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$BTC Nov. 12: According to monitoring by Ember, a whale’s BTC and ETH long positions were partially liquidated multiple times during the recent downturn, and the remaining long positions have now been liquidated.
The accompanying image shows four liquidation records on Nov. 12, involving approximately 536.89 BTC and 12,740 ETH, with a combined notional value of about $63.97 million. Ember said the whale had opened BTC and ETH long positions at the end of August.

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On Sunday (Nov. 8–9) Huang sent a memo to employees admitting he had been unfaithful to his wife and accepting " responsibility." That day Nvidias board started an independent investigation to find out if he had been targeted by a foreign intelligence operation because of his relationship with Alice Huang (an executive at Singapore-based Megaspeed, a big Nvidia customer). U.S. Officials have connected her to intelligence and said there were issues with chip-smuggling; China has denied the spying accusations.

Detroitnews

The second affair report made things worse. Nvidia does not have a public plan for leadership after Huang. Huang (who started the company and has led it for than 30 years) has many people reporting directly to him and is seen as very important to the companys strategy and culture.

Reuters

Stocks dropped a lot during after-hours trading (reports say about an 8% drop) which added up to hundreds of billions in lost value this week. Analysts and the market have pointed out the risk of a leadership gap.

Detroitnews

Reuters said the board was meeting Wednesday to make a decision; Bloomberg said the board has been working with an outside company to look for possible replacements with CFO Colette Kress mentioned as a possible temporary leader by some.

Reuters

Nvidia has not publicly said anything about plans to remove Huang in the reports far. This is still a developing story with effects, on the company and the whole AI chip industry.
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$BTC CEX NEWS reports that the White House is reviewing a new rule that would allow Americans to invest in Bitcoin and cryptocurrencies through their 401(k) retirement accounts.

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The threat of a hack has not yet passed;
the danger remains. Aftershocks are still to come.

November 2, ENA, BTW, KITE, and other tokens will see large token unlocks this week
ENA will unlock on November 2, worth approximately $7.39 million, accounting for 0.38% of the circulating supply
BTW will unlock on November 2, worth approximately $109.66 million, accounting for 3.37% of the circulating supply
KITE will unlock on November 3, worth approximately $78.3 million, accounting for 26.76% of the circulating supply
HYPE will unlock on November 5, worth approximately $15.72 million, accounting for 0.08% of the circulating supply
AVAX will unlock on November 8, worth approximately $14.42 million, accounting for 0.30% of the circulating supply.
#BinanceWithdrawalScamWarning #BinanceRestores28FiatWithdrawals

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