Ndax Weekly TL;DR May 18

U.K. stablecoin framework faces another round of adjustments

• Bank of England Deputy Governor Sarah Breeden said last week that the central bank is looking at alternative approaches to its proposed stablecoin framework. This comes after receiving pushback from the digital asset industry. The original proposal included requirements for issuers to hold part of their backing assets as unremunerated deposits at the central bank, along with temporary limits on individual and business holdings.(CoinDesk)
• Why it matters: Breeden’s shift shows that stablecoin rules are still being negotiated between financial stability concerns and the practical needs of the industry. The BoE appears open to revising rules that were deemed overly restrictive. This suggests regulators want stablecoin oversight to be credible without cutting off useful payment innovation.

Ethereum targets blind-signing risks with new wallet standard

• The Ethereum Foundation and an Ethereum working group launched Clear Signing last week, an open standard designed to make wallet transaction approvals easier to understand for newer users. The standard is built around ERC-7730 and is meant to replace confusing raw transaction data with clear, human-readable summaries of what a transaction intends to accomplish. (Ethereum Foundation)
• Why it matters: Blind signing has been one of the industry’s longest-standing issues for new users. Many people approve transactions without fully understanding what they are authorizing. Clear Signing is a meaningful security upgrade for Ethereum because it focuses on the point where many losses happen: within the wallet approval screen.

Senate crypto bill at risk beyond midterms if not passed by August

• NYDIG’s Greg Cipolaro said the Senate crypto market structure bill may need to pass by early August to avoid getting caught in the midterm election cycle. The bill has advanced from committee but still needs bipartisan support on the Senate floor. If it misses that window, its path could become more uncertain. (Cointelegraph)
• Why it matters: The bill could help clarify how U.S. crypto markets are regulated. If delayed, the industry may continue facing uncertainty around agency oversight and market structure rules.

Canadian spotlight: AVAX One adds new mining hardware in Alberta expansion

• AVAX One reported last week that it acquired 220 Bitmain S21 Pro ASIC miners, increasing its Alberta hash rate capacity by about 33%, from roughly 150 PH/s to more than 200 PH/s. The company said the purchase lifts its overall hash rate capacity to more than 300 PH/s. The expansion points to a broader shift in mining, where companies are competing not just on machines, but also on access to energy, site efficiency, and whether their infrastructure can support other compute-heavy uses over time.
  (Globe Newswire)

• BTC Weekly Range: $106K-$112K
• ETH Weekly Range: $2.9K-$3.1K

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•  May 19: Canada CPI for April
• May 20: U.S. FOMC minutes and U.K. CPI for April

Crypto markets ended last week with mixed performance. Bitcoin held modest gains and traded above recent levels, while many crypto assets remained below their previous highs. At the same time, major equity indices continued to trade near recent highs, showing that crypto and traditional equity markets can move differently over the same period.

U.S. equity markets were supported by factors such as corporate earnings, economic data, and broader investor sentiment. Crypto price action remained influenced by a different mix of factors, including liquidity conditions, adoption-related developments, regulatory news, institutional activity, and broader market sentiment.

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