Search results for Gavin Newsom
Mobility
Tesla runs out of California EV rebates in five days
Tesla has used up in five days the rebate allocation it received under California\'s new MyFirstEV electric-vehicle purchase support program. The discount for Tesla buyers began on Aug. 3 and the allocation was fully exhausted by Aug. 8, Electrek reported. The program is funded by $135.5 million in state money matched by automakers. Eligible buyers get an upfront $3,500 off a new vehicle under $50,000 or $1,750 off a used vehicle under $25,000, with no income cap or separate application.
Crypto
Binance XRP liquidity hits lowest in five years, volatility may rise
XRP liquidity on Binance has fallen to its lowest level since January 2020, with the 30-day liquidity index slipping to about 0.043. The decline suggests thinner market depth, making prices more sensitive to large orders, CryptoQuant said. Binance XRP reserves also fell to about 2.7 billion tokens from about 3.0 billion when prices were above $3. The market is also watching wallet activity linked to Ripple co-founder Chris Larsen.
Crypto
California bans insider betting on prediction markets
California Governor Gavin Newsom issued an executive order banning bets on prediction market platforms that use insider information, The Block reported on March 27. The move comes as cases of large bets linked to major economic decisions and U.S. military operations have increased, drawing attention alongside federal regulatory momentum. Newsom said on X that public office is not a way to get rich and pledged to fight corruption.