The Incentive Reversal: When US States Stop Subsidizing the Machines That Mine Bitcoin
Hype fades; structure remains. The welcome mat is being withdrawn. Multiple...
Miners
•
Maxtoshi
•
2026-08-05
#Incentive
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Event Calendar
202610
05
upgrade
Ethereum Pectra Upgrade
Raises validator limit and account abstraction
08
04
upgrade
Solana Firedancer
Independent validator client goes live on mainnet
18
03
unlock
Sui Token Unlock
Team and early investor shares released
30
04
upgrade
Celestia Mainnet Upgrade
Improves data availability sampling efficiency
28
03
unlock
Arbitrum Token Unlock
92 million ARB released
15
04
halving
Bitcoin Halving
Block reward reduced to 3.125 BTC
12
05
halving
BCH Halving
Block reward halving event
22
03
unlock
Optimism Unlock
Circulating supply increases by about 2%
Tag Cloud
Tools
All →Altseason Index
40
Bitcoin Season
BTC Dominance
Altseason
Gas Tracker
Ethereum
28 Gwei
BNB Chain
3 Gwei
Polygon
42 Gwei
Arbitrum
0.5 Gwei
Optimism
0.3 Gwei
Market Cap
All →
1
Bitcoin
BTC
$81,099.1
1
Ethereum
ETH
$2,527
1
Solana
SOL
$104.32
1
BNB Chain
BNB
$718.8
1
XRP Ledger
XRP
$1.45
1
Dogecoin
DOGE
$0.0879
1
Cardano
ADA
$0.2233
1
Avalanche
AVAX
$7.5
1
Polkadot
DOT
$0.8765
1
Chainlink
LINK
$12.08
🐋 Whale Tracker
🟢
0x26fc...6294
2m ago
In
734 ETH
🟢
0xd927...a830
12m ago
In
33,031 BNB
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30m ago
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45,079 SOL
💡 Smart Money
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Institutional Custody
+$4.9M
60%