Ndax Weekly TL;DR Sept 29

• Ethereum to Raise Gas Limit to 60 Million with Fusaka Upgrade
• Cardano Unveils $50M Liquidity Fund to Strengthen DeFi, and RWA Ecosystem
• Michael Saylor’s Strategy adds $100M in Bitcoin

Ethereum developers have approved increasing the network’s gas limit to 60 million as part of the upcoming Fusaka upgrade, marking the third adjustment in 2025 after previous hikes to 36 million in February and 45 million in July. The change, confirmed during the All Core Devs Execution call, aims to boost transaction throughput amid rising demand for block space. Testnet activations will begin in October, with a mainnet rollout expected by year’s end. Developers expect Fusaka to improve Layer-1 efficiency by 33% and Layer-2 capacity by 133%, though some community members warn that rapid increases could strain node operators and risk centralization. CryptoSlate

The Cardano Foundation has announced a new roadmap featuring a $50 million liquidity fund aimed at deepening DeFi markets while expanding into real-world asset (RWA) tokenization. The plan allocates 50 million ADA from the treasury, projected to return about 4% annually, with revenues split between reinvestment in protocols and replenishing the treasury. Alongside liquidity growth, the roadmap includes scaling Cardano’s Web3 adoption team, committing $1.6 million to a Venture Hub for startups by 2026, piloting $10 million in tokenized assets, and setting RWA issuance standards. The Foundation also plans to boost marketing by 12%, strengthen governance by delegating 220 million ADA to new DReps, and expand global visibility through major conferences and community-driven events. CryptoSlate

Michael Saylor’s company, Strategy, acquired 850 Bitcoin for $99.7 million last week, following the Federal Reserve’s 25 basis point rate cut. The purchase, made at an average price of $117,344 per BTC, brings the firm’s total holdings to 639,835 Bitcoin, worth about $47.3 billion at an average cost of $73,971 per coin. While the pace of Strategy’s acquisitions has slowed compared with earlier in the year, Saylor has reaffirmed his commitment to long-term Bitcoin accumulation. Cointelegraph

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News Nuggets

• Canada’s Economy Posts First Growth in Four Months, but Outlook Remains Weak Financial Post
• Ethereum’s Vitalik Buterin Calls Blockchain Privacy Essential for Humanity’s Future CryptoSlate
• Ohio Approves First Vendor to Process Crypto Payments for State Services Cointelegraph
• Ethereum Foundation and Columbia University Launch $6M Blockchain Research Center crypto news
• Chainlink Joins Canton Network as Super Validator to Expand Institutional Adoption crypto news
• FTX Recovery Trust sues Genesis Digital to reclaim $1.15B in alleged fraudulent transfers CryptoSlate
• Ripple unveils XRPL roadmap with institutional lending, tokenization standards, and zero-knowledge privacy CryptoSlate

As of 09-29-2025 at 9.53 AM EDT

Market Summary

• Over the past seven days, the global cryptocurrency market capitalization has decreased from CA$5.40 trillion to CA$5.37 trillion.
  Bitcoin's market dominance stands at 58%, while Ethereum's share is 12.9%. 

Performance

• Over the past 24 hours, the price of BTC has fluctuated between CA$155K and CA$157K registering a 1.27% change over the past week and a market cap of CA$3.1 trillion. At Ndax, the weekly movers are QNT, which saw a 15.5% increase in the last seven days reaching a market cap of CA$2.1 billion, and BERA, which experienced a 14.21% rise with a market cap of CA$491 million. (At time of writing)

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Oct 2 – US Initial Jobless Claims Announcement 
Oct 3 – US Unemployment Rate Announcement

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