U.S. Eyes Digital ID for DeFi, Japan’s Stablecoin Launch, and Ethereum Sell-Offs

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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:

U.S. Treasury Explores Digital ID for DeFi as Part of GENIUS Act. The Treasury is considering a national digital ID system to monitor DeFi platforms, aiming to fight financial crime and increase oversight.

Japan to Launch First Yen-Backed Stablecoin JPYC Soon. Japan is preparing to roll out JPYC, a stablecoin pegged to the yen, marking a key step in merging blockchain with traditional finance.

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South Korea Halts Crypto Lending Services. South Korean regulators have suspended crypto lending services, citing investor protection concerns and lack of clear legal frameworks.

Ethereum Funds See Sharp Sell-Off Despite Recent Inflow Streak. After weeks of inflows, Ethereum investment products faced strong outflows, signaling shifting sentiment in the market.

Google Becomes Largest Shareholder With 14% TeraWulf Stake. Google now holds 14% of U.S. crypto mining firm TeraWulf, showing Big Tech’s growing interest in the digital asset industry.

This week, governments and tech giants are stepping deeper into crypto — some pushing for control, others betting on growth. As Ethereum struggles with investor confidence and stablecoins go global, the future of digital assets remains anything but quiet.

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The Story Sculptor
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.

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