火星财经消息，7 月 22 日，据 Dune 数据，Coinbase 推出的封装比特币 Coinbase Wrapped BTC（cbBTC）流通供应量达 53,822 枚，过去一个月增幅超 7300 枚。cbBTC 市值首次突破 60 亿美元，现报 63 亿美元，跻身封装比特币市场份额第二位，市场占有率 26.2%，仅次于 wBTC。

<div>火星财经消息，7 月 22 日，据 Dune 数据，Coinbase 推出的封装比特币 Coinbase Wrapped BTC（cbBTC）流通供应量达 53,822 枚，过去一个月增幅超 7300 枚。cbBTC 市值首次突破 60 亿美元，现报 63 亿美元，跻身封装比特币市场份额第二位，市场占有率 26.2%，仅次于 wBTC。</div>

Coinbase旗下封装比特币cbBTC市值突破60亿美元，流通供应量达53,822枚

According to Mars Finance news, on July 22, Dune data shows that the circulating supply of Coinbase Wrapped BTC (cbBTC) launched by Coinbase has reached 53,822 tokens, with an increase of over 7,300 tokens in the past month. The market capitalization of cbBTC has exceeded $6 billion for the first time, currently reported at $6.3 billion, ranking second in the wrapped BTC market with a market share of 26.2%, second only to wBTC.

<div>Mars Finance News, on July 22, according to Dune data, the circulating supply of Coinbase Wrapped BTC (cbBTC) launched by Coinbase has reached 53,822 tokens, with an increase of over 7,300 tokens in the past month. cbBTC's market capitalization has exceeded $6 billion for the first time, currently reported at $6.3 billion, ranking second in the wrapped BTC market share with a market share of 26.2%, second only to wBTC.</div>

Coinbase's wrapped Bitcoin cbBTC market value exceeds $6 billion, circulating supply reaches 53,822

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...