Coin Bytes Archives - Timescrypto

Ethereum Fusaka Upgrade Set To Go Live on December 3, 2025

Ethereum is all set for its Fusaka upgrade. The new update will launch on December 3, 2025, marking new changes for the network. The changes will use new technology called PeerDAS to increase its data capacity by up to ten times. Rollups and other Layer 2 solutions will benefit greatly from the increased data capacity, which will speed up and lower the cost of transactions. It’s a significant step in the right direction to reduce network congestion and enhance Ethereum’s functionality. Fusaka enables developers and users to enjoy more seamless experiences with DeFi projects, decentralised apps, and other blockchain advancements. Ethereum’s continuous emphasis on efficiency and scalability has placed it as a top competitor in the crypto landscape. The upgrade will also guarantee that the network can manage rising demand in the crypto market.

IG Group Buys Australian Crypto Exchange Independent Reserve for A$178M

British online trading platform IG Group paid A$178 million ($117.41 million) to acquire Australian exchange Independent Reserve. The deal comes as a major cross border acquisition for IG Group. The goal of the purchase is to increase IG’s prominence in the rapidly expanding Asia-Pacific region and diversify its digital services. The main benefit comes from the established clientele and extensive knowledge of crypto that Independent Reserve bring to table. This will allow IG to provide its customers with a wider range of digital asset possibilities. The company anticipates that in the first full fiscal year following closing, the acquisition will increase cash earnings per share. The transaction highlights the growing acceptance of crypto by established trading platforms, which see its potential as a major growth engine. The move also comes at a time when both the digital asset spaces in Australia and UK have seen a steady growth, particularly in the past two years.

Eric Trump Says Crypto Demand Could “Save the US Dollar” by Boosting Global Investment

According to Eric Trump, rising demand for cryptocurrencies might “save the US dollar” by attracting foreign investment into the country and linking the value of digital assets to the strength of the US dollar. This week, the president’s son, who is a vocal admirer of cryptocurrency, told the Financial Times that the surge in digital assets would bring “trillions from around the world in wonky currencies” to the United States. “I think it arguably saves the US dollar,” he added, arguing that Bitcoin mining and financial independence might fuel “a kind of financial revolution” with American roots. Trump’s comments were made just hours after he rang the opening bell of the Nasdaq to commemorate the launch of American Bitcoin Corp., in which he owns a stake worth over $500 million.

Bank Of England Keeps Interest Rates Unchanged

In an effort to maintain stability in the face of persistent economic uncertainty, the Bank of England kept interest rates at 4% on Thursday. Over the course of the upcoming year, the central bank also intends to reduce the pace of its quantitative tightening program in order to prevent upsetting the already erratic bond markets, which affect the price of borrowing by the government. The nine-member Monetary Policy Committee (MPC) voted 7-2 to maintain rates at their current level following five rate cuts since summer 2024, including one last month. The action was largely anticipated; analysts had forecast a pause in the face of high inflation, which in August reached 3.8%, over above the Bank’s 2% target. In an unpredictable economic climate, the Bank seeks stability by maintaining stable interest rates and limiting bond-market actions.

David Sacks Pushes Back Against Warren’s Claims on 130-Day AI & Crypto Role Limit

David Sacks, a well-known name in both the crypto and AI worlds, has snapped back on allegations from Senator Elizabeth Warren. Sacks was being questioned about whether he has gone beyond the 130-day limit allowed for special government employees (SGEs). Warren suggested that Sacks might have overstayed his role, but his spokesperson pushed back, saying he is careful to track and manage his government service days to make sure he stays within the rules. The issue shines a light on the debate around private sector leaders holding temporary government positions. This is especially in focus for industries like crypto and AI. Crypto industry is sensitive to leadership since decisions can shape markets and innovation. While supporters say Sacks’ experience is valuable for guiding policy, critics argue that stricter oversight is needed to avoid conflicts of interest and to maintain trust in how regulations are crafted.

CZ Issues Warning Against North Korean Hackers Infiltrating Crypto Companies

Changpeng Zhao “CZ,” the founder of Binance, has issued urgent warnings about sophisticated North Korean hackers that use bribery of staff, phoney interview procedures, and complex job application methods to infiltrate cryptocurrency organisations. The former CEO listed four main attack methods, such as pretending to be applicants for security and development jobs, conducting phoney interviews via links infected with malware, and paying outsourced contractors to gain access to data. The alert comes after a wealth of evidence of North Korean cyberattacks against the cryptocurrency sector, in which hackers stole more than $1.3 billion in 47 instances in 2024 and more than $2.2 billion in the first half of 2025 alone. According to recent investigations, agents used fictitious identities to create reputable U.S. organisations, such as Blocknovas LLC and Softglide LLC, as corporate fronts for attacks on cryptocurrency innovators.

Coinbase CEO Optimistic as Bipartisan Support Boosts Crypto Market Structure Bill

Coinbase CEO Brian Armstrong recently expressed being optimistic about the future of crypto regulation in the U.S. After seeing strong bipartisan support for the crypto market structure bill this week, he believes the legislation has “a good chance of getting done.” The optimism and forward draw marks a rare moment of agreement between political parties on crypto rules. The legislation could be a turning point for the industry if it gests all necessary regulatory nods. The proposed bill is designed in such a way that it can clarify how crypto markets operate. The jurisdiction of the bill will be around trading, custody, and reporting standards. Platforms such as Coinbase and other exchanges may benefit from a clearer path and less regulatory uncertainty. Armstrong is optimistic about the increased awareness among legislators. Investor protection and innovation must be balanced in light of the growing demand for digital asset trading. If the law is approved, it may create a more secure and predictable digital asset market in the United States.

BitGo Wins German Regulator’s Nod for Crypto Trading Expansion

BitGo, one of the largest custodians of digital assets globally, just got approval from BaFin, Germany’s top financial regulator. With the approval, Custodian will be able to provide regulated cryptocurrency trading in Europe. In addition to protecting digital assets, it enables BitGo to enable institutional clients to purchase and sell them in a completely compliant manner. With Germany having some of the strictest financial regulations in Europe, the move enhances BitGo’s standing there and shows that the company’s infrastructure is becoming more and more trusted. Investors now have access to regulated trading and secure custody on a single platform. This approval also demonstrates Germany’s increasing influence in forming Europe’s regulated cryptocurrency industry, paving the way for more institutional adoption around the continent.

Crypto Market Climbs to $4.2T as Bitcoin Approaches $118K

Following the Fed’s first interest rate cut of the year, Bitcoin’s steady ascent towards $118,000 helped the global cryptocurrency market value increase 2% to $4.2 trillion on Thursday.
However, investors assessed the central bank’s cautious stance on future policy actions, so gains were modest. Bitcoin was up 1% at $117,426 last trading. At $4,609, ether increased 2.8%. Additionally, XRP inched up 2.9% to $3.10. Given that policymakers were not in a rush to accelerate the easing cycle, Fed Chair Jerome Powell characterised Wednesday’s 25 basis points cut as a risk-management measure. His remarks reduced excitement and dampened sentiments across risk markets. The Fed is trying to increase growth without letting inflation get out of hand. Everyone is on edge to see how quickly and how far rate cuts might go in the future, but the ruling also gives investors some relief and increases confidence in stocks, bonds, and even cryptocurrencies.

Fed Cuts Rates for First Time in Nine Months, Signals Two More Before Year-End

The Federal Reserve lowered interest rates by a quarter-point on Wednesday, marking its first rate decrease in nine months and indicating that two more cuts may be forthcoming before the year is up. The action was taken in response to mounting worries about the U.S. labour market slowing down, with job growth decreasing and unemployment rising. With the exception of recently appointed Governor Stephen Miran, who urged for a higher half-point decrease to more aggressively boost the economy, the decision was almost unanimous. The Fed is attempting to boost growth without allowing inflation to spiral out of control. The ruling gives investors some respite and boosts confidence in equities, bonds, and even cryptocurrency, but it also keeps everyone on edge to see how soon and how far rate cuts might go in the future.

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