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According to a report by Crypto Briefing, Grayscale's research indicates that the correlation between crypto assets and Bitcoin is decreasing, with Bitcoin currently explaining only about 50% of the return volatility across various crypto sectors.The report breaks down the annualized volatility and the impact of Bitcoin-related factors by sector: the annualized volatility of the currency sector is 49%, with 43% attributed to Bitcoin; the annualized volatility of the smart contract platform sector is 58%, with 38% attributed to Bitcoin; the annualized volatility of the finance sector is 59%, with 30% attributed to Bitcoin; the annualized volatility of the utilities and services sector is 67%, with 30% attributed to Bitcoin; the annualized volatility of the consumer and culture sector is 76%, with 46% attributed to Bitcoin; the artificial intelligence sector has the highest annualized volatility at 85%, with only 35% attributed to Bitcoin.The research points out that Bitcoin's own annualized volatility has recently been around 43%, while the volatility of all sectors tracked by Grayscale is higher than that of Bitcoin. The report suggests that lower correlation does not imply lower risk, but the fact that Bitcoin explains only half of the return volatility means that the other half is driven by factors specific to each sector, providing investors with a reference for assessing which sectors can offer true diversification.

Zach Pandl, the head of research at Grayscale, pointed out that the number of monthly active developers for Zcash has roughly doubled over the past two years, while the broader cryptocurrency developer community has declined from its peak during the same period.About 70% of Zcash's active developers have over a year of experience in cryptocurrency development, which is higher than the overall industry average of 58%. These developers possess expertise in zero-knowledge proofs and post-quantum cryptography research. The article suggests that the continued engagement of developers indicates the network's capability for ongoing improvement. The growing developer community of Zcash combines a strong privacy ethos with the goal of making private digital currencies more accessible. This momentum is expected to continue supporting protocol innovation and may ultimately translate into an increase in ZEC valuation.

According to RootData, yesterday (Eastern Time November 10), the total net outflow of Ethereum spot ETFs was $1.3 million.The Ethereum spot ETF with the highest single-day net outflow was Grayscale Ethereum Trust ETF ETH, with a net outflow of $2 million.Following that was 21Shares ETF TETH, with a net outflow of $400,000.

Grayscale announced the launch of the investor education platform Zcash Invest and placed a cover advertisement in the print edition of The Wall Street Journal to promote Zcash and its Zcash ETF (ZCSH). This promotional campaign will also cover channels such as outdoor advertising, streaming media, and social media.Grayscale plans to use all the initiation fees collected in the first year for ZCSH as an exchange-traded product (ETP) to support the development, promotion, and education of the Zcash network, and plans to provide $1 million in funding to relevant nonprofit organizations and projects.The first $400,000 has been granted to the Zcash Foundation, Pretty Good Policy for Zcash, Shielded Labs, and Project Tachyon, with each receiving $100,000.

According to Onchain Lens monitoring, Grayscale holds 834,900 AVAX, worth 7.2 million dollars.

According to The Block, the stablecoin payment startup Raycash, spun off from the privacy protocol Zama, has launched on the Ethereum mainnet and is currently in the private testing phase. Raycash stated that over 75,000 people had joined the waiting list before the launch, and access will be opened in batches during the private testing period, followed by a full launch.Raycash is built on the Zama protocol and employs fully homomorphic encryption technology to encrypt on-chain balances and transaction amounts. Users can wrap stablecoins 1:1 into tokens under the ERC-7984 confidential token standard for payments and receipts, and earn yields through Morpho, with amounts and balances kept private; the underlying stablecoins can be retrieved through permissionless unwrapping. Initially, the application supports USDC and allows for bank transfers, credit card or stablecoin deposits, and withdrawals to bank accounts, with Ethereum Gas fees handled by the platform in the background, so users do not need to hold ETH.Raycash stated that its wallet is a self-custodial wallet, and confidential tokens do not have freezing or confiscation capabilities at the token level, allowing users to grant viewing permissions to specific parties such as accounting and auditing institutions. Additionally, the Raycard for privacy consumption is under development.

Grayscale's research director Zach Pandl stated that JPMorgan Asset Management will incorporate Bitcoin into its long-term investment assumptions for 2027, expecting a compound annual return of 10%, higher than other asset classes; the estimated correlation of Bitcoin with U.S. large-cap stocks is 33%.JPMorgan expects Bitcoin's annualized volatility to be 55%, and due to its unstable correlation with other assets, it will exclude Bitcoin from its main portfolio models. Its long-term assumptions also include a return of 7.5% for U.S. large-cap stocks, 9.8% for private equity, 7% for a 60/40 stock-bond portfolio, and 5.5% for gold. JPMorgan describes Bitcoin's investment characteristics as speculative assets and notes that its portfolio allocation role is related to monetary easing; adoption, regulation, and liquidity will all affect its economic characteristics. Grayscale states that the related portfolio returns depend on future returns and changes in the relationships between assets.

According to RootData, yesterday (Eastern Time November 5), the total net outflow of the SOL spot ETF was $1.1761 million.The SOL spot ETF with the highest net outflow for the day was Grayscale ETF GSOL, with a net outflow of $815,100. As of that trading day, GSOL had a historical cumulative net inflow of $127 million.Following that was Invesco Galaxy ETF QSOL, with a net outflow of $360,900. As of that trading day, QSOL had a historical cumulative net inflow of $3.7271 million.As of that trading day, the historical cumulative net inflow of the SOL spot ETF was $1.4667 billion.

Digital asset investment platform Grayscale stated that JPMorgan has included Bitcoin in its 2027 Long-Term Capital Market Assumptions, providing a 10% annual return forecast.Grayscale indicated that Bitcoin is gaining institutional attention due to its high annual returns and a correlation of only 33% with U.S. large-cap stocks.

According to CoinDesk, after the Democratic Party won the U.S. midterm elections and will control both houses of Congress, Grayscale's research director Zach Pandl stated that the foundation for the development of the cryptocurrency industry is stronger than the efforts of the previous Congress. The industry has characteristics of bipartisanship, globalization, and institutionalization, and will not stagnate due to election results.Grayscale previously estimated that 80% to 85% of global cryptocurrency activity occurs outside the United States; however, this data is only indicative, and some metrics cover all of North America. BlackRock's digital assets head Robert Mitchnick stated before the election results were announced that the election would have "little impact" on their product issuance and capital inflows, as Bitcoin and Ethereum already possess most of the regulatory clarity required for investment products.

Zach Pandl, the head of research at Grayscale, published an analysis article pointing out that although the hacking attack on Binance on October 19 raised the security losses in the cryptocurrency industry to over $8 billion, a new high for 2026, the proportion of security losses relative to the total market value of cryptocurrencies has significantly decreased in the long term. Currently, Binance has covered 95% of the affected assets, and customers will not bear the losses.Stablecoin issuers like Tether and Circle have assisted in freezing approximately $2.9 billion of stolen funds, accounting for about 45% of the total stolen amount, which is expected to be returned to Binance. Zach Pandl believes that while this incident has temporarily impacted market confidence, it will ultimately drive all exchanges to establish stricter security practices, while also highlighting the importance of institutional-grade custody, prompting more U.S. investors to gain exposure to cryptocurrency assets through exchanges that offer protections such as segregated accounts, cold storage, multi-signature, and commercial insurance.

The Supreme People's Procuratorate released typical cases of legally protecting citizens' personal information, two of which are related to the cryptocurrency industry. In Case One, Wang and 11 others established a chain of "finding downstream buyers domestically --- obtaining personal information from abroad --- reselling at a markup domestically," paying for purchases to foreign upstream sources with virtual currency, and reselling information such as citizens' household registration, property status, and tracking trajectories, with an amount involved exceeding 1.98 million yuan. The court sentenced each defendant to imprisonment ranging from three years and six months to eight months, and imposed fines.In Case Seven, Lin and 21 others illegally obtained over 870,000 pieces of personal information of job applicants under the guise of recruitment, through online recruitment platforms and by bribing corporate human resources personnel, selling it to foreign entities for profit. The illegal gains were settled in virtual currency and then exchanged for RMB, with an amount involved exceeding 7.46 million yuan. The court sentenced each defendant to imprisonment ranging from five years and three months to six months, and ordered them to bear civil liabilities such as public welfare damage compensation.

Grayscale's HYPG has been listed on Nasdaq, providing investors with exposure to HYPE tokens and supporting staking.The fund began trading on June 3, charging an annual sponsorship fee of 0.29%, and as of October 28, it has assets under management of $186.9 million.

The bank-oriented blockchain project Rayls announced that investors and the team have extended the vesting arrangement for the RLS token. The relevant tokens will be unlocked monthly over four years starting from May 2027, replacing the original unlocking plan scheduled for December 2026.Rayls stated that combined with the lock-up extension announced by the core developer Parfin in August this year, the two arrangements will reduce the circulating RLS by approximately 1.2 billion by 2027, about 25% less than the original plan. At the same time, over 500 million RLS will still be locked as of December 2026. Rayls claimed that the adjusted unlocking pace is slower and smoother. The project is positioned as on-chain infrastructure serving banks, with investors including ParaFi Capital, Framework, Valor Capital, and Alexia Ventures.

According to GMGN data, the top 5 tokens with net inflows of smart money in the past 24 hours are as follows:raycat (Gcum....mzh): Net inflow of $1,000, with a 24-hour increase of 2161.5%, currently priced at $0.0001.Himmel (4gCk....ump): Net inflow of $833, with a 24-hour decrease of -45.6%, currently priced at $0.0001.RAY (4k3D....X6R): Net inflow of $768, with a 24-hour decrease of -1.9%, currently priced at $1.7604.moustache (4ato....ump): Net inflow of $655, with a 24-hour increase of 202.4%, currently priced at $0.0001.ANTHROPIC (Pren....khw): Net inflow of $572, with a 24-hour increase of 1%, currently priced at $1017.5514.

According to Catcher Predict monitoring, in the predicted market Polymarket for the event "Milwaukee Brewers vs. Tampa Bay Rays," the option "Tampa Bay Rays" in the sub-market "First 5 Innings Spread -1.5" experienced a drastic fluctuation in winning probability, dropping from 27.5% an hour ago to the current 12% (a fluctuation of 15.5%). Please note the impact of relevant breaking news.

Asset management company Grayscale reported that the privacy cryptocurrency Zcash celebrates its tenth anniversary this week. The report states that Zcash's ability to continuously innovate partly stems from allocating 20% of block rewards for developer funding, with the protocol evolving from the Sprout pool to Sapling and Orchard.Launched in 2026, the Ironwood pool adds quantum-resistant addresses and formal verification to address code vulnerabilities. Grayscale expressed hope and expectation that Zcash will continue to expand transaction capacity and prepare for post-quantum era and AI-driven cybersecurity risks, which may require ongoing funding from multiple parties and efficient allocation.

According to Catcher Predict monitoring, in the market prediction event "Tampa Bay Rays vs. Milwaukee Brewers" on Polymarket, the "Over" option in the sub-market "Tampa Bay Rays O/U 4.5" has experienced a dramatic fluctuation in winning probability, dropping from 57% an hour ago to the current 23.5% (a fluctuation of 33.5%). Please note the impact of related breaking news.

According to Catcher Predict monitoring, in the market prediction event "Tampa Bay Rays vs. Milwaukee Brewers" on Polymarket, the option "Milwaukee Brewers" in the sub-market "Spread -1.5" has experienced a dramatic fluctuation in winning probability, soaring from 38% an hour ago to the current 84% (a fluctuation of 46%). Please note the impact of related breaking news.

According to Rootdata, on October 21, 2026 (Eastern Time), the total net inflow of Ethereum spot ETFs for the day was $14.9 million.The Ethereum spot ETF with the highest net inflow for the day was Grayscale Ethereum Trust ETF ETH, with a net inflow of $28.1 million.Following that was Fidelity ETF FETH, with a net inflow of $13 million.