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Jinse Finance reported that the Financial Services Agency (FSA) of Japan is preparing to review relevant regulations and may allow banks to acquire and hold cryptocurrencies such as bitcoin for investment purposes. This would mark a significant policy shift, as the current regulatory guidelines, revised in 2020, effectively prohibit banks from holding cryptocurrencies due to volatility risks. The FSA plans to discuss this reform at a Financial Services Committee meeting, aiming to align crypto asset management with traditional financial products such as stocks and government bonds. At the same time, it will explore frameworks for managing crypto-related risks. If approved, capital and risk management requirements may be proposed before banks are permitted to hold digital assets. In addition, the FSA is also considering allowing banking groups to register as licensed "cryptocurrency exchange operators" to provide trading and custody services. Japan's crypto market is growing rapidly, and in early September, the FSA sought to shift crypto regulation from the Payment Services Act to the Financial Instruments and Exchange Act to strengthen investor protection. Meanwhile, Japan's three major banks have jointly issued a yen-pegged stablecoin, and the Securities and Exchange Surveillance Commission plans to introduce new regulations to prohibit and penalize crypto insider trading.

On October 19, according to the latest report released by Grayscale on Solana, Solana currently leads in users, trading volume, and transaction fees, which are the three most important metrics for measuring blockchain activity. The Solana ecosystem collects approximately $425 million in fees per month, with annualized revenue exceeding $5 billion. Solana stands out in a highly competitive market by offering fast, low-cost transactions and an attractive new user experience. On-chain transaction costs have remained relatively low, with users paying an average transaction fee of only $0.02 so far this year. The supply of SOL tokens is currently growing at an annual rate of about 4% to 4.5%. In addition, SOL stakers can earn a nominal return rate of about 7%, so the actual (inflation-adjusted) return rate for SOL stakers is about 2.5% to 3%. If the Solana network develops over time—with more users, more transactions processed, and more fees earned—Grayscale believes that investors can expect the price of SOL to rise.