This week, a panel discussion on the next steps for cross-border payments occurred between May 10 and May 11 as part of the Digital Monetary Institute (DMI) symposium in London.

The importance of an innovative global payment system was emphasized by panelists at the Digital Monetary Institute (DMI) symposium, including the President of Ripple. A panel discussion on the next steps for cross-border payments occurred between May 10 and May 11 as part of the DMI symposium in London. The panel featured representatives from the International Monetary Fund (IMF), RTGS Global Limited, the Bank of Mauritius, and the Ripple blockchain, who came together to highlight the importance of creating an efficient and innovative global payment system. The panelists agreed that cross-border payments are critical to the global financial system, and there’s a need for innovation and collaboration to improve them. Ripple was ranked as the leader for CBDCs due to its success with RippleNet, technological capabilities within the CBDC space, and existing deployments and growth in the emerging space.

Tranglo, a global payment processing hub and Ripple's payment partner, has achieved a milestone of over $1 billion in On-Demand Liquidity (ODL) transactions since the service's launch.

Ripple's Chief Legal Officer, Stuart Alderoty, believes that the issues faced by the crypto market are not related to the ecosystem, but rather a constitutional problem.

Last week, crypto startups raised approximately $52 million, with Fedi raising $17 million and zkLink raising $10 million.

In Q1 2023, Coinbase's revenue on deposits via interest income, blockchain rewards, and custodial fees made up the majority of its revenues.

And this recent prediction from Egrag, a cryptocurrency analytics firm, is suggesting that the price of XRP could reach $10 or $27 by the end of 2025.

Bitcoin miners have received a boost in profits after the scheduled difficulty level adjustment resulted in a positive balance, which is the first time since February that the difficulty has decreased.

Coinbase, the largest cryptocurrency exchange in the United States, has won the first legal round against the Securities and Exchange Commission (SEC) to achieve regulatory clarity around digital asset trading. Amid this win, Coinbase has announced the launch of an international exchange offering Bitcoin and Ethereum perpetual futures. Asheesh Birla, a board member at Ripple, has hinted that Coinbase is transitioning from a crypto exchange to a crypto-enabled banking service, with a mission to build a more fair, efficient, accessible, and transparent financial system for digital assets. Coinbase has also stated its dedication to partnering with high bar regulators across US and non-US jurisdictions to update the financial system.

Ripple CEO Brad Garlinghouse expressed gratitude for the support of the XRP community amid the ongoing legal battle with the Securities Exchange Commission (SEC). Garlinghouse made the remark following his participation in the XRP Las Vegas 2023 event, a two-day conference exclusively dedicated to members of the XRP community. The community's support has not gone unnoticed by Ripple's leadership, and Garlinghouse anticipates the legal matter to be concluded in the first half of 2023. Recent developments, including the SEC's case against Ripple being weakened, could have implications for the outcome of the legal case and the broader regulatory framework for cryptocurrencies. XRP continues to trade in tandem with the general market, with the token trading at $0.46 at press time.