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The SEC drops another case, Bybit was the worst hack in history, and FTX payments are finally here
Matthew Ruley
February 26, 2025
The more time you spend in this industry, reading news, performing due diligence, and learning, the more you see there is good news as often as there is bad.
But we think the good is still outweighing the bad. Let’s get after it.
From the Dypto Crypto Newsroom
USDC and EURC Become First Tokens Approved By DFSA
TLDR
Circle’s stablecoins, both USDC and EURC, have been approved by the DFSA.
They’re the first stablecoins to be approved.
This is a huge win for Circle, as their stablecoin products can now be used freely throughout the Dubai free trade zones by companies in The Middle East, North Africa, and even Asia.
Circle’s stablecoin suite just got a major nod in one of the world’s fastest-growing financial hubs. The Dubai Financial Services Authority (DFSA) has officially approved Circle’s USD Coin (USDC) and EURC as recognized tokens within the Dubai International Financial Centre (DIFC).
The move marks a noteworthy milestone — the first time stablecoins have been approved under the DIFC’s crypto token regime.
Why this news matters.
The DIFC isn’t just another business district — it’s one of the largest financial free zones in the Middle East, Africa, and South Asia. Home to nearly 7,000 companies, it’s a hub for innovation, finance, and technology. For any crypto token to be used or promoted in this space, it has to meet strict regulatory standards.
By approving USDC and EURC as “recognized tokens”, Dubai is signaling greater trust in stablecoins. Companies operating in the DIFC can now use these tokens in a wide array of digital finance applications. Think payments, treasury management, and even fintech solutions.
The SEC Drops Its Case Against Coinbase
TLDR
The SEC has dropped its case against Coinbase.
The agency has been targeting Coinbase and other crypto companies for years.
The wind is beginning to shift in favor of the crypto industry.
In a landmark moment for crypto regulation, the U.S. Securities and Exchange Commission (SEC) has decided to drop its high-profile enforcement case against Coinbase. It’s a big win for the crypto exchange and, potentially, for the broader cryptocurrency industry in the United States.
Why does this matter for users?
If you’re just embarking on your crypto journey, you might wonder why all this legal drama matters. Here’s why you should take note:
It Provides Breathing Room for Innovation: For crypto exchanges like Coinbase, this dismissal offers breathing room to innovate and expand their offerings. More tools, more education, and better usability for newcomers.
It Could Pave the Way for Clearer Rules: For too long, the SEC’s approach to crypto has been criticized as vague and unhelpful. Dismissing this case might push regulators toward creating more explicit, relatable rules tailored to digital assets.
Your Choices Just Expanded: If the U.S. finally gets more crypto-friendly regulations, it could legitimize and expand access to services. You won’t just have more options — you’ll have safer options backed by clearer legal frameworks.
FTX Repayments Are Finally Here — Kinda…
TLDR
FTX collapsed in 2022, taking user funds along for the ride.
After nearly a year and a half, creditors are now being made whole.
Users with less than $50k invested on the platform are being paid first.
It has been a long, cold crypto winter since FTX’s infamous collapse in 2022, sparking a whirlwind of bankruptcies and tanking Bitcoin’s price to a chilling $16,000. FTX Digital Markets, the Bahamian branch of the fallen cryptocurrency giant, rolled out its first batch of repayments on February 18.
Why FTX repayments are important news.
Even if you didn’t have funds locked in FTX, this development marks a broader recovery phase for the crypto space. The exchange’s collapse was a wake-up call for many, highlighting systemic risks and the importance of due diligence when choosing platforms for your funds, something that we at Dypto Crypto try to preach in every article and post.
Now that FTX repayments are happening, the crypto world is inching closer toward stability and rebuilding trust.
Question of the Week
From a Facebook user: “I bought SOL at $280. Should I sell and cut my losses?”
Meme of the Week
Deep Dive - The Bybit Hack
The Bybit hack serves as a stark reminder that no system, no matter how secure, is entirely immune to vulnerabilities. The massive breach, allegedly carried out by the infamous North Korean Lazarus Group, resulted in the loss of nearly $1.5 billion in crypto.
The attack used sophisticated social engineering tactics to deceive trusted signers into approving a malicious transaction. Despite Bybit’s security measures, the incident highlighted the industry's ongoing risks.
Bybit’s response was unconventional but effective in maintaining user trust. Instead of freezing operations, CEO Ben Zhou publicly assured the community that withdrawals would remain operational and user funds were secure.
Bybit secured external loans from exchanges like individual whales and Bitget to reinforce liquidity. This move helped prevent panic and maintain platform stability during a turbulent time. The company blacklisted the hacker’s wallets to further mitigate the fallout.
Ultimately, the Bybit case reflects a larger truth — crypto is still evolving. Despite its challenges, the resilience of the blockchain community continues to drive innovation and strengthen security efforts. Every setback offers an opportunity for growth, and the industry is inching closer to maturity with every lesson learned.
Question of the Week Answer
You know that feeling when the market starts tanking, and your first instinct is to hit the sell button? That's panic selling.
It’s when people freak out during market downturns and dump their investments in a blind rush to “cut their losses,” fearing that “it’s all going to zero”.
It’s almost always a bad move. Why? Because panic selling locks in your losses instead of giving your investments time to recover. Markets are like roller coasters — there are ups, downs, and moments when you’re questioning all your life choices, but historically, things balance out over time.
Most investors look at charts. While that’s fine, it makes you think of investments as linear. They aren’t. All financial markets move in cycles. The lines on a graph do not accurately represent how cycles work.
Play the long game. Take a deep breath, put down the phone, and resist that itchy sell finger. Future you will thank you.
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.
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