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Ether and Uniswap Advance on Regulatory Actions: CoinDesk Indices Market Update

Bitcoin relinquished early gains above $70,000 to close the week only marginally higher.

Ni Tracy Stephens|Edited by Stephen Alpher

Na-update May 24, 2024, 2:08 p.m. Nailathala May 24, 2024, 2:08 p.m. Isinalin ng AI

CoinDesk Indices (CDI) presents its bi-weekly market update, highlighting the performance of leaders and laggards in the benchmark CoinDesk 20 Index (CD20) and the broad CoinDesk Market Index (CMI).

Ether ETH$2,999.19 gained more than 20% this week, buoyed by first the rumor and then the news that the SEC was moving to approve the listing of a spot ETH ETF.

STORY CONTINUES BELOW

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Uniswap UNI$6.0954 added 21% alongside its response this week to a Wells Notice it received from U.S. regulators.

Among underperforming large-cap assets were Ripple XRP$2.1701, Cardano ADA$0.4183 and ChainLink LINK$13.21, not to mention bitcoin BTC$90,704.96 which gave up early gains to finish the week just marginally higher.

CoinDesk 20 tracks top digital assets and is investible on multiple platforms. The broader CMI comprises approximately 180 tokens and seven crypto sectors: currency, smart contract platforms, DeFi, culture & entertainment, computing, and digitization.

CoinDesk 20

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