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Salesforce to Invest $1 Billion in Singapore as AI Industry Race Heats Up in Asia

By
Samuel Nwite
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0

Salesforce has announced a major commitment to Singapore, pledging to invest $1 billion over the next five years as it accelerates the adoption of Agentforce, its AI-powered autonomous agent platform.

The move highlights the growing strategic importance of Singapore in the global AI industry, particularly as tensions between the U.S. and China limit American tech companies’ opportunities in the world’s second-largest economy.

With China increasingly off-limits due to regulatory and geopolitical restrictions, Singapore has become an attractive alternative for U.S. technology firms looking to expand in Asia. The city-state has been making significant strides in AI and automation, positioning itself as a leading hub for AI-driven enterprise solutions. Government-backed initiatives, such as the National AI Strategy, have helped foster an innovation-friendly ecosystem, making it easier for companies like Salesforce to scale their AI products.

Salesforce has already established a long-standing presence in Singapore, having invested in the country for nearly two decades. In 2019, it set up its first overseas AI Research hub in Singapore, underscoring the city’s significance in its global expansion plans. The company believes Agentforce could play a transformative role in addressing Singapore’s labor market challenges by enabling businesses to create “digital workforces”, where AI-powered agents complement human employees.

The latest investment follows Salesforce’s $500 million commitments in both Saudi Arabia and Argentina, reinforcing its global push into AI-driven cloud computing. With Singapore’s strong emphasis on automation, digital transformation, and enterprise AI adoption, it is well-positioned to benefit from the company’s latest wave of AI innovation.

As part of its expanding footprint in the region, Salesforce has also announced a partnership with Singapore Airlines to integrate Agentforce, its AI layer Einstein in Service Cloud, and Data Cloud into the airline’s customer case management system. The collaboration is expected to enhance customer service automation, streamline operational efficiency, and introduce new AI-driven solutions tailored for the aviation sector.

Additionally, both companies will work together at Salesforce’s AI Research hub in Singapore to develop new AI-powered innovations for the airline industry, reinforcing Singapore’s role as a center for aviation technology.

Salesforce’s investment in AI comes amid a significant workforce restructuring, with the company reportedly reducing over 1,000 jobs while hiring around 2,000 employees to focus on AI sales and enterprise adoption. The shift reflects Salesforce’s broader strategic pivot towards AI-driven enterprise solutions, as it seeks to remain competitive against rivals such as Microsoft and Google, which are also ramping up their AI offerings.

Singapore is gradually emerging as a key player in the global AI industry as U.S. tech giants increasingly look beyond China for expansion. In the past year, major players like Amazon Web Services (AWS) and Microsoft have announced billion-dollar investments in Southeast Asia, reinforcing the region’s growing role in the global AI and cloud computing race. AWS recently pledged $9 billion in Singapore to expand its cloud infrastructure, while Microsoft committed $2.2 billion to Malaysia and $1.7 billion to Indonesia to strengthen its AI ecosystem.

With its pro-business environment, advanced digital infrastructure, and government-backed AI initiatives, Singapore has become a natural choice for companies looking to scale AI-powered solutions across finance, healthcare, aviation, and retail sectors. The country’s regulatory stability also provides a safer alternative for AI expansion compared to other Asian markets, where data privacy laws and government intervention pose challenges for foreign companies.

The race for AI dominance is intensifying, and with China increasingly inaccessible to Western countries, Singapore stands to gain as one of the most important AI hubs outside the U.S.

Veteran Investor, Known as the ‘Warren Buffett of Crypto,’ Sold XRP at $3.40 and Has Been Loading Up on These 2 Coins

By
TI Partners
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0

A veteran investor, widely regarded as the “Warren Buffett of Crypto,” has been making strategic moves in the digital asset market. After selling XRP at $3.40, the investor has shifted focus to Aptos (APT) and Cardano (ADA), with Rexas Finance emerging as a major investment. The rise of Real World Asset (RWA) tokenization has positioned Rexas Finance as a transformative force in blockchain-powered asset management.

Aptos (APT) Gains Momentum Amid Increased Adoption

The Layer-1 blockchain Aptos advances rapidly as it provides Ethereum an alternative network with high-speed functionality. February price increases on the network hit 12% because of rising DeFi and NFT activities. The combination of rapid functionalities and affordable costs makes Aptos blockchain solutions appealing to both developers and investors who need fast and cheap blockchain operations. The blockchain executes parallel operations combined with its Move-based smart contracts to achieve 100,000 transactions per second (TPS) capability. The high data processing speed makes Aptos a major sector challenger compared to Solana and Ethereum platforms. Institutional investors and developers are now studying Aptos because its future system scalability and economy-friendly transactions have caught their interest.

The Web3 space becomes stronger because Aptos keeps expanding through new project additions. The speed of Aptos’ network allows DeFi platforms and NFT projects to flourish, which in turn drives more usage of the network. Veteran investors identified Aptos’ potential, which prompted them to select it as a fundamental part of their diversified crypto collection.

Rexas Finance Leads the Future of Asset Tokenization

Rexas Finance maintains its position as the top blockchain-enabled platform for Real World Asset (RWA) tokenization. Innovation through the platform provides secure asset transmission through tokenization, enabling users and commercial entities to handle their assets together and trade them effectively. Through its AI protection system and automated smart contracts, Rexas Finance enhances security and produces cost-saving benefits for transactions. Ecosystem users benefit from a tool that enables the no-code creation of digital assets. Implementing DeFi solutions in Rexas Finance produces better liquidity components and additional investment platforms for tokenized products. The increasing blockchain adoption makes Rexas Finance position itself as an open and reliable system for asset management.

RXS token serves fundamental purposes for governance functions alongside staking and decentralized finance services within the network. Rexas’s pre-sale operation continues until the present time at a 90.40% achievement level, where investors can purchase RXS at a lowered price. Rexas Finance will drive the upcoming blockchain financial revolution through RWA tokenization because a veteran investor demonstrates his faith in this initiative.

 

Website: https://rexas.com

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

Billionaires Who Backed Trump Have Since Lost $209 Billion in Market Collapse

By
Samuel Nwite
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0

Donald Trump’s second coming as the U.S. President was marked by the unwavering support of U.S. billionaires who had jettisoned their soured past with the President for a new beginning. On January 20, as Trump took the oath of office for his second term, some of the world’s richest individuals stood behind him in the Capitol Rotunda, basking in the glow of record-breaking stock market gains.

The group included Elon Musk, Jeff Bezos, Mark Zuckerberg, Bernard Arnault, and Sergey Brin, among others—billionaires who, despite a contentious history with Trump, had aligned with him this time, hoping to protect their wealth.

Ironically, just seven weeks later, these same billionaires are watching their fortunes collapse, with a staggering $209 billion wiped from their net worths, according to the Bloomberg Billionaires Index. The companies that fueled their wealth have collectively lost $1.39 trillion in market value since January 17, the final trading day before Trump’s inauguration.

A Relationship of Convenience

During Trump’s first term (2017–2021), many of these billionaires had a rocky relationship with the president. Jeff Bezos and Mark Zuckerberg faced direct attacks from Trump, while Sergey Brin openly protested his immigration policies. Elon Musk, after initially joining Trump’s advisory council, quit in 2017 over the U.S. withdrawal from the Paris Climate Agreement.

This time, however, the billionaires took a different approach. Their decision to align with Trump was a strategic move, aimed at ensuring that his policies worked in their favor—from tax cuts to deregulation and corporate-friendly economic policies.

Amazon, Meta and some others, donated $1 million each to Trump’s inauguration fund. Bezos dined with the president in February. Musk, once a critic, began publicly supporting Trump’s stance on free speech and attacking Democrats on his social media platform, X. Even Brin, who once led protests against Trump, attended a private dinner at Mar-a-Lago.

The logic was simple: Trump’s pro-business stance could benefit their companies and portfolios. But that gamble, according to the Bloomberg Billionaire Index, has backfired spectacularly.

The period between Trump’s reelection and inauguration was a financial goldmine for these billionaires. The S&P 500 surged to record highs, Tesla stock nearly doubled, and luxury markets boomed. The expectation was that Trump’s second term would fuel further market gains.

Instead, Trump’s return to power has triggered market turmoil. The S&P 500 has fallen 6.4% since January 20, with a sharp 2.7% drop on March 10 alone. Trump has also embarked on mass layoffs of government employees and trade tariffs that have rattled Wall Street. Investors are increasingly concerned about the president’s unpredictability, leading to a wave of panic selling in some of the market’s biggest names.

For the billionaires who bet on Trump to safeguard their wealth, the irony is now undeniable.

The Billionaires Who Took the Hardest Hit

Elon Musk: Down $148 Billion

Elon Musk has suffered the biggest loss among Trump’s billionaire backers, with $148 billion wiped from his fortune. Tesla, which had surged 98% in the weeks after Trump’s election, has since lost all those gains.

The reasons behind Tesla’s collapse:

  • European consumers are rejecting Tesla over Musk’s right-wing politics, leading to a 70% sales decline in Germany in early 2024.
  • Chinese Tesla sales have plunged 49% in February, falling to their lowest level since 2022.
  • Trump’s trade policies have created uncertainty over EV subsidies, discouraging buyers.

Jeff Bezos: Down $29 Billion

Bezos, 61, had a bitter relationship with Trump during his first term, with Trump constantly attacking him over Amazon’s business practices and his ownership of The Washington Post.

But in Trump’s second term, Bezos changed course. Amazon made a publicized $1 million donation to Trump’s inauguration fund, and Bezos met privately with the president in February.

Amazon stock, however, has nosedived 14% since January 17, wiping out nearly $30 billion of Bezos’s fortune.

Sergey Brin: Down $22 Billion

Brin’s company, Alphabet, has since lost billions, with stock prices tumbling 7% in early February. Meanwhile, the Justice Department has intensified its antitrust battle against Google, a case that could force a breakup of the company’s search engine division.

Mark Zuckerberg: Down $5 Billion

Meta was initially one of the biggest winners from Trump’s reelection, rising 19% from mid-January to mid-February.

Zuckerberg, who had previously banned Trump from Facebook, appeared to quietly rebuild ties, with Meta adopting a more hands-off approach to content moderation.

But those early gains have evaporated, with Meta stock plunging, mirroring the 20% drop in the broader Magnificent Seven tech index.

Bernard Arnault: Down $5 Billion

Arnault, chairman of LVMH, has been a friend of Trump for decades, speaking with him personally after the Pennsylvania assassination attempt in July 2024.

Luxury markets initially surged following Trump’s election, as investors expected his policies to favor the ultra-wealthy. But LVMH’s rally has collapsed, driven by fears of Trump’s proposed tariffs on European luxury goods, which could cripple sales and a decline in global luxury spending, as economic uncertainty grows.

A Bitter Irony

Trump’s presidency has so far brought instability rather than prosperity, with erratic tariff policies, uncertainty over tech regulation, and widespread government layoffs sending markets into a tailspin.

The billionaires who once defied Trump, then embraced him, have not been spared. To make matters worse, it is quite uncertain the tides are going to change any time soon, given Trump’s unflinching stance in using tariffs as bargaining power. This means that the billionaires are in for a long rough ride.

U.S. Department of Housing and Urban Development is Exploring the Use of Stablecoin to Fund Grants

By
Paul Ugbede Godwin
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0

The U.S. Department of Housing and Urban Development (HUD) is exploring the use of stablecoins to fund grants, as part of a broader examination of blockchain technology to enhance its operational efficiency. According to reports, HUD has held internal discussions about experimenting with stablecoins for grant payments, particularly within its Community Planning and Development (CPD) office, which manages billions of dollars in grants for affordable housing, homeless shelters, and related programs. The initiative is seen as a potential pilot program, starting in one office, with the possibility of broader implementation across the department if successful.

This exploration aligns with the President Trump administration’s pro-crypto stance, as evidenced by the executive order “Strengthening American Leadership in Digital Financial Technology,” signed on January 23, 2025, which promotes dollar-backed stablecoins as a private-sector alternative to a U.S. central bank digital currency (CBDC). The order also reduces regulatory barriers for banks, such as the rollback of SEC Staff Accounting Bulletin 121 (SAB 121), making it easier for financial institutions to custody digital assets, including stablecoins, which could facilitate HUD’s potential use of stablecoins for grant disbursements.

Proponents within HUD argue that stablecoins could streamline payments, reduce transaction costs, and enhance transparency when paired with blockchain technology for tracking grant funds. Blockchain’s decentralized ledger could provide real-time monitoring, potentially reducing fraud and mismanagement, issues that have historically plagued grant programs. This is particularly relevant given HUD’s oversight of over $50 billion annually in housing and urban development funding, including grants, subsidies, and mortgage insurance.

However, the proposal has faced significant internal resistance. Critics within HUD have labeled the plan as “dangerous and inefficient,” arguing that it introduces unnecessary complexity and volatility into an already functional system. Stablecoins, despite their peg to assets like the U.S. dollar, have experienced de-pegging events in the past, such as the 2023 incident where a major stablecoin briefly fell 13% below its dollar peg, or the 2022 collapse of TerraUSD, which erased billions in value.

Such volatility could disrupt grant funding, potentially leaving grantees—often nonprofits or local governments serving vulnerable populations—without reliable access to funds. One HUD official described the initiative as a “beachhead” for introducing cryptocurrency into the agency, likening stablecoins to “monopoly money” and questioning their necessity given existing efficient tracking systems. The potential impact on grantees is a critical concern. Paying grants in stablecoins could expose recipients to currency conversion risks, requiring them to navigate crypto exchanges to convert stablecoins to dollars, a process that involves fees, technical expertise, and potential tax implications.

This could disproportionately burden smaller organizations, such as those supporting homeless shelters or disaster recovery, which may lack the resources to manage such complexities. Moreover, the integration of stablecoins into HUD’s $1.3 trillion mortgage insurance portfolio, as speculated by some officials, could amplify systemic risks, with one expert warning that a significant de-pegging event could have “catastrophic” economic consequences, reminiscent of the 2008 financial crisis. The initiative also raises ethical questions, particularly in light of the Trump administration’s ties to the crypto industry.

HUD Secretary Scott Turner, appointed by Trump, is overseeing the department amid broader cost-cutting efforts led by Elon Musk’s Department of Government Efficiency (DOGE), which has reportedly explored blockchain for federal spending transparency. Trump’s personal financial stake in the crypto sector, through ventures like World Liberty Financial, introduces potential conflicts of interest, as policies promoting stablecoins could indirectly benefit his business interests. This dynamic may fuel skepticism about the objectivity of HUD’s exploration, especially if investor protection and grantee stability are not prioritized.

Despite HUD’s interest, a department spokesperson has clarified that “the department has no plans for blockchain or stablecoin,” emphasizing that current discussions are educational rather than indicative of imminent implementation. This suggests that any move toward stablecoin use would require further deliberation, likely influenced by the President’s Working Group on Digital Asset Markets, established by Trump’s executive order, which is tasked with proposing a regulatory framework for digital assets within 180 days.

While blockchain and stablecoins offer theoretical benefits, their practical application in a government agency like HUD, which serves vulnerable populations, must be weighed against the risks of volatility, technical complexity, and systemic instability. HUD is actively exploring the use of stablecoins to fund grants, driven by a pro-crypto administration and technological innovation goals, but the initiative remains in a conceptual stage with significant internal opposition. The potential benefits of efficiency and transparency must be balanced against the risks to grantees, systemic financial stability, and ethical concerns, with the outcome hinging on future regulatory clarity.

Cloud Mining is not reliable! Check out these 5 safer ways to make money

By
TI Partners
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0

In the ever-evolving world of cryptocurrency, investors are constantly seeking the most efficient and profitable ways to grow their digital assets. Some mainstream methods have recently gained popularity, such as staking crypto and cloud mining. Both of these methods generate passive income, and the most important thing is that they are a more budget-friendly, cost-effective, and accessible option for the majority of investors.

This article will explore the key differences between staking crypto and cloud mining, why staking is often the better choice, and how investors can make informed decisions to maximize their returns.

Unlock Consistent Passive Income

Liquidity Mining Offers:

Level Balance Ratio
1 5- 1,050 1.5%
2 1,050- 3,050 2%
3 3,051 – 5,050 2.5%
4 5,051- 10,050 2.8%
5 10,051- 15,050 3.1%
6 15,051- 20,050 3.5%
7 20,051- 50,050 3.8%
8 50,051- 80,050 4.1%
9 80,051- 100,050 4.5%
10 100,051- 200,050 4.8%
11 200,051- 500,050 5.1%
12 500,051- 1,000,000,000 5.5%

Locked Crypto Staking Plans:

Plan Unit Price Lock Term Daily Profit Total Profit Capital Back
Free Plan $100 1 Day $1 $1 100%
TRON (TRX) $200 3 Day $1 $3 100%
Tether (USDT) $500 3 Day $3 $9 100%
Litecoin (LTC) $,1000 7 Day $7 $49 100%
Polygon (POL) $3,000 7 Day $24 $168 100%
USD Coin (USDC) $5,000 7 Day $45 $315 100%
Solana (SOL) $10,000 15 Day $100 $1,500 100%
Dogecoin (DOGE) $15,000 15 Day $180 $2,700 100%
Hyperliquid $20,000 15 Day $260 $3,900 100%
BNB Coin (BNB) $25,000 20 Day $350 $7,000 100%
Ethereum (ETH) $50,000 20 Day $750 $15,000 100%
Bitcoin (BTC) $80,000 20 Day $1280 $25,600 100%
BNB Coin (BNB)- PRO $100,000 30 Day $1,700 $51,000 100%
Ethereum (ETH)- PRO $200,000 30 Day $3600 $108,000 100%
Bitcoin (BTC)- PRO $500,000 30 Day $9500 $285,000 100%

 

Here’s a detailed comparison table between staking and cloud mining to help investors understand the key differences and make informed decisions:

Aspect Staking Cloud Mining
Definition Holding and locking cryptocurrencies to support blockchain operations and earn crypto staking rewards. Renting mining hardware from a provider to mine cryptocurrencies remotely.
Blockchain Type Proof-of-Stake (PoS) or Delegated Proof-of-Stake (DPoS) networks. Proof-of-Work (PoW) networks like Bitcoin or Ethereum (pre-merge).
Energy Efficiency Energy-efficient method; requires minimal electricity. Energy-intensive; need powerful hardware and high electricity consumption.
Costs Low costs primarily involve the opportunity cost of locking up coins. High costs include rental fees, maintenance, and electricity charges.
Accessibility Accessible to anyone with a supported cryptocurrency and a compatible wallet. Requires renting hardware from a provider, which can be expensive.
Hardware Requirements No specialized hardware is needed. Requires access to powerful mining rigs (rented or owned).
Technical Expertise Minimal technical knowledge is required. Requires some understanding of mining operations and setups.
Rewards Consistent and predictable rewards based on staked amount and network rules. Variable rewards depend on mining difficulty, market conditions, and fees.
Passive Income Provides steady passive income with regular payouts. Income can be inconsistent and it may take time to break even.
Risks Low risk; primarily tied to the volatility of the staked cryptocurrency. Higher risk includes potential scams.
Control Full control over staked coins. Limited control; relies on the provider’s infrastructure and honesty.
Flexibility Flexible staking periods; some platforms allow unstaking at any time. Rigid contracts with fixed terms and limited flexibility.
Environmental Impact Environmentally friendly; minimal energy consumption. High environmental impact due to energy-intensive mining processes.
Security Contribution to network security and decentralization. No direct contribution to network security; it relies on third-party providers.
Transparency Transparent: Rewards and participation are easily trackable. Less transparent; dependent on the provider’s reporting and honesty.

  

Why Choose HTXmining?

Highly Secure: HTXmining has a top concern about its security. By simply connecting your wallet, you retain full control over your assets. Our new security mechanisms will keep your funds secure while blocking unauthorized access for maximum security and confidentiality throughout the transaction.

Free Trial Plan: Are you interested in staking or liquidity mining but not ready to commit? HTXmining offers a $100 Free Trial Plan, allowing you to explore one of the best crypto staking platforms and experience how staking works. Earn real rewards without any risk—a perfect opportunity for those who want to test the waters before diving in.

Expert Team: HTXmining is supported by a skilled team that has been involved in crypto staking since 2022, guaranteeing a high-quality experience. Our technical experts maintain and support major blockchain networks like Ethereum (ETH), Solana, and Polygon, delivering optimal performance and stability for users.

24/7 Customer Support: HTXmining has a dedicated support team that is available 24/7, providing fast and professional help whenever you need it. Our technicians are always ready to serve you to either resolve technical queries or seek some operational guidance.

Conclusion

There are several advantages in crypto staking when it compares with mining, including energy efficiency, accessibility, and the potential for consistent passive income. It is true that cloud mining could gain the attraction of some investors, but the excessive expense, environmental cost, and hazards associated with it serve to make it less appealing in the long term.

For those who want to generate the most while leaving the lightest carbon print, staking is the better option. The selection of the correct staking platform and understanding the risks involved will always help the investors to maximize their rewards and help with making informed decisions.

Staking offers a promising opportunity to grow your digital assets sustainably and efficiently, regardless of whether you are a beginner or a seasoned crypto investor. Ready to start staking? The future of crypto awaits!

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