🚀 Crypto Alert! Wrapped Bitcoin (WBTC) nosedived below $6,000 on Binance, losing 95% of its value before bouncing back to $98,000. This flash crash follows Coinbase's decision to delist WBTC due to liquidity concerns, effective Dec. 19.

🔍 The cause remains a mystery, with no comments from BitGo or WBTC. Meanwhile, Coinbase is launching its own wrapped Bitcoin, cbBTC, intensifying competition with Justin Sun's ventures.

🤔 What are your thoughts on this crypto drama? Share in the comments!