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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 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.

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.

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.

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.

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 U.S. Department of Justice has stated that it is working with the two largest stablecoin issuers globally to attempt to recover nearly half of the stolen funds from the Binance hacking incident. In this attack, hackers stole over $6 billion in assets from the Binance cryptocurrency exchange.The U.S. Department of Justice has obtained court authorization to seize or restrict the disposal of $1.2 billion from the $2.7 billion that Tether and Circle Internet Group immediately froze following the hacking incident on October 29. Investigators are still tracking the remaining funds. The Federal Bureau of Investigation refers to the related hacking group as TraderTraitor, which is currently attempting to transfer and launder the stolen assets through cross-chain bridges, mixers, and cryptocurrency exchanges.

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.

The U.S. Department of Justice stated on Thursday that North Korean hackers have stolen over $400 million in cryptocurrency assets through a social engineering scheme based on secretly recorded videos and AI deepfakes over the past 18 months, and announced that it has seized the infrastructure supporting this operation. The FBI refers to this method as "FaceStealer," which centers on turning video conference calls into traps: hackers lure targets into meetings using previously stolen accounts from victims, then play pre-recorded footage of trusted contacts to simulate their presence, thereby gaining the target's trust.The group also uses AI to generate deepfake videos of well-known figures in the cryptocurrency and related industries, making the scams more convincing. Once the target lowers their guard, the attackers create false technical issues, such as claiming the other party cannot hear them, and provide a so-called "fix" link that is actually used to implant malware. Afterward, hackers can empty the victim's wallet or exploit their system permissions, sometimes lying in wait for months or even over a year before taking action. The FBI stated that it has seized over 900 segments of camera footage from FaceStealer victims based on federal search warrants.The Department of Justice linked this operation to North Korean-related groups such as Sapphire Sleet, BlueNoroff, and APT38, warning that these hackers are increasingly targeting open-source software developers, seemingly paving the way for supply chain attacks. On the same day, the Department of Justice also reported progress in the Binance theft case, stating that it has obtained court authorization to seize or restrict over $1.2 billion of the approximately $6.4 billion in stolen assets, which is part of the over $2.7 billion that has already been frozen. The FBI attributes this theft to the North Korean group TraderTraitor and claims it is laundering money at a rate of creating a new wallet approximately every 25 seconds. North Korea denies involvement, stating that the FBI's conclusions are a political provocation.

Analyst Ming-Chi Kuo stated that Jensen Huang's departure could create market opportunities for Google's self-developed AI chip TPU. Kuo mentioned that Tim Cook excels in cost management, but Jensen Huang performs better in new technology planning and development.

According to The Block, Anchorage Digital announced a partnership with Visa to use a portion of the stablecoins issued by its federally chartered bank as native settlement assets on the Visa network, with the first supported being the Western Union stablecoin USDPT. Visa and eligible partners can now settle VisaNet debts using USDPT, and both parties will establish a framework to evaluate the inclusion of more stablecoins issued by Anchorage.USDPT was launched on Solana in May of this year, issued and custodied by Anchorage Digital Bank.

Goldman Sachs predicts that global nominal investment in artificial intelligence will rise from $1.1 trillion in 2026 to $1.8 trillion in 2027, primarily driven by an increase of over $500 billion in hardware spending in the United States.

According to the American financial media Semafor, Nvidia (NVDA.O) is under investigation by the U.S. Department of Justice for antitrust issues.

SpaceX announced two new projects representing over 74 billion dollars in U.S. planned investments.

According to The Block, the New York State Department of Financial Services has issued new guidelines for advertising and marketing requirements for licensed cryptocurrency entities in the state, which include avoiding misleading or deceptive content. Acting Superintendent Kaitlin Asrow stated in a press release that today's guidelines reinforce the commitment to protecting New York residents and ensure that advertising and marketing practices in the virtual currency space are clear, comprehensive, and accessible.The New York State Department of Financial Services announced on the same day that these guidelines apply to virtual currency entities licensed or chartered by the department, requiring them to establish and implement policies and procedures for advertising and marketing materials related to virtual currency products, services, and activities, with a focus on content accuracy, clear disclosures, and governance and review processes. Relevant entities must update their policies and procedures according to the guidelines by May 10, 2027, review them at least once a year, and maintain records for regulatory inspection. The Department of Financial Services will assess the implementation and effectiveness of these policies and procedures through examinations and ongoing supervision.Common practices listed in the guidelines include: reviewing marketing claims to ensure they fairly present products, services, or activities, are supported by evidence and verifiable, and do not contain exaggerated or false statements about performance or regulatory status; customer disclosures should be clear, prominent, easily understandable to the general audience, and clearly identify the entity providing the products, services, or activities; establishing governance review processes for advertising and marketing materials, designating responsible parties, conducting due diligence on third-party promoters, and promptly monitoring and addressing instances of fraudulent or improper use of their name or brand by others.

According to Gate market data, after the U.S. stock market opened, Nvidia's stock price rebounded strongly, currently reported at 160 USD, having erased the decline following Jensen Huang's resignation announcement.

NVIDIA (NVDA.O) today announced that Jensen Huang has resigned from his positions as President, Chief Executive Officer, and Board Member effective immediately. Harvey C. Jones has been appointed as the company's first Chairman of the Board.Jones has been the Managing Partner of the private investment firm Square Wave Ventures since 2004, with over 30 years of experience in entrepreneurship, high-tech business management, and venture capital. In 1981, he co-founded the computer-aided engineering company Daisy Systems and eventually served as the company's President and CEO until 1987.From 1987 to 1998, he led the large electronic design automation company Synopsys, serving as CEO for seven years and Executive Chairman. In 1997, Jones co-founded the private technology intellectual property company Tensilica, which specializes in developing and licensing high-performance embedded processor cores.Since the company's inception, Jones has served as Chairman of the Board of Tensilica until the company was acquired by Cadence Design Systems in 2013. Jones holds a Bachelor’s degree in Mathematics and Computer Science from Georgetown University and a Master’s degree in Management from the Massachusetts Institute of Technology. He joined the NVIDIA Board of Directors in 1993.

Bitcoin News posted on the X platform that residents of Miami-Dade County can now pay property taxes online or offline using Bitcoin.Third-party payment service providers will automatically convert Bitcoin into US dollars before the funds enter the county government's account, so the county government will not hold Bitcoin; this payment method is optional.