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Inflation came in exactly where economists expected, and that was enough to confirm what the Federal Reserve has been signaling for months — rates are staying higher for longer. Bitcoin responded by slipping to around sixty-one thousand seven hundred dollars, a modest dip that reflects broader market unease rather than any crypto-specific crisis.
That macro pressure lands on top of an already difficult week for the crypto space, where tax legislation hit a wall in the House and markets were already selling off ahead of that CPI print. On a brighter note for the industry, DeFi lending protocol Morpho closed one of the largest fundraising rounds the decentralized finance world has seen in quite some time, a signal that institutional appetite for the space hasn't fully dried up.
Shifting gears, Waymo has built what it's calling a virtual human driver — named ReD — designed to model how a real person behind the wheel would perceive and react to the road. The idea is to give its robotaxi system a more human frame of reference when navigating edge cases, which is precisely where autonomous vehicles have historically struggled most.
That's what's moving today. Keep surfing. Tech Beat out.
