# "Market Makers Have No Faith: Jane Street, 10 AM Crash, and the Truth About Liquidity" (Editor @estherinweb3)

Jane Street accounts for over 10% of trading volume in the US stock market, and alongside Citadel, belongs to the first-tier market makers, both utilizing automated market making. When the market is too bearish, everyone needs a scapegoat, and Jane Street is a convenient choice; the survival rules for market makers in a bear market are: first, some projects shorten their adjustment cycles; second, some proactively adjust strike prices; third, an increasing number of projects adopt monthly fee models; the simplest approach for the SEC or CFTC is to require participants to follow regulations more strictly, with greater disclosure responsibilities and sufficiently high penalties for violations—if suspicious behaviors like 10 AM crashes exist, with high violation costs, they won't dare to do it. Read the full article: