Markets
Latest Markets news and updates

Nvidia Employees Push Board to Bring Back Jensen Huang: Report
An internal post urging Nvidia's board to weigh staff sentiment has drawn more than 1,600 comments, including calls to reinstate Huang.

DOJ moves to seize $1.2B from Binance hack, disrupts FaceStealer scam
Authorities froze over $2.7 billion in Binance hack proceeds, while the separate FaceStealer scam stole over $400 million in 18 months.

Unocoin keeps deposits and withdrawals halted over suspect transfers
Unocoin said the transfers were signed outside BitGo’s platform while its account was frozen, possibly via a wallet recovery feature.

Gemini’s quarterly retail trading volume sinks to 3-year low
Gemini’s third-quarter trading rebound masked a deepening retail slump.

Former Nvidia CEO Huang had third alleged affair: Reuters
Reuters reported that Jensen Huang had a relationship with another Nvidia employee, hours after he resigned as CEO.

Republican Senator Wants to Freeze AI Data Center Boom as Congress Pushes to Expand It
Senator Josh Hawley wants a nationwide construction pause until households are protected from rising power bills, even as Congress advances legislation designed to accelerate America's already massive AI infrastructure buildout.

Maple Finance’s strategy rift sends co-founder, COO to the exits
Maple Finance co-founder Joe Flanagan and COO Ryan O’Shea are leaving over disagreements about the firm’s direction as SYRUP falls despite revenue growth.

North Korea's Binance hack faces U.S. crackdown as DOJ targets $1.2 billion in stolen crypto
Federal authorities say they've taken infrastructure used in the FaceStealer scheme used to steal as much as $400 million in crypto assets.

North Korea Stole $400 Million in Crypto Using Deepfake Video Calls, DOJ Says
The FBI says the “FaceStealer” scheme uses prerecorded footage and AI deepfakes of trusted contacts to trick crypto workers into installing malware on video calls—as the DOJ also moves to seize $1.2 billion from the Binance hack.

Kalshi ends Donald Trump Jr. advisory role over Polymarket investment: Reuters
The prediction market operator said the decision was mutual and followed 1789 Capital’s investment in rival Polymarket, denying political considerations.

NK hackers join memecoin trenches, xStocks adds Hong Kong equities: Asia Express
North Korean hackers launch memecoins to launder funds stolen in the Binance hack, while xStocks plans to add hundreds of Hong Kong-listed equities in the coming weeks.

Kalshi ends Donald Trump Jr.’s advisory contract over 1789 Capital’s Polymarket investment
Trump Jr. joined Kalshi as a strategic adviser in January 2025, helping the prediction market expand its customer base and strengthen its market presence.

Who Is Colette Kress, Jensen Huang’s Successor as Nvidia CEO?
Nvidia’s longtime finance chief inherits its first leadership transition in 33 years, bringing decades of technology experience and Wall Street credibility to a company facing a very public leadership test.

Nvidia, AMD, Broadcom: The AI Stock Winners and Losers After Jensen Huang’s Ousting
Nvidia shares tumbled after Jensen Huang’s exit, while AMD and Broadcom climbed and Nvidia-backed CoreWeave sank. Here's how the AI trade is shaping up.

'A Massive Mistake': Tech, AI and Crypto Founders React to Jensen Huang’s Nvidia Exit
Nvidia’s founder is out, and tech and crypto leaders are fuming. Some fear for open-source AI, others question the board, while Elon Musk says he’d be honored to hire Huang.

Jensen Huang resigns as Nvidia CEO, exits board; shares plunge
Colette Kress will remain Nvidia’s chief financial officer while serving as interim CEO as the board searches for a permanent successor.

Nvidia CEO Huang quits company he co-founded, led for 3 decades. Shares slump
CFO Colette Kress takes over as interim CEO after Huang steps down immediately as president, chief executive and board member, as shares tumble.

Jensen Huang Resigns as Nvidia CEO, With CFO Colette Kress Named Interim Chief
The Nvidia co-founder steps down after reports of affairs with an alleged Chinese spy and a company executive, ending his 33-year run.

Jensen Huang resigns as Nvidia CEO, exits board; shares plunge 13%
Colette Kress will remain Nvidia’s chief financial officer while serving as interim CEO as the board searches for a permanent successor.

Nvidia shares plunge as much as 14% as Jensen Huang resigns
CFO Colette Kress takes over as interim CEO after Huang steps down immediately as president, chief executive and board member, as shares tumble.

Crypto hack losses equal 57 cents per $1 earned onchain: Ark’s Valente
Crypto hackers stole $8.7 billion so far in 2026, surpassing the projected annual onchain revenue generated across the industry, according to ARK’s research director.

Bit Digital stock falls 5% in pre-market after Q3 revenue miss
Bit Digital’s $27 million third-quarter revenue came in 16% below analyst consensus estimates, marking an over $5 million shortfall.

Jensen Huang resigns as NVIDIA CEO and board member
Colette Kress will remain Nvidia’s chief financial officer while serving as interim CEO as the board searches for a permanent successor.

Nvidia shares plunge 10% to June 2025 levels as Jensen Huang resigns
CFO Colette Kress takes over as interim CEO after Huang steps down immediately as president, chief executive and board member, sending shares down 10% to $156.

The next Congress will write rules for AI and emerging tech. They should use the stuff first.
The best thing industry leaders can do is to invest the time to ensure this country’s policymakers can experience the technology they’re regulating up close, writes Allie Page, executive director of American Innovation Project.

India's Financial Crimes Agency Searches CoinDCX, Delta Exchange Over Offshore Trades
The Enforcement Directorate alleges the exchanges routed Indian users' trades to Binance, Bybit and others via a Costa Rican shell entity.

Stablecoin supply falls $14.2B in biggest 30-day drop since June 2022
Crypto markets were left with “less fuel” to rally after the market cap of major stablecoins saw its biggest 30-day drop in over four years.

Nomura weighs Laser Digital sale as European losses hit four straight quarters
The Japanese brokerage has held talks with potential buyers, including Marex, as its European business posts more losses.

Polymarket trims workforce under investor pressure as Kalshi surges ahead
More than half of those affected were contractors, a source told Reuters. The cuts follow investor pressure on founder Shayne Coplan.

Gemini sells UK and European operations to stablecoin payments firm KAST for under $10 million
The sale follows the Winklevoss-founded crypto exchange’s retreat from several overseas markets as it restructures its business.

Live news: AI stocks slide with Nasdaq 100 futures in retreat following Wednesday's rally
Nasdaq 100 futures retreat after Wednesday’s rally, while AI stocks slide, Strategy falls 4% and gold trades below $4,000.

MSCI confirms Strategy’s removal from indexes at end of November
Strategy, Metaplanet and Upexi are marked for deletion in MSCI’s final list, with changes taking effect after the Nov. 30 close.

Nvidia-Backed CoreWeave Is Surging: Here’s What It Means for the AI Boom
CoreWeave's 168% revenue jump sent its shares soaring and lifted Nvidia and other AI stocks. Strong demand is reassuring investors, but the cost of building it remains enormous.

Nvidia preparing to oust CEO Jensen Huang after affairs: WSJ
Nvidia’s board could meet as soon as today to decide Jensen Huang’s future, WSJ reports.
Nomura explores sale of crypto unit Laser Digital: Bloomberg
The potential sale of Laser Digital follows a fourth straight quarterly loss for Nomura’s European operations.

Uncalled US House races could send more crypto allies to Congress
The remaining races feature pro-crypto candidates and others without a stated position, giving advocacy groups what they see as “an opportunity” for outreach.

This New AI Music Model Is Already Better Than Suno—We Put ACE to the Test
ACE Music v1 tops the AI music rankings with more natural vocals and stronger song structure. Our tests found impressive results, though niche genres remain a challenge.

Kraken Parent Payward Brings 200 UK and EU Stocks Onchain as xStocks
The expansion takes xStocks past 1,500 tokenized assets, though the new UK tokens still can't be bought by investors in the UK.

Zcash falls below $1,000 for first time since September
Zcash fell nearly 15% amid a broader sell-off in privacy coins, a day after Grayscale pledged $1 million to ecosystem initiatives.

FSB urgest Turkey to tighten crypto oversight, set stablecoin rules
The Financial Stability Board cited progress on crypto licensing and urged stronger enforcement and cooperation with foreign regulators.

CoreWeave stock jumps 15% premarket after Q3 revenue beats estimates
CoreWeave’s third-quarter revenue rose 168% to $3.66 billion, beating analyst estimates by 3.4%. Its revenue backlog reached $132.5 billion.

Meet Spiko, the largest tokenized fund in the world you’ve probably never heard about
The firm’s flagship Spiko Amundi Overnight Swap Fund (SAFO) held $2.39 billion in assets under management as of late last month.

Nvidia Sheds $430B in Two Days as Jensen Huang Faces Calls to Resign
Nvidia's independent directors have hired Wachtell Lipton to investigate its CEO's ties to an alleged Chinese spy, as pressure mounts.

Kraken parent adds over 200 tokenized UK and EU stocks to xStocks
The expansion adds more than 200 tokenized UK and EU equities, including all 40 companies in Germany’s DAX index, as xStocks plans further expansion into Hong Kong.

Avalanche Won Over the NYSE. Now It Has to ‘Capture Value’ for AVAX
The New York Stock Exchange will use Avalanche infrastructure, but experts say that won't necessarily boost AVAX's price.

Kraken's xStocks adds 200 UK and EU shares as its assets top $1.1 billion
Payward says xStocks holds over $1.1 billion. Each token is backed by a share but gives no ownership of the underlying company.

Prisoner Jailed for 8 Years Over $2.7M Crypto Theft Plot Run From His Cell
Robert Barr planned to have accomplices force a crypto investor to install remote-access software so he could drain the wallet from prison.

Bitget Wallet reports sevenfold jump in crypto phishing risk alerts
The wallet flagged about 37,000 signing requests a week for phishing in Q3 and said better monitoring likely contributed to the increase.

Nvidia Erases 2026 Gains as Republicans Threaten Jensen Huang With Subpoena
The chipmaker has erased its 2026 gains as a suspected Chinese espionage case brings fresh scrutiny of CEO Jensen Huang.

Elon Musk Calls Claude Opus 5.5 a 'Masterpiece', Admits Grok 4.8 Won't Match It
Elon Musk says the incoming Grok 4.8 will trail Anthropic’s Claude Opus 5.5, praising his rival’s model while predicting Grok 5 could surpass it in two or three months.