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Asian semiconductor stocks plunge triggers $800M crypto liquidations, highlighting risks in leveraged crypto-stock bets.

Market News
13 Oct 2026
CrowdFundInsider
View Source
Bearish
Asian semiconductor stocks plunge triggers $800M crypto liquidations, highlighting risks in leveraged crypto-stock bets.

Asian semiconductor stocks, especially in South Korea, dropped sharply, causing about $803 million in leveraged crypto liquidations, mainly from bullish positions. This selloff showed how crypto platforms are increasingly used for leveraged bets on traditional chip stocks, with SanDisk and SK Hynix contracts heavily affected. Meanwhile, SWI Group raised €800 million to shift former bitcoin mining assets toward AI infrastructure, reflecting a broader industry move. Additionally, a hardware wallet security breach linked to a Southeast Asian reseller raised concerns about supply-chain risks in crypto device distribution. These events underscore growing overlaps and risks between crypto derivatives, traditional tech equities, and emerging AI infrastructure investments.

While Asian semiconductor stocks faced sharp declines triggering significant crypto liquidations, XRP on Pluang shows a modest dip of 0.47% as of Oct 13, 2026 21:31 WIB. XRP trades at Rp24.642 with a market cap of Rp1.541,37T and a 24-hour volume of Rp47,66T. Despite the selloff in chip stocks, XRP's order activity leans slightly more towards buying at 56%, contrasting the broader market's risk-off sentiment.

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