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Ethereum activated its Fusaka upgrade, rolling out a new system called PeerDAS that could lower costs for validators and improve how the network handles layer-2 transaction data.

The UK has passed a law officially recognizing cryptocurrencies and NFTs as property, giving digital assets a defined legal status for the first time.

Some of the world’s biggest banks are running crypto pilots with Coinbase, CEO Brian Armstrong said Wednesday, focusing on stablecoins, custody and trading.

Top stories in the Crypto Roundup today:

• Ethereum Activates Fusaka Upgrade to Cut Node Costs, Boost Layer-2 Efficiency
• UK Passes Law Officially Recognizing Crypto as Property Under National Law
• Coinbase CEO Says Major Banks Are Piloting Crypto Projects With the Exchange

Ethereum Activates Fusaka Upgrade to Cut Node Costs, Boost Layer-2 Efficiency

Ethereum activated its Fusaka upgrade, rolling out a new system called PeerDAS that could lower costs for validators and improve how the network handles layer-2 transaction data.

PeerDAS changes how validators process transaction “blobs” by letting them verify only a slice of the data. That shift could ease the strain on the network and help Ethereum scale without raising gas costs.

The upgrade comes as layer-2s like Arbitrum and Optimism continue to push more data to the main chain. Smaller node operators could see reduced hardware demands, though larger validators may not see much change.

Finalized just 15 minutes after activation, Fusaka also bundles 12 Ethereum Improvement Proposals aimed at reducing network congestion and improving developer tools.

Ethereum developers prioritized the PeerDAS rollout over more complex changes to speed delivery. Work on the next upgrade, Glamsterdam, is already underway.

UK Passes Law Officially Recognizing Crypto as Property Under National Law

The UK has passed a law officially recognizing cryptocurrencies and NFTs as property, giving digital assets a defined legal status for the first time.

Signed into law this week, the Property (Digital Assets etc) Act allows crypto to be clearly owned, recovered in cases of theft or fraud, and included in bankruptcy proceedings. 

Courts had previously treated digital assets as property on a case-by-case basis.

The law adds a new category of property to cover digital assets, alongside traditional categories like physical goods and legal claims. Industry groups and lawmakers welcomed the change, saying it improves protections and builds user confidence.

Coinbase CEO Says Major Banks Are Piloting Crypto Projects With the Exchange

Some of the world’s biggest banks are running crypto pilots with Coinbase, CEO Brian Armstrong said Wednesday, focusing on stablecoins, custody and trading.

Armstrong didn’t name the firms but said, “The best banks are leaning into this.” His comments came at the DealBook Summit alongside BlackRock CEO Larry Fink, who reversed his past criticism of Bitcoin and now sees a strong use case.

The shift reflects growing Wall Street interest in digital assets as U.S. regulations ease under President Trump. Despite recent market volatility, Armstrong and Fink framed tokenization as a long-term transformation of finance.

State of the Crypto by Top Tier Exchange Volume

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