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According to Jinshi reports, Wells Fargo has initiated coverage on SpaceX (SPCX.O) with an overweight rating and a target price of $230.

According to on-chain analyst Yu Jin's monitoring, one hour ago, the Ethereum Foundation funded the non-profit development organization Argot with 2,469 stETH, worth approximately 4.34 million USD.Last July, the Ethereum Foundation provided Argot with a three-year operational funding grant totaling 7,000 ETH. After receiving it, Argot sold 4,826.6 ETH at an average price of 3,194 USD, exchanging it for 15.417 million USDC.Today, Argot received the fourth-year funding from the Ethereum Foundation, amounting to 2,469 stETH. In July next year, Argot will also receive the final fifth-year funding, also for 2,469 stETH. On-chain transactions show that the funds have been transferred to the relevant address of Argot.

According to The Block, Sovright (the nonprofit successor organization related to Electric Coin Company for Zcash development) has officially released a wallet recovery tool named "Argos," aimed at helping early Zcash users recover funds that have been "stuck" due to the discontinuation of the old version of ZEC Wallet Lite in 2022.Sovright's Executive Board Chair Michelle Lai stated that Argos can recover affected assets as long as users still hold the old wallet mnemonic phrases, but since it only involves specific shielded addresses, the scale of the impact cannot be precisely estimated. However, it is estimated that the "amount is considerable," primarily concentrated among early long-term holders.She referred to the issue as a "technical pitfall" that the community has long failed to address, which, although not prominent, continues to erode user trust. Sovright currently consists of only three core members, all from the former Bootstrap system. The team is also testing a privacy-focused Zcash mining pool to reduce hash power centralization and enhance network decentralization.The governance structure of the organization has undergone significant adjustments, with Electric Coin Company employees collectively leaving to establish a new entity, Zcash Open Development Lab (ZODL), which has received support from institutions such as Paradigm and a16z, focusing on the development of Zcash-related products.Sovright emphasizes that there is no antagonistic relationship with ZODL and states that it will continue to focus on solving "long-standing issues" in the Zcash ecosystem, including key pain points such as wallet usability and infrastructure stability.

Argot Collective and the Ethereum Foundation (EF) announced that they have completed the final phase of the initial five-year funding commitment, with approximately 4,938 stETH to be transferred to a multi-signature wallet, to be unlocked in batches on July 1, 2026, and July 1, 2027, respectively. The funding for the previous three years was fully disbursed last year, while the remaining two years were delayed due to terms and governance arrangements that were yet to be finalized, which have now been completed.The funds are held in a 2-of-3 multi-signature wallet managed by Argot, the newly established "Failure Protection Committee," and the Ethereum Foundation. This committee will act as an independent arbitrator to maintain Argot's independence in the event of disputes and provide expertise in programming languages and compilers.Argot Collective also pointed out that while this agreement provides substantial operational security, broader challenges remain: the Ethereum Foundation has limited funding, and the public infrastructure supporting DeFi, staking, and core protocols cannot rely on a single funding source in the long term. The organization stated that it will continue to release transparency reports and roadmap updates every six months.

Previously, the United States announced a temporary agreement with Iran and lifted a 60-day oil sanction, leading to increased volatility in the international crude oil market. According to Bitget market data, the price of Brent crude oil (BZ) is approximately $78 per barrel, with a 24-hour increase of 0.3%. The competition between bulls and bears has intensified, driving up market attention on related contracts.According to CoinGlass data, the current total open interest for BZ contracts across the network has reached $73.4659 million. Among them, Bitget's BZ contract open interest is $12.5437 million, ranking second globally with a market share of 17.07%.Currently, Bitget has fully deepened its integration with the Universal Exchange (UEX) ecosystem, covering diversified assets such as U.S. stocks, CFDs, and cryptocurrencies.

According to Jinshi reports, Wells Fargo is extremely optimistic about the market outlook, predicting that the S&P 500 index will soar to 8,600-8,800 points by the end of 2027.

According to Jinshi reports, Wells Fargo Investment Research has raised its target range for the S&P 500 index at the end of 2026 from 7,400 to 7,600 points to 7,800 to 8,000 points, and set the target range for the end of 2027 at 8,600 to 8,800 points.

According to Bits.media, Wells Fargo disclosed its holdings in cryptocurrency ETFs to the U.S. SEC. In the first quarter, the bank increased its position in Ethereum ETFs, with a 63.5% increase in shares of BlackRock's iShares Ethereum Trust ETF (ETHA), rising from 672,600 shares to 1,100,000 shares; and a 37% increase in shares of Bitwise Ethereum ETF (ETHW), rising from 186,800 shares to 257,000 shares. Despite a net outflow of approximately $769 million from Ethereum spot ETFs in the first quarter and a 29% drop in ETH prices, Wells Fargo still holds about $21.5 million in Ethereum ETFs, with BlackRock products accounting for $17.6 million.In terms of Bitcoin ETFs, the bank's investments in Bitwise Bitcoin ETF and Grayscale Bitcoin Mini Trust grew by approximately 24% and 41%, respectively. BlackRock's iShares Bitcoin Trust remains the main holding, at about $250 million. Wells Fargo also significantly adjusted its holdings in cryptocurrency-related stocks: it reduced its stake in Galaxy Digital by 97%, from 2.5 million shares to 78,600 shares; while increasing its stake in Strategy by 125%, from 322,700 shares to approximately 726,000 shares.

Wells Fargo's latest submitted 13F filing shows that it increased its holdings in several Ethereum spot ETFs in the first quarter of 2026, including BlackRock ETHA and Bitwise ETHW. Among them, the ETHA holdings increased from approximately 672,600 shares in the fourth quarter of 2025 to about 1.1 million shares, an increase of about 63.5%; the ETHW holdings rose from about 186,800 shares to approximately 257,000 shares, an increase of about 37%. As of the end of the first quarter, the total value of the ETH ETFs held by Wells Fargo was approximately $21.5 million.In contrast, its Bitcoin ETF holdings showed divergence: IBIT holdings slightly decreased, while BITB and Grayscale Bitcoin Mini Trust ETF holdings increased by approximately 24% and 41%, respectively. Currently, IBIT remains its largest crypto ETF holding, with a scale of about $250 million. Additionally, Wells Fargo significantly adjusted its positions in crypto-related stocks, reducing its holdings in Galaxy Digital by about 97%, while increasing its holdings in Strategy from approximately 322,700 shares to 726,000 shares, an increase of about 125%.

According to Jinshi reports, Wells Fargo expects the Federal Reserve to keep interest rates unchanged in 2026, while the previous forecast was for two rate cuts this year.

According to The Block, financial giant Wells Fargo, with assets under management of $2.1 trillion, has submitted a trademark application for "WFUSD" in the United States, covering three international classes.Class 009 includes downloadable software for digital asset trading, payment, and wallet functions. Class 036 covers cryptocurrency trading and exchange services, as well as financial information processing and electronic business related to digital assets. Class 042 includes software as a service for asset tokenization and on-chain transaction payment infrastructure, as well as data encryption and electronic storage services.

According to CNBC, Wells Fargo stated that some taxpayers may receive larger refunds this year compared to previous years, which could drive funds into risk assets such as stocks and Bitcoin. This is due to provisions in the Inflation Reduction Act passed last summer that are favorable to taxpayers in 2025.Additionally, the IRS did not update its withholding tax tables last year, so wage earners are less likely to face surprises from adjustments to taxes already withheld.Wells Fargo noted in its latest analyst report that these factors could lead to as much as $150 billion flowing into the market by the end of March, as over 60% of refunds are issued.The bank's analysts added that the expected liquidity injection could boost Bitcoin as well as stocks favored by retail investors, such as Boeing and Robinhood. Wells Fargo analyst Ohsung Kwon stated in a report on Sunday, "We believe the additional savings from tax refunds—especially for high-income consumers—will flow back into the stock market.""Increased savings will drive speculative sentiment... We expect the 'YOLO' mentality to return." The analysts pointed out that Bitcoin could serve as a proxy indicator for liquidity, signaling a shift in investment patterns. According to Wells Fargo data, domestic liquidity has decreased by $105 billion over the past four weeks, while Bitcoin has retraced about 29% in the past month.

According to Frank Chaparro, project director at The Block, Wells Fargo posted a position for a Head of Digital Asset Services four days ago. Responsibilities include: developing a three to five-year strategy covering tokenized deposits, on-chain collateral, intraday liquidity, and 24/7 programmable payments—fully integrated with wire transfers, ACH, RTP, FedNow, and SWIFT.Not long ago, Morgan Stanley and JPMorgan also hired senior leadership talent in the cryptocurrency space.

According to Jinshi, Bank of America shares fell by 1.3%, and Wells Fargo shares fell by 1.5%.

Binance founder Zhao Changpeng CZ retweeted a post stating: "While you are panic selling, American banks are continuously accumulating Bitcoin."The tweet mentioned that Wells Fargo has just purchased $383 million worth of Bitcoin, and American banks are making large purchases.

According to Bloomberg, Bank of America CEO Brian Moynihan, Citigroup CEO Jane Fraser, and Wells Fargo CEO Charlie Scharf plan to meet with bipartisan senators on Thursday to discuss cryptocurrency market legislation that may soon be put to a vote.The discussion is organized by the Financial Services Forum, a large bank alliance, and is expected to focus on bankers' opposition to allowing interest payments on stablecoins, as well as issues related to banks' competitiveness in the cryptocurrency space and preventing the use of cryptocurrencies for illegal activities. Senators involved in cryptocurrency market structure legislation have been invited to the meeting.

ChainCatcher news, Argo Blockchain, a cryptocurrency mining company, will be taken over by its largest creditor Growler Mining through a "debt-for-equity" swap, with existing shareholders retaining only a minimal percentage of shares. According to the restructuring documents submitted under the UK Companies Act, Growler will convert approximately $7.5 million of secured loans into equity and inject new funds in exchange for 87.5% of Argo's equity post-restructuring. Holders of Argo's approximately $40 million unsecured bonds will collectively receive 10% of the shares, while original shareholders will retain only 2.5%. The restructuring plan is named "Project Triumph," aimed at avoiding bankruptcy and maintaining the company's listing status on Nasdaq.

ChainCatcher news, according to Cointelegraph, cryptocurrency mining company Argo Blockchain's largest lender, Growler Mining, is taking over the struggling miner through a debt-to-equity swap plan.Under this plan, existing shareholders will only retain a small portion of the company's equity. The restructuring proposal submitted under the UK Companies Act shows that Growler will convert a $7.5 million secured loan into equity and provide additional financing in exchange for 87.5% of Argo's equity after restructuring. Meanwhile, holders of $40 million in unsecured bonds will receive 10% equity, while existing shareholders will retain only 2.5%. This transaction is part of the court-supervised "Project Triumph" restructuring plan, aimed at avoiding bankruptcy and maintaining its listing on Nasdaq. Argo warned that without a balance sheet restructuring, the company would go bankrupt due to cash flow and balance sheet issues.Additionally, Argo will delist from the London Stock Exchange, ending its six-year listing in the UK. If compliance conditions are met, its shares will continue to trade on Nasdaq, and the company's capital market focus will fully shift to the United States. Due to aging equipment and high energy consumption, Argo's daily Bitcoin production has plummeted from nearly 6 coins in 2022 to less than 2 coins in 2024, significantly reducing profitability.

ChainCatcher news, according to Jin10 reports, major U.S. bank stocks are generally down in pre-market trading, with Bank of America down over 3%, Citigroup down 1.7%, Goldman Sachs and Wells Fargo both down about 1.4%, and JPMorgan Chase down over 1%.

ChainCatcher news, according to Jinshi reports, Wells Fargo expects the Federal Reserve to cut interest rates five times before mid-2026.