Meme Coin GAS Market Cap Skyrockets to $37.95 Million in a Short Period, Reaching an All-Time High

According to CCTV News, the Iranian Embassy in India said in a local-time social media post on March 23 that claims Iran charges $2 million for ships transiting the Strait of Hormuz are "baseless."

March 23 — Perpetual DEX platforms saw a broad slowdown in trading activity over the weekend, per DefiLlama data. Among top players: - Hyperliquid’s trading volume dropped nearly 50% from Friday to ~$4.9B, though open interest remained elevated at ~$68.3B. - EdgeX ranked second with ~$2.97B in 24-hour volume. Latest 24-hour trading volume and open interest rankings: 1. Hyperliquid: ~$49.0B (volume) | ~$68.3B (open interest) 2. EdgeX: ~$29.7B | ~$11.1B 3. Aster: ~$25.0B | ~$18.1B 4. Lighter: ~$13.8B | ~$6.72B 5. Grvt: ~$9.44B | ~$4.73B 6. Backpack: ~$8.14B | ~$2.17B 7. Pacifica: ~$2.68B | ~$68.52M Links: [Hyperliquid](https://app.hyperliquid.xyz/join/NTOD) [Aster](https://www.asterdex.com/zh-CN/referral/aboter) [Lighter](https://app.lighter.xyz/?referral=70045843) [Pacifica](https://app.pacifica.fi/?referral=pacbot)

March 23rd, The Block reported that analysts at research and brokerage firm Bernstein have named Circle and Coinbase key drivers of stablecoin growth—fueled by their USDC partnership and the emerging role of stablecoins in "smart agent payments," which could become a major future growth lever. Lead analyst Gautam Chhugani noted in a Monday report: “We view smart agent payments as an upside optionality for stablecoins. It doesn’t materially impact current stablecoin demand, but stablecoins could play a critical role in the future smart agent economy.” The analyst clarified that “machine payments”—transactions initiated, authorized, and completed by software or autonomous devices (not humans)—are fundamentally distinct from automated bill pay or subscriptions. They’re programmatic, enabling real-time decision-making, price negotiation, and instant settlement without human input. Bernstein argues stablecoins have a natural edge here thanks to their programmability, instant settlemen

As of March 23, Onchain Lens data indicates BlackRock has deposited 839 BTC (~$57.4 million) and 14,802 ETH (~$30.3 million) to Coinbase, with further deposits expected.

On March 23rd, GMGN monitoring data shows the BSC-based meme coin “4” has continued to surge overnight and into this morning. Its market capitalization climbed from $7.5 million to a peak of $9.7 million, currently sitting at $9.2 million—marking a 20% 24-hour gain—with a corresponding trading volume of $1.6 million over the same period. **BlockBeats Note**: Meme coins are extremely volatile, largely driven by market sentiment and concept-focused hype, and lack tangible value or practical use cases. Investors should be mindful of these risks.