Odaily Morning News

1. The U.S. Senate failed to pass the Clarity Act in a procedural cloture vote;

2. OpenAI plans pre-IPO fundraising with a valuation target of $1.2 trillion;

3. The Clarity Act vote failed but may not be dead yet, John Kennedy says it could wait for a lame-duck session review;

4. Lummis: Democrats "chose politics over the American people," handing U.S. crypto leadership to overseas competitors;

5. With cumulative profits reaching $179.89 million, Wintermute reduced its short exposure from $102.1 million to $55.54 million;

6. a16z partner: Crypto industry fundamentals remain strong, will continue to push for clear regulatory rules;

7. "Machi Big Brother" repeatedly stopped out on high-leverage long ETH positions, with account equity retracing from $12.3 million to $1 million;

8. Bonk Guy: USELESS remains strong amid the broad market downturn, potentially becoming the next DOGE or SHIB.