Core Insights - Cloudflare is experiencing a significant outage affecting various crypto platforms, including BitMEX and DeFiLlama, with the company working to restore services [1][2] - The outage has led to a 4% decline in Cloudflare's stock price, closing at $202.25, with a further drop to $195.35 in pre-market trading [2] - The total cryptocurrency market capitalization has decreased by 3% to $3.12 trillion due to the outage [4] Company Impact - Cloudflare's internal service degradation has disrupted services for multiple platforms, indicating a reliance on its infrastructure within the crypto ecosystem [1][2] - The stock performance of Cloudflare reflects investor concerns, with a notable drop in share price following the outage announcement [2] Industry Reaction - The crypto community has expressed frustration and humor regarding the outage, highlighting the irony of a decentralized ecosystem being dependent on a single DNS provider [4] - Major cryptocurrencies have seen price declines, with Bitcoin dropping to $89,300.46 and Ethereum falling below $3,000 [5]