A cross-market trader has cut ETH’s annual defensive target, expecting it will not break below $1,750.

According to sources, NVIDIA CEO Jensen Huang walked into the company's headquarters in Santa Clara, California on Monday and chaired his usual morning meeting with senior executives. Sources said Huang opened the closed-door meeting by apologizing to employees over the recent controversy. He took no questions and quickly shifted the topic to business and the day's main agenda. Huang also came to the office for a meeting on Tuesday. NVIDIA is set to release its new quarterly earnings report in one week. An NVIDIA insider said Huang is trying to create a "business as usual" atmosphere, but internal morale at the company is "low". (CNBC)

According to CNN, a San Francisco court on Tuesday sentenced tech consultant Nima Momeni to 16 years to life in prison for the fatal stabbing of Cash App founder Bob Lee. In December 2024, a jury found Momeni guilty of second-degree murder and rejected his self-defense claim. Momeni has been in custody since his arrest following the April 2023 incident, when Lee was fatally stabbed in San Francisco. The judge denied Momeni’s motion for a new trial ahead of sentencing, and his lawyer plans to appeal. Prosecutors alleged Momeni was enraged because Lee had introduced his sister to a drug dealer, stabbing Lee three times—one blow piercing his heart. Lee died in the hospital at age 43. Lee, who founded mobile payment service Cash App, was serving as chief product officer at cryptocurrency firm MobileCoin at the time of his death.

Goldman Sachs forecasts the Federal Reserve will raise interest rates by 25 basis points each in December this year and March 2027, revising its earlier projection that had only called for a rate hike in December this year.

Michael Burry, the prototype of "The Big Short", analyzed that Broadcom’s $161 billion hardware deal with Anthropic has major hidden risks, with the agreement shifting part of the financial risk to insurers. Specifically, Anthropic needs Broadcom’s chips to run Claude but does not purchase them directly. Wall Street banks and Blackstone injected $63 billion into an independent company, which then bought chips from Broadcom and leased them to Anthropic. Over the entire term of these lease agreements, Anthropic will pay around $161 billion in rent for Broadcom’s equipment, with part of the funds coming from Broadcom itself. Broadcom has agreed to provide Anthropic with up to $42 billion in loans, which can only be used to pay rent for Broadcom’s devices. Michael Burry reiterated that he has no intention of buying Anthropic’s stock when it goes public next week. "For the benefit of humanity, markets should plunge sharply to stop the IPOs of OpenAI and Anthropic." Earlier, Michael Burry said Anthropic’s IPO prospectus (S-1) "exposes catastrophic systemic risks in the entire AI boom, not just Anthropic alone." He believes Anthropic has a circular and interconnected financing structure: hyperscalers act as its lender, supplier, channel, and shareholder simultaneously. Moreover, Anthropic’s quarterly revenue growth slowed from around 144% to approximately 46%, while its computing costs rose sharply by around 78%.

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.

NVIDIA’s board announced an investigation on Sunday, and released a statement on November 10 (Eastern Time) confirming it has retained former acting U.S. Attorney for the Southern District of New York (SDNY) Joon H. Kim and his new firm Wachtell, Lipton, Rosen & Katz to conduct a "full, independent investigation" into CEO Jensen Huang’s incident. The board also noted there is currently no reason to believe the company’s confidential information has been compromised, and Jensen Huang has voiced support for the probe and pledged full cooperation. Public records show Joon H. Kim served as acting SDNY U.S. Attorney from 2017 to 2018. SDNY is widely regarded as the most prestigious federal prosecutor’s office in the U.S., commonly nicknamed the "Sovereign District". He oversaw more than 220 assistant U.S. attorneys, with his jurisdiction covering cases of economic espionage, trade secret theft, sanctions violations and cybercrime. In March 2021, Kim was appointed by New York State Attorney General Letitia James to co-lead an independent investigation into sexual harassment allegations against Governor Andrew Cuomo alongside Anne Clark; shortly after the investigation’s report was released, Cuomo resigned in August 2021. In December 2023, he was commissioned by the FDIC Board’s Special Review Committee to independently investigate internal harassment and discrimination allegations at the agency.