INTEL: Democrats voted against stopping crypto pump-and-dump schemes, Senator Lummis says
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Democrats had asked for new market manipulation rules that the House bill never had, and the Clarity Act adds them, Lummis says
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INTEL: US and Iranian forces trade fire in the Strait of Hormuz with explosions reported across southern Iran
Updates
• Iranian TV says air defenses activated at Khamir Port, north of Qeshm Island
• Airstrikes reported in Bandar Abbas and Qeshm Island tonight
• UKMTO reports incident involving bulk cargo vessel near Khor Fakkan UAE
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Iran reportedly launched anti-ship ballistic missiles at US Navy vessels in the Arabian Sea. Tasnim says the Qeshm Island explosions are not linked to missile attacks
Updates
• Iranian TV says air defenses activated at Khamir Port, north of Qeshm Island
• Airstrikes reported in Bandar Abbas and Qeshm Island tonight
• UKMTO reports incident involving bulk cargo vessel near Khor Fakkan UAE
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INTEL: Qatar reportedly proposes deal to lift US naval blockade of Iran and reopen the Strait of Hormuz
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The plan reportedly also caps Iran's enrichment at 3.67% and frees $6 billion to $10 billion in frozen assets. Iran would open the strait only after IAEA inspectors enter the country
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INTEL: Nvidia $NVDA board launches independent probe into reported Intel targeting of CEO Jensen Huang
Updates
• Board says it found no signs of national security breach or compromised company secrets
• Huang confirms affair in employee letter and pledges to earn back confidence
• Huang reportedly admits relationship with alleged Chinese spy
• NYT reports Rubio oversaw State Department memo on Huang's alleged Chinese intelligence ties
• Nvidia says Huang will remain CEO without interruption
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The board says it has no reason to believe secrets or US national security were compromised and reaffirms confidence in Huang, who is fully cooperating with the review
Updates
• Board says it found no signs of national security breach or compromised company secrets
• Huang confirms affair in employee letter and pledges to earn back confidence
• Huang reportedly admits relationship with alleged Chinese spy
• NYT reports Rubio oversaw State Department memo on Huang's alleged Chinese intelligence ties
• Nvidia says Huang will remain CEO without interruption
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INTEL: Binance, Tether and Trump’s crypto companies face congressional records demands as Democrats prepare to take control
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Sen. Richard Blumenthal has given Binance, Tether, World Liberty Financial and Fight Fight Fight LLC until Jan. 4 to hand over records, a day after Democrats take control of Congress and he is expected to gain the power to compel documents
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INTEL: Binance says claim of 336 million users' data leaked is likely a scam
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The seller, linked to hacking group ShinyHunters, is asking $900,000 for data said to include emails, passwords, IDs and wallet private keys. Binance found no evidence its systems or customer data were breached
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INTEL: Nvidia shares fall over 5% premarket, erasing $225 billion market value
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This is quickly becoming much bigger than a personal scandal.
Nvidia spent over a year reportedly downplaying Jensen Huang's ties to Megaspeed executive Huang Le, who US intelligence allegedly identified as a Chinese intelligence asset.
Now Nvidia's board is investigating, Congress has requested a closed-door hearing for November 18, and questions are mounting over whether sensitive information or US national security was ever compromised.
Trump is publicly backing Huang, saying he should remain CEO.
The market is now pricing in a level of uncertainty nobody expected from the world's most valuable company
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