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Indonesia’s AI ambitions face hard limits amid foundational gaps: Salesforce

Salesforce’s newly released Global AI Readiness Index paints a sobering picture of Indonesia’s preparedness for an AI-powered future. Despite clear ambitions and ongoing policy initiatives, the country remains in the early stages of ecosystem development, with significant challenges in areas such as innovation, investment, and talent development.

The index, which evaluated 16 global markets across five dimensions—regulatory frameworks, AI adoption, innovation, investment, and human capital—places Indonesia in the lower tier of AI readiness overall. While the country has introduced a national AI strategy and signalled commitment to digital transformation, these intentions have yet to translate into robust infrastructure or capability.

In the area of regulatory readiness, Indonesia earned a relatively strong score of 7.6 out of 10. The country has adopted AI strategies and digital governance policies that signal a clear intent to embrace AI’s economic and societal potential. However, the report notes the absence of scale-ready institutional mechanisms and legal clarity, which remain key barriers to effective deployment.

Without frameworks that enable risk-based, globally interoperable governance, the strategies remain largely theoretical.

Indonesia’s efforts to integrate AI into public services and industry are still nascent. With a score of 6.3 in the “diffusion and adoption” dimension, the country trails behind more mature ecosystems where AI is actively reshaping service delivery and operational efficiency. Though some initiatives are underway—particularly in smart city development and industrial modernisation—the overall integration of AI into mainstream business and public sector functions remains limited.

Also Read: Indonesia’s fitness pivot: From big-box gyms at the mall to agile shophouse startups

The index’s authors recommend that governments prioritise AI adoption in public sector transformation, including revising procurement processes, investing in digital maturity, and training civil servants. Such steps, it suggests, could enable Indonesia to bridge the gap between policy design and operational impact.

Indonesia scored just 0.2 out of 10 in the innovation category, underscoring deep constraints in the research and development ecosystem. The index points to limited R&D funding, sparse academic-industry collaboration, and a lack of institutional infrastructure as core issues. These challenges have made it difficult for the country to adapt AI technologies to local needs, resulting in a high reliance on imported platforms and tools.

The findings suggest that without a stronger innovation base, Indonesia risks falling behind in the development of agentic AI systems—those capable of autonomous decision-making within digital or physical environments. To address this, the report calls for increased cross-border collaboration and shared R&D efforts, particularly in areas related to AI safety and standards.

Fragmented investment landscape, human capital inhibit scale-up

Indonesia’s investment environment for AI ventures is marked by fragmentation and low risk appetite. With a score of 0.3 out of 10 for AI investment readiness, the index highlights the limited access to growth-stage capital as a major stumbling block. National AI strategies exist, but they have not yet catalysed a supportive investor ecosystem or meaningful policy incentives.

This funding gap particularly affects small and medium-sized businesses (SMBs), many of which struggle to adopt AI due to resource constraints. The index recommends targeted incentive schemes—such as cloud credits or innovation vouchers—to help lower the barriers to entry for these enterprises.

The final dimension assessed in the index—human capital, AI talent, and skills—yielded a score of 3.1 out of 10 for Indonesia. The report highlights misalignment between the education system and industry needs, a lack of applied AI training programmes, and limited opportunities for reskilling. These factors are seen as critical in explaining the country’s relatively low AI workforce readiness.

To close this gap, the report advocates for the establishment of AI centres of excellence, expanded public-private partnerships in training, and the introduction of sector-specific curricula. The goal is to build a more agile and technically competent workforce capable of supporting Indonesia’s digital ambitions.

A roadmap for transformation, not just diagnosis

Though the report stops short of offering country-specific recommendations, its six global policy guidelines are clearly applicable to Indonesia’s situation. From scaling AI in the public sector to improving governance, investing in talent, and enabling cross-border innovation, the steps outlined provide a roadmap for countries at an inflection point in their digital journey.

Indonesia, with its large population and growing digital economy, stands to benefit significantly from AI—but only if it can address the structural weaknesses that currently hold back its progress. The path forward will depend not just on strategic intent, but on sustained institutional effort, policy execution, and international collaboration.

Image Credit: Eko Herwantoro on Unsplash

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Singapore ranks second globally in AI readiness, leading Asia Pacific

Singapore has ranked second globally—and first in Asia Pacific—for overall AI readiness, according to Salesforce’s newly released Global AI Readiness Index. The recognition reinforces Singapore’s longstanding leadership in artificial intelligence and underscores its national strategy’s effectiveness in laying the groundwork for the next phase of AI transformation: agentic AI.

The Salesforce index evaluates 16 key global markets using 31 indicators across governance, adoption, innovation, investment, and talent. Singapore’s high scores, particularly in AI governance and diffusion, highlight its success in fostering an enabling ecosystem through strong public-private collaboration and proactive policymaking.

As AI continues to reshape global industries, the ability of countries to harness its potential—especially agentic AI, which enables autonomous decision-making and task execution—is becoming a defining metric of economic competitiveness. For Singapore, this is not just about technology deployment; it’s about preparing its workforce and institutions for an AI-augmented future.

Brian Kealey, Country Leader at Salesforce Singapore, emphasised this direction: “The Index highlights Singapore’s success as a global leader in AI readiness, stemming from early investments in infrastructure, regulatory frameworks, and human capital.”

Also Read: Chocolate Finance raises US$15M, secures Hong Kong licence amid post-crisis rebuild

Singapore achieved the top global rank in regulatory frameworks, scoring 9.8 versus a global average of 8.6. Its robust policies—such as the Model AI Governance Framework and National AI Strategy 2.0—translate principles into real-world governance via sandboxes and assurance frameworks.

The city-state also leads in AI diffusion, scoring 8.0 compared to the global average of 5.8, thanks to initiatives such as Smart Nation and AI procurement guidelines that integrate AI into urban planning, transport, and public services.

On talent, Singapore ranks third globally, backed by a national upskilling strategy. Its AI talent pipeline, while strong, still trails leaders such as Germany and the US, signaling further room for growth.

Innovation lags, but potential is high

Despite high marks across most areas, Singapore lags in AI innovation ecosystems, scoring 0.7 versus the global average of 1.7. The challenge lies in expanding beyond a concentrated innovation landscape into emerging subfields such as agentic AI—a category that could redefine productivity.

Agentic AI is seen as representing the next frontier. With potential efficiency gains of up to 30 per cent, agentic systems allow organisations to deploy autonomous agents that can work around the clock—especially critical for economies such as Singapore facing tight labour markets and demographic shifts.

Image Credit: Hu Chen on Unsplash

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Why traditional wealth strategies are failing India’s new-age investors

A new generation of tech-savvy entrepreneurs, professionals, and sophisticated investors in India is building wealth faster than ever before.

Yet, most of the wealth management industry remains stuck in outdated models. This disconnect isn’t just a missed opportunity; it’s a critical flaw that costs investors performance, peace of mind, and the chance to truly compound wealth in a fast-evolving market.

India’s private wealth market is booming and set to expand dramatically, projected to grow at a 10 per cent CAGR and reach US$5 trillion by 2026. Yet, a large share of this capital is still managed through traditional Portfolio Management Services (PMS) and advisory models that rely heavily on gut-based decisions and static asset allocations.

In a world where markets can shift in milliseconds, these emotion-driven frameworks are increasingly obsolete. They were designed for a different era and fail to protect investors from volatility or capture new opportunities in time.

The hidden flaws of static portfolios

The classic advice of “buy and hold” or sticking to a rigid 60/40 equity-debt split has long dominated wealth conversations. But today, this approach has critical flaws:

  • Regime blindness: As per Bridgewater’s All Weather Strategy Paper, Markets operate in different “regimes” defined by changes in inflation, rates, and growth. A strategy that thrives in one regime can fail completely in another. A 2022 study by BlackRock showed that static portfolios significantly underperformed dynamic models during recent inflation spikes. These traditional setups simply aren’t designed to recognise or adapt to shifts.

Also Read: Investing in climate tech: Why investors should focus on impactful, low-hanging fruits

  • The illusion of diversification: In theory, diversification reduces risk. In practice, during crises, assets that seemed uncorrelated can move together, known as “correlation breakdown”. In recent downturns, equities and certain bonds fell at the same time, leaving supposedly diversified investors exposed. True diversification today comes not just from owning different asset classes, but from employing adaptive strategies that can evolve with market conditions.
  • The high cost of emotional drag: One of the most damaging yet under-discussed costs is emotional decision-making panic selling during dips or rushing in during peaks. Research from Dalbar’s Quantitative Analysis of Investor Behavior consistently shows a large gap between market returns and actual investor returns, largely driven by poorly timed emotional moves. Traditional advisory models, which often amplify short-term fear or greed, can worsen this gap rather than close it.

The new rules of wealth

The future of intelligent investing lies in systematic, data-driven approaches. This isn’t about removing human insight, but strengthening it with technology to overcome behavioural biases.

Today, massive volumes of data, macro trends, corporate fundamentals, and real-time sentiment can be analysed to uncover patterns invisible to the naked eye. AI and machine learning models now process these signals to build predictive frameworks that identify shifts before they become consensus.

Adaptability is the real edge. Adaptive or “all-weather” strategies are designed to evolve continuously. By using quantitative signals, these systems can systematically reduce risk exposure during turbulent periods (for example, shifting to cash or safer assets) and re-risk when opportunities arise. Prioritising downside protection is a mathematical necessity. Avoiding large losses has a far greater impact on long-term compounding than chasing big wins.

A 50 per cent loss requires a 100 per cent gain just to break even, a truth most investors underestimate.

A new perspective on portfolio engineering

From my experience designing adaptive investment systems, I’ve learned that no single strategy works in all market conditions. The real goal is to move beyond simple “asset allocation” and toward dynamic, engineered portfolios that are built to respond to regime changes and evolving risk signals.

Also Read: The ageing economy: Why investors should bet on longevity over AI

My philosophy as the founder of Aeonaux Capital has always been to treat wealth-building like an engineering problem, design robust systems, automate decisions where possible, and focus on minimising human biases. Rather than chasing hype or gut feelings, I believe the future belongs to frameworks that are built to think, adapt, and protect first.

A disciplined, evidence-based approach helps investors move past emotional decision-making. Instead of a roller coaster of booms and busts, the aim is to create a smoother, more resilient journey focusing on capital preservation first and then on sustainable, long-term growth.

The way forward for Indian investors

The next era of wealth management in India will be defined by three core principles: data-driven, systematic, and transparent. The age of opaque strategies and high-conviction gut calls is fading. Investors deserve approaches that are as sophisticated and forward-looking as they are.

The most important action investors can take today is to ask harder questions. How is downside risk managed? How does the strategy adapt to changing markets? Are decisions driven by data or by emotions?

Thinking beyond holding periods and adopting adaptive, systematic frameworks can help investors build wealth that is designed to withstand market cycles and remain resilient for decades to come.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic.

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A startup founder’s guide to navigating a VC funding round: A lawyer’s perspective

Raising capital from a venture capital (VC) firm is an important moment for any startup founder, but it’s a process fraught with complexities, demanding adherence to the industry norms. As a startup lawyer, I’ve guided countless founders through this journey. 

This article sets out five steps to successfully navigate a VC funding round, from preparation to closing, ensuring you’re equipped to secure investment while protecting your startup’s interests.

Step one: Preparation and due diligence

Before approaching VCs, ensure your startup is ready for scrutiny. VCs will usually conduct thorough due diligence, so your legal and financial stuff must be in order. 

Formally incorporate your company based on where you are domiciled, ideally as a company, which is the standard for VC-backed startups due to its flexibility and investor familiarity. 

Ensure all founders, employees, and external contractors have signed agreements covering equity, intellectual property (IP) assignment, and confidentiality agreements. Confirm that all intellectual property assets (e.g. source code, patents, trademarks, or proprietary technologies) are properly documented and owned by the company.

Organise your financial records, including balance sheets, cap tables, and revenue projections. A clean cap table, free of disputes or unclear equity allocations, signals that you know what you’re doing. 

Engage a lawyer to take a look at your corporate documents, as any gaps (e.g., missing board approvals or unsigned contracts) can derail negotiations. 

Finally, prepare a compelling pitch deck that highlights your team, market opportunity, traction, and financials. 

Step two: Identifying and approaching VCs

Before reaching out to any investor, take time to identify a potential VC firm that may have a proven interest in your industry and stage of growth. Use platforms like e27 to look up recent investments and understand each VC’s focus areas.

Some VCs specialise in early-stage or seed deals, while others only come in at Series A or later. Pay attention to sector preferences, some funds are deep into fintech, climate tech, or enterprise SaaS, while others stay clear of capital intensive or hardware driven businesses.

Also Read: VC funding can’t guarantee a crypto project’s survival: Chainplay

As a founder, it may also be important to understand how VC funds actually work behind the scenes. Don’t be afraid to ask if the VC is still deploying capital, especially if it’s later in their fund cycle. Most funds operate on a 10-year life cycle, and VCs typically make new investments during the first 3 to 5 years. If you’re speaking to a fund that’s nearing the end of its deployment period, they may be more focused on follow-on investments or supporting portfolio companies, rather than backing new ones.

Leverage your network to seek warm introductions. Cold emails might work, but a personal referral from a mutual connection like a founder they’ve backed may increase your chances of getting a meeting.

From a legal perspective, resist making overly optimistic claims about revenue or market share that could be construed as misleading. If you get asked for projections, label them clearly as estimates. At this stage, you may wish to sign a non-disclosure agreement (NDA), but many VCs usually avoid NDAs to maintain flexibility so you may want to discuss sensitive information cautiously.

Step three: Term sheet negotiations

If a VC is interested, they’ll issue a term sheet outlining the deal’s key terms. A term sheet should contain valuation, investment amount, equity stake, and governance rights. 

This is where legal expertise is critical. A term sheet isn’t usually legally binding but sets the framework for the final agreements. Focus on valuation (pre-money and post-money), as it determines your dilution. A startup lawyer can help model scenarios (e.g., how dilution affects your stake in future rounds) and push back on terms that could harm long term flexibility.

Be wary of liquidation preferences, which dictate how proceeds are distributed in an exit. A 1x non-participating preference is standard, but more aggressive terms, like 2x participating preferences, should be resisted as it is not the usual norm.

VCs often request board seats so you may need to negotiate board composition carefully while maintaining founder control. Anti-dilution provisions, reserved matters, and tag-along and drag-along rights also require scrutiny. 

Step four: Due diligence and definitive agreements

Once the term sheet is signed, the VC’s due diligence intensifies. They’ll request detailed records of contracts, financials, IP filings, and compliance documents that you may make available in a virtual data room. 

Any discrepancies (e.g., unfiled taxes or unresolved disputes) can lead to re-negotiation or deal termination. 

Also Read: How do you raise VC funding as a student entrepreneur? Find out the answers here

Concurrently, your lawyer can help to review  the definitive agreements, including the shares subscription agreement and the shareholders agreement in a priced round. These documents formalise the term sheet’s terms.

Pay attention to representations and warranties, where as a founder you would be needed to attest to the company’s legal and financial health. Negotiating the warranties is crucial to limit your exposure as missteps here may lead to post-closing liabilities. 

Step five: Closing and post-funding

After due diligence clears and agreements are signed, you would need to fulfil the conditions precedent set out inside the agreement. 

The conditions precedent include delivering the signed copies of the board and shareholders resolutions of the company for the allotment of the new shares to the VC and obtaining the existing shareholders preemptive right waiver for the new shareholders

Once these are satisfied, VC disburses the funds, and the company secretary may give effect to the shares issuance.

Post-closing, maintain open communication with your new VC shareholder as they’ll expect regular updates on financials, milestones, and strategic decisions, often based on the agreed investor reporting obligations.

Final thoughts

A VC funding round is a marathon, not a sprint. Get an experienced startup lawyer early to avoid pitfalls. By preparing diligently you may increase your chances of securing capital while positioning your startup for long-term success.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic.

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Blurring the Lines: The convergence of traditional finance and crypto

The global financial markets are currently experiencing a period of uncertainty, with risk sentiment retreating due to stalled progress in US-China trade negotiations and investor caution ahead of the Federal Open Market Committee (FOMC) decision. These factors are creating a challenging environment for investors, who are grappling with mixed economic signals, shifting market performances, and significant developments in the cryptocurrency space.

This article explores the current state of the global economy, delves into key corporate strategies involving digital assets, and examines the implications of new regulatory changes from the US Securities and Exchange Commission (SEC).

Economic data and market performance

Recent economic data from the United States paints a picture of an economy at a crossroads. The US Conference Board’s July Consumer Confidence Index rose to 97.2, up from 93, surpassing analyst expectations. This increase suggests that American consumers are feeling more optimistic about their financial prospects, possibly due to stable income levels or an improving outlook on inflation.

However, this positive signal contrasts sharply with signs of a cooling labour market. Job openings in June dropped by 275,000 to 7.437 million, while the job openings rate fell from 4.6 per cent to 4.4 per cent. These declines indicate that employers are pulling back on hiring, which could foreshadow slower economic growth if the trend continues.

This mixed economic backdrop has had a direct impact on financial markets. US stock markets closed lower, with the S&P 500 declining by 0.30 per cent, the NASDAQ by 0.38 per cent, and the Dow Jones by 0.46 per cent. Investors appear to be reacting to the uncertainty surrounding trade negotiations and the upcoming FOMC decision, which could influence interest rates and monetary policy.

At the same time, US Treasury yields fell across the curve, reflecting a shift toward safer assets. The 10-year UST yield dropped by 8.9 basis points to 4.320 per cent, and the two-year UST yield fell by 4.7 basis points to 3.869 per cent. Lower yields often signal investor concerns about economic growth, as they seek the relative security of government bonds.

Currency and commodity markets also reflect this cautious mood. The US Dollar Index climbed by 0.25 per cent, reinforcing the dollar’s role as a safe-haven currency during turbulent times. Gold prices, meanwhile, rebounded by 0.36 per cent after four consecutive sessions of losses, suggesting that investors are turning to traditional hedges against uncertainty.

Also Read: ESG frameworks and standards: Cutting through the complexity for private markets

In Asia, stock markets opened with mixed results, indicating regional variations in how investors are processing these global developments. However, US equity index futures point to a higher opening for US stocks, hinting at a potential rebound as new data and events unfold.

Key events on the horizon

The coming days promise to bring clarity or further complexity to this evolving situation. Monetary policy decisions from the Bank of Canada and the Federal Reserve loom large, with the Fed’s announcement drawing particular attention. Investors are eager to understand whether the central bank will adjust interest rates or signal changes in its approach to inflation and growth.

Additionally, second-quarter GDP data from the United States and the Eurozone will provide a broader view of economic health in these critical regions. Strong GDP figures could bolster confidence, while weaker numbers might deepen concerns about a slowdown.

Earnings releases from the tech sector also feature prominently on the calendar. Companies in this influential industry often serve as bellwethers for the broader market, and their performance could sway investor sentiment. These events collectively represent a packed docket that will likely shape market trajectories in the near term, making it a pivotal moment for financial observers.

Michael Saylor’s strategy: A bold bet on Bitcoin

Amid this uncertain economic climate, some companies are making striking moves in the cryptocurrency space. Michael Saylor’s Strategy, formerly known as MicroStrategy, recently purchased 21,021 Bitcoin after raising US$2.5 billion through its fourth preferred stock offering, dubbed STRC.

This transaction stands out as the largest US initial public offering (IPO) in 2025 so far, surpassing even the much-anticipated US$1 billion IPO of stablecoin issuer Circle Internet Group in June. Strategy acquired the Bitcoin at an average price of US$117,256 per coin, bringing its total holdings to 628,791 BTC, the largest stash among public companies according to BitcoinTreasuries.NET.

This acquisition underscores Strategy’s unwavering commitment to Bitcoin as a core component of its corporate treasury. The company raised US$2.5 billion by selling 28 million shares of Variable Rate Series A Perpetual Preferred Stock at US$90 each, a deal that ballooned from an initial target of US$500 million due to strong investor demand. This move is not just a financial play but a statement of belief in Bitcoin’s long-term value.

Also Read: US-Japan ties strengthen markets, crypto rides the wave

By amassing such a significant position, Strategy positions itself as a pioneer in corporate adoption of cryptocurrencies, potentially encouraging other firms to follow suit. For investors, this strategy raises intriguing questions about the role of digital assets in hedging against inflation and diversifying traditional portfolios.

Windtree Therapeutics: Biotech meets blockchain

While Strategy’s Bitcoin haul grabs headlines, Windtree Therapeutics is charting an equally bold path in the crypto realm. This biotech company, listed on NasdaqCM under the ticker WINT, has secured up to US$520 million in new funding, with 99 per cent of the proceeds earmarked for acquiring BNB, the native cryptocurrency of the Binance ecosystem.

The funding package includes a US$500 million equity line of credit (ELOC) and a US$20 million stock purchase agreement with Build and Build Corp, reflecting a deliberate pivot toward digital assets.

Windtree’s CEO, Jed Latkin, emphasised the strategic importance of this move, noting that the opportunity to bolster BNB holdings aligns with the company’s broader vision. Unlike Strategy, which focuses solely on Bitcoin, Windtree is diversifying its treasury with BNB, a token tied to one of the world’s largest cryptocurrency exchanges. This approach suggests confidence in the Binance ecosystem’s growth potential and its utility in decentralised finance.

For a biotech firm traditionally focused on healthcare innovation, this aggressive shift into blockchain-based assets marks a hybrid strategy that blends cutting-edge medicine with cutting-edge finance. It also highlights how companies across industries are rethinking their financial strategy in light of cryptocurrency’s rising prominence.

SEC’s new rules: A game-changer for crypto ETPs

Regulatory developments are adding another layer of intrigue to this narrative. The US Securities and Exchange Commission recently approved new rules that allow authorised participants to create and redeem shares of crypto exchange-traded products (ETPs) using in-kind transfers of Bitcoin and Ether.

Also Read: What’s next for markets: Navigating trade threats, earnings, crypto and central bank signals

This decision departs from the previous cash-only requirement for spot crypto funds, bringing these products in line with commodity-based ETPs like those backed by gold or oil. The change promises to reduce operational costs and enhance efficiency for issuers, potentially making crypto ETPs more appealing to a wider range of investors.

SEC Chairman Paul Atkins hailed this as a step toward a more tailored regulatory framework for crypto markets, emphasising that it benefits investors by lowering costs. Beyond in-kind transfers, the SEC also greenlit additional enhancements to the crypto ETP ecosystem.

These include approval for a mixed ETP holding both spot Bitcoin and Ether, authorisation of options and FLEX options on certain Bitcoin ETPs, and an increase in position limits on listed Bitcoin options to 250,000 contracts, matching thresholds for other high-volume options. These moves signal a maturing infrastructure for cryptocurrency investments, bridging the gap between traditional finance and the digital asset frontier.

Conclusion

The global financial markets stand at a fascinating juncture. Economic data reveals an uneasy balance between optimism and caution, while upcoming events promise to steer the course ahead.

Meanwhile, Strategy and Windtree Therapeutics are redefining corporate strategy with their crypto ambitions, and the SEC is paving the way for a more integrated digital asset market. For investors, this convergence of factors demands vigilance and adaptability.

The interplay of trade negotiations, monetary policy, and cryptocurrency innovation will likely define the financial landscape for months to come, offering both challenges and opportunities in equal measure.

As this story unfolds, one thing is clear: the boundaries between traditional finance and the digital frontier are blurring, and the implications will resonate far beyond today’s headlines.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic.

Join us on InstagramFacebookXLinkedIn, and our WA community to stay connected.

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“Special Projects” and shady metrics: TaniHub whistleblower speaks as top execs detained

The South Jakarta District Prosecutor’s Office has detained MDI Ventures CEO Donald Wihardja along with TaniHub’s former President Director Ivan Arie Setiawan and former Director Edison Tobing today, according to various media reports.

The detentions were part of an ongoing investigation into the alleged corruption and money laundering tied to the management of investment funds into TaniHub and affiliated organisations by MDI Ventures and BRI Ventures between 2019 and 2023.

The three accused people will remain in custody until August 16.

Also Read: The SEA headcount trap: Why more people ≠ more progress

According to an official, preliminary findings suggested that Wihardja allegedly approved the disbursement of funds illegally while Setiawan and Tobing were suspected of manipulating data to secure funding from the investors. It is also said that the funds were later misappropriated for personal use.

The authorities are also examining the possibilities of other parties’ involvement and the flow of the allegedly misused funds. They conducted raids at various locations in the Greater Jakarta Area and secured evidence in the form of electronic devices and documents.

Founded in 2016, TaniHub is an agritech startup that helps farmers improve their livelihood. It offers products ranging from agricultural commodities trading to a P2P lending platform TaniFund.

In 2024, Indonesia’s Financial Services Authority (OJK) revoked TaniFund’s business license for failing to comply with regulatory directives and meet the minimum equity requirements. Following sanctions and supervisory actions, a growing number of complaints and legal actions led OJK to hand over the case to law enforcement for further investigations.

e27 contacted a former TaniHub employee who was open to sharing about his experiences at the company. The individual, who wished to remain anonymous, spoke about how the financial record of the department that he ran often had additional “vague expenses” called the Special Projects.

“When I asked about this, the CEO just said, ‘You don’t need to know the details, but you are mature enough to know that sometimes there are things we need to spend for our business partners’,” the person said.

After leaving TaniHub, the ex-staffer pursued an MBA at a leading global university and wrote about the mismanagement for an assignment. He highlighted the management’s “habit of presenting exaggerated and inaccurate metrics in order to paint a promising image to the investors.”

“The founders sometimes spoke to the employee about the importance of raising more funds by framing it as an important way to support the company’s mission in helping farmers. The logic goes that the effort to help farmers requires the company to invest capital in infrastructure as well as needing a strong cash position to support an intensive operation cost,” he wrote. “In other words, there might be some dishonesty involved, but ultimately they claimed it was to support the greater good.”

Also Read: Vietnam’s scaling challenge: Why the next tech boom needs strategic leaders, not just smart capital

He also gave examples of the shady practices, including TaniFund’s claim of a 100 per cent successful repayment rate of its borrowers, which he described as “defying common sense.” “Any credit business has an inherent element of risk, and there is no way among the 1,500 farmers who received a loan from TaniFund that nobody has faced harvest failure.”

“So what happened? To put it simply, when the farmers failed to repay their loan, TaniFund does not report the project as a failure to the lender. Instead, they report the project as a success, and they used their cash to repay the lender,” he remarked.

“By doing this, they indeed lose money, but they reported it on TaniHub’s financial statement as a loss that is called ‘produce breakage’, which is an unavoidable loss when you are trading perishable goods,” the person said.

More on this story as it develops.

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Echelon Singapore 2025: 10 powerful sessions now available to stream

Echelon Singapore 2025, held on June 10–11 at Suntec Singapore, brought together thousands of startup founders, investors, corporate leaders, and policymakers shaping the future of Southeast Asia’s innovation landscape. Across two packed days, attendees gained valuable insights from fireside chats, keynote presentations, and panel discussions that tackled everything from AI and semiconductors to digital healthcare and voice interfaces.

If you missed it or want to revisit the best sessions, you’re in luck. You can now watch Echelon Singapore 2025 Recorded Sessions on Demand for just $4.90, or get 50% off your first month—that’s less than the price of your daily coffee. Not only do you gain access to these exclusive recordings, but your subscription also unlocks 800+ pieces of premium content on e27.

Here are 10 of the latest sessions you can now stream on demand:

Investing in innovation: The role of banks and CVCs in the Indonesian tech startup ecosystem

In this candid fireside chat, Eddi Danusaputro, CEO of BNI Ventures, explains the nuanced role of corporate venture capital (CVC) in Indonesia. Unlike traditional VCs focused solely on ROI, CVCs like BNI Ventures aim to solve strategic problems within the bank, making startup engagement a tool for transformation.

He advises founders to approach CVCs post-Series A, when they’re stable enough to withstand the internal complexities of working with large financial institutions. For global startups, Danusaputro stresses the need for localised strategies when entering Indonesia and introduces a “maturation map” as a growth framework.

Building in the semiconductor age: What founders need to know about supply chains, partnerships, and strategic positioning

As ASEAN positions itself in the global semiconductor race, this session breaks down what founders need to know about navigating this high-stakes, capital-intensive space. Speakers emphasised the importance of intelligent manufacturing enabled by agentic AI, as well as the critical role of public-private partnerships like A*STAR’s EDA Garage.

The panel urges startups to move fast, utilise open-source hardware, and align with national initiatives that can ease prototyping and commercialisation. For founders in deep tech, this session offers a real-world guide on turning technical potential into market-ready innovation.

Automotive innovation across borders: What SEA can learn from India’s digital shift

Umang Kumar, Co-founder of CarDekho SEA, shares how India’s car buying experience was digitised through data infrastructure, trust-building, and fintech. With 42% of car sales in India now influenced by CarDekho, Kumar outlines how technologies like UPI and Aadhaar accelerated their success.

As the company expands into Southeast Asia, it’s leveraging its fintech model to tap into underserved markets. This session is especially valuable for founders building cross-border ventures who want to understand how digital infrastructure and smart integrations can drive market dominance.

Vietnam’s next growth engine: How tech ecosystems can collaborate for a regional breakout

This panel brings together voices from JDI, LOTTE Innovate Vietnam, Ascend Vietnam Ventures, and the Vietnamese government to examine the country’s growing momentum as a regional tech hub. The speakers explore how Vietnam’s young, competitive talent pool and pro-innovation policies are fueling the next wave of growth.

Panelists stress the importance of cross-border collaboration in maximizing Vietnam’s potential and attracting global capital. For anyone watching the region, this session offers a blueprint on how Vietnam is primed to become Southeast Asia’s next digital powerhouse.

Unlocking the power of SEZs: How startups can tap into SEA’s cross-border growth engines

Special Economic Zones (SEZs) in Southeast Asia are more than just policy experiments—they’re fast becoming strategic platforms for startup growth. Moderated by StartupX CEO Durwin Ho, this session explores how zones in Johor, BSD City, and other key locations are offering startups access to infrastructure, government incentives, and cross-border markets.

Insights from Sinar Mas Land, Iskandar Investment Berhad, and Archisen show how founders can position themselves for regional scale. If you’re looking for new ways to expand in Southeast Asia, this is a must-watch.

Scaling smart: How AI and great product strategy accelerate early-stage growth

AI is no longer a luxury—it’s a growth lever. This panel features leaders from Osome, Odoo, MyRepublic, and A2D Ventures discussing how to integrate AI meaningfully into your product strategy. They dive into practical tactics, like adopting no-code platforms, running faster user feedback loops, and building cost-efficient MVPs.

The speakers caution against “AI for the sake of AI” and instead advocate for customer-centric design and partnerships with proven vendors. For startups navigating early growth, this talk offers clear frameworks on leveraging AI without over-engineering.

The rise of hospital-at-home: Transforming care and shaping the virtual healthcare

Shravan Verma, Co-founder of Speedoc, tells the story of how the company evolved from urgent care to operating one of the largest virtual hospitals in the region. He walks through the challenges of scaling healthcare tech during COVID-19 and how a patient-first mindset—along with smart AI deployment—helped Speedoc offer care at scale.

Verma emphasises hiring for potential, fostering responsibility in junior staff, and balancing automation with trust. This is a powerful session for healthtech founders seeking to scale while preserving care quality.

The first conversation: How voice AI is defining human-AI interactions and the future of AI agents

Voice AI is rapidly evolving beyond assistants and chatbots. In this technical yet accessible panel, David Ding (TechYizu) and William Zhou (iFlyTek) examine real-world applications of voice interfaces in smart homes, retail, and healthcare.

They discuss the challenge of linguistic diversity in Southeast Asia and how localised solutions are essential for user adoption. With iFlyTek leading in voice model development, Zhou also shares bold predictions about the future of narrow AGI and its impact on human productivity.

Reflections on leadership and innovation: Lessons from public service to the digital frontier

Former Singapore Minister Prof Yaacob Ibrahim reflects on the leadership lessons that defined his career—from founding the Cyber Security Agency to navigating governance in the age of social media.

He discusses how the expectations of public leaders have changed in a digitally connected world and the importance of building public trust through transparency and responsiveness. This keynote serves as a thoughtful reminder that in tech and policy alike, leadership must evolve with the times.

Lessons from scaling SaaS, cultures, and team from Amity Group’s journey

Keng Teik Koay, Group CEO of Amity Group, unpacks their journey from $10M to $100M in revenue, focusing on two key inflection points: the launch of their AI Lab and their acquisition of UK-based Touring. H

e details how the company balanced cultural integration during M&A while retaining a competitive pricing edge. With plans to go public and expand across Europe, Amity’s playbook is a compelling case study in using AI, strategic hiring, and acquisition to scale a SaaS business globally.

Ready to dive in?

For less than the cost of your daily coffee, you can access every one of these thought-provoking sessions—and hundreds more—via Echelon Recorded Sessions On Demand. Whether you’re a founder looking for strategic guidance, an investor hunting for the next opportunity, or an ecosystem enabler seeking regional insights, this content library is designed to keep you ahead of the curve.

Your subscription doesn’t just include access to Echelon Singapore 2025 (ECSG) sessions—it also unlocks the full video archives of Echelon Philippines 2024 (ECPH) and Echelon X 2024 (ECX). That’s three major startup conferences’ worth of insights from across Southeast Asia, available anytime, on demand.

Start watching now for only $4.90 or get 50% off your first month.

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The evolution of influence: The next chapter of creator leadership

When we talk about influence today, the spotlight often goes to creators — the faces on screen, the names on feeds. But behind every meaningful movement is someone building the stage.

For Confluence 2025, that person is Hazel Yap. She’s the co-founder and COO of SERIOUS Media, a digital marketing agency that works with some of the region’s fastest-paced brands.

But what most people don’t know is that Yap is also a certified forest bathing guide — someone who once hit burnout so hard, she turned to trees for healing. Literally.

How rest became a revolution

Three years after launching her agency, Yap found herself depleted. She stepped away from the speed of digital life and tried something new: Forest bathing.

It wasn’t a retreat to the mountains. It happened right here in the Singapore Botanic Gardens.

And it changed everything.

What began as a personal reset became a parallel calling. Yap trained with the Association of Nature and Forest Therapy and now leads sessions through her side venture, A Good Rest.

“Nature is free. And nature is a healer,” she told CNA Women. “I used to do everything fast. The biggest learning for me is to slow down.”

Yap brings her philosophy of balancing pace with presence to Confluence 2025, set for October 1 at Guoco Midtown, Singapore, highlighting creators’ evolution into strategic brand builders.

Also Read: As the creator economy matures, it’s time to build for speakers

As someone who’s spoken at countless events, I can tell when a summit is designed for optics and when it’s designed for impact. Yap is building the latter with intention, depth, and heart.

My talk: AI-powered influence

In this featured session, I’ll be sharing how creators and brands can build smarter, scale faster, and stay authentic, powered by AI.

But I’m not doing it alone.

I’ll be joined (as always) by Seraphina AI, my digital twin trained to write and support in my tone and voice, helping turn stories into systems

Baked by my company, People’s Inc. 360, and our automation platform Unify, we guide creators and brands to:

  • Build sustainable content pipelines.
  • Streamline brand partnerships.
  • Use AI not to replace creativity, but to reinforce consistency.

Because in today’s digital world, it’s not just about being seen — it’s about being remembered.

Ahead of the summit, I’ll be guiding a hands-on brand collaboration challenge focused on helping creators design smarter, more intentional campaigns with AI and automation. Built on People’s Inc. 360’s Unify platform, it uses the same tools applied across my ventures to show how strategy, storytelling, and systems can align to deliver professional results.

Because influence isn’t luck. It’s a process. You just need the right engine.

Creating with clarity, connecting with purpose

Yap brings a rare dual perspective as both a digital strategist and a nature guide, making her a distinctive leader in today’s creator economy. She understands the hustle while honouring the pause, a balance that sets Confluence 2025 apart.

This summit isn’t about chasing noise. It’s about creating space where creators can:

  • Hear honest stories from speakers like Charlene (@aizaiaisteady), Chiou Huey, Ian Jeevan, Jeff (@playingwithpencil), Zhin, Leah, and more.
  • Connect with 100+ marketers, agencies, and brand managers.
  • Leave not just inspired, but equipped to grow with intention.

Everything I’ve built is rooted in one truth: Your voice is your most powerful asset. Your time is your most valuable currency. This summit gets that.

I’m honoured to be part of this gathering, sharing how creators can build smarter in 2025, achieving growth without burning out.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic.

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Ecosystem Roundup: Crypto’s darkest year | F&B tech on the rise | AI’s uncertain future

The first half of 2025 has delivered a sobering wake-up call to the crypto community. As highlighted in Chainalysis’s latest report, illicit activity in the space has not only accelerated—it has shattered previous records.

With over US$2.17 billion in stolen funds already this year, the industry faces a pivotal moment in its security evolution. Particularly alarming is the rise in state-sponsored hacks, with the DPRK’s ByBit breach accounting for a staggering two-thirds of this year’s stolen service funds.

But it’s not just exchanges under siege. The growing sophistication of attacks on individual wallets—fuelled by social engineering, AI tools, and even physical coercion—signals a shifting threat landscape. That over US$8.5 billion in crypto is currently held in vulnerable personal wallets underscores the scale of the challenge ahead.

For APAC and especially Singapore, where Web3 ambitions remain strong, these developments pose urgent questions about regulation, security standards, and user awareness. The tools for defence exist, but the race to deploy them effectively is on.

REGIONAL

GCash’s IPO is not expected this year, CEO confirms
The company is waiting for what it believes is the most opportune moment to launch, having previously aimed for an IPO by the end of 2025.

Airwallex launches new fund investment tool in Singapore
Its local entity, Airwallex Capital, was granted a Capital Markets Services (CMS) license, which allows it to provide investment fund management and custodial services.

Lamudi’s new parent firm unifies SEA presence with fresh brand
Global real estate group Lifull Connect has launched a new brand called SEA Connect Ventures | The group seeks to consolidate its operations in SEA, where it’s present in Thailand, Indonesia, Cambodia, and the Philippines.

REPORTS, FEATURES & INTERVIEWS

Chainalysis mid-year report: How 2025 became the most dangerous year in crypto
Crypto thefts hit US$2.17B in H1 2025, driven by DPRK hacks and rising wallet attacks, signalling urgent security concerns.

The taste of innovation: Southeast Asia’s emerging F&B tech startups to watch
From sustainable coffee to AI-powered kitchens, discover the startups transforming the region’s food industry through bold, tech-driven innovation.

INTERNATIONAL

Saudi Arabia leads MENA startup funding in H1 2025
In H1 2025, Saudi attracted US$1.34B in investments | This marks a 342% increase from H1 2024 | The Kingdom accounted for 64% of the region’s total funding, led by the fintech sector with US$969M across 20 transactions.

Korean firms race to launch facial recognition payments
Shinhan Card was an early adopter, launching a pilot in 2019 and later expanding to select convenience stores and supermarkets | However, in-person face registration and public skepticism hindered the rollout.

S Korea’s Doosan Robotics to acquire US firm Onexia for US$25.8M
Onexia, established in 1984, specialises in designing automated systems for various industries, including manufacturing, logistics, and packaging.

Nvidia CEO predicts AI will create more millionaires in 5 years
Jensen Huang said that advancements in AI have simplified the creation process | He forecast a future where countries operate both physical and digital factories.

Japan’s Metaplanet buys 780 bitcoins, holdings reach US$2B
This purchase was made at an average price of US$118,622 per bitcoin | According to data from Bitcointreasuries, the company ranks seventh among public corporate bitcoin holders globally.

BYD struggles to expand EV business in India
Since the 2020 border clash, BYD India’s MD Ketsu Zhang has been unable to secure a visa, forcing the company to manage operations remotely from Sri Lanka, Nepal, and Singapore.

Antler-backed EV financing startup Ohm Daily shuts down
The company said it struggled to establish a scalable and sustainable business model | It aimed to offer micro-financial products for gig workers and auto drivers by linking them with institutional lenders.

SEMICONDUCTOR

US fines chip design firm Cadence US$140M for illegal China sales
The charges involve the sale of chip design software and hardware to front companies linked to China’s National University of Defense Technology, a military institution involved in nuclear simulations.

Nvidia reportedly orders 300K H20 chips from TSMC
This move follows strong demand from China and adds to an inventory of 600,000 to 700,000 chips | In 2024, Nvidia sold about 1 million H20 units, according to SemiAnalysis.

AI

Alibaba chief: 90% of AI tech may vanish in 10 years
Alibaba’s cloud and AI unit founder Wang Jian said that OpenAI’s introduction of ChatGPT sparked public interest in AI but also created a “bias” regarding the technology’s potential.

AI cuts tech jobs, but boosts non-tech pay by US$18K: study
A Lightcast report, which analysed over 1.3 billion job postings, reveals that in 2024, more than half of all AI-related job listings came from outside the tech industry.

How AI and Web3 are rewiring music’s infrastructure for a new creative economy
AI-powered platforms are combining Web3 and intelligent infrastructure to streamline rights and royalties in the music industry.

5 AI trends to watch in the next 12 months: Intelligent agents, cost reductions and compute power
Companies are turning to AI-powered knowledge systems to retain expertise and up-skill ageing workforces amid demographic shifts.

People-first teams: How SEA startups embrace remote-first culture in the AI era
Southeast Asian startups are embracing remote-first models and AI tools to scale efficiently while prioritising flexibility and wellbeing.

Inclusive AI isn’t optional – it’s Asia’s tech advantage
If AI is built without inclusion, it won’t just replicate bias; it will amplify it, and Asia must lead with fairness, not just speed.

THOUGHT LEADERSHIP

US-Japan ties strengthen markets, crypto rides the wave
The US-Japan and US-EU trade deals boost global market optimism, with equities rising as investors shift from safe havens like gold.

From molecules to markets: Embedding commercial thinking in biotech from day one
Biotech innovation succeeds when commercial thinking is embedded early, aligning science with market needs, scalability, and user adoption.

Why founders should stop hustling and start automating
Startups scale sustainably when they replace hustle with simple, smart workflow automation using tools tailored to their actual needs.

In the age of AI, people matter more than ever
Organisations that foster emotional safety, reward outcomes, and support AI training will build stronger, future-ready teams.

Why fear is your greatest ally
Fear, when embraced and channeled, becomes a vital feedback tool for entrepreneurs to sharpen ideas and accelerate meaningful growth.

Founders, stop building companies that trap you
One founder’s journey from hustle to clarity, rethinking success, using AI with intention, and building a business that serves life.

From classroom to boardroom: How Singapore’s universities nurture future investment leaders
Singapore’s universities actively foster entrepreneurship and innovation skills among students, enabling them to thrive in dynamic business landscapes.

Beyond competition: Harnessing the power of partnerships in business
The philosophy of proactive partnership is integral to our agency and partners’ progress, serving as more than just a strategy but a core business practice.

The bite-sized path to success: Microlearning in the digital age
Microlearning, with its bite-sized, accessible format, empowers individuals and organisations to thrive in this dynamic environment.

Why continuous learning is key to employee retention in the modern workforce
To retain Gen Z employees, it’s crucial to understand their workplace values and why continuous learning is important to them.

CSR as a core strategy: How Asia’s tech companies are leading the way
By implementing strong CSR strategies, Asian tech firms boost their reputations while advancing sustainable development goals.

Markets on the move: Trade talks, housing slumps, and crypto whales stirring
US-EU trade negotiations edge forward amid tariff threats, as markets rally and a Bitcoin whale move sparks fresh crypto speculation.

The image was generated using ChatGPT.

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Global sentiment lifts off: The US-EU agreement’s ripple through stocks, commodities, and digital currencies

The announcement of a US-EU trade agreement on Sunday has acted as a catalyst, easing tensions that had previously weighed on investor confidence. This development has had a ripple effect across various markets, influencing equities, bonds, commodities, and cryptocurrencies.

As we approach a week marked by high-stakes economic events and corporate earnings, understanding these dynamics becomes increasingly crucial. In my view, the renewed optimism is a welcome change, though the mixed signals in some markets suggest that caution remains warranted.

Let me tell you more.

A boost from the US-EU trade agreement

The US-EU trade agreement has emerged as a pivotal factor in lifting global risk sentiment. For months, trade uncertainty had cast a shadow over markets, with investors wary of escalating tariffs and disruptions to global supply chains.

The deal announced on Sunday has alleviated some of these concerns, fostering a more risk-on environment. Investors are now more inclined to allocate capital to growth-oriented assets like stocks, rather than seeking refuge in traditional safe havens like bonds or gold.

This shift reflects a broader belief that economic stability might be within reach, at least in the short term. However, with major events like the Federal Open Market Committee meeting and US payroll data looming, the sustainability of this optimism remains an open question.

US markets: Choppy trading and rising yields

In the United States, stock markets closed mixed after a volatile session, capturing the complexity of the current environment. The S&P 500 inched up by 0.02 per cent, signalling modest gains, while the NASDAQ climbed 0.33 per cent, driven by strength in technology stocks.

Meanwhile, the Dow Jones Industrial Average dipped by 0.14 per cent, hinting at lingering caution among traders. This uneven performance suggests that while the trade agreement has bolstered confidence, investors are still grappling with uncertainties tied to upcoming economic releases and corporate earnings.

Also Read: US-Japan deal, EU talks, and Japan’s Bitcoin bet: A new chapter for global finance

US Treasury yields, which often serve as a barometer of market sentiment, edged higher across the curve. The 10-year Treasury yield rose by 2.2 basis points to 4.410 per cent, and the two-year yield ticked up by 0.2 basis points to 3.926 per cent.

These increases suggest that investors are shifting away from the safety of government bonds, aligning with the broader risk-on sentiment. Higher yields also reflect expectations of stronger economic growth, though they could pressure equity valuations if the trend accelerates.

The US Dollar Index, a measure of the dollar’s strength against major currencies, advanced by 1.01 per cent. A stronger dollar typically accompanies periods of economic optimism, as it did here, fuelled by the trade deal and improving risk appetite. This dollar rally could pose challenges for US exporters, but it also underscores the market’s faith in the resilience of the US economy.

Commodities: Diverging paths for gold and brent crude

Commodities have displayed divergent trends amid the shifting sentiment. Gold, a classic safe-haven asset, extended its retreat, falling by 0.68 per cent to US$3,315 per ounce.

This decline is understandable in the context of a rising risk appetite, as investors reduce their holdings of gold in favor of assets with higher potential returns. I see this as a natural response to the trade agreement, though gold could regain favor if new uncertainties emerge.

In contrast, Brent crude oil surged by 1.9 per cent to US$70 per barrel, propelled by President Trump’s proposal to impose secondary tariffs on nations purchasing Russian oil ahead of a 50-day deadline. This move has raised concerns about a tighter oil supply, which is expected to boost prices.

The rally also reflects the improving global economic outlook, which tends to lift energy demand. The energy market remains vulnerable to geopolitical shifts, and any escalation in trade disputes could alter this trajectory.

Asian markets and US futures: A mixed outlook

Asian stock markets mirrored the uneven performance seen in the US, with Japan’s Nikkei 225 pulling back by 1.1 per cent. This decline likely stemmed from profit-taking after recent gains, though it highlights that not all regions are fully embracing the risk-on wave. Despite this, US equity index futures suggest that US stocks will open higher, pointing to sustained positive momentum.

Also Read: The future of global payments? Ant bets on AI and tokenized money

Investors are now fixated on a packed week ahead, featuring the FOMC meeting, US ISM manufacturing data, non-farm payrolls, second-quarter GDP figures, and earnings from four of the “Magnificent Seven” tech giants. These events will likely determine whether the current optimism persists or wanes.

Cryptocurrencies: Ethereum’s surge and Bitcoin’s mining milestone

The cryptocurrency market has also captured attention, with Ethereum briefly topping US$3,900, its highest level since December, before pulling back. This surge underscores growing investor enthusiasm for Ethereum, driven by its expanding role in decentralised finance and smart contract applications.

Bernstein analysts have noted that Ethereum treasuries, companies holding Ethereum as a reserve asset, are adopting a distinct approach compared to their Bitcoin-focused counterparts. These treasuries generate staking rewards, providing a yield on their holdings, which marks a significant evolution in how institutions utilise cryptocurrencies.

The analysts caution that this model introduces liquidity and security risks. Staking contracts, while generally liquid, can require days-long queues to unstake, forcing Ethereum treasuries to balance availability with yield optimisation. More advanced strategies, such as restaking or DeFi-based yield generation, further complicate matters by exposing firms to vulnerabilities in smart contracts.

This trade-off between yield and risk highlights the maturing nature of the crypto market, where innovation often comes with growing pains. Companies will need to navigate these challenges carefully to sustain Ethereum’s momentum.

Bitcoin, meanwhile, has seen its mining power approach a new record, with the 7-day average hashrate reaching 942 exahashes per second. This figure sits just below the all-time high of 943.6 exahashes per second set in mid-June, according to data from Blockchain.com.

The hashrate, which tracks the total computing power dedicated to mining Bitcoin, offers insight into the network’s security and the confidence of miners. The recent surge suggests that miners remain bullish on Bitcoin’s long-term prospects, despite its price cooling off in recent weeks.

This increase in mining power has persisted despite a new all-time high in Bitcoin’s difficulty, which adjusts to make mining more challenging as more power is added. Miners’ willingness to expand operations under these conditions reflects their belief in future price gains, likely driven by Bitcoin’s historical resilience and growing institutional adoption.

Also Read: Trump’s trade barriers and crypto bets: Rewriting the rules of global markets

I find this development encouraging, as it signals a robust foundation for Bitcoin, though it also raises questions about energy consumption and profitability if prices stagnate.

My perspective: Optimism tempered by caution

From my standpoint, the advance in global risk sentiment is a positive development, particularly after months of trade-related uncertainty. The US-EU agreement has provided a much-needed lift, and its effects are evident across equities, currencies, and commodities.

The strength in the US dollar and Brent crude, coupled with Ethereum’s price surge and Bitcoin’s mining milestone, paints a picture of a market eager to move forward. Yet, the mixed performance of US and Asian stock markets, along with gold’s decline, reminds us that not all investors are thoroughly convinced.

The week ahead will be crucial in determining whether this momentum is sustained. The FOMC meeting could signal shifts in monetary policy, while economic data, such as payrolls and GDP, will shed light on the health of the US economy. Earnings from tech giants will also play a role, given their outsized influence on market indices.

In my opinion, the current risk-on environment offers opportunities, but investors should remain vigilant. The cryptocurrency space, with its blend of innovation and risk, exemplifies this duality. Ethereum treasuries and Bitcoin miners are pushing boundaries, yet they face hurdles that could temper their progress.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic.

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