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

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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.

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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.

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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.

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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.

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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.

The 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.

What to 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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