Ether and Uniswap Surge Amid Regulatory Developments, While Other Cryptocurrencies Struggle

According to CoinDesk, Ether and Uniswap have seen significant gains this week, with increases of over 20% each. This surge was driven by rumors and subsequent confirmation that the SEC is moving towards approving the listing of a spot Ether ETF. Uniswap also saw a boost in response to a Wells Notice it received from U.S. regulators. However, not all cryptocurrencies performed as well. Large-cap assets such as Ripple, Cardano, and ChainLink underperformed, and Bitcoin, despite early gains, ended the week only slightly higher. The CoinDesk 20 Index, which tracks the performance of top digital assets, and the broader CoinDesk Market Index, encompassing around 180 tokens and seven crypto sectors, provided these insights. These sectors include currency, smart contract platforms, DeFi, culture & entertainment, computing, and digitization. These indices are available for investment on multiple platforms.