In this week's episode, sprocket888 is joined by viperxl007. First up, they touch on some updates in the crypto regulation space. There have been two notable court cases. The first case was about the risk of participating in a DEX. The takeaway from this case is that the judge ruled that there is insufficient guidance when ruling on DEXs. The second case, which was a bit bigger, found that the SEC rejection of a spot ETF needed to be more consistent, and the rejection was considered NULL. It is forcing the SEC to reevaluate the application. After the news updates sprocket and viper look at getting a crypto trading bot going. This bot is based on an open-source project called Hummingbot. The episode is intended to be an introduction to the possible things with the bot. sprocket888 has more work to do as he is only just learning. This bot hits on one of the core principles sprocket likes to trade. That is delta neutrality or risk aversion while maintaining profitable gains in a high probabilistic manner.

• 00:00 Disclaimer
• 00:17 Intro
• 02:38 Regulation on crypto, the door slowly creaking more open
• 03:56 Court case on DEX claims DISMISSED!
• 07:44 Greyscale SPOT ETF application MUST be reconsidered
• 12:00 The floodgates of market participation will eventually break open
• 14:40 Market Making at the 50k ft view
• 18:59 Multiple strategies markets leverage to attract liquidity
• 20:35 Market Making should be a neutral strategy
• 22:30 Looking at the exchange and the spread our bot will be participating in
• 26:02 Arbitrage between exchanges is a thing, but it is not what we are covering today
• 27:07 Hummingbot: An open-source project for crypto trading bots
• 29:26 Pulling down hummingbot to use
• 31:31 Starting up the hummingbot
• 39:27 Connect the bot to the DEX via the gateway
• 43:29 Ready to run a strategy on hummingbot now that all is connected
• 49:18 Exchanges need Market Makers to create a good experience for participants
• 51:14 Conclusion: Hummingbot can help create a neutral strategy that can pay in rewards
• 54:07 Outro

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