Ndax Weekly TL;DR July 7

• Canada’s Finance Minister Aims to Sidestep U.S. Tariffs Amid New Trade Talks
• Pantera and Ondo Finance Introduce $250M Fund to Boost Real-World Asset Tokenization
• Ripple Applies for U.S. Banking License, Seeks Fed Access to Strengthen Financial Integration

Finance Minister François-Philippe Champagne expressed confidence that Canada can negotiate more favorable trade terms with the U.S. than other nations facing new baseline tariffs under the Trump administration. Citing Canada's deep trade ties, energy exports, and integrated supply chains, Champagne emphasized that Canada is not in the same position as other countries subject to 10–20% tariffs. Talks are underway as Prime Minister Mark Carney and President Trump seek a new bilateral deal. As a goodwill gesture, Canada also withdrew its digital services tax, which had previously stalled negotiations. Financial Post

Pantera Capital and Ondo Finance have jointly established a $250 million fund, Ondo Catalyst, to promote the development and adoption of tokenized real-world assets (RWAs). The fund will strategically invest in equity and tokens of projects focused on converting traditional financial products into blockchain-based assets. This initiative aligns with increasing industry momentum and a more favorable regulatory stance towards tokenization, as some major platforms move deeper into offering tokenized stocks and ETFs. CryptoSlate

Ripple Labs has applied for a national banking license through the U.S. Office of the Comptroller of the Currency, signaling a push toward deeper alignment with traditional financial systems. CEO Brad Garlinghouse also revealed the company is seeking a Federal Reserve Master Account to directly custody reserves for its RLUSD. The move follows a similar application by Circle and comes amid new federal legislation establishing oversight for U.S. dollar-linked digital tokens. Cointelegraph

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

• Rare Casascius Bitcoin Bar Purchased for $500 Redeemed for $10 Million After 13 Years CryptoSlate
• Ripple Partners with Swiss AMINA Bank to Establish Regulated European Base for RLUSD CryptoSlate
• SEC Chair Paul Atkins Signals Pro-Innovation Shift, Embraces Tokenization and Ends Enforcement-Led Approach Cointelegraph
• Aptos Labs CEO Avery Ching Joins CFTC Digital Assets Subcommittee Amid Regulatory Shift Cryptonews
• Over 40 Malicious Firefox Extensions Mimic Crypto Wallets in Ongoing Theft Campaign Cointelegraph
• Figma Files for IPO, Discloses $70M in Bitcoin ETFs and Plans $30M More in Crypto Investments Cryptonews
• Senator Lummis Proposes Crypto Tax Reform to Exempt Small Transactions and Delay Reward Income Recognition CryptoSlate
• North Korean Hackers Target Crypto Firms Using Rare Mac Malware Written in Nim Cointelegraph

As of 07-07-2025 at 8:55 AM EDT

Market Summary

• Over the past seven days, the global cryptocurrency market capitalization has increased from CA$4.52 trillion to CA$4.58 trillion.
• Bitcoin's market dominance stands at 64.4%, while Ethereum's share is 9.2%.

Performance

Over the past 24 hours, the price of BTC has fluctuated between CA$148K and CA$149K registering a 0.58% change over the past week and a market cap of CA$2.9 trillion. At Ndax, the weekly movers are BONK, which saw a 57% increase in the last seven days reaching a market cap of CA$2.4 billion, and MOODENG, which experienced a 19% rise with a market cap of CA$398 million. (At time of writing)

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Mark your calendars!

• July 10 – US Initial Jobless Claims Announcement
• July 11 – Canada Unemployment Rate Announcement 

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The team at Ndax