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July 19, 2025, 12:55 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  —  The Securities and Exchange Commission is weighing an innovation exemption from regulations to incentivize tokenization …
Gian Volpicelli / Bloomberg:
Joel Kaplan says Meta won't sign EU's AI code of practice, calling its guidelines overreach that will throttle development and deployment of AI models in Europe  —  Meta Platforms Inc. said it won't sign the code of practice for Europe's new set of laws governing artificial intelligence …
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.
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 …
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  —  After 12 years, Microsoft is shutting down its storefront that let Windows and Xbox users buy or rent Movies & TV shows natively on the platform.
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.
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  —  Astronomer — the software company that made headlines after a video of its CEO Andy Byron and chief people officer Kristin Cabot canoodling …
Reuters:
Source: Blackstone has withdrawn from the consortium led by Susquehanna and General Atlantic seeking to invest in TikTok US, after considering a minority stake  —  Private equity giant Blackstone has withdrawn from a consortium seeking to invest in TikTok's U.S. operations, a source familiar with the matter told Reuters on Friday.
More: Bloomberg
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 …

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From Mediagazer

New York Times:
Sources: an Iranian-aligned militia in Iraq is seeking the release of several detained militia members in exchange for freeing journalist Shelly Kittleson

Neel Dhanesha / Nieman Lab:
Three independent journalists experiment with a 30-day bundle of their newsletters for $8.50, half the normal price, using a service called Trustfnd

Heather Bushman / Indianapolis Star:
Circle City Broadcasting lays off what staffers call a significant share of WRTV's staff, after buying the Indianapolis station from Scripps under an FCC waiver

More News

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

Sidhartha Shukla / Bloomberg:
Total crypto market value surpassed $4T for the first time, driven by altcoin rallies and US legislative momentum; Ether jumped 22% over the past five days
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
Jay Peters / The Verge:
Roblox taps Persona to estimate users' ages and verify they are 13+, renames Friends to Connections, and says only users over 13 can message Trusted Connections
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