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After Anthropic disrupted IBM, OpenAI also posted a near-perfect score in COBOL migration.

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Beating AI Express: In February this year, after Anthropic demonstrated Claude Code’s capability to modernize legacy COBOL systems, IBM’s stock price plummeted 13.2% in a single day. Eight months later, OpenAI released its latest results for the GPT-6 series on legacy programming languages, with a maximum success rate of 97.9% in COBOL code migration tests. COBOL, created in the 1950s, remains widely used in banking transactions, ATMs, and insurance systems. Many programs have operated for decades, their original developers long departed, and some business rules exist only within the code itself. Rewriting these into modern languages requires not just making the code run, but also ensuring fully consistent calculation results. For instance, COBOL’s fixed-point arithmetic discards excess decimal places unless explicitly ordered to round; a new program using rounding instead could lead to financial account errors. OpenAI specifically tested AI’s ability to convert COBOL programs to languages including C++, Java, Python, and Rust, requiring byte-for-byte identical output between the old and new programs. GPT-6.1 Sol achieved an 86.6% success rate at low inference settings, compared to just 5.4% for the previous GPT-5.6 Sol, with an estimated API cost reduction of 39%. Success rates climbed further to 97.9% when increasing inference settings. OpenAI also open-sourced MultiLangBench, which tasked AI with building SQLite-compatible database engines from scratch in 20 different programming languages. GPT-6 Astra posted an average test pass rate of 87.4%, versus 26.8% for GPT-5.6 Sol. Between the two models, their scores on COBOL were 72.1% and 10.9% respectively – COBOL ranks as the most challenging of the 20 tested languages.

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Six crypto whales are waiting for HYPE's price correction, placing $11 million in buy orders at lower price points.

According to TradingBeats monitoring, HYPE is trading at approximately $78.95. Below the $74.165–$77.521 range, six addresses hold 204 regular buy orders totaling around 150,100 HYPE, valued at roughly $11.319 million, or 1.8% to 6.1% lower than the current price. The six addresses include five regular accounts and one strategy treasury, with order distributions as follows: - $74.75–$77.521: ~$3.261 million. The corresponding account already holds a HYPE long position and plans to add to it (0x389b…). - $75.75: ~$3.1 million. The corresponding account currently has no HYPE position and is waiting for a pullback to open a long position (0xbd33…). - $74.22 and $75.26: Total ~$2.813 million. Both accounts currently hold only 0.01 HYPE each, near zero positions; the related buy orders are for re-establishing long positions (0xafe4…, 0x6cb9…). - $76–$77.5: ~$1.026 million. From a strategy treasury that already holds a HYPE long position, it plans to add to its position (0xca23…). - $74.165–$74.959: ~$1.118 million. The corresponding account currently has no HYPE position and is waiting for a pullback to open a long position (0x90db…). Notably, the order timing and amount ratios of 0xafe4 and 0x6cb9 are highly synchronized.

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Robinhood CEO Follows Meme Coin Account on X, Corresponding Token Surges Over 17x in Short Time

Robinhood CEO Vlad Tenev followed the meme coin account Giga Tenev X, which may have driven its price movement. Per GMGN data, GIGATENEV rallied 17 times in a short period, with its current market cap standing at $5.26 million. It should be noted that the token was not issued via mainstream platforms. Prior analysis pointed out that most of the token was purchased by newly created wallets, and there is a possibility that Tenev’s account follow was a result of a hack. As such, the token poses considerable risks, and users should exercise caution when investing in it.

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Hong Kong-listed large model giants both fall, Zhipu AI drops nearly 7%

According to Bitget's market data, the two leading Hong Kong-listed large language model stocks both declined: Zhipu AI fell 6.76%, with its current share price at HK$483.2; MINIMAX-W dropped 6.64%.

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As NVIDIA GTC draws near, a large crypto whale has opened a new short position worth $12.61 million in NVDA.

Nvidia’s GTC Berlin conference will be held from October 20 to 22. Jensen Huang is scheduled to deliver a keynote speech from 17:00 to 19:00 Beijing time. Earlier, Nvidia announced plans to invest in four German startups as part of its nearly $10 billion European investment commitment. According to TradingBeats’ monitoring, against this backdrop, a crypto whale opened a large short position with an average entry price of $218.078. The current position is valued at approximately $12.61 million, with an unrealized profit of around $86,600 (0x4e23).

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The French Prime Minister: Curfews will be imposed wherever necessary tonight.

French Prime Minister stated that a curfew will be implemented tonight wherever necessary, in response to recent riots across various regions.

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Bitcoin's volatility has contracted to an extreme level unseen in nearly two and a half years, and the cryptocurrency is poised for sharp price swings.

According to Barchart, Bitcoin's daily Bollinger Bands have formed one of the narrowest widths in the past two and a half years. This indicates Bitcoin is in a "consolidation tightening" phase, possibly preparing for a major price move. BlockBeats Note: Bollinger Bands are a commonly used technical analysis indicator consisting of three lines: the middle band, typically a 20-day simple moving average (SMA); the upper band (middle band + 2 times standard deviation); the lower band (middle band - 2 times standard deviation). Historical experience shows that after Bollinger Bands tighten significantly, a directional breakout (either upward or downward) often follows. It is common for volatility to expand suddenly from an extremely low state.

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