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
Bitcoin ETFs share a terrifying “single point of failure” that could freeze 85% of global assets
SEC’s new generic standards set the stage for a product flood. Here’s how APs, custody, borrow, and spreads will cope, and which ETFs may close first.

Analysis
New SEC rules lets Morgan Stanley, Goldman Sach legally “control” your private keys without the safety net you assume exists
Regulators just quietly removed the primary "safe harbor" requirement, allowing banks to claim custody of your assets through paperwork rather than physical possession.

Banking
Washington has started the clock on bank-issued crypto dollars, and the timeline contains a 2026 Bitcoin surprise
Vanguard and BofA open wealth channels in January as the FDIC kicks off GENIUS Act rulemaking.






















