Happy Friday, everyone. I'm Jen Sanasi, and you're listening to Markets Daily from Coin Desk.

On today's show, we are passing it over to Coin Desk Indeces for some weekly market insights.

This is CoinDusk Indices. Let's look at some key digital asset takeaways from this week. And stick around. We'll

have additional analysis from Michael Nadeau, founder of the DeFi report. First, Tracy Stevens,

senior index manager at CoinDesk Indecese provides market highlights for the week ending August

19th with data from the 4 p.m. New York close on Wednesday the 7th.

The Coin Desk 20 is down 20% this week, following the risk-off event across global markets on Monday.

On Sunday, the index dropped below 1600 for the first time since January of this year,

but has recovered since to close Wednesday above 1800. In terms of the

individual crypto assets within the index, Bitcoin showed the most resilience, while Ethereum is among

the most affected sell-off. Bitcoin lost 16% of its value week over week, while Ethereum lost 28%.

Just after 4pm New York close on Wednesday,

Ripple jumped more than 20% amid the announcement

that a U.S. federal judge ruled that the cryptocurrency

can be sold on retail exchange

without violating U.S. securities laws.

Now, here is market analysis from Michael Nidoux,

founder of the DeFi Report.

There was quite a bit of red in the charts last week, as the CoinDust 20 had its most volatile

week on record, with the index falling 26 percent for the period end in August 5th.

The big move came on the heels of several big announcements at the Bitcoin-2020 conference,

including Senator Lummis' proposed

...