👀Consensys's L2 Exits Alpha Launch Phase

GM Defiers!

Consensys announced the mainnet rollout of its highly-anticipated Layer 2, Linea, is now complete. Linea's ERC-20 token bridge is now live, allowing users to begin exploring the network's DeFi ecosystem.

PayPal is expanding its presence in the crypto sector, announcing the launch of a fiat on-ramp in partnership with Ledger. The news comes roughly one week after PayPal revealed the surprise launch of its Ethereum-based PYUSD stablecoin.

Bitcoin and Ether are holding relatively strong while the broader digital markets retrace, with only five of the top 100 cryptocurrencies gaining more than 1% in the past 24 hours, and 43 tokens slumping more than 5%.

And Gitcoin has garnered controversy after teaming up with the global oil and gas behemoth, Shell, on a year-long partnership to explore open-source climate solutions.

✍️ In today’s newsletter:

• Consensys announces completion of Linea mainnet launch
• PayPal unveils fiat on-ramp in partnership with Ledger
• BTC and ETH resist broader crypto pull-back
• Crypto community pushes back against Gitcoin partnering with Shell

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