IntelWhat is moving, its shape and its speed
Intel
Crypto in Thailand, read for the long haul: dated notes with their sources, and trends computed from the data at every build.
Trends
Bitcoin in baht, 90 days฿2,616,846Past its peak · down about 7% a month+24.3% since 2026-08-01USDT against a bank wire+0.38%Rising · +0.05 points a monthmedian of the last 30 days; +0.52% median since 2018Dollar stablecoins, 1 year$300BFlat · no clear direction$304.7B a year ago; high $315.5B on 2026-05-17Bitcoin's guesses a second, 3 years964 EH/sRising · doubles in about 2.6 years964 quintillion SHA-256 guesses a second; 482 on 2023-10-31Thai crypto rule changes, 12 months13Step by step · weeksone about every 4 weeks; latest 2026-09-14
Computed from the data on 2026-10-30, at each build. Shape and speed read from the run itself; the line is the data.
Notes 7
Binance paused withdrawals after a $6.3 billion theftThe largest crypto theft on record began, Binance says, with one engineer's laptop. Binance TH paused crypto withdrawals; baht kept moving.Sudden drop · hoursThe long view: crypto is not actually cryptoKeys leak through laptops and flawed code, and on paper the machine that breaks bitcoin's math keeps getting smaller.Slow, then sudden · yearsA Thai bank account depends on your visa, and one flag stops them allKasikornbank's published list leaves out the DTV and short-stay visas. Since 2024, a fraud flag on a person stops every account that person holds.Step by step · yearsDollar stablecoins stopped growing this year$304.7 billion a year ago, a $315.5 billion peak in May, $299.6 billion now. Thailand is narrowing the doors for USDT at the same time.Flat · monthsThai crypto rules: a new step about every four weeks13 changes in twelve months. Each narrows the road between a wallet and a Thai bank account to licensed firms and the customer's own verified wallets.Step by step · weeksScam losses in Thailand: from 117 million baht a day to about 50 millionPolice figures for early 2024 against the Anti-Cyber Scam Centre's for the first half of 2026. The loss per case is above 52,000 baht.Falling · yearsMoney home to Myanmar: 93% of senders use informal channelsHundi costs about 2.5%, banks about 10%, and the kyat has lost about 80% against the dollar since 2021.Falling · years