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BlockBeats News: On March 5th, according to Decrypt, Thailand's Economic Crime Crackdown Department (ECD) recently raided five unlicensed cryptocurrency companies located in Bangkok, Phra Nakhon Si Thammasat, and Phra Nakhon Si Thammasat, arresting 11 individuals involved in the case. This operation targets illegal cryptocurrency trading activities, involving companies with an annual transaction volume of up to 1 billion Thai baht (approximately 29.3 million US dollars). The police seized 6 computers and related evidence at the scene, including company executives and ordinary employees. ECD Commander Thatphum Jaruprat stated that the case is still under further investigation, and Thai authorities will continue to crack down on illegal financial activities and maintain market order.

President Trump’s announcement of a U.S. Crypto Strategic Reserve surprised the industry by including XRP, SOL and ADA alongside BTC and ETH.The market initially surged on the crypto reserve news, but bitcoin subsequently dropped over 10%, and ether plunged more than 15% after Trump’s announcement of new tariffs on imports from Canada, Mexico and China fueled risk-off sentiment.

OKX-BTC/USDT is currently trading at $88038.40, up 1.12% in 24 hours. Please be aware of market fluctuations.

Cryptocurrency exchange Bybit plans to begin rewarding clients who hold or use Ethena’s USDtb, the stablecoin backed by BlackRock’s tokenized BUIDL fund, this week.The move comes as the stablecoin market grows increasingly competitive, with the United States potentially crafting regulatory certainty regarding the tokens.