The Cardano network has achieved an important milestone. AnetaBTC says it has successfully minted cBTC, a form of encapsulated Bitcoin, on the network, marking a big step forward for the Cardano ecosystem. It is reported that AnetaBTC is the first project to implement this function in Cardano. CBTC is a Bitcoin asset on Cardano, similar to the encapsulated Bitcoin wBTC on ETH, but without a centralized custodian. Encapsulating assets helps bridge liquidity from other ecosystems, and encapsulating Bitcoin on Cardano may help unlock liquidity in the Bitcoin market. When minting cBTC, users add their ADA address to the BTC TX metadata, deposit BTC, which is then processed and confirmed by AnetaBTC.