Crypto traders are betting on presidential politics with meme coins like KAMA, inspired by Kamala Harris, which doubled in price after Biden announced he’s dropping his re-election campaign. KAMA hit an all-time high of 2.4 cents, with a market cap of $24 million, making it much larger than the Biden-inspired BODEN coin, which fell 50%. The shake-up led to a surge in new tokens mocking Harris and Biden on Pump.fun, but most of these tokens are expected to drop in value on the Solana blockchain.

President Biden announced he's dropping his re-election campaign and endorsing VP Kamala Harris to run against Trump. Biden cited the best interest of his party and country as his reason. Harris now has around 100 days to rally Democratic support and compete with Trump. Biden's endorsement makes her the likely nominee, signaling a significant shift in the Democratic leadership. Biden will address the nation later this week about his decision.

Breaking: The FBI has ID'd the man behind the assassination attempt on former President Trump at a PA rally. Thomas Matthew Crooks, 20, from Bethel Park, was shot dead by the Secret Service. Motive unknown. Crooks used a semi-automatic rifle. Bethel Park is a well-off suburb of Pittsburgh, while the rally was in Butler. Records list Crooks as a registered Republican. Authorities are confirming his ID and investigating any accomplices.