In a significant development for the world of decentralized finance, Coinbase has unveiled its cbBTC token, potentially paving the way for wider adoption of Bitcoin in the DeFi space. This move marks the entrance of a major institutional player into the growing field of BTCFi, further solidifying the intersection of cryptocurrency and traditional finance. With the potential for increased accessibility and liquidity, the introduction of cbBTC has the power to revolutionize the DeFi landscape and potentially alter the future of Bitcoin.