Elon Musk’s net worth has increased by $50 billion to $439.2 billion, according to the Bloomberg Billionaires Index. This surge in wealth is attributed to his role as the largest funder after Trump’s election win. As a result, Dogecoin, a cryptocurrency that Musk endorses, is expected to experience a significant increase in popularity, leading to…
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Kombucha, a fermented tea drink, is experiencing a surge in popularity as consumers seek gut-friendly beverages. To address the challenges of home brewing, a San Francisco-based startup, Kombu, has introduced The Fermenstation, an at-home kombucha brewer that streamlines the process and provides consistent results. The device is now available for preorder and is set to…
A recent report by Clarivate highlights several blockbuster drugs poised to revolutionize the biotech industry. These treatments, expected to generate over $1 billion in sales, include CagriSema for type 2 diabetes, Awiqli for long-acting insulin, Cobenfy for schizophrenia, and several others. As these drugs make their way to market, they are expected to transform the…
Leia, a Web3 gaming company, has made a remarkable debut on Gems Launchpad, raising a record $3M+ in its first day. The company offers a diverse platform for casual gamers entering the crypto space via familiar and accessible mobile games. With its “Intelligent Matching System” and skill-tracking algorithm, Leia aims to provide a fair and…
India’s biotech sector is experiencing rapid growth, with the country’s bio-economy expanding from $10 billion in 2015 to $130 billion in 2024. The sector is expected to continue its growth, reaching $300 billion by 2030. Top biotech companies in India, such as Bugworks Research, Biocon, and Eyestem, are making significant contributions to the sector, developing…
The International Monetary Fund (IMF) has reached a staff-level agreement with Egypt to unlock $1.2 billion in funds to support the country’s struggling economy. As part of the deal, Egypt has agreed to raise its tax-to-revenue ratio and accelerate the divestment of state-owned companies. This move is expected to improve macroeconomic stability and reduce debt…
The Committee on Foreign Investment in the US (CFIUS) has failed to reach a consensus on the proposed $15 billion takeover of US Steel by Nippon Steel, leaving the decision to US President Joe Biden. Biden has expressed opposition to the deal, citing national security risks, and has 15 days to approve or extend the…
NASA’s Perseverance rover has finally reached the rim of Jezero Crater on Mars after a months-long climb, revealing a 4-billion-year-old landscape never before explored. The rover has been collecting rock and dirt samples, which may hold signs of extraterrestrial life. However, bringing these samples back to Earth for analysis could cost up to $11 billion,…
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…
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…