As of 10:10 p.m. ET on Sunday, November 8, 2026, Nvidia’s NVDA-USDC perpetual futures on Hyperliquid were down 3.8% over 24 hours at $180.50, with $170 million in 24-hour contract volume, according to The Block’s original report. The contract began sliding around 4 p.m. ET, reached a local low near $178.10, then recovered slightly.
The move followed Nvidia’s announcement that its board was investigating CEO Jensen Huang after reports that he had been a target of a foreign intelligence effort. The New York Times had reported an allegation that Alice Huang, a Chinese businesswoman, was recruited by China’s Ministry of State Security to gather intelligence on him. Nvidia said its board had no reason to believe national security or company secrets were compromised, but would examine the available information. Huang acknowledged in a memo to employees that he had been unfaithful to his wife and said he would cooperate with the inquiry. A company spokesperson told The Block that Huang would continue leading Nvidia without interruption.
Other markets showed a mixed picture. The Block reported bitcoin down 0.8% at $75,113 and ether down 4.2% at $2,140. Late Sunday, S&P 500 futures were up 0.6% and Nasdaq 100 futures up 0.7%; Asian equity indexes advanced Monday morning. These readings do not establish that the board inquiry drove moves across those markets.
Rick Maeda, head of markets at Laevitas, told The Block that with U.S. cash markets closed, crypto-platform NVDA perpetuals took the first reaction on thinner liquidity. Dan Khus of LVRG Research described the contract’s decline as a risk-off response likely amplified by leverage. Dominick John of Zeus Research said deeply negative funding suggested short positioning may have become crowded. Those were analysts’ interpretations, not confirmed explanations for the price move.
Original publication: November 9, 2026, at 11:35 a.m. UTC+8.
Source: theblock.co (originally published 2026-11-09 11:35 UTC+8)
