Ndax Weekly TL;DR Febraury 24th

• Cardano Plans for Post-Quantum Security as Microsoft Advances Quantum Computing
• NEAR Protocol Gains Institutional Backing with Laser Digital Investment Fund
• Canada’s Inflation Rises to 1.9% in January, Increasing Odds of Bank of Canada Rate Pause
• Ethereum’s Open Intents Framework Seeks to Unify Layer-2 Ecosystem
   

Charles Hoskinson, the founder of Cardano, has outlined a strategy to strengthen the blockchain against potential threats from quantum computing. He highlighted the significance of Microsoft's latest quantum chip, viewing it as a major technological leap that accelerates the need for enhanced security measures. Cardano’s approach involves implementing a proof chain, an independent verification layer designed to protect past transactions using advanced cryptographic methods. CryptoSlate

Nomura’s digital asset subsidiary, Laser Digital, has launched a new investment fund aimed at increasing institutional adoption of NEAR Protocol. The fund, powered by TruStake’s staking solution, provides long-term exposure to NEAR while enabling participants to earn rewards through blockchain consensus. Positioned at the intersection of AI and digital assets, NEAR has gained attention for its user-owned AI capabilities and innovative blockchain architecture. Crypto.news

Canada’s annual inflation rate edged up to 1.9% in January, reversing its previous decline, as energy prices surged despite a temporary tax break lowering costs in some categories. Core inflation measures also rose, prompting economists to reconsider expectations for an interest rate cut from the Bank of Canada (BoC) in March. Market probabilities now lean toward a rate hold, with a 63% chance of no change, up from 56% before the inflation data release. While energy prices were the primary driver of inflation, the impact of the tax holiday continues to distort CPI readings. Analysts suggest that upcoming data on tariffs, GDP, and employment will play a crucial role in the BoC’s final decision. Yahoo Finance

The Ethereum Foundation has introduced the Open Intents Framework, a new interoperability initiative aimed at simplifying cross-chain asset transfers and addressing fragmentation across Ethereum’s Layer-2 (L2) networks. Developed in collaboration with major L2 projects, wallets, and infrastructure providers, the framework enables users to express transaction intents—such as swapping assets across chains—which are then executed by solvers to streamline the process. Crypto.news

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News Nuggets

• Bitcoin and Ether Drop Following $1.5 Billion Bybit Hack CoinDesk 
• Bank of Canada Warns of Long-Term Economic Strain from U.S. Trade War Yahoo Finance
• VanEck’s Matthew Sigel Claims Jack Dorsey Is Bitcoin’s Mysterious Creator, Satoshi Nakamoto Crypto.news
• Brazil Approves World’s First Spot XRP ETF, Set for Launch CoinDesk
• Microsoft’s New Quantum Chip Raises Urgency for Bitcoin’s Quantum-Resistant Future Cointelegraph
• U.S. Senators Urge SEC to Reconsider Crypto Staking in ETFs CoinDesk
• Montana Advances Bitcoin Reserve Bill, Becoming Fourth U.S. State to Reach House Cointelegraph
• Argentina’s Crypto Future Uncertain After President Milei’s LIBRA Memecoin Controversy Cointelegraph
• Sam Bankman-Fried Seeks Clemency, Claims Political Bias in FTX Case CryptoSlate

As of 02-24-2025 at 9:15 AM EST

Market Summary

• Over the past seven days, the global cryptocurrency market capitalization has decreased from CA$4.55 trillion to CA$4.41 trillion.
• Bitcoin's market dominance stands at 61.2%, while Ethereum's share is 10.4%.

Performance

• Over the past 24 hours, the price of BTC has fluctuated between CA$135K and CA$137K registering a 0.83% change over the past week and a market cap of CA$2.7 trillion. At Ndax, the weekly movers are Sonic (S), which saw a 23% increase in the last seven days reaching a market cap of CA$2.8 billion, and Sei (SEI), which experienced a 19% rise with a market cap of CA$1.9 billion. (At time of writing)

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Mark your calendars!

Feb 27 – CELO Token Unlock 
Feb 27 – OP Token Unlock 
Feb 28 – US Core PCE Announcement 

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