Countdown to $CHIRP Token Launch and Reward Distribution

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.

IoTeX is set to host an exciting event titled "R3al World" on June 24th, from 21:00 to 23:00 UTC, as part of the Permissionless conference in New York. This networking session will focus on Decentralized Physical Infrastructure Networks (DePIN) and Artificial Intelligence (AI), bringing together builders and innovators who are working on Physical AI, real-world assets, and decentralized infrastructure. Attendees can expect a vibrant atmosphere where they can engage with industry leaders and discuss the latest advancements in these fields while enjoying refreshments during the official DePIN x AI happy hour. The IoTeX platform, known for its open-source blockchain tailored for the Internet of Things (IoT), aims to tackle the prevalent challenges in existing IoT ecosystems, such as security vulnerabilities, high maintenance costs, and scalability issues. By developing a unique blockchain architecture that supports a multitude of IoT devices, IoTeX is paving the way for a more secure and efficient IoT landscape. The core concept revolves around a "blockchain within a blockchain" structure, where the main network manages security and operations, while sub-blockchains handle specific IoT devices and transactions. At the heart of the IoTeX ecosystem is its native token, IOTX, which facilitates various operations, including transaction fee payments and governance participation. This innovative approach not only enhances the scalability and privacy of IoT applications but also fosters the development of decentralized applications and ecosystems. As the event approaches, the excitement within the community is palpable, with many looking forward to the insights and collaborations that will emerge from the R3al World session at Permissionless.

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.

The Solana-based DePIN (Decentralized Physical Infrastructure Network) platform's native token, Grass ($GRASS), has experienced a significant decline of 15%, dropping from a recent high of $1.96 to approximately $1.72. This downturn has returned the token to levels it was trading at a month ago. Analysts suggest that the price drop is largely attributed to substantial selling in perpetual futures, with no significant on-chain activity to justify the decline. In the past 24 hours alone, over $637,400 worth of long positions in $GRASS were liquidated, while on-chain trading volume via Raydium only reached about $3.2 million. Despite the price drop, trading volume for $GRASS has surged by over 55% in the last day, indicating a strong interest from investors. Notably, the derivative market volume has also increased by more than 95%. This uptick in trading activity suggests that smart money and whale investors are capitalizing on the dip, making $GRASS the second-most-purchased Solana token in the AI and utility sector. Whales have reportedly purchased over $200,000 worth of $GRASS, raising speculation about their insights into the market that retail investors might have missed. Grass has been making strides in network growth, processing over 57 million GB of public web data in the first quarter and building a massive video dataset of over one billion videos. The Grass Video Search tool allows users to search for specific visual patterns in videos, marking a significant advancement in video data handling. As the derivative market's funding rates shift from negative to positive, indicating bullish sentiment, whales are strategically positioning themselves for potential gains. If $GRASS can reclaim its previous highs, investors could see returns exceeding 125%. However, the price must hold above the critical support zone of $1.56 to maintain a bullish outlook.