Ndax Weekly TL;DR April 14th

• SEC and Ripple Request Pause in Appeals to Finalize Settlement Agreement
• Vitalik Buterin Proposes Roadmap to Strengthen Privacy on Ethereum Layer-1
• Canada’s Unemployment Rate Rises to 6.7% as Economy Sheds 33,000 Jobs in March
   

The US Securities and Exchange Commission (SEC) and Ripple Labs have jointly filed a motion to pause their ongoing appeals as they work toward finalizing a settlement in their multi-year legal dispute. The motion, submitted to the Second Circuit Court of Appeals on April 10, follows an agreement in principle to resolve the case, including Ripple’s $50 million civil penalty and withdrawal of its cross-appeal. If granted, the pause would suspend all briefing deadlines and conserve judicial resources while the settlement awaits formal SEC approval. The case, initiated in December 2020, challenged Ripple’s XRP sales as unregistered securities offerings. CryptoSlate

Ethereum co-founder Vitalik Buterin has unveiled a new roadmap to improve Layer-1 privacy by integrating privacy tools directly into wallets, using dApp-specific addresses, and enhancing data obfuscation. In an April 11 blog post, Buterin outlined four areas for improvement, including private payments, anonymized dApp interactions, hidden read-access data, and secure network communications. His approach seeks to limit user traceability across applications without requiring significant changes to Ethereum’s core infrastructure. CryptoSlate

Canada’s unemployment rate increased to 6.7% in March, its highest level since January 2022, as the economy lost 33,000 jobs—far below economists’ expectations of a 10,000-job gain. According to Statistics Canada, the job losses were concentrated in wholesale and retail trade, information, agriculture, manufacturing, and construction. Private-sector employment declined by 48,000, while full-time work saw a 0.4% drop. Analysts point to US tariffs and economic uncertainty as key factors behind the weakening labor market, with some economists now anticipating deeper Bank of Canada rate cuts in the coming months to cushion the impact. Financial Post

Ndax's news feature provides the latest news, stories, and trends to help you keep your hand on the pulse of crypto and blockchain.

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News Nuggets

• Cosmos Launches Eureka to Enable Native Interoperability Between Ethereum and IBC Networks Cointelegraph
• Aave DAO Approves $1 Million Weekly Token Buyback in Six-Month Trial CryptoSlate
• Solana Introduces Confidential Balances to Combine Zero-Knowledge Privacy With Regulatory Compliance CryptoSlate
• Illinois Senate Passes Crypto Oversight Bill to Combat Fraud and Rug Pulls Cointelegraph
• New York Bill Proposes Allowing State Agencies to Accept Cryptocurrency Payments Cointelegraph
• Paul Atkins Confirmed as SEC Chair, Signaling Shift Toward Pro-Crypto Regulatory Framework CryptoSlate
• Kaspersky Uncovers Crypto-Stealing Malware in Fake Microsoft Office Add-Ins on SourceForge Cryptonews
• Crypto Lawyer Sues US Department of Homeland Security for Records on Satoshi Nakamoto’s Identity Cryptonews

As of 04-14-2025 at 8:50 AM EDT

Market Summary

• Over the past seven days, the global cryptocurrency market capitalization has increased from CA$3.49 trillion to CA$3.74 trillion.
• Bitcoin's market dominance stands at 62.5%, while Ethereum's share is 7.5%.

Performance

• Over the past 24 hours, the price of BTC has fluctuated between CA$113K and CA$121K registering a 7% change over the past week and a market cap of CA$2.3 trillion. At Ndax, the weekly movers are JASMY, which saw a 80% increase in the last seven days reaching a market cap of CA$1.1 billion, and RENDER, which experienced a 44% rise with a market cap of CA$2.9 billion.(At time of writing)

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Mark your calendars!

• Apr 16 – Canada Interest Rate Announcement 
• Apr 16 – ARB Token Unlock
• Apr 17 – US Initial Jobless Claims Announcement

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