NVIDIA plans to invest $3 billion in power company Lancium to accelerate the build-out of its AI data center ecosystem.

Whale 0x7C5a is finally giving up after holding $ETH for over 3 years, selling at a loss with total losses now exceeding $19M. The whale bought $ETH at an average price of $2,723 in February 2022 and March 2023, then staked it. 10 hours ago, the whale sold 7,323 $ETH ($13.96M).

After SanDisk’s latest earnings report, Bank of America maintained a bullish outlook and reaffirmed its "Buy" rating on the company, arguing the market has underestimated SanDisk’s long-term profitability driven by AI storage demand. It kept a $2,500 price target, implying roughly 85% upside from the reference share price of $1,350.5. The target is based on 2027 projected earnings per share (EPS) of $255 and a valuation of around 10 times earnings. SanDisk was previously viewed by investors as a typical cyclical stock, but Bank of America believes that as AI development boosts data storage demand and enterprise-grade SSD penetration rises, the company’s current profit levels could be more durable than the market expects. Earnings data showed SanDisk’s fourth fiscal quarter revenue hit $8.97 billion, up 51% sequentially, exceeding its prior guidance of $7.75 billion to $8.25 billion. About two-thirds of the growth came from product price hikes, with the remainder from increased storage bit shipments. Its gross margin rose to 84.6% in the period, up from 78.4% in the prior quarter and beating the expected range of 79% to 81%. Bank of America forecasts SanDisk’s fiscal 2027 EPS will surge 229% to $233.85, while revenue will grow 160% to $52.6 billion. The company projected next fiscal quarter revenue of $10.3 billion to $10.8 billion, EPS of $44 to $46, and gross margin is expected to hold steady at a high 83% to 85%. Bank of America noted no clear signs have emerged that SanDisk’s storage prices and profitability have peaked, and AI infrastructure expansion is likely to continue supporting a favorable cycle for the storage sector.

Bitcoin developer Kevin Loaec warned that if a Bitcoin fork tied to the controversial BIP-110 proposal occurs this weekend, holders selling tokens from the forked chain may face the risk of their actual BTC being drained. Reports note that if Bitcoin splits into two chains, users’ BTC balances will exist on both chains. Some traders may attempt to sell seemingly "free" forked coins, but due to the lack of replay protection in the early stages of both chains, transactions signed when selling forked coins could be replicated on the original Bitcoin network, resulting in buyers receiving an equivalent amount of actual BTC. Loaec stated that without understanding how to safely split assets across the two chains, the safest option for holders is to refrain from any actions for now. Unmoved BTC will not be vulnerable to replay attacks, as there are no signed transactions to replicate. This risk stems from the BIP-110 proposal, which aims to restrict non-payment data such as images and text from being included in Bitcoin transactions. Lacking sufficient miner support, software backing BIP-110 may start rejecting non-compliant blocks from the expected block height of 961,632 this weekend, leading to a fork competing with the main chain. Currently, miner signaling support for BIP-110 stands at around 2.6%, far below the threshold needed for activation, so it remains uncertain whether a fork will actually materialize. However, if a small number of miners continue to maintain the BIP-110 chain, two separate transaction histories could emerge in the market. Analysts note that in the early stages of a fork, users need to proactively isolate their assets; otherwise, transactions involving forked coins could accidentally transfer actual BTC due to the lack of replay protection. The BIP-110-related transaction restrictions are expected to take effect around early September.

Whales keep accumulating $BTC. A newly created wallet (167YVr) received 1,346 $BTC ($87.28M) from #GalaxyDigital.

According to Lookonchain's monitoring, a newly created wallet address (167YVr) received 1,346 BTC from Galaxy Digital, worth approximately $87.28 million. Related address: 167YVrHeroj8yuiH8ZmMFazQjn5sPjKBa7.

According to market data from BIT (bit.com), AI application software stocks collectively closed higher. Among them: Atlassian (TEAM) surged 35.31%, Asana (ASAN) rose 6.68%, ServiceNow (NOW) gained 6.42%, MongoDB (MDB) jumped over 7%, Salesforce (CRM) increased 3.20%, Palantir (PLTR) climbed more than 10%, and Workday (WDAY) rose over 5%.