🚨 Sudden collapse of WBTC on Binance! On November 23, the price of Wrapped Bitcoin dropped to $5,200 due to an electronic failure, but quickly recovered to $97K. This happened shortly after Coinbase announced the delisting of WBTC, causing a wave of criticism. BiT Global believes that Coinbase is promoting its cbBTC product by eliminating competitors. Tensions are rising, and the market is watching the developments.