Gate Crypto Flash News and Market Updates

This week, users reported that Grok Bot quota was depleting rapidly. Elon Musk responded that Grok Bot's service costs relative to revenue are unsustainably high.

According to Yahoo Finance, Reddit's stock plunged 29.22% to $91.73 on October 30 as Google's AI-driven search model diverted traffic away from the platform. The shift stems from Google's transition to AI-powered answers that summarize content directly rather than directing users to external

According to Business Insider, Michael Burry this week reiterated his bullish stance on Build-A-Bear Workshop (BBW), the stuffed animal chain that he first publicly backed in August. Burry believes the retailer, whose stock has plummeted over 50% since the start of 2026, has "nine lives" and is

According to Mysteel, as of October 30, pig farming losses widened compared to the previous week. Self-breeding operations posted losses of 359.42 yuan per head, down from 307.38 yuan on October 23, while piglet-purchasing operations recorded losses of 190.10 yuan per head, versus 174.09 yuan the pr

According to Cainvest SPSAV Monitor data cited by COINOTAG, 63 companies and institutions filed for authorization to operate as virtual asset service providers (VASPs) in Brazil by the Oct 30 deadline.

According to Bitget, South Korea's KOSPI index fell 1.62% at the open on November 2. Samsung Electronics declined 2%, while SK Hynix saw a modest decline.

According to Threshold Network, tBTC minting and redemptions have been temporarily paused following disclosure of a Linux kernel vulnerability (CVE-2026-98432). The protocol maintains 4,320 BTC in cross-chain bridge reserves backing 4,185 tBTC in circulation, with no funds lost and no unauthorized m

Australia's October inflation index rose to 0.5% month-over-month, up from 0.3% in the previous month, according to TD Securities data.

According to BlockBeats, StandX announced DUSD airdrop claims will open on November 2 at 8:00 UTC+8 (Beijing time), with the claiming period ending on December 31 at 16:00.

According to CNBC, on November 1, Berkshire Hathaway's stake in Alphabet declined to $29.6 billion (approximately 39 trillion won) from a peak of $40 billion in early August. At Alphabet's current stock price of $279.84, Berkshire's average purchase price of $300-$320 per share has entered

According to Benjamin Cowen, on November 1, the veteran trader warned in a YouTube video that Bitcoin may experience a Q4 low similar to 2015. He argued that BTC price is currently tracing a pattern last seen in 2015, when a breakout above the prior high failed and resulted in a 40%

According to JPMorgan Chase chief economist Ben Jarman, the Reserve Bank of Australia is expected to raise rates this week on the back of recent inflation data and comments from central bank officials. Market pricing currently reflects a 90% probability of an official cash rate increase. While econo

According to Jin10 Futures, CBOT soybean futures fell 1.8% for the week ending October 30, 2026, under pressure from record U.S. harvest volumes coming to market, a 12% depreciation of Brazil's real against the dollar, and fund liquidations. U.S. Department of Agriculture data showed soybean harvest

According to COINOTAG, Binance saw $3.64 billion in net outflows within 9.5 hours on November 1 after restarting customer withdrawals from 06:00 UTC. Withdrawals resumed in phases following a security incident, and by 12:36 UTC the exchange confirmed that all 15 networks and assets had been

According to Binance co-founder He Yi on November 2, reports claiming that a Binance DevOps engineer engaged in a romantic relationship with a North Korean operative and left a laptop unattended during an alleged attack are false. He Yi stated that while "the story is more dramatic, it is not real."

According to consensus from major Korean brokerages, GS Group's operating profit for Q3 is expected to reach approximately 1.29 trillion won, up about 48% year-over-year, with revenue estimated at 7.38 trillion won, a 13% increase.
GS Caltex, 50% owned by GS Energy, is expected to deliver strong re

According to CoinDesk and Business Insider, on Oct 29, Binance disclosed that it suffered a major cyberattack involving a hacked engineer's laptop and vulnerabilities in its trade approval system, resulting in $6.3 billion in unauthorized asset withdrawals—the largest single hack in cryptocurrency h

According to Yonhap Infomax IPO ranking data, Samsung Securities topped the Q3 cumulative IPO underwriting rankings as of November 2 with 3.976 trillion won in deal volume and a 24.37% market share. The firm outpaced NH Investment and Securities (3.605 trillion won) and Mirae Asset Securities through major transactions including K-Bank and biotech firm InGeniaterapeutics.

According to Yonhapinfomax, KB Insurance and KB Life, subsidiaries of KB Financial Group, established a private investment partnership on November 2 by injecting 250 billion won and 75.6 billion won respectively, securing 50% and 34% stakes. The move aims to diversify investment returns and hedge

According to Securities Daily on November 2, AI chipmaker and hardware companies disclosed significantly higher third-quarter profits, with surging artificial intelligence computing demand cited as a primary growth driver. Multiple institutions project the sector's momentum will continue into the