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

On today's show, we are passing it over to Coin Desk Indices 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 November 1st, with data from

the 4 p.m. close on Wednesday the 30th, and stick around, we'll have additional analysis from

Philip Moran, CEO at Digop. The CoinDesk 20 index closed Wednesday, almost 5% higher than this time

last week, as 12 of the 20 digital assets gained in value. Chainlink,

which led among index members, gained 9.3% amid the protocol's announcement of a new tool to aid

developers building on the platform. Bitcoin gained 8.7% amid outsized spot ETF flows ahead of next

week's U.S. presidential elections.

And Ether outperformed the aggregate index as well, gaining 6.5%.

The primary laggards were near protocol and Polygons poll token, which lost 5 and 5.6% of their

value respectively.

This was brought to you by Tracy Stevens from CoinDesk Indices.

Now here's market analysis from Philip Moran, CEO of Digop. Old man yells at meme coins. That is how

I feel writing this short article. The market has been exhausted and we are all ready for real

narratives in digital assets. Since March, the entire market has bled relative to Bitcoin as we've waited for a new catalyst.

The catalyst flavor of the day seems to be the macro environment and liquidity.

We'll take a positive environment, but like I mentioned, we are already for real idiosyncratic crypto-catalysts.

Q1.

2024 was great from a pure price perspective, but Coin-desk 20 altcoins, that is Coin-desk 20

without Bitcoin, have been smoked since the beginning of Q2. The market's thirst for idiosyncratic

...