California passed new laws today regulating AI chatbots. Hyperliquid’s CEO Jeff Yan, and the data company CoinGlass have warned that central exchanges could be reporting liquidations incorrectly. US shutdown now in its third week has left 16 crypto-ETF decisions in the air.
California Governor signs law establishing safety measures for AI chatbots
California Governor Gavin Newsom announced that the US state would establish regulatory safeguards In an effort to safeguard children, social media platforms such as chatbots with AI are being used.
A Monday announcement from the Governor’s office said Newsom signed several laws into law, which will mandate platforms add features such as age verification and protocols that address self-harm and suicide. He also added warnings about chatbots. SB 243 was the AI Bill introduced by Steve Padilla & Josh Becker.
Padilla cited Children allegedly communicating with AI robot companions resulting in some instances Suicide is encouraged by suicide. According to Padilla, the bill mandates platforms to inform minors about chatbots being AI-generated.
“This technology can be a powerful educational and research tool, but left to their own devices the Tech Industry is incentivized to capture young people’s attention and hold it at the expense of their real world relationships,” Padilla said in September.
It is expected that the law would impact companies offering AI-based services in California, such as decentralized gaming platforms and social media sites. Bills also include chatbot protections and narrow the scope of claims for the technology. “act[ing] autonomously” Companies can escape their liability.
SB 243 should be implemented in January of 2026.
Centralized exchanges are accused of undercounting massive amounts of liquidation
Jeff Yan, the CEO of Hyperliquid and co-founder of Binance, claimed that Binance and other centralized exchanges report their data in a way which is not transparent. likely to underrepresent liquidations.
BitcoinBTCThe price of a pound (£102,000) dropped to £102,000 after Donald Trump’s visit. Trump announced sweeping tariffs on China. Ether, (ETHSolana, meanwhile, (SOLIn a widespread sell-off, ) dropped to below $140.
CoinGlass reported that the Friday long-liquidations totaled $16.7 billion and short-liquidations totaled $2.456 million, making this day one of the largest ever. biggest liquidation event in crypto history.
In a Monday postYan pointed out a piece of documentation page Binance – the largest crypto exchange on earth explains that it will only show the most recent liquidation in every second in its order snapshot stream.
This stream sends out real-time updates on force-liquidated position. This batching allows higher performance. However, Yan explained that reporting only the most recent liquidation could lead to an under-reporting mass liquidation, since they process over 100 liquidations each pair every second.
“Because liquidations happen in bursts, this could easily be 100x under-reporting under some conditions,” Yan writes.
Yan’s statement was reminiscent of a Saturday morning X post CoinGlass, a crypto-data platform. According to the platform, “the actual [liquidated] amount was likely much higher” You can also find out more about us on our website. “Binance only reports one liquidation order per second.”
US Gov Shutdown enters Third Week with ETF “floodgates” The bursting point
America’s federal Government has entered its third week of shutdownIf the government shutdown continues into November, 16 ETFs may still be awaiting their approval.
On Oct. 1, the US federal government was at a standstill when Republicans and Democrats were unable to come to an agreement on funding. The US Securities and Exchange Commission (which approves ETF requests) and other agencies have been forced to operate with just the essential staff.
A new era in the crypto-industry was about to dawn. flood of ETFs in OctoberThe SEC was set to issue final decisions for at least sixteen crypto ETFs. Another 21 applications had been filed within the first eight of October. But the shutdown left all in limbo. deadlines passing and no action taken.
Congress must end it, and both the House of Representatives as well as the Senate. pass The government must pass legislation in order to continue operating. After the legislation is passed, Donald Trump will be able to sign it into law and end the shutdown.
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Source: cointelegraph.com
