The following crypto news is more worth your attention than the next 100x coin. October 1: The SEC proposed new rules for crypto asset custody by investment advisors and funds. It's currently just a proposal and hasn't taken effect yet. October 2: The Independent Community Bankers of America filed a lawsuit against the OCC, challenging its practice of granting national trust bank licenses to crypto companies. The lawsuit has been filed, but the outcome is still uncertain. On October 1, Reuters cited FT reporting that EU regulators are reviewing Binance's use of the 'reverse solicitation' exemption to continue serving EU users. Binance stated it complies with applicable rules and is working to secure MiCA authorization. Binance announced adjustments to collateral rates and leverage parameters for certain assets on October 2. Unified account users are reminded to monitor their margin maintenance ratio. Account risks are influenced not only by price but also by platform parameters. My take: These four events all revolve around how funds are managed, what gives platforms the right to operate, and who bears the risk. Bullish or bearish arguments can be debated, but first, distinguish between proposals, lawsuits, inquiries, and execution. When trading, one of the most expensive mistakes is treating a news headline as the final outcome. @binance @SECGov