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Celo developer cLabs proposes using OP Stack to launch Ethereum Layer 2 chain

Celo developer cLabs proposes using OP Stack to launch Ethereum Layer 2 chain

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

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Celo Chooses Optimism, Concluding Bake-Off Among Layer 2s

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.

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First Mover Americas: Bitcoin Layer 2s Have Their Moment

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.

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Crypto funds see $206 million in weekly outflows as investors ‘fret’ over interest rates: CoinShares

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

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Bitcoin Miners Have Raked in Abnormal Transaction Fees Since Halving: Bernstein

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.

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Bitcoin experiencing ‘DeFi summer’ moment as miners rake in record $100 million post-halving: Bernstein

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

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Bitcoin’s Unique Volatility Profile in Focus as VIX and MOVE Spike

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

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Bitcoin’s post-halving recovery boosted by tempering geopolitical tensions, analyst says

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

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Thailand plans to block unauthorized crypto platforms from local users

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

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Binance Exec Who Escaped From Nigeria Has Been Found in Kenya, Faces Extradition: Reports

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.

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