Market Makers

Zama

2026-07-23 23:46:34

Zama launches Confidential RFQ for private onchain trading on Ethereum

Zama said it has launched Confidential RFQ, a protocol designed for fully onchain, composable and private request-for-quote trading on Ethereum. The system is built to conceal trade size, the assets involved and trade direction, aiming at larger crypto transactions where information leakage can become costly. The protocol is currently in private testing and is scheduled for a public release in September. According to the announcement, Confidential RFQ uses a sealed-bid auction model that lets professional market makers compete to fill trades. Zama said the design is intended to address two issues often tied to institutional-sized block trades in crypto: maximal extractable value, or MEV, attacks, and privacy leakage. The company also said that all swap fees generated by the protocol will be used to buy back and burn the ZAMA token.

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Crossover Mar

2026-07-23 21:00:15

Crossover Markets Launches Disclosed Liquidity Model for Institutional Crypto ECN

Crossover Markets has introduced CROSSx Disclosed, letting institutions build custom liquidity pools with more than 30 OTC market makers while settling centrally through Ripple Prime and BitGo Prime.

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FBI

2026-07-23 19:50:15

FBI Fake Token Sting Puts NexFundAI Wash Trading Tactics Back in Focus

The FBI’s NexFundAI undercover operation is back in the spotlight after new posts detailed how agents used a real ERC-20 token to expose alleged wash trading and chart manipulation services.

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market makers

2026-07-23 18:10:16

BitMEX: October Crypto Crash Left Market Makers Holding the Bag, Liquidity at 2022 Lows

BitMEX's report reveals that the Oct. 10 crypto crash triggered $20 billion in liquidations, and auto-deleveraging forced market makers' hedge positions to close, leaving them with unhedged spot holdings and causing the worst liquidity since 2022.

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Hong Kong SFC

2026-07-23 08:55:14

Hong Kong SFC Opens Virtual Asset Margin Financing, Sets First Perpetuals Framework

Hong Kong’s SFC has allowed licensed virtual asset brokers to offer margin financing, introduced its first regulatory framework for perpetual contracts, and permitted affiliated market makers on licensed platforms under control measures.

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Robinhood Cry

2026-07-23 03:00:37

On-chain GME tokenized stock on Robinhood Crypto briefly traded at about a 10x premium

Market data on July 23 showed that trading activity in the GME Meme Token and the GME tokenized stock on Robinhood Crypto pushed the underlying liquidity pool sharply higher, sending the on-chain price of the tokenized stock to roughly 10 times the price of the real stock at one point. The move was tied to the small size of the relevant pool, which held only about $200,000 in liquidity, making it easier for heavy buying to push prices far away from the spot market. Mint and burn access for the GME tokenized stock is currently limited to Authorized Participants and market makers that have completed KYB verification. On-chain data also showed that the official mint address has been continuously issuing new tokens and adding liquidity to the market. The latest records indicated that new mint transactions were appearing almost every minute, as market makers worked to ease the premium and guide the tokenized stock price back toward its real-world reference value.

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Bitwise

2026-07-22 11:08:13

Bitwise Files Amended Hyperliquid ETF Prospectus: Adds Four Market Makers, Details Staking

Bitwise filed a second amendment for its spot Hyperliquid ETF on April 10, naming FalconX, Flowdesk, Nonco, and Wintermute as counterparties and finalizing a 0.67% fee with a staking component. Analyst Eric Balchunas says the inclusion of final details hints at an imminent launch.

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cryptocurrenc

2026-07-09 06:48:14

Tom Lee Says October Liquidation Event Still Haunts Crypto Markets

Fundstrat’s Tom Lee blames the Oct. 10 record $19B liquidation for crippling market makers and draining liquidity, arguing the crypto market may be only halfway through the deleveraging phase. He also reveals an exchange code error that briefly misquoted a stablecoin at $0.65.

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