Technology Headlines

1. Ant Digital Technologies launches the Layer 2 blockchain Jovay designed specifically for RWA transactions, facilitating the efficient circulation of global RWA assets.

On April 30, Ant Digital Technologies launched the Layer 2 blockchain Jovay aimed at overseas markets, featuring an original three-stage hierarchical confirmation mechanism to ensure transaction verifiability. It supports a throughput of 100,000 TPS and an on-chain response time of 100 milliseconds, pushing RWA transactions into the era of “millisecond-level reliable transactions.”

In addition, Ant Digital Technologies unveiled its new generation blockchain virtual machine DTVM (Deterministic Virtual Machine). DTVM integrates the SmartCogent framework for large language model development, accelerating IT engine performance to the highest level in the industry while being fully compatible with the Ethereum ecosystem, eliminating cross-platform development "language barriers" for RWA scenario developers.

https://mp.weixin.qq.com/s/xZSO98iwU9EH5FcXotP-tA

2. Ethereum to Improve User Experience with New Interoperable Address Standards

According to Decrypt, the Ethereum core development team is nearing completion of two critical standards aimed at solving address recognition issues in cross-chain interactions. The ERC-7828 and ERC-7930 standards are expected to be finalized on May 9, with final community feedback currently being gathered in the Ethereum Magicians forum. The ERC-7930 standard will provide a unified network recognition format, while the ERC-7828 standard aims to convert complex cryptographic addresses into a more recognizable "name@service" format. This improvement will effectively reduce the risk of asset loss due to incorrect network selection by users.

https://decrypt.co/317259/ethereum-set-for-ux-overhaul-with-new-interoperable-address-standards

3. WLFI Co-founder: More Collaborations Related to USD1 Are Coming, Working on Integration with Traditional Retail POS Systems

According to CoinDesk, Zach Witkoff, co-founder of the Trump family project WLFI (World Liberty Financial), revealed that more collaborations related to the stablecoin USD1 are forthcoming. He stated, “World Liberty is preparing a large number of plans... We are fully advancing integration with traditional retail POS systems.”

https://x.com/CoinDesk/status/1917880531141693495

4. Morgan Stanley Plans to Offer Cryptocurrency Trading Services for E*TRADE Customers

According to Bloomberg, Morgan Stanley is planning to add cryptocurrency trading features to its E*TRADE platform. Sources familiar with the matter indicate that the project is still in its early stages, with company executives expecting the service to launch next year. To advance this plan, Morgan Stanley is considering partnering with one or more well-known cryptocurrency companies to build a platform for trading popular tokens like Bitcoin and Ethereum for its brokerage clients.

https://x.com/DeItaone/status/1917885701397299485

Industry Dynamics

1. ESMA Finalizes Guidelines for EU Regulators on Detecting and Preventing Market Abuse in Crypto

According to Finance Magnates, the European Securities and Markets Authority (ESMA) has released the final guidelines on preventing market abuse in the crypto asset market, which will be fully implemented within three months of publication as part of the MiCA regulation. The guidelines require regulators in the EU's 27 member states to establish a unified market monitoring system, focusing on three types of violations: insider trading, illegal information disclosure, and market manipulation, with a particular emphasis on enhancing supervision over the spread of false information on social media and blogs. The document mandates that Professional Trading Firms (PPAETs) must deploy automated monitoring tools and establish a tiered processing mechanism for Suspicious Transaction Reports (STORs). For cross-border supervision, ESMA explicitly requires national regulators to share regulatory cases involving non-EU crypto businesses and to regularly report cross-border collaboration issues to ESMA.

https://www.financemagnates.com/cryptocurrency/esma-finalises-guidelines-for-eu-regulators-on-detecting-and-preventing-market-abuse-in-crypto

2. US Senate to Vote on Stablecoin-Related "GENIUS Act" in May

According to Cointelegraph, the US Senate will vote on the "GENIUS Act" in May. This act sets reserve requirements and regulatory rules for stablecoins, aiming to balance innovation with consumer protection. This marks an important step in the regulation of stablecoins.

https://x.com/Cointelegraph/status/1917330166734266488

3. UK Treasury Plans to Collaborate with the US to Promote Crypto Industry Innovation

According to The Block, the UK Treasury announced on April 30 that it plans to collaborate with the US to promote innovation in the crypto industry. Chancellor of the Exchequer Rachel Reeves stated that new regulations will be developed for cryptocurrency service providers such as Bitcoin and Ethereum through a “transformation plan” to enhance investor confidence and foster growth. This move aims to position the UK as "the best place for global innovation." The statement revealed that Reeves recently discussed digital asset regulatory collaboration, including related proposals made by SEC Commissioner Hester Peirce, during a meeting with US Treasury Secretary Scott Bessent in Washington. The two treasuries will continue to explore paths to support responsible digital asset development through the "UK-US Financial Regulatory Working Group."

https://www.theblock.co/post/352407/uk-treasury-to-work-with-crypto-friendly-us-government

In-Depth Analysis

1. A Comprehensive Overview of the Current State of DeFi Development: Aave and Lido Top TVL Protocols, Solana Emerges as the Second-Largest Public Chain

Decentralized Finance (DeFi) is often compared to Traditional Finance (TradFi) and has become a vast and exponentially growing domain within Web3. The goals of DeFi align closely with the frequently heard statement in the crypto space that aims to “provide banking services for the unbanked.”
The promise of global financial services without the need for banks is an admirable goal, and much of Web3's appeal stems from this. This article aims to review the developments in DeFi over the past year from the current perspective.

https://www.panewslab.com/zh/articledetails/2gt7om0l.html