Just caught wind that Portofino, one of the bigger market makers in crypto, is going through another round of layoffs. Apparently staff departures have been picking up lately, which is pretty telling about what's happening in the MM space right now. Heard Leonard Lancia and some other key people might be affected or already bouncing. Makes you wonder if the market maker game is getting tougher or if Portofino's just hitting some rough patches. Either way, when these kinds of firms start losing people, it usually signals something's shifting in the backend infrastructure. Anyone else following what's going on there? Seems like there's more to this story than just normal turnover.

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