Cash App expands crypto asset support via MoonPay, adding ETH, SOL, XRP and USDT.

Bank of America (BofA) says SanDisk’s recently announced long-term growth targets could serve as a reference for Micron Technology (MU)’s valuation reset, reaffirming a “Buy” rating on Micron with a maintained target price of $1,550—roughly 61% higher than the reported share price of $963. At its investor day, SanDisk projected annual sales growth of nearly 15% in the coming years, and a gross margin rise to over 80% by fiscal 2030. BofA notes that if Micron can sustain similar growth and margins, driven by AI-powered HBM (High Bandwidth Memory) demand and supply discipline, its business may no longer be viewed purely as a traditional cyclical storage operation. The bank forecasts Micron’s fiscal 2030 (FY30) earnings per share (EPS) could reach $200–$250; assigning a higher valuation to its AI-related HBM business would further expand its earnings and valuation upside. BofA also expects that as the storage sector’s profitability improves, Micron may trade at a 12–15x price-to-earnings (P/E) ratio in the future, rather than being valued solely as a traditional cyclical storage stock by the market. On the cash flow front, BofA projects Micron could ramp up share repurchases after the expiration of CHIPS Act-related restrictions on December 9, 2026. The bank estimates Micron’s trailing 12-month free cash flow could exceed $80 billion at that time, theoretically enough to repurchase nearly 10% of its market cap annually, further boosting EPS by reducing share count. BofA identifies three key factors to monitor for Micron going forward: whether high gross margins can be sustained, whether management can strictly execute capital return plans, and the trend of HBM demand and prices.

The Royal Government of Bhutan keeps selling $BTC. It transferred another 300 $BTC($19.28M) to a new wallet 2 hours ago.

According to market data from BIT (Bit.com), Meta Platforms (META.O) shares hit a two-week low, with the latest decline standing at 3.63%. In related news, the high-profile lawsuit against Meta Platforms over alleged child safety risks and privacy violations will begin trial on local time Tuesday.

According to HTX market data, Bitcoin has broken through the $65,000 mark, with a 2.20% gain in the past 24 hours.

Securitize has launched the Neuberger Securitize High Income Tokenized Fund ($HINC), marking Neuberger Berman’s first participation in a tokenized fund as a sub-adviser. The fund primarily invests in high-yield bonds and other income-generating fixed-income assets, is open to eligible investors, and is deployed simultaneously across four blockchains: Avalanche, Ethereum, Solana, and Sui.

August 18 Update: #Bitcoin ETFs: 1D NetFlow: +4,436 $BTC(+$284.05M)?? 7D NetFlow: +13 $BTC(+$819.51K)?? #Ethereum ETFs: 1D NetFlow: +16,091 $ETH(+$30.46M)?? 7D NetFlow: +27,042 $ETH(+$51.19M)??