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As the Nvidia board met on Thursday to decide the fate of CEO Jensen Huang, the company's debt default insurance costs rose. ICE Data Services data showed that the cost of Nvidia's five-year credit default swaps (CDS) rose by 3.25 basis points at one point, to 1.445% per year, close to the intraday high set on November 3.Although this cost has more than doubled since the middle of the year, it is still only about half that of lower-rated mega cloud computing companies SpaceX and Oracle. According to a source familiar with the matter, the Nvidia board has been working with an external firm to identify potential CEO successors after reports of multiple extramarital affairs involving Jensen Huang. The board is considering appointing an interim CEO while searching for a permanent successor.

The U.S. Central Command stated that the U.S. military continues round-the-clock operations to ensure the Strait of Hormuz remains open to commercial shipping and strictly enforces the maritime blockade against Iran.The U.S. collaborates with interagency partners to prevent the Iranian Islamic Revolutionary Guard Corps from using land routes and the Caspian Sea to transport advanced weapon systems, dual-use technologies, and illicit financial flows.

A Reuters survey shows that the yield on the U.S. 10-year Treasury bond is expected to remain unchanged at 5% over the next 3 months, drop to 4.96% in 6 months, and decrease to 4.75% in one year.

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.

This week, the New York Stock Exchange chose Avalanche to provide infrastructure for its upcoming tokenized securities platform. On Monday, Ava Labs announced that Avalanche will serve as the "core ledger technology" for the tokenized securities platform being developed by the NYSE's parent company, Intercontinental Exchange. The product is designed to support 24/7 trading, clearing, and settlement of tokenized securities, pending regulatory approval.Market maker GSR research analyst Carlos Guzman stated that this is a "significant victory for the project," as the NYSE's choice of its technology for settlement greatly enhances institutional credibility and validates the value that blockchain technology brings to traditional financial infrastructure through instant settlement and programmability. Luther Maday, North America head of crypto payment company Mercuryo, mentioned that this decision was made after approximately a year of testing on Avalanche, indicating that the network has passed tests for performance, reliability, and control.Experts also remind that providing infrastructure does not necessarily mean the long-term value of the AVAX token will rise. Guzman pointed out that while the NYSE will use Avalanche infrastructure for clearing and settlement, actual transactions will still occur off-chain, with related activities running on dedicated infrastructure rather than the public C-Chain that carries most of the network's activities. Misha Putiatin, founder of Symbiotic, stated that the main challenge for Avalanche is whether it can achieve "value capture" that is difficult for other blockchains. According to Decrypt data, AVAX rose 3.6% in the past 24 hours to $8.64.

According to The Block, JPYC Inc., the issuer of the yen stablecoin, CEO Noritaka Okabe stated that as more banks face service disruptions, the demand for JPYC stablecoin will rise. Shortly before Okabe made the above remarks, Japan's GMO Aozora Net Bank suspended part of its bank API services after detecting unauthorized communications.Its parent company, GMO Internet Group, experienced a significant cybersecurity incident last month, involving ransom demands following unauthorized access to servers. JPYC is a regulated yen-pegged stablecoin, and the company registered as a money transfer service provider with Japanese authorities in October 2025.

U.S. Republican Senator Kevin Cramer accepted an interview with POLITICO and publicly called for Jensen Huang to resign as CEO of NVIDIA. He believes that Huang's extramarital affair poses a serious potential blackmail risk, especially considering that NVIDIA holds highly sensitive AI chip technology. Cramer stated, "The risk of being blackmailed is just too great; I think he must go."Cramer is a member of the U.S. Senate Banking Committee, which is reviewing several bills aimed at strengthening export controls on advanced AI chips. He believes that while it is certainly possible for NVIDIA's board to initiate an internal investigation, it is far from enough. Earlier that day, Larry Kudlow, the former director of the White House National Economic Council during Trump's first term, also publicly urged on Fox Business, "Mr. Huang, resign now." He believes this is a reasonable action for Jensen Huang to take at this time.As the controversy escalates, the U.S. Congress is also accelerating its scrutiny of NVIDIA's chip exports. The three bills under consideration by the Senate Banking Committee involve strengthening export approvals for advanced chips, tracking the destination of chips, and restricting the export of certain semiconductor manufacturing equipment. These bills are vying to be included in the annual National Defense Authorization Act and have not yet been fully passed.

Federal Reserve Governor Bowman stated that reducing inflation remains a priority.

Cryptocurrency trading platform Uphold announced that the previously encountered issue of cryptocurrency withdrawal interruptions has been resolved. The interruption was caused by a failure in its trading monitoring service provider, and the platform implemented measures during the outage.Uphold stated that during the process of addressing the issue, fiat currency deposits, fiat currency withdrawals, and trading functions continued to operate normally and were not affected by the interruption.

A Reuters survey shows that about 55% of the economists surveyed, or 56 out of 101, expect that the interest rate hike in December will mark the end of the current tightening cycle, a figure that is basically unchanged from last month.However, 45 economists still expect that the Federal Reserve will raise interest rates at least two more times, including more than half of the surveyed primary dealers, which is consistent with the expectations reflected in market pricing, and believe that the risks to the inflation outlook have not changed since the U.S. midterm elections. Changes in the political landscape are unlikely to quickly alleviate inflationary pressures.Despite market hopes that the nearly 9-month-long Middle East conflict could be resolved, leading to a drop of over 22% in crude oil futures prices from the late October peak, inflationary pressures still persist. A strong labor market, resilient economic growth, and inflation remaining above the Federal Reserve's 2% target for nearly six years all indicate that further tightening of monetary policy is still necessary.Wells Fargo Chief Economist Tom Porcelli stated, "The Federal Reserve's decision-making depends on the upcoming inflation data, which will prompt it to raise rates again. In fact, the Federal Reserve has every reason to raise rates at the October meeting."

Wintermute stated that after the U.S. midterm elections, the Democratic Party regained control of both houses of Congress, and the market began to reassess the regulatory risks faced by the AI industry. The AI trading, which was previously boosted by favorable Washington policies, has started to cool down. If the Federal Reserve raises interest rates during the correction of AI assets, the tightening of liquidity and the decline in risk appetite may simultaneously exert pressure on the cryptocurrency market.In the cryptocurrency market, Bitcoin rebounded to $81,000 last Wednesday but subsequently retraced most of its gains, dropping to a low of $73,500 on Sunday, close to the 200-day moving average of $73,000. Bitcoin's weekly close fell below the 50-week moving average of about $75,500, ending a previous streak of seven consecutive weeks above that moving average. The U.S. spot Bitcoin ETF saw a net outflow of $1.28 billion last week, marking the largest single-week outflow since June and erasing the cumulative net inflow for the year; only Wednesday recorded a net inflow of funds for the week.Meanwhile, over $1 billion in positions were liquidated in the market, with Ethereum's liquidation scale exceeding that of Bitcoin. Altcoins performed even worse than Bitcoin, with NEAR, HYPE, ENA, and LIT all dropping more than 10%. In contrast, ZEC became one of the few large-cap assets to rise against the trend, indicating that there is still some market demand for privacy-focused projects. Looking ahead, the market needs to remain cautious until Bitcoin reclaims the 50-week moving average. If Bitcoin's daily close falls below $73,000 and the 200-day moving average, the next key level to watch will be $68,000, and altcoins that previously rebounded significantly may face greater selling pressure. If Bitcoin's daily close reclaims and stabilizes at $80,000, and the spot Bitcoin ETF resumes weekly net inflows, a shift to a more positive outlook may be possible.In the short term, attention should be paid to the U.S. CPI data for October to be released on Tuesday, with core CPI expected to rise by 0.2% month-on-month. Additionally, Cisco and Applied Materials will report earnings on Thursday, U.S. PPI data will be released on Friday, and NVIDIA is scheduled to announce its financial results on November 17. The Federal Reserve will hold a meeting on interest rates from December 8 to 9, with the market currently estimating a probability of about 77% for an interest rate hike.

According to CoinDesk, Bitcoin traded below $75,000 on Tuesday morning as the market awaited the U.S. October CPI data. Economists expect the overall CPI to rise 0.3% month-over-month, with core CPI rising 0.2%, both slowing compared to September. Due to the U.S. government shutdown last October, the Bureau of Labor Statistics was unable to compile a complete index, so there is no year-over-year data this time.BRN analysts stated that any easing of inflation expectations would benefit risk assets, but Bitcoin needs real buying pressure. Until ETF fund flows turn positive and the Federal Reserve shifts to a dovish stance, the path of least resistance remains downward. Bitget Wallet analysts believe that moderate inflation data could trigger a brief rebound, but Bitcoin's sustained recovery depends on improved liquidity and spot demand. Analysts pointed out that if Bitcoin closes below $73,000 on a daily basis, it could trigger momentum selling down to $70,000; the $73,000 to $74,000 range is a key support zone, and reclaiming and holding above $80,000 would indicate increased demand.

According to on-chain data analysis platform Bubblemaps, crypto KOL Cupsey has traded over 27,000 types of tokens through 30 associated wallets since May 7, with approximately 3,000 types of token operations being profitable, involving about 1.74 million dollars.The related model involves the operational wallet buying and then distributing to associated wallets. Cupsey publicly buys into the wallet and copies the trader's purchases, while the associated wallets subsequently sell. Bubblemaps also stated that Cupsey has on-chain connections with deployers involved in multiple Rug Pulls, with the related Rugger profiting about 1.3 million dollars.

XWIN Japan pointed out that the whale ratio of Bitcoin exchanges has repeatedly broken 0.4, and it is estimated that the leverage ratio, although it has fallen, is still higher than the mid-October level.

Chicago Federal Reserve President Goolsbee stated that the construction of AI data centers shows characteristics of overheating traditional demand, with rising energy prices being transmitted to the service industry, and inflationary pressures spreading. He pointed out that the central bank needs to actively respond to economic overheating, as the U.S. job market and overall economic growth remain stable, while inflation continues to be the primary issue.

The October Consumer Expectations Survey by the New York Federal Reserve shows that U.S. consumers' inflation expectations for one year, three years, and five years remain at 3.9%, 3.3%, and 3%, respectively. The average expected probability of an increase in the unemployment rate over the next year has risen to 45.3%, the highest since April 2020. The expected growth in household income has decreased to 3%, and the expected growth in consumer spending has decreased to 5.3%.

According to Elliptic, North Korea-linked Binance hackers used homemade tokens and decentralized exchange liquidity pools to transfer stolen funds, with approximately 117,000 NEAR circulating through six types of homemade meme coins, valued at around $430,000.Elliptic stated that money launderers paired new tokens with assets like NEAR to establish liquidity pools, then a group of wallets purchased tokens with the illicit funds, while another group of wallets sold the tokens back to the pool and withdrew assets to avoid direct transfers between the buying and receiving wallets.The agency discovered this method on Tron and NEAR, and found similar operations on Solana, but the latter used existing low liquidity tokens. Elliptic indicated that related transactions can still be traced through on-chain records.

ARK Invest founder, Cathie Wood, criticized Anthropic CEO Dario Amodei in her monthly market outlook, stating that he has created negative headlines about AI risks and mass unemployment, including "a 10% chance of human extinction in the next decade, mass unemployment, and so on."Cathie Wood stated, "I don't understand why he would say these things. We don't believe any of these statements are true. In fact, we believe we will face a labor shortage."

According to Bloomberg reporter Mark Gurman, Apple's new CEO John Ternus recently spoke with software chief Craig Federighi, requesting to accelerate AI development and no longer be satisfied with merely patching Siri's existing features. Apple's next goal is to transform Siri into a truly proactive agent.Currently, Siri can understand screen content, read user-authorized emails and messages, and perform some operations across applications, but it essentially still listens to one command and executes one action. Apple hopes it can remember tasks assigned by users over the long term, like ChatGPT Dots and Meta Muse, proactively check for changes, determine what to do next, and continue to push forward in the background.Devices like the iPhone, Mac, and Apple Watch carry a large amount of personal information, and Apple also controls the operating system and application calling interfaces. Earlier this year, Apple announced that the number of active devices worldwide has exceeded 2.5 billion, but not all devices support the new version of Siri. Gurman stated that Apple could launch a version closer to a personal agent as early as 2027; if issues regarding autonomous planning, background execution, and permission security are resolved, Siri has the opportunity to become the personal agent entry point on iPhone and Mac.