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CoinDesk Podcast Network

Markets Daily: CoinDesk Markets Week in Review

CoinDesk Podcast Network

CoinDesk

News, Tech News, Daily News, Business News

4.7698 Ratings

🗓️ 21 June 2024

⏱️ 3 minutes

🧾️ Download transcript

Summary

CoinDesk Indices presents notable data insights from the week, followed by additional analysis from an industry expert. 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. Subsets of the CoinDesk Market Index (CMI) are investible CoinDesk Crypto Sectors and the CoinDesk 20 Index, designed to measure the performance of the top digital assets. Today’s takeaways are provided by Tracy Stephens, senior index manager at CoinDesk Indices with additional analysis from Miguel Kudry, CEO at L1.co. For more on CoinDesk Indices, visit: coindeskmarkets.com. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0

Happy Friday, everyone. This is Markets Daily from CoinDesk. I'm your host, Jen Sanassi, and on today's show,

0:11.5

we're passing it over to Coin Desk Indices for some weekly market insights.

0:19.8

Wondercraft AI voice here to give you three crypto markets takeaways from this week.

0:24.1

And stick around.

0:25.2

We'll have additional analysis from Miguel Kudry, CEO at L1.

0:29.4

First, Tracy Stevens, senior index manager at Coin desk indices, provides markets highlights

0:34.3

for the week ending June 18th with data from June 4th.

0:43.3

Uniswap leads the CoinDisk 20 this week. It gained an additional 6.8% to close on Monday above $11, up from $7 just over one month ago.

0:46.3

Other than Uniswap, ripple up 4.1% ranked fourth by market cap, is the only other asset to return positively over the past week.

1:00.0

Alternative Layer 1's Internet Computer and Near Protocol, ranked 15th and 16th by market cap respectively, underperformed most this week. ICP lost 19% of its value, while Near lost 17%.

1:06.8

For our analysis section this week, Miguel Kudri writes,

1:16.3

Uniswap has been leading the CoinDest 20 charts with a week-on-week growth of 6.8% and an impressive 46.2% month-to-month performance.

1:20.5

The decentralized exchange is dominating the category, generating almost $100 in fees in the last 30 days,

1:26.8

which is more than the combined fees

1:28.5

of the next four largest decentralized exchanges. This also signals increased levels of activity

1:34.1

on Ethereum and L2s, so it's no surprise to see ETH as second on the chart of monthly CoinDesk 20

1:39.7

liters with 15.1% growth. Ethereum continues to be in the news as the market eagerly awaits the S-1 approvals of the

1:46.4

ETH-Spot, ETFs, which SEC Chair Gary Gensler said could come sometime this summer.

1:51.5

Additionally, ConsenSys, the development studio behind Ethereum, announced that the SEC has

1:55.9

closed its investigation into Ethereum 2.0 and its potential status as a security.

2:00.5

With the SEC probe and potential

2:02.1

lawsuit out of the way, Ethereum is well positioned to remain a Coin Desk 20 leader for weeks to come,

...

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