Japanese cryptocurrency exchange BitTrade has announced the addition of XRP and Shiba Inu (SHIB) to its cryptocurrency lending platform. The lending period for users is 90 days with an annual interest rate of 2%.

According to blockchain data tracking service Whale Alert, at around 04:24 on November 24th, Beijing time, 25,000,000 XRP (worth about $15,553,036) were transferred from an unknown wallet to Bitso.

Ripple Labs Chief Technology Officer David Schwartz believes that if Ripple were established outside the United States, the company would have gone public a long time ago. Ripple's trajectory of withdrawing from the IPO was completely unexpected. Previously, the CTO mentioned that he was looking forward to Ripple's IPO.<br>The CTO's statement was made during a debate with another XRP community member about why Ripple is not going public. According to the user, Ripple Labs issued XRP tokens to replace the IPO, indicating that the company is more inclined to raise funds through tokens rather than an IPO.<br>Previously, bestselling author and Wall Street investor Linda Jones predicted that Ripple will launch its IPO next year. Jones said mid-May would be an ideal time, around May 15th. (Coinedition)

James Wallis, Vice President of RippleX responsible for central bank operations and CBDC, emphasized the role of CBDC in promoting global financial inclusion in a short video. James Wallis stated that inclusive finance aims to provide financial services to individuals around the world, especially those who are low-income and have no connection with financial institutions. Wallis believes that CBDC provides a cost-effective solution to provide financial services at much lower costs than traditional methods. He stated that even without prior contact with financial institutions, CBDC can provide simplified payment options and opportunities to establish credit. Ripple is collaborating with more than 20 central banks worldwide to launch CBDC programs and is serving as a technical partner for the second phase of the Georgian digital Lari project. In addition, Ripple is actively participating in CBDC collaborations in Bhutan, Palau, Montenegro, Colombia, and Hong Kong. (Cointelegraph)

Ripple's Chief Technology Officer David Schwartz announced that XRP Ledger (XRPL) is entering the world of asset tokenization. Schwartz expressed satisfaction with shifting the focus from XRP to the underlying technology of XRPL, while acknowledging XRP's role in trading and investment. Schwartz also emphasized the more interesting technical aspects of the ledger. Additionally, Schwartz pointed out the unique position of XRPL in the blockchain field as the first layer blockchain not derived from Bitcoin technology. Since its inception in the early 2010s, it has maintained this advantage.

The bestselling author and Wall Street investor Linda Jones predicts that Ripple will launch an IPO next year. Jones stated that if Ripple wants to go public next year, then around May 15th would be an ideal time. If this does not happen, then she believes it may not occur until 2025.

According to SEC Chairman Gary Gensler, he recently shared a video of his speech at the 2023 Securities Enforcement Forum, in which he emphasized the views of SEC's first chairman, Joseph P. Kennedy, stating that government agencies should be "partners of honest companies and prosecutors of dishonest companies". Ripple's Chief Legal Officer, Stuart Alderoty, responded by stating that Gensler's remarks should be fact-checked, as he had prejudged cryptocurrencies and sued others without investigation. Alderoty also emphasized that Ripple was sued but "never accused of dishonesty". He also accused the SEC of "dark behavior", criticizing them for becoming "insignificant" internationally. <br>

According to Coinglass data, XRP liquidations reached $7.1622 million in the past 24 hours, with long positions accounting for $4.7601 million, or 66% of the total.

On November 14th, community analyst Krippenreiter conducted a thorough analysis of the upcoming release of the rippled server software V2.0.0 for the XRP Ledger (XRPL). One of the core features of rippled V2.0.0 is the introduction of a new API version, which Krippenreiter describes as a "major breakthrough change". This API version represents a significant shift in the XRPL operation framework, affecting the way requests and responses are processed.

Judge Analisa Torres set remedies discovery and briefing schedule in the SEC vs Ripple, attorney claims XRP lawsuit's final judgment in July.

During a fireside chat at the Ripple Swell 2023 event, Ripple CEO Brad Garlinghouse said he is actively discouraging those who call themselves "extremists" because the future of the cryptocurrency industry will be a multi-chain world.

On November 12th, it was reported that the "fixReducedOffersV1" amendment for XRPL is currently in a two-week activation countdown phase and has received approval from over 80% of validators. This modification marks a major upgrade for XRPL. Additional features will be introduced in the coming weeks. According to XRPScan, users who rely on V1.11.0 or earlier versions are advised to update their systems. Deploying fixReducedOffersV1, which addresses critical issues with DEX products, requires over 80% of updates to be implemented within 14 days.

Ripple CEO Brad Garlinghouse said that the SEC's actions against the cryptocurrency industry have failed to protect investors and that its regulatory strategy needs to be reassessed. The industry needs a new customized regulatory framework that takes into account the subtle differences of digital assets.

Whale Alert monitored that at 00:42:10 Beijing time today, 425,807,780 XRP (worth $288,496,378) were transferred from an unknown wallet to a new wallet.

On November 11th, XRP lawyer John Deaton believes that the fine Ripple will pay will be much lower than $770 million. Deaton emphasizes that the Supreme Court ruled that forfeiture is not punitive and cannot exceed the "net profits" of sales. Companies can deduct legitimate business expenses. The legal lawsuit against Ripple is not centered on fraud, but constitutes regulatory disagreement. This distinction is crucial because attention has shifted from punitive measures to regulatory compliance.

Ripple CEO Brad Garlinghouse said at the Ripple Swell event held in Dubai that in my opinion, the US Securities and Exchange Commission (SEC) has ignored its mission to protect investors. Garlinghouse hopes that the United States can go beyond the situation where cryptocurrency regulation is determined by litigation and transition to federal laws governing digital currencies formulated by Congress.

According to blockchain data tracking service Whale Alert, a wallet address starting with "rnomGK" transferred 39,523,129 XRP to cryptocurrency exchange Coinbase at around 14:53 Beijing time on November 11, with a value of approximately $25,853,836.

Ripple CEO Brad Garlinghouse commented on the SEC's lawsuit, stating that Ripple has spent over $150 million in legal fees. If the SEC's lawsuit ultimately appeals to the Supreme Court, Ripple will also fight to the end with the SEC.<br>In addition, Garlinghouse believes that the SEC's stance on cryptocurrency is the main obstacle to the development of the industry. Although the United States continues to express hostility towards cryptocurrencies, other countries including Japan, Switzerland, Australia, and the United Kingdom have established clear regulatory frameworks to help the industry flourish. Despite this, Garlinghouse believes that the United States still has the potential to become a global leader in the cryptocurrency field.

Ripple has teamed up with UK-based fintech company Onafriq to expand remittance corridors across Africa, the UK, Australia, and the Gulf States. The partnership will use Ripple's private network, Ripple Payments, to offer a faster and more cost-effective alternative to traditional remittance processes. The move is aimed at reducing high fees and slow transaction times for remittance senders, particularly the African diaspora. The partnership highlights the growing acceptance of blockchain technology in financial services and comes at a time when Africa is witnessing a surge in mobile money platforms and fintech innovation.

HSBC has partnered with tech firm Metaco, owned by Ripple, to launch an institutional custody platform for tokenized securities. The bank aims to launch the service in 2024, in conjunction with its existing digital asset issuance platform, HSBC Orion, and its gold tokenization solution. The move was driven by increasing demand for custody and fund administration of digital assets from asset managers and owners. Metaco's Harmonize platform will be used to enable secure and unified operations of digital assets.