š LED lights the way

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New rules on lighting efficiency entered into effect in the US today. Most incandescent and halogen lightbulbs are now banned, leaving LEDs to lead the way.
Cryptocurrency influencer Richard Heart was charged with securities fraud. Regulators accused the YouTuber of buying the worldās largest black diamond with the proceeds of a $1 billion crypto fraud.
Journalists see a threat to the First Amendment in Ron DeSantisās legal battle against Disney. The Reporters Committee for Freedom of the Press urged a court to unequivocally side with the company or risk giving politicians carte blanche to attack freedom of speech.
Elon Muskās āXā sign is under investigation. The sign briefly towered over San Francisco,Ā burning into the retinas of all those in the vicinity.
Meta stock is creeping toward an all-time high

Mark Zuckerbergās āyear of efficiencyā is paying off. Metaās stock is back with a vengeance, nearly tripling in value since the start of 2023. Quartzās Ananya Bhattacharya explains why investors are back.
One big number: 35
Cities where Orb (an eye scanner) is collecting biometrics, in exchange for Worldcoin (a biometric cryptocurrency)
In Nairobiāone of the 35 cities where Orb is making iris codesāQuartz reporter Faustine Ngila collected firsthand accounts of fraud and privacy concerns related to Worldcoin. Read about why thereās reason to believe the digital ID will unleash worse problems than those it tries to solve.
Quotable: Italy has joinerās remorse
āImprovised and heinous actāāRomeās defense minister Guido Crosetto, during an interview on July 30, describing the Italian governmentās decision to join Chinaās transcontinental development project, the Belt and Road Initiative (BRI).
The BRI was launched in 2013 by Chinese leader Xi Jinping, with Italy signing on in 2019. It aims to spearhead China-led development projects around the world, but in Crosettoās opinion, has only been a double negative for Italy.
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š°ļø Taiwan and China are united on one thing: their suspicion of Elon Musk
š„ŗ Thereās a biological reason you feel down after having the time of your life
š¢ļø The UK doubled down on oil drilling and claimed itās part of its net-zero plan
Surprising discoveries
Neroās poetry and music rehearsal spot was unearthed. Archeologists found ruins of the Roman emperorās private theater mere meters from the Vatican. Ā
⦠and a zoo in China is insisting it didnāt hire humans to wear Malaysian sun bear costumes. For one, an outdoor temperature of 104°F (40°C) would make that too hot, a spokesperson said.
A 2-degree change in the orientation of Voyager 2ās antenna has left it unable to communicate with Earth. NASA thinks the spacecraftās silence is a temporary problem.
Thereās a new avocado variety. Itās called the Luna, and it could make harvesting easier.
Our best wishes for a productive day. Send any news, comments, hermit houses, and bear costumes to [email protected]. Reader support makes Quartz available to allābecome a member. Todayās Daily Brief was brought to you by Sofia Lotto Persio and Morgan Haefner.