Economy on The Soothsayer / page 10

Solana, a cryptocurrency, is expected to breach the $1000 mark by 2025, but it needs to close above the $260 mark first. Meanwhile, Rexas Finance, a rising rival, is gaining popularity among elite investors and is expected to gain 23,000% to reach $34.5 by 2025. Rexas Finance enables anyone to purchase whole or fractional ownership…

Luigi Mangione, a 26-year-old Ivy League graduate, has been charged with murder and stalking in a New York court, raising the possibility of the death penalty. Mangione is accused of killing UnitedHealthcare executive Brian Thompson, and a notebook found in his possession contained handwritten pages expressing hostility towards the health insurance industry. The case has…

Meme coins are revolutionizing the cryptocurrency world with their unique blend of creativity, community, and potential. BTFD Coin, Turbo, Goatseus Maximus, Bonk, and Book of Meme are among the top contenders, each offering a distinct experience for investors. With their presales and listings gaining momentum, these coins are poised to make a significant impact in…

Taiwan’s chip industry is bracing for upheaval as President-elect Donald Trump’s return to office casts doubt on the CHIPS and Science Act, a signature initiative of outgoing President Joe Biden. The law aimed to boost domestic semiconductor research and manufacturing in the US, but Trump has blasted the legislation as “so bad” and accused Taiwan…

Ripple’s USD-backed stablecoin, RLUSD, has been approved by the New York Department of Financial Services, marking a significant turning point for the company. This development, combined with growing XRP Ledger use cases and whale activity, has sparked excitement in the cryptocurrency market. As a result, XRP’s price has seen a 1.32% daily rise and a…

Thousands of Amazon employees in the United States are set to go on strike during the busy Christmas period after union officials accused the retailer of refusing to enter negotiations for better pay and conditions. The Teamsters union, representing about 10,000 Amazon workers, claims that Amazon has ignored their demands for improved working conditions and…

Lunex Network is rapidly gaining traction in the DeFi industry, with its presale tokens almost sold out and over $5 million raised in a few months. The platform offers smooth cross-chain transactions, low transaction fees, and a profit-sharing scheme that lets token holders receive a portion of the platform’s weekly earnings. With forecasts of up…

The US Federal Reserve has cut interest rates but signaled a slower pace of rate cuts, citing a relatively stable unemployment rate and little recent improvement in inflation. The central bank’s decision reflects a cautious approach to monetary policy, with officials projecting only two quarter-percentage-point rate reductions by the end of 2025. The Fed’s move…

Lightchain AI, a new project, is making waves in the blockchain scene with its innovative technology and real-world applications. The platform combines blockchain technology with artificial intelligence, offering a scalable, intelligent, and versatile solution. With its Memecoin Launchpad, Lightchain AI provides a secure and dynamic environment for creators and developers to innovate and monetize their…

Elon Musk’s social media posts about US voter fraud have sparked concerns in Pennsylvania, a key swing state. Emails obtained by Al Jazeera reveal that Republican officials contacted the top election official in Lebanon County, expressing concerns about overseas voting. The official, Sean Drasher, had his own concerns about the voter registration process, but ultimately…