The Strait of Hormuz Is Now a Macro Trade: Iran's "Condition List" and the Crypto Market's Hidden Energy Exposure
Date: May 12, 2026 By: Matthew White, Web3 Research Partner Hook: When...
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Greed
Market Sentiment
Improves data availability sampling efficiency
Independent validator client goes live on mainnet
Block reward halving event
Block reward reduced to 3.125 BTC
Raises validator limit and account abstraction
Team and early investor shares released
92 million ARB released
Circulating supply increases by about 2%
Bitcoin Season
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