Nvidia
Analysts report North Korea is using prohibited Nvidia GPUs to supercharge AI-driven attacks on digital assets, drawing on decades of state-led AI research. The move complicates sanctions enforcement and raises new risks for exchanges and custodians.
Nvidia posted record Q3 revenue, easing fears of an AI bubble and triggering a broad risk-on move that lifted tech shares and major cryptocurrencies.
Over 160,000 traders were liquidated in 24 hours, generating $613 million in losses after Ethereum fell below its 20-day moving average. Panic accelerated when SoftBank sold Nvidia shares, amplifying volatility and putting key ETH supports at risk of breaking toward $3,000.
SoftBank sold a $5.83 billion NVIDIA stake to increase exposure to OpenAI, sparking a sharp pullback in AI-focused tokens. Market participants weigh hardware versus platform bets as volatility rises across AI and altcoin sectors.