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 
Gemini News
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TradFi
A toxic trend that suggests the IPO window is slamming shut for most crypto companies ignored Circle
Year-end scorecard: how the new public crypto cohort stacked up against Bitcoin and what it signals for 2026 risk appetite.

Regulation
Gemini, Coinbase near EU licenses as regulators clash over rapid approvals
Coinbase and Gemini's potential EU approval through MiCA intensifies debates on regulatory cohesion and competitive licensing environments.

Adoption
Just 216 Bitcoin holders own over 6 million BTC as market concentration grows
With exchanges and ETFs gaining dominance, Bitcoin's market dynamics lean towards centralization.




















