As a seasoned crypto investor with a few years under my belt, I’ve learned to keep a close eye on the CoinDesk Indices (CDI) market updates. This week’s bi-weekly report brought some exciting news for Ether (ETH) and Uniswap (UNI) investors like myself.


Each bi-weekly edition of CoinDesk Indices (CDI) showcases the latest trends among the top performers and underperformers in the CoinDesk 20 Index (CD20) and the comprehensive CoinDesk Market Index (CMI).

This week, Ether (ETH) experienced a significant surge of over 20%, fueled first by whispers and later confirmed news that the Securities and Exchange Commission (SEC) was considering approval for a listed Ethereum Spot Exchange-Traded Fund (ETF).
This week, Uniswap (UNI) reacted by increasing its value by 21%, following the receipt of a Wells Notice from US regulatory authorities. (A Wells Notice is a warning from securities regulators that they are considering bringing enforcement action against a company.)
Ether and Uniswap Advance on Regulatory Actions: CoinDesk Indices Market Update
In the group of large-cap assets that underperformed, there were Ripple (XRP), Cardano (ADA), ChainLink (LINK), and even Bitcoin (BTC), which only managed to eke out minor gains towards the end of the week despite initial promising increases.
Ether and Uniswap Advance on Regulatory Actions: CoinDesk Indices Market Update

CoinDesk monitors around 20 leading digital assets that can be invested in through various platforms. The complete CrypTO Market Intelligence (CMI) consists of about 180 tokens, grouped into seven main categories: currencies, smart contract platforms, Decentralized Finance (DeFi), culture and entertainment, computing projects, and those focused on digitization.

Read More

2024-05-24 17:32