JPMorgan’s Crypto Move, Ethereum ID First, and Peru’s Pilot Launch

Crypto_Recap_Thumbnail_V2_11th_Oct_to_17th_Oct

Another week, another recap! Missed some news or unsure about the most important stories from the past week? Don’t worry, we’ve got you covered:

JPMorgan Plans to Expand into Crypto Trading. The global banking giant is reportedly preparing to enter crypto trading, signaling growing institutional confidence in digital assets.

Bhutan National ID System on Ethereum: 1st In the World. Bhutan is building its national identity system on Ethereum, becoming the first country to use a public blockchain for official IDs.

BitForex Ex-CEO Linked to Hyperliquid Whale Wallets Holding 100,000 BTC. Investigators linked the former BitForex CEO to whale wallets holding 100K BTC on Hyperliquid, raising concerns over hidden market influence.

Frail Blockchain Decentralization Exposed by 48Hrs Blackout. A 48-hour service outage on a popular blockchain raised alarms about centralization risks, as users lost access to funds and services.

Peru Approves First Regulated Crypto Pilot with BCP and BitGo. Peru has launched its first regulated crypto project, teaming up with BCP and BitGo to explore compliant digital asset services.


This week shows how crypto is going global with JPMorgan joining in, Bhutan building IDs on Ethereum, and Peru rolling out real pilots. But wallet control concerns and decentralization issues remind us there’s still a long road ahead.

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Mohamed Hussein

With a BA in Journalism and over 11 years of experience in Arabic and English media, I bring a newsroom mindset to the fast-paced world of crypto content. From breaking news to in-depth features, I’ve worked across leading platforms. Today, as a content writer in the Web3 space, I aim to make complex topics like blockchain, crypto, and digital innovation accessible to a wider audience, without compromising clarity or credibility.