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 Coin Desk Indices, and here's our Coin Desk Markets Week in review. Let's look

at some key digital asset

takeaways from the week ending August 23rd with data from the 4 p.m. New York close on Wednesday

the 21st. And stick around. We'll have additional analysis from David Aderman, head of Web 3

investments at M31 Capital. Overall, 16 of the Coin desk 20 members increased in value over the week, including Bitcoin,

which gained 3.8%, and Ripple, which gained 5.8%. The index gained 3.1%.

Ethereum continues to underperform the rest of the crypto asset class amid more net outflows from

ETH ETFs this week. Not all approved

ETH ETFs have seen outflows, as the Black Rock ETHA Fund gained $53 million in assets

to reach $1 billion in net inflows. The legacy polygon token, tickermatic, gained 24% this week, the most among

Coin desk 20 members.

The Polygon ecosystem announced that its migration to the new Polygon ecosystem token,

ticker symbol poll, will finally take place September 4th.

The motivation behind Ethereum-scaling networks transition to the new token,

which was first announced last year, is to leverage zero knowledge proofs to increase its capacity.

Now, here's market analysis from David Aderman, head of Web3 investments at M31 Capital.

The Coin Desk 20 Index rose over the past week, driven by an unprecedented downward revision

in U.S. payrolls, along with the release of bullish FOMC minutes from July, increasing the market's

belief in a September Fed rate cut. Both Bitcoin, 6.1% and Ethereum, plus 2.4%. We're positive on the week.

Top-performing Coin-desk market index sectors over the past week include defy, up 8.2% and culture and entertainment, up 5.8% and

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