Techub News

Source: Vitalik Buterin

Compiled by: KarenZ, Foresight News.



On April 20, Vitalik Buterin proposed an important proposal regarding Ethereum's long-term L1 execution layer on the Ethereum Magicians platform. He suggested replacing the existing EVM (Ethereum Virtual Machine) with the RISC-V architecture as the virtual machine language for writing smart contracts, aiming to fundamentally improve the operational efficiency of Ethereum's execution layer, break through one of the current major scalability bottlenecks, and significantly simplify the execution layer's design.



Foresight News has compiled a full text of this proposal, aimed at helping readers understand this technical concept. Below is the compiled content of the original proposal:

Original title: (Interest Rate Perpetuals: DeFi's missing piece)
Original author: @defiance_cr
Translation: zhouzhou, BlockBeats



Editor’s note: The lack of interest rate perpetual contract tools similar to CME in DeFi leads to significant interest rate fluctuations and an inability to hedge risks. Introducing interest rate perps can help both lending parties lock in rates, achieve arbitrage and risk management, and promote the integration of DeFi and TradFi, enhancing market efficiency and stability.



The following is the original content (for ease of reading and understanding, the original content has been slightly rearranged):



At the CME, the daily trading volume of interest rate futures exceeds $1 trillion. This enormous trading volume mainly comes from banks and asset managers, who operate by hedging the risks between floating rates and fixed-rate loans issued.

Written by: Lawrence



1. The Industry Mirror of the Du Jun Declaration: Structural contradictions in the primary market are exposed.





Du Jun, founder of ABCDE Capital, announced the decision to suspend new investments and second-phase fundraising plans, akin to a touchstone thrown into the deep waters of the blockchain industry, with the ripples reflecting the systemic contradictions present in the current primary market.





This industry veteran, who has participated in heavyweight institutions like Huobi and Node Capital, sharply points to the core ailments of the industry with terms like 'short-sighted games' and 'lack of value creation': In the frenzy of token liquidity, the original intention of the blockchain technology revolution is being alienated by exchange market value management and institutional arbitrage games.

Written by: Aiying



In the past year, the sluggishness of the crypto industry's primary market has revealed various human behaviors and 'decentralization' regulatory loopholes during the 'bear market.' Market makers in the industry should be the 'helpers' for new projects, providing liquidity and stabilizing prices to help projects establish themselves. However, a collaborative method called the 'Loan Option Model' was universally beneficial in a bull market but is being abused by some unscrupulous actors in the bear market, quietly harming small crypto projects, leading to a collapse of trust and market chaos. Traditional financial markets have faced similar issues, but they have minimized harm through mature regulation and transparency mechanisms. I believe the crypto industry can learn from traditional finance to address these irregularities and create a relatively fair ecosystem. This article will delve into how the loan option model operates, how it can trap projects, comparisons to traditional markets, and current discussions.

Written by: Li Huawai

 

A few days ago, a friend left a message in the background asking: Since the crypto market is already in a bear market, should we give up Bitcoin and embrace gold?

 

 

This sounds like an interesting question.

 

As for whether it is a bear market or a bull market, we have already discussed this issue in several articles a few days ago, so I will not repeat it here. Today we will continue to talk briefly about gold and Bitcoin.

 

Recently, many people have been attracted by the rise in gold, while stocks and cryptocurrencies seem to be less attractive. From the beginning of the year to date (YTD), the return rate of gold has reached 26.75%, while the return rate of the S&P 500 is -10.2% and Bitcoin is -9.3%. As shown in the figure below.

Techub News reports that PancakeSwap will officially implement CAKE Tokenomics 3.0 starting April 23. The veCAKE and Gauges Voting mechanisms will go offline at 8 AM on April 23, and all staking of CAKE and veCAKE will be unlocked from 4 PM. Users who have directly staked CAKE through the PancakeSwap interface will be able to exchange veCAKE for CAKE at a 1:1 ratio, with the exchange deadline set for October 23. Additionally, the CAKE deflation will be divided into two phases. The first phase will start on April 25, reducing the daily issuance of CAKE from approximately 29,000 to 20,000, with the allocation for the ecosystem growth fund being cut by 50% (from around 6,500 CAKE daily to about 3,250), and will be repurposed for the burn mechanism. The second phase (within four weeks after the first phase) will further reduce the daily release to 14,500, resulting in a permanent annual burn of 5.3 million CAKE.

Written by: Bitcoin Magazine Pro

Compiled: Vernacular Blockchain



Bitcoin in 2025 did not experience the explosive start that many anticipated. After the price broke through $100,000, there was a significant pullback, leading investors and analysts to question our position in the overall Bitcoin cycle.



This article will cut through the market noise and deeply analyze a range of key on-chain data and macro indicators to assess whether Bitcoin's bull market remains intact or if it will face deeper corrections.



Healthy Pullback or Cycle End?



A good starting point is the MVRV-Z score, a long-used valuation metric that compares market value to realized value. After peaking at around 3.36, the MVRV-Z score has fallen to about 1.43, corresponding with Bitcoin's drop from above $100,000 to a low of $75,000. At first glance, this 30% pullback seems severe.

Written by: OKG Research Head Lola Wang, Senior Researcher Jason Jiang



During the recently concluded Hong Kong Web 3 Carnival, OKG Research was invited to participate in a closed-door seminar held by the China Data Asset Management 50+ Forum, sharing insights on the tokenization trends of RWA (real-world assets) and the value of on-chain data. I mentioned during the meeting that the current RWA ecosystem shows a clear trend of East-West differentiation: the U.S. focuses more on bringing traditional financial assets on-chain to enhance the discourse power of the existing financial system; while regions like Hong Kong are actively exploring the introduction of non-standard assets into the RWA system to inject on-chain vitality into the real economy. However, through discussions with more industry professionals, I realized that this differentiation reflects different understandings of the core value of RWA: is it to build a more compliant Web 3 asset system, or to expand the accessibility of financial services through tokenization?