Gradual Tightening Is a Longer Sentence: What Kashkari's July 31 Path Means for On-Chain Liquidity
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Fear
Market Sentiment
Circulating supply increases by about 2%
Independent validator client goes live on mainnet
92 million ARB released
Raises validator limit and account abstraction
Block reward halving event
Improves data availability sampling efficiency
Block reward reduced to 3.125 BTC
Team and early investor shares released
Bitcoin Season