Ndax Weekly TL;DR June 30

• FHFA Considers Bitcoin and Digital Assets in Mortgage Evaluations
• Cardano Unveils Layer-2 Vision to Boost Speed, Privacy, and Interoperability
• Trump Halts Canada Trade Talks Over Digital Services Tax, Warns of New Tariffs

The U.S. Federal Housing Finance Agency (FHFA) is reviewing whether digital assets like Bitcoin should be factored into mortgage applications, marking a potential shift in traditional lending criteria. FHFA Director Bill Pulte announced the initiative as part of a broader assessment of how cryptocurrency holdings could influence borrower qualifications. Historically excluded due to volatility and regulatory uncertainty, crypto assets may soon be considered alongside savings and securities in underwriting processes. Industry experts note this could reduce barriers for crypto investors seeking home loans, potentially avoiding the need to convert holdings into fiat and endure long waiting periods. The move reflects increasing regulatory openness to digital finance under the current U.S. administration. CryptoSlate

Cardano is advancing its scalability roadmap with a broader focus on Layer-2 solutions beyond its original Hydra framework. During a recent research event, developers and ecosystem partners introduced multiple L2 projects—including Midgard, zkFold, and Eryx—each designed to address specific challenges like transaction throughput, privacy, and cross-chain communication. The network is shifting toward a portfolio-based approach, aiming to maintain composability through shared standards and unified infrastructure. This marks a strategic move to support diverse blockchain use cases while minimizing fragmentation across the Cardano ecosystem. CryptoSlate

U.S. President Donald Trump announced an immediate end to trade negotiations with Canada, citing Canada’s digital services tax as the reason. In a Truth Social post, Trump said a new tariff rate for Canadian access to U.S. markets will be revealed within seven days. The decision jeopardizes a trade agreement discussed at the recent G7 summit and follows ongoing tensions over taxation of U.S. tech firms abroad. The announcement triggered a drop in the Canadian dollar and stock index, with market analysts predicting heightened volatility as the tariff deadline approaches. 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

• Shrinking GDP Unlikely to Prompt Immediate Rate Cuts from Bank of Canada Financial Post
• Aptos Surpasses $540M in On-Chain Real-World Assets as RWA Adoption Accelerates crypto news
• Powell Reaffirms Fed Support for Bank Involvement in Crypto Under Risk Controls CryptoSlate
• Senate Press Conference Signals Ongoing Efforts to Establish US Bitcoin Reserve Beincrypto
• US Judge Denies Ripple and SEC Request to Reduce $125M Penalty Cointelegraph
• US Crypto Legislation May Impact Do Kwon Case, Judge Notes GENIUS Act Cointelegraph
• S&P 500 Hits Record High as Dow Jones Surges 300 Points on Inflation Data crypto news
• Citibank Sued Over Alleged Negligence in $20M Crypto Romance Scam Cointelegraph
• Japan Moves to Reclassify Crypto, Opening Door to ETFs and Flat Taxation Cointelegraph

As of 06-30-2025 at 8:55 AM EDT

Market Summary

• Over the past seven days, the global cryptocurrency market capitalization has increased from CA$4.39 trillion to CA$4.52 trillion.
• Bitcoin's market dominance stands at 64.6%, while Ethereum's share is 9%.

Performance

• Over the past 24 hours, the price of BTC has fluctuated between CA$146K and CA$148K registering a 5% change over the past week and a market cap of CA$2.9 trillion. At Ndax, the weekly movers are SEI, which saw a 53% increase in the last seven days reaching a market cap of CA$2.3 billion, and ARB, which experienced a 32% rise with a market cap of CA$2.5 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!

• Jul 2 – ENA Token Unlock
• Jul 3 – US Unemployment Rate Announcement

This week's blog introduces Peanut the Squirrel (PNUT), a meme-inspired cryptocurrency now available for trading on Ndax. Readers will learn about the origins of PNUT, its community-driven approach, and the technology behind its operations on the Solana blockchain. The post highlights how meme coins like PNUT have gained traction in the digital economy and outlines key features including transaction efficiency, accessibility, and community engagement. To learn more, click here.

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The team at Ndax