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Grayscale: The various sectors of cryptocurrency are gradually decoupling from Bitcoin's trend, with volatility generally higher than that of Bitcoin

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.

Gnosis Chain will end its independent L1 operation in the spring of 2027, becoming the first general-purpose Zone of EEZ

According to official news, Gnosis Chain will end its independent L1 operation in the spring of 2027 and join the Ethereum Economic Zone (EEZ), becoming the first general-purpose Zone for settlement to Ethereum.Gnosis Chain will migrate its on-chain state through a hard fork, with contracts, balances, addresses, chain ID, and Gas token xDAI remaining unchanged, and developers will not need to redeploy. Gnosis co-founder Friederike Ernst stated in the article that due to the inability to achieve fast block times, composability with Ethereum, and decentralized ordering all at once, Gnosis chose the first two. Therefore, the current validator set of about 200,000 independent validators will not be retained after the migration. She also revealed that the cost of operating Gnosis Chain as an independent L1 by Gnosis DAO is between 7 million to 10 million dollars per year.In addition, the Devnet Rollup X of EEZ has launched its testnet today at the Mumbai Devcon, completing several demonstrations: CoW Swap completed exchanges within a single transaction on Rollup X using liquidity from the Ethereum mainnet; Safe achieved atomic ownership changes between L1 and L2; Rollup X completed Falcon post-quantum signature verification and made it available for mainnet calls, reducing mainnet Gas consumption from about 5.5 million to approximately 495,000, a decrease of about 91%. Rollup X is still a test network, and the core protocol is undergoing independent security audits. EEZ is a Swiss non-profit organization co-funded by the Ethereum Foundation.Previously, Gnosis co-founder Friederike Ernst and Zisk founder Jordi Baylina collaborated to launch the Ethereum Economic Zone (EEZ) framework, aimed at addressing issues such as liquidity fragmentation caused by L2 fragmentation.

The Democratic Party has taken control of both houses, and global capital markets are generally warming up

As the Democratic Party secured control of both houses in the midterm elections, this news, which was previously expected to be bearish by the market, has largely settled. The decline in global mainstream capital markets has shown improvement, with some markets turning to an upward trend. The three major U.S. stock index futures rose, with the Nasdaq 100 index futures narrowing their decline to 0.4%, having previously dropped over 2.2%. The S&P 500 index futures are currently down 0.43%, and the Dow futures are down 0.24%. Bitcoin rebounded, breaking through $78,000, currently reported at $78,006, while Ethereum also rebounded, breaking through $2,300, currently reported at $2,301.The Hong Kong Hang Seng Tech Index strengthened in the afternoon, with Semiconductor Manufacturing International Corporation leading the constituent stocks, and the Hang Seng Index is currently up 0.81%. The A-share Sci-Tech Innovation 50 Index rose over 5% in the afternoon, the ChiNext Index rose over 4%, Northern Huachuang and Tuojing Technology rose over 10%, and several Sci-Tech semiconductor ETFs rose over 10%, with semiconductor equipment ETFs such as Guangfa reaching the daily limit. The South Korean KOSPI Index turned positive, erasing a previous decline of up to 4%. Spot gold's daily increase expanded to 1%, breaking through $3,970 per ounce, while spot silver rose over 2% during the day, currently reported at $50.79 per ounce.
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