Ethereum hits highest level since 2021 on regulatory clarity and institutional inflows

Daily top performer — LayerZero (ZRO)

The S&P 500 rose 2.43% last week on strong earnings, resilient sentiment, and rising Fed rate cut expectations ahead of key inflation data and the Jackson Hole symposium. Gold slipped to around $3,390 as a stronger USD and risk-on sentiment weighed, though support comes from rising Fed rate cut bets and the PBOC’s ninth consecutive month of gold purchases. CoinDesk Indices, which track the broader crypto market, rose 1.43% in the past 24 hours, while Bitcoin and Ether up 1.63% and 1.77%, respectively. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.

Today’s top performer is ZRO, up 27.0% after LayerZero proposed a $110M Stargate acquisition to deepen ecosystem integration and expand its product offerings.