GM, frens! ☕️ 

Something’s shifted. The charts look a bit healthier, the mood a bit lighter. It’s not euphoria - not even close - but the usual sense of dread has taken the week off.

And that alone changes how people move 😃 

This week, we’re watching:

• 🔥 Pectra upgrade lands - Ambire makes it COUNT

• 🤖 Tether announces new AI mission at AI Week Milan

• 🎥 Netflix wants to make a biopic on FTX, SBF and Caroline Ellison

• ✂️ Sei cuts the Cosmos cord - EVM only from here on out

Even our W3oF Degen Portfolio showed signs of life 🤩

It’s a refreshing change from the usual flatline. How long it lasts is anyone’s guess, but for now, we’ll take the win 🤝 

The Discord is open if you want to ruin the streak 👀 

Pectra upgrade lands - Ambire makes it COUNT

Ethereum’s Pectra upgrade has shipped.

The change introduces EIP-7702 - a proposal that allows smart account functionalities for externally owned accounts (EOAs).

In plain terms: account abstraction, with no migration, no new address, and no extra setup 🧠 

• This turns any regular wallet into a smart one. That means users can batch actions, pay gas in non-native tokens, and eliminate most of the friction that’s historically defined Ethereum UX 🛠️ 

And what’s more important - Ambire Wallet was the first to implement this in production, with real users signing real transactions immediately after the fork 🤯 

One of the first batched transfers was sent to vitalik.eth, using AAVE to pay gas.

The feature is currently live on Ethereum mainnet, Gnosis Chain, and BNB Chain. Base and Optimism are scheduled to follow shortly.

What users can do now

• Sign a single transaction that includes multiple steps: approve, swap, send, revoke

• Skip the ETH requirement for gas - pay with USDC, AAVE, wBTC, or other supported tokens.

• Use the same EOA address they’ve always had. No smart wallet deployment needed.

• All this while keeping full self custody.

For example, Ambire’s EIP-7702 support is implemented at the wallet level. It doesn’t require browser extensions, plugins, or custom chains. Transactions can be built and signed directly in the wallet UI, with full transparency and fee preview 👀 

Why it matters

EIP-7702 brings account abstraction to default accounts, using native protocol rules rather than middleware. The result is a cleaner, simpler, and more secure UX path for all wallets - not just developers and power users 🤏 

Most importantly, it allows wallets like Ambire to provide:

• Gasless onboarding with token gas support 🪙 

• Simplified DeFi workflows with fewer approval steps ⌛️ 

• Improved safety with one click revokes and minimal signature fatigue 🧠 

The shift is not theoretical. It’s happening now. And unlike most wallets still talking about “soon”, Ambire pushed it before the ink dried on the fork 🪶 

If you’ve never tried a smart transaction before, now’s the time. No setup, no new address, no ETH required. Open Ambire, send a batch, pay gas in whatever token you already hold, and feel what Ethereum was supposed to be 👇️ 

You no longer need an invite code to try 😉 

Tether announces new AI mission at AI Week Milan

It started with stablecoins. Then came mining, payments, and infrastructure. Now Tether wants AI 🤯 

At AI Week Milan, Tether CTO Paolo Ardoino revealed the company's latest play: a decentralized AI platform dubbed Personal Infinite Intelligence (PII) - a framework aimed at taking AI out of the data center and wiring it directly into crypto rails.

Unlike most AI platforms, which depend on cloud access and tightly controlled APIs, PII is going to be built to run models locally - on hardware you own - while allowing autonomous agents to transact using stablecoins like USDT and Bitcoin 🪙 

The pitch is clear: if AI is going to operate financial logic, it should speak crypto natively.

That means:

• AI agents with wallets.

• Native onchain payments for compute.

• Peer-to-peer coordination without API keys or permission tokens.

• Support for real economic logic - like subscriptions, settlements, and atomic triggers 🤔 

Tether isn’t building the next ChatGPT. It’s building the pipes for the next ten thousand AI agents - and making sure those pipes settle in crypto.

According to Ardoino, PII will allow developers to train and deploy their own models, with hooks for crypto transactions and autonomy modules. Developers can plug in payment logic that lets AI agents run entire flows: book services, trigger contracts, even top up balances - all without leaving the chain 🤖 

It's also open source. That matters in a world increasingly skeptical of centralized AI control. The move aligns with a broader push in crypto to uncouple intelligence from big cloud providers, and to hardwire blockchain logic into every layer of software autonomy.

No dates were given, but the message was loud: AI is the next battleground, and Tether intends to have infrastructure on it.

Next stop - May 14th, when the company is expected to reveal technical specifics, integrations, and partners at the core AI Week keynote.

Netflix wants to make a biopic on FTX, SBF and Caroline Ellison

According to some sources, there’s a Netflix biopic in the works about Sam Bankman-Fried and Caroline Ellison – the two figureheads of a $10 billion collapse that took the crypto industry down with them 👎️ 

• The production is reportedly backed by Higher Ground, the Obamas’ company, with Graham Moore (the guy who wrote The Imitation Game) attached as writer 🤯 

• There’s no confirmed script, no casting finalised, no release date. Just a platform, a production team, and a burning urge to turn financial ruin into prestige television.

Sources say the series will focus on the "relationship" between SBF and Ellison – a pairing that built one of the fastest-growing exchanges in history, then detonated it in full view of regulators, investors, and Twitter threads 🤦‍♂️ 

It’s not the only adaptation in the pipeline. Amazon, Apple, and Vice are all circling the carcass. Books, documentaries, dramatizations – the FTX collapse is quickly becoming the most overdeveloped IP in crypto history.

Though you know what we probably won’t get? The political rot. The truth about the donor money pipelines. The regulatory blind eyes. The media puff pieces that kept the whole thing afloat long after the math had stopped working 🙄 

Those don’t test well in screeners 🤷‍♂️ 

Ironically enough, with all the media attention the only people not getting paid from this story are the ones who lost their deposits, it seems.

Sei cuts the Cosmos cord - EVM only from here on out

Sei Labs has filed for divorce.

Not from its investors like it usually goes in crypto, but from Cosmos itself - the very ecosystem that birthed it.

The SIP-3 proposal is blunt: kill off Cosmos compatibility, ditch CosmWasm, and go all in on Ethereum’s Virtual Machine. In simpler terms, Sei wants to stop straddling two worlds and finally pick a lane 🤔 

That lane is EVM.

Jay Jog, co-founder of Sei, spelled it out:

• Most of the activity is already on the EVM side, so this isn’t a radical pivot - more like an overdue acknowledgement of reality.

• The future for some projects means one format - which translates to fewer headaches, less overhead. And if that means rewriting some contracts and redeploying dApps, so be it.

Naturally, the price pumped - SEI popped 7% after the announcement. Traders love a good narrative, and “Ethereum alignment” is the kind of phrase that lets them sleep at night.

But underneath the pump is a serious shift in tone.

Interesting how Cosmos, once seen as Ethereum’s modular antithesis, is now just a dusty toolkit getting left behind. At least for this project 🛠️ 

Sei’s bet is that alignment with the dominant standard means deeper liquidity, easier onboarding, and actual dev interest. That’s something to think about, for sure.

Are Cosmos native wallets and tooling are on the way out? Validators might still use internal address formats, and staking won’t die outright, but regarding this chain - the identity crisis is over. It picked a side.

Other worthy reads

Uniswap and Fluid are climbing fast in stablecoin swap share – Curve’s still clinging to the leaderboard.

“How to get better at crypto (using science)” - by Pix

“The Business of Chaos: Why the Most Successful Companies Thrive in Disorder” by Redshirt Insight

That's all for now, frens.

We'll meet in a week! And remember, the market conditions are temporary, but our commitment to building a better DeFi is here to stay. Thanks for joining us, and we look forward to seeing you back next week. Cheers!

Yours, The 🔥 Team

Brought to you by Ambire: The Only Web3 Wallet That You’ll Need!