Crypto Daily: Morgan Stanley Removes Nvidia From Its Preferred Stock List, Korea Financial Security Agency Hacked

Author: TechFlow

Yesterday's Market Updates

Morgan Stanley Removes NVIDIA from Its Preferred Stock List

Morgan Stanley has removed NVIDIA (NVDA.O) from its preferred stock list, maintaining an "Overweight" rating.

Anthropic Discloses New Deal Worth Over $10 Billion

According to The Information, Anthropic has disclosed a new deal exceeding $10 billion.

Binance Co-founder He Yi: Legal Team Will Provide Legal Protection for Affected Female Employees

In a post by Binance co-founder He Yi, she stated that the Binance legal department will provide legal protection for affected female employees in response to rumors targeting women in the industry.

He Yi noted that multiple female professionals in the industry have been impacted by rumors recently, and she called for evaluating individual achievements based on standards unaffected by gender.

Former White House Advisor: Trump Still Intends to Buy Bitcoin, but Faces Legal Hurdles

According to Bitcoin.com News, former White House crypto advisor Patrick Witt stated that U.S. President Trump still intends to purchase Bitcoin for the U.S. strategic Bitcoin reserve, but open market purchases face significant legal issues. In the What Bitcoin Did podcast, Witt said the president is interested and there has been extensive discussion. A March 2025 executive order established the reserve, which consolidates government-confiscated Bitcoin, and directed the Treasury and Commerce Departments to find a "budget-neutral" acquisition strategy;

No such strategy has been made public, nor have any open market purchases been announced. Witt stated that because Congress controls federal spending, direct open market purchases are "questionable in terms of legality." He added that concerns over the purchases "led Congress to insert a provision in the National Defense Authorization Act (NDAA) prohibiting doing so." He noted efforts are underway to push for approval and authorization. Witt pointed out that making the reserve permanent would be even more difficult, requiring an independent bill in a divided Congress, which would be extremely challenging. Without legislation, the reserve would rely on executive orders, leaving it vulnerable to revocation by future presidents.

NVIDIA Board Launches Investigation, Jensen Huang May Remain in Role but With Limited Authority

According to Fortune, NVIDIA CEO Jensen Huang has admitted to an affair with Alice Huang, a former Megaspeed executive suspected of being a Chinese spy. The NVIDIA board launched an independent investigation on Sunday, stating the same day that they have confidence in Huang. On Monday, NVIDIA's stock fell as much as 8.8%, closing down approximately 4.3%, wiping out roughly $190 billion in market capitalization. Georgetown University Associate Professor Jason Schloetzer told Fortune that he expects the board will not make a "stay or leave" decision, but rather likely result in "remain with reduced authority," such as appointing a clear second-in-command, communicating succession plans more openly, and adjusting board seats to demonstrate stronger oversight.

Santa Clara University Associate Professor Jo-Ellen Pozner pointed out that NVIDIA's management structure is unusually flat, with Huang having dozens of direct reports, a setup that stifles the emergence of potential successors. Of NVIDIA's 11 directors, three, including Huang, have served continuously since the company's founding in 1993, and one joined in 1997. Pozner described the board as a "captive board," questioning whether it is willing to hold Huang accountable.

Senators Elizabeth Warren and Jim Banks issued a joint statement on Monday demanding a response from NVIDIA and urging tighter export restrictions on advanced AI chips to China. NVIDIA and Huang also face a proposed shareholder class action lawsuit alleging they misled investors regarding Huang's relationship with Alice Huang. Trump stated that the FBI is investigating the nature of the relationship. A NVIDIA spokesperson told Axios that Huang is committed to continuing as CEO without interruption. Polymarket traders see a 16% probability that Huang will resign or be dismissed before the end of the year.

Ethereum Layer-2 Network Scroll Completes Emergency Upgrade, Patching Proof Verification Vulnerability

According to disclosures on the Scroll governance forum, Scroll completed a mainnet emergency upgrade on November 10, registering a patched proof verification contract for batch version 10. The project team stated it received a bug bounty report on November 3, and verification confirmed the vulnerability was not exploited on the mainnet.

The vulnerability could allow old valid proofs to be used for new public inputs, potentially enabling arbitrary state roots and withdrawal roots to be finalized. Exploiting the vulnerability requires either authorized prover permissions or waiting for seven consecutive days without finalization to trigger forced batch processing mode.

Scroll stated that all 748 finalizations during the affected verification contract's operation used standard proofs, the forced mode was never activated, and early versions of the verification contract remain unaffected.

Korea Financial Security Institute Hacked, Approximately 300 Financial Institution Employee Records Leaked

According to Yonhap News, the Korea Financial Security Institute (FSI), under the Financial Services Commission, was hacked, resulting in the leakage of hundreds of records, including approximately 300 personal information entries of financial institution employees.

The reports indicate the targeted system was the FSI's routine information security assessment platform. Preliminary investigations revealed the leaked data includes approximately 200 administrative forms, over 300 personal information entries such as names and birthdates, and around 350 anonymized system user records.

The FSI immediately isolated the relevant systems upon detecting anomalous access in the afternoon of November 9 and reported it to regulatory authorities. It is reported that the attackers conducted the assault by frequently rotating IP addresses. To date, no sensitive data such as customer credit information, ID numbers, or financial institution system security configurations have been found to be compromised. Korean financial regulators have ordered a thorough investigation into the cause and demanded preventive measures.

Crypto Supporter Tom Emmer Elected Republican House Minority Whip

According to Cointelegraph, pro-crypto U.S. Representative Tom Emmer has been elected House Republican Minority Whip, continuing as the party's second-ranking leader in the House.

The report states that Emmer defeated Texas Representative August Pfluger in a secret ballot vote of 103 to 76. Democrats will take control of Congress in January next year after winning the midterm elections; Emmer previously served as the Republican majority whip.

In 2025, Emmer co-founded the bipartisan Congressional Crypto Caucus with Representative Ritchie Torres to advance digital asset legislation, including stablecoins and market structure reforms.

Anthropic CEO: Cancer, Alzheimer's to Become History in Less Than a Decade

According to Yahoo Finance, Anthropic CEO Dario Amodei stated in the company's IPO roadshow video that diseases such as cancer, Alzheimer's, heart disease, and mental illnesses will "in my view, become history in less than ten years."

Amodei said companies that manage risks well will earn society's trust and the "operating license" to be recognized as bringing AI benefits correctly; if done right, humanity can enter a "miracle era" capable of solving problems that have plagued civilization for millennia.

He also emphasized that while unlocking technological dividends and maintaining sustainable business models, all potential failure risks of this technology must be seriously addressed.

Any Telegram Message Can Now Become an App, Bots Can Read TON Wallet Balances

Telegram founder Pavel Durov posted on X that any Telegram message can now transform into an application under 4 KB in size, load instantly, render natively, support interactions, and feature built-in payment and viral distribution mechanisms.

According to Telegram's official BotNews channel, this update introduces Bot API 10.4, allowing bots and AI agents to send native HTML widgets within message bubbles, supporting dynamic layouts, interactive elements, and in-situ updates, with the same UI reusable across multiple messages.

Regarding TON wallets, the widgets can integrate with Telegram's native wallet, supporting signing transactions to bots or notifying users of transfers; bots can also read users' wallet cards, including balances and NFT stickers, and identify service messages related to wallet transfers.

Additionally, button clicks can trigger temporary replies visible only to the clicker; Premium users can set secondary usernames ending in agent, ai, app, game, etc., for up to two bots.

Today's Market Overview

Recommended Reading

Podcast Notes | Wall Street Macro Investment Veteran Jordi Visser: When Believers Abandon Crypto, It's the Eve of the Biggest Market Rally

https://www.techflowpost.com/article/35289

Wall Street macro investor Jordi Visser believes the crypto market may be brewing a major structural rally: as early crypto believers grow disillusioned and exit, traditional finance giants are accelerating research into asset tokenization and DeFi. This divergence in sentiment and capital flows resembles the dormancy phase after the dot-com bubble burst but before the mobile internet explosion. He noted Bitcoin recently rebounded from $60,000 to $69,000, exhibiting rare "7 Sigma" level volatility, and despite multiple headwinds, failed to make new lows, suggesting selling pressure may be exhausted. More importantly, the next growth cycle cannot rely solely on liquidity expansion, but must depend on genuine on-chain transaction demand driven by AI agents: stablecoins handle high-frequency micro-payments, Bitcoin manages large settlements and collateral, while networks like Ethereum, Arbitrum, and Solana capture value from trading activity. Meanwhile, Robinhood pushing stock tokenization and Hyperliquid offering 24/7 derivatives pricing could accelerate the convergence of traditional finance and crypto. Visser's core thesis is that AI agents will become the true users of the on-chain economy, and tokenization of private credit, real estate, and other assets could be a key breakthrough for the next wave of RWA growth. The above represents the interviewee's market judgment and forecasts, and does not constitute verified trends.

Airwallex Founder "Slaps Himself" in the Face: From Criticizing Stablecoins to Building a Chain

https://www.techflowpost.com/article/35281

Airwallex co-founder and CEO Zhang Shuo publicly questioned the actual value of stablecoins in 2025, arguing they could not genuinely reduce cross-border payment costs, and even stated straight out that crypto had failed to solve real-world problems over 15 years. Yet just 17 months later, his jointly founded blockchain company Alta completed a $47.5 million Series A round, bringing cumulative funding to $80 million, led by Index Ventures with participation from GV (Google Ventures) and others.

Alta is not a general-purpose public chain, but a Layer 1 built specifically for licensed financial institutions, utilizing recursive zero-knowledge proofs to protect transaction privacy while meeting regulatory requirements, and featuring built-in identity verification, programmable compliance, and transfer authorization mechanisms. Crucially, Airwallex will serve as a major distribution channel for Alta, helping it connect to a payment network spanning 200 countries and 90 currencies.

The article argues Zhang Shuo has not truly converted into a crypto believer; what he values is not crypto's speculative nature, but the financial infrastructure value behind stablecoins. As Stripe launches Tempo and Circle builds Arc, payment giants are vying for control over stablecoin issuance, settlement, and fiat off-ramps. The next competition won't just be about who issues the most stablecoins, but who masters the settlement network connecting on-chain funds with real-world finance.

Full Breakdown of Anthropic's IPO Roadshow: Curing Cancer Within a Decade, 85% Gross Margin, 900% Net Revenue Retention

https://www.techflowpost.com/article/35267

Anthropic has officially launched its IPO roadshow, planning to list on the Nasdaq under the ticker ANT with a target valuation of approximately $1 trillion. The prospectus reveals revenue reached $33.24 billion in the first three quarters of 2026, up roughly 12 times year-over-year, with net revenue retention hitting 900%, gross margin around 85%, and 11,900 clients generating over $100,000 in the past 12 months. However, beneath the rapid growth lie concerns: operating losses totaled $567 million in Q3, with compute and infrastructure spending reaching $9.86 billion, accounting for 58% of quarterly revenue; by the end of September, cumulative commitments for compute procurement and leasing soared to $895.4 billion. This IPO plans to issue 825 million shares at a price range of $70 to $78, expected to raise up to ~$64.4 billion, alongside a $26 billion private placement involving supply chain partners like Google and NVIDIA. The company also maintains 50.1% voting rights for the founding team through a special equity structure.

The true test of this IPO lies in whether Anthropic can transform staggering revenue growth into sustained profitability and prove that its nearly $900 billion in compute commitments will yield sufficient returns. Wall Street isn't just buying Claude's growth; it's purchasing a long-term bet on future AI compute demand.

"Crypto Twitter Is Dead": When Chasing Traffic Beats Finding Opportunities, Smart Money Is Exiting Public Timelines

https://www.techflowpost.com/article/35280

The golden age of Crypto Twitter (CT) has ended, but the crypto industry itself is not declining. Author washed draws on the rise and fall of sneaker reselling circles, money-making Twitter, and betting Twitter communities, noting these spaces often follow identical cycles: early participants profited from information asymmetry and arbitrage opportunities. As competition intensified and markets became saturated, opportunities dwindled, leading members to pivot toward building personal influence, monetizing through pump-and-dump calls, rebates, paid courses, and wealth-pump narratives. Today's Memecoin market faces similar dynamics; chances for ordinary retail windfalls are shrinking, while tangible benefits increasingly flow to top-tier players with traffic and social capital. Meanwhile, genuinely valuable trading opportunities and alpha are migrating to private Telegram and Discord groups, and on-chain execution.

The author emphasizes that the crypto industry continues to evolve, with blockchain becoming foundational infrastructure for traditional finance. However, discussions on public social platforms are increasingly detached from the sector's actual progress. While the industry can keep growing, those who once relied on public timelines to uncover opportunities and accumulate informational edges may have lost their former advantage.