Ndax Weekly TL;DR Sept 8

• Ethereum-Solana shared security model could lower barriers for institutional blockchain adoption
• SEC agenda includes crypto safe harbors, broker-dealer reforms
• Canada’s unemployment hits 7.1% in August, highest since 2016, fueling rate cut speculation

A unified security approach that allows multiple blockchains to share the same validation layer could reduce infrastructure costs and speed up enterprise blockchain adoption, according to Symbiotic CEO Misha Putiatin. In a recent interview, Putiatin explained that staking assets on Ethereum could provide security for applications on other networks such as Solana, allowing institutions to leverage existing validator sets instead of building custom verification systems. This shared security model, he said, could address cross-chain challenges and support enterprise use cases in liquidity, bridging, and oracle solutions. CryptoSlate

The U.S. Securities and Exchange Commission (SEC) has outlined a spring 2025 regulatory agenda that could reshape how it oversees digital assets. The proposals include exemptions and safe harbors for crypto offerings, adjustments to broker-dealer financial responsibility rules, and updates to custody regulations under the Investment Advisers Act of 1940. If adopted, the changes could ease compliance burdens and reduce legal risks for crypto firms operating in the U.S. The agenda reflects a shift under SEC Chair Paul Atkins, who has moved away from the stricter enforcement stance of the previous administration. Cointelegraph

Canada’s unemployment rate rose to 7.1% in August, the highest in over nine years outside the pandemic, after the economy shed 66,000 jobs, mainly in part-time roles, according to Statistics Canada. Employment fell across professional services, manufacturing, and transportation, while youth joblessness climbed to 14.5%. The data, following a 1.6% GDP contraction in Q2, increased market expectations of a Bank of Canada rate cut though policymakers remain cautious as core inflation pressures persist. Financial Post

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News Nuggets

• Hoskinson seeks Cardano integrations with Chainlink and Aave to boost DeFi growth CryptoSlate
• Cardano audit clears misconduct claims, confirms 99.7% of voucher ADA redeemed Cryptonews
• Public companies now hold over 1 million Bitcoin, 5.1% of total supply Cointelegraph
• SWIFT CIO questions XRP’s role in meeting global banking settlement standards CryptoSlate
• Hackers exploit Ethereum smart contracts to conceal malware in NPM packages Cointelegraph
• Arbitrum unveils $40M DeFi incentive program as L2 competition heats up CryptoSlate
• Canada must ‘reinvent’ economy like 1945, finance minister says amid trade war pressures globalnews

As of 09-08-2025 at 8:30 AM EDT

Market Summary

• Over the past seven days, the global cryptocurrency market capitalization has increased from CA$5.20 trillion to CA$5.34 trillion.
• Bitcoin's market dominance stands at 57.7%, while Ethereum's share is 13.5%. 

Performance

• Over the past 24 hours, the price of BTC has fluctuated between CA$153K and CA$155K registering a 3.74% change over the past week and a market cap of CA$3.71 trillion. At Ndax, the weekly movers are ENA, which saw a 21% increase in the last seven days reaching a market cap of CA$7.3 billion, and MANA, which experienced a 13.85% rise with a market cap of CA$868 million. (At time of writing)

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Sept 10 – US Core CPI Announcement
Sept 10 – US Initial Jobless Claims Announcement

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