Nvidia, Jensen Huang and Crypto
OpinionThe World's Biggest Heist — Part 3
This article is written by Mariam Dar.
It's a chaotic week for Nvidia — not about chips, but about CEO Jensen Huang and leadership.
Huang and Nvidia was hit by a scandal that had nothing to do with chips or earnings. The whole week goes through his alleged girlfriend and Nvidia and now how Musk can far from all this, so lets cover the story and have a look how it has affected crypto badly.
This week's big story right after the Trump interview will be covered soon.
Pakistan Prepares to Welcome 4,000 Indian Sikh Pilgrims for Guru Nanak’s 557th Prakash Purab
USD 2.4 Billion Off the Radar: Why Pakistan Must Overhaul Airlines Payment Gateways Now
For more such Opinions & Blogs, click here.
Let's check the facts first:
Nvidia Corporation was founded in 1993 by Jensen Huang, Chris Malachowsky and Curtis Priem. It began as a company making graphics processing units (GPUs) for video games, but over the last decade it transformed into the dominant supplier of the chips that power artificial intelligence.
Nvidia Corporation founded in 1993 by Jensen Huang, Chris Malachowsky and Curtis Priem, began as a company making graphics processing units (GPUs) for video games, but over the last decade it has transformed into the dominant supplier of the chips that power artificial intelligence.
Today, Nvidia's GPUs and data-center systems are used by almost every major AI lab, cloud provider and hyperscaler — from Microsoft and Google to OpenAI — to train and run large AI models.
That position made it the spearhead of the global AI race and, in October 2025, the first publicly listed company to hit a $5 trillion market value.
Huang, its co-founder and CEO, has been central to that story. He is known for his signature black leather jacket, his hands-on leadership style, and for building Nvidia into a company with no obvious second-in-command. He reportedly has around 60 direct reports and has driven product, strategy and customer relationships himself for more than 30 years.
That concentration of power is now the company's biggest vulnerability.
The trigger is reports of a second alleged affair. The first involved Alice Huang (no relation), an executive at Singapore-based data company Megaspeed, who has been described in reports as a suspected spy for China. That alone raised national-security and corporate-governance concerns for a company that supplies critical AI technology to the US government and its allies.
Pakistan Prepares to Welcome 4,000 Indian Sikh Pilgrims for Guru Nanak’s 557th Prakash Purab
Russian Ambassador to US Alexander Darchiev Dies Suddenly at 66
Renowned Urdu Writer, Poet and Humorist Prof. Mashkoor Hussain Yaad Dies at 92
The second reportedly involves a company executive who reports to him.
Nvidia's board opened an independent investigation on November 8 and hired the law firm Wachtell, Lipton, Rosen & Katz to review the espionage allegations, according to CNBC reporting cited in coverage.
On social media, that story is dominating everything — CNN, CBS, BBC, Bloomberg and others all posted breaking-news graphics overnight about the board reportedly preparing to oust Huang.
The reports also suggest that the board may consider appointing an interim CEO while looking for a permanent replacement.
The news has created unexpected turbulence in the crypto market. What's interesting is that Nvidia doesn't directly hold major crypto assets or tokens, so why is the crypto market reacting to news surrounding the company?
The connection goes deeper than direct crypto holdings. Nvidia's technology has played a major role in the crypto industry, from GPU mining to AI-powered blockchain projects. Several crypto projects have also been linked to Nvidia's ecosystem and technology like WLD, FET, RNDR, AGIX, and AKT.
Over the past year, we've also seen how closely crypto markets follow Jensen Huang's public appearances, conference participation, and comments about AI and the future of technology. Even the possibility of his participation in major tech or crypto-related events has attracted market attention. This shows just how much influence Nvidia and its CEO have beyond the traditional tech industry. Even without directly holding cryptocurrencies, developments surrounding Huang and Nvidia can create waves across the digital asset market.
Veteran Media Professional Abid Abdullah Passes Away
Rahmat Shah becomes first Afghanistan cricketer to break into ICC Test top 10
Punjab Government Appoints Malik Salman Aslam as Prosecutor in Punjab Narcotics Force
There could be several possible reasons behind this, but one factor that cannot be overlooked is BlackRock.
BlackRock is not a business partner or supplier to Nvidia in the operational sense. Rather, it is one of Nvidia's largest institutional shareholders, making it one of the company's most influential investors.
BlackRock aims to make market more digital, as these are the whales who pumps and dumps market, investors must be aware about BlackRock fully with solid facts as it impacts so hardly on short to long terms investment especially on crypto.
BlackRock is one of Nvidia's largest institutional shareholders, making it one of the company's most influential investors. It aims to make the market more digital, as these are the whales who pump and dump the market.
Bitcoin (BTC) fell from $75,607 to $73,510 in just 10 minutes on Sunday evening, its lowest price since August 21. It later fell as low as $73,761 before recovering back above $75,000.
Ethereum (ETH) fell even harder — down 4.2% in the same window, dropping below $2,100.
More than $1 billion in leveraged crypto positions were liquidated within 24 hours, the large majority of them long positions.
On November 9, CoinDesk reported only 5 of the top 100 cryptocurrencies gained more than 1% in 24 hours, as the Nvidia-led tech selloff weighed on crypto majors.
The pattern repeated on November 5 as well: Bitcoin fell almost 6% as the Nasdaq plunged 5.5% on AI fears.
To say a lot in few words “NVIDIA’s crisis is no longer just about stocks. It has turned into a market roller coaster.”
For more such Opinions & Blogs, click here.
Ramon Airport Evacuated, Flights Suspended After 4.5-Magnitude Earthquake Near Eilat, Israel
Unknown Persons Open Fire on CRPF Checkpost in Kashmir’s Kulgam, Several Personnel Injured
Indian President’s Bodyguard Shot in Head During Diwali Firecracker Dispute in UP
Six Coaches of Kolkata-Sairang Express Derail Near Guwahati, Several Passengers Injured
US House of Representatives Rejects Impeachment Bid Against Defense Secretary Pete Hegseth
This article is written by Mariam Dar.
Stay tuned to Baaghi TV for more. Download our app for the latest news, updates & uncensored content!
Further Reads
