Trump’s DeFi platform is currently sitting on a total unrealized loss of over $89 million across its holdings.
Wrapped BTC News
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In Canada, you can buy Bitcoin on centralized exchanges, decentralized exchanges, Bitcoin ATMs and other options. You can also buy Bitcoin ETFs.
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Several other major crypto firms are also considering hitting the public equity markets in 2025.
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The complaint, filed in December 2024, alleged “antitrust injury” from Coinbase over its decision to delist wrapped Bitcoin in favor of promoting its cbBTC product.
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Coinbase will likely be able to move forward with its intention to suspend wBTC trading on Dec. 19 following a challenge in federal court.
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Some crypto community members have criticized Coinbase for not giving technical reasons for delisting wBTC and justifying its decision by citing Justin Sun-linked risks.
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Crypto industry insiders like Justin Sun are questioning Coinbase’s token listing criteria following the exchange’s decision to delist wBTC in November.
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BiT Global is suing Coinbase for $1 billion, claiming unfair practices after it delisted wBTC to promote its own competing product, cbBTC.
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Wrapped Bitcoin was launched in 2019 to give Bitcoin investors an option to use the asset in decentralized finance applications.
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According to data from CryptoQuant, cbBTC circulation supply has outpaced long-established players seven days after launch.
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Crypto custodian BitGo is now using LayerZero’s OFT Standard to deploy its WBTC across more than 80 chains.
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It aims to bring institutional-grade security to wrapped BTC.
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The CEO of Bitgo stated that the Alameda representative failed the security verification process required to convert Wrapped BTC into BTC.
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Messari research shows MakerDAO has experienced its first quarter of net income loss since 2020 following a huge fall in loan demand and few liquidations.
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The crypto community chose to link the funds’ withdrawal with Nexo’s insolvency rumors due to the wallet's name — Nexo: 0x8fd.
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