As Sam Bankman-Fried goes on trial for the crypto world’s biggest alleged fraud, liquidity in the digital asset market is still only half of what it was before his FTX trading platform collapsed almost a year ago. The sudden drop in liquidity was dubbed the “Alameda Gap” in November by blockchain-data firm Kaiko. Alameda Research was the trading arm of Bankman-Fried’s failed digital empire. The lingering effect is largely a result of the huge losses that market makers incurred after the meltdown, researchers at Kaiko wrote in an report Tuesday. Many traders and market makers either kept significant funds on the ... (full story)