**CrowdStrike Shares Plummet After Software Update Mishap**

CrowdStrike, a leading American cybersecurity firm, saw its stock drop another 13% on July 22, following a failed software update that caused a global computer outage. This brings the company's total decline to 30% for the month, with shares now trading at $263, down from an all-time high of $392 on July 1.

- **Short Sellers Profit**: Bloomberg reports that short sellers gained $978 million from the 23% two-day stock decline.

- **Analyst Downgrades**: Guggenheim analysts have downgraded the stock, removing their $424 price target but remain optimistic about long-term recovery.

- **Crypto Networks Unaffected**: Binance's Chief Security Officer, Jimmy Su, highlighted that distributed crypto networks like Bitcoin remained unaffected, underscoring the resilience of decentralized systems.

Despite the setback, many Wall Street analysts predict a 40% upside for CrowdStrike in the long run.