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National Mandela Day 2023 : Social awareness for weak Communities

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National Mandela Day 2023 : Social awareness for weak Communities

On July 18, the world honors the indelible legacy of Nelson Mandela. In 2010, the United Nations was invited the global community to celebrate Mandela’s birthday by taking transformative action to improve our communities.

Nelson Mandela dedicated his life to fighting for social justice, and his legacy is a powerful reminder of his values and principles. It calls us to reflect on the challenges our world faces — including poverty, inequality, and climate change — and to take action to address them.

Nelson Rolihlahla Mandela was born in Transkei, South Africa. He was arrested and sentenced to life imprisonment for resisting the ruling National Party’s apartheid policies. From 1964 to 1982, he was incarcerated at Robben Island Prison. Still, he became widely accepted as the most significant Black leader in South Africa, and a powerful symbol of resistance to the apartheid regime. He consistently refused to compromise his political position to obtain his freedom.

Four years after his 1990 release, Mandela was elected President of South Africa. He stands in the record of human history as a liberator and leader who, through personal sacrifice, exemplified the individual’s power to change the world.


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To many in South Africa, he was a father, an icon, and an inspiration. United Way South Africa (UWSA), too, is motivated by his values and principles.

“Nelson Mandela International Day recognizes his values and his dedication to the service of humanity in conflict resolution, race relations, promotion and protection of human rights, reconciliation, gender equality and the rights of children and other vulnerable groups,“ says Queen Mokonoto, UWSA’s Executive Director.

This thinking underscores the long-term social change United Way South Africa and its partners are fueling in the country, focused on closing gaps and opening opportunities so all can thrive. United Way South Africa is committed to improving education, financial stability, and health, inspired by Mandela’s legacy that seeks to bring peace and justice to all mankind. By uniting and connecting all sectors of society, UWSA addresses systemic issues and improves lives.

Throughout July, United Way South Africa is undertaking several initiatives to improve the communities it serves. In the Ekurhuleni Metropol in Gauteng Province, United Way is planting trees and enhancing food gardens in select schools. In the community of Tembisa, United Way-led school gardens are fostering collaboration, communication, and shared responsibility among community members. These gardens provide fresh produce for nutritious meals, address food security, and teach young people about environmental stewardship. And collaboration among community members, parents, and students is strengthening social bonds and empowering individuals to take make a meaningful difference in their community.

Other UWSA programs, like the Urban Agricultural Programme (UAP), support income stability and social justice. The UAP empowers women in these communities by providing opportunities for income generation through sustainable farming practices. By doing so, UWSA promotes economic independence and contributes to a more equitable society.

Nelson Mandela’s legacy deeply influences UWSA’s work and is aligned with his vision of a society where everyone, everywhere, has access to education, income stability, and good health. By addressing food insecurity, promoting sustainable agriculture, and empowering women, United Way ensures that these communities thrive and grow stronger.

As we commemorate Mandela Day, we witness the profound impact that one person’s actions can have on communities and individuals. Nelson Mandela’s legacy inspires us to act, embrace diversity, and work towards a more equitable and inclusive society. UWSA exemplifies this spirit through its dedicated efforts in education, income stability, and health programs.

NAETTE LEE Via United Way And Faith Nyamukapa

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Former Kerala Chief Minister Oommen Chandy dies at 79

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Former Kerala Chief Minister Oommen Chandy dies at 79

 

Thiruvananthapuram(ANI)- Former Kerala Chief Minister and senior Congress leader Oommen Chandy died during the early hours of the morning on Tuesday, media reports said. The politician was hospitalised at Chinmaya Hospital in Bengaluru.

He was 79 and had been undergoing treatment for cancer.
Oommen Chandy represented the Puthupally constituency in Kottayam district for more than 50 years. He was the MLA from Puthupally.


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Chandy first represented Puthupally in 1970 when he was the Youth Congress president. He became a minister for the first time in the K Karunakaran cabinet in 1977. He was appointed Chief Minister twice. He handled the finance portfolio in the state and had also been the Leader of Opposition.

Congress Leader Rahul Gandhi tweets

Oommen Chandy ji was an exemplary grassroots Congress leader. He will be remembered for his lifelong service to the people of Kerala. We will miss him dearly. Much love and condolences to all his loved ones.


Chandy was a leader who was known for always being approachable to his constituents. His programme “Janasambarka paripady” which was launched to hear people’s complaints when he was the Chief Minister was very popular.

Following his sickness, he had been undergoing treatment in the U.S. and he reportedly continued the treatment in Bengaluru.

Kerala Congress President K Sudhakaran condoled the death of the former Kerala Chief Minister.


Prime Minister of India, Sh. Narendra Modi, expressed grief over his death and tweets some old pictures, with Sh. Oommen Chandy

“The tale of the king who triumphed over the world with the power of ‘love’ finds its poignant end. Today, I am deeply saddened by the loss of a legend, @Oommen_Chandy. He touched the lives of countless individuals, and his legacy will forever resonate within our souls,” Sudhakaran tweeted.

Oommen Chandy is survived by his wife Mariamma and children Maria Oommen, Chandy Oommen and Achu Oommen.

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Putin says Russia will use cluster bombs in Ukraine if it has to

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Putin says Russia will use cluster bombs in Ukraine if it has to

MOSCOW, (Reuters) – President Vladimir Putin said Russia had a “sufficient stockpile” of cluster bombs and reserved the right to use them if such munitions, the use of which he said he regarded as a crime, were deployed against Russian forces in Ukraine.

Ukraine said on Thursday it had received cluster bombs from the United States, its biggest military backer, which says the munitions are needed to compensate for shell shortages faced by Kyiv’s forces at a time when they are mounting a counteroffensive.

Cluster munitions are banned in more than 100 countries because they typically release large numbers of smaller bomblets that can kill indiscriminately over a wide area. Some of them inevitably fail to explode and can pose a danger for decades, particularly to children.

Kyiv has said it will use cluster bombs to dislodge concentrations of enemy soldiers when trying to take back its own territory, but will not use them on Russian territory.

Putin told state TV Moscow would respond in kind if necessary.

“I want to note that in the Russian Federation there is a sufficient stockpile of different kinds of cluster bombs. We have not used them yet. But of course if they are used against us, we reserve the right to take reciprocal action.”

Putin said he regarded the use of cluster bombs as a crime and that Russia had so far not needed to use them itself despite having suffered its own ammunition issues in the past.

Human Rights Watch says both Moscow and Kyiv have used cluster munitions. Russia, Ukraine and the U.S. have not signed up to the Convention on Cluster Munitions, which bans the production, stockpiling, use and transfer of the weapons.

Putin also told state TV he saw nothing wrong in Russian specialists examining captured Western military equipment and missiles, such as the Storm Shadow missiles Britain supplied to Ukraine, in order to see if there was anything useful that could be used in Russia’s own military hardware.

Reporting by Reuters Editing by Andrew Osborn

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India’s G20 sherpa says brokering peace between Ukraine, Russia beyond bloc’s remit

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India’s G20 sherpa says brokering peace between Ukraine, Russia beyond bloc’s remit

NEW DELHI (Reuters) – Brokering peace between Russia and Ukraine is beyond the remit of the G20 and such efforts will be best undertaken by the United Nations and through bilateral negotiations, India’s sherpa to the bloc said Saturday.

“Our view is that G20 is an economic forum, not a forum to discuss security issues,” India’s sherpa Amitabh Kant told Reuters in an interview.

“However, as PM (Prime Minister Narendra) Modi said during Bali, this is not an era of war, but an era of dialogue and diplomacy,” Kant added, referring to a G20 summit on the Indonesian island of Bali in November.


READ MORE : Putin says Russia will use cluster bombs in Ukraine if it has to

Modi’s remark that “today’s era is not an era of war” was first made in September to Russian President Vladimir Putin, in New Delhi’s sharpest public response to the war.

India, which holds the current presidency of the G20, has sought a largely neutral stance on the war, generally declining to blame Russia for the invasion that began in February last year, urging a diplomatic solution and sharply boosting its purchases of Russian oil even as Western nations seek to squeeze Moscow.

The G20 includes the rich G7 nations as well as Russia, China, Brazil, Australia and Saudi Arabia, among other countries.

Over the course of its presidency India has sought to highlight the economic impact of the conflict as well as issues such as climate change and poorer countries’ debt.

G20 nations, which account for more than 80% of the world’s gross domestic product, have wrangled over condemning the war amid a push from G7 nations to do so.

This year, some Western nations have refused to sign off on an eventual G20 communique unless Russia’s invasion of Ukraine is denounced in the same words as the leaders’ declaration after the last G20 summit.

India has invited leaders of all G20 nations for a final summit in September in New Delhi and have received “encouraging responses”, Kant said.

Additional reporting by Shivangi Acharya Editing by Frances Kerry

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US, Japan, South Korea, condemn North Korean missile launch in joint statement

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US, Japan, South Korea, condemn North Korean missile launch in joint statement

Jakarta(Reuters) – North Korea’s firing of an intercontinental ballistic missile (ICBM) this week violates multiple U.N. resolutions and threatens peace and stability in the region, the United States, South Korea, and Japan said on Friday in a joint statement condemning the launch.

The missile, fired off North Korea’s east coast on Wednesday, flew for 74 minutes to an altitude of 6,000 km (3,728 miles) and a range of 1,000 km, according to Japan, in what would be the longest-ever flight time for a North Korean missile.


“This constitutes a clear, flagrant violation of multiple UN Security Council resolutions and poses a grave threat to peace and stability on the Korean Peninsula and beyond,” the top foreign officials of U.S., South Korea, and Japan said in the joint statement.

The countries urged North Korea “to cease its unlawful and escalatory actions and promptly return to dialogue,” the statement added.

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The officials – U.S. Secretary of State Antony Blinken, Japanese Foreign Minister Yoshimasa Hayashi and Foreign Minister Park Jin of South Korea – met on the sidelines on the sidelines of the ASEAN Regional Forum in Jakarta, Indonesia, on Friday.

Blinken reaffirmed the United States’ “ironclad commitments” to the defense of Japan and South Korea in that meeting, according to a separate statement from the U.S. State Department.

North Korea’s “continued development of its nuclear and ballistic missile capabilities will only bolster the resolve of the three countries and the international community to achieve the complete denuclearization of the Korean Peninsula,” the joint statement released after the meeting said.

The launch came after heated complaints from North Korea in recent days, accusing American spy planes of flying over its exclusive economic zone waters, condemning a recent visit to South Korea by an American nuclear-powered cruise missile submarine, and vowing to take steps in reaction.

Reporting by Ismail Shakil in Ottawa; Editing by Caitlin Webber and Sandra Maler

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France fetes India’s Modi at Bastille Day celebration

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France fetes India’s Modi at Bastille Day celebration

PARIS (Reuters) – Indian Prime Minister Narendra Modi was treated to one of France’s most spectacular accolades on Friday as guest of honour at the Bastille Day military parade, part of a visit that has sealed high-profile defence deals.

Modi and President Emmanuel Macron watched French and Indian soldiers march down the tree-lined Champs-Elysees avenue in Paris, while French-made Rafale fighter jets India bought in 2015 took part in a fly-past over the Arc de Triomphe.


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The parade comes after New Delhi gave initial approval to buy an extra 26 Rafale jets for its navy and three Scorpene class submarines, deepening defence ties with Paris at a time the two nations are seeking allies in the Indo-Pacific.

The total value of the purchases is expected to be around 800 billion rupees ($9.75 billion), according to a source familiar with the details, although that was still subject to negotiations.

France has been one of India’s closest partners in Europe for decades. It was the only Western nation not to impose sanctions on New Delhi after India conducted nuclear tests in 1998.

India has relied on French fighter jets for four decades now. Before buying Dassault Aviation’s Rafale, India bought Mirage jets in 1980s and those still comprise two squadrons of the air force.

The ageing fleet of India’s Russian-made planes, Moscow’s inability to perform maintenance work, and delays in India’s indigenous manufacturing plans have led to the two new defence deals.

Later on Friday, Macron will host Modi at the Elysee Palace for talks before a state banquet at the Louvre Museum.

But Modi’s visit was also criticised by human rights organisations, concerned about the perceived growing authoritarian nature of Modi’s Hindu nationalist Bharatiya Janata Party and accusations of discrimination against minorities.

“Today, Emmanuel Macron rolls out the red carpet for Narendra Modi,” the French Ligue des Droits de l’Homme (LDH) rights group said on Twitter. “The LDH, concerned about India’s authoritarian turn, denounces this invitation which sends a disastrous signal, negating our democratic values.”

For France, the strategic partnership with India is crucial as it seeks to consolidate its alliance network in the Indo-Pacific region after being dealt a blow by Australia when Canberra decided to ditch a big French submarine contract and form the AUKUS alliance with Britain and the United States.

Both India and France through its island territories have deep interests in the Indian Ocean and are concerned about China’s growing assertiveness in the region.

Macron has treated only a few global leaders to the Bastille Day military parade.

He invited Donald Trump for the 2017 celebrations, and the then U.S. president was so impressed by the French march-past that he asked Pentagon officials to explore a similar parade in celebration of American troops.

Reporting by Michel Rose Editing by Frances Kerry and Nick Macfie

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Evergreen Novak Djokovic reaches ninth Wimbledon final after brushing aside Jannik Sinner; will face Carlos Alcaraz

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Evergreen Novak Djokovic reaches ninth Wimbledon final after brushing aside Jannik Sinner; will face Carlos Alcaraz

(CNN)— Age is clearly just a number to Novak Djokovic, who is now just one match away from securing a record-equaling eighth Wimbledon title after the Serb beat Italy’s Jannik Sinner in straight sets, winning 6-3 6-4 7-6 in Friday’s first men’s semifinal.

Victory ensured the 36-year-old reached a record-breaking 35th grand slam final – in doing so surpassing Chris Evert’s landmark – and will now face Carlos Alcaraz in Sunday’s final.

Djokovic will be the overwhelming favorite to win a record-extending 24th grand slam title against Alcaraz, not least because he’s already won the Australian Open and the French Open in 2023.

The Serb has lost one just one Wimbledon final he’s reached – that was 10 years ago when he was beaten by Andy Murray.


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Ever the showman, Djokovic got into a back-and-forth with a fan, who had celebrated after he missed a first serve at break point down toward the end of a tense third set. After eventually holding serve, Djokovic turned to the fan and mimicked wiping away tears from his eyes.

Sinner, who was appearing in the last four of a grand slam for the first time in his career, left everything out of the court but was no match for Djokovic’s relentless brilliance.

The 21-year-old, widely regarded as one of tennis’ brightest young talents, will no doubt once again grace this stage of a grand slam in the not so distant future, but for now it’s the sport’s elder statesman that continues to reign supreme in SW19.

“Semifinals, it was always going to be a very close and tense match, as was the case,” said Djokovic said magnanimously in his on-court interview. “Three very close sets, I think the score line maybe doesn’t give the reality of what was happening on the court, it was super close.

“That third set could have gone his way, he had 15-40 on 5-4 … he missed a couple of shots to let me get into the tie-break. There was a lot of pressure in the third, I had my chances early on but he has proven why he is one of the leaders of the next generation and one of the best players we have in the world.

“It’s great to be part of this new generation, I love it,” Djokovic joked.


Rare hindrance call

The early signs were promising for Sinner, who earned a break point in Djokovic’s opening service game, though he was unable to convert. However, things quickly began to unravel as Sinner’s serve was broken in his opening service game as Djokovic took control of the first set.

In total, Sinner had three break points to Djokovic’s one in the first set but was unable to capitalize on any of them, while is opponent ruthlessly converted the one chance that presented itself to him.

The second set followed much the same pattern, as Sinner was again broken early on and a dejected look crept across his face after a game of quite careless tennis.

There was a bizarre moment in the second set when umpire Richard Haigh called Djokovic for a hindrance, awarding the point to Sinner, after the Serb let out a belated grunt when hitting a backhand.

“The hindrance [call] earlier on today in the match could have changed the course of the match,” Djokovic said.

“I felt really nervous after that call from the chair umpire, but managed to regroup and it was probably the first time in my career that something like this has happened.

“Normally I don’t have extended grunts, maybe it was an echo from the roof or something. “I didn’t feel I was causing any hindrance, but it was the call and I had to respect it.”

Subsequently, Haigh called Djokovic for a time violation on his serve. Though unquestionably a correct decision this time, it only served to add to the frustration of both Djokovic and the crowd.

Unperturbed by the umpire’s decisions, Djokovic held serve before eventually taking a commanding two-set lead.


‘Eternally grateful’

Sinner deserves plenty of credit for continuing to battle deep into the third set, pumping his fist toward his box with every booming winner, including one that registered 100 miles per hour on the speed gun.

In fact, the youngster was now playing his best tennis of the encounter and his reward was the chance to take the third set in a tie-break.

There was to be no denying Djokovic, however, who turned up the heat once again to clinch the tie-break and the match.

Even at the ripe, old age of 36 – in tennis terms, at least – Djokovic says he might just be playing some of the best tennis of his career.

“I’d like to believe that’s the case,” he said. “I mean, we are part of an individual sport so you have to rely on yourself and put yourself in the best possible, physical, mental and emotional state before going out on the court.

“So I tried not to look at the age as a hindrance that might change the outcome on the court. I feel 36 is the new 26, it feels good.

“I feel a lot of motivation and I’m inspired to play the tennis that I truly love, this sport has given me so much and I’m eternally grateful so I’ll try to … I guess return the favor to this sport and play as much as I possibly can.”

In the other semifinal, Alcaraz reached his first Wimbledon final with a dominant victory over Daniil Medvedev, winning in straight sets 6-3 6-3 6-3.

Alcaraz raced into a two-set lead behind some big hitting and deft drop shots and although Medvedev showed grit and determination in the final set to show his class, the world No. 1 reached his final at the famous tournament with a now-familiar pinpoint forehand.

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Chandrayaan 3 launch live updates: Launch successful, journey to moon begins

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Chandrayaan 3 launch live updates: Launch successful, journey to moon begins

Sriharikota (ET) – India launched its ambitious third lunar mission Chandrayaan 3, eyeing a rare feat in moon exploration so far only accomplished by the likes of the US, China and the former Soviet Union.

Indian Space Research Organisation’s (ISRO) third lunar expedition in 15 years, the hugely anticipated Chandrayaan 3 embarked on its month-long journey towards the moon,

piggybacking ISRO’s latest heavy lift launch vehicle, ‘Fat boy’ LVM3-M4 from Sriharikota.

The soft landing of the payload, the most challenging part of the mission, is planned for late August. Chandrayaan 2 could not achieve this objective when communication with the Lander ‘Vikram’ was lost.

Chandrayaan-2 failed to achieve the desired soft landing on the moon surface in 2019, leaving the ISRO team dejected. Images of an emotional then ISRO chief K Sivan being consoled by Prime Minister Narendra Modi who was present to achieve the rare feat, remains vivid in the memory of many.


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Scientists at the Satish Dhawan Space Centre here, after investing many hours of hardwork, now aim at mastering the technology of soft-landing on the surface of the moon.

ISRO is crossing new frontiers by demonstrating soft-landing on the lunar surface by its lunar module and demonstrating roving on the lunar terrain, the space agency said.

The mission is expected to be supportive to future interplanetary missions.

ISRO chief S Somanath says, “Chandrayaan-3 has started its journey towards the moon. Our dear LVM3 has already put Chandrayaan-3 craft into the precise around earth…Let us wish all the best for the Chandrayaan-3 craft to make its farther orbit raising manoeuvres and travel towards the moon in the coming days…”


ISRO releases stunning photos of Chandrayaan-3’s lift off

Proud moment for India, says Karnataka CM

Congratulating the ISRO for the successful launch Siddharamaih said: “It is a proud moment for India and a new milestone in India’s space research and innovation.”

Our family’s 73 days of ‘penance’, finally rewarded: ISRO

  • The 73 days of penance hasbeen rewarded with the successful orbiting of Chandrayaan-3 spacecraftby India’s heavy lift rocket LVM3, said a senior official of IndianSpace Research Organisation (ISRO).
  • Addressing the people assembled at the Mission Control Centre at therocket port here after the successful rocket mission, S. Mohana Kumar,the Mission Director, Chandrayaan-3 said it was a 73-day penance for theISRO family.The penance has been finally rewarded with the injection ofChandrayaan-3 spacecraft in the precise orbit.

Moon landing expected on August 23rd at around 5.47pm: ISRO chief S Somanath

If everything goes normal then landing on the moon is expected on August 23rd at around 5.47pm IST, says ISRO chief S Somanath on Chandrayaan-3

It demonstrates the nation’s unwavering commitment to advancement in space science and technology: President

It is a historic moment for India’s achievements in space tech under the leadership of PM: LS Speaker, Om Birla

This is a moment of glory for us, moment of glory for India and moment of destiny for all of us: MoS Jitendra Singh

ISRO scientists has today propelled India on the path of scripting a remarkable space odyssey for generations to cherish: HM, Shah

Chandrayaan-3 scripts a new chapter in India’s space odyssey: PM Modi

 

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Tornado Warning : Tornado touches down near Chicago’s O’Hare airport, disrupting hundreds of flights

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Tornado Warning : Tornado touches down near Chicago’s O’Hare airport, disrupting hundreds of flights

CHICAGO (CBS)- A tornado touched down near Chicago’s O’Hare International Airport, prompting passengers to take shelter and disrupting hundreds of flights. There were no immediate reports of injuries.

A confirmed tornado was on the ground around 7 p.m. Wednesday, according to the National Weather Service in Chicago.

“This tornado has been touching the ground intermittently so far and is moving east. There are additional circulations along the line south of O’Hare. Seek shelter if in the warned area,” it said.

By 8 p.m. the weather service said the Chicago forecast area was “currently tornado warning free.” The storm moved into Michigan before passing through the state and into Canada early Thursday. Tornado watches that were in effect for parts of Michigan, Indiana and Ohio all expired.

Video from TV stations showed hundreds of people taking shelter in an O’Hare concourse. Some 173 flights departing the airport were canceled and more than 500 were delayed, according to the flight tracking service FlightAware.

Kevin Bargnes, director of communications for O’Hare and Chicago Midway International Airport, told WGN-TV Wednesday night that no damage was reported at either airport.

The National Weather Service had issued two tornado warnings for Chicago Wednesday evening. Tornado sirens sounded warning people to find shelter.

Lynn Becker, a longtime Chicago resident, posted video to Twitter with tornado sirens blaring across the city’s iconic skyline.

“I’m in a 60 story apartment building so my options are somewhat limited,” he said. “We have to, I assume, go into the core of the building.”

Becker said news of the storm was featured across local media.

“There’s a certain panic when you’re watching a TV screen and everything is in red … but the hope is that the damage is minimal,” he said.

Travelers wait for their luggage at Midway International Airport in Chicago, Wednesday, July 12, 2023. A tornado touched down Wednesday evening near Chicago’s O’Hare International Airport, prompting passengers to take shelter and disrupting hundreds of flights.NAM Y. HUH / AP

Local news outlets said warehouses were reportedly damaged near O’Hare.

The weather service quoted an unidentified emergency manager as saying a roof was blown off in the community of Huntley in McHenry County northwest of Chicago. Huntley Battalion Chief Mike Pierce told ABC-7-TV that firefighters and other emergency services were responding to downed power lines, trees and tree branches, and that power outages had been reported. Building damage appeared to be concentrated around two apartment buildings, he said.

More than 10,000 customers lost power in the region, according to poweroutage.us.

In Hodgkins, southwest of Chicago, police said storm damage and debris was found on the north end of town, near a shopping center.

Earlier Wednesday, the weather service’s Storm Prediction Center had said there was an enhanced risk for severe weather, including tornadoes in northern Illinois, including Chicago.

Brett Borchardt, senior meteorologist with the National Weather Service, confirmed to WGN-TV that multiple tornadoes touched down across the Chicago area. He said surveying the damage will likely take days.

Over the years many tornadoes have struck in the Chicago metropolitan area, and several have hit within the city limits of Chicago, according to the National Weather Service. Between 1855 and 2021, the weather service recorded 97 significant tornadoes in the Chicago metro area.

The deadliest formed in Palos Hills in Cook County on April 21, 1967. The twister traveled 16 miles (26 kilometers) through Oak Lawn and the south side of Chicago, killing 33 people, injuring 500 and causing more than $50 million in damage, according to the weather service.

XRP coin surges after judge delivers a huge win to Ripple in its case against the SEC

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XRP coin surges after judge delivers a huge win to Ripple in its case against the SEC

XRP coin surges after judge delivers a huge win to Ripple in its case against the SEC

CNBC – Ripple’s XRP token surged on Thursday after a judge in the Southern District of New York ruled that it’s “not necessarily a security on its face.”

The price of XRP was last higher by 71% at about 80 cents a coin, according to Coin Metrics. The news gave hope to crypto investors, who breathed a sigh of relief that other altcoins also may not be considered securities after all. Polygon’s matic
token gained 17.82%. Litecoin and the Solana jumped 18.35%, and Cardano’s token advanced 20.31%. Bitcoin and ether got a boost too, rising more than 4% and 6%, respectively.

“The judgments today are a huge step forward for the industry,” Chris Martin, head of research at Amberdata, told CNBC. “By judging that XRP is not a security we’re starting to get clarity on what constitutes a security and what constitutes a commodity — the SEC will have to revise their tactics on several of their ongoing cases and I expect that this judgment will implicate several other tokens as non-securities.”


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Coinbase, which had previously de-listed XRP on its trading platform, tweeted on Thursday afternoon that it would now allow trading of the asset again. Gemini said it’s “exploring the listing of XRP for both spot and derivatives trading.”

“The judgment that institutional sales of XRP by Ripple constitute securities also has massive implications for the industry with several ICO’s now likely in the spotlight,” Martin added. “For exchanges caught in ongoing SEC cases, it’s not clear how this judgment will affect them – they’ve only been involved in secondary sales for the most part. But as we can see with prices today, the market is very bullish on the judgments.”

The news marks the end of a three-year battle between Ripple and the Securities and Exchange Commission — although, today’s decision came in a trial court decision and there’s a good possibility some of these findings will be appealed and could be reversed. In 2020, the SEC sued Ripple for breaching U.S. securities laws by selling XRP without first registering it with the agency.

The decision was widely seen as a key hurdle to clear in the second half of 2023 as crypto assets are still still contending with a challenging macroeconomic environment and have spent the past several weeks under immense pressure from U.S. regulators, highlighted by lawsuits brought by the SEC against Coinbase and Binance in June.

Coinbase shares were last up more than 24% after the ruling on optimism the company could prevail in its own battle with the SEC. Robinhood
and Block, both of which offer crypto trading services, rose 4.3% and 7%, respectively. Bitcoin proxy Microstrategy gained almost 12%. Miners surged double digit percentages.


A complex ruling

Investors are upbeat about Thursday’s ruling, but it’s not a clear-cut victory. The notion that XRP is plainly not a security is wrong, according to Stephen Palley, a partner at Brown Rudnick.

Still, he added, “if I were an XRP holder, I’d be happy right now.”

The ruling was divided into three sets of factual circumstances surrounding sales of XRP: institutional sales, programmatic sales and “other distributions,” such as employee compensation.

The court sided with the SEC when it came to “Ripple’s Institutional Sales of XRP to sophisticated individuals and entities,” saying they were securities transactions and constituted an investment of money. Ripple won when it came to “programmatic” sales, however, or sales made through trading algorithms, as well as other distributions.

“Having considered the economic reality and totality of circumstances, the Court concludes that Ripple’s Programmatic Sales of XRP did not constitute the offer and sale of investment contracts” at the same time as the “other distributions” didn’t demonstrate the ”‘investment of money’ as part of the transaction or scheme,” the filing said.

Palley highlighted another significant issue: whether or not crypto exchanges like Coinbase need to themselves register as securities exchanges. The SEC has been clear that most crypto assets being traded should be considered securities. However, the court didn’t reach a conclusion on the matter, which was another win for Ripple, Palley said.

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