InstantWhyEther and XRP traded roughly unchanged as semiconductor stocks in Asia steadied, CoinDesk reports. Samsung announced a 250-fold surge in quarterly profit, helping to ease a broader sell-off in chip stocks across the region. Most major cryptocurrencies remained lower over the week, with HYPE down 8% despite the stabilisation.
Semiconductor stocks had been under pressure in recent sessions, dragging down technology-linked assets including some cryptocurrencies, but that correlation appears to have weakened. The divergence suggests crypto investors are focused on factors specific to digital asset markets rather than broader risk appetite in equities.
Technology stock futures fell in late July as investors awaited major earnings reports and the Federal Reserve's policy decision. Microsoft and Meta reported quarterly results during the same period amid a broader semiconductor sell-off that weighed on the Nasdaq. Robinhood's earnings were also in focus as analysts watched whether new products could offset weaker cryptocurrency volumes.
The disconnect between crypto and chip stock performance will test whether digital assets can sustain independent momentum or whether they remain vulnerable to broader technology sector swings. Samsung's profit recovery may signal stabilisation in the semiconductor industry, though crypto markets have yet to show a clear directional response.
- ✓Detected and written at 2026-07-30 05:30
- ✓First reported by CoinDesk (Crypto
- ✓Written from public facts in our own words — never a copy
- ✓Published as fast as possible; our team holds editorial responsibility
Sources
- CoinDesk (Crypto — secondary vertical): https://www.coindesk.com/markets/2026/07/30/ether-xrp-flat-as-chip-stocks-steady-on-samsung-s-250-fold-profit-surge
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