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Tianfeng International Securities analyst Ming-Chi Kuo stated that Jensen Huang's importance to NVIDIA lies in his ability to transform technologies deemed feasible by engineers into products that the company must invest resources in, take risks on, and deliver. He believes this provides the supply chain with strong order visibility and a willingness to cooperate with aggressive specification upgrades; this move will also force competitors to follow suit, thereby driving technological upgrades and supply chain investments across the entire AI industry.Kuo mentioned that compared to providing order visibility to the supply chain, deciding on and implementing aggressive specification upgrades is more challenging. Jensen Huang does not need to be the person within NVIDIA who understands new technologies such as HVDC, CPO/NPO, or CCL/PTFE the best; his value lies in weighing strategy, organization, technology, and supply chain simultaneously, and making decisions and allocating resources quickly. He indicated that based on the information currently available, it is difficult for Jensen Huang to step back completely; if so, the actual approach may be to gradually reduce NVIDIA's reliance on Huang's personal decisions while preparing a succession plan. Two things worth observing in this process are whether NVIDIA can continue to develop new products and technologies as efficiently as before, and how competitors will respond. He stated that supply chain research will be an important basis for judging the direction of AI technology and investment.

According to a report by the Korean News Agency, on November 11, the South Korean Ministry of SMEs and Startups released the "AI Startup Unicorn Cultivation Strategy" in Seoul, proposing to cultivate 20 AI unicorn companies valued at over 1 trillion Korean won and 1 AI decacorn company valued at over 10 trillion Korean won by 2030.The ministry will select 50 AI startups each year as candidates and provide over 10 billion Korean won in R&D and commercialization funding support for companies that enter the final stage of the project. South Korea will also build a comprehensive empirical system connecting AI semiconductors, cloud, and services, and expand the "Government First Verification and Procurement" project, which allows government and public institutions to be the first customers, into the AI field.

According to a survey by the technology media outlet The Information on NVIDIA's board of directors, the fate of founder and CEO Jensen Huang currently depends on the board. This company, which has the highest market value globally, does not have a clear successor for the CEO position, and there are several long-time partners who have worked with Huang for decades on the board. The board needs to investigate whether Huang's personal relationships have led to the leakage of company secrets and whether he has violated internal regulations; if issues are found, they must also decide how to handle this founder and CEO.NVIDIA has a total of 11 directors, including Jensen Huang himself, with 5 of the remaining 10 having served for over ten years. Venture capitalists Tench Coxe and Mark Stevens joined the board when the company was founded in 1993, coming from early investors Sutter Hill Ventures and Sequoia Capital, respectively. The person most likely to lead the investigation is Chief Independent Director Stephen Neal, a nearly 80-year-old lawyer who joined the board in 2019 and serves as the chair of the corporate governance committee; his firm, Cooley LLP, has provided legal services to NVIDIA since 1993. NVIDIA has not yet announced the members of the investigation committee, and it is still uncertain whether Neal will personally lead it.Neal previously defended Theranos founder Elizabeth Holmes and represented key figures in the U.S. savings and loan crisis, such as Charles Keating; FTX founder Sam Bankman-Fried also proposed him as chairman when the company was on the brink of bankruptcy. He is also responsible for overseeing Meta's independent content review board, and a person familiar with him described his approach as pragmatic, preferring to resolve issues with minimal disruption. Jensen Huang has long directly managed dozens of executives, with core business leaders reporting directly to him, and there is no recognized second-in-command; none of the board members have held CEO positions at large companies. Harvard University corporate governance expert Jesse Fried expects the investigation could last for months, and the board is likely to ultimately choose to retain Jensen Huang.

Former U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler stated in an interview that after the scandal involving NVIDIA CEO Jensen Huang, the NVIDIA board will face "Tough Choices."However, as of now, the specific details and conclusions of the related investigation have not been disclosed in the provided information. Gary Gensler did not further clarify which aspects the board's decision specifically involves, but he mentioned that the stock price seems to show issues, and NVIDIA has already seen a decline in pre-market trading.

Investment institution The Future Fund managing partner Gary Black published an article discussing the impact of NVIDIA CEO Jensen Huang's infidelity incident. He expressed doubts about whether Huang could continue to serve as CEO of NVIDIA, believing this could exert short-term pressure on the stock of the world's second-largest company by market capitalization, and stated that there is no natural successor for Huang within the company.Gary Black also mentioned that although Huang has not committed any crimes or infringements, his code of conduct and judgment will be called into question, which is likely to lead NVIDIA's board to dismiss him. He stated that even if the market does not perceive long-term value impairment, many portfolio managers may still reduce their holdings in the coming weeks due to uncertainty about the successor to Huang as CEO of NVIDIA.

According to Bitcoin.com, the difficulty of Bitcoin mining has been below the historical high of 155.97T set on October 29, 2025, for 374 days, marking the longest duration in the network's history, surpassing the 364-day record set after the 2011 crash and the 253 days following China's mining ban in 2021. Economist Saifedean Ammous pointed out that the 95% price retracement in 2011 and the Chinese mining ban did not last as long as this, calling it a new world for Bitcoin mining.The difficulty dropped to a low of 124.93T in mid-June 2026, about 20% lower than the peak. Although there was a rebound in October, with the difficulty rising to 148.36T, Mempool.space predicts it will decline again by about 3.7% around November 13, further delaying new highs. Reports indicate that the pressure comes from the sluggish Bitcoin price and publicly listed mining companies selling off Bitcoin and shifting towards AI, while the Democrats pushing for data center restrictions after the midterm elections may also impact mining companies.

On-chain researcher Zeeme posted a lengthy analysis on X, explaining why hackers can attack Binance, Bybit, and Bitget, but find it difficult to breach Coinbase. He stated that Coinbase holds approximately 959,000 BTC, worth about $10.33 billion, and has not suffered such attacks in 14 years.Zeeme indicated that most exchanges concentrate billions of dollars in a few hot wallets for quick withdrawals; Coinbase, on the other hand, employs multi-party computation (MPC) technology, where the complete private key never exists on disk or in memory. Each key is split into shards upon generation and stored on isolated hardware chips.He compared that in October, after hackers compromised a DevOps personnel's computer at Binance and hijacked hot wallet signatures, they transferred approximately $6.36 billion within 20 minutes; whereas at Coinbase, even if they breach an engineer's computer, they can only obtain a useless shard of the key.Additionally, Zeeme later corrected that the approximately 69.8 million addresses mentioned in the post are Coinbase's deposit addresses, not the wallets holding funds, as Coinbase also has both hot and cold wallets.

According to mempool.space data, at 03:14:58 Beijing time, Bitcoin completed its latest mining difficulty adjustment at block height 973728, with the difficulty increased by 5.54% to 148.36T. The previous adjustment was an increase of 5.92% to 140.58T.

The cryptocurrency KOL Australian Lion Brother posted on platform X, stating that there are fewer and fewer mixing channels capable of handling large amounts of funds in Bitcoin today. Most centralized exchanges also require strict KYC and will cooperate in freezing funds. Additionally, on-chain tracking is becoming increasingly mature, making it significantly more difficult for hackers to transfer and cash out stolen funds.Australian Lion Brother mentioned that the 18,270 BTC (worth about 1.4 billion USD) stolen from Binance would be very slow to launder, even if it could be washed, and would likely require a significant discount. The risk of being intercepted along the way is also higher, and it may not become a force to crash the market in the short term. Binance co-founder He Yi replied to the tweet, stating, "We will pursue it to the end."

According to Cointelegraph, Robinhood CEO Vlad Tenev stated during the third quarter earnings call on Tuesday that there is uncertainty about whether U.S. tokenization rules can be sustained in the long term, which may hinder investors from allocating large assets into the tokenized market. He described the five-year innovation exemption granted by the SEC in September as "a very positive step," but emphasized that further rule-making or legislation is needed to bring long-term regulatory certainty.Tenev noted that the uncertainty regarding the direction of the rules after five years is likely to become an obstacle to allocating large assets to this technology when communicating with clients. Tokenized stocks have previously faced resistance from traditional issuers, with 16 companies including Microsoft, Alphabet, and Goldman Sachs opposing their stocks being listed on the proposed OKXICE platform. AMC CEO Adam Aron has also publicly criticized Robinhood's tokenized stock products.Robinhood currently offers about 200 stock tokens on the Robinhood Chain, supported by the underlying stocks, but constructed in the form of tokenized debt securities, providing only economic exposure without dividend and voting rights, thus falling outside the scope of the SEC innovation exemption that requires rights parity. Tenev stated that tokenized stocks of private companies will be launched overseas, while seeking a path that complies with accredited investor restrictions within the United States. Binance Research's baseline scenario predicts that the market size could reach $34.9 billion by 2030, with approximately $4.43 billion as of September 15.

According to a report by Cointelegraph, DWF Labs pointed out in a research report released on Thursday that the daily capital flow of the U.S. spot Bitcoin ETF is difficult to predict for Bitcoin's subsequent trends, with investors more inclined to buy after price increases and withdraw during declines.The study covers 694 trading days since the launch of the U.S. Bitcoin spot ETF in January 2024: in 8 instances where the Bitcoin price fell by 15%, there were net outflows of ETF funds in 7 of those cases; while in all 9 instances where the price rose by 15%, there were net inflows of funds.DWF Labs concluded that ETF capital flows are more about confirming market trends rather than predicting them in advance. Data shows that the correlation coefficient of the day's ETF capital flow with the price changes of Bitcoin over the previous 5 trading days is 0.54, but the correlation coefficient with the price changes over the subsequent 5 trading days is only 0.03. From October 2025 to February 2026, the net outflow from Bitcoin ETFs was approximately $6.9 billion, and during the market decline from May to June 2026, the net outflow was about $8.2 billion.DWF Labs also noted that some ETF trades may involve buying fund shares while simultaneously shorting Bitcoin through futures on the Chicago Mercantile Exchange (CME) as a hedging strategy, so the capital flow does not directly reflect investors' true bullish or bearish positions.

According to data from mempool.space, Bitcoin completed its latest mining difficulty adjustment at block height 971712, with the difficulty increased by 5.92% to 140.58T. The previous adjustment was a slight decrease of 0.03% to 132.72T.

Jiang Zhuoer, the founder of the Liebit Mining Pool, stated in a post that he currently believes Bitcoin is very likely to fall below $80,000, but it is very unlikely to drop below $77,000.$77,000 is both the point of control (POC) for the trading volume distribution of the previous fluctuation range and the POC since the rise on August 19, which is the price level with the largest trading volume in the corresponding range. He also believes that the market is very unlikely to drop below $75,000, allowing everyone to buy in at a comfortable position.

Investment bank TD Cowen's Washington research group Managing Director Jaret Seiberg stated in a report released on Monday that the proposed rulemaking advance notice issued by the CFTC last week is a positive step for crypto platforms, but the agency may not complete the rulemaking until early 2028. As the 2028 election cycle approaches, there is a risk that the rule may ultimately not be implemented. Seiberg noted, "Time is running out," and expects that the CFTC will not issue proposals until the end of the first quarter or early second quarter of 2027, with final rules possibly not being finalized until early 2028.Last week, the CFTC proposed a federal regulatory framework for crypto platforms but avoided direct jurisdiction over spot market trading. According to Seiberg, the proposed rules will require platforms to maintain "reserve proof audits" and grant the CFTC jurisdiction over state-licensed platforms. Previously, the U.S. Senate failed to pass legislation that would grant the CFTC broad powers over spot crypto trading in a preliminary vote, leading the CFTC and SEC to intervene in regulating the crypto industry, including the introduction of long-awaited innovation exemptions, but both agencies lack the permanence that legislation could provide.Seiberg also pointed out that if the CFTC decides to expedite the rulemaking process, it may actually increase the risk of court intervention. He stated that speeding up this process would raise the risk of judges blocking the rule on procedural grounds, and even if the agency is cautious enough, legal challenges could extend beyond 2028.

In episode 166 of the BidClub podcast, chip designer Bubble boi stated that high-bandwidth flash is technically attractive but lacks decisive data center use cases. The information he provided indicated that the main customers he heard about are Chinese clients who find it difficult to obtain or produce high-end HBM.Bubble boi mentioned that HBF and high-end AI flash have a latency of about 5 microseconds, lower bandwidth than HBM, a lower cost per bit, but the total cost may be comparable. He believes the clearest customers are entities unable to obtain HBM, which aligns with the Chinese demand he heard from two to three people, as they cannot adequately manufacture accelerators or are willing to accept non-leading specification products.