The market today revealed several positive fundamental drivers, including the convergence of Artificial Intelligence (AI) and blockchain, the expansion of stablecoins, and the inherent strength of the BNB ecosystem. However, LINK's market data suggests neutral momentum and consolidation near recent lows. While the overall market bias is neutral, continued attention is warranted towards macroeconomic liquidity and regulatory uncertainties.

・Nasdaq-listed Flora Growth raises $401 million and rebrands to ZeroStack to support blockchain "0G" for AI infrastructure The news that Nasdaq-listed Flora Growth has raised $401 million to support "0G," a blockchain project focused on decentralized AI infrastructure, and has rebranded to ZeroStack, signals progress in the convergence of blockchain technology and AI. Utilizing blockchain in AI infrastructure has the potential to enhance data transparency, security, and decentralization, thereby improving the trustworthiness of AI models' training data and operational processes. This move could accelerate the adoption of blockchain technology in the AI sector and increase interest in related projects. However, building AI infrastructure requires a long-term perspective, and the immediate market impact might be limited in the short term. In the long run, the synergy between AI and blockchain could create new use cases and contribute to the value appreciation of related tokens. ・CZ's YZi Labs expands investment in stablecoin issuer Ethena The news that YZi Labs, a venture capital firm backed by Changpeng Zhao, has expanded its investment in stablecoin issuer Ethena indicates growth in the stablecoin market and increased infrastructure investment towards its mainstreaming. Ethena's stablecoin, USDe, is progressing with its deployment on BNB Chain, the development of its USDtb stablecoin, and the institutional payment layer "Converge." These initiatives could contribute to the expansion of the DeFi ecosystem and the establishment of more efficient payment systems. Specifically, the deployment of USDe on BNB Chain may promote liquidity provision within the BNB ecosystem, potentially impacting the BNB price positively. Furthermore, the development of the institutional payment layer suggests further penetration of blockchain technology into financial markets, which could enhance the overall trustworthiness and liquidity of the cryptocurrency market in the long term. ・BNB surges over 10% despite sluggish weekend market, potential for $1,250-$1,565 by year-end The analysis suggesting BNB has risen over 10% despite sluggish weekend market conditions, with projections of $1,250-$1,565 by year-end, indicates a strong upward trend for BNB and positive sentiment surrounding the Binance ecosystem. Driven by bullish outlooks from breakout patterns and on-chain data, BNB has maintained independent price appreciation. This suggests that increased usage of the Binance platform and the growth of the DApp ecosystem on BNB Chain (formerly Binance Smart Chain) are being well-received. Notably, BNB Chain continues to attract numerous projects and users, supporting demand for BNB. While the year-end target prices are contingent on overall market sentiment and macroeconomic conditions, they appear achievable if BNB can sustain and expand its robust ecosystem. ・"Diamond hand" APX holders turn $226,000 into $7 million in ASTOR swap rally The news that APX tokens surged, turning $226,000 into $7 million in an ASTOR swap rally, highlights the high return potential within the cryptocurrency market, while simultaneously underscoring the extremely high volatility and inherent risks. This surge is likely attributable to speculative capital inflows into the specific token and its limited supply. Such dramatic price movements emphasize short-term market frenzy and the success stories of some investors, but for many retail investors, they entail significant risk of losses. Therefore, this news serves less as a direct market impact and more as a reminder of the importance of risk management in investment strategies. ・Bitcoin mining difficulty hits record high, raising centralization concerns The news that Bitcoin's mining difficulty has reached a new all-time high indicates the health of the Bitcoin network's security and decentralization, although some concerns about centralization have also been raised. The increase in mining difficulty signifies that more mining hardware is participating in the network, leading to a rise in hash rate, which supports the robustness of the Bitcoin network. However, some reports point to a concentration of mining power among major mining pools, raising concerns about potential future centralization risks. While it's unlikely that this difficulty increase will directly impact Bitcoin's price at this moment, any signs of increasing centralization in the long term could undermine Bitcoin's fundamental value proposition as a decentralized asset, potentially leading to negative price effects. ・Ethereum co-founder Vitalik Buterin suggests low-risk DeFi could support Ethereum like Google Search Ethereum co-founder Vitalik Buterin's mention of the potential for low-risk DeFi protocols to bring economic stability to the Ethereum network suggests the importance of sustainable revenue models within the Ethereum ecosystem. The growth of DeFi, particularly in relatively low-risk sectors like lending and staking, could lead to stabilization of network fees and provide incentives for developers. This could foster Ethereum's long-term growth and the proliferation of broader applications. If low-risk DeFi proves successful, it could drive increased network usage on Ethereum, potentially leading to higher demand for ETH. ・Cryptocurrency cannot wait for "perfect regulation" An opinion piece arguing that cryptocurrency should not wait for "perfect regulation" highlights the current situation where regulatory uncertainty continues to hinder industry growth. The observation that market size in areas with significant potential, such as the tokenization of Real World Assets (RWA), remains smaller than expected due to regulatory ambiguity is particularly important. Delayed responses from regulatory authorities could stifle innovation and increase investor risk aversion. If this situation persists, it may not only suppress the healthy growth of the overall cryptocurrency market but also lead to opportunity loss, with capital potentially flowing to markets with clearer regulations or the traditional financial system. ・Arthur Hayes predicts crypto market to enter "up-only" mode when US Treasury TGA balance hits $850 billion Arthur Hayes' prediction that the cryptocurrency market will enter an "up-only" mode when the US Treasury General Account (TGA) balance reaches $850 billion suggests the importance of liquidity in financial markets. The increase in the TGA balance signifies funds being temporarily withdrawn from the market, and the view is that once this process is complete, funds will flow back in, leading to a rise in asset prices. If this view holds true, accelerating inflows into the cryptocurrency market, particularly Bitcoin, could be expected as the TGA balance approaches the target, potentially boosting price appreciation. However, this forecast is heavily influenced by other factors such as macroeconomic trends and the Federal Reserve's monetary policy, making it risky to judge the entire market based on a single indicator. 【Overall Summary】 Today's cryptocurrency market saw multiple positive news items, including the convergence of AI and blockchain, the expansion of the stablecoin market, and the growth of the BNB ecosystem. On the other hand, challenges such as concerns about centralization related to rising mining difficulty and regulatory uncertainty remain. These factors interplay, resulting in a market that maintains short-term volatility while also building positive anticipation for medium-to-long-term growth.

Regulatory uncertainty and macroeconomic fluctuations pose risks that could slow overall market growth. Technically, LINK's current price of $23 represents a key support level; a break below this level could trigger further declines. Neutral readings on the RSI and MACD suggest weak buying pressure, heightening downside risk. Key factors to monitor include trends in the US Treasury General Account balance and concerns regarding Bitcoin mining centralization.

For the short-term outlook (24-48 hours), LINK is expected to continue consolidating within the $23-$24 range, supported by neutral indicators. In the medium-term (over the next week), a break above the $25 resistance level on significant volume could trigger a rally towards the $27-$30 range. Key catalysts to watch include potential liquidity injections into the market stemming from an increase in the US Treasury General Account (TGA) balance, alongside positive developments within the LINK ecosystem.

The LINK market is currently consolidating with a neutral bias. While fundamentals surrounding AI/blockchain, stablecoins, and the BNB ecosystem remain positive, LINK's technical indicators lack clear directional signals. **Strategy:** Wait for a breakout above $25 for entry, or consider entering on a pullback to the $20-$21 range. Set profit targets at $27-$30, with a stop-loss positioned around $22. This week, focus on TGA reserves and market liquidity. Disciplined risk management and analysis are key to success. Let's capture opportunities with a steady approach.