Tech Headlines

1. Ant Digital Technologies Opens Source Blockchain Virtual Machine DTVM

On April 24th, Ant Digital Technologies announced the open-source virtual machine DTVM (DeTerministic Virtual Machine). DTVM achieves performance improvements of approximately 30 times over traditional interpretation execution through an innovative JIT engine and full-link optimization. It is fully compatible with the Ethereum ecosystem and supports six mainstream programming languages: Solidity, C++, Rust, Java, Go, and AssemblyScript. By simplifying the trusted computing base (TCB) for system safety protection, the code library's size has been compressed to below 27% of that of WASM, significantly reducing the potential attack surface while ensuring secure and efficient system operation.

https://mp.weixin.qq.com/s/IUC1hxAidsy77VEU-bUb1Q

2. Cryptocurrency Trading Platform Legend Trading Enters Blockchain Global Payment Sector in Partnership with Circle

According to Foresight News, cryptocurrency trading platform Legend Trading announced its entry into the global payment sector based on blockchain technology, becoming one of the first partners in the Circle Payment Network (CPN). Legend Trading will integrate blockchain and stablecoins to build a fast and efficient cross-border payment system. Additionally, Legend Trading is accelerating its global compliance strategy and has obtained MTL (Money Transmission License) in multiple U.S. states, VASP (Virtual Asset Service Provider) qualifications in Europe, and has submitted a MiCA license application in Ireland while actively applying for cryptocurrency licenses in key markets such as South Africa, Hong Kong, and Singapore.

https://foresightnews.pro/news/detail/71391

3. ZK Proof Software Succinct Partners with LayerZero to Launch vApps, Merging Web2 and Web3 Development Experience

According to Foresight News, ZK proof software Succinct announced via Twitter a partnership with LayerZero to launch vApps, aiming to allow developers to build applications in a Web2 manner while incorporating Web3 verifiability. vApps will use a simplified Rust SDK to free development from the constraints of Solidity and EVM.

https://foresightnews.pro/news/detail/71385

4. Coinbase Partners with PayPal to Advance PYUSD Payment Applications

According to Jinse Finance, Coinbase is expanding its partnership with PayPal to accelerate the adoption, distribution, and use of PayPal's USD stablecoin (PYUSD). Coinbase will support a 1:1 exchange of PYUSD for USD through its custody and trading platform, thereby enhancing the utility of PYUSD and exploring new on-chain use cases.

https://www.jinse.cn/lives/453183.html

5. Ethereum Pectra Upgrade Will Introduce a Feature to Increase Validator Effective Balances

According to Jinse Finance, Ethereum core developer timbeiko.eth announced on the X platform that the Pectra upgrade will introduce a feature to enhance the effective balance of validators for stakers. This means smaller operators can directly stake and increase value, while larger operators can consolidate validators to reduce bandwidth usage in the p2p network. This feature also eliminates the pre-merger PoW follow distance, shortens the delay in processing validator deposits, and introduces withdraws triggered by the execution layer, resulting in a more trustless staking structure. The Ethereum mainnet is set to execute the Pectra upgrade on May 7th.

https://www.jinse.cn/lives/453032.html

6. Sui Launches Digital Mastercard Supporting Crypto Payments for European Users

According to Foresight News, Sui announced a partnership with financial platform xMoney and crypto application xPortal to launch a digital Mastercard supporting SUI tokens, which is now live in Europe. Users can add this card to Apple Pay and Google Pay for everyday purchases using crypto assets. xPortal has integrated Sui into its wallet, which has 2.5 million users, offering features such as buying, selling, exchanging, staking, and payments, while xMoney provides compliant payment infrastructure. Sui plans to launch a physical card and expand to the U.S. market in the future.

https://blog.sui.io/xmoney-xportal-wallet-mastercard/

Industry Dynamics

1. Hong Kong Monetary Authority: Assisted the SAR Government in Two Tokenized Bond Issuances

According to Jinse Finance, Michael Wong, Vice President of the Hong Kong Monetary Authority, stated in an interview that Hong Kong is ensuring smoother bond circulation in the Northbound and Southbound trading schemes and hopes to develop new types of bonds, such as tokenized bonds. Over the past two years, the Hong Kong Monetary Authority has assisted the SAR government in two tokenized bond issuances, using blockchain technology to reduce costs, accelerate timelines, and lower risks, with very positive market feedback. After the government demonstrates its role, it hopes more private sectors will participate in tokenized bond issuances, keeping Hong Kong’s finance at the forefront of the world.

https://www.jinse.cn/lives/453586.html

2. Federal Reserve Withdraws 2022 Guidance on Cryptocurrency Activities

According to BlockBeats, on April 25th, the Federal Reserve announced the withdrawal of regulatory guidance related to banks' cryptocurrency assets and dollar-pegged token operations, updating the expectations for related business standards. This move aims to synchronize regulatory requirements with the evolution of risks and further support innovation within the banking system. The announcement specifies that the Federal Reserve officially nullifies the regulatory letter issued in 2022, which previously required state-member banks to notify in advance about proposed or existing cryptocurrency asset businesses. Following this withdrawal, the Federal Reserve will no longer require banks to fulfill notification obligations but will monitor related activities through regular regulatory procedures.

https://www.theblockbeats.info/flash/291153

3. Japanese Senator Meets with CEO of Bitcoin Company JAN3 to Discuss National Bitcoin Strategy

According to Deep Tide TechFlow, on April 24th, Bitcoin company JAN3's CEO, Samson Mow, met with Japanese Senator Satoshi Hamada to discuss the urgent need for Japan to establish a national Bitcoin strategy. It’s reported that Hamada previously called for the government to establish a strategic Bitcoin reserve in a public speech last year.

https://www.techflowpost.com/newsletter/detail_82258.html

4. Russia to Launch Cryptocurrency Exchange for Qualified Investors

According to Jinse Finance, the Central Bank of Russia and the Ministry of Finance will set up a cryptocurrency exchange for “qualified investors,” which will operate as part of an experimental legal mechanism. Finance Minister Anton Siluanov stated, “This will legalize crypto assets and bring cryptocurrency operations out of the shadows.” Reports indicate that this mechanism applies to individuals "investing more than 100 million rubles in securities and deposits, or having an income exceeding 50 million rubles in the previous year." The central bank stated that this move aims to "increase the transparency of the cryptocurrency market, establish service standards, and expand investment opportunities for high-risk investors."

https://www.jinse.cn/lives/453053.html

In-Depth Analysis

1. MCP In-Depth Report: New Infrastructure Protocols in the Trend of AI + Crypto

As artificial intelligence (AI) and blockchain (Crypto) technologies gradually converge, the global digital economy is undergoing a profound transformation. The combination of AI and Crypto is bringing new development opportunities to traditional industries and providing entirely new business models for the cryptocurrency market and digital asset fields. In this trend, the MCP (Model Context Protocol) protocol, as a key protocol for the deep integration of AI and blockchain, is offering innovative solutions for the decentralized assetization of AI models with its decentralized, transparent, and traceable characteristics.

https://www.theblockbeats.info/news/57904