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cLabs, the core developer of the Celo blockchain, has proposed developing its Layer 2 chain using the OP Stack. After evaluating various scaling technologies over an eight-month period, the firm chose OP Stack for development.
Global crypto investment products witnessed a further $206 million in net outflows last week.Expectations the Federal Reserve is likely to keep interest rates at higher levels for longer fueled the outflows, according to CoinShares.
Bitcoin is experiencing a “DeFi summer” moment akin to Ethereum’s in 2020 amid the launch of a new token protocol called Runes, analysts at Bernstein said. Bitcoin miners generated over $100 million in rewards on April 20, with around $80 million just from transaction fees alone.