Ethereum Fusaka Upgrade Set for 2025 as SEC Delays Dogecoin, XRP ETF Decisions

Ethereum’s Fusaka Upgrade Set for Late 2025, But Controversial EOF Feature Dropped Amid Developer Pushback

Ethereum’s upcoming Fusaka hard fork is scheduled for Q3 or Q4 2025, but a major planned component—the EVM Object Format (EOF)—has been removed due to technical concerns and community disagreement. Initially intended to modernize Ethereum’s virtual machine with a structured bytecode format, EOF sparked debate over complexity, tooling risk, and backward compatibility. While proponents argued it would streamline development and improve security, critics viewed it as unnecessarily intricate. Developer polls reflect strong opposition, with the majority of ETH-weighted votes rejecting the upgrade in its current form.

Trump Media Explores Utility Token and Digital Wallet as Part of Expanding Crypto Push

Trump Media & Technology Group, the parent company of Truth Social, is considering launching a utility token for use within a digital wallet tied to its platform. Initially intended for Truth+ subscription payments, the token may later be used across other products in the Truth ecosystem. This move follows recent partnerships with Crypto.com and Yorkville America Digital to develop crypto-based ETFs and financial products under the fintech brand Truth.Fi. The initiative highlights Trump Media’s growing focus on digital assets since Trump’s return to office.

Cboe Launches XBTF Bitcoin Index Futures to Expand Regulated Crypto Derivatives Offering

Cboe Global Markets has introduced the Cboe FTSE Bitcoin Index futures (XBTF), a new cash-settled product aimed at providing institutional traders with a regulated tool for bitcoin exposure and risk management. Listed exclusively on the Cboe Futures Exchange, XBTF is based on a reduced-value bitcoin index created by FTSE Russell and Digital Asset Research. This launch complements Cboe’s existing suite of crypto derivatives, including options on bitcoin ETF indexes. Major liquidity providers like Barak Capital and Prime Trading have expressed support for the new product, which settles monthly and is centrally cleared through OCC.

SEC Delays Decision on Dogecoin and XRP Spot ETFs as Altcoin Hype Grows Post-Bitcoin ETF Success

The U.S. Securities and Exchange Commission has postponed its decision on spot ETFs for Dogecoin and XRP until mid-June, impacting proposals from Bitwise and Franklin Templeton. This delay comes as several major asset managers, including Grayscale and 21Shares, seek approval for ETFs tied to popular altcoins like Solana, Litecoin, and Cardano, inspired by last year’s approval of Bitcoin ETFs. While a more crypto-friendly political environment under President Trump has boosted optimism, past Ethereum ETFs have underperformed, raising questions about demand for altcoin-based investment products.

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