Part 1 Advanced The Market Maker’s Exchange Checklist (Liquidity, Latency, and Risk Controls) Market makers and HFT desks: evaluate exchanges on execution quality, liquidity, latency, fees, margin, and security — with a WhiteBIT walkthrough. Open guide 
Bitcoin News
Comprehensive coverage of Bitcoin markets, mining, halving cycles, and institutional adoption trends.
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Macro
White House admits Iran war burned equivalent of half the US Bitcoin reserve in 6 Days
Estimating the $13B in the US's Iran war spending in Bitcoin highlights BTC's potential as a hedge against military-driven inflation and fiscal strain.

Analysis
Bitcoin’s “permanent buyers” are starting to sell as debt and cash pressures mount
As treasury holders sell to cover debt and liquidity needs, one of Bitcoin’s strongest institutional narratives is starting to crack.

Analysis
Bitcoin derivatives flash warning as $46B market pulls back from Iran ceasefire rally
Stocks rallied on ceasefire hopes, but derivatives positioning shows traders reducing risk, not adding it.























