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Upbit will be the Optimism Foundation’s first client on its “self-managed” enterprise tier, meaning the exchange will manage its own rollup sequencer while being able to rely on Optimism for tech support.“What we hear consistently from the largest exchanges and institutional operators is that they want to own the chain their users transact on, not rent it,” said Jing Wang, Optimism Foundation director.

During a Senate Banking Committee hearing, Fed chair pick Kevin Warsh was mostly asked questions about interest rates, but also set the tone for how the central bank would view crypto if Warsh becomes chair.“Digital assets are already part of the fabric of our financial services industry in the United States,” Warsh said.

The layer-2 Ethereum scaling network’s privacy offering is expected to expand to additional blockchains.