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