Ndax Weekly TL;DR March 24th

• Ripple CEO Hails SEC Case Dismissal as Milestone Win for Crypto Industry
• SEC Hosts First Crypto Roundtable, Signals Shift Toward Collaborative Policy Development
• Canada’s Inflation Rises to 2.6%, Clouding BoC Rate Cut Path Amid Looming Tariff Impacts
   

The US Securities and Exchange Commission (SEC) has formally dismissed its lawsuit against Ripple Labs, ending a legal battle that began in 2020 over an alleged $1.3 billion unregistered securities offering involving XRP. Ripple CEO Brad Garlinghouse described the move as a significant moment for the broader cryptocurrency industry. While the SEC’s decision brings closure to Ripple's legal challenges, it also signals potential changes in how digital asset regulations are approached in the US. Cointelegraph

The US Securities and Exchange Commission (SEC) held its first crypto-focused roundtable, signaling a new willingness to engage with the industry in shaping workable digital asset policies. Commissioner Hester Peirce emphasized the agency's intent to build a more transparent and flexible framework, while Acting Chair Mark Uyeda acknowledged the need for more formal guidance instead of relying solely on enforcement. Discussions at the event highlighted challenges like early-stage token distribution and regulatory uncertainty. The agency also hinted at non-fungible tokens (NFTs) as a potential next focus for policy clarification. CoinDesk

Canada’s annual inflation surged to 2.6% in February, surpassing forecasts and complicating the Bank of Canada's monetary policy outlook. Core inflation measures—CPI-trim and CPI-median—jumped to 2.9%, signaling persistent price pressures even before the full impact of new U.S. tariffs takes hold. Analysts are now divided on whether the BoC will proceed with further rate cuts, with market expectations showing a 59% chance of a pause. Economists warn that inflation may exceed 3% in coming months, and the BoC's recent rate-cutting trend could face renewed scrutiny if economic conditions worsen, or inflation remains elevated. Yahoo Finance

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News Nuggets

• Strategy Raises $711M to Buy More Bitcoin, Eyes 500K+ BTC Milestone CoinDesk
• Fake TradingView Software on Reddit Steals Crypto via Trojan Malware Cointelegraph
• First Solana Futures ETFs Set to Launch in US CryptoSlate
• Berachain Broadens Reward System to Boost Ecosystem Participation Starting March 24 crypto.news
• Uniswap DAO Approves $165M Growth Plan, Lays Groundwork for Fee Sharing with UNI Holders CoinDesk
• Solana CEO Apologizes for Controversial Ad, Pledges to Avoid Cultural Divides Cointelegraph
• EOS Network Rebrands to Vaulta, Shifting Focus to Web3 Banking and DeFi Integration CryptoSlate
• Aave V3 Launches on Celo, Expanding DeFi Access in Emerging Markets Cryptonews

As of 03-24-2025 at 9:25 AM EDT

Market Summary

• Over the past seven days, the global cryptocurrency market capitalization has increased from CA$3.90 trillion to CA$4.09 trillion.
• Bitcoin's market dominance stands at 60.7%, while Ethereum's share is 8.8%.

Performance

• Over the past 24 hours, the price of BTC has fluctuated between CA$122K and CA$126K registering a 5% change over the past week and a market cap of CA$2.5 trillion. At Ndax, the weekly movers are Sonic (S), which saw a 22% increase in the last seven days reaching a market cap of CA$2.7 billion, and Render (RENDER), which experienced a 20% rise with a market cap of CA$2.8 billion. (At time of writing)

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Mar 28 – US Core PCE Index Announcement 
Mar 29 – CELO Token Unlock 
Mar 31 – SUI Token Unlock 

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