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Crypto

Samsung Electronics, SK Hynix slump puts bitcoin on edge; what markets are watching

A sharp fall in shares of Samsung Electronics and SK Hynix is emerging as an early risk signal for bitcoin, as the cryptocurrency has recently shown a high correlation with AI-linked tech stocks. The selloff pushed South Korea’s KOSPI to a three-month low and spread to U.S.-listed SK Hynix shares and the Nasdaq 100. Markets are watching upcoming earnings and signs of whether AI investment expectations are weakening or risk aversion is deepening.

Crypto

Bitcoin miners speed shift to AI data centres, opportunity cost may rise

Bitcoin mining companies are redirecting power and facilities to AI infrastructure as mining profitability deteriorates. Some large miners have begun converting sites, signing long-term computing contracts and cutting new mining equipment spending. Bitcoin trades around $64,000, about 50% below its October 2025 peak, while fees lag and the April 2024 halving cut block rewards. AI data centres offer higher power rates and long-term deals, but critics warn the shift may be poorly timed and difficult to reverse due to high capital costs.

Crypto

Fed chair 'no inflation easing' comment rattles markets; bitcoin slips below $64,000

Bitcoin rose above $64,400 right after the U.S. Federal Reserve kept its policy rate unchanged, but slid back below $64,000 after Fed Chair Kevin Warsh’s hawkish remarks. Over 24 hours, it was up just 0.13%. The Fed held rates at 3.50 to 3.75%, with three FOMC members dissenting for a 25-basis-point hike. Other major crypto prices were mostly rangebound, while risk assets faced pressure from higher oil prices and rising U.S. Treasury yields.