News

BlockBeats News, June 30th, Bernstein analyst Mark Newman raised the company's price target for SNDK from $1700 to $3000 and maintained an "Outperform" rating on the stock. The company noted that the new Long-Term Agreements (LTAs) are different from the old agreements, as the old LTAs were customer-biased, while the new LTAs have fixed or range-bound prices, including prepayment commitments to lock in customers and protect downside risks, with longer terms. According to the data provided by the company, the company estimates the floor price in SanDisk's recent signed LAs to be 29 cents per GB, significantly lower than Micron's floor price in the second quarter, the analyst said in a research report to investors.

Jinse Finance reported that on June 30, European Central Bank governing council member Olaf Sleijpen stated that the level of inflationary shock caused by the Iran war remains unclear, and policymakers will respond based on subsequent data. In an interview with Bloomberg TV’s Francine Lacqua in Sintra, Portugal, the Dutch official said that although energy costs have already fallen, uncertainty still remains. The European Central Bank is holding its annual forum locally. “From an inflation perspective, the decline in oil prices is certainly good news,” he said on Tuesday. “But what will happen in the future remains to be seen.” Policymakers are examining how US-Iran peace talks and the drop in energy prices might affect euro inflation. This month, the European Central Bank raised interest rates for the first time since 2023, and the market expects another 25 basis points increase before the end of the year.

Foresight News reports that Jupiter has launched the beta version of its prediction market, Jupiter Forecast. Jupiter Forecast uses a Solana native architecture, enabling faster transaction speeds and quicker settlement.