The $10B Compute Mirage: Why Meta-Anthropic Deal Exposes the Valuation House of Cards
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Fear
Market Sentiment
Team and early investor shares released
Block reward reduced to 3.125 BTC
92 million ARB released
Improves data availability sampling efficiency
Raises validator limit and account abstraction
Circulating supply increases by about 2%
Independent validator client goes live on mainnet
Block reward halving event
Bitcoin Season