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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 Beating AI news, OpenAI has privately expressed support to U.S. lawmakers this week for three bills aimed at limiting China's access to advanced AI chips and manufacturing equipment. This is not the first time OpenAI has supported chip restrictions against China. Last year, the company advocated for limiting U.S. companies from selling high-end chips to China but later stopped pushing Congress for stricter measures. OpenAI's leadership has been concerned that publicly supporting tighter chip export restrictions to China would anger Jensen Huang and damage their partnership with NVIDIA.OpenAI has a close relationship with NVIDIA. NVIDIA not only supplies GPUs but also supports OpenAI's data center construction through substantial financing guarantees. Jensen Huang has long lobbied Washington for a relaxation of chip sales restrictions to China. The stance of AI company Anthropic has been more pronounced. In September of this year, the company directly withdrew from an industry association in opposition to the association's obstruction of chip regulation bills.The three bills supported by OpenAI require strengthening chip tracking, limiting the supply of chip manufacturing equipment to China, and increasing congressional scrutiny of sensitive chip export licenses. Jensen Huang resigned on November 12, impacting NVIDIA's lobbying influence in Washington. Bipartisan lawmakers are working to incorporate these restrictions into the year-end National Defense Authorization Act.

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.

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.

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.

According to Bitget market data, Hong Kong stocks in artificial intelligence fluctuated lower, with Shenghong Technology (02476.HK) down 8.63%, Zhipu (02513.HK) down 7.09%, MINIMAX-W (00100.HK) down 4.76%, and Changfei Optical Fiber Cable (06869.HK) down 3.56%.

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.

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.

The U.S. October PPI year-on-year will be announced at 21:30 Beijing time, with a previous value of 6.3% and a forecast value of 6.6%; the U.S. October core PPI year-on-year will be announced at 21:30, with a previous value of 5% and a forecast value of 5%.

The New York Federal Reserve report confirms that the U.S. Treasury used approximately 500 million euros equivalent during the coordinated intervention in the foreign exchange market with Japan on July 31. The New York Federal Reserve purchased 79.4 billion yen and sold euros from the "Exchange Rate Stability Fund."This action aimed to address the disorderly fluctuations of the yen exchange rate. The Federal Reserve did not participate in this intervention.

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.