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Jio & Airtel Partner with SpaceX to Bring Starlink to India as SpaceX Targets Its Biggest Market Outside the U.S.

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In a landmark move that could redefine India’s satellite broadband landscape, Jio Platforms, the telecom subsidiary of Reliance Industries and India’s largest mobile network operator, announced a partnership with Elon Musk’s SpaceX on Wednesday.

The deal will allow Jio to distribute and integrate Starlink’s satellite-based internet services across the country, marking a critical step in bringing high-speed internet connectivity to remote and underserved regions.

This partnership, however, is not just another business deal for SpaceX—it is arguably one of the most important agreements in Starlink’s global expansion. With China off-limits to Starlink due to strict government regulations and its own competing satellite network, India is set to become the largest potential market for Starlink outside the United States.

Since its launch in 2019, Starlink has aggressively expanded across more than 60 countries, targeting regions where traditional fiber broadband infrastructure is weak. However, one of the largest markets in the world—China—has been completely inaccessible to SpaceX. The Chinese government has banned Starlink operations, citing national security concerns and instead developing its own state-controlled satellite broadband network, the Guowang constellation.

With China out of reach, India, home to over 1.4 billion people and more than 950 million mobile subscribers, has become the darling ground for satellite broadband dominance. If fully approved by regulators, this Jio-Starlink partnership could allow SpaceX to establish a dominant presence in India’s rapidly growing broadband market. No other country offers this scale of untapped demand.

For Jio, the partnership represents a chance to reinforce its dominance in India’s telecom sector. While it has already launched its own satellite broadband service, JioSpaceFiber, Starlink’s low Earth orbit (LEO) satellite technology could help it reach even the most isolated regions of India.

“By integrating Starlink into Jio’s broadband ecosystem, we are expanding our reach and enhancing the reliability and accessibility of high-speed broadband in this AI-driven era, empowering communities and businesses across the country,” said Mathew Oomen, Group CEO of Reliance Jio, in a statement.

Jio, Airtel, and the New Satellite Broadband Race

Jio’s announcement came just hours after its biggest rival, Bharti Airtel, revealed a similar partnership with SpaceX to distribute Starlink services through its own channels. Airtel, India’s second-largest telecom operator, has been pushing to enter the satellite broadband market through OneWeb, a competitor to Starlink partly owned by Bharti Group.

This intensifying competition marks a new phase in India’s broadband wars, where traditional fiber and mobile networks are being supplemented by LEO satellite services to provide high-speed internet in rural areas.

Jio’s own satellite initiative, JioSpaceFiber, is already operational in select districts following regulatory approval from the Indian National Space Promotion and Authorization Center (IN-SPACe). Similarly, Airtel’s OneWeb venture is making significant strides toward commercial operations.

This raises three key questions:

  1. Will Jio and Airtel continue supporting Starlink if their own satellite broadband services gain momentum?
  2. Could this partnership evolve into a direct competition between Starlink, JioSpaceFiber, and OneWeb?
  3. How will the Indian government regulate multiple satellite broadband operators in a sector that has been tightly controlled in the past?

Beating the Regulatory Hurdles

SpaceX’s previous attempts to enter the Indian market were met with regulatory resistance. In 2021, the company began taking pre-orders for Starlink terminals, promising to launch services soon. However, the Indian Department of Telecommunications (DoT) and IN-SPACe ordered SpaceX to stop selling Starlink connections until it secured the necessary licenses. The company was forced to refund customer pre-orders in 2022, marking a major setback.

Now, with both Jio and Airtel backing Starlink, regulatory approval appears far more likely. However, it is still unclear how long the process will take, especially since both Jio and Airtel previously opposed the Indian government’s move to allow Starlink’s entry via administrative clearance rather than an auction process.

Modi’s U.S. Visit and India’s Digital Push

The timing of this deal is no coincidence. Just weeks ago, Indian Prime Minister Narendra Modi visited the United States, where he met with Elon Musk and U.S. President Donald Trump. Among the key topics discussed were India’s digital expansion, SpaceX’s role in global internet connectivity, and a new subsea cable agreement aimed at strengthening international broadband networks.

India has been aggressively pushing its Digital India initiative, a government-backed project aimed at expanding internet access to rural communities and bridging the digital divide. Satellite broadband plays a crucial role in this vision, making Starlink’s entry into India a perfect alignment with the country’s long-term connectivity goals.

Although there had been opposition to Starlink’s entry into India in the past, recent happenings indicate a shift that aligns with the growth interest of both Jio and Airtel, buoyed by the government’s broader connectivity strategy.

If approved, Starlink could become one of the most significant players in India’s broadband market, offering high-speed internet to millions of Indians who still lack reliable connectivity.

Gwynne Shotwell, President and COO of SpaceX reaffirmed the company’s commitment to the Indian market.

“We are looking forward to working with Jio and receiving authorization from the Government of India to provide more people, organizations, and businesses with access to Starlink’s high-speed internet services,” she said.

U.S. Securities and Exchange Commission Discontinues ‘ATS’ Registration for Crypto Firms

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The U.S. Securities and Exchange Commission (SEC) has indeed taken steps to move away from a proposed requirement that would have mandated cryptocurrency companies to register as “alternative trading systems” (ATS). This development reflects a significant shift in the SEC’s approach to regulating the crypto industry, influenced by a combination of political, industry, and leadership dynamics. In March 2025, Acting SEC Chairman Mark Uyeda announced that he had directed staff to abandon a 2022 proposal that aimed to expand the definition of ATS to include certain crypto firms.

This proposal, initiated under the previous Democratic leadership of the SEC, was part of a broader effort to impose stricter oversight on the crypto sector by subjecting it to the same regulatory framework as traditional securities exchanges. The plan faced significant pushback from the crypto industry, which argued that the heightened regulatory burden would stifle innovation and impose impractical compliance requirements, particularly given the decentralized and technology-driven nature of many crypto platforms.

In January 2025, the SEC launched a crypto task force aimed at overhauling its approach to digital assets, signaling a move toward a more industry-friendly regulatory framework. This shift has also been marked by the SEC pausing or dismissing several high-profile enforcement actions against major crypto firms, such as Binance and Coinbase, which had been accused of operating as unregistered exchanges. Uyeda criticized the original proposal as a “mistake,” arguing that it inappropriately linked the regulation of Treasury markets with what he described as a “heavy-handed attempt to tamp down the crypto market.”

By removing the ATS registration requirement, the SEC is reducing a key regulatory hurdle, potentially encouraging innovation and investment in the sector. Companies like Coinbase, Ripple, and others could benefit from clearer guidelines and a less adversarial regulatory environment, which might lead to increased institutional adoption and market expansion. The decision also aligns with broader political signals, including President Donald Trump’s 2024 campaign promises to establish a more crypto-friendly regulatory regime, such as creating a strategic Bitcoin reserve and promoting a national cryptocurrency stockpile.

However, this move does not mean the crypto industry is free from SEC oversight. Crypto firms must still navigate other securities laws, particularly if their tokens are deemed securities under the Howey Test, which would require registration and compliance with disclosure and reporting obligations. The SEC’s decision to abandon the ATS requirement is specific to the classification of crypto platforms as trading systems, not a blanket deregulation of the sector. Moreover, the crypto task force is tasked with developing new regulatory frameworks, which could introduce alternative registration channels or compliance measures in the future.

Critics of the original ATS proposal, including some within the crypto industry, argued that it was overly broad and could harm innovation, but proponents of stricter regulation contend that easing requirements could expose investors to increased risks, such as fraud, market manipulation, and Ponzi schemes, which have historically plagued the crypto space. The SEC’s previous enforcement actions, such as those against Binance and Coinbase, highlighted concerns about unregistered securities offerings and inadequate investor disclosures, issues that remain unresolved even with the abandonment of the ATS rule.

The SEC’s decision has sparked debate about its broader regulatory strategy. Some industry observers view this as a pragmatic step toward fostering a more collaborative relationship with the crypto sector, potentially legitimizing digital assets within mainstream financial markets. Others, however, see it as a politically motivated rollback of consumer protections, influenced by the incoming Trump administration’s deregulatory agenda and the crypto industry’s growing political clout, exemplified by significant lobbying efforts and campaign contributions from figures like Elon Musk.

It is also worth noting that this policy shift occurs in the context of other regulatory developments, such as the SEC’s approval of spot Bitcoin and Ether exchange-traded funds (ETFs) in 2024, which have already begun to integrate cryptocurrencies into traditional financial systems. These ETFs provide investors with regulated exposure to crypto assets, potentially reducing the need for direct trading on crypto platforms and thus mitigating some of the risks associated with unregulated exchanges. However, the abandonment of the ATS requirement could further encourage the growth of decentralized finance (DeFi) platforms and other crypto trading systems, which may continue to operate outside the SEC’s direct oversight, raising ongoing questions about market integrity and investor safety.

The SEC’s decision to end the proposed requirement for crypto companies to register as “trading systems” marks a significant pivot in its regulatory approach, driven by a combination of industry resistance, political pressures, and a desire to foster innovation. While this move reduces immediate regulatory burdens on crypto firms, it does not eliminate the need for compliance with other securities laws, and the long-term implications for investor protection and market stability remain uncertain.

Donald Trump’s Endorsement of Tesla Shows Solidarity with Elon Musk

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President Donald Trump’s endorsement of Tesla, particularly highlighted by his public support and symbolic purchase of a Tesla vehicle, does signal a level of solidarity with electric vehicles (EVs), but this stance is nuanced and appears heavily influenced by his personal and political relationship with Tesla CEO Elon Musk rather than a broad commitment to EV adoption. While Trump’s actions, such as showcasing Tesla vehicles at the White House and expressing support for the company, can be interpreted as an endorsement of EVs, his broader policy positions and rhetoric reveal a more complex and often contradictory approach to the electric vehicle industry.

Trump has historically been critical of EVs, frequently attacking policies that promote their adoption, such as Biden-era initiatives aimed at increasing EV sales and expanding charging infrastructure. He has repeatedly promised to roll back these policies, including the elimination of the $7,500 federal EV tax credit and the reversal of emissions standards that encourage automakers to shift toward electric models. These actions suggest a preference for maintaining a diverse auto market, including gas-powered and hybrid vehicles, rather than a full embrace of electrification. His public statements, such as claiming that EVs are too expensive, have limited range, and primarily benefit foreign manufacturers, further underscore his skepticism toward a complete transition to electric vehicles.

However, Trump’s relationship with Elon Musk, who has become a significant political ally and financial supporter, appears to be a key driver of his public support for Tesla. Musk’s endorsement of Trump, coupled with his substantial financial contributions to Trump’s campaign, has seemingly influenced Trump’s rhetoric and actions regarding Tesla. For instance, Trump has stated that he supports EVs because Musk endorsed him, framing his support as a personal obligation rather than a policy priority.

This transactional dynamic is evident in Trump’s decision to highlight Tesla vehicles at the White House and his pledge to protect the company from protests, even labeling such actions as “domestic terrorism.” These moves suggest that Trump’s solidarity is more with Tesla as a company—and by extension, Musk—than with the broader EV industry.

Moreover, Trump’s policies could have mixed implications for Tesla and the EV sector. While the elimination of EV subsidies might hurt competitors more than Tesla, given Tesla’s established market position and profitability, it could still reduce overall EV demand in the U.S., potentially impacting Tesla’s sales. Additionally, Trump’s proposed tariffs on imports, particularly from China, could benefit Tesla by limiting competition from cheaper foreign EV manufacturers, but they could also disrupt Tesla’s supply chain, given its reliance on Chinese-made components and its significant manufacturing presence in China.

While Trump’s endorsement of Tesla does demonstrate a form of solidarity with electric vehicles, it is primarily a strategic and personal alignment with Elon Musk rather than a genuine commitment to advancing the EV industry. His broader policy agenda, which prioritizes deregulation and traditional energy sources, suggests that any support for EVs is selective and contingent on political alliances rather than a vision for sustainable transportation. These dynamic highlights the tension between Trump’s public gestures and his underlying policy goals, revealing a solidarity that is more symbolic than substantive.

Singapore to Launch Bitcoin Future Trading Systems

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Singapore is set to launch Bitcoin futures trading through the Singapore Exchange (SGX), with plans to introduce Bitcoin perpetual futures contracts in the second half of 2025. This move positions SGX as a significant player in the crypto derivatives market, targeting institutional clients and professional investors, while explicitly barring retail traders from participation. The launch, which is still subject to regulatory approval from the Monetary Authority of Singapore (MAS), reflects Singapore’s broader strategy to enhance its role as a global hub for digital asset adoption, leveraging its reputation for a stable and business-friendly regulatory environment.

These Bitcoin perpetual futures, unlike traditional futures, have no expiration date, allowing traders to speculate on Bitcoin’s price movements continuously without needing to hold the underlying asset. SGX aims to provide a regulated alternative to existing crypto exchanges, emphasizing its Aa2 credit rating from Moody’s to establish trust and mitigate the credit risks associated with unregulated platforms. This initiative is part of a global trend, with other exchanges, such as Japan’s Osaka Dojima Exchange, also seeking approval to list Bitcoin futures, and U.S.-based exchanges like Coinbase already offering futures trading.

The decision aligns with recent pro-crypto developments, including the Trump administration’s policies in the U.S., which have reduced regulatory barriers for crypto firms and increased institutional interest in digital assets. Singapore’s move could enhance institutional market access in Asia, potentially increasing liquidity and providing a secure platform for hedge funds, asset managers, and other large investors to gain exposure to Bitcoin. However, the exclusion of retail traders may limit broader market participation, reflecting a cautious approach to balancing innovation with investor protection.

SGX is targeting institutional clients and professional investors exclusively, explicitly barring retail traders from participation. This focus reflects Singapore’s cautious approach to crypto regulation, prioritizing regulated, high-capital players over broader market access. The emphasis on institutional investors aligns with SGX’s reputation as a traditional financial exchange, aiming to integrate crypto into established financial systems while maintaining a controlled environment. This exclusivity is framed as a way to enhance trust and stability, but it also reinforces existing financial hierarchies, potentially limiting the democratizing potential of crypto.

Critically examining the establishment narrative, it’s important to note that while SGX’s entry into Bitcoin futures is framed as a step toward mainstream adoption, it also highlights the ongoing tension between regulated and unregulated crypto markets. The focus on institutional investors suggests a prioritization of large capital over democratized access, potentially reinforcing existing financial hierarchies rather than disrupting them, as crypto originally aimed to do.

Moreover, the reliance on regulatory approval from MAS introduces uncertainty, as stringent requirements could delay or alter the launch. Additionally, the narrative of “regulated trust” may oversimplify the risks, as even regulated platforms are not immune to market volatility, manipulation, or systemic failures, as seen in past crypto market downturns.

With some users predicting that this move will solidify Singapore’s role as a crypto investment hub and drive Bitcoin adoption in Asia. However, such sentiments are inconclusive and often speculative, reflecting market hype rather than guaranteed outcomes. The broader crypto market context, including recent price volatility and macroeconomic uncertainties, also suggests that the launch’s impact on Bitcoin’s price or institutional adoption remains uncertain. Investors and observers should approach this development with caution, recognizing both its potential to enhance regulated crypto trading and the inherent risks that persist in the volatile digital asset space.

XRP Price Prediction, Sui And The Best Crypto To Buy Now

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Despite the broader market uncertainty, the crypto bull run isn’t over.

Key predictive indicators and prominent analysts suggest that the macroeconomic uncertainty will be resolved by March, paving the way for an explosive rally in the second quarter.

The surge in global liquidity, easing financial conditions, and the strong likelihood of multiple Fed rate cuts point to a high probability of a bullish reversal. Even Donald Trump is expected to sign trade agreements with major partners, ending his tariff wars.

Indeed, the crypto market could be on the verge of a parabolic expansion. However, not all altcoins will achieve genuine breakouts, and sidelined investors must be selective when buying the dip.

4 Best Cryptos To Buy Now

This article highlights the 4 best cryptos to buy now after analyzing a diverse range of assets, from large caps to high-upside low caps.

XRP ($XRP)

XRP continues to be one of the consensus picks among experts for the best crypto investments, and will likely remain so for the entirety of Trump’s second term.

Ripple CEO Brad Garlinghouse has a close relationship with the Trump administration. Garlinhouse was recently invited to the White House crypto summit as well as the CFTC crypto CEO roundtable.

XRP has already benefited tremendously from its close relationship with Trump. For instance, the President has appointed pro-crypto Paul Atkins to the US SEC, who is expected to drop the agency’s lawsuit against Ripple and approve the spot XRP ETFs.

XRP is currently trading at $2.20. While it may temporarily dip to $1.65, prominent analysts anticipate a surge to $5–$8 this year.

Sui ($SUI)

Sui ($SUI) is back to its bullish ways.

The Layer-1 coin has already impressed investors with its strength during this bull cycle. Even amidst the broader market bearishness, Sui has successfully retested its $2 – $2.2 support zone in the weekly timeframe.

Prominent analyst Nebraskangooner suggests that the crypto is ready for a rally to $3 in the short term. Subsequently, a successful breach of the $3.40 resistance level would pave the way for a new all-time high.

Sui is expected to remain a favourite of the whales and prominent analysts in the coming months, making it one of the best cryptos to buy now.

Mind of Pepe (MIND)

It would be a mistake to underestimate the AI agent sector in the coming bull run.

It is not without reason that Fartcoin rallied by nearly 25% on Tuesday, immediately after the Bitcoin price showed a little resilience. Outperformance in relief rallies is a sign of high latent demand.

However, most AI agent and meme coins are built on the Solana blockchain. Now, one of the first prominent AI agent coins on Ethereum, Mind of Pepe (MIND), is in high demand and has already raised over $7 million in its ICO.

Mind of Pepe’s architectural design and capabilities have already impressed investors. The autonomous, alpha-generating intelligence engine is designed to provide real-time actionable tips regarding key trends, sentiment analysis, low-cap gems, whale accumulation patterns and market capital rotation.

Considering that MIND is a small-cap AI coin and one of the first prominent AI agent projects on Ethereum, investors believe it is highly undervalued during its presale.

Many are viewing it as the next 100x crypto.

Visit Mind of Pepe Presale

Solaxy ($SOLX)

Solaxy is one of the hottest presale coins of 2025 and is largely viewed by smart money analysts as one of the best new cryptos to buy now.

The SOLX presale has already raised over $25 million in short order, behind regular six-figure whale investments. Just last week, a whale purchased over $200k worth of the Solana coin.

The strong whale demand reveals their confidence and the asset’s high-upside potential.

Similar to Mind of Pepe, Solaxy’s cutting-edge design and capabilities are two of its key selling points. Armed with ZK-rollups, data availability tools like Celestia and Hyperlane-powered multi-chain bridge, it is the first prominent Solana layer-2 chain.

Considering that the top Bitcoin and Ethereum L2s like Stacks, Optimism and Arbitrum have multi-billion dollar valuations, it is no surprise that early SOLX investors are eyeing 10x returns on their investments.

 

Visit Solaxy Presale