Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Crypto-backed candidate wins Pelosi's seat; Saikat Chakrabarti loses despite $10M self-funding

Market News
03 Jun 2026
Crypto Briefing
View Source
Neutral
pluang ai news

Saikat Chakrabarti, former Stripe engineer, lost the Democratic primary for California's 11th Congressional District, finishing third despite spending nearly $10 million of his own money. The race to replace Nancy Pelosi moved to a runoff between Scott Wiener and Connie Chan, both supported by strong political backing and crypto-influenced funding. Chris Larsen, co-founder of Ripple, contributed significantly to a PAC that supported Wiener and opposed Chakrabarti, highlighting crypto's growing influence in politics. Pelosi endorsed Chan, while Alexandria Ocasio-Cortez did not back her former chief of staff, Chakrabarti.

More News

Acute Respiratory Distress Syndrome market to grow 3.8% CAGR through 2036 with new therapies emerging

Acute Respiratory Distress Syndrome market to grow 3.8% CAGR through 2036 with new therapies emerging

The Acute Respiratory Distress Syndrome (ARDS) market is projected to grow steadily at a 3.8% CAGR through 2036, driven by rising ARDS cases and the development of innovative therapies like MultiStem, ExoFlo, and ThyrOxy. The US leads the market with...

Market News
Bullish
37 minutes ago
Maryland Blockchain Association adds five top speakers for 2026 Summer Conference on blockchain and AI.

Maryland Blockchain Association adds five top speakers for 2026 Summer Conference on blockchain and AI.

The Maryland Blockchain Association announced five new high-profile speakers for its 2026 Summer Conference, scheduled for July 13-17 at Capitol Technology University. The speakers include Bermuda's Premier E. David Burt, blockchain co-inventor Dr. W...

Others
Neutral
37 minutes ago
Port of Vancouver honors 29 operators for environmental efforts in trade sustainability

Port of Vancouver honors 29 operators for environmental efforts in trade sustainability

The Vancouver Fraser Port Authority awarded 29 terminals, tenants, and marine operators with Blue Circle Awards for their environmental leadership in reducing emissions, underwater noise, and conserving energy. Key initiatives include electrification...

Market News
Bullish
37 minutes ago
Microsoft aims for a scalable quantum computer by 2029, boosting qubit stability with new lead-based tech.

Microsoft aims for a scalable quantum computer by 2029, boosting qubit stability with new lead-based tech.

Microsoft has advanced its quantum computing goals by replacing aluminum with lead in its Majorana 2 prototype, improving qubit stability and lifetime up to 20 seconds or more. This change enhances protection against cosmic disturbances, potentially ...

Market News
Bullish
41 minutes ago
SpaceX sets IPO at $135, eyes $75B raise and possible 2027 merger with Tesla, says analyst.

SpaceX sets IPO at $135, eyes $75B raise and possible 2027 merger with Tesla, says analyst.

SpaceX plans to go public with an IPO priced at $135 per share, aiming to raise $75 billion and valuing the company at $1.75 trillion. The funds will support expansion in AI, Starlink satellite network, and new ventures like solar-powered space data ...

Market News
Bullish
1 hour ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App