What happened: On Tuesday a total of 2,685.28 Ether (CRYPTO: ETH) worth $4,375,991, based on the current value of Ethereum at time of publication ($1,629.62), was burned from Ethereum transactions.
While the memory chip market has been weak, Deutsche Bank’s Sidney Ho upgraded Micron Technology Inc (NASDAQ: MU) stock upon signals that AI is providing the much-needed lift. Ho believes the worst of the downcycle has now passed, given aggressive production cuts that suppliers made and the strong de