ChainCatcher news, encrypted KOL cygaar posted on X, stating that Abstract has launched the Abstract Global Wallet (AGW), "We are building a brand new chain-level experience—users will never need to download extensions, and applications can seamlessly be 'plug and play'." AGW leverages multiple features of Abstract's native account abstraction protocol.According to reports, AGW aims to address issues such as fragmentation, unclear user experiences, and opaque transaction flows. At its core, AGW is a smart contract wallet driven by account abstraction. AGW will utilize multiple AA features to enhance the user experience.The default signer for AGW will be an embedded wallet powered by Privy. Privy allows users to log in seamlessly via social media, email, passwords, or existing EOAs. The Privy signer will initiate transactions on behalf of the AGW smart account and will also be able to provide real-time transaction simulations and fraud prevention at the point of transaction. The team will also allow users to control AGW in the future using existing EOAs and passwords.

ChainCatcher news, at the Ethereum Developer Community Conference EDCON 2024, Vitalik Buterin delivered a keynote speech titled "The Next 10 Years of Ethereum." He reviewed the significant progress Ethereum has made in terms of fees, transaction inclusion times, and wallet security, and anticipated that within the next five years, smart contract wallets like Safe will be widely adopted. Vitalik mentioned that the decentralized Twitter project from 2015 was EtherTweet, while 2024 will see the more scalable Firefly (a client combining Farcaster, Twitter, and Lens).Looking ahead to the next 10 years, Vitalik stated that by 2034, Ethereum's scalability and transaction fees will improve significantly, and user experience will combine with security to provide a safer experience than traditional Web2 services. Using Ethereum L2 will be as seamless as using the mainnet directly. He emphasized that developers should go beyond Web2 and explore new areas such as wearable devices, local AI, AR, and BCI. Additionally, he mentioned the possibility of embedding community notes, prediction markets, and other technologies directly into wallets or browsers, enhancing security verification.

ChainCatcher news reports that, according to Cyvers Alerts monitoring, the attacker of the Ethereum Layer 2 protocol Loopring has transferred assets from the affected users' wallets to the hacker's address. All stolen digital assets have been exchanged for ETH, and the hacker's address currently holds 1,373 ETH, worth over 5 million dollars.Previous news indicates that some Loopring smart wallets were attacked due to vulnerabilities, and the team is working with law enforcement and security teams to track down the attacker.

ChainCatcher news, at the Oak Grove Crypto 2024 held on April 5, Trust Wallet's Community & Growth Lead Scarlett Zhang mentioned in her keynote titled "Introducing Trust Wallet: Account Abstraction-Powered Smart Contract Wallet" that since its establishment in 2017, Trust Wallet has integrated over 110 public chains and attracted more than 80 million loyal users worldwide.Scarlett Zhang also introduced the recently launched smart contract wallet Trust Wallet SWIFT, which currently allows login via biometric methods, but the private keys are still end-to-end encrypted and fully stored on the user's device, similar to the method of using facial recognition to access data on an iPhone.Scarlett Zhang revealed that Trust Wallet is developing growth tools, with an on-chain interaction platform expected to launch in May this year, helping ecosystem projects achieve precise exposure through the wallet ecosystem while allowing wallet users to safely access the hottest and most promising projects on the market with minimal effort.

ChainCatcher news, the smart contract wallet Clave has completed a $1.6 million Pre-Seed funding round, led by Matter Labs, with participation from Safe, Lambda Class, Mirana Ventures, as well as angel investors Sandy Peng from Scroll, Raj Parekh from Portal, and Anurag Arjun from Avail.It is reported that Clave originated from Opclave, which was showcased at the 2023 Ethereum Global Scaling Hackathon (ETHGlobal Scaling Ethereum Hackathon). Clave aims to provide a simpler blockchain experience for everyone.In addition, Clave is currently developing a non-custodial wallet designed to offer users a friendly all-encompassing financial experience through hardware-level security elements (such as Passkeys) while introducing account abstraction features to simplify wallet creation and usage. Users can create accounts with one click, receive and send tokens using links and nicknames, and even split bills with friends.

ChainCatcher news, the multi-chain wallet Trust Wallet officially announced the launch of the account abstraction-driven smart contract wallet Trust Wallet SWIFT, which has entered the public testing phase and will be globally launched on February 26, 2024.It is reported that SWIFT supports 7 low-cost and scalable major EVM chains, including Arbitrum, Polygon, BSC, opBNB, Base, Optimism, and Avalanche, and plans to add support for more chains.

ChainCatcher message, published by Gnosis' smart wallet infrastructure Safe, states that users can now use their Google accounts to access the Gnosis Chain-based Safe{Wallet}, enabling self-custody without the need to enter a recovery phrase, and without paying any network or gas fees to create an account on the Gnosis Chain. Users can also enjoy 5 free transactions per hour on the Gnosis Chain.

ChainCatcher news, cryptocurrency custody platform Fireblocks stated that it recently discovered an ERC-4337 account abstraction vulnerability in the smart contract wallet UniPass. This vulnerability allows attackers to fully take over the UniPass wallet by replacing the wallet's trusted EntryPoint to activate the account abstraction module. Once the account takeover is complete, the attacker can treat the wallet as their own and steal all the funds within it. The vulnerability has now been fixed in collaboration between both parties.

ChainCatcher message, the intent-centered development project Essential has launched a draft standard ERC-7739 that supports general intents for smart contract wallets, allowing user intents to be added to account abstraction wallets, where user intents are signed as messages and then ultimately verified on-chain through separate transactions, and these signed messages are propagated in their own memory pool.It is reported that the goal of this specification is not to dictate how to accurately handle, structure, or manage off-chain intents, but to create a framework for smart contract wallets to integrate and automatically support the various possibilities defined by the signed intents themselves. Therefore, when new intent use cases arise, this framework also needs to allow for seamless and permissionless upgrade and code extension processes.

ChainCatcher news, the OKX AA smart contract wallet will launch the second phase of the Free Gas event from September 7 to October 5, 2023. During the event, users of the OKX AA smart contract wallet with USDC assets greater than 10 USDC in their wallets can enjoy 5 free Gas transactions per day when paying Gas with USDC, with a maximum discount of 5U per transaction (if the Gas fee exceeds 5U, the subsidy cannot be enjoyed). This event covers 7 popular public chains: Ethereum, Polygon, Arbitrum, Optimism, BNB Chain, Avalanche, and OKTC.It is reported that the first phase of the OKX AA smart contract wallet has supported users to pay Gas directly with stablecoins USDT/USDC, complete multi-step interactions on-chain DEX and DeFi with one click, and other functions, and will launch additional features such as social recovery in the future, enhancing the convenience of using Web3 wallets. In addition, the OKX AA smart contract wallet has now open-sourced its smart contract code.

ChainCatcher news, Messari stated in the released report "Unifying Standards: Safe{Core} Protocol" that the multi-signature wallet Safe (formerly known as Gnosis Safe) holds over $50 billion in assets within its smart contract wallet accounts, making it one of the preferred solutions for smart contract wallets.

ChainCatcher news, OKX has officially launched the AA smart contract wallet. The initial features will support users in creating AA smart contract wallets on seven popular public chains: Ethereum, Arbitrum, Polygon, Optimism, BNB Chain, Avalanche, and OKTC. Users can directly pay Gas with stablecoins USDT/USDC, and multiple functions such as one-click completion of on-chain DEX and DeFi interactions have improved the convenience of wallet usage.It is reported that the OKX AA smart contract wallet has also launched a Gas-free transaction activity, allowing users to enjoy one Gas reduction per day during transfers or transactions, with a maximum reduction of 5U. Additional features such as social recovery will be launched in the future. Users need to have a mnemonic wallet, a non-custodial wallet, or a hardware wallet on the OKX App to immediately experience the AA smart contract wallet.

ChainCatcher news, BitKeep wallet has launched an Account Abstraction (AA) smart contract wallet on Starknet. The BitKeep technical team revealed that they have been developing solutions for account abstraction over the past few months, helping users eliminate the need to manage private keys and mnemonic phrases, lowering the entry barrier to Web3, and making crypto wallets smarter and easier to use. The team plans to gradually introduce the AA wallet experience to other chains, improve basic functionalities, and add applications such as multi-signature, gasless transactions, and various wallet management permission strategies, providing users with more choices and flexibility.As a one-stop Web3 multi-chain wallet, BitKeep has always prioritized user experience and practiced innovation to optimize products. They hope to provide users with higher quality decentralized asset management services through the account abstraction wallet and contribute to the development of the Web3 ecosystem. Additionally, after Bitget, a crypto derivatives exchange, invested an additional $30 million to acquire a controlling stake in BitKeep at a valuation of $300 million in March this year, BitKeep is undergoing a comprehensive brand upgrade and will officially be renamed Bitget Wallet soon.

ChainCatcher news, the official Chinese Twitter of OKX stated, "Smarter, more new possibilities, the next generation Web3 wallet of OKX is about to launch," officially announcing that its AA smart contract wallet will soon be online.Previously, Ethereum founder Vitalik Buterin has repeatedly emphasized that smart contract wallets are the future of Web3 wallets, and in his summary speech at the EthCC conference, he highlighted that account abstraction will make crypto wallets as simple as email.

ChainCatcher news, according to Decrypt, the smart contract wallet Argent has launched the NFT marketplace Unframed on Starknet.It is reported that Argent already has over 1 million users on Starknet, with 4,000 new wallets funded daily. (source link)

ChainCatcher message, regarding "the pros and cons of MPC-based (EOA) wallets versus smart contract wallets," Vitalik Buterin tweeted in response, "MPC-based EOA wallets have a fundamental flaw because they cannot revoke keys (re-sharing doesn't count; old holders can still recover the keys), smart contract wallets are the only option." (source link)

ChainCatcher news, multi-chain DeFi management platform Instadapp has launched the smart contract wallet Avocado.In addition to having built-in account abstraction features, the Avocado wallet also connects to the Avocado network, which has its own remote procedure call (RPC) nodes, allowing the network to read on-chain data and send transactions to different blockchains. This means that once the wallet is connected to the Avocado network, the network will automatically create a wallet address linked to an external wallet, allowing any tokens supported on-chain to be sent and received through the network wallet.Additionally, gas fees are not paid by users in the native currency of a particular chain (such as ETH), but are paid in USDC. (Source link)