Serenity: If Jensen Huang steps down, NVIDIA’s valuation could plummet, with capital shifting to rivals like AMD.

Crypto trader and ZEC’s major bull Taiki Maeda posted that he had to liquidate his long position in ZEC perpetual contracts, but will continue to hold ZEC spot. The trading performance screenshot he shared shows that over the past year, his cumulative profit was approximately $3.0468 million, with a return of +394.92%. Maeda remains bullish on ZEC’s performance in 2027, noting that Tachyon is expected to address some major issues facing Bitcoin. He also joked that this liquidation might be a "bottom signal".

According to monitoring by ai_9684xtpa, over the past two days, Elon Musk followed the account ChainChomp131, which has only around 5,000 followers and is suspected to belong to his son Saxon. Early this morning, the account launched the meme coin MAX, whose market cap once exceeded $13 million. Shortly after, Musk unfollowed the account, and MAX's price has since fallen 86.4% from its peak. Additionally, wallet address 9BMzT…FQdLU bought into MAX at its peak during the rally, then continued to add positions as the price dropped. The address has invested a total of $72,800, currently facing a loss of around $53,900, with its assets shrinking by 70% within five hours.

According to TradingBeats’ monitoring, address 0x30af opened a new Nvidia (NVDA) short position worth approximately $3.1657 million at an average price of $169.57 at 05:58 Beijing time this morning. About half an hour later, The Wall Street Journal cited sources familiar with the matter as saying that Nvidia’s board of directors was preparing to remove Jensen Huang from his CEO post. When the report hit news feeds, NVDA futures dropped to around $156.14 within minutes, down roughly 10% from its U.S. stock market closing level. The short position was opened between the two reports. News release records show that The New York Times published a report about Jensen Huang and a Nvidia executive at around 05:57, when the after-hours stock price was already weakening. The address quickly initiated the short trade one minute later. After that, at around 06:28, The Wall Street Journal reported on the board’s move, and the decline widened immediately. Independent directors of Nvidia had previously announced publicly that they had hired external lawyers to launch an investigation. Approximately four and a half hours before opening the short position, this “smart money” had just closed out a long position it bought after CoreWeave’s earnings report the previous day, realizing about $97,900 in profits. As of press time, the Nvidia short position is still fully held, with a position value of approximately $3.03 million, an unrealized profit of about $133,800, and a full-position cover trigger order set at $167.

According to Lookonchain’s monitoring, a whale that had been dormant for approximately 4 years transferred 1,000 BTC to Binance 8 hours ago, valued at around $73.78 million.

A whale deposited 1,000 $BTC ($73.78M) into #Binance 8 hours ago after 4 years of inactivity.

According to U.S. media outlet Semafor, some Nvidia board members are leaning toward appointing Chief Financial Officer Colette Kress as interim chief executive officer. The outlet reports the board has not yet made a decision on the matter, with directors scheduled to hold a meeting on the evening of November 11 Eastern Time. Earlier, Semafor confirmed that following media reports of Jensen Huang’s second extramarital affair, Nvidia’s board is preparing to oust the CEO and founder, with a decision possibly coming as early as that day. A senior U.S. government official said the Nvidia board has notified the White House of its planned meeting. Semafor adds that the company’s stock dropped more than 8% in after-hours trading, hitting a 52-week low. According to Semafor, Jensen Huang has admitted to an extramarital affair with a woman. The board of the roughly $4 trillion market-cap company has announced that law firm Wachtell Lipton will lead the investigation into Huang. Semafor also notes that in addition to supplying advanced chips to cloud providers, Nvidia has secured a multibillion-dollar financing arrangement to fund artificial intelligence infrastructure construction.