Some people without a lot of DeFi experience don't understand the value proposition of @berachain, @blast, and @lastdotnet that use new shared liquidity security mechanisms.
I was one of those people. I had never spent a ton of time in DeFi so this seemed like a cash grab.
👇

One kinda tough pill I've had to swallow recently is that it seems like a lot of CT has already made up its mind on how they'll perceive Berachain
According to many, we’re either another VC backed scam L1 that no one should care about and will eventually crumble, or a perhaps

Smokey The Bera 

Twitter

Alongside many other altcoins, ETH’s price continues to struggle, and its future now hinges on some critical support levels. If these key levels fail to hold, ETH could face a prolonged bearish period...

Ethereum (ETH) Could Soon Say Goodbye to the Bull Market

The first week of September 2024 saw altcoins struggle to achieve significant gains as the broader market stayed relatively quiet. However, a few assets from the top 100 by market capitalization manag...

Biggest Altcoin Gainers of the First Week of September 2024

Regarding US stocks and macroeconomics:
The theme of capital shifting from cyclical to defensive sectors has been the focus in the past few months, and in the recent earnings season, the profit growth of defensive companies has outpaced that of cyclical companies, verifying the previous judgments of investors. This theme of rotation is expected to continue...
Typically, when the economy weakens and the market yield declines, defensive stocks tend to outperform. Cyclical stocks are still relatively expensive and have room for further adjustment.
The blue line represents the interest rate expectations in the futures market, and the gap between it and the stock market performance reflects that although the stock market is currently performing strongly, the futures market's expectations show concerns about economic growth. Normally, such a gap...