Here is what happened yesterday in the crypto market:
Bitcoin Dominance Nears 4-Year High Despite Global Economic Concerns
Bitcoin’s dominance is reaching levels not seen in four years, demonstrating its resilience amidst global economic uncertainties and tariff concerns. While other cryptocurrencies like Dogecoin experience slumps, Bitcoin remains steady, reflecting investor confidence in its long-term value.
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Applied Digital Stock Tumbles After Revenue Miss; Plans Cloud Unit Sale
Applied Digital (APLD), a Bitcoin mining and data center company, experienced a significant drop in its stock price (30%) following a disappointing quarterly earnings report. The company plans to sell its cloud computing unit in response to the revenue shortfall.
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Semler Scientific Settles DOJ Fraud Investigation for $30M
Semler Scientific, a healthcare technology firm, has reached a preliminary agreement with the Department of Justice (DOJ) to pay $30 million to settle a fraud investigation. The details of the investigation and settlement were disclosed in a recent filing.
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Binance, KuCoin, and Other Crypto Exchanges Experience Service Issues Due to AWS Outage
Several leading cryptocurrency exchanges, including Binance and KuCoin, faced service disruptions due to a network interruption at Amazon Web Services (AWS). This highlights the dependence of crypto infrastructure on centralized services.
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DEX KiloEx Suffers $7M Loss in Oracle Manipulation Attack, Offers Bounty
Decentralized exchange (DEX) KiloEx experienced a $7 million loss due to an oracle manipulation attack. The platform is offering the hacker a 10% bounty ($750,000) as part of a white hat agreement.
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