American Express just dropped on-chain passport stamps. Swiss banks made a real blockchain payment. And PayPal’s stablecoin just went multichain. Oh—and North Korean hackers faked 60 dev job applications to infiltrate Web3. This week? Absolutely wild.

Headlines screamed “biggest crypto hack ever,” but the hacker barely made enough for a coffee. Meanwhile, Celsius founder Mashinsky is heading to prison, DOGE gets a U.S. ETF, and the SEC is suddenly talking about “one rulebook” for all crypto activity. Grab a seat for the biggest Web3 News of last week!

Washington wants DeFi to “show ID” at the door. The U.S. Commerce Dept is putting official GDP on nine blockchains. Grayscale + VanEck just kicked off a race for a spot AVAX ETF. And a Philippine senator wants the entire national budget on-chain. Grab a seat, here are the biggest Web3 updates from last week!

⚠️Yeezy coin rocketed to a $3B cap in 40 minutes—then face-planted. The U.S. DOJ just made life easier for crypto devs. And Wyoming launched a Visa-ready stablecoin that lives on seven blockchains. Plus: SoFi taps Bitcoin Lightning, Scaramucci brings $300M on-chain, and Chamath spins up a $250M DeFi/AI vehicle. Big week for real adoption.