In three days, three major 'life and death' situations have emerged in the global crypto market!
1⃣ Thailand takes action against exchanges, banning several major trading platforms
2⃣ South Korea opens the floodgates, allowing charitable organizations to use cryptocurrencies tax-free
3⃣ CME swallows 96% of market value, launching four major crypto indices!
The world is quietly rewriting the rules
Thailand has completely blocked exchanges, and this is not just simple regulation, but a cleanup of the local market to pave the way for the launch of the 'National Digital Currency G-Token' in July!
Key points:
• No mention of cryptocurrencies before June 28, or face asset freezing
• In the future, Thailand will only retain officially designated platforms, the real 'life and death battle of exchanges' has begun!
Bearish reminder: Local users must quickly transfer assets, or risk losing everything!
South Korea is doing the opposite, announcing 'zero fees' for non-profit organizations trading cryptocurrencies!
This policy wave is not about 'injecting liquidity', but a detailed layout:
Lowering donation thresholds to encourage on-chain charity
Mandatory conversion to Korean Won to ensure transparency and prevent money laundering
Korean crypto donations are expected to grow by 38% in 2024, which will be the next explosion point of 'public chains + public welfare'!
CME partners with CF Benchmarks to launch four major cryptocurrency indices (ARB, SUI, NEAR, ONDO), covering 96% of investable crypto market value!
This is the biggest step for traditional finance to converge with crypto assets!
What does it mean?
• More crypto assets can be included in ETFs, funds, and structured products
• Layer 1 and DeFi are gradually integrating into Wall Street's 'compliance landscape'
But don't forget, the policy storm also brings market turbulence:
• BTC falls below $105,000
• ETH and DOGE drop sharply by 5%-10%
• Over $700 million liquidated in one day, with 210,000 people being liquidated!
Reasons?
The U.S. tariff policy is unstable + inflation expectations are uncertain
Thailand's ban triggered panic selling
Conclusion:
Tightening regulation, traditional entry, policy differentiation... this is the eve of the 'new round of order reconstruction'!
Whoever can seize the initiative in the changing situation will be the next winner of the bull market!
Don’t just 'watch the excitement', these three events will determine the direction of the crypto market in the second half of the year.
Those who have not awakened are already being marginalized.
