Kinda funny to see all exchanges act so different. Stamp/btc-e dumping, hyubi not really giving a fuck, and Gox is just sitting near that 1k mark like a kid with autism
Can we conclude that this sudden crash to ~750 in the Western exchanges was due to the news of Shrem's arrest?
Huobi was in the middle of a downtrend with occasional hiccups, but clearly it did not start that crash; and it reacted only slightly to it, presumably because of arbitrage trading.
It will be some time before the news of Shrem's arrest are translated and reported in Chinese media -- if they are at all. Until this morning I had never heard of the guy, and presumably he and the Bitcoin Foundation are totally unnown in China. So perhaps the Chinese markets will just ignore the incident.