Thai energy billionaire turns to crypto to drive growth: report

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Thai energy billionaire turns to crypto to drive growth: report

The move comes as Thailand’s market for retail traders is shrinking. Data from the country’s Securities and Exchange Commission cited by Bloomberg showed the number of active trading accounts fell to 260,000 in July from 692,000 in January, coinciding with a decline in crypto prices. Bitcoin (BTC) is now 69% below its all-time high, with ether (ETH) and other major cryptocurrencies such as solana (SOL) seeing declines of up to 86%, CoinGecko data shows.

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