Chun buys back 5,246 $ETH for $10.78M after selling $wstETH for $18.5M last week

According to data from BIT Stock Platform, U.S. stock index futures fell, with NVIDIA reportedly considering replacing its CEO Jensen Huang. The AI chip maker’s decline accounted for more than half of the drop in Nasdaq 100 Index futures. As of 4:35 a.m. New York time, the tech-heavy Nasdaq 100 Index futures fell 0.6%, while S&P 500 Index futures dropped 0.3%. NVIDIA’s board of directors is meeting to deliberate whether to oust Huang, following reports of an extramarital affair involving the CEO. NVIDIA’s pre-market shares fell nearly 6%; if the decline holds, its market capitalization would erase more than $200 billion. The chipmaker’s slump also dragged down related AI firms. CoreWeave Inc., a Neocloud company, fell around 5% after surging on Wednesday. NVIDIA’s rivals Broadcom and AMD, by contrast, rose. Adam Crisafulli of Vital Knowledge wrote in a report: “This news is clearly negative, as Jensen Huang is arguably the most influential executive at the core of the world’s most important industry and most critical company. His departure would undoubtedly deal a heavy blow to the firm.”

JPMorgan strategist Nikolaos Panigirtzoglou and his team wrote in a report that robust inflows into equity ETFs indicate retail investors remain bullish on the stock market, a support critical to stabilizing the recently battered AI trading sector. According to the bank’s latest fund flow and liquidity report, global equity ETFs saw average daily inflows of around $20 billion last week, accelerating further to $30 billion on Monday. Leveraged equity ETFs, driven primarily by retail investors, attracted nearly $5 billion in capital on November 5 and 6. Inverse ETFs posted outflows of roughly the same size over the week. The report also noted that a pullback in call option buying could further amplify the impact of retail investor flows.

According to Lookonchain monitoring, one week ago, Wang Chun, co-founder of F2Pool, sold 6,200 wstETH tokens valued at approximately $18.5 million. Over the past two days, he repurchased 5,246 ETH at an average price of $2,054, totaling around $10.78 million.

According to data from BIT Stock Platform, AMD’s stock rose 3.82% and Broadcom’s gained 3.46% in U.S. pre-market trading. Among the potential beneficiaries of NVIDIA’s management turmoil, AMD and Broadcom are likely the largest winners. AMD is NVIDIA’s closest rival in the AI GPU market, while Broadcom is poised to expand its business in custom AI chips and networking equipment.

Binance has officially announced that Binance Wallet will distribute the latest Binance Alpha airdrop at 19:00 Beijing time today. Users holding at least 250 Binance Alpha points are eligible to claim the token airdrop on a first-come, first-served basis, until the airdrop pool is exhausted or the event concludes.

Beating AI News Flash: OpenAI announced that ChatGPT Finances has officially launched as a desktop application. Users can request the AI to generate personalized widgets based on their financial data, which will display directly on the Mac desktop. In an official demo, a user used a single prompt to have ChatGPT create three separate small windows showing monthly spending, investment assets, and their child’s college savings progress respectively. These widgets appear on the desktop right next to the chat window. The savings widget also allows adjusting monthly deposit amounts to predict when the goal will be reached. The data comes from the user’s authorized real financial accounts. ChatGPT integrates with bank, credit card, and brokerage accounts via Plaid, enabling it to analyze spending, identify duplicate subscriptions, track investments, and develop savings plans.