Viewpoint: After Jensen Huang's absence, clients are accelerating evaluations of AMD and Google chips, and NVIDIA's customer lock-in effect is loosening.

According to monitoring by Onchain Lens, the U.S. government currently holds 306,790 BTC, 17,430 ETH, and other crypto assets, with a total value of approximately $20.57 billion.

Italy’s data protection authority has fined Meta Platforms Ireland Limited 805 million euros. Investigations found that since 2023, Facebook’s Android app’s “Get suggestions from album while browsing Facebook” feature accessed Italian users’ photos, videos and related metadata without their specific, informed consent. The feature is enabled by default, with overly generic permission prompts; a single permission covering the entire app allows permanent access to device album content, and neither users nor regulators can verify its actual scope of use. Regulators ruled the act violates Article 122 of Italy’s Privacy Code, which implements the EU ePrivacy Directive, emphasizing that mobile phones are personal private spaces, and any access requires free, informed consent regardless of whether data is transmitted or actual harm is caused. Meta’s defense that jurisdiction rests with Irish regulators was rejected, as the ePrivacy Directive does not apply to the “one-stop” regulatory mechanism. The penalty was calculated taking into account factors including around 20 million affected Italian Android users, ongoing violations, a prior 2019 penalty record, and low cooperation during the investigation. The fine accounts for approximately 0.47% of the group’s global revenue. Meta is required to disable the feature by default within 60 days, separately obtain explicit user consent, clearly inform users of the feature’s purpose and opt-out method; if valid consent is not obtained within the period, the feature may not be enabled. It must submit remediation progress reports within 30 and 90 days respectively. No AI training use was involved (Meta denied such use), and the cloud album processing feature set to launch in 2026 will be assessed separately.

易理华, founder of Liquid Capital, posted that after exiting Bitcoin at the $86,000 peak, he had been seeking opportunities to buy the dip. However, with the Democratic Party taking office and the Jensen Huang incident completely disrupting the short-term AI ecosystem, his recent reflections on the impact this will have on the U.S. stock market over the next 1-2 years have outstripped the data frameworks used to analyze Bitcoin trading. Last night, he discussed for nearly an hour with Justin Sun, exploring why Sun is bearish on the Nasdaq and Bitcoin. Sun noted that liquidating AI stocks now could well prove to be a future peak. Over the past few years, AI firms represented by NVIDIA have amassed far more leverage and subprime-style debt due to excessive optimism about the AI trend than the current growth in AI revenue. If issues emerge with leading player NVIDIA or even Elon Musk, the entire industry will face deleveraging and a bubble-bursting process, leading to a sharp, sustained correction in the U.S. stock market. In a worst-case scenario, this could even trigger a financial crisis; one must always prepare for the worst.

According to Lookonchain's monitoring, Erik Voorhees, an early Bitcoin supporter and founder of ShapeShift, appears to be buying the dip on Ethereum. Multiple wallets linked to Voorhees spent $97 million over the past four days to acquire 48,647 ETH at an average price of $1,994. These wallets still hold $78.68 million in stablecoins, indicating they may continue purchasing.

Early Bitcoin supporter and ShapeShift founder Erik Voorhees(@ErikVoorhees) appears to be buying the $ETH dip! We spotted many wallets linked to Erik Voorhees that spent $97M to buy 48,647 $ETH at an average price of $1,994 over the past 4 days. These wallets still hold $78.68M

The petition website urging NVIDIA’s board to reinstate Jensen Huang continues to gain momentum. As of press time, the site has garnered 83,409 signatures, including 4,656 current NVIDIA employees, 806 former employees, and 44,547 shareholders. Notable public figures including Elon Musk, Tom Lee, and Replit CEO Amjad Masad have publicly signed the petition. Earlier, on November 12, 2026, NVIDIA announced Huang’s immediate resignation as CEO, ending his 33-year tenure leading the company he co-founded. Campaign organizers and signatories fear Huang was forced out without proper due process or sufficient time to defend himself, and are demanding an explanation from the board. The open letter’s core demands to NVIDIA’s board are: Reinstate Huang as CEO pending an independent fact-finding investigation; if he remains away from the role, provide evidence-backed explanations. The letter also calls for ensuring the investigation is independent, defining its scope and timeline, granting Huang a fair chance to defend himself, and issuing timely public statements addressing relevant concerns, evidence, and trade-offs for employees’ and shareholders’ interests. It stresses: “Thirty-three years of leadership does not mean immunity from accountability, but accountability requires evidence and due process, not a public lynching.” The site notes the campaign is independent and has not been endorsed by NVIDIA or Huang himself.