DOT

Investors in the Polkadot (DOT -3.88%) cryptocurrency have been craving game-changing news for a while now. The crypto market is having a great summer overall with fantastic returns on leading names like Bitcoin (BTC -0.57%), Ethereum (ETH -1.18%), and Solana (SOL -0.89%). But nobody told Bitcoin where the party was happening. As of Sept. 12, it gained less than 5% over the last 6 months:

Polkadot Price data by YCharts

Forget the chart for a moment, though. App builders, not price charts, ultimately drive durable value in most cryptocurrencies, and especially the developer-friendly Polkadot. And I have good news: Polkadot is readying two builder-centric platform upgrades that could change the trajectory of this lagging cryptocurrency. Say hello to the JAM scaling upgrade and a ready-to-code DevContainer.

Here’s what changed — and why it could matter for DOT investors.

Header JAM: Faster blocks, flexible projects, and elastic scaling

The chain-spanning connector package known as Polkadot is about to get a massive makeover. The incoming technical changes are so powerful, Polkadot’s backers in the Web3 Foundation call it “Polkadot 3.0.”

I could get all up in the nerdy weeds with the changes, built around the Join Accumulate Machine (JAM) upgrade. Trust me, I’m tempted to go there. But you’re not here for that geekery, so let’s keep it simple: Polkadot is about to get much faster, more flexible, and easier to use.

The global network of computing nodes that validate Polkadot transactions and execute code in its smart contracts is already one of the fastest blockchains on the market. JAM will multiply the computing power of this platform by 10, by some estimates. Polkadot co-founder Gavin Wood calls it “a supercomputer on the blockchain,” with easy and instant access to exactly the number-crunching resources your app needs.

Gone are the unpredictable auctions for computing time, in comes a new project funding system. Parachains are still a thing, and existing Polkadot projects will be fully compatible with the new JAM core. It’s just going to be much easier to get your hands on the right resources at the right time. There’s a price list now; just pay for your computing power and you’re good to go. Easy as Polkadot pie.

Image source: Polkadot.

DevContainer: One-command setup makes it easy to get involved

The new DevContainer feature may not feel as important, but anything that attracts more developers to the Polkadot platform should also be good for the tightly integrated cryptocurrency in the long run.

The Polkadot Smart Contracts DevContainer does exactly that, at least in theory. Getting started as a Polkadot developer has never been easier. Traditional setups of a new development system can be a slow and frustrating process. Now, the manual setup and configuration is replaced by one command and lots of automation.

I can’t promise that this system will be popular with new or existing Polkadot app builders, but it sounds pretty good to my (non-developer) ears. Instant setup and then you’re dealing with the power-packed JAM system — where do I sign up?

Why this matters for DOT holders (and what to watch)

The DevContainer package is already available and JAM should take over as the main Polkadot engine before the end of 2025. These helpful upgrades coincide with rising interest in Web3 apps, giving more control to app users and less of it to massive social network corporations.

Polkadot’s chart has actually been lagging behind other cryptocurrencies for years:

Polkadot Price data by YCharts

And it’s kind of funny. Using Polkadot in an app project, you can connect to many other cryptocurrencies and move data, monetary assets, or code from one blockchain to another. If Web3 is the blockchain-based foundation of the next internet epoch, then Polkadot is the digital glue that holds it together.

Will people actually use it?

JAM replaces clunky auctions with pay-as-you-go capacity, and the DevContainer gets builders going in minutes. If people show up, it could turn into a real block party for DOT holders as usage drives demand.

I think it’s time to connect the DOTs between better tech and investor value. Polkadot has been struggling in the shadows for too long, letting the likes of Ethereum and Solana have all the headline-inspiring fun. That could change when JAM rolls out.

I don’t expect a sudden spike in DOT prices, but a lucrative rise over time as developers and app users (i.e., pretty much everybody) adopt this technology in real-world smartphone apps and cloud platforms.

June 20 (UPI) — A federal judge has blocked President Donald Trump‘s attempt to make federal transportation funding contingent on state compliance with his immigration policies.

In his ruling Thursday, Chief U.S. District Judge John McConnell of Providence, R.I., said not only does the Department of Transportation lack the authority to tie grant funding to immigration enforcement, but the directive also usurps Congress’ power of the purse while being “arbitrary and capricious.”

“Congress did not authorize or grant authority to the Secretary of Transportation to impose immigration enforcement conditions on federal dollars specifically appropriated for transportation purposes,” the President Barack Obama appointee said in his brief ruling.

The ruling came in response to a lawsuit filed by 20 state attorneys general challenging an April 24 directive sent to all Department of Transportation funding receipts, stating they must comply with an Immigration Enforcement Condition when applying for future grants.

The letter specifies that as recipients, they have “entered into legally enforceable agreements with the United States Government and are obligated to comply fully with all applicable Federal laws and regulations,” particularly those relating to immigration enforcement and diversity, equity and inclusion policies.

“Adherence to your legal obligations is a prerequisite for receipt of DOT financial assistance,” Transportation Secretary Sean Duffy’s letter states.

“Noncompliance with applicable Federal laws, or failure to cooperate generally with Federal authorities in the enforcement of Federal law, will jeopardize your continued receipt of Federal financial assistance from DOT and could lead to a loss of Federal funding from DOT.”

The 20 Democrat-led states filed their lawsuit against the directive in May, arguing the Department of Transportation has no authority to tie grants to federal civil immigration enforcement, as the two are unrelated.

In his ruling, McConnell agreed with the plaintiffs.

“The IEC, backed by the Duffy Directive, is arbitrary and capricious in its scope and lacks specificity in how the States are to cooperate on immigration enforcement in exchange for Congressionally appropriated transportation dollars — grant money that the States rely on to keep their residents safely and efficiently on the road, in the sky and on the rails,” he said.

“[T]he IEC is not at all reasonably related to the transportation funding program grants.”

California Attorney General Rob Bonta applauded the ruling while chastising Trump for “threatening to withhold critical transportation funds unless states agree to carry out his inhumane and illogical immigration agenda.

“It’s immoral — and more importantly, illegal,” the Democrat said. “I’m glad the District Court agrees, blocking the President’s latest attempt to circumvent the Constitution and coerce state and local governments into doing his bidding while we continue to make our case in court.”

Since returning to the White House, Trump has led a crackdown on immigration, with many of his policies being challenged in court.

Late Thursday, an appeals court handed Trump a victory in the battle, permitting California National Guard troops to remain deployed on Los Angeles streets amid protests against his immigration policies.

California Gov. Gavin Newsom has vowed to continue to fight what he called “President Trump’s authoritarian use of U.S. military soldiers.”

The mandate that the DoT challenged was a key part of former US President Joe Biden’s plan to address climate change.

The United States Department of Transportation (DoT) has declared that former President Joe Biden’s administration exceeded its authority by assuming a high uptake of electric vehicles in calculating fuel economy rules.

With that declaration on Friday, the DoT paved the way for looser fuel standards and published the “Resetting the Corporate Average Fuel Economy Program” (CAFE) rule. A future separate rule from the administration of President Donald Trump will revise the fuel economy requirements.

“We are making vehicles more affordable and easier to manufacture in the United States. The previous administration illegally used CAFE standards as an electric vehicle mandate,” Transportation Secretary Sean Duffy said in a statement.

The department’s National Highway Traffic Safety Administration (NHTSA), in writing its rule last year under Biden, had “assumed significant numbers of EVs would continue to be produced regardless of the standards set by the agency, in turn increasing the level of standards that could be considered maximum feasible,” it said Friday.

A shift away from Biden policies 

In January, Duffy signed an order directing NHTSA to rescind fuel economy standards issued under Biden for the 2022-2031 model years that had aimed to drastically reduce fuel use for cars and trucks.

In a release last year, the DoT, then led by Pete Buttigieg, put in place a required fuel economy to increase by 2 percent for cars made between 2027 and 2031.

At the time, the DoT said it would help save consumers upwards of $600 on gas every year. It was also part of the Biden administration’s plan to address climate change.

“These new fuel economy standards will save our nation billions of dollars, help reduce our dependence on fossil fuels, and make our air cleaner for everyone. Americans will enjoy the benefits of this rule for decades to come,” then NHTSA Deputy Administrator Sophie Shulman said at the time.

In June 2024, the NHTSA said it would hike CAFE requirements to about 50.4 miles per gallon (4.67 litres per 100km) by 2031 from 39.1mpg currently for light-duty vehicles.

The agency last year said the rule for passenger cars and trucks would reduce gasoline consumption by 64 billion gallons and cut emissions by 659 million metric tons, cutting fuel costs with net benefits estimated at $35.2bn.

Late on Thursday, Senate Republicans proposed eliminating fines for failures to meet CAFE rules as part of a wide-ranging tax bill, the latest move aimed at making it easier for automakers to build gas-powered vehicles.

Last year, Chrysler-parent Stellantis paid $190.7m in civil penalties for failing to meet US fuel economy requirements for 2019 and 2020 after paying nearly $400m for penalties from 2016 through 2019. GM previously paid $128.2m in penalties for 2016 and 2017.

Stellantis said it supported the Senate Republican proposal “to provide relief while DoT develops its proposal to reset the CAFE standards … The standards are out of sync with the current market reality, and immediate relief is necessary to preserve affordability and freedom of choice.”

GM declined to comment.