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After evaluating various scaling technologies over an eight-month period, cLabs chose OP Stack for development.

CLabs officially proposed using Optimism’s OP Stack for the transition. The proposal will be discussed on a couple of community calls and then go to a vote among holders of the project’s CELO tokens, under the chain’s governance rules.

The latest price moves in bitcoin (BTC) and crypto markets in context for April 22, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Expectations the Federal Reserve is likely to keep interest rates at higher levels for longer fueled the outflows, CoinShares said.

The spike in network fees was driven by speculative activity to mint new meme tokens following the launch of the Runes protocol, the report said.

Bitcoin miners generated over $100 million in total rewards on April 20 — with around $80 million just from transaction fees alone.

Bitcoin’s implied or expected volatility remains positively correlated with its price as traditional market fear gauges spike amid broad-based risk aversion.

Bitcoin has recovered above the $66,000 mark in early trading on Monday as broader market caution begins to dissipate.

The Thai SEC expects that blocking access will help law enforcement to prevent criminals from using such platforms for wrongdoing.

Nadeem Anjarwalla, who escaped Nigerian custody in March, could be extradited back to the country within the week, one local media outlet reported citing government sources.