Celo blockchain suggests a shift back to the Ethereum ecosystem and adoption of Layer 2 solutions
According to cLabs, the Celo transition would include leveraging OP Stack as the architecture to become an Ethereum L2 blockchain.
Ethereum
Hodler’s Digest, July 9-15: XRP Deemed Non-Security, Celsius CEO Arrested, and Other News
Ripple Labs has partially defeated the SEC in court, triggering a price increase for XRP. A billion-dollar fine was imposed on Celsius Network by the FTC, and its CEO was arrested for fraud.
Multichain Hack Forces Permanent Closure of Crypto Lender Geist Finance
The $29 million TVL lending platform is shutting down because its oracles are misreporting Multichain token values after the exploit.
Hive Digital, a crypto miner, rebrands and shifts focus to AI by dropping ‘blockchain’ from its name.
Hive made the rebrand to reflect its “evolving focus” on revenue opportunities in AI, cloud computing and GPUs.
Report: AnySwap tokens being drained by Multichain Executor
The contract has used an “anySwapFeeTo” function to transfer hundreds of thousands of dollars worth of tokens to itself, which on-chain sleuth Spreek suspected may have been malicious.
Linea zkEVM launched by ConsenSys to enhance Ethereum’s scalability
ConsenSys rolls scaling network Linea, which delivered faster throughput and 15 times lower transaction costs than Ethereum’s layer 1.
7/10 Price Analysis: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC
The weakness in the U.S. Dollar Index bodes well for Bitcoin and altcoins in the near term.
Hodler’s Digest: BlackRock Optimistic about Bitcoin, Gemini CEO Criticized, and Unhappy Staff at CEXs
BlackRock’s PR campaign for a Bitcoin ETF, Gemini’s fight with DCG over Earn program funds, and CEX employees’ sentiment.
OP Stack testnet launched by open-source advocates to support public goods funding
The Public Goods Network from Gitcoin promises to redirect most net sequencer fees into public goods, instead of giving them to token holders or developers.
7/7 Price Analysis: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), Cardano (ADA), Dogecoin (DOGE), Solana (SOL), Litecoin (LTC), Polygon (MATIC), Polkadot (DOT)
Bitcoin and select altcoins are finding buyers at lower levels, indicating a pick-up in positive sentiment.