In the past hour, total liquidations across the network reached $48.81 million, with $3.59 million from long positions, with $45.22 million from short positions. BTC liquidation $31.66 million, ETH liquidation $12.39 million.

MyToken Short-Term Trading Assistant just detected a buy signal of XRP/USDT at UTC/GMT 23:00:00 pm, Jul. 05, with the buy price at 1.16 USDT. According to the analytical result from Short-Term Assistant, recently XRP is going strong and showing an uptrend. The next support level below is 1.13 USDT. To learn about more trading signals, please go to「MyToken - Assistants - Trading Assistants」💡

According to Odaily Planet Daily, OKX market data shows that ETH has broken through 1800 USDT and is currently trading at 1800.01 USDT, with a 24-hour increase of 0.76%.

In the past hour, total liquidations across the network reached $12.38 million, with $1.68 million from long positions, with $10.70 million from short positions. BTC liquidation $4.57 million, ETH liquidation $4.74 million.

According to a report by the Financial Times, Sheldon Mills, Executive Director of the UK Financial Conduct Authority (FCA), stated that regulators are currently in an "arms race" trying to keep pace with the application of artificial intelligence in financial services. He said regulators need greater regulatory authority and called on UK regulators to assess whether large language models such as ChatGPT, Claude, and Gemini should be included in regulatory rules. Mills stated that regulators themselves must also embrace AI to keep up with the "speed, pace, and scale" of change this technology brings to the industry and help "monitor, identify, and respond to risks." In a report, Mills analyzed the opportunities and risks brought about by the increasingly widespread application of AI in financial services. The report stated: "High personalization helps products more accurately match customer needs, but it can also lead to algorithmic bias, opaque pricing, and manipulation targeting individuals." The report recommended that the FCA conduct a review within the next three to six months to assess the risks posed by companies outside its regulatory scope and the "consumer harm" that may result from the increasing use of AI models to manage personal finances.