BRETT, a memecoin, has reached a new all-time high of $0.22, entering the top 60 cryptocurrencies by market cap with a valuation of $2.21 billion. This surge is attributed to a bullish flag breakout, suggesting potential further gains, especially if BRETT gets listed on major exchanges like Binance and Coinbase. Despite being overbought, the memecoin's strong demand in the derivatives market and significant short liquidations indicate continued bullish momentum, with the possibility of entering the top 50 by market cap.
Microsoft experienced a global outage affecting its Microsoft 365 services, including Teams, Outlook, and Exchange, due to a "recent change" the company implemented. The issue began with a spike in complaints and Microsoft has been working to revert the change and deploy a fix, which has reached 98% of affected environments. This follows a previous incident in July involving a corrupted update by CrowdStrike that impacted systems worldwide.
Microsoft is investigating a global outage affecting its Outlook, Exchange, and Teams Calendar services, with users unable to access emails or calendars. The company has identified a recent change as the potential cause and is deploying a fix while manually restarting affected machines. Reports of the outage began early in the morning, with users from various countries experiencing issues. Microsoft is working to revert the change and determine further actions needed to resolve the problem.
A federal Cyber Safety Review Board report has blamed Microsoft for "a cascade of security failures" that led to the 2023 Exchange breach, citing inadequate security culture and preventable errors. The report details critical failures in Microsoft's response to the breach and highlights inaccurate public statements and unsolved mysteries. Microsoft has acknowledged the need to adopt a new culture of engineering security and plans to review the report for additional recommendations.
Nasdaq experienced a two-hour technical glitch related to connectivity and stock orders, which has since been resolved. The issue, related to the matching engine, impacted thousands of stocks listed on the exchange, including those of major tech companies. Such technical glitches can disrupt markets, affect trader confidence, and draw regulatory scrutiny. This is the second technical glitch for Nasdaq in recent months, with the previous incident occurring in December. The exchange operator did not provide further details about the severity of the issue.
Pro-Ukraine Russian fighters claim to have taken two Russian soldiers captive and offered to exchange them for a meeting with the regional governor of Belgorod. The two groups involved in the incursions, the Freedom of Russia Legion and the Russian Volunteer Corps, have reported fighting battles in the region in recent days. Russia has labeled the groups as "terrorists" acting as proxies for Kyiv, while Ukraine has denied direct involvement in the attacks but has cast them as a consequence of Russia's invasion.
