The Thai-Cambodian border conflict has reached its eighth day, escalating from local friction to full-scale war, and the loss of control is astonishing. From the onset of the Cambodian conflict, the government sought help from the United States, despite being geographically closer, and Trump's mediation yielded no results. Thailand's hardline response and Cambodia's attempts to elicit sympathy have been unsuccessful.

A key factor in the shift of Cambodia's diplomatic stance is the change in government. After the Hun Manet administration took office, it adopted a diplomatic strategy of 'betting on both sides', encountering obstacles in cooperation with China while also compromising with the US in the ongoing tariff dispute. In this conflict, Cambodia has relied on the US instead of ASEAN, which is a significant mistake.

What is even more concerning is Thailand's focused crackdown on Cambodian border casinos and telecom fraud parks, a move that has received praise from multiple countries. Telecom fraud is now rampant in Asia, and Cambodia had previously turned a blind eye, leading to the formation of a black industry chain that has incited public outrage. $

This conflict has also sounded the alarm for the cryptocurrency sector. Geopolitical instability causes funds to seek safer havens. Although cryptocurrency assets have the advantage of decentralization, market sentiment is easily influenced by such events. Investors need to closely monitor the situation, make cautious investments, and avoid letting geopolitical turmoil disrupt their investment rhythm. $SOL $BNB $ETH