Ethereum Foundation Dumps 2,500 $ETH ($4.6M) Amid Market Crash

The petition calling on NVIDIA’s board to reinstate Jensen Huang continues to gain momentum. To date, the petition website has amassed 100,235 signatures, including 5,252 current employees, 924 former employees, and 53,280 shareholders, among others. High-profile figures including Elon Musk, Tom Lee, and Replit CEO Amjad Masad have publicly signed the petition. On November 12, 2026, NVIDIA announced Jensen Huang’s resignation as chief executive officer, effective immediately, marking the end of his 33-year tenure leading the company he co-founded. Organizers and signatories of the campaign fear Huang was forced out without due process or sufficient time to defend himself, hence demanding an explanation from the board. The open letter’s core demands to NVIDIA’s board are: Reinstate Jensen Huang as CEO pending an independent investigation to clarify the facts; if his departure is to proceed, provide evidence-backed explanations. The investigation must be independent, with clear scope and timeline, and Huang must be granted a fair opportunity to defend himself. A timely public statement is required to address concerns, evidence, and the balance of interests for employees and shareholders. The letter stresses: “Thirty-three years of leadership do not mean immunity from accountability, but accountability requires evidence and due process, not a public trial.” The petition website notes the campaign is independent and has not been endorsed by NVIDIA or Jensen Huang himself.

According to HTX market data, Bitcoin has fallen to touch $65,000, currently trading at $65,375, with a 24-hour decline of 4.82%.

According to OnchainLens monitoring, the Ethereum Foundation sold 7,500 ETH in just four days. It recently offloaded an additional 2,500 ETH via CoWSwap, worth approximately $4.71 million, in exchange for 4.597 million USDS. The total ETH sold over the four-day period amounts to 7,500, yielding roughly 14.52 million USDS, with the latest proceeds transferred to a multi-signature Safe wallet.

Kazakhstan plans to issue tokenized government bonds in the first quarter of 2027 to further expand its digital asset infrastructure in the sovereign debt sector. The country’s central bank governor Timur Suleimenov unveiled the plan at the 14th Financiers’ Congress held in Almaty. He noted that the central bank will collaborate with the Ministry of Finance to advance the issuance, with the timing “very likely” falling in Q1. The move builds on Kazakhstan’s first tokenized central bank note sale completed earlier this month, which was valued at approximately $22.3 million. Prior to this, the National Bank of Kazakhstan issued 91-day notes totaling 50 billion tenge (around $112 million) via the Kazakhstan Stock Exchange (KASE), including 10 billion tenge in tokenized form. The weighted average yield of these notes stood at 15.72%, and total demand reached 1.4 times the issuance volume. KASE’s digital asset platform runs on the Solana blockchain, with BitGo providing custody infrastructure.

According to HTX market data, HYPE has dipped below $67, with its 24-hour decline widening to over 9%, and it has corrected roughly 32% from its recent high of nearly $98.

Elon Musk posted that Jensen Huang has done an outstanding job building Nvidia’s supply chain, noting many key deals were sealed with a handshake with Huang rather than formal written contracts. Without Huang, at least a portion of those transactions would be lost. Currently, the petition website calling on Nvidia’s board to reinstate Huang continues to gain momentum, with over 92,000 signatories to date. The signatories include 4,919 current employees, 854 former employees, and 49,023 shareholders, among others. High-profile figures including Musk, Tom Lee, and Replit CEO Amjad Masad have all publicly signed the petition.