Ndax Weekly TL;DR June 23

• Trump Calls for Swift House Approval of GENIUS Stablecoin Bill Following Senate Passage
• Massive Leak of 16 Billion Passwords Sparks Alarms Over Crypto Security Risks
• Bank of Canada Warns Tariffs May Push Consumer Prices Higher Without U.S. Trade Deal

President Donald Trump is urging the House of Representatives to quickly approve the GENIUS Act, a landmark stablecoin bill recently passed in the Senate with a 68–30 vote. In a post on Truth Social, Trump emphasized the bill’s role in securing U.S. dominance in the digital asset space and demanded it reach his desk without amendments or delays. The GENIUS Act proposes a clear regulatory framework for dollar-pegged stablecoins, requiring full reserve backing, AML compliance, and licensing structures. While it previously faced resistance over concerns tied to Trump’s crypto interests, growing bipartisan support signals increasing urgency to regulate stablecoins amid global competition. Cointelegraph

A newly uncovered breach exposing over 16 billion login credentials from major platforms such as Apple, Google, and Facebook is raising significant concerns within the crypto industry. According to researchers at Cybernews, the datasets—mostly sourced from unsecured servers—could fuel large-scale credential-based attacks, particularly targeting custodial crypto wallets and services lacking robust security measures like two-factor authentication. With leaked data including sensitive tokens and metadata, the risk of identity theft, phishing, and unauthorized account access is high. Crypto users are strongly advised to update their passwords, enable multifactor authentication, and avoid storing seed phrases in vulnerable digital formats. Cointelegraph

Bank of Canada Governor Tiff Macklem cautioned that ongoing U.S. tariffs on Canadian goods, including steel, aluminum, and vehicles, are contributing to inflationary pressure and economic uncertainty. Speaking in St. John’s, Macklem emphasized the urgency of a new trade and security agreement with the United States, warning that if tariffs persist, their costs could increasingly be passed on to Canadian consumers. He noted that inflation is already running higher than expected, and a slowdown in exports is dampening growth. With employment in trade-sensitive sectors falling and demand remaining soft, Macklem signaled that additional interest rate cuts may be necessary to support the economy if inflation remains under control. Financial Post

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

• Pakistan Enlists Michael Saylor and CZ as Advisers in Strategic Bitcoin Reserve Initiative CryptoSlate
• Canada Approves First Spot XRP ETF as Ripple and SEC Seek Legal Delay in Ongoing Case CryptoSlate
• SEI Price Jumps as Wyoming Chooses Sei Network for Stablecoin Pilot crypto news
• North Korean Hackers Target Crypto Professionals with Info-Stealing Malware Disguised as Job Offers Cointelegraph
• Crypto VC Partner Loses Life Savings in Phishing Scam via Fake Zoom Call Cointelegraph
• Ford Partners with Iagon to Pilot Decentralized Legal Data Storage on Cardano CryptoSlate
• Optimism Unveils Season 8 Governance Overhaul to Strengthen Decentralization Cointelegraph
• Ohio Advances Blockchain Bill to Exempt Bitcoin Payments Under $200 from Taxes CryptoSlate
• El Salvador Adds 240 Bitcoin Despite IMF Loan Agreement Against Accumulation Cointelegraph

As of 06-23-2025 at 9:15 AM EDT

Market Summary

• Over the past seven days, the global cryptocurrency market capitalization has decreased from CA$4.52 trillion to CA$4.39 trillion.
• Bitcoin's market dominance stands at 64.8%, while Ethereum's share is 8.8%.

Performance

• Over the past 24 hours, the price of BTC has fluctuated between CA$140K and CA$138K registering a 3% change over the past week and a market cap of CA$2.8 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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Mark your calendars!

• June 24 – Canada Inflation Rate Announcement  
• June 27 – US Core PCE Index Announcement  
• June 28 – FET Token Unlock
• June 30 – OP Token Unlock 

This week’s Ndax blog dives into Internet Computer (ICP)—a powerful Layer 1 blockchain that aims to transform how the internet is built and accessed. By reading the post, you’ll learn how ICP enables developers to run fully on-chain applications without relying on traditional servers, and why its innovative features like Chain Key Technology and reverse gas model make it a standout in Web3 infrastructure. To learn more, click here.

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