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Ethereum Crashes Below $2,000 as Nvidia Shock Hits Crypto

Ethereum Just Lost $2,000 — And the Dip Buyers Are Betting on Something Bigger Co-produced by Daniel Aharonoff and DigitalDan As the chief editor of ethdan.me, I've watched Ethereum test the $2,000 line plenty of times. Usually it holds. Usually the buyers show up, the line bends, and the story ends with a bounce. Today was different. Ethereum didn't just test $2,000 — it lost it, falling to $1,996.52 in early U.S. trading on Thursday, November 12, 2026, its first trade below the psychological line since August 19. Some data feeds put the intraday low even lower, at $1,983.82. And here's the twist that makes this more than just another red day: the trigger didn't come from crypto at all. It came from Nvidia. The chip giant's CEO, Jensen Huang, resigned, AI stocks sold off hard, and Ethereum — the asset Wall Street keeps insisting is the "AI blockchain" — got dragged down with them. So now the market is split in a way I haven't seen in weeks. On one...
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Produced by Daniel Aharonoff & Mogul Media AI

Legal Showdown: SEC vs. Coinbase - Regulatory Battle in the Crypto Industry

In a much anticipated legal showdown, attorneys for the Securities and Exchange Commission (SEC) and Coinbase squared off in a Manhattan courtroom on Wednesday, arguing over whether the SEC's lawsuit against Coinbase should be dismissed. The federal regulator accused the crypto exchange last June of operating illegally, in violation of securities laws. Over the course of a nearly five-hour hearing, U.S. District Judge Katherine Polk Failla prodded both sides on the merits of their respective arguments. She seemed particularly willing to question the SEC's claim that existing securities laws can so easily apply to the novel cryptocurrency industry.

Judge's Concerns:

  • Judge Failla expressed fear that the SEC's argument might be sweeping too broadly.
  • She raised a hypothetical scenario where a ruling in the SEC's favor could open the door to a Beanie Babies class action lawsuit.
  • Judge Failla questioned the SEC attorney about the implications of their test on collectibles or commodities.

In a lively exchange, an SEC attorney tried to minimize the significance of a brief filed in support of Coinbase by Senator Cynthia Lummis (R-WY), a noted crypto advocate. However, Judge Failla seemed unconvinced by the attorney's argument and even suggested that the SEC attorney was not showing proper deference to Senator Lummis.

Senator Lummis' Involvement:

  • Judge Failla highlighted Senator Lummis' significant involvement in the crypto space.
  • She mentioned that Senator Lummis is a co-sponsor of legislation proposing a regulatory framework that differs from the Howey Test.
  • Senator Lummis' proposed legislation aims to create a specialized regulatory framework for the digital assets industry, stripping the SEC of its authority to sue most crypto projects and exchanges.

Judge Failla's comments during the hearing indicated a level of sympathy towards Senator Lummis' perspective and suggested a willingness to consider alternative regulatory frameworks for the crypto industry.

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