Hong Kong stocks open, with the Hang Seng Index down 0.57% at opening.

Renowned investor Duan Yongping posted that Jensen Huang’s departure may be the final decision of NVIDIA’s board of directors. It will not impact NVIDIA’s business in the short term, but whether the company can sustain its competitive edge in the coming years hinges on finding a suitable successor CEO. Huang is hardworking and has a forward-looking view on AI industry development, making it challenging to find a successor with both traits. NVIDIA’s business model is highly dependent on an excellent management team; if it fails to maintain the team’s capabilities and execution, the company’s competitiveness may be affected over the next 3 to 5 years. However, the AI industry remains in its early development stage and is expected to retain strong growth momentum over the next decade. As for whether Huang may return in the future, Duan noted that if the reasons for his departure persist, Huang will most likely not retake the CEO role. That said, NVIDIA may consider appointing him to roles like advisor, allowing him to continue exerting influence in a "shadow CEO" capacity without formal duties such as signing official documents. No clear conclusion on the relevant arrangements is likely before the hearing wraps up, and the final outcome will likely take some time to emerge.

The U.S. Department of Justice (DOJ) said it has partnered with two of the world’s largest stablecoin issuers to recover nearly half of the funds stolen in the Binance hack. Hackers siphoned more than $6 billion in assets from the Binance cryptocurrency exchange in the attack. The DOJ has obtained court authorization to seize or restrict $1.2 billion of the $2.7 billion frozen by Tether and Circle Internet Group immediately after the October 29 breach. Investigators are still tracking the remaining funds. The Federal Bureau of Investigation (FBI) has identified the hacking group as "TraderTraitor", which is currently attempting to transfer and launder the stolen assets via cross-chain bridges, mixers, and cryptocurrency exchanges.

According to an official announcement, Coinbase has announced that spot trading for Pearl (PEARL) will launch on November 13, 2026.

According to on-chain data, the NVIDIA (NVDA) perpetual contract launched by Trade.xyz on Hyperliquid hit a record high daily trading volume of $2.14 billion on its first anniversary. The contract went live on November 12, 2025, initially supporting up to 10x leverage. As of now, its year-to-date cumulative trading volume has exceeded $19 billion.

Beating AI News Flash: Google has launched Gemini 4 Hydrogen, succeeding the previous Gemini 3.8 Flash, targeting daily programming and AI agent tasks. In Artificial Analysis’ latest comprehensive intelligence index, Hydrogen scores 51 points in its default high reasoning mode, surpassing the prior flagship Argon’s 50 points. Switching to maximum reasoning mode lifts the score to 54 points, though processing time increases significantly. Per Google’s internal testing, Hydrogen completes tasks 2.5 times faster than the 3.8 Flash. In the Terminal-Bench 4.1 programming benchmark, its score jumps from 18.2% (the previous generation’s result) to 57%, yet it still trails Claude Sonnet 5.5’s 63.9%. Google also added an Orchestrator function to Antigravity, which automatically switches models within a single task. For instance, it can assign Carbon to handle complex architecture design and challenging problems, then pass the work to Hydrogen for coding and test runs. Google’s tests found this combination delivers success rates nearly matching Carbon’s standalone performance, while cutting usage quota by 24% and boosting task completion speed by 19%. Hydrogen is now available to users of Gemini apps, Google Search, and AI Studio, while the Antigravity Orchestrator feature is exclusive to Pro and Ultra subscribers. API pricing stands at $1.5 per million input tokens and $7.5 per million output tokens—twice the current promotional rate of the 3.8 Flash.

According to HTX market data, Bitcoin has fallen below $71,000, hitting its lowest level since September, and is currently trading at $70,902, with a 4.27% decline in the past 24 hours.