The week of July 1, 2025, marks a pivotal moment in the cryptocurrency landscape, with major regulatory developments, token mergers, and network upgrades set to reshape market dynamics. From the potential approval of spot Ethereum ETFs to large-scale token consolidations and key blockchain enhancements, this week brings high-impact events that could influence investor sentiment and on-chain activity across multiple ecosystems.
ASI Token Merger Kicks Off: A New Era for AI Blockchains
One of the most anticipated developments begins on July 1, as the ASI token merger officially enters its first phase. The Artificial Superintelligence Alliance — combining Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) — will initiate a multi-stage migration process. Initially, AGIX and OCEAN tokens will be converted into FET at the following rates:
- 1 AGIX = 0.433350 FET
- 1 OCEAN = 0.433226 FET
After consolidation under FET, all tokens will ultimately convert to the new ASI token at a 1:1 ratio with FET. This strategic merger aims to unify AI-driven blockchain protocols into a single scalable ecosystem capable of delivering decentralized machine learning and data-sharing solutions.
👉 Discover how AI-powered blockchains are converging to redefine decentralized intelligence.
Major exchanges like Binance will support the transition by delisting FET, OCEAN, and AGIX spot trading pairs at 11:00 AM (UTC+8) on July 1. ASI trading pairs including ASI/USDT, ASI/BTC, and ASI/BNB will go live on July 5 at 4:00 PM (UTC+8). Users are advised to complete migrations via the SingularityDAO dApp before trading halts.
Major Token Unlocks This Week
Several projects are scheduled for significant token unlocks throughout the week, which may impact short-term price volatility.
July 1 Unlocks:
- Sui (SUI): ~64.19 million tokens unlocked (~2.65% of circulating supply), valued at ~$50.7 million
- io.net (IO): ~7.5 million tokens unlocked (~7.89%), valued at ~$24 million
- dYdX (DYDX): ~8.33 million tokens unlocked (~3.12%), valued at ~$11.3 million
- Maverick Protocol (MAV): ~36.4 million tokens unlocked (~14.56%), valued at ~$9.6 million
- ZetaChain (ZETA): ~5.29 million tokens unlocked (~1.92%), valued at ~$4.2 million
These unlocks follow standard vesting schedules but may exert downward pressure depending on market demand and holder behavior.
Network Upgrades: Scroll and Ronin Enhance Scalability & Functionality
Scroll’s Curie Upgrade – July 3
Ethereum Layer 2 network Scroll will implement its Curie upgrade on July 3, introducing data availability (DA) compression to reduce Layer 1 data costs and lower gas fees by up to 50%. The upgrade also standardizes transaction formats using EIP-1559 and EIP-2930 while adopting a base fee model to stabilize transaction pricing.
This enhancement strengthens Scroll’s position among leading zkEVM rollups by improving efficiency and user experience — critical factors for broader adoption.
Ronin’s Goda Upgrade – July 3
Gaming-focused sidechain Ronin will deploy its Goda hard fork at block 36,052,600 (~3:00 PM UTC+8). The upgrade includes two components:
- Trippp Fork: Enables daily block production rewards for all validators
- Aaron Fork: Introduces upgradability for Axie Infinity and Land smart contracts
These changes aim to improve decentralization and long-term maintainability of the Ronin ecosystem, supporting future game expansions and economic models.
Ethereum ETF Decision Nears – July 4 Deadline Possible
Market speculation is peaking around the U.S. Securities and Exchange Commission (SEC) potentially approving spot Ethereum ETFs as early as July 4, 2025. According to sources cited by Reuters, negotiations between regulators and asset managers — including BlackRock, VanEck, Franklin Templeton, and Grayscale — have reached final stages.
Legal teams report only "minor refinements" remain in filing documents, suggesting approval could come within days. Bloomberg analysts previously projected a July 2 deadline, but growing consensus now points to July 4 as the most likely window.
If approved, this would mark a historic milestone for crypto adoption, opening Ethereum to mainstream institutional investment through regulated financial products.
👉 Stay ahead of the next big crypto breakthrough with real-time market insights.
Key Project Launches & Governance Events
Particle Protocol TGE – July 2
Blast ecosystem’s leveraged trading protocol Particle will conduct its Token Generation Event (TGE) on July 2 at 6:00 PM (UTC+8). The PTC token has a maximum supply of 200 million, allocated as follows:
- 55% to community
- 21% to contributors
- 24% to investors
An initial 20 million tokens will be distributed via airdrop with a 24-month linear vesting schedule. Contributor and investor allocations are locked for six months post-launch.
MerlinSwap Phase 2 Airdrop Vote Closes – July 1
MerlinSwap’s governance vote on its second-phase airdrop distribution concludes on July 1. The proposal allocates 2% of total supply (420 million MP tokens) across three groups:
- 20% to IDO participants
- 20% to users who purchased over $100 worth of MP
- 60% to esMP stakers and boosters
This distribution emphasizes long-term ecosystem engagement, rewarding loyalty and active participation.
Aleo Testnet Incentive Program – July 1–15
Privacy-focused blockchain Aleo launches its final testnet incentive program from July 1–15, offering up to 1 million testnet points convertible to mainnet credits. Validators must participate in Coinbase reward testing and puzzle validation to qualify, with a minimum threshold of 1,000 mainnet points required for rewards.
Frequently Asked Questions
Q: What happens to my AGIX and OCEAN tokens during the ASI merger?
A: AGIX and OCEAN will first convert to FET at fixed ratios before being migrated to ASI. Users should complete transfers before exchange delistings take effect.
Q: When can I trade ASI on Binance?
A: ASI trading pairs go live on July 5 at 4:00 PM UTC+8.
Q: Could spot Ethereum ETF approval boost ETH price?
A: Historically, similar approvals (e.g., Bitcoin ETFs) triggered bullish momentum. Approval would signal regulatory acceptance and attract institutional inflows.
Q: Why is Scroll reducing gas fees now?
A: Lower fees enhance user experience and competitiveness among Layer 2 networks, encouraging wider DeFi and dApp adoption.
Q: Are token unlocks always bearish?
A: Not necessarily. While unlocks increase circulating supply, their impact depends on market sentiment, project fundamentals, and whether teams/investors sell immediately.
Q: How does the Ronin upgrade benefit Axie Infinity players?
A: Validator rewards improve network security, while contract upgradability allows smoother integration of new game features without disruptive forks.
Final Thoughts
The week ahead is packed with transformative events — from foundational upgrades like Scroll’s DA compression to macro-level shifts like the potential Ethereum ETF greenlight. These developments reflect maturation across infrastructure, governance, and regulatory alignment in the crypto space.
As AI blockchains converge and institutional gateways open, staying informed becomes crucial for navigating volatility and identifying emerging opportunities.