The three major U.S. stock indexes all closed higher, and Circle's market value exceeded US$51.8 billion

Overnight, the U.S. stock market continued its strong trend, with the three major indexes collectively closing higher. The Nasdaq Composite Index rose 0.25% to 20,730.49 points, setting a record high for the second consecutive trading day; the S&P 500 rose 0.32% to 6,263.7 points; the Dow Jones Industrial Average rose 0.53% to 44,254.78 points, and the overall market sentiment was stable and strong.

On that day, investors focused on the technology and cryptocurrency concept stocks, and related assets once again experienced explosive growth. Circle (CRCL), a stablecoin issuance platform that has attracted much attention in the market and is known as the "first stablecoin stock in the U.S. stock market", soared 19.39% to close at $233.2, with a total market value of more than $51.8 billion, setting a record high.

At the same time, the performance of listed companies related to Ethereum was also eye-catching. Sharplink Gaming rose 29.03%, and Bitmine Immersion Technologies rose 12.11%. Analysts pointed out that the continuous rise in Ethereum prices and the improvement in liquidity in the crypto market are the main factors driving the strong rise in the stock prices of related companies.

Overall, the market continued its upward trend driven by technology growth stocks and Web3 asset sectors, investor sentiment remained relatively positive, and short-term risk appetite remained high.