NVIDIA CEO Jensen Huang admitted on "The Joe Rogan Experience" podcast that every day he wakes up feeling like the company is only 30 days away from bankruptcy. He stated that this is not a joke, but a mentality forged by harsh reality—from making a wrong technical move in 1995 that nearly bankrupted the company overnight, to risking half of their cash on a successful tape-out, to launching CUDA with no applause as the company’s market cap fell from $12 billion to $2 billion, and even investing billions into DGX1 only to receive zero orders. Each time, they were just one step away from shutting down, which led him to adopt a "fear-driven" pace. Even now, with NVIDIA's market cap exceeding a trillion dollars, he still pushes forward with the same mindset.
Overwhelming pressure in the early days of the startup, anxiety so intense it felt like the world was spinning
Jensen Huang spoke about NVIDIA’s early days, describing that period as being weighed down by uncertainty almost every single day.

Inversion founder Santiago Santos and Dragonfly managing partner Haseeb Qureshi recently got into a heated argument on X regarding L1 valuations. The former bluntly claimed, "Most L1s are severely overvalued, and ETH may never return to its ATH," while the latter fired back, "These aren't companies, they're nation-level infrastructure—you are underestimating long-term exponential growth."
Now, the two have participated in a live debate lasting over an hour, moderated by crypto KOL Threadguy, delivering an intense and in-depth exchange on the topic of "How should L1s actually be priced?"
L1 Value Bubble? Santiago: Valuations are out of touch with reality, demand isn't there
Before the debate even began, Santiago got straight to the point: "In the past ten years, over a hundred

U.S. Treasury Secretary Bessent (Scott Bessent) discussed the Taiwan issue at the New York Times DealBook Summit (DealBook Summit), focusing on topics ranging from the possibility of defending Taiwan to risks in the semiconductor supply chain. He declined to answer hypothetical questions about military issues and emphasized that U.S.-Taiwan relations "have not changed." At the same time, he pointed out that any disruption to Taiwan's chip industry would be the world's biggest risk, and the U.S. de-risking policy does not mean diminishing Taiwan's importance.
Bessent still unwilling to state whether the U.S. would come to Taiwan's defense if China attacks
The host pointed out that Taiwan has significantly increased its defense spending in recent years, mainly due to concerns about possible military action by China, and directly asked Bessent:
"If China invades Taiwan, will the United States intervene?"
Bessent clearly refused to answer such a hypothetical question, adding that the media loves to use words like "possible" to stir up emotions and imagination, but he does not

On-chain data firm CryptoQuant believes that MicroStrategy's recent establishment of a $1.44 billion cash reserve indicates the company has entered defense mode, signaling that Bitcoin is shifting towards a bear market. As buying slows, analysts estimate that Bitcoin may trade in the $55,000 to $70,000 range over the next year. However, CEO Ki Young Ju emphasized that this downturn will not repeat the massive crash of 2022.
Is MicroStrategy switching from offense to defense? CryptoQuant: Establishing a USD reserve signals market downturn
A few days ago, MicroStrategy announced the establishment of a $1.44 billion USD reserve to pay preferred share dividends and debt interest.
CryptoQuant pointed out that this means the company is taking a more conservative outlook on the future market, no longer relying on continuous stock issuance to purchase Bitcoin, but instead prioritizing securing one to

Anthropic CEO Dario Amodei admitted at the New York Times DealBook Summit that the entire AI industry's data centers and infrastructure require enormous investments and years to build, yet the market is still uncertain about how quickly AI’s economic value will grow. He stated that Anthropic has managed its spending as responsibly as possible, but there are indeed companies in the industry investing in a "YOLO-style" manner—that is, recklessly sprinting ahead and pushing risk to excessively high levels.
The industry faces a dilemma: AI requires huge spending, but the payback period is uncertain
Amodei pointed out that the core issue for the AI industry right now is that the gap between investment and returns is growing larger.
He said that data center construction is on a massive scale, and it can take several years from planning to completion, with just getting started often requiring hundreds of billions of dollars.

Solana Mobile announced that the native SKR token will be launched in January 2026, becoming the economic and governance core of the Seeker mobile ecosystem. The official announcement today revealed the complete tokenomics, including a 30% airdrop, a 25% ecosystem growth fund, and a staking-based inflation model, aiming to build a highly decentralized, user- and developer-driven mobile platform. This move indicates that Solana is viewing mobile devices as the next battleground for Web3 expansion.
Solana Mobile launches ecosystem token SKR, debuting next January
Solana Mobile, a subsidiary of Solana Labs, announced that its flagship product Seeker mobile ecosystem token SKR will go live in January 2026, and will become the Seeker mobile ecosystem

US-regulated prediction market Kalshi has announced an exclusive partnership with CNN, becoming the media outlet’s official prediction market partner. CNN will integrate Kalshi’s real-time event probabilities into its news programming, digital platforms, and social content to interpret future trends, marking the prediction market’s formal emergence as a mainstream media information source. At the same time, Kalshi has just completed a $1 billion funding round, bringing its valuation to $11 billion.
CNN integrates Kalshi’s real-time probabilities, steering news narratives toward the future
Through its partnership with Kalshi, CNN can access real-time, API-delivered prediction market data covering a wide range of events including politics, culture, news, and weather.
Kalshi uses this video as an example of how CNN integrates prediction market data
Kalshi co-founder and CEO

In Malaysia, authorities are using drones, handheld sensors, and resident complaints to track illegal Bitcoin mining operations. These miners steal electricity, causing $1.1 billion in losses to the state-owned energy company.
Illegal electricity theft for mining in Malaysia has resulted in losses of up to $1.1 billion in electricity costs over five years.
According to Bloomberg, in Malaysia's hotspots for illegal cryptocurrency mining, the crackdown begins from the sky.
Drones hover over rows of shops and abandoned houses, searching for abnormal heat sources. On the ground, police use handheld sensors to detect unusual electricity usage. Sometimes, the methods are more primitive—residents call the police after hearing strange bird sounds, only for officers to discover someone is playing nature sound effects to mask the roar of mining machines behind tightly closed doors. Together, these tools form a surveillance network targeting illegal Bitcoin miners.
In the past five years, authorities have seized about 14,000 illegal mining operations.

U.S. Secretary of Commerce Lutnick (Howard Lutnick) stated in a recent interview that the United States is negotiating with Taiwan, hoping that Taiwan will make a "large-scale" investment commitment to the U.S. Meanwhile, Taiwan’s President Lai Ching-te emphasized that Taiwan supports America's drive for reindustrialization and semiconductor reshoring, but to truly implement these plans, the U.S. must do better in areas such as land, utilities, talent, and investment incentives.
U.S. and Taiwan continue negotiations, U.S. aims for 50% of chip manufacturing to return to the homeland
Lutnick stated that the U.S. and Taiwan are in the negotiation stage, and the Trump administration’s core goal is to bring more semiconductor manufacturing back to the U.S. He expressed hope that in the future, 40% to 50% of America’s chip demand can be supplied by domestic production, which is a crucial part of America’s reindustrialization efforts.
(U.S. Secretary of Commerce Lutnick: U.S.-Taiwan chip production capacity should be split 50-50 to strengthen the anti-China defense line

JPMorgan warns that MicroStrategy may be removed from the MSCI index in 2026, which could lead to nearly $9 billion in capital outflows, but notes that the MSTR stock price has already reflected this risk. If the removal occurs, the downside is limited; on the other hand, if it remains in the index, there could be a strong rebound. JPMorgan predicts that Bitcoin will approach a price of $170,000.

FSC Chairman Peng Jinlong stated in the Legislative Yuan that if the Virtual Asset Service Act is successfully passed, a locally issued stablecoin in Taiwan could be officially launched as early as the second half of 2026, with issuance initially handled by financial institutions. The bill must be reviewed by the Executive Yuan and will take effect only after a six-month grace period, with the regulatory framework designed by referencing the EU’s MiCA.

A former gaming livestreamer turned "forex trader" influencer claimed to have been kidnapped, with approximately $170,000 in cash and cryptocurrency taken from his exchange account. Two suspects have been arrested, while one remains at large. However, some netizens have revealed the influencer's shady past: three years ago, he promoted a Ponzi scheme promising "90% monthly returns," and the project later ran off with investors' funds.
Crypto influencer set up and kidnapped, $170,000 in cryptocurrency stolen
The crypto influencer shared his kidnapping experience on IG, stating that the perpetrators had long approached him under the guise of wanting to exchange trading insights. The two met at a Starbucks near his home for nearly an hour, and the atmosphere seemed friendly. Unbeknownst to him, the other party had already planned the crime. Using a gift supposedly brought from Japan as an excuse, the perpetrator lured him to the parking lot, where two accomplices rushed out from the bushes, struck him on the head, and sprayed him with pepper spray before forcing him into a car.
He stated that the kidnappers used restraints

J.P. Morgan released its 2026 investment outlook report, highlighting three key themes throughout: "Artificial Intelligence (AI)," "global fragmentation," and "inflation." J.P. Morgan points out that the era of low inflation and seamless globalization has clearly come to an end.
Instead, three powerful and interconnected forces are shaping a new market landscape. Together, they constitute a fundamental challenge: How should we invest when the prospects for AI-driven productivity growth are in conflict with more persistent, volatile inflation and a fragmented world order? This article will focus on summarizing the chapters related to the AI bubble.
2026 Investment Keywords: AI, Global Fragmentation, and Inflation
J.P. Morgan believes that the most significant change brought by artificial intelligence is its potential to reduce the cost of professional skills to zero, describing this transformation as comparable to the rise of computer technology. This...

Investment bank Mizuho Securities recently reiterated its "Outperform" rating on MicroStrategy (MSTR) and maintained its price target of $484 per share. This update came shortly after a Q&A session between the firm's analyst Dan Dolev and MicroStrategy CFO Andrew Kang. The meeting revealed several key insights into the company's capital management strategies and its approach to managing Bitcoin assets.
Successfully Raised $1.44 Billion to Cover 21 Months of Preferred Stock Dividends
MicroStrategy recently raised $1.44 billion in capital to bolster its US dollar reserves and ensure that it can pay 21 months of preferred stock dividends without needing to tap into its Bitcoin assets. This funding will also strengthen the company's overall financial stability, enabling it to

Although the BTC-backed lending market has grown to a scale of billions of dollars, most of this activity relies on custodial models. Against the backdrop of decentralized finance (DeFi) long depending on wrapped Bitcoin (WBTC) and custodial intermediaries, the collaboration between Bitcoin staking project Babylon and Aave is bringing a breakthrough advancement to DeFi: native Bitcoin (Native BTC) can be used directly as lending collateral. This integration will be supported by Babylon's Trustless Vaults and will be officially enabled in the upcoming V4 version of Aave, meaning DeFi is expected to connect with real Bitcoin liquidity on a large scale for the first time.
Moving away from wrapped assets: Aave to support native Bitcoin collateral
In the past, the way for BTC to enter the DeFi market was extremely

Taiwanese fintech company Quantrend Technology has recently erupted into a serious ownership dispute. The two co-founders, Tai-Yuan Chen and Jing-Teng Hsu, each issued statements yesterday (the 3rd), launching intense mutual accusations regarding the company’s financial status, the whereabouts of funds totaling up to NT$100 million, and the attribution of management responsibilities. Both parties have confirmed that the case has entered judicial proceedings, with former business partners now facing each other in court.
(Men’s restroom full, hiding in the women’s restroom? Stealing company sofas and bottled water? Former “entrepreneurial genius” Tai-Yuan Chen alleged to have committed embezzlement, sexual harassment, and other outrageous acts)
The whereabouts of Quantrend Technology’s hundreds of millions in funds remains a mystery
The dispute was triggered by the disappearance of more than NT$100 million in company assets.
Tai-Yuan Chen, both founder and supervisor of Quantrend Technology, stated in his announcement that when he fulfilled his supervisory duties and audited the accounts in October this year, he discovered that then-CEO Jing-Teng Hsu had handled bank deposits...

Amazon Web Services (AWS) has recently deployed its next-generation AI accelerator chip, Trainium3, to select data centers and officially opened it for customer use starting from 12/2. This chip is seen as Amazon’s key weapon in catching up with (NVIDIA) and Google in the field of AI computing, with official claims highlighting its high performance and cost-effectiveness. However, it has also been noted that, despite AWS being a cloud leader, it is still less attractive to AI model developers compared to Microsoft and Google. The urgent priority is to deliver in-house hardware that can truly strengthen enterprise customer retention and enhance ecosystem stickiness.
Trainium3 goes live, AWS accelerates its AI chip deployment
AWS Vice President Dave Brown stated that the latest generation AI accelerator chip, Trainium3, has already been deployed in select data centers