Pushing the limits: Infinite Machine's Olto is barely a bicycle

Pushing the limits: Infinite Machine's Olto is barely a bicycle

fivenewscrypto    août 06, 2026   

The Infinite Machine Olto is a great electric scooter, one with an overall layout that echoes the classic Vespa. It's comfortable, and it accelerates well, handles nicely, and has a capacious battery. It has a rugged design that seems capable of handling a lot of abuse, but it also comes with thoughtful touches and security features that mean you can park it anywhere with confidence. And it provides all that at less than half the cost of its full-featured stablemate, the P1 scooter.

The reason is that the Olto is also a bicycle. Sort of.

This may technically be a bicycle, but it's not one you'd ever want to pedal. While you can set it to operate as either a Class 2 or Class 3 e-bike, it works best when the pedals are both locked in a forward position, acting as footrests. The Olto was designed to provide riders with the experience of a scooter while still allowing them to take advantage of the growing bike lane networks in many urban areas across the country.

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Senators demand crackdown on wildfire "prediction market" bets

Senators demand crackdown on wildfire "prediction market" bets

fivenewscrypto    août 05, 2026   

Several US senators have written a letter to the Commodity Futures Trading Commission (CFTC), inquiring about the agency’s “plans to crack down on prediction markets” that offer “contracts for individuals to bet on wildfires.”

“Offering bets on destructive wildfires threatens to minimize communities’ suffering, all so the rich and powerful can profit,” wrote the group of senators, who represent Oregon, California, Nevada, Minnesota, and New Hampshire.

The document specifically cites that Polymarket hosted bets in January 2025 on the wildfires in Los Angeles, and it mentions another website that specifically accepts “simulated bets” exclusively on California wildfires.

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Trump killed the Digital Equity Act but US was forced to bring part of it back

Trump killed the Digital Equity Act but US was forced to bring part of it back

fivenewscrypto    août 05, 2026   

The Trump administration said it will reinstate a broadband grant program to comply with a court ruling that prevented it from fully ignoring the Digital Equity Act enacted by Congress in 2021. The US government said in a court filing that it plans to start taking applications for grants in December.

However, the Trump administration won a partial victory because the judge ruled the government can't allocate money based on the race or ethnicity of people who would benefit from grants. The government program can still award broadband grants based on factors like income, age, and disability.

The Digital Equity Act of 2021 provided $2.75 billion for three grant programs aimed at closing gaps in broadband access. The Biden administration started awarding $60 million in planning grants to states in 2022, and in 2024 it started taking applications to distribute the rest of the $2.75 billion. Trump announced in May 2025 that he would end the grant programs, claiming the Digital Equity Act itself is racist and unconstitutional.

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Texas halts data center connections to power grid amid overwhelming demand

Texas halts data center connections to power grid amid overwhelming demand

fivenewscrypto    août 05, 2026   

Nowhere is the US data center boom bigger than in Texas. But less than a year after declaring Texas the “epicenter of AI development,” Governor Greg Abbott has declared a moratorium on all new power grid connections for data centers—at least until developers provide more information about their projects’ potential impacts on the grid and communities.

The Republican governor directed regulators in an August 3 announcement at the Public Utility Commission of Texas and the grid operators at the Electric Reliability Council of Texas (ERCOT) to perform a “comprehensive verification and audit of all data centers advancing through ERCOT’s interconnection process.” As an independent system operator, ERCOT oversees a power grid that operates separately from the rest of the United States and provides services to most of Texas.

Texas has aggressively courted data center development with its availability of cheap land and relatively abundant energy resources, along with offering state incentives, like tax breaks and fewer regulations. That puts the state on track to surpass Virginia in becoming the largest US data center market.

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China is Tesla's cash cow, but for how much longer?

China is Tesla's cash cow, but for how much longer?

fivenewscrypto    août 05, 2026   

Tesla's factory in Shanghai had its best June ever, according to the China Passenger ⁠Car Association. Tesla built 93,579 cars in China that month, a hefty 38 percent increase compared to June 2025, according to CPCA's data. But that production isn't translating into bumper sales to Chinese customers. Rather, sales have been down quarter on quarter in China for more than a year now, particularly as buyers tire of the Model 3 sedan.

Almost 40 percent of the EVs that Tesla built in June were destined for export. And in Q2 in total, more than 50 percent—just—of the cars it built were for Europe, Canada, and other Asian markets: 128,394 versus the 126,157 Chinese-built Teslas that were sold to Chinese buyers. Low labor costs compared to Germany or the US are a big boon here, as are cheaper components from local suppliers. Throw in some export-related tax rebates from the Chinese government, and it's not hard to see how Tesla's Shanghai plant is an extremely valuable asset.

Despite this seemingly critical importance to the automaker at a time when its profit margins are evaporating, Tesla may be contemplating a future without China. Last week, The Wall Street Journal reported that some Tesla executives have been tasked with separating Chinese and non-Chinese parts of the company, although Tesla denied such preparations were underway.

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The Pixel 11's "glow" feature is actually called HiLight—here's what it does

The Pixel 11's "glow" feature is actually called HiLight—here's what it does

fivenewscrypto    août 05, 2026   

Google will reveal the Pixel 11 series later this month, but leaks and teasers so far have painted a picture of phones that have barely changed since last year. One notable exception seems to be the illuminated dot from some of the teasers. This has been rumored as "Pixel Glow," but a new leak all but confirms a different (and less interesting) name. Say hello to HiLight.

A post on Bluesky by WinFuture's Roland Quandt shows the new LED inside the camera module of the Pixel 11 Pro Fold. We can see the actual body of the device rather than a shadowy outline as in Google's teasers, and it does look a bit different than the previous Pixel Fold.

The camera bump on the Pixel 11 Pro Fold is smaller, with no separate section for the flash off to the right. It appears that HiLight is the flash. Presumably, it still works as a flashlight and camera flash, but it can also produce a range of colors.

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Tom DeLay helped create TV ownership cap—he says Trump FCC has no authority to repeal it

Tom DeLay helped create TV ownership cap—he says Trump FCC has no authority to repeal it

fivenewscrypto    août 05, 2026   

Tom DeLay, the Texas Republican who was House majority leader from 2003 to 2005, said the Federal Communications Commission has no legal authority to repeal the National Television Ownership Rule. Despite DeLay's warning, the Trump FCC appears ready to eliminate the rule at its meeting this week.

DeLay wrote an op-ed describing how he helped write the law that prohibited any single broadcast station owner from reaching more than 39 percent of all TV households in the US. DeLay said that only Congress, not the Trump FCC, can change the cap because the 39 percent limit is specified in US law and wasn't chosen by the commission.

DeLay gave his view in an op-ed for The Daily Wire yesterday, less than three weeks after FCC Chairman Brendan Carr announced a plan to eliminate the cap. The FCC is scheduled to vote on Carr's proposal on Thursday.

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