Ndax Weekly TL;DR January 13th

Every Monday, we cover the latest developments and trends in the dynamic and ever-evolving world of cryptocurrency. From price movements, industry news and our favorite resources, we strive to provide our readers with a comprehensive overview of the crypto landscape. 

Happy Monday, Ndaxers— Here’s what happened last week:

Top Stories

  • U.S. Job Growth Surpasses Expectations, Weighing on Crypto Markets and Fed Rate Cut Speculation
  • Arbitrum DAO Approves BoLD Protocol Upgrade to Enhance Network Decentralization
  • Pyth Network Partners with Revolut to Integrate Real-Time Digital Asset Data into DeFi
  • Fetch.ai Launches $10M Accelerator to Support AI Agent and Tech Startups
     

The U.S. economy added 256,000 jobs in December, well above the expected 160,000, pushing the unemployment rate down to 4.1%. This stronger-than-expected data led to a broad market pullback, particularly affecting the crypto sector, as investors reassessed the likelihood of continued Federal Reserve rate cuts in 2025. The surge in job growth sparked a rise in bond yields and a strengthening dollar, further increasing pressure on the crypto markets. The report has prompted growing uncertainty about the Fed's future monetary policy decisions. CoinDesk

Arbitrum’s decentralized autonomous organization (DAO) has unanimously supported the BoLD protocol upgrade, set to remove centralized validator restrictions and improve dispute resolution within the network. The BoLD protocol introduces a fixed time-bound dispute process, reducing the risk of delays caused by bad actors. Additionally, it opens Arbitrum One’s validation system to anyone, fostering greater decentralization. While Arbitrum One will adopt the permissionless model, Arbitrum Nova will maintain a permissioned structure, with Infura added to enhance security. The upgrade, slated for deployment on February 12, aims to strengthen Arbitrum's ecosystem and resolve issues like sequencer outages. Cointelegraph

Pyth Network has partnered with fintech company Revolut to integrate digital asset price data into decentralized finance (DeFi). Revolut will publish its digital asset prices on Pyth Price Feeds, providing DeFi developers with real-time market data for DApps. This collaboration aims to bridge the gap between traditional finance (TradFi) and Web3, offering access to over 500 price feeds across digital assets, foreign exchange, equities, and commodities. Cointelegraph

Fetch.ai has introduced a $10 million accelerator program aimed at supporting startups focused on AI agents, quantum computing, and high-performance technologies. Operated through Fetch.ai's Innovation Lab, the accelerator offers funding, mentorship, and access to Fetch.ai’s agent-based technologies to help startups scale globally. The program includes workshops, boot camps, and lectures in collaboration with organizations like MIT’s Web.lab. CEO Humayun Sheikh emphasizes that AI agents will redefine software development and task execution. Cointelegraph

Latest News

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News Nuggets

  • Sui Announces 12 Projects from Its First Hydropower Accelerator Program Cryptonews  
  • Arbitrum to Power Lotte Group's Metaverse Platform with Blockchain Integration CoinDesk 
  • MicroStrategy Expands Bitcoin Holdings with 1,070 BTC Cryptonews
  • The Graph Launches Geo Genesis, a Web3 Knowledge-Sharing App for Decentralized Communities Cryptonews 
  • Oklahoma Senator Proposes Bill to Legalize Bitcoin Payments for Employees and Vendors Decrypt 
  • U.S. Prosecutors to Review Extensive Communications in Preparation for Do Kwon’s 2026 Trial Cryptonews 
  • Four U.S. Spot Bitcoin ETFs Rank Among Top 20 Launches in History Cryptonews
  • New Hampshire Bill Proposes Bitcoin Reserve for State Treasury Investments CryptoSlate

Weekly Moves

As of 01-13-2025 at 8:50 AM EST

Market Summary

  • Over the past seven days, the global cryptocurrency market capitalization has decreased from CA$5.04 trillion to CA$4.55 trillion.
  • Bitcoin's market dominance stands at 57.2%, while Ethereum's share is 11.7%.

Performance

  • Over the past 24 hours, the price of BTC has fluctuated between CA$138K and CA$130K registering a 7% change over the past week and a market cap of CA$2.6 trillion. (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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Upcoming Events

Mark your calendars!

  • Jan 15 – US Core CPI Announcement 
  • Jan 16 – Arbitrum Token Unlock 
  • Jan 20 – Donald Trump Inauguration   

From Ndax Lighthouse

Dive into the essentials of liquidity pools in our latest blog, "What Is a Liquidity Pool?" Whether you're new to decentralized finance (DeFi) or looking to deepen your understanding, this article breaks down how liquidity pools work and their importance in the DeFi ecosystem. To learn more click here.

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Happy trading, 
The team at Ndax


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Disclaimer: This article is not intended to provide investment, legal, accounting, tax or any other advice and should not be relied on in that or any other regard. The information contained herein is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of cryptocurrencies or otherwise.