Key Events Overview
This week marks several pivotal moments in the crypto space, including:
- ASI Token Merger: Launching July 1 with initial consolidation into FET tokens
- Major Token Unlocks: $50.7M SUI and $24M IO tokens releasing July 1
- Ethereum ETF Decision: SEC potentially approving spot ETH ETFs as early as July 4
- Platform Upgrades: WEMIX hard fork and Scroll's Curie update reducing gas fees
July 1 Highlights
Exchange Updates
Binance Adjustments for ASI Merger
👉 Binance will delist FET/OCEAN/AGIX pairs on July 1 as part of the Artificial Superintelligence (ASI) consolidation. Conversion rates:
- 1 FET = 1 ASI
- 1 OCEAN = 0.433226 ASI
- 1 AGIX = 0.433350 ASI
Uphold's Stablecoin Policy Shift
Complying with MiCA regulations, Uphold will cease support for USDT, DAI, and four other stablecoins starting July 1, automatically converting balances to USDC.
Project Developments
WEMIX Tokenomics Overhaul
The Brioche hard fork reduces total WEMIX supply by 60% to 588M tokens, burning 435M foundation-held coins.
ETHFI's Season 3 Launch
250M ETHFI tokens will be airdropped to stakers through a new "Perks Passport" engagement system.
ASI Merger Mechanics
Phase 1 merges AGIX/OCEAN into FET tokens before final ASI conversion. Migration occurs via SingularityDAO at:
- 1 AGIX → 0.433350 FET
- 1 OCEAN → 0.433226 FET
Governance & Unlocks
MerlinSwap Voting
Phase 2 airdrop allocation proposal voting concludes July 1, distributing 420M MP tokens (2% supply).
Major Unlocks (July 1)
| Token | Amount | Value | % Circulating Supply |
|---|---|---|---|
| SUI | 64.19M | $50.7M | 2.65% |
| IO | 7.5M | $24M | 7.89% |
| DYDX | 8.33M | $1.13M | 3.12% |
July 2-7 Preview
Notable Events
July 2
- Particle's TGE on Blast ecosystem launches with 20M PTC airdrop
July 3
- Scroll's Curie upgrade cuts L2 gas fees by 50% via DA compression
- Ronin's Goda upgrade enables daily validator rewards
July 4
- Potential SEC approval of spot Ethereum ETFs
- UK general election may shift crypto policies
July 5
- Taiko airdrop claims close (50M TAIKO available)
- GAL token unlocks ($660K value)
FAQ Section
Q: How does the ASI token merger affect current holders?
A: Holders will automatically receive ASI tokens at specified ratios after exchanges complete the conversion process by July 5.
Q: What's the significance of Ethereum ETF approval?
A: Approval would mark the first ETH-based spot ETFs in the US, potentially driving institutional adoption similar to Bitcoin ETFs' impact.
Q: When will reduced DYDX unlocks take effect?
A: Monthly DYDX unlocks decrease by 75% starting July 1, from 33M to 8.3M tokens.
Q: How does Scroll's upgrade reduce fees?
A: Curie introduces data compression to minimize L1 storage needs, effectively halving transaction costs.
Q: Which stablecoins are affected by Uphold's policy change?
A: USDT, DAI, FRAX, GUSD, USDP, and TUSD will no longer be supported for EEA users.
👉 Stay updated on crypto regulations affecting your portfolio as global policies evolve rapidly this quarter.