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Biden last minute shenanigans, DEX volume hit a new record, and a short primer on blockchain
Matthew Ruley
January 01, 2025
Nothing scares people quite like new rules and regulations from the IRS. Why is this happening? Trump was supposed to bring nothing but crypto sunshine and rainbows. And now we’re getting knee-capped before he can even take office? What gives?
Gif by netflix on Giphy
Relax. We’ll tell you why we’re still crypto’n and chillin. Let’s get after it.
From the Dypto Crypto Newsroom
DEX Trading Volume Hits Record $450B in December
TLDR
Decentralized exchanges hit a massive trading record of $450 billion in December.
Uniswap, PancakeSwap, and Raydium are leading the pack — if you’re curious about DEXs, they’re good places to start.
DEXs put you in control of your crypto — but require you to handle your keys responsibly.
Here’s a stat to chew on — monthly trading volume on decentralized exchanges (DEXs) surged to an all-time high this December with over $450 billion in transactions, according to data from DeFi Llama. Let’s get into what that means.
Why Volume Is So Important in DeFi
Volume refers to the total amount of assets that are traded on a particular platform or market within a specific period of time.
It’s a key indicator of how active and liquid a market is. The higher the trading volume, the more buying and selling activity there is on the exchange — and that usually translates to better prices and lower fees for traders.
High volumes also signal increasing interest and adoption in the DeFi space, which is great news for the overall health and growth of the market.
Many DeFi users earn money through yield farming.
Volume, traders, and fees are part of what makes DeFi so special (and profitable).
Meme Token for a Cause? The Story of MIRA and Rare Disease Research
TLDR
Siqi Chen started a GoFundMe to help raise awareness and funds for his daughter’s illness.
After going viral on X, the campaign has raised nearly a quarter million dollars.
A meme token on Solana named after his daughter also went viral, making even more money for disease research as the only US lab focusing on this particular illness.
What happens when a tear-jerking plea for rare disease funding crosses paths with the chaotic world of internet meme coins? You get a story like this one — both heartwarming and slightly wild, showing how crypto can do more than just fuel speculative trading frenzies.
Why This Story Matters
The story of $MIRA highlights both the chaotic potential and unexpected altruism within the crypto space. Traditionally, meme coins are seen as gimmicks — designed for pump-and-dump schemes or surface-level entertainment. But this example flips that script, showing how a playful concept can rally people and generate substantial support for a meaningful cause.
It also demonstrates the power of community, both in crypto and on social media platforms like X. Here, individuals from vastly different spheres came together to turn a personal tragedy into worldwide action.
Update
This guy is, of course, being accused of running some sort of scam. The story just broke and, honestly, it’s a bit thin. We’re keeping an eye on it, and if he is a scammer, we’ll update the article.
How Blockchain Promotes Transparency and Trust
TLDR
Digital transformation increases the need for transparency and trust.
Blockchain offers a decentralized, secure method for data storage and transactions.
It acts as a digital ledger without intermediaries, preventing data modification.
Participants can view transactions, enhancing security against fraud.
Removing central authorities reduces fraud risk and maintains data integrity.
Immutability and transparency foster trust, making blockchain appealing across industries.
Why Does All of This Matter?
Transparency and trust have become increasingly important in a highly digital and global world. No matter the business, people rely more on transparent and reliable practices.
That is where blockchain technology comes in. It was introduced through cryptocurrencies like Bitcoin. Now, it offers the world a transformative solution by giving it a great decentralized and secure way to store and record all the data.
Question of the Week
Who can participate in the new Dypto Crypto program?
Meme of the Week
Deep Dive - New IRS Rules
The IRS has dropped new crypto rules requiring brokers to report detailed transaction data starting in 2027. And guess what? That includes DeFi platforms, too.
Brokers (which now seems to include decentralized exchanges and some smart contract platforms) will need to gather and report user information, KYC their front ends, and disclose transaction addresses. The goal? Tax parity with traditional finance. The reality? A potential headache for the crypto community.
DeFi enthusiasts aren’t thrilled, and legal challenges are already in motion. The Blockchain Association and others are suing the IRS, pointing out potential constitutional and procedural violations.
They also argue that these rules might suffocate digital asset innovation in the U.S., forcing it offshore where it can breathe freely. For now, this feels like a classic case of bureaucracy not understanding blockchain, with some political jabs thrown in for good measure.
We have our doubts about these rules sticking, especially given recent court rulings and the likely intervention of the next administration. Most DeFi platforms outside the U.S. could probably sidestep this with a geo-block and a wink. We’re pretty sure it’s a “nothing burger,” but time will tell.
Question of the Week Answer
Good news! Anyone can participate! We are not geoblocking anyone. We’re about to launch. Read below about some of the details and if it’s a good investment for you.
A Huge Dypto Crypto Announcement
We’ll be releasing our paid membership on January 6th. Here is a sneak peek at some of the details:
Cost - $39.99/month, $383/year (20% deal)
Launch date - January 6th, 2025 (will go live at 12:01am)
Launch deal - The first 500 users that buy an annual plan will be upgraded to a lifetime membership.
What’s in it for you?
Step-by-step video guides showcase different strategies and platforms people can use to make money with their cryptocurrency, organized by risk level. (New guides are added monthly)
Biweekly webinars that discuss a different strategy in each one, then the second half is an AMA portion.
Access to view the Dypto Crypto portfolio where we utilize the strategies we teach.
Ability to ask questions that will be answered in the Newsletter or directly.
And more coming soon…
Closing Shenanigans
Thanks for reading. Dypto Crypto is a safe place where crypto newbies can learn and ask questions to help them make informed decisions in this exciting and volatile world. We’re having a lot of fun with YouTube shorts and TikTok.
So check out those videos and some of our website's tools. Feel free to ask questions on our social platforms or the site. Thanks for subbing! We’ll see you next week. We hope you guys are enjoying the newsletter, and we’d appreciate some feedback. Feel free to reach out on social media and let us know how we did on the first try.