INTEL: Nvidia shares fall over 5% premarket, erasing $225 billion market value

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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INTEL: Ankr Ethereum bridge drained of about $292,000 in an ongoing attack

The attacker made 5 withdrawal calls on Ethereum, using a small deposit on Optimism to unlock all assets locked in the bridge and send them to a new wallet

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INTEL: Coinbase $COIN gets full US national trust charter approval from federal banking regulator | Per OCC

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INTEL: UK banks can now apply to run crypto businesses ahead of the new regime | Per UK FCA

Firms that apply by February 28, 2027 can keep operating during review if they meet certain requirements

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INTEL: BlackRock moves $482 million in Bitcoin and Ether to Coinbase

Data: Arkham

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INTEL: Strategy $MSTR lifts its Bitcoin holdings to 850,364 BTC after buying more this week

Strategy also repurchased $188 million of its STRC stock over the same period

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INTEL: Trump asks Iraq's prime minister to mediate with Iran to end the war, Saudi Al Arabiya reports

Iraq's prime minister has already met Iran's parliament speaker Ghalibaf on efforts to end the war, and oil fell further on the report

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INTEL: Hut 8 $HUT sells about 3,100 BTC to buy back its own shares

The buyback authorization is now raised to $1 billion. A second 352MW lease at its Beacon Point AI campus lifts expected AI contract value to about $26.6 billion

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INTEL: $13 trillion Charles Schwab expands crypto trading to Solana, Avalanche and Chainlink

Schwab's crypto accounts now cover three more major altcoins, a big step for the brokerage that manages trillions in client assets

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INTEL: Alleged Chinese spy linked to Nvidia's Jensen Huang pitched AI chip deals to investors | Per FT

Nvidia shares are down 5.9% premarket as the spy scandal weighs

Updates
• Barron's says dip-buying continues despite the Nvidia spy investigation
• Nvidia shares down 6.75% while rest of tech sector rallies
• Trump says Jensen Huang probably has an excuse for affair with suspected Chinese spy
• Prediction odds Jensen Huang resigns this year rise to 13%, peaked at 33%

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INTEL: North Korea launders Binance hack funds through throwaway memecoins including an "Elon 2028 President" token, Elliptic says

About $430,000 in stolen funds has already passed through six newly created tokens, using liquidity pools to make the transfers look like normal trades

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INTEL: Nasdaq 100 extends gains to 2% as US stocks climb

S&P 500 is up 1.5%

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INTEL: S&P 500 rises 2% for its biggest intraday gain in three months

The Dow has rallied 900 points as oil slides, and the Nasdaq is up 2.4% with tech stocks outside Nvidia leading

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INTEL: US Strategic Petroleum Reserve falls to 279.5 million barrels, the lowest since 1982

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INTEL: France accuses Iran's IRGC of cyberattack that spoiled food in hundreds of supermarkets

France has requested international arrest warrants for the head of the IRGC cyber unit Shahid Kaveh and two of its deputies, and will push for European sanctions

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INTEL: Warren targets prediction markets oversight as she prepares to lead Senate Banking, her aide says

Her aide warned Trump family crypto businesses to preserve documents and prepare for tough questions

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INTEL: Hackers hijack Ethersphere's bee-js npm package and Swarm Desktop app to push crypto wallet-stealing malware

The malicious releases also install backdoors on Windows, macOS and Linux. Both versions are withdrawn, but updating alone won't remove the backdoors

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INTEL: Avalanche $AVAX surges over 9% after Ava Labs says NYSE chose it for tokenized securities clearing

The NYSE selection is subject to regulatory approval, and $AVAX now trades around $8.78

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INTEL: Nvidia chips reportedly approved for sale to nonexistent and sanctioned Chinese companies with military ties | Per NYT

The revelations raise serious questions about how Washington is enforcing restrictions on advanced AI chip exports to China, and whether sensitive US technology may have reached entities it was explicitly meant to keep away from it

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INTEL: Hegseth impeachment articles introduced in the House | Per AP

Hegseth has called a rare press conference to respond to the impeachment resolution

Updates
• Massie formally introduces impeachment articles against Hegseth
• House impeachment vote on Hegseth reportedly scheduled for Wednesday
• Rubio calls the impeachment of Pete Hegseth unfair

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INTEL: Nasdaq 100 jumps 3.2% while Nvidia $NVDA plunges 6.5%, erasing $300 billion in market value

Nvidia is down about 18% in two weeks, losing $940 billion in market value

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