News

Odaily reported that Jason Huang, founder of NextGen Venture (NDV), stated in a post that the institution had previously successfully warned about the risk of a Strategy (MSTR) pullback in advance. At present, however, it is taking the opposite approach, starting to place Circle (CRCL) on its watchlist to look for opportunities while market sentiment is under pressure. Jason Huang analyzed that Circle's share price fell by about 14% yesterday against the backdrop of multiple financial institutions jointly launching Open USD, which sparked concerns in the market about intensified competition. However, this logic has been misunderstood: the joint entry of large institutions will not reduce the size of the stablecoin market but may actually enlarge the overall "pie." Currently, the global stablecoin total market cap is only about $317 billion, and the industry is still in its early growth stage. Historical experience shows that payment and financial projects jointly promoted by multiple parties often fail due to inconsistent incentives, such as Libra, so in the long term, they may not change the core competitive landscape. Jason Huang revealed that Circle is now listed as one of the few tradable US stock targets with a stablecoin theme. Although there is not yet a clear target price or immediate position-building plan, its quarterly performance and fundamental changes will be closely monitored.

Truist Securities has raised its target stock price for a certain exchange from $261 to $295.

BlockBeats News, July 2nd, "BTC OG Insider Whale" proxy Garrett Jin stated that the memory sector has temporarily peaked. Micron encountered resistance at $1250 and retraced. Despite significantly exceeding earnings expectations, the stock price continued to plummet on high volume. The lack of follow-up buying after the positive news is a clear signal of a temporary top. Funds are rapidly exiting the memory sector, with the DRAM ETF plunging on high volume. SK Hynix and Samsung are under pressure simultaneously, with overseas investors in Korea withdrawing over 100 trillion Korean won (approximately $65 billion) from the Korean market in the past two months. However, funds have not exited the AI track but are rotating within the track. While chip stocks were being sold off last Friday, Google, Microsoft, and Amazon saw heavy volume at the bottom, and today Meta similarly surged on high volume. Garrett Jin believes the logic behind this rotation is Token Optimization: as more workloads are handled by inexpensive models for simple tasks, value is gradually settling in the cloud and orchestration layer billed by tokens, rather than the model layer itself. This is where the moat of hyperscale cloud providers lies. Based on this, it is judged that hyperscale cloud providers will experience a round of catch-up rally. It is recommended to reduce positions in memory and join the chase-up rebound of large cloud providers.