Beirut, Lebanon, June [date], 2025 — EV Electra, a global electric vehicle manufacturer with operations in Canada, Germany, Italy, Turkey, and China, has launched the Initial Exchange Offering (IEO) for its native token, EVET, on the P2B Exchange. This token, built on the Ethereum (ERC-20) blockchain, supports a decentralized ecosystem that merges mobility innovation with blockchain technology. As the first Arab-origin electric vehicle company to implement a tokenized framework, EV Electra is pioneering new standards for user engagement in clean transportation. The initiative features two key blockchain elements: EVET and EVEN NFTs, which foster transparency, connectivity, and community involvement. EVET is designed to enhance user participation beyond traditional vehicle ownership. By integrating Web3 infrastructure with electric vehicle development, EV Electra aims to create a future where blockchain transforms sustainable mobility. CEO Jihad Mohammad emphasizes that the EVET IEO invites active participation in shaping the future of mobility. Founded in 2017 in Montreal, EV Electra is dedicated to sustainable technologies and inclusive digital access.
Gate, a leading crypto exchange, recently celebrated surpassing 30 million active users globally, a milestone described by CEO Dr. Han as 'deeply meaningful.' He highlighted the exchange's impressive growth over its 12-year history, especially amid fierce competition in the digital asset market. Dr. Han emphasized that this achievement reflects the trust users place in Gate, which prioritizes asset security and offers over 3,600 tokens. The exchange's commitment to technology and user-centric services has allowed it to thrive through market fluctuations. Dr. Han outlined five essential capabilities for long-term success: serving billions of users, supporting millions of tokens, executing trillions in trades, providing custody for vast funds, and adhering to global regulations. Gate aims to innovate continuously, blending Web3 advancements with centralized platform safety. Recent initiatives include the launch of Gate Wallet, a comprehensive asset management tool, and a focus on compliance, including obtaining a VASP license in Dubai. Looking ahead, Dr. Han envisions deeper regional engagement and product innovation as key to future growth.
The U.S. Treasury Department and Coin Center, an advocacy group based in Washington, D.C., have decided to conclude their appeal regarding the Ethereum mixer Tornado Cash. The Eleventh Circuit Court of Appeals approved a joint motion to vacate the previous judgment and dismiss the case. This decision follows the Office of Foreign Asset Control's (OFAC) removal of economic sanctions against Tornado Cash in March, rendering the appeal moot. Tornado Cash was initially blacklisted by the government in 2022. Coin Center's Executive Director, Peter Van Valkenburgh, noted that the government was not inclined to defend its broad interpretation of sanctions laws in court. He stated on X (formerly Twitter), "This marks the official end of our court battle," highlighting the government's lack of interest in pursuing the case further. This development signifies a significant shift in the legal landscape surrounding cryptocurrency mixers.
This week promises significant developments in the crypto world, with traders poised to benefit from anticipated volatility. Kaito is set to launch a capital launchpad for token launches, which could enhance revenue and offer staking rewards for KAITO token holders. To attract new users, Kaito might consider airdropping KAITO tokens, especially to those who missed earlier opportunities. Meanwhile, the US Senate will debate whether tokens like XRP should be classified as digital commodities, a decision that could lead to new financial products and potentially facilitate altcoin ETFs, attracting institutional investment. The Solana community is also pushing for ETF approval, facing scrutiny from the SEC regarding compliance with regulations. Additionally, the conclusion of President Trump’s 90-day tariff negotiations raises questions about future trade penalties and their impact on markets. The US House will hold a hearing on digital asset tax policy, which could reshape the regulatory landscape for crypto and unlock significant capital for the industry.
Injective (INJ), a Layer 1 blockchain designed for tokenized stocks and real-world assets, experienced a significant increase in daily active addresses (DAAs) in July. Despite the INJ token's 80% decline from its all-time high, the network's revival has sparked renewed optimism. Data from Artemis Analytics reveals that DAAs surged from 4,500 at the start of 2025 to over 81,000 in July, a remarkable increase of over 1,700%. This is the highest level since December 2023, when INJ's price rose from $1.25 to over $50. Analysts suggest that this renewed activity could indicate a potential price rally for INJ in 2025. The growth in DAAs began after the Nivara Upgrade on February 17, which aimed to enhance network performance. Additionally, the launch of the Ethereum Virtual Machine (EVM) Public Testnet on July 3 has attracted developers to build decentralized applications on Injective. Despite these developments, INJ remains 80% below its ATH of $52, currently trading around $10.5.
Pi Network (PI) ended the month at its lowest exchange level since its listing. Despite positive news in early July, Pioneers continued transferring Pi to centralized exchanges (CEXs), heightening selling pressure. Recent updates from the Pi Core Team indicate significant development progress, yet these efforts seem inadequate in the current market. Observations show that PI tokens on CEXs have risen from 263 million in March to over 370 million, marking a 40% increase. A rare public appearance by founder Nicolas Kokkalis in May initially boosted excitement and reduced exchange balances, but negative sentiment returned in June due to geopolitical tensions. Investor Moon Jeff reported an 8 million PI increase on exchanges in just two days, indicating ongoing selling pressure. Additionally, 232.9 million PI tokens are set to unlock in July, further impacting Pioneers' sentiment. Despite several updates from the Pi Core Team, including new features, confidence among holders remains low, leading to a growing amount of Pi on exchanges.
