9:10
After Jensen Wong admitted to having an affair with an alleged Chinese spy, an independent investigation began. And what's important for us in this program is that investors are trying to understand what all this means. So, this is a very important week for cryptocurrencies. BTC falls, then recovers as Nvidia scandal causes $1 billion in liquidations. And if you own cryptocurrency, this applies to you. Not so much because of the Nvidia scandal, although yes, it affects all markets. We'll talk about it But there are three major macro events ahead that will affect the crypto market. Watch today's video in full to understand everything. We know that Nvidia just launched an investigation after their CEO Jensen Wong had an affair with an alleged Chinese
spy. It was supposedly a businesswoman whose company was buying advanced Nvidia chips. Traditional markets exploded today, except for Nvidia, which is probably the price of betrayal. And now the main question for those who own cryptocurrency: what happens next? Subscribe to Altcoin Daily to receive one video per day and stay up to date with crypto news. Regarding Nvidia, there are two things to understand from a time frame perspective. First, Nvidia has scheduled an earnings report for November 17th. So that's in about a week. Expect volatility in traditional markets next week as Nvidia is an AI trading brand and now there is uncertainty about the future of that brand.
Nvidia has this earnings report in about 7 days. I will be watching. But secondly, don't think this is new information about Jensen's novel. This is news to me. This is news to the public, yes, that's why the stock market or that's why Nvidia stock fell today. But it actually happened a year ago. So it's not ongoing right now. The government knew about this a year ago. I think investors, to be pragmatic, leaving aside what US intelligence knew about this event, this affair, since 2025. Okay? We were all wondering, remember last year or early this year, why Jensen wasn't invited to that Chinese meeting? Well, Trump knew about it in 2025. Then again, Marco Rubio apparently had a briefing in March 2026, and I think we now know why
he wasn't invited in the first place. And so I think Joe talked about earnings on November 17th, but guess what happens on November 18th? Yes. His closed hearing in Congress the next day. And so I think this will be a performance that is definitely worth listening to. I think Joe is absolutely right. So, obviously, traditional markets went up today. Billions of shorts were liquidated on Bitcoin, yet the price remained fairly stagnant. It was like a buoy, a sudden oscillation effect. But, in general, markets hate volatility. So if there is instability, will Jensen remain the face of the company? Will he be fired from
Nvidia, asked to leave the board of directors, or what future awaits this company? Good news can be factored into the price, bad news can be factored into the price, but if there is ambiguity, i.e. instability, it leads to volatility . Right now, I think what is much more important for cryptocurrency owners is the CPI report. It's tomorrow. By the way, I'm looking at the price of Nvidia, and in fact, starting on Sunday, starting over the weekend, the price started to drop rapidly. This is why you need to have both a decentralized and centralized exchange in your arsenal. Liquid is a decentralized exchange, and therefore non-custodial.
Firstly, they do not store your funds, and secondly, they work around the clock, that is, when news appears on weekends or after hours, while traditional centralized exchanges are closed, decentralized ones work 24/7. It was Monday morning. As soon as you heard the news about Nvidia, whether it was on Sunday when it happened or even a few hours later, you could have opened a short over the weekend and made a profit. Liquid Exchange is a decentralized exchange chosen by Altcoin Daily, a sponsor of the Altcoin Daily channel and community. To encourage you, try it yourself. Register with the Altcoin Daily referral code and get up to 10% off all fees for life, as well as a $25 bonus on your first deposit of $100 or more. You
need to have a decentralized exchange in your toolbox. Link below. Come trade with me. And that brings us to Tuesday's CPI inflation data for October. It will be tomorrow. I believe this will have a much bigger impact on the markets because this is what we are watching. The US CPI, or inflation data, is due tomorrow, and markets expect headline inflation to slow to 0.3% for the month, down from 0.6% previously. So, the market expects inflation to decline. Inflation is decreasing. An annual figure is not expected due to last year's government shutdown, so the focus is only on monthly figures. So, the government was shut down a year ago. We won't get that data. We will only receive month-to-month data
. And traders are betting on about an 80% chance of an FOMC rate hike in December. So if inflation data literally halve in a month, the market still predicts another rate hike in December. If inflation data turns out to be " hotter" and higher than expected, expect markets to take the news negatively. This will likely lead to a 90 or 95% probability of an interest rate hike in December. However, if inflation data is below 0.3 %, lower than expected, then the probability of a rate hike is lower, which is pleasing to the markets. And if you have invested in cryptocurrency, understand that fundamentals continue to improve, while the macroeconomic situation, at least for the next week, becomes more uncertain. But the fundamentals are getting better
. New York Stock Exchange selects Avalanche for tokenized stock settlements amid blockchain race on Wall Street. And that's a big win if you hold the AVAX token. Because Avalanche will serve as the primary settlement ledger for the exchange's planned blockchain stock market. And this is a real Mecca. This is the New York Stock Exchange. Listen as Ava Labs' President and COO explains this landmark move. Essentially, the New York Stock Exchange has decided to put the Avalanche blockchain at the center of its new infrastructure for tokenized stocks and 24/7 trading. So if you think about the full lifecycle of a deal, first there is issuance
and matching. After that, there's a lot that happens that the New York Stock Exchange knows about but that many of your viewers may not: clearing, settlement, cash collateral-all the things that make trading in stocks possible so that consumers or institutions that trade stocks can use these markets. With Avalanche at the core of their operations, key post- trade steps, such as settlement and clearing, which often take time and lock up capital, happen instantly. And so without this infrastructure solution, the transition to 24/7 markets that many exchanges around the world are striving for would not be as real as what the New York Stock Exchange is doing. So this is a big milestone not only for the blockchain
industry, but also for the securities industry in general. Don't make the mistake of thinking that the crypto world is over. No, the crypto world is really just starting out in terms of institutional demand, and any macroeconomic instability, any strong volatility, even a small and then a large downturn in Q4-it's just noise Short-term price action is noise to me when fundamentals are clearly pointing up and to the right. And it's not just Avalanche. Stop a taxi in New York City and you might well see an Injective pull up.
We've gone from ringing the opening bell on the Nasdaq to lighting up Wall Street and now thousands of taxis across New York City. Injective is taking over the financial capital of the world: slowly at first, then suddenly. And this is very good news for Chainlink, Solana, and AVAX. Starting today, anyone who trades on the old Charles Schwab financial system, or I mean, the Charles Schwab platform, starting today, Schwab crypto clients can buy and sell Solana, Avalanche, and Chainlink in addition to Bitcoin and Ethereum.
These new tokens are part of Schwab's plan to expand its digital asset offering in a measured manner And Charles Schwab, I believe, has millions of customers from the old system. Obviously, Bitcoin and Ethereum will be offered , but this is a very optimistic signal for institutional demand for Solana, Link, and AVAX. And very optimistic news for decentralized AI, the most important graph for Bit Tensor, in my opinion. 10.9% of Tau emission, i.e. new coins appearing on the market, both Bitcoin emission and Tau emission, almost 11% of Tau emission is now offset by demand generated by economic activity on the network.
The goal is 100%, and we are moving in that direction. So it's nice to see demand for Bit Tensor Tau slowly but surely growing. And few people realize that large centralized players like Anthropic are starting to pay attention to Bit Tensor . Listen as Const, founder of one of them, Bit Tensor, explains what Anthropic is getting attention for. Right now they are interested in what we are doing. We saw how it was, Anthropic's CEO, Clark, reached out to us when we were doing centralized learning and was interested in writing an article about us. He mentioned this in one of his blogs. And I think they are very aware of what we are doing, but we are not posing a threat yet. This is all an ongoing story. Click "
subscribe" if you invest in cryptocurrency to receive one video per day and stay up to date. As always, see you tomorrow.
