Ndax Weekly TL;DR Feb 23

• Supreme Court blocks Trump’s use of emergency powers for tariffs as he announces new 10% global levy
• Ripple CEO Confirms White House Meeting on Crypto Market Structure Bill
• Ethereum Foundation Sets Quantum Security and Higher Gas Limits as 2026 Priorities

The US Supreme Court ruled that President Donald Trump does not have authority under the International Emergency Economic Powers Act (IEEPA) to impose tariffs during peacetime, stating that the power to levy duties rests with Congress. In response, Trump criticized the decision and announced plans to implement a 10% global tariff using alternative legal mechanisms, including provisions under the Trade Expansion Act of 1962 and the Trade Act of 1974. The ruling and subsequent announcement add uncertainty to trade policy, which has previously contributed to volatility in equity and crypto markets. Cointelegraph

Ripple CEO Brad Garlinghouse confirmed that the company’s chief legal officer attended a White House meeting between cryptocurrency and banking industry representatives to discuss a digital asset market structure bill currently under consideration in the U.S. Senate. The discussions reportedly focused on unresolved issues, including VRCA yield provisions, following earlier meetings that did not result in an agreement. The bill, known as the CLARITY Act, aims to define regulatory oversight for digital assets but has faced delays in the Senate amid policy disagreements and broader political challenges. Cointelegraph

The Ethereum Foundation has outlined its 2026 protocol priorities, highlighting plans to increase the network’s gas limit beyond 100 million, advance post-quantum security measures and improve cross-chain interoperability and smart wallet functionality. The foundation pointed to the upcoming Glamsterdam upgrade and the formation of a dedicated post-quantum team as key steps in strengthening long-term resilience. It also cited 2025 as one of its most productive years, noting major upgrades and a doubling of the gas limit from 30 million to 60 million. Cointelegraph

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News Nuggets

• BGD Labs to End Technical Contributions to Aave DAO After Four Years Cointelegraph
• Ethereum Developers Add FOCIL to Upgrade Roadmap as Buterin Pushes Censorship-Resistance Vision The Block
• Developer Says Quantum Concerns Unlikely to Be Main Driver of Bitcoin’s 46% Drop Cointelegraph
• Uniswap Governance Weighs Expanding Protocol Fees to All v3 Pools and Eight Additional Chains The Block
• Hacker Returns $21 Million in Bitcoin to South Korean Prosecutors The Block
• SEC Lets Broker-Dealers Count VRCAs Toward Capital Requirements CoinDesk
• Ripple CEO Says Crypto ‘Clarity Act’ Has 90% Chance of Passing by April CoinDesk

As of 02-23-2026 at 9:05 AM EST

Market Summary

• Over the past seven days, the global cryptocurrency market capitalization has decreased from CA$3.21 trillion to CA$3.12 trillion.
• Bitcoin's market dominance stands at 58.1%, while Ethereum's share is 10.2%. 

Performance

• Over the past 24 hours, the price of BTC has fluctuated between CA$88K and CA$92K registering a 4.78% change over the past week and a market cap of CA$1.8 trillion. At Ndax, the weekly movers are INJ, which saw a 8.97% increase in the last seven days reaching a market cap of CA$475 million, and IO, which experienced a 6.7% rise with a market cap of CA$171 million. (At time of writing) 

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Feb 26 – US Initial Jobless Claims 
Feb 27 – Canada GDP Growth Rate 
Feb 28 – FET Token Unlock 

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