Chinese crypto-linked stocks like Meitu see big corrections after Ethereum dump

Stocks of Chinese publicly listed companies fell sharply today after cryptocurrencies like Bitcoin, Ethereum, and others plunged massively on 19/5/21, data from multiple sources shows.

Over $8 billion in liquidations (or collateral that is seized by exchanges after asset prices hit a predetermined price level) and over 350,000 trading accounts getting liquidated as Bitcoin…