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Meilin (美林 / 美琳)
Mid-term intelligence report!
ETH and ZEC intelligence are in place, with risks and hotspots coexisting.
$ETH fundamentals sounding the alarm: Vitalik defines it as a store of value, but fee burning only offsets 3% of issuance, and L1 revenue has plummeted 99%. Spot ETFs have seen outflows for six consecutive weeks, supply has increased by over 1 million, foundation sell pressure combined with upgraded vulnerability delays, showing clear weakness.
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