Key highlights today focus on Solana's bullish signals and institutional inflows, Bitcoin's weekly close and fee reductions, and LSEG's launch of its blockchain platform. The market exhibits a neutral-to-slightly-bullish bias, underpinned by these positive fundamentals. However, regulatory uncertainty warrants caution.

・Solana Confirms Bullish Signal That Preceded a 1,300% Rally Solana's Supertrend indicator is flashing a 'buy' signal, which has historically preceded parabolic price surges. However, resistance near $250 and overbought conditions suggest a risk of a retest towards $220. While this bullish signal could drive further price appreciation for Solana (SOL), caution is warranted due to potential short-term correction risks. ・London Stock Exchange Launches Blockchain Platform for Private Funds The London Stock Exchange Group (LSEG), in collaboration with Microsoft, has launched 'Digital Markets Infrastructure (DMI),' a blockchain-based platform designed for private funds. This initiative marks a first for a global exchange, providing support for the entire lifecycle of digital assets, from issuance and tokenization to settlement. This move is poised to accelerate the adoption of blockchain technology within traditional financial markets, thereby enhancing the credibility of digital assets. The application of blockchain in the specialized area of private funds, in particular, may encourage further institutional investor participation in the future, contributing to the overall maturation of the crypto market. ・Bitcoin Core Reduces Default Minimum Relay Fee by 90% The release of Bitcoin Core 29.1 introduces a significant change, reducing the default minimum relay fee for transactions by 90%, from 1 sat/vB down to 0.1 sats/vB. This marks one of the most impactful shifts concerning economical fund movement on the Bitcoin network in recent years. The fee reduction is expected to improve the feasibility of small-value transactions, potentially stimulating network utilization. This broadening of Bitcoin's use cases could emerge as a contributing factor to long-term price appreciation. ・Second-Generation Stablecoins Create Needed Industry Utilities Whereas first-generation stablecoins focused on implementing a 'digital dollar' on the blockchain, second-generation stablecoins introduce novel utilities such as yield generation, rebasing, and integrated liquidity pools. These advancements indicate a shift for stablecoins from merely serving as stores of value to becoming instruments for active yield generation and liquidity provision. This evolution is anticipated to foster the expansion of the overall DeFi ecosystem and enable the implementation of more diverse investment strategies. ・Nasdaq-listed Helius Announces $500 Million Funding for Solana Treasury Nasdaq-listed Helius Medical Technologies is establishing a $500 million corporate treasury reserve leveraging Solana. This initiative stands as one of the largest treasury efforts specifically focused on the Solana ecosystem. Such substantial funding highlights a strong commitment from institutional investors towards Solana, reinforcing confidence in its technological advantages and future prospects. Consequently, development activity on the Solana blockchain is expected to accelerate, driving growth across the entire ecosystem. ・Bitcoin and Solana ETPs Drive $3.3 Billion Rebound in Crypto Inflows Crypto investment products experienced a resurgence last week, as exchange-traded products (ETPs) tracking Bitcoin, Ether, and Solana recorded significant inflows, reversing a recent trend of outflows. Global crypto ETPs collectively attracted $3.3 billion in inflows over the past week, bringing Assets Under Management (AUM) close to $239 million, nearing the previous all-time high recorded in August. These institutional inflows into ETPs signal an improvement in overall market sentiment and heightened demand for major cryptocurrencies. Notably, the inflows into Solana ETPs align with recent positive news flow, bolstering expectations for price appreciation. ・France Suggests Blocking Crypto Firms Licensed in Other EU Nations France has indicated a potential policy to block cryptocurrency firms licensed in other European Union member states from operating within its borders. This raises concerns regarding potential enforcement gaps in the EU's overarching crypto regulatory framework. Such regulatory uncertainty could introduce risk factors for businesses operating or expanding within the crypto sector across the EU. Hurdles imposed by a major economy like France might specifically impede progress toward regulatory harmonization across the bloc, potentially exacerbating market uncertainty. ・Polkadot DAO Approves Tokenomics Change, Capping DOT Supply at 2.1 Billion Tokens Polkadot's Decentralized Autonomous Organization (DAO) has approved a measure to institute a hard cap on the supply of its native token, DOT, limiting the maximum supply to 2.1 billion DOT. This represents a significant departure from the network's prior inflationary model. By enhancing token scarcity, this adjustment holds the potential to drive long-term value appreciation. Implementing a supply cap is generally viewed favorably by investors, as it increases predictability and mitigates inflation-related risks. ・Traders Say Bullish Bitcoin Weekly Close Sets Path to $120K BTC Price Bitcoin's weekly closing price surpassing $115,000 indicates strong bullish momentum. Analysts suggest that a potential bull flag breakout for BTC could catalyze a rally towards $120,000. According to market analysts, Bitcoin (BTC) may experience further upside in the immediate future, following the BTC/USD pair's completion of its second consecutive week closing above the $115,000 mark. This robust technical signal is expected to attract greater institutional interest and enhance overall market confidence. Achieving the $120,000 level could potentially onboard new investor segments, thereby reinforcing positive market sentiment. ・Bank of England Faces UK Crypto Group Criticism Over Stablecoin Caps A prominent UK-based cryptocurrency trade organization has formally requested the Bank of England refrain from implementing proposed caps on individual stablecoin holdings. The industry has voiced concerns that such limitations could potentially restrict the liquidity and overall usability of stablecoins. This issue is particularly pertinent given the UK's ambition to establish itself as a leading crypto regulatory hub within Europe; imposing such restrictions could potentially undermine this strategic objective. ・Overall Summary Major cryptocurrencies such as Solana, Bitcoin, and Polkadot are seeing heightened expectations for price appreciation, driven by bullish signals, capped supply mechanisms, and substantial institutional inflows. However, regulatory uncertainty within the EU and certain regulatory proposals concerning stablecoins remain factors contributing to market uncertainty. Overall, while technological innovation and institutional adoption are driving market growth, regulatory developments warrant continued attention.

Regulatory risks, such as fragmentation across the EU (exemplified by France's stance) and the UK's proposed stablecoin cap, are primary factors. Solana faces resistance at the $250 level, and a potential retest of $220 should be considered. Sharp changes in overall market sentiment and macroeconomic factors also present downside risks. While key support levels are difficult to pinpoint due to their reliance on market data, caution is warranted regarding any deterioration in broader market sentiment.

Based on current market data, the next 24-48 hours are expected to see continued consolidation. Over the coming week, a break above $250 for Solana could sustain the current uptrend, potentially reinforcing Bitcoin's trajectory towards $120,000. However, regulatory developments in the EU and the UK could impact market sentiment. Key catalysts to watch include further institutional investor adoption and clear guidance from regulators.

Today's market displays a cautiously optimistic sentiment, supported by positive fundamentals including strong technical signals and substantial institutional inflows for Solana, Bitcoin's weekly close and fee reduction, and the launch of a blockchain platform by LSEG. However, a lack of clear short-term directionality is evident, with the Relative Strength Index (RSI) remaining in neutral territory and the Moving Average Convergence Divergence (MACD) lacking a definitive crossover. For investment strategy, we recommend partial profit-taking near $118,000 for Bitcoin if it sustains support in the $110,000-$112,000 range, while implementing a trailing stop-loss at $110,000. Regarding Solana, consider accumulating within the $240-$250 range, anticipating further upside upon a confirmed breakout past $250, with a stop-loss set below $220. Crucial monitoring points include regulatory developments in France and the UK, as well as key macroeconomic indicators, as these factors represent potential catalysts for market volatility. Despite these uncertainties, the increasing maturity of the digital asset market and growing institutional interest provide robust foundations for long-term growth. Diligent risk management, continuous information gathering, and a strategic investment approach are paramount to navigating this dynamic market and capturing opportunities. The outlook remains bright, suggesting that prudent investments are likely to yield consistent returns.