Bitcoin24h $117,991.31-0.28%

Ethereum24h $3,816.51+0.85%

XRP24h $3.14+0.44%

BNB24h $805.96-2.13%

Solana24h $181.65-0.91%

Dogecoin24h $0.2244-0.31%

TRON24h $0.3375+3.66%

Cardano24h $0.7855-0.38%

Hyperliquid24h $43.43-0.27%

Sui24h $3.83-2.31%

CHART: The growth of WBTC competitors

Since WBTC announced that Justin Sun would be involved in custody, several competitors have launched or taken advantage of the opportunity.

CHART: Almost every new Poloniex listing is a memecoin

Of Poloniex’s last 100 listings, 94 of them are so-called ‘memecoins,’ many of questionable quality or legality.

Poloniex has withdrawn from Staked USDT (stUSDT) on Ethereum, vastly dropping the utilization of the protocol.

WBTC announced it will transition the custody of bitcoin for the token from BitGo to a joint venture between BitGo, BiT Global, and Sun.

Liberland announced Sun’s new status on Tuesday after an ‘entirely algorithmic blockchain-based election system’ was used to elect him.