Ndax Weekly TL;DR March 31st

• SEC Schedules Four New Crypto Roundtables 
• Google Cloud Joins Injective Network as Validator to Boost Web3 Development 
• Sei Foundation Considers Acquisition of 23andMe to Advance Blockchain-Based Genetic Data Ownership
   

The US Securities and Exchange Commission (SEC) announced it will hold four additional crypto-focused roundtables between April and June 2025, following its initial event on March 21. These upcoming sessions, organized by the SEC’s Crypto Task Force, will explore regulation in four key areas: crypto trading (April 11), custody (April 25), tokenization (May 12), and decentralized finance (June 6). All roundtables will be open to the public online or in person at the SEC's Washington, D.C. headquarters. Commissioner Hester Peirce, who leads the task force, said the discussions aim to help define regulatory paths forward for digital assets. Cointelegraph

Injective, an interoperable Layer-1 blockchain, announced that Google Cloud has become an official validator on its network. This partnership aims to enhance Injective’s network security and decentralization while leveraging Google Cloud’s infrastructure and Web3 development tools. Injective will host its developer suite on Google Cloud and participate in collaborative initiatives such as an AI Agent Hackathon. The collaboration is designed to streamline decentralized application (dApp) development and attract both Web2 and Web3 developers. Cryptonews

The Sei Foundation has announced its intention to acquire the bankrupt genetic testing firm 23andMe, aiming to transition its data infrastructure onto the Sei blockchain. The move is positioned as a push into the decentralized science (DeSci) space, with a focus on enhancing user privacy, data ownership, and transparency. The foundation stated that the acquisition would safeguard sensitive genomic data by allowing individuals to control how their information is stored, shared, and monetized. If successful, this would represent a major step toward integrating genetic science with decentralized technologies. CryptoSlate

Ndax's new news feature provides the latest news, stories, and trends to help you keep your hand on the pulse of crypto and blockchain.
View Live Stories

News Nuggets

• Terraform Labs Opens Claims Portal for UST Crash Victims Ahead of April 30 Deadline CryptoSlate
• Ethereum Targets April 30 for Pectra Mainnet Upgrade Following Hoodi Testnet Success CryptoSlate
• Grayscale Seeks SEC Approval for Spot Avalanche ETF on Nasdaq CoinDesk
• Senator Introduces Bill to Abolish Federal Reserve as White House Expands Bitcoin Reserve Plans CryptoSlate
• Celo Completes Transition to Ethereum Layer-2 via Optimistic Rollups Cointelegraph
• Ethereum Burn Rate Reaches Record Low, Reflecting Decreased Network Activity Cryptonews
• Avalanche and Gelato Introduce Blockchain-as-a-Service for Institutional Adoption Cointelegraph
• Ripple and Chipper Cash Collaborate to Enhance Cross-Border Payments in Africa Cointelegraph
• South Carolina Proposes Bill to Allow Bitcoin Investments with Up to 10% of Unspent State Funds Beincrypto

As of 03-31-2025 at 9:00 AM EDT
 

Market Summary

• Over the past seven days, the global cryptocurrency market capitalization has decreased from CA$4.09 trillion to CA$3.85 trillion.
• Bitcoin's market dominance stands at 61.4%, while Ethereum's share is 8.3%.

Performance

• Over the past 24 hours, the price of BTC has fluctuated between CA$119K and CA$116K registering a 5% change over the past week and a market cap of CA$2.4 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. 
View Live Market Data

Mark your calendars!

• Apr 4 – Canada Unemployment Rate Announcement 
• Apr 4 – US Unemployment Rate Announcement

This week’s blog dives into Value-Referenced Crypto Assets (VCRAs), commonly known as stablecoins. You'll learn how these digital assets work, why they matter in Canada, the different types available, and the benefits and risks they bring to traders. To learn more, click here.

Explore Learning Hub

• One Click Staking
• Flexible and Fixed Plan Options
• Earn Passive Income 
• Grow Your Holdings

Discover Staking

Introduce Ndax to your community and unlock rewards! For every new user you refer to Ndax, you'll automatically earn $15-$30 CAD, terms and conditions apply.

Share your affiliate link now

Thanks for reading our latest newsletter. Don't forget to follow us on social media for more updates and join the conversation on our forums.

Happy trading, 
The team at Ndax