The Ghost in the Sovereign Bond Token: BitGo’s USDM1 and the Side-Channel of Institutional Inefficiency
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Fear
Market Sentiment
Independent validator client goes live on mainnet
Team and early investor shares released
Circulating supply increases by about 2%
92 million ARB released
Block reward halving event
Raises validator limit and account abstraction
Improves data availability sampling efficiency
Block reward reduced to 3.125 BTC
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