Key fundamental developments, including Visa's stablecoin integration, Animoca Brands' equity tokenization, and regulatory clarity for DePIN, signal increased institutional confidence and the expansion of Web3 use cases. While these factors enhance the potential for indirect benefits and capital inflows to the DOT ecosystem, current price action remains neutral. The long-term growth foundation is strengthening, positioning the overall market bias as neutral to slightly bullish.

・Visa Launches Stablecoin Pilot for Cross-Border Payments Using USDC and EURC Visa's pilot test for cross-border payments utilizing stablecoins marks a significant step in increasing trust in digital assets among traditional financial institutions, thereby promoting institutional investor entry. This expands the use cases for stablecoins, holding the potential to streamline existing systems, particularly in the international remittance market. This offers indirect support to underlying blockchain technologies like DOT, potentially contributing to improved liquidity and increased adoption of DOT. ・Web3 Investment Firm Animoca Brands' Shares to be Tokenized on Solana The tokenization of Animoca Brands' shares serves as a key case study in the tokenization of real-world assets (RWA). Being deployed on the Solana blockchain allows a broader range of investors to invest in leading Web3 companies like Animoca Brands. This will lead to the revitalization of the overall Web3 ecosystem and potentially stimulate capital inflows into other blockchain platforms, including DOT. Notably, the tokenization of RWAs is a crucial element in enhancing the credibility and maturity of the digital asset market. ・SEC Views DePIN Tokens as Outside Its Jurisdiction The U.S. Securities and Exchange Commission's (SEC) determination that DePIN (Decentralized Physical Infrastructure Networks) tokens fall outside its jurisdiction is likely to accelerate investment in the DePIN sector. DePIN leverages blockchain technology for building real-world infrastructure, and its growth drives demand for infrastructure-related digital assets. This presents an opportunity for DOT to strengthen partnerships with DePIN projects, potentially leading to the expansion of the DOT ecosystem and an increase in DOT's price. Regulatory clarity is extremely important for improving investor sentiment. ・Kazakhstan Partners with Binance to Launch First State-Backed Cryptocurrency Reserve Kazakhstan's partnership with Binance to launch a state-backed cryptocurrency reserve demonstrates national-level trust and acceptance of digital assets. The adoption of BNB for the reserve further enhances confidence in the Binance ecosystem. Such national-level initiatives can improve the credibility of the cryptocurrency market as a whole and attract institutional investor interest. Major blockchain platforms like DOT can also expect their value and stability to increase through national-level adoption. ・Bitcoin Rises as MicroStrategy Acquires 7,000 BTC; Stablecoins Exceed $295 Billion The news that MicroStrategy, led by Michael Saylor, acquired over 7,000 BTC signals continued institutional engagement with Bitcoin. This enhances expectations for price stabilization and long-term growth. Furthermore, the total supply of stablecoins exceeding $295 billion suggests increased liquidity in the overall crypto market and capital inflows into the Decentralized Finance (DeFi) ecosystem. As DOT is also active in the DeFi space, this overall market liquidity increase could positively impact DOT. ・SEC Temporarily Suspends Trading of Crypto Custodian Firm QMMM The SEC's temporary suspension of trading for QMMM indicates intensified scrutiny from regulators. This serves as a reminder of the importance of compliance and transparency in the crypto market, posing a risk factor for some companies. However, in the long term, the maturation of regulatory frameworks may lead to the healthy growth of the overall market. Within the DOT ecosystem, regulatory compliance is essential for sustainable development, making this a trend that DOT projects should also monitor. ・Bitcoin Bottom at $108,000? Analysis Suggests Worst May Be Over, Citing Three Reasons Analysis suggesting that $108,000 could be the bottom for Bitcoin brings an optimistic outlook to market participants. This raises expectations for Bitcoin's price recovery, potentially having a positive influence on investor sentiment towards other altcoins, especially major ones like DOT. Analysis based on historical data is important for understanding market cycles and serves as a reference for institutional investors seeking price bottoms. Overall Summary News such as Visa's stablecoin implementation and the tokenization of Animoca Brands' shares indicates a convergence of traditional finance and Web3, expanding the credibility and use cases of the overall crypto market. The SEC's regulatory determination regarding DePIN tokens is expected to stimulate investment in new sectors. These developments are poised to bolster capital inflows and technological advancements in major blockchain ecosystems, including DOT, strengthening the foundation for long-term price appreciation. On the other hand, intensified regulatory scrutiny continues, and the balance between healthy market development and investor protection will be the focus moving forward.

The SEC's suspension of QMMM trading underscores the risk of increased regulatory scrutiny. Deteriorating market sentiment and potential rapid liquidations could exert downward pressure, warranting vigilance. The critical support level is near the recent low around $4.00; close monitoring of regulatory developments and macroeconomic indicators is essential.

In the short term, a bearish MACD signal and range-bound trading are likely to continue. However, positive fundamental factors are expected to provide support, making excessive pessimism unwarranted. In the medium term, a shift towards a gradual uptrend can be anticipated, driven by advancements in the Web3 space and growing institutional interest.

**Conclusion:** Based on our comprehensive analysis, the DOT market is currently assessed to be in a neutral phase within a ranging market. While positive fundamental developments, such as Visa's stablecoin initiatives and Animoca Brands' equity tokenization, provide underlying support, risk factors including a bearish MACD crossover and heightened regulatory scrutiny persist. **Assessment: Neutral** **Action Plan:** * **Entry:** Prudent entry is advised after a decisive breakout above the $4.20 resistance level, or upon confirmation of a strong bounce near the $3.80 support. * **Profit Targets & Stop-Loss:** Short-term profit targets are set at $4.20, with mid-term targets at $4.50. Stop-losses must be strictly maintained below $3.80. **Weekly Strategy:** Maintain $3.80 as key support and $4.50 as notable resistance. Focus on a potential breakout above $4.20 or a breakdown below $3.80 to identify strategic trading opportunities. **Risk Management:** Constant attention should be paid to regulatory developments, correlation with Bitcoin, and significant changes in trading volume. Despite market uncertainties, the ongoing development of the Web3 ecosystem and increasing institutional adoption suggest significant long-term growth potential for DOT. Through disciplined analysis and the execution of a clear entry/exit strategy, consistent profits can be realized in this market.