Bitcoin Daily: Hive Blockchain Sees Bitcoin Production Up, Ether Production Down

Bitcoin mining

Hive Blockchain will likely mine more bitcoin in the third quarter this year compared to the second quarter, the company announced in a Wednesday (Dec. 22) press release. It will also likely see a drop in ether mining because of more competition.

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    Between Oct. 1 and Dec. 21, Hive mined 600 bitcoins and more than 6,280 ether, the release stated. In Q2, it mined 656 bitcoins and 8,688 ether. The company is mining more than seven bitcoins and 65 ether per day. It expects to mine more bitcoin than Q2 and over 6,900 ether by the end of third quarter.

    The decline in ether is due to higher hash rate difficulty because of new participants’ entry into the ecosystem, according to the release. Difficulty spiked by over 16% compared to the last quarter.

    “This drop in the production of ether in the current quarter compared to the prior quarter will be offset partially by the average price of ether increasing by 45%, and the higher bitcoin mined in this quarter boosted by the increase in the price of bitcoin in the quarter of over 35%,” Hive said in the release.

    In other news, Griid Infrastructure, which mines bitcoin, announced in November that it was working on a deal with special purpose acquisition company (SPAC) Adit EdTech Acquisition Corp. regarding a merger to value the company at over $3 billion.

    Read more: Bitcoin Miner Griid Infrastructure Could Go Public via SPAC

    Griid uses carbon-free energy to manage, build and operate U.S. bitcoin mining facilities.

    The company announced that it had gotten a $525 million facility from Blockchain.com to scale and increase capabilities.

    Adit EdTech raised $276 million through its initial public offering (IPO) in January and added industry advisers in August.


    Labubu Mania: From Bridal Boutiques to Blockchain

    Labubu dolls

    David’s Bridal once helped you snag a gown; now it wants to outfit your inner gremlin. The 70-year-old retailer will make you a dress for your Labubu plushie. It’s the latest twist in the runaway toy craze that’s turned Pop Mart’s snaggle-toothed sprite into a $1 billion culture bomb. But wedding aisles are hardly the weirdest place you can nab (or lose) a Labubu. Strap in.

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      Where to Buy a Labubu When You’ve Lost Your Mind

      Mall claw machines, but make it covert. In Los Angeles, collectors stalk random “surprise drops” in Pop Mart-branded vending machines scattered through Westfield Century City and Glendale Galleria. Miss the moment and you’ll pay triple at a tiny Japanese gift shop one floor up.

      TikTok Live “drop culture.” Pop Mart’s twice-weekly streams have become QVC for Gen Z insomniacs. Comment “bubu plz” fast enough and you might score a blind box before bots vacuum the inventory.

      Crypto exchanges. Yes, there’s a LABUBU token. MEXC and a handful of Solana DEXes let you swap USDT for the memecoin, whose only utility is bragging rights and the occasional plush redemption code during promo events.

      Customization Nation

      Etsy sellers are cranking out accessories faster than you can say “K-fashion for cryptids”:

      • KC Chiefs jerseys, mini cowboy hats and even 40 oz. Stanley tumblers for a 5-inch monster.
      • TikTok DIYers airbrush “cotton-candy” pastel gradients onto blank figures, turning each toothy grin into confectionery nightmare fuel.
      • Instagram artists take commissions for full repaint jobs — think goth-black Labubu with Swarovski fangs delivered in under two weeks.

      Peak Sticker Shock

      Record-setting prices are now the norm:

      Labubu Variant Price (USD) Why It’s Nuts
      Mint-Green 131 cm “Human-Sized” 150,000+ One of one; literally toddler-height.
      Labubu × Vans Old Skool 55,000 Sneakerhead clout meets vinyl gremlin.
      MEGA Sketch 1000% 38,000 1:72 chase ratio fuels feral bidding wars.

      Fraud, Fakes and the Rise of ‘Lafufu’

      Scammers smell FOMO like sharks smell blood:

      Counterfeit crisis. U.K. trading-standards raids seized thousands of fake dolls with loose limbs and toxic dyes; some “heads literally disintegrated” during inspection.

      BBB scam tracker. More than 70 U.S. consumers paid sketchy sites advertised on TikTok only to receive nothing or a corpse-painted knock-off missing the requisite nine teeth.

      Bot brigades. Resellers deploy automation to clear official stock in seconds, then relist on eBay at 5-10× markup, pushing frustrated newbies into shady channels.

      Pro tip: if the box lacks Pop Mart’s hologram QR or the doll’s grin looks too gleeful, you’re holding a Lafufu, not a Labubu.

      Paying With Crypto (Because, Obviously)

      Pop Mart itself sticks to fiat, but secondary marketplaces go full Web3:

      • Collectors in Discord “bububanks” swap ETH for grails using multisig escrow bots.
      • Pharrell’s Joopiter auction accepted BTC for a Sacai × Seventeen collab set that cleared $11,000 apiece.
      • There’s even a Labubu NFT.

      The Bottom Line

      Labubu’s mutant mash-up of kawaii and chaos has leapt from blind-box addiction to luxury asset class, with side quests in wedding merch, memecoins and law-enforcement seizures. Whether you’re bidding six figures for life-size mint-green vinyl or frantically thumbing a TikTok Live to beat the bots, one truth remains: the gremlin always wins. Happy hunting, and may your nuptials be blessed with nine perfectly pointy teeth.