Pundi Ai co-founder Danny stated that as the deadline of June 30 set by the Monetary Authority of Singapore (MAS) for offshore cryptocurrency exchanges approaches, some offshore exchanges are planning to withdraw from Singapore, but most market makers, service providers, and DeFi protocols are reacting mildly; many exchange executives have chosen to relocate their offices to Kuala Lumpur, while their families remain in Singapore. There are already signs of easing in commercial real estate rents, while high-end residential rents remain relatively stable. The demand for EP (Employment Pass) sponsorship has increased, and many practitioners are applying through local companies to stay in Singapore. Additionally, some improper dismissal labor arbitrations have begun to appear.