Ndax Weekly TL;DR Jan 12

• Trump says he will not pardon former FTX CEO Sam Bankman-Fried
• Optimism proposes using Superchain revenue for OP token buybacks
• Fake 2FA emails target MetaMask users in seed phrase phishing campaign

US President Donald Trump said in a New York Times interview that he has no plans to pardon Sam Bankman-Fried, the former FTX chief executive serving a 25-year prison sentence for fraud related to the exchange’s collapse. Trump also addressed questions about his family’s ties to the crypto industry, saying his pro-crypto stance helped him politically, while rejecting suggestions of conflicts of interest. Bankman-Fried, who was convicted in 2024, continues to pursue an appeal through the federal courts, but a presidential pardon is not under consideration, according to Trump’s remarks. Cointelegraph

The Optimism Foundation has put forward a governance proposal that would allocate 50% of Superchain fee revenue to regular OP token buybacks, aiming to more directly link the token’s value to network usage. Under the plan, repurchased OP would return to the treasury and could later be burned or distributed through staking or other mechanisms, subject to governance oversight. The proposal reflects a broader effort to expand OP’s role beyond governance as the Superchain ecosystem grows, though it remains under discussion and has not yet been approved. Cointelegraph

MetaMask users are being targeted by a phishing campaign that impersonates a two-factor authentication upgrade to trick victims into revealing their seed phrases. According to security researchers, attackers are sending spoofed MetaMask-branded emails that create urgency with countdown timers and direct users to fraudulent websites designed to harvest recovery phrases. The campaign follows a series of recent wallet-related exploits and scams, highlighting continued risks from social engineering attacks that rely on convincing branding, subtle typos in URLs, and fake security prompts rather than technical flaws in the wallet itself.  crypto news

Ndax's 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

• Crypto industry groups head to Washington as Senate weighs market structure legislation Cointelegraph
• Ripple secures UK regulatory approval through local subsidiary Cointelegraph
• Ethereum completes final Fusaka upgrade step with blob parameter update The Block
• Wyoming launches first U.S. state-issued VRCA on Solana The Block
• Public WiFi and wallet approvals combine to expose crypto users to theft Cointelegraph
• Bitcoin and Ether spot ETFs see $1B outflows as early-year rebound fades Cointelegraph
• South Korea plans VRCA rules and spot crypto ETFs under 2026 growth strategy Beincrypto

As of 01-12-2026 at 9:30 AM EST

Market Summary

• Over the past seven days, the global cryptocurrency market capitalization has decreased from CA$4.34 trillion to CA$4.29 trillion.
• Bitcoin's market dominance stands at 58.5%, while Ethereum's share is 12.1%. 

Performance

• Over the past 24 hours, the price of BTC has fluctuated between CA$125K and CA$128K registering a 2.21% change over the past week and a market cap of CA$2.5 trillion. At Ndax, the weekly movers are JASMY, which saw a 26.74% increase in the last seven days reaching a market cap of CA$594 million, and ATOM, which experienced a 12.29% rise with a market cap of CA$1.7billion. (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.

View Live Market Data 

• Jan 13 – US Core CPI Announcement  
• Jan 15 – US Initial Jobless Claims Announcement

In this week’s blog, we break down Base Network, a Layer 2 solution built on Ethereum, covering how it works, its key features, and what it offers users and developers in terms of scalability, fees, and security. To learn more, click here.

Explore Learning Hub

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

Discover Staking