News

According to Jinse Finance, the Financial Times reports that the European Commission, under significant pressure from major tech companies and the US government, has proposed suspending parts of its landmark artificial intelligence legislation. The EU plans to relax certain digital regulations in a decision called the "streamlining plan" on November 19. The EU has faced immense pressure on its AI Act from the US government, large tech companies, and European groups; the Act is considered the world's strictest regulatory framework for the development of artificial intelligence technology. A senior EU official stated that the EU has been in contact with the Trump administration regarding adjustments to the AI Act and other digital regulations. According to the draft, the EU is considering offering companies a one-year "grace period" for violations of the highest-risk AI usage rules, and also suggests postponing the implementation of fines for breaches of new AI transparency rules until August 2027. (Golden Ten Data)

According to ChainCatcher, the total ZEC contract liquidations across the network reached 18.8 million USD in the past 24 hours, with long positions liquidated for 2.15 million USD and short positions for 16.65 million USD. The liquidation amount is second only to BTC, ETH, and AIA.