New York City Mayor Eric Adams has suspended his re-election campaign, citing financial difficulties and media speculation as key factors. In a video posted on Platform X, Adams explained that the Campaign Finance Committee's decision to withhold millions in funds has hindered his fundraising efforts. Despite stepping back from the race, Adams pledged to continue advocating for the city. Adams, a proponent of cryptocurrency, has previously received his salary in Bitcoin and hosted New York's inaugural cryptocurrency summit. His withdrawal leaves the field open to Democratic candidate Zohran Mamdani, former Governor Andrew Cuomo, and Republican Curtis Sliwa. Prediction markets have reacted to Adams' exit, with Cuomo's chances of winning rising to nearly 15%, while Mamdani remains the frontrunner with an 84.6% likelihood of victory.