MARKETS DAILY: CoinDesk Market Index Week in Review

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CoinDesk

Tech News, Business News, Daily News, News

4.7 • 698 Ratings

🗓️ 4 November 2023

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

CoinDesk Indices presents six notable market movement highlights from last week. Today's episode is sponsored by CME Group and PayPal. To get the show every day, follow the podcast here. The CoinDesk Market Index (CMI) functions as a benchmark for the performance of the digital asset market, delivering institutional quality information to digital asset investors. Today’s takeaways are provided by Tracy Stephens of CoinDesk Indices with additional analysis from Colton Dillion, CEO of Hedgehog. For more on the CMI you can visit: http://coindeskmarkets.com/ - From our sponsors: CME Group Cryptocurrency futures and options provide market-leading liquidity for bitcoin and ether trading. These cash-settled contracts give full exposure to crypto performance without the hassle of holding the physical position. No digital wallet? No problem. Trade nearly 24/7 in a transparent, CFTC-regulated market. Visit cmegroup.com/crypto to learn more. Disclaimer: This communication is not directed to investors located in any particular jurisdiction and is not intended to be accessed by recipients based in jurisdictions in which distribution is not permitted. The information herein should not be considered investment advice or the results of actual market experience. Past results are not necessarily indicative of future performance. Trading derivatives products involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. - PYUSD, a stablecoin made for Payments. 1USD = 1PYUSD. Introducing PayPal’s new digital currency, PayPal USD (PYUSD), a stablecoin backed by U.S. dollar deposits, U.S. Treasuries and similar cash equivalents. Buy, sell, hold and transfer it in our app or site and explore Web3 with a payments brand that has been trusted for over 20 years. Get started now at paypal.com/pyusd. - This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	This episode of Markets Daily is sponsored by CME Group and PayPal.
0:09.3	Hello, this is Markets Daily from CoinDesk.
0:12.3	I'm Noel Atchison, and on today's show, we'll be turning it over to CoinDesk indices for some weekly crypto market insights.
0:19.3	We'll be using Wondercraft AI Voice for this episode.
0:22.7	Just a reminder, CoinDisc is a news source and does not provide investment advice.
0:33.5	WonderCraft AI Voice here to give you three crypto markets takeaways from last week.
0:37.9	And stick around. At the end, we'll have additional takeaways from last week. And stick around at the end.
0:39.0	We'll have additional analysis from Colton Dillian, CEO of Hedgehog.
0:43.0	First, Tracy Stevens of Coin desk indices provides week-to-date numbers over the Friday to Friday time period.
0:50.6	Several members of the Layer 1 Smart Contract Platform Industry Group, which includes platforms that act as the primary settlement layer of an ecosystem, have seen outsized returns so far this week.
1:02.1	These include Solana, up 25%, near protocol, also up 25%, and Akala, up 14%.
1:09.5	Maker, a member of the DFI sector, has declined 8.6% this week.
1:15.2	This comes as Bitcoin, Ether, and the majority of the DeFi asset class have seen positive
1:20.9	returns. The culture and entertainment sector leads this week as the sector is up 5.8% week to date.
1:27.6	Top assets, Decentraland up 13% and the sandbox up 9.3% gained.
1:34.4	This sector has lagged generally over the year being down 7.5% year to date.
1:40.2	Stay tuned. After the break, we'll bring you expert analysis on this week's takeaways, provided by Colton Dillian, CEO of Hedgehog.
1:53.7	CME Group cryptocurrency futures and options provide market-leading liquidity for Bitcoin and Ether trading.
1:59.3	These cash-settled contracts give full exposure to crypto performance without the hassle of holding
2:03.4	the physical position.
2:04.6	No digital wallet?
2:05.5	No problem.
	...

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