BiT Global has filed a lawsuit against Coinbase, accusing the exchange of antitrust violations for removing WBTC in favor of cbBTC. The lawsuit claims that Coinbase's actions are aimed at monopolizing the wrapped Bitcoin market to increase transaction revenues. BiT Global disputes Coinbase's justification for delisting WBTC and seeks to restore competition. The move comes after concerns within the DeFi community regarding WBTC's custody control and Justin Sun's involvement. Despite challenges, cbBTC has gained momentum, becoming the second-largest wrapped Bitcoin product. Meanwhile, VanEck predicts Bitcoin and Ethereum to reach new peaks in 2025. Hill aims to simplify oversight for crypto innovation, while Riot Platforms acquires over 5,000 BTC. Disclaimer: The opinions expressed are those of the writers and not CryptoSlate's. Trading cryptocurrencies carries high risks, so conduct your own research before investing. Read more AI-generated news on: https://app.chaingpt.org/news