TikTok sues Trump administration over U.S. ban, calls it an election ploy.
- TikTok sued the U.S. administration over Trump's executive order banning transactions in the US with the popular app, calling it a pretext to fuel anti-China rhetoric as he seeks reelection.
- Global investors and traders are rushing into digital coins, sending the Crypto market capitalization to a two year high.
- The Nasdaq Composite climbed 0.42% to a record high of 11,311 driven by tech stocks. However, 72% of the S&P 500 components ended lower.
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