News of cryptocurrencies of the 1th week of August 2024
Filecoin Will Have a Major Upgrade on August 6th
Decentralized storage network Filecoin will be performing a network upgrade codenamed Waffle at epoch 4154640. The event will take place this Tuesday.
The update, detailed on the official Filecoin 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
The Securities and Exchange Commission (SEC) has expressed doubts about whether Solana (SOL) qualifies as a security, which has become a topic of discussion in discussions with potential ETF issuers.
Over the weekend, users noticed that the 19b-4 filings filed by the exchange on behalf of issuers had disappeared from the trading platform’s website. Likewise, these documents are missing from the Federal Register.
In order to start trading an ETF, the regulator must file a Form S-1. However, the SEC does not set a specific review timeline for this form. We can expect updated 19b-4 filings soon, which will provide a more informed opinion on Solana’s status.
PancakeSwap will be distributing another batch of rewards in the second half of the week
Base, the second-layer network on the Ethereum platform, is introducing a new feature called Basenames. This solution will allow users to convert their complex hex addresses into easy-to-remember names using the Ethereum Name Service infrastructure.
- According to the official website, Basenames will be a key element of the network that will allow users to establish their own digital identity on the Base platform.
- Owners of ENS domain names, such as base.eth, will be able to create an unlimited number of subdomains. These subdomains will remain under the control of the owner of the main ENS name.
- When Basenames launches, all available names will be put
