Nvidia board opens probe in Huang case, Bitcoin holds at $73,500

Key points

  • Nvidia board opens independent probe into reports Huang was targeted by foreign intelligence
  • Board says it has confidence in Huang and no reason to believe Nvidia secrets were compromised
  • Bitcoin holds at $73,484, down 0.4% in 24h, while HYPE is down 14.7% in 7 days
Alex Numeris
Alex Numeris•
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Metric

Value

BTC price

$73,484

BTC 24h change

-0.4%

BTC 7d change

-8.6%

HYPE price

$71.28

HYPE 7d change

-14.7%

Nvidia's board of directors has opened an independent investigation following reports that founder and CEO Jensen Huang was the target of a foreign intelligence effort. The statement announces no leadership change, and Bitcoin holds at $73,484, down 0.4% over the past 24 hours.

What the Nvidia board said

In an official statement published on the company's newsroom, the board said a committee of independent directors, assisted by outside independent counsel, will oversee the investigation.

  • The board has no reason to believe national security or Nvidia secrets were compromised
  • The inquiry will still examine all available information
  • Huang fully supports the review and has committed to cooperating
  • The board says it has confidence in Huang and his leadership team

The board stressed that U.S. national and economic security is paramount to the interests of Nvidia and its shareholders. No timeline for the probe was announced - the company only said it will provide further updates as appropriate.

No leadership change announced

The statement does not mention any change at the top of the company. The only process announced is the independent investigation, and Huang remains CEO with the board's stated backing.

The board does not name the source of the reports and gives no details about the intelligence effort it refers to.

Bitcoin down 0.4% in 24h

Coin

Price

24h

7d

BTC

$73,484

-0.4%

-8.6%

ETH

$2,046.96

-0.7%

-15.6%

HYPE

$71.28

-1.0%

-14.7%

Bitcoin trades at $73,484, 41.7% below its all-time high of $126,080. 24h trading volume is $24.6B and market cap stands at $1.48T. Over 7 days, BTC is down 8.6%.

Ethereum is at $2,046.96, 58.6% below its all-time high of $4,946, and has lost 15.6% over the past 7 days. 24h volume is $8.8B on a market cap of $250.2B.

HYPE, the Hyperliquid platform token, trades at $71.28, 27.2% below its all-time high of $97.96. The token is down 1.0% in 24h and 14.7% in 7 days. Market cap is $17.1B and 24h volume is $906M.

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