# margin hikes

Markets Recoil: Silver Plunges, Crypto Halves from Peak as Exchanges Tighten Margins; Meituan Buys Dingdong Amid Beijing’s Regulatory Sweep

A sharp cross-asset sell-off saw silver tumble over 20% and bitcoin drop below $65,000, prompting exchanges to raise margin requirements. The turmoil coincided with geopolitical tensions as US and Iranian delegations prepared to meet in Oman, and with Chinese domestic moves including Meituan’s planned purchase of Dingdong and regulatory action against a financial influencer.