The week of July 1, 2025, brings pivotal developments across the cryptocurrency landscape — from major token mergers and network upgrades to critical regulatory milestones. Investors and participants should prepare for heightened market volatility and strategic opportunities as key projects execute long-anticipated plans.
This comprehensive preview covers essential events, token unlocks, governance decisions, and technological upgrades shaping the blockchain ecosystem this week.
Key Highlights This Week
- ASI token merger begins, consolidating FET, AGIX, and OCEAN into a unified Artificial Superintelligence ecosystem.
- Ethereum spot ETF approval may arrive as early as July 4, marking a potential watershed moment for crypto adoption.
- Scroll’s Curie upgrade launches on July 3, introducing data availability compression to reduce L1 gas costs.
- Multiple high-profile token unlocks across SUI, IO, DYDX, and others could impact short-term price action.
- Blast’s leveraged trading protocol Particle launches its TGE on July 2.
👉 Discover how major crypto developments can create new trading opportunities.
July 1: Token Mergers, Exchange Updates & Major Unlocks
Binance Delists FET, OCEAN, AGIX Ahead of ASI Merger
Binance will cease trading and delist all existing FET, OCEAN, and AGIX spot pairs on July 1 at 11:00 AM (UTC+8). This action supports the official merger into the new Artificial Superintelligence (ASI) token.
Users can expect the following conversion rates:
- 1 FET = 1 ASI
- 1 OCEAN = 0.433226 ASI
- 1 AGIX = 0.433350 ASI
Trading for ASI/BNB, ASI/BTC, ASI/USDT, and other major pairs will go live on July 5 at 4:00 PM (UTC+8).
The migration process begins with AGIX and OCEAN being converted to FET via the SingularityDAO dApp, before all FET tokens are ultimately transformed into ASI. During this transition, FET deposits and withdrawals remain active.
Uphold Restricts Stablecoin Support Due to MiCA Regulations
In response to the European Economic Area’s (EEA) implementation of the Markets in Crypto-Assets (MiCA) regulation, Uphold has suspended support for several stablecoins effective July 1.
Affected assets include:
- USDT (Tether)
- DAI
- FRAX
- GUSD
- USDP
- TUSD
Holders were advised to manually convert their balances before June 27, or face automatic conversion to USDC by June 28.
This move reflects growing regulatory alignment among exchanges operating in Europe, emphasizing compliance over convenience.
Project Launches and Network Upgrades
ETHFI DAO Season 3 Begins
The ether.fi ecosystem kicks off Season 3 on July 1, rewarding loyal stakers with a 25 million ETHFI airdrop. Distribution will be based on community engagement metrics and participation levels.
A new incentive framework called Perks Passport will track user activity across DeFi actions, helping users earn loyalty points and unlock exclusive benefits.
WEMIX Implements Brioche Hard Fork
South Korean gaming blockchain WEMIX activates its Brioche hard fork, reducing total token supply by 60% — from 980 million to 588 million WEMIX. Approximately 435 million WEMIX tokens held by the foundation will be burned.
The upgrade enhances WEMIX PLAY and integrates blockchain technology into the game Legend of YMIR, signaling a stronger focus on sustainable tokenomics and in-game utility.
Aleo Launches Testnet Beta Incentive Program
Privacy-focused layer-1 network Aleo launches its final testnet incentive program from July 1–15, rewarding validators with up to 1 million mainnet credits. Participants must run proof-of-work validators during the period to qualify.
Minimum reward: 1,000 mainnet credits. Rewards scale proportionally with testnet points earned.
Opyn Markets Landing Page Goes Live
DeFi innovator Opyn launches the landing page for Opyn Markets, its upcoming perpetuals protocol. The platform will support linear, stable, and option-like perpetual contracts on any asset — expanding access to advanced derivatives in a decentralized environment.
Governance Vote: MerlinSwap Airdrop Proposal Closes
MerlinSwap’s second-phase airdrop proposal concludes voting on July 1. If passed, 2% of total MP supply (420 million tokens) will be distributed as follows:
- 20% to IDO participants
- 20% to users who bought over $100 worth of MP
- 60% to esMP supporters (stakers and boosters prioritized)
This vote shapes long-term community incentives within the Merlin ecosystem.
Notable Token Unlocks – July 1
| Project | Tokens Unlocked | % of Circulating Supply | Value (Est.) |
|---|---|---|---|
| SUI | ~64.19M | 2.65% | $50.7M |
| IO | ~7.5M | 7.89% | $24M |
| DYDX | ~8.33M | 3.12% | $11.3M |
| MAV | ~36.4M | 14.56% | $9.6M |
| ZETA | ~5.29M | 1.92% | $4.2M |
| MANTA | ~1.87M | 0.57% | $1.85M |
| ACA | ~27.43M | 2.69% | $1.85M |
High unlock volumes — especially for MAV (14.56%) — may exert downward pressure on prices due to potential sell-offs.
July 2: Particle TGE Kicks Off Blast Ecosystem Expansion
Particle Launches with Major Token Allocation
Leveraged trading protocol Particle, built on the Blast ecosystem, holds its Token Generation Event (TGE) on July 2 at 6:00 PM (UTC+8).
Key details:
- Max supply: 200 million PTC
- Community: 55%
- Contributors: 21%
- Investors: 24%
- Initial airdrop: 20 million PTC (vested over 24 months)
- Contributor & investor tokens locked for 6 months
With yield-bearing leverage gaining traction, Particle aims to capture demand from power users seeking enhanced capital efficiency.
👉 Explore platforms enabling next-gen DeFi strategies like leveraged yield farming.
July 3: Scroll and Ronin Upgrade Networks
Scroll Implements Curie Upgrade
Ethereum Layer 2 Scroll executes its Curie upgrade, introducing data availability (DA) compression to shrink calldata posted to Ethereum mainnet — cutting gas fees by up to 50%.
New features:
- Support for EIP-1559 and EIP-2930 transactions
- Improved fee market mechanics for more predictable pricing
This upgrade strengthens Scroll’s position among zkEVM competitors by enhancing scalability and user affordability.
Ronin Completes Goda Upgrade
Gaming-focused sidechain Ronin activates the Goda hard fork at block 36,052,600 (~3:00 PM UTC+8). It includes two sub-forks:
- Trippp: Allows all validators to earn daily block production rewards
- Aaron: Introduces upgradable smart contracts for Axie and Land systems
These changes improve decentralization and future-proof core game infrastructure.
July 4: Regulatory Crossroads – Ethereum ETF Decision Looms
SEC May Approve Ethereum Spot ETF
According to sources cited by Reuters, the U.S. Securities and Exchange Commission (SEC) could approve one or more spot Ethereum ETFs as early as July 4.
Eight firms — including BlackRock, VanEck, Grayscale, and Franklin Templeton — are in final negotiations. Legal teams report only “minor issues” remain, with filings nearing completion.
Bloomberg analyst Eric Balchunas maintains his forecast for approval by early July, while The ETF Store president believes a launch before Independence Day is feasible.
Such approval would validate Ethereum’s status as a commodity and open floodgates for institutional capital.
UK Holds General Election – Crypto Policy at Stake
The United Kingdom holds a general election on July 4, with polls favoring the opposition Labour Party over the pro-crypto Conservative government.
While Conservatives championed plans to make the UK a global crypto hub, Labour has not released formal digital asset policies but expressed interest in becoming a “tokenization center” and backing the digital pound initiative.
Market watchers are assessing how a Labour victory might reshape the nation’s fintech trajectory.
Wormhole Airdrop Deadline
Wormhole’s W token airdrop claim window closes on July 4 at 7:59 AM (UTC+8). Users who haven’t claimed must act before the deadline or forfeit eligibility.
July 5: Airdrop Deadlines & Final Unlocks
TAIKO Airdrop Phase 1 Ends
Eligible participants in the Taiko ecosystem — including bridge users, developers, proposers, and Loopring community members — must claim their share of 50 million TAIKO tokens (5% of initial supply) by July 5.
Claimants need minimal ETH on Taiko to cover gas fees before connecting their wallets via the official portal.
Sui Foundation Research Grant Deadline
Sui Foundation closes submissions for its fifth round of academic research grants on July 5. With $1 million allocated in 2024, these awards drive innovation in consensus algorithms, scalability, and formal verification.
July 7: Final Weekly Unlocks
- ENA (Ethena): ~14.89M tokens unlocked (~0.92%, $7.6M)
- HFT (Hashflow): ~13.62M tokens unlocked (~3.28%, $2.8M)
Though modest in percentage terms, ENA’s unlock remains notable given its role in synthetic dollar mechanisms.
Frequently Asked Questions (FAQ)
Will the Ethereum spot ETF approval affect ETH price?
Historically, Bitcoin ETF approvals triggered significant price rallies. While Ethereum fundamentals differ, approval could lead to substantial inflows from institutional investors, potentially boosting ETH valuation in Q3 2025.
How does the ASI merger impact FET, AGIX, and OCEAN holders?
Holders retain value through fixed conversion ratios. After merging into FET temporarily, all tokens will transition to ASI. Long-term value depends on successful integration and adoption of the unified AI-blockchain platform.
What risks come with large token unlocks?
High unlock volumes often lead to short-term selling pressure, especially when vested teams or early investors gain liquidity. However, if project fundamentals are strong and market sentiment positive, impacts may be muted.
Is reduced DYDX unlocking bullish?
Yes. With monthly unlocks dropping from 33M to 8.3M DYDX (-75%), inflationary pressure decreases significantly — potentially supporting price stability or appreciation if demand holds.
How do network upgrades like Scroll’s Curie benefit users?
Lower gas fees and improved transaction efficiency enhance user experience and encourage broader dApp adoption — especially for retail participants sensitive to cost.
What should I do if I missed an airdrop deadline?
Unfortunately, most airdrops are non-recoverable after deadlines. Always monitor official project channels and use tracking tools to avoid missing future opportunities.
👉 Stay ahead of crypto events and maximize your investment strategy with real-time market insights.