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According to Brazilian media outlet Folha, Brazils antitrust regulator CADE has launched an investigation into Apples (AAPL.O) contactless payment functionality on its iOS system.US-Israel-Iran Conflict: ① Iran 1. Iran: US and Israeli attacks on judicial institutions resulted in 14 deaths and 50 injuries. 2. Most of Iran is cut off from the international internet. 3. Iran attacked a US-owned oil refinery in Riyadh, causing a fire. 4. Iran attacked US military bases and Kurdish armed bases in Iraq. 5. The Iranian Revolutionary Guard has attacked more than 100 targets in Tel Aviv, Israel. 6. Iran launched cluster-warhead missiles at Israel, damaging a railway station. 7. Irans energy facilities were attacked; it vowed to retaliate by attacking oil facilities in three Middle Eastern countries. 8. Irans Supreme Leader issued a statement regarding the assassination of Larijani: the blood debt will soon be settled. 9. National Iranian Gas Company: the fire at the South Pars gas field has been extinguished, and energy supply is normal. ② US 1. Sources: Trump is still weighing the risks of a ground invasion of Iran. 2. US media: Trump hopes Israel will postpone further attacks on Iranian energy facilities. 3. The US military claims to have used several heavy munitions to strike Iranian missile sites along the Strait of Hormuz. 4. US media reports that the US intends to destroy Iranian military power and then cease hostilities as soon as possible, while Israel insists on pursuing and killing the Iranian leader. 5. According to ABC News: Since the start of the war, at least 10 radar stations used by the US and its allies have been attacked by Iranian drones or missiles. ③ Israel 1. Israeli military: First attack on targets in northern Iran since the start of the war. 2. Israel attacks the worlds largest gas field, Irans South Pars gas field. 3. Israeli Foreign Minister: The Strait of Hormuz stalemate is a global maritime terrorism. 4. According to Axios: The Israeli Air Force strikes more than five Iranian naval targets in the Caspian Sea. 5. Israeli Defense Minister: The Iranian intelligence minister has been killed, and the Israeli military has been authorized to kill any senior Iranian officials. ④ Other 1. The UAE claims to have been attacked by 13 missiles and 27 drones today. 2. Kremlin: We strongly condemn the killing of the Iranian leader. 3. Qatar condemns Israels attack on the Iranian gas field as an "irresponsible act." 4. International Maritime Organization: The situation in the Strait of Hormuz has left approximately 20,000 seafarers stranded at sea. 5. UAE Ministry of Foreign Affairs: The strikes against Iranian energy facilities at the South Pars gas field pose a threat to global energy security. 6. IAEA Director General Grossi: The attacks on Iran have not resolved the nuclear issue. He urged the US and Iran to return to negotiations. 7. Indian Prime Minister Modi, in a phone conversation with the Crown Prince of Kuwait, stated that ensuring the safety and freedom of navigation in the Strait of Hormuz remains Indias top priority. Other news: 1. Riyadh, the capital of Saudi Arabia, was attacked by ballistic missiles. 2. Israeli military attacks on Beirut, the capital of Lebanon, have resulted in 6 deaths. 3. Multiple locations in Israel were attacked by rockets from Lebanon. 4. Qatar claims that Iranian missiles hit an LNG hub, causing severe damage. 5. Russian Deputy Prime Minister: The Middle East conflict has triggered the worst energy crisis in 40 years. 6. The Israeli military stated that it will launch attacks on border crossings on the Litani River in Lebanon starting at noon. 7. An Iranian projectile struck the Australian airbase in Minhad, UAE; no injuries were reported. 8. The Iraqi armed group Kataib Hezbollah announced a five-day suspension of attacks on the U.S. embassy in Iraq, subject to certain conditions.Abu Dhabi Media Office: Authorities are dealing with two incidents of falling debris after successfully intercepting missiles targeting the Habshan gas facility and the Bab oil field.On March 19, local time, Iran launched the 63rd round of Operation True Commitment-4 in the early hours of the morning. The Iranian Islamic Revolutionary Guard Corps issued an emergency statement announcing a large-scale missile attack on US-related oil and energy facilities in the region. This operation was a direct and reciprocal retaliation for the earlier attacks on Iranian energy infrastructure on March 18. The statement indicated that the retaliatory action aimed to target energy facilities "with US interests and US ownership." The statement emphasized that Iran originally did not want the war to escalate to the energy sector, nor did it wish to affect the economies of neighboring countries, but the enemys provocations have led the war into a "new phase." The statement confirmed that the Iranian armed forces have carried out multiple rounds of strikes to ensure that the damage suffered by the enemy is on par with the damage to Iranian infrastructure. The statement also warned that if the attacks continue, Iran will expand the scope of its strikes to all energy infrastructure of US and Israeli allies, until it is "completely destroyed."PetroReconcavo, Brazils oil company, estimates its proven oil reserves at 80.1 million barrels by the end of 2025.

XRP and a Return to $0.50 Remains in the Hands of the SEC v Ripple Case

Cory Russell

Nov 03, 2022 15:32

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Wednesday saw a 2.99% decline in XRP. XRP lost 0.18% on Tuesday and closed the day at $0.45025. Notably, XRP missed $0.47 for the third session in a row.


Despite a tumultuous day's start, XRP reached an early high of $0.46579. XRP fell to a late low of $0.44533, falling short of the First Major Resistance Level (R1) at $0.4690. At $0.4570, the First Major Support Level (S1) was breached by XRP, which finished the day at $0.45025.


The FOMC policy decision and press conference took center stage, pushing updates from the SEC v. Ripple lawsuit to the sidelines.


Counterparties take a break from filing amicus briefs while the Fed speaks.


On Wednesday, Amicus Brief filings were suspended. Investors must wait for SEC and Court responses on the filings after a series of requests and filings.


The Amicus filings show XRP uses that support the Defendants' position, and there has been substantial support for the Defendants; but, the Court would need to come to a same conclusion.


The SEC has chosen to hold off on making a statement until November 15 because it will not give up easily. The deadline for filing temporary under seal summary judgment reply papers is November 15.


The Fed now controls XRP since there have been no developments on the case. Prior to Fed Chair Powell sending riskier assets into the red, the first market response to the FOMC announcement drove XRP to an afternoon high. The markets had gambled on a December Fed Pivot before to the FOMC policy decision. Powell eliminated any doubt and emphasized the need to keep raising rates to combat inflation.


Later on today, attention will once again turn to US economic statistics, with the ISM Non-Manufacturing PMI and its sub-components expected to have the most impact.


Updates from the current SEC v. Ripple lawsuit will still provide XRP direction, however.