The Dypto Times - Swiss Banks Are Done Being Neutral

The SEC makes it easier for crypto ETFs to launch, the Fed cuts interest rates, and Swiss banks are testing blockchain

Author

Matthew Ruley
September 24, 2025

Crypto companies are going public. Traditional companies are building crypto treasuries. The government is making clear regulatory policies. Even Swiss banks are getting with the program.

It was a good week to be in crypto. Let’s get after it.

From the Dypto Crypto Newsroom

The Fed Cut Interest Rates

TLDR

  • The Fed cut interest rates by a quarter point.

  • This is uncommon, as inflation is what the Fed wants to see.

  • The market dipped slightly on the news, but other factors are also at play that could be impacting the crypto market.

The Federal Reserve announced that it’s cutting the policy interest rate by 0.25%. This stuff has a ripple effect that touches everything from your savings account to the price of your groceries, and yes, even your crypto portfolio.

What it means for your bags.

The crypto market, at least lately, has been moving in sync with the stock market, especially “risk-on” assets like tech stocks. When the Fed signals a move toward easier money (lower rates), it can create a more favorable environment for assets like Bitcoin and Ethereum. Investors might feel more willing to take a chance on crypto when the returns from safer assets are lower.

However, don’t pop the champagne just yet. If the Fed is cutting rates because it’s scared of a recession, that’s not exactly a bullish signal for any asset class. It’s a sign of weakness in the economy, which can spook investors across the board.

Secondly, the market has gone slightly red in the trading hours since Powell’s press conference. On top of that, Ethereum’s validator exit queue is incredibly high, and volume is starting to slow.

SEC Clears Path for New Crypto ETFs

TLDR

  • The SEC has made it substantially easier to bring crypto ETFs to the market.

  • They also approved Grayscale’s new basket ETF, which will have BTC, ETH, ADA, XRP, and SOL.

The suits in Dub City (DC…we just made the Dub City thing up to sound cool) made an amazing move this week. The U.S. Securities and Exchange Commission (SEC) has given the green light to “generic listing standards” for commodity-based funds. That might sound like a snoozefest, but it’s a big deal for anyone looking to get into crypto without all the usual headaches.

So, what does this all mean for you, the aspiring crypto investor? 

In simple terms, it’s about to get a whole lot easier for new crypto products, like exchange-traded funds (ETFs), to hit the market. Instead of every new fund having to undergo a lengthy and cumbersome approval process, exchanges can now list products that meet a pre-approved checklist.

First up? The new Grayscale ETF with BTC, ETH, ADA, SOL, and XRP. Yep. That’s right. The first legitimate basket crypto ETF is about to be available on brokerages. 

Swiss Banks Jump on the Blockchain Train

TLDR

  • Swiss banking giants recently completed a feasibility study on blockchain tech.

  • Both tests worked beautifully.

  • However, scaling challenges remain.

It’s been less than a week since we reported on the current (and abysmal) state of US banks. It turns out that outside of the US, many banks are getting with the program. Unfortunately, it is at the speed of regulation, which is, more often than not, excruciatingly slow.

What’s our beef with banks? The same beef everyone has with them. Wires take forever, big transfers get flagged for no reason, and everything shuts down on weekends. In a move that made the crypto world spit out its artisanal coffee, some of Switzerland’s biggest banks completed a feasibility study on blockchain tech, and the results are pretty juicy. 

The test and the results.

A Simple Peer-to-Peer Payment

This was the basic test. Could a customer at one bank pay a customer at another bank using these tokens? They used a public blockchain (with some permissions, of course) to send tokenized payment instructions. 

The result? It worked. Duh… 

The transaction was legally binding, and the money moved successfully. It proved that different banks could use a shared blockchain infrastructure to settle payments without a hitch.

Smart Contracts and Escrow

The second test involved a more complex, automated transaction. Imagine you want to buy a tokenized asset, like a piece of digital art or a share in a tokenized property.

Normally, this requires a lot of trust. You send the money and just hope the other person sends you the asset. The Swiss PoC tested an escrow-like process using smart contracts. The rules were simple: the payment (in deposit tokens) would only be released from escrow at the exact moment the tokenized asset was transferred to the buyer.

Question of the Week

From an X DM - “I’ve been trading on and off for years in TradFi. But I struggle with crypto markets. The whole thing seems absurd in so many ways. What am I doing wrong?”

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. So…let’s just call it the first of the year. Our portfolio has seen impressive gains since, currently sitting at 15.8%. While we can’t retire on that, the S&P 500 is at 12.5%. So we’re beating the TradFi market right now.

We aren’t doing anything crazy. Most of it is yield farming on Uniswap with some staked in Lido. We made over $600 in fees from our farming position, an increase of almost 20% over August. This has mostly come from the volatility in ETH price. When people sell, we get fees. When people buy, we get fees. We could be making more, but we’re currently focused on semi-passive focused strategies.

Join our Circle community to see full updates by our Co-Founder and analyst, CJ Miller.

Deep Dive - Google AI Wants to Be in All Your Wallets

Artificial intelligence is about to transform how we spend, save, and manage money. From AI agents that shop on your behalf to algorithms that negotiate better loan rates, the finance world is getting a major upgrade that could put more cash back in your pocket.

Just a couple of weeks after we reported on Google’s upcoming blockchain, the company announced its new Agent Payments Protocol (AP2). This is the foundation for a future where your AI assistant doesn’t just remind you to pay bills — it actually handles the transactions while you sleep. Think of it as giving your digital helper a credit card, but with bulletproof security.

Google’s new protocol supports everything from traditional credit cards to stablecoins. The flexibility matters because different payment methods work better for different situations. Your AI might use a credit card for regular purchases but switch to stablecoins for international transactions to avoid hefty fees.

Of all of the companies name dropped in Google’s post, Coinbase and the Ethereum Foundation stood out the most to us. Why? One word: infrastructure. When your AI agent needs to send money instantly to another AI agent across the globe, stablecoins offer speed and lower costs compared to traditional banking rails. It seems Google is preparing for the future in every way possible.

The integration creates new possibilities for everyday users. Imagine your AI assistant automatically converting excess cash into yield-earning stablecoins when your checking account balance exceeds a certain threshold, then converting back when bills are due. It’s like having a finance-obsessed accountant working 24/7 to optimize your money flow.

Question of the Week Answer

You aren’t doing anything wrong. In fact, you answered your own question. The critical factor many TradFi investors don’t take into account when making moves in crypto is this: the sheer absurdity.

If Warren Buffett moved a million shares of Coca-Cola to a different brokerage, or the CEO of JP Morgan tweeted that he just bought two million shares of a penny stock with customer money and followed it with a high-five emoji and an “lol”, there would be multiple forms of hell to pay.

TradFi investors cannot make moves in TradFi without filing proper forms with the SEC or other major entities.

Crypto doesn’t have these restrictions. 

On top of that, a Kardashian throwing a mil at ETH or Elon tweeting about starting a DOGE treasury is both normalized now and something that will have ripple effects across the market.

The absurdity comes in with the number of ripple effects going on at any given time. From ETH queues to institutional players to crypto treasury companies and a million other things in between. That’s why you’re struggling. The crypto market has gone from a niche financial market with one type of big player — the whales — to a maturing, legitimate market with what some reports are saying is over 800 million active wallets.