Ndax Weekly TL;DR Aug 11

• Trump Orders End to Banking Bias Against Lawful Crypto Businesses
• El Salvador Plans World’s First Bitcoin Banks to Deepen BTC Integration
• Chainlink Brings Live U.S. Stock and ETF Data to 37 Blockchains

President Donald Trump has signed an executive order aimed at protecting cryptocurrency companies from being denied banking services based on perceived “reputational risk.” The measure prohibits federal regulators from pressuring banks to cut ties with legal crypto firms, a practice critic has labeled “Operation Choke Point 2.0.” The move follows reports of unexplained account closures and financial disruptions across the sector and aligns with ongoing legislative efforts to set clearer boundaries on regulatory oversight of emerging industries. The order seeks to ensure fair access to banking for compliant digital asset companies and restore confidence in the U.S. financial system’s treatment of crypto. CryptoSlate

El Salvador’s Bitcoin Office has announced plans to establish “Bitcoin Banks,” a global first that could offer fully BTC-denominated banking services. While specifics remain limited, the move is seen as a major step in cementing Bitcoin’s role in the nation’s financial infrastructure. Senior presidential adviser Max Keiser framed the initiative as part of an “unstoppable” strategy to challenge traditional central banking, reinforcing El Salvador’s push to become the leading hub for Bitcoin innovation since adopting it as legal tender in 2021. Beincrypto

Chainlink has launched Data Streams, a real-time feed delivering live prices for major U.S. equities and ETFs directly to 37 blockchain networks. Aggregating multiple data sources through decentralized oracle networks, the service enables tokenized stock trading, perpetual futures, synthetic ETFs, and other advanced financial products, with built-in timestamping to manage market hours. Chainlink’s Chief Business Officer called the launch a “significant leap” toward fully composable, on-chain financial markets that can match the sophistication of legacy systems. 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

• Canada Loses 41K Jobs in July as Youth Unemployment Hits 15-Year High Yahoo Finance
• James Howells Turns Lost $905M Bitcoin Hunt into DeFi Token Venture Cointelegraph
• Chainlink Unveils Strategic LINK Reserve to Secure Long-Term Network Growth CryptoSlate
• ‘GreedyBear’ Cybercrime Ring Steals $1M in Crypto Through Extensions, Malware, and Scam Sites Cointelegraph
• NFT Market Rebounds with $530M in July Trades, Surpassing DeFi in User Activity CryptoSlate
• YouTube Trading Bot Scams Drain $900K from Ethereum Users Using AI-Generated Tutorials CryptoSlate
• Trump Opens Door to Crypto in U.S. Retirement Plans with New Executive Order Cointelegraph
• Ethereum’s Q4 Fusaka Upgrade Faces Delays as Developers Focus on 2026 Glamsterdam Release CryptoSlate

As of 08-11-2025 at 9:00 AM EDT

Market Summary

• Over the past seven days, the global cryptocurrency market capitalization has increased from CA$5.13 trillion to CA$5.49 trillion.
  Bitcoin's market dominance stands at 60.1%, while Ethereum's share is 12.7%. 

Performance

• Over the past 24 hours, the price of BTC has fluctuated between CA$168K and CA$163K registering a 4.74% change over the past week and a market cap of CA$3.3 trillion. At Ndax, the weekly movers are ENA, which saw a 30.18% increase in the last seven days reaching a market cap of CA$7.3 billion, and LINK, which experienced a 27.7% rise with a market cap of CA$19.9 billion. (At time of writing)

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• Aug 12 – US Core CPI Announcement
• Aug 13 – US Initial Jobless Claims Announcement

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