Author: Claude, Deep Tide TechFlow

Deep Tide Introduction: If you are currently holding these altcoins, or planning to take advantage of the SOL ecosystem warming up, this week's agenda is worth marking on your calendar. Crypto KOL @TheDeFinvestor has listed a list of catalysts for this week, with seven projects intensively releasing positive news from July 6 to next week: Jupiter is launching the GUM private beta of the unified market today, NEAR is holding a "grand reveal" live stream tomorrow, Berachain is hard forking on July 7-8 to rewrite its token model, Zcash is upgrading to Ironwood at the end of the month...

Here is a further summary of the context and overall timeline behind each item.

Jupiter launches GUM private testing today, making substantial progress towards the vision of a "universal exchange"

The most urgent is JUP. Jupiter is launching the private beta of GUM today, July 6.

Jupiter is the largest DEX aggregator on Solana, simply put, it's a tool that helps users automatically find the best coin swap price across dozens of exchanges. GUM (Giant Unified Market) is its core strategy launching in May 2024, aiming to bring meme coins, stocks, foreign exchange, real estate, and other assets onto the chain, fitting them into a unified interface, allowing users to swap for less than a cent. DinariGlobal has promised to offer US stock tokens benchmarked against Apple and Coinbase on a 1:1 basis on Solana.

The private beta being tested is the API for GUM's unified market, integrating login, top-ups, cross-chain spot, and perpetual contracts. The market reaction to this expectation has already been significant, with JUP rising 13% in the past 24 hours, making it one of the few mainstream coins bucking the overall cautious trend. A study placed Jupiter among the top 15 highest-earning crypto protocols, estimating its revenue over the past 12 months to be around 130 million USD, and there are proposals in the governance forum seeking to distribute more protocol fees for JUP buybacks.

However, the most concerning issue for JUP is its supply. According to the public unlocking schedule, about 253 million JUP will be unlocked by the end of February 2026. Product milestones can boost sentiment, but the circulating supply due to new issuance may create a hedging sell pressure, and the "buy the expectation" gains may not withstand that unlocking moment.

NEAR will hold a "grand reveal" live stream tomorrow, focusing on enterprise-level "black box"

On July 7 at 16:00 UTC (11 AM Eastern Time), NEAR will hold a live stream titled "The Big Reveal" on X and YouTube, hosted by founders Illia Polosukhin and Alex Shevchenko, with the theme "unveiling the black box for enterprise users".

NEAR's recent mainline is Intents (intent trading, where users just need to state what result they want, and the system helps automatically complete the pathway), AI integration, and confidential computing. Last month's data showed that NEAR Intents' cumulative trading volume has exceeded 22 billion USD. The team previously previewed a major protocol upgrade called SPICE, and this live stream is likely related, or it may be about the black box technology for commercial clients.

Risk warning for holders: These types of "reveal live streams" are typical expectation events—sentiment leads before the announcement, and the real value depends on what is actually announced. If it only contains concepts and roadmaps without substantial products or names of partners, the impact may be limited.

Berachain hard forks on July 7-8, directly cutting BGT tokens

Also on July 7-8, Berachain is launching its largest upgrade since the launch of its independent network called PoL Next. This is not just a patch; it is a hard fork rewriting the core incentive layer.

Berachain’s core mechanism is called Proof of Liquidity (distributing rewards and governance rights based on providing liquidity rather than simple staking). The old model involved two tokens, BGT and BERA, plus a Boost mechanism, which has confused many traditional funders.

PoL Next simplifies this into one token: BGT and Boost will be gradually phased out, and all emissions will be converted into BERA, unifying value accumulation into sWBERA (staked version of BERA). The new emission mechanism, ERAs, requires projects to present real on-chain revenue and usage data to receive incentives, replacing the previous voting-based emission method.

This is structurally favorable for the BERA token economy, but the rollout comes with clear risks. Currently, the market cap and on-chain locked amount for BERA are severely misaligned (previously, DeFi TVL was about 55 million USD, while the market cap was only around 66 million USD). During the mechanism switch, adjustments in positions from old incentive receivers may bring selling pressure. sWBERA redemptions into BERA have a 7-day unlocking period, sacrificing flexibility.

Zcash's Ironwood upgrade at the end of the month, climbing out of the "fake coin panic"

ZEC's catalyst is the most vague. The original list merely states "according to Mert (CEO of Helius Labs), there will be good news next week". Some background is needed to understand.

At the end of May this year, security researcher Taylor Hornby discovered a four-year-old vulnerability hidden in Zcash's Orchard privacy pool, which theoretically could allow an attacker to mint an unlimited amount of fake ZEC without being detected. Due to the nature of privacy coins, developers cannot confirm whether fake coins were minted before the vulnerability was exploited. Once the news broke, ZEC's price halved from over 600 USD to around 250 USD within two days, and BitMEX co-founder Arthur Hayes cleared all his ZEC positions.

Further reading: “The Trust Crisis of Zcash Privacy Coins: Claude discovers a vulnerability, Arthur Hayes clears positions, core developer Josh Swihart latest response fully interpreted”

The remedy for this issue is the Ironwood upgrade, currently scheduled to activate on the mainnet on July 21.

This upgrade will open a new privacy pool and seal off the old Orchard pool, allowing any node to independently verify the circulating supply using the existing turnstile mechanism, effectively providing verifiable evidence that "no fake coins have been minted.” After implementing the fix, ZEC has already rebounded over 50% from its low, reporting 462 USD on July 4, up 13.3% in the past seven days. (Notably, Hornby initially discovered this vulnerability using Anthropic's Claude Opus 4.8.)

Risk warning for holders: The only confirmed date is the mainnet upgrade on July 21, and any "good news" before then is more likely to be sentiment-driven. Do not take a mere paraphrase as a guarantee of realization.

Lighter tokenized stocks launching next week, riding on Robinhood’s big pipeline

The catalyst for LIT is the expected launch of tokenized stocks on Lighter next week.

Lighter is a perpetual contract DEX based on zero-knowledge proofs (processing trades off Ethereum mainchain and using cryptographic proofs for legitimacy, resulting in low costs and high speeds). Its real highlight is its binding with Robinhood: Robinhood’s Ethereum L2 “Robinhood Chain” went live on the mainnet on July 1, making Lighter the default perpetual DEX on this chain.

Users can use tokenized stocks such as Nvidia and Apple as collateral in borrowing pools, something that’s not possible with regular brokerage accounts.

Robinhood has about 24 million funded accounts, and even a small portion migrating to the chain would significantly boost Lighter's trading volume. Lighter has also allocated 11 million USD in LIT tokens as incentives for the Robinhood community, with Robinhood covering 90 days of gas fees for users. After the news, LIT rose 24% to reach a new high of 2.14 USD.

Risk warning for holders: Robinhood has explicitly excluded regions like the UK, USA, Canada, Switzerland, UAE, and Singapore from its perpetual contract services, which may discount the actual user base. Additionally, the perpetual DEX track has competitors like Hyperliquid, Aster, and dYdX's Arcus vying for the same order flow, and token unlock remains a hanging downside risk.

Jito is launching JTX in mid-July, stepping out from the "backstage toll booth" to capture order flow

The catalyst for JTO is the rumored launch of the new trading platform JTX in mid-July.

Jito is a core infrastructure provider for Solana, also providing liquid staking (JitoSOL) and MEV (Miner Extractable Value, refers to the additional money earned by reordering transactions, a portion of which originally belongs to ordinary traders).

Its MEV client is already running on over 95% of active stakes on Solana, effectively installing a toll booth across the entire chain. JitoSOL's TVL exceeded 2.9 billion USD in Q1 2026.

JTX represents a step for Jito from the backend to the application layer: a self-hosted trading terminal aimed at providing professional traders with CEX-level execution speed and tools, while users retain their own assets.

Early access opened on June 26, with plans for a full launch in July—first to include spot trading, then to add perpetual and prediction markets through integration. The key lies in token capture; according to Jito’s materials, about 80% of JTX's protocol revenue will flow back to JTO holders through buybacks.

Risk warning for holders: The 80% revenue return is the most solid part of JTX's narrative, but it hinges on whether JTX can generate trading volume. Hyperliquid currently dominates the perpetual track, and it's unverified how much order flow JTX as a newcomer can capture. Jito’s revenue is highly tied to the activity level on the Solana chain; if on-chain trading volume declines, fee streams will quickly be compressed.

Ether.fi requests a dedicated V4 instance from Aave, serving as the credit backend for Visa cards

Finally, there's ETHFI. It has just submitted a proposal to the Aave DAO on July 1, requesting the deployment of a dedicated Aave V4 instance (whitelabel hub) fully managed by Ether.fi, deployed on the OP mainnet, as the backend for EtherFi Cash products.

EtherFi Cash is a physical Visa card that allows users to borrow stablecoins directly for consumption using interest-earning assets (like restaked ETH). Previously, it used a self-built Debt Manager system, but now it wants to switch to a more mature and liquid Aave V4 infrastructure. Proposal details: isolated whitelabel model, GHO as the main lending asset, targeting liquidity of up to 175 million USD, with revenue split 80/20 (Aave DAO receives about 20%), and the Optimism Foundation might contribute 20 million USD for liquidity and 1.2 million USD for incentives.

Risk warning for holders: This is the most "early stage" of the seven. Currently, it's just in the temp check phase and needs to complete DAO voting before it can be implemented, so whether it can pass and when it will pass is not confirmed. Treat it as a directional signal rather than a catalyst that will materialize this week.

Finally, here’s a summary image to help you quickly pinpoint related events and timelines.