From Niantic:
Running July 20–26, event highlights include:
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Take on Velkhana in Elder Dragon Interceptions - During this event, Velkhana will be the only elder dragon appearing at Elder Dragon Interception points for all hunters, regardless of whether you have purchased a paid ticket or not. In addition, Elder Dragon Interceptions will occur more frequently at Hunt-a-thon / Elder Dragon Interception points.
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Friend Link is a great way to join the hunt - When invited through Friend Link, you can participate in an Elder Dragon Interception even if you’re far away from an Interception point. Invite your friends and challenge Velkhana together as many times as you can! Quest rewards will also include Friend Link Tokens, so be sure to make use of them.
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New riftborne monsters, Bishaten and Lagombi, arrive - With the update on the same day, Riftborne Bishaten and Riftborne Lagombi will also appear, and weapons forged from their materials will become eligible for style customization. These weapons are also featured defense weapons for Season 10 Wave 2, so don’t miss the opportunity to upgrade them as well.
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Special Summer Hunt Tickets available each day - Purchasing a Special Summer Hunt Ticket grants a variety of useful effects, including increased Elder Dragon Interception rewards, a 50% expanded access range, and large monsters reappearing in just 30 minutes. As a bonus, each ticket also includes Ultra Hunting Tickets that can be used during this event.

