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AI Computing Power Demand Drives Memory Industry Boom, Micron and SanDisk Enter "Valuation Reassessment Cycle"

2 hours ago

April 28th As AI infrastructure expands, global memory chipmakers are among the biggest winners of the AI boom. Melius Research analyst Ben Reitzes has launched **Buy** ratings on Micron Technology and SanDisk—his first coverage calls for both stocks—setting two-year price targets of $700 and $1,350, respectively. Key analysis highlights: - AI data centers are fueling skyrocketing demand for High Bandwidth Memory (HBM) and NAND flash, reshaping the semiconductor industry’s profit landscape. - Unlike traditional SaaS firms facing usage-based pricing pressure, memory makers are locking in revenue and gross margins via 3- to 5-year long-term procurement deals—a new model likened to “reverse SaaS.” Current industry trends: - NVIDIA and Advanced Micro Devices (AMD) rely heavily on HBM in their GPUs, pushing global DRAM resources toward AI applications. - Samsung Electronics, SK Hynix, and Micron have shifted a large chunk of DRAM production capacity to HBM, tightening supply of general-purpose memory and driving rapid price hikes. Valuation snapshot: - Micron’s market cap is approaching $600 billion. - SanDisk has surged over 300% in the past year, topping a $157 billion market cap. Analysts note further upside could remain for memory valuations if demand for Agent AI and Entity AI continues to grow.
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Binance HODLer Airdrop Live for USD.AI (CHIP)

On April 28, Binance announced the addition of USD.AI to the 63rd round of its HODLer Airdrop program. Eligible users will qualify for CHIP airdrop rewards based on their BNB holdings in Simple Earn (Flexible/Savings) and On-Chain Yields from March 13 to March 15, 2026. Per the announcement, CHIP is a permissionless lending protocol focused on AI infrastructure financing—allowing GPU operators to tokenize their hardware and use it as collateral for loans. The total airdrop reward for this round totals 25 million CHIP, equivalent to 0.25% of CHIP’s 10 billion total supply. At launch, the token will have a 2 billion circulating supply (20% of the total) and is deployed on both Ethereum and Arbitrum. Binance noted eligible users can expect their airdrop rewards to be credited to their spot accounts within 5 hours of the announcement.

10 minutes ago

Jack Dorsey's Block Discloses $2.2 Billion Bitcoin Treasury Reserve, Holding 28,355 BTC and Enabling On-Chain Validation

On April 28, Block Inc.—Jack Dorsey’s payment company—released its Q1 2026 Bitcoin Reserve Proof of Reserves (PoR) report, disclosing it held 28,355 BTC as of March 31, worth roughly $2.2 billion at current market prices. Of that total, ~19,357 BTC (valued at ~$1.5 billion) are user custody assets, while the company’s own holdings stand at 8,997 BTC (~$692 million). These reserves have been audited by a third-party firm and cover operations including Square and Cash App. Block emphasized users “should not rely solely on trust but should be able to independently verify Bitcoin reserves,” adding anyone can confirm holdings via on-chain signatures. Notably, since FTX’s collapse, more crypto firms have adopted PoR to boost transparency—though Michael Saylor previously publicly opposed disclosing on-chain reserve addresses, arguing it could create security risks. Per its financial update, Block will release its official Q1 earnings report on May 7. The company posted a Q4 2025 n

10 minutes ago

Within a single month, the whale shorted BTC 16 times, opening a short position worth $23 million each time.

On April 28, HyperInsight monitoring (via its Telegram channel) reports on-chain data showing a Bitcoin whale (address: 0x004edcd40360e293e4cf260d2ebdf8c7076c1bb8) opened a 20x leveraged short position worth 300 BTC (~$23 million) at an average entry price of $76,612. This address has placed 16 short positions since the start of the month, boasting a current streak of 9 profitable trades and an average holding period of roughly 21 hours.

10 minutes ago

The LayerZero team's associated address has deposited 1 million ZRO to a CEX, worth approximately $1.43 million.

April 28th — Per OnchainLens monitoring, a wallet linked to the LayerZero team has deposited 1 million ZRO (valued at ~$1.43 million) into Binance. The wallet currently holds 29 million ZRO (valued at ~$41.34 million) and could continue depositing to the exchange. Address: 0x1f903473376fbe98cc763f1bc459c8fdb6ac3909

10 minutes ago

Bitunix has officially launched the custom K-line interval feature, empowering traders to make more precise trading decisions.

On April 28, Bitunix officially rolled out its custom K-line interval feature. Targeted at technical traders and professional users seeking higher precision, this update boosts the flexibility and depth of chart analysis. Users can now set custom intervals—including 2, 6, 9, 12, 24, or 45 minutes—to better capture market micro-trends and liquidity shifts that are hard to spot on standard 5-minute or 15-minute K-line charts. This feature enables more detailed rhythm analysis and more effective trade strategy execution amid complex market conditions.

10 minutes ago

Organization: Bank of Japan's June Rate Hike Probability High, Stagflation Pressure May Constrain Further Tightening Space

On April 28, Yuxuan Tang from J.P. Morgan Private Bank noted that the Bank of Japan (BOJ) opted to hold interest rates steady in its first formal response to the Middle East conflict and the yen’s recent weakness. However, a 6-3 vote split signals an increased likelihood of a rate hike as early as June. This expectation is largely priced into markets, with investors currently betting on roughly two additional rate hikes remaining in 2026. “We believe the BOJ will need to go well beyond that magnitude,” she said, as Japan teeters on the brink of stagflation: Japan’s low energy self-sufficiency rate relative to other major economies, combined with high energy prices, leaves it more exposed to external shocks. Expensive subsidy programs and other fiscal measures are also expected to strain public finances. Against this backdrop, the BOJ may need to maintain a relatively accommodative policy stance to buffer against weaker demand. (Kincentric)

10 minutes ago