Gate News Bot news, on July 24th, according to CoinMarketCap data, LINA (Linear Finance) is currently priced at $0.000041101, with a rise of 384.51% in the last 24 hours, reaching a high of $0.0000411042 and a low of $0.0000052449. The 24-hour volume reached $116,500. The current market capitalization is approximately $410,900, an increase of $326,100 compared to yesterday. Important news about LINA recently: 1️⃣ **Linear Finance announces project termination** The Linear Finance team has officially announced the termination of project operations, citing financial difficulties as the main reason. This decision has an impact on the market capitalization of LINA token.

Golden Finance reported that on September 25, the US Federal Trade Commission announced that it will launch the 'AI Comply Action' as part of a new round of enforcement actions to crack down on five companies that 'rely on artificial intelligence to engage in deception or unfair practices that harm consumer interests'. Chairman Lina of the Federal Trade Commission of the United States

The Federal Trade Commission (FTC) of the United States has reminded businesses not to deceive consumers by exaggerating the capabilities of artificial intelligence. It has filed lawsuits against five companies, accusing them of using the hype of artificial intelligence to deceive consumers, including DoNotPay, which provides artificial intelligence robot lawyer services, and Ascend Ecom, which claims to help consumers quickly generate passive income. FTC emphasizes that artificial intelligence is also subject to legal constraints. These companies mentioned by the FTC are accused of false advertising of their products or services and the use of artificial intelligence as a marketing tactic.

Odaily News Linear announced on the X platform that it has completed a $82 million Series C financing with a valuation of $1.25 billion, led by Accel.

Gold could experience a slight pullback if the Fed cuts rates by 25 basis points this week, according to Goldman Sachs analysts. However, driven by inflows into gold ETFs, the price of gold is expected to reach a new all-time high. They forecast that the price of gold will rise to $2,700 per ounce in early next year. It is expected that the Fed will cut rates by 25 basis points, which may lead to some tactical pullback in gold price. However, as the Fed enters a loose monetary policy cycle, gold ETFs will attract gradual inflows, thereby driving the price of gold to pump.

The Linea Association, which aims to advance the Decentralization roadmap and governance, and support Linea technology and market development, was announced at the Devcon conference in Bangkok, Thailand, as the Layer 2 Rollup of the zkEVM on the Ethereum Virtual Machine (EVM). The association features Tokenholder governance and will be responsible for managing Linea's intellectual property and treasury. This move is a key step towards achieving Decentralization of Ethereum.