NVIDIA's board of directors is preparing to oust Jensen Huang, with its US-listed NVDA stock falling as much as 9% in after-hours trading.

According to a piece by Gray Research’s The Stack column and its research head Zach Pandl, Zcash’s monthly active developer count has roughly doubled over the past two years, while the overall crypto industry’s developer base has fallen from its peak in the same period. Gray cited data from Electric Capital’s Developer Report as of November 2, 2026, noting this divergence shows that amid a pullback in industry engagement and intensifying narrative competition, Zcash continues to draw more developer attention. Gray stated that a larger contributor base helps advance infrastructure required for wallet usability, security, and broader adoption; for investors, sustained developer engagement reflects a network’s ability to continuously improve. The piece added that around 70% of Zcash’s active developers have over one year of crypto development experience, higher than the industry average of 58%. Its developers combine deep expertise in zero-knowledge proofs with post-quantum cryptography research, working toward the clear goal of making private digital currencies more accessible. Gray concluded that Zcash’s growing developer community aligns strong privacy principles with the goal of making private digital currencies more usable.

Bitcoin mining firm MARA Holdings (MARA) disclosed in its Q3 2026 report and shareholder letter filed on November 9 that after the third quarter ended, the company sold 13,597 bitcoins at an average price of roughly $81,039, bringing in around $1.1 billion in proceeds. It used $750 million of that sum to fully repay bitcoin loans borrowed from Coinbase Credit and Two Prime, and released 17,477 bitcoins previously pledged as collateral. The sale represents approximately 40% of MARA’s 34,012 bitcoin holdings as of September 30. The shareholder letter noted the $750 million loan was taken on August 4, comprising $600 million in new financing and $150 million to replace an existing line of credit, to fund the Long Ridge acquisition. The company borrowed against its bitcoin holdings when the cryptocurrency traded at around $64,000, and sold the coins at the aforementioned average price after the quarter, generating an estimated net profit of roughly $170 million. Following the repayment, the share of MARA’s bitcoins that were lent or pledged as collateral fell to below 5%, down from about 57% at the end of Q3. The firm also said it has cut its debt by $1.4 billion since the start of 2026, equal to 37% of its total debt. The letter added MARA will continue to sell bitcoins as market conditions permit to boost financial flexibility, with proceeds potentially allocated to artificial intelligence (AI) infrastructure, convertible bond put options exercisable next year, and potential share repurchases. In the first nine months of 2026, MARA has sold approximately 26,984 bitcoins, generating $1.9 billion in proceeds.

The New York Times, citing five former NVIDIA employees, reports that in addition to the previously admitted extramarital affair, NVIDIA CEO Jensen Huang has another extramarital relationship with Kimberly Powell, the company’s vice president of healthcare. Powell reports directly to Huang, and both are married. According to insiders, the pair were photographed behaving intimately at a hotel in San Jose, California during NVIDIA’s GTC Developer Conference in March this year. Someone captured the footage on a mobile phone; Huang’s security team subsequently isolated the photographer and required them to sign a non-disclosure agreement. The New York Times said it has not seen the video. The relationship had previously been discussed internally at the company. Powell was scheduled to speak at the opening of the Milken Institute’s Global Conference for Health in Washington on the morning of November 12. Meg Tirrell, a CNN journalist set to moderate the session, confirmed Powell had canceled her attendance without specifying a reason. When a New York Times reporter reached Huang via phone, he responded, “I don’t think you should talk to me directly,” before hanging up. This marks the second extramarital affair scandal to surface around Huang in a week. Meanwhile, The Wall Street Journal reports that NVIDIA’s board of directors is preparing to oust Huang, with a special meeting to discuss his position scheduled as early as local time November 11. Following the news, NVIDIA’s stock plunged roughly 9% in after-hours trading. Since Huang’s first extramarital affair with Alice Huang was exposed, the company’s stock has fallen 18% across the two scandals (calculated based on after-hours declines), leading to an approximate $820 billion erosion in NVIDIA’s market capitalization.

Bloomberg, citing people familiar with the matter, reports that as the longest-serving Federal Reserve policymaker approaches retirement, the Fed is discussing term limit rules for regional Federal Reserve bank presidents. The focus is on whether John Williams, president of the Federal Reserve Bank of New York, can serve until June 2028, marking 10 years in his role, or must step down in June 2027 when he turns 65. According to relevant rules, regional Fed presidents generally must retire at 65; however, those first appointed after age 55 may serve until either completing 10 years in the role or reaching age 75, whichever comes first, as decided by the regional bank’s board. One point of contention is whether Williams’ tenure as president of the Federal Reserve Bank of San Francisco from 2011 to 2018 counts toward the 10-year term. Williams and several observers had previously interpreted the rules as allowing him to serve until June 2028. He told Bloomberg last month that he plans to stay in the role until that time, calling it a commitment to the New York Fed’s board and his family. If Williams departs in 2027, Fed governor Kevin Warsh would have the opportunity to influence the appointment of this key regional Fed leader one year in advance. The people familiar with the matter said it remains unclear whether Warsh or other board officials support ending his tenure early; requiring Williams to step down prematurely could trigger opposition from other regional Fed presidents, who fear further Washington interference in the operations of regional Fed banks. A spokesperson for the Federal Reserve Board and Pat Wang, chair of the New York Fed’s board of directors, both declined to comment. The New York Fed’s board has not officially launched a successor selection process, which typically takes several months.

According to Predict.fun data, the probability of "Yes" for the question "Will Jensen Huang resign or be removed from office before December 31?" on the prediction market has surged to 88% following the emergence of relevant reports. Earlier, The Wall Street Journal reported that NVIDIA’s board of directors is preparing to oust the company’s founder and chief executive officer Jensen Huang. The board may hold a meeting as early as today (local time, the 11th) to decide on CEO Jensen Huang, who has come under scrutiny over two allegations of extramarital affairs.

MSCI released the results of its November global standard index review, with Strategy (MSTR, formerly MicroStrategy) Class A shares added to the MSCI USA Index exclusion list. The adjustment is based on price cutoff data as of October 20, and will take effect after the close of November 30. This move implements new rules MSCI announced on October 15, which will exclude "non-operating companies" identified via quantitative screening from global investable market indices. The rules first assess whether an issuer holds substantial operating assets; those that fail the assessment undergo screening against five financial ratios, and will be ineligible for inclusion if four or more ratios are breached. Existing index constituents will only be removed if they fail the screening in both of the most recent two annual reporting periods.