Despite all signs pointing to success, 100 devs will anxiously scan the Ethereum network for problems after the Pectra fork goes live tomorrow Ethereum developers will be holding their breath for the 12 minutes it takes to work out if Ethereums Pectra hard fork has finalized properly after its deployed tomorrow. During every Ethereum hard fork, there is roughly a 12-minute period the time it takes for two epochs where over a hundred tireless Ethereum developers vigilantly monitor the state of the network for signs of problems, wondering, Did we do enough? Every time Ethereum goes through a major hard fork which is like replacing components of an airplane in mid-flight theres a niggling chance that something could go horribly wrong. Read more
Users’ hot wheel NFT collections and the Mattel Digital Collectibles Marketplace will continue operating as usual through 2025, while the company evaluates what to do next. Toymaking giant Mattel is putting the brakes on its Hot Wheels Virtual Garage non-fungible tokens, pending a decision on the collection’s future. There will be no future releases of any new NFT series or feature drops for the “foreseeable future,” Mattel said in an update on its website. The company said it will decide on the “long-term future” of Mattel digital collectibles. “Your unwavering support and enthusiasm for the Hot Wheels Virtual Garage has been legendary, and we’re incredibly grateful to have been on this journey with you,” the company said. Read more
Bitcoin gave up some of its recent gains, but select altcoin charts still look poised for a breakout. Key points: Bitcoin’s positive sentiment should remain intact if BTC price stays above the 20-day EMA near $92,000. Several altcoins show bullish chart patterns in the 4-hour and 1-day timeframes. Read more
French law enforcement officers freed the man after raiding a property in a Paris suburb where he was held captive for ransom. The father of an unnamed crypto entrepreneur was freed by police in Paris, France, during a law enforcement raid of the property where the man was held captive for ransom over several days. According to reporting from Le Monde, the May 3 raid resulted in five arrests. Local outlet Le Parisien also said the kidnappers demanded between 5 million and 7 million euros, or up to $7.9 million, to release the captive man. Although the details on the identity of the victims remain scant, likely for security reasons, the crypto entrepreneur and his father co-owned a crypto marketing firm based in Malta, French media reports. Read more
Government officials hope the move can attract foreign investment into the Maldives, diversify its revenue streams, and alleviate its debt. The government of Maldives signed an agreement with MBS Global Investments, a Dubai-based family office, to develop a $9 billion crypto and blockchain hub in Malé, the capital of the South Pacific archipelago nation. According to a report from the Financial Times, the agreement, which was signed on May 4, was done in the hopes of moving the Maldives away from reliance on tourism and fisheries by attracting foreign direct investment into blockchain and Web3 technologies. The project outlines plans for the Maldives International Financial Centre, an 830,000-square-meter facility that will reportedly employ up to 16,000 individuals. Read more