🚨 Crypto Market Shaken: 700M Liquidated, Bitcoin Dives, and Global Regulation Tightens A sharp drop in Bitcoin’s price below 116K triggered over 700 million in liquidations across the crypto market in just 24 hours. Long traders took the biggest hit, with more than 213,000 accounts wiped out. Meanwhile, in the U.S., Ethereum developer Preston Van Loon took the stand to defend Tornado Cash co-founder Roman Storm, calling the platform a “privacy tool” and citing personal safety. Over in Hong Kong, regulators announced new criminal penalties — including fines and jail time — for promoting unlicensed stablecoins starting August 1. 📉 Crypto bulls caught off guard ⚖️ Tornado Cash trial unfolds 🚫 Stablecoin crackdown intensifies in Asia The pressure is on — are we witnessing a global crypto reset?(DIN⏳)