Ndax Weekly TL;DR Aug 4

• US SEC Launches ‘Project Crypto’ to Modernize Digital Asset Regulation
• Vitalik Buterin proposes new Ethereum structure to achieve faster transactions and greater scalability
• Bank of Canada maintains interest rate at 2.75% amid trade uncertainty

The U.S. Securities and Exchange Commission (SEC) has introduced "Project Crypto," an initiative designed to overhaul existing regulations and establish clear, tailored rules for digital assets and blockchain-based financial instruments. SEC Chair Paul Atkins emphasized the importance of modernizing the regulatory framework to better reflect the realities of 21st-century finance, while promoting innovation and competition in the crypto sector. Key aspects of Project Crypto include simplifying licensing processes for brokerages, clearly differentiating between commodities and securities, allowing regulatory exemptions for emerging crypto projects, and protecting users' rights to self-custody assets. Cointelegraph

Ethereum co-founder Vitalik Buterin has proposed a significant architectural update designed to boost Ethereum's speed and scalability by separating the network’s fork choice mechanism from its finality process. Under his plan, a smaller set of about 256 validators would manage real-time fork choice decisions, rapidly confirming new blocks, while a larger validator group would handle block finality at a slower pace. This two-tiered approach would reduce the number of communication rounds per block slot, potentially shortening confirmation times and enabling Ethereum to safely scale up to a million validators. Cryptoslate

The Bank of Canada has held its key overnight interest rate steady at 2.75%, highlighting ongoing uncertainty related to U.S. trade policy and tariffs. The central bank noted that while the Canadian economy showed resilience earlier in 2025, recent tariffs have negatively impacted exports, leading to an estimated GDP contraction of about 1.5% in the second quarter. Inflation has risen slightly to 1.9%, with underlying inflation assessed at around 2.5%, driven primarily by higher non-energy goods prices. Looking ahead, the Bank forecasts modest GDP growth later in the year if trade tensions stabilize but warns that increased tariffs would weigh further on the economy. 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

• Philippines adopts Polygon blockchain to secure and verify government documents Cryptoslate
• Algorand unveils new roadmap empowering users, aims for $18.9T tokenization market Cryptoslate
• Naoris launches $120K bounty challenging researchers to crack Bitcoin’s quantum security Cointelegraph
• Chainlink launches new pricing solution for assets traded on decentralized exchanges crypto news
• Senator Lummis proposes bill requiring Fannie Mae and Freddie Mac to include crypto in mortgage risk assessments Cryptoslate
• Ethereum researcher proposes 'Lean Ethereum' for quantum resistance and simplified architecture Cointelegraph
• SEC approves in-kind creations for crypto ETFs, enhancing market efficiency Cointelegraph
• Malware-infected crypto apps spread via fake ads, targeting millions globally Cointelegraph

As of 08-04-2025 at 9:00 AM EDT

Market Summary

• Over the past seven days, the global cryptocurrency market capitalization has decreased from CA$5.41 trillion to CA$5.13 trillion.
• Bitcoin's market dominance stands at 61.1%, while Ethereum's share is 11.5%.

Performance

• Over the past 24 hours, the price of BTC has fluctuated between CA$157K and CA$159K registering a 3.39% change over the past week and a market cap of CA$3.1 trillion. At Ndax, the weekly movers are XDC, which saw a 3.18% increase in the last seven days reaching a market cap of CA$2.1 billion, and LTC, which experienced a 3.12% rise with a market cap of CA$12.3 billion. (At time of writing)

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Aug 7 – US Initial Jobless Claims Announcement 
Aug 8 – Canada Unemployment Rate Announcement 
Aug 10 – AXS Token Unlock 
Aug 10 – RENDER Token Unlock 

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