U.S. Treasury cash trading resumed after the holiday, with longer-dated bonds gaining as turmoil surrounding Nvidia deepened investor doubts about the AI trade and spurred safe-haven demand. According to Sina Finance, the 30-year Treasury yield fell 2 basis points to 5.34% ahead of a Thursday auction, while the 10-year yield briefly declined before holding at 4.99%. Cash Treasuries did not trade Wednesday because of the Veterans Day holiday. Reports that Nvidia’s board was considering removing CEO Jensen Huang following allegations of multiple extramarital affairs also weighed on sentiment. “All this news about Huang has further deepened market doubts about the AI narrative and prompted modest safe-haven demand for U.S. Treasuries,” said Carol Kong, a strategist at Commonwealth Bank of Australia (CBA). She said market participants were closely watching the matter given Nvidia’s importance to the AI investment boom and the global economy. Demand for other government bonds was also strong in Asian markets, with yields on Australian and New Zealand government bonds falling by at least 1 basis point. Short-dated Treasuries edged lower as traders continued to bet on further Federal Reserve rate hikes, flattening the yield curve. The 2-year Treasury yield rose 3 basis points to 4.77%, and the 5-year yield increased 1 basis point to 4.83%. Swap markets showed traders expected a 25-basis-point rate hike at the Fed’s December meeting after a strong rise in the key consumer price index in October. The data prompted Fed officials to leave the door open to larger hikes in the coming months. Fed Governor Christopher Waller said a 0.5-percentage-point increase may be needed in December. “Higher U.S. short-term bond yields this morning may reflect continued hawkish repricing following the higher U.S. CPI and some fairly direct, hawkish remarks from Fed officials since then,” said Andrew Ticehurst, a senior rates strategist at Nomura in Sydney. He said market expectations for a 30-basis-point hike at the Fed’s next meeting were already high, and that markets were considering the risk of a 50-basis-point hike in December.

ARK Invest crypto research head Lorenzo Valente said the crypto industry has lost about $26.9 billion to hacks since 2017. According to Foresight News, Valente said on X that total on-chain revenue over the same period was about $47 billion. That amounts to roughly $0.57 in stolen assets for every $1 in on-chain revenue, he said, adding that security issues have become a key constraint on the industry's development.

On Polymarket, the Over option in the “Counter-Strike: Legacy vs. Team Falcons - BLAST Rivals Group A” market for “Map 3 Total Rounds: Over/Under 21.5” fell from 51% one hour ago to 28%, a drop of 23 percentage points. According to ChainCatcher, the probability is currently 28%.

Global electric-vehicle demand returned to growth in October, reflecting a very low comparison base in the United States and continued growth in Europe. According to Sina Finance, citing Benchmark Mineral Intelligence (BMI), global sales of battery-electric and plug-in hybrid vehicles rose 8% year over year to 2.09 million in October; year-to-date sales increased 5% to 17.5 million. BMI data manager Charles Lester said China’s year-over-year decline narrowed to 12% as manufacturers increased exports, with passenger new energy vehicle exports nearing 600,000, a monthly record. European sales rose 36%, supported by subsidies, higher fuel prices, EU emissions regulations, and a wider selection of models. October was the first month compared with a period without federal electric-vehicle tax credits in the United States. Lester said North American sales rose 24%, returning to growth, but the U.S. market was stabilizing at a low level rather than truly recovering. He added that sales in the rest of the world rose 85%, exceeding North America’s total, largely due to growth in Chinese exports.

According to ChainCatcher citing The Block, Nasdaq-listed Solana Company (HSDT) reported third-quarter revenue of $3.4 million, up from $700,000 a year earlier. Revenue was driven mainly by staking income from its SOL holdings. As of September 30, the company held about 2.4 million SOL, with a fair value of approximately $288.2 million.

According to CNBC, Jim Cramer said Wednesday night he would not buy more Nvidia shares amid reports that the company’s board was preparing to oust CEO and co-founder Jensen Huang. Nvidia shares fell 8% in extended trading Wednesday after The Wall Street Journal reported the board was preparing to discuss Huang’s future. With an earnings report looming next week, Cramer said he still believes Nvidia can succeed over the long term without Huang leading the company.

Bernstein cut Nvidia from Outperform to Market Perform, marking the chipmaker’s second rating downgrade of the day. According to Sina Finance, analyst Stacy Rasgon wrote in a client note late Wednesday, “Our instinct is that we may not yet fully understand how deep this goes. We’ll leave it there and would rather step back to the sidelines for now.” Reports had previously said Nvidia’s board was preparing to remove CEO Jensen Huang, who acknowledged having an extramarital affair. Bernstein cut its price target from $400 to $200, and Nvidia shares fell 8% to $160 in Wednesday’s after-hours trading. Baird had earlier downgraded the stock to Neutral.

The Wall Street Journal reports that Nvidia's board of directors is preparing to discuss CEO Jensen Huang's future, with a meeting potentially scheduled as early as Wednesday. The controversy has spread from his personal life to corporate governance and leadership stability.

No exchange would want a piece of the stock market pie, but Upbit is still blocked by regulators and can only rely on continuously listing new coins to maintain its traffic.

Congress is now under Democratic control, but the legislature is no longer as aging. From a long-term perspective, any pullback triggered by this election is likely a buying opportunity for cryptocurrencies.

The timing of New York Fed President Williams' departure has sparked controversy within the Federal Reserve: can he remain in office until June 2028, or must he retire in June 2027 when he turns 65? If he leaves earlier, Warsh could influence the selection of this key position a year earlier.

Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse at 8 AM," issue 3240, providing you with the latest and fastest news on the digital currency and blockchain industry.

With the implementation of individual income tax on offshore trusts, tax loopholes surrounding crypto assets are being gradually filled.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on AI, DeFi, DAO, NFT, and the metaverse.

Six real-world incidents demonstrate that attackers can recover the private key even without reading it, by exploiting implementation flaws.

The underwriting investment banks valued Anthropic at $1 trillion, with a price-to-sales ratio of only 12, growth rate far exceeding that of Apple and Microsoft, and retail investor share as high as 20%.

When intelligence and labor are no longer scarce, what truly slows down the implementation of technology is the verification process: whoever can make the simulation, testing, and data loop run faster will hold the accelerator key for the physical world.