<ul><li>Bit Global has dropped its lawsuit against Coinbase regarding the delisting of Wrapped Bitcoin (WBTC), a token used to represent Bitcoin on Ethereum.</li><li>The lawsuit was officially dismissed on June 6 in the Northern District of California, with Bit Global unable to reopen the case in the future as it was dismissed with prejudice.</li><li>The legal tensions eased between custodians and exchanges, showcasing the growing friction in the digital asset ecosystem over control of token infrastructure.</li><li>Both Bit Global and Coinbase decided to end the matter quietly, each paying their own legal expenses with no public details about any settlement, avoiding a prolonged courtroom battle.</li></ul>

Bit Global Drops Lawsuit Against Coinbase

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