**News Flash: Crypto Networks Shine Amid Tech Turmoil đ**
- **CrowdStrike's Woes**: CrowdStrike's stock nosedived 13% on July 22 after a botched update caused a global outage. Their shares have plummeted 33% since July 1.
- **Short Sellers Rejoice**: Short sellers bagged $978 million from CrowdStrike's 23% two-day decline, the worst in its history.
- **Crypto Networks Unscathed**: Jimmy Su, Binance's Chief Security Officer, highlighted that blockchain networks like Bitcoin remained unaffected due to their decentralized nature.
- **Long-Term Optimism**: Despite setbacks, analysts see a 40% upside for CrowdStrike in the long run.