The Narrative Stress Test: Alphabet’s $190B AI Bet and the Ghost of Profit Conversion
Hook The market is holding its breath for Alphabet’s Q2 earnings, but the...
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Fear
Market Sentiment
Team and early investor shares released
Block reward reduced to 3.125 BTC
Improves data availability sampling efficiency
92 million ARB released
Circulating supply increases by about 2%
Block reward halving event
Raises validator limit and account abstraction
Independent validator client goes live on mainnet
Bitcoin Season
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