ETH has risen, with a trading volume of 20.9 billion US dollars in the past 24 hours and a circulating market value of 236.4 billion US dollars, representing a 1.41% increase in market value. Data for reference only

Ethereum continues to be the blockchain of choice for stablecoin activity, hosting $35 billion in USDC and $67 billion in USDT.The following is an excerpt from The Block’s Data and Insights newsletter.

Raydium reportedly plans to spin out a rival memecoin launch-pad to compete with Pump.fun.The move comes about a month after Pump.fun was found to be testing a custom-built automated market maker, possibly to replace Raydium.

The US stock market closed down, with the Dow Jones Industrial Average falling 0.62%, the Nasdaq falling 1.71%, and the S&P 500 index falling 1.06%.

OKX-ETH/USDT is currently trading at $1901.16, with a 24-hour decline of 2.50%. Please be aware of market fluctuations.