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S&P 500 forms a Death Cross after March 2022!

Welcome back to the Daily Coinsauce Newsletter! Let’s dive into today’s updates—there’s a lot to unpack!

💧Top headline from the last 24 hours:

• Binance and KuCoin went down due to AWS data center outage

📕Educational :

• S&P 500 & the Death Cross — Everything you need to know.


Lets dive in.

📅 Today

AWS Outage Causes Major Disruption Across Exchanges.

Multiple top-tier crypto exchanges - including Binance, KuCoin, and MEXC - faced disruptions due to an unexpected AWS outage.

  • Binance reported issues with USDT withdrawals on Tron.

  • KuCoin saw degraded performance.

  • MEXC had a full-blown system service interruption.

  • CoinGecko API & website were down.

  • DYDX UI was partially broken.

  • Bitfinex & OKX also flagged related glitches.

  • Even 1inch & Base (Coinbase’s L2) had connection issues.

The root cause was a regional AWS outage in Asia-Pacific, starting at 00:21 UTC. Amazon confirmed elevated errors for EC2 APIs and instance launches.

Binance paused withdrawals to protect user funds during the disruption.

Fortunately, most services were restored within a few hours, but the ripple effect exposed a major single-point-of-failure in Web3 infra.

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🌎 Other News

📕 Educational

S&P 500 has formed a Death Cross for the first time since March 2022.

The chart above shows what has happened 90 days later after every death cross since 1980.

History shows a 66.67% probability of a gain after 90 days, with the mean return being 6.57%.

📊 Stat of the day

🤣 Meme of the day

That concludes our update for today!

We appreciate you joining us for the latest news. We aim to provide the best-in-class insights and highlights that keep you well-informed and ready.

Remember to join us on Telegram and Twitter for additional updates and giveaways. Until then, see you next time!

Disclaimer: None of the content shared in the newsletter is financial advice. Always do your own research and analysis before investing.

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