The Dypto Times - Uniswap Is the First DEX to Hit $3 Trillion in Volume

This was a crazy week. Multiple states are pushing crypto legislation. More use cases were revealed. Some in the US while others are international. It was an absolute smorgasbord of a crypto news buffet.

So let's get after it. We’ve got a lot to cover.

From the Dypto Crypto Newsroom

More Use Cases? We’ll Take Them All

TLDR

• Striple brings USD stablecoins to 100 countries.

• Steak N’ Shake will start accepting BTC as payment this week.

• Rumble partners up with Tether. (At this point, who hasn’t?)

Stablecoins are steadily becoming a major player in global finance. With a market capitalization exceeding $230+ billion, these digital currencies have cemented their role as a reliable store of value, especially in regions grappling with economic instability. 

Stripe, the global payments powerhouse, has now stepped firmly into this domain, announcing the launch of stablecoin-based accounts for clients across more than 100 countries.

But that’s not all. Even more use case news came out this week! 

Steak ‘n Shake, a fast-food chain, is set to begin accepting Bitcoin payments at all its locations starting May 16.

Rumble, the video streaming platform, will launch a crypto wallet in partnership with Tether later this year, competing with giants like Coinbase and PayPal.

Crypto is becoming mainstream one cheeseburger at a time.

Ten, or even five years ago, did you think you’d ever be buying up cheeseburgers and milkshakes with Bitcoin? We did. We knew it. But it’s honestly happening faster than we thought it would. All of these companies, Tether, Circle, PayPal, Stripe, and many more, are competing with each other, and it’s turning the tide for the crypto industry.

Crypto and stablecoins are becoming easier to buy, find, and use.

Stripe’s introduction of stablecoin account functionality isn’t just about bolstering its platform. It’s part of a larger narrative where blockchain technologies and stablecoins address critical global financial system gaps. 

Read the full article at Dypto Crypto

Uniswap Becomes the First DEX to Hit $3T in Trading Volume

TLDR

• The DEX, Uniswap, which brought the joy of yield farming to users, has hit a new milestone — the first decentralized exchange to hit $3 trillion in volume.

• Uniswap is the most popular exchange in DeFi, available on dozens of chains and controlling almost a quarter of the market.

Ladies and gentlemen, DeFi has achieved a new victory. Decentralized exchange (DEX) Uniswap has crossed the $3 trillion milestone in all-time trading volume, making it the first DEX to reach such a staggering figure. 

Why users should care. 

Why should Uniswap’s $3 trillion trading volume matter to users? Well, whether you’re a crypto skeptic, a DeFi degen, or somewhere in between, this milestone highlights the staying power of decentralized financial systems. 

It shows that crypto users are more willing to trust these platforms — not banks, brokers, or centralized exchanges — with their transactions. It shows how far DeFi has come in terms of innovation and adoption. And, perhaps most importantly, it reminds us that we’re still in the early days of what decentralized technology can achieve. 

Read the full article at Dypto Crypto

The Busiest Week in Crypto Regulation Yet? Probably.

TLDR

• The GENIUS ACT gets shut down.

• New Hampshire becomes the first state to invest in crypto.

• Texas is moving forward with its Bitcoin reserve bill.

• Arizona is taking a cautious approach to crypto by taking other people’s stuff.

What a week it’s been for crypto legislation in the U.S., with states seemingly racing to carve out their slice of digital asset dominance. 

From Arizona taking a cautionary — but progressive — step into crypto, to Texas revving up plans for a Bitcoin reserve fund, and New Hampshire declaring it’s ready to “Live Free or Die” with crypto investments, the landscape is shifting faster than the speed of a (Layer 2) blockchain transaction.

Does all of the regulation really matter?

Yes.

What makes this week worth highlighting isn’t just the details of the laws themselves, but the broader narrative they represent. Cryptocurrencies, led by Bitcoin, are moving into the mainstream, and states are realizing the opportunity — not to mention the necessity — to get a grip on it. 

Individual states are tailoring their legislative frameworks to ensure they’re not left behind, whether through investment funds, unclaimed asset integration, or outright Bitcoin reserves.

Read the full article at Dypto Crypto

Question of the Week

From a YouTube Comment - "What keeps the world governments from strangling out the private group and creating their own? Also, would it become more controlled since it is digital and could AI take control the system?"

Meme of the Week

Congrats to everyone who has been waiting for some green candles. You deserve them.

Source

Deep Dive - Coinbase Acquires Deribit

Coinbase, the largest crypto exchange in the United States by trading volume, has announced its intention to acquire Deribit, the leading trading platform for Bitcoin and Ethereum options. 

The company is expanding aggressively with this massive deal, hoping to further establish itself in the thriving derivatives market. Deribit handles over $1.2 trillion in annual trading volume and will bring a robust suite of capabilities. Once finalized, this merger could redefine global crypto trading.

The purchase of Deribit positions Coinbase as a leader in the global crypto derivatives market. With Deribit’s expertise in options trading and Coinbase’s existing strengths in spot and futures domains, the deal aims to create a seamless, capital-efficient trading experience for institutional and advanced traders.

Deribit’s tech and client base will expand Coinbase’s international reach (US users are geoblocked from the Deribit platform), adding diversity to its revenue streams and reinforcing its standing as a trusted global platform.

But will the tech and options platform become available for US users? That information has not been released. Yet.

However, the purchase is expected to bring added benefits down the line. As the two platforms integrate their technologies, users can anticipate deeper order books, tighter spreads, and more efficient trading processes. 

Read the full article at Dypto Crypto

Question of the Week Answer

Ah, the age-old question of “why don’t governments just take over everything?” Well, here’s the thing — governments could technically try to create their own crypto or digital financial system. Some are already live. They’re called CBDCs — Central Bank Digital Currencies. 

However, it’s not as simple as pressing a giant “Take Control” button. 

First off, crypto and DeFi (decentralized finance) thrive on being, well, decentralized. The whole appeal is that no single entity can pull the rug out from under you or micromanage every transaction. If a government created its own version, it’d likely be super centralized, defeating the rebellious “stick it to The Man” vibe that crypto enthusiasts love.

So, who would use this product? Die-hard crypto users probably wouldn’t, and people who aren’t involved with crypto because they don’t trust digital currencies wouldn’t use it either. What would the use case be?

Now, onto your second part — would it be more controlled because it’s digital? Oh, absolutely. Governments' version of digital currency would probably come with strings attached. 

They’d have oversight on transactions, freeze assets whenever they saw fit, and generally be that annoying Big Brother we’ve all read about. 

DeFi, on the other hand, is about giving power back to users — “the little guy”.

And AI taking control? We’re not in a dystopian sci-fi movie (yet), but it’s not completely out of the realm of possibility. 

If a centralized, government-run system leaned too heavily on automation and AI, you might see algorithms making decisions you can’t appeal. That said, in true DeFi, the community votes on protocol changes, so no rogue AI overlords there. It’s messy, it’s chaotic, but it’s kind of beautiful.

As far as smart contracts, they’re just code. They can only do what they’ve been programmed to do. And the beauty of them is that they can’t be altered. To change a smart contract, a protocol has to create an entirely new system with new contracts, offboard users from one and onboard them to another. It’s not a simple process.

Hope this clears some things up.

Closing Shenanigans

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