NVIDIA's independent directors have engaged former prosecutors and top Wall Street law firms to launch an investigation into the Jensen Huang incident.

Metis announced that its Hybrid Rollup has launched on Devnet. The solution integrates validity proofs into Metis’s existing optimistic Rollup architecture, reducing withdrawal wait times via on-chain verification of execution results. Metis first unveiled this design at ETHDenver in March 2023, with the original goal of cutting withdrawal waiting periods from 7 days to hours. The upgrade covers two core components: combining optimistic challenges with Ziren-based validity proofs (Ziren is an open-source zkVM developed by the ZKM project), and the Decentralized Sequencer (DSeq)’s support for ML-DSA post-quantum signatures. The Devnet adopts a cryptographic agility design, with its codebase supporting both ECC and PQC paths. ECC will be enabled initially, while modules will gradually switch to post-quantum cryptology later. The testnet is scheduled to launch in Q1 2027, to demonstrate the operation of both ECC and PQC verification paths and conduct further testing of the upgraded Hybrid Rollup architecture. Additionally, Metis released a public discussion draft proposing to convert the OVM Token to a native asset, to align more closely with the standard EVM execution environment. The draft has not yet received governance approval, and the snapshot block and timeline remain undetermined.

CoreWeave’s third-quarter revenue reached $3.661 billion, up around 168% year-over-year, and the company raised its full-year revenue guidance to $13 billion to $13.3 billion. However, the firm still posted a net loss of $709 million in the quarter, and expects fourth-quarter interest expenses to hit $1.05 billion to $1.15 billion. This mixed set of macro data directly sparked massive market swings: CRWV contracts on Hyperliquid experienced extreme volatility. The price first jumped from $49.23 before the announcement to $54, then plunged to $46.60 at 06:22, marking a maximum drawdown of roughly 13.7%. After the sell-off, it rebounded quickly, hitting a high of $55.61. As of press time, the mark price stands at $55.07, a roughly 18.2% rebound from the low. During this "V-shaped reversal" rebound window, numerous traders were shaken out of their positions. Data shows that during the period of extreme volatility (from the 06:22 low to press time), 477 addresses traded CRWV, with at least 122 addresses recording losses and liquidating all their CRWV positions. The largest loss came from the address starting with 0x4270, which sold around $352,000 worth of CRWV long positions at an average price of $50.22, for a net loss of roughly $8,083. Meanwhile, some traders locked in short-term gains. The address starting with 0xe1d39 bought and sold CRWV multiple times during the volatility, with total buys of around $990,000 and total sells of around $1.01 million, at an average buy price of $51.29 and average sell price of $52.43. It closed all positions, realizing a profit of around $21,800.

According to analyst Alicharts, Bitcoin has dropped from $79,000 to below $73,000 over the past week, with large holders reducing their positions by more than 34,000 BTC, worth roughly $2.6 billion. Meanwhile, Ethereum whale groups have also been trimming their holdings, though at a slower pace. The group sold around 17,800 ETH in the past week, valued at approximately $40 million based on recent prices.

Wall Street Journal chief economics reporter Nick Timiraos, widely known as the "Fed’s mouthpiece," wrote in a recent article that the rebound in U.S. inflation is breaking the gradual pace of rate hikes the Federal Reserve had sought to maintain. Fed officials spent all of October trying to quash market expectations of consecutive rapid rate hikes in the near term, but the latest released data has not aligned with that effort. Data released Tuesday by the U.S. Department of Labor showed that the annualized increase in core Consumer Price Index (CPI), which excludes food and energy prices, hit 3.7% in the three months ending in October, up sharply from 1.6% in the three months ending in July. The report has further cemented market expectations that the Fed will raise interest rates at its December 8-9 policy meeting. The real debate has shifted from whether a rate hike is needed to how quickly monetary policy should be tightened. The article notes that the Fed now faces two options: continue with its previously planned pace of two to three more 25-basis-point rate hikes; or act faster, by implementing consecutive hikes or even a single 50-basis-point increase to deliberately cool economic activity and curb inflation. On Tuesday, remarks from multiple Fed officials indicated that the latter option is drawing more attention. The article states that the Fed’s core dilemma is now clear: persistent, broad-based inflation calls for the central bank to act faster, while cooling AI investment and tightening financial conditions raise the risk of over-tightening. Whether the December meeting will deliver a single 50-basis-point hike or two consecutive 25-basis-point increases will be a key test of the Fed’s policy trade-offs.

Aave risk service provider LlamaRisk has submitted a proposal on the protocol’s governance forum, recommending that Aave V3 Core concentrate on mature, highly liquid collateral, while Aave V4 will support a wider range of assets through risk premiums and isolation mechanisms. The proposal aims to freeze the reserve pools of assets including rsETH, osETH, LBTC, tBTC, and rETH on Aave V3 Core. As of November 9, the collateral value tied to the proposal is roughly $1.33 billion, corresponding to approximately $1.03 billion in debt. Per the proposal, following the freeze, new deposits of these assets will be halted, and their loan-to-value (LTV) ratios will be cut to zero—meaning users can no longer initiate new loans using these assets as collateral. Existing positions may still be held, repaid, or migrated. LlamaRisk plans to coordinate with asset issuers and key borrowers to shift positions to either the collateral retained in V3 Core or Aave V4. If the relevant exposure does not decline, future steps could include gradually lowering the liquidation threshold based on asset conditions, or considering raising borrowing rates in the final phase.

According to people familiar with the matter, Nvidia CEO Jensen Huang walked into the company’s headquarters in Santa Clara, California, on Monday and chaired the usual morning meeting with senior executives. The sources said that at the start of the closed-door meeting, Huang first apologized to employees over the recent controversy. He took no questions and quickly shifted the discussion to business operations and the day’s key agenda items. Huang also came to the office for a meeting on Tuesday. Nvidia is set to release its quarterly earnings report in one week. Insiders at the company said Huang is trying to create an atmosphere of "business as usual", but the mood inside the firm is downbeat.