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U.S. Democratic Senator Reid stated that Congress needs to assess whether Nvidia is "too big to fail" and what impact this may have on the banking system.

The New York Times cited five individuals who previously worked at NVIDIA, reporting that in addition to the extramarital affair already acknowledged, Jensen Huang also had an extramarital relationship with Kimberly Powell, the Vice President of the company's healthcare business. Powell reports directly to Huang, and both are married.According to insiders, during the NVIDIA GTC developer conference in March this year, the two were spotted behaving intimately at a hotel in San Jose, California. Someone captured footage of the incident on a mobile phone, and Huang's security team subsequently isolated the shooter and requested them to sign a non-disclosure agreement. The New York Times stated that it has not seen the video, and the related relationship had previously been discussed internally within the company. Powell was originally scheduled to speak at the opening ceremony of the Milken Institute Health Summit in Washington on the morning of November 12, but the host, CNN reporter Meg Tirrell, announced that she had canceled her appearance without specifying the reason. When responding to a phone inquiry from a New York Times reporter, Huang stated that he did not believe the other party should speak directly with him, and then hung up the phone.This is the second time in a week that Huang has been exposed for an extramarital affair. Meanwhile, The Wall Street Journal reported that NVIDIA's board is preparing to dismiss Huang, with a special meeting scheduled as early as November 11 local time to discuss his future. Following the news, NVIDIA's stock price fell by about 9% in after-hours trading. Since Huang was first reported to have an extramarital relationship with Alice Huang, including the after-hours drop, its stock price has decreased by 18% across the two related reports, resulting in NVIDIA's market value evaporating by approximately $820 billion.

According to the Beijing Daily, on November 11, Foreign Ministry spokesperson Guo Jia Kun hosted a regular press conference. A Reuters reporter asked about the recent allegations involving Nvidia CEO Jensen Huang, noting that U.S. lawmakers on Tuesday again called for tightening restrictions on China's access to advanced artificial intelligence chips. Guo Jia Kun responded, "China's position on the issue of U.S. chip exports to China has been consistent."Previously, on November 8, Jensen Huang sent a letter to employees acknowledging personal matters, which were later implicated in a spy scandal. Both parties in the U.S. Congress used this opportunity to push for export restrictions on AI chips to China, with reports indicating that Republicans and Democrats are urgently promoting three related bills.

According to the Beijing Daily, on November 10, the spokesperson for the Ministry of Foreign Affairs, Guo Jiakun, hosted a regular press conference. A Bloomberg reporter asked whether the Ministry of Foreign Affairs could confirm if Alice Huang is a Chinese citizen and where she is currently located.Guo Jiakun responded, "We have previously addressed this matter. The so-called 'Chinese spy' narrative is purely a baseless accusation and smear."

Former U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler stated in an interview that after the scandal involving NVIDIA CEO Jensen Huang, the NVIDIA board will face "Tough Choices."However, as of now, the specific details and conclusions of the related investigation have not been disclosed in the provided information. Gary Gensler did not further clarify which aspects the board's decision specifically involves, but he mentioned that the stock price seems to show issues, and NVIDIA has already seen a decline in pre-market trading.

Chinese Foreign Ministry spokesperson Guo Jiakun responded to related questions at a regular press conference. A reporter from Agence France-Presse asked about NVIDIA CEO Jensen Huang admitting to an extramarital affair with a woman on Sunday, and that NVIDIA has launched an investigation; previously, U.S. officials referred to the woman as working for a Chinese intelligence agency and inquired whether the Foreign Ministry could respond, and whether this matter would affect the upcoming meeting between the Chinese and U.S. heads of state in Shenzhen next week.Guo Jiakun stated that the Chinese side had previously responded to this, and the so-called claims of Chinese spies are purely baseless and defamatory. A foreign media reporter followed up, asking if this meant the Chinese Foreign Ministry denied reports of the woman working for a Chinese intelligence agency. Guo Jiakun reiterated that the so-called claims of Chinese spies are purely baseless and defamatory.

NVIDIA CEO Jensen Huang apologized in an email sent to all employees regarding the extramarital affair. In the internal company letter, Huang stated that he takes full responsibility for being unfaithful to his wife, is completely dedicated to NVIDIA, and will work hard to regain everyone's trust.The NVIDIA board of directors issued a statement saying that it is initiating an independent investigation into CEO Jensen Huang and will hire external lawyers for the investigation, while also expressing confidence in Huang and his leadership team. As a result, NVIDIA's after-hours trading fell more than 2%. A spokesperson for NVIDIA stated that the investigation news will not slow down NVIDIA, and Jensen Huang has committed to continue leading the company as CEO without interruption.

Jeff Park, a partner at ParaFi Capital and an advisor to Bitwise and Solana, stated that the artificial intelligence company Anthropic is facing failure due to extreme asset-liability mismatches in its business model, requiring substantial equity support to maintain credit and cover massive non-cancelable computing power commitments.Jeff Park cited the example of the "confidence game" in the cryptocurrency market, pointing out that if the company's stock price does not rise significantly after its IPO, it will fall into a death spiral. He believes the best outcome is for the company to fail and be acquired, or for the U.S. government to collaborate with sovereign funds from the UAE, Saudi Arabia, and others for an international bailout to restore market confidence.

Coincheck announced that due to a malfunction of the external on-chain analysis service it uses, as of November 5th, 0:04 Japan time, there has been a delay in processing cryptocurrency deposit and withdrawal requests on the platform.To address the malfunction, Coincheck has temporarily stopped accepting new cryptocurrency withdrawal requests and has canceled some withdrawal requests that have not yet been processed. Some requests will be temporarily retained and will be re-evaluated once the system is restored.Coincheck stated that this incident was caused by an external service failure, and there has been no unauthorized access to the platform, nor has there been any security incident affecting user assets. User-held assets remain securely stored. Canceled withdrawal requests have had their corresponding assets returned to the user's Coincheck account balance, while deposit processing delays are still ongoing. The platform will gradually process requests once the relevant systems are restored and will announce the service recovery time separately.

U.S. Vice President Vance stated, "I still have hope for our country. Everyone knows why we lost. The reason for our failure is the war."Last night, the President himself also admitted this. The relationship with Israel is also one of the reasons for the Republican defeat. I had a bad feeling before the election on Tuesday, but the final result still shocked me.

Former Democratic Senator Sherrod Brown defeated incumbent Republican Senator Jon Husted in the Ohio Senate seat race, reclaiming the Senate seat, which poses a setback for the cryptocurrency political action committee Fairshake. Earlier this year, Fairshake invested $30 million in the Ohio campaign, explicitly targeting Brown. The crypto PAC and the broader cryptocurrency industry played a significant role in the 2024 elections, spending millions to influence political outcomes.This is not the first time Fairshake has funded efforts against Brown. Brown previously served as the chairman of the Senate Banking Committee, leading the cryptocurrency-related agenda and calling for action against the use of cryptocurrencies to fund terrorism and evade sanctions. In 2024, Fairshake invested $12 million to support pro-crypto Republican Bernie Moreno in challenging Brown, successfully defeating him. With the Democrats regaining control of the Senate, Brown may become the chairman of the Senate Agriculture Committee, which has jurisdiction over digital assets and prediction markets. Sources previously told The Block that if Brown takes the position, he is unlikely to push for any cryptocurrency legislation.Husted received support from the cryptocurrency advocacy group Stand With Crypto, having voted in favor of several cryptocurrency bills, including the broad cryptocurrency legislation "Clarity Act," and received an A rating from the organization, while Brown was rated F. Other candidates supported by Stand With Crypto include New Hampshire Democrat Chris Pappas, who won his campaign. Additionally, Democratic Senators Cory Booker and Mark Warner both successfully secured re-election, both of whom were involved in cryptocurrency legislative negotiations. Texas Democratic Senate candidate James Talarico received an A rating for his previous pro-crypto statements and voting to support the establishment of a strategic Bitcoin reserve in the state, defeating Texas Attorney General Ken Paxton on Tuesday.

The spokesperson for the Chinese Ministry of Foreign Affairs, Mao Ning, hosted a regular press conference. A reporter asked, according to the Financial Times, Nvidia requires some data center partners to provide at least 51% of their services to non-Chinese companies, which may restrict Chinese companies from accessing key artificial intelligence technologies. What is China's response to this?In response, Mao Ning stated that she is not familiar with the specific situation. We have always believed that all parties should cooperate based on the principles of fairness, transparency, and non-discrimination.

Democratic senators in the U.S. Senate have accused Elon Musk's social media platform X of giving preferential treatment to the prediction market Polymarket. Nevada Democratic Senator Catherine Cortez Masto, California Democratic Senator Adam Schiff, Nevada Democratic Senator Jacky Rosen, and Connecticut Democratic Senator Richard Blumenthal wrote in a joint letter first disclosed by Semafor that typically, X allows users to report ads for various reasons. However, when users attempt to report Polymarket's ads through X's standard interface, they are unable to select the report option. Other types of ads, including those from Kalshi, do not have this issue.This letter, which includes screenshots, claims that this seemingly unfair special treatment raises questions about whether X is trying to provide Polymarket with an improper competitive advantage, thereby benefiting the U.S. President and his family. Donald Trump Jr. has invested in Polymarket and serves as an advisor to the platform.

Russian President Vladimir Putin stated that despite the political tensions with the United States, Russia is still coordinating with SpaceX CEO Elon Musk and other American partners on low Earth orbit satellite networks. Putin referred to Musk as a "true genius," emphasizing the importance of ensuring non-interference in orbit.Russia is developing a system similar to "Starlink" called "Rassvet," which is planned to provide commercial services next year and deploy over 900 satellites by 2035.

According to CoinDesk, the Indian cryptocurrency exchange CoinDCX has confirmed a loss of $16 million. The reason is that its fund sweeping process failed to transfer customer deposits from the wallet that was hacked in July 2025.The exchange stated that it will bear this loss itself and claimed that the funds of active users are still safe.

Binance founder CZ recently accepted an interview with Japanese business media PIVOT, discussing his decision to voluntarily go to the United States to plead guilty and pay a hefty fine. He emphasized that this was because he did not want to be a fugitive or evade issues. CZ stated that Binance was only involved in registration-related violations, with no fraud and no victims, and that users have always been well protected. Serving time was an unpleasant experience and a lesson.CZ also mentioned that recently, American banks have committed more serious violations but were only fined $1.2 billion and were not prosecuted. He stated that the world is inherently unfair, but he is no longer entangled in it and wants to focus on moving forward, learning from experiences to do more positive things.

CoinDCX released further clarification regarding the on-chain activities of the TQKJQ wallet, stating that after the security incident in July 2025, the affected wallet addresses have been deactivated, but some users are still depositing funds to the old addresses. The platform's original periodic fund collection process was ineffective for a period of time, and the related issues were discovered this morning, resulting in some operational losses, which will be borne by CoinDCX.CoinDCX stated that despite some users depositing funds to the deactivated addresses, the relevant user accounts have still received the corresponding credits. The platform claims that customer assets continue to be stored in independent cold wallets, and the currently active wallets and user addresses have not been affected, with the platform's trading operations running normally. CoinDCX also reminds users to verify the latest deposit addresses only through the official app or website to avoid transferring funds to deactivated addresses.Previously, on-chain detective ZachXBT had questioned why the deposit address TQKJQ was still in use for about 10 months after the security incident, with approximately $15.8 million of user deposits unaccounted for.