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Share link:In this post: President Trump, through Treasury Secretary Scott Bessent, is moving forward with interviews for 11 potential replacements for Fed Chair Jerome Powell, whose term ends in May. The list includes current Fed governors, past officials, and top financial executives. Philip Jefferson, the current vice chair, is also in the running. If selected, he would become the first Black Fed Chair in U.S. history.
Share link:In this post: A new bill (HB1812) introduced in the Pennsylvania House of Representatives could impose jail time on public officials who fail to divest their Bitcoin holdings. Officials who do not comply with the divestment requirement could face civil penalties of up to $50,000, and violations may be classified as felonies. Similar proposals, especially at the federal level, are growing as more officials express discontent with Donald Trump’s relationship with crypto.
- 05:58The EU plans to postpone the implementation of certain provisions of the Artificial Intelligence Act.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)
- 05:57ZEC contract liquidations across the entire network reached $18.8 million in 24 hours, second only to BTC, ETH, and AIA.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.
- 05:11Yesterday, the net inflow of US spot Ethereum ETFs was $12.5 million.According to ChainCatcher, citing monitoring data from Farside, the net inflow of US spot Ethereum ETF reached $12.5 million, ending a streak of six consecutive trading days of net outflows.