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 North America news
Stories 4
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ETF
Over $1B in Bitcoin liquidity evaporated as the Wall Street feedback loop looks to wipe out gains
As major funds dump holdings, a thin order book means every dollar of selling is now significantly more destructive.

Analysis
Bitcoin hits Federal Reserve’s 2026 stress tests, creating a massive capital risk for banks
With IBIT near $70B and G-SIB broker-dealers acting as authorized participants, margin and liquidity shocks get harder to dismiss.

Regulation
One government crypto alliance just imploded, leaving these high-stakes developer protections in limbo
John Boozman’s updated draft quietly pulls ‘meme coins’ into CFTC turf... unless regulators carve them out later.






















