Indonesia’s Crypto Boom🚀, Sea & J&T’s Big Milestone💰, More Startup Shakeups📉

Dear Subscribers,

It seems that not a single week passed by without any startup meltdown news, which is troubling. But behind the scene, investor-led movements are structuring protection mechanism to further impose governance, standard reporting and other counter-measure to prevent another eFishery happening in the region.

But it’s not all bad news. Since the regulatory shift of crypto oversight to Indonesia’s Financial Services Authority (OJK), transaction volume has surged by 104% as of January 2025. Beyond this, the past week has seen several notable developments in Indonesia’s startup ecosystem that you won’t want to miss. We've curated the highlights in this week’s newsletter.

We would also like to take this opportunity to wish our Muslim subscribers a blessed Ramadan. Additionally, if you haven’t yet accessed the Indonesia Startup Report 2025, it is now available for download, offering a comprehensive overview of the country’s startup landscape.

Happy reading!

Best regards,
The DailySocial Team

Here are some of the latest updates from Indonesia’s digital business landscape, as covered by DailySocial.id:

• Indonesia’s OJK reported that Indonesia’s crypto market saw a sharp increase in transaction value, reaching IDR 44.07 trillion (US$2.8 billion) in January 2025 with almost 1400 crypto assets readily and legally tradable, with 19 licensed platforms facilitating transactions. [Read more]

• Southeast Asia’s leading climate tech venture builder, Wavemaker Impact, has launched Zentide—a startup converting tropical seaweed into biostimulants and biofertilizers. With $525K in seed funding, Zentide aims to address soil degradation, synthetic fertilizer dependency, and rising greenhouse gas emissions, positioning seaweed as a sustainable alternative. [Read more]

• Malaysia-based flexible hou...