According to Matthew Sigel, head of digital asset research at VanEck, with a hashrate of 1038 EH/s, an electricity price of $0.08, an S21 XP mining rig price of $3459, and a three-year depreciation period, Bitcoin would need to reach an average price of approximately $100,000 for miners to break even, and approximately $116,000 would be needed to achieve cash recouping by the end of 2028.

[Maylea Ma and Michael Ho: US Crypto Regulation Will Be Led by Federal Agencies] Maylea Ma, Vice General Counsel at 1inch, stated that substantial progress in US digital asset regulation will primarily come from the SEC, CFTC, and Treasury Department, rather than Congress. Michael Ho, co-founder of Doma Protocol's D3 team, stated that the stagnation of market structure legislation has left US crypto policy reliant on institutional guidance that can be overturned by future governments, leading to continued institutional investor caution.

Several Republicans involved in the House elections are concerned about preliminary results, believing that Democrats may win by a large margin tonight. A Republican official in Georgia stated that several Republican campaigns worry that voter turnout in Georgia will not be high enough to defeat the Democrats. Several Republican officials in Texas warned that if Republican voter turnout is low today, tonight could be very difficult for Texas Republicans. (Source: CNN)

Nasdaq 100 futures fell more than 1%, S&P 500 futures fell 0.61%, and Dow Jones futures fell 0.44%.

Data from the prediction market platform Predict.fun shows that the probability of the Democrats winning both the Senate and the House of Representatives in the US midterm elections has risen to 92%, the probability of the Republicans retaining the Senate while the Democrats win the House is 9%, the probability of the Republicans retaining both houses is 1%, and the probability of the Democrats winning the Senate while the Republicans retain the House is 1%. As of 7 p.m. Eastern Time on November 3, voting in the US midterm elections continued. Polling stations in Georgia, Kentucky, South Carolina, Vermont, Virginia, and Indiana had closed. Voting had ended in some House districts in Florida, and voting in the rest of the state would close at 8 p.m. Eastern Time that day.