Author: Monicah W

As we enter the first week of July 2025, the crypto market is gearing up for a series of significant token unlocks. Among the standout projects unlocking tokens are Sui (SUI), Ethena (ENA), and ZetaChain (ZETA). 

These unlocks represent a crucial shift in token supply, which could lead to market volatility and potentially influence price movements in the short term.

1. Sui (SUI)

• Unlock Date: July 1
• Number of Tokens to be Unlocked: 44 million SUI (0.44% of Total Supply)
• Current Circulating Supply: 3.39 billion SUI
• Total supply: 10 billion SUI

Sui is a high-performance blockchain designed to provide scalability, low latency, and an architecture for decentralized applications (dApps). It distinguishes itself with an object-centric data model and the Move programming language, which seeks to address inefficiencies in existing blockchain architectures.

On July 1, the network will release 44 million SUI into the market, continuing its trend of cliff unlocks at the beginning of the month. The tokens are worth $122.3 million and represent 1.3% of the current circulating supply.

The unlocked tokens will be split 4 ways. The largest share, totaling 19.32 million SUI, is earmarked for Series B. Community Reserve will receive 12.63 million tokens. Early Contributors will gain 9.98 million tokens. Lastly, Mysten Labs Treasury will get 2.07 million SUI.

Meanwhile, SUI’s value has appreciated 11.3% over the past week. However, as the unlock nears, the price is down 1.4% over the past day.

2. Ethena (ENA)

• Unlock Date: July 2
• Number of Tokens to be Unlocked: 40.63 million ENA (0.27% of Total Supply)
• Current Circulating Supply: 6.087 billion ENA
• Total supply: 15 billion ENA

Ethena is a decentralized protocol built on the Ethereum blockchain. It provides a crypto-native alternative to traditional stablecoins. The protocol’s primary offering is USDe, a synthetic dollar stablecoin. Meanwhile, ENA is Ethena’s governance token.

The protocol will unlock 40.63 million tokens worth $10.9 million. The Foundation will receive all of the unlocked tokens, which account for 0.67% of the circulating supply.

The token unlock comes amid ENA’s less-than-strong start to the week. It dipped 0.2% over the past day. However, weekly gains stood strong at 10%.

3. ZetaChain (ZETA)

• Unlock Date: July 1
• Number of Tokens to be Unlocked: 44.26 million ZETA (2.1% of Total Supply)
• Current Circulating Supply: 877.5 million ZETA
• Total supply: 2.1 billion ZETA

ZetaChain is a blockchain that enables interoperability across various blockchain ecosystems, including those without native smart contract support, like Bitcoin and Dogecoin. It aims to unify the fragmented blockchain space.

On July 1, the network will release 44.26 million ZETA tokens, valued at $7.9 million. Core Contributors and the Protocol Treasury will get 13.13 million ZETA and 12.83 million ZETA, respectively. 

Purchasers and Advisors will receive 9.33 million ZETA. The network has also allocated 5.25 million tokens to the Ecosystem Growth Fund.

The User Growth Pool will gain 2.63 million ZETA. Finally, 1.09 million tokens will be kept for Liquidity Incentives.

Similar to the other two altcoins, ZETA has also seen minor declines of 0.6% over the past day while rising 8.0% in the last seven days.

In addition to these three, Neon (NEON), Renzo (REZ), and dydx (DYDX) will also experience new supply entering the market. Over the next seven days, the market will welcome tokens worth more than $484 million.

The post 3 Token Unlocks to Watch in the First Week of July 2025 appeared first on BeInCrypto.

ARB, the native token of the leading Layer-2 scaling solution Arbitrum (ARB), is today’s top-performing token. It is up over 16% today, fueled by growing speculation surrounding a potential partnership with Robinhood.

Interestingly, on-chain data suggests that the rally may be short-lived as key metrics flash warning signs. 

Arbitrum Tops Gainers as Robinhood Speculation Runs Hot

ARB is up by double digits today and currently trades at $0.36. This comes ahead of the Monday fireside chat between Ethereum co-founder Vitalik Buterin, Robinhood Crypto General Manager Johann Kerbrat, and A.J. Warner, the Chief Strategy Officer at Offchain Labs, the team behind Arbitrum.

This upcoming meeting has fueled speculation that Arbitrum could be announced as a partner for Robinhood’s blockchain plans. The buzz is partly driven by a May 8 Bloomberg report, which revealed that the US-based platform is developing a blockchain-based platform, with Arbitrum reportedly being considered a potential partner for the venture.

However, despite the bullish price action, on-chain data indicates that the rally may face some challenges in the short term. For example, the token’s liquidation heatmap shows a substantial liquidity cluster below ARB’s price at $0.29, suggesting that a pullback could be on the horizon. 

Liquidation heatmaps are visual tools traders use to identify price levels where large clusters of leveraged positions are likely to be liquidated. These maps show areas of high liquidity, often color-coded to show intensity, with brighter zones representing larger liquidation potential.

When the heatmap shows a liquidity cluster below an asset’s price, many leveraged long positions have liquidation levels in that area. This acts as a magnet for price retracement, as the market may move down to trigger those liquidations before continuing in either direction.

Moreover, while its price climbs, the altcoin’s Chaikin Money Flow (CMF) indicator shows a noticeable downtrend. It is at -0.12 at press time, forming a bearish divergence with ARB’s price.

This bearish divergence occurs when prices rise while money flow falls, indicating weakening buying pressure behind the rally. ARB could soon witness a correction if this trend persists, risking reversing some of its recent gains.

Arbitrum Bulls Face a Critical Test

At its current market price, ARB trades above key support at $0.29. This price point represents the crucial barrier preventing the token from revisiting its all-time low of $0.24. 

If ARB’s rally continues to lack sufficient bullish backing, a breakdown below this level remains possible. 

On the other hand, the token could climb toward the $0.39 mark if buying pressure spikes.

The post Arbitrum (ARB) Pumps 16% on Robinhood Hype — But Is a Pullback Coming? appeared first on BeInCrypto.

Crypto airdrops remain one of the easiest ways to get in on promising projects while still in the ground-floor stage. With little to no initial capital required, farming budding projects could translate into significant financial returns when the project launches.

This week, several crypto projects are trending, with strong financial backing from notable investors making them promising ventures.

Zama

Blockchain service Zama is one of the top crypto airdrops this week, having opened on June 25. It is available for select airdrop farmers, and the pioneering open-source cryptography firm focuses on delivering novel Fully Homomorphic Encryption (FHE) technologies tailored for blockchain and AI applications.

The Zama project boasts up to $130 million in funds raised from backers such as Pantera Capital, Multicoin Capital, Protocol Labs, Blockchange, Metaplanet, and Solana’s Anatoly Yakovenko, who is coming in as one of the angel investors.

It follows a Series B funding round, which sent Zama past the $1 billion valuation. The public testnet will go live on Tuesday, July 1, as it is open exclusively.

Today, we’re unveiling our most ambitious product to date: the Zama Confidential Blockchain Protocol—and announcing our $57 million Series B funding round at a valuation of over $1 billion, led by @PanteraCapital and #BlockchangeVC. Public Testnet goes live on July 1st. pic.twitter.com/zCTlhiXv35

— Zama (@zama_fhe) June 25, 2025

Farmers must visit the public testnet page and join Zama’s Discord community to participate in the Zama airdrop campaign.

$ZAMA Airdrop is Officially CONFIRMED

RAISED: $130M@zama_fhe is a pioneering open-source cryptography firm focused on delivering cutting-edge Fully Homomorphic Encryption (FHE) technologies tailored for blockchain and AI applications.

Their intuitive FHE toolkits allow both… pic.twitter.com/IMgdHs1LBQ

— RDeni (@rostikdeni) June 28, 2025

The project rewards active engagement with the community. To participate successfully, follow any additional instructions on the testnet page or Discord.

MEXC

Another crypto airdrop to watch this week is from global centralized cryptocurrency exchange MEXC. MEXC launched an exclusive airdrop campaign specifically for Airdrops.io users.

The campaign runs from June 17 to July 17, 2025, with the collaboration offering benefits beyond the typical promotional campaigns.

“Users who register through our exclusive link will automatically join this airdrop program,” Airdrops.io indicated.

The program features two events that reward user registration and active trading participation. 

In the first event, farmers get a $20 USDT bonus for completing the basic deposit and trading requirements. Meanwhile, the second event offers bonuses ranging from $5 to $300 USDT based on future trading volume achievements.

“Combined with a permanent 20% rebate on all spot and futures trading fees, participants can earn up to $320 USDT in immediate bonuses plus ongoing savings on all future trading activities,” Airdrops.io added.

It comes amid MEXC’s resolve, rewarding the Airdrops.io community with superior benefits compared to standard promotional offerings.

The 20% fee rebate’s permanent nature ensures that users continue to benefit from reduced trading costs long after the initial bonus period concludes.

Based on these details, the MEXC airdrop may be uniquely rewarding for airdrop farmers and long-term platform users.

Sahara AI

Also on the watchlist this week is the Sahara AI crypto airdrop, a decentralized AI network that enables free and secure autonomous AI deployment with a high-performance, privacy-first network.

Sahara AI had raised $51.5 million in funding from investors like Binance Labs (now YZi Labs), Pantera Capital, and Polychain Capital.

After closing its testnet and with rewards available for claims, the project distributes 5% of the total SAHARA token supply. Additionally, there are exclusive cash rewards to early community contributors and ecosystem participants.

Introducing $SAHARA — the native utility token of Sahara AI.

Designed for real-world function, $SAHARA powers a new economic model for AI. One that is collaborative, open, and built to reward real contributors.

Utility, distribution, and claim details below pic.twitter.com/A3MYsHO1Po

— Sahara AI (@SaharaLabsAI) June 25, 2025

Moreover, with the airdrop serving as the first major distribution event, Sahara AI allocates 64.25% of the total token supply to various community-focused initiatives.

Eligible participants include users who earned Sahara Points through the Data Services Platform, Sahara Legends, who collected Shards for NFTs, and ecosystem builders who contributed to platform development.  

The post Top 3 Crypto Airdrops For the First Week of July appeared first on BeInCrypto.

BitMEX, one of the safest crypto exchanges, today announced the findings of its comprehensive study on XBTUSD, the longest-running Bitcoin perpetual swap, to shed light on the evolution of the funding rate market. The research, spanning from May 2016 to May 2025, reveals a significant shift in funding rate patterns, marking a transition from high volatility to unprecedented market stability.

Since BitMEX pioneered perpetual swaps in 2016, they’ve become one of the most traded financial products worldwide. A key component of these products are funding rates, which are periodic payments made between long and short position holders of a perpetual swap contract to maintain a token’s futures price with its spot price. Funding rates are crucial for identifying market arbitrage opportunities and to gauge market sentiment.

The study, which delved into the extensive history of BitMEX’s XBTUSD perpetual swap, uncovered several key insights:

• Extreme Funding Rates Plummet by 90%: Since 2016, the occurrence of extreme funding rates has dropped by a staggering 90%. Notably, data from 2024-2025 shows remarkable stability, even as Bitcoin surged past $100,000. This trend indicates a clear maturation of the crypto market, transforming Bitcoin from a highly speculative asset into a more stable financial instrument.
• Mainstream Integration Drives Stability: The launch of Bitcoin ETFs in January 2024 and the emergence of decentralised finance (DeFi) protocols like Ethena have

been instrumental in facilitating large-scale arbitrage, further anchoring futures prices to spot prices and contributing to market efficiency.

• Era of Stable Funding Rates: The current environment of stable funding rates suggests significantly reduced market volatility. This stability could position Bitcoin as a more reliable asset for institutional portfolios, with potential wider implications for traditional financial markets.

“Our study highlights a profound transformation in the Bitcoin perpetual swap market,” said Stephan Lutz, CEO of BitMEX. “The dramatic reduction in extreme funding rates on XBTUSD underscores the growing maturity and institutional acceptance of crypto. As one of the oldest crypto exchanges, we’re excited to be able to share such market insights for our traders and reinforce the industry’s integration into the global financial landscape.”

More details about the study can be found here.

About BitMEX

BitMEX is the OG crypto derivatives exchange, providing professional crypto traders with a platform that caters to their needs through low latency, deep crypto native liquidity and unmatched reliability.

Since its founding, no cryptocurrency has been lost through intrusion or hacking, allowing BitMEX users to trade safely in the knowledge that their funds are secure. So too that they have access to the products and tools they require to be profitable.

BitMEX was also one of the first exchanges to publish their on-chain Proof of Reserves and Proof of Liabilities data. The exchange continues to publish this data twice a week – proving assurance that they safely store and segregate the funds they are entrusted with.

For more information on BitMEX, please visit the BitMEX Blog or www.bitmex.com, and follow Telegram, Twitter, Discord, and its online communities. 

The post BitMEX Study Reveals 90% Drop in Extreme Bitcoin Perpetual Futures Funding Rates Since 2016, Signalling Market Maturation appeared first on BeInCrypto.