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According to BlockBeats, the Ethereum Fusaka upgrade is set to activate in approximately 9 hours at 21:49:11 UTC on December 3, or 05:49:11 UTC+8 on December 4. This upgrade will occur on both the Ethereum consensus and execution layers, aiming to improve Ethereum's capacity to handle large-scale transactions from various Layer 2 networks. The block gas limit will be increased to 60 million, and BPO forks will pave the way for future blob parameter adjustments. The upgrade is expected to reduce Layer 2 fees by 40% to 60%, enhancing the speed and cost-effectiveness of Layer 2 usage.

BlackRock CEO Larry Fink and COO Rob Goldstein say the global financial system is on the brink of a major structural shift — one powered by tokenization. In an essay published in The Economist, the executives argue that tokenization will underpin the next phase of market development by modernizing legacy financial infrastructure and integrating traditional finance with digital assets.Their message is clear: tokenization is not a niche experiment — it is the future backbone of global markets.Tokenization: The Infrastructure Upgrade Global Markets NeedFink and Goldstein highlight that today’s financial system still relies heavily on paper-based documentation, manual processes, fragmented platforms, and intermediaries. Tokenization replaces those outdated mechanisms with programmable digital representations of assets, enabling:Faster settlementAutomated complianceLower transaction costsGreater transparencySeamless integration between marketsBy encoding asset rights directly into digital tokens, many of the frictions that make today’s financial transactions slow and expensive disappear.Unlocking Global Access to Illiquid AssetsOne of tokenization’s most transformative features is its ability to break down large, traditionally illiquid assets into smaller, tradable digital units.This opens access to markets that were once limited to large institutions, including:Commercial real estateInfrastructure investmentsPrivate creditLarge-scale fundsArt and collectiblesBlackRock notes that this fractionalization creates a more inclusive global investment environment, broadening participation while deepening liquidity.Tokenization Is in Its Early Internet PhaseAccording to the executives, tokenization’s current development stage resembles a period in tech history when three of today’s “Big Tech 7” companies hadn’t even been founded yet.This comparison underscores two key points:We are extremely early in the adoption cycle.Growth could mirror the explosive expansion of the early internet.BlackRock expects tokenization to evolve exponentially over the coming decades, ultimately becoming embedded in global financial architecture.A Future Where Every Asset Lives in a Digital WalletLooking ahead, Fink and Goldstein envision a world where individuals and institutions can buy, sell, and store multiple asset classes through a single digital wallet, including:Tokenized equitiesBondsReal estateCommoditiesCash equivalentsYield-bearing instrumentsThis unified digital infrastructure would enable highly efficient, global markets operating on real-time rails.