Web3 Industry Weekly Report: Highlights from Week 1 of November 2025
Tech Headlines
1. Ethereum’s Fusaka upgrade passes final testnet, aims to boost scalability and data availability
https://finance.sina.com.cn/blockchain/roll/2025-10-29/doc-infvnxkv3710922.shtml
The upcoming Fusaka hard fork for Ethereum has been deployed on the Hoodi testnet, marking the final phase of the mainnet upgrade plan, which is expected to go live in December 2025. Fusaka includes more than a dozen improvement proposals, with key changes such as introducing the PeerDAS data‑availability sampling mechanism, raising the block gas limit, expanding blob capacity, and strengthening node security — all intended to further improve Ethereum’s scalability and data availability.
2. ZKsync Association releases ZK Token MiCA white paper to support EU compliance and security standards
https://foresightnews.pro/news/detail/88468
The ZKsync Association, a developer organization for Ethereum Layer‑2 scaling, published the ZK Token MiCA white paper to support the EU’s Markets in Crypto‑Assets (MiCA) framework. The paper details ZKsync protocol fundamentals, token classification, cryptographic standards, governance architecture, and a security model built on zero‑knowledge proofs, offering technical guidance for compliant and secure digital‑asset applications in Europe and beyond.
3. Starknet launches Solana–Starknet cross‑chain bridge for seamless transfer of Solana assets
https://www.163.com/dy/article/KD2N4AQF05568W0A.html
Layer‑2 network Starknet announced that the Solana–Starknet Bridge, supported by cross‑chain protocol provider Hyperlane, has been integrated into the official bridge platform StarkGate. The bridge supports seven Solana native assets, including SOL, JUP and BONK, enabling seamless transfers onto Starknet. Users can trade, stake and lend these bridged assets via dApps such as Avnu.fi, LayerAkira, EkuboProtocol and Vesu.xyz, promoting tighter interoperability and liquidity between the Solana and Starknet ecosystems.
4. Circle launches Arc public‑chain testnet, with participation from over 100 financial institutions
https://cointelegraph.com/news/circle-arc-testnet-participation-blackrock-goldman-sachs-visa
Stablecoin issuer Circle has released the public testnet for Arc, an open Layer‑1 blockchain designed for global financial markets. The testnet has attracted participation from more than 100 banks and fintech firms, including BlackRock, Goldman Sachs, Visa and Mastercard. Arc targets use cases such as stablecoins, asset tokenization, and enterprise payments/settlement, offering USD pricing, low fees, near‑instant settlement, and optional privacy features. It integrates with mainstream Web3 infrastructure like MetaMask and Chainlink. Circle plans to transition Arc toward community governance over time.
Industry Dynamics
1. Bank Negara Malaysia launches a three‑year RWA tokenization strategy focused on local innovation and global cooperation
https://www.theblockbeats.info/flash/318648
Malaysia’s central bank announced a three‑year exploration plan for tokenizing real‑world assets (RWA), establishing a digital‑asset innovation centre and industry working groups to drive localized scenarios such as supply‑chain finance and Islamic finance. Pilots are planned for 2026 with expansion in 2027, combining CBDC, permissioned chains and regulatory frameworks to create sandboxes, industry standards and cross‑border collaboration to scale compliant RWA deployments.
2. Deutsche Bank–backed euro stablecoin EURAU to expand across major public chains using Chainlink
https://finance.sina.com.cn/blockchain/roll/2025-10-31/doc-infvupav4145010.shtml
EURAU, a euro stablecoin backed by Deutsche Bank–supported AllUnity, will expand multi‑chain using Chainlink’s cross‑chain interoperability protocol (CCIP). EURAU is fully reserve‑backed and compliant with the EU’s MiCA rules, aiming to provide regulated and efficient on‑chain settlement and payment solutions for enterprises.
3. Bank Indonesia plans CBDC‑backed tokenized government‑bond digital securities
https://foresightnews.pro/news/detail/88615
Bank Indonesia intends to issue tokenized digital securities backed by the digital rupiah CBDC and government bonds to strengthen payments and remittance systems. Although stablecoins are not legal tender, regulators are already supervising related applications.
4. African payments giant Flutterwave integrates Polygon to speed up cross‑border payments
https://foresightnews.pro/news/detail/88653
Flutterwave announced it will integrate Polygon as the underlying infrastructure for its new stablecoin payment system to accelerate cross‑border transfers and lower costs. The pilot targets enterprise customers this year with plans to extend to retail remittances in 2026, addressing high fees and slow settlement in the region.
In-Depth Analysis
1. Five years, six incidents, losses over $100M — a look back at veteran DeFi protocol Balancer’s hack history
https://www.panewslab.com/zh/articles/281ef9d5-31d1-4e7b-a9a6-267939b5cfa9
Legacy DeFi protocol Balancer suffered a recent hack with estimated losses of about $116.6 million. The team has offered a 20% white‑hat bounty to help recover assets. This is Balancer’s sixth security incident since its founding in 2020, underscoring the ongoing complexity and security challenges facing DeFi protocols.
Disclaimer: The information provided in this document is based on publicly available market data and industry trends, and is for reference only. Please note that this information does not constitute any form of investment advice or recommendation, nor should it be considered as the basis for buying or selling any financial products or services. In case of any translation errors in English, inaccuracies, or situations requiring further clarification, please contact us through 'Contact Us' so that we can verify and make necessary corrections in a timely manner.
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