Crypto News Today (July 10): BTC Loses $63K Support, Thailand Tightens Stablecoin Regulation, and Eric Trump’s American Bitcoin Avoids Nasdaq Delisting

Crypto News Today: Thailand to Tighten Stablecoin Transaction Controls Over Fraud Concerns

The Bank of Thailand is enhancing its oversight of stablecoin transactions as part of its efforts to combat money laundering, illicit financing, and gray capital. Authorities will focus particularly on transactions involving Tether (USDT), cash, and foreign exchange to identify and block illegal financial flows.

According to local media reports, the regulator plans to collaborate with Thailand’s Securities and Exchange Commission to review high-value stablecoin transactions.

These measures aim to address the gray economy, a significant portion of which is linked to cash of suspicious origin. Scam call centers, which have become widespread in the region, are considered a major source of these funds.

While there are no reliable estimates of the size of the gray economy, losses from fraud in Thailand reached 115 billion baht, approximately $3.4Bn in 2025. During the same period, around 173 million fraudulent calls and messages were recorded in the country.

Stablecoins have gained popularity as a means of transferring large amounts of money since they enable near-instant cross-border settlements.

The new measures will expand commercial banks’ obligations to comply with financial monitoring requirements. These reviews will include cash transactions, foreign exchange, gold bullion trading, and suspicious stablecoin transactions.

Thailand’s Central Bank and SEC Probe High-Value USDT Transactions

According to The Nation, the Bank of Thailand will require individuals depositing THB 5 million ($150,000) or more in cash to verify the source of funds. It is also working with Thailand’s SEC to review large… pic.twitter.com/ysl2dEv4jk

— Wu Blockchain (@WuBlockchain) July 12, 2026

Eric Trump’s American Bitcoin Forces 1:15 Reverse Split to Avoid Nasdaq Delisting

In other crypto news today, American Bitcoin’s treasury strategy presents a contradiction: its Bitcoin holdings are increasing even as its share price declines. The company linked to Eric Trump reported holding 8,000 BTC, up from over 7,000 BTC at the end of Q1.

It also executed a 1-for-15 reverse stock split on July 2, increasing share prices without adding actual value for investors. Despite this strategy, the company’s overall market valuation is uncertain.

In its Q1 2026 results, American Bitcoin reported an increase in holdings from approximately 5,401 BTC at the end of 2025 to approximately 7,021 BTC as of March 31.

Eric Trump stated that the company held more than 7,300 BTC, making it one of the largest publicly traded Bitcoin companies. They mined about 817 BTC and purchased 803 BTC during the quarter. Despite a 22% decline in Bitcoin’s price, miners’ gross margin remained above 50%, with mining costs around $36,200 per BTC.

That operating model is important because American Bitcoin is trying to differentiate itself from treasury companies that primarily rely on capital raises to buy Bitcoin.

The company argues that mining allows it to acquire Bitcoin at below-market prices and to make additional purchases when capital and market conditions permit.

However, the same filing also showed why a growing Bitcoin reserve isn’t enough to support the stock. American Bitcoin reported about $62.1M in Q1 mining revenue, an $81.8M net loss, negative adjusted EBITDA of about $91.3M, and a $117.2M loss on digital assets.

ERIC TRUMP’S BITCOIN BET JUST COST THE FAMILY $600 MILLION.

Eric Trump’s American Bitcoin Corp stake has lost over $600 million in market value after the stock plunged more than 95% from its peak.

While competitors pivoted toward AI data centers, American Bitcoin stayed locked… pic.twitter.com/aJdn7TNxrz

— Crypto Rover (@cryptorover) July 12, 2026