#Regulatory news

[trader-sg112]

Bitcoin and Altcoins Update: Market Movements and Key Developments

The cryptocurrency market has experienced some intriguing shifts recently, with Bitcoin and various altcoins demonstrating varying levels of performance. Here’s a detailed overview of the latest market movements and notable developments.

Bitcoin: A Modest Decline with Strong Weekly Gains

Bitcoin, the leading cryptocurrency, has seen a slight decline of 0.9%, bringing its current price to $64,166.3. Despite this recent dip, Bitcoin has shown significant strength over the past week, trading up by 8.5%. This positive weekly performance highlights Bitcoin's resilience and continued appeal as an investment asset, even amidst short-term fluctuations.

Ether: A Small Drop Amid Anticipated ETF Approval

Ether has fallen by 0.2%, settling at $3,444.58. The drop comes as market participants await potential regulatory news. Recent reports suggest that the Securities and Exchange Commission (SEC) might approve a spot Ether ETF as early as next week. Such approval could have substantial implications for Ether's market dynamics, potentially driving up its value as institutional investment opportunities become more accessible.

SOL: Noteworthy Surge with ETF News

In contrast to Ether’s slight decline, Solana (SOL) has surged by 3.8%. This increase follows reports indicating that a spot SOL ETF is also in the pipeline. The anticipated approval of such an ETF could enhance Solana's visibility and attract new investment, contributing to its recent upward momentum.

ADA and XRP: Downturns Amid Market Volatility

Both Cardano (ADA) and Ripple (XRP) have experienced notable declines. ADA fell by 2.3%, while XRP saw a more substantial drop of 4.7%. These downturns reflect broader market volatility and may be influenced by various factors, including regulatory uncertainties and shifting investor sentiments.

Meme Tokens: DOGE and SHIB Face Declines

Among meme tokens, Dogecoin (DOGE) and Shiba Inu (SHIB) have also faced declines. DOGE fell by 1.1%, while SHIB saw a more significant slide of 6.2%. The fluctuations in these tokens underscore the volatility often seen in the meme coin sector, where price movements can be heavily influenced by social media trends and speculative trading.

Conclusion

The cryptocurrency market continues to demonstrate its dynamic nature, with Bitcoin maintaining a strong weekly performance despite recent declines. Ether’s minor drop is tempered by the potential approval of a spot ETF, which could bolster its market position. Meanwhile, Solana’s recent rise reflects optimism around its forthcoming ETF, while ADA and XRP, along with meme tokens like DOGE and SHIB, face varying degrees of market pressure. As always, staying informed about these developments is crucial for investors navigating the ever-evolving crypto landscape.

[taurgo]

Considering everything going on with the missing submersible full of rich people who wanted to visit the titanic for 250,000 dollars a pop, I thought it would be a good time to link this Sunday morning segment that talks about the company and the submersible:

Namely, 2:40-4:00 where they specifically state how it's not approved by any regulatory authority in the liability agreement and it's operated via an Xbox controller or something among the many other erm, interesting design choices (like ceiling handles from camping world)

So you know, do with this info what you will

[contemplatingoutlander]

This is an important article by Linda Greenhouse, writing in The New York Times. Therefore, the link above is a gift 🎁 link, so anyone can read the article, even if they don't subscribe to the Times.

Below are some excerpts from the article:

To understand today’s Supreme Court, to see it whole, demands a longer timeline. To show why, I offer a thought experiment. Suppose a modern Rip Van Winkle went to sleep in September 2005 and didn’t wake up until last week. Such a person would awaken in a profoundly different constitutional world, a world transformed, term by term and case by case, at the Supreme Court’s hand. To appreciate that transformation’s full dimension, consider the robust conservative wish list that greeted the new chief justice 18 years ago: Overturn Roe v. Wade. Reinterpret the Second Amendment to make private gun ownership a constitutional right. Eliminate race-based affirmative action in university admissions. Elevate the place of religion across the legal landscape. Curb the regulatory power of federal agencies. [...} That was how the world looked on Sept. 29, 2005, when Chief Justice Roberts took the oath of office, less than a month after the death of his mentor, Chief Justice Rehnquist. And this year? By the time the sun set on June 30, the term’s final day, every goal on the conservative wish list had been achieved. All of it. To miss that remarkable fact is to miss the story of the Roberts court. It’s worth reviewing how the court accomplished each of the goals. It deployed a variety of tools and strategies. Precedents that stood in the way were either repudiated outright, as the Dobbs v. Jackson Women’s Health Organization decision did last year to Roe v. Wade and Planned Parenthood v. Casey, or were simply rendered irrelevant — abandoned, in the odd euphemism the court has taken to using. In its affirmative action decision declaring race-conscious university admissions to be unconstitutional, Chief Justice Roberts’s majority opinion did not overturn the 2003 Grutter decision explicitly. But Justice Thomas was certainly correct in his concurring opinion when he wrote that it was “clear that Grutter is, for all intents and purposes, overruled.” Likewise, the court has not formally overruled its Chevron decision. Its administrative-law decisions have just stopped citing that 1984 precedent as authority. The justices have simply replaced Chevron’s rule of judicial deference with its polar opposite, a new rule that goes by the name of the major questions doctrine. Under this doctrine, the court will uphold an agency’s regulatory action on a major question only if Congress’s grant of authority to the agency on the particular issue was explicit. Deference, in other words, is now the exception, no longer the rule. But how to tell a major question from an ordinary one? No surprise there: The court itself will decide. [...] My focus here on what these past 18 years have achieved has been on the court itself. But of course, the Supreme Court doesn’t stand alone. Powerful social and political movements swirl around it, carefully cultivating cases and serving them up to justices who themselves were propelled to their positions of great power by those movements. The Supreme Court now is this country’s ultimate political prize. That may not be apparent on a day-to-day or even a term-by-term basis. But from the perspective of 18 years, that conclusion is as unavoidable as it is frightening.

[euthymiya]

I say this as a c2 drug patient myself but. I don’t like you c2 prescription people you guys are rather rude

[saicpaservices]

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[kaysuza]

Having a normal one about the events of the Conscience of the King.

Written to go alongside the fic "Regulatory Relations"

Lyrics below the cut!

Nightmares - everybody's got one, and this one is mine

I put the devil in my crosshairs and the bullet went wide

I took my shot but he got away

I know he'll hunt me down someday

I missed my shot at the devil and there's nowhere to hide

He knows my name and he haunts my steps

He'll wear me down till there's nothing left

My soul and my sins and the devil make three

And he's coming, he's coming for me

He's in my dreams and he knows my heart

I feel him reaching from the dark

I got away, but I'll never be free

If he's coming, he's coming for me

And he's coming, he's coming for me

Hell is a pretty little place with nothing to eat

And the devil takes you by the hand and promises meat

He'll chew you up and he'll spit you out

He lifts you up till he lets you drown

You can call his bluff but the house can't be beat

He knows my name and he haunts my steps

He'll wear me down till there's nothing left

My soul and my sins and the devil make three

And he's coming, he's coming for me

He's in my dreams and he knows my heart

I feel him reaching from the dark

I got away, but I'll never be free

If he's coming, he's coming for me

And he's coming, he's coming for me

All I know is this

If you aim at the devil, you'd better not miss

All I know is this

If you aim at the devil, you'd better not miss

If you aim at the devil, you'd better not miss

If you aim at the devil, you'd better not miss

[quaranmine]

zooms in on myself in my job, two years down the line. isn't it spooky i can have whole technical conversations now and make strategic decisions because i actually understand the work now?

[queerticulate]

Radical thoughts: in Western societies it is constantly re-debated whether terminating a pregnancy should be illegal, while it is never debated if for example abandoning a partner during pregnacy should be illegal, indicates that the governing structures and politics are still infused with deep sexism. This one-sidedness reveals the debate is really about the right to control women's bodies (and people traditionally deemed women), and not about protecting new life.

[mediaheights]

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[gibaraltar]

cw ai, suicidal ideation, negativity of all things to not regulate. why AI

[larkiethings]

I was writing this in the tags but I want to include sources. I’m gonna tell you why drugs don’t go generic right away, and I want you to know that I don’t agree with the reasoning here, but this is how the system works.

New drugs are priced so much to recoup some of the losses of research. Drug research is insanely expensive. Whether you’re talking about buffers and reagents in the lab, machines designed to give scientists highly specific information, or required animal research, it’s EXPENSIVE. I tried to pull up an example for a standard microscope but companies that make lab equipment don’t have prices on their website, you have to fill out a form to request a quote.

So, lab equipment is expensive. You also have to go through rounds of animal testing. One lab mouse can cost hundreds of dollars, depending on how it has been genetically designed to give the best research results. And spoiler alert, you need repeat results, meaning multiple mice, and then larger lab animals because humans aren’t mice and we need to be sure drugs are safe before testing them on humans. Raising and caring for lab animals also takes lots of highly trained staff, which adds to the expense. This is partially why a lot of scientists in animal research are pushing for alternative research methods, because it is more humane and more cost effective to reduce our reliance on animal models.

So it’s expensive to do research, and then you get into patent law. Drugs get 20 years of patents, although that’s from when the patent was filed - which is often BEFORE the drug hits the market. You can patent a drug and then still have several more years of development. So in practice, drugs are often on the market for less than their patent time. From the drug company’s perspective, they need to recoup their losses in that amount of time, and the high price of the name brand drug is funding the ongoing research of the next drug.

Generic drugs don’t have to go through animal or clinical trials, so companies making generic drugs ONLY have to consider the manufacturing cost when pricing their drugs. This is why they’re so much cheaper, because all they have to prove is that their drug is the same as the patented one.

Lenacapavir is STILL IN CLINICAL TRIALS, according to the source linked above. It hasn’t been approved for prevention. I believe it will probably be approved, but the point is that it’s a very new drug and still within its patent range. I’m not entirely sure when the patent was filed, but the fact is that it will have a generic eventually. Just not right now. But the reasoning for drugs being so expensive is that they’re factoring in the cost of research, not just the cost of production. I don’t like it! It’s a bad system! But that’s why it is the way it is

Source

[azuredeltaconsulting]

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[dahabminers]

dahabminers.com

[cnevpost]

Regulatory filing: Changan files for battery swap-enabled electric sedan

The Changan Oshan 520’s support for battery swap has sparked some speculation that the electric sedan could come from the Nio battery swap alliance, but that seems unlikely. Chinese auto giant Changan Automobile (SHE: 000625) has filed for a battery-swap-enabled electric sedan that may not come from the Nio-led (NYSE: NIO) battery swap alliance, despite their partnership. China’s Ministry of…

[cannabisbusinessexecutive]

New Jersey Governor Murphy signs law that will pull Delta-8, THC seltzers from shelves

In one fell swoop, the loophole that allowed intoxicating hemp products — from candy-shaped edibles and cannabis flower available at gas stations to the THC seltzers on liquor store shelves — has been closed off. Gov. Phil Murphy on Thursday signed into law a bill establishing regulations for intoxicating hemp products, placing their manufacturers and retailers under the purview of the New Jersey…