Summarised, the news is a rehash of the information that's been readily available this week about certain banks closing down accounts that were connected with Chinese exchanges. This is not new information, most of it is available to read on here, Reddit and in some cases on the actual exchange websites.
Some people don't deserve Bitcoins!
Source: Huobi's customer support team.
Had to laugh at the quote above "The Silly Americans are selling on this news" both sides blaming each other
Whacked that in for the Lolz. Silly Europeans as well to be fair. Stamp reacted worse than Huobi.
Think the Chinese dump was likely manipulation, knowing how the rest of the world would react.