While concerns over stricter EU regulations introduce uncertainty into the market, ADA's bullish outlook and progress in DeFi and tokenization are fostering positive sentiment overall. Bitcoin's long-term holding trend provides underlying support. The current market bias is neutral, but attention should be paid to the correlation between regulatory trends and the altcoin market.

・EU Includes Crypto Platforms in Russian Sanctions Package The EU's inclusion of cryptocurrency platforms in its sanctions package against Russia for the first time suggests further regulatory intervention in the crypto industry. This may impact platforms and users conducting Russia-related transactions through enhanced compliance measures or restrictions on usage. While meme coins like SHIB might face limited direct impact, this could heighten concerns about overall regulatory risks in the market. ・France May Block Companies with EU Crypto Licenses France's indication that it may block companies acquiring crypto licenses within the EU raises questions about regulatory consistency across the bloc. Amid the introduction of the MiCA (Markets in Crypto-Assets) regulation, moves by member states to strengthen regulations based on their own judgments increase operational uncertainty for businesses. For SHIB, while the direct impact may be minimal, concerns arise regarding its business expansion in the European market and the subsequent indirect effects on liquidity. ・Cardano (ADA) Price May Target $1.25 Cardano's bullish technical indicators and record-high open interest suggest growing speculative interest in ADA. Such price increases in altcoins can improve overall market sentiment, potentially having a positive spillover effect on other altcoins like SHIB. Investors should closely monitor ADA's movements to assess the potential impact on SHIB. ・Bitcoin's Liquid Supply Hits Record Highs Amidst Accumulation by Large Investors The fact that Bitcoin's liquid supply has reached record highs, coupled with accumulation by large investors, indicates long-term market health. This suggests that more investors view Bitcoin as a long-term holding asset, potentially contributing to market stabilization. Altcoins like SHIB might experience more stable price appreciation, driven by Bitcoin's robust foundation. ・Kraken Partners with Trust Wallet to Expand Tokenized Stock Offerings Kraken's partnership with Trust Wallet to broaden its offering of tokenized stocks demonstrates the progress in tokenizing traditional financial assets. This signifies the expansion of the crypto ecosystem, providing more diverse investment opportunities. While SHIB is not directly impacted, such advancements in financial infrastructure can enhance the overall credibility of the cryptocurrency market and attract new investor demographics. ・Bhutan Government Moves $107 Million Worth of Bitcoin The Bhutan government's movement of a significant amount of Bitcoin has led to speculation about potential short-term selling pressure. However, given the scale of their holdings, a long-term holding intention is also plausible. While this transaction may fuel market speculation, it is unlikely to have a direct impact on the prices of altcoins like SHIB. ・PayPal Expands PayPal USD (PYUSD) Across Eight Blockchains, Including Tron and Avalanche PayPal's expansion of PYUSD across multiple blockchains signifies a major step towards stablecoin adoption and enhanced convenience. This move facilitates smoother payments within the crypto ecosystem, potentially lowering the barrier to entry for both institutional and retail users. SHIB could benefit from the increased liquidity in the overall crypto market driven by PYUSD's proliferation. ・Coinbase Offers Up to 10.8% Yield on USDC Holdings by Leveraging DeFi Coinbase's initiative to partner with DeFi protocols and offer high yields on USDC holdings demonstrates centralized exchanges' (CEX) efforts to integrate DeFi benefits. This potentially simplifies access to DeFi and draws more users into the DeFi ecosystem. SHIB may also indirectly benefit from the growth in the DeFi sector. Overall Summary: The inclusion of cryptocurrency platforms in EU sanctions against Russia and the potential for stricter French regulations indicate regulatory uncertainty in Europe. Conversely, Cardano's bullish price outlook, record Bitcoin liquid supply, PayPal's stablecoin expansion, and Coinbase's DeFi integration signal market growth and increasing institutional interest. While these factors could foster positive sentiment across the altcoin market, including SHIB, continued attention to regulatory developments is crucial.

The move towards increased regulation by the EU presents a risk of negative sentiment impacting the overall cryptocurrency market. Specifically, the involvement of cryptocurrency platforms in Russian sanctions and regulatory tightening in France are factors heightening uncertainty within the European market. Such regulatory developments could cool market sentiment, potentially exerting downward pressure on SHIB's price.

In the short term, expect continued range-bound movement, contingent upon EU regulatory developments and overall market sentiment. Medium-term, SHIB's price action is likely to be shaped by Bitcoin's stable performance and the momentum within the broader altcoin market. Key catalysts to watch include further announcements regarding EU regulations and the performance of major altcoins such as Cardano.

The SHIB market continues to hold a neutral stance, shaped by a mix of EU regulatory concerns and positive indicators within the broader altcoin space. Technical indicators currently lack definitive directional signals. As an investment strategy, initiating positions at SHIB's current price levels is not recommended. Prudence suggests waiting for signs of broader market recovery and a stable upward trend in Bitcoin. Should trades be considered, tactical buying on dips might be explored upon the emergence of clear bullish signals, such as the RSI surpassing 50 or a MACD golden cross. Key watchpoints this week include EU regulatory announcements and the performance trends of altcoins like Cardano. Regarding risk management, it is crucial to limit SHIB exposure to a minor portion of your portfolio, emphasizing diversification and strict leverage control. The ongoing growth across the cryptocurrency ecosystem—encompassing DeFi, tokenization, and stablecoins—signals market maturation and significant long-term potential. These macro trends are expected to eventually benefit SHIB as well. Capitalizing on opportunities requires objective analysis and a long-term perspective.