火星财经消息，5 月 18 日，Coinbase 宣布，Webull Pay 已选择 Coinbase 作为其加密货币合作伙伴，利用 Coinbase 的加密货币即服务「CaaS」平台，Webull Pay 将使用 Coinbase 的机构级托管、高级交易、USDC 和质押访问功能。

<div>火星财经消息，5 月 18 日，Coinbase 宣布，Webull Pay 已选择 Coinbase 作为其加密货币合作伙伴，利用 Coinbase 的加密货币即服务「CaaS」平台，Webull Pay 将使用 Coinbase 的机构级托管、高级交易、USDC 和质押访问功能。</div>

Webull Pay已选择Coinbase作为其加密货币合作伙伴

Mars Finance reports that on May 18, Coinbase announced that Webull Pay has chosen Coinbase as its cryptocurrency partner, utilizing Coinbase's Cryptocurrency-as-a-Service (CaaS) platform. Webull Pay will use Coinbase's institutional-grade custody, advanced trading, USDC, and staking access features.

<div>Mars Finance News, on May 18, Coinbase announced that Webull Pay has chosen Coinbase as its cryptocurrency partner, utilizing Coinbase's Cryptocurrency as a Service (CaaS) platform. Webull Pay will use Coinbase's institutional-grade custody, advanced trading, USDC, and staking access features.</div>

Webull Pay has selected Coinbase as its cryptocurrency partner

Another case of "address poisoning," causing one user to lose $50 million. Photo: Techradar
The attack caused a shock.
A cryptocurrency user lost nearly $50 million USDT after mistakenly transferring the funds to...

Another case of "address poisoning," causing one user to lose $50 million.

Today we saw gold, silver, and palladium all hit new highs! Since the correction at the end of October, gold has been trading above the 25-35 day moving average; silver is rising along the four-hour moving average; and palladium is rising along the three-day moving average.
Synchronization: This "synchronized new highs" usually signifies the start of a major trend. Gold provides "stability," silver provides "elasticity," while the addition of palladium indicates a dual surge in industrial and investment demand.
In this clear upward trend, trading volume has not weakened significantly and no bearish structure has emerged. Don't try to short the short at the top; otherwise, you'll end up with...

Market Analysis | Gold, Silver, and Palladium Hit New Highs! How High Can They Go!?

Chapter 1: Executive Summary and Industry Landscape Analysis
As of December 19, 2025, the global digital asset mining sector is undergoing the most profound structural transformation since the birth of Bitcoin. With Bitcoin's price retreating to the $86,000 range after reaching an all-time high of approximately $125,000 in October 2025, and the total network hashrate surpassing the 1,000 EH/s mark, mining companies face the dual challenges of compressed profit margins and surging capital expenditures in the "post-halving era."

1.1 Industry Differentiation

Figure 1: Analysis of the Relationship between Hashrate and Market Capitalization of Major Mining Companies in 2025

The above figure clearly shows the current...