Visa's pilot launch of stablecoin settlements signals accelerating institutional adoption of digital assets. Animoca Brands' equity tokenization is expected to broaden Real-World Asset (RWA) use cases and enhance interest in the Web3 ecosystem. Regulatory alignment efforts between the SEC and CFTC, alongside the recovery of Bitcoin and Ethereum, are improving overall market sentiment and expectations for regulatory clarity. Based on these factors, our market bias for today is Neutral.

Fundamental Analysis * Visa Pilots Cross-Border Payments Using Stablecoins USDC and EURC Visa's launch of a pilot program for cross-border payments utilizing stablecoins signals increasing institutional acceptance of digital assets. This is a significant indicator that stablecoins are solidifying their position not merely as speculative assets but as viable payment methods within the real-world economy. The growing adoption of major stablecoins like USD Coin (USDC) and Euro Coin (EURC) enhances their credibility, which could indirectly benefit meme coins such as SHIB. The expansion of real-world use cases can elevate the overall maturity of the crypto market, attracting broader investor interest. * Web3 Investment Firm Animoca Brands' Shares to Be Tokenized on Solana The news that Republic will tokenize shares of Animoca Brands on Solana highlights the rapid advancement of Real-World Asset (RWA) tokenization. Tokenization promises to broaden access to investment opportunities in prominent Web3 companies like Animoca Brands, thereby revitalizing the entire Web3 ecosystem. Implementation on the Solana blockchain is expected to further bolster Solana's technological advantages and ecosystem growth. This development could increase interest in Web3 sectors like DeFi and NFTs, where projects like SHIB operate, potentially driving capital inflows into related initiatives. RWA tokenization represents a potential new growth driver for the cryptocurrency market. * SEC Determines DePIN Tokens Fall Outside Regulatory Purview The U.S. Securities and Exchange Commission's (SEC) decision to classify Decentralized Physical Infrastructure Network (DePIN) tokens as outside its regulatory jurisdiction holds the potential to accelerate innovation within the DePIN sector. DePIN leverages blockchain technology for building real-world infrastructure, with expected applications across diverse fields such as IoT, energy, and telecommunications. This regulatory stance by the SEC is likely to mitigate uncertainties surrounding DePIN projects, encouraging more companies and investors to consider entering the space. The growth of the DePIN ecosystem could boost interest in associated projects and tokens, offering positive implications from the perspective of integrating with the real economy, a goal shared by projects like SHIB. * IoTeX Launches Decentralized AI Platform "AI Foundry" IoTeX's launch of "AI Foundry" signifies the deepening integration of Artificial Intelligence (AI) and blockchain technology. IoTeX, also involved in the DePIN sector, aims to build decentralized infrastructure within the AI domain. The evolution of AI technology and the escalating demand for computational resources present challenges, including energy consumption, as noted by Greg Osuri, founder of Akash Network. IoTeX's AI Foundry seeks to carve out new possibilities by providing an open and decentralized environment for AI development. The synergy between AI and blockchain has the potential to foster innovation in areas like data management, privacy protection, and computational resource sharing, serving as a potential blueprint for projects like SHIB looking to incorporate AI technologies in the future. * Base NFTs Surpass Competitors in Sales Volume The surge of the NFT ecosystem on Base, an Ethereum Layer 2 network, reaching the top spot in sales volume on September, indicates the rapid growth of the Base network and signals emerging trends within the NFT market. Notably, AI trading games have been a significant driver of this sales volume. The vibrancy of Base's NFT market underscores the effectiveness of Layer 2 solutions and how lower costs and faster transactions can stimulate the development of NFT ecosystems. In the NFT space, which garners attention from the SHIB community, the presence of a dynamic ecosystem like Base can contribute to overall market activation and potentially offer an indirect boost to SHIB-related NFT projects. * Binance Launches White-Label Crypto Services for TradFi Binance's announcement to offer "crypto-as-a-service" solutions to licensed banks and brokerages indicates a reduction in barriers for traditional financial (TradFi) institutions looking to provide crypto services to their clients. This enables a greater number of individual investors and corporations to access the crypto market by leveraging the infrastructure of major exchanges like Binance. Such developments are poised to enhance liquidity and adoption across the broader cryptocurrency market. Binance's service capabilities may also facilitate easier access to altcoins like SHIB, potentially contributing to the acquisition of a wider investor base. * SEC and CFTC Hold Joint Roundtable for Regulatory Harmonization The joint roundtable meeting between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to discuss regulatory harmonization marks a crucial step towards clarifying cryptocurrency regulations in the United States. Cooperation between these regulatory bodies is essential for the healthy development of the crypto market, providing guidelines to balance investor protection and innovation. Regulatory clarity is expected to further encourage institutional investor participation and contribute to overall market stabilization. For altcoins like SHIB, reduced regulatory uncertainty can facilitate long-term investment decisions, potentially exerting a positive influence. * Bitcoin Recovers to $114,000, Fueling "Uptober" Expectations Bitcoin's rebound to $114,000 and rising expectations for "Uptober" (a potential market rally in October) suggest an improvement in market sentiment. This recovery is likely underpinned by a stabilizing macroeconomic and regulatory environment, including the receding concerns over a U.S. government shutdown and increased cooperation among regulators. Bitcoin's price recovery tends to drive overall market sentiment, potentially creating a ripple effect for altcoins such as SHIB. Enhanced investor confidence and anticipation of a clearer regulatory landscape could stimulate capital inflows into risk assets as a whole. * Ethereum Recovers to $4,000 Amid Three Factors for October Rally Ethereum's (ETH) recovery to $4,000 and the resulting optimistic outlook for October suggest strong underlying fundamentals for ETH. A decrease in ETH supply held on exchanges, coupled with increased trading volume on Decentralized Exchanges (DEXs), indicates rising demand for ETH, bolstering its potential for price appreciation. ETH's price recovery and the expectation of further gains contribute to the revitalization of the entire Ethereum ecosystem. As an ERC-20 token, SHIB is closely intertwined with the performance of the Ethereum network; therefore, ETH's robust performance indirectly benefits SHIB. The advancement of the ETH ecosystem stimulates investment in sectors like DeFi, NFTs, and GameFi, broadening the potential scope for SHIB's development in these areas. Overall Summary Developments such as Visa's pilot program for stablecoin payments and the tokenization of Animoca Brands' shares signify progressing institutional adoption of cryptocurrencies and the tokenization of Real-World Assets (RWAs), contributing to the overall maturation of the market. The SEC's classification of DePIN tokens as outside its purview and the joint efforts between the SEC and CFTC towards regulatory harmonization are fostering innovation while raising expectations for regulatory clarity. The price recoveries of Bitcoin and Ethereum indicate improving market sentiment, which could positively impact the broader altcoin market, including SHIB.

Cooperation among regulators is progressing, but regulatory uncertainty surrounding the broader cryptocurrency market remains a potential risk. Macroeconomic volatility and sharp price declines in major cryptocurrencies such as Bitcoin and Ethereum could spill over into the entire altcoin market, including SHIB. Key support levels are found within historical price ranges and psychological levels, but caution is required regarding sudden shifts in market sentiment. Furthermore, SHIB-specific development delays and changes in community sentiment could also heighten downside risks.

Short-term (24-48 hours): Expect consolidation or minor corrections, tracking the movements of Bitcoin and Ethereum. Medium-term (1 week): Continued range-bound trading is anticipated as positive fundamentals clash with neutral technical indicators, although the possibility of a breakout cannot be ruled out. Key catalysts to watch include developments in major altcoins, concrete progress within the DePIN and RWA sectors, and roadmap updates from the SHIB project.

Positive fundamental developments, including Visa's stablecoin payment initiatives, Animoca Brands' tokenization of shares, regulatory clarity surrounding DePIN, and the recovery in BTC/ETH, signal enhanced market credibility and broadening use cases, offering indirect benefits to SHIB. Technically, SHIB remains 'Neutral' with indicators such as an RSI of 49.5, a lack of MACD crossover, and price action within the bands, reflecting a lack of directional conviction. The overall market bias is characterized as 'Cautiously Neutral'. Potential entry points are identified following a decisive breakout above key SHIB resistance levels or upon confirmation of an uptrend in major assets like BTC/ETH. Conversely, stop-loss orders should be strategically placed below support levels or triggered by sharp price drops to enforce strict risk management. Attention should be focused on macroeconomic trends, regulatory updates, and any forthcoming announcements related to SHIB. Although current volatility is subdued, vigilance is advised to prepare for potential abrupt market changes. Patience and a well-defined strategy are paramount for achieving successful outcomes.