Gate News message, April 11, investment bank TD Cowen analyst Lance Vitanza lowered MicroStrategy (stock code MSTR)’s target share price from $440 to $350, and maintained a Buy rating. TD Cowen manages $15 billion in assets.

Benchmark reaffirmed its bullish stance on Securitize (SECZ) in its latest research report, setting a $16 price target, and believes the company will benefit significantly from the tokenized asset wave. If it were to capture 0.01% of the NYSE’s market cap, its asset base could double. Securitize has full regulatory credentials and has become the digital transfer agent for the NYSE’s tokenized securities platform. It has also partnered with BlackRock, with the size of its tokenized U.S. Treasury fund nearing $3 billion, but it faces regulatory and technology risks.

Compass Point analyst downgraded Circle’s rating from “Neutral” to “Sell,” and cut the target price to $77. The reason is that USDC growth is mainly coming from low-profit platforms, which is affecting the company’s earnings. The analyst expects first-quarter performance to miss expectations, with EBITDA falling 19% quarter-over-quarter. Despite this, if the crypto market rebounds, Circle’s outlook could still improve.

Banks such as Australia and New Zealand Banking Group (ANZ) and investment banks like Goldman Sachs predict that gold may rebound in the long term, mainly driven by central bank demand, geopolitical uncertainty, and expectations that the Federal Reserve will cut interest rates. ANZ expects the gold price to reach $5,800 by year-end, while Goldman Sachs maintains a $5,400 outlook, saying that central bank gold purchases will be a support factor.

TD Cowen cut Strategy (MSTR)’s target price by 20.5% to $350, maintained a Buy rating, citing a lowered expectation for the price of bitcoin. For fiscal year 2026, its forecast for bitcoin revenue was reduced to $7.87 billion, and it still believes MSTR will convert demand for market volatility through leverage.

Gate News message, April 9, the head of the National Bank of Poland, Glapiński, said the National Bank of Poland will continue to buy gold. Glapiński reiterated the target to increase gold reserves to 700 tons; the National Bank of Poland currently holds 580 tons of gold.

BitMine Immersion Technologies announced that it has officially been upgraded to the New York Stock Exchange and will stop trading on NYSE American. At the same time, it has expanded the authorized total amount of its share repurchase program to $4.0 billion. Currently, the company holds about 4.8M ETH and has completed 79% of its target.

Market expectations are that the U.S. February PCE data will show that inflation pressures remain, with PCE rising to 0.4% month over month and 2.8% year over year. Core PCE is expected to be around 3.0% year over year, above the Federal Reserve’s target. The Federal Reserve may continue to hold the 3.50%-3.75% interest-rate range in April, while rate-cut expectations cool.

Bitcoin’s price rose 6.7% on Wednesday to $72,379, influenced by easing tensions between the US and Iran and falling oil prices. Investor risk-avoidance sentiment eased, driving crypto and traditional assets to rise in tandem. Technical indicators show strong upward momentum for Bitcoin; if it breaks through $74,500, it could further test the $76,000 or $80,000 targets.

Cardano launches the Orion Fund in 2026, releasing 50 million ADA and shifting to an investment-driven expansion strategy. The fund size is $80 million, with the goal of activating Bitcoin liquidity, and the overall ecosystem expansion relies on the DeFi sector. At the same time, Cardano’s on-chain TVL target is $3 billion; stablecoin liquidity and real demand are key challenges.