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Ethena Labs Founder: Rumor of "Ethena Raising Funds to Avoid USDE Collapse" is False Claim

2025.10.11 09:56:10

On October 11th, Guy Young, the founder of Ethena Labs, responded on social media to the rumored "Ethena is urgently raising funds to avoid a LUNA replay incident," indicating that this is entirely untrue.
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Semafor: Some NVIDIA directors are leaning toward appointing CFO Colette Kress as interim CEO.

According to U.S. media outlet Semafor, some Nvidia board members are leaning toward appointing Chief Financial Officer Colette Kress as interim chief executive officer. The outlet reports the board has not yet made a decision on the matter, with directors scheduled to hold a meeting on the evening of November 11 Eastern Time. Earlier, Semafor confirmed that following media reports of Jensen Huang’s second extramarital affair, Nvidia’s board is preparing to oust the CEO and founder, with a decision possibly coming as early as that day. A senior U.S. government official said the Nvidia board has notified the White House of its planned meeting. Semafor adds that the company’s stock dropped more than 8% in after-hours trading, hitting a 52-week low. According to Semafor, Jensen Huang has admitted to an extramarital affair with a woman. The board of the roughly $4 trillion market-cap company has announced that law firm Wachtell Lipton will lead the investigation into Huang. Semafor also notes that in addition to supplying advanced chips to cloud providers, Nvidia has secured a multibillion-dollar financing arrangement to fund artificial intelligence infrastructure construction.

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Wall Street analysts bluntly stated that the ousting of Jensen Huang could lead to a 20% plunge in the stock price.

Wall Street analysts and investors interviewed by CNBC warn that Nvidia’s stock price could suffer a major shock if Jensen Huang is forced to leave the company. Gene Munster, managing partner at Deepwater Asset Management, said: “For a founder-led company with no clear second-in-command, this scenario is a precursor to a 20% stock pullback.” Jay Goldberg, an analyst at Seaport Research Partners, also predicted Nvidia’s shares could drop 20% if Huang departs suddenly. However, given Huang’s central role in the firm’s management structure, the actual decline could be even larger. Goldberg noted: “If he were fired tomorrow, or any event leading to his departure occurred tomorrow, the stock would fall 20%. But that’s just a short-term shock — the volatility immediately following the announcement.” He pointed out that Huang not only founded Nvidia but also personally built the company to its current size. He has been the only CEO since the company’s establishment, and designed the management system to keep himself at the core of all operations. Currently, 70 employees report directly to him. This means that if Huang leaves, the market will worry not just about who will take over as CEO, but also whether the company’s decision-making mechanism, business relationships, and management system can transition smoothly.

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An address interacting with block builders including Titan deposited 4114.5 ETH to Kraken, worth $8.46 million.

According to on-chain analyst AI Yi’s monitoring, the address 0xF255161A.....c5345c62b deposited 4,114.5 ETH to the Kraken exchange roughly 10 hours ago, valued at $8.46 million with a deposit price of $2,056.57. The address has frequent interactions with block builders such as Titan Builder and Beaverbuild, and has fully liquidated its holdings following this deposit.

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Cequire Capital plans to allocate $100 million of its own capital to early-stage Web3 and other sectors over the next three years.

According to Crypto Briefing, Dubai-based investment firm Cequire Capital plans to deploy $100 million of its own capital into early-stage web3 companies and liquid digital assets. The firm said on the 10th that the three-year fund will be allocated to five sectors: stablecoins and stablechains, AI and autonomous agent payments, tokenized real-world assets, privacy technology, and post-quantum security. Cequire Capital intends to allocate 60% of the capital to venture investments, 30% to liquid assets, and 10% to co-investments, leading or co-leading pre-seed and seed rounds, with individual deal sizes ranging from $500,000 to $2 million. The firm added that the first $50 million is already deployable, with full allocation expected by the end of next quarter. Founded in 2024, Cequire Capital describes itself as a private investment management firm. It has partnered with family offices in the Gulf region and Southeast Asia, and has invested over $50 million in more than 20 web3 projects including Wyscale and TX24. Managing partner Salman Parcy noted that using its own capital eliminates reliance on fundraising cycles or external limited partners, adding that some of the best investment opportunities arise when the market is less crowded, enabling the firm to collaborate more selectively with early-stage founders and deploy capital on a longer-term basis.

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Binance Wallet will stop supporting the Blast chain on November 30.

According to an official announcement, Binance Wallet will cease support for the Blast blockchain starting at 18:00 (GMT+8) on November 30, 2026. After this time, users will no longer be able to view, send, or receive assets on the Blast chain within Binance Wallet. This change only impacts the display and management of relevant assets in Binance Wallet; users can still claim assets via the official Blast website. The announcement notes that the Blast blockchain has been shut down, and asset balances displayed in Binance Wallet may not align with actual figures, so users are advised to refer to the official Blast website for accurate information. Binance recommends users manage or transfer relevant assets before the aforementioned time; after support is discontinued, users can still continue claiming assets as long as the Blast Fund Recovery function on the official website remains operational. This update does not affect other blockchains supported by Binance Wallet.

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OpenAI model may have completed half of the proof for the Millennium Prize Problems’ Yang-Mills problem, which carries a $1 million reward.

According to a post by MTS, OpenAI’s artificial intelligence model has proven half of one of the million-dollar Millennium Prize Problems in physics, with support from a review panel led by a Nobel Prize laureate. MTS identifies the problem as the Yang-Mills problem. OpenAI first unveiled the proof on October 26, noting its model completed the work in September. Per MTS, the review panel is chaired by Nobel Prize winner David Gross, and includes Arthur Jaffe, who co-authored the official description of the Millennium Prize Problem. The proof has also been formalized in Lean, a computer language enabling line-by-line verification. The Yang-Mills problem is one of the seven Millennium Prize Problems established in 2000, each carrying a $1 million reward; to date, the only solved problem was completed by Grigori Perelman, who declined to accept the prize. MTS points out that to win the award, a mass gap proof is still required, alongside compliance with the Clay Mathematics Institute’s rules on publication and a two-year validation period. X user Theo Jaffee noted that physicists have been able to work with quantum field theory and quantum Yang-Mills theory empirically, but have long lacked a mathematical formalization explaining why these theories are valid.

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