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first_img New York State legislates strict limits on AI companions, prohibiting the provision of anthropomorphic emotional interactions to minors

New York Governor Hochul officially signed a new bill on Wednesday, prohibiting minors from using artificial intelligence chatbots with virtual companion attributes. This is one of the most comprehensive regulatory measures in the United States regarding consumer-grade AI models to date. The bill requires relevant operators, including ChatGPT under OpenAI, to implement reasonable age verification measures, prohibiting the provision of high-risk chatbot features listed in the bill to users under 18 or those whose adulthood has not yet been confirmed.According to the bill, the relevant chatbots are not allowed to output content that may mislead minors into believing they possess life, human attributes, or real emotions. They must not induce adolescents to have the illusion of a mutual emotional, professional consulting, or authoritative guidance relationship, nor can they package generated content as personal opinions. The system is also prohibited from retaining sensitive privacy data related to the mental and physical health of minors. Hochul stated at the signing ceremony that the core goal of the legislation is to sever the emotional binding chain of AI impersonating minors' "friends" or "lovers," protecting the mental and physical health of young people.The children's media advocacy organization Common Sense Media expressed support for the bill, calling it the strictest children's AI safety law in the United States. The tech industry has strongly pushed back, criticizing the overly broad definitions of the provisions and emphasizing that minors should not be deprived of access to cutting-edge learning tools. As of now, companies such as OpenAI and Anthropic have not publicly responded to this.

Huobi HTX Chief Analyst Cloud: Before the interest rate meeting, Bitcoin is likely to continue its fluctuations, with the lower edge of 80,000 USD possibly being tested first

Bitcoin has been trapped in the range of $80,000 to $84,000 for the past two weeks. Huobi HTX's chief analyst Cloud believes that this is essentially a balance of two opposing forces: ETFs have seen a net outflow for two consecutive weeks, while exchange holdings continue to flow out, and long-term holders are only moderately cashing out. In the week leading up to the Federal Reserve's interest rate decision, Bitcoin is likely to continue waiting in this range. The CME has only priced in a 16% chance of a rate hike in October, while economists generally believe it is close to a 50-50 chance. This discrepancy in pricing and opinions will make funds hesitant to bet in advance.If a direction is chosen in advance, the possibility of a downward test is slightly higher: the funding rate remains high, and the options skew continues to lean towards puts, indicating that bulls have not yet cleared out, and the demand for downside protection is still increasing. However, there has been effective support formed multiple times below $80,000 in the past month, making a downward breakout more likely to be a false breakout.Confirmation signals for a breakout are divided into two groups: for an upward breakout, the daily close needs to be above $84,200, with a cumulative net inflow of over $500 million into ETFs for three consecutive days, and the funding rate not exceeding 15%; for a downward breakout, it must fall below $79,800, with a single-week ETF outflow exceeding $500 million, while exchange funds turn into net inflows. The true source of direction will come from the interest rate decision announced at midnight on October 29, Beijing time, and the nearly 89% pricing for a rate hike in December.Note: The content of this article is not investment advice and does not constitute any offer, solicitation, or recommendation for any investment products.

Huobi HTX Chief Analyst Andy: U.S. inflation heats up again, market re-trades "higher for longer"

Surrounding the unexpected rebound of the U.S. September CPI, Huobi HTX Chief Analyst Andy pointed out that inflation is spreading from energy to core prices. The U.S. September CPI rose year-on-year to 3.7%, and the core CPI rose year-on-year to 2.6%. Gasoline prices increased by 9.1% in a single month, contributing to more than half of the overall increase, but prices for housing, healthcare, and airline services also rose, indicating that this rebound cannot be fully explained by energy shocks.The data reinforces the Federal Reserve's "higher for longer" policy logic. The economy has not yet shown significant signs of recession, and the Federal Reserve lacks urgent reasons to shift to easing, needing to prevent inflation expectations from becoming unanchored. After the CPI announcement, U.S. Treasury yields and the dollar quickly rose, with the market raising expectations for subsequent interest rate hikes, leading to increased uncertainty in the interest rate path.For the cryptocurrency market, this change is slightly bearish in the short term. The market first trades on real interest rates, the dollar, and global liquidity; high inflation does not automatically favor Bitcoin. After the CPI announcement, Bitcoin weakened and fell below $82,000. In the medium term, it is necessary to distinguish between "energy-driven inflation" and "demand-driven inflation": if energy prices decline and core inflation no longer accelerates, the September data is more likely to be a temporary supply shock; if core service inflation continues to rise, then the high interest rate level may be maintained longer than expected. The direction of Bitcoin depends on whether inflation, employment, and long-term U.S. Treasury yields can jointly confirm a new policy path.

Huobi HTX Chief Analyst Cloud: The direction of Bitcoin awaits the determination of CPI, with the lower edge of $81,000 likely to be tested first

Bitcoin has retreated from around $86,000 at the beginning of October, fluctuating in the range of $81,000 to $84,000 in recent days, while the US dollar has strengthened and US Treasury yields remain high. Cloud, the chief analyst at Huobi HTX, believes that the likelihood of breaking down from the fluctuation range is greater.The ISM services price index rose to 74.0 in September, the highest since July 2022, and the one-year inflation expectation from the University of Michigan rose to 4.7% in October. The rise in price components and inflation expectations indicates that the probability of CPI exceeding expectations this Thursday is not low; if this materializes, the pricing for interest rate hikes at the end of the year will be further strengthened, and the lower bound of $81,000 will be tested first. Only if CPI is below expectations will the breakthrough of the upper bound of $84,000 have sustainability.The recent decline in chip stocks is mainly due to the repricing of AI capital expenditures and hardware profit expectations. The retracement of Bitcoin is smaller, indicating that its pricing is more aligned with macro liquidity, and its correlation with the AI narrative is weakening; however, this divergence is temporary. Once the US dollar and long-term interest rates regain dominance in pricing, the linkage will quickly strengthen, with the CPI announcement on Thursday evening serving as a recent testing window.

HTX DAO Ambassador Molly: Continuously improve the ecological mechanism, promote community nodes and on-chain ecological construction

On the evening of October 6, HTX DAO Ambassador Molly stated at the HTX DAO "Night of the Future" event held in Singapore that HTX DAO is continuously investing in three directions: ecological mechanisms, community building, and on-chain ecology. By continuously optimizing the token economic mechanism, expanding ecological application scenarios, and advancing relevant ecological initiatives according to established mechanisms, a solid foundation for long-term ecological development is being laid.Regarding community building, Molly revealed that HTX DAO plans to promote the construction of regional community nodes in the fourth quarter, supporting community members to organize activities, participate in exchanges, and co-build community culture. Currently, the number of active volunteers participating in community building has approached 200, and there are plans to further expand community participation in the future. In terms of on-chain ecology, HTX DAO is attracting developers from global universities to participate through hackathons and other means, with several projects currently in further incubation or advancement stages, exploring integration with $HTX ecological application scenarios.Molly emphasized that ecological construction requires long-term investment. HTX DAO will continue to improve infrastructure, cultivate active communities, and promote the implementation of ecological applications. She also stated that as one of the participants in the HTX DAO ecosystem, Huobi HTX is also continuously optimizing user experience, including optimizing withdrawal fees, collecting user feedback, and improving the App usage experience, to better respond to user needs and market changes.
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