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Top XRP ETF Holders Revealed: Goldman, Jane Street Lead the List

Goldman Sachs, Jane Street, and Millennium Management led disclosed spot XRP ETF holdings in second-quarter filings. Bloomberg Intelligence data showed known filers held $183.5 million in fund exposure representing about 176.4 million XRP. Goldman Sachs Leads XRP ETF Holder Rankings Institutional investors held $183.5 million across U.S. spot XRP exchange-traded funds (ETFs) at the end […]

Bitcoin.com NewsBitcoin.com News•Kevin Helms6 Sept

Hong Kong Misuses Colonial-era Law to Violate Rights

Click to expand Image Former trustees of the 612 Humanitarian Relief Fund, following a verdict at the West Kowloon Magistrates' Courts in Hong Kong, November 25, 2022. © 2022 Lam Yik/Bloomberg via Getty Images Organizing a group to help people in distress used to be something Hong Kong people could do without fear. Not anymore. On September 3, the Hong Kong Court of Appeal affirmed the conviction of five 612 Humanitarian Fund trustees for failing to register the fund under the Societies Ordinance. It’s just the latest example of the government weaponizing colonial-era laws to dismantle civil society organizations. The 612 Fund was established in 2019 through public donations to cover medical and legal expenses for demonstrators arrested during the pro-democracy protests. It ceased operations in 2021. The following year, its five trustees—including Cardinal Joseph Zen, the barrister Margaret Ng, and the singer Denise Ho—were fined HK$4,000 (US$510) for failing to register as a society. Separately, they were also arrested under the newly adopted National Security Law for alleged “foreign collusion”; that case remains open. The ruling has serious rights implications for organizations in Hong Kong. The Societies Ordinance defines “society” so broadly that virtually any informal group can fall within it. To operate legally, a group must provide personal information to police and meet strict, continuing reporting obligations, allowing authorities to monitor everyday civic activity. Yet the appeals court ruled that these restrictions did not impose “an unacceptably harsh burden” on freedom of association. The ordinance was enacted by the British colonial government in 1911 primarily to control gangs. The United Nations Human Rights Committee and civil society groups have long criticized the law for its vague language and sweeping scope. In the nearly three decades since the United Kingdom handed sovereignty over Hong Kong to China in 1997, the authorities started using the Societies Ordinance with increasing frequency against pro-democracy groups. They have used it to ban the Hong Kong National Party, prosecute trade union leaders, and pressure the Civil Human Rights Front to disband. Other colonial-era laws, including sedition provisions and the Public Order Ordinance, have also been repurposed against civil society. While the 2020 National Security Law imposed by Beijing remains the authorities’ most powerful tool against dissent, the 612 Fund case shows that the authorities are selectively applying yet another law to restrict freedom of association rights, punish advocacy, and bring civic life under heavy-handed police scrutiny.

Human Rights WatchHuman Rights Watch•Human Rights Watch4 Sept

Boeing Now Fixing Cracked Parts On New Air Force One 747-8s Amid $3 Billion In Cost Overruns

Boeing is making steady progress repairing hundreds of microscopic cracks discovered in structural reinforcing members on the two 747-8 aircraft being converted into the next Air Force One fleet, with the news coming from Bloomberg. The repairs involve longitudinal structures known as stringers, which are being replaced under procedures mandated by the Federal Aviation Administration (FAA).

Simple FlyingSimple Flying•Chris Loh4 Sept