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Glonghui, June 17｜Bernstein believes that the stock price of Japan’s largest market-cap stock, the storage giant [Certain Exchange], has up to 50% downside potential. Analysts noted in a report that unless long-term gross margins reach 65% or supply shortages persist until 2032, the stock is overvalued. Bernstein maintains an “underperform” rating. Bernstein still expects NAND flash prices to peak in 2027, with gross margins normalizing to around 30% by the end of 2028. On the other hand, given short-term market momentum supporting prices, the target price for [Certain Exchange] has been raised from 17,000 yen to 40,000 yen. [Certain Exchange] closed up 1.35% today at 96,000 yen, hitting a new all-time high. Its market cap reached 52.45 trillion yen, firmly remaining Japan’s largest company by market capitalization. Since the beginning of the year, [Certain Exchange] has jumped 820%.

Foresight News reports that BAGS has announced the launch of a new default startup mode called "SpaceX Mode." The new dynamic fee structure will take effect when a new token launches, starting at a 2% fee, which will decrease to 0.5% as market value increases. Additionally, after the migration, 25% of fees will be allocated to composite liquidity, and liquidity will gradually increase with the number of transactions. When a new token is issued, only 4% of its supply will be in circulation.

Sources: The United Arab Emirates is advancing relevant measures, aiming to reduce its dependence on the Strait of Hormuz to zero.