UBS raises September Brent crude oil price forecast to $105 per barrel

According to Bloomberg, Christopher Giancarlo, former chairman of the U.S. Commodity Futures Trading Commission (CFTC), will join Jefferies Financial Group in July as a senior advisor specializing in investment banking. Giancarlo has promoted the launch of the first batch of Bitcoin futures contracts on CBOE and CME, and supported loose cryptocurrency regulatory policies. Jefferies has completed approximately 14 digital asset transactions with a total value of approximately $9 billion, and has completed approximately $141 billion in market structure and technology transactions since 2011. Currently, there are approximately 15 employees dedicated to the cryptocurrency business.

After Nvidia released its Q1 financial report, Baird raised its target price from $300 to $500, Bank of America from $320 to $350, Benchmark from $250 to $335, Jefferies from $275 to $300, and JPMorgan from $265 to $280. The current stock price of NVDA is approximately $223.

DDC Enterprise Limited, a company listed on the New York Stock Exchange, announced an increase in its holdings of 200 bitcoins, bringing its total holdings to 2583 with an average purchase cost of approximately $79500 per coin. This increase in holdings did not result in the issuance of new shares, and the corresponding holdings of Bitcoin increased by 8.4% per 1000 shares to 0.0543. The company disclosed that the Bitcoin yield has reached 36.6% since the beginning of the year, and its current position size ranks among the top 30 listed companies in the world. It plans to continue to increase its holdings in the future, and the specific pace depends on liquidity and balance sheet conditions. （Businesswire）

The number of initial jobless claims in the United States for the week ending May 16th was 209000, lower than the expected 210000. The previous value was revised from 211000 to 212000. AI interpretation: The lower than expected number of initial jobless claims indicates the resilience of the labor market, further consolidating the foundation of economic recovery. This data will alleviate market concerns about an economic slowdown and enhance confidence in the Federal Reserve's interest rate policy. Overall, the decrease in the number of unemployment benefit applicants will have a positive impact on consumer spending and economic growth.

Wang Qiao, a co-founder of AllianceDAO, stated that Zcash may become a hedge asset for Bitcoin holders, accounting for 3% -20% of the market value. He also mentioned that if Bitcoin encounters a systemic risk event, Zcash's market share may increase, but the probability is low.