MARKETS DAILY: CoinDesk Market Index Week in Review

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CoinDesk

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4.7 • 698 Ratings

🗓️ 2 September 2023

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

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Summary

CoinDesk Indices presents six notable market movement highlights from last week. Today's episode is sponsored by Kraken Pro and Simpluris. 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. For more on the CMI you can visit: http://coindeskmarkets.com/ - From our sponsors: Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto. It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface. Head to pro.kraken.com and trade like a pro. Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax. - Simpluris: If you purchased FEI or TRIBE tokens in the Genesis Event between March 31st and April 3, 2021, a class action settlement may affect your rights. You can learn more about the settlement and file a claim here. - This episode was hosted by Michele Musso. “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 Cracken and Simpleris.
0:08.8	It's Saturday, September 2nd, 2023, and this is Markets Daily from CoinDesk.
0:13.9	Hi, I'm Michelle Muso, and today we have a weekly roundup of markets insights provided by CoinDesk indices.
0:23.0	And just a reminder, CoinDesk is a news source and does not provide investment advice.
0:32.9	Disclamer, we are using a Wondercraft AI voice for today's episode.
0:38.9	WonderCraft AI voice here to give you six crypto markets takeaways from last week.
0:43.4	We'll start by taking a look at what happened in markets during the first half of the week.
0:47.6	Here, CoinDesk Indices provides week-on-week data over the seven days leading up to Tuesday, August 29th.
0:55.6	Several major defy exchanges outperformed in the early part of the week.
0:58.8	D-Y-D-X was up 11 percent, sushi swap was up 3.9 percent, and Curve was up 1.7 percent in the week,
1:05.6	leading to Tuesday, August 29. Bitcoin and the Broad Market Index were down over that same period. Pepe, however,
1:12.8	continued its downtrend. The token was down another 22% in the week leading up to Tuesday,
1:18.2	losing nearly 80% of its value since its peak in May. Lastly, some yield-related protocols
1:23.9	showed relative strength, including TrueFi, up 4.3% and Uyr in finance up 2.1%.
1:29.9	Stay tuned for after the break, when we'll bring you three more takeaways from the week.
1:40.0	Meet the all-new Cracken Pro, the powerful, customizable, beautiful way to trade crypto.
1:47.2	It's Cracken's most powerful trading platform ever, packed with trading features like advanced order
1:52.1	management and analytics tools, all in a redesigned, modular trading interface. So head to
1:57.8	pro.crakken.com and trade like a pro.
2:02.2	Not investment advice.
2:03.5	Some crypto products and markets are unregulated.
2:05.8	The unpredictable nature of the crypto assets market can lead to loss of funds and profits.
	...

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