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According to Forbes, the board of directors of Nvidia is preparing to dismiss CEO Jensen Huang, who has served for 33 years, and may hold a meeting on November 11. Forbes reports that since The New York Times first reported on October 29 about Huang's relationship with Megaspeed executive Huang Le, Nvidia's market value has evaporated by approximately $1 trillion. In after-hours trading on November 11, the stock price fell another 8%. Wedbush analyst Dan Ives warned that if Huang is dismissed, the market value could evaporate another $1 trillion to $1.2 trillion.On November 8, Huang admitted to being unfaithful in a letter to employees. An Nvidia spokesperson stated that Huang is committed to leading Nvidia without interruption. On November 11, The New York Times reported again that Huang has an extramarital affair with Kimberly Powell, the vice president of the company's healthcare business who reports to him. Forbes cited that before this report was released, Doug Clinton from Intelligent Alpha estimated the likelihood of Huang leaving the CEO position at 10% to 20%, while Yale professor Jeffrey Sonnenfeld believed the chances of staying or leaving were equal.Forbes stated that Nvidia does not have a public succession plan, and Huang has 60 direct subordinates. Newsweek believes that if he steps down, CFO Colette Kress may serve as interim CEO. Nvidia has set its third-quarter revenue guidance at $10.8 billion, with analysts expecting a year-over-year growth of about 91%. The company is scheduled to announce its financial report on November 17. Forbes also cited SFist, stating that if Huang's wife files for divorce, under California's community property rules, the settlement amount could be between $62.6 billion and $81.1 billion.

ARK Invest's Head of Digital Asset Research, Lorenzo Valente, stated that since 2017, the cryptocurrency industry has lost approximately $26.9 billion due to hacking attacks, while the total on-chain revenue during the same period was about $47 billion, which means that for every $1 of on-chain revenue generated, assets worth about $0.57 were stolen.Among these, Binance was hacked for as much as $6.36 billion, even exceeding the entire on-chain revenue of the cryptocurrency industry so far in 2026. Valente believes that security issues have become a key bottleneck restricting the development of the cryptocurrency industry.

According to Bloomberg, the cryptocurrency industry's efforts to rewrite the way stock trading works are accelerating amid widespread opposition.Represented by the tokenized stock platform in collaboration between OKX and the Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, these products plan to allow stocks of U.S. listed companies to be traded in token form and extend trading hours. Robinhood has expressed support for its stocks to be listed on this platform, while companies like Apple and Meta have publicly opposed it, citing unauthorized reasons, and the number of publicly opposing listed companies has continued to increase since the end of October.The controversy centers on three points: whether tokens are issued by a third party or authorized by the issuer, who maintains the shareholder register, and whether the token price will decouple from the underlying stock. Supporters believe this can lower the barriers to cross-border trading and extend trading hours to all day; opponents worry that investors may mistakenly view tokens as products endorsed by the company and question whether shareholder rights will be diluted.

Binance co-founder He Yi posted that in recent days, the internet has been filled with scandalous rumors about Asian women and spies, and many female professionals in the industry have been passively drawn into various scandals, which makes her feel complicated. She believes that equality should be pursued, meaning that one should evaluate a person's achievements without regard to gender.She pointed out that opportunities for women in the workplace are not equal, and workplace harassment is also common. Female managers who can stand on their own often have to invest more time and effort than others.He Yi mentioned that accounts that create rumors by exploiting gender should be cleared from the industry. The legal department will provide legal protection for Binance's female employees, and she welcomes ambitious and down-to-earth women to join Binance, where the company will provide a fair and transparent workplace environment.

Forward Industries (FWDI), a Nasdaq-listed company, disclosed that since the end of September, it has acquired approximately 226,000 SOL through purchases and staking rewards, increasing its holdings to about 8.7 million SOL, valued at approximately $726.5 million, which accounts for about 1.5% of the circulating supply of Solana. The company is currently the largest publicly traded holder of Solana, far exceeding the second-ranked DeFi Development Corp., which holds just over 2.6 million SOL.This disclosure comes as both SOL and Forward's stock prices have declined. SOL fell to $82 on Tuesday, marking its lowest level in nearly three months, before rebounding to around $83.5; Forward's stock also dipped to a near three-month low of $5.25, with a cumulative decline of over 28% this year.Forward also announced that it has secured a two-year, $50 million credit line from an unnamed national bank in the U.S., with the loan collateralized by SOL, and the related SOL will remain staked to allow the company to continue earning staking rewards. The company has also committed to investing up to $50 million in USHP, a product that tracks U.S. housing prices, which is also issued in collaboration with Galaxy-Sharplink Onchain Yield Fund. Forward plans to use the investment returns to purchase more SOL.

According to the official announcement, real estate investment infrastructure company Index Industries has completed a $50 million seed round financing, led by Lightspeed Venture Partners, with participation from Polychain Capital, Galaxy Ventures, Wintermute Ventures, and others.The company was co-founded by Josh Rosenthal, former president and general partner of Polychain Capital, and Brian Hardecker, CEO of residential real estate platform Longmark. The platform combines the daily published U.S. housing price index, tokenization technology, and real estate and capital market services, aiming to transform U.S. housing into an investable asset class, with its first product being the U.S. Housing Price Benchmark Index USHP Index.

This evening, Alibaba announced its plan to spin off its wholly-owned subsidiary Pingtouge (Shanghai) Technology Co., Ltd. for an independent listing on the main board of the Hong Kong Stock Exchange. A professional investment institution representative, in an interview, provided a valuation for Pingtouge at between 20 billion and 30 billion USD.Previously, according to media reports, Pingtouge plans to go public in Hong Kong next year, with a fundraising scale of 2 billion to 3 billion USD. Analysts from JPMorgan had estimated its potential valuation earlier this January, roughly calculating it to be between 25 billion and 62 billion USD.

On November 9, Gate founder and CEO Dr. Han was invited to the headquarters of the F1 Red Bull Racing team in Milton Keynes, UK, to participate in the "Racing the Future Vol.5" series of events and deliver a keynote speech. During this time, Dr. Han engaged in discussions with F1 Red Bull Racing team CEO and team principal Laurent Mekies, exploring global market expansion, technological innovation, and future cooperation directions.The keynote sharing session was opened by Gate Europe CEO Dr. Giovanni Cunti. Following this, Dr. Han delivered a keynote speech titled "New Rules, New Grid: Be Ready for Crypto's New Era," starting from the changes in F1 regulations to discuss the reshaping of the crypto industry under security risks, tightening regulations, and the rapid development of emerging businesses.In the face of industry changes, Dr. Han shared Gate's three major forward-looking layouts: in terms of security, launching the PoSEC fund security proof to enhance the transparency of fund storage; in terms of compliance, continuously promoting global market layouts, with compliance coverage in 81 jurisdictions; in terms of business, expanding financial services such as Gate Pay and Gate Money to promote the integration of digital assets with traditional finance.As the official sponsor of the F1 Red Bull Racing team and exclusive cryptocurrency trading platform partner, Gate also visited the Red Bull Racing factory to gain an in-depth understanding of its technology research and development and racing engineering system. In the evening, a high-profile networking dinner was held, gathering executives from both sides and invited guests to engage in in-depth discussions on technological innovation, global market expansion, and cross-industry cooperation, further deepening the cooperative relationship between the two parties.Disclaimer: This event is for entertainment and social interaction purposes only and does not constitute any offer, solicitation, or recommendation. UK users are not allowed to use Gate services through Gate.com and can only use services provided by Gate UK. Gate will not promote or provide products or services on Gate.com in restricted areas (including the UK).

Robinhood confirmed that it does not oppose its stocks being traded on the tokenized stock trading platform OKXICE, launched in collaboration with OKX and the parent company of the New York Stock Exchange, ICE, becoming the third company to explicitly state its non-opposition after Securitize and BitGo. According to the list disclosed by OKXICE on November 5, 56 out of the first 62 companies proposed for launch have already expressed opposition, accounting for about 90%.The 6 companies that have not publicly opposed are closely related to the cryptocurrency industry, including Robinhood, Securitize, BitGo, Circle, Coinbase, and Strategy. The platform intends to trade tokenized stocks through an automated market maker (AMM) based on the SEC's five-year innovation exemption mechanism, allowing token holders to enjoy the same dividends and voting rights as the underlying stocks, while the issuing company can raise objections within 30 days after receiving notification.

The South Korean Minister of Industry stated that the current issues affecting NVIDIA will not impact South Korea's contracted GPU supply from the company.

Meta Financial AI stated on platform X that when exchanges encounter significant crises, their platform tokens often suffer the most impact first, citing the price performance of tokens after security incidents involving FTX, WazirX, and Bitget as examples. Binance experienced a $6.3 billion hack on October 29, marking the largest hacking incident in the history of the cryptocurrency industry, approximately 16 times the losses Bitget faced in its previous attack. However, over the past 30 days (including the period during the hacking incident), SOL, XRP, ETH, BTC, and BNB fell by 18.3%, 16%, 9.7%, 7.4%, and 5.7% respectively, with BNB experiencing the smallest decline.Zhao Changpeng responded by stating that the price trends of most crypto assets are generally synchronized, with only minor percentage differences; the impact on one asset can ripple through the entire industry, making internal conflicts within the industry meaningless. He called for the cryptocurrency industry to be "decentralized but united."

According to Bloomberg, over the past two years, the cryptocurrency industry has enjoyed a rare political advantage in Washington: the U.S. President has prioritized digital assets as a national priority, regulators have paved the way for it, and the Republican-controlled Congress has been sympathetic to its agenda. With the Democratic Party's significant victory in the midterm elections and control of Congress, the cryptocurrency industry is facing stricter rules and closer scrutiny of Trump's cryptocurrency business, and its political advantage is waning.The Democratic Party has indicated plans to impose stricter ethical constraints, stronger consumer protections, and to give the SEC a greater role in regulating digital assets. Cryptocurrency critics Maxine Waters and Elizabeth Warren are expected to wield greater influence in the House Financial Services Committee and the Senate Banking Committee, respectively. However, many of the cryptocurrency industry's achievements are difficult to reverse, such as the stablecoin bill which requires new legislation to be repealed.

Crypto journalist Eleanor Terrett posted on the X platform that former House Financial Services Committee Chairman Patrick McHenry stated that the cryptocurrency industry missed the best opportunity to promote market structure legislation and establish a regulatory framework; he also admitted that he bears some responsibility for this.

Solana co-founder Anatoly Yakovenko predicts that the Democratic Party may turn its attention to the cryptocurrency industry, as no one really wants to stop the construction of data centers.