🚀 Drama in the crypto world! Coinbase is causing a stir after deciding not to support Celo's migration from Layer 1 to Layer 2 on Ethereum. Users are asked to withdraw CGLD (Celo L1) before January 13, 2025, or be prepared to lose access. 😱

- Celo will hard fork on January 16, 2025, stopping block production on the L1 network. But don't worry, CGLD can still be moved to a wallet that supports CELO.

- Marek Olszewski, Celo's co-founder, is very disappointed. He said, this decision has messed up Ethereum's scaling plans.

- Anthony Sassano, an Ethereum supporter, hopes this is just an internal misunderstanding at Coinbase.

- Alex Witt from Verda Ventures suspects there is a "monopoly" behind this decision. 🤔

What do you think? Let's discuss in the comments column!