Biworld News: Singapore’s Temasek announced that its approximately $400 billion fund will no longer invest in cryptocurrencies, and instead will increase its focus on artificial intelligence and blockchain infrastructure. Since Temasek wrote down its investment in FTX in 2022, it has not rebuilt direct exposure to digital assets. Nagi Hamiyeh, Temasek’s Global Investment President, said that regulatory uncertainty continues to affect the role of cryptocurrencies in mainstream finance. Although Bitcoin is currently trading at about $62,824 and Ethereum at $1,750, Temasek’s investment in crypto remains on hold. After the collapse of FTX, the fund wrote down $275 million in investments, and Temasek said it will only consider re-entering the crypto market once clearer rules are in place.

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Miner'sHelmetUnderTheMoonlight
· 3h ago
Temasek's pivot is quite pragmatic; the $275 million tuition fee from FTX was too painful. Now betting on AI and on-chain infrastructure, is this a more stable way to ride the Web3 wave?
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ContractsMustNotLie.
· 3h ago
Regulatory uncertainty is indeed an old problem. Wait for the rules to be clear before entering the market. Institutional players have much more patience than retail investors.
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