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
22:27
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Cohere Completes First Tranche of Funding Round at $20.5B Valuation, Up 3x in a Year

According to Guru Club, Canadian artificial intelligence model developer Cohere completed the first tranche of a funding round valuing the company at $20.5 billion on October 30. The total funding round is expected to reach up to $5 billion. The round includes commitments from the Canadian government, Nvidia, and European retail group Schwarz Group, which previously disclosed a $600 million investment.
22:25
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Reddit CEO: Google AI Mode Does Not Drive Traffic, Search Referrals Drop Over 1M Weekly

According to The Verge, Reddit CEO Steve Huffman said today in the company's Q3 2026 earnings call that Google's AI-powered search modes do not help drive traffic to the platform. Huffman attributed part of Reddit's search traffic decline to how AI Mode and AI Overviews change the search experience. Reddit revealed in its Q3 earnings that search traffic in October dropped by more than 1 million referrals on average per week. Huffman stated that AI Overviews and AI Mode have "evolved" and now pus
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22:22
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SanDisk Reports 378% Revenue Surge in Q1, Announces 1-for-8 Stock Split

According to MarketWatch, SanDisk reported Q1 revenue of $11 billion, surging 378% year-over-year and exceeding analyst expectations of $10.7 billion. Q1 adjusted earnings per share more than doubled to $52.60, topping guidance of $46.67.
The storage chipmaker also announced a 1-for-8 stock
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21:59
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U.S. Central Command Briefs Trump on Iran Naval Blockade and Escort Operations on Oct. 29

According to Axios, Admiral Michael Coker of U.S. Central Command briefed President Trump on October 29 regarding ongoing military operations against Iran, with focus on an active naval blockade. Trump sought direct assessment of the blockade's effectiveness, while Coker also reported on U.S. military efforts guiding oil tankers through the Strait of Hormuz to global energy markets and joint Treasury Department economic pressure measures. Defense Secretary Hegseth, Treasury Secretary Bessent, Jo
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21:46
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Bolsonaro's Son Flavio Leaves Brazil Without Informing Father, Party Says

According to Brazil's Liberal Party chairman Waldemar Costa Neto, on October 29, former President Jair Bolsonaro was unaware that his son Flavio Bolsonaro would leave the country. Neto said Flavio had met with his father before departing but did not disclose his plans to leave Brazil, and no one within the party was informed in advance. Neto also rejected Flavio's recent public letter issued under the title of "president-elect."