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According to monitoring by Arkham, a certain whale 0xB08 seemingly adopted a "better to buy wrong than to miss out" strategy during the market downturn, purchasing approximately 4.3 million dollars worth of altcoins from Binance, including SHIB, POL, EIGEN, VIRTUAL, PEPE, UNI, and others.About 70% of the funds are concentrated in three tokens: approximately 1.04 million dollars in VIRTUAL, approximately 1.02 million dollars in PEPE, and approximately 900,000 dollars in UNI, respectively focusing on the three major sectors of AI, Meme, and DeFi.

According to Bloomberg, NVIDIA CEO Jensen Huang was dismissed by the board on the evening of November 11 local time due to an extramarital affair scandal, and Chief Financial Officer Colette Kress has taken over as interim CEO.Insiders revealed that after weeks of denial, Huang broke down emotionally at the last moment, his iconic energy depleted, and began using phrases like "whatever" and "I don't care," lamentingly degrading himself as "a pile of shit." The dismissal was triggered by the exposure of his extramarital affair with a suspected Alice Huang, followed by revelations of a relationship with another executive.Currently, NVIDIA's board has hired a law firm to investigate. Huang is expected to testify before Congress regarding the related events in the coming weeks.

Some NVIDIA employees are calling for former CEO Jensen Huang to return. A long-serving engineer submitted feedback through the company's internal suggestion channel before Jensen Huang's resignation, requesting the board to consider employee sentiments before taking action and to publish the survey results, formally soliciting employee opinions on Jensen Huang continuing as CEO. This matter has accumulated over 1,600 comments, the majority of which support Jensen Huang's reinstatement. Another employee sent an email to the entire company, requesting increased transparency regarding Jensen Huang's departure.Jensen Huang has led the company since NVIDIA's founding in 1993. In an email sent to employees on Sunday, he admitted to infidelity and stated that there were "no excuses." The board announced his resignation on Thursday morning, following media reports alleging that he had an extramarital affair with a direct subordinate; Reuters subsequently reported that he was also alleged to have had an affair with another NVIDIA employee. Jensen Huang has not responded to related reports since the Sunday email. The board has appointed Chief Financial Officer Colette Kress as interim CEO and appointed former Synopsys CEO Harvey Jones as chairman.

The official website of NVIDIA has updated the management profile page, with interim CEO Colette Kress listed first, while Jensen Huang is placed in the "Founder" section.Jensen Huang's personal profile page has also been updated, mentioning that he founded NVIDIA in 1993 and previously served as the president and CEO of NVIDIA, as well as a board member.

According to Bloomberg, informed sources say that Samsung Electronics is in talks to acquire the U.S.-listed data center cooling system manufacturer Modine Manufacturing. The two parties are discussing a potential deal that could be reached in the coming weeks. No final decision has been made yet, and negotiations could still break down or other bidders may emerge.Modine was founded in 1916 and primarily develops thermal management systems. As of Thursday, the company's market value was approximately $5.6 billion. Following the announcement of the acquisition talks, Modine's stock price rose about 29% in after-hours trading.

On November 12, Gate founder and CEO Dr. Han was invited to speak at the Oxford Union, delivering a keynote speech titled "Start Alone," reflecting on his 13 years of entrepreneurial journey since founding Gate alone in 2013. He shared experiences and thoughts on entrepreneurial resilience, rapid innovation, team building, and opportunities for entrepreneurship in the AI era.Dr. Han stated that the founding of Gate stemmed from his early experiences of losses incurred through trading on online forums. To create a more trustworthy digital asset trading platform, he started his business alone without external venture capital support. Since then, Gate has experienced multiple industry fluctuations and significant business challenges, gradually growing through continuous innovation and adjustments. He emphasized that maintaining a strong long-term belief, quickly seizing new opportunities, and continuously improving innovation and execution efficiency are crucial factors for companies to face challenges and achieve long-term development.Regarding the AI era, Dr. Han proposed the "Boss + AI" model, pointing out that AI can significantly enhance information acquisition, knowledge learning, and daily work efficiency, empowering individual entrepreneurs with stronger execution capabilities. At the same time, he emphasized that "Start Alone" does not mean always going it alone; entrepreneurs must have the courage to take the first step independently while also seeking suitable partners and team members during the development process. Through this keynote speech at the Oxford Union, Dr. Han brought Gate's 13 years of entrepreneurial journey into a broader industry discussion and, drawing from years of personal practice, provided insights and inspiration for a new generation of entrepreneurs.

According to Modern Express, Capital Medical University recently reported a telecom fraud case where a freshman from the class of 2026 was scammed by someone impersonating public security and judicial personnel, resulting in a total transfer of nearly 1.8 million yuan. The police urgently intercepted 370,000 yuan, with an actual loss of over 1.42 million yuan.The scammer used methods such as forging police officer credentials, case documents, and threats of retaliation to demand that the student cut off contact with their family and school. They lured the student into withdrawing 200,000 yuan in cash, 450 grams of gold, and additionally purchasing 370,000 yuan in virtual currency, as well as transferring 710,000 yuan online. During this time, bank and police staff inquired and advised multiple times, but they were unable to stop the fraud in time.

In the Huang Renxun incident, the involved company Megaspeed International officially announced that it attaches great importance to complying with U.S. export control laws, stating that compliance is the company's top priority, and it is committed to constructive and transparent cooperation with the U.S. government.Megaspeed has cooperated with the U.S. Department of Commerce's Bureau of Industry and Security (BIS) inspections and is ready to fully cooperate with other relevant U.S. government agencies at any time. To further strengthen its compliance commitment, Megaspeed has hired a well-known U.S. law firm to lead a comprehensive inventory of the company's graphics processing units (GPUs) and independently verify the company's export control compliance practices. Megaspeed stated that it welcomes appropriate government oversight and will demonstrate through concrete actions that the company operates in a responsible and transparent manner while complying with applicable U.S. laws.Megaspeed is a cloud computing and data center company registered in Singapore and is an important customer of NVIDIA. The New York Times previously cited trade data reporting that from June 2024 to February 2026, Megaspeed's affiliated company in Malaysia procured advanced AI servers and other equipment, including NVIDIA chips and related products. Huang Le previously served as the CEO and chairman of the board of Megaspeed and is one of the main controllers; she has appeared alongside Huang Renxun multiple times at public business events.

According to GMGN data, the top 5 tokens with net inflow in the past 24 hours are as follows:FOOD (FTu5....ump): Net inflow of $4,000, with a 24-hour increase of 19351.5%, currently priced at $0.0005.DacityCoin (4rYs....ump): Net inflow of $1,000, with a 24-hour decrease of -41.3%, currently priced at $0.0003.SPCX (SPCX....mGb): Net inflow of $939, with a 24-hour increase of 0.3%, currently priced at $140.995.THRONG (FQbU....ump): Net inflow of $791, with a 24-hour increase of 9077.3%, currently priced at $0.0003.Biberty (ArvN....ump): Net inflow of $729, with a 24-hour increase of 3.2%, currently priced at $0.0001.

During an interview at the White House on Thursday, U.S. President Trump disclosed details of a private conversation with Jensen Huang for the first time, stating that Huang had proactively called to discuss the recent scandal and the harm it caused to his family. Trump mentioned that Huang is currently experiencing "hellish torment," and what saddens him the most is that his wife and family have been hurt. Trump stated that Huang's achievements are incredible and believes he will ultimately be able to stand up again.According to a previous report by The New York Times, Trump had called Huang before his resignation, urging him to fight to keep his CEO position, but Huang ultimately chose to resign. In addition, Trump also named former Apple CEO Tim Cook on social media, stating that he is the only suitable candidate to succeed Huang, describing the idea as "legend replacing legend." Cook stepped down as Apple CEO in September this year and currently serves as the company's executive chairman.

Analyst Jukan posted on platform X, stating that Nvidia chips are currently still in short supply, but to maintain the premium for chip scarcity, the company needs to continue supporting emerging cloud service providers (Neocloud). If the new CEO adopts a more cautious attitude towards this business model, it may lead to pressure on GPU spot prices, a decline in cloud service providers' profit margins, and prompt them to turn to alternatives such as AMD or Google TPU, thereby weakening Nvidia's market dominance and supply chain control.Jukan stated that Jensen Huang has been working hard to maintain Nvidia's growth flywheel, which not only helps to expand chip demand but also ensures the computing power utilization of emerging cloud service providers. Huang originally hoped to gradually let go once the emerging cloud service providers could independently order the next generation of GPUs, but it is currently uncertain whether the successor CEO is willing to wait.

According to the market information platform Liquid247.xyz, Coinbase's spot BTC has approximately 139.21 buy orders at the price level of $70,050, with a nominal value of about $9.7516 million, retracting about 0.56% from the mid-price of approximately $70,444 at that time. The total buy orders at the near-end market are about $39.3267 million, while the sell orders are about $27.2126 million.Coinbase's spot buy orders have a net long position of about $12.1141 million, accounting for 18.21% of the total depth. This buy order is the most prominent support at the near-end; if a large market order appears, it may provide some support for the current price.

According to Bloomberg, Nvidia is searching for a formal successor to CEO Jensen Huang. Following multiple revelations of Huang's extramarital affairs, the company has commissioned an external agency to identify potential candidates. Chief Financial Officer Colette Kress has taken over as interim CEO; she is the most well-known executive among investors after Huang. Bloomberg states that the board typically considers having the CFO take over to stabilize the situation, but financial executives are often viewed as transitional candidates in tech companies.Other potential candidates listed by Bloomberg include: Ian Buck, who is responsible for data center products and AI chips and invented the CUDA software framework; Rene Haas, who previously worked at Nvidia and now leads chip design company Arm; Lisa Su, who leads AMD and has seen AMD's stock price increase nearly 170 times during her tenure; and Johny Srouji, who leads Apple's in-house chip project.The list also includes Matt Garman, head of Amazon Web Services (AWS); Sanjay Mehrotra, chairman and CEO of Micron Technology, who has seen Micron's stock price increase over 2700% during his tenure; and Amin Vahdat, who is responsible for Google's TPU project. Bloomberg states that finding a suitable successor for this globally highest-valued chip manufacturer is not easy.

According to The Block, TRM Labs has launched a custody service called Beacon Concierge, aimed at assisting law enforcement agencies in collaborating with cryptocurrency exchanges and stablecoin issuers to prevent and seize illegal cryptocurrency flows on any chain or asset.Beacon has over 200 members, covering 80% of cryptocurrency trading volume, with response times measured in minutes.

The U.S. Department of Justice has stated that it is working with the two largest stablecoin issuers globally to attempt to recover nearly half of the stolen funds from the Binance hacking incident. In this attack, hackers stole over $6 billion in assets from the Binance cryptocurrency exchange.The U.S. Department of Justice has obtained court authorization to seize or restrict the disposal of $1.2 billion from the $2.7 billion that Tether and Circle Internet Group immediately froze following the hacking incident on October 29. Investigators are still tracking the remaining funds. The Federal Bureau of Investigation refers to the related hacking group as TraderTraitor, which is currently attempting to transfer and launder the stolen assets through cross-chain bridges, mixers, and cryptocurrency exchanges.

Reuters reported on November 12, citing three informed sources, that Chinese artificial intelligence companies are attempting to rent Nvidia chip computing power from overseas data centers, concerned that the controversy surrounding Nvidia CEO Jensen Huang may prompt Washington to tighten restrictions on the remote use of advanced processors. The United States has restricted the export of Nvidia's most advanced artificial intelligence chips to China, and Chinese companies can currently use such processors remotely by renting computing power from overseas data centers. A large Chinese cloud service provider has internally discussed whether to secure overseas Nvidia chip capacity, and some companies have contacted data center operators to negotiate reservations. The informed sources declined to be named due to the sensitivity of the matter and did not specify the cloud service provider.Two informed sources stated that smaller artificial intelligence labs are also considering similar arrangements, including reaching out to major computing power rental service providers in Southeast Asia. These companies are concerned that the controversy surrounding Jensen Huang may provide political momentum for the U.S. Remote Access Security Act (RASA). This bill aims to authorize the U.S. Department of Commerce to regulate remote and cloud access to restricted technologies. The U.S. House of Representatives passed the bill in January with a vote of 369 in favor and 22 against, and it is currently awaiting Senate review. Reuters stated that Nvidia's advanced processors are used to train and run the large models behind generative artificial intelligence products like chatbots, and restricting overseas cloud access will make it more difficult for Chinese developers to obtain high-end computing power without directly importing chips.Jensen Huang stated on Sunday that he was unfaithful to his wife. The New York Times reported that the individual involved is Alice Huang, a former executive of Singapore cloud computing company Megaspeed, who U.S. authorities have identified as a Chinese intelligence operative. Reuters stated it was unable to independently verify the allegation, and the Chinese side has denied it. Two informed sources said that Alice Huang has business dealings and investment relationships with Chinese tech companies such as Tencent and Alibaba, which did not immediately respond to requests for comment. Business filings in Singapore reviewed by Reuters show that Alibaba subsidiary Apex Enterprise Solutions had provided financing to Malaysian company Speedmatrix, which is associated with Megaspeed. Megaspeed denied illegally transshipping Nvidia chips subject to U.S. export controls to China. Two other informed sources stated that traders and intermediaries have begun hoarding restricted Nvidia artificial intelligence chips in China's gray market, with buyers concerned that the controversy may prompt the U.S. to take broader action against the smuggling of advanced chips and artificial intelligence servers.

According to Crypto Briefing, Lightning Labs released the open-source extension pi402 on November 12, enabling AI programming agents to use Bitcoin to pay for their reasoning fees via the Lightning Network. This tool is specifically built for Pi programming agents and does not require account registration, API keys, or credit cards; agents can resume work by paying invoices after seeing the prices.pi402 is based on the L402 protocol, combining the HTTP 402 "Payment Required" response with Lightning Network invoices, allowing for instant settlement after payment by the agent. This implements a token-based billing model, where agents pay based on actual consumption. Sellers can accept payments through the Aperture and Lightmeter tools, and neither party needs to run a Lightning node; payments are processed by the Ark-based Wavelength wallet. The demonstration price is approximately $0.375 per million input tokens and $1.5 per million output tokens.

According to Bloomingbit, the U.S. Treasury is promoting a plan to impose counterparty due diligence requirements on stablecoin issuers that are equivalent to those for banks.The core of the proposal is to require stablecoin issuers to bear the same counterparty due diligence obligations as U.S. banks, tightening the verification standards for stablecoin issuers. Specific details, including the implementation timeline and the scope of entities and activities covered, have not yet been disclosed.