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Search results for July 2025

Crypto

Bitcoin hovers at $80,000 as stablecoin rulemaking accelerates

Crypto markets are locked in a tug-of-war around $80,000 as bitcoin slid more than 3 percent on Oct. 22 and briefly fell into the $79,000 range on Oct. 24, its lowest in about a month. Risk-off moves were linked to reports of U.S. personnel withdrawals in the Middle East and equity jitters tied to CoreWeave. Investors are watching the Oct. 29 FOMC meeting and big tech earnings. In the United States, the OCC finalised rules for the Genius Act on stablecoins, while Korea nears decisions on won stablecoins.

Crypto

U.S. midterm elections next week put CLARITY Act fate at stake, crypto industry on edge

The outcome of next week’s U.S. midterm elections could make it harder over the next two years for Congress to pass the CLARITY Act, which sets the structure of the digital asset market. TD Cowen’s Jaret Seiberg outlined scenarios in which Democrats or Republicans control Congress, affecting the prospects for crypto legislation and oversight. The bill passed the House in July 2025 but failed a Senate cloture vote in September.

Mobility

Tesla expands Houston robotaxi zone tenfold but has just 34 vehicles

Tesla has expanded its robotaxi operating area in Houston by about 10 times, but only 34 unsupervised Model Y vehicles are running, raising questions about operational capacity. The new zone expands to about 254 square miles and now includes downtown and Bellaire. Tesla has cited safety as a major constraint, with service focused on low-speed roads. Comparisons with Austin and rival Waymo highlight differences in vehicle numbers and operating conditions.