Trump said that Thailand and Cambodia have called a ceasefire tonight - they originally had a roadside explosion (said to be an accident), Thailand retaliated, and it almost escalated into a conflict. Now, with the help of the United States and Malaysia, they are reverting to the previous peace agreement, and they also mentioned wanting to engage in good trade with the United States.

Don't think that these two are insignificant and disregard it. During the border friction between Thailand and Cambodia in 2018, Southeast Asian risk-averse funds directly pulled BTC up by 3 points; what’s more crucial this time is the 'U.S. leadership + trade binding' - under the hegemony of the dollar, as long as the U.S. steps in to mediate, it essentially provides regional capital with a 'safety guarantee', and short-term risk-averse sentiment will cool down. Those cryptocurrencies that were opportunistically linked to geopolitical events (like those that previously speculated on 'Southeast Asian war chains') need to withdraw quickly; however, in the long run, U.S. involvement in Southeast Asian affairs is another form of 'regional binding' of the dollar's credibility, which may remind more people of the 'decentralized risk-averse properties' of cryptocurrencies, referencing the funding inflow curve of BTC after the Russia-Ukraine conflict in 2022.