OSL Weekly Digest - Focus on CPI Data,Institutional Rebalancing, and Hong Kong’s Latest Regulatory Developments

Crypto Market Overview

Total Market Cap: $3.65T

Total Trading Volume: $142.56B

Crypto Fear & Greed Index

The average Fear & Greed Index last week stood at 30, indicating that the market remains in a state of fear. This reflects a clear shift in sentiment from greed to fear, marking one of the lowest levels in the past year and a significant decline from 71 two weeks ago.

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OSL Trading Focus | Key Asset Insights

Market Highlights – Last Week

[Project Update] OpenSea to Launch SEA Token in Q1 2026

OpenSea CEO Devin Finzer announced plans to launch the SEA token in Q1 2026. Half of the total supply (50%) will be allocated to the community, with initial claims favoring participants in OpenSea’s rewards program and OG users. SEA will feature staking utilities, allowing users to back their preferred tokens and collections. Additionally, 50% of platform revenue will be used to buy back SEA at launch, supporting token value and ecosystem growth.

[Regulatory Development] Hong Kong Promotes Digital Asset Growth on Global Stage

At an international finance forum on October 19, Hong Kong’s Financial Secretary Paul Chan highlighted the growing influence of digital assets and their role in regional trade. These initiatives signal a global pivot toward digital finance, aiming to improve cross-border transaction efficiency while maintaining stability amid fintech expansion.

[Institutional Move] BlackRock Increases ETH Exposure Amid Market Volatility

Amid 2025’s crypto market turbulence, BlackRock — the world’s largest asset manager — adjusted its crypto portfolio by reducing BTC holdings and increasing exposure to ETH. This shift, executed via its iShares Bitcoin Trust and iShares Ethereum Trust, underscores a major strategic repositioning toward Ethereum-based assets.

[Policy Proposal] Japan’s FSA Suggests Allowing Banks to Hold Bitcoin

Japan’s Financial Services Agency (FSA) proposed on October 19, 2025, to permit banks to hold and manage cryptocurrencies such as Bitcoin. The proposal seeks to integrate digital assets into the regulated financial system and align with securities laws — aiming to enhance investor protection, attract institutional capital, and strengthen Japan’s position in the digital asset space.

[Market Analysis] Grayscale Highlights Solana’s Strong Performance Metric

According to Grayscale’s October 2025 report, Solana continues to lead in blockchain performance with over $5 billion in annualized revenue, ultra-low transaction fees compared to other Layer 1 networks, and strong on-chain activity. Analysts suggest these advantages, combined with rising institutional interest, could drive SOL toward the $420 level if the altcoin rotation continues.

Macro Perspective

A surprise move by the Trump administration to impose 100% tariffs on all Chinese imports has disrupted global risk asset pricing and triggered systemic market stress.

Ongoing macroeconomic uncertainty continues to weigh on Bitcoin’s performance. Over the past week, gold outperformed BTC by over 20%, partly reclaiming its “store of value” narrative. Options markets show heightened defensive positioning — BTC short-term volatility spiked to 50, and demand for put options surged as traders sought immediate downside protection.

Looking Ahead: Key Events (Oct 20–24, 2025)

• Regulatory & Policy:The Federal Reserve will hold its Payments Innovation Conference on October 21, covering topics such as stablecoins and tokenization.

• On-Chain Developments:ETHZilla, an Ethereum treasury management firm, will execute a 10-for-1 reverse split on October 20.

• Macro Events:The U.S. Bureau of Labor Statistics will release the September CPI report on October 24, which could shape short-term market sentiment.

Date as Oct 13 – 20, 2025