Close Menu
  • Latest News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Meme Coins
  • DeFi
  • Tech
    • Blockchain
    • Security and Privacy
  • Web 3
    • Web3 News
    • Gaming
  • Legal
    • Taxes & Regulation
    • Adoption
  • Analysis
  • Learn
    • Education
    • Wallets and Exchanges
  • Tools
    • Market Overview
    • Converter
What's Hot

A New Round of Wealth Storm Is Coming—BTC Miner Equips You to Seize the Next Crypto Boom

July 7, 2025

Detroit Sues Crypto Real Estate Platform Over Safety, Health Violations

July 7, 2025

Ethereum Ready For Explosive Breakout, Analyst Says $5,791 Is The Minimum Target

July 7, 2025
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Disclosure
Facebook X (Twitter) Instagram
Buy Crypto NewsBuy Crypto News
  • Latest News
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. Meme Coins
    5. View All

    Bitcoin’s ‘Mempool’ Nearly Empty as Prices Trade Near Lifetime Highs. What Next?

    July 6, 2025

    Bitcoin Treasury Companies Are Bubbles

    July 6, 2025

    Billionaire Bitcoin Whales Waking Up; More Than 80,000 BTC Moved—Should You be Worried?

    July 6, 2025

    Bitcoin Primed To Hit New All-Time High Soon Enough, According to Fidelity’s Global Macro Analyst Jurrien Timmer – Here’s Why

    July 6, 2025

    Inside Ethereum’s hidden liquidity imbalance that can break its economic model

    July 6, 2025

    Ethereum Wyckoff Accumulation Hints At Explosive Q3 – $4K Level In Sight

    July 6, 2025

    Ethereum hits $2.6k – With 6M ETH staked, what’s next for price action?

    July 6, 2025

    Cardano vs Ethereum – Is ADA ready for a rotation rebound?

    July 6, 2025

    Ethereum Ready For Explosive Breakout, Analyst Says $5,791 Is The Minimum Target

    July 7, 2025

    Toncoin explodes 12% in 2 hours on the back of UAE’s Golden Visa rules

    July 6, 2025

    Bitcoin Price Could Test $99K Before a Year-End Surge, Says Market Expert

    July 6, 2025

    Crypto Analyst Benjamin Cowen Issues Altcoin Alert, Says Alts Primed To Keep Going Lower Against Bitcoin – Here’s Why

    July 6, 2025

    Pepe, BMT, CAKE: Crypto Activity Heats Up

    March 18, 2025

    SHIB Burns Over Half a Billion Tokens, Price Surges Over 7%

    March 17, 2025

    DOGE Sees Massive User Growth: Active Addresses Up 400%

    March 15, 2025

    Shiba Inu (SHIB) Price Analysis: Bullish Hints, Bearish Trend

    March 15, 2025

    A New Round of Wealth Storm Is Coming—BTC Miner Equips You to Seize the Next Crypto Boom

    July 7, 2025

    Detroit Sues Crypto Real Estate Platform Over Safety, Health Violations

    July 7, 2025

    Ethereum Ready For Explosive Breakout, Analyst Says $5,791 Is The Minimum Target

    July 7, 2025

    AAVE price steady as whales buy, exchange supply plunges

    July 6, 2025
  • DeFi

    AAVE price steady as whales buy, exchange supply plunges

    July 6, 2025

    Over $1b flows into spot Bitcoin ETFs as macro sentiment improves

    July 6, 2025

    SOL gets fresh institutional push as Nasdaq-listed firm expands treasury with $2.7m

    July 6, 2025

    DeFi Is outpacing Bitcoin’s maximalist mindset

    July 6, 2025

    Trump’s crypto project WLFI faces its first real decentralization stress test

    July 5, 2025
  • Tech
    1. Blockchain
    2. Security and Privacy
    3. View All

    BoE Governor Warns Stablecoin Boom Could Undermine Monetary Trust – Central Banks on Alert

    July 6, 2025

    Why Is Robinhood Building on Arbitrum Instead of Solana?

    July 6, 2025

    1 Billion KRW Korean Social Club ‘May Exclude People Who Made Money from Crypto’

    July 6, 2025

    Kima Network Taps 8lends to Innovate Cross-Chain Decentralized Lending

    July 6, 2025

    North Korean Hackers Target Crypto Firms with Novel macOS Malware

    July 3, 2025

    Crypto firms paid $2.7M monthly to North Korean workers

    July 3, 2025

    International Taskforce Dismantles €460m Crypto Fraud Network

    July 1, 2025

    Bybit and North Korean hackers headline $2.1 billion crypto hacks in H1

    June 27, 2025

    A New Round of Wealth Storm Is Coming—BTC Miner Equips You to Seize the Next Crypto Boom

    July 7, 2025

    Detroit Sues Crypto Real Estate Platform Over Safety, Health Violations

    July 7, 2025

    Ethereum Ready For Explosive Breakout, Analyst Says $5,791 Is The Minimum Target

    July 7, 2025

    AAVE price steady as whales buy, exchange supply plunges

    July 6, 2025
  • Web 3
    1. Web3 News
    2. Gaming
    3. View All

    A New Round of Wealth Storm Is Coming—BTC Miner Equips You to Seize the Next Crypto Boom

    July 7, 2025

    Fraud Detection and Prevention Market to Reach USD 153.91 Billion by 2030, Driven by Real-Time Analytics and AI Integration

    July 6, 2025

    BAY Miner launches cloud mining mobile app to help users easily mine BTC, SOL, DOGE

    July 6, 2025

    Why loyalty is becoming web3 gaming’s next essential layer

    July 6, 2025

    FLOKI Advances Blockchain Gaming Ambitions With Valhalla Mainnet Launch and Esports Partnership

    July 6, 2025

    HeLa Space and Onmi Upgrade AR Gaming Experience with Web3 Adventure

    July 6, 2025

    Neural Expands to Solana with AI Game Creation Tools and Multi-Chain Support

    July 5, 2025

    PlayZap Games Joins Forces with DeFi Cattos to Offer Cutting-Edge Gaming via Aptos

    July 5, 2025

    A New Round of Wealth Storm Is Coming—BTC Miner Equips You to Seize the Next Crypto Boom

    July 7, 2025

    Detroit Sues Crypto Real Estate Platform Over Safety, Health Violations

    July 7, 2025

    Ethereum Ready For Explosive Breakout, Analyst Says $5,791 Is The Minimum Target

    July 7, 2025

    AAVE price steady as whales buy, exchange supply plunges

    July 6, 2025
  • Legal
    1. Taxes & Regulation
    2. Adoption
    3. View All

    Detroit Sues Crypto Real Estate Platform Over Safety, Health Violations

    July 7, 2025

    IMF warns that Trump’s tax bill will make debt reduction difficult in the medium term

    July 6, 2025

    How the US and Swiss Approaches Differ

    July 6, 2025

    SEC Chair Paul Atkins Speaks About Cryptocurrencies During Booming Market

    July 6, 2025

    Asian consortium led by Metaplanet, Sora Ventures targets Thai market with DV8 acquisition

    July 5, 2025

    Tether and Adecoagro join forces for sustainable Bitcoin mining

    July 5, 2025

    Investor poll shows 73% approval for Trump’s crypto policy, bullish views on prices increase

    July 5, 2025

    Mexican billionaire says sell your home, buy Bitcoin as fiat nears collapse

    July 5, 2025

    A New Round of Wealth Storm Is Coming—BTC Miner Equips You to Seize the Next Crypto Boom

    July 7, 2025

    Detroit Sues Crypto Real Estate Platform Over Safety, Health Violations

    July 7, 2025

    Ethereum Ready For Explosive Breakout, Analyst Says $5,791 Is The Minimum Target

    July 7, 2025

    AAVE price steady as whales buy, exchange supply plunges

    July 6, 2025
  • Analysis

    Ripple Price Prediction as XRP ETF Approval Odds Near 100%

    July 6, 2025

    Suspicion surrounds mysterious $8.6 billion Bitcoin move

    July 6, 2025

    US Bond Holders Abruptly Sell $10,000,000,000+ in Treasuries and Corporate Debt Amid Fears of US Fiscal Fallout: Report

    July 5, 2025

    Bonk & Pepe Gain Momentum While Dogwifhat Drops—Is Memecoin Season Over or Just Beginning?

    July 5, 2025

    DeFi Real World Assets Tokenizing Platform Ondo Finance Acquires SEC-Regulated Broker Dealer Oasis Pro

    July 5, 2025
  • Learn
    1. Education
    2. Wallets and Exchanges
    3. View All

    What Are Internet Capital Markets? Why Companies Are Launching Meme Coins

    June 16, 2025

    What is a Corporate Bitcoin Treasury? The Strategy Behind Companies Holding Crypto

    May 27, 2025

    What Are Tokenized Real-World Assets? Putting Physical Value On-Chain With RWAs

    May 19, 2025

    Users Taunt Grok After xAI Says Modifications Were Made to Spit out ‘White Genocide’ Claim

    May 16, 2025

    More than 40 fake wallet extensions on browsers detected as malware threat

    July 3, 2025

    Mastercard joins forces with Bitget Wallet to release zero-fee crypto cards

    July 2, 2025

    Supreme Court confirms IRS right to access customer data from crypto exchanges without warrant

    July 2, 2025

    Satoshi Nakamoto address receives $20k from mystery wallet

    July 1, 2025

    A New Round of Wealth Storm Is Coming—BTC Miner Equips You to Seize the Next Crypto Boom

    July 7, 2025

    Detroit Sues Crypto Real Estate Platform Over Safety, Health Violations

    July 7, 2025

    Ethereum Ready For Explosive Breakout, Analyst Says $5,791 Is The Minimum Target

    July 7, 2025

    AAVE price steady as whales buy, exchange supply plunges

    July 6, 2025
  • Tools
    • Market Overview
    • Converter
Buy Crypto NewsBuy Crypto News
Home»Wallets and Exchanges»Celo’s token drops as Coinbase skips Layer-2 migration support
Wallets and Exchanges

Celo’s token drops as Coinbase skips Layer-2 migration support

December 3, 2024No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Celo, a leading Layer-1 blockchain, has recently experienced a 5% drop in its native token value due to uncertainties surrounding its transition to an Ethereum Layer-2 network within Optimism’s Superchain ecosystem. This shift has caused a rift in the community, with Coinbase, the largest US-based crypto exchange, announcing that it will not support Celo’s migration to Layer 2. In contrast, Tether’s CEO Paolo Ardoino has confirmed the stablecoin issuer’s commitment to the network post-transition.

The market response to this news has been negative, with Celo’s CELO token falling to $0.81039 at the time of writing. This uncertainty has sparked mixed reactions within the community, with some criticizing Coinbase’s decision. Marek Olszewski, CEO of Celo’s developer cLabs, expressed disappointment with Coinbase’s stance and questioned its potential impact on other EVM-compatible Layer-1 chains considering Ethereum’s Layer-2 scaling solutions.

However, there are voices of support within the community as well. Andrew Koller, founder of Kraken’s Inkchain, has stated that his exchange will support the migration to Layer 2, emphasizing their commitment to Ethereum scaling. Olszewski has suggested renaming Celo’s existing Layer-1 chain to “Celo Gold (CGLD)” to align with Coinbase’s current support framework, potentially simplifying future adoption if Coinbase decides to support the Layer-2 upgrade.

Some community members are urging Coinbase to reconsider its decision. EigenLayer founder Sreeram Kannan believes that Coinbase’s stance may be an oversight and encourages the exchange to revisit its position. He highlights the potential benefits of supporting Celo’s integration into the OP Stack. On the other hand, Nass Eddequiouaq, CEO of Bastion, acknowledges the operational and regulatory complexities that exchanges face when adding support for new chains, especially in the US. He notes that exchanges typically wait to see which branch of the fork gains traction before adding support and deprecating the other.

See also  Solana Seeker: Web3 Smartphone with SKR Token and TEEPIN OS

In conclusion, the transition of Celo to an Ethereum Layer-2 network has sparked debate within the community and raised questions about the future of the network. While some are critical of Coinbase’s decision, others are optimistic about the potential benefits of this move. It remains to be seen how this transition will unfold and what impact it will have on Celo and the broader blockchain ecosystem.

Celos Coinbase drops Layer2 migration skips support token
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Neural Expands to Solana with AI Game Creation Tools and Multi-Chain Support

July 5, 2025

Trump-backed World Liberty Financial seeks community vote on token mobility

July 5, 2025

Trading Activity Surges While SEI Price Drops Sharply— Are investors Turning Bearish on the SEI price rally?

July 4, 2025

Top US Crypto Exchange by Trading Volume Coinbase Adds Support for Leading Cross-Chain Messaging Protocol Wormhole (W)

July 4, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

A Step-By-Step Guide For Crypto Strategy Optimization With AI Backtesting

April 20, 2025

Ethereum Whales Buy the Dip, Withdraw 1M ETH from Exchanges

February 12, 2025

Tether to issue separate stablecoin for U.S. despite ‘getting comfortable’ with the Genius Act, CEO says

May 26, 2025
Price Chart


Explore insights on crypto, blockchain, taxes, and security. Stay informed with expert guides, tips, and the latest trends to navigate the digital asset world confidently


We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

A New Round of Wealth Storm Is Coming—BTC Miner Equips You to Seize the Next Crypto Boom

July 7, 2025

Detroit Sues Crypto Real Estate Platform Over Safety, Health Violations

July 7, 2025

Ethereum Ready For Explosive Breakout, Analyst Says $5,791 Is The Minimum Target

July 7, 2025
Get Informed

Subscribe to Updates

Get the latest creative news From BuyCryptoNews directly in your Inbox!

  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Disclosure
© 2025 BuyCryptoNews - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.