Ndax Weekly TL;DR Mar 16

• Ethereum Foundation Publishes Mandate Emphasizing Decentralization and Long-Term Self-Sufficiency
• US Prosecutors Ask Judge to Reject Sam Bankman-Fried’s Request for New Trial
• Canada Loses 84,000 Jobs in February as Unemployment Rises to 6.7%

The Ethereum Foundation has published a formal mandate outlining its role in supporting the network and reaffirming that Ethereum’s long-term goals are decentralization, user control over data and assets, and scalable growth. The document says the foundation will focus on core protocol development, long-term research, cybersecurity and developer tools, while aiming to reduce its own importance over time so the ecosystem can function without relying on any single organization. The mandate comes as Ethereum continues to debate its future technical direction, including how it should scale and what role layer-2 networks should play. Cointelegraph

US prosecutors have urged a federal judge to deny Sam Bankman-Fried’s bid for a new criminal trial, arguing that the witness testimony cited by his defense does not qualify as newly discovered evidence. According to reports, prosecutors said the former FTX executives referenced in the motion were already known to the defense before the 2023 trial and therefore do not meet the legal standard required for a retrial. The request is part of Bankman-Fried’s broader effort to challenge his fraud conviction and 25-year prison sentence following the collapse of FTX. Cointelegraph

Canada’s labour market weakened sharply in February, with employment falling by about 83,900 positions and the unemployment rate rising to 6.7%, according to Statistics Canada data released on March 13. The decline was driven largely by a steep drop in full-time work, while the employment rate fell to 60.6%, extending a recent softening in labour market conditions. Economists described the report as unusually weak and said it makes Bank of Canada rate hikes less likely in the near term, especially as trade uncertainty continues to weigh on business activity and hiring. Yahoo Finance

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News Nuggets

• US Treasury Sanctions Individuals and Firms Tied to North Korean IT Worker Fraud Network Cointelegraph
• Large AAVE Swap Leaves Crypto Trader With Minimal Tokens After Slippage Loss The Block
• US Senate Majority Leader Signals Crypto Market Structure Vote Likely After April Cointelegraph
• Ripple Plans BC Payments Acquisition to Obtain Australian Financial Services License The Block
• Bank of England Signals It May Reconsider Proposed Limits on Sterling VRCAs The Block
• Pudgy Penguins Debuts Browser-Based Game That Downplays Its Crypto Roots CoinDesk
• Ripple Launches $750 Million Share Buyback at Reported $50 Billion Valuation The Block

As of 03-16-2026 at 9:20 AM EST

Market Summary

• Over the past seven days, the global cryptocurrency market capitalization has increased from CA$3.16 trillion to CA$3.45 trillion.
• Bitcoin's market dominance stands at 58.6%, while Ethereum's share is 11.01%. 

Performance

• Over the past 24 hours, the price of BTC has fluctuated between CA$99K and CA$101K registering a 9.41% change over the past week and a market cap of CA$2 trillion. At Ndax, the weekly movers are RENDER, which saw a 36.92% increase in the last seven days reaching a market cap of CA$1.3 billion, and FARTCOIN, which experienced a 30.07% rise with a market cap of CA$258 million. (At time of writing) 

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Mar 16 – Canada Inflation Rate
Mar 18 – US Interest Rate Decision
Mar 18 – Canada Interest Rate Decision

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