Wrapped Bitcoin
Justin Sun-Linked BiT Global Sues Coinbase For $1B Over WBTC Delisting
BiT Global accuses Coinbase of engaging in anti-competitive behavior by launching a Wrapped Bitcoin competitor before announcing it would delist WBTC.
Coinbase to Delist Wrapped Bitcoin In December
Coinbase said Wrapped Bitcoin no longer meets its listing standards.
Wrapped Bitcoin Completes Corporate Restructuring
The Bitcoin backing WBTC is now custodied in the U.S., Hong Kong, and Singapore.
Wrapped Bitcoin Transfers Reserves Ahead Of Controversial Restructure
WBTC’s total value locked abruptly fell 99% on DeFi Llama.
Aave’s WBTC Holdings Surge To Record High Despite Restructure Drama
Aave also onboarded two new BTC-backed tokens over the past week.
Aave Community Opposes Offboarding WBTC Despite Looming Restructure
Aave’s community is pushing back against a proposal to prevent users from taking out new WBTC loans.
Sky Proposal Calls For Fully Offboarding WBTC Over Justin Sun Concerns
The move comes as Wrapped Bitcoin readies to overhaul its ownership structure, with its new joint venture accused of downplaying Justin Sun’s involvement.
BitGo Taps LayerZero For Multi-Chain WBTC Rollout
BitGo aims to launch Wrapped Bitcoin onto dozens of new chains using LayerZero’s Omnichain Fungible Token standard.
Bitcoin DeFi Protocol Seeks to “Save” WBTC from Justin Sun
Concerns have been raised over WBTC custodian BitGo’s decision to partner with the Tron network and its founder.
Coinbase Teases cbBTC Amid Wrapped Bitcoin Drama
Coinbase tweeted that cbBTC is “coming soon,” while Base announced plans to foster a Bitcoin-based DeFi ecosystem.
