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Bitcoin just crashed from $126K to $81K, dragging stablecoins like Tether and Circle—and their $250 billion in Treasury-backed assets—into a full-on financial mess. Meanwhile, a tiny Singapore exchange with 11 employees just liquidated $10 billion, proving crypto’s wild ride is shaking traditional markets harder than anyone expected. Retail investors are fleeing crypto ETFs, and honestly, it looks like crypto’s “disruption” might just be turning it into another volatile tech stock.