🚨 Unpacking Friday’s Global IT Crash

In partnership with

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Hey Waivly Crew! 🌊 In today’s edition, Microsoft reports 8.5 million computers were affected by the global IT outage, while Bitcoin spot ETFs hit a historic milestone with over $17 billion in net inflows.

‎‎‏‏‎ Here’s what’s on the horizon today:

• X is developing a tool to block links in replies

• CrowdStrike IT outage affected 8.5M Windows devices

• US Bitcoin ETFs shatter records with $17B inflows

Let’s dive in!

STORIES MAKING A SPLASH

^_TECH
X is developing a tool to block links in replies

X is developing a feature to combat spam by disabling links in replies. Independent app researcher Nima Owji revealed this potential update, showing users can tick a box to prevent links in responses to their posts. Christopher Stanley, X’s Senior Director for Security Engineering, confirmed the feature's development, highlighting its potential to reduce spam and prevent unauthorized promotions.

However, this feature could also hinder users from posting legitimate links to debunk false information. Despite this, it aims to enhance overall platform security and user experience by minimizing spam.

Previously, Owji discovered that X was experimenting with in-app currency for creators and ID verification features. Additionally, X is looking to compete with LinkedIn by offering job listings for verified organizations.

^_TECH
CrowdStrike IT outage affected 8.5M Windows devices

CrowdStrike’s faulty update caused a global tech disaster on Friday, impacting 8.5 million Windows devices, according to Microsoft. Though this represents less than one percent of all Windows machines, it created significant disruptions for retailers, banks, airlines, and other critical industries.

CrowdStrike’s technical breakdown reveals that the issue stemmed from a configuration file, known as a “Channel File,” used by their Falcon sensor for behavioral protection. These files, updated multiple times a day, are crucial for the sensor’s operation but triggered a logic error in the faulty update.

Security researcher Patrick Wardle confirms that the problem file, “C-00000291-,” caused an OS crash due to a logic error, aligning with earlier analyses. This file, while not a kernel driver, affects how Falcon evaluates certain system executions on Windows.

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^_CRYPTO
US Bitcoin ETFs shatter records with $17B inflows

US Bitcoin spot ETFs have achieved a historic milestone, with cumulative net inflows surpassing $17 billion. BlackRock’s IBIT led the charge with $18.968 billion in inflows, while Fidelity’s FBTC added $9.962 billion.

Despite this success, Grayscale’s GBTC saw a significant net outflow of $18.694 billion, reflecting a shift in investor preferences. On July 17, the 11 US spot Bitcoin ETFs recorded a daily net inflow of $53.35 million, the ninth consecutive day of positive inflows, though this was a drop from the previous day’s $422 million.

BlackRock’s IBIT led with $110.37 million in net inflows and a trading volume of $1.21 billion. Fidelity’s FBTC added $2.83 million, while Grayscale’s GBTC and Bitwise’s BITB experienced net outflows. Total trade volume for the day was $1.79 billion, down from March’s peak of over $8 billion.

CREATOR SPECIAL

^{_{CREATOR SPECIAL}}
Nancy

Nancy is the developer behind Maester, an AI-powered platform that simplifies discovering consumer crypto platforms for on-chain creators. It allows users to search for functionalities and receive recommendations without needing specific platform names.

^{_{CREATOR SPECIAL}}
CY Zhou

CY Zhou is the founder of Vozo, which enables users to rewrite, redub, edit voice, and lip-sync narrative videos into new stories with prompts. In seconds, transform classics into promos, ordinary videos into comedies, or one language into many.

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THE WAVES

^{_{OTHER NEWS}}
More Stories Surfing The Web

💬 Instagram adds expiring and semiprivate comments

🚫 Meta pulls plug on release of advanced AI model in EU

🌌 Rare black hole discovered near the center of the galaxy

🤖 OpenAI dropped from AI programming copyright lawsuit

‎‎‏‎ ‎‎

Discover more Waves in the Waivly Community. Click here to get onboard and join the community! 🌊

SAIL INTO A NEW CAREER

^{_{NEW JOB OPPORTUNITIES}}
Waivly Work Highlights

👩‍💻 Business Development Representative at Magic

👩‍💻 Senior Unity Engineer at Decentraland

👩‍💻 Staff Solution Architect at Invisible

👩‍💻 Senior Data Engineer at Emergn

BACK TO THE SHORE

^{_{THANKS FOR READING}}
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