COINBASE TO DELIST WBTC AS JUSTIN SUN GAINS INFLUENCE OVER PROTOCOL, LAUNCHES ITS OWN WRAPPED BITCOIN TOKEN

Summary from the TLDR Crypto newsletter

Coinbase will delist wBTC on December 19 amid growing influence from Justin Sun over the protocol following BitGo's strategic partnership with the TRON ecosystem, which raised industry concerns about decentralization and governance. Coinbase's own wrapped bitcoin token, cbBTC, has grown to a market cap of ~$1.5B.