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Thai crypto traders will be blocked from accessing Bybit, CoinEx, OKX, 1000X, and XT.com, from June 28, according to a recent announcement from Thailand's Securities and Exchange Commission.The Thai SEC has filed charges against these exchanges with the country's Economic Crime Suppression Division, citing violations of the Digital Asset Business Act, and has requested that the nation's Ministry of Digital Affairs block access to the platforms."Investors are urged to promptly secure their assets on these platforms before the impending access restrictions," the SEC advised.The regulator further emphasized the importance of using licensed platforms to ensure investor protection and prevent inadvertent participation in criminal activities such as money laundering."As a firm, we are fully committed to engaging with governments and law...

James Wynn, the Hyperliquid trader who had at one time a billion-dollar notional position, has become an outsized victim of bitcoin's BTC cooling sentiment.Wynn's current highly leveraged BTC position, which he appears to be struggling to maintain, spiralled into a loss of nearly $100 million over the last week.Data from Hyperdash shows that Wynn's margin usage is nearing 100%, which would result in a total liquidation of his position, though Wynn recently made a deposit of $376,000 to bolster his defenses.The trader, known for making aggressive bets under the pseudonym "moonpig," currently holds a long position of approximately 1,690 BTC, valued at roughly $178.78 million.On-chain data shows that Wynn's 40x leveraged BTC bets now carry an unrealized loss of approximately...

Crypto staking, under certain circumstances, does not appear to implicate U.S. securities law, a branch of the U.S. Securities and Exchange Commission said late Thursday.The SEC's Division of Corporation Finance published a staff statement — the latest in a series from the regulator — spelling out how the regulator may evaluate proof-of-stake networks, mainly noting that covered activities do not "involve the offer and sale of securities" — meaning the SEC won't sue any person or company participating in those activities.Node operators and validators, custodians, delegates, nominators and entities staking assets either on their own, staking directly with a third party or staking on behalf of an asset's owners fall into this bucket, the staff statement said. In this, the...

LAS VEGAS, Nevada — Strategy (MSTR) Chair Michael Saylor waxed poetic about bitcoin in a keynote speech at Bitcoin 2025 in Las Vegas on Thursday, laying out his guiding principles — his so-called “21 ways to wealth” — for a jam-packed audience of fans and conference-goers.“Satoshi started a fire in cyberspace, and while the fearful run from it and fools dance around it, the faithful feed the flame, dreaming of a better world, and bathe in the warm glow of cyberlight,” Saylor said. “What does that mean? It means that a lot of people that look at Bitcoin are going to be afraid of it. They'll never touch it. They'll never benefit from it. They'll be left behind. Then others will just juggle...

Good Morning, Asia. Here's what's making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas.Bitcoin (BTC) is trading above $105K as Asia begins its business day, down 1%.In a note, Paris-based digital assets trading firm Flowdesk wrote that the world's largest digital asset was moving into a tactical posture with price consolidation."As BTC consolidates near all-time highs, altcoin volumes and liquidity have seen a continued meaningful shift upwards," Flowdesk wrote.Flowdesk notes that Bitcoin's volatility continues to decline despite looming macroeconomic events that typically shake up markets.With BTC consolidating near its all-time high,...