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Microsoft Outage Hands Fax Machines a ComebackA global Microsoft outage has pushed parts of Japan’s financial sector back to an old tool. Market participants switched to fax after Outlook email, used to confirm trade details, stopped working.
The disruption began on Thursday and hit Microsoft 365 business apps such as Teams, SharePoint and Copilot worldwide, along with Outlook. In the US, Downdetector logged up to 130,000 Outlook reports at the peak.
How the Microsoft Outage Hit Japan’s Finance Sector
Nikkei reported that the outage disrupted Japan’s financial market. A source on a domestic asset manager’s trading desk said one broker had asked it to stop placing orders. That broker relies on Microsoft’s email system.
In addition, investment trusts delayed publishing their net asset values. The government’s shared IT system, overseen by the Digital Agency, also went down, Deputy Chief Cabinet Secretary Masanao Ozaki confirmed.
The root cause remains unclear. Microsoft says servers failed automated health checks, while a core process that sets up secure connections became overwhelmed.
Servers that came back online often failed again once traffic returned, the company adds. Its Japanese unit said it had found no facts pointing to a cyberattack.
Japan was not alone. In Australia, some workers also turned to fax machines, ABC reported. RSM Australia partner Ashwin Pal estimated the cost to local businesses in the billions of Australian dollars.
We're continuing to work on recovering our frontend servers while implementing further traffic optimization actions to improve service stability and increase capacity. A more comprehensive update can be found at MO1550821 in the Microsoft 365 admin center, as well as…
— Microsoft 365 Status (@MSFT365Status) November 13, 2026
The Microsoft outage follows a string of failures at central tech providers. In September, a separate outage took down ChatGPT, Claude and Grok. For crypto, the pattern also revives the debate about Web3’s centralization problem.
Wall Street Takes the Disruption in Stride
Japan still has a domestic fax industry. Brother, Canon and Ricoh continue to sell fax machines and printers with fax features. Even so, fax is no longer a core business for any of them.
Meanwhile, Microsoft shares closed slightly higher on Thursday despite the outage, then slipped in overnight trading. The stock was already under pressure after Microsoft overtook Nvidia in market value earlier this week.
Microsoft (MSFT) Stock Price. Source: TradingView
Still, a Microsoft outage of this scale shows how fragile financial plumbing can be. A single point of failure can freeze key systems, as a cooling failure at a CME data center showed last year.
Microsoft Outage Hands Fax Machines a Comeback
A global Microsoft outage has pushed parts of Japan’s financial sector back to an old tool. Market participants switched to fax after Outlook email, used to confirm trade details, stopped working.
The disruption began on Thursday and hit Microsoft 365 business apps such as Teams, SharePoint and Copilot worldwide, along with Outlook. In the US, Downdetector logged up to 130,000 Outlook reports at the peak.
How the Microsoft Outage Hit Japan’s Finance Sector
Nikkei reported that the outage disrupted Japan’s financial market. A source on a domestic asset manager’s trading desk said one broker had asked it to stop placing orders. That broker relies on Microsoft’s email system.
In addition, investment trusts delayed publishing their net asset values. The government’s shared IT system, overseen by the Digital Agency, also went down, Deputy Chief Cabinet Secretary Masanao Ozaki confirmed.
The root cause remains unclear. Microsoft says servers failed automated health checks, while a core process that sets up secure connections became overwhelmed.
Servers that came back online often failed again once traffic returned, the company adds. Its Japanese unit said it had found no facts pointing to a cyberattack.
Japan was not alone. In Australia, some workers also turned to fax machines, ABC reported. RSM Australia partner Ashwin Pal estimated the cost to local businesses in the billions of Australian dollars.
We're continuing to work on recovering our frontend servers while implementing further traffic optimization actions to improve service stability and increase capacity. A more comprehensive update can be found at MO1550821 in the Microsoft 365 admin center, as well as…
— Microsoft 365 Status (@MSFT365Status) November 13, 2026
The Microsoft outage follows a string of failures at central tech providers. In September, a separate outage took down ChatGPT, Claude and Grok. For crypto, the pattern also revives the debate about Web3’s centralization problem.
Wall Street Takes the Disruption in Stride
Japan still has a domestic fax industry. Brother, Canon and Ricoh continue to sell fax machines and printers with fax features. Even so, fax is no longer a core business for any of them.
Meanwhile, Microsoft shares closed slightly higher on Thursday despite the outage, then slipped in overnight trading. The stock was already under pressure after Microsoft overtook Nvidia in market value earlier this week.
Microsoft (MSFT) Stock Price. Source: TradingView
Still, a Microsoft outage of this scale shows how fragile financial plumbing can be. A single point of failure can freeze key systems, as a cooling failure at a CME data center showed last year.
The disruption began on Thursday and hit Microsoft 365 business apps such as Teams, SharePoint and Copilot worldwide, along with Outlook. In the US, Downdetector logged up to 130,000 Outlook reports at the peak.
How the Microsoft Outage Hit Japan’s Finance Sector
Nikkei reported that the outage disrupted Japan’s financial market. A source on a domestic asset manager’s trading desk said one broker had asked it to stop placing orders. That broker relies on Microsoft’s email system.
In addition, investment trusts delayed publishing their net asset values. The government’s shared IT system, overseen by the Digital Agency, also went down, Deputy Chief Cabinet Secretary Masanao Ozaki confirmed.
The root cause remains unclear. Microsoft says servers failed automated health checks, while a core process that sets up secure connections became overwhelmed.
Servers that came back online often failed again once traffic returned, the company adds. Its Japanese unit said it had found no facts pointing to a cyberattack.
Japan was not alone. In Australia, some workers also turned to fax machines, ABC reported. RSM Australia partner Ashwin Pal estimated the cost to local businesses in the billions of Australian dollars.
We're continuing to work on recovering our frontend servers while implementing further traffic optimization actions to improve service stability and increase capacity. A more comprehensive update can be found at MO1550821 in the Microsoft 365 admin center, as well as…
— Microsoft 365 Status (@MSFT365Status) November 13, 2026
The Microsoft outage follows a string of failures at central tech providers. In September, a separate outage took down ChatGPT, Claude and Grok. For crypto, the pattern also revives the debate about Web3’s centralization problem.
Wall Street Takes the Disruption in Stride
Japan still has a domestic fax industry. Brother, Canon and Ricoh continue to sell fax machines and printers with fax features. Even so, fax is no longer a core business for any of them.
Meanwhile, Microsoft shares closed slightly higher on Thursday despite the outage, then slipped in overnight trading. The stock was already under pressure after Microsoft overtook Nvidia in market value earlier this week.
Microsoft (MSFT) Stock Price. Source: TradingView
Still, a Microsoft outage of this scale shows how fragile financial plumbing can be. A single point of failure can freeze key systems, as a cooling failure at a CME data center showed last year.
1
24
Why Is Bitcoin Crashing? 5 Pressures That Pushed BTC Below $69,000Bitcoin price fell below $69,000 for the first time since mid-August, as five separate pressures landed in the same week. The drop has pushed Bitcoin (BTC) onto its 200-week average, the line that anchored its summer recovery.
No single trigger explains the speed of the move. Leverage did, and a weekly close below the average could expose BTC holders to a much deeper retest.
1. Fed Rate-Hike Bets Are Back on the Table
Hotter-than-expected October inflation data has flipped the rate debate firmly toward tightening.
Traders now see no chance of the Federal Reserve (Fed) holding or cutting rates in December, according to CME FedWatch data.
Fed funds futures assign an 88.7% probability to a 25 basis point hike at the December 9 meeting. That would lift the target range from 3.75%–4% to 4%–4.25%.
The remaining 11.3% points to a larger 50 basis point move, taking the range to 4.25%–4.5%.
CME FedWatch target rate probabilities for the December 9 Fed meeting, Source: CME FedWatch
Fed Governor Christopher Waller has also said he would back a 25 basis point increase at the December meeting.
Historically, Bitcoin has struggled when borrowing costs climb, since tighter money pulls capital toward safer yields.
2. Strategy Is Losing Its MSCI Index Spot
MSCI will remove Strategy, the largest corporate Bitcoin holder, from its benchmark indexes on November 30.
The exclusion does not force Strategy to sell any BTC. However, the MSCI exclusion rules could make raising fresh capital harder.
Strategy funds its BTC buying through those capital raises. Weaker access to investors could therefore slow one of the market’s most consistent sources of demand.
3. Bitcoin ETF Outflows Are Draining Demand
US spot Bitcoin exchange-traded funds (ETFs) have shed $1.44 billion over five straight sessions, according to Farside Investors data.
The streak began on November 5, when $430.2 million left the funds. Another $411.9 million followed the next day.
BlackRock’s iShares Bitcoin Trust (IBIT) drove most of the selling. The largest spot Bitcoin fund accounted for roughly $1.07 billion of the five-day outflow.
Across all funds, November 4 is the only session with net inflows since the start of the month.
Not every product is losing money, however. Morgan Stanley’s spot Bitcoin fund (MSBT), the cheapest on the table at a 0.14% fee, has drawn inflows in each of the last four sessions.
Early data for November 12 shows a further $47.7 million in outflows, with figures for IBIT and Fidelity’s FBTC still pending.
Bitcoin ETF daily flows by fund, October 26 to November 12, Source: Farside Investors
ETF flows remain the clearest gauge of institutional appetite. Redemptions concentrated in the largest fund suggest big allocators are cutting exposure rather than buying the dip.
4. Leveraged Longs Turned a Slide Into a Crash
The sell-off forced $1.65 billion in liquidations over 24 hours, according to CoinGlass data.
Roughly 89% of those positions were longs. In other words, traders betting on higher prices were forced to sell into the decline.
Each forced sale pushed the price lower, which in turn triggered the next wave of liquidations.
Crypto Liquidations. Source: Coinglass 5. A Democratic Congress Puts Crypto’s Biggest Bill at Risk
Democrats won control of both the House and Senate in the November 3 midterms, taking over in January 2027.
That puts the Digital Asset Market Clarity (CLARITY) Act, which would define how US regulators oversee crypto, in limbo. The bill already fell 49–50 in September’s Senate cloture vote.
If it stalls through year-end, it effectively starts over under Democrats. House Democrats are already discussing a stricter alternative.
Still, any bill needs 60 Senate votes and Trump’s signature. The bigger near-term cost is time, as regulatory clarity may slip into 2027 or later.
Where Can the Bitcoin Price Find Support?
BTC is now testing its 200-week simple moving average (SMA) near $67,975. The average tracks nearly four years of closes and serves as a gauge of Bitcoin’s long-term trend.
That same line caught BTC during the July sell-off and launched the August rally. A weekly close above it would keep the long-term uptrend intact.
If it gives way, the $66,000 to $67,000 zone is the next major support. That band capped every recovery attempt from June through August, and broken resistance often flips into support on a retest.
Below that, $62,300 stands as the final floor. Buyers stepped in there in late February and again before the late-August breakout.
A brief break under that level in July produced the $58,000 low.
Bitcoin Price Analysis. Source: TradingView
On the upside, $75,000 is the first hurdle if BTC bounces. The level held as support through September and October before breaking this week.
What Could Decide Bitcoin’s Next Move?
Two dates will likely set the near-term path. MSCI’s exclusion takes effect November 30, and the Federal Open Market Committee (FOMC) announces its decision on December 9.
A softer-than-expected Fed could revive a rebound toward $75,000. In contrast, a hike paired with continued ETF outflows would raise the odds of a test of $62,300.
The broader test is whether Bitcoin trades as a rate-sensitive risk asset or a long-horizon store of value. A weekly close below the 200-week average would point to the former.
Why Is Bitcoin Crashing? 5 Pressures That Pushed BTC Below $69,000
Bitcoin price fell below $69,000 for the first time since mid-August, as five separate pressures landed in the same week. The drop has pushed Bitcoin (BTC) onto its 200-week average, the line that anchored its summer recovery.
No single trigger explains the speed of the move. Leverage did, and a weekly close below the average could expose BTC holders to a much deeper retest.
1. Fed Rate-Hike Bets Are Back on the Table
Hotter-than-expected October inflation data has flipped the rate debate firmly toward tightening.
Traders now see no chance of the Federal Reserve (Fed) holding or cutting rates in December, according to CME FedWatch data.
Fed funds futures assign an 88.7% probability to a 25 basis point hike at the December 9 meeting. That would lift the target range from 3.75%–4% to 4%–4.25%.
The remaining 11.3% points to a larger 50 basis point move, taking the range to 4.25%–4.5%.
CME FedWatch target rate probabilities for the December 9 Fed meeting, Source: CME FedWatch
Fed Governor Christopher Waller has also said he would back a 25 basis point increase at the December meeting.
Historically, Bitcoin has struggled when borrowing costs climb, since tighter money pulls capital toward safer yields.
2. Strategy Is Losing Its MSCI Index Spot
MSCI will remove Strategy, the largest corporate Bitcoin holder, from its benchmark indexes on November 30.
The exclusion does not force Strategy to sell any BTC. However, the MSCI exclusion rules could make raising fresh capital harder.
Strategy funds its BTC buying through those capital raises. Weaker access to investors could therefore slow one of the market’s most consistent sources of demand.
3. Bitcoin ETF Outflows Are Draining Demand
US spot Bitcoin exchange-traded funds (ETFs) have shed $1.44 billion over five straight sessions, according to Farside Investors data.
The streak began on November 5, when $430.2 million left the funds. Another $411.9 million followed the next day.
BlackRock’s iShares Bitcoin Trust (IBIT) drove most of the selling. The largest spot Bitcoin fund accounted for roughly $1.07 billion of the five-day outflow.
Across all funds, November 4 is the only session with net inflows since the start of the month.
Not every product is losing money, however. Morgan Stanley’s spot Bitcoin fund (MSBT), the cheapest on the table at a 0.14% fee, has drawn inflows in each of the last four sessions.
Early data for November 12 shows a further $47.7 million in outflows, with figures for IBIT and Fidelity’s FBTC still pending.
Bitcoin ETF daily flows by fund, October 26 to November 12, Source: Farside Investors
ETF flows remain the clearest gauge of institutional appetite. Redemptions concentrated in the largest fund suggest big allocators are cutting exposure rather than buying the dip.
4. Leveraged Longs Turned a Slide Into a Crash
The sell-off forced $1.65 billion in liquidations over 24 hours, according to CoinGlass data.
Roughly 89% of those positions were longs. In other words, traders betting on higher prices were forced to sell into the decline.
Each forced sale pushed the price lower, which in turn triggered the next wave of liquidations.
Crypto Liquidations. Source: Coinglass 5. A Democratic Congress Puts Crypto’s Biggest Bill at Risk
Democrats won control of both the House and Senate in the November 3 midterms, taking over in January 2027.
That puts the Digital Asset Market Clarity (CLARITY) Act, which would define how US regulators oversee crypto, in limbo. The bill already fell 49–50 in September’s Senate cloture vote.
If it stalls through year-end, it effectively starts over under Democrats. House Democrats are already discussing a stricter alternative.
Still, any bill needs 60 Senate votes and Trump’s signature. The bigger near-term cost is time, as regulatory clarity may slip into 2027 or later.
Where Can the Bitcoin Price Find Support?
BTC is now testing its 200-week simple moving average (SMA) near $67,975. The average tracks nearly four years of closes and serves as a gauge of Bitcoin’s long-term trend.
That same line caught BTC during the July sell-off and launched the August rally. A weekly close above it would keep the long-term uptrend intact.
If it gives way, the $66,000 to $67,000 zone is the next major support. That band capped every recovery attempt from June through August, and broken resistance often flips into support on a retest.
Below that, $62,300 stands as the final floor. Buyers stepped in there in late February and again before the late-August breakout.
A brief break under that level in July produced the $58,000 low.
Bitcoin Price Analysis. Source: TradingView
On the upside, $75,000 is the first hurdle if BTC bounces. The level held as support through September and October before breaking this week.
What Could Decide Bitcoin’s Next Move?
Two dates will likely set the near-term path. MSCI’s exclusion takes effect November 30, and the Federal Open Market Committee (FOMC) announces its decision on December 9.
A softer-than-expected Fed could revive a rebound toward $75,000. In contrast, a hike paired with continued ETF outflows would raise the odds of a test of $62,300.
The broader test is whether Bitcoin trades as a rate-sensitive risk asset or a long-horizon store of value. A weekly close below the 200-week average would point to the former.
No single trigger explains the speed of the move. Leverage did, and a weekly close below the average could expose BTC holders to a much deeper retest.
1. Fed Rate-Hike Bets Are Back on the Table
Hotter-than-expected October inflation data has flipped the rate debate firmly toward tightening.
Traders now see no chance of the Federal Reserve (Fed) holding or cutting rates in December, according to CME FedWatch data.
Fed funds futures assign an 88.7% probability to a 25 basis point hike at the December 9 meeting. That would lift the target range from 3.75%–4% to 4%–4.25%.
The remaining 11.3% points to a larger 50 basis point move, taking the range to 4.25%–4.5%.
CME FedWatch target rate probabilities for the December 9 Fed meeting, Source: CME FedWatch
Fed Governor Christopher Waller has also said he would back a 25 basis point increase at the December meeting.
Historically, Bitcoin has struggled when borrowing costs climb, since tighter money pulls capital toward safer yields.
2. Strategy Is Losing Its MSCI Index Spot
MSCI will remove Strategy, the largest corporate Bitcoin holder, from its benchmark indexes on November 30.
The exclusion does not force Strategy to sell any BTC. However, the MSCI exclusion rules could make raising fresh capital harder.
Strategy funds its BTC buying through those capital raises. Weaker access to investors could therefore slow one of the market’s most consistent sources of demand.
3. Bitcoin ETF Outflows Are Draining Demand
US spot Bitcoin exchange-traded funds (ETFs) have shed $1.44 billion over five straight sessions, according to Farside Investors data.
The streak began on November 5, when $430.2 million left the funds. Another $411.9 million followed the next day.
BlackRock’s iShares Bitcoin Trust (IBIT) drove most of the selling. The largest spot Bitcoin fund accounted for roughly $1.07 billion of the five-day outflow.
Across all funds, November 4 is the only session with net inflows since the start of the month.
Not every product is losing money, however. Morgan Stanley’s spot Bitcoin fund (MSBT), the cheapest on the table at a 0.14% fee, has drawn inflows in each of the last four sessions.
Early data for November 12 shows a further $47.7 million in outflows, with figures for IBIT and Fidelity’s FBTC still pending.
Bitcoin ETF daily flows by fund, October 26 to November 12, Source: Farside Investors
ETF flows remain the clearest gauge of institutional appetite. Redemptions concentrated in the largest fund suggest big allocators are cutting exposure rather than buying the dip.
4. Leveraged Longs Turned a Slide Into a Crash
The sell-off forced $1.65 billion in liquidations over 24 hours, according to CoinGlass data.
Roughly 89% of those positions were longs. In other words, traders betting on higher prices were forced to sell into the decline.
Each forced sale pushed the price lower, which in turn triggered the next wave of liquidations.
Crypto Liquidations. Source: Coinglass 5. A Democratic Congress Puts Crypto’s Biggest Bill at Risk
Democrats won control of both the House and Senate in the November 3 midterms, taking over in January 2027.
That puts the Digital Asset Market Clarity (CLARITY) Act, which would define how US regulators oversee crypto, in limbo. The bill already fell 49–50 in September’s Senate cloture vote.
If it stalls through year-end, it effectively starts over under Democrats. House Democrats are already discussing a stricter alternative.
Still, any bill needs 60 Senate votes and Trump’s signature. The bigger near-term cost is time, as regulatory clarity may slip into 2027 or later.
Where Can the Bitcoin Price Find Support?
BTC is now testing its 200-week simple moving average (SMA) near $67,975. The average tracks nearly four years of closes and serves as a gauge of Bitcoin’s long-term trend.
That same line caught BTC during the July sell-off and launched the August rally. A weekly close above it would keep the long-term uptrend intact.
If it gives way, the $66,000 to $67,000 zone is the next major support. That band capped every recovery attempt from June through August, and broken resistance often flips into support on a retest.
Below that, $62,300 stands as the final floor. Buyers stepped in there in late February and again before the late-August breakout.
A brief break under that level in July produced the $58,000 low.
Bitcoin Price Analysis. Source: TradingView
On the upside, $75,000 is the first hurdle if BTC bounces. The level held as support through September and October before breaking this week.
What Could Decide Bitcoin’s Next Move?
Two dates will likely set the near-term path. MSCI’s exclusion takes effect November 30, and the Federal Open Market Committee (FOMC) announces its decision on December 9.
A softer-than-expected Fed could revive a rebound toward $75,000. In contrast, a hike paired with continued ETF outflows would raise the odds of a test of $62,300.
The broader test is whether Bitcoin trades as a rate-sensitive risk asset or a long-horizon store of value. A weekly close below the 200-week average would point to the former.
BTC-5.76%
MSCIUS+1.01%
95
Grok Bot Did a Week of Painful Work in 5 Minutes for Elon Musk’s MotherElon Musk’s mother, Maye Musk, says the Grok Bot AI agent moved 2,000 of her Dropbox photos into folders in five minutes. She had set aside a whole week for the job.
Her son shared the post and urged users to hand the agent their most laborious tasks. Dropbox also replied to the story.
How Maye Musk Saved a Week of Photo Sorting
The model and author asked Grok Bot for the best way to move 2,000 photos in Dropbox from Camera Uploads into Folders. Instead of listing steps, the agent offered to do what she called a painful task itself.
After that, she checked her Folders and found the photos there. She joked that she can now spend her time scrolling on X.
I asked @bot the best way to move 2000 photos in @Dropbox from Camera Uploads to Folders. She said, “would you like me to do it for you?” I was surprised as I had booked out the week to start sorting through them, a painful task. She did it in five minutes. I went to my Folders…
— Maye Musk (@mayemusk) November 12, 2026
Dropbox answered with a short reply: “Five minutes well spent.” Meanwhile, Elon Musk quoted the post with a pitch of his own.
Give Grok @Bot your most laborious tasks! https://t.co/4TCwwBCe5j
— Elon Musk (@elonmusk) November 13, 2026
Maye Musk has spoken publicly about her son before, saying he ignored her advice to focus on one company after PayPal.
How Grok Bot Handles Everyday Tasks
SpaceXAI, the company formerly known as xAI, launched Grok Bot in beta in August together with Cursor. The agent runs on its own cloud computer, opens a browser and signs in to a user’s tools. As a result, it can finish a task rather than only explain it.
On Mac, Grok Bot can now also use Messages, Mail, Notes, Reminders, Calendar, Location and Contacts, the team says.
The tool is part of SpaceX’s AI business. SpaceX stock has climbed over the past week but still trades below its level from the June debut.
SpaceX (SPCX) Stock Price. Source: TradingView
Earlier, three SpaceXAI staff tested the agent by trying to build a startup in 72 hours on livestream. Early testers also compared Grok Bot with OpenAI’s rival agent Dots.
However, giving an agent account access carries risks. Musk has promised to make users whole if Grok Bot loses their money, while major US banks have already detected unauthorized AI agents inside customer accounts.
For Maye Musk, the trade-off paid off. Grok Bot gave her back a week.
Grok Bot Did a Week of Painful Work in 5 Minutes for Elon Musk’s Mother
Elon Musk’s mother, Maye Musk, says the Grok Bot AI agent moved 2,000 of her Dropbox photos into folders in five minutes. She had set aside a whole week for the job.
Her son shared the post and urged users to hand the agent their most laborious tasks. Dropbox also replied to the story.
How Maye Musk Saved a Week of Photo Sorting
The model and author asked Grok Bot for the best way to move 2,000 photos in Dropbox from Camera Uploads into Folders. Instead of listing steps, the agent offered to do what she called a painful task itself.
After that, she checked her Folders and found the photos there. She joked that she can now spend her time scrolling on X.
I asked @bot the best way to move 2000 photos in @Dropbox from Camera Uploads to Folders. She said, “would you like me to do it for you?” I was surprised as I had booked out the week to start sorting through them, a painful task. She did it in five minutes. I went to my Folders…
— Maye Musk (@mayemusk) November 12, 2026
Dropbox answered with a short reply: “Five minutes well spent.” Meanwhile, Elon Musk quoted the post with a pitch of his own.
Give Grok @Bot your most laborious tasks! https://t.co/4TCwwBCe5j
— Elon Musk (@elonmusk) November 13, 2026
Maye Musk has spoken publicly about her son before, saying he ignored her advice to focus on one company after PayPal.
How Grok Bot Handles Everyday Tasks
SpaceXAI, the company formerly known as xAI, launched Grok Bot in beta in August together with Cursor. The agent runs on its own cloud computer, opens a browser and signs in to a user’s tools. As a result, it can finish a task rather than only explain it.
On Mac, Grok Bot can now also use Messages, Mail, Notes, Reminders, Calendar, Location and Contacts, the team says.
The tool is part of SpaceX’s AI business. SpaceX stock has climbed over the past week but still trades below its level from the June debut.
SpaceX (SPCX) Stock Price. Source: TradingView
Earlier, three SpaceXAI staff tested the agent by trying to build a startup in 72 hours on livestream. Early testers also compared Grok Bot with OpenAI’s rival agent Dots.
However, giving an agent account access carries risks. Musk has promised to make users whole if Grok Bot loses their money, while major US banks have already detected unauthorized AI agents inside customer accounts.
For Maye Musk, the trade-off paid off. Grok Bot gave her back a week.
Her son shared the post and urged users to hand the agent their most laborious tasks. Dropbox also replied to the story.
How Maye Musk Saved a Week of Photo Sorting
The model and author asked Grok Bot for the best way to move 2,000 photos in Dropbox from Camera Uploads into Folders. Instead of listing steps, the agent offered to do what she called a painful task itself.
After that, she checked her Folders and found the photos there. She joked that she can now spend her time scrolling on X.
I asked @bot the best way to move 2000 photos in @Dropbox from Camera Uploads to Folders. She said, “would you like me to do it for you?” I was surprised as I had booked out the week to start sorting through them, a painful task. She did it in five minutes. I went to my Folders…
— Maye Musk (@mayemusk) November 12, 2026
Dropbox answered with a short reply: “Five minutes well spent.” Meanwhile, Elon Musk quoted the post with a pitch of his own.
Give Grok @Bot your most laborious tasks! https://t.co/4TCwwBCe5j
— Elon Musk (@elonmusk) November 13, 2026
Maye Musk has spoken publicly about her son before, saying he ignored her advice to focus on one company after PayPal.
How Grok Bot Handles Everyday Tasks
SpaceXAI, the company formerly known as xAI, launched Grok Bot in beta in August together with Cursor. The agent runs on its own cloud computer, opens a browser and signs in to a user’s tools. As a result, it can finish a task rather than only explain it.
On Mac, Grok Bot can now also use Messages, Mail, Notes, Reminders, Calendar, Location and Contacts, the team says.
The tool is part of SpaceX’s AI business. SpaceX stock has climbed over the past week but still trades below its level from the June debut.
SpaceX (SPCX) Stock Price. Source: TradingView
Earlier, three SpaceXAI staff tested the agent by trying to build a startup in 72 hours on livestream. Early testers also compared Grok Bot with OpenAI’s rival agent Dots.
However, giving an agent account access carries risks. Musk has promised to make users whole if Grok Bot loses their money, while major US banks have already detected unauthorized AI agents inside customer accounts.
For Maye Musk, the trade-off paid off. Grok Bot gave her back a week.
45
Major Crypto ETFs Bled $1.5 Billion While Wall Street Went Dip ShoppingUS spot crypto ETFs lost $1.48 billion between November 4 and 10. Over the same five trading days, 10 major US stock ETFs drew $37.5 billion.
After the S&P 500’s worst day since April 2025 on November 5, stock fund buyers returned. Crypto fund holders kept redeeming, which took a steady source of demand away from crypto prices.
Stock Buyers Went Shopping After the Crash
Vanguard’s S&P 500 ETF (VOO) led the buying with $16.9 billion in five days. Invesco’s Nasdaq 100 fund (QQQ) followed with $5.3 billion.
US equity fund flows over five trading days ended November 10. Source: X/The Kobeissi Letter
Follow us on X to get the latest news as it happens
Leveraged funds drew money as well. The triple-leveraged semiconductor fund SOXL took in $2.1 billion. That buying came after a US tech selloff erased roughly $3 trillion in value on November 5.
Crypto ETFs moved the other way over the same five days.
Crypto ETF Outflows Continued Through the Rebound
Spot ETFs tracking six major crypto assets all posted net outflows over the window, according to SoSoValue data.
Bitcoin (BTC) funds shed $1.06 billion, while Ethereum (ETH) funds lost $326 million. Solana (SOL), XRP (XRP), Hyperliquid (HYPE), and Zcash (ZEC) funds lost a combined $89.4 million.
Major crypto ETFs net outflows by asset from November 4 to 10. Source: SoSoValue/BeInCrypto
Bitcoin and Ethereum ETFs saw inflows on just one day, November 4, during the post-midterm rally. BlackRock-led Bitcoin ETF outflows then stretched to a fifth straight day on November 11.
Solana ETFs have not recorded an inflow day since October 21.
For 2026, Bitcoin and Ethereum ETFs are down a combined $2.25 billion through November 11. In contrast, the four altcoin ETF groups remain $1.75 billion positive, although two launched only this year.
These outflows lined up with steep price declines across the same assets over the past week.
How Far Did Crypto Prices Fall This Week?
The Bitcoin price stood at $68,439, down 9.93% over seven days, BeInCrypto Markets data shows.
Ethereum dropped 14.26% to $1,924.99. XRP fell 15.77% to $1.02, while Solana lost 12.08% to $78.99.
Zcash posted the steepest weekly drop among the six, sliding 28.56% to $933.94. Over the past 24 hours, the total crypto market cap dropped 8.67% to $2.30 trillion.
What Would Bring Crypto Fund Buyers Back?
Bitcoin has already lost its 200-day moving average. BeInCrypto analysis flags $67,000 as the next support level.
Meanwhile, traders now fully price in a December Federal Reserve rate hike after hotter October inflation data.
A return to daily ETF inflows would be the clearest sign that crypto funds are drawing buyers again. If Bitcoin loses $67,000, however, the outflow streak could extend.
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Major Crypto ETFs Bled $1.5 Billion While Wall Street Went Dip Shopping
US spot crypto ETFs lost $1.48 billion between November 4 and 10. Over the same five trading days, 10 major US stock ETFs drew $37.5 billion.
After the S&P 500’s worst day since April 2025 on November 5, stock fund buyers returned. Crypto fund holders kept redeeming, which took a steady source of demand away from crypto prices.
Stock Buyers Went Shopping After the Crash
Vanguard’s S&P 500 ETF (VOO) led the buying with $16.9 billion in five days. Invesco’s Nasdaq 100 fund (QQQ) followed with $5.3 billion.
US equity fund flows over five trading days ended November 10. Source: X/The Kobeissi Letter
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Leveraged funds drew money as well. The triple-leveraged semiconductor fund SOXL took in $2.1 billion. That buying came after a US tech selloff erased roughly $3 trillion in value on November 5.
Crypto ETFs moved the other way over the same five days.
Crypto ETF Outflows Continued Through the Rebound
Spot ETFs tracking six major crypto assets all posted net outflows over the window, according to SoSoValue data.
Bitcoin (BTC) funds shed $1.06 billion, while Ethereum (ETH) funds lost $326 million. Solana (SOL), XRP (XRP), Hyperliquid (HYPE), and Zcash (ZEC) funds lost a combined $89.4 million.
Major crypto ETFs net outflows by asset from November 4 to 10. Source: SoSoValue/BeInCrypto
Bitcoin and Ethereum ETFs saw inflows on just one day, November 4, during the post-midterm rally. BlackRock-led Bitcoin ETF outflows then stretched to a fifth straight day on November 11.
Solana ETFs have not recorded an inflow day since October 21.
For 2026, Bitcoin and Ethereum ETFs are down a combined $2.25 billion through November 11. In contrast, the four altcoin ETF groups remain $1.75 billion positive, although two launched only this year.
These outflows lined up with steep price declines across the same assets over the past week.
How Far Did Crypto Prices Fall This Week?
The Bitcoin price stood at $68,439, down 9.93% over seven days, BeInCrypto Markets data shows.
Ethereum dropped 14.26% to $1,924.99. XRP fell 15.77% to $1.02, while Solana lost 12.08% to $78.99.
Zcash posted the steepest weekly drop among the six, sliding 28.56% to $933.94. Over the past 24 hours, the total crypto market cap dropped 8.67% to $2.30 trillion.
What Would Bring Crypto Fund Buyers Back?
Bitcoin has already lost its 200-day moving average. BeInCrypto analysis flags $67,000 as the next support level.
Meanwhile, traders now fully price in a December Federal Reserve rate hike after hotter October inflation data.
A return to daily ETF inflows would be the clearest sign that crypto funds are drawing buyers again. If Bitcoin loses $67,000, however, the outflow streak could extend.
Subscribe to our YouTube channel to watch leaders and journalists provide expert insights
After the S&P 500’s worst day since April 2025 on November 5, stock fund buyers returned. Crypto fund holders kept redeeming, which took a steady source of demand away from crypto prices.
Stock Buyers Went Shopping After the Crash
Vanguard’s S&P 500 ETF (VOO) led the buying with $16.9 billion in five days. Invesco’s Nasdaq 100 fund (QQQ) followed with $5.3 billion.
US equity fund flows over five trading days ended November 10. Source: X/The Kobeissi Letter
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Leveraged funds drew money as well. The triple-leveraged semiconductor fund SOXL took in $2.1 billion. That buying came after a US tech selloff erased roughly $3 trillion in value on November 5.
Crypto ETFs moved the other way over the same five days.
Crypto ETF Outflows Continued Through the Rebound
Spot ETFs tracking six major crypto assets all posted net outflows over the window, according to SoSoValue data.
Bitcoin (BTC) funds shed $1.06 billion, while Ethereum (ETH) funds lost $326 million. Solana (SOL), XRP (XRP), Hyperliquid (HYPE), and Zcash (ZEC) funds lost a combined $89.4 million.
Major crypto ETFs net outflows by asset from November 4 to 10. Source: SoSoValue/BeInCrypto
Bitcoin and Ethereum ETFs saw inflows on just one day, November 4, during the post-midterm rally. BlackRock-led Bitcoin ETF outflows then stretched to a fifth straight day on November 11.
Solana ETFs have not recorded an inflow day since October 21.
For 2026, Bitcoin and Ethereum ETFs are down a combined $2.25 billion through November 11. In contrast, the four altcoin ETF groups remain $1.75 billion positive, although two launched only this year.
These outflows lined up with steep price declines across the same assets over the past week.
How Far Did Crypto Prices Fall This Week?
The Bitcoin price stood at $68,439, down 9.93% over seven days, BeInCrypto Markets data shows.
Ethereum dropped 14.26% to $1,924.99. XRP fell 15.77% to $1.02, while Solana lost 12.08% to $78.99.
Zcash posted the steepest weekly drop among the six, sliding 28.56% to $933.94. Over the past 24 hours, the total crypto market cap dropped 8.67% to $2.30 trillion.
What Would Bring Crypto Fund Buyers Back?
Bitcoin has already lost its 200-day moving average. BeInCrypto analysis flags $67,000 as the next support level.
Meanwhile, traders now fully price in a December Federal Reserve rate hike after hotter October inflation data.
A return to daily ETF inflows would be the clearest sign that crypto funds are drawing buyers again. If Bitcoin loses $67,000, however, the outflow streak could extend.
Subscribe to our YouTube channel to watch leaders and journalists provide expert insights
59
Who Will Police Your Crypto at the SEC? Trump Just Picked Hester Peirce’s ReplacementPresident Donald Trump has nominated Steven Levine to replace Hester Peirce at the US Securities and Exchange Commission (SEC). The Republican lawyer would serve a term ending June 5, 2030.
Peirce, widely known as “Crypto Mom,” led the SEC’s Crypto Task Force before leaving the agency on October 2. Levine has said little publicly about crypto regulation.
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JUST IN: The White House nominations list is out. It names Nathan Anonick and Matthew Rowland for the CFTC, and Kristin N. Johnson and Steven Levine for the SEC. Levine would take Hester Peirce's seat. pic.twitter.com/8fc1KmWGFR
— BeInCrypto (@beincrypto) November 13, 2026
Steven Levine’s Road Runs Through Uyeda’s Office
Without public statements to go on, the SEC nominee’s career is the clearest record of his work.
Associate in the asset management group at law firm K&L Gates.
Joined the SEC in 2020 as senior counsel in the Division of Investment Management.
Counsel to Commissioner Mark Uyeda, then deputy chief of staff when Uyeda became acting chair in 2025.
General counsel at the White House Council of Economic Advisers from February 2025.
Senior counselor to the Labor Secretary since November 2026, according to his LinkedIn.
His crypto work appears in SEC meeting records. In December 2023, Levine met Grayscale and Invesco-Galaxy about their spot Bitcoin (BTC) exchange-traded product (ETP) applications.
Two months later, he joined Uyeda in a meeting with crypto investor Paradigm on SEC custody and exchange rule proposals.
These meetings show Levine handled crypto files. The memos record the topics discussed, without his positions.
A Familiar CFTC Voice Heads to the SEC
Meanwhile, Levine is among 4 SEC and Commodity Futures Trading Commission (CFTC) nominees sent to the Senate November 12. The list also names Democrat Kristin Johnson for the SEC seat formerly held by Caroline Crenshaw.
President Joe Biden nominated Johnson to the CFTC, where she served from 2022 until September 2025.
In her farewell speech, she warned that prediction markets lacked guardrails and that regulators had limited visibility into them.
She also voiced serious concern about interference in the work of independent agencies. At the same event, she said the CFTC likely needed both Democratic and Republican commissioners.
Next, all 4 nominations go to Senate committees, with the Banking Committee reviewing Levine and Johnson. Nominations still pending when the current Congress ends on January 3 are returned to the president.
Subscribe to our YouTube channel to watch leaders and journalists provide expert insights
Who Will Police Your Crypto at the SEC? Trump Just Picked Hester Peirce’s Replacement
President Donald Trump has nominated Steven Levine to replace Hester Peirce at the US Securities and Exchange Commission (SEC). The Republican lawyer would serve a term ending June 5, 2030.
Peirce, widely known as “Crypto Mom,” led the SEC’s Crypto Task Force before leaving the agency on October 2. Levine has said little publicly about crypto regulation.
Follow us on X to get the latest news as it happens
JUST IN: The White House nominations list is out. It names Nathan Anonick and Matthew Rowland for the CFTC, and Kristin N. Johnson and Steven Levine for the SEC. Levine would take Hester Peirce's seat. pic.twitter.com/8fc1KmWGFR
— BeInCrypto (@beincrypto) November 13, 2026
Steven Levine’s Road Runs Through Uyeda’s Office
Without public statements to go on, the SEC nominee’s career is the clearest record of his work.
Associate in the asset management group at law firm K&L Gates.
Joined the SEC in 2020 as senior counsel in the Division of Investment Management.
Counsel to Commissioner Mark Uyeda, then deputy chief of staff when Uyeda became acting chair in 2025.
General counsel at the White House Council of Economic Advisers from February 2025.
Senior counselor to the Labor Secretary since November 2026, according to his LinkedIn.
His crypto work appears in SEC meeting records. In December 2023, Levine met Grayscale and Invesco-Galaxy about their spot Bitcoin (BTC) exchange-traded product (ETP) applications.
Two months later, he joined Uyeda in a meeting with crypto investor Paradigm on SEC custody and exchange rule proposals.
These meetings show Levine handled crypto files. The memos record the topics discussed, without his positions.
A Familiar CFTC Voice Heads to the SEC
Meanwhile, Levine is among 4 SEC and Commodity Futures Trading Commission (CFTC) nominees sent to the Senate November 12. The list also names Democrat Kristin Johnson for the SEC seat formerly held by Caroline Crenshaw.
President Joe Biden nominated Johnson to the CFTC, where she served from 2022 until September 2025.
In her farewell speech, she warned that prediction markets lacked guardrails and that regulators had limited visibility into them.
She also voiced serious concern about interference in the work of independent agencies. At the same event, she said the CFTC likely needed both Democratic and Republican commissioners.
Next, all 4 nominations go to Senate committees, with the Banking Committee reviewing Levine and Johnson. Nominations still pending when the current Congress ends on January 3 are returned to the president.
Subscribe to our YouTube channel to watch leaders and journalists provide expert insights
Peirce, widely known as “Crypto Mom,” led the SEC’s Crypto Task Force before leaving the agency on October 2. Levine has said little publicly about crypto regulation.
Follow us on X to get the latest news as it happens
JUST IN: The White House nominations list is out. It names Nathan Anonick and Matthew Rowland for the CFTC, and Kristin N. Johnson and Steven Levine for the SEC. Levine would take Hester Peirce's seat. pic.twitter.com/8fc1KmWGFR
— BeInCrypto (@beincrypto) November 13, 2026
Steven Levine’s Road Runs Through Uyeda’s Office
Without public statements to go on, the SEC nominee’s career is the clearest record of his work.
Associate in the asset management group at law firm K&L Gates.
Joined the SEC in 2020 as senior counsel in the Division of Investment Management.
Counsel to Commissioner Mark Uyeda, then deputy chief of staff when Uyeda became acting chair in 2025.
General counsel at the White House Council of Economic Advisers from February 2025.
Senior counselor to the Labor Secretary since November 2026, according to his LinkedIn.
His crypto work appears in SEC meeting records. In December 2023, Levine met Grayscale and Invesco-Galaxy about their spot Bitcoin (BTC) exchange-traded product (ETP) applications.
Two months later, he joined Uyeda in a meeting with crypto investor Paradigm on SEC custody and exchange rule proposals.
These meetings show Levine handled crypto files. The memos record the topics discussed, without his positions.
A Familiar CFTC Voice Heads to the SEC
Meanwhile, Levine is among 4 SEC and Commodity Futures Trading Commission (CFTC) nominees sent to the Senate November 12. The list also names Democrat Kristin Johnson for the SEC seat formerly held by Caroline Crenshaw.
President Joe Biden nominated Johnson to the CFTC, where she served from 2022 until September 2025.
In her farewell speech, she warned that prediction markets lacked guardrails and that regulators had limited visibility into them.
She also voiced serious concern about interference in the work of independent agencies. At the same event, she said the CFTC likely needed both Democratic and Republican commissioners.
Next, all 4 nominations go to Senate committees, with the Banking Committee reviewing Levine and Johnson. Nominations still pending when the current Congress ends on January 3 are returned to the president.
Subscribe to our YouTube channel to watch leaders and journalists provide expert insights
142
US Moves to Seize $1.2 Billion From Binance Hack. Where Is the Rest?The US Justice Department has court approval to seize or restrain more than $1.2 billion stolen from Binance. The money comes from the October 29 hack the FBI pinned on North Korea’s state hacking unit.
That covers less than a fifth of the haul. On-chain data shows billions more still within the Binance hacker’s reach.
A $1.2 Billion Slice of a $2.7 Billion Freeze
The Justice Department announced the action on November 12 in a release. The FBI attributed the Binance hack to a North Korean unit it calls “TraderTraitor.”
Government and private-sector efforts have frozen more than $2.7 billion so far. The $1.2 billion court order targets part of that frozen pool.
Assistant Attorney General Tysen Duva credited the DOJ’s Criminal Division with the early freezes.
“As the Department’s liaison to the digital asset industry, the Criminal Division quickly and efficiently used its expertise to immediately halt about half of this historic breach,” Duva said.
Binance customers, meanwhile, are already covered. The exchange said it replaced every token lost in the hack from its own treasury and insurance funds. Any funds the US eventually forfeits would therefore not change what users hold.
Binance has completed coverage of assets impacted in the security incident and we have published a new Proof of Reserves snapshot. Once the zero-knowledge proof is generated, users can independently verify that their assets are backed at a minimum of 1:1 -…
— Binance (@binance) November 12, 2026
Follow us on X to get the latest news as it happens
The DOJ said its recovery work continues because the hackers keep routing funds through bridges, mixers, and exchanges.
Where the Rest of the $6.34 Billion Sits
On-chain data shows how far that laundering has gone so far. Onchain Lens put the total haul at about $6.34 billion in an update earlier this week, citing Arkham Intelligence data.
Roughly $2.85 billion remains accessible to the hackers. The remaining $891 million may have already been moved or laundered, the firm said.
Over the past few days, the hackers also moved funds through cross-chain protocols THORChain and Chainflip.
LET'S NOT FORGET THE BINANCE HACKERBINANCE HACKER HAS LAUNDERED NEARLY $900MOf the estimated $6.34B hack:• $891.37M potentially moved or laundered• $2.85B remains accessible• $2.60B frozenTotal remaining holdings: $5.45B.Over the past 2–3 days, the hacker has been… pic.twitter.com/R9Cnc7U4wY
— Onchain Lens (@OnchainLens) November 10, 2026
Meanwhile, blockchain analytics firm Elliptic tracked about 1,650 Bitcoin (BTC) in new addresses by November 6. The coins came from other stolen assets, and some funds later reached the Tornado Cash mixer.
Earlier, the FBI, Secret Service, and IRS-CI urged crypto service providers to block addresses tied to the laundering. Onchain Lens questioned whether the hackers could move another $1 billion before THORChain and Chainflip restrict the linked wallets.
Subscribe to our YouTube channel to watch leaders and journalists provide expert insights
US Moves to Seize $1.2 Billion From Binance Hack. Where Is the Rest?
The US Justice Department has court approval to seize or restrain more than $1.2 billion stolen from Binance. The money comes from the October 29 hack the FBI pinned on North Korea’s state hacking unit.
That covers less than a fifth of the haul. On-chain data shows billions more still within the Binance hacker’s reach.
A $1.2 Billion Slice of a $2.7 Billion Freeze
The Justice Department announced the action on November 12 in a release. The FBI attributed the Binance hack to a North Korean unit it calls “TraderTraitor.”
Government and private-sector efforts have frozen more than $2.7 billion so far. The $1.2 billion court order targets part of that frozen pool.
Assistant Attorney General Tysen Duva credited the DOJ’s Criminal Division with the early freezes.
“As the Department’s liaison to the digital asset industry, the Criminal Division quickly and efficiently used its expertise to immediately halt about half of this historic breach,” Duva said.
Binance customers, meanwhile, are already covered. The exchange said it replaced every token lost in the hack from its own treasury and insurance funds. Any funds the US eventually forfeits would therefore not change what users hold.
Binance has completed coverage of assets impacted in the security incident and we have published a new Proof of Reserves snapshot. Once the zero-knowledge proof is generated, users can independently verify that their assets are backed at a minimum of 1:1 -…
— Binance (@binance) November 12, 2026
Follow us on X to get the latest news as it happens
The DOJ said its recovery work continues because the hackers keep routing funds through bridges, mixers, and exchanges.
Where the Rest of the $6.34 Billion Sits
On-chain data shows how far that laundering has gone so far. Onchain Lens put the total haul at about $6.34 billion in an update earlier this week, citing Arkham Intelligence data.
Roughly $2.85 billion remains accessible to the hackers. The remaining $891 million may have already been moved or laundered, the firm said.
Over the past few days, the hackers also moved funds through cross-chain protocols THORChain and Chainflip.
LET'S NOT FORGET THE BINANCE HACKERBINANCE HACKER HAS LAUNDERED NEARLY $900MOf the estimated $6.34B hack:• $891.37M potentially moved or laundered• $2.85B remains accessible• $2.60B frozenTotal remaining holdings: $5.45B.Over the past 2–3 days, the hacker has been… pic.twitter.com/R9Cnc7U4wY
— Onchain Lens (@OnchainLens) November 10, 2026
Meanwhile, blockchain analytics firm Elliptic tracked about 1,650 Bitcoin (BTC) in new addresses by November 6. The coins came from other stolen assets, and some funds later reached the Tornado Cash mixer.
Earlier, the FBI, Secret Service, and IRS-CI urged crypto service providers to block addresses tied to the laundering. Onchain Lens questioned whether the hackers could move another $1 billion before THORChain and Chainflip restrict the linked wallets.
Subscribe to our YouTube channel to watch leaders and journalists provide expert insights
That covers less than a fifth of the haul. On-chain data shows billions more still within the Binance hacker’s reach.
A $1.2 Billion Slice of a $2.7 Billion Freeze
The Justice Department announced the action on November 12 in a release. The FBI attributed the Binance hack to a North Korean unit it calls “TraderTraitor.”
Government and private-sector efforts have frozen more than $2.7 billion so far. The $1.2 billion court order targets part of that frozen pool.
Assistant Attorney General Tysen Duva credited the DOJ’s Criminal Division with the early freezes.
“As the Department’s liaison to the digital asset industry, the Criminal Division quickly and efficiently used its expertise to immediately halt about half of this historic breach,” Duva said.
Binance customers, meanwhile, are already covered. The exchange said it replaced every token lost in the hack from its own treasury and insurance funds. Any funds the US eventually forfeits would therefore not change what users hold.
Binance has completed coverage of assets impacted in the security incident and we have published a new Proof of Reserves snapshot. Once the zero-knowledge proof is generated, users can independently verify that their assets are backed at a minimum of 1:1 -…
— Binance (@binance) November 12, 2026
Follow us on X to get the latest news as it happens
The DOJ said its recovery work continues because the hackers keep routing funds through bridges, mixers, and exchanges.
Where the Rest of the $6.34 Billion Sits
On-chain data shows how far that laundering has gone so far. Onchain Lens put the total haul at about $6.34 billion in an update earlier this week, citing Arkham Intelligence data.
Roughly $2.85 billion remains accessible to the hackers. The remaining $891 million may have already been moved or laundered, the firm said.
Over the past few days, the hackers also moved funds through cross-chain protocols THORChain and Chainflip.
LET'S NOT FORGET THE BINANCE HACKERBINANCE HACKER HAS LAUNDERED NEARLY $900MOf the estimated $6.34B hack:• $891.37M potentially moved or laundered• $2.85B remains accessible• $2.60B frozenTotal remaining holdings: $5.45B.Over the past 2–3 days, the hacker has been… pic.twitter.com/R9Cnc7U4wY
— Onchain Lens (@OnchainLens) November 10, 2026
Meanwhile, blockchain analytics firm Elliptic tracked about 1,650 Bitcoin (BTC) in new addresses by November 6. The coins came from other stolen assets, and some funds later reached the Tornado Cash mixer.
Earlier, the FBI, Secret Service, and IRS-CI urged crypto service providers to block addresses tied to the laundering. Onchain Lens questioned whether the hackers could move another $1 billion before THORChain and Chainflip restrict the linked wallets.
Subscribe to our YouTube channel to watch leaders and journalists provide expert insights
1.1k
Nearly $600 Million in Crypto Longs Liquidated as Bitcoin and Ethereum Fall to August LowsCrypto traders betting on higher prices lost $599 million over the past 24 hours. The wipeout came as Bitcoin (BTC) and Ethereum (ETH) slid to their lowest levels in nearly three months.
Longs made up 88% of $680.81 million in total crypto liquidations, Coinglass data shows. Friday’s US producer price data could now decide whether bets on a half-point Fed rate hike grow.
Follow us on X to get the latest news as it happens
Bitcoin Longs Absorb Nearly Half the Damage
Bitcoin positions accounted for $325.28 million of the total, with longs making up 95.3%. Ethereum followed at $106.07 million, where 89.7% came from long bets.
In all, 112,947 traders were liquidated. The largest single order was a $31.09 million Bitcoin long on Hyperliquid, closed at $72,250.
Crypto Liquidations on November 13. Source: Coinglass
Leverage on stock-linked contracts unwound too. Nvidia-tracking perpetuals saw about $39.67 million in liquidations following Jensen Huang’s exit from Nvidia.
Those forced sales hit as both majors slid to their lowest levels since August.
Bitcoin and Ethereum Slide to 3-Month Lows
The Bitcoin price traded at $70,834, per BeInCrypto Markets data. This marked the cryptocurrency’s lowest level since August 20. It fell 3.79% over 24 hours and 6.53% over the past week.
Bitcoin (BTC) Price Falls Below $71,000. Source: BeInCrypto Markets
Ethereum dropped 2.10% over 24 hours to $2,007.04. Its loss over the past week reached 10.11%, taking it to its lowest level since mid-August. The total crypto market cap was down 5.09% over 24 hours to $2.42 trillion.
Bitcoin lost its 200-day moving average of $73,137 on Thursday, BeInCrypto’s analysis of the breakdown showed. If it fails to reclaim that average, the next supports sit at $68,000 and $67,000.
For now, Bitcoin holds just above $70,000. Inflation data due later on Friday could decide which of those levels comes into play.
Will Friday’s PPI Raise the Odds of a Bigger Fed Hike?
October’s Consumer Price Index rose 0.4% on the month, above the 0.23% forecast. Traders now fully price in a December Federal Reserve (Fed) rate hike.
CME FedWatch put the odds of a quarter-point hike at 85.5% on Friday. The chance of a half-point move stood at 14.5%, up from 0% a week ago.
The Bureau of Labor Statistics releases October’s Producer Price Index (PPI) on Friday at 8:30 a.m. ET. Economists expect a 0.4% monthly rise, down from 1.3% in September, per a Dow Jones survey.
A hotter reading would strengthen the case for a half-point hike. In October, Bitcoin slipped below $80,000 the day after a PPI report beat forecasts.
A softer print could ease those bets before the Fed meets on December 8 and 9.
Subscribe to our YouTube channel to watch leaders and journalists provide expert insights
BREAKING: Bitcoin falls below $71,000 for the first time since August 20th and selling pressure in crypto gains momentum.Bitcoin is now down more than -19% since October 2nd. pic.twitter.com/0sggb7RY63
Nearly $600 Million in Crypto Longs Liquidated as Bitcoin and Ethereum Fall to August Lows
Crypto traders betting on higher prices lost $599 million over the past 24 hours. The wipeout came as Bitcoin (BTC) and Ethereum (ETH) slid to their lowest levels in nearly three months.
Longs made up 88% of $680.81 million in total crypto liquidations, Coinglass data shows. Friday’s US producer price data could now decide whether bets on a half-point Fed rate hike grow.
Follow us on X to get the latest news as it happens
Bitcoin Longs Absorb Nearly Half the Damage
Bitcoin positions accounted for $325.28 million of the total, with longs making up 95.3%. Ethereum followed at $106.07 million, where 89.7% came from long bets.
In all, 112,947 traders were liquidated. The largest single order was a $31.09 million Bitcoin long on Hyperliquid, closed at $72,250.
Crypto Liquidations on November 13. Source: Coinglass
Leverage on stock-linked contracts unwound too. Nvidia-tracking perpetuals saw about $39.67 million in liquidations following Jensen Huang’s exit from Nvidia.
Those forced sales hit as both majors slid to their lowest levels since August.
Bitcoin and Ethereum Slide to 3-Month Lows
The Bitcoin price traded at $70,834, per BeInCrypto Markets data. This marked the cryptocurrency’s lowest level since August 20. It fell 3.79% over 24 hours and 6.53% over the past week.
Bitcoin (BTC) Price Falls Below $71,000. Source: BeInCrypto Markets
Ethereum dropped 2.10% over 24 hours to $2,007.04. Its loss over the past week reached 10.11%, taking it to its lowest level since mid-August. The total crypto market cap was down 5.09% over 24 hours to $2.42 trillion.
Bitcoin lost its 200-day moving average of $73,137 on Thursday, BeInCrypto’s analysis of the breakdown showed. If it fails to reclaim that average, the next supports sit at $68,000 and $67,000.
For now, Bitcoin holds just above $70,000. Inflation data due later on Friday could decide which of those levels comes into play.
Will Friday’s PPI Raise the Odds of a Bigger Fed Hike?
October’s Consumer Price Index rose 0.4% on the month, above the 0.23% forecast. Traders now fully price in a December Federal Reserve (Fed) rate hike.
CME FedWatch put the odds of a quarter-point hike at 85.5% on Friday. The chance of a half-point move stood at 14.5%, up from 0% a week ago.
The Bureau of Labor Statistics releases October’s Producer Price Index (PPI) on Friday at 8:30 a.m. ET. Economists expect a 0.4% monthly rise, down from 1.3% in September, per a Dow Jones survey.
A hotter reading would strengthen the case for a half-point hike. In October, Bitcoin slipped below $80,000 the day after a PPI report beat forecasts.
A softer print could ease those bets before the Fed meets on December 8 and 9.
Subscribe to our YouTube channel to watch leaders and journalists provide expert insights
BREAKING: Bitcoin falls below $71,000 for the first time since August 20th and selling pressure in crypto gains momentum.Bitcoin is now down more than -19% since October 2nd. pic.twitter.com/0sggb7RY63
Longs made up 88% of $680.81 million in total crypto liquidations, Coinglass data shows. Friday’s US producer price data could now decide whether bets on a half-point Fed rate hike grow.
Follow us on X to get the latest news as it happens
Bitcoin Longs Absorb Nearly Half the Damage
Bitcoin positions accounted for $325.28 million of the total, with longs making up 95.3%. Ethereum followed at $106.07 million, where 89.7% came from long bets.
In all, 112,947 traders were liquidated. The largest single order was a $31.09 million Bitcoin long on Hyperliquid, closed at $72,250.
Crypto Liquidations on November 13. Source: Coinglass
Leverage on stock-linked contracts unwound too. Nvidia-tracking perpetuals saw about $39.67 million in liquidations following Jensen Huang’s exit from Nvidia.
Those forced sales hit as both majors slid to their lowest levels since August.
Bitcoin and Ethereum Slide to 3-Month Lows
The Bitcoin price traded at $70,834, per BeInCrypto Markets data. This marked the cryptocurrency’s lowest level since August 20. It fell 3.79% over 24 hours and 6.53% over the past week.
Bitcoin (BTC) Price Falls Below $71,000. Source: BeInCrypto Markets
Ethereum dropped 2.10% over 24 hours to $2,007.04. Its loss over the past week reached 10.11%, taking it to its lowest level since mid-August. The total crypto market cap was down 5.09% over 24 hours to $2.42 trillion.
Bitcoin lost its 200-day moving average of $73,137 on Thursday, BeInCrypto’s analysis of the breakdown showed. If it fails to reclaim that average, the next supports sit at $68,000 and $67,000.
For now, Bitcoin holds just above $70,000. Inflation data due later on Friday could decide which of those levels comes into play.
Will Friday’s PPI Raise the Odds of a Bigger Fed Hike?
October’s Consumer Price Index rose 0.4% on the month, above the 0.23% forecast. Traders now fully price in a December Federal Reserve (Fed) rate hike.
CME FedWatch put the odds of a quarter-point hike at 85.5% on Friday. The chance of a half-point move stood at 14.5%, up from 0% a week ago.
The Bureau of Labor Statistics releases October’s Producer Price Index (PPI) on Friday at 8:30 a.m. ET. Economists expect a 0.4% monthly rise, down from 1.3% in September, per a Dow Jones survey.
A hotter reading would strengthen the case for a half-point hike. In October, Bitcoin slipped below $80,000 the day after a PPI report beat forecasts.
A softer print could ease those bets before the Fed meets on December 8 and 9.
Subscribe to our YouTube channel to watch leaders and journalists provide expert insights
BREAKING: Bitcoin falls below $71,000 for the first time since August 20th and selling pressure in crypto gains momentum.Bitcoin is now down more than -19% since October 2nd. pic.twitter.com/0sggb7RY63
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Verified
XRP Announces Major Reset on November 25 – Will Price React?Two XRP Ledger networks will be wiped clean on November 25 after a server crash left critical testing infrastructure unable to recover.
The announcement comes as XRP struggles near $1.03, raising questions about whether the reset could further damage investor confidence.
However, real XRP holdings and transactions will remain unaffected.
Testnet and Devnet for XRP Ledger developers will be reset on Nov 25, 5–6 PM PT. All on-chain state (accounts, tokens, AMMs, etc.) will be deleted and need to be re-fund and re-setup afterward.Details:https://t.co/wrgSt9mGVT pic.twitter.com/QDmFTdSoyO
— XRP Ledger Operations (@XRPLOperations) November 10, 2026
Why Is XRP Ledger Resetting Its Networks?
Ripple will reset two networks called Testnet and Devnet on November 25, between 5 p.m. and 6 p.m. Pacific Time, according to XRP Ledger Operations.
Think of these networks as practice environments. Developers use them to test new payment systems and blockchain features without risking real money.
The problem began when a server storing Testnet’s complete transaction history crashed. Ripple says the server cannot recover without a reset.
The company is now increasing storage capacity to prevent similar problems.
The reset will permanently erase testing accounts, transaction records, balances, and trading setups. Developers will need to rebuild their testing environments.
“The resets affect Testnet and Devnet only. Other networks, including Mainnet, will continue to operate as usual,” the official announcement confirms.
This means XRP holders can continue sending, receiving, and trading their tokens normally.
Such resets have happened before. Ripple successfully reset Devnet in October 2025.
Could the XRP Ledger Reset Affect XRP Price?
XRP traded around $1.03 on November 12, following a weekly decline of more than 15%.
XRP Price Performance. Source: BeInCrypto
The timing is uncomfortable for investors. With XRP already under selling pressure, social media discussions around a major network reset could fuel further uncertainty.
However, there is no evidence connecting the planned maintenance to XRP’s recent losses.
The reset does not change XRP’s supply, ownership or live network operations. Its direct impact on the token’s value should therefore be limited.
Short-term sentiment could still suffer if traders confuse the testing networks with the main blockchain.
For investors, the key date is November 25. A successful reset would remove an infrastructure problem, while unexpected technical complications could raise fresh concerns.
Broader crypto-market sentiment will likely remain the bigger driver of XRP’s price.
XRP Announces Major Reset on November 25 – Will Price React?
Two XRP Ledger networks will be wiped clean on November 25 after a server crash left critical testing infrastructure unable to recover.
The announcement comes as XRP struggles near $1.03, raising questions about whether the reset could further damage investor confidence.
However, real XRP holdings and transactions will remain unaffected.
Testnet and Devnet for XRP Ledger developers will be reset on Nov 25, 5–6 PM PT. All on-chain state (accounts, tokens, AMMs, etc.) will be deleted and need to be re-fund and re-setup afterward.Details:https://t.co/wrgSt9mGVT pic.twitter.com/QDmFTdSoyO
— XRP Ledger Operations (@XRPLOperations) November 10, 2026
Why Is XRP Ledger Resetting Its Networks?
Ripple will reset two networks called Testnet and Devnet on November 25, between 5 p.m. and 6 p.m. Pacific Time, according to XRP Ledger Operations.
Think of these networks as practice environments. Developers use them to test new payment systems and blockchain features without risking real money.
The problem began when a server storing Testnet’s complete transaction history crashed. Ripple says the server cannot recover without a reset.
The company is now increasing storage capacity to prevent similar problems.
The reset will permanently erase testing accounts, transaction records, balances, and trading setups. Developers will need to rebuild their testing environments.
“The resets affect Testnet and Devnet only. Other networks, including Mainnet, will continue to operate as usual,” the official announcement confirms.
This means XRP holders can continue sending, receiving, and trading their tokens normally.
Such resets have happened before. Ripple successfully reset Devnet in October 2025.
Could the XRP Ledger Reset Affect XRP Price?
XRP traded around $1.03 on November 12, following a weekly decline of more than 15%.
XRP Price Performance. Source: BeInCrypto
The timing is uncomfortable for investors. With XRP already under selling pressure, social media discussions around a major network reset could fuel further uncertainty.
However, there is no evidence connecting the planned maintenance to XRP’s recent losses.
The reset does not change XRP’s supply, ownership or live network operations. Its direct impact on the token’s value should therefore be limited.
Short-term sentiment could still suffer if traders confuse the testing networks with the main blockchain.
For investors, the key date is November 25. A successful reset would remove an infrastructure problem, while unexpected technical complications could raise fresh concerns.
Broader crypto-market sentiment will likely remain the bigger driver of XRP’s price.
The announcement comes as XRP struggles near $1.03, raising questions about whether the reset could further damage investor confidence.
However, real XRP holdings and transactions will remain unaffected.
Testnet and Devnet for XRP Ledger developers will be reset on Nov 25, 5–6 PM PT. All on-chain state (accounts, tokens, AMMs, etc.) will be deleted and need to be re-fund and re-setup afterward.Details:https://t.co/wrgSt9mGVT pic.twitter.com/QDmFTdSoyO
— XRP Ledger Operations (@XRPLOperations) November 10, 2026
Why Is XRP Ledger Resetting Its Networks?
Ripple will reset two networks called Testnet and Devnet on November 25, between 5 p.m. and 6 p.m. Pacific Time, according to XRP Ledger Operations.
Think of these networks as practice environments. Developers use them to test new payment systems and blockchain features without risking real money.
The problem began when a server storing Testnet’s complete transaction history crashed. Ripple says the server cannot recover without a reset.
The company is now increasing storage capacity to prevent similar problems.
The reset will permanently erase testing accounts, transaction records, balances, and trading setups. Developers will need to rebuild their testing environments.
“The resets affect Testnet and Devnet only. Other networks, including Mainnet, will continue to operate as usual,” the official announcement confirms.
This means XRP holders can continue sending, receiving, and trading their tokens normally.
Such resets have happened before. Ripple successfully reset Devnet in October 2025.
Could the XRP Ledger Reset Affect XRP Price?
XRP traded around $1.03 on November 12, following a weekly decline of more than 15%.
XRP Price Performance. Source: BeInCrypto
The timing is uncomfortable for investors. With XRP already under selling pressure, social media discussions around a major network reset could fuel further uncertainty.
However, there is no evidence connecting the planned maintenance to XRP’s recent losses.
The reset does not change XRP’s supply, ownership or live network operations. Its direct impact on the token’s value should therefore be limited.
Short-term sentiment could still suffer if traders confuse the testing networks with the main blockchain.
For investors, the key date is November 25. A successful reset would remove an infrastructure problem, while unexpected technical complications could raise fresh concerns.
Broader crypto-market sentiment will likely remain the bigger driver of XRP’s price.
1
1
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Crypto Market Faces Its Biggest Liquidity Warning Since 2022One of the clearest warning signs for crypto investors is coming from stablecoins.
Stablecoin supply fell $14.2 billion over the 30 days through November 9, according to Glassnode. That is the sharpest contraction since June 2022, when the Terra collapse helped trigger a much deeper market crisis.
The decline raises a question for the broader crypto market: Who is left to buy if investors keep withdrawing their money?
Stablecoin Supply Shows Less Active Buyers
Stablecoins such as USDT and USDC serve as crypto’s cash reserves. Traders hold them before buying Bitcoin, Ethereum, or smaller cryptocurrencies.
When investors redeem stablecoins for dollars, those tokens leave circulation. This reduces the pool of dollar-linked liquidity available for trading.
30-Day Change in Stablecoin Supply. Source: Glassnode
Glassnode warned that the contraction leaves “less fuel for a rally.”
However, the $14.2 billion decline does not represent an equivalent loss in crypto prices. It signals reduced demand for holding dollars on-chain.
How Bearish Is the Crypto Market?
Other indicators support the warning.
US spot Bitcoin ETFs recorded $1.6 billion in outflows over 20 sessions.Ethereum ETFs lost more than $1.8 billion across six consecutive weeks.
Meanwhile, the Crypto Fear and Greed Index stood at 26 on November 11, indicating widespread fear.
Bitcoin’s market dominance reached 60.5%, suggesting investors increasingly favour the largest cryptocurrency over smaller tokens.
Daily Bitcoin ETF Outflows in October. Source: Glassnode
Still, comparisons with 2022 require caution. Stablecoin supply fell nearly $30 billion during that crisis, roughly twice the current contraction.
Glassnode also identified accumulation by large Bitcoin holders and reduced liquidation pressure near current prices. However, a major liquidation cluster remains around $60,000.
Bitcoin Liquidation Heatmap. Source: Glassnode
For the broader market, the next critical signal is whether stablecoin supply returns to growth. Combined with renewed ETF inflows, that would suggest buying demand is recovering.
Until then, sustained crypto rallies face a serious liquidity problem.
Crypto Market Faces Its Biggest Liquidity Warning Since 2022
One of the clearest warning signs for crypto investors is coming from stablecoins.
Stablecoin supply fell $14.2 billion over the 30 days through November 9, according to Glassnode. That is the sharpest contraction since June 2022, when the Terra collapse helped trigger a much deeper market crisis.
The decline raises a question for the broader crypto market: Who is left to buy if investors keep withdrawing their money?
Stablecoin Supply Shows Less Active Buyers
Stablecoins such as USDT and USDC serve as crypto’s cash reserves. Traders hold them before buying Bitcoin, Ethereum, or smaller cryptocurrencies.
When investors redeem stablecoins for dollars, those tokens leave circulation. This reduces the pool of dollar-linked liquidity available for trading.
30-Day Change in Stablecoin Supply. Source: Glassnode
Glassnode warned that the contraction leaves “less fuel for a rally.”
However, the $14.2 billion decline does not represent an equivalent loss in crypto prices. It signals reduced demand for holding dollars on-chain.
How Bearish Is the Crypto Market?
Other indicators support the warning.
US spot Bitcoin ETFs recorded $1.6 billion in outflows over 20 sessions.Ethereum ETFs lost more than $1.8 billion across six consecutive weeks.
Meanwhile, the Crypto Fear and Greed Index stood at 26 on November 11, indicating widespread fear.
Bitcoin’s market dominance reached 60.5%, suggesting investors increasingly favour the largest cryptocurrency over smaller tokens.
Daily Bitcoin ETF Outflows in October. Source: Glassnode
Still, comparisons with 2022 require caution. Stablecoin supply fell nearly $30 billion during that crisis, roughly twice the current contraction.
Glassnode also identified accumulation by large Bitcoin holders and reduced liquidation pressure near current prices. However, a major liquidation cluster remains around $60,000.
Bitcoin Liquidation Heatmap. Source: Glassnode
For the broader market, the next critical signal is whether stablecoin supply returns to growth. Combined with renewed ETF inflows, that would suggest buying demand is recovering.
Until then, sustained crypto rallies face a serious liquidity problem.
Stablecoin supply fell $14.2 billion over the 30 days through November 9, according to Glassnode. That is the sharpest contraction since June 2022, when the Terra collapse helped trigger a much deeper market crisis.
The decline raises a question for the broader crypto market: Who is left to buy if investors keep withdrawing their money?
Stablecoin Supply Shows Less Active Buyers
Stablecoins such as USDT and USDC serve as crypto’s cash reserves. Traders hold them before buying Bitcoin, Ethereum, or smaller cryptocurrencies.
When investors redeem stablecoins for dollars, those tokens leave circulation. This reduces the pool of dollar-linked liquidity available for trading.
30-Day Change in Stablecoin Supply. Source: Glassnode
Glassnode warned that the contraction leaves “less fuel for a rally.”
However, the $14.2 billion decline does not represent an equivalent loss in crypto prices. It signals reduced demand for holding dollars on-chain.
How Bearish Is the Crypto Market?
Other indicators support the warning.
US spot Bitcoin ETFs recorded $1.6 billion in outflows over 20 sessions.Ethereum ETFs lost more than $1.8 billion across six consecutive weeks.
Meanwhile, the Crypto Fear and Greed Index stood at 26 on November 11, indicating widespread fear.
Bitcoin’s market dominance reached 60.5%, suggesting investors increasingly favour the largest cryptocurrency over smaller tokens.
Daily Bitcoin ETF Outflows in October. Source: Glassnode
Still, comparisons with 2022 require caution. Stablecoin supply fell nearly $30 billion during that crisis, roughly twice the current contraction.
Glassnode also identified accumulation by large Bitcoin holders and reduced liquidation pressure near current prices. However, a major liquidation cluster remains around $60,000.
Bitcoin Liquidation Heatmap. Source: Glassnode
For the broader market, the next critical signal is whether stablecoin supply returns to growth. Combined with renewed ETF inflows, that would suggest buying demand is recovering.
Until then, sustained crypto rallies face a serious liquidity problem.
37
S&P 500 Recovered $1 Trillion in 90 Minutes Despite Wider Market CrashThe S&P 500 looked headed for a bruising Thursday after Nvidia lost as much as $600 billion in market value. Then Wall Street reversed course.
The index fell nearly 1% at the opening bell as Nvidia shares plunged up to 14% following founder Jensen Huang’s abrupt resignation. Within about 90 minutes, the S&P 500 had recovered its losses.
Why Didn’t Nvidia Drag Down the Whole Market?
Nvidia’s sell-off was severe, but it eased as trading progressed. Buyers also moved into its competitors: AMD rose roughly 7%, while Broadcom gained more than 5%.
Gains elsewhere helped offset Nvidia’s losses, suggesting investors were still willing to bet on demand for AI chips, even as they questioned Nvidia’s leadership.
This is unbelievable.The S&P 500 is now up 3.65% this week and just 2.5% away from a new ALL TIME HIGH.This is happening despite a hotter than expected CPI print, and just one week after one of the biggest wipeouts in S&P 500 history. pic.twitter.com/ZqGsdWVEpu
— Bull Theory (@BullTheoryio) November 11, 2026
Retail investors bought an estimated $111 million of Nvidia shares in the first half-hour alone, Reuters reported.
“You notice some of Nvidia’s losses have been offset by gains in competitors,” Peter Tuz, president of Chase Investment Counsel, told Reuters.
Nvidia has appointed finance chief Colette Kress as interim CEO. Its next earnings report on November 17 will test whether customers’ spending and growth expectations can withstand the leadership upheaval.
What Should Stock Market Investors Watch Next?
The S&P 500 rebound happened despite another warning sign: the 10-year US Treasury yield climbed above 5%, making borrowing more expensive.
Oil prices also rose after President Donald Trump hardened his position on Iran, adding to inflation worries.
On the chart, the S&P 500’s immediate challenge is holding above roughly 7,624. A sustained move higher would put its record near 7,845 back in sight.
If selling returns, 7,484 is the first level to watch, followed by the November low near 7,350.
S&P 500 daily chart. Source: TradingView
Thursday showed that investors still want to buy market dips. Whether that enthusiasm survives higher yields and Nvidia’s first earnings report without Huang remains the bigger question.
S&P 500 Recovered $1 Trillion in 90 Minutes Despite Wider Market Crash
The S&P 500 looked headed for a bruising Thursday after Nvidia lost as much as $600 billion in market value. Then Wall Street reversed course.
The index fell nearly 1% at the opening bell as Nvidia shares plunged up to 14% following founder Jensen Huang’s abrupt resignation. Within about 90 minutes, the S&P 500 had recovered its losses.
Why Didn’t Nvidia Drag Down the Whole Market?
Nvidia’s sell-off was severe, but it eased as trading progressed. Buyers also moved into its competitors: AMD rose roughly 7%, while Broadcom gained more than 5%.
Gains elsewhere helped offset Nvidia’s losses, suggesting investors were still willing to bet on demand for AI chips, even as they questioned Nvidia’s leadership.
This is unbelievable.The S&P 500 is now up 3.65% this week and just 2.5% away from a new ALL TIME HIGH.This is happening despite a hotter than expected CPI print, and just one week after one of the biggest wipeouts in S&P 500 history. pic.twitter.com/ZqGsdWVEpu
— Bull Theory (@BullTheoryio) November 11, 2026
Retail investors bought an estimated $111 million of Nvidia shares in the first half-hour alone, Reuters reported.
“You notice some of Nvidia’s losses have been offset by gains in competitors,” Peter Tuz, president of Chase Investment Counsel, told Reuters.
Nvidia has appointed finance chief Colette Kress as interim CEO. Its next earnings report on November 17 will test whether customers’ spending and growth expectations can withstand the leadership upheaval.
What Should Stock Market Investors Watch Next?
The S&P 500 rebound happened despite another warning sign: the 10-year US Treasury yield climbed above 5%, making borrowing more expensive.
Oil prices also rose after President Donald Trump hardened his position on Iran, adding to inflation worries.
On the chart, the S&P 500’s immediate challenge is holding above roughly 7,624. A sustained move higher would put its record near 7,845 back in sight.
If selling returns, 7,484 is the first level to watch, followed by the November low near 7,350.
S&P 500 daily chart. Source: TradingView
Thursday showed that investors still want to buy market dips. Whether that enthusiasm survives higher yields and Nvidia’s first earnings report without Huang remains the bigger question.
The index fell nearly 1% at the opening bell as Nvidia shares plunged up to 14% following founder Jensen Huang’s abrupt resignation. Within about 90 minutes, the S&P 500 had recovered its losses.
Why Didn’t Nvidia Drag Down the Whole Market?
Nvidia’s sell-off was severe, but it eased as trading progressed. Buyers also moved into its competitors: AMD rose roughly 7%, while Broadcom gained more than 5%.
Gains elsewhere helped offset Nvidia’s losses, suggesting investors were still willing to bet on demand for AI chips, even as they questioned Nvidia’s leadership.
This is unbelievable.The S&P 500 is now up 3.65% this week and just 2.5% away from a new ALL TIME HIGH.This is happening despite a hotter than expected CPI print, and just one week after one of the biggest wipeouts in S&P 500 history. pic.twitter.com/ZqGsdWVEpu
— Bull Theory (@BullTheoryio) November 11, 2026
Retail investors bought an estimated $111 million of Nvidia shares in the first half-hour alone, Reuters reported.
“You notice some of Nvidia’s losses have been offset by gains in competitors,” Peter Tuz, president of Chase Investment Counsel, told Reuters.
Nvidia has appointed finance chief Colette Kress as interim CEO. Its next earnings report on November 17 will test whether customers’ spending and growth expectations can withstand the leadership upheaval.
What Should Stock Market Investors Watch Next?
The S&P 500 rebound happened despite another warning sign: the 10-year US Treasury yield climbed above 5%, making borrowing more expensive.
Oil prices also rose after President Donald Trump hardened his position on Iran, adding to inflation worries.
On the chart, the S&P 500’s immediate challenge is holding above roughly 7,624. A sustained move higher would put its record near 7,845 back in sight.
If selling returns, 7,484 is the first level to watch, followed by the November low near 7,350.
S&P 500 daily chart. Source: TradingView
Thursday showed that investors still want to buy market dips. Whether that enthusiasm survives higher yields and Nvidia’s first earnings report without Huang remains the bigger question.
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SpaceX-Tesla Merger Could Come Soon: What Do Shareholders Get?SpaceX-Tesla merger talks are progressing, and a deal could be announced as early as December, Bloomberg reported Thursday. Combined, the two companies are worth roughly $3.5 trillion, enough to make it the largest corporate deal ever.
No terms are signed, and the deal could still slip into 2027. For Tesla shareholders, the question is the swap rate, meaning how many SpaceX shares each Tesla share would buy, and at what premium.
What Would Tesla and SpaceX Shareholders Get?
Bank of America analyst Alexander Perry expects SpaceX to buy Tesla with stock, not cash. At a 20% premium, he estimated Tesla holders would own about 47% of the combined company, using October 20 prices. A bigger premium shrinks SpaceX holders’ slice.
Tesla stock traded at $393.65 and SpaceX at $140.33 as of this writing. One Tesla share equaled about 2.8 SpaceX shares before any premium.
Elon Musk keeps control either way. Barclays estimates he would hold about 56% of the combined voting power.
Why Tesla’s Own Rules Could Still Block the Merger
Musk controls more than 80% of SpaceX’s votes. Tesla is harder, because its charter requires a majority of all outstanding shares. Investors who skip the vote count as a “no.”
In 2025, that rule sank a non-binding proposal on Tesla investing in xAI. It drew more votes for than against, but 473 million abstentions defeated it. Musk has cautioned against treating this deal as done.
“Some people out there assume that a SpaceX and Tesla merger is a certainty… I think that would be overstating it,” Musk said.
Bloomberg reported Musk wants the deal closed while President Donald Trump is in office. Democrats, however, won both chambers of Congress on November 3.
Perry named China, where Tesla builds about half its cars, the main regulatory risk, one of the Tesla-SpaceX merger hurdles a former Tesla director flagged.
Will Tesla Shareholders Vote on December 3?
No. Tesla’s December 3 annual meeting has no merger item on the ballot. Musk called the merger a good idea in October but recused himself.
Independent committees now set the pace, and any announcement would start the clock on a vote Tesla’s charter makes hard to win.
SpaceX-Tesla Merger Could Come Soon: What Do Shareholders Get?
SpaceX-Tesla merger talks are progressing, and a deal could be announced as early as December, Bloomberg reported Thursday. Combined, the two companies are worth roughly $3.5 trillion, enough to make it the largest corporate deal ever.
No terms are signed, and the deal could still slip into 2027. For Tesla shareholders, the question is the swap rate, meaning how many SpaceX shares each Tesla share would buy, and at what premium.
What Would Tesla and SpaceX Shareholders Get?
Bank of America analyst Alexander Perry expects SpaceX to buy Tesla with stock, not cash. At a 20% premium, he estimated Tesla holders would own about 47% of the combined company, using October 20 prices. A bigger premium shrinks SpaceX holders’ slice.
Tesla stock traded at $393.65 and SpaceX at $140.33 as of this writing. One Tesla share equaled about 2.8 SpaceX shares before any premium.
Elon Musk keeps control either way. Barclays estimates he would hold about 56% of the combined voting power.
Why Tesla’s Own Rules Could Still Block the Merger
Musk controls more than 80% of SpaceX’s votes. Tesla is harder, because its charter requires a majority of all outstanding shares. Investors who skip the vote count as a “no.”
In 2025, that rule sank a non-binding proposal on Tesla investing in xAI. It drew more votes for than against, but 473 million abstentions defeated it. Musk has cautioned against treating this deal as done.
“Some people out there assume that a SpaceX and Tesla merger is a certainty… I think that would be overstating it,” Musk said.
Bloomberg reported Musk wants the deal closed while President Donald Trump is in office. Democrats, however, won both chambers of Congress on November 3.
Perry named China, where Tesla builds about half its cars, the main regulatory risk, one of the Tesla-SpaceX merger hurdles a former Tesla director flagged.
Will Tesla Shareholders Vote on December 3?
No. Tesla’s December 3 annual meeting has no merger item on the ballot. Musk called the merger a good idea in October but recused himself.
Independent committees now set the pace, and any announcement would start the clock on a vote Tesla’s charter makes hard to win.
No terms are signed, and the deal could still slip into 2027. For Tesla shareholders, the question is the swap rate, meaning how many SpaceX shares each Tesla share would buy, and at what premium.
What Would Tesla and SpaceX Shareholders Get?
Bank of America analyst Alexander Perry expects SpaceX to buy Tesla with stock, not cash. At a 20% premium, he estimated Tesla holders would own about 47% of the combined company, using October 20 prices. A bigger premium shrinks SpaceX holders’ slice.
Tesla stock traded at $393.65 and SpaceX at $140.33 as of this writing. One Tesla share equaled about 2.8 SpaceX shares before any premium.
Elon Musk keeps control either way. Barclays estimates he would hold about 56% of the combined voting power.
Why Tesla’s Own Rules Could Still Block the Merger
Musk controls more than 80% of SpaceX’s votes. Tesla is harder, because its charter requires a majority of all outstanding shares. Investors who skip the vote count as a “no.”
In 2025, that rule sank a non-binding proposal on Tesla investing in xAI. It drew more votes for than against, but 473 million abstentions defeated it. Musk has cautioned against treating this deal as done.
“Some people out there assume that a SpaceX and Tesla merger is a certainty… I think that would be overstating it,” Musk said.
Bloomberg reported Musk wants the deal closed while President Donald Trump is in office. Democrats, however, won both chambers of Congress on November 3.
Perry named China, where Tesla builds about half its cars, the main regulatory risk, one of the Tesla-SpaceX merger hurdles a former Tesla director flagged.
Will Tesla Shareholders Vote on December 3?
No. Tesla’s December 3 annual meeting has no merger item on the ballot. Musk called the merger a good idea in October but recused himself.
Independent committees now set the pace, and any announcement would start the clock on a vote Tesla’s charter makes hard to win.
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Bitcoin Loses Key 200-Day Average: Is $67,000 Next?Bitcoin price fell below its 200-day moving average of $73,137 on Thursday. It’s one of the most closely watched indicators in crypto because it helps investors understand whether Bitcoin’s long-term price trend is strengthening or weakening.
BTC currently trades at around $71,000, nearly 3% below that critical level. If Bitcoin fails to reclaim that level, the largest cryptocurrency could fall towards $67,000, erasing all of its gains since August.
Fed Almost Certain to Hike Interest Rates
The market now widely expects an interest rate hike in December from the Federal Reserve. The latest CPI data suggested inflation is hotter than expected, which leaves no room for a rate pause.
CME FedWatch December rate hike probabilities. Source: CME FedWatch
Meanwhile, the 10-year Treasury yield returned to roughly 5%, and the dollar index neared a 19-month high, per Kitco.
Gold and Silver also fell by more than 2%.
Are Bitcoin Holders Selling?
US spot Bitcoin ETFs lost $299.8 million on Wednesday, extending five days of outflows. BlackRock’s IBIT accounted for most of the exit.
Separately, index provider MSCI confirmed it will remove Strategy (MSTR), the Bitcoin treasury firm, from two US indexes.
Spot selling then accelerated once BTC lost $72,000, analyst Ted Pillows noted.
Aggressive $BTC selling across all exchanges now.This looks really bad. pic.twitter.com/SnEHKKDI8W
— Ted (@TedPillows) November 12, 2026
What’s Next For Bitcoin Price?
Bitcoin is on track to close below its 200-day moving average, a key indicator investors use to judge the market’s long-term direction. Falling below it suggests the market is weakening and further losses are possible.
If selling continues, Bitcoin could fall toward $68,000, followed by $67,000. To regain momentum, BTC first needs to recover above its 200-day average. The next major obstacle is $75,000.
There is some hope for buyers. Bitcoin’s Relative Strength Index (RSI), which measures buying and selling momentum, has fallen to 30. This suggests Bitcoin may be oversold and due for a rebound.
A similar reading on June 30 marked a market bottom. However, earlier in June, Bitcoin continued falling despite showing the same warning signs.
BTC daily chart. Source: TradingView
Analyst’s takeaway: Bitcoin is showing signs of weakness, but a short-term recovery remains possible. The $67,000–$68,000 range is the next key area to watch if prices keep falling.
Bitcoin Loses Key 200-Day Average: Is $67,000 Next?
Bitcoin price fell below its 200-day moving average of $73,137 on Thursday. It’s one of the most closely watched indicators in crypto because it helps investors understand whether Bitcoin’s long-term price trend is strengthening or weakening.
BTC currently trades at around $71,000, nearly 3% below that critical level. If Bitcoin fails to reclaim that level, the largest cryptocurrency could fall towards $67,000, erasing all of its gains since August.
Fed Almost Certain to Hike Interest Rates
The market now widely expects an interest rate hike in December from the Federal Reserve. The latest CPI data suggested inflation is hotter than expected, which leaves no room for a rate pause.
CME FedWatch December rate hike probabilities. Source: CME FedWatch
Meanwhile, the 10-year Treasury yield returned to roughly 5%, and the dollar index neared a 19-month high, per Kitco.
Gold and Silver also fell by more than 2%.
Are Bitcoin Holders Selling?
US spot Bitcoin ETFs lost $299.8 million on Wednesday, extending five days of outflows. BlackRock’s IBIT accounted for most of the exit.
Separately, index provider MSCI confirmed it will remove Strategy (MSTR), the Bitcoin treasury firm, from two US indexes.
Spot selling then accelerated once BTC lost $72,000, analyst Ted Pillows noted.
Aggressive $BTC selling across all exchanges now.This looks really bad. pic.twitter.com/SnEHKKDI8W
— Ted (@TedPillows) November 12, 2026
What’s Next For Bitcoin Price?
Bitcoin is on track to close below its 200-day moving average, a key indicator investors use to judge the market’s long-term direction. Falling below it suggests the market is weakening and further losses are possible.
If selling continues, Bitcoin could fall toward $68,000, followed by $67,000. To regain momentum, BTC first needs to recover above its 200-day average. The next major obstacle is $75,000.
There is some hope for buyers. Bitcoin’s Relative Strength Index (RSI), which measures buying and selling momentum, has fallen to 30. This suggests Bitcoin may be oversold and due for a rebound.
A similar reading on June 30 marked a market bottom. However, earlier in June, Bitcoin continued falling despite showing the same warning signs.
BTC daily chart. Source: TradingView
Analyst’s takeaway: Bitcoin is showing signs of weakness, but a short-term recovery remains possible. The $67,000–$68,000 range is the next key area to watch if prices keep falling.
BTC currently trades at around $71,000, nearly 3% below that critical level. If Bitcoin fails to reclaim that level, the largest cryptocurrency could fall towards $67,000, erasing all of its gains since August.
Fed Almost Certain to Hike Interest Rates
The market now widely expects an interest rate hike in December from the Federal Reserve. The latest CPI data suggested inflation is hotter than expected, which leaves no room for a rate pause.
CME FedWatch December rate hike probabilities. Source: CME FedWatch
Meanwhile, the 10-year Treasury yield returned to roughly 5%, and the dollar index neared a 19-month high, per Kitco.
Gold and Silver also fell by more than 2%.
Are Bitcoin Holders Selling?
US spot Bitcoin ETFs lost $299.8 million on Wednesday, extending five days of outflows. BlackRock’s IBIT accounted for most of the exit.
Separately, index provider MSCI confirmed it will remove Strategy (MSTR), the Bitcoin treasury firm, from two US indexes.
Spot selling then accelerated once BTC lost $72,000, analyst Ted Pillows noted.
Aggressive $BTC selling across all exchanges now.This looks really bad. pic.twitter.com/SnEHKKDI8W
— Ted (@TedPillows) November 12, 2026
What’s Next For Bitcoin Price?
Bitcoin is on track to close below its 200-day moving average, a key indicator investors use to judge the market’s long-term direction. Falling below it suggests the market is weakening and further losses are possible.
If selling continues, Bitcoin could fall toward $68,000, followed by $67,000. To regain momentum, BTC first needs to recover above its 200-day average. The next major obstacle is $75,000.
There is some hope for buyers. Bitcoin’s Relative Strength Index (RSI), which measures buying and selling momentum, has fallen to 30. This suggests Bitcoin may be oversold and due for a rebound.
A similar reading on June 30 marked a market bottom. However, earlier in June, Bitcoin continued falling despite showing the same warning signs.
BTC daily chart. Source: TradingView
Analyst’s takeaway: Bitcoin is showing signs of weakness, but a short-term recovery remains possible. The $67,000–$68,000 range is the next key area to watch if prices keep falling.
56
JPMorgan Bought More MicroStrategy Before MSCI Exit, Plus Insurance Against a DropJPMorgan held 36% more MicroStrategy shares at the end of September, weeks before MSCI announced it would drop the stock. It also held 60% more put options, which work like insurance if the share price drops.
The bank’s own analysts had estimated that losing the index spot could force index funds to sell about $2.8 billion of the stock.
More Shares, and More Insurance Against a Drop
The numbers come from JPMorgan’s 13F, a quarterly holdings report large US money managers file with regulators. It landed Thursday.
MicroStrategy, now called Strategy (MSTR), is the biggest corporate holder of Bitcoin (BTC). On Sept. 30, JPMorgan held 848,932 of its shares, worth $131.3 million. In June, it held 624,387.
Its put options covered 1,148,500 shares, more than the 848,932 it held outright. In June, they covered 715,700.
JPMorgan MicroStrategy shares and put options. Source: SEC filings
The filing does not explain the mix. It pools JPMorgan with 17 affiliates, so the lines can include client accounts and trading inventory.
Why Index Funds Must Sell on Nov. 30
BeInCrypto flagged the removal risk in October, after MSCI ruled that companies mostly holding assets, rather than running businesses, no longer qualify. MSCI confirmed the US index removal on Wednesday.
Index funds copy their index. When a stock leaves, they sell, whatever they think of it.
Strategy pushed back in a letter to MSCI.
“While not material to $MSTR, the proposal is misguided, flawed, and conflicts with established securities laws and accounting principles.”
Founder and chair Michael Saylor posted on X (Twitter).
“MSCI should be a mirror of the market, not an arbiter of it.”
On Thursday, the shares fell 6% to about $115. At that price, JPMorgan’s September stake would be worth about $97.6 million, down from $131.3 million.
Strategy Stock (MSTR) Performance. Source: Yahoo Finance
Wall Street analysts are not walking away. Twelve of 13 tracked by TipRanks rate the stock a buy, with an average target of $217.92.
Strategy (MSTR) Stock Forecast & Price Target. Source: TipRanks
The forced selling arrives Nov. 30. By Nov. 16, other big managers must also reveal their September holdings, showing whether others bought the stock, protection against it, or both.
JPMorgan Bought More MicroStrategy Before MSCI Exit, Plus Insurance Against a Drop
JPMorgan held 36% more MicroStrategy shares at the end of September, weeks before MSCI announced it would drop the stock. It also held 60% more put options, which work like insurance if the share price drops.
The bank’s own analysts had estimated that losing the index spot could force index funds to sell about $2.8 billion of the stock.
More Shares, and More Insurance Against a Drop
The numbers come from JPMorgan’s 13F, a quarterly holdings report large US money managers file with regulators. It landed Thursday.
MicroStrategy, now called Strategy (MSTR), is the biggest corporate holder of Bitcoin (BTC). On Sept. 30, JPMorgan held 848,932 of its shares, worth $131.3 million. In June, it held 624,387.
Its put options covered 1,148,500 shares, more than the 848,932 it held outright. In June, they covered 715,700.
JPMorgan MicroStrategy shares and put options. Source: SEC filings
The filing does not explain the mix. It pools JPMorgan with 17 affiliates, so the lines can include client accounts and trading inventory.
Why Index Funds Must Sell on Nov. 30
BeInCrypto flagged the removal risk in October, after MSCI ruled that companies mostly holding assets, rather than running businesses, no longer qualify. MSCI confirmed the US index removal on Wednesday.
Index funds copy their index. When a stock leaves, they sell, whatever they think of it.
Strategy pushed back in a letter to MSCI.
“While not material to $MSTR, the proposal is misguided, flawed, and conflicts with established securities laws and accounting principles.”
Founder and chair Michael Saylor posted on X (Twitter).
“MSCI should be a mirror of the market, not an arbiter of it.”
On Thursday, the shares fell 6% to about $115. At that price, JPMorgan’s September stake would be worth about $97.6 million, down from $131.3 million.
Strategy Stock (MSTR) Performance. Source: Yahoo Finance
Wall Street analysts are not walking away. Twelve of 13 tracked by TipRanks rate the stock a buy, with an average target of $217.92.
Strategy (MSTR) Stock Forecast & Price Target. Source: TipRanks
The forced selling arrives Nov. 30. By Nov. 16, other big managers must also reveal their September holdings, showing whether others bought the stock, protection against it, or both.
The bank’s own analysts had estimated that losing the index spot could force index funds to sell about $2.8 billion of the stock.
More Shares, and More Insurance Against a Drop
The numbers come from JPMorgan’s 13F, a quarterly holdings report large US money managers file with regulators. It landed Thursday.
MicroStrategy, now called Strategy (MSTR), is the biggest corporate holder of Bitcoin (BTC). On Sept. 30, JPMorgan held 848,932 of its shares, worth $131.3 million. In June, it held 624,387.
Its put options covered 1,148,500 shares, more than the 848,932 it held outright. In June, they covered 715,700.
JPMorgan MicroStrategy shares and put options. Source: SEC filings
The filing does not explain the mix. It pools JPMorgan with 17 affiliates, so the lines can include client accounts and trading inventory.
Why Index Funds Must Sell on Nov. 30
BeInCrypto flagged the removal risk in October, after MSCI ruled that companies mostly holding assets, rather than running businesses, no longer qualify. MSCI confirmed the US index removal on Wednesday.
Index funds copy their index. When a stock leaves, they sell, whatever they think of it.
Strategy pushed back in a letter to MSCI.
“While not material to $MSTR, the proposal is misguided, flawed, and conflicts with established securities laws and accounting principles.”
Founder and chair Michael Saylor posted on X (Twitter).
“MSCI should be a mirror of the market, not an arbiter of it.”
On Thursday, the shares fell 6% to about $115. At that price, JPMorgan’s September stake would be worth about $97.6 million, down from $131.3 million.
Strategy Stock (MSTR) Performance. Source: Yahoo Finance
Wall Street analysts are not walking away. Twelve of 13 tracked by TipRanks rate the stock a buy, with an average target of $217.92.
Strategy (MSTR) Stock Forecast & Price Target. Source: TipRanks
The forced selling arrives Nov. 30. By Nov. 16, other big managers must also reveal their September holdings, showing whether others bought the stock, protection against it, or both.
182
Binance Customers Hit by $6.3 Billion Hack Are Fully Repaid, Exchange SaysBinance said Thursday it has replaced every token lost in its record $6.3 billion hack. Customers cannot verify it yet, since the proof behind its new reserves snapshot is still pending.
That proof is a zero-knowledge proof, a math-based check that lets users confirm the exchange holds at least one coin for every coin it owes. Until it is published, the backing for roughly $132 billion in customer assets rests on Binance’s word.
What Did Binance Replace, and Who Paid for It?
Hackers drained Binance wallets on October 29. The FBI later blamed TraderTraitor, a North Korean hacking unit. It asked exchanges to block wallets tied to the theft.
By November 2, Binance said it had refilled about 98% of the affected assets. The remaining gap sat mostly in thinly traded tokens, which the exchange then bought on the market.
Binance has said customers will not bear the loss. It paid from its corporate treasury and insurance funds, according to Bloomberg. It also tapped its Secure Asset Fund for Users (SAFU), an emergency reserve usually kept near $1 billion.
Co-CEO Yi He said this year’s revenue would fully cover the hole.
💁♀️ 100%Binance has completed coverage of assets impacted in the security incident and we have published a new Proof of Reserves snapshot. Once the zero-knowledge proof is generated, users can independently verify that their assets are backed at a minimum of 1:1. https://t.co/KcvuQKuLg5
— Yi He (@heyibinance) November 12, 2026
Can Binance Get Any of the Stolen Money Back?
About $2.8 billion of the stolen crypto had been frozen as of November 3, Chainalysis said. Frozen funds are not the same as recovered funds.
Withdrawals reopened in phases on November 1, and roughly $2 billion moved within hours. Binance’s previous zero-knowledge check, on an October 31 snapshot, covered 10 major tokens, including Bitcoin (BTC) and Ethereum (ETH).
The theft is about four times larger than the $1.5 billion Bybit hack in 2025. It also drives most of this year’s hack losses, which have now passed crypto’s on-chain revenue. The pending proof will be the first independent test of Binance’s claim.
Binance Customers Hit by $6.3 Billion Hack Are Fully Repaid, Exchange Says
Binance said Thursday it has replaced every token lost in its record $6.3 billion hack. Customers cannot verify it yet, since the proof behind its new reserves snapshot is still pending.
That proof is a zero-knowledge proof, a math-based check that lets users confirm the exchange holds at least one coin for every coin it owes. Until it is published, the backing for roughly $132 billion in customer assets rests on Binance’s word.
What Did Binance Replace, and Who Paid for It?
Hackers drained Binance wallets on October 29. The FBI later blamed TraderTraitor, a North Korean hacking unit. It asked exchanges to block wallets tied to the theft.
By November 2, Binance said it had refilled about 98% of the affected assets. The remaining gap sat mostly in thinly traded tokens, which the exchange then bought on the market.
Binance has said customers will not bear the loss. It paid from its corporate treasury and insurance funds, according to Bloomberg. It also tapped its Secure Asset Fund for Users (SAFU), an emergency reserve usually kept near $1 billion.
Co-CEO Yi He said this year’s revenue would fully cover the hole.
💁♀️ 100%Binance has completed coverage of assets impacted in the security incident and we have published a new Proof of Reserves snapshot. Once the zero-knowledge proof is generated, users can independently verify that their assets are backed at a minimum of 1:1. https://t.co/KcvuQKuLg5
— Yi He (@heyibinance) November 12, 2026
Can Binance Get Any of the Stolen Money Back?
About $2.8 billion of the stolen crypto had been frozen as of November 3, Chainalysis said. Frozen funds are not the same as recovered funds.
Withdrawals reopened in phases on November 1, and roughly $2 billion moved within hours. Binance’s previous zero-knowledge check, on an October 31 snapshot, covered 10 major tokens, including Bitcoin (BTC) and Ethereum (ETH).
The theft is about four times larger than the $1.5 billion Bybit hack in 2025. It also drives most of this year’s hack losses, which have now passed crypto’s on-chain revenue. The pending proof will be the first independent test of Binance’s claim.
That proof is a zero-knowledge proof, a math-based check that lets users confirm the exchange holds at least one coin for every coin it owes. Until it is published, the backing for roughly $132 billion in customer assets rests on Binance’s word.
What Did Binance Replace, and Who Paid for It?
Hackers drained Binance wallets on October 29. The FBI later blamed TraderTraitor, a North Korean hacking unit. It asked exchanges to block wallets tied to the theft.
By November 2, Binance said it had refilled about 98% of the affected assets. The remaining gap sat mostly in thinly traded tokens, which the exchange then bought on the market.
Binance has said customers will not bear the loss. It paid from its corporate treasury and insurance funds, according to Bloomberg. It also tapped its Secure Asset Fund for Users (SAFU), an emergency reserve usually kept near $1 billion.
Co-CEO Yi He said this year’s revenue would fully cover the hole.
💁♀️ 100%Binance has completed coverage of assets impacted in the security incident and we have published a new Proof of Reserves snapshot. Once the zero-knowledge proof is generated, users can independently verify that their assets are backed at a minimum of 1:1. https://t.co/KcvuQKuLg5
— Yi He (@heyibinance) November 12, 2026
Can Binance Get Any of the Stolen Money Back?
About $2.8 billion of the stolen crypto had been frozen as of November 3, Chainalysis said. Frozen funds are not the same as recovered funds.
Withdrawals reopened in phases on November 1, and roughly $2 billion moved within hours. Binance’s previous zero-knowledge check, on an October 31 snapshot, covered 10 major tokens, including Bitcoin (BTC) and Ethereum (ETH).
The theft is about four times larger than the $1.5 billion Bybit hack in 2025. It also drives most of this year’s hack losses, which have now passed crypto’s on-chain revenue. The pending proof will be the first independent test of Binance’s claim.
106
SafePal Data Breach Victims Are Now Getting Scam Letters at HomeScammers are mailing fake SafePal letters to Italian customers’ homes, using names, addresses and order details leaked in a breach that exposed nearly 40,000 buyers of the company’s crypto hardware wallets.
SafePal says its wallets remain secure. The letters target owners instead. Anyone who enters a wallet’s recovery phrase, the backup words that rebuild it on any device, into a fake site hands over every coin it holds.
How the Fake SafePal Letters Work
The letters claim the recipient’s wallet has a firmware flaw, meaning a problem in the software built into the device.
Clienti italiani di @SafePal stanno ricevendo lettere fisiche molto credibili, con i dati corretti e un link personalizzato. Si tratta di un tentativo di phishing. Qui i dettagli: https://t.co/YzHzcLU4OQ
— Criptovaluta.it (@CriptovalutaI) November 12, 2026
A QR code opens a fake SafePal site hosted on Arweave, a network built to store files permanently. Both the letter and the site show the customer’s real name, address and order details.
SafePal confirmed the scam on X on Thursday and linked it to its August data incident.
“These letters are NOT from SafePal, and wallet infrastructure remains secure. SafePal will never send physical letters or ask for seed phrases,” the team confirmed.
It asked recipients to report letters on its scam-protection page, with the QR code visible so the site can be taken down.
Why Leaked Home Address Keep Paying Off for Scammers
SafePal disclosed on August 16 that a flaw in an order-tracking plug-in exposed orders placed by 39,798 customers between March 2025 and April 2026.
Names, emails, addresses, phone numbers and purchase details leaked. Recovery phrases, private keys and card numbers did not, the company says.
BeInCrypto warned at the time that the SafePal breach exposed addresses, which do not expire.
Ledger customers have seen this before. Its 2020 breach leaked postal addresses of about 272,000 users, and fake Ledger letters arrived in 2025.
Trezor’s shipping partner leaked 13,689 customer records in August. Neither Trezor nor SafePal has reported a breach of the wallets themselves.
SafePal Data Breach Victims Are Now Getting Scam Letters at Home
Scammers are mailing fake SafePal letters to Italian customers’ homes, using names, addresses and order details leaked in a breach that exposed nearly 40,000 buyers of the company’s crypto hardware wallets.
SafePal says its wallets remain secure. The letters target owners instead. Anyone who enters a wallet’s recovery phrase, the backup words that rebuild it on any device, into a fake site hands over every coin it holds.
How the Fake SafePal Letters Work
The letters claim the recipient’s wallet has a firmware flaw, meaning a problem in the software built into the device.
Clienti italiani di @SafePal stanno ricevendo lettere fisiche molto credibili, con i dati corretti e un link personalizzato. Si tratta di un tentativo di phishing. Qui i dettagli: https://t.co/YzHzcLU4OQ
— Criptovaluta.it (@CriptovalutaI) November 12, 2026
A QR code opens a fake SafePal site hosted on Arweave, a network built to store files permanently. Both the letter and the site show the customer’s real name, address and order details.
SafePal confirmed the scam on X on Thursday and linked it to its August data incident.
“These letters are NOT from SafePal, and wallet infrastructure remains secure. SafePal will never send physical letters or ask for seed phrases,” the team confirmed.
It asked recipients to report letters on its scam-protection page, with the QR code visible so the site can be taken down.
Why Leaked Home Address Keep Paying Off for Scammers
SafePal disclosed on August 16 that a flaw in an order-tracking plug-in exposed orders placed by 39,798 customers between March 2025 and April 2026.
Names, emails, addresses, phone numbers and purchase details leaked. Recovery phrases, private keys and card numbers did not, the company says.
BeInCrypto warned at the time that the SafePal breach exposed addresses, which do not expire.
Ledger customers have seen this before. Its 2020 breach leaked postal addresses of about 272,000 users, and fake Ledger letters arrived in 2025.
Trezor’s shipping partner leaked 13,689 customer records in August. Neither Trezor nor SafePal has reported a breach of the wallets themselves.
SafePal says its wallets remain secure. The letters target owners instead. Anyone who enters a wallet’s recovery phrase, the backup words that rebuild it on any device, into a fake site hands over every coin it holds.
How the Fake SafePal Letters Work
The letters claim the recipient’s wallet has a firmware flaw, meaning a problem in the software built into the device.
Clienti italiani di @SafePal stanno ricevendo lettere fisiche molto credibili, con i dati corretti e un link personalizzato. Si tratta di un tentativo di phishing. Qui i dettagli: https://t.co/YzHzcLU4OQ
— Criptovaluta.it (@CriptovalutaI) November 12, 2026
A QR code opens a fake SafePal site hosted on Arweave, a network built to store files permanently. Both the letter and the site show the customer’s real name, address and order details.
SafePal confirmed the scam on X on Thursday and linked it to its August data incident.
“These letters are NOT from SafePal, and wallet infrastructure remains secure. SafePal will never send physical letters or ask for seed phrases,” the team confirmed.
It asked recipients to report letters on its scam-protection page, with the QR code visible so the site can be taken down.
Why Leaked Home Address Keep Paying Off for Scammers
SafePal disclosed on August 16 that a flaw in an order-tracking plug-in exposed orders placed by 39,798 customers between March 2025 and April 2026.
Names, emails, addresses, phone numbers and purchase details leaked. Recovery phrases, private keys and card numbers did not, the company says.
BeInCrypto warned at the time that the SafePal breach exposed addresses, which do not expire.
Ledger customers have seen this before. Its 2020 breach leaked postal addresses of about 272,000 users, and fake Ledger letters arrived in 2025.
Trezor’s shipping partner leaked 13,689 customer records in August. Neither Trezor nor SafePal has reported a breach of the wallets themselves.
42
Kalshi Drops Trump Jr. as Adviser Days After Senators Flagged His TiesKalshi has ended Donald Trump Jr.’s adviser contract, a company spokesperson told Reuters Thursday. The exit came two days after two US senators publicly flagged his financial ties to prediction markets.
Kalshi, a US-regulated platform where people trade on real-world outcomes, gave no reason. The stake behind the role, however, sits inside a far bigger company now.
Why Senators Were Asking About Trump Jr.
Trump Jr. received about $300,000 in shares when Kalshi was worth under $2 billion. The startup later raised at $22 billion and held talks near $40 billion. Initial reports did not say whether he keeps the shares.
Kalshi’s valuation since Trump Jr. received about $300,000 in shares. Source: Financial Times via New York Post. Chart: BeInCrypto
On Nov. 10, Senators Elizabeth Warren and Jeff Merkley pressed the White House over a former staffer’s Kalshi bets.
In August, the Commodity Futures Trading Commission (CFTC), the federal regulator for these markets, fined ex-teleprompter operator Gabriel Perez $172,000. The agency said he traded on Trump’s speech wording before delivery. Kalshi helped the probe.
The senators then turned to the president’s family.
“Donald Trump Jr. has held advisory roles and financial interests connected to prediction-market platforms, raising questions about the need for strong ethics safeguards and confidence in impartial federal oversight,” Senator Warren wrote.
They want White House answers by Nov. 23.
Is Trump Jr. Leaving Prediction Markets Altogether?
No. He still advises Polymarket, Kalshi’s main rival. He joined its advisory board in August 2025, when his firm 1789 Capital invested. BeInCrypto earlier reported he profits from both sides of that rivalry.
His Kalshi role began with praise for the platform’s 2024 election-night call.
“…my family and close friends used the prediction market Kalshi to know we won hours ahead of the fake news media.”
The FT reported a light regulatory touch for Kalshi under Trump appointees. In May 2025, the CFTC dropped its appeal against Kalshi’s election contracts. The agency has since sued states over their gambling laws.
Kalshi’s exit leaves his Polymarket seat in place as the Nov. 23 deadline nears.
Kalshi Drops Trump Jr. as Adviser Days After Senators Flagged His Ties
Kalshi has ended Donald Trump Jr.’s adviser contract, a company spokesperson told Reuters Thursday. The exit came two days after two US senators publicly flagged his financial ties to prediction markets.
Kalshi, a US-regulated platform where people trade on real-world outcomes, gave no reason. The stake behind the role, however, sits inside a far bigger company now.
Why Senators Were Asking About Trump Jr.
Trump Jr. received about $300,000 in shares when Kalshi was worth under $2 billion. The startup later raised at $22 billion and held talks near $40 billion. Initial reports did not say whether he keeps the shares.
Kalshi’s valuation since Trump Jr. received about $300,000 in shares. Source: Financial Times via New York Post. Chart: BeInCrypto
On Nov. 10, Senators Elizabeth Warren and Jeff Merkley pressed the White House over a former staffer’s Kalshi bets.
In August, the Commodity Futures Trading Commission (CFTC), the federal regulator for these markets, fined ex-teleprompter operator Gabriel Perez $172,000. The agency said he traded on Trump’s speech wording before delivery. Kalshi helped the probe.
The senators then turned to the president’s family.
“Donald Trump Jr. has held advisory roles and financial interests connected to prediction-market platforms, raising questions about the need for strong ethics safeguards and confidence in impartial federal oversight,” Senator Warren wrote.
They want White House answers by Nov. 23.
Is Trump Jr. Leaving Prediction Markets Altogether?
No. He still advises Polymarket, Kalshi’s main rival. He joined its advisory board in August 2025, when his firm 1789 Capital invested. BeInCrypto earlier reported he profits from both sides of that rivalry.
His Kalshi role began with praise for the platform’s 2024 election-night call.
“…my family and close friends used the prediction market Kalshi to know we won hours ahead of the fake news media.”
The FT reported a light regulatory touch for Kalshi under Trump appointees. In May 2025, the CFTC dropped its appeal against Kalshi’s election contracts. The agency has since sued states over their gambling laws.
Kalshi’s exit leaves his Polymarket seat in place as the Nov. 23 deadline nears.
Kalshi, a US-regulated platform where people trade on real-world outcomes, gave no reason. The stake behind the role, however, sits inside a far bigger company now.
Why Senators Were Asking About Trump Jr.
Trump Jr. received about $300,000 in shares when Kalshi was worth under $2 billion. The startup later raised at $22 billion and held talks near $40 billion. Initial reports did not say whether he keeps the shares.
Kalshi’s valuation since Trump Jr. received about $300,000 in shares. Source: Financial Times via New York Post. Chart: BeInCrypto
On Nov. 10, Senators Elizabeth Warren and Jeff Merkley pressed the White House over a former staffer’s Kalshi bets.
In August, the Commodity Futures Trading Commission (CFTC), the federal regulator for these markets, fined ex-teleprompter operator Gabriel Perez $172,000. The agency said he traded on Trump’s speech wording before delivery. Kalshi helped the probe.
The senators then turned to the president’s family.
“Donald Trump Jr. has held advisory roles and financial interests connected to prediction-market platforms, raising questions about the need for strong ethics safeguards and confidence in impartial federal oversight,” Senator Warren wrote.
They want White House answers by Nov. 23.
Is Trump Jr. Leaving Prediction Markets Altogether?
No. He still advises Polymarket, Kalshi’s main rival. He joined its advisory board in August 2025, when his firm 1789 Capital invested. BeInCrypto earlier reported he profits from both sides of that rivalry.
His Kalshi role began with praise for the platform’s 2024 election-night call.
“…my family and close friends used the prediction market Kalshi to know we won hours ahead of the fake news media.”
The FT reported a light regulatory touch for Kalshi under Trump appointees. In May 2025, the CFTC dropped its appeal against Kalshi’s election contracts. The agency has since sued states over their gambling laws.
Kalshi’s exit leaves his Polymarket seat in place as the Nov. 23 deadline nears.
32
What Happens to the AI Boom Now That Nvidia CEO Jensen Huang Is Gone?Now that Nvidia CEO Jensen Huang, the man whose chips powered the AI boom, has resigned, investors are left asking whether the boom can survive without him. Nvidia shares sank more than 10% on Thursday.
Nvidia reports earnings in five days without him. The 10 biggest US companies make up 36% to 40% of the S&P 500, so an AI selloff reaches millions of American retirement funds.
The cracks started before he quit. Nvidia entered a bear market, down 20% from its peak, on November 9.
How Far Have the AI Boom’s Biggest Winners Fallen?
Huang resigned from Nvidia Thursday after admitting an affair with a woman US officials suspect is a Chinese spy.
His exit adds a risk of its own. Like Intel in 2018, Nvidia has handed the top job to its finance chief as interim CEO.
Intel stock then lost 11.7% that year, while the S&P 500 gained 6.8%.
On November 5, after Democrats swept the midterms, the S&P 500 lost about $3 trillion in a day. The Nasdaq 100 fell 6.36% in that day’s crash.
CoreWeave now sits 55.96% below its 2026 high, and Oracle is down 47.89%.
AI boom stocks since February 2026, showing Nvidia, CoreWeave, Oracle and Nebius drops from their peaks, Source: Bull Theory/BeInCrypto Who Is Paying for the AI Boom?
Amazon, Microsoft, Alphabet, Meta and Oracle are expected to spend $660 billion on AI infrastructure this year. That is 60% more than in 2025, FactSet and Goldman Sachs estimates show.
Hyperscaler capex by year, 2022 to 2027 consensus, showing the AI boom spending climb, Source: FactSet, Goldman Sachs Global Investment Research
Anthropic’s IPO filing shows about $895.4 billion in data-center commitments through 2045, Fortune reported.
Some of that money moves in a circle. Broadcom can lend Anthropic up to $42 billion to pay rent on computing power, much of it Broadcom hardware. Broadcom is the supplier, the lender and a possible future shareholder.
Nvidia sits at the center of that circle, a Bloomberg map of AI deals shows. It invests in, sells to or buys from OpenAI, Anthropic, CoreWeave and others.
Nvidia sits at the center of the AI industry’s circular deals. Source: Bloomberg
That is why Huang’s exit could matter beyond Nvidia. Investor and analyst Nic Puckrin says Huang negotiated nearly all of those deals. He asks whether a successor could build similar ones.
“Replacing Jensen as CEO of Nvidia could backfire on the ENTIRE AI boom. Why? Because of this chart. Jensen has been one of the biggest architects of circular financing. This has been propping up those valuations and nearly all of these deals were negotiated by him. Would a successor be able to engineer similar structures? And does uncertainty with Nvidia’s direction call into question this broader gambit?”
Columbia professor Stijn Van Nieuwerburgh named the catch.
“Supplier financing supports construction; ultimately, paying for it requires revenue from end customers.”
CoreWeave’s bonds due 2032 yield above 16%, Bull Theory says.
Is the AI Boom a Bubble or a Buying Chance?
Market research account Bull Theory called the bubble early in February. Its new scorecard rates six of eight warning signs “late,” though it still sees the peak in 2027 or 2028.
AI bubble scorecard, February 2026 vs now, 2 early and 6 late, Source: Bull Theory
The S&P 500’s cyclically adjusted price-to-earnings (CAPE) ratio, which compares prices with 10 years of profits, is near 40. The 2000 record was 44.2.
Borrowing to buy stocks has stalled. Margin debt, the money investors borrow from brokers, was $1.48 trillion in September, FINRA data shows. That is below June’s record of $1.502 trillion.
Margin debt has not set a new high since June. Source: FINRA
Cheap money has gone, too. Hotter-than-expected October inflation pushed the 10-year Treasury yield back to about 5%. Now, CME FedWatch odds stand over 90% for a December Fed hike.
Buyers have not walked away. Anthropic aims to raise up to $64.4 billion next week at a valuation of up to $1.4 trillion.
AMD stock climbed 40% from its November 5 low.
The S&P 500 still sits 2.5% from a record high.
Where Would the Money Go if AI Stocks Crack?
When the dot-com bubble burst, the Nasdaq fell about 78% from March 2000 to October 2002. Bonds rallied as the Fed cut rates, and gold began a decade-long climb.
Bull Theory argues gold, bonds and Bitcoin (BTC) could catch the money. Gold sits 25.67% below its January record, and BTC is down 16.76% this year.
“…crypto doesn’t carry the bubble risk tech carries now…If AI stocks crack and the Fed is forced to cut rates, money will look for assets that have already corrected and still have a growth story. Crypto fits both.”
Gold advocate Peter Schiff argued last week that Bitcoin, not AI, is the real bubble risk.
What happens to the AI boom without Huang? On the evidence, it does not end with him. However, his exit raises the stakes for three dates:
What Happens to the AI Boom Now That Nvidia CEO Jensen Huang Is Gone?
Now that Nvidia CEO Jensen Huang, the man whose chips powered the AI boom, has resigned, investors are left asking whether the boom can survive without him. Nvidia shares sank more than 10% on Thursday.
Nvidia reports earnings in five days without him. The 10 biggest US companies make up 36% to 40% of the S&P 500, so an AI selloff reaches millions of American retirement funds.
The cracks started before he quit. Nvidia entered a bear market, down 20% from its peak, on November 9.
How Far Have the AI Boom’s Biggest Winners Fallen?
Huang resigned from Nvidia Thursday after admitting an affair with a woman US officials suspect is a Chinese spy.
His exit adds a risk of its own. Like Intel in 2018, Nvidia has handed the top job to its finance chief as interim CEO.
Intel stock then lost 11.7% that year, while the S&P 500 gained 6.8%.
On November 5, after Democrats swept the midterms, the S&P 500 lost about $3 trillion in a day. The Nasdaq 100 fell 6.36% in that day’s crash.
CoreWeave now sits 55.96% below its 2026 high, and Oracle is down 47.89%.
AI boom stocks since February 2026, showing Nvidia, CoreWeave, Oracle and Nebius drops from their peaks, Source: Bull Theory/BeInCrypto Who Is Paying for the AI Boom?
Amazon, Microsoft, Alphabet, Meta and Oracle are expected to spend $660 billion on AI infrastructure this year. That is 60% more than in 2025, FactSet and Goldman Sachs estimates show.
Hyperscaler capex by year, 2022 to 2027 consensus, showing the AI boom spending climb, Source: FactSet, Goldman Sachs Global Investment Research
Anthropic’s IPO filing shows about $895.4 billion in data-center commitments through 2045, Fortune reported.
Some of that money moves in a circle. Broadcom can lend Anthropic up to $42 billion to pay rent on computing power, much of it Broadcom hardware. Broadcom is the supplier, the lender and a possible future shareholder.
Nvidia sits at the center of that circle, a Bloomberg map of AI deals shows. It invests in, sells to or buys from OpenAI, Anthropic, CoreWeave and others.
Nvidia sits at the center of the AI industry’s circular deals. Source: Bloomberg
That is why Huang’s exit could matter beyond Nvidia. Investor and analyst Nic Puckrin says Huang negotiated nearly all of those deals. He asks whether a successor could build similar ones.
“Replacing Jensen as CEO of Nvidia could backfire on the ENTIRE AI boom. Why? Because of this chart. Jensen has been one of the biggest architects of circular financing. This has been propping up those valuations and nearly all of these deals were negotiated by him. Would a successor be able to engineer similar structures? And does uncertainty with Nvidia’s direction call into question this broader gambit?”
Columbia professor Stijn Van Nieuwerburgh named the catch.
“Supplier financing supports construction; ultimately, paying for it requires revenue from end customers.”
CoreWeave’s bonds due 2032 yield above 16%, Bull Theory says.
Is the AI Boom a Bubble or a Buying Chance?
Market research account Bull Theory called the bubble early in February. Its new scorecard rates six of eight warning signs “late,” though it still sees the peak in 2027 or 2028.
AI bubble scorecard, February 2026 vs now, 2 early and 6 late, Source: Bull Theory
The S&P 500’s cyclically adjusted price-to-earnings (CAPE) ratio, which compares prices with 10 years of profits, is near 40. The 2000 record was 44.2.
Borrowing to buy stocks has stalled. Margin debt, the money investors borrow from brokers, was $1.48 trillion in September, FINRA data shows. That is below June’s record of $1.502 trillion.
Margin debt has not set a new high since June. Source: FINRA
Cheap money has gone, too. Hotter-than-expected October inflation pushed the 10-year Treasury yield back to about 5%. Now, CME FedWatch odds stand over 90% for a December Fed hike.
Buyers have not walked away. Anthropic aims to raise up to $64.4 billion next week at a valuation of up to $1.4 trillion.
AMD stock climbed 40% from its November 5 low.
The S&P 500 still sits 2.5% from a record high.
Where Would the Money Go if AI Stocks Crack?
When the dot-com bubble burst, the Nasdaq fell about 78% from March 2000 to October 2002. Bonds rallied as the Fed cut rates, and gold began a decade-long climb.
Bull Theory argues gold, bonds and Bitcoin (BTC) could catch the money. Gold sits 25.67% below its January record, and BTC is down 16.76% this year.
“…crypto doesn’t carry the bubble risk tech carries now…If AI stocks crack and the Fed is forced to cut rates, money will look for assets that have already corrected and still have a growth story. Crypto fits both.”
Gold advocate Peter Schiff argued last week that Bitcoin, not AI, is the real bubble risk.
What happens to the AI boom without Huang? On the evidence, it does not end with him. However, his exit raises the stakes for three dates:
Nvidia reports earnings in five days without him. The 10 biggest US companies make up 36% to 40% of the S&P 500, so an AI selloff reaches millions of American retirement funds.
The cracks started before he quit. Nvidia entered a bear market, down 20% from its peak, on November 9.
How Far Have the AI Boom’s Biggest Winners Fallen?
Huang resigned from Nvidia Thursday after admitting an affair with a woman US officials suspect is a Chinese spy.
His exit adds a risk of its own. Like Intel in 2018, Nvidia has handed the top job to its finance chief as interim CEO.
Intel stock then lost 11.7% that year, while the S&P 500 gained 6.8%.
On November 5, after Democrats swept the midterms, the S&P 500 lost about $3 trillion in a day. The Nasdaq 100 fell 6.36% in that day’s crash.
CoreWeave now sits 55.96% below its 2026 high, and Oracle is down 47.89%.
AI boom stocks since February 2026, showing Nvidia, CoreWeave, Oracle and Nebius drops from their peaks, Source: Bull Theory/BeInCrypto Who Is Paying for the AI Boom?
Amazon, Microsoft, Alphabet, Meta and Oracle are expected to spend $660 billion on AI infrastructure this year. That is 60% more than in 2025, FactSet and Goldman Sachs estimates show.
Hyperscaler capex by year, 2022 to 2027 consensus, showing the AI boom spending climb, Source: FactSet, Goldman Sachs Global Investment Research
Anthropic’s IPO filing shows about $895.4 billion in data-center commitments through 2045, Fortune reported.
Some of that money moves in a circle. Broadcom can lend Anthropic up to $42 billion to pay rent on computing power, much of it Broadcom hardware. Broadcom is the supplier, the lender and a possible future shareholder.
Nvidia sits at the center of that circle, a Bloomberg map of AI deals shows. It invests in, sells to or buys from OpenAI, Anthropic, CoreWeave and others.
Nvidia sits at the center of the AI industry’s circular deals. Source: Bloomberg
That is why Huang’s exit could matter beyond Nvidia. Investor and analyst Nic Puckrin says Huang negotiated nearly all of those deals. He asks whether a successor could build similar ones.
“Replacing Jensen as CEO of Nvidia could backfire on the ENTIRE AI boom. Why? Because of this chart. Jensen has been one of the biggest architects of circular financing. This has been propping up those valuations and nearly all of these deals were negotiated by him. Would a successor be able to engineer similar structures? And does uncertainty with Nvidia’s direction call into question this broader gambit?”
Columbia professor Stijn Van Nieuwerburgh named the catch.
“Supplier financing supports construction; ultimately, paying for it requires revenue from end customers.”
CoreWeave’s bonds due 2032 yield above 16%, Bull Theory says.
Is the AI Boom a Bubble or a Buying Chance?
Market research account Bull Theory called the bubble early in February. Its new scorecard rates six of eight warning signs “late,” though it still sees the peak in 2027 or 2028.
AI bubble scorecard, February 2026 vs now, 2 early and 6 late, Source: Bull Theory
The S&P 500’s cyclically adjusted price-to-earnings (CAPE) ratio, which compares prices with 10 years of profits, is near 40. The 2000 record was 44.2.
Borrowing to buy stocks has stalled. Margin debt, the money investors borrow from brokers, was $1.48 trillion in September, FINRA data shows. That is below June’s record of $1.502 trillion.
Margin debt has not set a new high since June. Source: FINRA
Cheap money has gone, too. Hotter-than-expected October inflation pushed the 10-year Treasury yield back to about 5%. Now, CME FedWatch odds stand over 90% for a December Fed hike.
Buyers have not walked away. Anthropic aims to raise up to $64.4 billion next week at a valuation of up to $1.4 trillion.
AMD stock climbed 40% from its November 5 low.
The S&P 500 still sits 2.5% from a record high.
Where Would the Money Go if AI Stocks Crack?
When the dot-com bubble burst, the Nasdaq fell about 78% from March 2000 to October 2002. Bonds rallied as the Fed cut rates, and gold began a decade-long climb.
Bull Theory argues gold, bonds and Bitcoin (BTC) could catch the money. Gold sits 25.67% below its January record, and BTC is down 16.76% this year.
“…crypto doesn’t carry the bubble risk tech carries now…If AI stocks crack and the Fed is forced to cut rates, money will look for assets that have already corrected and still have a growth story. Crypto fits both.”
Gold advocate Peter Schiff argued last week that Bitcoin, not AI, is the real bubble risk.
What happens to the AI boom without Huang? On the evidence, it does not end with him. However, his exit raises the stakes for three dates:
244
Charles Hoskinson Says Buy This Stock As Neoclouds Suffer Nvidia's CrisisNebius shares fell 19% and CoreWeave lost 12% on Thursday after Jensen Huang resigned as Nvidia CEO. Cardano founder Charles Hoskinson says one stock stands to gain.
Both firms rent out AI computing power built on Nvidia chips, a group investors call neoclouds. Their shareholders now depend on a supplier run by an interim chief.
Hoskinson Says Nvidia Picked a CFO Over an Engineer
Nvidia announced that Chief Financial Officer Colette Kress will serve as interim CEO. She joined the company in 2013.
Charles Hoskinson, founder of the Cardano blockchain and CEO of Input Output, made his call in a post.
“Nvidia just replaced a visionary engineer founder with a CFO. Buy AMD stock,” Hoskinson stated.
Kress keeps the CFO job for now. The board says it will weigh internal and external candidates for the permanent role.
AMD was already moving before Huang left Nvidia. BeInCrypto reported the stock had climbed 40% from its November 5 low, putting AMD’s $600 target in view.
AMD rose about 3% and Broadcom gained as much as 6% Thursday morning.
AMD Stock Performance. Source: Yahoo Finance Not All of Nebius’s Drop Came From Nvidia
Nebius released quarterly results the same day. It said 2026 revenue will land at the low end of its $3 billion to $3.4 billion forecast.
The company blamed third-party capacity slipping into early 2027, according to its shareholder letter. It also raised planned 2026 spending to about $27 billion, up from $20 billion to $25 billion.
Across the group, the Roundhill Neocloud ETF fell more than 12% before the opening bell. IREN dropped about 8%.
The neoclouds are really going to miss Jensen running $NVDA: • $NBIS -21%• $CRWV -12%• $IREN -11%• $WYFI -9%• $GLXY -8%• $CIFR -6%
— Shay Boloor (@StockSavvyShay) November 12, 2026
These companies were already facing rising AI debt costs as Treasury yields topped 5%. Nvidia reports quarterly results on November 17, its first under Kress.
Charles Hoskinson Says Buy This Stock As Neoclouds Suffer Nvidia's Crisis
Nebius shares fell 19% and CoreWeave lost 12% on Thursday after Jensen Huang resigned as Nvidia CEO. Cardano founder Charles Hoskinson says one stock stands to gain.
Both firms rent out AI computing power built on Nvidia chips, a group investors call neoclouds. Their shareholders now depend on a supplier run by an interim chief.
Hoskinson Says Nvidia Picked a CFO Over an Engineer
Nvidia announced that Chief Financial Officer Colette Kress will serve as interim CEO. She joined the company in 2013.
Charles Hoskinson, founder of the Cardano blockchain and CEO of Input Output, made his call in a post.
“Nvidia just replaced a visionary engineer founder with a CFO. Buy AMD stock,” Hoskinson stated.
Kress keeps the CFO job for now. The board says it will weigh internal and external candidates for the permanent role.
AMD was already moving before Huang left Nvidia. BeInCrypto reported the stock had climbed 40% from its November 5 low, putting AMD’s $600 target in view.
AMD rose about 3% and Broadcom gained as much as 6% Thursday morning.
AMD Stock Performance. Source: Yahoo Finance Not All of Nebius’s Drop Came From Nvidia
Nebius released quarterly results the same day. It said 2026 revenue will land at the low end of its $3 billion to $3.4 billion forecast.
The company blamed third-party capacity slipping into early 2027, according to its shareholder letter. It also raised planned 2026 spending to about $27 billion, up from $20 billion to $25 billion.
Across the group, the Roundhill Neocloud ETF fell more than 12% before the opening bell. IREN dropped about 8%.
The neoclouds are really going to miss Jensen running $NVDA: • $NBIS -21%• $CRWV -12%• $IREN -11%• $WYFI -9%• $GLXY -8%• $CIFR -6%
— Shay Boloor (@StockSavvyShay) November 12, 2026
These companies were already facing rising AI debt costs as Treasury yields topped 5%. Nvidia reports quarterly results on November 17, its first under Kress.
Both firms rent out AI computing power built on Nvidia chips, a group investors call neoclouds. Their shareholders now depend on a supplier run by an interim chief.
Hoskinson Says Nvidia Picked a CFO Over an Engineer
Nvidia announced that Chief Financial Officer Colette Kress will serve as interim CEO. She joined the company in 2013.
Charles Hoskinson, founder of the Cardano blockchain and CEO of Input Output, made his call in a post.
“Nvidia just replaced a visionary engineer founder with a CFO. Buy AMD stock,” Hoskinson stated.
Kress keeps the CFO job for now. The board says it will weigh internal and external candidates for the permanent role.
AMD was already moving before Huang left Nvidia. BeInCrypto reported the stock had climbed 40% from its November 5 low, putting AMD’s $600 target in view.
AMD rose about 3% and Broadcom gained as much as 6% Thursday morning.
AMD Stock Performance. Source: Yahoo Finance Not All of Nebius’s Drop Came From Nvidia
Nebius released quarterly results the same day. It said 2026 revenue will land at the low end of its $3 billion to $3.4 billion forecast.
The company blamed third-party capacity slipping into early 2027, according to its shareholder letter. It also raised planned 2026 spending to about $27 billion, up from $20 billion to $25 billion.
Across the group, the Roundhill Neocloud ETF fell more than 12% before the opening bell. IREN dropped about 8%.
The neoclouds are really going to miss Jensen running $NVDA: • $NBIS -21%• $CRWV -12%• $IREN -11%• $WYFI -9%• $GLXY -8%• $CIFR -6%
— Shay Boloor (@StockSavvyShay) November 12, 2026
These companies were already facing rising AI debt costs as Treasury yields topped 5%. Nvidia reports quarterly results on November 17, its first under Kress.
282
Can AMD Stock Hit $600? The Bull Case and the Risks to WatchAMD stock has climbed 40% from its November 5 low in the same week Nvidia lost its founder and CEO. Jensen Huang resigned on Thursday as Nvidia shares slid more than 18% from their recent peak.
AMD now trades about 15% below its all-time high, with $600 as the next big test. Three developments explain the move and what could come next.
1. Nvidia Just Lost the Face of the AI Boom
On November 8, Nvidia’s board opened a probe into Huang’s relationship with an alleged Chinese operative. A second affair report followed three days later.
On Thursday, Huang resigned from Nvidia after 33 years. CFO Colette Kress is now interim CEO while the board searches for a permanent replacement.
Investors have moved fast. Nvidia fell from $196.25 to about $160 on Thursday, an 18% drop. Roughly 7% of that came after the resignation reports.
AMD, the most direct alternative to Nvidia’s GPUs, has taken the other side of that trade.
AMD vs NVDA Price Performance. Source: TradingView 2. Nvidia’s CUDA Moat Is Showing Cracks
CUDA (Compute Unified Device Architecture) is Nvidia’s proprietary software platform. For years, it has made moving AI workloads to rival chips slow and costly.
Investor Marcelo P. Lima argues that barrier just broke.
“The Nvidia CUDA moat is gone. Anthropic sees all compute as fungible and it only took Mythos 3 days to figure out how to run itself on AMD hardware,” Marcelo P. Lima, posted on X
Chart on time to onboard AMD GPUs, AMD stock catalyst, Source: Marcelo P. Lima
The chart attached to his post describes a narrower result. Claude Mythos Preview, Anthropic’s restricted-access frontier model, took about three days to bring up prompt processing for one Anthropic model on AMD MI355X GPUs.
Using traditional engineering, the same work historically took six to 12 months.
That is one workload, not a full migration. Still, if porting times keep shrinking, the switching costs that protected Nvidia’s pricing power could weaken.
3. The AMD Stock Chart Has Turned Bullish
Fibonacci retracement levels mark likely support and resistance zones using ratios of a prior price move. On AMD’s chart, they are drawn from the October 6 high to the November 5 low.
AMD has already reclaimed the 0.618 level at $545, which now acts as support. The stock is trading around $562 at the time of writing.
The next hurdle is the 0.786 level at $592. It sits just below the $600 psychological mark, which also matches Oppenheimer’s price target.
A clean break above that zone would put the October record of $658 back in play.
AMD Price Analysis. Source: TradingView
On the downside, the 0.5 level at $514 is the line to watch. A close below it would invalidate the bullish setup.
What Could Stall the AMD Stock Rally?
The rally still faces four real tests.
Nvidia earnings on November 17. A strong first report under Kress could pull money back toward the market leader.
A credible permanent CEO. Nvidia’s board is weighing internal and external candidates, and a strong pick could slow the rotation.
Valuation. A Motley Fool analysis argued that AMD stock remains expensive. Even if AMD hits its 2027 growth targets, its valuation would still sit above where Nvidia trades today.
A break below $514. A close under the 0.5 Fibonacci level would invalidate the bullish setup.
Huang’s exit took the face of the AI boom away from Nvidia. For AMD, the rest of November depends less on the scandal and more on whether $600 breaks.
Can AMD Stock Hit $600? The Bull Case and the Risks to Watch
AMD stock has climbed 40% from its November 5 low in the same week Nvidia lost its founder and CEO. Jensen Huang resigned on Thursday as Nvidia shares slid more than 18% from their recent peak.
AMD now trades about 15% below its all-time high, with $600 as the next big test. Three developments explain the move and what could come next.
1. Nvidia Just Lost the Face of the AI Boom
On November 8, Nvidia’s board opened a probe into Huang’s relationship with an alleged Chinese operative. A second affair report followed three days later.
On Thursday, Huang resigned from Nvidia after 33 years. CFO Colette Kress is now interim CEO while the board searches for a permanent replacement.
Investors have moved fast. Nvidia fell from $196.25 to about $160 on Thursday, an 18% drop. Roughly 7% of that came after the resignation reports.
AMD, the most direct alternative to Nvidia’s GPUs, has taken the other side of that trade.
AMD vs NVDA Price Performance. Source: TradingView 2. Nvidia’s CUDA Moat Is Showing Cracks
CUDA (Compute Unified Device Architecture) is Nvidia’s proprietary software platform. For years, it has made moving AI workloads to rival chips slow and costly.
Investor Marcelo P. Lima argues that barrier just broke.
“The Nvidia CUDA moat is gone. Anthropic sees all compute as fungible and it only took Mythos 3 days to figure out how to run itself on AMD hardware,” Marcelo P. Lima, posted on X
Chart on time to onboard AMD GPUs, AMD stock catalyst, Source: Marcelo P. Lima
The chart attached to his post describes a narrower result. Claude Mythos Preview, Anthropic’s restricted-access frontier model, took about three days to bring up prompt processing for one Anthropic model on AMD MI355X GPUs.
Using traditional engineering, the same work historically took six to 12 months.
That is one workload, not a full migration. Still, if porting times keep shrinking, the switching costs that protected Nvidia’s pricing power could weaken.
3. The AMD Stock Chart Has Turned Bullish
Fibonacci retracement levels mark likely support and resistance zones using ratios of a prior price move. On AMD’s chart, they are drawn from the October 6 high to the November 5 low.
AMD has already reclaimed the 0.618 level at $545, which now acts as support. The stock is trading around $562 at the time of writing.
The next hurdle is the 0.786 level at $592. It sits just below the $600 psychological mark, which also matches Oppenheimer’s price target.
A clean break above that zone would put the October record of $658 back in play.
AMD Price Analysis. Source: TradingView
On the downside, the 0.5 level at $514 is the line to watch. A close below it would invalidate the bullish setup.
What Could Stall the AMD Stock Rally?
The rally still faces four real tests.
Nvidia earnings on November 17. A strong first report under Kress could pull money back toward the market leader.
A credible permanent CEO. Nvidia’s board is weighing internal and external candidates, and a strong pick could slow the rotation.
Valuation. A Motley Fool analysis argued that AMD stock remains expensive. Even if AMD hits its 2027 growth targets, its valuation would still sit above where Nvidia trades today.
A break below $514. A close under the 0.5 Fibonacci level would invalidate the bullish setup.
Huang’s exit took the face of the AI boom away from Nvidia. For AMD, the rest of November depends less on the scandal and more on whether $600 breaks.
AMD now trades about 15% below its all-time high, with $600 as the next big test. Three developments explain the move and what could come next.
1. Nvidia Just Lost the Face of the AI Boom
On November 8, Nvidia’s board opened a probe into Huang’s relationship with an alleged Chinese operative. A second affair report followed three days later.
On Thursday, Huang resigned from Nvidia after 33 years. CFO Colette Kress is now interim CEO while the board searches for a permanent replacement.
Investors have moved fast. Nvidia fell from $196.25 to about $160 on Thursday, an 18% drop. Roughly 7% of that came after the resignation reports.
AMD, the most direct alternative to Nvidia’s GPUs, has taken the other side of that trade.
AMD vs NVDA Price Performance. Source: TradingView 2. Nvidia’s CUDA Moat Is Showing Cracks
CUDA (Compute Unified Device Architecture) is Nvidia’s proprietary software platform. For years, it has made moving AI workloads to rival chips slow and costly.
Investor Marcelo P. Lima argues that barrier just broke.
“The Nvidia CUDA moat is gone. Anthropic sees all compute as fungible and it only took Mythos 3 days to figure out how to run itself on AMD hardware,” Marcelo P. Lima, posted on X
Chart on time to onboard AMD GPUs, AMD stock catalyst, Source: Marcelo P. Lima
The chart attached to his post describes a narrower result. Claude Mythos Preview, Anthropic’s restricted-access frontier model, took about three days to bring up prompt processing for one Anthropic model on AMD MI355X GPUs.
Using traditional engineering, the same work historically took six to 12 months.
That is one workload, not a full migration. Still, if porting times keep shrinking, the switching costs that protected Nvidia’s pricing power could weaken.
3. The AMD Stock Chart Has Turned Bullish
Fibonacci retracement levels mark likely support and resistance zones using ratios of a prior price move. On AMD’s chart, they are drawn from the October 6 high to the November 5 low.
AMD has already reclaimed the 0.618 level at $545, which now acts as support. The stock is trading around $562 at the time of writing.
The next hurdle is the 0.786 level at $592. It sits just below the $600 psychological mark, which also matches Oppenheimer’s price target.
A clean break above that zone would put the October record of $658 back in play.
AMD Price Analysis. Source: TradingView
On the downside, the 0.5 level at $514 is the line to watch. A close below it would invalidate the bullish setup.
What Could Stall the AMD Stock Rally?
The rally still faces four real tests.
Nvidia earnings on November 17. A strong first report under Kress could pull money back toward the market leader.
A credible permanent CEO. Nvidia’s board is weighing internal and external candidates, and a strong pick could slow the rotation.
Valuation. A Motley Fool analysis argued that AMD stock remains expensive. Even if AMD hits its 2027 growth targets, its valuation would still sit above where Nvidia trades today.
A break below $514. A close under the 0.5 Fibonacci level would invalidate the bullish setup.
Huang’s exit took the face of the AI boom away from Nvidia. For AMD, the rest of November depends less on the scandal and more on whether $600 breaks.
405
5 Shocking Facts About Colette Kress, Nvidia’s New Interim CEOJensen Huang has resigned as Nvidia CEO amid allegations involving a suspected Chinese spy. Chief Financial Officer Colette Kress has taken over as interim CEO while the company searches for a permanent replacement.
Kress has spent 13 years managing Nvidia’s finances. Her history stretches from Microsoft’s early cloud expansion to lawsuits over crypto revenue and insider stock sales.
1. Kress Was Named in Nvidia’s $5.5 Million Crypto Scandal
During the 2017 crypto boom, miners bought gaming GPUs in huge numbers. In 2022, the SEC fined Nvidia $5.5 million for failing to disclose mining’s role in revenue growth.
Separately, shareholders accused Kress of misleading investors about that demand.
A 2023 appeals court found sufficient grounds to allege her statements were misleading, but upheld the dismissal of claims against her because knowing or reckless misconduct was insufficiently alleged.
The lawsuit against Nvidia and Huang continued, with investors winning class certification in March 2026.
A U.S. federal court ruled that a lawsuit against Nvidia and CEO Jensen Huang over alleged concealment of crypto mining-related GPU revenue can proceed as a class action, covering investors between Aug. 10, 2017 and Nov. 15, 2018; plaintiffs claim Nvidia hid over $1 billion in… pic.twitter.com/fIv50rmP9J
— Wu Blockchain (@WuBlockchain) March 26, 2026
2. Helped Microsoft’s Multibillion-Dollar Expansion
Kress was finance chief of Microsoft’s Server and Tools division from 2006 to 2010.
Its revenue rose from $11.2 billion in fiscal 2007 to $14.9 billion in fiscal 2010.
Microsoft also launched Azure during her tenure, although the growth cannot be attributed to Kress alone.
3. Reported Republican Donations
The advocacy group 1792 Exchange attributes $1,600 in Republican political contributions to Kress, compared with none to Democrats.
It provides neither dates nor underlying donation records. The figure remains independently unverified and does not establish party membership.
4. Named in an AI Copyright Lawsuit
A July 2026 shareholder lawsuit named Kress among Nvidia executives accused of allowing copyrighted books, videos, and voices to be used in AI development without authorization.
These remain allegations, with no established finding of personal wrongdoing.
5. Sold $7.7 Million in Nvidia Stocks
Delaware Supreme Court records show Kress sold 36,333 Nvidia shares for $7.7 million between October 2017 and September 2018 under a trading plan.
Shareholders questioned insider sales during the disputed crypto disclosure period. The litigation cited $147 million in alleged combined insider sales.
Neither figure establishes illegal trading.
5 Shocking Facts About Colette Kress, Nvidia’s New Interim CEO
Jensen Huang has resigned as Nvidia CEO amid allegations involving a suspected Chinese spy. Chief Financial Officer Colette Kress has taken over as interim CEO while the company searches for a permanent replacement.
Kress has spent 13 years managing Nvidia’s finances. Her history stretches from Microsoft’s early cloud expansion to lawsuits over crypto revenue and insider stock sales.
1. Kress Was Named in Nvidia’s $5.5 Million Crypto Scandal
During the 2017 crypto boom, miners bought gaming GPUs in huge numbers. In 2022, the SEC fined Nvidia $5.5 million for failing to disclose mining’s role in revenue growth.
Separately, shareholders accused Kress of misleading investors about that demand.
A 2023 appeals court found sufficient grounds to allege her statements were misleading, but upheld the dismissal of claims against her because knowing or reckless misconduct was insufficiently alleged.
The lawsuit against Nvidia and Huang continued, with investors winning class certification in March 2026.
A U.S. federal court ruled that a lawsuit against Nvidia and CEO Jensen Huang over alleged concealment of crypto mining-related GPU revenue can proceed as a class action, covering investors between Aug. 10, 2017 and Nov. 15, 2018; plaintiffs claim Nvidia hid over $1 billion in… pic.twitter.com/fIv50rmP9J
— Wu Blockchain (@WuBlockchain) March 26, 2026
2. Helped Microsoft’s Multibillion-Dollar Expansion
Kress was finance chief of Microsoft’s Server and Tools division from 2006 to 2010.
Its revenue rose from $11.2 billion in fiscal 2007 to $14.9 billion in fiscal 2010.
Microsoft also launched Azure during her tenure, although the growth cannot be attributed to Kress alone.
3. Reported Republican Donations
The advocacy group 1792 Exchange attributes $1,600 in Republican political contributions to Kress, compared with none to Democrats.
It provides neither dates nor underlying donation records. The figure remains independently unverified and does not establish party membership.
4. Named in an AI Copyright Lawsuit
A July 2026 shareholder lawsuit named Kress among Nvidia executives accused of allowing copyrighted books, videos, and voices to be used in AI development without authorization.
These remain allegations, with no established finding of personal wrongdoing.
5. Sold $7.7 Million in Nvidia Stocks
Delaware Supreme Court records show Kress sold 36,333 Nvidia shares for $7.7 million between October 2017 and September 2018 under a trading plan.
Shareholders questioned insider sales during the disputed crypto disclosure period. The litigation cited $147 million in alleged combined insider sales.
Neither figure establishes illegal trading.
Kress has spent 13 years managing Nvidia’s finances. Her history stretches from Microsoft’s early cloud expansion to lawsuits over crypto revenue and insider stock sales.
1. Kress Was Named in Nvidia’s $5.5 Million Crypto Scandal
During the 2017 crypto boom, miners bought gaming GPUs in huge numbers. In 2022, the SEC fined Nvidia $5.5 million for failing to disclose mining’s role in revenue growth.
Separately, shareholders accused Kress of misleading investors about that demand.
A 2023 appeals court found sufficient grounds to allege her statements were misleading, but upheld the dismissal of claims against her because knowing or reckless misconduct was insufficiently alleged.
The lawsuit against Nvidia and Huang continued, with investors winning class certification in March 2026.
A U.S. federal court ruled that a lawsuit against Nvidia and CEO Jensen Huang over alleged concealment of crypto mining-related GPU revenue can proceed as a class action, covering investors between Aug. 10, 2017 and Nov. 15, 2018; plaintiffs claim Nvidia hid over $1 billion in… pic.twitter.com/fIv50rmP9J
— Wu Blockchain (@WuBlockchain) March 26, 2026
2. Helped Microsoft’s Multibillion-Dollar Expansion
Kress was finance chief of Microsoft’s Server and Tools division from 2006 to 2010.
Its revenue rose from $11.2 billion in fiscal 2007 to $14.9 billion in fiscal 2010.
Microsoft also launched Azure during her tenure, although the growth cannot be attributed to Kress alone.
3. Reported Republican Donations
The advocacy group 1792 Exchange attributes $1,600 in Republican political contributions to Kress, compared with none to Democrats.
It provides neither dates nor underlying donation records. The figure remains independently unverified and does not establish party membership.
4. Named in an AI Copyright Lawsuit
A July 2026 shareholder lawsuit named Kress among Nvidia executives accused of allowing copyrighted books, videos, and voices to be used in AI development without authorization.
These remain allegations, with no established finding of personal wrongdoing.
5. Sold $7.7 Million in Nvidia Stocks
Delaware Supreme Court records show Kress sold 36,333 Nvidia shares for $7.7 million between October 2017 and September 2018 under a trading plan.
Shareholders questioned insider sales during the disputed crypto disclosure period. The litigation cited $147 million in alleged combined insider sales.
Neither figure establishes illegal trading.
222
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