The Dypto Times - The GENIUS Act Is Making Genius Moves

Seriously. BlackRock controls 3% of BTC. That is more than even Strategy has, and their large Bitcoin buys make headlines monthly. Is this the end for decentralization? Short answer:

But that’s not all that’s going on in the industry. Let’s get after it.

From the Dypto Crypto Newsroom

The GENIUS Act (Finally) Passes the Senate

TLDR

• The GENIUS Act has finally passed the Senate.

• Now, it goes to the House of Representatives.

• Companies like Shopify are already integrating stablecoins.

The US Senate just made cryptocurrency history. For the first time, federal-level rules for stablecoins have passed a key hurdle. The GENIUS Act, officially known as the Guiding and Establishing National Innovation for U.S. Stablecoins Act, was approved on Tuesday with a bipartisan vote of 68-30, This landmark bill is poised to transform the issuance and regulation of stablecoins in the United States. 

Why GENIUS matters for crypto users.

If you’re new to crypto, here’s why the GENIUS Act should be on your radar:

• Usability: Stablecoins could soon become as easy to use as Venmo or PayPal. 

• Security: Guardrails mean reduced risks. 

• Trust: With federal backing, people hesitant about joining the crypto space might finally come onboard. 

Most importantly — legitimacy. 

No more haters. No more “crypto isn’t real money”. It will all be over. Done deal. From institutional capital to retail investors to people using blockchain tech without even realizing it. Blockchain will become the present, not the future.

Read the full article at Dypto Crypto

BlackRock Now Controls Over 3% of Bitcoin Supply

TLDR

• BlackRock now controls over 3% of the total Bitcoin supply.

• That’s nearly 100k more BTC than what Strategy owns.

• BTC purchases of over $100k now make up nearly 90% of transactions on the Bitcoin blockchain.

BlackRock, the world’s largest asset manager, now controls more than 3% of the total Bitcoin supply. Institutional investment in crypto is reshaping the dynamics of ownership and signaling a strong gravitational pull toward mainstream adoption.

For aspiring Bitcoin investors (and even those deeply entrenched in blockchain ecosystems), this begs some critical questions. How does this development affect users? Is it good or bad for Bitcoin’s growth as an alternative asset?

The impact of big money on the big coin.

It was going to happen sooner or later. We all knew it.

Institutional players like BlackRock entering the Bitcoin market can push its price higher over the long run, which is great, especially for people who got in early or bought a solid dip. With institutional adoption comes legitimacy, and with legitimacy comes increased demand. 

But there’s a flip side. Consolidating control among a few big players can reduce the decentralized aspect that Bitcoin was built on. If you’re just getting into Bitcoin, the market might feel more like Wall Street and less like a decentralized network. 

And honestly, those lines are, in fact, starting to blur. However, the growing attention also boosts Bitcoin’s credibility. More “big money” equals a more stable and mainstream asset.

Some people are all for it. Purists are not, mostly for purist reasons.

Read the full article at Dypto Crypto

Governor Abbott Signs S.B. 21 (BTC Reserve Bill) into Law

TLDR

• Governor Abbott signed S.B. 21 into law – officially creating a strategic Bitcoin reserve.

• It will be funded by “appropriations, dedicated fees, investment returns, and voluntary cryptocurrency gifts.“

• H.B. 4488 was also signed by the governor.

Time to channel our inner Khaled. 

“Another one.” As in another state is joining the growing ranks of governments with Bitcoin reserve bills. Governor Greg Abbott has officially signed Senate Bill 21 (S.B. 21) into law, making Texas the third state in the U.S. (after Arizona and New Hampshire) to create a Strategic Bitcoin Reserve. 

How Texas is building a unique Bitcoin reserve.

Yes, Arizona and New Hampshire also have Bitcoin reserves, but what makes Texas stand out? 

• Funding – Where’s the money coming from? “Appropriations, dedicated fees, investment returns, and voluntary cryptocurrency gifts. “ So it would appear that no Texan tax dollar will be used to buy BTC…but they’ll gladly take some donations!

• Protection from the General Revenue Fund – Thanks to House Bill 4488, which was also signed into law this week, this reserve is shielded from being mixed into the state’s overall expenditures. Think of it as an untouchable vault of crypto power.

• Independent Structure – The reserve is not dependent on the same financial operations as the rest of Texas’ treasury. That makes it nimble, flexible, and ready to adapt to the unpredictable world of crypto.

Texas designed a system with checks, balances, and room for growth. Not bad, guys.

Read the full article at Dypto Crypto

Question of the Week

A YouTube comment - “How is spot trading different from perpetuals (futures) trading?”

Meme of the Week

Source

Deep Dive - A Wyoming Stablecoin? What?

Wyoming’s state-issued stablecoin, tentatively named the Wyoming Stable Token (WYST), is on the brink of launching. Pegged to the U.S. dollar and backed by the state itself, WYST has the potential to revolutionize financial systems and position Wyoming as a trailblazer in blockchain innovation.

With an anticipated launch date of August 20, 2025, during the Wyoming Blockchain Symposium, this digital asset marks a big step toward financial inclusivity and transparency.

Why do they want their own stablecoin? There are a few reasons.

1. Revenue Generation - Wyoming aims to earn interest from U.S. Treasury bonds backing the stablecoin, creating a new revenue stream for the state. Additionally, by entering the stablecoin market, Wyoming supports demand for U.S. Treasuries. But really, they’re smelling what Tether is stepping in — which is cold, hard cash.

2. Financial Innovation and Transparency - The Wyoming Stable Token is an extension of the state’s groundbreaking legal framework for blockchain. By launching WYST, Wyoming is positioning itself as a leader in the digital asset space and demonstrating that blockchain innovation can coexist with existing systems.

3. Enhanced Payments Infrastructure - WYST will simplify transactions for residents and businesses. The state is similar to Delaware in that it’s incredibly welcoming to companies, providing a range of tax incentives to set up shop there, even if these companies never conduct actual business in the state. What better way to make it easier for these brands to pay taxes and fees than to offer a stablecoin transaction, which is instant and cheap?

Think about it…

Kraken recently registered in Wyoming. Probably not a coincidence…

Read the full article at Dypto Crypto

Question of the Week Answer

There are quite a few differences. However, in the context of regular crypto trading, we believe the commenter is inquiring about the purpose behind these various types of trades.

• Spot Trading: Primarily used by investors who want to own and hold cryptocurrencies or make immediate trades based on market conditions.

• Futures Trading: Often used by traders for speculation or hedging. For example, a trader might use futures to bet on the price direction of a cryptocurrency or to hedge against price volatility.

Spot example - You think ETH is going to start going lower in price. So you swap for USDC to hold it until you see some positive price action.

Futures example - ETH is at an all-time high, and you believe the price will correct in the near future. So you use stablecoins to open a short position, which is a bet that the price will go lower, and that’s when you make a profit. If it continues to rise and you’ve used leverage, you risk being liquidated.

Hedging example - You love ETH. And you’ve been holding it for years and have no intention of ever letting it go. Using the above example, you borrow some stablecoins on Aave from your ETH holdings and open a short. 

Closing Shenanigans

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