Google launched a digital wallet in India on Wednesday and integrated it locally. Ram Papatla, the General Manager of Android and Engineering Lead for India, said at a press conference in New Delhi, "Google Pay is our primary payment app use case. Wallet is tailored for non-payment use cases. Google Wallet will allow Android users in India to store and access their boarding passes, gift cards, event tickets, and membership cards. You can add all this information through QR codes, barcodes, links shared via Gmail, or the "Add to Google Wallet" button on partner apps.

Paxos officially released the transparency report of PYUSD in April 2024, disclosing relevant unaudited data of PYUSD as of 06:00 on May 1, 2024 Beijing time, including: 1. The total amount of tokens outstanding reached $328,083,103; 2. The current market value of collateral in US Treasury bonds is about $14,934,000, and the nominal position value is about $14,800,748; 3. The current market value of collateral in reverse repurchase agreements for US Treasury bonds is about $320,414,640, and the nominal position value is about $314,132,000; 4. The current market value of collateral in total net assets is about $335,349,722, and the nominal position value is about $328,933,830.

Ramon, the product delivery manager of Matter Labs, posted on the X platform that zkSync will be upgraded on May 13th. This upgrade mainly includes four items:

1. P256Verify: This pre-compile allows for signature verification of the secp256r1 elliptic curve and adds ecAdd, ecMul, and ecPairing pre-compiles;

2. Bridgehub: unlocks the basic components of ZK Stack chain interoperability, aiming to seamlessly connect cross-chain transactions;

3. Regarding ZK Stack, the protocol work supporting Validium, custom DA layer, and custom base tokens has also been completed. With some upcoming server changes, these changes will be available on ZK Stack chains;

4. Support for .transfer/.send calls without providing Gas, which can unlock ETH stuck in contracts deployed without following best code practices.

Blockchain incubator and investment company Advanced Blockchain AG announced the establishment of the crypto venture capital firm ABX Ventures in Zug, Switzerland. ABX Ventures will be a wholly-owned subsidiary of Advanced Blockchain AG and will be committed to developing the future of Web 3.0 and innovation in different ecosystems and markets in the industry, in strategic alliance with the Crypto Valley Association and Modulai.

Whales Market announced on X platform that it has launched point trading for deBridge and Elixir.

On May 5th, the Bitcoin NFT Blob team announced the inscription of the rune EPIC•EPIC•EPIC•EPIC on the fourth halving block epic. As a result of this news, the floor price of Bitcoin NFT Blob briefly rose to 0.0699 BTC.

MATR1X has announced its first commemorative treasure chest, the KUKU X Souvenir Case, which contains 15 top-tier weapon skin NFTs. These NFTs are limited edition and will never be added to again. In addition to the top-tier weapon NFTs, it is also reported that 30-40 million MAX tokens will be produced from the opening of the treasure chest activity. MATR1X is expected to launch the treasure chest activity, which includes the KUKU Souvenir Case and Pioneer Case, in mid to late May.

The blockchain game Heroes of Mavia announced on the X platform that the ruby market will open at 9:30 p.m. tonight. Previously, it was reported that the MAVIA token issuance plan is being revised, and by February 2025, the amount of unlocked tokens will be reduced by more than 80%. At the same time, the circulating supply of MAVIA will remain below 14% until February 2025.

Backpack posted on X platform that the snapshot of the third phase of io.net on BackpackExchange has been completed. More details about the io.net airdrop will be released next week.

Sam Altman, CEO of OpenAI, recently stated that any cost is reasonable to become the first company to develop general artificial intelligence (AGI). Altman said this week in a conversation with Stanford students, "I don't care if we burn $500 million, $5 billion, or $50 billion a year. I really don't care. As long as we can find a way to pay the bills, we will do AGI." Altman also said that in the process of spending a lot of money developing AGI, he is more concerned about how quickly society can adapt to the progress made by his company.