Rumors of Bybit's acquisition confirmed, Coinbase helps with compliance to enter the U.S. OKB takes advantage of the momentum to catch up, narrative spreads. Seniors already backed by ICE investment, juniors follow suit. The essence of investing is eliminating mistakes: offshore arbitrage is getting harder, compliance is the long-term path. Three stages of the crypto world: easy to enter, hard to leave, only after truly leaving do you realize the joy within.