Despite cooling off below $110,00, Bitcoin's growing realized cap and rising Coinbase Premium hint at bullish momentum. CryptoQuant data shows U.S. investors are buying BTC

BiT Global Digital Ltd. has voluntarily dismissed a case against Coinbase Global Inc. alleging the company kicked its wrapped token product off a key cryptocurrency platform.

American Bitcoin has accumulated 215 BTC worth over $23 million since its founding in April this year and promises to continue increasing its holding.

Bitcoin BTC $109,746.24 is trading at $109.7K as the Wednesday trading day begins in Asia, according to CoinDesk market data. While the world's largest digital asset is trading flat in the early hours of the session, CoinDesk market data shows that it's up 4% on the week.

Reports from Coinbase, PitchBook, Gemini, CoinMetrics highlight dynamic growth, challenges, and evolving demographics of the crypto ecosystem.

Following the case dismissal, Coinbase Chief Legal Officer Paul Grewal said the exchange has "zero plans" to relist Wrapped Bitcoin (WBTC).

Coinbase became the first crypto-native company in the S&P 500, signaling broader institutional acceptance of digital assets. Read why I rate COIN stock a buy.