In a surprising development, the US president has announced he will not seek a second term, sending the election into uncharted territory.
As a result, the Democratic Party must now select a new candidate to face Republican nominee Donald Trump in the November election, a contest already characterized by tension, division, and even an assassination attempt.
This announcement follows months of speculation regarding President Biden’s age and fitness for office, exacerbated by several high-profile gaffes and a poor debate performance.
Despite his insistence that he was the best candidate to defeat Trump, there were increasing calls within his own party for him to step aside.
Biden recently tested positive for COVID-19 while on the campaign trail, experiencing mild symptoms including general malaise. Attention now shifts to who will succeed him, with the selection likely to take place at the Democratic National Convention in August.
The presumptive Democratic nominee is now Vice President Kamala Harris: Online chatter began to focus on her taking Biden’s place on the ticket after the president’s disastrous June 27 debate.
Circle’s explosive entry into public markets has propelled its stock valuation beyond the supply value of its flagship stablecoin, USDC.
Investor and entrepreneur Anthony Pompliano is rolling his private outfit, ProCap BTC LLC, into blank-check firm Columbus Circle Capital to form ProCap Financial, a new Nasdaq-listed business built around Bitcoin.
FTX’s legal team has moved to dismiss a $1.53 billion claim filed by Three Arrows Capital (3AC), calling it an exaggerated and baseless attempt to recover losses from risky trading.
FTX’s liquidators have filed a strong objection to a multi-billion-dollar claim by failed hedge fund Three Arrows Capital (3AC), arguing the request is based on exaggerated and misleading figures.