据 Coinbase 主管 Conor Grogan，目前在 PumpFun 和 LetsBonk 平台上发行的大多数代币由机器人控制。根据其提供的数据，LetsBonk 上过去 24 小时内的新代币发行情况显示，排名靠前的账户平均每 3 分钟就推出一个新代币。

<div>据 Coinbase 主管 Conor Grogan，目前在 PumpFun 和 LetsBonk 平台上发行的大多数代币由机器人控制。根据其提供的数据，LetsBonk 上过去 24 小时内的新代币发行情况显示，排名靠前的账户平均每 3 分钟就推出一个新代币。<br><br></div>

Conor Grogan：大多数 PumpFun 与 LetsBonk 新币由机器人操控

According to Coinbase executive Conor Grogan, most tokens currently issued on PumpFun and LetsBonk platforms are controlled by bots. Based on the data he provided, the new token issuance on LetsBonk in the past 24 hours shows that top-ranked accounts are launching a new token every 3 minutes on average.

<div>According to Coinbase executive Conor Grogan, most tokens currently issued on PumpFun and LetsBonk platforms are controlled by bots. Based on the data he provided, the new token issuance on LetsBonk in the past 24 hours shows that top-ranked accounts launch a new token every 3 minutes on average.<br><br></div>

Conor Grogan: Most PumpFun and LetsBonk new coins are controlled by bots

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...