Why crypto dropped?

What we’ll cover today:

📉 Why crypto dropped $629M in liquidations overnight

📊 Smart money's quiet accumulation of PLUME

🇭🇰 Hong Kong’s bold new stablecoin law

Crypto Crash Day 💥

Bitcoin, Ethereum, and other major tokens slipped as U.S. tariffs and Fed uncertainty made investors nervous. Liquidations followed.

🚨 Breaking News
Over $629 million in crypto got liquidated after a 6.6% market drop. BTC and ETH dipped hard.

⚡Wire Simplified

• BTC dropped 2.4% to $115K. ETH fell 4.1%.

• Macroeconomic pressure: Tariffs and Fed jitters scared investors.

• 5 ancient BTC wallets from 2010 moved $30M worth of coins (!)

• Short-term Bitcoin holders are selling at a loss.

• Fear and Greed Index dropped to 75. Nerves kicking in.

✔️Straight to the Point
Crypto's having a bad day. Tariffs, rate fears, old wallets moving, and panic-selling all shook the market.

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Smart Money Loves PLUME 🧠💸

High-profile crypto wallets (aka smart money) are loading up on PLUME, a rising star in real-world asset (RWA) tokens.

🚨 Breaking News
Smart money increased PLUME holdings by 56% this month. Price may pop 40% if a bullish breakout confirms.

⚡Wire Simplified

• PLUME holds 50% of all RWA wallets now. That’s huge.

• Chart shows a bullish wedge. Breakout possible soon.

• RSI and moving averages flashing green signals.

• Grayscale listed PLUME under consideration.

• Token currently trades at $0.096. Breakout target is $0.13.

✔️Straight to the Point
PLUME’s smart money spike, bullish chart, and RWA dominance might just mean a rally is loading. But market vibes matter.

Hong Kong Goes Full Stablecoin 🏦🪙

Hong Kong just launched its first-ever stablecoin law. Big names like JD.com and Standard Chartered are already eyeing licenses.

🚨 Breaking News
HK’s Stablecoin Ordinance is live. Only a handful of licenses will be granted starting 2026. Applications open now.

⚡Wire Simplified

• Issuers can peg to HKD or USD. Yuan needs special permission.

• Ads only allowed by licensed issuers.

• Must maintain 1:1 reserves to issue stablecoins.

• VPN-based access to restricted regions strictly prohibited.

• HKMA will handpick eligible firms for first license batch.

✔️Straight to the Point
Hong Kong is going full Web3 regulator mode. A tiny stablecoin club is forming and big banks want in early.