Flash News

TREE NEWS reports: Nvidia founder and CEO Jensen Huang has announced his departure, CITIC Securities said in a research note, adding that the move, combined with changes in the U.S. political landscape, could trigger a revaluation of the AI supply chain and a style rebalancing in U.S. equities. The brokerage said the impact on the medium-term trend of U.S. stocks will still depend on the evolution of corporate earnings fundamentals, and that systemic selling pressure may be relatively limited.

TREE NEWS update: Nakamoto Inc. amended its loan agreement with Kraken, pushing the maturity of a $60 million principal tranche from December 4, 2026 to December 4, 2027. The USDT-denominated facility totals $165 million and is now split into two tranches: $105 million due June 30, 2027, and $60 million due December 4, 2027. The change leaves Nakamoto with no principal due in 2026.

TREE NEWS reports: Grayscale research shows bitcoin now explains only about 50% of return volatility across crypto sectors, with correlations declining. Annualized volatility ranges from 49% in the currency sector, where bitcoin accounts for 43%, to 85% in the AI sector, where bitcoin explains just 35%. Smart contract platforms show 58% volatility with 38% bitcoin-attributed, financials 59% with 30%, utilities and services 67% with 30%, and consumer and culture 76% with 46%.

TREE NEWS update: TSMC said some current and former employee data was found on an external website, with no evidence that its own systems were compromised. The chipmaker said the data appears to be linked to a cloud service provider and does not involve production or customer information.

TREE NEWS reports: President Donald Trump privately urged Nvidia CEO Jensen Huang to “fight for his job” before Huang announced his resignation on November 12, 2026, The New York Times reported. The report does not specify what prompted the resignation or the timing of Trump’s appeal. Nvidia has not publicly commented on the account.

TREE NEWS update: Cerebras Systems reported third-quarter 2026 revenue of $210.8 million, up 55% year on year, with cloud and other services revenue at $141.9 million, up 265%. Core revenue on a non-GAAP basis reached $230.9 million, up 70%, at a 41% core gross margin. The company guided full-year 2026 core revenue to $940 million–$960 million and said it had contracted 700 megawatts of data-center capacity as of Sept. 30.

TREE NEWS update: Federal Reserve Bank of New York President John Williams said monetary policy targets the inflation rate rather than the price level, warning that trying to lower the overall price level could produce bad economic outcomes. The remarks, reported Wednesday, reiterate the Fed’s framework of aiming at inflation rather than restoring past price levels.

TREE NEWS update: The chairman of the U.S. Senate Banking Committee has called on Nvidia CEO Jensen Huang and Commerce Secretary Howard Lutnick to testify before the panel. The request was made public without further detail on the subject of the hearing or a scheduled date. Neither Huang nor Lutnick has responded publicly to the summons.

TREE NEWS update: Jensen Huang has left Nvidia, raising questions over whether his successor can sustain the company’s $500 billion AI financing strategy, which aims to turn GPUs from rapidly depreciating hardware into bankable infrastructure assets. Huang’s front-of-house role was central to Nvidia signing memoranda of understanding with several of Wall Street’s largest asset managers in August 2026 to secure third-party capital for the landmark program.

TREE NEWS reports: Japan’s 5-year government bond yield climbed 7 basis points to 2.265% on Wednesday, extending a move higher in Japanese sovereign debt yields. The benchmark tenor’s rise reflects continued upward pressure along the JGB curve.

TREE NEWS reports: Japan’s Nikkei 225 opened 0.6% higher, while South Korea’s Kospi Composite opened up 2.1%. Samsung Electronics and SK Hynix each rose 3% at the open.

TREE NEWS reports: The US Treasury is pushing a plan to impose bank-level counterparty due diligence requirements on stablecoin issuers, requiring them to meet the same verification obligations as US banks. Details including the implementation timeline and the scope of covered entities and activities have not been disclosed. The proposal is aimed at tightening verification standards for stablecoin issuers.

TREE NEWS update: China is set to issue or is currently issuing a batch of local government bonds. The material did not specify the size, maturities or yields of the offerings, nor which provincial or municipal governments are involved. No further details were provided.

TREE NEWS update: Federal Reserve Bank of New York President John Williams said inflation is too high, in remarks that keep the central bank’s price-stability concerns in focus. Williams, a permanent voter on the Federal Open Market Committee, did not elaborate further in the statement. The comment comes as markets watch Fed officials for signals on the path of interest rates.

TREE NEWS update: MapleStory Universe put all services into maintenance from 12:43 Beijing time on Nov. 12 after detecting unauthorized access to part of its off-chain server infrastructure. The blockchain and smart contracts were unaffected, and no assets were transferred or stolen, the project said. Attackers obtained some user records from after 07:26 on Nov. 5, including wallet addresses, nicknames, avatars, login history, some email addresses and linked social accounts, but not real names, phone numbers, physical addresses, KYC or payment card data.

TREE NEWS update: Prediction market platform Kalshi terminated its advisory contract with Donald Trump Jr. after his venture firm 1789 Capital increased its investment in rival Polymarket. A Kalshi spokesperson said the two sides began discussing the termination in August following 1789 Capital’s lead of Polymarket’s latest funding round, calling it a mutual decision with no political considerations. Trump Jr. became a Kalshi strategic adviser in January 2025 and received company shares.

TREE NEWS reports: Samsung is in negotiations to acquire Modine, a company specializing in data center cooling systems. The potential deal, reported on [date not specified], would expand Samsung’s presence in data center infrastructure. Financial terms and the stage of talks were not disclosed.

TREE NEWS update: Nvidia’s board is searching for a permanent CEO and is considering both internal and external candidates, board chairman Harvey Jones said in a letter to employees Thursday. Interim CEO Colette Kress also wrote to staff expressing confidence in the company and thanking them for their professionalism. Jones said the board has full confidence in Kress, calling her a key driver of Nvidia’s business growth and capital strategy. An all-hands meeting is scheduled for Nov. 18.

TREE NEWS reports: Jensen Huang, who has resigned as CEO of Nvidia, was reportedly involved in an intimate relationship with another Nvidia employee. The employee’s identity has not been disclosed. The report follows earlier revelations of Huang’s extramarital relationships with two other women. Nvidia, Huang and board representatives did not respond to requests for comment.