According to Beating AI News, recently, paid users of ChatGPT discovered that even when they selected the GPT-5.6 Sol Thinking or Pro version, the response speed suddenly increased while the quality decreased. After analyzing network requests, it was found that the frontend was requesting GPT-5.6, but the server was actually returning gpt-5-5-mini.

Adam Fry, product lead for OpenAI ChatGPT, has confirmed that this was a routing bug. Approximately 3% of Pro and Thinking requests were incorrectly redirected to GPT-5.5-mini, which has now been fixed.

According to BlockBeats, on August 26, the U.S. Securities and Exchange Commission (SEC) announced on August 18 a proposed rule for "Regulation Crypto Assets," which sets two exemptions for certain investment contracts involving crypto assets: first, allowing startups to raise up to $5 million in a single round within four years; and second, allowing eligible issuers to raise up to $75 million in any 12-month period, with the possibility of raising further rounds in subsequent years.

Drew Hinkes, a partner at Winston & Strawn, stated that theoretically, a project can raise $75 million every 12 months, provided each funding round is indeed a separate offering. However, Lilya Tessler, head of fintech and blockchain at Sidley, pointed out that subsequent funding is not automatically approved. Issuers must resubmit their offering prospectus, undergo review by SEC staff, and continuously submit annual and semi-annual reports, while disclosing funds raised through this exemption in the past 12 months to confirm that the limit has not been exceeded.

The proposed rules also limit the participation of non-accredited investors, stipulating that their purchases cannot exceed 10% of the higher of their personal income or net worth. Lee Reiners, a financial regulatory expert at Duke University, believes that limited initial allocations may make early token offerings more attractive, but the rules are unlikely to replicate the ICO boom of 2017. The previous round of ICOs already impacted investor confidence; as many as 90% of projects that raised funds through ICOs between 2017 and 2019 ultimately failed.

The SEC estimates that approximately 130 issuances annually will utilize the two exemptions mentioned above, and about 475 issuers may use the broader safe harbor of investment contracts. The new rules will provide token issuers with a clearer path to U.S. financing than the current system, but a gray area regarding the security attributes of secondary market transactions may still exist.

The proposal stipulates that investment contracts related to crypto assets may continue to transfer with the token in secondary market transactions until the asset is separated from the issuer's statements or commitments. Hinkes stated that if a non-security token transfers an investment contract from a seller to a buyer, the transaction may still be considered a security transaction and impact trading platforms. Reiners also warned that some issuers may meet the formal requirements for exemption but still influence token value through team management efforts, insider concentration of holdings, and aggressive promotion.