Highlights in the meme coin market, including SHIB, center on Wintermute's proposal to the SEC regarding network tokens, the launch of Dogecoin's Treasury, and expanding institutional inflows into Ethereum. These fundamentals bring multifaceted impacts, encompassing regulatory uncertainty, ecosystem maturation, and institutional interest. The market currently displays a neutral bias, and future trends warrant careful monitoring.

・Wintermute Urges SEC Not to Classify Network Tokens as Securities This move highlights a critical point in the crypto regulatory framework and could influence future market direction. Should the SEC accept Wintermute's argument and provide clear guidance that network tokens are not considered securities, it would alleviate legal uncertainty for numerous token issuance projects and related companies. This could, in turn, stimulate investment in innovation and enhance overall market credibility. Conversely, if the SEC rejects this proposal, certain token projects may face confrontation with regulators, potentially impacting market sentiment negatively. Meme coins like SHIB, often characterized by ambiguous utility and regulatory standing, could be particularly sensitive to such regulatory developments. ・Dogecoin's First Official Treasury Launched, Impacting SHIB The launch of Dogecoin's Treasury marks a notable development within the meme coin ecosystem. It signifies the maturation of Dogecoin's community-driven governance and economy, potentially serving as a reference for other meme coin projects, particularly SHIB, when considering similar structures and incentive designs. By contributing to a project's long-term sustainability and securing development funding, the Treasury could positively influence investor sentiment. The SHIB community might also enhance the project's credibility and sustainability by introducing a comparable mechanism, potentially boosting its price. ・Ethereum's Custody and Staking Services for Institutional Investors Expand Anchorage Digital's commencement of custody and staking services for Starknet's native token, STRK, suggests diminishing barriers for institutional investors entering the DeFi space. This can be interpreted as a growing interest from institutional players in the broader Ethereum ecosystem. Increased demand for Ethereum staking could reduce ETH liquidity, creating upward price pressure. As SHIB is built on the Ethereum blockchain, the growth of the overall Ethereum ecosystem and the influx of institutional capital could indirectly benefit SHIB positively. ・Increased Bitcoin Miner Production (Riot Platforms, CleanSpark) The rise in Bitcoin miner production volumes indicates intensified mining competition, leading to enhanced network security. This serves as an indicator of the overall health of the Bitcoin ecosystem and reflects the dynamism within the broader cryptocurrency industry. As SHIB does not offer direct mining rewards, this news is unlikely to have a direct impact on its price. However, the strength of the mining sector could boost investment appetite across the cryptocurrency market, potentially indirectly driving capital inflow into SHIB. ・Coinbase CEO Aims to Increase AI-Generated Code Ratio to 50% Coinbase CEO's objective to raise the proportion of AI-generated code signals an acceleration in AI adoption within the tech industry. Leveraging AI can contribute to improved development efficiency, cost reduction, and the creation of new features. The application of AI technologies in SHIB's development could expedite progress and enable the implementation of more advanced functionalities. This might enhance investor confidence in the SHIB project's future prospects, potentially leading to a positive price impact. ・Bitcoin's "Euphoria Phase" Cools, $112,000 Identified as Key Level The adjustment in Bitcoin's price affects overall market sentiment. If Bitcoin shows resilience and bounces back from a key support level, it could instill confidence across the market and encourage capital inflows into altcoins. Altcoins like SHIB tend to move in strong correlation with Bitcoin's performance, making Bitcoin's stabilization a positive factor for SHIB's price appreciation. Conversely, if Bitcoin continues its downward trend, SHIB is likely to follow suit. ・Proposal Submitted to SEC Crypto Task Force Regarding Quantum Computing Countermeasures Concerns regarding the security risks posed by quantum computing to digital assets are a significant long-term consideration. Progress in developing countermeasures against these risks enhances the overall sustainability of the crypto ecosystem. Since SHIB could potentially face quantum computing attack risks in the future, advancements in this area indirectly relate to SHIB's future security. While the immediate price impact is likely limited, progress in security measures could be a positive factor from a long-term perspective. ・$300 Million Outflow from Ethereum Spot ETFs Outflows from Ethereum spot ETFs exert downward pressure on the short-term ETH price. However, given that these outflows represent only 1.3% of the total assets under management for these ETFs, the impact on the broader market may be limited. The price trend of ETH influences SHIB, an ERC-20 token. Weakness in ETH prices could dampen investment appetite for SHIB. Nevertheless, positive signals from the derivatives market or robust activity within the SHIB community might potentially offset this impact. ・Ethereum Exchange Holdings Hit 3-Year Lows The reduction in Ethereum exchange holdings suggests significant accumulation of ETH by stakers and institutional investors, indicating a tightening supply and creating upward price pressure for ETH. The increased activity within the Ethereum ecosystem could serve as a tailwind for SHIB. Growing demand for Ethereum might also heighten interest in ERC-20 tokens like SHIB. This effect could be amplified if SHIB leverages Ethereum's Layer 2 solutions to reduce gas fees, making it more user-friendly. Overall Summary The need for clearer regulatory guidance on network tokens from authorities, the maturation of ecosystems demonstrated by Dogecoin's Treasury launch, and the expanding interest from institutional investors in the Ethereum ecosystem are factors that could influence the meme coin market, including SHIB. Enhanced development efficiency through AI adoption and shifts in market sentiment during Bitcoin's correction phase will also shape SHIB's price trajectory. From a long-term standpoint, advancements in security, such as readiness for quantum computing, are crucial for bolstering market confidence.

Regulators' stance towards network tokens, particularly decisions by the SEC, impacts SHIB's future positioning, posing a downside risk. Outflows from Ethereum ETFs and corrections in the Bitcoin market could also indirectly worsen market sentiment. SHIB's inherent volatility and its nature as a meme coin are additional factors heightening the risk of short-term price fluctuations. Maintaining key support levels is crucial for preventing further declines.

Over the next 24-48 hours, SHIB is projected to trade sideways, mirroring Bitcoin's price action and influenced by regulatory developments. In the medium term, a gradual uptrend is possible, contingent upon Bitcoin stabilizing and positive news emerging from the Ethereum ecosystem. The integration of AI technology and active community engagement could serve as significant catalysts for SHIB. Clear guidance from regulators will likely be the primary determinant of the market's direction.

The SHIB market is currently navigating a neutral range, shaped by the complex interplay of regulations, ecosystem development, and macroeconomic factors. Initiatives like Wintermute's engagement with the SEC and the launch of Dogecoin's treasury signal an evolution within the meme coin sector, potentially offering positive long-term implications. While Bitcoin's correction phase and outflows from Ethereum ETFs may act as headwinds for short-term sentiment, ongoing ecosystem growth is expected to provide underlying support. Technically, indicators suggest a continued lack of clear direction; the RSI remains in neutral territory, and the MACD shows no significant trending signals. Our recommended investment strategy involves avoiding substantial position builds at present. Instead, consider scaling into positions near support levels or entering trades only after a confirmed breakout occurs. Specifically, potential entry points include the support zone between $0.000023-$0.000024, and adding to positions on a confirmed move above $0.000027. Profit targets are set at $0.000026-$0.000027 for the short term and $0.000030 for the medium term. Crucially, implementing stop-losses below $0.000022 is advised to manage risk effectively. Key catalysts to monitor moving forward include clear guidance from regulators, further expansion of the Ethereum ecosystem, and robust activity from the SHIB community. Close observation of shifts in market sentiment will be vital for success. Despite persistent market uncertainty, opportunities can be captured through a long-term perspective and diligent risk management. Proceed with optimism and a well-defined strategy.