Markets Daily: CoinDesk Markets Week in Review
CoinDesk Podcast Network
CoinDesk
4.7 • 698 Ratings
🗓️ 21 June 2024
⏱️ 3 minutes
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| 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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