Ethereum Pectra Upgrade Boosts Smart Account Adoption

The Ethereum Pectra upgrade has accelerated the adoption of smart accounts, with more than 26,000 wallets now utilizing the EIP-7702 standard. This new feature allows externally owned accounts (EOAs) to function like smart contracts, enabling automated transactions, scheduled payments, and multi-step actions while retaining their original addresses. Data from Base analyst 0xKofi reveals significant uptake across Ethereum and Layer-2 networks like Base and Optimism, with exchange and wallet providers such as WhiteBIT and MetaMask leading in smart account authorizations. The upgrade also permits fee payments in tokens other than ETH, enhancing user convenience.

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Gnosis Chain Launches Pectra Upgrade Ahead of Ethereum

Gnosis Chain is rolling out its Pectra hard fork on April 30, ahead of Ethereum’s May 7 implementation. The upgrade introduces 11 Ethereum Improvement Proposals (EIPs) designed to improve performance, staking capabilities, and smart contract functionality. Key features include enhanced account abstraction, sponsored transactions, and an increased validator staking cap from 1 GNO to 64 GNO. The upgrade aims to make onchain interactions more seamless and efficient, with no anticipated downtime. Gnosis Chain’s proactive adoption of Pectra positions it as a leader in Ethereum’s ecosystem, offering scalability and ease of use for validators and users alike.

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Suspicious Cryptocurrency Outflows Linked to Mask Network Founder Detected

Suspicious outflows were detected from a wallet linked to Mask Network founder Suji Yan, with approximately $4 million in cryptocurrencies flagged, including 113 ETH and 48,400 MASK. The funds were subsequently swapped to ETH and funneled through multiple addresses, highlighting the growing sophistication of cyber threats in the Web3 space. This incident follows a series of high-profile hacks, including the $1.4 billion Bybit breach, attributed to the Lazarus Group, which exploited compromised developer credentials to divert funds.

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AI Agents Revolutionize Web3 at ETHDenver 2025 with Hedera and Olas

At ETHDenver 2025, Hedera unveiled its Agent Kit SDK, offering $25,000 in bounties for AI agent projects, while Olas showcased its extensive AI agent economy with over 4 million transactions and launched Pearl, a no-code application for users. Both platforms aim to enhance user experience in Web3, with Hedera simplifying blockchain interactions and Olas focusing on competitive multi-agent systems.

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Cypherpunk Values in Crypto Amidst Financialization and Corporate Influence

Sebastian Bürgel, VP of Gnosis, emphasizes the importance of cypherpunk values in the crypto space, countering the trend of hyper-financialization that prioritizes quick profits. He advocates for empowering individuals through secure, self-custodial financial systems, warning that corporatism and censorship could threaten the original ideals of blockchain technology. Bürgel believes the movement can regain its roots, aligning with a vision that contributes positively to society.

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