Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
Today
18:12
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SoundHound Stock Drops 3.7% Ahead of Q3 Earnings Today

According to Stock Analysis, SoundHound AI (NASDAQ: SOUN) shares fell 3.7% to $4.16 on November 5, as investors awaited the company's third-quarter earnings report, scheduled for after the US market close today. Analysts expect quarterly revenue of approximately $61.71 million to $62.8 million and a
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18:01
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Bitcoin Falls Below $76K, Hits Seven-Week Low on Tech Selloff; Nasdaq Drops 6.4%

According to Bloomberg, Bitcoin fell 5.8% and broke below $76,000 today (November 5), hitting a seven-week low amid a broader tech stock selloff. The Nasdaq 100 index plunged 6.4%, with semiconductor stocks leading declines. Spot Bitcoin ETF outflows accelerated, with BlackRock's IBIT (IBIT-US) accounting for approximately $900 million in withdrawals since the recent Binance hack incident. K33 research head Vetle Lunde noted the decline is highly correlated with tech stock losses, as markets dig
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BTC-5.63%
18:01
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Hut 8 Reports $189.5M Q3 Net Profit Driven by $413.8M Unrealized Bitcoin Gains

According to Bitcoin News, Hut 8 reported a third-quarter net profit of $189.5 million, with $413.8 million coming from unrealized bitcoin gains. The company sold approximately 3,100 BTC, raising $250 million for share buybacks and reducing shares outstanding by 3.3 million. The board authorized an additional $1 billion in buyback authority. Third-quarter revenue declined to $71.1 million.
BTC-5.63%