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(Bloomberg) -- South Korean investors loaded up on US leveraged exchange-traded funds this week, continuing to plow into a popular trade amid a rout that has plunged the market into a correction.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionNYC Congestion Pricing Toll Gains Support Among City ResidentsOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsProspect Medical’s Pennsylvania Hospitals at

Stocks have plunged in amid fears that tariffs will weigh on economic growth. Yet, there may be a more under-the-radar reason behind the sell-off.

"Price manipulations, coin failures, and use of cryptocurrencies in illicit finance will increase," warns D.C.-based watchdog group Public Citizen.

HIVE Digital is planning a massive 400% increase in hash rate by expanding into Paraguay, tapping into the country’s hydroelectric surplus.

Artificial intelligence is speeding up oil and gas drilling and prompting companies to take a second look at places they had viewed as too difficult or expensive to develop, executives detailed during the CERAWeek conference in Houston. Oil producers are seeking ways to remain profitable in an environment of plummeting oil prices and worries that U.S. President Donald Trump's tariffs could slow global energy demand. UK oil major BP is using AI to steer drill bits and predict potential problems in wells before they happen, said Ann Davies, BP's senior vice president of wells.

In December 2024, Bitwise had predicted that Bitcoin’s price would hit $200,000 in 2025. But the current drop in its value has us worried.

The index dipped 1.4%, while the Nasdaq Composite and the Dow Jones Industrial Average fell 2% and 1.3%, respectively, on Thursday.

Treasury Secretary Scott Bessent on Thursday also reiterated the administration's position that it's willing to tolerate market volatility.

"As a traditional investor, it doesn't fit any valuation system that makes any sense compared to any other stock," Ross Gerber said of Tesla.

See whether buying cryptocurrency with a credit card is possible and if it makes sense.