In today's crypto news, Coinbase's chief legal officer Paul Grewal responded to criticism surrounding the exchange's token listing and delisting practices amid a $1 billion lawsuit from BiT Global Digital Limited. The lawsuit, filed on December 13, accuses Coinbase of anticompetitive behavior, claiming the company's delisting of Wrapped Bitcoin (WBTC) aimed to promote its own product, cbBTC, and monopolize the wrapped Bitcoin market. Grewal defended Coinbase's compliance with listing standards, stating that the exchange would only delist tokens that do not meet those standards. Meanwhile, Nasdaq announced that MicroStrategy, led by Bitcoin advocate Michael Saylor, will join the Nasdaq 100 Index starting December 23, alongside Palantir Technologies and Axon Enterprise. This inclusion highlights MicroStrategy's significant position in the market as a software firm that has heavily invested in Bitcoin, shifting to a bitcoin hedge fund model since 2020.

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