Shap-hell-yeah

Upgrades, Wallet Wars, BabyAGI and more

April 16, 2023

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Adoringly,

The Boys

Writer: RachlolEditor: Deana

Glow Up. The season finale of “proof-of-stake” is here. The Shapella (also known as Shanghai) update enables withdrawals of staked ETH and marks the final stage of Ethereum’s transition to proof-of-stake. This new upgrade means a 99.98% reduction in energy. Related, ETH price is its highest since May 2022 and is on pace for a 13% weekly gain. Is this light at the end of the proverbial trauma tunnel (let’s not hold our breath). Not only is ETH seeing ATH’s, Bitcoin has also been holding fast above $30,000 — an indication of increased bullishness. Nature healing?

FTX Presses CONTROL-SHIFT-R. FTX’s “restructuring team” has found over $7.3 billion in liquid assets (!), and are considering reopening the exchange business in July. Whispers of this potential reopening caused the FTT token price to more than double. Do we live in a simulation? We don’t say this lightly: FTX, give up.

The Great Wallet War. After many weeks in App Store purgatory, the Uniswap wallet finally went live this week. It’s a slick experience with ENS support and seamless swaps, and our addled brains love the notifications for completed transactions. Look out Met*m*sk. From Rainbow to Coinbase wallet to up-and-comers like Bitski, the invisible hand of the market is in her grind era.

Nobody puts BabyAGI in a corner. Twitter continued to titter with last week's news of autonomous AI agents that can make decisions and perform actions on their own, and new players have popped up to show off their moves. Do they actually work? We asked it to write a newsletter and it instead gave us a recipe for chocolate chip cookies, so you tell us who has more intelligence.

Remember that Coachella-style announcement to halt AI research from a few weeks ago, with Elon Musk as the headliner? Sounds like the Biden administration might have become a groupie, but Elon continues to play the diva and rumors have it is starting his own AI act. Finally, if you’ve ever wanted to play a voyeuristic version of The Sims, you may soon get your chance. Until then, we’ll be baking cookies.