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

Celo, a prominent Layer-1 blockchain, has seen its native token dump 5% after its upcoming transition to an Ethereum Layer-2 network within Optimism’s Superchain ecosystem turned “contentious.” On Nov. 27, Coinbase, the largest US-based crypto exchange, announced that it would not support Celo’s migration into a Layer 2 network. In contrast, Tether’s CEO Paolo Ardoino […]