Ether, the native token of the Ethereum blockchain, climbed from about $2,600 late on 9 June to break above $2,800 on 10 June, a gain of roughly 8% in less than 24 hours. The rally saw the cryptocurrency touch $2,700 during Asian trading before extending its advance in New York dealings. Market participants attributed the move to what they described as positive signals from the U.S. Securities and Exchange Commission regarding regulation of decentralized-finance platforms. The upbeat sentiment also lifted related DeFi tokens, with UNI, SKY and AAVE highlighted among the day’s top performers.