Ndax Weekly TL;DR April 28th

• Ondo Finance Discusses Tokenized Securities Regulatory Pathways with SEC Crypto Task Force
• Solana Foundation Reduces Support for Long-Term Validators to Strengthen Community Participation
• SEC Chair Paul Atkins Criticizes Past Leadership and Pledges Regulatory Clarity for Crypto 
   

Ondo Finance and its legal counsel met with the SEC’s Crypto Task Force to explore compliant models for issuing tokenized versions of US securities, focusing on registration, broker-dealer obligations, and investor protection. The discussions are part of Ondo’s efforts to expand blockchain-based tokenization of traditional financial assets, as it currently manages over $1 billion in tokenized products. This meeting reflects broader industry engagement with the SEC under a more open regulatory environment initiated earlier this year. CryptoSlate

The Solana Foundation has introduced a new policy that scales back support for long-standing validators heavily reliant on Foundation-delegated stake, requiring stronger community backing for continued participation. Under the updated rules, three existing validators will be removed for every new one added if they lack sufficient external delegation after 18 months. This shift aims to foster decentralization, encourage validator self-sufficiency, and transition the network toward a performance- and community-driven model. CryptoSlate

New SEC Chairman Paul Atkins criticized the agency’s prior approach to crypto regulation during his first public appearance, saying it fostered market uncertainty and stifled innovation. Speaking at the SEC’s crypto roundtable in Washington, D.C., Atkins emphasized his commitment to working with Congress and the Trump administration to establish a clear, purpose-driven regulatory framework for digital assets. His remarks mark a shift from the enforcement-heavy strategy under former Chair Gary Gensler, signaling a more open and collaborative stance toward the crypto industry. crypto.news

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

• SEC Extends Review Period for Proposed HBAR and Polkadot ETFs Amid Growing Crypto Filing Backlog CryptoSlate
• World’s First XRP ETF Launches on Brazil’s B3 Exchange Beincrypto 
• North Korean Hackers Use Fake Crypto Firms and AI Identities to Spread Malware in Job Scams CryptoSlate
• XRP Ledger Foundation Identifies and Fixes Crypto-Stealing Backdoor in JavaScript Library Cointelegraph 
• Senator Lummis Criticizes Federal Reserve for Maintaining Anti-Crypto Bias Despite Recent Policy Changes crypto.news
• Paradigm Invests $50 Million in Nous to Build Decentralized AI on Solana crypto.news
• Ethereum Foundation Refocuses on Layer 1 Scaling as Vitalik Buterin Shifts to Research Role CryptoSlate
• US SEC and El Salvador’s CNAD Collaborate on Cross-Border Tokenization Trials CryptoSlate 
• Italian Town of Fornelli to Unveil Satoshi Nakamoto Monument on May 1 Cointelegraph

As of 04-28-2025 at 9:00 AM EDT
Market Summary

• Over the past seven days, the global cryptocurrency market capitalization has increased from CA$3.78 trillion to CA$4.14 trillion.
• Bitcoin's market dominance stands at 63.3%, while Ethereum's share is 7.3%.

Performance

• Over the past 24 hours, the price of BTC has fluctuated between CA$129K and CA$132K registering a 10% change over the past week and a market cap of CA$2.6 trillion. At Ndax, the weekly movers are SUI, which saw a 68% increase in the last seven days reaching a market cap of CA$16.9 billion, and POL, which experienced a 23% rise with a market cap of CA$583 million. (At time of writing)

Visit our new markets page offering real-time data for almost 15,000 cryptocurrencies. Track trends, monitor your favorite cryptocurrencies, and stay ahead of the market. 
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Mark your calendars!

• Apr 30 – US Core PCE Index Announcement 
• May 2 – US Unemployment Rate Announcement 
• May 9 – Canada Unemployment Rate Announcement 

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