Ripple CEO Brad Garlinghouse has called on regulators to provide cryptocurrency firms with equal access to financial infrastructure, including the Federal Reserve's master accounts. This appeal comes as Ripple pursues a U.S. national banking license. Meanwhile, XRP faced a significant 635% spike in liquidation imbalance, with $12.43 million in futures contracts liquidated within a single day. In the broader cryptocurrency market, over $270 million in forced liquidations occurred in the past 24 hours, affecting Ethereum and Bitcoin traders significantly. Ethereum traders saw losses of $132.8 million, while Bitcoin traders lost $126.2 million. Additionally, former TD Ameritrade CEO Joe Moglia has projected that Ethereum could capture 60% of a $2 trillion stablecoin market within the next five years.