The Dypto Times

Say what you want about Donald Trump, he’s keeping his promises.

With last week's executive order and the pardon of Silk Road creator Ross Ulbrict, he’s fulfilled almost all of his campaign promises. But that’s not everything that happened this week. Let’s get after it.

From the Dypto Crypto Newsroom

Google Searches For “Crypto” Hits 3-Year High

TLDR

• Google searches for “crypto” have reached their highest point in three years.

• The boost comes in response to President Trump releasing his own meme coin.

• He has also released an executive order that covers many of his crypto-related campaign promises.

It’s not every day that a president turned former U.S. president turned current president creates a meme coin. In fact, it has never happened. Like ever. But that’s exactly what happened — and it sent Google searches for “crypto” skyrocketing to levels we haven’t seen since Bitcoin’s glory days in 2021.

What can users take away from this?

Beyond the meme coin drama, the uptick in searches for “crypto” hints at a larger narrative. The crypto industry continues to find ways to stay in the spotlight, whether through new technology, regulatory developments, or in this case, pop culture curveballs. 

For crypto as a whole, this means that the public interest is far from waning. While Bitcoin’s last all-time high seems like a distant memory to short-sighted social media influencers, the foundations of crypto remain strong and viable. 

Read the full article at Dypto Crypto

Jupiter’s $600 Million Jupuary Airdrop is Here 

TLDR

• Jupiter is a DEX on Solana

• This is their second airdrop with one more planned for next year.

• It’s the ranked third project on that chain by TVL and the second most popular DEX. 

Who doesn’t love a good airdrop? We get questions about these all the time. If you’re new to crypto, you’ve probably come across the buzz about airdrop events. 

One such event from the protocol Jupiter happened last week. It’s a Solana-based decentralized exchange aggregator looking to distribute a staggering $616 million worth of its native JUP tokens to eligible wallet holders. 

Why airdrops are an important part of the crypto industry

Airdrops like Jupiter’s are more than just free tokens — they’re a way to grow and engage the crypto community. For new users, it provides a peek into the world of airdrop hunters and investors who constantly feel the need to “be early”. 

For the protocol, these events are a loyalty-building opportunity, rewarding active user bases and incentivizing further engagement. 

Read the full article at Dypto Crypto

The SEC Has Revoked SAB 121

TLDR

• SAB 121 was the SEC rule that forced banks to label crypto assets as liabilities on balance sheets.

• Many banks decided the hassle wasn’t worth it.

• The SEC has officially revoked SAB 121.

The U.S. Securities and Exchange Commission (SEC) took a massive step in the right direction. After years of lobbying from the crypto industry and bipartisan support in Congress, the SEC has officially ditched Staff Accounting Bulletin 121 (SAB 121). 

Why does this matter?

SAB 121’s repeal comes during an increasingly complex regulatory environment for crypto. The government is still grappling with balancing innovation with investor safety, and this move could indicate a shift toward a more crypto-friendly future. 

Revoking SAB 121 could open new doors for crypto adoption, strengthening its integration into traditional financial systems — and that’s something many crypto enthusiasts have been hoping for.

Read the full article at Dypto Crypto

Question of the Week

If no one controls DeFi, how do I know there's actually a limited supply?

Meme of the Week

Source

Question of the Week Answer

The beauty of decentralized finance (DeFi) is that no single entity or authority is controlling it all. No one can manipulate the supply of assets within the DeFi ecosystem. But we understand your concern - how do we know for sure that there is a limited supply?

First off, let's back up a bit and explain what DeFi actually is. It's a system where financial transactions are conducted using blockchain technology without the need for intermediaries like banks or brokers. And because this system operates on a distributed ledger, every transaction is recorded and verified by multiple participants in the network.

So now, let's dig into the nitty-gritty of how DeFi maintains a limited supply. It all comes down to something called smart contracts. These are self-executing contracts that are programmed with specific rules and conditions. Once these conditions are met, the contract is automatically executed without the need for any human intervention.

In the case of DeFi, smart contracts are used to create and manage digital assets, such as stablecoins or cryptocurrencies. And because they operate on a decentralized network, these contracts cannot be altered or manipulated by anyone - not even the creators themselves.

When a certain number of tokens or coins are created through a smart contract, there is no way to increase that supply. It's set in stone, or rather, it's set in code. And since every transaction on the network is recorded and verified, there is complete transparency when it comes to the total supply of assets.

Deep Dive - President Trump’s Executive Order

The recent executive order issued by the Trump administration, titled "Strengthening American Leadership in Digital Financial Technology", aims to put the United States at the forefront of the digital asset revolution while addressing concerns about innovation, regulation, and privacy. The EO promises the clarity we’ve been needing for years.

Some key points from the order include creating a Presidential Working Group on Digital Asset Markets led by renowned Silicon Valley VC David Sacks, former Republican congressional nominee Bo Hines managing day-to-day operations, and potentially establishing a federal Bitcoin reserve. However, it’s important to note that the word “reserve” was not mentioned. The term used in the EO was “stockpile”.

The order also prohibits government agencies from creating or promoting a US Central Bank Digital Currency (CBDC). The document signifies a major shift in how the government views cryptocurrency and could lead to clearer regulations for investors and businesses. It could also mean reduced risk for investors and potentially less volatile markets in the long run. 

Overall, this order marks a new era for digital assets in the US. We were impressed and we think it could pave the way for potential innovations and regulations in the world of digital assets.  

Read the full article at Dypto Crypto

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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