AI data company Mercor completes $750 million Series D funding round, with its valuation doubling to $20 billion in a year.

Beating AI News Brief, November 10. U.S. Republican Senator Kevin Cramer told POLITICO in an interview that he is publicly calling on NVIDIA CEO Jensen Huang to resign, citing that Huang’s extramarital affair poses a serious potential blackmail risk—especially given NVIDIA’s possession of highly sensitive AI chip technology. Cramer stated: “The blackmail risk is way too high. I think he has to step down.” Cramer, a member of the U.S. Senate Banking Committee (which is deliberating multiple bills to tighten controls on advanced AI chip exports), added that while NVIDIA’s board launching an internal investigation is appropriate, it is “far from enough.” Earlier the same day, Larry Kudlow—who served as White House National Economic Council director during Trump’s first term—also called out on Fox Business: “Mr. Huang, resign now.” He argued this is the reasonable action Huang should take at present. As the controversy expands, U.S. congressional scrutiny of NVIDIA’s chip exports is accelerating. The Senate Banking Committee is considering three bills: strengthening advanced chip export approvals, tracking the end destinations of chips, and restricting exports of certain semiconductor manufacturing equipment. These bills are being pushed to be included in the annual National Defense Authorization Act, and none have been fully passed yet.

According to TradingBeats' monitoring, trader AguilaTrades has completed 18 BTC trades over the past week, with a win rate of just 33% and total losses of $547,000. He currently holds a 40x leveraged long position of 340.45 BTC, valued at roughly $25.16 million, with a liquidation price of $73,009. Prior data shows his cumulative losses from rollover trading on Hyperliquid since last June stand at $38.2 million.

A senior U.S. government official said U.S. Treasury Secretary Bessent has been relocated to a military base after Iran’s threats against his life reached an unprecedented level. The official added that the threats prompted Bessent and his family to make the move. The Treasury Department confirmed the development, stating that Bessent “will not be intimidated by threats from the Iranian regime” and will continue to lead efforts to financially isolate Iran through sanctions and trade restrictions. (FOX)

AguilaTrades(@AguilaTrades) is a total gambler! Over the past week, he made 18 $BTC trades with just a 33% win rate, losing a total of $547K. Now he's opened another 40x long on 340.45 $BTC ($25.16M), with a liquidation price of $73,009.

Recently, multiple storage industry insiders disclosed that several leading players have verbally informed channel partners of their intention to raise prices for enterprise-grade semiconductor dies. Formal price hike notices have not yet been released, but channel-side prices have already begun adjusting. Multiple distributors have confirmed the price hike signals. An SK Hynix distributor said, "Prices are rising every day." He observed that second-hand drive buyback prices have been climbing, driving overall quotes upward. The price adjustment mechanism works as: provincial-level distributors adjust prices weekly, then pass the changes down to lower-tier agents, "We follow suit." However, a Samsung distributor noted that this round of price hikes is not universal across all categories: increases are mainly concentrated in the DRAM contract market and enterprise-grade SSD original factory and channel segments, not a broad rise in consumer-grade NAND. "The bulk of demand comes from compute power centers; grassroots-level demand is actually mediocre." As the price hikes are first concentrated in the DRAM contract and enterprise-grade SSD segments, when prices spread from original factories, the first parties affected are not end consumers, but midstream manufacturing enterprises and module makers. These firms are the first to absorb the original factories' price increases, and their different positions in the industrial chain lead to significantly varying perceptions and pressures. (Blue Whale News)

According to GMGN monitoring, an address labeled "PikachusPlace" on the platform previously traded STONKBANKERS on the Robinhood chain, with a total buy-in cost of around $932. After liquidating its position, it netted approximately $14,900, a return of roughly 1603%. Yesterday morning, after the token MONTRA launched on the Elysium chain’s token launch platform, the address purchased about 28.5178 million MONTRA tokens at an average price of ~$0.0001304 (corresponding to a market capitalization of ~$130,400). The transaction value was around $3,719, plus related buy-in fees of approximately $14,700, bringing total investment to ~$18,400. The address then liquidated all holdings via 29 sell transactions, with the entire process from entry to exit taking only about 20 minutes. After deducting sell fees, it recovered roughly $84,700, netting around $66,200, a return of ~360%. Currently, MONTRA has a market cap of ~$6.66 million, making it the largest token by market cap on the Elysium chain. If the address had held all its initial MONTRA purchases to date, its profit would have reached $173,200, a return of ~940%. BlockBeats Note: Meme coin trading is extremely volatile, heavily dependent on market sentiment and conceptual hype, with no intrinsic value or practical use cases. Investors should exercise caution.