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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

Harvest Fund Management Leads the Way in Cryptocurrency Investments in Hong Kong

Harvest Fund Management, along with other companies like Venture Smart Financial Holdings and RD Technologies, has set its sights on the emerging cryptocurrency market in Hong Kong. The recent news of Harvest Fund Management applying for a spot bitcoin exchange traded fund (ETF) comes as the city gears up for its first batch of spot cryptocurrency ETFs. Additionally, discussions with the Hong Kong Monetary Authority indicate a growing interest in stablecoin-related trials. As the sandbox process for stablecoins is set to kick off in the first quarter of this year, the landscape of cryptocurrency investments in Hong Kong is poised for significant developments.

Key Points:

  • Harvest Fund Management has reportedly applied for a spot bitcoin ETF in Hong Kong.
  • Other companies, such as Venture Smart Financial Holdings and RD Technologies, are also exploring opportunities in the cryptocurrency market.
  • Discussions with the Hong Kong Monetary Authority suggest a growing interest in stablecoin-related trials.
  • The sandbox process for stablecoins is expected to commence in the first quarter of this year.

In a dynamic and ever-evolving market like cryptocurrency, the move by Harvest Fund Management and other companies to delve into ETFs and stablecoin trials in Hong Kong underscores the growing acceptance and adoption of digital assets. As these financial entities navigate the regulatory landscape and explore new avenues for investment, the outcomes of these initiatives could potentially shape the future of cryptocurrency trading and investment strategies in the region. As the industry continues to mature, the emergence of spot cryptocurrency ETFs and stablecoin trials in Hong Kong may pave the way for innovative financial products and services that cater to a diverse range of investors.

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