đ Breaking News in the Crypto World! đ
Justin Sun, founder of Tron, has thrown some serious shade at Coinbase's new cbBTC! đ Coinbase launched cbBTC, a wrapped Bitcoin for Ethereum and Base networks, aiming to boost Bitcoinâs role in DeFi. But Sun isn't buying it!
đ Sun's Concerns:
1. No clear proof of reserve.
2. Lack of regular audits.
3. Potential for Coinbase to freeze assets, likening it to a "central bank Bitcoin."
Despite the drama, cbBTC hit a $100M market cap within 24 hours! đ„
What do you think? Is cbBTC a game-changer or a centralization risk? Drop your thoughts in the comments! đŹ #CryptoNews #BTC