**Crypto News Flash**

- Coinbase is facing a $1 billion lawsuit from BiT Global Digital, accusing it of harming the crypto market by delisting Wrapped Bitcoin (WBTC) to promote its own product, cbBTC. The lawsuit claims attempted monopolization and false statements about WBTC. Coinbase's legal officer, Paul Grewal, defended the delisting, citing high listing standards.

- Kraken's Australian operator, Bit Trade, has been fined $5 million for regulatory breaches, including operating as a credit facility without a license. The fine was less than the $12.8 million sought by regulators.

- Vancouver aims to become a "Bitcoin-friendly city" after passing a motion to explore BTC integration into its financial operations. The move was spearheaded by Mayor Ken Sim to secure the city's future.

- A US judge criticized the FDIC for inadequate redactions in crypto-related letters to banks, ordering more nuanced redactions by January 3.