Tokenized Deposits Are a Moat, Not a Bridge: Reading the Bank–Stablecoin Standoff
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Neutral
Market Sentiment
Block reward halving event
Raises validator limit and account abstraction
Improves data availability sampling efficiency
92 million ARB released
Circulating supply increases by about 2%
Block reward reduced to 3.125 BTC
Team and early investor shares released
Independent validator client goes live on mainnet
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Bitcoin Season