Jokes on social media have turned their attention to Bitcoin again: On November 14, Instagram account @cryptomone.y joked that “the CLARITY Act failing” and “World War III about to break out” hadn’t made Bitcoin budge, but “Huang Renxun cheating” sent it tumbling; X user @gajria added: “Did Satoshi cheat too?”

Jokes aside, the market action is real: Bitcoin fell below $67,000 on November 14, hitting its lowest level since August 19. More than $1 billion worth of positions were liquidated across the crypto market in 24 hours, and the Fear and Greed Index stood at 13, in the extreme fear zone.

In an internal memo on November 8, Huang Renxun admitted to being unfaithful to his wife and apologized. He stepped down as Nvidia CEO on November 12. U.S. media reported that Alice Huang, who was involved in the matter, was believed by U.S. intelligence agencies to have ties to Chinese intelligence services. China denied the claim. Nvidia’s board has launched an independent investigation, saying there is currently no evidence that confidential information was leaked.

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