--- title: "Cryptocurrency rises against the trend, South Korean chip stocks plummet 7%, causing panic" type: "News" locale: "en" url: "https://longbridge.com/en/news/296314611.md" description: "Cryptocurrency rises against the trend, with Solana leading the way; South Korean chip stocks plummet 7%, triggering panic. U.S. Treasury yields hit a seven-year high, with the market focusing on Federal Reserve policy direction and the Jackson Hole Symposium" datetime: "2026-08-19T07:03:07.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296314611.md) - [en](https://longbridge.com/en/news/296314611.md) - [zh-HK](https://longbridge.com/zh-HK/news/296314611.md) --- # Cryptocurrency rises against the trend, South Korean chip stocks plummet 7%, causing panic According to Woofun AI, the global asset market is showing significant divergence: the cryptocurrency sector is strengthening against macro pressures, while South Korean chip stocks and the semiconductor index are experiencing substantial sell-offs, raising concerns about the valuation of tech stocks. Data compiled by Woofun AI shows that Bitcoin's price is stable around $64,250, with a weekly increase of 1%. Solana performed the strongest, rising 2% to nearly $77, with a cumulative weekly increase of 1%. Ethereum rose 1% to just above $1,900, with an overall weekly increase of 1.5%. Ripple rebounded nearly 1% to just below $1, but its seven-day decline remains at 2%. Tron increased by 0.5% to $0.33; Dogecoin also rose by 0.5% to $0.07. Binance Coin slightly retreated to just above $600, with a cumulative weekly decline of 2%. Hyperliquid's HYPE price fell over 1% to just above $58, but its seven-day increase remains at 7%, ranking first among mainstream coins. Traditional financial markets are experiencing increased turbulence, with Samsung Electronics and SK Hynix both seeing stock prices drop over 7%, leading to a more than 6% decline in the Korean Composite Index and a 2% drop in the MSCI Asia-Pacific Index. Influenced by a 5% drop in the Philadelphia Semiconductor Index on Tuesday (the worst single-day performance since the end of July), Asian semiconductor-related indices also fell by over 3%. The global sell-off has pushed the yield on U.S. 30-year Treasury bonds to its highest level since 2007, while the yield on 10-year Treasury bonds is approaching levels not seen since early 2025, increasing the financing costs for AI infrastructure companies. On Wednesday, U.S. Treasury prices remained stable, with the yield on 10-year Treasuries decreasing by about 1 basis point to 4.69%; gold rose 0.6% on Wednesday to over $4,360 per ounce after falling nearly 2% on Tuesday. The minutes from the Federal Reserve's July meeting will be released at 2 PM Eastern Time, and Federal Reserve Chairman Kevin Walsh will speak at next week's Jackson Hole symposium. A Reuters survey shows that among 104 economists, 94 expect the September interest rate to remain between 3.50% and 3.75%, with the market estimating about a 68% probability that rates will not change ### Related Stocks - [FSOL.US](https://longbridge.com/en/quote/FSOL.US.md) - [TSOL.US](https://longbridge.com/en/quote/TSOL.US.md) - [BSOL.US](https://longbridge.com/en/quote/BSOL.US.md) - [GSOL.US](https://longbridge.com/en/quote/GSOL.US.md) - [SOLZ.US](https://longbridge.com/en/quote/SOLZ.US.md) - [EWY.US](https://longbridge.com/en/quote/EWY.US.md) - [03121.HK](https://longbridge.com/en/quote/03121.HK.md) - [SSNGY.US](https://longbridge.com/en/quote/SSNGY.US.md) - [SKHY.US](https://longbridge.com/en/quote/SKHY.US.md) - [SMSN.UK](https://longbridge.com/en/quote/SMSN.UK.md) ## Related News & Research - [Solana Co Q2 net loss widens on higher operating expenses](https://longbridge.com/en/news/295974174.md) - [Solana (SOLUSD) Volatility Intensified on Aug 17: What You Should Know](https://longbridge.com/en/news/296065647.md) - [QUICK SPARK: Bitwise Brings Tokenized Shares to ETFs, Starting With Solana Fund](https://longbridge.com/en/news/295948438.md) - [Prediction: Solana (SOL) Will Be Worth $200 in 2 Years](https://longbridge.com/en/news/296259527.md) - [Solana: Native DEX trading goes live on XRPL - 16 Aug 2026](https://longbridge.com/en/news/296026261.md)