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Odaily News: ChatGPT posted on X that GPT-5.5 will officially be discontinued across all plans of ChatGPT, ChatGPT Work, and Codex on October 14. Users currently using GPT-5.5 in Codex will need to switch to GPT-5.6 Sol or GPT-6 Astra.

Odaily News: According to GMGN data, mainstream Meme coins on BSC have pulled back, but fruit fly-related concept tokens are seeing active speculation. Among them:

Niu Lai's market cap now stands at $118 million, down 3.6% in 24H;

Marscoin's market cap now stands at $87.3 million, down 5.8% in 24H;

4Stock's market cap now stands at $10.1 million, down 37.8% in 24H;

b-money's market cap now stands at $4.1 million, down 33.7% in 24H;

FLOCK's market cap now stands at $4.1 million, down 45.9% in 24H;

Fruit Fly's market cap now stands at $3.4 million, up 828x in 24H.

Earlier news: CZ posted on X that it would be cool if someone could create "immortal fruit flies" on BNB Chain.

Odaily reminds users that Meme coin prices are highly volatile, and investors should participate with caution.

Odaily News: According to Onchain Lens monitoring, a Hyperliquid whale closed BTC and ETH short positions held for 4 days two hours ago. The BTC short earned $443,200, and the ETH short earned $752,900, for a total profit of $1.2 million. The whale has realized a cumulative profit of $4.5 million across 39 closed trades, with a win rate of 79.5%.

Odaily News: Jake Chervinsky posted on X that the US Senate did not pass the crypto regulatory bill Clarity Act, but its proponents did not compromise on principles during 18 months of research, negotiation, and revisions, insisting that it is better to have no bill than a bad bill. He said that due to political maneuvering in an election year, a good deal was difficult to reach, but the crypto industry can still function without the Clarity Act, and the US SEC and CFTC have the authority and expertise needed to regulate the crypto market. Jake Chervinsky believes that the discussion on crypto regulation has only just begun, and there is still room for future policy prospects.

Odaily News: Ripple CEO Brad Garlinghouse posted on X regarding the CLARITY Act's failure to pass a U.S. Senate procedural vote, saying the outcome was disappointing. The Ripple team and the crypto industry invested significant effort in pushing for the bill's passage, but ultimately fell short.

Garlinghouse said the U.S. crypto industry still has reason to remain optimistic. The SEC and CFTC will continue to develop relevant rules to fill the legislative gap left after the CLARITY Act failed to advance, and Ripple will continue to participate in the rulemaking process. He also said the vote failure will not change Ripple's business momentum, global footprint, or customer demand.

Odaily News: According to CoinGlass data, total liquidations across the network reached $585 million in the past 12 hours, with long positions accounting for $498 million and short positions accounting for $86.4012 million.

In addition, BTC liquidations totaled $206 million and ETH liquidations totaled $202 million, together accounting for approximately 69.7% of total network liquidations over the past 12 hours.

Odaily News: Crypto trader Bonk Guy posted on X that with the CLARITY Act failing to pass and the broader crypto market under pressure, USELESS has still shown relative strength, outperforming BTC, SOL, DOGE, and PEPE across multiple timeframes.

Bonk Guy reiterated that he believes USELESS could become a rallying asset similar to DOGE and SHIB, calling it "the meme coin of this cycle."

According to GMGN data, USELESS currently has a market cap of $217 million, with a 24-hour gain of over 10%.

Odaily News: US Senator Cynthia Lummis, one of the main drafters of the CLARITY Act, issued a statement after the bill failed to advance, accusing Senate Democrats of "never truly being serious about protecting consumers and preserving American leadership."

Lummis said she had been negotiating with Democratic lawmakers for the past year, but Democrats kept raising new demands and "kept moving the goalposts" after Republicans met their requirements. She said Democrats voted that day against restricting political figures' personal crypto investments, and also against protecting consumers from the scams and fraud the bill was intended to target.

Lummis further accused Democrats of "choosing politics over the American people," arguing that the move hands US leadership in digital assets to other overseas competitors and could prompt some crypto companies to relocate abroad. She also leveled a series of criticisms at Democrats, including "anti-consumer, pro-illegal finance, anti-business freedom."

Odaily News: OpenAI is in preliminary discussions with investors about a new round of private funding at a target valuation of about $1.2 trillion, preparing for a future IPO. According to people familiar with the matter, OpenAI reached a valuation of $852 billion after completing a funding round in March this year, and recently, as demand rebounded due to its latest AI models, the company has been discussing further funding plans with large investors. The negotiations are still at an early stage, and the final valuation and funding size may change.

OpenAI CEO Sam Altman previously said the company's IPO may not come earlier than 2027, and he believes that going public is not the best timing amid rising discussions of AI safety risks. The report said that after the release of new models such as GPT-5.6 and Astra, OpenAI's revenue growth accelerated, with annualized revenue already exceeding $40 billion. The company has previously said it has ample funds, but training large models still requires continuous heavy capital investment. (Financial Times)

Odaily News: Paradis posted on X that over the past two weeks, hedge funds bought US tech stocks at the fastest pace since mid-2025, with new long positions mainly concentrated in US semiconductor and semiconductor equipment companies, which also explains the early September rally in stocks such as INTC, BE, and NBIS. Paradis believes that Leopold's timing was relatively consistent with overall market flows and momentum, while Dario's article was published just as hedge funds began rebuilding semiconductor allocations, making the timing less than ideal. Paradis said this is a mispricing of AI infrastructure and capital expenditure growth, and the market is still in an environment of tight supply and constrained computing power.

Odaily News: Bloomberg ETF analyst Eric Balchunas posted on X that Morgan Stanley has filed a rare ETF application involving multiple Eaton Vance municipal bond ETFs, products that currently exist only as closed-end funds or mutual funds. He believes these ETFs could perform well if management fees reach institutional levels or lower.