Matrixport: Bitcoin Falls Below Bull-Bear Line for Two Consecutive Weeks as Inflows Weaken

According to a New York Times report, U.S. President Donald Trump, in an interview, attributed the Republican Party's midterm election losses to his decision not to run in the polls, adding that he would accept the midterm results and expressed willingness to cooperate with the Democratic Party. Trump said, "I absolutely accept these results. We will work with Democrats, and look forward to collaborating with them. We may be able to reach some deals." Trump added he has no regrets endorsing candidates including Republican South Carolina Senator Lindsey Graham and Texas Republican Attorney General Ken Paxton. Currently, the Democratic Party is on track to win control of both the House of Representatives and the Senate. Graham lost his election, while Paxton is trailing in the Senate race. Trump argued that Senator Lindsey Graham, who died in July, would have likely won if he had run in the midterms.

According to CNN, Democratic candidate Hinojosa is projected to win the Texas gubernatorial election, becoming the first Democrat elected governor of the state since 1990. BlockBeats previously reported that CNBC cited analysts’ judgment, noting that the scenario most concerning to the market is “Talarico winning a Senate seat while Hinojosa defeats Abbott to secure the governorship” — a combination that would significantly amplify negative implications for AI-related transactions. Incumbent Republican Governor Abbott suspended data center permits in September, but analysts widely expect he would lift the ban if re-elected, while Hinojosa is expected to maintain or even tighten restrictions. Wells Fargo estimates that around 27% of the total gigawatt capacity of U.S. AI data centers is concentrated in Texas. Thanks to its lenient regulatory environment, abundant energy supply, and tax incentives, Texas has emerged as a core destination for AI infrastructure expansion. Once Texas’ policy direction shifts, both its symbolic significance and the actual impact on capital expenditures will extend beyond state borders.

According to TradingBeats' monitoring, the Texas gubernatorial election has entered the vote-counting phase, with Democratic candidate Gina Hinojosa leading in released ballots, and her policy proposal to restrict large data center expansion has drawn attention. Hyperliquid computing power-related contracts weakened simultaneously; since 9 a.m. today, CoreWeave (CRWV) has fallen approximately 5.3% to $50.06, while IREN and CIFR dropped around 6.2% and 7.7% respectively. Hinojosa advocates suspending approvals for new data centers until the state legislature enacts regulations protecting residents' water, power, and community rights, while eliminating existing tax incentives for large data centers. CoreWeave still has large-scale computing power infrastructure pending delivery in Texas. Galaxy previously disclosed that its Helios data center campus in West Texas has delivered 133MW of critical IT load to CoreWeave, with an additional 260MW phase two project under construction, expected to start delivery in the first half of 2027. Future changes to data center regulatory policies may impact the expansion and delivery schedules of local projects. According to TradingBeats' monitoring, during the decline of computing power stocks, trader 0xa290 established a new short position of approximately $500,000 in CRWV via a 30-minute TWAP trade. The account currently holds positions worth around $491,400, with an average entry price of $50.28, using 10x isolated leverage, and a liquidation price of $52.69.

Cryptocurrency exchange BitMart, which has announced its shutdown and is proceeding with reorganization and liquidation, founder Sheldon Xia confirmed in a post that BitMart was also hacked yesterday. The incident involved a small sum of funds; the team has swiftly launched an investigation and strengthened security defenses. Preliminary investigations indicate that yesterday’s hack may have been carried out by the same group that attacked Brazil’s Bitcoin market operator Mercado Bitcoin on the same day.

According to data from election prediction organization Decision Desk HQ (DDHQ), Democrat Amy Acton is projected to win the Ohio gubernatorial election, a seat previously held by a Republican.

Insight Beating AI News Flash: OpenAI CEO Sam Altman publicly posted his opposition to a future where humans live in ways AI considers worthy of reward, with AI deciding what returns to grant. In his view, humans must always retain control over the future; even if that requires limiting the development of superintelligence, decision-making power must not be ceded. Altman did not name names, but the statement he cited directly comes from Anthropic CEO Dario Amodei’s 2024 essay *Machines of Loving Grace*. Amodei raised a question at the time: If AI eventually becomes better than humans at nearly all tasks, and is cheap enough to render humans economically uncompetitive, how will society function? He discussed several possible solutions, including universal basic income, and an economic model where AI generates massive wealth then distributes resources based on human behaviors it deems worthy of reward. In this latter scenario, humans may no longer need to work for a living, but the amount of resources they receive will depend on AI’s evaluation of their actions. However, Amodei did not put forward this mechanism as a formal proposal. He acknowledged all these plans have serious flaws, and warned of potential exploitation and dystopian outcomes.