MegaETH Secures Funding and Lido's Token Rallies Amidst Leadership Changes

In the evolving landscape of ride-hailing, the introduction of Soulbound Tokens (SBTs) is set to revolutionize how mobility is perceived and valued. Traditionally, drivers' reputations are confined to ephemeral ratings and feedback systems controlled by platforms. SBTs, proposed by Ethereum's Vitalik Buterin, are non-transferable digital credentials that reside on the blockchain, representing a driver's identity, reputation, achievements, and trustworthiness. This innovation allows for a more permanent and verifiable record of a driver's history, ensuring that their accomplishments are not lost when they switch platforms or take breaks. For drivers, SBTs promise to log every completed ride on-chain, reflecting long-term reliability and building a verifiable trust score. This could open doors to accessing capital, insurance, or better job opportunities, fundamentally changing the way drivers interact with mobility platforms. By empowering drivers with ownership of their work history, SBTs create a self-sovereign identity that transcends the limitations of traditional ride-hailing apps, ensuring that their contributions are recognized and rewarded. Riders, too, stand to benefit from the implementation of SBTs. These tokens can reward loyalty with on-chain credentials, proving reliability for faster matching and enabling cross-platform benefits without compromising sensitive data. DRIFE is at the forefront of this movement, building an infrastructure layer for mobility identity that allows both drivers and riders to control their reputations. As SBTs are integrated into the DRIFE ecosystem, the focus shifts from mere ratings to a comprehensive mobility protocol, ensuring that everyone involved in urban mobility gains the recognition and sovereignty they deserve.

This week, the cryptocurrency market is set to witness significant insider token unlocks, totaling over $219 million, with Aptos (APT), Immutable (IMX), and io.net (IO) among the prominent tokens affected. The unlocks are scheduled to occur between July 7 and 13, 2025, and could have a substantial impact on the prices of these altcoins. As Bitcoin hovers near $109,000, the market sentiment remains bullish, but the influx of new tokens could introduce selling pressure on APT, IMX, and IO, raising questions about their short-term price movements. Aptos, a layer-1 blockchain known for its scalability, is set to release approximately $50.78 million worth of tokens, representing 1.75% of its circulating supply. Immutable, focusing on NFT infrastructure, will see $10.43 million unlocked, accounting for 1.31% of its supply. Meanwhile, io.net, a decentralized AI computing network, will release $9.28 million, or 7.64% of its circulating supply. These large cliff unlocks, which occur after a vesting period, can lead to increased selling pressure if holders choose to liquidate their positions. Conversely, if insiders retain their tokens, it may indicate confidence in the projects, potentially stabilizing or boosting prices. The price forecasts for APT, IMX, and IO suggest that they may experience short-term pressure due to the new supply entering the market. Aptos has key support at $3.7 and resistance levels at $4.9 and $5.2, with potential targets of $8 and $10 if it breaks above $5. Immutable's demand zone lies near $0.32, while io.net has support around $0.5 and resistance at $0.75. The overall market sentiment and broader cryptocurrency trends will play a crucial role in determining the direction of these tokens in the coming days.

IoTeX, the Layer-1 blockchain designed for real-world decentralized applications, has successfully implemented its v2.2 hard fork at block height 36,893,881 on June 19. This upgrade introduces sub-three-second transaction finality, catering to latency-sensitive use cases such as on-chain AI agents, real-time DePIN networks, and event-driven DeFi. The reduction in block time to 2.5 seconds enhances user experience, enabling AI agents to trigger actions instantly, DePIN apps to sync with real-world events, and DeFi users to settle trades responsively. This low-latency experience is now available on a decentralized Layer 1, showcasing IoTeX's commitment to scalability without compromising security. IIP-42: Optimistic Consensus for Enhanced Throughput The v2.2 upgrade includes deep enhancements to IoTeX's Roll-DPoS consensus, featuring Optimistic Block Minting introduced via IIP-42. This mechanism allows block proposers to prepare the next block concurrently, boosting throughput and resilience. Innovations like proactive block preparation, fast fallback logic, and strict time-bound minting ensure smooth network operation under high loads while maintaining decentralization. Additionally, IoTeX introduces a timestamp-based staking contract (v3) for improved accuracy and adaptability, encouraging users to migrate for a smarter staking experience.

Bittensor (TAO) is currently exhibiting signs of a potential rebound, as indicated by recent technical analyses. Despite the prevailing market softness, the price structure of TAO suggests that it may be nearing the end of its correction phase. Analysts are particularly focused on a breakout that could signify the onset of a robust upward trend. Notably, crypto trader Osemka has utilized Elliott Wave principles to outline a scenario that hints at significant upside potential, contingent on key confirmation signals emerging in the near future. The Bittensor chart reveals a complete five-wave advance, commonly referred to as a Wave 1 impulse in Elliott Wave Theory, which propelled TAO's price to nearly $460 before entering a corrective A-B-C pattern. Currently, traders are monitoring the formation of a potential Wave 2 bottom within the $235 to $265 range. The Relative Strength Index (RSI) has sharply declined since the peak, and analysts speculate that it could signal a reversal by the end of the month or early July. Osemka has pointed out that bullish divergence on the daily RSI might coincide with this final low, reinforcing the bullish outlook. Looking ahead, analysts anticipate that Wave 3 could yield gains exceeding 300% from the local bottom. Given that the first wave experienced a rise of 190%, the subsequent leg must outperform to maintain the wave structure. In accordance with Elliott Wave logic, Wave 4 cannot fall below the peak of Wave 1, necessitating a strong extension for Wave 3. This projection suggests that the next significant peak could surpass TAO's previous all-time high, potentially marking the beginning of a sustained bullish cycle. As of now, Bittensor is trading at $353.63, reflecting a 24-hour decline of 1.14%, yet remains within its expected range, keeping the bullish thesis alive.

Everything Blockchain Inc. has recently made headlines with its announcement of a $10 million strategic investment into five prominent cryptocurrencies: Solana (SOL), XRP, Sui (SUI), Bittensor (TAO), and Hyperliquid (HYPE). This investment, revealed on June 20, 2025, is aimed at positioning the company ahead of expected institutional capital inflows into the cryptocurrency market. By leveraging its expertise in blockchain technology, Everything Blockchain intends to enhance shareholder value while capitalizing on the growing interest from publicly-traded companies in crypto treasury strategies. The company's approach includes a multi-token treasury strategy that focuses on staking rewards to generate passive income and potential dividend payouts for shareholders. This initiative aligns with Everything Blockchain's mission to integrate advanced blockchain solutions with financial strategies, thereby positioning the firm to benefit from the increasing adoption of decentralized technologies. CEO Arthur Rozenberg emphasized that while Bitcoin has dominated the headlines, the real financial momentum is shifting towards the blockchain networks that support the future of financial infrastructure. As for the market outlook, XRP and Solana continue to be top contenders among altcoins, attracting significant institutional investor interest. XRP, trading at $2.17, is bolstered by Ripple's advancements in cross-border payment solutions and legal victories. Analysts predict XRP could reach $3 to $4 by the end of the year. Meanwhile, Solana, priced around $148, is gaining traction due to its high-throughput capabilities and expanding DeFi and NFT ecosystems. Market analysts foresee SOL prices potentially exceeding $300 in 2025, driven by staking and institutional adoption, further solidifying Everything Blockchain's strategic positioning in the evolving digital asset landscape.

The cryptocurrency market is witnessing a resurgence as institutional interest returns and stablecoins gain traction. Among the most talked-about projects is Qubetics, which aims to address the issue of cross-chain fragmentation by unifying various blockchain ecosystems. By integrating Bitcoin, Ethereum, and Solana into a single network, Qubetics offers a range of services including decentralized finance (DeFi), wallet management, and encrypted dVPN services. This innovative approach positions Qubetics as a frontrunner in the quest for real-world utility in the crypto space. In addition to Qubetics, other trending cryptocurrencies such as Cronos and Filecoin are also capturing attention. Cronos (CRO) has recently seen a modest increase of 3.05%, bringing its market cap close to $3 billion. Despite being significantly below its all-time high, CRO has demonstrated impressive growth since its all-time low. Meanwhile, Filecoin (FIL) is experiencing a slight decline, trading at $2.64, but remains a key player in decentralized storage with a strong holder base. Both projects highlight the importance of infrastructure-focused tokens in the evolving crypto landscape. The overarching theme connecting these projects is interoperability, which is becoming increasingly vital as the crypto market matures. By enabling seamless asset movement across different networks, providing a unified user experience, and enhancing security through integrated tools, these projects are setting the stage for the next wave of cryptocurrency adoption. As investors look for long-term opportunities, Qubetics, Cronos, and Filecoin stand out as promising options that not only offer innovative solutions but also have the potential to drive significant value in the coming years.