Welcome to the protocol, the weekly COINDESK envelope of the most important stories in the development of cryptocurrency technology. I’m Margaux Nijkerk, reporter in Coindesk.
In this number:
- Ethereum developers are directed to December for Fusaka Hard to
- Plasma to start Beta Blockchain Mainnet for Stablecoins
- XRP holders can now win up to 8% through a new rethink liquid tab
- The Internet computer bets big at AI while crypto markets play putting up.
Network news
Fusaka will come this December: The developers of Ethereum Core have confirmed an attempt map for the next important update of the Network, Fusaka, during a developer consensus call of all the main ones (ACDC). The update, designed to even more climbing the block chain, is now scheduled for early December, with monitoring changes aimed at more than doubling Blob’s capacity in later weeks. Before Fusaka’s update arrives at Mainnet from Ethereum, developers will boost the code through three public test networks in October. If these tests continue without problems, Mainnet activation is directed to December 3. The developers pointed out that the exact numbers and time of the time will be confirmed in the next few days. Although Fusaka will not immediately change Blob’s parameters immediately, the call described a gradual approach to climb Blob’s availability through the so -called BLOB parameter fork (BPO). A week after Fusaka BPO-1 will raise the Target/Max blog from 6/9 to 10/15, then a week later, BPO-2 will push the limit to 14/21. These incremental changes are based on the performance observed in the Fusaka Devnet-5 and are destined to safely expand the capacity without requiring software updates on the client’s side. Blobs, introduced into the March Dencun update, allows Ethereum Oliver Knight Read more.
Plasma Blockchain for Stablecoins comes: Plasma, A New Blockchain Built Specifically For Stablcoins, is set to Flip The Switch on its Long-Awaited Mainnet Beta, Introduction The Chain and ITS Native Token, XPL, on Sept. 25. ACCORDING TO A BLOG POST FROM THE TEAM, THE NETWORK WILL DEPUT WITH MORE THAN $ 2 BILLION IN STABLECIN LIQUIDITY FROM OVER A SINDRED PARTNERS ON DAY ONE-AN AGGSIVE ATTEMPT TO POSITION PLASMA NO. That will not be an easy task. Ethereum and Solana already dominate the stable volumes, while the newest chains continue to optimize for similar flows. The Plasma bet is that its architecture, called Plasmabft, will give it an advantage. The system is designed for rapid transactions and stablecoin composed that the team said, and from the launch, users can move the USDT with zero rates through the plasma board; A feature that the team expects to stand out in a landscape defi full of people. Before launch, 10% of XPL was sold in a public offer. At the launch, 25 million tokens will be assigned to the community, with another 2.5 million reserved for the members of the so -called Stablcoin Collective. Margaux Nijkerk Read more.
Midas and Interops Lavs reveal a new liquid record: Real World Assets Project (RWA) Project Midas and Ineterop Labs presented MXRP, an attempt to channel the latent XRP supply in performance structures that could deliver yields of up to 8%. Announced in XRPL Seoul 2025 on Monday and launched as the first liquid stable product directly linked to the XRP ecosystem, the product is stun in XRPL EVM through audited contracts. XRP is united and wrapped in the framework of Midas tokenized certificate. MXRP can be used as a structured vehicle that users can locate in the existing decentralized finance infrastructure (defi), with early strategies that include the market and liquidity supply. The directed net yields are established in the range from 6% to 8%, with fluctuating results depending on the performance of the underlying strategy. Shaurya Malwa Read more.
ICP Big Bet on AI Tech Stack: The ICP, a blockchain project that has tried to differentiate itself from the rivals, is doubling its tone as the network to go to artificial intelligence (AI) in the chain. This could be the beginning of a new technological pile, one in which AI, not humans, becomes the main application developer, according to Dominic Williams, founder of the Internet computers developer Dfinity. Williams argued that, although cryptography prices remain largely driven by market mechanics (treasure operations, liquidity games and speculation, the underlying technology will eventually force a calculation in an interview with COINDESK. “In the long run, the markets begin to reflect realities in the field,” he said. “But so far you are not seeing what is happening with what is happening with what is happening with the internet computer In the price of ICP. “The Internet computer first demonstrated neural networks that are executed as intelligent contracts in April last year, starting with the classification of images and the posterior facial recognition, said Williams. Although those were relatively simple models compared to large language models, of the type that feed ia tools such as Chatgpt and Gemini, they were tests of concept. Native in a block chain. I DELIVER IT AS A WORK APPLICATION, LOST DIRECTLY IN THE INTERNET COMPUTER. Jamie Crawley Read more.
In other news
- The key metric linked to the Blackrock BTC exchange fund, which is quoted in Nasdaq, has been intermitting warning signals for two consecutive months. The collection bias of one year of Ibit, a measure of feeling of the market or pessimism, turned positive on July 25 and has remained comfortably above zero since then, according to the chameleon of the data source market. That is two consecutive months of downspout bias. In other words, merchants have constantly favored the protective positions of the bullish calls for two months, indicating a sustained perspective of caution or with risk restructuring. A similar sale option was observed from March 8 to April 21 of this year, a period marked by strong decreases both in the spot and IBIT price, mainly driven by the weakness induced by the commercial war on Wall Street. – Omkar Godbole Read more.
- The Bitcoin rupture (BTC) below the key support has caused a lot of calls to ‘buy immersion’ in social networks. However, liquidity trends suggest a potential for a deeper decrease. BTC has fallen more than 3% to $ 111,590 this week, drilling simple mobile averages (SMA) widely in a row of 50 and 100 days. Both indicators have lost their promoting impulse for the first time since April, which is now being convinced to indicate caution for bulls. Meanwhile, the mentions of “buying the fall” on social networks have risen at their highest level in almost a month, a revealing sign of upward feeling among retail investors, according to the Santiment Data monitoring platform. The platform traces “Buy the DIP” mentions using its indicator of social trends, which analyzes the volume of keywords and relevant phrases in Reddit, Telegram and X (previously Twitter). An increase in these mentions is considered a contrary signal by Santiment, which means that continuous price setback could be deepened. – Omkar Godbole Read more.
Regulatory and political
- The United States Public Future Trade Commission is starting an initiative to allow Stablecoins to be tokenized collateral meet margin needs in the vast market of derivatives, inviting industry contributions on how to put such policy online. In the last movement towards cryptographic inclusion in the financial sector of the United States, the interim chief of the CFTC, Caroline Pham, continues to advance in politics in the absence of President Donald Trump’s current candidate to be the president, former commissioner Brian Quintenz. As the confirmation process for Quintenz remains plunged in delays and some open conflicts, Pham has regularly announcing initiatives as part of a “cryptographic sprint” and working with the president of the Commission of Securities and Values, Paul Atkins. “For years I have said that collateral management is the ‘murderous application’ for Stablecoins in the markets,” Pham said in a statement. “I am excited to announce the launch of this initiative to work in close collaboration with the interested parties to allow the use of the tokenized guarantee, including Stablecoins.” Pham had been pressing since last year for a so -called regulatory sandbox for tokenization, when she served as commissioned during the previous administration, and when she assumed the position of Interine President, she announced the search for a pilot program on tokenization backed by Stablecoin. – Jesse Hamilton Read more.
- The US Department of the Treasury. This arm of the administration of President Donald Trump has opened what is known as an “anticipated notice of proposed regulation”, which is an early step to collect information that will be used to prepare a real proposal. In this case, the Government requests data on how to develop its requirements under the Law of the National Innovation Innovation Law for National Innovation for the United States (Genius), including the prohibitions of the issuers, obligations of sanctions, compliance with the anti-launch of money, the balance between state and federal supervision, tax issues and any additional need for the industry for clarity. A period of one month is now open in which the public, and cryptographic companies, can evaluate these complex issues before it closes on October 20. The notice recorded dozens of questions, such as, “is an additional clarity necessary with respect to the extent that reserve assets are required, or should they be in custody?” and “Are there regulatory or foreign payment supervision regulations, or supervision regimes, or development regimes, which can be comparable to the regime established under the genius law?” – Jesse Hamilton Read more.
Calendar
- September 22-28: Korea Bloquchain Week, Seoul
- October 1: Token2049, Singapore
- October 13-15: Digital Asset Summit, London
- October 16-17: Blockchain European Convention, Barcelona
- November 17-22: Devconnect, Buenos Aires
- December 11-13: Solana Breakpoint, Abu Dhabi
- February 10-12, 2026: Consensus, Hong Kong
- March 30-April. 2: ETHCC, Cannes
- May 5, 2026: Consensus, Miami
