On May 2, 2023, at block height 787,895, the hashrate of Bitcoin reached 491.15 EH/s, a record-breaking value. This is equivalent to 500 quintillion hashes per second, or close to half a zettahash. However, April has seen slower block intervals, resulting in a mempool backup. As the network gets ready for the upcoming difficulty change, Bitcoin has reached an all-time high of 491 EH/s, or nearly half a zettahash. With 107.66 EH/s, Foundry USA leads the field of mining pools, closely followed by Antpool (80.75 EH/s), F2pool (42.62 EH/s), Binance Pool (29.91 EH/s), and Viabtc (23.18 EH/s). News Sorce

Early Wednesday morning trading in Asia saw gains for both Bitcoin and Ether, with Litecoin posting the largest gain and BNB posting the largest loss. The next halving of Litecoin will take place in 92 days, and it could rise to 10% of the price of Bitcoin. In the 24 hours leading up to 8:00 a.m. in Hong Kong, the Forkast 500 NFT index fell 2.1%. As investors wait for the Federal Reserve to make its next interest rate decision, U.S. stock futures were mixed. News Sorce

With assets worth more than $572 million at the time of writing, Solana’s trading volume has returned to pre-FTX levels in the last four months. The volume of the decentralised exchange (DEX) has also increased; since the start of 2023, trades worth $5.57 billion have been settled, compared to $5.54 billion in the four months just before the collapse. According to data from DeFiLlama, trading volume over the past four months has been comparable to pre-FTX levels. With assets worth $572 million as of the time of writing, Helium’s move to the Solana chain has boosted liquidity. The weekly average of daily active users is still around 100k, but weekly transaction fees have crept up to pre-FTX levels. Over the past week, SOL’s market cap in BTC has decreased by 41%. News Sorce

Due to the exchange’s ongoing legal battle with US regulators, Citi has downgraded Coinbase stock to “neutral.” The stock will remain under pressure until regulators establish the legal “rules of the road” in the US, according to Citi analyst Peter Christiansen. On YouTube, the chief executive officer of Coinbase, Brian Armstrong, and the chief legal officer, Paul Grewal, responded to the March Wells notice. The latest SEC developments, according to the analyst, don’t indicate that the parties are close to reaching a settlement. News Sorce