Preview of Important Events in the Blockchain Industry for the Next Week

May 5

Exchange Dynamics

A trading platform will launch a new fee system and staking levels around 11:00 on May 5th. The main changes include: staking platform tokens can reduce trading fees; perpetual contracts and spot trading will adopt different rates; spot trading volume will be calculated as double when determining fee levels. The function linking staking accounts with trading accounts has been launched on the testnet, and the official version will be released shortly after the new system goes live.

Another trading platform plans to adjust the contract marking price on May 5 at 17:00, shortening the price basis from 2.5 minutes to 1 minute.

Project Progress

Layer 1 Blockchain Shardeum will conduct a token generation event on May 5th, (TGE), and will announce detailed information regarding the token airdrop, distribution, and listing.

IOTA will upgrade from the Stardust network to the new IOTA network on May 5th. This upgrade is seamless for token holders, requiring no migration, just loading the existing wallet into the new wallet.

The lending platform Superseed announced that its SUPR token will be available for claiming on May 5th at 22:00, and can only be claimed on its mainnet, with no deadline for claims.

Token Unlock

Ethena(ENA) will unlock approximately 171 million tokens on May 5 at 15:00, accounting for 3.10% of the current circulation, valued at approximately 50 million USD.

May 6

Regulatory Dynamics

The U.S. House Financial Services Committee and the Agriculture Committee will hold a joint hearing on May 6 to discuss the legislative blueprint for digital assets. It is expected that committee chairs and others will unveil a cryptocurrency regulatory draft before the hearing, which may be similar to the "21st Century Financial Innovation and Technology Act" passed last year.

Project Progress

A certain DEX will suspend bridging USDC.e starting from May 6 and will upgrade to native USDC and integrate CCTP V2, which is expected to take about a week. After the upgrade, USDC.e will automatically convert to native USDC, supporting faster and more secure cross-chain transfers.

Token Unlock

Spectral(SPEC) will unlock approximately 10 million tokens on May 6 at 08:00, accounting for 70.90% of the current circulation, valued at approximately 24.6 million USD.

May 7th

Exchange Dynamics

A certain trading platform will launch the Obol(OBOL) token on May 7 at 18:00, with contract trading opening at 18:30. The Alpha trading points threshold will be announced on May 7, and eligible users will receive an airdrop within 20 minutes after the token is launched.

Project Progress

The Ethereum Pectra upgrade is scheduled to go live on the mainnet on May 7, featuring 11 improvement proposals, focusing on optimizing staking and wallet functions. This is the largest system update since March 2024.

Pharos Network, a Layer 1 public chain focused on the RWA track, announced that its testnet will officially launch on May 7, showcasing its high throughput and EVM compatibility.

Token Unlock

Neon(NEON) will unlock approximately 53.91 million tokens on May 7 at 08:00, accounting for 22.51% of the current circulation, valued at 6.2 million USD.

May 8

Macroeconomics

The Federal Reserve will announce its interest rate decision on May 8 at 02:00, followed by a monetary policy press conference at 02:30.

Judicial Dynamics

The U.S. Department of Justice has requested a 20-year prison sentence for former Celsius Network CEO Alex Mashinsky, with the ruling scheduled for May 8. Prosecutors allege that he orchestrated fraud that resulted in nearly $7 billion in losses for customers.

May 9

Macroeconomics

John Williams, President of the Federal Reserve Bank of New York, will deliver a keynote speech at the Reykjavik Economic Conference on May 9 at 18:15, and will speak at the Hoover Monetary Policy Conference at 23:30.

Exchange Dynamics

A certain trading platform plans to launch the first US-regulated 24-hour Bitcoin and Ethereum futures contracts on May 9.

Project Progress

The Ethereum ERC-7828 and ERC-7930 standards are expected to be finalized on May 9, aiming to address the address recognition challenges in cross-chain interactions.

Galaxy Digital Holdings plans to go public on NASDAQ on May 16, pending shareholder approval of the restructuring plan at the meeting on May 9.

Token Unlock

Movement(MOVE) will unlock approximately 50 million tokens on May 9 at 20:00, accounting for 2.0% of the current circulation, valued at approximately 8.7 million US dollars.

May 10

TON will officially discontinue the Toncoin Bridge on May 10, and users will no longer be able to transfer Toncoin from TON to Ethereum or BNB Smart Chain through this bridge.

May 11

a16z Speedrun has launched a new round of applications for startups, with a deadline of May 11. The program will provide early-stage startups with investments of up to $1 million and offer close collaboration within 90 days.