News

BlockBeats News, June 9th. According to an analysis article released by Token Terminal, Tokenized Treasuries are gradually becoming a key infrastructure product for stablecoin issuers. The data shows that the current size of Tokenized Treasuries is around $14 billion, and the supply of stablecoins is expected to grow tenfold by 2030, adding approximately $2.7 trillion in on-chain dollar supply. There is a significant gap between the Tokenized Treasuries and stablecoin supply, which is seen as an important potential growth area for future on-chain financial infrastructure.

BlockBeats News, June 9th, according to Hyperinsight monitoring, the largest short position on BTC on Hyperliquid today was observed. The whale opened a short position with 20x leverage, shorting 831.4 BTC, with a value of approximately $52 million, at an average price of $62,675 and a liquidation price of $69,909. However, this whale is not a long-term bear. They engage in quick trades on BTC and ETH, achieving a 9-game winning streak and a weekly profit of $710,000. Address: 0x50b309f78e774a756a2230e1769729094cac9f20

BlockBeats News, June 9th. Goldman Sachs released a report stating that they expect continued market tightness to drive Micron's performance significantly above market consensus and company guidance. The firm had previously raised the overall industry outlook and anticipates the tightness to persist throughout the 2027 fiscal year, bringing higher pricing and profit margins to the industry. Considering the significant stock price increase and the market's optimistic view on long-term customer agreements, investors remain very bullish on the stock. Goldman Sachs expects Micron's third-quarter revenue at the end of May to be about 9% higher than market consensus, and driven by pricing tailwinds, they anticipate significant sequential revenue growth for the quarter ending in late August. The firm forecasts last quarter's revenue, gross margin, and earnings per share to be $37.6 billion, 83.4%, and $22.07, respectively, compared to market consensus of $34.4 billion, 81.9%, and $19.74. For the 2026 fiscal year, the firm's revenue and EPS estimates for Micron are 30% and 36% higher than the market consensus. Goldman Sachs has raised Micron's price target from $400 to $900 and maintains a "Neutral" rating.