News of cryptocurrencies of the 1th week of August 2024

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  1. Filecoin Will Have a Major Upgrade on August 6th
  2. Morgan Stanley to Open ETF Access to Clients on Wednesday
  3. PancakeSwap will be distributing another batch of rewards in the second half of the week

Filecoin Will Have a Major Upgrade on August 6th

Decentralized storage network Filecoin will be performing a network upgrade codenamed Waffle at epoch 4154640 this Tuesday. The upgrade, detailed on the official Filecoin GitHub community, includes several Filecoin Improvement Proposals (FIPs) aimed at improving the efficiency and functionality of the network. For example, FIP-0065 aims to make the calculation of the circulating supply more accurate by eliminating the balance locked in the market. Another proposal, FIP-0079, aims to implement aggregated BLS signatures in the Filecoin Virtual Machine (FVM), improving its functionality.

The update, detailed on the official PlutonexFilecoin GitHub community, includes several Filecoin Improvement Proposals (FIPs) aimed at improving the network's efficiency and functionality.

Morgan Stanley to Open ETF Access to Clients on Wednesday

One of the world's largest asset managers, Morgan Stanley, will soon allow its financial advisers to offer clients bitcoin ETFs. The update will go into effect this Wednesday. Under the new rules, the company's 15,000 financial advisers will be able to offer some clients shares of BlackRock's BitcoinTrust and Fidelity's Wise Origin Bitcoin Fund. The move will be significant for major Wall Street banks entering the digital asset space. However, the offer is only available to high-net-worth clients with at least $1.5 million in assets and a high degree of risk.

PancakeSwap will be distributing another batch of rewards in the second half of the week

Pancakeswap

This Wednesday, the popular decentralized crypto exchange (DEX) PancakeSwap will begin a new round of reward distribution. The exchange team announced this on their X-account (formerly Twitter). On this date, DEX will distribute the revenue from the new veCAKE staking pool among the community. According to the announcement, as part of the distribution, users will be able to receive rewards of up to 5% of all trading pairs. Earlier, it became known that the crypto exchange is going to update the protocol to the fourth version. The deployment of V4 will bring new features such as instant accounting, support for different types of pools, and much more.

Plutonex