Yesterday’s Biggest Headlines

Crypto Market Watch

1. Jensen Huang’s resignation rattled crypto Thursday, and bitcoin tumbled to a nearly 12-week low of $71,200 before holding near $71,600 as ether, Solana, and XRP each lost more than 3.5%. The Block said more than $750 million in crypto positions were liquidated over 24 hours, including over $634 million in longs, as the Nvidia succession shock hit digital-asset beta.

2. Spot bitcoin ETF redemptions reached a fifth straight session with another $299.9 million leaving the funds as bitcoin traded Nvidia’s leadership turmoil. CoinDesk said the fresh outflow print kept institutional demand soft into Huang’s resignation day and extended the post-CPI redemption streak.

3. OKXICE said its tokenized securities venue will open Nov. 23 with more than 70 assets after Magnificent Seven and other Big Tech issuers objected to third-party tokenization. Decrypt said the launch roster leans on crypto-friendly names including Coinbase, Circle, Robinhood, and Strategy, plus 59 Direxion ETFs, with Securitize providing one-for-one share-backed tokens.

4. DTCC said it plans to connect its Tokenization Service to Solana in the second half of 2027 so eligible DTC-custodied stocks, ETFs, and Treasuries can move on the Layer 1 network. DTCC said the multi-chain expansion follows the Oct. 28 launch on Canton and DTCC’s private Besu network and will keep the same investor protections as traditionally held securities.

Equity Market Moves

5. Nvidia’s stock initially plunged 14% on Huang’s resignation Thursday before cutting that loss roughly in half, and the S&P 500, Dow, and Nasdaq each closed down 0.4% at 7,592.40, 52,297.09, and 25,366.09. WTOP relayed an Associated Press wrap that said the S&P erased a nearly 1% opening loss as the market absorbed big swings in Nvidia and oil.

6. Nvidia said Jensen Huang resigned as president, CEO, and board member effective immediately, naming CFO Colette Kress interim CEO while the board searches for a permanent successor. CNBC said Nvidia shares closed down 4.3% after hitting a fresh 52-week low earlier, and that board chair Harvey Jones expressed confidence operations and the product roadmap would continue without interruption.

Commodities Watch

7. Spot gold fell about 2.1% to $3,903.98 an ounce on Thursday morning after weekly jobless claims rose to 200,000, above the 195,000 forecast. Kitco said the print pushed bullion to session lows near the $3,900 handle as traders weighed sticky inflation against a still-firm labor market into Friday’s PPI.

8. Brent crude settled $3.06, or 3.3%, higher at $95.82 a barrel and WTI rose 2.6% to $88.74 after Houthi attacks on Saudi energy sites and Hormuz shipping disruptions, with Trump saying the U.S. does not “need a deal” with Iran. Investing.com carried the Reuters wrap that said both benchmarks were still down about 2.5% for the week despite Thursday’s rebound.

Today’s Watchlist

• Whether bitcoin can reclaim $73,000 / the 200-day zone and ether stabilize above $2,000 after the Huang flush

• Digestion of Nvidia’s Kress interim handover versus any further chip-beta contagion

• Follow-through on spot bitcoin ETF flows after the fresh $299.9 million outflow day

• Digestion of OKX-ICE’s Nov. 23 tokenized-stock launch and DTCC’s Solana roadmap

• Gold’s hold of the high-$3,800s into Friday PPI and crude’s stay firm near ~$96 Brent / high-$80s WTI

edgeX Market Lens

Thursday re-priced the AI and crypto complex together: bitcoin and ether slid to about $71,600 and a deeper than 3.5% loss as Huang resigned, ETF outflows hit a fifth session, and more than $750 million in leveraged positions were wiped out. Equities largely absorbed the shock with 0.4% index losses after Nvidia’s early 14% plunge, while OKX-ICE’s crypto-company tokenization launch and DTCC’s Solana plan kept institutional rails in view. Gold’s slide through $3,900 and Brent’s jump to $95.82 showed rate-hike bets and Middle East risk still setting the macro backdrop.

The near-term question is whether bitcoin can stop tracking Nvidia succession headlines once the Kress handover digests, or whether another ETF bleed and thin stablecoin fuel keep the tape capped below $73,000. Hotter oil complicates the inflation path into PPI, and gold’s break of $4,000 leaves less cushion if yields stay elevated. If bitcoin reclaims $73,000, ether holds $2,000, and Nvidia stabilizes while gold finds a floor above $3,850, Thursday’s flush can consolidate. If ETF outflows re-accelerate, chip contagion spreads, or gold loses the high-$3,800s while Hormuz risk pushes oil through $100, the post-CPI reset will deepen again.

For active traders, access matters when bitcoin and ether trade an Nvidia succession shock, ETF flows stay negative, and gold and oil again set the inflation backdrop into PPI. edgeX gives traders self-custodial access to crypto, Bitcoin, tokenized stock, and RWA perpetual markets around the clock.