Today’s main storyline: Overnight the crypto market shifts completely— the CLARITY Act fails in the Senate, Bitcoin drops 5.3% in a day to below $75,000 and hits the lowest level since June; tonight the FOMC again faces a rate-hike probability above 86%. On the other side, the AI valuation race heats up—OpenAI targets a $1.2 trillion pre-IPO financing valuation, Anthropic moves ahead on Nasdaq, and DeepSeek plans to raise up to RMB 50 billion. Meanwhile, payment-track giants are moving in together—Visa expands its stablecoin settlement network, Meta uses USDC to pay creators, and Western Union pushes stablecoin cards for Solana.