This week’s significant news in the crypto sphere includes a major Filecoin upgrade, substantial token unlocks, and institutional movements. This article summarizes the key events and their potential impacts on the market.
Points
- Filecoin’s Waffle upgrade promises enhanced performance.
- $39 million worth of IM
Top Crypto News This Week: Filecoin Upgrade, $39 Million IMX Token Unlocks, and More
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This week’s significant news in the crypto sphere includes a major Filecoin upgrade, substantial token unlocks, and institutional movements. This article summarizes the key events and their potential impacts on the market.
Points
- Filecoin’s Waffle upgrade promises enhanced performance.
- $39 million worth of IMX tokens will be unlocked.
- Morgan Stanley to offer Bitcoin ETFs to select clients.
- MultiversX launches xExchange V3 on Testnet.
- GRVT’s open beta testnet and token giveaway.
This week brings several notable events in the crypto world, each potentially impacting the market significantly. From Filecoin’s major upgrade to substantial token unlocks, here’s what you need to know.
Filecoin’s Waffle Upgrade
Filecoin is set to implement the Waffle upgrade at epoch 4154640 on August 6. This upgrade includes several Filecoin Improvement Proposals （FIPs） aimed at boosting network efficiency and functionality. Notable proposals include FIP-0065, refining circulating supply calculations, and FIP-0079, enhancing the Filecoin Virtual Machine （FVM） with BLS Aggregate Signatures.
IMX Token Unlocks
On August 9, Immutable （IMX） will release 32.47 million IMX tokens, valued at approximately $39.29 million. These tokens will be allocated to project development and ecosystem growth. Historically, such unlocks can lead to price volatility, so investors should keep a close watch.
Morgan Stanley to Offer Bitcoin ETFs
Starting August 7, Morgan Stanley will allow its 15,000 financial advisors to offer spot Bitcoin ETFs to eligible clients. Initially, they will offer BlackRock’s iShares Bitcoin Trust （IBIT） and Fidelity Wise Origin Bitcoin Fund （FBTC）. This move signifies a major step for institutional adoption of Bitcoin and could influence broader market trends.
MultiversX Launches xExchange V3 on Testnet
MultiversX has launched its xExchange V3 on Testnet, inviting users to test new features with their mainnet balances. This initiative, known as the “Battle of Yields,” aims to provide a realistic testing environment and ensure the robustness of the new platform features.
GRVT’s Open Beta Testnet and Token Giveaway
GRVT, a self-custodial centralized exchange built on zkSync, will launch its open beta testnet on August 5. The team will distribute 2.4 million ZK tokens among the first 30,000 participants. This token giveaway is part of GRVT’s strategy to attract users and drive early adoption of their platform.
###解説
- Filecoin’s Waffle upgrade is designed to enhance the network’s efficiency and functionality, potentially increasing its attractiveness to developers and users.
- The substantial IMX token unlock may introduce significant market volatility, as large unlocks can lead to increased trading activity and price fluctuations.
- Morgan Stanley’s decision to offer Bitcoin ETFs marks a significant milestone in institutional crypto adoption, potentially leading to increased investor confidence and market inflows.
- The launch of MultiversX’s xExchange V3 on Testnet and GRVT’s beta testnet reflects the ongoing innovation and development within the crypto space, offering new opportunities for users and investors.
- These events collectively indicate a dynamic and evolving market landscape, where technological advancements and institutional participation play crucial roles in shaping the future of cryptocurrencies.
Keeping an eye on these developments will help investors and market participants navigate the crypto landscape more effectively, leveraging these insights for strategic decision-making.