Erik Voorhees buys $97M worth of $ETH dip, accumulating 48,647 tokens at $1,994 average

易理华, founder of Liquid Capital, posted that after exiting Bitcoin at the $86,000 peak, he had been seeking opportunities to buy the dip. However, with the Democratic Party taking office and the Jensen Huang incident completely disrupting the short-term AI ecosystem, his recent reflections on the impact this will have on the U.S. stock market over the next 1-2 years have outstripped the data frameworks used to analyze Bitcoin trading. Last night, he discussed for nearly an hour with Justin Sun, exploring why Sun is bearish on the Nasdaq and Bitcoin. Sun noted that liquidating AI stocks now could well prove to be a future peak. Over the past few years, AI firms represented by NVIDIA have amassed far more leverage and subprime-style debt due to excessive optimism about the AI trend than the current growth in AI revenue. If issues emerge with leading player NVIDIA or even Elon Musk, the entire industry will face deleveraging and a bubble-bursting process, leading to a sharp, sustained correction in the U.S. stock market. In a worst-case scenario, this could even trigger a financial crisis; one must always prepare for the worst.

According to Lookonchain's monitoring, Erik Voorhees, an early Bitcoin supporter and founder of ShapeShift, appears to be buying the dip on Ethereum. Multiple wallets linked to Voorhees spent $97 million over the past four days to acquire 48,647 ETH at an average price of $1,994. These wallets still hold $78.68 million in stablecoins, indicating they may continue purchasing.

The petition website urging NVIDIA’s board to reinstate Jensen Huang continues to gain momentum. As of press time, the site has garnered 83,409 signatures, including 4,656 current NVIDIA employees, 806 former employees, and 44,547 shareholders. Notable public figures including Elon Musk, Tom Lee, and Replit CEO Amjad Masad have publicly signed the petition. Earlier, on November 12, 2026, NVIDIA announced Huang’s immediate resignation as CEO, ending his 33-year tenure leading the company he co-founded. Campaign organizers and signatories fear Huang was forced out without proper due process or sufficient time to defend himself, and are demanding an explanation from the board. The open letter’s core demands to NVIDIA’s board are: Reinstate Huang as CEO pending an independent fact-finding investigation; if he remains away from the role, provide evidence-backed explanations. The letter also calls for ensuring the investigation is independent, defining its scope and timeline, granting Huang a fair chance to defend himself, and issuing timely public statements addressing relevant concerns, evidence, and trade-offs for employees’ and shareholders’ interests. It stresses: “Thirty-three years of leadership does not mean immunity from accountability, but accountability requires evidence and due process, not a public lynching.” The site notes the campaign is independent and has not been endorsed by NVIDIA or Huang himself.

stUSDT official has announced the discontinuation of stUSDT and wstUSDT issuance. The redemption window runs from November 14, 2026 to May 14, 2027, with rewards ceasing distribution as of November 14, 2026. After users unstake their assets, they must click the "Claim" button to receive their corresponding USDT. The official requires holders to complete redemptions via the self-service portal by May 14, 2027; post-deadline, the self-service channel will close, and remaining redemption requests must be submitted to customer service, which will process them in monthly batches through August 2027. Additionally, the team warns users to guard against scams, noting it will never send unsolicited private messages requesting mnemonics or private keys, and all redemptions must be conducted via official channels only.

Kava’s official announcement notes abnormal on-chain activity involving KAVA tokens being bridged to BSC and sold. The project explicitly clarifies that this incident is not an infinite token mint, but rather isolated and restricted to the Kava Lend protocol, with the overall situation now under control. As a routine preventive measure, partner exchanges have suspended related deposit and withdrawal functions. Kava stated it will release more details as soon as possible. Earlier, HTX market data showed KAVA fell over 40% within an hour, with an on-chain security issue suspected as the cause.

Solana RPC provider Helius has announced the launch of its Historical Accounts API (Beta). The API allows users to query the full state of any account, liquidity pool, or wallet either at the end of a specific Slot or after a given transaction is executed. It supports use cases including trade backtesting, historical state simulation, precise state change tracking, trading strategy backtesting, querying historical token supply, calculating profit and loss (PnL), accessing historical wallet balances, and monitoring DEX liquidity over time.