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.
Fidelity is making a bold move into the crypto space by offering new retirement accounts that let Americans invest in digital assets with minimal fees.
Robinhood CEO Vlad Tenev believes that the tokenization of traditional assets could play a key role in strengthening the position of the US equities market globally.
A stablecoin lost its peg to the US dollar on Wednesday morning, following allegations that the company behind it, based in Hong Kong, was facing bankruptcy.
Sony Singapore has made a move towards embracing cryptocurrency by introducing USDC payments on its official online store, utilizing Crypto.com’s payment service.