Coinbase Wrapped BTC (cbBTC or CBBTC) is a tokenized version of Bitcoin, backed 1:1 by real BTC held in Coinbase custody. It enables Bitcoin holders to use their BTC within DeFi ecosystems across multiple chains like Ethereum, Base, Arbitrum, and Solana. Users can wrap and unwrap BTC directly through Coinbase, while cbBTC can be traded on decentralized exchanges like Aerodrome and Uniswap. The token offers BTC-backed exposure with DeFi utility, allowing users to lend, borrow, provide liquidity, and participate in smart contracts, though it inherits centralized custody risk.
The CLARITY Act now has 100+ changes, but with 60 Senate votes needed, Polymarket bettors still put its odds at 19%.
U.S. Bank just sent its own USBDC stablecoin to Europe on Stellar, putting a 163-year-old lender on a public blockchain.
A Nomic bug minted unbacked nBTC, blew a 36% hole in an Osmosis bitcoin fund and somehow went unnoticed for 74 days.
Bitcoin fell under $77K after hot U.S. PPI data fueled Fed rate hike fears, driving $562M in crypto liquidations.
Nasdaq Ventures will invest $100 million in Kraken parent Payward as the firms expand their tokenized stock partnership.
