SEC Thailand acts strongly: According to the announcement on 29/5/2025, the SEC of Thailand will block access to 5 major cryptocurrency exchanges including Bybit, OKX, CoinEx, 1000X, and XT.COM starting from 28/6/2025. The main reason:

The crypto situation and Trump: The liquidation of a long position of 99.3 million USD by Bitcoin whale James Wynn as BTC price drops below 105,000 USD is attracting attention. Trump has not made any new statements about crypto today (1/6/2025), but investors expect him to support crypto, especially as Bitcoin ETF in the US receives a cash inflow of 2.9 billion USD. The current Bitcoin price fluctuates around 103,000–110,000 USD, with market sentiment being "fear" (Fear & Greed index: 33). Strict regulations in Thailand may affect global sentiment.

Trump's trade policy: Trump continues to push for countervailing duties, threatening to impose a 104% tariff on Chinese goods starting from 9/4/2025, but a US court has temporarily blocked part of it. Vietnamese businesses (textiles, footwear) are at risk of facing a 46% tax. This policy may indirectly impact global crypto capital flows.

Iron Dome and international tensions: Trump supports the "Iron Dome" missile defense project, but has not made any new comments today. China opposes it, fearing an arms race.

Elon Musk leaves the administration: Musk departs from his advisory role following disagreements with Trump over taxes and the budget. This event has sparked controversy, but Trump has not publicly responded today.

What do you think? How will Thailand's ban and Trump's policies affect crypto? Please share your opinions!

#CEXvsDEX101 #Bybit #OKX