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Techmeme
July 19, 2025, 6:40 AM
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Top News

Bloomberg:
President Trump signs the GENIUS Act, and says the first federal bill to regulate stablecoins will “secure the dollar's status as the world's reserve currency”  —  President Donald Trump signed the first federal bill to regulate stablecoins, hailing it as a “giant step …
Bloomberg:
SEC Chairman Paul Atkins says the GENIUS Act is a “historic step” and the SEC is weighing an “innovation exemption” from regulations to incentivize tokenization
Eugene Kim / Business Insider:
Ring reinstated its mission to “make neighborhoods safer” and reintroduced video sharing with police in April, as its founder led an overhaul since his return  —  - Ring founder Jamie Siminoff has led a broad overhaul of the company since his return in April.
Stephen Nellis / Reuters:
Microsoft says it will no longer use China-based engineers to provide technical support to the US military, after a ProPublica report raised security concerns  —  Microsoft (MSFT.O) on Friday said it will stop using China-based engineers to provide technical assistance to the U.S. military …
Sabrina Ortiz / ZDNET:
Adobe updates its Firefly video model and adds a beta Generate Sound Effects tool that can create custom sounds from text prompts and the user's voice  —  Just a year and a half ago, the latest and greatest of Adobe's Firefly generative AI offerings involved producing high-quality images …
Kasha Patel / Washington Post:
Google researchers say Android's early-warning system detected and issued alerts for 1,200+ earthquakes since 2021, sometimes giving up to 15-60 seconds' notice  —  An early-warning system on Android phones has detected more than 1,000 earthquakes worldwide since 2021, sometimes giving people 15 …
Ari Levy / CNBC:
S&P Global says Block will join the S&P 500 on July 23, after announcing Monday that ad tech firm The Trade Desk will also be added; XYZ jumps 9%+ after hours  —  Block shares jumped more than 10% in extended trading on Friday, as the fintech company get set to join the S&P 500, replacing Hess.
Bloomberg:
Peter Thiel-backed crypto exchange Bullish files for an IPO, plans to trade on the NYSE, and reports a net loss of ~$349M on digital asset sales of $80M in Q1  —  Bullish, a digital-asset exchange operator whose backers have included billionaire Peter Thiel, filed for an initial public offering …
Bloomberg:
Sources: at least six of China's biggest VC firms are targeting a combined $2B in new USD-denominated funds to allow overseas investment in Chinese startups  —  China's largest venture capital houses are tapping the market for at least $2 billion in new funds, re-engaging with the country's startups …
Ivan Levingston / Financial Times:
Sources: Vy Capital, which has ~$15B of AUM and is a top backer of Elon Musk's companies, told external investors that it will not raise further outside money  —  Secretive tech investment group has racked up gains after backing companies such as SpaceX and xAI

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 6:40 AM ET, July 19, 2025.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Jody Godoy / Reuters:
Sources: a group of US states is preparing a lawsuit against Paramount's WBD acquisition; California's AG has said his office would make a decision soon

Ted Johnson / Deadline:
Memo: Lesley Stahl, Bill Whitaker, and Jon Wertheim say they will stay at 60 Minutes as they don't want to see it die and are “working to build trust with Nick”

Page Six:
Sources: Nick Bilton is making $2.5M to lead 60 Minutes, or $1M more than Tanya Simon was paid for the same job before being ousted

More News

Eleanor Hawkins / Axios:
Source: the CEO and the chief people officer of Astronomer were put on leave after a video of them cuddling on a kiss cam at a Coldplay concert went viral
Jessica Lyons / The Register:
Google files a lawsuit in the US against 25 unnamed individuals in China, accusing them of operating the BadBox 2.0 botnet, compromising 10M+ devices worldwide
Dina Bass / Bloomberg:
BrightAI, an AI-powered service using custom chips and devices to monitor critical infrastructure, raised a $51M Series A, source says at a $300M valuation

Earlier Picks

Zac Bowden / Windows Central:
Microsoft shuts down the Movies & TV storefront on the Microsoft Store on Windows and Xbox; users will continue to be able to access their past purchases
Osmond Chia / BBC:
Ted Sarandos says The Eternaut featured the first GenAI final footage in a Netflix original and that the VFX costs would have been too high otherwise
Eric Slivka / MacRumors:
Apple sues YouTuber Jon Prosser and an Apple staffer's friend over iOS 26 leaks, for allegedly accessing the staffer's iPhone; Prosser denies the claim
Hayden Field / The Verge:
OpenAI debuts ChatGPT Agent, which can control an entire computer and perform multi-step tasks, powered by a new dedicated model, rolling out to paid users
Tom Hals / Reuters:
Meta shareholders suing Mark Zuckerberg and Meta leaders over alleged Cambridge Analytica privacy violations reach a settlement deal, ending an $8B trial
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