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The Dypto Times 10/15 - Three Is the New Magic Number for CZ and Binance

Square makes Bitcoin shopping easy, Coinbase applied for a National Trust Charter, and Uptober is going well...until recently

Author

Matthew Ruley
October 15, 2025

Welp. This week has been nuts. Some of you may think of the Dypto Crypto Team as seasoned vets in the space. And we like to think we are. What do we think when the market crashes and recovers practically overnight?

It’s just another day in life… 

Aside from the market craziness, quite a bit happened this week. Let’s get after it.

From the Dypto Crypto Newsroom

Square Makes Bitcoin Shopping Easy for Users and Businesses

TLDR

  • Square, owned by Block, has launched Square Bitcoin.

  • The system allows BTC payments directly in the Square POS that’s already being used by 37 million businesses across the globe.

  • Crypto use cases are piling up, but this one might be the top for users and businesses interested in Bitcoin.

We knew big things were on the horizon when Block joined the S&P 500 back in July. We knew BTC would be a part of it. And now, those things are happening.

Square’s new Bitcoin solution is the first time a major payment processor has made Bitcoin work exactly like regular money for everyday businesses. No PhD in blockchain required, no mysterious wallet addresses to memorize, and definitely no need to explain to your barista why your coffee payment is “still confirming on the blockchain.”

Why Square’s new product is so important.

Between 2024 and 2026, crypto payment users in the US are expected to grow by 82%. That’s an insane number — and a sign that digital currencies are becoming actual money people use for actual stuff.

But here’s the problem crypto has always had: it’s been too complicated for regular people and regular businesses. You needed to understand private keys, transaction fees, confirmation times, and a bunch of other technical stuff that anyone who just wants to buy a sandwich doesn’t want to deal with. Square has eliminated most of that complexity. Now, paying with Bitcoin feels as normal as paying with Apple Pay.

Uptober Delivers: BTC Smashes $125K During Government Chaos

Note - We know this article is pre-crash. But we also think it’s important to reiterate an often overlooked element of investing…perspective.

TLDR

  • BTC hit a new ATH this weekend.

  • Multiple macroeconomic factors are at play: US government shutdown, a weakening dollar, plus all the hodlers are back in town.

Things are shaping up to be absolutely legendary this Uptober. Leg. En. Dary. While politicians in Dub City are up to their own political shenanigans, Bitcoin decided to throw its own party, rocketing to an all-time high of over $125,000. 

As the US government ground to a halt, Bitcoin didn’t just hold steady — it absolutely crushed expectations. This isn’t a typical market reaction, and it has both newcomers and seasoned crypto veterans asking some serious questions about what happens next. 

What does the future hold?

The market crashed this past Friday. It’s already recovering. Here are some other things to keep in mind:

The length of the government shutdown matters. The longer it drags on, the more economic uncertainty it creates. 

Corporate adoption continues to be a major bullish factor. More companies are adding Bitcoin to their balance sheets as a reserve asset, providing a strong foundation for continued upward momentum even if the broader economy stumbles. 

Institutional adoption creates a floor of sorts (as we saw on Friday) — even if retail investors become spooked, corporate treasuries are unlikely to panic-sell their strategic Bitcoin holdings.

BNB Is Now the Third Largest Token by Market Cap

TLDR

  • BNB has violently crossed the $1,300 mark.

  • In doing so, it became the third-largest crypto token by market capitalization.

  • There are multiple reasons contributing to the performance, including a surge in new users and low trading fees.

While Bitcoin and Ethereum are enjoying the slow dance, BNB decided to throw a full-blown rager, shooting past $1,319 (at the time of this writing) for the first time and flipping XRP to become the third-largest cryptocurrency by market cap.

So, what’s the deal? Is this just another pump, or is there some real substance behind this meteoric rise? It’s time to break down why BNB is suddenly the talk of the town, what’s driving its growth, and what it all means for the crypto enthusiast. 

People love Binance.

A huge part of BNB’s success is tied to the mothership: Binance. As the world’s largest crypto exchange, what happens on Binance rarely stays on Binance — it ripples across the entire market. In the third quarter of 2025, Binance gobbled up a ton of new users and capital.

The success comes down to a few key ingredients.

  • 290 million users worldwide 

  • Over its eight-year history, users have traded a whopping $125 trillion in assets on the platform. 

  • This massive user base and trading volume create deep liquidity, meaning it’s easy to buy and sell assets without wild price swings. And now, with Binance.us offering 0% trading fees for US users, the exchange is starting to make its presence felt. 

  • Price appreciation is great, but what about some cold, hard rewards? Between January 2024 and September 2025, holding 1 BNB earned users over $200 in additional rewards..

Question of the Week

From a TikTok DM - “Trying to keep up with crypto news in CeFi and DeFi, and I can't tell what's FUD and what isn't? Any tips or tricks?”

Meme of the Week

New Segment! - By the Numbers - The Dypto Crypto Portfolio

Here’s a screenshot of our portfolio, which we started in late December 2024.

Original portfolio valuation - 3 ETH (~$9,670)

Current portfolio valuation - $11,115 - Growth 14.9% on the year.

Ethereum hasn’t fully recovered from the market volatility, which is why the port isn’t as aesthetically attractive as it was last week. However, it’s interesting to note that the pool has rebalanced. Last week, it was almost entirely made up of USDC. This week, there’s less than 1k USDC. What does that mean? In short…fees. It means we printed some serious fees.

To explain in detail, CEO and Co-Founder CJ Miller said, “As someone who focuses on liquidity providing and maximizing fees, market volatility is an essential part of collecting fees. A lot of people assume market volatility = volume, but that's not necessarily true. Volume is what drives fees, but if its volume within a very specific range, it can often be oversaturated as people "dial in" their liquidity and you won't earn as much as you think.

You'll notice this when an asset starts trading in a very specific channel e.g., ETH's movement around the 4400-4500 price. However, when drastic market volatility is introduced, it takes the price out of these ranges and forces people to readjust, a process that can take time. Meaning the faster movers will often generate more fees even with lower volume until the rest of the liquidity can get back in range.”

Deep Dive - Coinbase Takes Big Step with National Charter Application

Coinbase is applying for a National Trust Company Charter from the Office of the Comptroller of the Currency (OCC) — and this move could shake up how crypto companies operate in the United States.

Think of a National Trust Charter as the crypto world’s version of a premium membership card for financial institutions. It essentially grants federal permission to operate as a trust company across all 50 states, giving Coinbase expanded powers to handle financial services.

Currently, Coinbase operates under state-level licenses, which require separate approvals in each state. A national charter would streamline this process, allowing them to offer services nationwide under a single regulatory umbrella.

The key word here is “trust” — this charter would allow Coinbase to act as a fiduciary, legally required to put their customers’ interests first. It’s like having a financial bodyguard that’s bound by law to protect your assets. Coinbase has solid business reasons driving this decision.

First, it aligns with their track record of seeking high regulatory standards. The charter would also unlock new business opportunities beyond their current custody services. We’re talking about expanded payment services and other financial products that could make crypto more accessible to everyday users…but on the kind of level you see from fintech giants like PayPal.

Question of the Week Answer

Not really. That’s the beauty of FUD. It’s really hard to tell what is and what isn’t, which has historically made it a powerful tool.

But if you dig deep enough, well beyond the service, you can get a decent idea of what’s real and what’s a total fabrication. If you go that far and the waters are still murky, you really only have two options:

  1. Gamble

  2. Sit back, watch, and see how things play out, looking for a solid entry point

We prefer number two. However, the more time we spend in DeFi, the less we gamble on new projects in general. The battle-tested protocols that have been around for years may provide lower returns in theory, but if something crashes, gets rugged, or is exploited, that 8-10% is going to look pretty good.