Ndax Weekly TL;DR Oct 20

• Bank of Canada to Resume Economic Forecasts, Citing Cautious Outlook Amid Trade Uncertainty
• Ondo Finance Requests SEC to Review Nasdaq’s Tokenized Securities Proposal
• Chainlink Partners with S&P Global to Provide On-Chain Asset Risk Assessments

Bank of Canada Governor Tiff Macklem said the central bank will resume publishing formal economic forecasts at its next interest rate decision, marking a cautious return to forward guidance after months of uncertainty tied to U.S. trade policies. Speaking from the IMF meetings in Washington, Macklem emphasized the need for “humility” in the projections, noting that while trade tensions have eased somewhat, global risks remain elevated. He added that ongoing uncertainty continues to weigh on business investment, though the artificial intelligence sector has helped sustain some growth momentum.
BNN Bloomberg

Ondo Finance has submitted a letter to the U.S. Securities and Exchange Commission (SEC) requesting a delay or further review of Nasdaq’s proposal to introduce tokenized securities trading. The company said additional clarity is needed on how the Depository Trust Company (DTC) will handle blockchain-based settlements, noting that some details have not been made public. Ondo stated that greater transparency would ensure all market participants can fairly assess the proposal and recommended that regulators promote open collaboration before granting approval. Cointelegraph

S&P Global has partnered with Chainlink to deliver real-time, on-chain risk ratings for digital assets, allowing DeFi protocols to access evaluation data directly through blockchain infrastructure. The ratings will assess factors such as reserves, governance, liquidity, and compliance to enhance transparency for market participants. By using Chainlink’s oracle technology, S&P aims to extend its risk evaluation capabilities to decentralized finance, while Chainlink co-founder Sergey Nazarov said the collaboration helps connect traditional financial standards with on-chain ecosystems. crypto news

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News Nuggets

• Japan’s Largest Banks Collaborate to Launch Yen-Based Digital Currency Cointelegraph
• Florida Lawmaker Revives Crypto Reserve Bill With Stronger Oversight Measures Cointelegraph
• Bitcoin Documentary Unbanked Featuring Michael Saylor to Premiere on White Paper Anniversary Beincrypto
• NYC Mayor Creates Office of Digital Assets and Blockchain Technology Cointelegraph
• Ethereum Activates Fusaka Upgrade on Sepolia Testnet Ahead of December Mainnet Launch Cointelegraph
• Solana Foundation Partners with Wavebridge to Advance Korean Won-Linked Digital Asset Initiative crypto news

As of 10-20-2025 at 9:30 AM EDT

Market Summary

• Over the past seven days, the global cryptocurrency market capitalization has decreased from CA$5.42 trillion to CA$5.27 trillion.
  Bitcoin's market dominance stands at 58.9%, while Ethereum's share is 13%. 

Performance

• Over the past 24 hours, the price of BTC has fluctuated between CA$150K and CA$156K registering a 3.11% change over the past week and a market cap of CA$3.2 trillion. At Ndax, the weekly movers are COMP, which saw a 9.31% increase in the last seven days reaching a market cap of CA$513 million, and ENA, which experienced a 10% rise with a market cap of CA$4.7 billion. (At time of writing)

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Oct 21 – Canada Inflation Rate Announcement  
Oct 23 – US Initial Jobless Claims Announcement
Oct 24 – US Core CPI Announcement 

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