Nvidia board opens independent probe into CEO Jensen Huang

BeInCrypto reported that Nvidia's board has launched an independent investigation into chief executive Jensen Huang. The probe follows reports of foreign intelligence targeting Huang. The board sees no evidence that national security has been compromised. An independent directors committee oversees the probe, working with outside counsel.

Crypto markets reacted as well. Binance perpetual contracts linked to Nvidia, labeled NVDAUSDT, fell as much as 4.2% below Friday's close. Binance Research said traders priced the news in before Wall Street reopened. Binance ranked first for Nvidia perpetual volume, with $360.35 million traded over 24 hours, and open interest on its Nvidia contracts reached $90.57 million.

CZ wrote on X that tokenized stocks give traders a weekend news edge. Perpetual contracts follow the Nvidia share price, but holders do not own the shares themselves. Centralized venues traded $665 billion of stock perpetuals in August, the figures show.

Nvidia's own earnings are scheduled for November 17, a date that falls after the probe was launched.