COINUSDT Falls 5.81% This Week as SEC Custody Rule Talk Builds: 26 of 34 Weeks Were Stronger
Talk around the SEC's proposed crypto custody rule is building.
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Three tickers, two directions in one week
Through 2026-10-04, COINUSDT moved from 196 USDT to 184.61 USDT, a 5.81% decline for the week. HOODUSDT went from 118.95 USDT to 113.28 USDT, down 4.77%. MSTRUSDT went from 160.93 USDT to 162.89 USDT, up 1.22%. All three are US-equity USDT-margined perpetual contracts on Binance; COINUSDT and MSTRUSDT listed on 2026-02-09, HOODUSDT on 2026-02-02. Against their own weekly samples, 26 of COINUSDT's 34 weeks were stronger than this one, 25 of HOODUSDT's 35 weeks were stronger, and 15 of MSTRUSDT's 34 weeks were stronger.
The days that mattered
| Date | COINUSDT open/close | COINUSDT change | HOODUSDT open/close | HOODUSDT change | MSTRUSDT open/close | MSTRUSDT change |
|---|---|---|---|---|---|---|
| 2026-09-26 | 195.26 / 197.11 | 0.95% | 119.06 / 119.1 | 0.03% | 159.2 / 160.41 | 0.76% |
| 2026-09-27 | 197.09 / 195.99 | -0.56% | 119.1 / 118.94 | -0.13% | 160.41 / 160.93 | 0.32% |
| 2026-09-28 | 196 / 192.8 | -1.63% | 118.95 / 116.23 | -2.29% | 160.93 / 157.36 | -2.22% |
| 2026-09-29 | 192.81 / 190.46 | -1.22% | 116.23 / 117.56 | 1.14% | 157.37 / 155.93 | -0.92% |
| 2026-09-30 | 190.47 / 186.7 | -1.98% | 117.56 / 113.11 | -3.79% | 155.93 / 153.44 | -1.6% |
| 2026-10-01 | 186.69 / 189.99 | 1.77% | 113.09 / 111.67 | -1.26% | 153.43 / 161.22 | 5.08% |
| 2026-10-02 | 189.98 / 183.31 | -3.51% | 111.65 / 112.93 | 1.15% | 161.23 / 160.34 | -0.55% |
| 2026-10-03 | 183.33 / 184.61 | 0.7% | 112.93 / 113.28 | 0.31% | 160.35 / 162.89 | 1.58% |
2026-09-30 was the one day all three moved the same way: COINUSDT -1.98%, HOODUSDT -3.79%, MSTRUSDT -1.6%. On 2026-10-01 MSTRUSDT jumped from 153.43 USDT to 161.22 USDT, up 5.08%, while HOODUSDT slipped from 113.09 USDT to 111.67 USDT, down 1.26%. On 2026-10-02 COINUSDT dropped from 189.98 USDT to 183.31 USDT, down 3.51%, the heaviest single day of the week for the group, while HOODUSDT rose 1.15%.
Where this week sits in the sample
COINUSDT's strongest weeks include 26.18% on 2026-08-17, 21.42% on 2026-04-13, 17.05% on 2026-06-29, 13.64% on 2026-09-14, 9.63% on 2026-03-02 and 9.05% on 2026-03-30. HOODUSDT's leaders are 30.66% on 2026-04-13, 27.52% on 2026-05-25, 20.61% on 2026-08-31, 15.91% on 2026-06-29, 14.93% on 2026-06-08 and 13.99% on 2026-08-17. MSTRUSDT's include 30.27% on 2026-06-29, 28.64% on 2026-08-17, 28.39% on 2026-04-13, 21.61% on 2026-09-14 and 15.05% on 2026-08-31. This week's 1.22% for MSTRUSDT ranks best of the three; COINUSDT's 5.81% decline and HOODUSDT's 4.77% decline sit far down their samples.
What the trending posts say
Trending posts on Square argue that the SEC's proposed crypto custody rule is a positive thread for compliant custody and crypto trading platform names, on the logic that clearer rules bring more assets into regulated channels (paraphrased, not this site's view). Other posts caution that the path from discussion to final rule is long and any wording change can reprice expectations. Some posts group COINUSDT and HOODUSDT together, though their business mixes differ. These remain opinions, and they do not match this week's actual moves.
Three plain facts
Gaps are more visible on US-equity perpetuals because the underlying cash market closes while the contract keeps trading. High leverage magnifies those gaps, and a single 3.51% day can matter more than directional conviction. Funding fees accrue on perpetual positions, and the best weeks in any sample are only obvious in hindsight.
On fees
Binance contract default maker fee is 0.02% and default taker fee is 0.05%. The rebate ratio is 20%, bringing the effective maker fee to 0.016% and the effective taker fee to 0.04%. These figures are fixed and unrelated to price moves.
Source: https://fapi.binance.com/fapi/v1/exchangeInfo
Data as of 2026-10-04; source: Binance official API. Not investment advice.
Related Articles
Binance is not available in your region. What follows is not a centralized exchange โ it is a different kind of product that you can use:
๐ Binance Web3
A self-custody wallet inside the Binance app; swaps route through on-chain DEX aggregation, not an exchange account
Bind via our link and wallet swap fees drop 30%. On-chain gas and slippage are not covered by the discount.
You must already be a verified Binance user to create a Binance Wallet (official FAQ Q13); wallet referrals and exchange referrals are two separate systems. Zero-fee pairs such as stablecoin swaps generate no rebatable fee.