Crypto Morning Brief: Jensen Huang Resigns as NVIDIA President and Other Roles Effective Today; U.S. Plans to Expand Export Controls on NVIDIA AI Chips

Nvidia’s board removed CEO Jensen Huang effective November 12, naming CFO Colette Kress as interim chief executive, with Huang agreeing to testify before Congress by Thanksgiving. The shake-up coincides with a proposed US Commerce Department rule that would tighten AI-chip export licenses for Singapore, Malaysia, Thailand, Indonesia, Brazil, Norway and South Africa, forcing buyers to disclose end users and uses to stop Chinese firms renting Nvidia Blackwell-or-newer compute via overseas data centers. On Hyperliquid, the largest Anthropic short added to a position now worth $70.5 million with about $1.41 million in unrealized profit, as pre-market ANT traded near $104 versus the $70–78 IPO range that implies a $1.26–1.405 trillion valuation on an $82.5 billion raise at the top end. Huma co-founder Richard Liu said a hacked early liquidity provider wallet dumped roughly 12 million airdropped HUMA on October 22, while HUMA open interest rose from about 620 million to 1.1 billion tokens between November 2 and 7 and funding stayed negative from November 4. OpenAI raised $15 billion at a $1.25 trillion valuation, and TSMC confirmed a 6.9GB leak of about 46,000 employee records from an external cloud supplier, with hackers asking 3 BTC (about $220,000).