The $50M Nuclear IPO Withdrawal Is a Capital-Structure Signal, Not a Sector Verdict
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Fear
Market Sentiment
Block reward halving event
Team and early investor shares released
Independent validator client goes live on mainnet
Block reward reduced to 3.125 BTC
92 million ARB released
Raises validator limit and account abstraction
Improves data availability sampling efficiency
Circulating supply increases by about 2%
Bitcoin Season