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!

📅 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.

• Weekly on-chain insights.

• 3-5 altcoin chart setups.

• In-depth Bitcoin price updates.

• Occasional in-depth reports on altcoin gems.

• VC funding roundups.

• Market cycle insights.

• Premium Telegram trading group, and more.

🌎 Other News

• USDT returns to Bitcoin Lightning Network for faster payments

• SOL/ETH Ratio Hits Another All-Time High

• Binance Hit by AWS Outage, Services Now Recovering

• The Mantra Paradox: What Really Happened To OM?

• Ukraine Imposes 18% Income Tax on Virtual Assets

📕 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!

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