🚀 #CryptoNews: Flash crash of Wrapped Bitcoin (WBTC) on Binance! 📉

- On November 23, 2024, the price of WBTC on Binance sharply dropped to around $5,200 due to a system error, but quickly recovered to $97K.

- This incident occurred just a few days after Coinbase announced it would delist WBTC on December 19, 2024.

- Coinbase has been criticized for prioritizing its cbBTC product, causing controversy in the crypto community.

- Justin Sun's involvement in the new custody agreement for WBTC has also raised concerns.

What do you think about this move by Coinbase? Share your thoughts! 💬