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.
OKX has taken a significant step in its global expansion strategy by appointing Linda Lacewell as its new Chief Legal Officer (CLO).
Tether has significantly increased its Bitcoin reserves, acquiring 8,888 BTC in the first quarter of 2025.
USDC issuer Circle is preparing for an initial public offering (IPO) with support from major U.S. investment banks JP Morgan Chase and Citi.
Binance Futures has announced the addition of two new USD-margined perpetual contracts, FUNUSDT and MLNUSDT, expanding the selection of trading pairs on its platform.