The Silent Bleed: How a 40% TVL Collapse Exposed a Governance Backdoor in Lending Protocol Splice
Hook: A 40% drop in Total Value Locked (TVL) over seven days. Splice, a...
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Fear
Market Sentiment
92 million ARB released
Independent validator client goes live on mainnet
Improves data availability sampling efficiency
Block reward reduced to 3.125 BTC
Block reward halving event
Circulating supply increases by about 2%
Raises validator limit and account abstraction
Team and early investor shares released
Bitcoin Season
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