According to CoinMeta, a report indicates that based on various indicators such as Bitcoin computing power, stablecoin payments, spot trading volume, and on-chain activity, the United States accounts for approximately 15% to 20% of global crypto activities, with the remaining 80% to 85% occurring outside of the U.S. Among these, the U.S. comprises 36% of global Bitcoin computing power, 24% of stablecoin payments, and 15% of spot trading volume. Grayscale believes that the crypto industry has already developed characteristics of globalization, institutionalization, and cross-party support, and that regardless of the outcome of the mid-term elections in the U.S., the industry will continue to grow.