TechFlow Intel Desk: NVIDIA Board Investigates Jensen Huang Over Spy Mistress, Bitcoin Falls Below $74,000

AI / Large Models

Goldman Sachs Removes Claude Code from Bankers and Traders

Due to security concerns, Goldman Sachs has removed Claude Code from its trading and banking divisions, tightening compliance boundaries for AI coding tools in the financial sector.

Hot Take: The community debates whether this is a security review or the conservative instinct of an old-school investment bank toward new tools.

Source: The State of AI | Hacker News

Llama-modchip Runs a 284B Large Model on 64GB of Memory

An open-source project runs DeepSeek 284B using Apple Silicon's unified memory without requiring a GPU, significantly lowering the hardware threshold for localizing large models.

> Hot Take: In the future, the barrier to running large models won't be graphics cards, but whether you own a top-spec MacBook and have the stomach to ignore screaming fans.

Source: GitHub | Hacker News

ChatGPT Sued for Sending User Conversations to Meta and Google in Real Time

A class-action lawsuit filed in May has come to light, accusing ChatGPT of transmitting user sessions to third parties in real time, prompting widespread sharing of privacy-related tools and discussions.

Source: Manta Network

Crypto / Web3

Bitcoin Drops Below $74,000 as $1 Billion in Liquidations Wipes Out Positions in 10 Minutes

BTC fell below $74,000, ETH dipped under $2,125, and SOL dropped below $90, triggering massive market liquidations in a short span.

> Hot Take: The crypto market's personality test is back: Are you "buying the dip" or getting "wiped out"? You'll find out in minutes.

Source: Orderly Network | Polymarket

Binance CFO Resigns Following $6.3 Billion Hack

Kaiser Ng steps down as Binance CFO, succeeded by Justin Yek. Ars Technica reports that hackers spent months planning the theft.

Source: Ars Technica

INJ Lists on Nasdaq: First U.S. Staking INJ ETF Launches

$INJC hits the Nasdaq, targeting up to 90% staked INJ with automatic reinvestment. Injective also introduces an institutional channel for banks, and the Bloomberg Terminal now lists this ETF.

Source: Injective

Chips / Hardware

NVIDIA Board Investigates Jensen Huang: Affairs Linked to Foreign Intelligence

After Jensen Huang publicly acknowledged his extramarital affair, the board launched an investigation into individuals allegedly connected to Chinese intelligence agencies. NVIDIA shares fell more than 5% in premarket trading, while Frankfurt dropped 5.9%.

> Hot Take: In Silicon Valley, the most expensive things aren't chips, but CEOs' private lives.

Source: CNN | WSJ | TechCrunch

NVIDIA's "Largest GPU Theft in History": $11.4 Million in Hardware Goes Missing

The topic trends heavily on Zhihu, sparking intense discussion. The market interprets it alongside NVIDIA's recent stock volatility and Jensen Huang's personal controversies.

Source: Zhihu

Yale Scholar: Jensen Huang Has a Roughly 50/50 Chance of Keeping His Job

Jeffrey Sonnenfeld believes Huang's position remains in a delicate balance, with the investigation results determining the stability of NVIDIA's management team.

Source: TechCrunch

Foreign Ministry Responds to Rumors of 600,000 NVIDIA Chips Being Shipped to China via Hong Kong

Reuters reported that a large volume of advanced NVIDIA chips is awaiting shipment to mainland China from Hong Kong. The Chinese side stated its stance remains consistent and directed inquiries about specifics to relevant authorities.

Source: Jinshi Data

Shanghai Micro Electronics Unveils Next-Generation Lithography Machine Prototype

With 2.86 million views on Zhihu, the discussion focuses on the core technical hurdles that still need to be overcome between prototype and mass production.

Source: Zhihu

U.S. Stocks

Nasdaq Plunges 5.5% in Single-Day Crash, Evaporating $2.5 Trillion in Market Cap

Tech stocks suffered heavy losses, pushing the Nasdaq officially into correction territory and marking its largest single-day drop in 19 months. NVIDIA and AMD led the declines, compounded by the impact of Huang's investigation and the midterm election results.

Source: Crowdfund Insider

Robinhood Opens U.S. IPO Subscription to UK Retail Investors

UK retail investors can now participate in U.S. IPOs, marking a significant step forward in HOOD's international retail brokerage operations.

Source: Robinhood | Cointelegraph

Finance / Macro

Three Tankers Explode and Catch Fire in the Strait of Hormuz, Halting Oil Smuggling

Iran claims three illegal tankers exploded after hitting mines, declaring that "oil smuggling" through the strait has been completely cut off. Oil prices and risk-off sentiment rise simultaneously.

Source: First Squawk

Trump Initiates Operation "Iron Gate," Expanding Blockade to Land Transport

The U.S. blockade on Iran expands from maritime to land routes, with Trump stating that "almost no supplies can enter or leave Iran." He also indicated that further strikes on Iran would be "highly unlikely" if negotiations yield progress.

Source: Polymarket | CBS News

Federal Reserve Officials Unite in Support of Further Rate Hikes

Williams, Musalem, and Daly all support continuing rate hikes, increasing bets on a December increase. The attack on Saudi oil tanks further drives up inflation expectations.

Source: Jinshi Data

New Products / Emerging Trends

SpaceX Starship Flight 15 Scheduled for November 13

This mission will attempt to recover both the spacecraft and booster simultaneously for the first time. Success would mark a major milestone for reusable spaceflight.

Source: Zhihu

Epic Games Launcher Coming to SteamOS

Epic partners with SteamOS, meaning handheld console players may soon be able to access Epic library games without hassle.

Source: The Verge

Hackers Simultaneously Exploit iOS and Android Flaws to Infect Mobile Devices

A cross-platform attack targets both major mobile systems simultaneously. Users are advised to update to the latest security patches as soon as possible.

Source: Ars Technica

The Underlying Thread Today

Almost everything today revolves around one word: trust. The NVIDIA board investigates Jensen Huang because the boundary of national security—where trusting a CEO overlaps with trusting a chip giant—has been breached; Goldman Sachs removes Claude Code because financial institutions lack sufficient trust in the data boundaries of AI tools; Binance's CFO resigns after a $6.3 billion hack because market trust in the exchange's security capabilities requires personnel changes to restore; Bitcoin dropping below $74,000 represents the crypto market testing the trust threshold of all participants in a single event.

Meanwhile, the tanker explosions and "Iron Gate" blockade in the Strait of Hormuz create another layer of trust crisis at the macro level: when the world's most critical energy corridor becomes unsafe, all risk assets—from the Nasdaq to Bitcoin—must reprice uncertainty. Internal scandals in the tech industry, leverage liquidations in crypto markets, and geopolitical energy panic appear as three independent narratives, but they ultimately force investors to ask the same question: Can your risk exposure withstand a breakdown of trust?