OECD Secretary General: The Middle East conflict has a dual impact on the global economy

[Wall Street's Three Firms Maintain Buy Ratings for Multiple Crypto Companies] According to The Block, Benchmark, TD Cowen, and Mizuho have maintained buy ratings for Bitdeer, DeFi Technologies, Strive, and Gemini. Benchmark reiterated its $27 price target for Bitdeer, citing the significant value of its approximately 3.0 GW power assets and AI cloud business, with the latter's annual recurring revenue increasing from $10 million to $69 million. TD Cowen raised Strive's price target to $30, projecting its Bitcoin yield to reach 26.1% by 2026. Mizuho lowered Gemini's price target from $12 to $10, noting that despite a more than 50% drop in Q1 trading volume, trading revenue remained stable.

According to a post on the X platform by BitcoinTreasures.NET, the New Jersey Police and Firefighters Retirement Fund, which manages assets worth $33 billion, has purchased 14100 shares of Bitcoin treasury company Strike for the first time, valued at $220000.

[Elizabeth Warren: OCC May Have Illegally Issued Trust Charters] According to Bloomberg, Senator Elizabeth Warren sent a letter to Acting Comptroller of the Currency Jonathan Gould, questioning the legality of issuing national trust charters to at least nine crypto companies. Warren stated that these companies 'appear to be unqualified,' the scope of the charters 'far exceeds what is legally permissible,' and may violate the National Bank Act. She has requested the OCC to clarify whether the approvals were compliant.

According to Bybit's latest options weekly report, BTC encountered its fourth rejection at the 200 day moving average this week, while ETH and XAUT weakened simultaneously. Macro pressures include the US CPI rising to 3.8% year-on-year in April, 10-year US Treasury yields breaking 4.5%, and CME FedWatch showing a probability of over 50% interest rate hikes by the end of 2026. The expiration of US stock options has triggered long liquidation, with hedge funds holding long positions in technology stocks at the 99th percentile for five years, increasing the risk of systemic deleveraging. DVOL is at a historical extreme, and it is recommended that investors wait for confirmation of $77000 support before laying out.

According to JPMorgan, the favorable factors for stablecoin regulation have strengthened, and it is expected that the Clarity Act will be passed before July 4th, but operational obstacles still exist.