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.

A U.S. bank research report said that since the 1970s, the global economy’s reliance on oil has declined, and the oil required now is only one-third of that at the time, with economic resilience strengthening. In addition, Haitong Securities’ analysis found that gold did not exhibit safe-haven characteristics; after experiencing a pullback due to geopolitical shocks, it rebounded.

The European Central Bank supports transferring regulatory authority over cross-border financial market participants such as crypto-asset service providers to the European Securities and Markets Authority, with the aim of strengthening the integration of the EU capital markets and their competitiveness; the related proposals will be subject to legislative talks between member states and the European Parliament.

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.

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.

Dutch bank ClearBank receives EU MiCA approval and a CASP license, and will launch digital asset services, including euro- and dollar-denominated stablecoins, to improve the efficiency of cross-border payments, and will also offer savings account services covered by UK deposit insurance protection.

Standard Chartered Bank plans to consolidate its client custody business at its Zodia Custody into the bank’s Digital Assets division for corporates and investment banks. Zodia will become an independent custody SaaS platform. Relevant announcements will be made within this month.

The U.S. Treasury plans to jointly issue new regulations requiring stablecoin issuers to establish anti-money laundering and sanctions compliance systems to address suspicious transactions and comply with the Bank Secrecy Act. This move is intended to advance the implementation of the GENIUS Act, which is expected to take effect in 2027.

Standard Chartered Bank plans to restructure its holding of Zodia Custody Ltd., integrating its cryptocurrency custody business into the corporate and investment banking division, and expects to issue a related announcement within this month. Zodia Custody will continue to operate as an independent crypto-asset custody SaaS company.

Gate News message. On April 8, according to Bloomberg, a White House economist said that stablecoin yields will not harm banks’ profits. Data show that even if stablecoin yields are banned, it is expected to increase the scale of bank loans by only 0.02%.