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 
Ethereum News
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ETF
BlackRock’s new product just made Ethereum income impossible to ignore
BlackRock may have just reopened the case for earning yield in crypto, reframing ETH as yield plus price exposure.

Crypto
Bloomberg analyst calls July 18 ‘best guess’ for ETH ETF launch amidst S-1 amendments
The amendments add minor updates around fee waivers and seed transactions.

Analysis
Tether 24 hour trading volume surpasses Bitcoin, Solana, USDC and Ethereum combined
Tether's peak volumes reached $130 billion in 2024, reflecting robust market demand.























