Coinbase has hinted at the launch of a new product called “cbBTC,” possibly its own wrapped bitcoin token. 🪙

- In a post on X, Coinbase wrote just one word: “cbBTC,” adding “coming soon” in the comments.

- Base network CEO Jesse Pollack expressed his love for bitcoin and promised to build a “massive bitcoin economy” on Base.

These cryptic posts come amid the controversy surrounding BitGo and Justin Sun, causing concern in the DeFi community.