Welcome to the protocol, the weekly envelope of Coindesk of the most important stories in the development of cryptocurrency technology. I am Margaux Nijkerk, a journalist in Coindesk.
In this issue:
- Ethereum developers target December for Fusaka hard for
- Plasma to launch the beta blockchain for the stablescoins
- XRP holders can now earn up to 8% thanks to a new liquid shirt
- The Internet computer is largely betting on AI while cryptographic markets play catch -up
Network news
Fusaka to come in December: The developers of Ethereum Core have confirmed a provisional roadmap for the next major network upgrade, Fusaka, during a fully basic developer consensus call (ACDC). The upgrade, designed to evolve the blockchain more, is now scheduled for early December, with follow -up changes aimed at more than doubled Blob’s capacity in the weeks that followed. Before Fusaka upgrade reaches the main maintenance of Ethereum, the developers will push the code through three public test networks in October. If these tests take place smoothly, the main activation is targeted for December 3. The developers noted that the exact vintage numbers and the calendar will be confirmed in the coming days. While Fusaka itself will not immediately change Blob parameters, the call described a progressive approach for the scale of the availability of the blob via the so-called blob parameter only (BPO). A week after Fusaka BPO-1 will increase the target of the blog/max from 6/9 to 10/15, then a week later, BPO-2 will increase the limit to 14/21. These incremental changes are based on the performance observed on the Fusaka Devnet-5 and aim to widen the capacity in complete safety without requiring software on the customer. Blobs, introduced into the Mars Dencun upgrade, allow Ethereum to more effectively store large quantities of Rolup transaction data, which reduces costs for users of layer 2. – Oliver Knight Learn more.
Plasma blockchain for upcoming stablescoins: The plasma, a new blockchain built specifically for the stalls, is defined to overthrow the long -awaited Mainnet beta long -awaited, presenting the chain and its native token, XPL, on September 25. According to an article in the team’s blog, the network will make its debut with more than $ 2 billion in the liquidity of Stable, but another Purpour, but as an aggressive attempt to position plasma no longer the backbone of stablecoin transfers. It will not be an easy feat. Ethereum and Solana already dominate the volumes of Stablecoin, while the more recent chains continue to optimize for similar flows. The plasma bet is that its architecture, nicknamed Plasmabft, will give it an advantage. The system is designed for rapid and composable stablecoin transactions that said that the team said, and after launch, users will be able to move USDT with zero costs via plasma dashboard – a feature that team’s hope will stand out in a crowded deffi landscape. Before the launch, 10% of XPL was sold in a public offer. During the launch, 25 million tokens will be allocated to the community, with an additional 2.5 million reserved for members of the so-called Collective of Stablecoin. Margaux Nijkerk Learn more.
The Midas and Interop lavas reveal a new liquid token: Active active ingredients (RWA) focused on midas and inter -operating laboratories have unveiled MXRP, an attempt to channel the dormant XRP diet in the yield structures that could provide yields that can reach 8%. Announced on Monday at XRPL Seoul 2025 and presented the first product to create liquid linked directly to the XRP ecosystem, the product is struck on the EVM of XRPL through audited contracts. XRP is sanded and wrapped in the Midas Tokas certificate. The MXRP can be used as a structured vehicle that users can place in the existing decentralized financing infrastructure (DEFI), with early strategies, in particular market creation and liquidity supply. The targeted net yields are set in the fork from 6% to 8%, with fluctuating results depending on the performance of the underlying strategy. Shaurya Malwa Learn more.
ICP is largely betting on the AI ​​Tech battery: The ICP, a blockchain project that sought to differentiate itself from rivals, doubles its argument as an essential network for artificial chain intelligence (AI). This could be the beginning of a new technological battery – in which AI, not humans, becomes the main applications developer, according to Dominic Williams, founder of the Dfinity Internet computers developer. Williams argued that if cryptography prices are largely motivated by market mechanics – Treasury operations, liquidity games and speculation – underlying technology will eventually force a calculation in an interview with Coindesk. “In the long term, the markets are starting to reflect realities on the ground,” he said. “But still, you don’t see what’s going on with the internet computer reflected in the ICP price.” The Internet computer first demonstrated neural networks operating as smart contracts in April from last year, starting with the classification of images and subsequent facial recognition, said Williams. Although these are relatively simple models compared to large language models – the type that Ai Food Tools like Chatgpt and Gemini – they were proof of concept: that AI can natively operate on a blockchain. No other network has achieved this objective, said Williams, despite the chatting on “decentralized AI”. When others rely on an off -chain infrastructure such as Amazon’s web services, ICP seeks to integrate the full AI development and execution stack on the chain. Williams describes this as “an internet self -adaction” – a system where users describe what they want, and an AI provides it as an application of work, hosted directly on the Internet. The biggest idea, said Williams, is that the AI ​​itself will replace a large part of the workflow of today’s developer. – Jamie Crawley Learn more.
In other news
- The key measurement linked to the BlackRock Nasdaq spot, Ibit, flashed on the warning panels for two consecutive months. According to Data Market, a measure of the feeling or pessimism of a year, a measure of feeling or pessimism, overturned positive on July 25 and remained comfortably above zero. It is two consecutive months of broken put bias. In other words, traders have constantly favored protective dishes on bullish calls for two months, signaling a prudent or predictable perspective. A bias of similar put options was observed from March 8 to April 21 of this year, a period marked by a clear drop in cash and Ibit, mainly pulled by the weakness induced by the trade war on Wall Street. – Omkar Godbole Learn more.
- Bitcoin rupture (BTC) below the key support prompted a burst of calls “Buying the dive” on social networks. However, liquidity trends suggest potential for a deeper drop. The BTC dropped from 3% to $ 111,590 this week, piercing the simple mobile averages of 50 and 100 days widely traced (SMA). The two indicators have lost their momentum for the first time since April, now flat to report the prudence of the bulls. Meanwhile, the mentions of “Buy the Dip” on social networks have reached their highest level in almost a month, a revealing sign of bullish feeling among retail investors, according to the Santiment data monitoring platform. The platform follows the mentions of “Buy the DIP” using its indicator of social trends, which analyzes the volume of keywords and relevant sentences on Reddit, Telegram and X (formerly Twitter). A peak of these mentions is considered a signal contrary by santly, which means that the withdrawal of current prices in BTC could deepen. – Omkar Godbole Learn more.
Regulation and Policy
- The Combo Futures Futures Commission US Commodity Futures Commission is launching an initiative to allow Stablecoins as a tokenized guarantee to meet the margin needs on the vast derivative market, inviting industry contributions to the way of putting such a policy online. In the latest movement towards the inclusion of cryptography in the American financial sector, the CFTC parking lot, Caroline Pham, continues to advance the policy in the absence of the current candidate of President Donald Trump as the president of former commissioner Brian Quintenz. While the Quintenz confirmation process remains mired in delays and certain open conflicts, PHAM has regularly announced initiatives as part of a “cryptographic sprint” and worked with the president of the Securities and Exchange Commission Paul Atkins. “For years, I said that collateral management is” the Killer application “for the stablescoins on the markets,” said Pham in a statement. “I am delighted to announce the launch of this initiative to work closely with stakeholders to allow the use of tokenized guarantees, including stablecoins.” Pham had pushed since last year for a so-called regulatory sandbox for tokenization, when she was a commissioner in the previous administration, and when she took the position of acting president, she announced the continuation of a pilot program on the tokenization supported by stables. – Jesse Hamilton Learn more.
- The US Treasury Department pushes forward with a close comment window on its preliminary and official efforts to consolidate the recently established law of Stablecoin in a set of regulations. This branch of the administration of President Donald Trump opened what is known as a “proposed regulation notice”, which is an early measure to collect information that will be used to assemble a real proposal. In this case, the Government requests data on the realization of its requirements under the law on national innovation law and the establishment of national innovation of stablescoins (GENIUS), including prohibitions on issuers, sanctions obligations, anti-whiteness compliance, the balance between the State and federal surveillance, tax issues and any additional need for the CLARITY. A period of one month is now open in which the public – and cryptographic companies – can weigh on these complex questions before its closure on October 20. The opinion has published dozens of questions, such as “is additional clarity necessary concerning the extent to which reserve assets should be held in detention?” And “Are there regulatory or monitoring schemes for the stable foreign payment, or development plans, which can be comparable to the regime under the engineering law?” – Jesse Hamilton Learn more.
Calendar
- September 22-28: Korea Blockchain Week, Seoul
- October 1-22: 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. 2: Ethcc, Cannes
- May 5-7, 2026: consensus, Miami
