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 news, the real-world asset (RWA) protocol Centrifuge has integrated with the Celo blockchain through the cross-chain interoperability project Axelar. The team stated, "After the integration, Centrifuge will introduce new assets to the Celo ecosystem, such as tokenized treasury bills and carbon credit pools. Centrifuge has joined the Celo real-world financial solutions network."