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The Protocol: Now Everyone’s Putting a Wrapper on Bitcoin

In this week's issue of CoinDesk's newsletter on blockchain technology, we're covering the drama surrounding "wrapped bitcoin" as Tron founder Justin Sun assumes a custody role, signs of upheaval...
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BitGo Reiterates Autonomy From Justin Sun, Tron as MakerDAO Decides to Dump WBTC

Critics of Sun's involvement don't understand the operational mechanics, the crypto custodian's CEO, Mike Belshe, said during an X Space discussion.
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Coinbase Promotes cbBTC, Wrapped Bitcoin Version for Base Blockchain

Tweets from the crypto exchange and Jesse Pollack, the creator of Base, suggest cbBTC could run on the layer-2 blockchain.
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