According to Gate.com data, Brent crude oil fell below $95 per barrel, down 5.43% on the day. WTI crude oil touched $91 per barrel, down 6.28% on the day. Spot silver rose above $81 per ounce for the first time since April 17, up 4.74% on the day.

Odaily Planet Daily reports that Nasdaq-listed Treasure Global has announced it will gradually deploy $100 million in capital to establish a digital asset treasury reserve centered on Ethereum (ETH). The treasury will be expanded to include other digital assets in the future. The company stated that its digital asset treasury framework will serve as a long-term capital allocation tool, providing strategic exposure to the development of digital financial infrastructure without altering its core business. (Globenewswire)

Odaily Planet Daily reports that blockchain detective ZachXBT has announced a $10,000 reward for evidence of market manipulation related to LAB, including insider information on LAB's market-making activities on Bitget spot, Bybit perpetual contracts, Binance perpetual contracts, and OKX perpetual contracts, such as contracts and chat logs, as well as clues to the identity of LAB founder vsadkovv, such as his passport or identity document. ZachXBT states that these actions are further damaging the reputation of the crypto industry, and those involved should not...

Odaily Planet Daily reports that investment bank TD Cowen raised its price target for Strategy (MSTR) from $385 to $395 on Thursday, believing that the market has underestimated the capital efficiency of the company's Bitcoin accumulation strategy after it increased its issuance of STRC perpetual preferred shares. Analysts Lance Vitanza and Jonnathan Navarrete stated that the new price target represents over 110% upside from Strategy's closing price of $186.82 on Wednesday. The analysis points out that Strategy is gradually reducing common stock financing and relying more on STRC perpetual preferred shares with a yield of 11.5% to fund its Bitcoin purchases. STRC is also a core component of Michael Saylor's "42/42 Plan," which aims to raise $42 billion each through equity and fixed-income instruments over three years. TD Cowen believes the market underestimates the boost to "BTC Yield" from the STRC structure. This metric measures the growth efficiency of a company's Bitcoin holdings per share on a fully diluted basis. The report raised Strategy's fiscal year 2026 BTC yield forecast from 16.7% to 18.2%, and its 2027 forecast from 5.4% to 9.6%. Furthermore, analysts believe that market concerns about Strategy's "perpetual dilution machine" are exaggerated. Currently, the company's annual preferred stock dividend payout of approximately $1.5 billion represents only about 2.2% of the value of its 818,334 BTC reserves. TD Cowen's base case scenario projects Bitcoin will reach $140,000 by the end of 2026; its optimistic scenario anticipates BTC rising to $175,000, with Strategy's quarterly Bitcoin purchases potentially exceeding $5 billion. (The Block)

According to Odaily Planet Daily, the World Gold Council reported that global gold ETFs saw net inflows in April, attracting $6.6 billion and boosting their total assets under management by 1% to $615 billion. All regions recorded net inflows, with Europe leading the way ($3.7 billion), followed by significant inflows in Asia ($1.8 billion) and North America ($1 billion). Although global gold trading volume declined slightly month-on-month in April, it remained above the 2025 average. (Golden Ten)