Thai SEC takes strong action: According to the announcement on May 29, 2025, the Thai SEC will block access to 5 major cryptocurrency exchanges including Bybit, OKX, CoinEx, 1000X, and XT.COM starting June 28, 2025. Main reason:

The crypto situation and Trump: The liquidation of a $99.3 million long position by Bitcoin whale James Wynn as BTC price drops below $105,000 is attracting attention. Trump has not made a new statement about crypto today (June 1, 2025), but investors expect him to support crypto, especially as Bitcoin ETFs in the US receive a cash inflow of $2.9 billion. The price of Bitcoin is currently fluctuating around $103,000–$110,000, with market sentiment being 'fearful' (Fear & Greed index: 33). Strict regulations in Thailand may affect global sentiment.

Trump's trade policy: Trump continues to push for retaliatory tariffs, threatening a 104% tariff on Chinese goods starting April 9, 2025, but a US court has temporarily blocked part of it. Vietnamese businesses (textiles, footwear) risk facing a 46% tax. This policy could indirectly impact global crypto capital flows.

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

Elon Musk leaves the administration: Musk stepped down from his advisory role after disagreements with Trump over taxes and budgeting. 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 opinion!

#CEXvsDEX101 #Bybit #OKX