Biden Exits Race, Harris Secures Nomination

President Joe Biden's unexpected withdrawal from the 2024 presidential race has led to significant political and market reactions, with Vice President Kamala Harris emerging as the presumptive Democratic nominee. Investors are closely monitoring the potential impact of Harris' candidacy on market volatility and the so-called 'Trump Trade.' Business leaders are optimistic about Harris' openness to crypto and emerging tech, a stance that contrasts with Biden's cautious approach. Meanwhile, the U.S. House has passed the Financial Technology Protection Act to curb the illicit use of digital assets. Additionally, Ethereum saw a price surge ahead of the launch of spot Ethereum ETFs, highlighting growing interest in crypto investments.