Biden withdrew from the election early in the morning and announced that he would not seek re-election.

The above is a statement Biden made on his Twitter account, which roughly means that Biden has decided to end the political crisis that has lasted for nearly a month. He said that his decision to withdraw from the election was in the "best interests of my party and country." He expressed his "full support and recognition" for Harris and called on Democrats to unite.

However, he has indeed behaved very old during this period, and this also confirms the diagnosis of Alzheimer's disease.

A person familiar with the matter told Reuters that Biden had originally planned to continue running for re-election on Saturday night, but suddenly changed his mind on Sunday afternoon and announced his decision to withdraw from the race on social media a few minutes later.

A certain celebrity even thought that this was a shameful scene that had never happened in American history:

The incumbent president was collectively driven out of office by everyone because of Alzheimer's disease. So, how has he performed his duties in the past four years? This proves that the legendary Washington swamp and deep government really exist, right? Biden is definitely a puppet, right? Now the mastermind behind the scenes wants to support another puppet (Vice President Harris), right?

Those who can control the president are most likely the big financial giants who support the Democratic Party. They are also the forces that have long suppressed the development of the crypto industry in the United States.

Affected by this news, the Democrats' remaining hope of re-election is becoming increasingly slim, and the crypto market continues to rise:

Before Trump was assassinated, the price of Bitcoin was only 57,000. Now it has exceeded 68,000, with a cumulative increase of about 20%.

Among the mainstream currencies, Solana has performed the strongest. The main reason is that Ethereum's ETF has been approved and will be officially issued this week. The next token most likely to be approved for the issuance of a spot ETF is Solana.

Trump also publicly called on the Fed chairman a few days ago not to cut interest rates before the election. Judging from his current chances of winning, the Fed is likely to comply with his request.

Trump responded to Biden's announcement of withdrawal from the race:

Biden is "unfit to run for president and certainly not fit to serve" and "we will suffer greatly from his presidency, but we will quickly make up for the damage he has done."

In addition, Trump also said in an interview with CNN: "Harris is easier to defeat than Biden."

Therefore, the trend in the second half of the year should be as follows:

1. Before the election, Trump will make his encryption policy increasingly clear, as he has made it clear that he wants the United States to lead the future development of the encryption industry.

2. After the election, the Federal Reserve entered a cycle of interest rate cuts.

I wish you all enjoy the upcoming bull market~