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…

Loopring to cease wallet operations on June 30

Hashkey Exchange welcomes XRP, making it more accessible to professional 
investors, bolstering its position in the digital economy. XRP Joins Hashkey 
Exchange: A New Era of Professional Investor Access Hashkey Exchange, a 
licensed crypto trading platform overseen by the Hong Kong Securities and 
Futures Commission (SFC), has officially added XRP to its platform for 
professional […]

XRP’s Institutional Access Expands With Hashkey Exchange Listing

Data shows a large number of long liquidations have occurred in the 
cryptocurrency market as Bitcoin and other assets have plunged. Crypto 
Liquidations Have Surpassed $712 Million Over The Past Day According to data 
from CoinGlass, chaos has occurred on the derivatives market following the 
volatility Bitcoin and the company have gone through during the last 24 hours. 
Related Reading: Bitcoin MVRV Ratio Signals Price Hot, But Not In Danger Zone 
Yet Below is a table that shows how the liquidations have looked for the 
cryptocurrency sector within this window. As is visible, almost $712 million 
in cryptocurrency contracts have seen forceful closure from their platform in 
the past day. About $477 million of these came during the last twelve hours 
alone. Bitcoin and the altcoins, especially, have seen a decline in this 
period, so it&#8217;s not surprising to see that the liquidations have 
overwhelmingly affected the long investors. More specifically, the holders 
betting on a bullish outcome have been involved in more than 90% of the flush. 
A mass liquidation event like this latest one is popularly known as a squeeze, 
and given the sharp imbalance toward the bulls, this particular event would be 
called a long squeeze. During a squeeze, a large amount of liquidations get 
triggered at once and feed back into the move that caused them. This unleashes 
a cascade of further liquidations, making such events quite volatile. As for 
which of the individual tokens contributed the most to the long squeeze, the 
heatmap below shows it. Bitcoin and Ethereum, the top two cryptocurrencies in 
terms of market cap, have also come out on top in this list, with the former 
observing liquidations of $221 million and the latter that of $116 million. 
The third-ranked coin, however, hasn&#8217;t been XRP, but rather Solana, which is a 
couple of spots lower in terms of market cap. SOL&#8217;s $32 million in 
liquidations may be down to the fact that it has seen a larger decline than 
XRP. While Bitcoin has seen a push down during the past day, its downfall 
actually started much earlier, with the high around $112,000 from May 22nd 
acting as the top so far. According to a report from the on-chain analytics 
firm Santiment, this peak coincided with a spike in whale activity. The 
indicator displayed in the chart is the &#8220;Whale Transaction Count,&#8221; which tells 
us about how many whale-sized transfers are occurring on the BTC network every 
day. Related Reading: Toncoin Open Interest Spikes 33%—Will History Repeat 
With A Pullback? It would appear that both versions of this metric (tracking 
transactions valued at more than $100,000 and $1 million) surged to a high 
level earlier in this month, a potential sign that profit-taking from these 
humongous entities forced Bitcoin toward a top. Bitcoin Price BTC saw a dip 
under the $105,000 level earlier in the day, but it appears the coin has since 
observed a small rebound as it&#8217;s now back at $105,800. Featured image from 
Dall-E, Santiment.net, CoinGlass.com, chart from TradingView.com

Crypto Bulls See $644M Bloodbath As Bitcoin Dips Below $105,000

Binance.US roars back as the SEC drops its lawsuit, reigniting U.S. crypto 
access with restored USD services, soaring user activity, and a regulatory 
tide turning in crypto’s favor. SEC Defeat Marks Binance.US Victory in War 
Against Regulatory Overreach Crypto exchange Binance.US confirmed on May 29 
that the U.S. Securities and Exchange Commission (SEC) has dismissed […]

SEC Backs Down: Binance.US Blasts Back With Full USD Access

ETH holds on to the bulk of its weekly gains, while BTC and altcoins sell off.

Ethereum futures data and network activity growth back ETH’s price strength

Crypto analyst Egrag Crypto has highlighted a bullish candle formation, which 
could send the XRP price to as high as $22. This comes just as the analyst 
predicted that the altcoin could hit a $1.5 trillion market. XRP Price Eyes 
Rally To $22 As Bullish Candle Forms In an X post, Egrag Crypto predicted that 
candle 13 on the yearly chart could be the breakout candle that sends the XRP 
price to $13 or $22. He also raised the possibility of the altcoin surging 
above these price levels, with a wick extending even higher. Based on his 
analysis of Candle 9, the 2021 yearly candle, the analyst noted that Candle 13 
points to a target of around $17. Related Reading: XRP Holds Midline Support 
That Has Led To Breakout In The Past, Why $2.9 Could Be Next Egrag Crypto 
remarked that this aligns perfectly between $13 and $22 for the XRP price. He 
also commented on Candle 12, noting that it was the strongest Bullish 
Engulfing pattern. This engulfing process started from Candle 5 and continued 
through Candle 11. The analyst added that the body of these candles closed 
above all previous candles, which is a “classic bullish sign.” It is even more 
bullish when it occurs on a yearly or 12-month chart, as in this case. 
Commenting on the current XRP price action, Egrag Crypto stated that the noise 
is still loud on the high timeframes. He noted that the body of Candle 13 is 
above $1.85, and the wick extends up to around $3.40. The analyst claimed that 
a close below $1.85 could mark the end of the bull run, while a close above 
$3.40 confirms that XRP is heading to double digits. Interestingly, the crypto 
analyst declared that December 31 this year will be a date to remember in XRP 
history. He remarked that market participants will see where the XRP price 
stands and what kind of candle formations are shaping up for the legendary 
year. XRP At A Critical Level In an X post, Crypto analyst CasiTrades noted 
that the XRP price has returned to the $2.25 range, which is one of the most 
important levels on the chart. She stated that this zone has acted as both 
resistance and support since the $0.50 breakout, and now a proper backtest is 
underway. Related Reading: Crypto Analyst Predicts XRP Price Could Shoot To 
$12 Soon The analyst revealed that the smaller timeframes show that this level 
could hold. However, she warned that higher-timeframe confirmation is key and 
that the XRP price needs daily closes above $2.25 to confirm a bullish pivot. 
CasiTrades added that whether or not this is the final pivot, this level 
remains a high-probability zone for buyers. She noted that the next major 
support is at $1.90 if this $2.25 support fails. At the time of writing, the 
XRP price is trading at around $2.21, down almost 3% in the last 24 hours, 
according to data from CoinMarketCap. Featured image from Getty Images, chart 
from Tradingview.com