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According to TechFlow, on December 27, the price of gold jewelry recently surpassed 1,400 yuan. Compared to the continuous rise in gold prices, there has been a "polarization" in gold recycling and processing. "The current recycling price is 1,000 yuan per gram. In October, it was still over 900, and now it's at a historic high. As prices rise, not many people are selling; people tend to buy when prices go up, not when they fall." Mr. Chen, who has been engaged in gold recycling for more than 20 years, explained that when gold prices surged rapidly at the beginning of this year, many investors and consumers "cashed out at high levels," resulting in a short-term surge in recycling volume. Currently, recycling has become more stable. (Qilu Evening News)

BlockBeats News, December 27, according to Hyperinsight monitoring, "Maji" has slightly increased net long positions in Ethereum and HYPE over the past 24 hours. As of press time, the total value of its long positions is $24.268 million: Ethereum 25x long position, holding 8,200 coins, with a liquidation price of $2,874; HYPE 10x long position, holding 8,888.88 coins.

According to Odaily, Bitmain has recently made significant reductions in the prices of bitcoin mining machines, with several S19/S21 series models now entering the "clearance sale" range. Internal quotations show that the S19e XP Hydro and 3U S19 XP Hydro are as low as $3/TH/s, while the S19 XP+ Hydro is around $4/TH/s; the S21 immersion cooling machine is about $7/TH/s, and the S21+ Hydro is about $8/TH/s. Previously, the company launched a bundled plan for the S19 XP+ Hydro, which translates to about $4/TH/s, and in November, adopted an auction-based starting price of $5.5/TH/s for the S19k Pro. Analysis indicates that, as network hashrate remains near historical highs while the price of bitcoin has declined, the price of hashrate is hovering near multi-year lows, increasing pressure on the mining industry. This environment is squeezing miners' profit margins and reducing demand for new equipment, especially for less efficient models, while also intensifying competition between ASIC mining machine manufacturers and second-hand market sellers. (TheMinerMag)