Over the past seven days, bitcoin exhibited steadfast stability, hovering near its prior valuation, yet the digital asset ecosystem contracted by $30 billion in tandem. The most pronounced setbacks emerged from IMX and IP, which relinquished 22.8% and 20.1% of their value, respectively. Bitcoin Holds Firm as Crypto Market Sheds $30B This week delivered a […]

From Trillions to Billions: TradFi’s Historic $6T Crash Dwarfs Crypto’s $30B Retreat

The Bitcoin network hashrate has topped 1 Zetahash per second (ZH/s) for the 
first time in Bitcoin&#8217;s 16-year history, according to several blockchain data 
sources.
Bitcoin&#8217;s hashrate crossed the milestone on April 5 at a peak of 1.025 ZH/s, 
according to mempool.space data, while BTC Frame data said it hit 1.02 ZH/s a 
day earlier.
Data from Coinwarz says that Bitcoin hashrate soared to as high as 1.1 ZH/s on 
April 4 at block height 890,915 &#8212; however, the same data indicates that 
Bitcoin first crossed 1 ZH/s on March 24.
_Bitcoin &#8216;s hashrate has fallen back below 0.95 ZH/s on April 7 since reaching 
1 ZH/s. Source: __BTC Frame_
## Discrepancy in Bitcoin hashrate trackers
The differences result from the varying approaches used to calculate hashrate 
&#8212; such as when block times and difficulty adjustments are measured, which 
Bitcoin nodes and miner pools are used to pull data from and more.
Bitcoin cypherpunk Jameson Lopp also previously pointed out that estimating 
Bitcoin&#8217;s hashrate with one &#8220;trailing block&#8221; as opposed to five can result in 
a difference of over 0.04 ZH/s.
&#8220;Viewing the raw Hashrate metric can be deceiving due to random variations in 
block times,&#8221; added Blockware Solutions head analyst Mitchell Askew, who 
pointed out that Bitcoin&#8217;s 30-day moving average hashrate is still around 
0.845 ZH/s mark in a note to Cointelegraph.
## Notching 1 ZH/s is a massive network achievement
Despite the discrepancies, the feat highlights the massive amount of 
computational power and increasing decentralization of the Bitcoin network, 
making it more secure than ever and significantly reducing the likelihood of a 
51% attack.
The Bitcoin network&#8217;s reported rise to 1 ZH/s &#8212; equivalent to 1,000 Exahashes 
per second &#8212; marks a 1,000x increase since late January 2016, when Bitcoin 
first hit 1 EH/s for the first time.
The second-largest proof-of-work crypto network, Litecoin, currently boasts a 
hashrate of 2.49 Petahashes per second according to Coinwarz &#8212; making it 
around 40,000 times less computationally powerful than Bitcoin.
_Source:__Pierre Rochard_
Askew noted that the huge rise in hashrate has coincided with more commercial 
Bitcoin mining firms competing to solve Bitcoin blocks in recent years.
&#8220;Miners are doubling down: expanding sites and plugging in more efficient 
machines,&#8221; Askew said, adding that less efficient miners could soon be washed 
out unless Bitcoin&#8217;s (BTC) price rallies again in the coming months.
MARA Holdings is the largest Bitcoin miner with more than 50 EH/s of compute 
power, while the largest share of hashrate is channeled to Bitcoin mining 
pools Foundry USA Pool and AntPool, according to the Hashrate Index.
_**Related:**__**Bitcoin price drops below $80K as stocks face 1987 Black 
Monday rerun**_
At least 24 publicly listed Bitcoin companies have machines set up to mine 
Bitcoin, according to CompaniesMarketCap.com.
Among the other large miners contributing hashrate are Riot Platforms, Core 
Scientific, CleanSpark, Hut 8 Mining and TeraWulf.
## Bitcoin&#8217;s hashrate soars as BTC plummets on recession fears
The new all-time high in Bitcoin hashrate came in the middle of a sharp market 
downturn &#8212; with Bitcoin (BTC) falling nearly 10% over the last four days to 
$78,750, while US stocks saw an estimated $6.6 trillion loss on April 3 and 4 
&#8212; the largest two-day loss ever.
Much of the fall has been attributed to US President Donald Trump&#8217;s tariff 
plans, which many industry analysts say are sparking recession fears.
_**Magazine:**__**Financial nihilism in crypto is over &#8212; It&#8217;s time to dream 
big again**_

Bitcoin hashrate tops 1 Zetahash in historic first, trackers show

Bitcoin price started a fresh decline below the $83,500 zone. BTC is 
consolidating losses and might start another decline below the $80,000 level. 
Bitcoin started a fresh decline below the $82,000 zone. The price is trading 
below $81,200 and the 100 hourly Simple moving average. There was a break 
below a connecting bullish trend line with support at $83,000 on the hourly 
chart of the BTC/USD pair (data feed from Kraken). The pair could start 
another increase if it clears the $80,500 zone. Bitcoin Price Dips Below 
Support Bitcoin price failed to settle above the $83,500 level and started a 
fresh decline. BTC traded below the $83,000 ad $82,000 levels to enter a 
bearish zone. There was a break below a connecting bullish trend line with 
support at $83,000 on the hourly chart of the BTC/USD pair. The pair even 
dived below the $80,000 support zone. A low was formed at $77,057 and the 
price started a recovery wave. There was a move above the $78,800 level. The 
price climbed above the 23.6% Fib retracement level of the recent decline from 
the $83,680 swing high to the $77,057 low. However, the price is struggling to 
continue higher. Bitcoin price is now trading below $81,500 and the 100 hourly 
Simple moving average. On the upside, immediate resistance is near the $80,000 
level. The first key resistance is near the $80,500 level or the 50% Fib 
retracement level of the recent decline from the $83,680 swing high to the 
$77,057 low. The next key resistance could be $81,500. A close above the 
$81,500 resistance might send the price further higher. In the stated case, 
the price could rise and test the $82,500 resistance level. Any more gains 
might send the price toward the $83,500 level. Another Decline In BTC? If 
Bitcoin fails to rise above the $80,500 resistance zone, it could start a 
fresh decline. Immediate support on the downside is near the $77,500 level. 
The first major support is near the $77,000 level. The next support is now 
near the $76,500 zone. Any more losses might send the price toward the $75,000 
support in the near term. The main support sits at $74,200. Technical 
indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. 
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 
level. Major Support Levels – $77,500, followed by $77,000. Major Resistance 
Levels – $80,000 and $80,500.

Bitcoin Price Crashes Hard—Is The Selloff Just Getting Started?

Alon Cohen, co-founder of the Solana-based memecoin launchpad Pump.fun, is set 
to bring back live streaming on the platform &#8212; five months after suspending 
the feature after several incidents involving harmful content.
Posting on X on April 4, Cohen said the feature has returned with &#8220;industry 
standard moderation systems in place and transparent guidelines.&#8221; He said it 
had been rolled out to just 5% of users.
_Source:__Alon Cohen_
Pump.fun&#8217;s website describes the purpose of its new live-streaming moderation 
policy as being &#8220;to cultivate a social environment on pump fun that preserves 
creativity and freedom of expression and encourages meaningful engagement 
amongst users, free of illegal, harmful, and negative interactions.&#8221;
Breaches of the moderation policy could see creators having their livestreams 
and Pump.fun accounts terminated.
The policy prohibits certain types of content, including violence, animal 
abuse, pornography and youth endangerment. However, it also creates ambiguity 
by claiming that &#8220;pump fun does not intend to universally define what content 
is &#8216;appropriate&#8217; or &#8216;inappropriate.'&#8221;
&#8220;There is an implicit assumption that some content &#8212; perhaps much content &#8212; 
generally defined as NSFW will in fact appear on pump fun,&#8221; Pump.fun&#8217;s 
moderation policy states.
The platform added it reserves the right to &#8220;unilaterally determine the 
appropriateness of content where necessary and to moderate it accordingly.&#8221;
## Live-streaming return comes as memecoin market crumbles
Pump.fun removed its live-streaming feature last November after it became 
awash with extreme content as memecoin creators turned to increasingly 
shocking tactics to promote their tokens.
Some users were allegedly threatening violence or self-harm if a token didn&#8217;t 
reach a price goal.
The platform said its unprecedented growth had put a strain on its moderators, 
and that it would pause the live-streaming functionality indefinitely to 
ensure the safety of its users &#8220;until the moderation infrastructure is ready 
to deal with the heightened levels of activity.&#8221;
At the time, Mikko Ohtamaa, co-founder of algorithmic trading firm Trading 
Strategy, said that if Pump.fun continued to allow live-streaming without 
appropriate moderation, it would quickly be shut down once a mainstream 
audience became aware of what was going on.
&#8220;I advocate for freedom of speech, but these streams are causing practical 
issues where people are breaking the law in live broadcasts. This will trigger 
a shutdown when the mainstream media catches a wind on this,&#8221; Ohtamaa said.
Pump.fun&#8217;s decision to reintroduce its live-streaming feature comes as 
interest in memecoins has been down significantly following a series of high- 
profile rug pulls such as Libra (LIBRA) and Melania Meme (MELANIA). That&#8217;s 
coupled with the poor price performance of tokens like Trump (TRUMP) &#8212; which, 
according to CoinGecko, is now down over 90% from its January highs.
_**Related:**__**Libra founder: Memecoin critics only &#8216;bitch&#8217; when left out of 
insider deals**_
Data from Dune Analytics showed in March that the graduation rate for tokens 
launched on Pump.fun &#8212; that is, the percentage of tokens that achieve a large 
enough market cap to become tradable on a regular decentralized exchange &#8212; 
had fallen to under 1%, down from highs of around 1.67%.
Combined with a sharp drop in the number of tokens being launched on the 
platform, this has seen the total number of tokens graduating from highs of 
around 5,400 per week in January to under 1,500 in March.
The number of tokens launched on the Solana network has also fallen 
dramatically overall. Only 31,651 launched on April 5, according to Solscan, 
less than one-third of the 95,578 created at the peak of the memecoin frenzy 
on Jan. 26.
_**Magazine:**__**New &#8216;MemeStrategy&#8217; Bitcoin firm by 9GAG**_

Memecoin platform Pump.fun brings livestream feature back to 5% of users

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Tron founder Justin Sun has compared the controversy surrounding First Digital 
Trust to that of FTX before its collapse but insists the former&#8217;s case is 
&#8220;significantly worse.&#8221; The FTX Comparison Tron blockchain founder Justin Sun 
has compared First Digital Trust’s (FDT) situation, following its reported 
&#8220;unauthorized&#8221; transfer of $456 million from TUSD’s custodial funds, to […]