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 
Coinbase News
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Analysis
Coinbase’s $70B Bitcoin move made it look like investors were selling — but no one actually did
Bitcoin traders often treat old-coin movement as a sign that long-term holders are waking up. Coinbase’s $69.5 billion BTC migration suggests that signal may be less reliable than it looks.

Mining
Hut 8 expands borrowing capacity with Coinbase to $65 million, acquires natural gas power plants
Hut 8 also obtained court approval to acquire four natural gas power plants in Ontario, Canada.

Alpha
The Coinbase premium is increasing ahead of the ETF
The price gap between Coinbase and Binance is closing as the approval of the first spot Bitcoin ETF approaches.
























