Vitalik Buterin Proposes Replacing Ethereum’s EVM With RISC-V
Key Developments in Cryptocurrency
Vitalik Buterin Proposes RISC-V for Ethereum: Ethereum co-founder Vitalik Buterin proposed replacing the Ethereum Virtual Machine (EVM) with RISC-V, an open-source framework. The change aims to enhance efficiency and resolve scaling issues.
Matter Labs Sued for IP Theft: Matter Labs, developer of ZKSync, is facing a lawsuit from BANKEX for alleged intellectual property theft involving technology used for their blockchain project. The lawsuit claims former employees misappropriated proprietary technology.
Scroll's Euclid Upgrade Launches Decentralization Era: Scroll announced its Euclid upgrade, marking its transition to "stage 1" decentralization by retiring some centrally-controlled safety features.
EigenLayer Introduces Slashing Feature: EigenLayer has launched a "slashing" feature to ensure accountability among "restakers," completing its original vision for the protocol.
Market Insights
Investors shorting MSTR stock, which increased by 13% in March, encountered over $180 million in failed trades, indicating potential difficulty in repaying borrowed shares.
Bitcoin (BTC) reached a market capitalization of $1.86 trillion, making it the fifth-largest asset globally, surpassing Google's valuation.
Regulatory Updates
Paul Atkins was sworn in as chairman of the U.S. SEC, replacing Gary Gensler, who was viewed unfavorably by the crypto industry.
A report indicated that fundraising for crypto investment vehicles is slower than expected under the Trump administration, despite a positive momentum.
