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Multiple sources say that the U.S. intelligence community is still trying to understand the relationship between Chinese businesswoman Alice Huang and the Chinese government. Alice Huang had an affair with NVIDIA CEO Jensen Huang, and the intelligence collected so far does not prove that she is engaged in espionage activities for Beijing. U.S. officials have differing opinions on the validity of the evidence regarding whether Alice Huang was recruited by the Chinese Ministry of State Security to monitor Jensen Huang and, in turn, monitor U.S. policymakers. The FBI has been investigating this relationship for at least a year. U.S. Attorney General Todd Blanche stated on Thursday that the Department of Justice and he himself have not reached any conclusions regarding this matter.

According to Whale Alert monitoring, a dormant address holding 50 BTC has just been activated. This address has been dormant for 16.2 years, and the Bitcoin it held was worth only about 3 dollars in 2010, but its value has now risen to approximately 3.44 million dollars.

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.

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.

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.

The semiconductor research institution SemiAnalysis published a report regarding Jensen Huang's resignation, noting that although the board has appointed Colette Kress as interim CEO, they prefer that the formal CEO does not have a financial background, so they are still selecting a permanent CEO.Internal technical direction candidates include Ian Buck and Jonah Alben. Ian Buck founded CUDA during his PhD at Stanford and joined NVIDIA in 2004, responsible for the data center business; Jonah Alben joined in 1997 and is currently the Senior Vice President of GPU Engineering. Executives have stated, "Ian would rather die than take over Jensen's position," and "no one would really want that job." The report indicates that both are outstanding, but may not be able to exert the same supply chain management control as Jensen Huang.

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.

Hugging Face CEO Clément Delangue expressed that the departure of Nvidia CEO Jensen Huang is "a very sad day," and hopes that such things never happen. He also stated that Hugging Face will work harder than ever for open-source AI, which is crucial, and that there can be no slowing down now. Nvidia has appointed Chief Financial Officer Colette Kress as interim CEO.In September, Nvidia announced plans to acquire the open-source AI model platform Hugging Face for $12.9 billion, with the transaction expected to be completed in the first half of 2027. This deal ranks as the second largest in Nvidia's history, only behind its acquisition of chip company Groq's assets for $20 billion in December 2025. The U.S. Department of Justice has launched an inquiry in October regarding the impact of this acquisition on competition in the AI market, and Nvidia previously committed that the Hugging Face platform would remain open and supportive.

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 Trump family's cryptocurrency project World Liberty Financial (WLFI) announced that it executed its first $1 million buyback in less than 72 hours. The project stated that all operations are verifiable on-chain and provided the corresponding BscScan transaction link as public proof.Previously, WLFI planned to launch a token buyback program, supported by funds such as USD 1 reserve earnings.

According to official news, Frax Finance announced the launch of the FRAX burn engine, which will use protocol revenue for programmatic buybacks and the destruction of FRAX. According to its third-quarter report, the revenue generated from frxETH will flow into this engine in the fourth quarter.The total locked value of frxETH is currently 120 million dollars, and from the ETH staking revenue it generates, Frax retains 8% as a protocol fee, 100% of which will be used to purchase FRAX on the open market and destroy it.

According to Crypto Briefing, users of hardware wallet manufacturer SafePal are facing phishing letter attacks after a customer data breach. Attackers used previously leaked data to send fake letters containing QR codes to some Italian users, claiming firmware security issues, with the QR codes directing to phishing websites.SafePal disclosed this breach in August, affecting approximately 39,798 customers. The leaked information includes names, addresses, and purchase details, but private keys and mnemonic phrases were not affected. As of now, SafePal has confirmed that these letters are scams and has taken down over 30 related fraudulent websites. The company has previously notified affected customers and implemented preventive measures, such as limiting the data retention period to 90 days.

The latest 13F filing for the third quarter of 2026 submitted by the quantitative hedge fund Renaissance Technologies, founded by mathematician Jim Simons, shows that the institution has significantly adjusted its U.S. stock holdings, nearly completely liquidating its positions in Nvidia, Meta, Apple, and Amazon, with Nvidia's holdings decreasing by 99.7% from a previous market value of approximately $1.42 billion. This reduction occurred weeks before the controversy involving Jensen Huang was exposed.From the perspective of the top ten holdings, Micron Technology ranks first with $1.62 billion, Advanced Micro Devices ranks second with $1.21 billion, followed by United Therapeutics at $908 million, Intel at $835 million, Google's parent company Alphabet at $828 million, and UnitedHealth at $817 million. Additionally, it has established a new position in SpaceX, with a holding value of approximately $621 million.In terms of specific adjustments, the institution has significantly increased its holdings in SanDisk, with the number of shares increasing by 5451%; Micron Technology and UnitedHealth saw their share counts increase by 619% and 507%, respectively, while AMD increased by 140%. Aside from Nvidia, the share counts for Meta, Apple, and Amazon were reduced by 99.9%, 99.8%, and 99.5%, respectively, and it reduced its position in Palantir by 71%. The institution also completely exited its positions in Blackstone, the S&P 500 ETF, Mellanox Technologies, and Danaher, among others.

According to the market information platform Liquid247.xyz, the current price of BTC is $71,259. The thickest order book is on Binance spot: sell orders amount to $10.025 million, buy orders amount to $7.9516 million, with sell orders exceeding buy orders by $2.0734 million.Binance perpetual buy orders are thicker than sell orders, while Coinbase spot, OKX perpetual, and Hyperliquid perpetual sell orders are all thicker than buy orders. If a large buy or sell order suddenly appears, exchanges with thinner order books will be affected first, and price fluctuations will be more pronounced.

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.

Cisco (CSCO.O) raised its revenue and adjusted EPS guidance for fiscal year 2027, and increased its revenue expectation from hyperscale cloud service providers for AI infrastructure in fiscal year 2027 to $9 billion.

The New York Federal Reserve stated that the Federal Reserve did not intervene in the foreign exchange market in the third quarter; during the same period, the U.S. Treasury had purchased yen in the foreign exchange market.

Arbitrum cites EVEDEX data stating that the total value locked on this perpetual contract trading platform has increased by 418% over 12 months.