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Evening wrap · November 13, 2026

Jensen Huang Resigns from Nvidia as Crypto Tumbles to 12-Week Lows

Crypto markets slid alongside tech shares following Jensen Huang's sudden exit from Nvidia, while regulators and corporate balance sheets faced mounting legal and structural friction.

  1. 1

    Jensen Huang steps down as Nvidia CEO amid board inquiry

    Nvidia stock tumbled up to 14% after Huang resigned, pushing $BTC toward $68,000 and sending Ether below $2,000 as Colette Kress stepped in as interim chief executive.

  2. 2

    Metaplanet posts $170M nine-month net loss on Bitcoin trading churn

    The Japanese firm dropped $119.8 million selling 10,000 $BTC to prove liquidity before rebuying at a 9.3% premium, as index provider MSCI prepared to drop the stock on Nov. 30.

  3. 3

    Trump submits four bipartisan nominations to restaff SEC and CFTC

    The slate would restore regulatory quorums for federal crypto rulemaking during a brief post-election lame-duck window following the legislative failure of the Clarity Act.

  4. 4

    DOJ and CFTC sue Arkansas to protect Kalshi from state gambling enforcement

    Federal prosecutors argue sports event contracts are CFTC-supervised swaps that preempt state gambling statutes, intervening against state penalties of up to $10,000 per violation.

  5. 5

    Cboe and Citadel Securities sue CFTC over equity perpetual futures approval

    Traditional exchanges challenged Chairman Selig's clearance of 24/7 single-stock perpetuals, winning early support from Judge Caproni on claims the agency exceeded its remit.

Numbers

Bitcoin traded down 3.6% at $68,828 with dominance at 58.9%, while Ether fell 3.4% to $1,946 and the Fear & Greed Index fell to 20.

Watch

Nvidia's fiscal third-quarter earnings report and leadership update scheduled for Tuesday. · MSCI benchmark rebalancing execution removing Metaplanet and Strategy at the market close on Nov. 30. · Senate Agriculture and Senate Banking committee confirmation hearings for new SEC and CFTC nominees before January.

Full text

Tech and digital asset markets slumped in tandem after Nvidia chief executive Jensen Huang abruptly stepped down, pushing benchmark cryptocurrencies to multi-month lows as corporate balance-sheet churn and federal-state jurisdictional conflicts deepened.

  1. Jensen Huang steps down as Nvidia CEO amid board inquiry: Nvidia shares sank up to 14% after Huang resigned from the board and executive office, dragging $BTC toward $68,000 and sending Ether below $2,000 as Chief Financial Officer Colette Kress assumed interim leadership.

  2. Metaplanet posts $170M nine-month net loss on Bitcoin trading churn: The Japanese public company lost $119.8 million liquidating 10,000 $BTC to demonstrate liquidity to creditors before repurchasing tokens at a 9.3% markup, arriving ahead of its planned removal from MSCI indexes on Nov. 30.

  3. Trump submits four bipartisan nominations to restaff SEC and CFTC: The White House submitted four regulatory nominees, including Nathan Anonick and Kristin Johnson, seeking to reestablish quorums to govern crypto custody and market structure before the new Congress convenes in January.

  4. DOJ and CFTC sue Arkansas to protect Kalshi from state gambling enforcement: Federal authorities filed suit to prevent state prosecutors from levying $10,000 fines per violation against the prediction market, arguing event contracts represent federally regulated swaps.

  5. Cboe and Citadel Securities sue CFTC over equity perpetual futures approval: A coalition of incumbent financial venues challenged the CFTC's greenlight of round-the-clock single-stock perpetual contracts, securing early judicial signals that the agency may have overstepped its statutory powers.

Numbers: Bitcoin traded down 3.6% at $68,828 with dominance at 58.9%, while Ether fell 3.4% to $1,946 and the Fear & Greed Index fell to 20.

Watch:

  • Nvidia's fiscal third-quarter earnings report and leadership update scheduled for Tuesday.
  • MSCI benchmark rebalancing execution removing Metaplanet and Strategy at the market close on Nov. 30.
  • Senate Agriculture and Senate Banking committee confirmation hearings for new SEC and CFTC nominees before January.

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