ChainCatcher news, Coinbase stated that the Celo L1 blockchain (Coinbase code: CGLD) will migrate to Celo L2 on January 16, 2025. Coinbase will not support the migration, and customers must withdraw CGLD from Coinbase by January 13, 2025, to prevent their funds from becoming inaccessible.This move has sparked dissatisfaction within the community. cLabs CEO Marek Olszewski stated, "This feels like a hindrance to the Ethereum-centric Layer 2 scaling roadmap. Has the hard fork caused controversy? How should the Celo community respond? Celo Layer 1 validators can choose to retain the current Layer 1 chain and rename it to Celo Gold (CGLD) to make life easier for Coinbase and its users. Fortunately, Coinbase is already using this code, so CGLD could become a Memecoin."

ChainCatcher message, Coinbase Assets announced on platform X that the Celo L1 blockchain (Coinbase code: CGLD) will migrate to Celo L2 on January 16, 2025. Coinbase will not support the migration, and customers must withdraw CGLD from Coinbase by January 13, 2025, to prevent their funds from becoming inaccessible. After the hard fork is executed, the Celo L1 network will stop producing blocks, and customers will no longer be able to send or receive assets on the Celo L1 network; all remaining funds on Coinbase will become inaccessible.

ChainCatcher news, Coinbase Assets announced that Coinbase will not support the Celo blockchain migration. Due to the hard fork migration, users need to withdraw CGLD from Coinbase by January 13, 2025.After the hard fork is executed, the Celo L1 network (Coinbase code: CGLD) will stop generating blocks, and users will no longer be able to send or receive assets on the Celo L1 network. Previously, Celo stated that its L1 blockchain will migrate to Celo L2 on January 16, 2025.

ChainCatcher message, in response to Ethereum co-founder Vitalik's high praise for Celo, on-chain detective ZachXBT commented: "I have yet to see a real user of Celo; it is a 'ghost chain' integrated into the Optimism stack."Additionally, he expressed agreement with the views mentioned in the comments regarding Metal DAO and Celo utilizing the superchain mechanism to obtain OP ecosystem incentives.

ChainCatcher message, Ethereum co-founder Vitalik Buterin responded to the statement "Celo recently surpassed TRON DAO in daily active addresses for stablecoin usage" by saying: "Improving global access to basic payments/finance has always been a key way Ethereum brings benefits to the world, and I'm glad to see Celo getting attention. My impression is that Celo is clearly focused on developing countries. This is a good thing for them, as that's where many important challenges and opportunities lie."Vitalik also referenced two articles in his tweet: "Celo Becomes an Ethereum L2" and "Ethereum Cultural Consistency."

ChainCatcher news, according to Artemis data, Celo recently surpassed Tron in daily active addresses due to stablecoin usage.Vitalik Buterin commented: "Improving global access to basic payments/finance has always been a key way Ethereum brings benefits to the world, and I'm glad to see Celo getting attention. My impression is that Celo is clearly focused on developing countries. This is a good thing for them, as it is where many important challenges and opportunities lie."

ChainCatcher news, according to official sources, Gitcoin Grants 21 has officially launched and will run until August 22, 7:59 AM Beijing time. The theme of this round of grants is to collaborate with partners and enhance the capabilities of external communities.It is reported that this round includes Celo and Arbitrum ecosystem rounds as well as 9 community rounds. Users no longer need to collect Passport stamps, as Gitcoin Grants Stack provides technical support.

ChainCatcher news, according to Tether's official transparency page, the total authorized amount of Tether on the Celo chain has exceeded 470 million USD, of which 269 million USD is authorized but not yet issued Tether on the Celo chain, and 200 million USD is authorized and issued Tether on the Celo chain, with a net circulation surpassing Omni.

ChainCatcher news, the Celo Foundation has launched Celo's L2 testnet Dango, which is a key step for core contributor cLabs to bring an EVM-compatible blockchain to Ethereum. The plan was first proposed during EthCC 2023, intending to fork the Alfajores test network to Dango, allowing ecosystem developers to start transitioning their projects to the latest version of the blockchain built for the real world, aimed at achieving fast and low-cost payments.

ChainCatcher news, according to official sources, the Eigen Foundation has allocated the first strategic grant to the Celo Foundation to support the use of EigenDA in Celo Layer 2.It is reported that cLabs first proposed the migration of Celo from EVM-compatible L1 at EthCC last July, suggesting the use of EigenDA. Migrating to L2 with EigenDA helps avoid the high costs associated with native Ethereum storage, maintaining Celo's extremely low transaction fees.

ChainCatcher news, the RWA Base Camp accelerator program launched by Outlier Ventures has announced 6 selected teams, which are the credit DeFi platform Credbull, the RWA lending protocol Credible Finance, the community credit protocol Haraka, the RWA lending protocol Isle Finance, the digital asset platform Moreliquid, and the RWA perpetual contract protocol Silver Koi.It is reported that the RWA Base Camp accelerator is co-operated by Outlier Ventures and the Celo ecosystem, supported by the RWA infrastructure and technology provider Defactor.

ChainCatcher news, the Celo Foundation announced that Chainlink CCIP is now live on the Celo network. It is reported that Chainlink's interoperability solution will provide cross-chain security and reliability for the Celo ecosystem, as well as various cross-chain token transfer mechanisms, including burn/mint, lock/unlock, and lock/mint, supporting a variety of use cases and applications.

ChainCatcher news, according to official sources, the Celo Foundation has announced the launch of the ecosystem TGE consulting project Bloom, aimed at providing guidance and resources for emerging projects to successfully launch their native tokens. The project offers support such as a launch platform, accelerator programs, exchange support, marketing agencies, funding and investor networks, and auditing services.

ChainCatcher message, the Snapshot page shows that the Aave community has voted to approve the ARFC proposal "Deploy Aave V3 on Celo." This ARFC proposal suggests deploying Aave on Celo to expand Aave's real-world lending and green asset collateral to global users, and to provide incentives to guide liquidity.Upon final approval by the Aave community, Aave will be deployed on Celo, selecting suitable assets as collateral, including CELO, USDC, USDT, cUSD, and cEUR.This deployment will be incentivized with $3 million provided directly by the Celo Foundation or through ecosystem partners over a period of 3 years (with an option to extend).

ChainCatcher news, the Aave community has initiated a new ARFC proposal vote, planning to deploy Aave V3 on the Celo blockchain. This deployment will select suitable assets as collateral, including CELO, USDC, USDT, cUSD, and cEUR. The Celo Foundation and its ecosystem partners have committed to providing $3 million in incentives over the next 3 years (with an extension option) to drive liquidity and promote Aave's growth on Celo.

ChainCatcher message, according to the governance page, the Celo community voted to approve the temperature check proposal for launching its Ethereum Layer 2 chain using the OP Stack.

ChainCatcher news, the tokenized real-world asset (RWA) platform Untangled Finance, supported by Fasanara Capital, launched the first private credit pool on the Celo (CELO) network with French fintech lending institution Karmen on Thursday. The fund pool is structured under Luxembourg securitization regulations, with an initial debt ceiling of $6 million, allowing qualified investors to deposit USDC stablecoins.