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
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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.

ETF
Vanguard CEO to retire but firm unlikely to change anti-crypto stance
Vanguard's current CEO, Tim Buckley, is set to retire by the end of 2024.

ETF
Grayscale lobbying for regulatory approval of options for spot Bitcoin ETFs
Grayscale said that denial of options could unfairly discriminate against investors.























