Ndax Weekly TL;DR Nov 24

• El Salvador Increases Bitcoin Holdings by About $100 Million During Market Decline
• Filecoin Foundation and FilOz Launch Decentralized Cloud Platform for On-Chain Applications
• Canada Passes Budget Advancing Framework for VRCAs

El Salvador has added roughly 1,090 Bitcoin—valued at around $100 million—to its national holdings as BTC prices fell below $90,000 on Nov. 18. The purchase, disclosed by President Nayib Bukele, raises the country’s total reserves to 7,474 BTC and represents its largest single-day addition since adopting Bitcoin in 2021. The acquisition occurred amid broader market weakness driven by shifts in expectations for U.S. interest rate policy and declines in technology stocks. The new Bitcoin was added to the Strategic Bitcoin Reserve, a custody structure introduced in 2025 that distributes holdings across multiple wallets. The move comes despite the terms of El Salvador’s IMF financing program, which called for limiting public-sector Bitcoin exposure, though officials have not clarified how the reserve fits within those commitments. CryptoSlate

The Filecoin Foundation and research team FilOz have introduced Filecoin Onchain Cloud, a decentralized cloud platform designed to support a wide range of on-chain workloads, including storage, retrieval, data processing, and application hosting. Announced during Devconnect, the launch coincided with a major centralized cloud outage, underscoring the initiative’s focus on resilience and reducing dependence on traditional providers. Built on the Filecoin Virtual Machine, the system enables programmable storage markets and integrates features such as verifiable storage, fast retrieval, and on-chain payment options. The Block

Canada’s federal budget has passed in Parliament, allowing the government to move forward with a policy establishing regulatory requirements for value-referenced crypto assets (VRCAs). The framework would require issuers to maintain one-to-one reserves in high-quality liquid assets, provide immediate redemption, and comply with standards for risk management, cybersecurity, disclosures, and wind-down procedures. The Bank of Canada would oversee the regime and maintain a registry of approved issuers. CoinDesk

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News Nuggets

• SEC’s 2026 Examination Priorities Remove All References to Crypto CryptoSlate
• India Weighs VRCA Regulatory Framework as Central Bank Urges Caution Cointelegraph
• Proposed U.S. Bill Would Allow Federal Tax Payments in Bitcoin Cointelegraph
• Ethereum Foundation Outlines Interop Layer Aimed at Unifying Layer 2 Networks The Block
• Nebraska Grants Digital Asset Bank Charter as Wyoming Notes Its Earlier Efforts CryptoSlate
• Probability of December Fed Rate Cut Declines to 33% as Bitcoin Trades Below $89,000 Cointelegraph
• Solo Miner With Minimal Hashpower Successfully Mines Bitcoin Block Worth About $265,000 The Block

As of 11-24-2025 at 9:15 AM EST

Market Summary

• Over the past seven days, the global cryptocurrency market capitalization has decreased from CA$4.47 trillion to CA$4.15 trillion.
  Bitcoin's market dominance stands at 58.4%, while Ethereum's share is 11.5%. 

Performance

• Over the past 24 hours, the price of BTC has fluctuated between CA$120K and CA$124K registering a 9.24% change over the past week and a market cap of CA$2.4 trillion. (At time of writing)
   

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• Nov 26 – US Core PCE Index Announcement
• Nov 28 – Canada GDP Announcement 

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