In this weekly recap, we cover:

• Kanye West’s YZY Token: The Solana-based token skyrockets, then stumbles amid insider trading concerns.
• China Eyes Stablecoins: Beijing considers yuan-backed tokens in a reversal of its crypto ban.
• Gemini’s Nasdaq Bid: The Winklevoss twins file for an IPO and double down on politics with a multimillion-dollar PAC donation.
• Bullish’s Stablecoin IPO: A $1.15 billion New York Stock Exchange debut settled entirely in digital dollars.
• Wyoming’s Frontier Token: The Cowboy State rolls out FRNT across seven blockchains.
• Story Protocol Shake-Up: Co-founder Jason Zhao steps back to launch a new AI startup.
• Tether’s Washington Hire: The stablecoin giant brings on Trump’s former crypto advisor for U.S. expansion.
• Treasury Comment Call: Public invited to weigh in on illicit finance detection under the GENIUS Act.