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BREAD | ∑:·2025-09-28 13:59

Market Trends & Dynamics - The document highlights a concern regarding the disconnect between value creation for $ETH/Ethereum and mere hype or psychological operations (psyop) [1] - It questions the association of Ethereum with HyperLiquid, implying a potential misalignment or overstatement of Ethereum's capabilities or relevance [1] Potential Risks & Concerns - The report suggests that efforts to portray every EVM (Ethereum Virtual Machine) implementation as beneficial to Ethereum may have adverse downstream effects [1] - This approach could lead to a disjointed perception of what truly contributes value to the Ethereum ecosystem [1]