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ENS Labs has proposed ENSv2, a upgrade that aims to expand Ethereum Name Service to Layer 2 networks and enhance its scalability.

Polygon Labs’ Sandeep Nailwal is taking on an additional role as the firm’s chief business officer.

ENS’s proposal, dubbed “ENSv2,” will completely overhaul the network’s registry system, and transform it into a layer 2, an auxiliary network that provides cheaper transaction fees that is settled on Ethereum.

A third straight week of inflows into digital asset investment products has pushed flows to a year-to-date record of $14.9 billion.

The latest price moves in bitcoin (BTC) and crypto markets in context for May 28. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Crypto exchange-traded funds could see over $100 billion of inflows in the next two years, the report said.

Hong Kong’s Securities and Futures Commission (SFC) will conduct on-site inspections of those crypto trading platforms interested in continuing to pursue their licensing applications as a key deadline looms, the regulator announced Tuesday.

Market participants are expressing bullishness in ether in anticipation of increased institutional demand once spot ETFs start trading.

Dog-themed tokens tend to move after rallies in video game retailer Gamestop, a so-called “meme stock.”