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Cloud computing company Megaspeed responds to the Jensen Huang incident, hiring a U.S. law firm to review GPUs

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.

Tether Gold completed an audit by the Big Four accounting firms, with reserve gold valued at 2.246 billion USD

Tether announced that KPMG U.S. has completed an independent audit of the financial statements of TG Commodities, the issuer of Tether Gold (XAU₮), as of December 31, 2025, and issued an unqualified opinion. The audit shows that XAU₮ is fully backed by physical gold. This is the second stablecoin under Tether to complete an audit by one of the Big Four accounting firms, following Tether International, the issuer of USDT, in August of this year.During the audit, KPMG conducted a physical count and verification of each gold bar backing XAU₮, rather than relying solely on confirmations from custodians. As of December 31, 2025, TG Commodities holds 520,089.350 ounces of pure gold, valued at $2.246 billion, corresponding to the issued 520,089.300 XAU₮.The gold is stored in Swiss vaults and meets the London Good Delivery standards, with ownership belonging to the token holders, where each token corresponds to an indivisible ownership of specific gold bars. The company also hires an independent third party to conduct quarterly sampling tests of the gold bars.CEO Paolo Ardoino stated that XAU₮ is expected to become the first true competitor in the gold ETF market, as gold can be settled instantly, with lower custody costs and higher transparency. CFO Simon McWilliams mentioned that auditing the largest and most complex USDT and XAU₮ is paving the way for a comprehensive audit of the entire company.

first_img The Kobeissi Letter: Do not fire Jensen Huang, NVIDIA fell 35% on the 26th

The capital market commentary agency The Kobeissi Letter has voiced its opinion to the board of directors of Nvidia, urging them not to fire founder and CEO Jensen Huang. The agency stated that there is currently no clear candidate to replace Jensen Huang, and his departure would ultimately have a net negative impact on Nvidia, its shareholders, and the artificial intelligence industry. The agency cited a study on 187 cases of forced CEO departures among S&P 1500 index component companies, which indicated that replacing a high-performing CEO leads to negative long-term stock returns, and believes this case will be no different. The agency stated that Jensen Huang is a high-performing CEO, and the board should not make decisions in an emotionally charged environment.The Kobeissi Letter suggested that the board take time to conduct a comprehensive investigation and consult with shareholders, focusing on listening to shareholder opinions, holding a special shareholder meeting, and conducting advisory votes on related decisions, stating that shareholders should have a voice. The agency noted that Nvidia's stock price has dropped 35% over 26 trading days, with nearly half of the decline related to recent scandals, and believes that the possibility of Jensen Huang being removed from the CEO position has already been factored into the price by about 80%. The agency also mentioned that Amazon retained Jeff Bezos as CEO after his extramarital affair became public in 2019, and the company's stock price rose 108% by 2021. The agency stated that personal misconduct should not be overlooked, but should be distinguished from corporate misconduct, and the consequences of replacing executives who are crucial to the company's success should be weighed.

1confirmation Partner: has participated in multiple rounds of financing for Polymarket and will continue to increase investment, optimistic about the information value of prediction markets

Nick Tomaino, a partner at 1confirmation, stated that 1confirmation has participated in all rounds of financing for Polymarket to date and has decided to increase its investment again. Although the fund focuses on seed-stage investments and typically does not participate in later-stage financing, it believes that Polymarket is worth breaking this investment convention.Nick Tomaino mentioned that there has been a demand for prediction markets for over a century, as users wish to place bets on events in politics, culture, and more. In the age of AI, one of the biggest challenges faced by young people is discerning the truth of information, and prediction markets can transform users' trading and investment enthusiasm into more accurate information.He emphasized that the long-term value of Polymarket is not just in sports betting, but in providing a more effective information discovery mechanism for political, geopolitical, and cultural events. Currently, while the U.S. market is primarily focused on sports trading, the accuracy of information is what gives prediction markets their more enduring value.Additionally, he believes that Polymarket's business is continuously upgrading, with the current management team performing excellently, and the products in the U.S. market are at an industry-leading level, with revenue consistently reaching new highs. Regarding the token program, he stated that while he did not fully agree with some of the related promotional methods previously, it is unreasonable to assert that the token program has lost its potential.Finally, Nick Tomaino stated that Polymarket founder Shayne has a strong desire for success and is one of the most direct and transparent people he knows.

Storage channel prices move first, enterprise-level granules are brewing a price increase

Multiple storage industry insiders have revealed that some leading companies have verbally informed channel partners of their intention to raise prices for enterprise-grade chips. The official price increase notice has not yet been formally issued, but prices on the channel side have already begun to move, with several agents confirming the aforementioned price increase signals. One agent from SK Hynix stated that prices are increasing daily and observed that the second-hand recovery prices are continuously rising, driving overall quotes upward; the price adjustment path involves provincial agents adjusting prices weekly, with the prices of agency products being passed down further.One agent from Samsung indicated that this round of price increases is not a universal rise across all categories, but is mainly concentrated on the DRAM contract side and enterprise-grade SSDs at both the manufacturer and channel levels, rather than a comprehensive increase in consumer-grade NAND. This agent noted that the major demand still comes from data centers, while feedback from the grassroots level indicates that demand is generally average. Since the price increases are initially focused on the DRAM contract side and enterprise-grade SSD segment, when prices are transmitted from manufacturers outward, they first reach manufacturing companies and module manufacturers, rather than end consumers.
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