The Dypto Times

If you had told us five years ago that the United States would have a Bitcoin reserve in 2025, we would have laughed in your face.

When Trump said he was going to do it, we actually did laugh a bit. There’s no way this country is ready for such a thing! “That’s not going to happen for a long time,” we said.

We felt like we were so early in crypto. There was no way the government was ready for such an endeavor. 

“It’s too early,” we said. We’re happy we were wrong. Let’s get after it.

From the Dypto Crypto Newsroom

Bybit Hack Post-Mortem Report

TLDR

• On February 21st, Bybit was hacked. Nearly $1.5 billion was lost.

• The perpetrators of the heist were none other than the Lazarus Group.

• The hack involved compromising a developer’s laptop during a 12-hour operating window.

• The attackers were then allowed to bypass the security features in place, steal funds, and dropped in their own malware to essentially hide their escape.

On February 21, 2025, the crypto community was shaken by a massive $1.4 billion hack targeting Bybit, a leading centralized exchange. Bybit used SafeWallet to house funds. And it was that wallet that was compromised.

Now, thanks to a detailed post-mortem report from SafeWallet, we have a clearer picture of what went wrong. 

Why this story deserves our attention. 

The Bybit hack serves as a wake-up call to the entire crypto community. Cybersecurity is not a one-time setup. It’s an evolving process of staying one step ahead of attackers. 

For SafeWallet and ByBit users, it’s a reminder of the importance of vigilance and collaboration. For the broader community, it’s a call to invest more in securing the backbone of the crypto revolution. 

Stay safe out there. Don’t leave room for vulnerabilities in your digital wallet. While no system is perfect. You, as a user, are the first line of defense. Make it count.

Read the full story at Dypto Crypto

The First Steps in the Debanking Crisis Have Been Taken

TLDR

• Republican Senator Tim Scott recently introduced the Financial Integrity and Regulation Management Act, designed to directly tackle debanking by removing “reputational risk” from the regulatory equation.

• Meanwhile, the OCC has clarified its stance on crypto services and banking services to crypto companies.

Last week, we reported on a talk given by Caitlin Long at ETHDenver, where she stated, and was right, that nothing has been done about debanking since the President’s initial executive order. 

Dear Caitlin. Ask and you shall receive. A new bill has been unveiled in Washington that is set to tackle the issue. 

On the other side of the regulatory table, the Office of the Comptroller of the Currency (OCC) has clarified offering crypto services and banking services to crypto companies.

Why this news matters.

The OCC’s clarification and Scott’s legislation represent initial attempts to address the debanking issue, but this is just the start. Banking regulations evolve slowly, particularly when complex and emerging technologies like blockchain are involved. 

If you’re new to crypto, stay informed and vigilant. Consider diversifying the tools you use to fund and hold crypto, whether through decentralized wallets or exchanges with strong reputations. 

Read the full article at Dypto Crypto

Coinbase to Hire 1,000 New Employees in 2025 

TLDR

• Brian Armstrong took to X after the WHCS.

• The news must have been stellar, as he announced plans to hire 1,000 employees in 2025.

Following the recent White House Crypto Summit, Coinbase has officially declared it will ramp up its hiring efforts in the United States. 

CEO Brian Armstrong announced that the company plans to add 1,000 new employees to its U.S. workforce in 2025.

What does this mean for users?

If you’re a crypto newbie or just beginning to understand blockchain, here’s why this hiring spree is a big deal for you. 

More employees likely mean two things for Coinbase customers: 

1. Improved Services  – When a company scales up its workforce, you can bet there will be a stronger focus on user experience. Whether it’s faster transaction processing, smoother app interfaces, or better customer support, Coinbase’s expansion will likely mean a better overall UX. 

2. Innovation and New Tools – We think the company will be spending quite a bit of its money on quality engineers, developers, and experts to develop cutting-edge tools for traders. The talent could very well be people who have left the US over the last couple of years and taken jobs overseas amidst all of the regulatory scares.  The benefits could range from nifty user features to strengthened security protocols. 

Read the full article at Dypto Crypto

Question of the Week

A follower on TikTok - Please explain what “Not your keys, not your crypto” means in plain language.

rubs hands together

Oh. We can do that.

Meme of the Week

Source

Deep Dive - The Strategic Bitcoin Reserve

The U.S. government has rolled out an executive order establishing the Strategic Bitcoin Reserve and the U.S. Digital Asset Stockpile, with Bitcoin at the center of the strategy. 

The Reserve will hold Bitcoin obtained through forfeitures, ensuring these assets are managed budget-neutrally to avoid extra taxpayer cost. The Digital Asset Stockpile will handle non-Bitcoin cryptocurrencies confiscated in cases of fraud or hacking, with flexibility to hold, sell, or redistribute for law enforcement purposes. 

This is not about speculative buying; it’s about stewardship and accountability. Bitcoin’s scarcity, security, and recognition as “digital gold” are driving factors, with the government emphasizing long-term value. Agencies across the board must report crypto holdings to the Treasury for centralized management, adding much-needed order to federal digital asset handling. 

While the Reserve boosts Bitcoin’s legitimacy, market volatility remains. It will always be part of our world. Seasoned investors want stability and potential valuation gains over time, but nothing is guaranteed. At its heart, the executive order underscores America’s commitment to leading the way in digital finance by endorsing Bitcoin as a strategic asset with global implications.

Read the full article at Dypto Crypto

Question of the Week Answer

Alright, here’s the deal with "Not your keys, not your crypto" — it’s like holding the keys to your car. If you’ve got the keys, you’re in control and can drive wherever you want. 

But if someone else is holding them, guess what? They’re the ones deciding if and when you can go. Same idea with crypto. 

The “keys” here are your private keys — the codes that prove ownership of your cryptocurrency. If you don’t have those keys because you left your crypto on an exchange or someone else is holding it for you, then you don’t truly own it. They do. Moral of the story? Keep your keys safe, and your crypto stays yours.

It’s a hard lesson many people don’t learn until they’re involved with an unfortunate FTX-level catastrophe.

At the end of the day, it's about security. When you leave your crypto on an exchange or an unsecure hot wallet, you put your trust in that third party to keep it safe. But let's be real here, even the most reputable exchanges and wallets have been hacked before. And if that happens, there goes your funds. And if that exchange shuts down, goes broke, etc…? Your funds go with it.

But there's also a deeper philosophical reason for wanting to hold onto your own keys — it goes against the core principles of decentralization and freedom that cryptocurrency was founded upon. 

The whole point of crypto is to give individuals control over their finances without relying on centralized institutions like banks or governments. And that includes private and public centralized exchanges. 

Now, let’s have a brief primer on how to keep these keys, which are just as valuable, possibly even more so, than the tokens themselves. 

First, don't share them with anyone. Use a reputable and secure wallet, preferably a hardware wallet like a Ledger. And above all, educate yourself on best practices for storing and securing your private keys.

Possessing your keys means having the freedom to do whatever you want with your crypto without anyone's permission. With your own keys in hand, you're in full control and can truly embody the "be your own bank" mentality that is at the core of 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. 

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.