Track market-moving stories before they get noisy

Another Crypto Project Goes Dark as Dango Winds Down

Loopring, one of the earliest projects to bring zero-knowledge rollup technology to Ethereum, has announced the immediate closure of its decentralized exchange and automated market maker (AMM). The decision, shared publicly on June 28, 2026, ends all crypto trading activity on the platform and takes the supporting relayer offline without delay.

The project originated in 2017 from a vision focused on using zero-knowledge proofs to dramatically improve Ethereum’s scalability and reduce costs for trading and payments.

It became the first zkRollup deployed on Ethereum mainnet around 2019–2020 and once supported significant activity.

However, usage has declined sharply in recent years.

According to on-chain data trackers, Loopring’s total value locked fell to roughly $8 million, representing a drop of nearly 99% from its peak above $760 million in late 2021.

In their statement, the team explained that Loopring never achieved broad adoption.

The original design lacked a full virtual machine, which prevented easy composability with other Ethereum applications and limited real-world uses such as seamless payments.

https://t.co/beXdvEBGru

— Loopring💙 (@loopringorg) June 28, 2026

The core contributors described themselves primarily as engineers rather than business developers, noting they struggled to build the partnerships and marketing needed for wider growth.

Additional pressures, including the delisting of the project’s native LRC token from major centralized exchanges in 2026, hastened the outcome.

Newer zkEVM-based rollups, which offer full compatibility with Ethereum smart contracts, have also rendered Loopring’s specialized architecture increasingly outdated.

Rather than continue operating a service with minimal activity, the team chose to conclude operations in an orderly manner.

This marks the latest step in a gradual wind-down. Loopring had already discontinued its smart wallet services in mid-2025.

User funds held on the Loopring Layer 2 remain secure, the team confirmed.

To simplify the process, the project will handle asset distribution directly instead of requiring users to perform self-custody exits via Merkle proofs.

In the coming days, a complete list of final balances—including spot holdings in ETH and ERC-20 tokens plus liquidity positions that will be automatically converted—will be published and linked from the project’s X account.

Users will have a two-week review window to check their figures and report any discrepancies.

After the review period, the team will upgrade the relevant smart contract to enable batch withdrawals controlled by whitelisted addresses.

Funds valued at $10 or more will then be sent in batches directly to users’ Ethereum Layer 1 wallets.

The crypto focused project will cover all gas fees associated with these transfers. Balances below the $10 threshold will be excluded to keep the process manageable.

The entire distribution is expected to wrap up within a few weeks once it begins.

Support inquiries can be directed to [email protected] once the balance list appears.

The closure underscores the intense competition in Ethereum’s Layer 2 landscape, where projects offering greater flexibility and developer tooling have gained stronger traction. Loopring expressed gratitude to its users and hope that the zero-knowledge advancements it helped enable during the early days will now continue to benefit the crypto ecosystem through other initiatives.

The Loopring team closed its decentralized exchange due to poor adoption, obsolescence, and operational issues. The team will return all user funds directly to their Ethereum wallets and cover all gas fees during the distribution process. Loopring officially shut down its decentralized exchange, marking the end of one of Ethereum’s earliest zk-rollup platforms. All trading functionalities were immediately stopped, and the relayer was turned off right after the official announcement made via Loopring’s X account.

The shutdown ends a project that once demonstrated how zero-knowledge rollups could efficiently scale Ethereum. Loopring raised $45 million through its initial coin offering in 2017.

Despite its technical merits, Loopring acknowledged that users never adopted the platform on a meaningful scale. The team pointed out that the lack of a virtual machine on the platform did not allow developers to compose and develop more advanced real-world applications. Without payment use cases and an evolving ecosystem, Loopring found it difficult to compete with new infrastructure built for blockchain technology.

                                        Source: X Article

Additionally, Loopring admitted it was good at the software but failed to build the business acumen needed to drive adoption. Furthermore, it mentioned that the delisting of the LRC token throughout 2026 only worsened the problems.

New zkEVM Networks Outperformed Loopring’s Technology Finally, the development team admitted that modern zkEVM-based networks were able to surpass its proprietary technology. New projects such as zkSync, Scroll, and StarkNet created Ethereum-based environments that allowed deploying smart contracts more easily and developing a decentralized applications ecosystem.

The team admitted that it simply did not make sense anymore to continue working on Loopring. This is why the exchange was closed down in an orderly fashion. The project had earlier ended wallet services in July 2025 owing to scaling issues. The latest update marks Loopring’s eventual exit from the original decentralized exchange business.

Direct Distribution of Assets by Team The Loopring team made assurances that all user funds are still safe despite the imminent closure. Final balances will be computed, an inventory of assets provided, and two weeks allocated to check balances before any distribution can take place.

Distributions will follow after the two-week period, whereby the Loopring team will distribute assets directly to the wallets in batches. The team will automatically convert liquidity pool holdings to the respective token, take care of all gas fees, and undertake the whole process without the need for Merkle proofs.

Highlighted Crypto News:

$3M Exploit Hits Polymarket: Users to Receive Full Refunds After Third-Party Breach

I specialize in Web3 and crypto writing, producing clear, research-driven content on blockchain, cryptocurrencies, and market trends.

Loopring announced that it has shut down its decentralized exchange (DEX) services, with its relayer going offline immediately after the announcement on Sunday.

Though widely recognized as the first zkRollup project on Ethereum, the project said in an X article that it never gained measurable traction.

"As the first zkRollup, we lacked a virtual machine — no composability, no real‑world payment use cases," the team wrote. "That limitation kept our ecosystem from growing."

Loopring also said its zkEVM architecture had been outpaced by modern solutions that are fully compatible with Ethereum smart contracts. The lack of business development and external pressures, including the major exchange delistings of its native token LRC, also contributed to the decision, the team said.

Direct refunds Loopring noted that it will return users' assets directly and cover all transaction costs, instead of requiring users to generate and submit Merkle proofs. The team said the approach would be the "fairest and most hassle-free" way for users.

In the coming days, Loopring said it will publish a full list of users' final balances on Layer 2, including spot balances and AMM positions. Following a two-week review period of the list, the team plans to then upgrade the Loopring DEX smart contract to only allow team-controlled, whitelisted addresses to transfer assets out of the Layer 2.

The closure of Loopring's DEX comes roughly a year after the project sunsetted its DeFi products, including Dual Investment and Portal, saying it would instead focus on improving the Layer 2 network. Loopring had announced the closure of its wallet service earlier that year. Loopring's CEO, Steve Guo, also stepped down in August 2025.

The price of LRC fell 4.24% in the past 24 hours to trade at $0.012 as of 2:45 a.m. ET on Monday, according to The Block's Loopring price page.

"Loopring was born from a pure cypherpunk vision — we were coders who believed that zero‑knowledge proofs could scale Ethereum," Loopring wrote. "Rather than running a hollow service, we choose to end it gracefully." 

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Key Highlights Table of Contents

Key HighlightsThe Journey From Promise to ClosureMajor Exchange Removals and Executive DeparturesCentralized Withdrawal Process Raises QuestionsReflects Wider 2026 Industry Contraction Loopring, a pioneering zk-rollup solution on Ethereum, has permanently discontinued its decentralized exchange platform The protocol’s developers acknowledged insufficient user adoption, weak marketing capabilities, and competition from advanced zkEVM platforms Platform TVL plummeted 99% from a November 2021 peak of $760 million to approximately $8 million LRC token value crashed from $3.75 at its zenith to roughly $0.01 Withdrawal of user assets will occur through a centralized batch system managed by the team, replacing the original trustless withdrawal feature Loopring, recognized as Ethereum’s pioneering zero-knowledge rollup solution, has permanently discontinued operations of its decentralized exchange and automated market maker platform. The development team made the announcement via X, immediately suspending all trading activity and deactivating the relayer infrastructure.

🚨ETHEREUM zkROLLUP PIONEER LOOPRING IS SHUTTING DOWN ITS DEX

Once worth over $5 BILLION, Loopring is shutting down the DEX that helped pioneer Ethereum's zkRollup revolution.

The team says newer zkEVM technology has made its architecture obsolete, marking the end of one of… pic.twitter.com/pNFzpSsdpV

— Coin Bureau (@coinbureau) June 29, 2026

According to the team’s statement, three primary factors drove the decision: the platform’s inability to achieve substantial user adoption, deficiencies in business development expertise, and obsolescence caused by emerging zkEVM innovations.

“To be honest, Loopring never gained meaningful adoption,” the team wrote.

The Journey From Promise to Closure The protocol secured $45 million through a 2017 token offering and demonstrated the viability of scaling Ethereum using zero-knowledge rollup technology. This foundational work influenced the development of subsequent projects including zkSync, Scroll, and StarkNet.

Loopring’s most significant breakthrough arrived in 2021 when GameStop selected it to support the company’s NFT marketplace initiative. This collaboration brought substantial mainstream visibility to the protocol.

However, the momentum proved unsustainable. The platform’s total value locked reached its apex near $760 million in November 2021, only to decline approximately 99% to current levels around $8 million.

The LRC token mirrored this trajectory, collapsing from its record high of $3.75 to current trading levels near $0.01.

Major Exchange Removals and Executive Departures External developments compounded the platform’s struggles. South Korean exchange Upbit removed LRC from its listings in early 2026, referencing questions about operational transparency and project viability. Binance implemented a similar delisting several weeks thereafter.

Reports indicate the project’s chief executive officer departed in August 2025. Prior to this, Loopring had already terminated its consumer wallet service in July 2025.

Centralized Withdrawal Process Raises Questions A particularly notable aspect of the shutdown involves modifications to the withdrawal mechanism. Loopring is implementing a smart contract upgrade that limits withdrawals exclusively to team-controlled whitelisted addresses.

This change eliminates the original trustless withdrawal capability — a fundamental security component that previously enabled users to extract funds directly from Ethereum without team intermediation.

The development team characterizes this approach as more accessible for users, eliminating the technical requirements of generating cryptographic proofs. The statement candidly acknowledges the method is “more centralized than the original self-custody exit mechanism.”

User accounts with terminal balances under $10 will receive no distribution whatsoever.

Reflects Wider 2026 Industry Contraction Loopring’s discontinuation represents part of a larger pattern. According to RootData, over 60 cryptocurrency projects have ceased operations during 2026, as an intensifying bear market eliminates user bases and revenue streams for smaller development teams.

Additional 2026 closures encompass a16z-backed Entropy and infrastructure platform Syndicate.

The team has committed to publishing a comprehensive final balance roster, establishing a two-week dispute resolution period for discrepancies, then executing batch distributions to users’ Ethereum addresses while absorbing transaction fees.

Users are advised to verify their listed balances thoroughly and remain aware of the $10 minimum eligibility requirement for fund recovery.

Loopring, an early pioneer of zero-knowledge proof-based scaling solutions on Ethereum, has announced the permanent closure of its decentralized exchange. The project’s transaction relaying infrastructure has been disabled, with the team stating that its current architecture is unable to compete with the new generation of Ethereum Virtual Machine (EVM)-compatible layer 2 networks.

Architecture losing ground in the raceAlthough Loopring was among the first to implement a zkRollup solution for Ethereum, the team acknowledged it could not drive meaningful adoption. The protocol’s lack of EVM compatibility restricted the development of diverse decentralized finance (DeFi) applications and payment solutions. As developers increasingly favored EVM-compatible layer 2s, Loopring’s ecosystem suffered from limited liquidity and stunted growth.

Mini glossary: EVM compatibility means a blockchain network can run smart contracts written for Ethereum with minimal changes. zkEVM combines this capability with zero-knowledge proof security in a layer 2 solution.

According to the project, the Ethereum scaling landscape has evolved significantly in recent years. The latest solutions now offer both zero-knowledge proof security and EVM compatibility, enabling developers to deploy applications without the need to rewrite existing codebases. This shift has made standalone zkRollup platforms, which require a separate development environment, increasingly uncompetitive.

The Loopring team emphasized that the lack of EVM compatibility limited the growth of DeFi applications and payment solutions on its platform, prompting developers to migrate to EVM-compatible layer 2 networks.

Internal challenges and LRC impactIn addition to technical constraints, internal shortcomings also played a role in Loopring’s decline. While the project described itself as technically strong, it admitted lacking the business development capabilities necessary to boost adoption. The delisting of its native token LRC from top cryptocurrency exchanges in 2026 further exacerbated these challenges.

Following the shutdown announcement, LRC traded at around $0.01228. The token declined 2.95% over 24 hours, with its market capitalization hovering near $16.8 million. This price movement suggests investors are monitoring the development, but there was no immediate severe market reaction.

User balances to be returned automaticallyLoopring has announced a fully automated refund process for user funds. The team confirmed that users will not need to generate Merkle proofs or initiate separate withdrawal actions to retrieve their layer 2 balances.

Once the calculations—including adjustments for liquidity pool balances—are finalized, distribution details will be publicly shared. Balances over $10 will be transferred, without fees, directly to users’ associated layer 1 wallets.

Transformation in the layer 2 marketLoopring’s exit marks a new stage in the evolution of zkRollup-based scaling on Ethereum, moving from an experimental phase to one dominated by interoperable zkEVM chains. This transition highlights that technical innovation alone is not sufficient; developer engagement, ecosystem size, liquidity, and viable business models are also critical for success.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

The A-share semiconductor equipment sector strengthened in the afternoon session, with multiple stocks rising sharply.

China's A-share semiconductor equipment sector rallied again in the afternoon. As of press time, Huahai Qingke and Jingyi Equipment surged more than 11%, Jinhaitong and Huaya Smart had earlier hit their daily limit, while stocks such as Huafeng Measurement & Control and Core Source Micro rose in tandem. (Jinshi)

2 minutes ago

Serenity: The decade from 2020 to 2030 may be the fastest period of technological progress in human history.

Serenity stated in a report that the decade from 2020 to 2030 is poised to be the fastest period of technological advancement in human history. Reusable rockets are driving rapid development of orbital computing infrastructure, with firms like Rocket Lab and SpaceX continuously enhancing their launch capabilities; Anthropic and OpenAI are advancing artificial intelligence (AI) toward general artificial intelligence (AGI) and even more advanced stages. Humanoid robots from companies including Boston Dynamics and Unitree are making steady progress, and are expected to gradually replace some labor tasks. Additionally, high-energy laser technology is expanding from the defense sector to AI data centers, autonomous driving technologies from Waymo and Tesla continue to be deployed commercially, and quantum computing is also expected to achieve breakthroughs by the end of this decade. Multiple cutting-edge technologies are advancing toward industrialization in parallel, making the current period a highly historically significant investment cycle.

2 minutes ago

South Korea plans to invest 800 trillion won to build four semiconductor plants, with Samsung and SK Hynix each constructing two new plants.

South Korean government announced plans to construct four chip plants in the country's southwest, with an investment of approximately 800 trillion won. Samsung Electronics will build two new semiconductor factories, while SK Hynix will add two new plants. Over the next 15 years, investment in the chip sector is projected to reach at least 30 trillion won, covering areas including next-generation memory, edge artificial intelligence (AI), and defense. Source: Jinshi

2 minutes ago

Zcash Co-founder: Development Team to Map Project Direction in Coming Weeks, Aims to "Break Through All Centralized Barriers"

Zcash co-founder and ZODL founder Josh Swihart published a project weekly report, noting that the Zcash development team will jointly map out the project’s future direction in the coming weeks, with a core goal of “Breach all gates” — an initiative to further reduce user reliance on centralized intermediaries and strengthen privacy and self-sovereignty capabilities. On the development front, ZODL Mobile has launched version v3.7.0, adding features including multi-server transaction broadcasting, Android security hardening, and Maya DEX aggregate trading, while prototype development for macOS has kicked off. In core R&D, the team released Zallet 0.1.0-alpha.4, integrating the Zebra state backend, updating RPC interfaces, and rolling out multiple infrastructure optimizations. Work on the NU6.3 upgrade, Ironwood migration, and formal verification efforts is also ongoing.

2 minutes ago

Grayscale: Bitcoin bear market has two evolution paths, still bullish on crypto assets in the long term.

According to Grayscale’s latest research report, Bitcoin has pulled back more than 50% from its October 2025 peak of roughly $125,000, dropping below $60,000. The report frames this decline as a cyclical correction within Bitcoin’s long-term uptrend, not a reversal of its long-term trajectory. Grayscale notes that Bitcoin’s recent downward pressure stems from multiple factors: expectations of a hawkish shift in Federal Reserve policy, uncertainty over the legislative prospects of the CLARITY Act, balance sheet strains at crypto firm Strategy, and investor concerns about potential security risks from quantum computing. Notably, after U.S. President Donald Trump nominated hawkish Kevin Warsh as Fed Chair, markets have shifted from pricing in interest rate cuts to expecting hikes this year—undermining Bitcoin’s investment thesis as an asset hedging against currency devaluation. Two core scenarios shape Bitcoin’s outlook: In the baseline case, if the CLARITY Act passes the Senate smoothly, Strategy improves its balance sheet, and the Fed pauses rate hikes, Bitcoin may have neared the bottom of this cycle. In the pessimistic scenario, if the bill fails to pass this year, digital asset firms continue deleveraging, and stubborn inflation forces the Fed to raise rates, Bitcoin prices could fall further. Still, given this bull run has been relatively moderate and institutional demand is more solid, this pullback is not expected to replicate the roughly 80% peak-to-trough decline seen in historical cycles. Grayscale added that it remains bullish on the long-term growth prospects of public blockchains and digital assets over the next decade.

2 minutes ago

AI trading agent Insiders.bot, built on data from 1.6 million Polymarket traders, has officially launched.

According to official announcements, AI trading agent Insiders.bot has officially launched. Per details from the project team and co-founders Daksh Joshi and Ryan Chi, the agent was trained on historical data of roughly 1.6 million Polymarket traders, and rolled out alongside its v1.3 signal system after completing a one-week public beta test with 1,000 new users. Insiders.bot covers over 300,000 prediction markets on Polymarket, delivering users trading research, position allocation, copy trading, and cross-market arbitrage opportunity analysis via natural language, while also tracking "smart money" flows. Official data shows its intelligent signal system has an average win rate of 83%. Additionally, the Insiders.bot team stated the agent successfully predicted multiple World Cup match outcomes, including results for Norway, Japan, Germany, Australia, and France, and accurately foresaw Spain’s failure to win its match against Cape Verde, plus a draw between Portugal and Colombia.

2 minutes ago

Ethereum’s first zero-knowledge rollup, Loopring, announced Sunday the closure of its decentralized exchange and automated market maker, ending all trading services and halting the relayer effective immediately.

In a post on X on Sunday, the team cited three main reasons for the closure: its failure to gain meaningful adoption, a lack of business development skills and being technologically surpassed by modern zkEVM solutions.

“To be honest, Loopring never gained meaningful adoption,” the team said. “As the first zk-rollup, we lacked a virtual machine – no composability, no real‑world payment use cases. That limitation kept our ecosystem from growing.”

Loopring was a technical pioneer of its time, raising $45 million in a 2017 initial coin offering and helping to prove that scaling Ethereum via zk-rollups was viable. But technology evolves fast in the crypto industry, and it was ultimately surpassed by the more capable successors it helped inspire, such as zkSync, Scroll and StarkNet.

The team said they are “engineers at heart,” not business operators, excelling at writing code but never developing the “passion or skills for business development.”

“External pressures – including major exchange delistings of LRC in 2026 – only accelerated the inevitable,” they said. 

The team added that pressure from more advanced competitors, which are fully compatible with Ethereum smart contracts, “while our specialised architecture now feels obsolete,” compounded the decision to gracefully end it, “rather than running a hollow service.”

Loopring had already shut down its wallet services in July 2025, citing scaling challenges. 

With the DEX closure, the team said it will be calculating and publishing all final user balances, then distributing funds directly to users' Ethereum wallets in batches and covering gas fees. 

Loopring's total value locked is about $8 million, down almost 99% from the $760 million peak in November 2021, according to L2Beat. Its native token, LRC, has collapsed by a similar amount to $0.01 from its all-time high in the same month of $3.75. 

Loopring's total value locked has collapsed over the past five years. Source: L2Beat

One of Loopring’s biggest milestones was a 2021 partnership with GameStop to power its NFT platform, launched the following year. 

Crypto winter bites deep this yearThe demise of Loopring adds to the growing list of crypto closures this year, as the bear market deepens and previous-cycle narratives no longer apply. 

More than 60 crypto projects and protocols have already shuttered services in 2026, according to RootData. Some of the more notable ones include a16z-backed decentralized self-custody solution Entropy, app-chain infrastructure protocol Syndicate and AI blockchain platform Yupp.

Magazine: Bitcoin slides to $58K, XRP hits $1 but onchain data promising: Market Moves

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Chainlink has announced that it now offers price reference data for more than 25 trading pairs. These kinds of feeds are vital for decentralized finance applications.

As of today, Chainlink’s list includes data on 16 Ethereum trading pairs and nine USD trading pairs. Notable trading pairs include ETH/USD, BTC/USD, and EUR/USD.

So far, three sites have integrated Chainlink’s data. Synthetix, an asset backing platform, is supporting USD trading pairs. Meanwhile, the lending platform Aave is supporting ETH pairs. Loopring has also added support for one pair in each category.

This development marks a significant expansion for Chainlink: until recently, the platform only offered price data for seven trading pairs.

Now, Chainlink’s data collection is the largest of its type, according to the project itself.

Advertisement

How It Works Unlike CoinMarketCap and other market aggregators, Chainlink does not gather its data from exchanges. Instead, it gathers data from independent node operators.

These node operators are given incentives to provide accurate data. They also undergo security reviews and are resistant to Sybil attacks that could disrupt reporting.

This means that the data can be audited and verified for accuracy and integrity. It is possible to do so simply by visiting the project’s website.

In the image below, Chainlink shows which data sources are online and displays the time of the next update. Ethereum’s average price is shown in the center:

Via Chainlink The Importance of Oracles As Chainlink has noted, decentralized finance (DeFi) services require reliable access to market data in order to execute transactions and to swap assets.

Though some DeFi services can make use of basic on-chain data, that option is not practical for the vast majority of services. “Obtaining the most reliable price for an asset requires aggregation from multiple off-chain data sources,” Chainlink explains.

That is precisely the role that Chainlink provides as an oracle provider, along with other comparable platforms such as Aeternity and Band Protocol.

Of course, the fact that oracles require strict data handling means that they are not comprehensive. Though Chainlink may be the largest oracle platform, it offers far less data than market aggregators, which track price data for thousands of assets.

However, as demand for DeFi grows, it is likely that demand for oracles will grow along with it — and Chainlink is by far the top-performing project in its category.

Disclosure: This article was edited by Mike Dalton. For more information on how we create and review content, see our Editorial Policy.

Loopring is currently in an uptrend after bouncing from its multi-month support. Investors are keen to see how far this rise can sustain itself and move higher in the coming weeks. Let’s find that out in detail in this Loopring price prediction.

Since its launch, Loopring (LRC) has seen an all-time high of $3.83, followed by a 96.98% drop in price. At the time of writing, it is now trading at $0.1153, which is around a 65.8% decrease from its price of $0.3347, which was recorded four months ago in December 2024.

LRC 1d chart | Source: crypto.news\ In this article, we’ll discuss Loopring price prediction by giving you its short-term and long-term price forecasts and exploring whether this token can continue its bullish run.

The Ethereum-based cryptocurrency token of Loopring, an open protocol created to create decentralized cryptocurrency exchanges, is called LRC.

The stated objective of Loopring is to create a hybridized product that combines the greatest features of both centralized and decentralized exchanges by combining centralized order matching with decentralized on-blockchain order settlement.

How does Loopring work? Loopring’s primary concept is to integrate aspects of decentralized and centralized cryptocurrency exchanges to produce a protocol that will benefit from each of its own advantages and get rid of inefficiencies.

Currently, the primary way that cryptocurrency trading services operate is through centralized exchanges.  Although centralized exchanges are very popular and handy, there are some risks associated with using them, the main one being their custodial nature.  

User funds are at danger of being lost whole or in part as a result of prospective cyber attacks, hostile actors within the exchange, or regulatory action because these exchanges keep their money for them between the sites of deposit and withdrawal.

Lack of transparency is another significant issue with centralized exchanges. Since trades are kept in the exchange’s internal records rather than being settled on the blockchain, the exchange can manipulate prices and use user funds for illegal purposes while they are in custody.

A new kind of trading facility called a decentralized crypto exchange (DEX) has surfaced in recent years in an attempt to solve these issues.  It facilitates direct connections between buy and sell orders and settles trades on a public blockchain rather than retaining customer funds in custody and handling deals internally.

Now let’s discuss LRC price prediction for this year and in the coming years as well. 

Loopring price prediction What can be a realistic projection for the LRC token? Let’s dive into the LRC price prediction for 2025 and 2030.

Loopring coin price prediction: short-term outlook According to CoinCodex’s Loopring price prediction for the near future, the token is projected to drop by -7.95% and reach $0.104613 by June 12, 2025.

As of May. 13th, 2025, the overall sentiment of the LRC price outlook has turned slightly bullish, with 15 technical analysis indicators showing bullish signals, 10 indicating bearish trends, and 9 indicators showing neutral forecasts.

Loopring price prediction 2025 For the remaining months of 2025, DigitalCoinPrice predicts that the LRC token’s price could fluctuate between $0.10 and $0.25, and may likely hold a yearly average of $0.23.

CoinCodex projects that the LRC token can trade in the price channel of $0.103878 and $0.188189 in 2025.

While the general sentiment in the financial markets is that 2025 will be the year of the bull, it is important to understand that this prediction also has a chance of being wrong. BTC has already breached the $100k mark, and there is a possibility that it may be at the top of this bull cycle. Hence, it is advised to do your research before investing in LRC or any other cryptocurrency with the hopes of gaining on your investment in 2025.

Loopring price prediction 2030 As per CoinCodex’s Loopring crypto price prediction for 2030, LRC’s price could vary between $0.03014 and $0.33019.

DigitalCoinPrice expects that LRC’s price could climb to $0.55 or $0.62 by the end of 2030. 

Changelly predicts that by 2030, the LRC token could range between $0.650 and $1.10.

Before trusting any source that is trying to predict the LRC price prediction for 2030, you should understand that it is a cryptocurrency and, like all other tokens, the LRC  token’s price can be highly volatile. 

2030 is five years away, and many cryptocurrencies can become obsolete in that time. This is why it is hard to give a realistic price prediction for any token, including LRC. A great way for LRC to survive these five years and continue its ascent in the crypto market is to continue building its blockchain technology and partner with key players in the digital crypto space. You should research and keep yourself updated with the latest developments in the upcoming years to make an informed investment decision in the LRC token.

Is Loopring a good investment? Before investing in any cryptocurrency, including LRC, please identify and understand the inherent risks that can come due to market volatility. Also, it should be noted that the sentiment in the cryptocurrency market changes quickly, and a token that was once considered the future may also be delisted from major exchanges. Hence, it is advisable to do your research on the token’s fundamentals before having any price expectations for the future of the LRC token. 

Will Loopring go up or down? Cryptocurrencies in general experience rapid price swings that are directly driven by market sentiments, community engagement, events like token burns, and so on. 

While it is hard to determine how high the LRC token will go, it is important to look out for potential buying factors that may include new partnerships, increased token holders, or viral campaigns in general.  

It is also vital that you rely on financial experts and consult them for Loopring price prediction, but even after all that, you should remain cautious, as no one can accurately predict how high or low LRC can go. 

Should I invest in Loopring? Before investing in any cryptocurrency or trusting any Loopring price forecast, please identify and understand the inherent risks that can come due to market volatility. Also, it should be noted that cryptocurrencies in general are a highly speculative investment, and their success not only relies on market volatility but also on the constant and sustainable growth of their community. Hence, it is advisable to do your research on the token’s fundamentals, which may very well decide the future of the LRC token. 

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

If you’re a crypto enthusiast and are looking for an easy way to generate passive income, staking your USDT could be your answer with Loopring. You could enjoy steady, passive income, without the worry of price fluctuations. In this article, I will explain everything you need to know about USDT staking, why Loopring’s AI-powered staking platform is a game-changer, and how you can start earning with it.

Staking your USDT is a low-risk way to increase your crypto with limited concern of a price drop (and craziness). Staking is a great way to quickly earn passive income and is an excellent tool for crypto enthusiasts looking for a capped growth strategy. In addition, staking stablecoins like USDT requires no specification on your institutional risk tolerance. However, it is still important to choose a staking platform that will provide good rates. Always do your research on these platforms to verify their safety and security before instead.

Staking USDT with Loopring 2025: With crypto maturing faster than anyone thought possible, 2025 will be a pivotal year in crypto, particularly in the DeFi (decentralized finance) space. Staking stablecoins like USDT

Low Risk with High Returns: Since USDT is pegged to the dollar, you don’t have to worry as much regarding price crashes for the sake of proportionate returns. Loopring offers fixed returns; for example, 5-12% APY (depending on the platform’s terms) is a consistent way to create passive income. AI Driven Performance: Loopring employs artificial intelligence to track the market for you, to ensure you are maximizing your staking opportunity, so your USDT is always working as hard as possible for you. User Friendly for All Types of Users: Unlike other platforms that require cryptocurrency knowledge or a degree in tech, Loopring has a straightforward user interface that is easy for all users to stake. Additionally, with the crypto sector buzzing in 2025, players like Loopring are bringing DeFi truly into the ecosystem with their technology and customer orientated focus.

Staking USDT using Loopring: A Step-by-Step Guide  So you want to get started? Staking USDT using Loopring is as easy as ordering your favorite coffee! Here’s how you can do it:

Advertisement

Get Some USDT: If you don’t have USDT already, you can purchase some on a reputable exchange like Binance, Kraken, or Coinbase. You can choose fiat (USD) via bank transfer, credit card, or some platforms even let you use Apple Pay. Set Up a Web3 wallet: You will need a wallet like MetaMask or Trust Wallet to interact with the Loopring’s smart contract. Download either wallet, set it up, and send USDT to it. Make sure you keep your private keys safe; think of them as the keys to your crypto house! Connect to Loopring: Visit the Loopring website (make sure it is the correct website so that no one scams you). Connect your wallet by pressing the “Connect Wallet” button. It’s just like logging into your favorite app, just in the crypto world! Choose Your Staking Plan: Loopring offers flexible or fixed staking options. Flexible lets you withdraw anytime, while fixed plans (e.g., 30 or 90 days) often give higher returns. Pick what suits your goals. Stake Your USDT: Enter the amount of USDT you want to stake, confirm the transaction, and pay a small gas fee (Loopring operates on Ethereum or compatible chains, so fees are low thanks to Layer 2 tech). The AI will handle the rest, allocating your funds to the best pools. Watch Your Earnings Grow: Sit back and relax! You’ll see your rewards roll in, either weekly or monthly, depending on the plan. You can track everything on Loopring’s dashboard. That’s it! You’re now earning passive income like a crypto pro.

Plans and Pricing Loopring’s AI-powered automated staking platform offers six USDT staking plans tailored to different investment levels. Whether you’re just starting out or ready to go big, there’s something for everyone. Below, you can explore the plans and pricing of Loopring’s USDT staking platform:

Caption 12.50% Daily Profit: Invest 15 to 100 USDT—great for beginners testing the waters.

13.50% Daily Profit: Stake 100 to 800 USDT to step up your earnings.

14.50% Daily Profit: For 800 to 3,000 USDT, enjoy a solid return.

16.00% Daily Profit: Invest 3,000 to 10,000 USDT for even higher rewards.

17.50% Daily Profit: Stake 10,000 to 30,000 USDT and watch your income grow.

20.00% Daily Profit: Go big with 30,000+ USDT and maximize your returns.

Risks to Consider No investment is ever 100% risk-free, and staking USDT is no different. But don’t worry; Loopring was designed to limit those risks to the greatest extent possible. Keep in mind the following:

Smart Contract Risks: The best smart contracts can still have bugs in them. Loopring staking platform utilizes an automated smart contract for staking, which is innovative, but it is still risky. Even audited contracts can have bugs or exploits, and if a hacker finds a bug and exploits that, they can drain the funds, including potentially any USDT you contributed. Platform Reliability: As a DeFi platform, Loopring has no central authority to lean on if anything goes wrong while you’re staking. You should only ever use platforms that have robust reviews and stay away from anything that feels “too good to be true.” Regulatory Changes: Stablecoins such as USDT have always come under regulatory scrutiny. Loopring operates decentralized (which is why you’re staking through Loopring), but just be mindful of news regarding the reserves that Tether is holding, or local news on regulations of cryptocurrencies in your area. If you stake with a trusted platform such as Loopring, and you utilize basic security (like a secure wallet), you can keep the main risks to a minimum.

That’s it! You’re now earning passive income like a crypto pro. Click here to enter the platform

Disclosure: This is sponsored content. It does not represent Crypto Briefing's editorial views. For more information, see our Editorial Policy.

Loopring CEO Steve Guo announces his resignation via Medium, stating he is leaving the project to spend more time with his family. How has the community reacted?

Summary

Loopring CEO Steve Guo leaves the project at the end of August 2025 to spend more time with his family. Some traders speculated on Guo’s existence when they were disappointed by the sunset of its smart wallet feature. After Guo left the project, the price of LRC surged by 9.1% before gradually dipping. In a recent Medium blogpost titled “Time to Say Goodbye,” Loopring’s (LRC) Steve Guo announced that he is stepping down from CEO as of August 2025. He cited his need to spend more time with his family as the reason behind the abrupt departure.

“It’s never easy to say goodbye, especially to a project I’ve poured so much heart and energy into, but the time has come to move forward,” said Guo.

Loopring is known in the crypto community as an open-source Layer 2 protocol that supports decentralized exchanges and payment systems on the Ethereum (ETH) network. The project became the first to deploy zk Rollup technology to scale ETH.

In his letter to the community, he addresses the highs and lows that the project has experienced while he was at the helm. He claimed that the project was able to build a DeFi-powered ecosystem on top of the existing foundation, with the addition of native features like dual investment, block trade, and portal.

On the other hand, one of the project’s major investments ended up becoming a double-edged sword when it announced that it would be ceasing operations for its Smart Wallet segment. Back in late June this year, the protocol shut down support for its wallet interface, prompting lots of ire from the community.

Questions about Loopring CEO’s existence After the project ceased wallet operations, many traders took to posting their complaints on X. In fact, some even speculated on the existence of Steve Guo as the project’s CEO. One trader questioned whether Guo was really the person running the protocol.

“I have never heard a word out of Steve Guo. Who even know if the guy exists. Who the hell runs Loopring is the question?” said the trader.

“Rats fleeing the ship, Steve Guo the fake CEO who did nothing but rot the protocol to the ground while Wang drained Loopring. The gaslighting has been unbelievable,” said another trader back in June 2025.

At press time, the community appears to have not caught wind on Guo’s resignation as most posts date back to when the protocol had just announced the end of its smart wallet feature. However, the online sentiment surrounding Guo seems to be that of a “fake CEO” and a “JPEG” image of him.

Not only that, the official account for Loopring has yet to announce Guo’s official resignation on its page.

LRC price surges 9% after CEO steps down Following Guo’s departure from the protocol, instead of a price dip LRC seems to have risen in value by 9.1%. At press time, it is trading at around $0.09945. This is a sharp contrast compared to when other leadership figures in the crypto community, like the departure of Story Protocol (IP) co-founder Jason Zhao in mid-August, led to their project’s token slipping.

However, the sudden rise gave way to an eventual correction in the cycle by the beginning of September. The token experienced a sharp spike in price toward $0.115 before quickly retracing to the $0.099–$0.100 range. This surge suggests that traders initially reacted to the news with speculative buying, possibly fueled by uncertainty and expectations of new leadership potentially reshaping the project’s direction.

The retracement highlights profit-taking and market caution as investors reassess fundamentals after Steve Guo’s announcement.

Price chart for Loopring’s token along with 30-day Moving Average and RSI | Source: TradingView LRC’s Relative Strength Index and Moving Average reflected volatility in the charts. The RSI spiked into near-overbought conditions during the rally but has since cooled to around 47, showing that bullish momentum has fizzled out and the asset has moved into neutral territory.

Meanwhile, the price has just slipped below the 30-period moving average of around $0.1005, which indicates the possibility of a potential short-term bearish crossover if the level fails to hold as support.

Loopring (LRC) Under Pressure After Failed Breakout Attempt

Upbit will remove Loopring (LRC) from its platform.

13.02.2026 - 06:06

Update: 13.02.2026 - 06:06

Upbit, one of South Korea’s leading cryptocurrency exchanges, has announced it will end support for trading the Loopring (LRC) token. According to the official statement, the exchange will cease LRC trading on March 16th.

As a result of this decision, trading support for Loopring on the Upbit platform will be completely terminated. Such delisting decisions are generally made based on the liquidity of the asset, developments on the project side, regulatory requirements, and the exchange’s user protection policies. Upbit’s statement did not provide details regarding the reasoning behind the decision.

With the delisting process underway, users are advised to review their open orders before the trading support ends and take necessary steps to mitigate potential risks. Furthermore, since the asset will no longer be tradable on the exchange after trading support ceases, investors are expected to consider withdrawal options to manage their assets.

Loopring stands out as a project running on Ethereum, particularly known for its Layer-2 scaling solutions. However, recent increased volatility in the cryptocurrency markets and tightening listing standards by exchanges are raising the risk of delisting for many altcoins.

Upbit’s decision to discontinue Loopring is noteworthy because it coincides with a period of increased regulation of the cryptocurrency market in South Korea and an acceleration of risk management measures by exchanges.

Users are advised to follow Upbit’s official announcements until March 16th to stay updated on the process.

*This is not investment advice.

Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!

Bitcoin and altcoins make 'nasty move': 'New lows incoming'

Bitcoin, Ethereum Bleed As 5 Crypto To Buy Standout With 100X Potential

Binance’s Token Purge Sends 8 Altcoins Into Free Fall

Exchange Bitfinex removes 87 pairs and excludes some cryptocurrencies from the platform

Rubio: US and Iran to continue technical consultations at the end of this month

Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)

5 hours ago

Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.

According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.

5 hours ago

Bitcoin falls below $60,000

According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.

5 hours ago

US Treasury Secretary: AI boom may boost productivity and help curb inflation.

US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.

5 hours ago

US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.

According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.

5 hours ago

During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.

According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.

5 hours ago