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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 signature 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.

According to Onchain Lens monitoring, in the past hour, 4 traders on Hyperliquid who went long on Bitcoin had their positions liquidated, involving a position value of 42 million dollars, with a total loss of 2.79 million dollars. One of the traders lost 1.58 million dollars.

According to Coinglass data, the total contract open interest for ETH has decreased by 5.24% in the past 24 hours, with the current total open interest at 23.851 billion USD. Among them, Binance's open interest is 7.513 billion USD, OKX's open interest is 1.563 billion USD, Bybit's open interest is 1.685 billion USD, and Gate's open interest is 1.568 billion USD.

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.

MARA Holdings CEO Fred Thiel stated to shareholders that Bitcoin mining remains the core business of the company. Bitdeer Chief Strategy Officer Haris Basit mentioned that the company does not wish to rely on any single market cycle. Amid the sell-off of artificial intelligence stocks, some large Bitcoin mining companies that had previously shifted towards AI infrastructure are re-emphasizing their cryptocurrency business.After the Bitcoin halving in 2024, mining profit margins are being squeezed, and several mining companies are expanding their business into AI infrastructure. Recently, IREN and CoreWeave's stock prices have plummeted, with CoreWeave's bond yields reaching junk bond levels, and Bitcoin prices have also fallen from the historical high set in October 2025.

According to a report by Sina Finance, this summer, Nvidia founder Jensen Huang convened a meeting with core financial executives to assess the risks associated with providing billions of dollars in guarantees to companies that cannot afford chips. During the meeting, Huang harshly criticized the interim CEO Colette Kress, who has taken over the leadership of Nvidia.An insider stated that when Kress was reporting, Huang interrupted her, saying she looked like "a deer caught in headlights," and commented that she was merely a "CFO focused on accounting," unable to help define strategy or make critical decisions. The report indicated that many related transactions were led by Huang's son-in-law Nico Caprez, aimed at providing financing to emerging cloud vendors and data center developers in exchange for long-term chip customers. After initiating a round of large-scale transaction expansion, Huang himself began to question whether the steps taken were too large. The meeting took place in August.

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 the token unlock data from the crypto asset data platform RootData, Kaito (KAITO) will unlock approximately 12.11 million tokens at 12:00 PM Beijing time on November 20, worth about 2.43 million USD.

According to token unlocking data from the crypto asset data platform RootData, LayerZero (ZRO) will unlock approximately 25.71 million tokens at 11:00 Beijing time on November 20, with a value of about 40.1 million USD.

According to foreign media reports, on November 12 local time, NVIDIA CEO Jensen Huang will lose approximately $108 million in unvested equity awards after his departure. According to the Bloomberg Billionaires Index, this award accounts for about 0.07% of his personal net worth.The report pointed out that according to NVIDIA's equity compensation policy, unvested restricted stock units will be forfeited when executives leave. Jensen Huang currently holds about 346,000 such units.

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 reports from Xinhua News Agency citing American media, senior Democratic Party officials in Congress have confirmed that after the Democratic Party officially takes control of Congress in January next year, several senior officials from the Trump administration, including Secretary of State Rubio, may become targets of investigations and impeachment.Senior Democratic members of the House of Representatives and the Senate have stated that they are considering launching investigations and holding congressional hearings, potentially initiating impeachment proceedings, with targets including Secretary of State Rubio, Secretary of Commerce Howard Lutnick, White House Chief of Staff Stephen Miller, and Border Affairs Director Tom Homan. Reports indicate that although the impeachment attempt against Secretary of Defense Hegseth was unsuccessful this week, the Democratic Party's oversight investigation plans extend far beyond just him.

According to on-chain analysts, a certain large holder's BTC and ETH long positions were liquidated again last night, resulting in a loss of 10.76 million dollars. The value of the BTC long position was 101 million dollars, with an opening price of 81,993 dollars and a stop-loss price of 74,487 dollars, leading to a loss of 10.693 million dollars; the value of the ETH long position was 38.39 million dollars, with an opening price of 2,410.2 dollars and a stop-loss price of 1,983.7 dollars, resulting in a loss of 6.997 million dollars.Since November 11, this large holder has incurred a total loss of 17.69 million dollars from two trades.

According to The Information, sources say that with Jensen Huang's departure, an anonymous executive from a cloud service provider that is purchasing NVIDIA chips revealed that the company is considering sourcing alternative chips from companies like Google and AMD.The executive stated that the company had previously considered diversifying suppliers but was concerned about offending Jensen Huang.

Renowned investor Duan Yongping stated that Jensen Huang's departure may be the final decision made by NVIDIA's board of directors. In the short term, it will not affect NVIDIA's business, but whether it can maintain its competitive advantage in the coming years depends on finding a suitable successor CEO. Jensen Huang is diligent and has a forward-looking perspective on the development of the AI industry, making it challenging to find a successor with these qualities.Duan Yongping mentioned that NVIDIA's business model heavily relies on an excellent management team. If the capabilities and execution of the management team cannot be maintained, the company's competitiveness in the next 3 to 5 years may be impacted. However, the AI industry is still in its early stages, and it is expected to maintain good growth momentum over the next decade. Regarding the possibility of Jensen Huang returning in the future, Duan Yongping stated that if the reasons for his departure still exist, it is highly likely that Jensen Huang will not return as CEO. However, NVIDIA may also consider inviting him to serve in advisory roles or similar positions, allowing him to continue exerting influence in a shadow CEO capacity, but without formal signing responsibilities. Relevant arrangements may not have clear conclusions before the end of the hearing, and the final outcome may still require some time to wait.