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 Derivatives News
Coverage of crypto derivatives, options, and futures driving market sophistication.
Stories 382
Coverage footprint 1.5%
ETF
The SEC just gave Cardano a 75-day shortcut to a spot ETF that took Bitcoin 240 days
Watch open interest and basis tightness as issuers prep S-1s to move the moment the six month threshold clears.

Analysis
Exchanges wipe out $2 billion overnight as Bitcoin breaks to $81k — what today’s pain says about the next move
Bitcoin loses $85k support as extreme fear grips leveraged traders.

Crypto
Andrew Tate loses everything on Hyperliquid: Inside his leveraged crypto liquidation meltdown
Arkham’s ledger shows $727k in Hyperliquid deposits, $0 withdrawals, and even $75K in referral rewards churned.


















