Bitcoin Drops to $80.5K, KOSPI Crashes 8%, CoreWeave Debt Tumbles

SPEAKER_1 (0:00)

Welcome to Stock Market Today.

Your market briefing with actionable insights on stocks, bonds, crypto, and the events moving markets.

Let's get into it. Bitcoin at $80,549.

Ethereum, 2,348. Risk-off contagion spreading from Seoul to crypto markets. South Korea's Kospi crashed 8% Thursday after Samsung and SK Hynex led semiconductor carnage. SK Hynex down 11%.

Samsung Electronics off 9.5% on AI debt concerns and Chinese competition. Nearly $1 billion in crypto positions liquidated over 24 hours. Ethereum traders took the heaviest hit with $286 million wiped out. Bitcoin holding critical $80,000 support after testing $80,154 overnight. The real story, AI infrastructure financing stress is crossing asset classes. Core weave bonds tumbling hard since April raising red flags across high yield markets. Anthropic just disclosed third quarter revenue hit $16.8 billion, but growth decelerated sharply to 50% from 145% prior quarter. That's spooking investors on AI spending sustainability.

NASDAQ futures down over 1%, extending Wednesday's nearly 2% route. BlackRock CEO Larry Fink told CNBC any moratorium on US data center construction would trigger recession. Moody's estimates $700 billion in US data center capex this year alone. But Fink also sounded alarm on national debt, now $40 trillion, up $32 trillion since 2000 That fiscal pressure traditionally bullish for Bitcoin and gold as debasement hedges. Regulatory developments. What's up, man? Hyperliquid founder Jeff Yan proposed Wall Street firms build regulated businesses on his blockchain without requiring the chain itself to register as an exchange. Crack and parent Payward acquiring Lithuania's Saldo Bank, first crypto company buying EU bank, unlocking deposit and lending services across Europe. Bitcoin spot ETF outflows, 261 million Wednesday alone. Fed rate hike odds cooled to 29% for late October. 80,000 support critical for Bitcoin. Break below opens path to test mid to upper 70,000s. That wraps your market intel. Trade smart out there. For deeper insights and real time analysis, visit capitalcopilot.io.