đ Wild Dog Midday Briefing â November 12
The Nvidia drama has already become a live trade in crypto markets. After The Wall Street Journal reported that the board was preparing to oust Jensen Huang, Nvidia perpetuals on Hyperliquid briefly plunged 10%, hitting a low of around $156. Total perpetual futures trading volume across the market surged past $4 billion, setting a record (Coinglass data). The tokenized version, NVDAx, also fell 9%, while Nvidia shares dropped more than 7% in after-hours trading. On Kalshi, the odds of Huang stepping down before November 13 jumped from 37% to 64% in just a few hours.
Hereâs the reality: the board hasnât announced any decision yetâno vote, no conclusion. But the market has already started trading the possibility of a leadership change, and itâs doing so in crypto markets. Remember that item in this morningâs briefing? The SEC had just backed the CFTC in court over its authority to regulate stock perpetuals. Washington is still arguing about it, but it has already become the fastest way to bet on a CEO stepping down.
No price predictions, no calls to buy or sell, no referral linksâjust news and analysis.
The Nvidia drama has already become a live trade in crypto markets. After The Wall Street Journal reported that the board was preparing to oust Jensen Huang, Nvidia perpetuals on Hyperliquid briefly plunged 10%, hitting a low of around $156. Total perpetual futures trading volume across the market surged past $4 billion, setting a record (Coinglass data). The tokenized version, NVDAx, also fell 9%, while Nvidia shares dropped more than 7% in after-hours trading. On Kalshi, the odds of Huang stepping down before November 13 jumped from 37% to 64% in just a few hours.
Hereâs the reality: the board hasnât announced any decision yetâno vote, no conclusion. But the market has already started trading the possibility of a leadership change, and itâs doing so in crypto markets. Remember that item in this morningâs briefing? The SEC had just backed the CFTC in court over its authority to regulate stock perpetuals. Washington is still arguing about it, but it has already become the fastest way to bet on a CEO stepping down.
No price predictions, no calls to buy or sell, no referral linksâjust news and analysis.