Cloudflare Maintenance Causes Technical Disruption, Revealing Infrastructure Vulnerabilities
- X platform restored services after outage linked to Cloudflare's Santiago data center maintenance, impacting 11,500+ U.S. users. - OpenAI reported partial access issues to ChatGPT and website during the incident, alongside crypto platform disruptions. - Cloudflare's 3.7% pre-market stock drop highlighted infrastructure vulnerabilities, while X Corp's antitrust lawsuit against Apple/OpenAI resurfaced. - The outage exposed systemic risks in tech ecosystems, with major services like PayPal and League of Leg
X Platform Restores Service, OpenAI Notes Limited User Access to ChatGPT and Website
On November 18, X platform announced that it had resolved its recent service disruption,
The event also brought renewed attention to OpenAI’s ongoing legal hurdles.
Financial markets responded quickly to the outages.
The X platform’s outage comes amid a broader period of volatility in the technology industry, including a lengthy dispute between Disney and YouTube TV
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Sky Invests $2.5 Billion: Turning to Real-World Assets to Address Stablecoin Volatility
- Sky (formerly MakerDAO) authorizes $2.5B in USDS for Obex, a crypto incubator targeting RWA-backed stablecoins. - Obex focuses on compute credits, energy assets, and fintech loans, offering 12-week programs with access to Sky's $9B reserves. - The initiative addresses synthetic stablecoin volatility by prioritizing institutional-grade RWA collateral like solar infrastructure and loans. - With $37M in initial funding, Obex aims to stabilize yield-generating stablecoins amid a projected $1T market growth.
