The Valley After the Peak: Why Circle’s USDC Empire Faces a Covenant Crisis
We built not for the peak, but for the valley. When Heath Tarbert, Circle’s...
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Fear
Market Sentiment
92 million ARB released
Block reward reduced to 3.125 BTC
Independent validator client goes live on mainnet
Block reward halving event
Improves data availability sampling efficiency
Circulating supply increases by about 2%
Raises validator limit and account abstraction
Team and early investor shares released
Bitcoin Season
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