BitcoinWorld Loopring Wallet Shutdown: Critical News for Users by June 2025 Hey there, crypto enthusiasts! We’ve got some important news impacting users of a popular Ethereum Layer 2 service. Loopring, known for its ZK-rollup technology, recently made an announcement that’s got many people talking. The core message? The Loopring Wallet service is scheduled to shut down. If you’re one of the many who rely on this particular crypto wallet , you’ll want to pay close attention to the details. Loopring confirmed via a post on X (formerly Twitter) that its native smart contract wallet service will be discontinued. The final date for this is set for the end of June 2025. While this might sound alarming at first glance, especially for those holding assets within the wallet, it’s crucial to understand what this means and, perhaps more importantly, what it doesn’t mean for the broader Loopring protocol and the Ethereum L2 ecosystem. Understanding the Loopring Wallet Shutdown Let’s break down the core announcement. The Loopring shutdown specifically targets the Loopring Wallet , which is a smart contract-based mobile wallet designed to interact seamlessly with the Loopring Layer 2 protocol. This wallet offered features like social recovery, daily withdrawal limits, and guardian features, aiming to provide a user-friendly and secure way to access the benefits of Layer 2 scaling on Ethereum. The decision to shut down a service like this is rarely made lightly. While the official communication often focuses on strategic shifts or resource allocation, the reality can involve various factors. It could be due to evolving market conditions, the cost of maintaining and developing the wallet compared to its user base, or a strategic decision to focus resources entirely on the underlying protocol technology rather than the end-user application layer. Without explicit detailed reasons from Loopring, much of the ‘why’ remains open to interpretation within the community. It’s important to distinguish between the Loopring Wallet application and the Loopring protocol itself. The protocol is the underlying infrastructure, the ZK-rollup technology that enables fast, cheap trading and transfers on Ethereum. The wallet was simply one interface for interacting with that protocol. The announcement clearly states the wallet service is shutting down, not the protocol. This distinction is vital for understanding the future of Loopring as a project. What Does the Loopring Wallet Shutdown Mean for You? If you are currently using the Loopring Wallet to store assets or interact with decentralized applications (dApps) on the Loopring Layer 2, this announcement has direct implications for you. The primary concern for users is the safety and accessibility of their funds. By the end of June 2025, the wallet application will cease to be supported and likely become inoperable or unsafe to use. This means you absolutely must take action before that deadline. Leaving assets in the wallet beyond the shutdown date could result in losing access to them, or at the very least, facing significant complications in retrieving them. This situation highlights a key aspect of self-custody in the crypto world: the responsibility lies with the user. While the wallet facilitated access, the underlying assets are on the blockchain, accessible via your private keys or recovery phrases (depending on the wallet type, Loopring Wallet uses a guardian/social recovery model). However, the *interface* provided by the wallet app is necessary for easy interaction. When that interface is removed, you need an alternative method. The good news is you have ample time – over a year – to plan and execute your migration strategy. This isn’t a sudden, overnight closure, giving users a significant window to move their assets safely. Ready to Migrate? Your Action Plan Before June 2025 Migrating your assets from the Loopring Wallet doesn’t have to be a stressful process if you plan ahead. Here’s a simplified guide on the steps you should consider taking: Assess Your Assets: Log into your Loopring Wallet and make a clear list of all the cryptocurrencies and tokens you hold within it. Note the quantities and types of assets. Identify a New Crypto Wallet: This is perhaps the most critical step. You need to choose a new Layer 2 wallet that supports the Loopring network or allows you to access your assets on the Ethereum L2 where they reside. More on finding alternatives below. Understand the Migration Process: Loopring is expected to provide official guidance on the safest and easiest way to migrate assets. Keep an eye on their official communication channels (their website, official social media). Generally, this will involve sending your assets from your Loopring Wallet address to your new wallet address. Perform a Small Test Transaction: Before moving all your funds, send a small amount of a low-value asset to your new wallet address. This confirms you have the address correct and the process works smoothly. Execute the Full Migration: Once you’re confident, transfer the rest of your assets to your new wallet. Double-check the destination address every single time. Secure Your New Wallet: Ensure you have properly backed up your new wallet’s recovery phrase or set up its security features (like hardware wallet integration or strong passwords) according to best practices. Stay Informed: Follow Loopring’s official channels for any updates or specific instructions regarding the shutdown process. Remember the deadline: end of June 2025. Don’t wait until the last minute! Starting this process sooner rather than later will give you peace of mind. Looking Beyond Loopring: Exploring Layer 2 Wallet Options The need to find a new wallet presents an opportunity to explore the diverse landscape of Layer 2 wallet options available for interacting with Ethereum L2 networks. Since your assets are on the Loopring L2, your new wallet needs to be compatible with this network. What kind of wallets should you look for? You’ll generally be looking for wallets that support connecting to Layer 2 networks like Loopring. These could include: Other Smart Contract Wallets: While less common than externally owned accounts (EOAs), other smart contract wallets exist that might offer similar features like social recovery. However, ensure they specifically support the Loopring L2. Standard Browser Extension/Mobile Wallets (like MetaMask, WalletConnect-compatible wallets): Many popular wallets that started on Ethereum Layer 1 now have support for connecting to and managing assets on various Layer 2 networks, including Loopring. You would typically add the Loopring network as a custom network or it might be pre-configured. These are often Externally Owned Accounts (EOAs), which function differently from smart contract wallets and rely on a single private key/seed phrase for recovery. Hardware Wallets: For maximum security, consider using a hardware wallet (like Ledger or Trezor) in conjunction with a compatible software interface (like MetaMask or Ledger Live if it supports Loopring L2 interaction) to manage your L2 assets. This keeps your private keys offline. When choosing a new crypto wallet , consider factors like security features (seed phrase storage, hardware wallet compatibility), user interface, supported networks (make sure it supports Loopring L2!), reputation, and community support. Do your own research (DYOR) to find the wallet that best suits your needs and technical comfort level. Is This the End for Loopring? Understanding the Protocol’s Future As mentioned earlier, the Loopring shutdown applies only to the wallet service, not the underlying protocol. The Loopring protocol, a leading Ethereum L2 ZK-rollup, continues to operate and evolve. Its core function is to provide a high-performance, low-cost platform for trading and payments on Ethereum using zero-knowledge proofs. The team’s decision to sunset the wallet likely indicates a strategic pivot towards focusing on the core protocol technology, developer tools, or other areas they believe will drive greater adoption and innovation within the L2 space. This isn’t necessarily a sign of the project failing; it could be a sign of maturity and a focus on its core strengths as a technological layer rather than an end-user application provider. Users and developers can still interact with the Loopring protocol using compatible third-party wallets and interfaces. The network remains active, processing transactions and supporting decentralized exchanges and other applications built on it. The future of Loopring the protocol seems to be centered on its role as vital infrastructure for scaling Ethereum. Benefits and Challenges Looking back, the Loopring Wallet offered significant benefits, primarily by providing a user-friendly gateway to the advantages of Ethereum L2 : incredibly low transaction fees and high transaction speeds compared to Layer 1. Its smart contract features like social recovery were also seen as innovative security measures. However, the challenge now is the disruption caused by the Loopring shutdown . Users face the challenge of migrating assets, which requires technical understanding and careful execution to avoid errors. There’s also the challenge of finding a new crypto wallet that meets their needs and offers similar ease of use or desired features, especially for those accustomed to the specific functionalities of the Loopring Wallet. This situation also highlights a broader challenge in the rapidly evolving crypto landscape: the reliance on specific applications or interfaces. While decentralization is a core tenet, accessing decentralized networks often requires centralized or specific software interfaces, which can be subject to change or discontinuation. Conclusion: A Call to Action for Loopring Wallet Users The announcement of the Loopring Wallet shutting down by the end of June 2025 is a significant piece of news for its users. It necessitates action to ensure the safety and accessibility of your digital assets. While the wallet service is retiring, the underlying Loopring protocol, a key player in the Ethereum L2 space, continues its mission to scale decentralized applications. This transition period, though potentially inconvenient, serves as a crucial reminder of the importance of managing your private keys or recovery methods and staying informed about the services you use. By planning your asset migration now and exploring suitable alternative Layer 2 wallet options, you can navigate this change smoothly and continue to participate confidently in the decentralized future powered by Ethereum’s scaling solutions. Don’t delay! Take the necessary steps today to secure your assets before the June 2025 deadline and transition to a new crypto wallet that supports your needs on the Loopring network or other preferred L2s. To learn more about the latest crypto market trends, explore our article on key developments shaping Ethereum price action. This post Loopring Wallet Shutdown: Critical News for Users by June 2025 first appeared on BitcoinWorld and is written by Editorial Team
Loopring, the Ethereum layer-2 and layer-3 zero-knowledge rollup, has announced it will sunset its wallet operations by the end of June 2025. According to the Loopring ( LRC ) team, the Loopring Wallet will go offline permanently on June 30, with users advised to use the intervening time to withdraw their assets. “Today, we’re sharing some difficult but necessary news: Loopring Wallet will officially cease its operations by the end of June 2025,” the cryptocurrency platform said in an announcement . The shutdown of Loopring Wallet means the wallet’s smart user interface, accessible via mobile, will no longer be available after the stated date. Loopring ’s Smart Wallet leverage immutable smart contracts to operate. However, access is facilitated via the accompanying mobile app, and its discontinuation means the app will no longer receive updates and will eventually be delisted from app stores. You might also like: Siacoin holders urged to move funds ahead of June fork The team clarified that the closure of the wallet will not impact or disrupt the functioning of the Loopring layer-2 protocol. Nevertheless, users are strongly advised to transfer their funds and non-fungible tokens to other wallets. Acting early and within the announced timeline will allow Loopring Wallet users to move their assets smoothly and avoid potential disruptions. According to Loopring’s update, popular alternatives for asset transfers include MetaMask, Coinbase Wallet, and Rainbow Wallet. Loopring Smart Wallets suffered a security breach in June 2024, with an attacker compromising user wallets by exploiting vulnerability in the two-factor authentication. The incident saw Loopring temporarily suspend Guardian and 2FA-related operations. Following the latest announcement, the LRC token traded lower, with a 4% dip extending its losses over the past week into double digits. The token hovered near $0.09, down 13% over the last seven days. You might also like: Loopring price prediction – LRC ramping up to break its downtrend?
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. Table of Contents What is Loopring? Loopring price prediction Loopring coin price prediction: short-term outlook Loopring price prediction 2025 Loopring price prediction 2030 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. You might also like: X account of Ethereum L2 Loopring hacked by phishers What is Loopring? 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. You might also like: What Is Loopring and What’s Driving Its Rise 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.
The post Loopring Price Prediction 2025, 2026 – 2030: Will LRC Price Hit $0.5 In 2025? appeared first on Coinpedia Fintech News Story Highlights The live price of Loopring is $ 0.10454488 . LRC coin could reach a high of $0.24458 in 2025. Loopring price with a potential surge, it might hit $1.85732 by 2030. The core goal of the Loopring ecosystem has been to ensure quick, secure, and highly transparent solutions. The platform enables high-throughput, cost-effective payments and trading on Ethereum. It is also expected to increase its competence in building hybrid solutions by eliminating inefficiencies. Planning to bag some LRC, at the lows, but uncertain of its prospects? Worry not, as we decode the possible LRC price prediction 2025 and the years to come! Table of contents Overview Loopring Price Prediction 2025 LRC Price Projection 2026 Loopring Coin Price Forecast 2027 LRC Token Price Action 2028 Loopring Crypto Analysis 2029 LRC Price Prediction 2030 What Does The Market Say? CoinPedia’s LRC Price Prediction FAQs Overview Cryptocurrency Loopring Token LRC Price $ 0.10454488 11.59% Market cap $ 142,894,643.5785 Circulating Supply 1,366,825,863.5099 Trading Volume $ 194,371,662.6342 All-time high $3.83 on 10th November 2021 All-time low $0.0198 on 18th December 2019 *The statistics are from press time. Loopring Price Prediction 2025 This expeditious and stable platform has the potential to reach $0.24458 by the year-end. On the contrary, the price would plummet to $0.08153 in the case of a bearish trap. However, the protocol would end up trading at $0.16305 by 2025. If the digital asset stays remote from any external influencing factors. Year Potential Low Potential Average Potential High 2025 $0.08153 $0.16305 $0.24458 Also read, Bitcoin Price Prediction 2025, 2026 – 2030! Loopring (LRC) Price Prediction 2026 – 2030 Year Potential Low ($) Potential Average ($) Potential High ($) 2026 $0.12230 $0.24458 $0.36687 2027 $0.18345 $0.36687 $0.55031 2028 $0.27518 $0.55031 $0.82547 2029 $0.41277 $0.82547 $1.23821 2030 $0.61915 $1.23821 $1.85732 LRC Price Projection 2026 The LRC coin price prediction for the year 2026 could range between $0.12230 and $0.36687. With this, the average price of Loopring could be around $0.24458. Loopring Coin Price Forecast 2027 By 2027, the Loopring price could range between $0.18345 and $0.55031, with an average price of LRC of around $0.36687. LRC Token Price Action 2028 Looking forward to 2028, LRC crypto prediction could range between $0.27518 and $0.82547 with the average price being around $0.55031. Loopring Crypto Analysis 2029 During 2029, Loopring’s forecast could range between $0.41277 and $1.23821. Following this, the average LRC coin price could be around $0.82547. LRC Price Prediction 2030 The LRC predictions for the year 2030 could range between $0.61915 and $1.85732, with an average Loopring price of around $1.23821. What Does The Market Say? Firm Name 2025 2026 2030 Changelly $0.110 $0.144 $0.654 CoinCodex $ 0.169019 $ 0.106442 $ 0.039341 DigitalCoinPrice $0.107786 $0.113176 $0.137566 *The targets mentioned above are the average targets set by the respective firms. CoinPedia’s LRC Price Prediction Loopring is one of the young and promising tokens designed to develop crypto exchanges. This technological revolution would benefit the token in the coming years. According to CoinPedia’s Loopring price prediction. It may smash $0.24458 in 2025. On the downside, market fluctuations, regulatory compliance, and failure of collaborations or integrations can be major setbacks for the altcoin. Therefore, Loopring’s price may struggle to consolidate around $0.08153. Year Potential Low Potential Average Potential High 2025 $0.08153 $0.16305 $0.24458 FAQs Is Loopring a good investment? Yes, if you are planning for the long term, Loopring looks promising considering its vision to expand into a gaming firm. How high will the price of LRC reach by the end of 2030? The price of LRC could reach as high as $1.85732 by 2030. Is Loopring worth buying in 2025? Loopring has the potential to be a profitable short-term investment. As gaming and NFTs space has been taking up another step to revolutionize the gaming sector. What can be the maximum trading value of LRC, by the end of 2025? The altcoin could surge to its potential high of $0.24458 by 2025. Where can I trade Loopring? Loopring can be traded on various exchanges like Binance, Bybit, OKEx, and Huobi, amongst others. What is the price of Loopring? At the time of writing, the price of one LRC was $0.1087. LRC BINANCE
Ethereum co-founder Vitalik Buterin has issued a stark warning to developers of rollup-based L2 systems solutions, emphasizing that the rush to decentralize without robust security measures could result in catastrophic financial losses In an X post, the Ethereum co-founder pointed out that achieving stage 2 in an L2 network is critical for security; however, he claimed that it’s just as vital to strengthen the underlying proof system. He added that rushing to stage 2 without significantly improving proof reliability could actually increase the chances of failure. One of Buterin’s points of concern is that many rollups still rely on centralized control mechanisms , “training wheels,” as he described. While useful to help get the ball rolling, they can also become single points of failure that hinder progress unless replaced with robust, decentralized alternatives. He stressed that rollups are vulnerable to attacks and operational failures without proper security measures such as fraud or validity proofs, threatening user trust and damaging the wider Ethereum ecosystem. Daniel Wang suggests adding a “BattleTested” label to Layer 2 roll-ups Buterin’s post came in response to Loopring founder and CEO Daniel Wang’s suggestion to have a separate label for Stage 2- BattleTested- for improved security. The Loopring CEO asserted that a roll-up could be classified as BattleTested if its code has been on Ethereum’s mainnet for more than six months and maintained a TVL of $100 million, including at least $50 million in Ethereum and a major stablecoin. He also proposed that the BattleTested status should not be permanent— any changes made to the rollup should require it to go through the qualification process all over again to earn back the label. Then again, it would not matter if a roll-up was in stage 2 or not; a roll-up could still qualify for the BattleTested label. Responding to Wang’s proposal, Buterin remarked: “A good reminder that stage 2 is not the only thing that matters for security: the quality of the underlying proof system matters too.” Dominick John, an analyst at Kronos Research, also argued that a system becomes truly decentralized when it can prove reliable under economic stress and not just through theoretical proof system designs. He added that before shifting from stage 1 to stage 2, rollup teams must also prepare for the risks they’ll face that threaten network security. Buterin: Rollups should hit stage 2 only with strong proof systems In another X post, Buterin elaborated on the best time to move to stage 2 in a mathematical model . In his model, he made the following assumptions: each security council member has a 10% failure rate, liveness failure and safety failure are equally probable, stage 0 security council is 4-of-7, and stage 1 is 6-of-8. Considering these assumptions, he argued that as the proof system quality rises, the optimal stage shifts from Stage 0 to Stage 1 and eventually to Stage 2. That means stages 0 or 1 are more reliable when failure probabilities increase than stage 2. Therefore, advancing to stage 2 is only appropriate when your proof system is dependable. With these hypotheses, he claimed that as the proof system strengthens, the peak level will move from Stage 0 to Stage 1 and then Stage 2. Therefore, stages 0 or 1 are more reliable as the probability of failure increases compared to stage 2. So, you should only move on to phase 2 if you have a reliable system of proofs. He further suggested that using multi-sig-proof systems would lower the likelihood of system breakdown. In addition, Mike Tiutin, chief technology officer of decentralized compliance protocol PureFi, offered his perspective on the topic, with the belief that you could be compromising your system security by decentralizing prematurely. In the same vein, Kronos analyst John contended that decentralization should not be considered a race but a shared responsibility of the crypto ecosystem. In stage 1, councils can step in to assist if the system breaks, but in stage 2, a stepback would involve millions of dollars, he said. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
Cryptocurrency exchange giant Binance again captured noteworthy investor attention as it unveiled a key announcement on six cryptos this Monday. The crypto exchange revealed that the collateral ratio for CELO, IOTX, LRC, ALICE, AUDIO, & ICX tokens under the portfolio margin will be updated shortly ahead. As a response, market watchers speculate over the update’s impact on prices as the new offerings provide less market value. Binance Reduces Collateral Ratio For 6 Crypto Tokens In an official Binance announcement dated March 10, the crypto exchange revealed that it will reduce the collateral ratio for six tokens under the margin portfolio starting March 14 at 06:00 UTC. As per the announcement, this update will be completed in just an hour. Here Are The Updated Collateral Ratio For 6 Crypto: CELO The collateral ratio is to be reduced from 80% to 70%. IoTeX (IOTX) Binance revealed that IOTX collateral ratio is to be reduced from 80% to 70%. Loopring (LRC) Loopring collateral ratio is to be reduced from 80% to 65%, per the update. MyNeighborAlice (ALICE) ALICE’s collateral ratio is to be reduced from 80% to 65%. Audius (AUDIO) The collateral ratio is to be reduced from 70% to 55%. ICON (ICX) ICX collateral ratio is to be reduced from 70% to 55%. For context, a decline in this ratio signals reduced collateral value, thereby limiting the borrowing capacity of these tokens. As a result, these assets could see a decline in investor interaction and trading volumes due to reduced offerings on one of the top crypto exchanges . What’s More? Binance added that the collateral ratio will affect ‘Unified Maintenance Margin Ratio (uniMMR)’ as well. Platform users should monitor the update closely to mitigate any losses potentially resulting from the abovementioned change. How Are These 6 Tokens Performing? CELO price plunged over 6% intraday and closed in at $0.3440. The coin’s intraday bottom and peak were $0.3295 and $0.3682, respectively. IOTX price dropped over 2% intraday and exchanged hands at $0.01540. The coin hit a low and a high of $0.01491 and $0.0159 over the past day. LRC price slipped nearly 1% as of press time and traded at $0.01053. The coin bottomed and peaked at $0.09879 and $0.1073 in the past 24 hours. ALICE price also followed the waning action in tandem with Binance’s announcement, falling 7% to $0.5194. MyNeighborAlice hit a low and high of $0.4999 and $0.5601 intraday. Nevertheless, AUDIO price was up by a remarkable 35% and rested at $0.1071. The coin bottomed at $0.07742 in the past 24 hours. Lastly, ICX price lost 6% value and closed in at $0.09933. Its intraday low and high were $0.0961 and $0.1066, respectively. It’s noteworthy that the broader slumping action also falls in line with the broader crypto market trend today . Besides, the leading exchange’s reduced offerings added to market concerns surrounding the aforementioned tokens’ future performances. The post Binance Issues Key Update On These 6 Crypto, What’s Happening? appeared first on CoinGape .
On March 10, COINOTAG News reported that Binance is set to implement an adjustment to the collateralization ratio for select assets within its unified account, effective March 14, 2025, at
GameStop, a video game retailer, and popular meme stock, is reportedly considering investing in Bitcoin and other cryptocurrencies. Three insiders revealed that the company is assessing alternative asset classes, particularly in crypto as the US political landscape shifts in favor of the industry after years of hostility. After the news broke, GameStop’s shares saw a double-digit surge in after-hours trading. However, the company has yet to finalize its decision, and it may ultimately choose not to proceed with the investments. According to CNBC, one source indicated that GameStop is still evaluating whether this move fits within its broader business strategy. The company debuted its self-custodial wallet in May 2022, allowing customers to manage crypto assets and NFTs through their web browsers. Later that year, it expanded its crypto efforts by unveiling an NFT marketplace built on the Ethereum-based Loopring L2 network. However, in August 2023, the company shut down the service, citing concerns over “regulatory uncertainty.” The latest development comes just days after GameStop CEO Ryan Cohen sparked speculation by posting a photo with MicroStrategy chairman and co-founder Michael Saylor on X. MicroStrategy is the biggest corporate holder of Bitcoin. Despite this, two sources confirm that Saylor is not currently part of GameStop’s crypto investment talks. The firm’s board established a new “investment policy” in December 2023 which allowed Cohen, two independent board members, and important personnel to manage the its securities investments. However, all of them must adhere to the policy’s rules or gain approval either by a unanimous committee decision or a majority vote from the full board. The firm has not yet addressed the speculation. The post Could GameStop Go Crypto? Retailer Reportedly Considering Bitcoin Investments appeared first on CryptoPotato .
The growing adoption of Ethereum in DeFi, NFTs, and gaming demands innovative solutions to handle increasing transaction volumes. The maturity of Layer 2 solutions alongside Ethereum 2.0 will mark a major shift in blockchain scalability. Ethereum, since its inception in 2015, has been the cornerstone of decentralized finance (DeFi), NFTs, and smart contract applications. However, as the Ethereum network gained popularity, its scalability issues became evident. High gas fees and network congestion have often made it expensive and inefficient for users. To address these challenges, Ethereum Layer 2 solutions have emerged as crucial components for scaling Ethereum in 2025 and beyond. Layer 2 solutions are built on top of the Ethereum blockchain , aiming to improve its scalability, transaction throughput, and cost efficiency. These solutions leverage various technologies like rollups, state channels, and sidechains to provide faster and cheaper transactions while maintaining Ethereum’s security and decentralization. 1. Optimistic Rollups (Optimism and Arbitrum) Optimistic Rollups (ORs) have emerged as one of the most promising Layer 2 scaling solutions for Ethereum. These rollups allow for transactions to be processed off-chain, while the finality of those transactions is ensured on-chain. By batching multiple transactions and submitting them as a single proof, Optimistic Rollups can significantly reduce gas fees and transaction times. Key Players: Optimism : One of the first implementations of Optimistic Rollups, Optimism has made significant progress in improving transaction throughput on Ethereum. With the release of Optimism’s mainnet and growing adoption in DeFi protocols in 2025 , it’s expected to play a major role in Ethereum scaling in the upcoming year. Arbitrum : Another leader in the Optimistic Rollups space, Arbitrum has attracted a vast number of developers due to its simplicity and compatibility with Ethereum’s existing infrastructure. Its adoption by projects like Uniswap and Chainlink showcases its effectiveness in scaling Ethereum’s transaction capacity. Optimistic Rollups are expected to play a significant role in lowering transaction fees and reducing congestion on the Ethereum network. With Ethereum’s transition to Ethereum 2.0 and sharding, Optimistic Rollups will likely be a cornerstone of Ethereum’s scalability strategy. 2. ZK-Rollups (zkSync and StarkWare) Zero-Knowledge Rollups (zk-Rollups) are another form of Layer 2 scaling solutions. Unlike Optimistic Rollups, zk-Rollups use cryptographic proofs to ensure the validity of transactions. This makes zk-Rollups more efficient in terms of transaction speed and cost, as they don’t require a waiting period for fraud proofs. Key Players: zkSync : zkSync is a leading ZK-Rollup solution that has been gaining traction for its focus on usability, low fees, and interoperability with Ethereum. zkSync 2.0, which is set to launch in 2024, aims to improve transaction throughput while maintaining Ethereum’s security and decentralization. StarkWare : StarkWare utilizes zk-Rollups with its StarkEx technology to process large numbers of transactions off-chain. StarkWare’s solutions, which include STARK proofs, provide high throughput and are already being used by major projects like dYdX and Immutable X. zk-Rollups are expected to reduce Ethereum’s reliance on gas fees and enhance transaction speed, particularly for applications like gaming, DeFi, and NFT marketplaces. 3. Polygon (formerly Matic Network) Polygon is one of the most widely adopted Layer 2 solutions. It aims to provide scalability to Ethereum through its sidechain and PoS (Proof of Stake) model. Developers increasingly choose Polygon to reduce transaction costs and improve speed. At the same time, they benefit from Ethereum’s robust security. In 2025, Polygon is expected to continue expanding its multi-chain scaling framework , providing interoperability with various Ethereum-compatible networks. Polygon’s modularity and low-cost transaction processing are key factors that will contribute to its growth in the coming years. 4. Optimistic Ethereum by Optimism Foundation Optimistic Ethereum is a major scaling solution built on top of Ethereum that aims to enhance scalability through Optimistic Rollups. Optimism’s implementation of Optimistic Rollups is designed to significantly reduce transaction fees and processing time, making Ethereum-based applications more cost-effective for users. The Optimistic Ethereum protocol supports decentralized applications (dApps) while maintaining Ethereum’s security and decentralized structure. By 2025, the platform is expected to enhance scalability further through new advancements and increased network usage. 5. Loopring (zk-Rollups) Loopring is a zk-Rollup-based solution focused primarily on decentralized exchanges (DEXs). It offers faster and cheaper trades, reducing Ethereum’s congestion by processing trades off-chain before submitting them to Ethereum for final settlement. In 2025, Loopring’s potential lies in the growing DeFi space, especially decentralized exchange liquidity and trade volume. Loopring’s unique zk-Rollups architecture helps Ethereum scale in the DEX market, allowing for significant improvements in trading experiences while retaining the security of Ethereum. 6. Immutable X (zk-Rollups) Immutable X is a Layer 2 solution for NFTs built on zk-Rollups, designed to provide gas-free transactions with fast and scalable minting. It’s focus on NFTs offers solutions for marketplaces and creators, addressing issues like high minting fees on Ethereum’s mainnet. With the NFT market booming in 2024, Immutable X will expand its influence in the NFT space in 2025, creating an environment where creators and users can interact without worrying about transaction fees. Immutable X offers a seamless experience for NFT creators, collectors, and traders. 7. Optimistic Rollups on Ethereum 2.0 Ethereum’s transition to Ethereum 2.0 is a significant event in the blockchain space. Layer 2 solutions like Optimistic Rollups will become even more important as Ethereum 2.0’s scalability mechanisms, such as sharding, come into play. By combining sharding with Optimistic Rollups, Ethereum could achieve higher throughput and lower costs. In 2025, we expect the full implementation of Ethereum 2.0 to drive the widespread adoption of Optimistic Rollups, unlocking Ethereum’s potential for larger-scale applications and seamless cross-chain compatibility. 8. Arbitrum Nitro Arbitrum Nitro is an upgrade to the Arbitrum network that introduces a more optimized and scalable version of its previous rollup implementation. The Nitro upgrade reduces transaction costs, improves throughput, and introduces more efficient data availability solutions. Arbitrum Nitro will scale Ethereum’s smart contract execution by 2025, offering developers a more robust and efficient platform for creating decentralised applications. 9. Celer Network Celer Network is a Layer 2 scaling solution focused on improving user experience in decentralized applications (dApps) through state channels and sidechains. By enabling faster and more cost-efficient transactions off-chain, Celer reduces congestion on the Ethereum mainnet . Celer’s long-term vision for 2025 is to create a multi-chain ecosystem that connects Ethereum with other blockchains. This ecosystem will provide greater flexibility and scalability for decentralised applications. With Celer’s advances in state channel technology, it could become a major player in Ethereum’s Layer 2 ecosystem. 10. Fuel Labs (Modular Execution Layer) Fuel Labs aims to create a modular execution layer for Ethereum. By decoupling the execution and consensus layers, Fuel Labs enhances Ethereum’s scalability, transaction throughput, and cost efficiency. Fuel Labs leverages the power of parallel execution to achieve massive scaling without compromising Ethereum’s security. As Ethereum’s demand for scalability continues to grow in 2025, Fuel Labs will likely be at the forefront of this change, providing a fast, secure, and efficient solution for Ethereum’s decentralized applications. Conclusion As Ethereum expands and dominates the world of decentralized applications, Layer 2 solutions play a critical role in scaling the network. These technologies, including Optimistic Rollups, zk-Rollups, and other advanced mechanisms, will enhance Ethereum’s scalability and reduce transaction fees. They will also pave the way for new use cases. By 2025, Layer 2 solutions will revolutionize efficiency. They will lower costs, increase transaction speeds, and boost Ethereum’s capacity to support large-scale decentralized applications and financial services. As Ethereum 2.0’s vision unfolds and blockchain technologies evolve, Layer 2 solutions will remain central to the network’s success. They will drive global adoption and ensure Ethereum’s continued growth.
Following the announcement of Hilbert Group AB’s (Nasdaq: HILB B) acquisition of Liberty Road Capital (LRC), we are excited to share further details on the integration of Liberty’s advanced AI technology into Hilbert’s ecosystem. Read original article on coincu.com