Ndax Weekly TL;DR July 14

• Vitalik Buterin Proposes Ethereum Transaction Gas Limit to Enhance zkVM Compatibility and Security
• Polygon Launches Its ‘Most Complex’ Hard Fork, Heimdall 2.0, Enhancing Stability and Performance
• Strong June Jobs Report Diminishes Expectations for Bank of Canada Rate Cut

Ethereum co-founder Vitalik Buterin, along with Ethereum Foundation researcher Toni Wahrstätter, introduced Ethereum Improvement Proposal (EIP) 7983, suggesting a cap of 16.77 million gas per transaction. The proposal seeks to improve Ethereum's resilience against denial-of-service (DoS) attacks, increase network stability, and promote fairer gas distribution across transactions. Transactions exceeding this gas limit would be invalidated and excluded from blocks. While most typical Ethereum transactions currently fall below this limit, complex transactions would need to be split into smaller operations. The primary benefits include mitigating attack risks, stabilizing transaction validation times, and significantly enhancing compatibility and efficiency with zero-knowledge virtual machines (zkVMs). CryptoSlate

Polygon has implemented its most intricate hard fork, named Heimdall 2.0. According to Polygon Foundation CEO Sandeep Nailwal, the update represents the most technically advanced upgrade of Polygon's Proof-of-Stake (PoS) blockchain since its inception in 2020. Heimdall 2.0 aims to significantly reduce block finality times to around five seconds, decrease the likelihood of chain reorganizations, and lay groundwork for faster future updates. Nailwal has urged node operators to prepare for temporary network instability, noting that block finality may experience delays of up to three hours during the upgrade process. Cointelegraph

Canada's labour market showed unexpected strength in June, adding approximately 83,000 jobs, predominantly part-time, and reducing the unemployment rate slightly to 6.9%. This unexpected increase contrasts with prior economic forecasts predicting no job growth and a higher unemployment rate. Economists suggest this strong data significantly lowers the likelihood of an interest rate cut by the Bank of Canada at its upcoming July 30 meeting. Despite ongoing tariff threats from the U.S., economists are now reconsidering earlier projections for immediate rate cuts, suggesting the central bank might delay easing monetary policy until later in the year, pending further economic indicators like inflation. BNN Bloomberg

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

• Canada Seeks New U.S. Trade Deal by Aug. 1 Amid Trump's Threat of 35% Tariffs Ctvnews
• Bitcoin ETFs Attract Record $1.2B in Inflows as BTC Price Hits New All-Time High CryptoSlate
• US Senators Propose Sanctions on El Salvador’s Bukele Over Bitcoin and Human Rights Concerns CryptoSlate
• The Graph Integrates Real-Time Data Streaming with TRON Blockchain to Boost dApp Development CryptoSlate
• New Zealand Bans Crypto ATMs, Imposes Limits on Cash Transfers to Fight Financial Crime Cointelegraph
• TON Foundation Clarifies Misleading UAE Golden Visa Claims, Denies Official Partnership CryptoSlate
• Ethereum Foundation Completes First OTC ETH Sale, SharpLink Buys 10,000 ETH as Treasury Reserve CoinDesk
• NFT Sales Reach $2.8B in First Half of 2025 Despite Continued Drop in Trading Volume Cointelegraph

As of 07-14-2025 at 8:55 AM EDT

Market Summary

• Over the past seven days, the global cryptocurrency market capitalization has increased from CA$4.58 trillion to CA$5.19 trillion.
• Bitcoin's market dominance stands at 63.7%, while Ethereum's share is 9.7%. 

Performance

• Over the past 24 hours, the price of BTC has fluctuated between CA$162K and CA$168K registering a 12% change over the past week and a market cap of CA$3.3 trillion. At Ndax, the weekly movers are ALGO, which saw a 58% increase in the last seven days reaching a market cap of CA$3.3 billion, and HBAR, which experienced a 50% rise with a market cap of CA$13.9 billion. (At time of writing)

Visit our new markets page offering real-time data for almost 17,000 cryptocurrencies. Track trends, monitor your favorite cryptocurrencies, and stay ahead of the market. 
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Mark your calendars!

• July 15 – SEI Token Unlock
• July 15 – US Core CPI Announcement   
• July 15 – Canada Core Inflation Rate Announcement
• July 16 – ARB Token Unlock 

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The team at Ndax