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

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

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

And stick around. We'll have additional analysis from Sylvia Toe, head of partnerships and research

at Bullish. First, Tracy Stevens, senior index manager at CoinDesk Indices, provides markets

highlights for the week ending May 24th with data from May 21st.

All 20 assets in the CoinDest 20 advanced over the past week, with 10 increasing by more than 10%

over the seven-day period.

As sentiment becomes more positive regarding an Ethereum spot ETF, ETH rallied more than 10% in the final hour leading into Monday's close and

continued to gain in the hours afterward. Chainlink up 26% led over the past week among the

Coin Desk 20 amid an announcement that the Oracle provider is partnering with the

Depository Trust in Clearing Corporation on a project related to the tokenization of funds.

Solana up 24% also saw outsized gains.

For our analysis section this week, Sylvia Toe writes,

In the past week, the Coin Desk 20 index rallied over 12% fueled by optimism for a potential

U.S. spot Ethereum ETF approval. While Blue Chip leaders Bitcoin and

Ethereum were also in the green, the top three key outperformers for the week were Chainlink,

Solana, and Uniswap, while the bottom three laggards were Cosmos, Dogecoin, and Ripple. Chainlink's

surge coincided with the completion of the Smart Nav pilot program with the

Depository Trust and Clearing Corporation. This pilot involved major U.S. financial institutions

and utilized ChainLink's interoperability protocol, CCIP, to standardize the process of delivering

and disseminating net asset value data across various blockchains.

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