ChainCatcher message, Coinbase has announced that it has suspended wBTC trading. wBTC trading on Coinbase Exchange and Coinbase Prime is suspended, but users can still withdraw funds at any time.

ChainCatcher news, according to Spot On Chain monitoring, on December 10, trader "0x4ec" spent 4.75 WBTC and 150,000 USDC (1.59 million USD) to buy 60.782 billion PEPE at a local peak.After a decline of 17.85% (24 hours), the trader liquidated these PEPE, only obtaining 1.108 million USDT, resulting in a loss of 477,000 USD, a 30% loss in 9 days.

ChainCatcher news, according to Decrypt, U.S. Federal Judge Araceli Martínez-Olguín ruled to deny the request for a temporary restraining order filed by Hong Kong company BiT Global, allowing Coinbase to proceed with its plan to delist Wrapped Bitcoin (WBTC) from its platform.The judge found that BiT Global failed to demonstrate that Coinbase's actions would cause it "irreparable harm that is imminent."

ChainCatcher news, according to ai_9684xtpa monitoring, the "smart money" that previously "bought low and sold high WBTC for a profit of 14.26 million dollars" has again profited 8.93 million dollars through WBTC.This whale has accumulated 377 WBTC (approximately 27.49 million dollars) at an average price of 72,926 dollars since October. In the past week, when BTC tested new highs, it is suspected to have sold 150 WBTC at an average price of 101,727 dollars, expecting a profit of 4.32 million dollars. Currently, there are still 147 WBTC remaining, with an unrealized profit of 4.61 million dollars.

ChainCatcher news, according to on-chain analyst @ai_9684xtpa's monitoring, "buy low and sell high WBTC profits 14.26 million dollars smart money" has once again profited 8.93 million dollars through WBTC.He built a position of 377 WBTC (approximately 27.49 million dollars) at an average price of 72,926 dollars starting from October 2024, and is suspected to have sold 150 WBTC at an average price of 101,727 dollars in the past week when BTC tested new highs, expecting a profit of 4.32 million dollars.Currently, there are still 147 WBTC remaining, with an unrealized profit of 4.61 million dollars.

ChainCatcher news, according to CoinDesk, Coinbase stated that it decided to delist wBTC due to "unacceptable risks" posed by Justin Sun. Last week, the issuer of wBTC, BiT Global, filed a broad lawsuit accusing Coinbase of improperly favoring its competitor cbBTC.However, in a 25-page response, Coinbase indicated that this decision was related to Justin Sun, the founder of the Tron blockchain, who has also been accused of fraud and market manipulation in the United States. According to Coinbase's documents, Justin Sun is linked to wBTC through a partnership announced in August. Coinbase stated, "Given Justin Sun's involvement, like many other companies in the industry, Coinbase has serious doubts about whether BiT can be a reliable manager."

ChainCatcher news, according to official sources, Wormhole has been deployed on World Chain. This integration makes Wormhole the interoperability provider for World Chain, initially supporting transfers of WLD, USDC.e, and WBTC.

ChainCatcher message, according to on-chain analyst Yu Jin's monitoring, ETH band whales have continued to short BTC in the past hour: borrowing 200 WBTC from Aave and then selling it on-chain for 20.9 million USDT.Currently, the whale has borrowed a total of 420 WBTC from Aave and sold them at an average price of $103,402, with an unrealized loss of $750,000.

ChainCatcher message, according to on-chain analyst @ai_9684xtpa's monitoring, a certain whale sold 200 WBTC in the past 2 hours, worth approximately 20.89 million USD. Currently, its average short price for 420 WBTC is 103,375 USD, with a total value of about 43.42 million USD.

ChainCatcher news, according to on-chain analyst @ai_9684xtpa's monitoring, WBTC has a market share of 58.26% in wrapping Bitcoin, exceeding 135,000 coins. Compared to the second place BTCB, it leads by more than double, and compared to cbBTC, it leads by over seven times.

ChainCatcher message, according to on-chain analyst @ai_9684xtpa's monitoring, ETH band win rate is 85%, and whales are shorting WBTC. In the past 12 hours, they borrowed 220 WBTC from Aave and sold it short through on-chain and Binance, with an average price of $102,398. Unfortunately, this coincided with BTC's rise again, resulting in an unrealized loss of $511,000 at the current price.10 minutes ago, they borrowed another 200 WBTC, indicating they are determined to continue shorting. The total short position has now reached 420 WBTC ($44.09 million).

ChainCatcher message, according to on-chain analyst Yu Jin's monitoring, high win-rate ETH band whales deposited USDT obtained from selling ETH a few days ago into Aave as collateral, then borrowed 220 WBTC 9 hours ago and sold it on-chain at an average price of $102,366, converting it into 22.52 million USDT.At the current BTC price of 105,200, their short position has already incurred a floating loss of $620,000.

ChainCatcher news, according to financefeeds, Coinbase has been sued by Hong Kong-based BiT Global Digital Limited for over $1 billion after deciding to delist Wrapped Bitcoin (wBTC), accusing it of market manipulation and anti-competitive behavior.BiT Global alleges that Coinbase undermined wBTC to promote its own competing product, cbBTC, resulting in financial losses and diminishing consumer confidence in wBTC. The lawsuit claims violations of the Sherman Act and false statements regarding wBTC's compliance with listing standards, as well as predatory behavior.BiT Global's legal team stated that Coinbase's actions threaten market fairness. The lawsuit seeks over $1 billion in damages and requests injunctive relief to prevent further harm to the wBTC market.

ChainCatcher message, according to Onchain Lens monitoring, a certain whale used 14.75 WBTC and 150,000 USDC in the past 2 hours to purchase $1.58 million worth of PEPE.

ChainCatcher news, according to monitoring by Shield, after BTC dropped to a low of about $94,150 early this morning, a long BTC address (0xa76b...e81c) was liquidated for 44.64 WBTC (worth approximately $4.34 million).

According to ChainCatcher's message, on-chain analyst Yu Jin monitored that a certain wave of investment sold WBTC at a price of $101,437 after BTC broke $100,000 yesterday, and two hours ago spent 45.81 million USDT to buy back 468.7 WBTC at $97,725.This is his fourth WBTC wave since October, and since the BTC price has been rising, all of his recent waves have been profitable.

ChainCatcher message, Sky announced on the X platform that the execution voting has now started. If passed, the proposed changes to the Sky protocol will take effect 30 hours after approval by the Sky ecosystem governance committee. The impact on users is as follows:Changes in Savings RatesSky Savings Rate (SSR) will increase to 12.5%, Dai Savings Rate (DSR) will increase to 11.5%.Stable Fee Parameter UpdatesETH stable fees will increase: ETH-A will increase to 12.75%, ETH-B will increase to 13.25%, ETH-C will increase to 12.5%.WSTETH stable fees will increase: WSTETH-A will increase to 13.75%, WSTETH-B will increase to 13.5%.WBTC stable fees will increase: WBTC-A will increase to 16.25%, WBTC-B will increase to 16.75%, WBTC-C will increase to 16%.

ChainCatcher news, according to PeckShieldAlert monitoring, the address 0xa76b...e81c was liquidated for 95.01 WBTC (worth approximately 9.34 million USD) due to a long position in Bitcoin. This liquidation occurred after Bitcoin broke the 100,000 USD mark and briefly dropped to around 94,000 USD early this morning.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, a whale purchased 553.3 WBTC at an average price of $96,966 one week ago, and sold these WBTC at an average price of $101,437 five hours ago after BTC broke $100,000, making a profit of $2.47 million. In the last two months, he has made three swing trades on BTC, totaling a profit of $18.16 million (of course, if he had held instead of trading, the profit would have been $26.48 million).Additionally, he transferred a total of 10.39 million USDT to Bitget in the last three days.