Today's Highlights in Cryptocurrency
Stay updated with significant events and trends affecting the cryptocurrency market, including regulatory changes, market fluctuations, and major figures' insights.
In today’s crypto updates:
California Enacts AI Regulations
California Governor Gavin Newsom has signed new legislation establishing specific regulations for AI chatbots used by social media platforms. This law aims to protect minors by introducing age verification and safety protocols.
Concerns Over Exchange Liquidation Reports
Jeff Yan, CEO of Hyperliquid, raised alarms regarding the reporting practices of centralized exchanges, particularly Binance, indicating they might be significantly underreporting liquidation events. Recent data from CoinGlass shows an unprecedented $16.7 billion in liquidations in the previous Friday.
Impact of US Government Shutdown on Crypto ETFs
As the US federal government enters its third week of shutdown, the fate of 16 crypto ETFs hangs in the balance, awaiting potential approval that could affect the market.
Key Points:
- California has introduced new laws on AI chatbots to ensure child safety.
- Centralized exchanges face scrutiny over liquidation data accuracy, with claims of misleading figures.
- The ongoing government shutdown in the US has stalled ETF approvals, influencing market expectations.
