FlashDecrypt
Reddit Stock Plunges 30% as Google's AI Search Hits Traffic and User Growth
Reddit shares are down 44% this week after CEO Steve Huffman warned that Google's AI-powered search features are cutting referrals, while weaker user growth and disappointing fourth-quarter guidance added to investor concerns.
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View allApple Surpasses NVIDIA to Reclaim Title of World's Most Valuable Public Company by Market Capitalization
Apple has overtaken NVIDIA to once again become the world's highest-market-capitalization company. Data from the official NASDAQ website shows that at the close of U.S. trading on October 30, Apple's stock price stood at $344.63, down 1.23%, with a market capitalization of approximately $5.03 trillion; NVIDIA's stock price closed at $204.64, down 4.22%, with a market capitalization of roughly $4.93 trillion. Prior to this, Apple had surpassed NVIDIA on multiple occasions in July and late October of this year.
Intel Stock Suffers Worst Crash in 50 Years as Weak Forecast Overshadows AI Chip Demand
Intel beat third-quarter earnings expectations, but warned of a prolonged PC slump, sending shares to their worst daily decline in 50 years.
Trump States Investigation Is Underway Into Whether the Binance Hack Was Perpetrated by North Korea-Linked Hackers
U.S. authorities are advancing the investigation into the large-scale Binance theft incident<p>U.S. President Donald Trump publicly stated that he is following up on the previously occurred Binance hack. When asked whether the attack was orchestrated by North Korea, Trump responded that no definitive conclusion has been reached yet, and relevant investigative work is ongoing.</p><p>Trump also revealed that Binance has provided feedback to him that the situation of the incident is now under control. Previously, multiple leading blockchain analytics firms including Chainalysis and TRM Labs have attributed this approximately $6.3 billion attack to the North Korea-linked hacking group TraderTraitor.</p><p>As of the present, the U.S. government has not released an official formal determination on the attribution of responsibility for this incident, and subsequent investigation progress will continue to receive widespread attention from the crypto industry and regulatory bodies.</p>
Worried About Crypto Hacks? Buy Bitcoin Proxies in Stock Market Instead, Say Wall Street Firms
Analysts at Cantor Fitzgerald, TD Cowen and Compass Point say the record $6.4 billion theft is a Binance security failure, not a crypto-wide threat, pointing clients toward proxies like Coinbase, Robinhood, and Strategy.
Three Major U.S. Stock Indexes Closed Lower Collectively: Intel (INTC) Down 29.48%, SanDisk (SNDK) Down 13.79%
Per Binance market data, at U.S. stock market close, all three major indexes posted collective losses: the Dow Jones Industrial Average fell 1.09% on the day, the Nasdaq Composite dropped 2.29% intraday, and the S&P 500 Index recorded a 1.21% intraday decline. Among key assets, Intel (INTC) fell 29.48%, SanDisk (SNDK) declined 13.79%, Coinbase (COIN) dropped 12.01%, AMD slid 11.24%, Circle (CRCL) fell 9.50%, and SKHY decreased by 8.15%.