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📺 THE BUREAU ROLLUP - 12th November, Thursday.

Here's everything you might have missed on our YouTube today!

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📺 MSCI Just Dropped MicroStrategy (Billions in Forced Selling)
Coin Bureau · Louis Raskin
MSCI just kicked out MicroStrategy, Metaplanet, and Upexi from its key indexes. That means forced selling by index funds, but Bitcoin barely moved. Why’s the market so calm, and is the worst still to come? This video unpacks the MSCI rules, why the deadline matters, and which funds might follow. See how these changes hit Bitcoin, what they reveal about passive flows, and why BTC’s 200-day moving average is now the crucial level to watch.

📺 The Biggest Tech Crash EVER (and it could happen again)
Finance Bureau · Nic Puckrin
The 2000 dot-com crash wiped out fortunes, even as the internet went on to change the world. This episode explores how investors got swept up in optimism, chasing sky-high tech stocks without questioning if the companies could ever be profitable. We dig into how the hype spiraled: from Netscape’s wild IPO to Silicon Valley’s cash-fueled startup mania, and why being right about new technologies isn't enough to guarantee investment success. Learn what made this bubble unique and why its lessons still matter for anyone investing in new tech today.

📺 When will the pain end?!
Trading Bureau · Louis Raskin · LIVE REPLAY
Markets have been looking extremely weak, and Louis puts the question plainly: is it time to pack up the bags, or is this the kind of weakness that turns out to be a generational buying opportunity? He takes the charts live and tries to make sense of what's actually happening. Replay if you missed it.

📺 BITCOIN CRASHING! My Alerts Are Going Off Everywhere | LIVE
Trading Bureau · Matt Stella · LIVE REPLAY
Matt's alerts went off across Bitcoin and altcoins, so he fired up an unscheduled session with the US market open. These are the targets he's been flagging for a week finally getting hit, which makes the useful part what he does now rather than what he called — the next levels he's watching, the altcoin setups triggering, and his trade planning and risk management worked through live.

📺 MSCI Officially Drops Strategy & Metaplanet — What It Means for Bitcoin at $73K
Coin Bureau · Guy Turner 🔒 MEMBERS ONLY
MSCI has confirmed it, with a date attached. Guy's read is that the forced selling matters less than what exclusion does to Strategy's ability to raise capital at all — which is the part that reaches Bitcoin rather than just the share price. Bitcoin is still grinding around its 200-day, with a clear downside case if it loses it. Elsewhere markets bounced and CoreWeave led the recovery, before the Nvidia story escalated sharply after the bell — Guy covers where that now stands, and what it could mean for the wider AI trade if it isn't resolved quickly.

@CoinBureau
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🚨One of the most EXPENSIVE affairs of the decade: Jensen Huang’s 3rd reported affair surfaces with Nvidia down $450 BILLION.

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📈 5 AI Stocks Trading at a Great Discount

The recent AI selloff has brought many AI stocks well below their recent valuation multiples, giving investors a cheaper entry point across AI chips, networking and cloud computing.

Here are 5 stocks to keep an eye on👇

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Credo Technology (CRDO) · $141.41

Credo makes chips and cables that move data between processors, servers and switches inside AI data centers.

• $CRDO is down just over 54% from its all-time high.

• Fiscal Q1 revenue rose 115% year over year to $479 million.

• Net income reached $129.4 million, with a gross margin of 64.5%.

• Shares traded at 19.4× forecast earnings, roughly half the 38.7× multiple at the May fiscal year-end.

Management expects its first revenue from signal processors for 1.6-terabit-per-second optical links later in fiscal 2027.

Initial sales would mark Credo’s entry into a faster generation of data-center connections.

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Nvidia (NVDA) · $173.73

• $NVDA is down nearly 30% from its all-time high..

• Fiscal Q2 revenue rose 106% year over year to $96.2 billion.

• Gross margin reached 75%. Diluted earnings rose to $2.46 per share from $1.08 a year earlier.

• Shares traded at 14.3× forecast earnings, down from 20.8× at the July quarter-end.Nvidia reports on November 17.

Its $108 billion quarterly revenue target implies another 12% increase from Q2, giving investors a near-term test of whether demand can sustain double-digit sequential growth.

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Applied Optoelectronics (AAOI) · $55.86

Applied Optoelectronics makes transceivers that convert electrical signals into light so data can travel over fiber.

• $AAOI is down just over 76% from its all-time high.

• Q3 revenue rose to $269.9 million from $118.6 million a year earlier.

• The company earned a $6.3 million net profit after a $17.9 million net loss a year earlier.

• Shares traded at 6.8× trailing sales, down from 11.3× at the September quarter-end.

Management expects to have enough equipment installed by year-end to produce more than 500,000 high-speed transceivers per month, up from capacity approaching 330,000. Turning that capacity into shipments would support further revenue growth.

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CoreWeave (CRWV) · $60.77

CoreWeave rents computing capacity to AI developers that need large clusters of graphics processors.

• $CRWV is down about 68% from its all-time high.

• Q3 revenue rose 168% year over year to $3.66 billion.

• Operating profit reached $207 million. Net interest expense of $846 million contributed to a $709 million net loss.

• Shares traded at 3.3× trailing sales, down from 4.7× at the September quarter-end.

On November 10, management said it expected roughly $9 billion in customer prepayments and deposits over the following three months. Collecting that cash would help fund expansion and ease pressure to borrow.

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IREN (IREN) · $20.84

IREN owns data centers and is shifting capacity from bitcoin mining to AI computing services.

• $IREN is down nearly 73% from its all-time high.

• Fiscal Q1 revenue rose 66% from the prior quarter to $228 million..

• AI cloud revenue accounted for $200 million of that total. The company recorded a $263 million net loss.

• Shares traded at 12.7× trailing sales, down from 23.2× at the September quarter-end.

IREN aims to bring enough contracted capacity online to exceed $4 billion in annualized revenue at full operation, up from a $1 billion operating run rate.

Management targets January 2027 and says customer acceptance and supplier timing could push the milestone into February.
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⚠️ ALERT: A GLOBAL Microsoft outage has knocked out Outlook, Teams and Copilot across 74 countries.

Microsoft says a number of its servers became “unexpectedly unavailable,” and its fixes so far “have not provided the anticipated relief.”

Microsoft has not confirmed the cause.

@CoinBureau
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🚨BREAKING: Bitcoin drops below $71,000 and Ethereum loses $2,000 as the crypto selloff deepens.

$BTC is at its lowest since August 20.

@CoinBureau
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🚨BREAKING: $60,000,000,000 wiped from the Total crypto market cap in the past 4 hours.

Bitcoin has dropped below $70,000 to its lowest level in 3 months.

Over $500 million has been liquidated from the crypto market just in the past hour.
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⚠️ UPDATE: Microsoft admits its attempts to restore services have failed as its global outage continues to worsen.

“We’ve monitored the status of changes applied to improve serviceability and confirmed they’re not taking as expected.”

Services remain disrupted, while previously restored systems risk going offline again as traffic returns.

The disruption has affected Microsoft 365 services, including Outlook, Teams and Copilot, with reports spanning more than 70 countries.

Downdetector recorded nearly 140,000 reports of Outlook issues at the peak.

The wider concern is the potential knock-on impact across global IT infrastructure.

Microsoft services underpin communications and operations for millions of users and businesses.

Prolonged disruption could leave organisations exposed to phishing campaigns, fake IT support scams and other opportunistic attacks.

Security agencies are warning users to remain vigilant as scammers seek to exploit the disruption.
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🚨BLOODBATH IN CRYPTO: Bitcoin nukes below $68,000 and Ethereum falls below $1,900 for the first time in 3 months.

Bitcoin crashes -10% in less than 48 hours wiping out nearly $200,000,000,000 from the Total Crypto Market cap.

@Coinbureau
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🧩 Nvidia: The Megacap Built Around One Man🧩

For years, Jensen Huang’s unusual way of running Nvidia was held up as the secret behind its speed. This week, it became the reason investors are so rattled by his exit.

Huang resigned as CEO on Thursday, after reports of an alleged Chinese spy and two more affairs with employees. CFO Colette Kress is filling in while the board searches for a permanent replacement. What the board doesn’t have is anyone who was clearly being prepared for the job.

That gap didn’t appear overnight.

🏗 A Company With No Middle

Most large companies work like a pyramid. The CEO oversees a small group of senior deputies, who manage everyone below them. Those deputies are also the natural pool of future CEOs.

Huang flattened that pyramid. He had as many as 60 people reporting directly to him and skipped one-on-one meetings, preferring to give feedback in front of everyone. “The more direct reports the CEO has, the less layers are in the company,” he said in 2023. His point was speed: with fewer layers of management, information reached the top faster and Nvidia could change course quickly.

That model helped Nvidia move fast. But everything flowed to one person, and no second-in-command was learning to run the whole business. A Georgetown professor who studies CEO succession told Fortune that this concentration of power leaves Nvidia very vulnerable now.

🪑 No Heir, by Design

Huang never hid his views on succession. He said he hoped to lead Nvidia for another 20 years and that his eventual successor would already be working there. But he also spoke against traditional succession plans, saying he preferred to spread knowledge across the company.

Succession planning is standard practice at big public companies, yet Axios noted it isn’t clear whether Nvidia ever had a confidential plan. Analysts have floated veterans like Ian Buck, Jay Puri and Kress herself, but none was publicly groomed for the role.

Compare that with Apple. When Steve Jobs resigned in 2011, his letter asked the board to execute its succession plan and appoint Tim Cook. This September, Cook handed over to John Ternus in another planned transition. When investors know who comes next, a CEO leaving is a handover. When they don’t, it looks like a cliff edge.

🔍 A Board Playing Catch-Up

Nvidia’s board is now rebuilding in real time. The company had never had a board chair until Thursday, when it appointed former Synopsys CEO Harvey Jones on the same day Huang left.

The lesson reaches well beyond Nvidia. For any founder-led company, it’s worth asking three questions. Could anyone below the founder realistically run the business? Has the company signalled who that might be? And does the board have its own leader, independent of the founder?

🔖Bottom Line

Founder-led companies often outperform because one person can make bold calls fast, and Huang’s flat structure helped Nvidia dominate the AI boom. The same design left no one ready to replace him. Nvidia is also one of the biggest holdings in the S&P 500, so the risk of one man running everything was never only a problem for Nvidia shareholders.

@CoinBureau
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🇺🇸 US producer inflation comes in below expectations, but annual rate hits four-year high.

October's Producer Price Index (PPI) data has just been released:

🟢 Headline PPI MoM: +0.3% (expected +0.4%)
⚪️ Core PPI MoM: +0.3% (expected +0.3%)

🟢 Headline PPI YoY: +6.5% (expected +6.6%)
⚪️ Core PPI YoY: +5.0% (expected +5.0%)

While monthly inflation was softer than expected, the annual headline reading climbed from 6.3% to 6.5%, its highest since November 2022.

Producer inflation is cooling from September's sharp monthly increase, but underlying price pressures remain elevated.

The mixed report offers some relief after Tuesday's hotter CPI reading, though it may not be enough to significantly alter expectations for a December Fed rate hike.

@CoinBureau
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TODAY: 🇺🇸U.S. stocks RETRACED their early gains within 30 minutes of the market open.

Stocks opened SLIGHTLY higher after October PPI rose 0.3% month over month, below the 0.4% forecast, and while $NVDA recovered some recent losses during pre market.

The indexes then PULLED BACK from early-session levels:
• Dow −0.46%
• Nasdaq Composite −0.64%
• S&P 500 −0.55%

Despite the SOFTER monthly reading, annual wholesale inflation accelerated to 6.5% from 6.3%, keeping inflation concerns in focus.

@Coinbureau
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🚀 Crypto Market Movers (Past 24h)

· 13 Nov 2026 ·

Injective: +10.56% | $8.0760

Gram: −10.13% | $1.1211

Aero: −6.72% | $0.4763

ether .fi: −6.60% | $0.5724

Lighter: +5.28% | $3.2697



Behind the Moves

Bitcoin fell 3.90% to $68,550. Injective climbed back above $8 as two governance votes put the network in focus, while Gram gave back much of this week’s Telegram-driven rally.

• $INJ: Injective stakers began voting on Veyra, an upgrade that would expand cross-chain trading. A separate dYdX proposal would gradually shift the backing for USDC on its chain from Noble-issued to Injective-issued USDC.

• $GRAM: The rally that followed Pavel Durov’s endorsement faded after Gram reached $1.26. Forced selling deepened the reversal, with five exchanges recording $557K in long liquidations against $193K in shorts.

• $AERO: Aero lost $0.50 as bearish bets built on Binance. By 06:00 UTC, 65% of accounts trading AERO perpetuals were short, and traders were paying a 0.056% funding rate to hold those positions.

• $ETHFI: The Ethereum staking token slid as Ether broke below $2,000. Futures sellers were more aggressive than buyers, and the value of open ETHFI contracts fell 4.27% to $87.65M.

• $LIT: Lighter recovered part of yesterday’s 8.53% drop. Its treasury bought back $97,460 of LIT on Nov 12, bringing 30-day purchases to $4.38M, up 61% from the previous 30 days.
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💳 OpenAI launches ChatGPT Wallet, allowing AI agents to make online purchases on users' behalf.

The new wallet allows ChatGPT's Dots agents to browse products, compare options and complete checkout using saved payment cards.

Developed in partnership with Visa, Mastercard and American Express, the wallet uses payment tokens to keep users' actual card details hidden from agents and merchants.

Users must review and approve each purchase through a security check such as Face ID or fingerprint verification.

The rollout begins with US ChatGPT Pro subscribers aged 18 and older using eligible US-issued cards.

OpenAI eventually plans to let users authorize purchases in advance using spending limits and other restrictions, allowing agents to shop more independently.

@CoinBureau
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⚠️ Trezor confirms recovery phrase-stealing implants in three Safe 5 wallets sold by CryptoBilis.

The devices contained hidden circuit boards capable of capturing recovery phrases displayed on the screen and transmitting them to attackers over a mobile network.

All three were purchased between August and September. Trezor says none of the owners has reported losing funds, and no implants have been found in other models or from other resellers.

Firmware update 2.13.1 blocks the implants identified so far, but cannot protect recovery phrases that may already have been stolen.

If you bought any Trezor from CryptoBilis since March 2026, including through Tokopedia or Shopee, Trezor advises:

• Move your funds to a new wallet with a new recovery phrase. Reusing the old phrase on another device is not safe.

• Do not set up an unused device or enter an existing recovery phrase into it.

• Keep the device and contact Trezor Support for a replacement. Do not open or weigh it to check for tampering.

• Beware of fake replacement offers. Trezor will never ask for your recovery phrase.

The investigation remains ongoing.

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📺 THE BUREAU ROLLUP - 13th November, Friday.

Here's everything you might have missed on our YouTube today!

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📺 Opportunity or Disaster? Is Nvidia Cooked?
Trading Bureau · Aaron Dishner
Aaron's question is whether Nvidia is genuinely in trouble or whether the sell-off around its CEO is a FUD dump — his read leans to the latter, pointing at a daily RSI below 25 and what oversold readings at that level have historically preceded. The same framework gets applied to Bitcoin, which is below its moving average and testing support set back in July, with the question being whether a short squeeze flips the mood or it breaks toward a deeper pullback. There's a sweep through Intel and several altcoins too. The caveat he's explicit about: oversold doesn't mean the bottom is in, nobody knows when either one turns, and every scenario here is conditional rather than guaranteed.

📺 Elon Musk's Biggest Gamble Has BACKFIRED [what comes next]
Finance Bureau · Nic Puckrin
Elon Musk spent almost $500 million on the US elections, aiming to shape political power in Texas and beyond. Most of his backed candidates lost, and now his companies face harsher treatment from government leaders who are less sympathetic to his business vision. This video breaks down his political donations, the fallout for Tesla, SpaceX, and AI, and why this failed gamble could threaten the future of Musk’s empire. Watch to see how it could impact both his companies and investors."

📺 Get Rid Of Your Stress: Follow The 50/30/20 Rule
Money Bureau · DC Roth
Struggling to keep track of your finances or living paycheck to paycheck? In this video, we break down the 50/30/20 rule—a simple, effective strategy to help you take control of your money and reduce financial stress.

@CoinBureau
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🤖 WILD: GTA 6 has reportedly made a RECORD $1 BILLION 8 days before launch, more than GTA 5 made on its first day.

It releases November 19.

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🚨JUST IN: US intelligence can NOT prove Alice Huang spied for China, the case that cost Jensen Huang Nvidia $NVDA.

The intelligence gathered on her “does not prove” she was spying for Beijing, per CNN.

Elon Musk is now backing Huang’s return.

@CoinBureau
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🇺🇸 THE FAA SHUTDOWN

The FAA grounded every US flight on Friday, the first nationwide stop since January 2023. Roughly 10,500 flights were delayed and more than 1,800 cancelled, per FlightAware.

CBS News reports an update to the private network behind air traffic control caused it to reboot and crash. The FBI says it was not a cyberattack. The FAA has named no cause of its own.

Three days earlier, the FAA said its new $875 MILLION AI tool would run in all 22 control centers. Twenty-five lawmakers had asked it to pause that rollout in October.

Asked if the AI played a part, Homeland Security Secretary Markwayne Mullin said "You can't rule out anything at this point." The contractor denies any link.

The FAA's status board now shows no active en route events.

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