RECAP: Five years ago today, crypto had its worst single-day crash in history. BTC -30%. ETH -40%. DOGE -45%. $ 8B+ liquidated in 24 hours. 775,000 traders wiped out. The catalyst sequence: @elonmusk pulled Tesla's BTC payments on May 12. China's PBOC banned financial institutions from crypto on May 18. @Binance, @Coinbase and @RobinhoodApp all went down as traders rushed the exits.(CoinDesk)