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Coinbase receives $1 billion lawsuit from Justin Sun's BiT Global BiT Global filed a $1 billion lawsuit against Coinbase, alleging that the exchange unfairly delisted Wrapped Bitcoin (WBTC) to promote its competing product, cbBTC. This comes just a few days after the token's suspension across all Coinbase platforms. Wrapped Bitcoin (WBTC) is an ERC-20 token launched on the Ethereum blockchain in 2018. It is backed 1:1 by Bitcoin, allowing users to leverage Bitcoin's liquidity on Ethereum and other blockchain ecosystems. The lawsuit, initiated on Friday, claims that Coinbase's reason for delisting WBTC — which it tied to listing standards— is contradicted by its recent approval of several meme coins. BiT Global stated that WBTC's delisting wasn't due to listing standards but because Coinbase "coveted its market share and wanted it for itself." They argued that this action violates antitrust laws and seeks damages for the significant financial losses incurred. Coinbase announced in November that it would suspend WBTC trading on its platform on December 19, citing that the decision came from a careful review. Before the announcement, WBTC had been trading on the exchange for years.  The WBTC team responded sharply to the announcement from Coinbase, expressing their displeasure at the suddenness of the decision. Meanwhile, Coinbase's European division announced it will delist Tether's USDT and other stablecoins that it believes do not comply with the Market in Crypto Assets (MiCA) regulations governing cryptocurrencies in Europe. In a Wednesday broadcast to its European users, the exchange stated it would cease support for six stablecoins, including PAX, PYUSD, GUSD, GYEN, DAI and USDT. Likewise, it would continue to support EUR Coin (EURC) and Circle's USDC, which are fully compliant with MiCA laws.

🚀December 2024 Crypto Market Insights: Stability or Opportunity?🔍 The crypto market is buzzing with mixed performance over the last 30 days! Here’s a closer look at how some top coins and stablecoins are holding up: 🔥 Trending Highlights: 1. $NEIRO 🐾 Price: $0.001916 (▼ 17.09%) Market Cap: $805.94M A sharp drop! Could this be a "buy-the-dip" moment, or should we tread carefully? 2. $GOAT 🐐 Price: $0.77229 (▼ 4.42%) Market Cap: $773.65M A slight decline, but it’s still a top contender. Is GOAT aiming for a comeback? 3. $XAUt 🪙 (Gold-backed) Price: $2,635.85 (▼ 2.44%) Market Cap: $649.88M Gold remains resilient, even with minor losses. Is XAUt your hedge against market chaos? 4. $PAXG 💰 (Gold-backed) Price: $2,625.47 (▼ 2.31%) Market Cap: $519.76M Another stable gold-backed asset. Are we seeing the return of the "digital gold" narrative? 🛡️ Stablecoins to Watch: 5. $USDD Price: $0.9988 (▼ 0.24%) Market Cap: $740.30M Slightly under $1, but still a reliable choice for parking funds. 6. $FDUSD Price: $0.9994 (▼ 0.07%) Market Cap: $1.84B Holding strong despite market fluctuations. 7. $PYUSD Price: $0.9994 (▼ 0.04%) Market Cap: $499.67M Stability is key here—perfect for risk-averse holders. 8. $DAI Price: $1.0001 (0.00%) Market Cap: $5.37B No surprises here. DAI remains the gold standard of decentralized stability. 9. $USDC Price: $1.0000 (▲ 0.02%) Market Cap: $41.22B Tiny gains, massive trust. USDC continues to dominate the stablecoin game. 🐾 $POPCAT Price: $1.523 (▲ 0.03%) Market Cap: $1.50B A meme token with a steady climb—could POPCAT’s charm attract more buyers? 💡 What’s Your Take? Will NEIRO bounce back, or is the slide just beginning? Can GOAT live up to its name and reclaim its bullish momentum? With stablecoins staying steady, are you diversifying or playing it safe this month? Let’s hear your thoughts below!

Last week, from November 4 to November 10, the net weekly inflow of US dollars into the cryptocurrency market reached $6.283billion. The net weekly inflow of US Bitcoin and Ethereum spot ETFs reached $1.792b; the net weekly inflow of fiat-backed stablecoins (USDC, USDT, FDUSD, TUSD, PYUSD, USDP, GUSD) reached $4.492b.

🇯🇵 Metaplanet Buys ¥1B Worth of Bitcoin 🚀Crypto Stocks Rally as Bitcoin Hits $66K 💰 ETF Flows: 8,414 $BTC & 6,890 Bought on Oct. 14 🐕 Grayscale Adds $DOGE & Worldcoin to Potential Crypto Products ⚖️ Harris vs. Trump: Crypto Policy Showdown 🇦🇺 Australia Launches First Ether ETF on Cboe 📊 47% of Ethereum Outflows Go to SUI 🎙️ Rise’n’Crypto: Is “Uptober” Here? 🔗 Ripple Unveils Exchange Partners for $RLUSD Stablecoin 🌍 Paxos & Stripe Enable Global Payments with $USDC & $PYUSD 🏦 BofA CEO Predicts Two More Rate Cuts This Year

🇯🇵 Metaplanet Buys ¥1B Worth of Bitcoin 🚀Crypto Stocks Rally as Bitcoin Hits $66K 💰 ETF Flows: 8,414 $BTC & 6,890 $ETH Bought on Oct. 14 🐕 Grayscale Adds $DOGE & Worldcoin to Potential Crypto Products ⚖️ Harris vs. Trump: Crypto Policy Showdown 🇦🇺 Australia Launches First Ether ETF on Cboe 📊 47% of Ethereum Outflows Go to SUI 🎙️ Rise’n’Crypto: Is “Uptober” Here? 🔗 Ripple Unveils Exchange Partners for $RLUSD Stablecoin 🌍 Paxos & Stripe Enable Global Payments with $USDC & $PYUSD 🏦 BofA CEO Predicts Two More Rate Cuts This Year