This week, the three major U.S. stock indices rose, while NVIDIA recorded a 13% weekly decline, with its market capitalization plunging by over $573 billion.

U.S. spot Bitcoin ETFs have posted net outflows for two consecutive weeks, totaling $2.35 billion. Of this, net outflows reached $1.07 billion for the week of November 9 to 13, and $1.28 billion for the prior week. On Friday, U.S. spot Bitcoin ETFs recorded a single-day net outflow of $185.4 million, with BlackRock’s IBIT seeing $143.5 million in outflows and Fidelity’s FBTC posting $41.9 million in outflows. This marks the seventh consecutive trading day of net outflows for U.S. spot Bitcoin ETFs, with cumulative outflows totaling around $1.71 billion since November 5. Among them, BlackRock’s IBIT has suffered net outflows for 11 consecutive trading days, with total outflows reaching roughly $2.35 billion. The fund’s net outflows since November have hit $2.12 billion, accounting for approximately 90% of the total net outflows of U.S. spot Bitcoin ETFs over the same period.

According to monitoring by Onchain Lens, a newly created wallet address withdrew approximately $2 million worth of ETH from Gate.io via four transactions in the past hour, with the most recent withdrawal amounting to around $698,000.

According to Onchain Lens monitoring, a whale address has just swapped 1.5 million USDT for 786.16 ETH. Valued at the transaction price, the sum is approximately $1.49 million, and the ETH was subsequently transferred to a new wallet. The relevant wallet address is: 0xa9f5bc32bb16c17bcd81d502d5b4d16044dc3e5d.

Goldman Sachs, Morgan Stanley, and JPMorgan Chase have successively signaled a year-end rebound in US stocks, noting that recent sharp sell-offs, valuation corrections, and concentrated deleveraging by hedge funds have set the stage for a market short squeeze. Goldman Sachs pointed out that market positions have been largely cleared, global stock valuations have returned to near their 35-year historical average, selling pressure is nearly exhausted, and a "Santa Claus rally" may arrive at year-end. Morgan Stanley data shows that hedge funds' net positions in the AI sector have recently turned underweight for the first time since 2023; JPMorgan, for its part, advises investors to buy on dips. However, Goldman Sachs warned that the six-month annualized growth rate of global manufacturing import price inflation has reached around 24%, exceeding the inflation peak during the pandemic, while the annualized increase in global producer prices has also hit roughly 11%. As the pass-through of upstream costs to consumers typically takes 6 to 12 months, inflationary pressures may materialize sharply in the first quarter of next year, forcing the Federal Reserve to maintain its tight policy stance. Goldman Sachs argues that if the year-end rebound leads to a re-easing of financial conditions, it could instead weaken the Fed’s case for holding policy steady, and even exhaust future upside potential. Its strategists warn that investors need to guard against a market correction following the year-end rally.

On social media, a petition website calling on NVIDIA’s board of directors to reinstate Jensen Huang has seen surging popularity, briefly causing server overload this morning. Replit CEO Amjad Masad publicly stated he has contacted the website’s owner to help adjust rate limits, and the site is now back to normal operation. As of now, the petition has garnered 58,086 signatures, including 3,703 current NVIDIA employees, 595 former employees, and 32,077 shareholders, among others. High-profile figures including Elon Musk, Tom Lee, and Replit CEO Amjad Masad have all publicly signed the petition. Earlier, on November 12, 2026, NVIDIA announced that Jensen Huang would step down as CEO, effective immediately, marking the end of his 33-year tenure leading the company he co-founded. Organizers and signatories of the campaign fear Huang was forced out without due process, and even without sufficient time to defend himself, hence demanding an explanation from the board. The open letter’s core demands to NVIDIA’s board are: 1. Reinstate Huang as CEO pending an independent investigation to ascertain the facts; if he remains removed, provide evidence-backed explanations. 2. Ensure the investigation is independent, with clear scope and timeline, and grant Huang a fair opportunity to defend himself. 3. Issue a timely public statement addressing concerns, evidence, and the balance of interests for employees and shareholders. The letter stresses: “33 years of leadership does not mean immunity from accountability, but accountability requires evidence and due process, not a public trial by mob.” The website states the campaign is independent and has not been endorsed by NVIDIA or Jensen Huang himself.

Dongcha Beating AI News Flash: Anthropic CEO Dario Amodei said during a fireside chat with JPMorgan CEO Jamie Dimon at the bank’s New York headquarters on Friday that the company is not particularly focused on the specific month or market conditions for its IPO, stressing that Anthropic aims to adopt an "under-promise, over-deliver" strategy. Amodei noted that he agrees with the advice that the company’s valuation should not exceed its intrinsic value by even $1. Amid recent sharp volatility in the AI sector and pressure on tech stock valuations, Anthropic is taking a cautious approach to its IPO pricing. According to reports, Anthropic’s current target valuation is around $1.33 trillion or higher, with plans to issue 825 million shares at a price range of $70 to $78 per share. At the midpoint of the price range, the offering would raise over $61 billion. Additionally, investors including Google plan to inject around $26 billion via a private placement. Amodei also admitted that computing power investment is the "most profound business challenge" facing the company, as massive spending on computing resources continues to weigh on its finances.