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      tldr; Loopring CEO Steve Guo announced his resignation, effective August 2025, citing a desire to spend more time with his family. Guo reflected on the project’s achievements, including its zk Rollup technology and DeFi ecosystem, but also addressed setbacks like the discontinuation of its Smart Wallet feature. Following the announcement, Loopring’s token (LRC) surged 9.1% before stabilizing. Community reactions have been mixed, with some questioning Guo’s leadership. The market showed initial speculative buying but later corrected, reflecting investor caution.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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