Expansion of Bitcoin ETF options for institutional investors, launch of Solana (SOL) and XRP options on the CME, and regulatory easing are providing tailwinds for Avalanche (AVAX). Inflows into DePIN projects and Nvidia's AI investments are also heightening expectations for the Solana ecosystem, contributing to a generally bullish market sentiment.

・Expansion of Bitcoin ETF Options Trading in the US The SEC's approval of options trading for Bitcoin ETFs signifies the availability of more diverse strategies for institutional investors. This is expected to enhance liquidity and strengthen the price discovery mechanism within the Bitcoin market. The expansion of options trading allows for hedging strategies and speculative trading, potentially diversifying market participants and contributing to Bitcoin's price stabilization. Furthermore, this signals Bitcoin's increasing integration into traditional financial markets, potentially laying the groundwork for long-term price appreciation. Altcoins like AVAX may also benefit from improved sentiment in the overall Bitcoin market and the development of more sophisticated derivative markets. ・CME Launches Solana and XRP Futures Options CME's launch of futures options for Solana (SOL) and XRP (XRP) indicates that these altcoins are increasingly recognized as accessible and tradable asset classes for institutional investors. This could enhance trust in the Solana ecosystem and attract greater liquidity. Solana continues to be an attractive platform for institutional investors due to its scalability and vibrant developer community. This move may further accelerate Solana's adoption and positively impact the price of its native token, SOL. *[Translator's Note: The original Japanese text mentioned AVAX here, which is the native token of Avalanche, not Solana. The translation reflects the original text's mention of AVAX.]* ・Australia Eases Licensing Exemptions for Stablecoin Issuance The Australian regulatory authority's relaxation of licensing requirements for stablecoin issuance is a significant step towards promoting the usage and adoption of stablecoins. This will facilitate the trading and utilization of stablecoins within Australia, boosting the growth of the digital asset ecosystem. In particular, US dollar-pegged stablecoins like USDC are expected to see increased use as a means of value storage and remittance. This regulatory easing could also contribute to the development of stablecoin-based applications, such as those in the DePIN (Decentralized Physical Infrastructure Networks) sector, potentially fostering innovation in areas related to AVAX. ・SEC Approves First US ETPs Covering Multiple Cryptocurrencies The SEC's approval of Exchange-Traded Products (ETPs) covering multiple cryptocurrencies, such as Grayscale's Digital Large Cap Fund (GLDC), suggests a growing openness among US regulators towards financial products offering exposure to diverse digital assets. As this ETP offers a basket of major cryptocurrencies including Bitcoin, Ethereum, XRP, Solana, and Cardano, it makes it easier for institutional investors to build more diversified portfolios. Solana's inclusion in this ETP could indirectly boost demand for AVAX from institutional investors. ・Smart Money Inflow into the DePIN Sector The DePIN (Decentralized Physical Infrastructure Networks) sector is attracting significant attention from smart money (experienced investors allocating capital), particularly in emerging markets, indicating the sector's future potential. DePIN aims to decentralize physical infrastructure (e.g., storage, computing power, wireless networks) using blockchain technology, with its market size projected to reach $3.5 trillion by 2028. The Solana blockchain offers a favorable foundation for DePIN projects due to its scalability and low-cost transactions. This trend could directly impact AVAX's growth. ・Nvidia Invests in UK AI Infrastructure Company The news that Nvidia is investing $683 million in Nscale, a UK-based AI infrastructure firm spun off from a cryptocurrency mining company, highlights the increasing convergence of AI and blockchain technology. The advancement of AI requires more powerful computing resources, which benefits blockchain networks, especially those leveraging GPUs like Solana. Nvidia's continued focus on the AI sector could drive investment into AI-related blockchain projects, potentially expanding the adoption of platforms like AVAX. ・DBS, Franklin Templeton, and Ripple Announce Tokenized Lending Services The partnership between DBS Bank, Franklin Templeton, and Ripple to launch tokenized lending services on the XRP Ledger signifies the expansion of digital asset services targeting institutional investors. This collaboration involves leveraging tokenized money market funds and stablecoins to offer solutions that address market volatility. Solana, with its technological capabilities and ecosystem, also holds potential as a foundation for similar tokenization platforms and DeFi applications. Such expansion of institutional-grade services can enhance the credibility of the overall cryptocurrency market, potentially driving capital inflows into AVAX. Overall Summary Several factors, including regulatory easing, increased institutional participation, and the convergence of AI and blockchain, are showing signs of positively impacting the broader cryptocurrency market, particularly the Solana ecosystem. The launch of options trading for Solana and XRP by the CME could increase the acceptance of these altcoins among institutional investors, potentially stimulating demand for AVAX. The growth of the DePIN sector and Nvidia's investments in AI are expected to further highlight Solana's technological advantages and support the long-term growth of AVAX.

Overbought RSI and breaching the upper Bollinger Band suggest a risk of short-term correction. Profit-taking and worsening market sentiment are also points to watch. Key support levels are the recent low of $28 and the psychological level around $30.

In the short term, a correction or sideways movement is expected following overbought conditions indicated by relevant indicators. Medium-term prospects appear positive, potentially bolstered by the launch of CME SOL/XRP options and developments in the DePIN sector. Key catalysts to watch include institutional inflows and advancements within the Solana ecosystem.

The AVAX market outlook is bullish, underpinned by strong fundamentals including institutional adoption, regulatory easing, and the integration of AI and blockchain technologies. Factors such as the expansion of US BTC ETF options, the launch of CME SOL/XRP options, inflows into DePIN, and Nvidia's AI investments are contributing to increased liquidity for Solana. Technically, an RSI of 79.3 (indicating overbought territory) and breaching the upper Bollinger Band suggest potential short-term correction risks, although fundamentals provide underlying support. Strategic entry points are advised at the $32 support level, or on a pullback to $30. A breakout above $35 targets $40 and $45. Target take-profits between $37-$38, with a stop-loss set below $30. Implement strict risk management and maintain vigilant market monitoring to secure profits. AVAX's continued innovation and ecosystem growth promise compelling opportunities ahead.