Ndax Weekly TL;DR Oct 6

• Near Foundation develops AI-powered ‘digital twin’ delegates to address DAO voter apathy
• Bank of Canada weighs dropping ‘preferred’ core inflation measures
• Judge Dismisses Investor Lawsuit Against Yuga Labs Over Bored Ape NFTs

The Near Foundation is building AI “digital twin” delegates designed to vote on behalf of DAO members, aiming to solve low participation rates that often hinder decentralized governance. These AI agents will learn user preferences through interactions, voting history, and community activity, then act as proxies in governance decisions. Early models will function like chatbots, offering nudges and advice, before evolving into representatives for large groups and eventually individuals. While Lane Rettig of Near stressed that humans will remain in the loop for critical proposals, he said the ultimate goal is near-instant governance by aggregating AI delegate decisions. Cointelegraph

Bank of Canada deputy governor Rhys Mendes said the central bank may stop designating certain core inflation measures as “preferred” as part of its upcoming policy framework review. Speaking at the Ivey Business School, Mendes explained that while CPI-trim and CPI-median have been useful since 2016, they have sometimes misrepresented inflation trends, leading markets to place undue emphasis on them. Instead, the bank has recently shifted its focus toward broader “underlying inflation,” estimated at 2.5%, compared to core inflation near 3%. Financial Post

A US federal judge has dismissed a lawsuit against Yuga Labs, ruling that the company’s non-fungible tokens (NFTs), including Bored Ape Yacht Club and ApeCoin, do not meet the criteria to be considered securities under U.S. law. Judge Fernando M. Olguin found that the plaintiffs failed to show how Yuga’s NFTs satisfied the requirements of the Howey Test, the legal standard used by the Securities and Exchange Commission (SEC) to determine whether assets qualify as investment contracts. Cointelegraph

Ndax's news feature provides the latest news, stories, and trends to help you keep your hand on the pulse of crypto and blockchain.

View Live Stories

News Nuggets

• Strategy’s Bitcoin Holdings Reach Record $77.4B as Prices Hit New Highs Cryptonews
• Thailand Prepares to Launch Altcoin ETFs in 2026 to Broaden Domestic Crypto Access Cryptonews
• Avalanche Treasury Co. to Launch With $1B AVAX Buy and Nasdaq Listing Cryptonews
• New York senator proposes tiered excise tax on crypto mining energy consumption Cointelegraph
• Crypto’s Most Wanted: The Hackers Behind 2025’s $2B+ Digital Crime Wave Beincrypto
• European Central Bank advances digital euro with selection of key service providers CryptoSlate
• Crypto Hack Losses Fall 37% in Q3 as Attackers Shift Toward Wallet Compromises Cointelegraph

As of 09-29-2025 at 9:40 AM EDT

Market Summary

• Over the past seven days, the global cryptocurrency market capitalization has increased from CA$5.37 trillion to CA$5.95 trillion.
• Bitcoin's market dominance stands at 58.3%, while Ethereum's share is 13%. 

Performance

• Over the past 24 hours, the price of BTC has fluctuated between CA$172K and CA$174K registering a 11.68% change over the past week and a market cap of CA$3.5 trillion. At Ndax, the weekly movers are CELO, which saw a 81% increase in the last seven days reaching a market cap of CA$255 million, and APT, which experienced a 26% rise with a market cap of CA$5.2 billion. (At time of writing)

Visit our new markets page offering real-time data for almost 17,000 cryptocurrencies. Track trends, monitor your favorite cryptocurrencies, and stay ahead of the market.

View Live Market Data 

Oct 9 – US Initial Jobless Claims Announcement 
Oct 10 – Canada Unemployment Rate Announcement

This week’s blog, “Crypto Bridges Explained: Cross-Chain Trading for Beginners,” breaks down one of the most important tools in today’s blockchain world—crypto bridges. To learn more, click here.

Explore Learning Hub

• One Click Staking
• Flexible and Fixed Plan Options
• Earn Passive Income
• Grow Your Holdings

Discover Staking