The Tax Break Reversal: A Policy Autopsy and the Misread DePIN Signal
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Fear
Market Sentiment
92 million ARB released
Improves data availability sampling efficiency
Block reward halving event
Raises validator limit and account abstraction
Circulating supply increases by about 2%
Independent validator client goes live on mainnet
Block reward reduced to 3.125 BTC
Team and early investor shares released
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Bitcoin Season