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PropMarketCapFRESHCurrencies, commodities and indices

Google rolled out two TPU systems against Nvidia: Alphabet +3% before the Nasdaq open

Alphabet shares (GOOGL, Google's parent company) were priced at $293.52 in premarket trading on November 9 - 3.07% above Friday's close of $284.78. The reason is the announcement of two new systems on its own TPU chips, which Bloomberg called a escalation of the fight with Nvidia.

PropMarketCapFRESHCurrencies, commodities and indices

Nvidia's board of directors has launched an independent investigation, shares down 3.4% in over-the-counter trading

On November 8, Nvidia's board of directors announced an independent review concerning company head Jensen Huang. US exchanges are closed on Sunday, so crypto derivatives and OTC venues were the first to reprice the stock.

PropMarketCapRegulation

Jack Dorsey's Block to pay $764M in money laundering case

Block (Jack Dorsey's payment company, founded by the Twitter co-founder, owns the Cash App with Bitcoin purchases) has reached an agreement with the US Department of Justice to pay $764M and close the case over weak anti-money laundering controls. This is more than the company's entire quarterly profit of $566M.

PropMarketCapExchanges and infrastructure

$133 million stolen from a project in Europe passed through the Kraken crypto exchange: accounts frozen

Kraken has restricted access to some accounts while an investigation is underway: assets allegedly stolen from one of the crypto projects in Europe arrived on the platform. The amount in question is more than $133 million; the name of the affected project is not disclosed.

PropMarketCapRegulation

CFTC chair calls $6.3 billion Binance hack an argument for cryptocurrency regulation in the US

Michael Selig, chairman of the CFTC (the US derivatives market regulator), in an interview with CNBC on October 30 called the theft from Binance an argument in favor of federal rules for crypto exchanges operating outside the US.

PropMarketCapExchanges and infrastructure

Mercado Bitcoin halted withdrawals: over $40M drained from the crypto exchange's wallets across 10 networks

Brazil's largest crypto exchange Mercado Bitcoin suspended deposits and withdrawals on Monday, November 2, after its wallets were emptied across ten blockchains at once. Loss estimates from specialized security firms exceed $40M.

PropMarketCapRegulation

Turkey has launched an antitrust investigation against Google over AI

On November 2, it became known that the Turkish regulator has opened a case against Google (the service belongs to the holding company Alphabet, ticker GOOGL) on suspicion of violating competition rules in the field of artificial intelligence.