Fueled by a ceasefire agreement between the United States and Iran, the price of Ethereum rose by about 9% on Wednesday, reaching a new high in several weeks. At the same time, stablecoin supply hit a historical high, suggesting increased activity across the Ethereum ecosystem. Analysts believe this provides solid support for Ethereum, and investors should watch macro events and changes in technical indicators.

Iran’s Bitcoin mining industry has been severely hit by geopolitical conflicts, with hashrate plunging 77% within a single quarter—from 9 EH/s to 2 EH/s, causing a major impact. Even though global hashrate remains close to 1000 EH/s, Iranian miners are facing difficulties, reflecting how sensitive the mining industry is to changes in energy and policy, yet the Bitcoin network continues to show strong resilience.

U.S. stock market sentiment indicators are fluctuating significantly: retail investors’ panic levels have hit a 20-year high, while institutional short positioning has intensified. The short ratio has reached a multi-year peak, and the market shows a highly asymmetric profile. The risk of a potential “short squeeze” is increasing; with no turnaround signals in sight, investors are holding back, and market volatility and uncertainty continue.

The negative correlation between Bitcoin and global central bank monetary policy suggests that institutional capital has already positioned itself ahead of a potential easing cycle. In the recent spot ETF net inflows have hit a new high, but the market remains choppy and unstable, with weak demand. Corporate allocation has slowed, volatility in the options market has increased, and traders are more inclined to add downside protection.

This article summarizes cryptocurrency news for April 7, 2026. Focus areas include the latest Bitcoin updates, the Ethereum upgrade, Dogecoin price action, real-time cryptocurrency prices, and price predictions. Today’s major events in the Web3 space include: 1、The Solana Foundation launches the dual security program STRIDE and SIRN, covering protocol assessments and incident response; 2、Troubles involving OpenAI hit Worldcoin: an Altman credibility crisis triggers a drop in the WLD price; 3、The SEC moves first: independent crypto fundraising rules will be rolled out, and the CLARITY Act is set for an escalation in its ongoing standoff.

In the first quarter of 2026, the crypto industry saw a wave of project shutdowns, with more than 80 projects ceasing operations, reflecting shifts in market patterns. Analyst Ignas believes this marks the end of the “easy money era,” and that the future will require professional and sustainable economic models. Capital is concentrating in more stable products, and speculative projects face challenges.

Gate News update, April 7, a certain CEX published data showing that in Q1 2026, amid macroeconomic uncertainty, traders tended to increase exposure to commodities risk. The exchange’s Q1 nominal trading volume reached $52.0 billion, up 300% quarter over quarter, with commodities accounting for 7.6% of all trading contracts. Its derivatives business hit a new quarterly high.

The expected shift around Iran ceasefire talks is toward pessimism, and the trading market shows that the ceasefire success rate set by Trump is only 3%. Iran rejected a short-term ceasefire proposal and put forward long-term political and economic conditions, further compressing the room for negotiations. Energy markets are strengthening in expectation, and the probability that WTI crude for April, which hit $120, rises to 77%. Crypto assets such as Bitcoin are under pressure during the phase when risk appetite declines, with capital flowing into traditional safe-haven assets.

Despite weakness in the crypto market, the stablecoin market continues to grow. Over the past week, total market capitalization rose by 0.43%, reaching $317.26B, a new all-time high. The market share of USDT fell to 58.03%, while the circulating market cap of USDS under Sky increased by 9.57%, becoming the third-largest stablecoin.

The International Monetary Fund (IMF) report warns that tokenized finance poses four major risks, including exacerbating market fragmentation, increasing financial stability risks, conflicts in cross-border settlement, and challenges for emerging economies. The IMF recommends implementing policies such as secure money anchoring and unified regulation to address these risks, and notes that the tokenized finance market is growing rapidly.