Top Crypto News This Week: Bybit’s Byreal Testnet, Pump.fun’s New Rival, $123 Million Sui Unlock, and More

Several crypto news stories will make headlines this week, positioning the market for imminent volatility. This is ahead of multiple ecosystem-specific developments that are likely to influence price action for select tokens.

Forward-looking traders and investors can capitalize on the following headlines this week, adjusting their portfolios accordingly.

Bybit To Launch Byreal Testnet

With crypto markets at the cusp of the third quarter (Q3) 2025, the Bybit exchange will launch the testnet for Byreal, a prospective decentralized exchange (DEX) built atop the Solana (SOL) blockchain.

Intended to revolutionize DEXs, Byreal will transform the DeFi market, delivering a unique mix of the transparency typical of decentralized finance (DeFi) and the liquidity and speed of centralized platforms.

The launch of the testnet is scheduled for June 30, while the mainnet is expected in Q3 of 2025. Bybit CEO Ben Zhou announced that Byreal will not be a DEX like all the others, with the real novelty in the synergy between centralized exchanges (CEX) and DEXs.

While Byreal offers liquidity typical of CEX platforms, it boasts a transparency inherent in DeFi. Against this backdrop, Byreal can provide an experience dubbed “real hybrid finance.”

Arbitrum’s YAPYO Launch

This week, Arbitrum, an Ethereum Layer-2 (L2) project, is among the top crypto news stories. The project plans to launch YAPYO, offering real users liquidity and an ideal space for social experimentation.

YAYPYO advertises as a mindshare flywheel on Arbitrum and is a social retention layer powered by Kaito AI and Cookie.fun. The YAPYO presale starts today, Monday, June 30, at 1 PM UTC, with a 30-minute head start for Top Yappers.

Amid this anticipation, Arbitrum’s ARB token was trading for $0.35658, up by over 15% in the last 24 hours.

Arbitrum (ARB) Price Performance. Source: BeInCrypto

Jupiter Studio Launch to Rival Solana’s Pump.fun

Another crypto news to watch this week is the ascension of a new Pump.fun competitor after Tron’s Sun.fun. According to Jupiter Uplink, which organizes content for the Jupiter ecosystem, creators on Jupiter Studio will receive up to 50% of the fees.

Jupiter DAO advertises the platform as an easy but powerful token launchpad. Given the fees generated on some of its test tokens, like VIBE CAT, users speculate it may outperform Pump.fun.

“Only a matter of time before all degens create their tokens on JUP ecosystem,” one user remarked.

Despite hype around Jupiter Studio, JUP price is down by over 10% and was trading for $0.0009 as of this writing.

Jupiter (JUP) Price Performance. Source: BeInCrypto

$123 Million SUI Unlock

Also in this week’s crypto news headlines, there will be a $123 million SUI unlock on Tuesday, July 1. This round of unlocks will unleash 44 million SUI tokens, constituting 1.30% of the network’s circulating supply.

Sui Token Unlocks. Source: Tokenomist.ai

Based on data from Tokenomist.ai, these tokens will be distributed to the Sui community reserve, early contributors, the Mysten Labs treasury, and investors.

If any of these recipients cash in their allocations for early gains, it could influence the Sui price. Recent reports indicate that 90% of token unlocks drive prices down.

“Understanding unlock schedules is no longer optional for traders. It’s essential for timing market entries and exits effectively,” a recent Keyrock research highlighted.

Drift Protocol’s FUEL Airdrop Claims

Also in the headlines for this week’s crypto news is Drift Protocol’s FUEL airdrop claims, which become available today, June 30. Crypto airdrops allow farmers to join promising projects at an early stage with little to no initial capital investments.

FUEL airdrop farmers can redeem their tokens for DRIFT. The project said it would reveal details to clarify.

This crypto news roundup gives investors a rubric for trading around expected volatility around these developments this week. However, traders and investors should always conduct their own research.