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Gerber Kawasaki CEO Ross Gerber stated during an interview on the BBC's Today program on Friday that he disagrees with U.S. President Trump's suggestion that Apple Chairman and former CEO Tim Cook should take over as CEO of Nvidia. Gerber said that Cook is "someone who has actually missed the opportunity for Apple in artificial intelligence," and added, "I'm not even sure he knows what artificial intelligence is, but that's not someone I want leading Nvidia." Gerber Kawasaki has invested in Nvidia for over 15 years.Nvidia co-founder Jensen Huang, 63, resigned from the CEO position of the approximately $4 trillion chip company on Thursday. Reports indicate that Huang has had at least three extramarital affairs, one of whom is believed by U.S. intelligence agencies to be a Chinese spy. Nvidia's stock price fell by about 13% in early trading on Thursday, but rebounded after the company announced his departure and that Chief Financial Officer Colette Kress would serve as interim CEO. Trump posted on Truth Social that there is "only one person" to succeed Huang, naming Tim Cook and writing, "A legend replaces a legend."Gerber stated that Nvidia would be better off selecting someone from within who has long worked with the management team, believing that Colette Kress as interim CEO is a suitable choice, and that the board should also consider other leaders within the company, as he prefers internal promotions. He described Huang as his business idol and expressed that seeing him leave in this manner is "frustrating and disappointing," believing that Huang fell into the myth of the "superstar CEO." Gerber also mentioned that Nvidia's business looks fundamentally the same without Huang, just lacking a spokesperson and salesperson for the media and customers, and he does not believe anyone will cancel their Nvidia chip orders, stating that Kress is a suitable candidate for the transition period.

According to Digital Asset, the Goyang branch of the Korean District Court has ruled on a fraudulent cryptocurrency investment case involving approximately 501 million Korean won (about 375,000 USD). The court found that the money laundering individuals violated the "Virtual Asset User Protection Act" and other laws, sentencing them to two years and six months in prison.The report states that this is the first time in South Korea that a court has made a guilty verdict based on this law in a case that was not referred by the financial regulatory agency. The fraud group lured 14 victims into purchasing non-existent unlisted tokens through a fake investment website, claiming that profits could be made once the tokens were listed, defrauding the victims of the related funds. The case was initially ruled in July of this year, and the appeal was dismissed in October, with the judgment now in effect.

According to on-chain analyst Ai Yi's monitoring, the whale @Jason60704294, who "set 10 big goals" at the beginning of October, has reportedly lost over 620 million yuan since then.Screenshots from Coin show that its cumulative earnings exceeded 110 million dollars at the beginning of October, but after several waves of crashes, it retreated to 17.76 million dollars, shrinking by over 93 million dollars. This whale tweeted that it has unloaded all leverage.

Multiple sources say that the U.S. intelligence community is still trying to understand the relationship between Chinese businesswoman Alice Huang and the Chinese government. Alice Huang had an affair with NVIDIA CEO Jensen Huang, and the intelligence collected so far does not prove that she is engaged in espionage activities for Beijing. U.S. officials have differing opinions on the validity of the evidence regarding whether Alice Huang was recruited by the Chinese Ministry of State Security to monitor Jensen Huang and, in turn, monitor U.S. policymakers. The FBI has been investigating this relationship for at least a year. U.S. Attorney General Todd Blanche stated on Thursday that the Department of Justice and he himself have not reached any conclusions regarding this matter.

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.

In the Huang Renxun incident, the involved company Megaspeed International officially announced that it attaches great importance to complying with U.S. export control laws, stating that compliance is the company's top priority, and it is committed to constructive and transparent cooperation with the U.S. government.Megaspeed has cooperated with the U.S. Department of Commerce's Bureau of Industry and Security (BIS) inspections and is ready to fully cooperate with other relevant U.S. government agencies at any time. To further strengthen its compliance commitment, Megaspeed has hired a well-known U.S. law firm to lead a comprehensive inventory of the company's graphics processing units (GPUs) and independently verify the company's export control compliance practices. Megaspeed stated that it welcomes appropriate government oversight and will demonstrate through concrete actions that the company operates in a responsible and transparent manner while complying with applicable U.S. laws.Megaspeed is a cloud computing and data center company registered in Singapore and is an important customer of NVIDIA. The New York Times previously cited trade data reporting that from June 2024 to February 2026, Megaspeed's affiliated company in Malaysia procured advanced AI servers and other equipment, including NVIDIA chips and related products. Huang Le previously served as the CEO and chairman of the board of Megaspeed and is one of the main controllers; she has appeared alongside Huang Renxun multiple times at public business events.

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.

According to Bitcoin News monitoring, Coinkite CEO Rodolfo Novak (NVK) stated that a new AI model discovered a Coldcard vulnerability that was missed by human reviewers, which Bitcoin developers have disputed. This vulnerability exists in firmware versions 4.1 and later and can bypass the hardware random number generator.Between July 30 and August 4, over 5,200 addresses lost approximately 1,816 BTC, worth about $116 million. NVK mentioned that there had been at least 15 prior reviews.James O'Beirne stated that he privately pointed out issues with Coldcard's random number generation in May 2025. Firmware updates can fix issues for new devices but cannot fix old mnemonic phrases; affected users need to generate new mnemonic phrases.

According to Gate market data, NVIDIA (NVDA.O) fell by 14%, with a market value dropping below $4 trillion for the first time since July 2025.

Bitcoin News posted on platform X that Trezor confirmed that three Safe 5 devices sold by CryptoBilis contained malicious implants that could steal recovery phrases and password phrases. The implants intercept screen data and send it to servers controlled by attackers via mobile networks.Trezor stated that the released firmware 2.13.1 can disable the discovered implants, and its dealer network has been reduced by about 80%; currently, no customers have reported stolen funds. Customers who purchased devices through CryptoBilis starting in March 2026 can apply for replacements, and affected users should still transfer their funds to wallets using a brand new recovery seed, as firmware updates cannot eliminate previously leaked information.

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.

Tether announced that KPMG U.S. has completed an independent audit of the financial statements of TG Commodities, the issuer of Tether Gold (XAU₮), as of December 31, 2025, and issued an unqualified opinion. The audit shows that XAU₮ is fully backed by physical gold. This is the second stablecoin under Tether to complete an audit by one of the Big Four accounting firms, following Tether International, the issuer of USDT, in August of this year.During the audit, KPMG conducted a physical count and verification of each gold bar backing XAU₮, rather than relying solely on confirmations from custodians. As of December 31, 2025, TG Commodities holds 520,089.350 ounces of pure gold, valued at $2.246 billion, corresponding to the issued 520,089.300 XAU₮.The gold is stored in Swiss vaults and meets the London Good Delivery standards, with ownership belonging to the token holders, where each token corresponds to an indivisible ownership of specific gold bars. The company also hires an independent third party to conduct quarterly sampling tests of the gold bars.CEO Paolo Ardoino stated that XAU₮ is expected to become the first true competitor in the gold ETF market, as gold can be settled instantly, with lower custody costs and higher transparency. CFO Simon McWilliams mentioned that auditing the largest and most complex USDT and XAU₮ is paving the way for a comprehensive audit of the entire company.

According to the "2026 Q4 Outlook Report on the Cryptocurrency Stock Market" published by RootData Research, from August to October 2026, Bitget's stock derivatives ±2% depth average reached 418 million USD, ranking first among eight platforms.In addition, Bitget's depth share reached 23.90%, with a larger visible order size within the ±2% range, demonstrating strong competitiveness in market liquidity supply.

A hacker publicly sold suspected personal information of TSMC employees on an underground forum, claiming to possess up to 46,000 records with a data volume of 6.9GB, and is asking for 3 bitcoins. The hacker even threatened to fully disclose the related information if no one purchases it within a week.In response, TSMC confirmed that some personal information of current and former employees was disclosed without authorization. Preliminary investigations indicate that this information matches data from a certain cloud service provider's system, but there is currently no evidence that TSMC's own data systems have been breached. TSMC emphasized that the related information is unrelated to the company's production and customer data. The company has been notifying affected individuals and providing necessary assistance, while closely cooperating with the relevant cloud service provider, investigative agencies, and third-party cybersecurity organizations to expedite the clarification of the incident's cause and take necessary measures.

According to Jiemian News, Tongxin Intelligence has completed hundreds of millions in seed and angel round financing, with investors including Tsinghua Alumni Seed Fund, Beijing General Artificial Intelligence Research Institute, Songlin Technology, Pingzhi Information, Anwu Intelligence, and Yuzizhangquan.The funds from this round will mainly be used for core architecture design and research and development before chip tape-out. Tongxin Intelligence was founded in April 2026 by artificial intelligence scientist, president of Beijing General Artificial Intelligence Research Institute, and chair professor at Peking University and Tsinghua University, Zhu Songchun. Its first product is positioned to support AGI algorithm inference chips, aimed at applications such as large models, world models, and general intelligent agents, with plans to start FPGA prototype verification in early December this year.

The capital market commentary agency The Kobeissi Letter has voiced its opinion to the board of directors of Nvidia, urging them not to fire founder and CEO Jensen Huang. The agency stated that there is currently no clear candidate to replace Jensen Huang, and his departure would ultimately have a net negative impact on Nvidia, its shareholders, and the artificial intelligence industry. The agency cited a study on 187 cases of forced CEO departures among S&P 1500 index component companies, which indicated that replacing a high-performing CEO leads to negative long-term stock returns, and believes this case will be no different. The agency stated that Jensen Huang is a high-performing CEO, and the board should not make decisions in an emotionally charged environment.The Kobeissi Letter suggested that the board take time to conduct a comprehensive investigation and consult with shareholders, focusing on listening to shareholder opinions, holding a special shareholder meeting, and conducting advisory votes on related decisions, stating that shareholders should have a voice. The agency noted that Nvidia's stock price has dropped 35% over 26 trading days, with nearly half of the decline related to recent scandals, and believes that the possibility of Jensen Huang being removed from the CEO position has already been factored into the price by about 80%. The agency also mentioned that Amazon retained Jeff Bezos as CEO after his extramarital affair became public in 2019, and the company's stock price rose 108% by 2021. The agency stated that personal misconduct should not be overlooked, but should be distinguished from corporate misconduct, and the consequences of replacing executives who are crucial to the company's success should be weighed.

According to Global Market Broadcast, Bridgewater's Co-Chief Investment Officer Karen Karniol-Tambour will leave to become the first CEO of the newly established Canadian Sovereign Wealth Fund, the Canada Prosperity Fund. This fund is one of the initiatives promoted by Canadian Prime Minister Mark Carney, aimed at strengthening Canada's key strategic industries and reducing economic dependence on the United States. The fund has an initial investment of 25 billion Canadian dollars (17.7 billion US dollars), sourced from the federal government, and will only invest in Canadian companies and projects to seek long-term returns.41-year-old Karniol-Tambour has been with Bridgewater since graduating from Princeton University in 2006. In 2023, during a company reform led by CEO Nir Bar Dea, she was appointed Co-Chief Investment Officer alongside Greg Jensen and Bob Prince, responsible for Bridgewater's Asia strategy, which includes the China investment management business. Sources indicate that Bridgewater has no plans to hire or promote anyone else to replace Karniol-Tambour. In addition to Jensen and Prince, Bridgewater also has two Deputy Chief Investment Officers, Ben Melkman and David Trinh.

According to data shared by analyst Adam, the decentralized exchange (DEX) trading volume on the Hyperliquid ecosystem L2 network Elysium reached $122 million on its first full trading day after the mainnet launch, involving approximately 58,700 wallets. Of this, 33.2% of the trading volume (about $40.5 million) came from Launchpad tokens.Currently, Montra holds a leading position in the Launchpad token market, with a market share of up to 71.1%.