Strengthened G7 regulations on stablecoins and SWIFT's blockchain partnerships are poised to encourage institutional adoption, enhancing overall market maturity. Expectations for ETF approvals (ETH, XRP, SOL) are driving capital inflows into the broader altcoin market, with potential benefits anticipated for the SUI ecosystem. The current market bias is neutral to slightly bullish.

・XRP Approaches Record Quarterly Close, Potential Rise to $15 Suggested XRP's approach towards its highest-ever quarterly closing price is drawing attention as a potential indicator of a bull market. Historical precedents show significant upward movements from similar price levels, leading analysts to predict a potential reach of $15. On-chain data for XRP further suggests diminishing selling pressure from large holders, potentially attracting interest from institutional investors. However, regulatory developments pose a risk that could challenge this optimistic outlook. ・G7 Nations Shaping Stablecoin Regulation The G7 nations' move towards strengthening regulations for stablecoins is significant for market stability and investor protection. Notably, new US legislation, the EU's MiCA regulation, and Japan's existing framework are poised to significantly impact the global stablecoin market landscape. These regulations could foster the adoption of not only USD-pegged tokens like USDT and USDC but also stablecoins pegged to various national currencies. While regulatory clarity may increase opportunities for institutional investors to enter the stablecoin market with greater confidence, it could also present barriers to entry for newcomers. ・Crypto Funds Experience $812 Million Outflow; Solana Sees Gains Last week witnessed substantial outflows from digital asset investment products, ending a two-week trend of inflows. This is analyzed as being driven by waning expectations of US interest rate cuts. Assets Under Management (AUM) also declined, signaling a worsening market sentiment overall. However, Solana (SOL) bucked this trend with gains, indicating that its network's technological advancements and ecosystem expansion are capturing investor attention. Solana's performance is anticipated to have a potential spillover effect on other altcoins. ・Bitcoin: Strategic Accumulation as Price Dips Below $110,000 MicroStrategy, led by Michael Saylor, reportedly acquired an additional ~$22.1 million worth of Bitcoin as the price fell below $110,000. This move signifies the company's view of price dips as a buying opportunity and underscores its long-term conviction in Bitcoin, holding the largest corporate treasury of the asset. Such large-scale purchases by major holders can contribute to market stabilization and foster expectations of further price appreciation. ・Polish Lawmakers Approve Strict Crypto Bill, Drawing Backlash The Polish Parliament has approved a bill to regulate the crypto-asset market, including the introduction of a licensing regime for domestic Crypto Asset Service Providers (CASPs). While this aligns with efforts toward regulatory harmonization within the EU, it has sparked domestic opposition. The tightened regulations might present operational challenges for some businesses, yet the clarity provided could be a factor for compliance-focused institutional investors considering entry into the Polish market. ・Bitcoin's $300K Target Becoming 'Increasingly Likely,' Say Analysts Some analysts believe the current bull market for Bitcoin is still in its early stages, with a high probability of reaching the $150,000 to $300,000 range. Recent price declines are viewed as temporary corrections, and analysts point to a decisive breakout above the $112,000-$114,000 range as key for further upward movement. Renewed appreciation for Bitcoin's role in the AI era and its function as an inflation hedge could drive sustained inflows from institutional investors. ・October Declared 'ETF Month' as 16 Digital Asset Funds Await Final Decisions October is anticipated to be an "ETF Month" as the US Securities and Exchange Commission (SEC) prepares to make final decisions on 16 digital asset ETFs, including those for Ethereum, XRP, and Solana. The approval of these ETFs holds the potential to inject substantial institutional capital into the crypto market. Particularly, building on the success of Bitcoin ETFs, the listing of ETFs for other major altcoins is expected to enhance overall market credibility and create new investment avenues. ・Bitcoin Recovers Above $112K, Analysts Maintain "Bull Market Is Not Over" Following significant volatility last week, Bitcoin briefly surpassed $112,000, prompting analysts to reiterate that the bull market remains intact. While the temporary dip caused investor fatigue and triggered large-scale liquidations, the recovery to the $112,000 level suggests underlying market resilience. Comparisons are being drawn with fund flows into AI-related sectors, hinting at Bitcoin potentially solidifying its position as a distinct digital asset class. ・SWIFT Partners with Consensys to Develop Blockchain Payment System The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has partnered with Consensys to develop a blockchain-based payment system. This initiative aims to enable 24/7 real-time cross-border payments, potentially overcoming the limitations of traditional banking infrastructure. The partnership signals an acceleration in the mainstream adoption of blockchain technology by financial institutions, promising faster, lower-cost international transfers and contributing to overall financial market efficiency in the future. ・Stablecoins Record $46 Billion Net Inflow in Q3; USDT and USDC Dominate Data reveals that stablecoins collectively recorded over $46 billion in net inflows during the third quarter. Tether (USDT) and USD Coin (USDC) particularly dominated the market, seeing net inflows of $19.6 billion and $12.3 billion, respectively. Ethena's synthetic stablecoin, USDe, also garnered significant attention with $9 billion in inflows. This trend highlights the high demand for USD-pegged assets within the crypto market, suggesting that institutional investors may be utilizing stablecoins during risk-off periods. ・Overall Market Summary The cryptocurrency market yesterday experienced a mix of positive and negative factors, including Bitcoin dipping below $110,000 followed by a recovery, anticipation surrounding XRP's record quarterly close, and hopes for ETF approvals for various altcoins like Solana and XRP. Overall, institutional interest remains robust, with strategic Bitcoin accumulation and substantial stablecoin inflows underpinning market resilience. However, intensified stablecoin regulation efforts by G7 nations and domestic legislative actions, such as in Poland, could influence future market direction, making close monitoring of regulatory developments crucial. Discussions comparing Bitcoin's future prospects to inflows into AI-related sectors, alongside ongoing long-term value assessments, suggest the market is transitioning into a new phase.

Stricter G7 regulations for stablecoins may affect the market by altering liquidity and compliance requirements. Outflows from crypto asset funds suggest a worsening investor sentiment due to macroeconomic uncertainty, and the impact on SUI cannot be ignored. The key support level is the recent low of $3. Regulatory trends and the worsening macroeconomic sentiment are factors to watch as potential downside risks.

**Outlook** **Short-term (24-48 hours):** SUI's performance will be influenced by neutral technical indicators and macroeconomic trends, with Bitcoin holding the $110,000 level being key. **Mid-term (1 week):** If positive sentiment around ETF approvals and the momentum of altcoins like Solana (SOL) persist, SUI may experience a similar upward trajectory. **Key catalysts to watch:** The SEC's final decision on ETFs, development announcements within the SUI ecosystem, and further price appreciation for Bitcoin.

The SUI market maintains a technically neutral stance, underpinned by a bullish macroeconomic trend and sustained institutional interest. Anticipation surrounding potential ETF approvals for assets like ETH, XRP, and SOL is generating positive market-wide sentiment, with potential spillover effects expected for SUI. While enhanced G7 regulations on stablecoins may contribute to market stabilization, potential impacts on short-term liquidity must also be considered. The overall assessment is "Neutral to Mildly Bullish." Establishing a sustained upward trend requires a decisive breakout above the $4 level. As an action plan, we recommend either observing positions near $3 or making limited strategic accumulations. Entry points are suggested around $3, targeting $4 and potentially $5 thereafter. A clear break below $3 should serve as the stop-loss level, emphasizing strict risk management. This week, the SEC's decision on ETFs stands out as the primary catalyst. Monitor developments closely, focusing on either a breakout above $4 or a confirmed drop below $3 to identify strategic trading levels.