Sei Labs wants to simplify its blockchain by going all-in on EVM and dropping support for Cosmos transactions and smart contracts. Sei Labs, a core development team behind the Sei blockchain, has unveiled a new proposal to ditch Cosmos transactions…

Sei proposes EVM-only architecture, phasing out Cosmos transactions and smart contracts

A group claiming to be from Prague has seemingly hijacked LockBit&#8217;s dark web 
panel and leaked sensitive data, including its internal systems and Bitcoin 
wallets. LockBit, one of the most notorious ransomware gangs, appears to have 
been hacked by someone…

LockBit ransomware website hacked, database and Bitcoin keys leaked

Doodles&#8217; non-fungible token (NFTs) sales surged by 97% in the last 24 hours as 
digital collectible traders anticipate the project&#8217;s token generation event 
and airdrop.
On May 8, data from CryptoSlam showed Doodles NFT sales topping $1.1 million, 
nearly doubling the previous day&#8217;s total. The spike placed Doodles in the 
third spot for daily NFT sales, following DMarket and Courtyard NFTs.
Over the past week, Doodles recorded $2.6 million in total sales volume &#8212; up 
368% from the week prior &#8212; ranking fifth among all NFT collections, according 
to CryptoSlam.
The surge comes ahead of the launch of Doodles&#8217; long-awaited DOOD token. The 
project announced on May 7 that the token generation event will take place on 
May 9. 
_Source:__Doodles_
## Doodles to launch DOOD token and airdrop
Doodles announced its memecoin launch on Feb. 13, saying it would mint 10 
billion DOOD tokens on Solana. The project said it would also have a future 
bridge to the Base blockchain.
According ot the team, 68% of the tokens will be allocated to community 
members: 30% to the Doodles community, 13% to the New Blood community, and 25% 
as its ecosystem fund.
Team members will receive 17% of the tokens, while the company gets 5% of the 
token supply. Doodles said these are subject to a one-year cliff unlock period 
and a three-year vesting period. The remaining 10% of the token supply is 
allocated to the project&#8217;s liquidity.
Holders of Doodles NFTs are eligible to pre-register and receive an airdrop 
allocation of the tokens. Exchanges like Binance and Bybit announced that they 
would list the token on their trading platform after the tokens are minted on 
May 9.
_Token allocation for the DOOD Solana memecoin. Source: Doodles_
 _**Related:**__**Mattel to wind down its Hot Wheels Virtual Garage NFTs**_
## NFT market hits $103 million in weekly sales
As Doodles and other top collections saw a surge in activity, total NFT market 
volume reached more than $103 million over the past seven days, a 7% increase 
from the previous week, according to CryptoSlam.
Ethereum-based NFTs still lead the charge with $26.5 million in sales in the 
last seven days. Polygon NFTs took the second spot with $19.1 million in 
sales, driven by real-world asset NFT platform Courtyard, which had over $17 
million in sales alone, making it the top NFT collection for the week.
Mythos Chain and Bitcoin-based NFTs also performed well for the week, having 
$16 million and $12 million in sales, respectively.
_**Magazine:**__**12 minutes of nail-biting tension when Ethereum &#8216;s Pectra 
fork goes live**_

Doodles NFT sales surge 97% ahead of DOOD token airdrop

Pudgy Penguins&#8217; token, PENGU, has jumped to its highest level since February, 
rallying by more than 25% amidst a consistent rise in its NFT floor price over 
the past month. On May 8, the Pudgy Penguins (PENGU) token is leading…

PENGU rallies over 25% ahead of Pudgy Penguins NFT boom

After years of underperformance, Ethereum&#8217;s price gap with Bitcoin could pave 
the way for a long-awaited rebound, analysts say. Ethereum (ETH) has been 
struggling for the past five months, losing momentum to both Bitcoin (BTC) and 
other altcoins. Despite this,…

Ethereum’s price gap with Bitcoin could set stage for comeback for first time since 2019

The Ethereum Pectra upgrade introduced a significant upgrade in account 
abstraction accessibility, with multiple wallets already implementing the 
change.
Pectra introduced Ethereum Improvement Proposal (EIP) 7702, a change that Ivo 
Georgiev, founder and CEO of self-custodial smart wallet Ambire, described as 
&#8220;the single greatest UX upgrade to Ethereum so far.&#8221; Ambire is among the 
wallet providers that have already rolled out support for the new features 
since Pectra went live yesterday.
Ambire&#8217;s announcement shared with Cointelegraph explains that EIP-7702 brings 
smart account functionality to existing user accounts, letting them 
temporarily act as smart contracts. This results in the advantages of account 
abstraction being obtainable without creating new dedicated onchain addresses, 
rendering the transition of existing addresses possible.
Another wallet that launched new features is Trust Wallet, allowing users to 
pay gas (transaction fees) in tokens such as stablecoins instead of Ether 
(ETH). The new wallets are also programmable and still ensure self-custody.
_Source:__Trust Wallet_
 _**Related:**__**AI and account abstraction keys to mass Web3 adoption: X 
Spaces recap with Plena Finance**_
## Ambire&#8217;s take on the update
According to an Ambire announcement shared with Cointelegraph, key features 
that users can now enjoy without switching accounts include a crosschain by 
default architecture, with one dashboard showing balances on all chains. One 
wallet can be used across all blockchains, gas fees are abstracted and the 
system uses decentralized finance (DeFi) aggregator Li.Fi for its swap and 
bridging needs.
The company also promises transaction simulation across all supported chains, 
scam application detection and minimal token approvals. This statement follows 
some developers raising concerns that EIP-7702 provides a new avenue for 
phishing campaigns to empty entire wallets at once.
Ambire also claimed that it does not rely on third-party services, allowing 
for better privacy features and higher reliability (no third party whose 
outage will result in a wallet outage). The firm also said that the new 
accounts are more accessible to AI agents:
&gt; &#8220;Account programmability enables AI agents to act upon your account in the 
&gt; future to enhance your portfolio yield, save your DeFi positions, claim 
&gt; airdrops automatically and more.&#8221;
Georgiev claimed that Ambire&#8217;s offering is the first on the market since Trust 
Wallet announced that it will be &#8220;live soon.&#8221; Ambire&#8217;s updated system was 
deployed minutes after the update during a live X conference.
_**Related:**__**How smart accounts and account abstraction can unlock 
Ethereum &#8216;s full utility**_
## Trust Wallet&#8217;s new systems
Trust Wallet&#8217;s announcement describes the upgrade as the biggest since 
Ethereum&#8217;s full transition to proof-of-stake in the &#8220;merge&#8221; event. The firm&#8217;s 
CEO, Eowyn Chen, said:
&gt; &#8220;EIP-7702 changes the game.&#8221;
Trust Wallet promises that its users will be able to pay fees in tokens that 
are not Ether and bundling multiple actions in one transaction, for instance, 
approving, swapping and signing a transaction all at once. The new wallet will 
also support sponsored transactions where third parties can cover gas fees to 
onboard new users and automated actions such as subscriptions, dollar-cost 
averaging and more.
All those features will become available to existing users without re-creating 
new accounts with new seed phrases. Like Ambire, Trust Wallet also developed 
its account abstraction infrastructure in-house, minimizing data sharing and 
reliance on third parties.
&#8220;Our vision is to evolve wallets from static key holders into intelligent, 
user-friendly agents,&#8221; Chen said.
_**Magazine:**__**They solved crypto &#8216;s janky UX problem &#8212; you just haven&#8217;t 
noticed yet**_