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
Coverage footprint 0.0%
Macro
A sudden $13.5 billion Fed liquidity injection exposes a crack in the dollar that Bitcoin was built for
Dollar funding shifted at the margin this week, and Bitcoin is the asset that feels the margin first.

Analysis
Corporate Bitcoin portfolios are hiding a massive liability crisis that triggered an average 27% crash last month
Bitcoin on the books means little when the debt behind it runs heavier.

DeFi
Citadel pushes SEC to classify open-source developers as unregistered stockbrokers – Uniswap fires back
Citadel's Dec. 2 filing urges the SEC not to grant broad exemptions for tokenized-equity trading on DeFi, Hayden Adams says TradFi is coming for open-source builders.






















