Gate Crypto Flash News and Market Updates

Gate Flash News covers real-time crypto market updates, Bitcoin and Ethereum price movements, and key industry developments.
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EU Commission Proposes Digital Fairness Act to Restrict Addictive Design and AI Chatbots, With 6% Revenue Penalties for Violations

According to ChainCatcher, citing reports from November 10, the EU Commission proposed a Digital Fairness Act draft to restrict addictive design features and AI chatbots that simulate human relationships. The draft, set to be unveiled on November 11, would require companies to allow users to disable auto-play, irrelevant notifications, and streak-based rewards. Violations could face penalties up to 6% of global annual revenue. The draft also proposes prohibiting paid loot boxes and pay-to-win me
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OpenAI Chair Taylor Emphasizes U.S. Must Lead AI Development on November 10

According to Yahoo Finance on November 10, Brett Taylor, chair of OpenAI's board and co-founder of Sierra, told CNBC in an interview that it is essential for the U.S. to maintain global AI leadership despite declining public support for AI following midterm elections. Taylor stressed that American d
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00:57
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Trader "Maji" Closes Hyperliquid ETH Long, Transfers Funds Yesterday After Year of Losses

According to BlockBeats citing Yejin monitoring, trader "Maji" closed their ETH long position on Hyperliquid yesterday afternoon (November 9) and transferred all account funds to an address used for the Papertrade project. The trader has sustained approximately $37.46 million in cumulative losses over the past 18 months of intensive daily ETH long positions.
ETH-0.71%
00:52
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South China LPG Market Edges Lower on Nov 10 Amid Weak Demand

According to Jin10 Futures, South China's liquefied petroleum gas (LPG) market edged lower on November 10, with price pressures emerging despite earlier gains in the reference prices. Shipping demand remained subdued amid weakness in international crude oil and poor sentiment from northern China's s
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