Samsung family pays off record $8bn inheritance tax bill
https://www.bbc.com/news/articles/cn0px8g13xgo

🚨 HUGE: The US government's cash balance has hit ~$1 trillion for the first time since April 2021, surging $300 billion in just three weeks.

But the debt crisis is set to reaccelerate as tax season inflows slow down.

News | Markets | YouTube

Policy Summit and other things at Consensus 2026: State of Crypto

We are kicking off the show in Miami this week. Here's what you should attend.

XRP zooms above $1.40 on rising volume, putting focus on further breakout

Sharp volume surge drives move through $1.40, meaning traders may now watch whether the level holds as support.

Americans still prefer banks over crypto for financial access, CoinDesk's survey shows

New polling of voters suggests they aren't yet warming much to crypto, tending to see it as a negative force in the economy, and they have similar distrust of AI.

Imagine this.
An analogy to help visualize an important aspect of Stellar.

The bank handles your money.

The bank uses a connection like AOL dialup to communicate with other banks.

You go do business with the bank or “bank to bank” or “bank to person”. They need to go through that dialup connection that is slow and monitored to communicate with the other person or persons bank.

Now let’s say the bank makes a deal that they are going to start using/allowing USDC. Let’s say they make a deal with XRP to also allow its customers access to use that as well. Partnerships that people see and are excited about.

But the communication bank to bank or bank to persons bank still has to happen. Right?

So let’s take AOL dialup out and give the bank an upgrade.

Instead of the dialup modem that uses a monitored and metered slow connection through one operator.. let’s put in Starlink. It needs no single phone line and talks to many satellites in case any one goes down.. and it’s FAST..

Upgrading to Starlink didn’t affect anything the bank was doing, customers aren’t going to notice they got a new internet provider unless told, no one paid attention at all. The only thing they noticed was the deposit happened faster and everyone is happy.


This is what has happened to our financial institutions. While people are seeing the collaboration publicly with things like XRP and getting excited..

IBM process the banks with the “modem” to communicate. IBM equipment running on swift was the equivalent of AOL.. the banks got upgraded IBM interfaces for their communication that is no longer going through a single operator and isn’t dependent on one line or server… and didn’t even have to announce the upgrade to consumers.

But the upgrade IBM integrated was a partnership to run on Stellar. A partnership that happened behind the scenes. A standard that now allows communications to go in any direction it needs, directly to a person, or business, or bank, or around any problem node. No choke points of control.

So while the public uses the bank like it always has, while the public gets excited about the bank now using XRP…. Every time a transfer happens, it uses Stellar to send the message and the general public is none the wiser.

Now what happens when THE PEOPLE hold their own account on Stellar?

Banks end up sending direct to you..

What happens when people realize they can skip the bank fee and just send direct?

Adoption.

🚨🤯 Jamie Dimon, CEO of JP Morgan, Just Said It Publicly That Blockchain Will Replace The Current Financial System

What blockchain will be primarily used? He gave the hints:

The blockchain will be fast, cheap, Permissioned or permissionless, and with smart contracts.

JP Morgan has also singled out XRP as Ideal for Banks in its new report.

Aren’t these the exact features of XRPL?
Permissioned domains just went live on XRPL with @DNAOnChain building private identity and credential system for institutions, using zk-privacy.

President Trump called blockchain a 21st century financial system upgrade.

David and Brad have both said it that Ripple will rewire the entire banking and financial system.

Add the Ripple’s 13,000+ banks connections, 90+ countries, banking charter, FED Account, Clarity Act and countless NDA’s waiting to be expired.

The experiment is OVER. They’re preparing the upgrade.

This is it.

Damascus, May 1 (SANA) The Governor of the Central Bank of Syria (CBS), Abdulkader Husrieh, announced on Friday an extension of the currency exchange period by 30 days, from June 1 to June 30, 2026.
Husrieh said the extension is intended to give citizens additional time to complete exchange procedures smoothly and without pressure. He added that currency exchanges will be conducted exclusively through authorized bank branches and in accordance with official terms and conditions to be issued.
He stressed the importance of following official announcements and urged citizens to make use of the extended deadline to ensure the orderly and timely completion of their transactions.
Syria began its currency redenomination process on January 1, 2026. Husrieh said on February 23 that around 35% of old currency had been replaced as part of the ongoing exchange program.
“There is no need for urgency,” he said at the time. “Deadlines will be extended if required to ensure that everyone can complete the exchange comfortably and without pressure.”
He added that the aim is to keep the process simple and accessible, calling on the public to rely on official instructions and follow government updates.

Based on the provided announcement (see link below) dated May 3, 2026, the Central Bank of Iraq (CBI) is utilizing the electronic Central Securities Depository (CSD) system for remitting auction results and BSRS for data submission, signaling a shift toward digital, standardized procedures for auctions, including those for Islamic deposit certificates, which often align with international Islamic finance practices.

These actions suggest an incremental move towards aligning Iraqi financial processes with global electronic standards, aimed at enhancing international acceptance.

© Goldilocks

https://cbi.iq/news/view/3189

‼️ BRICS Currency Will Run On A Neutral Blockchain: Russia’s BRICS Expert Council

BRICS had ZERO problem with the US dollar, until the US & SWIFT weaponized it against them.

They claim that they want a neutral trade currency that can settle between multiple countries without anyone having control over it.

Guess what, a Distributed Ledger Technology has already been piloted between BRICS nations since 2016.
This DLT has a neutral, decentralized currency that can act as a bridge between multiple fiat currencies.

Russia’s BRICS expert council head also says that even UAE is moving in that direction cautiously.
UAE just exited the OPEC group and interestingly that same blockchain she is talking about, also settled the very first off-petrogrid oil transaction between UAE and India on its ledger in 2025.

Can anyone guess which Distributed Ledger Technology or Blockchain they could be talking about?

‼️ BRICS Currency Will Run On A Neutral Blockchain: Russia’s BRICS Expert Council

BRICS had ZERO problem with the US dollar, until the US & SWIFT weaponized it against them.

They claim that they want a neutral trade currency that can settle between multiple countries without anyone having control over it.

Guess what, a Distributed Ledger Technology has already been piloted between BRICS nations since 2016.
This DLT has a neutral, decentralized currency that can act as a bridge between multiple fiat currencies.

Russia’s BRICS expert council head also says that even UAE is moving in that direction cautiously.
UAE just exited the OPEC group and interestingly that same blockchain she is talking about, also settled the very first off-petrogrid oil transaction between UAE and India on its ledger in 2025.

Can anyone guess which Distributed Ledger Technology or Blockchain they could be talking about?