Full translation of Jensen Huang’s letter to all employees: Admits to being unfaithful to his wife; market plunges 2 hours later! $470 million liquidated
In the early hours of November 9, Beijing time, two events took place just 1 hour and 43 minutes apart.
【04:02 NVIDIA posts two documents on its website】
- Board statement: An independent investigation has been launched into reports that the CEO became a target of a foreign intelligence operation. It will be conducted by an independent board committee and outside counsel. The board said it “currently has no reason to believe that national security or NVIDIA confidential information has been compromised,” and expressed confidence in Jensen Huang and the management team.
- Jensen Huang’s letter to all employees: He admitted to one thing only: being unfaithful to his wife. The letter named no one, gave no details about the person’s identity or nationality, and did not say “there was no leak.” All national security questions were left to the board’s investigation.
【05:45 Crypto market begins to fall】
- For an hour and a half after the NVIDIA news broke, BTC stayed around 75,800, moving sideways without reacting.
- At 05:45, prices fell on heavy volume. At 05:55, BTC hit a one-minute low of 73,510 (down 2.9% from 05:40), while ETH hit a one-minute low of 2,060 (down 7.5%). BTC then rebounded to around 74,500.
- Binance recorded $472 million in liquidations between 08:00 on November 8 and 06:50 on November 9, Beijing time, including $453 million in long positions. Around $220 million was in ETH and $110 million in BTC. 90% occurred in the half-hour from 05:40 to 06:10, with $270 million liquidated in the single minute at 05:55. Binance’s records are a lower bound; reports put total liquidations across all exchanges at $700 million to $1 billion.
- I checked the news around the plunge: the NVIDIA news came 100 minutes earlier and drew no reaction at the time; the timing of several Iran-related statements also doesn’t line up. I couldn’t verify what triggered it. The only things I can confirm are that order books were thin on Sunday night and ETH fell first.
【Jensen Huang’s letter to all employees (full translation)】
“
I owe my family and all of you an apology.
I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry.
Throughout my life, my family has given me love and support. They deserved my honesty and loyalty. Instead, I let them down and damaged the life we built together. I take full responsibility for my actions and the hurt they caused, and I accept the criticism that follows.
To my wife and family: I love you. I know an apology cannot undo what I’ve done. I hope our family can heal, and I hope that, with time, I can earn your trust again.
To my colleagues at NVIDIA, including those who have worked alongside me for decades, as well as the board, our partners, and shareholders around the world: you deserved a better version of me. It has been the honor of my life to lead NVIDIA. My responsibility is to serve you and be worthy of your trust. I have failed in that responsibility. I will devote myself fully to NVIDIA and work to earn your confidence again.
Regarding the national security concerns raised in news reports, the NVIDIA board has launched an independent investigation. I support the investigation and will cooperate fully. I love our country and our company. I am committed to protecting NVIDIA and supporting U.S. national security. I am proud and grateful to be an American.
My family bears no responsibility for my choices. The responsibility is mine. Please give them privacy.
Jensen
”
Sources: Two documents on NVIDIA’s website dated November 8; Binance spot one-minute candlesticks; Binance futures liquidation records.
$BTC $NVDAB
#英伟达 #BTC
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In the early hours of November 9, Beijing time, two events took place just 1 hour and 43 minutes apart.
【04:02 NVIDIA posts two documents on its website】
- Board statement: An independent investigation has been launched into reports that the CEO became a target of a foreign intelligence operation. It will be conducted by an independent board committee and outside counsel. The board said it “currently has no reason to believe that national security or NVIDIA confidential information has been compromised,” and expressed confidence in Jensen Huang and the management team.
- Jensen Huang’s letter to all employees: He admitted to one thing only: being unfaithful to his wife. The letter named no one, gave no details about the person’s identity or nationality, and did not say “there was no leak.” All national security questions were left to the board’s investigation.
【05:45 Crypto market begins to fall】
- For an hour and a half after the NVIDIA news broke, BTC stayed around 75,800, moving sideways without reacting.
- At 05:45, prices fell on heavy volume. At 05:55, BTC hit a one-minute low of 73,510 (down 2.9% from 05:40), while ETH hit a one-minute low of 2,060 (down 7.5%). BTC then rebounded to around 74,500.
- Binance recorded $472 million in liquidations between 08:00 on November 8 and 06:50 on November 9, Beijing time, including $453 million in long positions. Around $220 million was in ETH and $110 million in BTC. 90% occurred in the half-hour from 05:40 to 06:10, with $270 million liquidated in the single minute at 05:55. Binance’s records are a lower bound; reports put total liquidations across all exchanges at $700 million to $1 billion.
- I checked the news around the plunge: the NVIDIA news came 100 minutes earlier and drew no reaction at the time; the timing of several Iran-related statements also doesn’t line up. I couldn’t verify what triggered it. The only things I can confirm are that order books were thin on Sunday night and ETH fell first.
【Jensen Huang’s letter to all employees (full translation)】
“
I owe my family and all of you an apology.
I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry.
Throughout my life, my family has given me love and support. They deserved my honesty and loyalty. Instead, I let them down and damaged the life we built together. I take full responsibility for my actions and the hurt they caused, and I accept the criticism that follows.
To my wife and family: I love you. I know an apology cannot undo what I’ve done. I hope our family can heal, and I hope that, with time, I can earn your trust again.
To my colleagues at NVIDIA, including those who have worked alongside me for decades, as well as the board, our partners, and shareholders around the world: you deserved a better version of me. It has been the honor of my life to lead NVIDIA. My responsibility is to serve you and be worthy of your trust. I have failed in that responsibility. I will devote myself fully to NVIDIA and work to earn your confidence again.
Regarding the national security concerns raised in news reports, the NVIDIA board has launched an independent investigation. I support the investigation and will cooperate fully. I love our country and our company. I am committed to protecting NVIDIA and supporting U.S. national security. I am proud and grateful to be an American.
My family bears no responsibility for my choices. The responsibility is mine. Please give them privacy.
Jensen
”
Sources: Two documents on NVIDIA’s website dated November 8; Binance spot one-minute candlesticks; Binance futures liquidation records.
$BTC $NVDAB
#英伟达 #BTC
Follow me for a daily market roundup every morning.
