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According to ChainCatcher, citing BBX data, yesterday Cantor Fitzgerald simultaneously raised price targets for several crypto-related stocks, but their share prices generally remained under pressure. The main developments are as follows: On April 21, Cantor Fitzgerald analyst Ramsey El-Assal released a research report maintaining an "Overweight" rating on Strategy, Inc. (NASDAQ: $MSTR), Robinhood Markets, Inc. (NASDAQ: $HOOD), and Block, Inc. (NYSE: $XYZ), and raised their respective price targets to $212 (from $192), $110 (from $95), and $88 (from $78). El-Assal noted that the market is treating Q1 earnings as "rearview mirror data" and is turning its attention to forward-looking growth drivers such as prediction markets and tokenization. Despite the collective price target hikes, the three stocks still closed down by about 2.78%, 4%, and 2% respectively yesterday, reflecting the dual impact of subdued macro sentiment and geopolitical uncertainty. Circle Internet Group, Inc. (NYSE: $CRCL) closed at around $97 yesterday (April 21), with a daily decline of about 4.6%, corresponding to a market capitalization of approximately $24 billion. The stock's 52-week low was $49.90 (on February 5), and it has now rebounded about 95% from that low. The Q1 2026 earnings report is expected to be released on May 11, and Q2 revenue consensus is around $718 million.

First, according to the official website of the U.S. Senate Committee on Banking, on April 21, during a hearing of the Committee, Federal Reserve Chair nominee Walsh stated that if appointed and in charge of the Federal Reserve, he would make independent monetary policy decisions and would not be influenced by any suggestions or pressure from Trump. He also emphasized that low inflation is the Federal Reserve’s shield. Second, the U.S. retail sales monthly rate for March was 1.7%, exceeding the expected 1.4% and the previous value of 0.7%; core retail monthly rate was 1.9%, surpassing the expected 1.4% and the previous value of 0.7%. Supported by strong retail data, market expectations for a Federal Reserve rate cut have further converged. Third, the temporary ceasefire agreement between the U.S. and Iran is set to expire on April 22, Eastern Time. Trump publicly stated that if both parties fail to reach an agreement before the ceasefire expires, it is “extremely unlikely” that the ceasefire will be extended. On the Iranian side, officials stated they refuse to participate in a second round of negotiations with the U.S.; the uncertain outlook for negotiations has led to cautious gold buying sentiment, with funds waiting on the sidelines for a clearer situation.

According to Odaily, Wall Street investment bank Jefferies’ analysis points out that the approximately $293 million Kelp DAO attack event on April 18 exposed critical infrastructure risks and may prompt traditional financial institutions to reconsider the pace of blockchain and tokenization advancement. Jefferies believes the attackers minted unsecured tokens and conducted cross-platform lending, triggering market sell-offs and liquidity crunches. The incident is thought to be possibly linked to Lazarus Group and also highlights single points of failure in cross-chain bridge verification mechanisms. As institutions accelerate the tokenization of assets such as funds, bonds, and deposits, related risks may cause some banks and asset management organizations to pause deployments and prioritize system security reviews. Especially in cases that rely on cross-chain infrastructure, security vulnerabilities could result in market fragmentation and weaken the practical utility of tokenized assets. Despite short-term confidence being dampened, Jefferies still emphasizes that the long-term trend is unchanged. With ongoing regulatory progress and infrastructure improvement, stablecoin application scenarios still have growth potential. However, the overall industry remains in its early stages and will need time to strengthen system robustness.