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Industry

Nvidia scandal: What are Alice Huang and MegaSpeed?

The fallout is growing after Nvidia CEO Jensen Huang acknowledged an affair. CNBC reported on Nov. 9 that Nvidia’s board has launched an independent probe into national security concerns raised in media reports. The New York Times reported U.S. intelligence agencies suspect MegaSpeed executive Alice Huang is a Chinese intelligence asset. MegaSpeed provides GPU computing resources via Southeast Asian data centres. Market reaction was swift, with Nvidia shares falling in U.S. premarket trade and in Frankfurt.

Games & Commerce

Lim Ji-hoon discloses 2018 performance pay confirmation; Kakao Ventures says no basis for payment

Former Kakao CEO Lim Ji-hoon, who has filed a lawsuit over performance pay against Kakao Ventures and Kakao founder Kim Beom-su, disclosed a 2018 performance pay confirmation and a 2026 letter rejecting payment. Lim said the arrangement was not a verbal promise and cited a contract, an amendment agreement and a company-seal-stamped confirmation. Kakao Ventures said it found no grounds to pay the claimed amount, without detailing specific provisions.

Crypto

Coinbase, Deribit integrate institutional trading network; U.S. options to launch in fourth quarter

Crypto exchange Coinbase has integrated its international institutional derivatives trading system with Deribit, moving International Exchange institutional accounts into a Deribit-based environment and consolidating liquidity. Coinbase Bermuda Ltd will broker and custody institutional orders routed to Deribit, while access to Deribit’s direct platform remains restricted in the United States. For U.S. Coinbase Prime clients, options onboarding via Coinbase Financial Markets has opened, with trading scheduled to begin in the fourth quarter.