🔗 Crypto News Flash: Wrapped Bitcoin Woes & Opportunities

- Earlier this year, BitGo's partnership with BiT Global for wBTC custody stirred concerns among users, reopening old wounds from past centralized custody failures. The Bitcoin Builders Association (BBA) reports a growing distrust toward centralized entities.

- WBTC's supply has dropped to 0.74% of total BTC supply, reflecting users' preference for self-custody. Yet, WBTC remains the leader in tokenized BTC, holding a 60.4% market share.

- New tokens are emerging, with 40% launching in 2024, potentially reshaping the market. The BBA highlights both risks and opportunities in this evolving space.

💬 What do you think about the future of tokenized BTC? Share your thoughts below!