Ndax Weekly TL;DR June 16

• SEC and Ripple Submit Joint Motion to Settle Long-Running XRP Case with Revised Penalty
• Vitalik Buterin Proposes 'Lean Ethereum' Roadmap for Quantum Security and Protocol Simplification
• Cardano Weighs $100M ADA Allocation to Boost DeFi and Stablecoin Ecosystem

The U.S. Securities and Exchange Commission and Ripple have jointly filed a motion seeking to end their nearly five-year legal dispute by requesting court approval to dissolve a prior injunction and settle with a revised $50 million penalty. The proposed agreement would return $75 million of the original $125 million penalty to Ripple, pending judicial and appellate approval. This renewed effort follows previous failed settlement attempts and reflects both parties’ intent to resolve outstanding appeals and avoid further litigation. CryptoSlate

Ethereum co-founder Vitalik Buterin has introduced a "Lean Ethereum" initiative focused on simplifying the network’s architecture, enhancing post-quantum security, and optimizing validator operations. Presented at a Berlin research conference, the roadmap targets three core principles: security, simplicity, and optimality. Key proposals under review include a three-step finality protocol, post-quantum signature schemes, zkVMs for verifiable execution, and streamlined data availability via erasure coding. The initiative also outlines "lean" approaches to staking, cryptography, and protocol specifications to make Ethereum more accessible and efficient. CryptoSlate

Cardano founder Charles Hoskinson has proposed reallocating $100 million worth of ADA from the network's treasury to strengthen its underperforming DeFi and stablecoin sectors. The plan would convert ADA into a mix of Cardano-native stablecoins and Bitcoin to stimulate liquidity and usage. Hoskinson argues that the lack of stablecoin adoption is limiting the platform’s growth and that the move could generate sustainable revenue without inflation. CryptoSlate

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 Delays DOGE, HBAR, and AVAX ETF Decisions, Casting Doubt on Altcoin ETF Momentum crypto news
• Senate Advances GENIUS Act With 68–30 Cloture Vote, Paving Way for Stablecoin Legislation Cryptoslate
• Walmart and Amazon Reportedly Explore Stablecoin Issuance Amid Growing Institutional Interest Cointelegraph
• ‘Bitcoin Family’ Adopts Global Seed Storage Amid Rising Crypto-Related Kidnapping Threats CryptoSlate
• Polkadot Community Divided Over Proposal to Convert 500K DOT Into Bitcoin Reserve Cointelegraph
• Sui Blockchain Powers Real Vision’s On-Chain Reward System for Financial Media Users crypto news
• Polygon Launches ‘Gigagas’ Roadmap to Achieve 100,000 TPS for Financial-Grade Blockchain Performance CryptoSlate
• Meta’s Renewed Stablecoin Plans Trigger Fresh Scrutiny from U.S. Lawmakers CryptoSlate
• Australia Bans Financial Adviser for 10 Years Over Alleged $9.6M Crypto Investment Scam Cointelegraph

As of 06-16-2025 at 9:15 AM EDT

Market Summary

• Over the past seven days, the global cryptocurrency market capitalization has decreased from CA$4.58 trillion to CA$4.52 trillion.
• Bitcoin's market dominance stands at 63.7%, while Ethereum's share is 9.5%.

Performance

• Over the past 24 hours, the price of BTC has fluctuated between CA$143K and CA$145K registering a 2% change over the past week and a market cap of CA$2.9 trillion. At Ndax, the weekly movers are UNI, which saw a 17% increase in the last seven days reaching a market cap of CA$6.3 billion, and COMP, which experienced a 14% rise with a market cap of CA$664 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!

• June 18 – US FOMC Interest Rate Announcement 
• June 18 – S token Unlock 

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This week’s blog provides a practical guide for resolving missing crypto and CAD deposits on Ndax. It explains common reasons why deposits may be delayed, such as blockchain network congestion, missing reference codes, or bank processing times. The article outlines step-by-step instructions to help users verify transaction details, check blockchain explorers or bank records, and understand when to reach out to support. To learn more, click here.

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