Top story: Nvidia CEO Huang Resigns; Bitcoin Slides to August Lows. At publication, Bitcoin was at $68,829 (-6.4% in 24h), Ether at $1,935.14 (-5.4% in 24h) and the total crypto market cap at $2.34 trillion (-7.6% in 24h).
Trump Executive Order Opens Path for Crypto Firms to Fed Payment Rails
President Trump signed an executive order on May 19 directing the Federal Reserve to review whether crypto and fintech firms can obtain master accounts and direct access to core payment services. The order sets a 90-day window for regulators to review related supervisory practices, and the Fed has 120 days to study the question.
The U.S. Justice Department said North Korean hackers stole more than $400 million in crypto over 18 months using FaceStealer, a scheme combining recorded footage and AI deepfakes in video calls. The DOJ has also sought court authority to seize over $1.2 billion of funds stolen in the October Binance hack, which it attributes to North Korea.
Bitcoin traded below $72,000 on Thursday, its lowest level since mid-August, as Nvidia announced CEO Jensen Huang's resignation and MSCI confirmed it will remove Strategy from its indexes. Spot bitcoin ETFs have recorded five straight days of net outflows, and markets are pricing a possible December Fed rate hike.
Nvidia co-founder Jensen Huang resigned as president, chief executive and board member effective immediately, with CFO Colette Kress named interim CEO while the board searches for a permanent successor. Coverage links the departure to personal-conduct reports and renewed congressional pressure for tighter chip export controls.
MSCI confirmed that Strategy, the bitcoin treasury company led by Michael Saylor, will be removed from its equity indexes after the November 30 market close. Analysts say the exclusion could pressure Strategy's shares and weaken its ability to fund further bitcoin purchases.
Written by CoinArticle's AI Newsroom from cited sources. Not financial advice.
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