On July 22, according to CCTV News, on July 21 local time, US President Biden announced his withdrawal from the 2024 presidential election. In a letter posted on his personal social media that day, Biden said that he had intended to seek re-election, but in the best interests of the Democratic Party and the United States, he decided to withdraw from the presidential campaign and will focus on completing his presidential duties during his term.
Jack McIntyre, global fixed income portfolio manager at Brandywine Global Investment Management, said Biden's withdrawal from the race is good for the market
Overall, Biden dropping out of the race is at least temporarily positive for the market, and it could be positive for the bond market, especially given where we are in the business cycle and, more importantly, where we are in economic growth and inflation. I suspect that if the situation ultimately leads us to divided government, that would be a good thing for the market.
Crypto Policy Group: President Biden’s decision to step down is a new opportunity for top Democrats to embrace cryptocurrency and blockchain technology
Eleanor Terrett, a Forbes reporter, wrote on X Platform that the crypto policy group CEDAR Innovation Foundation said President Biden’s decision to step aside is a new opportunity for the Democratic Party’s top brass to embrace cryptocurrency and blockchain technology: “While Secretary Gensler and Senator Warren may have misled White House policy in the past, now is the time to propose a new vision for American innovation that will keep innovative jobs in the United States, ensure the global competitiveness of digital assets, and herald a new era of financial inclusion and prosperity.”
According to Snapshot information, Animoca Brands’ venture capital arm Animoca Ventures initiated a proposal in ApeCoin DAO to co-establish a joint venture fund ApeCoin Ventures with ApeCoin, which plans to invest in seed and A round Web3 projects, and give priority to projects that can integrate ApeCoin into its ecosystem, thereby increasing ApeCoin’s value, practicality, synergy, network effect and influence.
The ApeCoin Ventures fund is worth $10 million, of which ApeCoin DAO needs to allocate $5 million worth of APE (which Animoca Ventures intends to sell for fiat currency), and Animoca Ventures will invest $5 million. The proposal is currently open for voting, with a current support rate of 83.49%, and voting will end on August 1.
Biden Meme Coin BODEN fell below $0.01, with a 24-hour drop of more than 60%
Biden Meme coin BODEN fell below $0.01 and is currently priced at $0.009301, a 24-hour drop of 60.9%.
Kamala Harris Meme Coin Soars to All-Time High After Biden Drops Out, KAMA hits an all-time high of 2.4 cents within minutes of Biden’s announcement that he’s giving up his reelection bid. With a market cap of $24 million, KAMA is now almost four times the value of Biden-inspired token BODEN, which was once the crypto mainstream of the so-called PolitiFi. BODEN fell nearly 50% after Biden’s announcement.
