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Citigroup raises SanDisk's price target to $2,500.

2 hours ago

Citi analyst Asiya Merchant raised SanDisk’s price target from $2,025 to $2,500, while retaining a buy rating on the stock. Micron’s financial results indicate the NAND market will stay tight through 2027, analysts told investors in a research note. Citi attributes the upward adjustment of SanDisk’s price target to sustained strong demand and favorable pricing dynamics.

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Ethereum has potential liquidations worth $114 million at the $1,472 price level.

According to YuEmber monitoring, several on-chain ETH lending whales are facing liquidations amid the current downtrend. Details are as follows: First liquidation tier: liquidation price of $1,472, liquidation scale of 72,700 ETH (valued at $114 million); Second liquidation tier: liquidation price of $1,355, corresponding to 167,600 ETH (valued at $263 million) held by dip-buying whales at the start of the month; Third liquidation tier: liquidation price of $1,160, corresponding to 120,000 ETH long positions of Hyperliquid’s largest long.

2 minutes ago

Iran proposes charging neighboring Gulf countries fees for the use of the Strait of Hormuz.

Iran has proposed charging neighboring Gulf countries a service fee for the use of the Strait of Hormuz. Iran estimates this would generate $40 billion in annual revenue for the countries involved. Iran hopes to share and reach an agreement on revenue from the strait with other nations, according to The Wall Street Journal.

2 minutes ago

CryptoQuant Head of Research: Strategy Should Suspend Bitcoin Purchases to Rebuild Cash Reserves

CryptoQuant Head of Research Julio Moreno has advised Strategy to suspend Bitcoin purchases and prioritize rebuilding its cash reserves to enhance financial flexibility. Moreno noted that Strategy’s cash reserves have dropped by 38% this year, its annual dividend obligations have risen to around $1.2 billion, its dividend coverage period has shrunk from multiple years to just 14 months, and it faces $10.6 billion in unrealized losses on its Bitcoin holdings.

2 minutes ago

Ondo Launches 24/7 Minting and Redemption Services for Tokenized Stocks

Ondo announces the official launch of 24/7 instant minting and redemption services for U.S. tokenized stocks and ETFs. Previously, the platform only offered minting and redemption windows 24 hours a day, five days a week (24/5). Following this upgrade, eligible users can mint or redeem supported tokenized assets at current market prices at any time, including weekends and U.S. public holidays. The first batch of assets supporting 24/7 instant minting and redemption includes six tokenized stocks: SPYon, QQQon, CRCLon, NVDAon, TSLAon, and GOOGLon. These assets are now live on Ethereum and BNB Chain, with Solana support set to launch soon.

2 minutes ago

Bitcoin rebounds after flash crash, breaks through $60,000, surging over 3% in the past hour.

According to HTX market data, Bitcoin saw a 4.8% flash crash tonight before a sustained rebound, breaking through the $60,000 level to currently trade at $60,004.00, with gains exceeding 3% in the past hour.

2 minutes ago

Agent of 'BTC OG Insider Whale' Incurs $21.12 Million Unrealized Loss on 5x Bitcoin Long Position

On-chain analyst Ai Yi (Twitter handle @ai_9684xtpa) monitored that Garrett Jin, the agent of the so-called "BTC OG insider whale", holds a 5x long Bitcoin position with an unrealized loss of $21.12 million. The entry price of Garrett Jin’s 1268.33 BTC long position is $76,117, with a mark price of $59,466 and a liquidation price of $16,962.

2 minutes ago