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Kin Cheung / AP

Bitcoin has been leading the digital currency market, doubling in value since the beginning of 2017. But now, Ether (another digital currency hosted on the platform Ethereum) is quickly surpassing Bitcoin: As of Monday, Ether units were worth "82 percent as much as all the Bitcoin in existence," per NYT. For context, Ether was worth just 5% of Bitcoin's value at the start of the year.

Why it matters: Although individual investors are typically the ones buying Bitcoin and Ether, the recent spikes in value for both suggest a wave of interest and investment in digital currency that could make it more mainstream.

Battle lines: Ether has received backing from companies like JP Morgan Chase and Microsoft. but it's far from becoming a mainstream currency platform, despite its meteoric 4,600% increase in value this year. Meanwhile, Bitcoin has been puncturing the e-commerce market, with companies like Expedia and Overstock.com accepting the digital currency.

Go deeper

Pelosi's back-to-school math problem

Illustration: Sarah Grillo/Axios

House Speaker Nancy Pelosi (D-Calif.) may need votes from an unlikely source — the Republican Party — if she hopes to pass the bipartisan infrastructure bill by next Monday, as she's promised Democratic centrists.

Why it matters: With at least 20 progressives threatening to vote against the $1.2 trillion bipartisan bill, centrist members are banking on more than 10 Republicans to approve the bill.

By the numbers: Haitian emigration

Expand chart
Data: CBP; Chart: Sara Wise/Axios

The number of Haitians crossing the U.S.-Mexico border had been rising even before their country's president was assassinated in July and the island was struck by an earthquake a month later.

Why it matters: A spike during the past few weeks — leaving thousands waiting in a makeshift camp under a bridge in Del Rio, Texas — has prompted a crackdown and deportations by the Biden administration.

Biden's communication headaches

President Biden stands with British Prime Minister Boris Johnson and French President Emmanuel Macron at the G7 summit in June. Photo: Patrick Semansky/Pool/AFP via Getty Images

Boris Johnson told reporters on his way to the U.N. General Assembly on Sunday night he didn't believe it was likely that the U.S. would agree to lift its ban on vaccinated foreign travelers this week. Hours later, the White House did exactly that.

Why it matters: For the second time in less than a week, a major U.S. foreign policy decision by the Biden administration appears to have caught one of its closest allies by surprise. And neither was the first time, either.