Coinbase's "Super App" initiative signals an expansion of crypto infrastructure, and distributions to FTX creditors support market recovery. Furthermore, expectations of accelerated Federal Reserve rate cuts could provide a tailwind for risk assets overall. While these factors suggest strengthening market foundations and potential upside, technical indicators do not provide clear directional signals. The overall market bias is Neutral.

・Coinbase CEO Signals Ambition for a Banking-Rivaling "Super App" Coinbase CEO Brian Armstrong has unveiled plans for a "super app" built on cryptocurrency infrastructure, aiming to offer comprehensive financial services that could rival traditional banks. This vision suggests crypto's potential to evolve beyond speculation, becoming central to everyday financial activities like payments, savings, and lending. For institutional investors, platforms like Coinbase, which provide reliable infrastructure, may see increased interest. This shift could enhance accessibility to crypto services for a broader range of retail users, fostering overall market adoption and improving liquidity. Meme coins like SHIB could indirectly benefit from this infrastructure development and user base expansion. ・FTX Trustee Initiates $1.6 Billion Distribution to Creditors The FTX Recovery Trust has announced its third interim distribution of approximately $1.6 billion to creditors, marking significant progress in the asset recovery process following the major cryptocurrency exchange's bankruptcy. While the FTX collapse previously caused considerable market turmoil, this distribution represents a step towards market stabilization. It has the potential to improve investor sentiment, serving as a positive signal, particularly for investors who held FTX-related assets or had lost confidence in the broader market. This development might gradually help restore investor appetite for risk assets, potentially including meme coins like SHIB. ・HashKey Capital CEO: Crypto Treasuries with Long-Term Strategies Can "Survive Any Market" HashKey Capital CEO Livio Weng asserted that cryptocurrency treasuries operating with discipline—emphasizing risk management, diversification, and avoiding speculative approaches—can navigate market fluctuations successfully. This highlights the importance for corporations to adopt a strategic approach when holding and managing crypto assets long-term. Companies establishing robust governance and risk management frameworks are likely to be less affected by market volatility and are positioned for sustainable growth. As such well-managed entities lead the way in the crypto market, institutional trust is expected to strengthen, contributing to overall market stability. Assets with higher volatility, such as SHIB, may find themselves evaluated more favorably within a healthier market environment and with a long-term perspective. ・Bitcoin May Become "Boring" as Institutional Interest Grows, Says Michael Saylor Michael Saylor, CEO of MicroStrategy, predicts that Bitcoin could become less exciting or "boring" as institutional investor interest increases, leading to a reduction in the volatility that attracted some retail traders. This implies that stability, a prerequisite for institutional adoption, will likely curb Bitcoin's price swings. While reduced volatility could solidify Bitcoin's position as "digital gold," it might diminish its appeal for investors seeking short-term speculative gains. Projects like SHIB, which often leverage volatility, may need to consider the potential shift in market focus towards more stable assets. ・Economists Predict Crypto Market Surge Amid Potential Accelerated Fed Rate Cuts, Citing Market Underpreparation Economists anticipate that the U.S. Federal Reserve might cut interest rates faster than markets currently expect, potentially triggering a surge across the cryptocurrency market. However, they note that the market appears to be underestimating this possibility. A pivot in the Fed's monetary policy could increase overall market liquidity and stimulate investment in risk assets. Specifically, rate cuts lower borrowing costs, incentivizing investors to allocate capital towards higher-risk investments. This scenario could benefit not only Bitcoin but also altcoins like SHIB. If the market fails to price in the Fed's actions accurately, unexpected market movements could occur. ・Ethereum's Surging On-Chain Activity Suggests Potential Rise to $5,000 for ETH Reports indicate that heightened on-chain activity on the Ethereum network, coupled with increasing ETH holdings despite validator withdrawal pressures, suggests a potential upward trajectory for ETH price towards $5,000. The growth of spot ETH ETFs and a decrease in ETH balances held on exchanges further support this bullish outlook. This points to robust utilization of the Ethereum network and sustained institutional preference for ETH. The expansion of the Ethereum ecosystem enhances its appeal as a smart contract platform, contributing to ETH's value appreciation. As SHIB is built on the Ethereum blockchain, ETH's price increase and network revitalization could strengthen SHIB's foundational support. ・U.S. Treasury Initiates Second Public Comment Round for Stablecoin Regulation Bill "GENIUS Act" The U.S. Department of the Treasury has launched a second public comment period for the implementation of the "GENIUS Act," a stablecoin regulatory bill previously signed by President Donald Trump. This signifies the ongoing process of defining a regulatory framework for stablecoins within the United States. Clear regulations are expected to enhance the credibility of stablecoins and potentially drive institutional adoption. Stablecoins pegged to the U.S. dollar, in particular, could strengthen their role as payment infrastructure within the crypto market, fostering deeper integration with the broader financial system. Projects like SHIB might indirectly benefit in the future through potential integration with stablecoins or through increased overall market liquidity driven by stablecoin proliferation. 【Overall Summary】 The cryptocurrency market is showing signs of infrastructure development and recovery, exemplified by Coinbase's "super app" initiative and FTX's creditor distributions. Concurrently, macroeconomic factors like Federal Reserve monetary policy and institutional investor behavior are emerging as significant price influencers. The potential decrease in Bitcoin's volatility alongside the surge in Ethereum's on-chain activity signals market maturation and a possible bifurcation, suggesting that meme coins like SHIB will be increasingly influenced by broader market sentiment and infrastructure evolution. Regulatory activity is also intensifying, with developments in stablecoin regulation poised to shape the market's future trajectory.

The growing interest from institutional investors suggests a potential decrease in Bitcoin's volatility, posing a risk of reduced speculative interest in meme coins like SHIB. Furthermore, reliance on the Ethereum network and susceptibility to fluctuations in broader market sentiment represent significant risks. Given the absence of clearly defined support levels in the data, the potential for further price declines amid a sharp deterioration of market sentiment must be considered.

For the next 24-48 hours, the market is expected to remain range-bound. In the medium-term outlook, monetary policy developments from the Federal Reserve and increased activity on the Ethereum network could serve as positive catalysts for SHIB. However, a growing trend of institutional investors shifting towards safe-haven assets cannot be ruled out, potentially causing capital seeking volatility to flow elsewhere.

Overall, the SHIB market currently maintains a neutral stance. Fundamentals, such as Coinbase's infrastructure enhancements and the market's recovery post-FTX collapse, indicate a strengthening foundation for long-term growth. Increased activity within the Ethereum network should also positively influence SHIB's underlying ecosystem. However, institutional investor trends favoring reduced market volatility may affect short-term speculative capital flows into meme coins like SHIB. While potential shifts in Federal Reserve monetary policy could inject liquidity into the broader market, their ultimate impact remains uncertain. Given the lack of a clear trend at present, proactive entries are not advised. Wait for the market to establish a clear directional bias. Consider cautious entries if price stabilization is observed at support levels (currently unclear from data; monitor past lows and high-volume areas) or if resistance levels (also unclear) are decisively broken. Short-term traders may find success with scalping or day trading strategies focused on breakouts/breakdowns, implementing tight take-profit and stop-loss orders. Long-term holders, mindful of market volatility, could consider accumulating positions through Dollar-Cost Averaging (DCA) as a portfolio strategy, anticipating long-term appreciation. This week, pay close attention to Federal Reserve policy shifts, Ethereum's price action, and SHIB-related news from major exchanges, including potential burn events. Crucially, from a risk management standpoint, avoid excessive leverage and trade only with risk capital. Amidst persistent market uncertainty, maintaining rational judgment and disciplined trading practices will be key to capitalizing on opportunities.