Ether and Uniswap Advance on Regulatory Actions: CoinDesk Indices Market Update
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) 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.
Uniswap (UNI) added 21% alongside its response this week to a Wells Notice it received from U.S. regulators.
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Among underperforming large-cap assets were Ripple (XRP), Cardano (ADA) and ChainLink (LINK), not to mention bitcoin (BTC) which gave up early gains to finish the week just marginally higher.
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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.
Edited by Stephen Alpher.
