Ndax Weekly TL;DR Mar 2

• Court Orders US to Respond to Bankman-Fried’s New Trial Request by March 11
• XRPL Foundation Fixes Critical Vulnerability Before Mainnet Activation
• Vitalik Buterin Proposes New Base-Layer Scaling Plan for Ethereum

A federal judge has set a March 11 deadline for US prosecutors to respond to Sam Bankman-Fried’s motion seeking a new trial following his 2023 conviction on seven felony counts related to the collapse of FTX. The former CEO, who is serving a 25-year sentence, argues that new witness testimony could support his case, while his broader appeal remains pending before a federal appeals court. The latest filing comes amid reports that the White House is not considering a presidential pardon for Bankman-Fried, despite speculation and his recent public statements. Cointelegraph

The XRP Ledger Foundation said it has patched a critical logic flaw in a proposed signature-validation amendment that was still in its voting phase and had not been activated on mainnet. The vulnerability, identified by a security engineer and an AI-powered auditing tool from cybersecurity firm Cantina, could have allowed attackers to execute unauthorized transactions without private keys, potentially draining user funds. Validators were urged to reject the amendment, and an emergency software update was released to prevent activation, with the foundation stating that no funds were at risk. Cointelegraph

Ethereum co-founder Vitalik Buterin has outlined a new roadmap aimed at increasing the network’s base-layer throughput while preserving decentralization. In the near term, upgrades such as Glamsterdam and ePBS would allow nodes to verify blocks more efficiently and make fuller use of each 12-second slot, enabling more transactions per block. Longer term, Buterin proposes raising the cost of permanent onchain data storage and relying more heavily on zero-knowledge proofs and “blobs” to boost capacity without significantly increasing hardware requirements, marking a renewed focus on scaling Ethereum’s core protocol rather than relying primarily on layer-2 rollups. CoinDesk

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News Nuggets

• South Korea’s Tax Agency Exposes Wallet Seed Phrase, Resulting in $4.8M Token Loss Cointelegraph
• Vitalik Buterin Proposes Quantum-Resistant Upgrade Path for Ethereum Cointelegraph
• US Senators Revisit VRCA Yield Rules Over Deposit Flight Concerns The Block
• Trump-Backed Bitcoin Miner American Bitcoin Posts $59.5M Quarterly Loss Despite Revenue Growth Cointelegraph
• Florida Crypto Executive Arrested in Alleged $328M Ponzi Scheme crypto news
• Minnesota Lawmaker Introduces Bill to Ban Crypto Kiosks Over Scam Concerns Cointelegraph
• Deutsche Bank-Backed AllUnity Launches MiCA-Compliant Swiss Franc Stablecoin Cointelegraph

As of 03-02-2026 at 9:45 AM EST

Market Summary

• Over the past seven days, the global cryptocurrency market capitalization has decreased from CA$3.12 trillion to CA$3.09 trillion.
• Bitcoin's market dominance stands at 57.9%, while Ethereum's share is 10.3%. 

Performance

• Over the past 24 hours, the price of BTC has fluctuated between CA$89K and CA$91K registering a 4.78% change over the past week and a market cap of CA$1.8 trillion. At Ndax, the weekly movers are NEAR, which saw a 25.86% increase in the last seven days reaching a market cap of CA$2.2 billion, and DOT, which experienced a 17.84% rise with a market cap of CA$3.5 billion. (At time of writing) 

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