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Thailand eyes spot Bitcoin ETF approval, crackdown on Polymarket

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Thailand’s Securities and Exchange Commission (SEC) is evaluating the introduction of spot Bitcoin exchange-traded funds (ETFs) to local exchanges, aiming to provide both retail and institutional investors with direct access to cryptocurrency investments. SEC Secretary-General Pornanong Budsaratragoon emphasized the necessity for adaptation, stating, “We have to adapt and ensure that our investors have more options in crypto assets with proper protection.”

In addition to considering Bitcoin ETFs, the SEC is exploring the possibility of permitting companies with strong credit ratings to issue stablecoins backed by corporate bonds. This initiative seeks to broaden access to debt markets and enhance financial inclusivity. Concurrently, Thaksin Shinawatra, the de facto leader of the ruling Pheu Thai Party, has proposed the issuance of government bond-backed stablecoins and the establishment of a Bitcoin sandbox in Phuket to facilitate tourism-related transactions.

On the enforcement front, Thailand’s Technology Crime Suppression Division (TCSD) has announced plans to propose the closure of Polymarket, a cryptocurrency-based prediction market. Authorities have classified the platform’s activities as illegal online gambling, citing the use of cryptocurrency for trading and betting as a violation of Thai law. Police Lieutenant General Trairong Phiwpaen highlighted the challenges posed by crypto gambling, particularly due to the anonymity and cross-border nature of blockchain transactions.

This move aligns with actions taken by other countries in the region. Notably, Singapore blocked access to Polymarket on January 12 as part of its crackdown on unlicensed gambling platforms. Despite these restrictions, Polymarket continues to operate, with significant trading volumes reported in early 2025.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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