Ndax Weekly TL;DR Jan 19

• U.S. Senate Crypto Market Structure Bill Advances Amid Delays and Ongoing Talks
• Bitcoin Dips Toward $94,000 USD as U.S. Stocks and Precious Metals Decline
• Ethereum Fusaka Upgrade Expands Capacity, but Usage Lags Behind

U.S. Senate Banking Committee lawmakers say negotiations on a broad crypto market structure bill will continue despite the postponement of a key hearing that was expected to advance the legislation. The bill aims to clarify regulatory oversight between the SEC and CFTC. While several senators and industry groups remain optimistic that a bipartisan agreement is close, analysts note challenges in maintaining Democratic support, merging related committee bills, and navigating political timing ahead of the midterm elections. The Block

Bitcoin pulled back to around $94,000 USD on Friday, giving up a portion of its recent gains as U.S. equities and precious metals moved lower. The decline coincided with selloffs in gold and silver and a broader pullback across major stock indexes, weighing on overall market sentiment. While most major cryptocurrencies fell alongside bitcoin, shares of crypto mining companies bucked the trend, rising on continued investor optimism around AI-related infrastructure development. CoinDesk

Ethereum’s Fusaka upgrade increased data availability by raising blob capacity to support lower Layer-2 costs, but early data shows the network is not fully using the added headroom. Median blob usage has declined despite higher limits, while blocks near maximum capacity exhibit higher missed-slot rates, signaling reliability strain at the edges. Overall, the upgrade successfully expanded capacity and stabilized blob pricing, but current demand and infrastructure performance suggest further increases may be premature. CryptoSlate

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

• Google Play to Restrict Unregistered Crypto Exchange Apps in South Korea The Block
• Ransomware Group Uses Polygon Smart Contracts to Obscure Control Infrastructure crypto news
• Sui Attributes January Network Outage to Consensus Bug crypto news
• China Declares Real-World Asset Tokenization Illegal Under Financial Law crypto news
• U.S. Mortgage Lender to Consider Crypto Assets in Loan Underwriting Cointelegraph
• Social Engineering Attack Leads to $282 Million Cryptocurrency Theft CoinDesk
• Vitalik Buterin Calls for Quantum-Resilient Ethereum to Meet “Walkaway” Standard CoinDesk

As of 01-19-2026 at 9:10 AM EST

Market Summary

• Over the past seven days, the global cryptocurrency market capitalization has increased from CA$4.29 trillion to CA$4.36 trillion.
• Bitcoin's market dominance stands at 59.1%, while Ethereum's share is 12.4%.  

Performance

• Over the past 24 hours, the price of BTC has fluctuated between CA$128K and CA$130K registering a 2.46% change over the past week and a market cap of CA$2.6 trillion. At Ndax, the weekly movers are AXS, which saw a 87.63% increase in the last seven days reaching a market cap of CA$402 million, and BERA, which experienced a 65.91% rise with a market cap of CA$450 million. (At time of writing) 
   

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Jan 19 – Canada Inflation Rate Announcement
Jan 22 – US Initial Jobless Claims Announcement
Jan 22 – US Core PCE Index Announcement 

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