Bitcoin diverges from South Korean stocks as AI concerns deepen the Kospi selloff
South Korea’s chipmakers lead another sharp selloff as concerns over AI spending and Chinese competition grow, while bitcoin holds well above its summer lows.
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Summary
- The KOSPI fell 5.5%, leaving it roughly 38% below its June peak, while bitcoin has rebounded from around $58,000 to as high as $87,000.
- Bitcoin and the KOSPI show a moderately negative 20-week rolling correlation of -0.41.
- Broadcom CEO Hock Tan’s warning about speculative AI investing and CXMT’s claimed memory-chip breakthrough intensified pressure on global chip stocks.
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
