"In the first episode of the "Lost Patients" podcast, a mother documents her son's struggle with mental illness as he talks to unseen entities in a Seattle hotel room. The city's mental health crisis reflects a larger issue in the U.S., prompting policymakers to address the lack of psychiatric care and the challenge of institutionalizing individuals against their will. The podcast aims to unravel the complexities of the mental health system and shed light on the difficulties of getting people the care they need."
Bitcoin struggles to gain momentum as it opens the trading week down 2% at $41,000, while Ether falls 3% to $2,100. Altcoins like Helium's HNT and Stacks' STX experience gains. Meanwhile, the estate of collapsed crypto enterprise FTX submits a proposal to end bankruptcy, aiming to maximize value for all creditors. Goldman Sachs highlights the institutionalization of the crypto market, with regulated derivatives venues seeing significant growth in 2023.
The U.S. District Court for the Southern District of Florida has ruled that the State of Florida violates the Americans with Disabilities Act (ADA) by unnecessarily institutionalizing children with disabilities in nursing facilities and placing others at risk of institutionalization. The court found that these children are capable of living in the community and that parents overwhelmingly want their children to live at home but have not been given meaningful options. The ruling marks a major turning point in the treatment of children with disabilities in Florida and emphasizes their right to community integration. Florida must now take steps to ensure access to necessary services and develop transition plans for institutionalized children.
With the possibility of BlackRock's Bitcoin ETF approval, the financial industry is looking for a simple story to tell about Bitcoin. While Bitcoin can be viewed as an uncorrelated asset, an inflation hedge, or a tool for financial inclusion, the industry is likely to gravitate towards the "digital gold" narrative, framing it as a long-term store of value. This framing may strengthen regulatory positions that curtail Bitcoin's usage growth, but the Bitcoin protocol is unstoppable and innovators will find ways to engage with Bitcoin use cases without being ensnared in regulatory binds.
