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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.

According to Seoul Economic Daily on November 12, British artificial intelligence infrastructure company Nscale is advancing the construction of more than two artificial intelligence data centers in South Korea. The company established its Korean entity, Nscale Service KR, in July 2026, responsible for data center investment, development, operation, and management. Nscale was founded in 2024, independently procures graphics processing units, and operates artificial intelligence data centers, with a corporate value of approximately 35 billion USD, equivalent to about 47 trillion Korean Won, and is pushing for a listing in the United States.The project has been confirmed to be located in Gumi, North Gyeongsang Province. The original plan was to construct a phase one artificial intelligence data center with a scale of 300 megawatts as a consortium, but it has since changed to be built separately by Nscale and other participants. The data center for which Nscale is responsible is currently undergoing licensing and preparing to commence construction. The company is also evaluating the addition of data centers in other regions of South Korea, through methods including new site construction, renovation of existing facilities, and leasing data centers from other companies. An industry insider who requested anonymity stated that Nscale has previously renovated old data centers overseas and installed graphics processing server units to reduce capital burdens, and may propose similar collaborations to South Korean companies.Additionally, according to the report, the American cloud company CoreWeave is also advancing the construction of data centers in South Korea and appointed Kim Hyun-sik, who previously worked at Microsoft and SoftBank, as the head of its Korean subsidiary last year. The artificial intelligence data center being built by Amazon Web Services and SK Group in Ulsan is scheduled to begin operations next year, and Microsoft has recently started construction on its third data center in Busan. Goldman Sachs analysis indicates that after the Democratic Party's victories in U.S. state and local elections, about 45% of the planned capacity expansions for artificial intelligence data centers in the U.S. may be affected by regulations. CoreWeave stated in a conference call on November 11 that it is expanding its business in Canada, Europe, and Asia to diversify regional regulatory risks. The South Korean government is promoting differentiated electricity pricing by region and a dedicated electricity pricing plan for artificial intelligence data centers.

According to the "Science and Technology Innovation Board Daily," sources close to Tencent have revealed that WeChat's "Look" feature is currently undergoing a small-scale gray testing for a short drama entry. Some users can access this entry to view recently watched short dramas. This entry aims to help users more conveniently find high-quality short drama content and enhance the exposure of creators.In addition, Tencent launched the "Green Bubble Short Drama" free mini-program within the WeChat ecosystem in October this year. The previously existing "Short Drama" mini-program in the WeChat ecosystem has also been renamed to "Green Bubble Short Drama" and has entered the gray testing phase.

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 BBX data, yesterday and in recent days, global publicly listed companies in the U.S. stock market have announced the latest developments regarding the sale of digital asset reserves and business operations, with key information as follows:· Hyperscale Data (NASDAQ: $GPUS) liquidated the remaining 211 bitcoins, fully transforming into an AI data center: The publicly listed company Hyperscale Data announced that as of November 8, the company has sold all of the remaining 211.56 bitcoins on its balance sheet at an average price of approximately $76,000 per bitcoin, cashing out about $16 million. Since initiating the liquidation of its reserves in late July this year, the company has cumulatively sold about 1,113 bitcoins, generating total revenue of approximately $74.4 million. The official statement clearly indicates that these funds will be specifically used to repay company debts and accelerate the construction of its AI data center in Michigan.· Bitdeer (NASDAQ: $BTDR) released its Q3 2026 financial report, with bitcoin production surging 248% year-on-year: Leading bitcoin mining company Bitdeer announced impressive performance for the third quarter. The total revenue for the quarter reached $320.7 million, a significant year-on-year increase of 89%; adjusted EBITDA soared 173% to $69.6 million. In terms of computing power and output, its self-mining computing power surged 135% year-on-year to 82.3 EH/s, driving the total bitcoin production for the quarter to 3,855 bitcoins, achieving an astonishing year-on-year growth of 248%.· SOL Strategies disclosed Q4 performance, with its HoudiniSwap trading volume skyrocketing: SOL treasury ecosystem company SOL Strategies released preliminary unaudited performance for the fourth fiscal quarter. The total revenue for the quarter was approximately CAD 4 million (about USD 2.83 million). Notably, its decentralized exchange protocol HoudiniSwap successfully processed approximately CAD 326 million (about USD 231 million) in exchange transactions during its first full quarter after being integrated into the company, generating approximately CAD 3.4 million (about USD 2.41 million) in exchange fee revenue. Its trading volume in September saw a significant increase of 37% compared to June.

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.

According to the Daily Telegraph, the UK AI data center company Nscale is considering postponing its $35 billion (approximately £26 billion) listing plan until next year. Last week, global tech stocks faced a sell-off, with the US stock market losing $3 trillion in value, raising concerns that the Democratic "blue wave" after the US midterm elections could slow down data center construction, leading to a collective decline in valuations of highly leveraged AI companies.Nscale originally planned to go public "soon" in New York. According to US stock market rules, if the company does not release a new quarterly financial report soon, it has only a few days left to initiate trading; insiders say no decision has been made yet, and the company is expected to announce its third-quarter financial report shortly.Nscale submitted its application to list on the New York Stock Exchange in September this year, hoping to achieve a valuation of up to $35 billion, but some investors believe it may be less than half of that figure based on current market conditions; earlier this year, a round of financing valued it at $14.6 billion.The listing plan has faced setbacks: Microsoft withdrew last month from a deal to lease its flagship data center in Loughton, Essex, and rejected space in other parts of the company’s facilities; delays in grid connection could push the UK site back to the next decade.Nscale's investors include Nvidia (which was expected to reinvest $1 billion this month), and its board includes former UK Deputy Prime Minister Nick Clegg, who is expected to gain up to $40 million from the listing, while CEO Josh Payne could receive $350 million. The company's contracts with clients such as Microsoft and Anthropic are worth over $100 billion, but they largely depend on the completion of new data centers; the company declined to comment.

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 PR Newswire, Hyperscale Data (NYSE American: GPUS) announced on November 10 that as of November 8, 2026, the company has sold all of its remaining Bitcoin reserves at an average price of approximately $76,000 per coin, totaling about 211.56 coins, generating gross proceeds of approximately $16 million.Since the initial sale of part of its reserves in late July 2026, the company has cumulatively sold about 1,113 Bitcoins, with proceeds of approximately $74.4 million.The company stated that the funds will be used to pay off debt and finance the ongoing construction of its AI data center in Michigan. CEO Will Horne stated that the primary goal is to power on the first 10 megawatts of critical IT capacity for the Michigan data center in December. The company continues to mine at its Montana facility, and future Bitcoin on the balance sheet is expected to primarily come from its own mining operations.

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

Aave stated that Sentora became the first curator on Aave to exceed a deposit scale of 100 million dollars in less than three weeks.

Hyperscale Data plans to repurchase up to $50 million of common stock at a price of $2 in cash plus 1 share of 12% preferred stock for every 100 shares, representing an 82% premium over the closing price on November 6.

Vitalik Buterin posted on the X platform expressing disagreement with the recent strong negative reactions against the anti-data center movement, believing that the overall benefits of slowing down the massive expansion of computing power outweigh the drawbacks.Vitalik pointed out that with continuous advancements in algorithms, the AI capabilities that will require larger-scale data centers in the next two years may be achievable through existing data centers in about four years or even a shorter time. Therefore, even if the anti-data center movement achieves significant results, it may not necessarily lead to catastrophic consequences.He further stated that the world needs more time to address the already evident cybersecurity threats and potential future risks such as biosecurity. At the same time, scientific research is constrained by many factors beyond AI, so a one-year slowdown in AI development may result in a practical delay in scientific progress that is much less than a year. He emphasized that this judgment does not rely on the controversial AI doomsday risk theory.

Loopscale has restored all deposit, withdrawal, and complete loan management functions for all vaults after the attack incident, including the USDC Genesis vault.

According to community feedback, on November 7, multiple users reported that their ChatGPT and OpenAI accounts were suddenly deactivated, with the status showing as account_deactivated. Users saw the message "You do not have an account because it has been deleted or deactivated" directly upon logging in, and most did not receive prior email notifications.The related feedback involves free API accounts, team ride-sharing accounts, and the $200 monthly Pro accounts. Some users claimed that their Pro accounts, which had been used for five years, were deactivated without warning and without any emails. One developer stated that years of accumulated conversation records and personal memories were locked in the cloud and could not be retrieved.On November 4, Claude Code and Cowork product lead Cat Wu announced their departure from Anthropic to join OpenAI.

According to Loopscale monitoring, the platform has restored the priority loan function, and all loans can have additional collateral; except for loans funded by the USDC Genesis Vault, all other loans can be repaid, and borrowers can retrieve their collateral after full repayment. The collateral withdrawal function for loans related to the USDC Genesis Vault remains temporarily closed, and treasury withdrawals and other protocol functions continue to be restricted.The team is working with partners to advance the security recovery efforts. Loopscale stated that it has identified and controlled two paths exploited by the attackers during this incident. The attackers first exploited a misconfiguration of asset pricing parameters, leading to collateral deposited in the SOL Genesis Vault being incorrectly valued as another asset, resulting in approximately $412,000 in under-collateralized loans. Subsequently, the attackers sold a loan with abnormally high interest rates to the USDC Genesis Vault through atomic transaction combinations, artificially inflating its net asset value (NAV) and extracting approximately $521,000 in redemption funds; this operation was intercepted by the system within 30 seconds after the transaction was generated. Loopscale stated that user deposits will not suffer losses as a result.

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 Axios, U.S. President Trump stated on Thursday that he will soon decide whether to launch a large-scale military operation against Iran after a meeting with his senior national security advisor. With the midterm elections over, the domestic political pressure the White House previously faced has changed, and the issue of Iran has once again become a diplomatic and security topic that the Trump administration needs to make a decision on.Two U.S. officials revealed that this was the first time Trump specifically discussed the issue of Iran with his senior national security advisor since the midterm elections, and the meeting was scheduled during his weekly intelligence briefing.Meanwhile, Russia is pushing to end the Russia-Ukraine conflict through another diplomatic channel. According to Reuters, Trump confirmed on Thursday that he held private talks with Putin's envoy Kirill Dmitriev that day. Trump did not disclose what he specifically discussed with Putin's envoy but stated that an agreement to resolve the Russia-Ukraine conflict could be reached soon.