The week of July 1, 2025, brings pivotal developments across the cryptocurrency landscape—from potential regulatory breakthroughs to major token mergers and network upgrades. Investors and participants should prepare for volatility and opportunity as key projects execute strategic milestones.
Key Events: July 1 – A Day of Transformation
July 1 marks a turning point for several major blockchain ecosystems, with critical upgrades, token migrations, and economic shifts set into motion.
ASI Token Merger Begins: The Rise of Artificial Superintelligence
The long-anticipated merger of Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) into a unified Artificial Superintelligence (ASI) token officially begins on July 1. In Phase One, AGIX and OCEAN will first be converted into FET tokens via the SingularityDAO dApp:
- 1 AGIX = 0.433350 FET
- 1 OCEAN = 0.433226 FET
Once consolidated under FET, all tokens will later convert 1:1 to ASI. This strategic consolidation aims to unify AI-focused blockchain projects under a single ecosystem, enhancing interoperability and scalability in decentralized artificial intelligence.
👉 Discover how AI-powered blockchains are reshaping the future of decentralized finance.
Major Token Unlocks: Market Impact Analysis
Several high-profile projects are scheduled to release substantial token volumes on July 1:
- SUI: ~64.19 million tokens unlocked (2.65% of circulating supply, ~$50.7M)
- IO: ~7.5 million tokens unlocked (7.89%, ~$24M)
- DYDX: ~8.33 million tokens unlocked (3.12%, ~$11.3M)
- MAV: ~36.4 million tokens unlocked (14.56%, ~$9.6M)
While these unlocks may pressure short-term prices, particularly for MAV and IO due to higher percentages, long-term sentiment remains tied to project fundamentals and adoption.
Exchange & Protocol Updates
Binance will delist FET, OCEAN, and AGIX spot trading pairs at 11:00 AM UTC+8, ahead of the ASI migration. ASI trading will go live on July 5 against major pairs including USDT, BTC, and BNB.
Meanwhile, Uphold discontinues support for multiple stablecoins—USDT, DAI, FRAX, GUSD, USDP, TUSD—due to MiCA regulations in the European Economic Area. Users are advised to convert holdings to USDC before deadlines to avoid forced conversions.
Project Launches & Governance
- ETHFI DAO launches Season 3 on July 1, with plans to distribute 25 million ETHFI tokens to stakers based on community engagement metrics.
- WEMIX executes its Brioche hard fork, reducing total token supply by 60% to 588 million and burning ~435 million WEMIX from the foundation reserve.
- Aleo rolls out its Testnet Beta Validator Incentive Program (July 1–15), rewarding participants with mainnet积分 based on testnet performance.
- Opyn Markets, a new perpetual contracts protocol supporting linear and options-like derivatives, launches its landing page.
Governance Vote: MerlinSwap Airdrop Proposal
MerlinSwap’s second-phase airdrop proposal concludes voting on July 1. If passed, 2% of total supply (420 million MP tokens) will be distributed as follows:
- 20% to IDO participants
- 20% to users who bought >$100 worth of MP
- 60% to esMP stakers and boosters (with higher weight)
This reflects growing emphasis on rewarding long-term ecosystem contributors.
July 2: Particle TGE and Exchange Adjustments
Blast ecosystem’s leveraged trading protocol Particle conducts its Token Generation Event (TGE) on July 2 at 6:00 PM UTC+8. The PTC token has a max supply of 200 million:
- 55% allocated to community
- 21% to contributors
- 24% to investors
An initial 20 million tokens will be airdropped with a 24-month linear vesting schedule. Contributor and investor portions are locked for six months.
On the exchange front, Binance updates its fiat liquidity provider program, introducing performance-based fee rebates starting July 2. The JPY market is now included, with weekly evaluations determining rebate eligibility.
July 3: Network Upgrades on Scroll and Ronin
Scroll’s Curie Upgrade: Cutting Gas Fees by 50%
Ethereum Layer 2 network Scroll implements the Curie upgrade on July 3, introducing data availability (DA) compression to reduce L1 DA costs. This innovation is expected to cut gas fees by up to 50%.
The upgrade also standardizes fee models using EIP-1559 and EIP-2930 transaction types, improving predictability for users.
Ronin’s Goda Upgrade: Enhanced Validator Rewards
Ronin Network executes its Goda hard fork at block 36,052,600 (~3:00 PM UTC+8). The upgrade includes:
- Trippp Fork: Enables daily block rewards for all validators
- Aaron Fork: Introduces upgradable smart contracts for Axie & Land
These changes aim to improve decentralization and developer flexibility within the Ronin gaming ecosystem.
July 4: Ethereum ETF Decision Day?
SEC Poised to Approve Spot Ethereum ETF
Multiple sources, including Reuters and Bloomberg analysts, suggest the U.S. Securities and Exchange Commission (SEC) could approve a spot Ethereum ETF as early as July 4. Asset managers like BlackRock, VanEck, Franklin Templeton, and Grayscale are in final negotiations.
Legal teams report only “minor issues” remain in filing amendments—indicating approval may come within days. If confirmed, this would mark a historic milestone for crypto adoption, mirroring Bitcoin ETF success.
“We’re down to final polishing,” said a lawyer involved in one application. “Approval could come any time in the next week.”
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UK General Election: Crypto Policy at a Crossroads
The UK holds a general election on July 4. While the incumbent Conservative Party champions crypto-friendly policies—aiming to make Britain a “global crypto hub”—current polls favor the Labour Party.
Though Labour hasn’t detailed crypto regulations, it supports tokenization and the Bank of England’s digital pound initiative. The outcome could shape Europe’s approach to digital asset regulation in the coming years.
Also on this date: Wormhole’s W token airdrop claim window closes at 07:59 AM Beijing time.
July 5: Final Airdrop Deadlines and Research Grants
TAIKO Airdrop Deadline
Eligible users—including bridge participants, developers, GitHub contributors, and Loopring community members—must claim 5% of initial TAIKO supply (~50 million tokens) by July 5. Claimants need minimal ETH on Taiko for gas fees.
Sui Foundation Academic Grants
Sui Foundation closes submissions for its fifth academic research grant round on July 5. With $1 million committed in 2024, the program funds cutting-edge blockchain research at top global institutions.
Additional Token Unlocks
- GAL: ~3 million tokens (~$6.6M)
- LQTY: ~657K tokens (~$560K)
- EUL: ~54K tokens (~$240K)
FAQ: Your Questions Answered
Q: What happens to my AGIX and OCEAN tokens during the ASI merger?
A: They’ll first convert to FET via SingularityDAO dApp using fixed ratios. Later, FET will convert 1:1 to ASI. Keep them in a self-custody wallet or exchange that supports the migration.
Q: Will the Ethereum ETF approval boost ETH price?
A: Historically, Bitcoin’s price rose after ETF approvals. While not guaranteed, institutional inflows from an ETH ETF could drive sustained demand.
Q: How does Scroll’s DA compression reduce gas fees?
A: By compressing transaction data before posting to Ethereum L1, Scroll lowers data costs—directly reducing user fees by up to half.
Q: Can I still claim the Wormhole W airdrop after July 4?
A: No. The claim window closes permanently at 07:59 AM Beijing time on July 4.
Q: Why did Uphold delist major stablecoins?
A: Due to MiCA regulations in Europe, Uphold streamlined its offerings. Users were encouraged to convert to USDC before automatic conversions occurred.
Q: Is Particle’s PTC token available for public sale?
A: There is no public sale mentioned; distribution focuses on community airdrops and early contributors with vesting periods.
Final Thoughts: A Week That Could Define Q3
From the potential approval of a spot Ethereum ETF to transformative token mergers and network optimizations, the week beginning July 1 is packed with catalysts that could shape market direction for months.
Core Keywords: Ethereum ETF, ASI token merger, token unlocks, Scroll upgrade, WEMIX burn, Particle TGE, Ronin hard fork, crypto governance