The US October producer price index (PPI) is due today, November 13, at 13:30 UTC (8:30 a.m. ET). It arrives as bitcoin has fallen below $70,000, the US dollar has climbed to its highest level since April 2025 and 10-year Treasury yields have risen above 5%.The PPI is the last major inflation report before the Federal Reserve’s December 8–9 meeting, where markets expect a rate hike. Traders will be watching whether it supports a quarter-point move or a larger half-point one.What Economists ExpectMeasureSeptember (actual)October (forecast)Headline PPI, month over month+1.3%+0.4%Headline PPI, year over year6.3%6.6%Core PPI, month over month+0.7%+0.3%Core PPI, year over year5.0%—Source: Dow Jones consensusMonthly producer price growth is expected to slow sharply from September, when energy prices jumped 10.8% and drove about half of the rise. Even so, the annual rate is forecast to climb to 6.6%, its highest since 2022, because of a base effect: prices barely rose in October 2025, so a moderate increase this October lifts the yearly figure.Why PPI Matters to the FedProducer prices measure what businesses receive for goods and services, and they feed into the Fed’s preferred inflation gauge, the core PCE price index. Economists estimate October core PCE rose about 0.4%, and today’s PPI could change that estimate.The data follows a hotter-than-expected consumer price report on Tuesday, when headline CPI rose 0.4% and core CPI 0.3%. That core reading met the threshold Fed Governor Christopher Waller set for considering a 50 basis point hike. CME FedWatch showed about a 90% chance of a quarter-point December hike as of November 11, with the rest on a larger move.Bitcoin Falls Below $70,000Bitcoin fell to around $69,000 early Friday, down more than 6% in 24 hours, after touching a low of $67,922, according to CoinGecko data. That breaks the $72,000–$73,200 support zone near its 200-day moving average that analysts were watching earlier this week. Ether fell 5.2% to about $1,942 and BNB fell 5.9% to around $634.More than $1.3 billion in crypto futures positions were liquidated over 24 hours, mostly bets on rising prices, according to CoinGlass data. About $677 million of that was in bitcoin.ETF outflows have added to the pressure. BlackRock’s IBIT has lost more than $2 billion over nine straight sessions, and all US spot bitcoin ETFs together have lost about $1.44 billion over five sessions. The Crypto Fear and Greed Index fell to 20, “extreme fear,” its lowest since July 8.Dollar and Yields ClimbThe Dollar Index rose above 103, its highest since April 2025, according to CoinDesk, up from about 102 on Wednesday. The 10-year Treasury yield has risen above 5%, according to 10x Research, from 4.86% a week ago.A stronger dollar and higher yields tend to weigh on bitcoin. Higher yields make cash and bonds more attractive compared with assets that pay no income, and a rising dollar typically tightens global financial conditions. Both moves reflect expectations that the Fed will keep raising rates.How Markets Could ReactThese are typical market reactions, not forecasts:Hotter than forecast: a headline above 0.4% or core above 0.3% could strengthen bets on a 50 basis point hike, push the dollar and yields higher, and add pressure on bitcoin and tech stocks.In line: a quarter-point December hike stays the base case, and attention shifts to core PCE data and whether stock markets steady.Cooler than forecast: a softer reading could trim bets on a larger hike and ease the dollar, giving risk assets some relief after a heavy week.

DeFi researcher Ignas said Bitcoin is facing a crisis of confidence rather than merely a price decline. According to Odaily, Ignas said Bitcoin’s store-of-value (SoV) narrative is closely tied to its price, and continued declines are weakening belief in that narrative. Many investors had viewed $58,000 as the market bottom, but Bitcoin failed to rebound while AI stocks recovered first, further hurting sentiment and redirecting dip-buying funds toward AI stocks rather than crypto. Ignas said the crypto community, which previously voiced strong optimism during Bitcoin downturns, has grown unusually quiet, and some early Bitcoin believers have started buying ZEC or PRL as hedges. Stablecoin outflows and the possibility that Strategy could be removed from MSCI indexes have added to market concerns. Some altcoins have held up better than Bitcoin, but Bitcoin’s weakness continues to weigh on the broader market.

South Korea’s Digital Asset Basic Act is expected to be finalized in early January next year, with lawmakers seeking to complete legislation before U.S. stablecoin rules are expected to take effect on January 18 next year. According to Odaily, Democratic Party lawmaker Min Byung-deok said discussion of key issues could begin as early as next week, with industry participants and experts expected to take part over the following two months. He opposed requiring banks to hold 50% plus one share of a stablecoin issuer, and instead backed rules focused on issuer conduct and safety, including 100% reserve assets, immediate redemption, anti-money laundering measures and customer identity checks. The proposals also include delaying digital asset taxation by two years, to 2029, allowing investment losses to offset gains over the following three years, and establishing a digital asset committee directly under the president to coordinate industry policy.

سيستمر الفائض التجاري للصين وصافي تسوية النقد الأجنبي في تقديم الدعم، ومن المتوقع أن يتقلب سعر صرف الرنمينبي بشكل أكبر في كلا الاتجاهين في عام 2027، مع ثلاثة سيناريوهات تحدد اتجاهه.

إن إقالة جينسن هوانغ ليست نهاية فقاعة الذكاء الاصطناعي، بل هي ثمن إعادة تشابك شركات التكنولوجيا مع السلطة السياسية.

بعد أقل من 24 ساعة من استقالة جنسن هوانغ، ثارت ضجة كبيرة في شركة إنفيديا: أكثر من 1600 تعليق ومئات الأشخاص وقعوا على عريضة تطالب بإعادته إلى منصبه، بينما طُلب من مجلس الإدارة الاستقالة بشكل جماعي.

يبدو أن ضخ شركة إنفيديا للثقة في سلسلة صناعة الذكاء الاصطناعي بأكملها يجعلها أقوى، ولكنه يجعلها أيضاً أكثر عرضة للخطر. وبالاستناد إلى نظرية يانغ شياوكاي حول تقسيم العمل، فإن خطوة هوانغ رينكسون تمثل اختياراً لنموذج الحوكمة.

من بين الشركات الـ 24، كان لدى نصفها بالضبط أرباح انحرفت عن اتجاه السعر الأولي، مما يعني أن تجاوز هدف الأرباح لا يعني بالضرورة أن السوق على استعداد لتقديم سعر أعلى.

في 12 نوفمبر 2026، استقال جنسن هوانغ رسميًا من منصبه كرئيس تنفيذي ومناصب أخرى، منهيًا بذلك مسيرة قيادية امتدت 33 عامًا في الشركة. شهد سعر سهم إنفيديا تقلبات كبيرة، مما أثر على سلسلة صناعة الذكاء الاصطناعي في الولايات المتحدة وسوق العملات الرقمية. ما مصير إنفيديا بدون جنسن هوانغ؟

لا يوجد شيء اسمه أصل عالمي؛ إنها ببساطة أصول ذات أدوار مختلفة: سندات الخزانة الأمريكية تشبه الأجور، والذهب يشبه التأمين، والبيتكوين يشبه الخيارات.

بعد استقالة جنسن هوانغ، أصبح لشركة إنفيديا رئيس مجلس إدارة لأول مرة. تولى المدير المالي كريس المنصب مؤقتًا، بينما ترأس هارفي جونز مجلس الإدارة. وتتخلى الشركة عن شخصية مؤسسها.

أعادت بلومبرج بناء الساعات الأخيرة قبل استقالة جنسن هوانغ: لقد عانى من انهيار عصبي، وألقى باللوم على نفسه قائلاً "أنا شخص سيء"، وعقد مجلس الإدارة اجتماعاً طارئاً طوال الليل ليقرر مطالبته بالاستقالة.

أين تقف الصين في سباق الروبوتات العالمي؟ ما هي مزاياها التنافسية؟ والأهم من ذلك، أين تكمن فرص الاستثمار غير المستغلة؟