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Fusaka Upgrade Targeted December 3rd

Ethereum core developers agreed on a Fusaka upgrade testnet schedule, targeting a mainnet activation on December 3, 2025.

Gm frENS. Happy Thursday, the week is almost over, but we've got exciting news!

Quick Take

  • Fusaka is targeted for mainnet on December 3rd.

  • Coinbase integrates DeFi lending.

  • CoinCenter releases a report on identity.

  • EF funds an Ethereum Research Center.



Fusaka Tentatively Targeted December 3rd

Fusaka is coming! Ethereum core developers have scheduled a tentative timeline for the Fusaka upgrade, targeting a mainnet activation on December 3, 2025. In today’s ACDC #165 call, developers agreed to finalize the upgrade spec with a code freeze by September 22, followed by testnet client releases beginning September 25. Fusaka will first go live on the Holesky testnet on October 1st, then Sepolia on October 14th, and Hoodi on October 28th. If all testnet deployments proceed smoothly, mainnet client releases will follow in early November with the upgrade activation on December 3rd. Alongside Fusaka, developers also scheduled Blob Parameter Only (BPO) forks, which are consensus-only upgrades designed to adjust blob targets and limits. Planned for Q4 2025, Fusaka is Ethereum’s next major upgrade, bringing scaling improvements through PeerDAS. PeerDAS allows nodes to verify blob data availability without downloading full datasets, boosting data capacity and substantially lowering costs for Ethereum rollups.

Coinbase Integrates Morpho Lending

Coinbase integrated DeFi lending directly into its exchange, offering users up to 10.8% APY on USDC deposits. The integration is powered by the Morpho lending protocol on Base, featuring vaults curated by Steakhouse Financial, Coinbase creates a smart contract wallet that routes deposits from Coinbase into Morpho. This launch builds on Coinbase’s crypto-backed loans to create a “DeFi mullet” with fintech simplicity on the front end and institutional-grade DeFi infrastructure on the back end. The feature is rolling out to most U.S. users and allows instant withdrawals, no lockups, and continuous interest accrual.

EF Fund Ethereum Research Center

The Ethereum Foundation has pledged $500,000 per year for three years, with the potential to provide up to $6 million total over time, to establish the Columbia-Ethereum Research Center for Blockchain Protocol Design at Columbia Engineering in New York. The Center will support competitive research proposals in computer science, engineering, economics, and policy, along with graduate and postdoctoral fellowships. The center will also host educational programs like summer bootcamps, the Columbia Cryptoeconomics Workshop, as well as an industry researcher-in-residence program.

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Coinbase Joins Open Intents Framework

Open Intents Framework is a modular stack designed to standardize intents and enhance the cross-chain user experience on Ethereum.

Gm frENS. Happy Wednesday, you're halfway through the week!

Quick Take

  • Coinbase joins the OIF.

  • Stargate launches Fast Swaps.

  • SIWE OIDC server for easy integrations.

  • Fed cuts interest rates by 25bps.



Coinbase Joins Open Intents Framework

Coinbase Payments joined the Open Intents Framework as a core contributor, alongside 30 other teams, including the Ethereum Foundation, Hyperlane, Across, OpenZeppelin, Lifi, and various L2 teams. The Open Intents Framework is a modular stack designed to standardize intents and enhance the cross-chain user experience on Ethereum. Intents are signed constraints that allow users to outsource their orders to a network of independent fillers. Intents enable fast and frictionless asset transfers, enabling a unified experience across chains. The framework provides developers with modular components for building custom intent-based applications.

Stargate Launches Fast Swaps

Stargate Finance, a cross-chain liquidity protocol built on LayerZero, launched Fast Swaps, a new feature enabling single-signature and one-second execution for both cross-chain and same-chain swaps. The feature provides sub-second quotes, guaranteed pricing, MEV resistance, and gas-free swaps. Orders are created and matched offchain, then settled onchain within seconds. Fast Swaps are live on Ethereum, Arbitrum, Optimism, and Base, powered by the Aori universal intent protocol. Applications, wallets, and protocols can also integrate Fast Swaps into their products to offer users instant, seamless trading.

SIWE Easy Integration Via OIDC

The SIWE team launched a public OpenID Connect (OIDC) server that lets apps easily add Sign-In with Ethereum. Any Web2 app that already supports Google or Facebook login can now support Ethereum logins instantly. They also released a Railway deployment template for developers who want to run their own SIWE-OIDC provider. SIWE (EIP-4361) is the standard that enables users to sign into apps by simply signing a message with their Ethereum wallet.

Fed Cuts Interest Rates By 25 BPS

The U.S. Federal Reserve cut its benchmark interest rate by 25 basis points, setting a new target range of 4.00% to 4.25%. It marks the first cut since December 2024. In its latest projections, the Fed expects the federal funds rate to fall further to about 3.6% by year-end, implying another 40–65 basis points of easing. The crypto market cap rallied slightly amid the reduction.

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Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.

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Google Agent Payments Protocol (AP2)

AP2 is an open-source payment-agnostic standard that enables AI agents to securely transact across platforms on behalf of users, merchants, and providers.

Gm frens. Happy Tuesday. Let’s dive into today’s news.

Quick Take

  • Google Agent Payments Protocol (AP2).

  • L2Beat introduces Ecosystem Pages.

  • Mantle upgrades to OP Succinct.

  • The Ether Machine plans to go public.



Google Agent Payments Protocol (AP2)

Google introduced the Agent Payments Protocol (AP2), an open-source payment-agnostic standard that enables AI agents to securely transact across platforms on behalf of users, merchants, and providers. Built as an extension of the Agent2Agent (A2A) and Model Context Protocol (MCP), AP2 creates a common framework for agent authorization, authenticity, and accountability.. AP2 establishes trust through cryptographically signed “Mandates” and verifiable credentials, providing an auditable trail from intent to payment. It will also support stablecoin payments, while also extending into crypto with A2A x402, developed in collaboration with Coinbase, MetaMask, and the Ethereum Foundation. Backed by 60+ global partners, including American Express, Mastercard, PayPal, Intuit, Salesforce, and EigenLayer, AP2 is designed to unlock new commerce models and coordinated agent-to-agent transactions.

L2Beat Adds Ecosystem Pages

L2BEAT launched Ecosystem Pages, a new dashboard that aggregates data on Ethereum scaling ecosystems by deployment stack, including the Superchain, Arbitrum Orbit, the ZK Stack, and the AggLayer. The pages bring together key metrics such as total value secured (TVS), transaction activity, DA layer, and chain stages. The pages also track RaaS providers, governance data, and milestones or incidents.

Mantle Upgrades To OP Succinct

Mantle upgraded its proof system to OP Succinct on mainnet, transitioning from an Optimistic Rollup to a ZK Validity Rollup on the OP Stack. The upgrade brings faster settlement with 1-hour finality and 12-hour withdrawals, greatly reducing capital idle time for users. All new state roots are now submitted and verified using ZK proofs. The migration is being executed in three phases: during the transition window, the bridge will continue enforcing the 7-day challenge period for security finalization, and on September 23, 2025, the final contract upgrade will activate the new 12-hour withdrawal logic. Mantle secures more than $2.2 billion in TVL on its L2 network.


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The Ether Machine Files To Go Public

The Ether Machine, the third-largest corporate holder of ETH with nearly 500,000 ETH in committed capital, has filed Form S-4 with the SEC, a key step toward becoming a publicly traded Ethereum company. Positioned as an Ethereum yield and infrastructure company, The Ether Machine aims to generate ETH-denominated returns through staking, restaking, and DeFi activities.

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Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.

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