Ndax Weekly TL;DR Sept 15

• US Court Sets Nov. 4 Hearing for Sam Bankman-Fried’s Appeal
• Ripple Teams Up with BBVA to Launch Crypto Custody in Spain
• Bank of Canada Expected to Cut Rates as Weak Jobs Data Fuels Pressure

The US Court of Appeals for the Second Circuit has scheduled a hearing for Sam Bankman-Fried’s appeal of his 25-year prison sentence, nearly two years after the former FTX CEO was convicted on seven felony counts tied to the exchange’s 2022 collapse. His legal team argues that he was “never presumed innocent” and that prosecutors presented a misleading narrative about lost customer funds, with a successful appeal potentially leading to a new trial or sentencing. Bankman-Fried has been serving his sentence at the Federal Correctional Institution in Terminal Island, California, since March 2025. Cointelegraph

Ripple has partnered with Spanish banking giant BBVA to roll out a digital asset custody service, expanding its institutional custody platform into Spain. The move allows BBVA to securely store and manage cryptocurrencies and tokenized assets while meeting EU Markets in Crypto-Assets (MiCA) compliance. Ripple’s Cassie Craddock said MiCA has boosted confidence among European banks to expand crypto offerings, while BBVA’s digital asset head Francisco Maroto emphasized that Ripple’s custody technology provides the security and reliability needed to win customer trust. CryptoSlate

The Bank of Canada is widely expected to cut its key interest rate by 25 basis points to 2.50% according to a Reuters poll of economists. The move follows a steep economic slowdown — with GDP contracting 1.6% in Q2 due to U.S. tariffs — and the loss of 65,500 jobs in August, which pushed unemployment to a nine-year high outside of pandemic periods. Nearly 80% of economists surveyed expect the cut, with many predicting at least one more reduction before year-end. While headline inflation remains within the BoC’s 1%–3% target, core inflation remains sticky, limiting the likelihood of larger cuts. Among major banks, only RBC forecasts a hold, contingent on the upcoming inflation report. Yahoo Finance

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

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News Nuggets

UK trade groups push for blockchain in US–UK “Tech Bridge” cooperation Cointelegraph
Aave Cuts Exposure to Scroll Amid DAO Governance Turmoil CryptoSlate
New ModStealer malware targets crypto wallets on macOS, Windows, and Linux Cointelegraph
Ethereum Slashes 40 Validators for Double-Signing, Highlighting Operational Risks CryptoSlate
Charlie Shrem to Auction Early Bitcoin Memorabilia, Including First Issue of Bitcoin Magazine Cointelegraph
El Salvador Marks Bitcoin Anniversary with Symbolic 21 BTC Purchase CryptoSlate
Sending Bitcoin to Mars Now Theoretically Possible With New Timestamping System, Researchers Say Cointelegraph

As of 09-15-2025 at 9.00 AM EDT

Market Summary

• Over the past seven days, the global cryptocurrency market capitalization has increased from CA$5.34 trillion to CA$5.53 trillion.
• Bitcoin's market dominance stands at 57.3%, while Ethereum's share is 13.7%.

Performance

• Over the past 24 hours, the price of BTC has fluctuated between CA$158K and CA$161K registering a 2.65% change over the past week and a market cap of CA$3.2 trillion. At Ndax, the weekly movers are MOODENG, which saw a 39% increase in the last seven days reaching a market cap of CA$398 million, and IO, which experienced a 23.92% rise with a market cap of CA$171 million. (At time of writing)

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Sept 16 – Canada Inflation Rate Announcement
Sept 17 – US Interest Rate Announcement
Sept 17 – Canada Interest Rate Announcement 

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