Overview of Important Events in the Encryption Industry for the Coming Week

May 5

Trading Platform Dynamics

A certain trading platform will launch a new fee structure 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 have different rates; spot trading volume will be counted double when calculating fee levels. The association feature between staking accounts and trading accounts has been launched on the testnet and is expected to be officially released shortly after the new fee structure is activated.

Another trading platform announced that it will adjust the contract marked price on May 5 at 17:00, shortening the price basis from 2.5 minutes to 1 minute.

Project Progress

Layer1 blockchain Shardeum will conduct its token generation event (TGE) on May 5th, with detailed information on the SHM token airdrop, sales distribution, and listing to be announced soon.

The IOTA network will migrate from Stardust to the new Rebased network on May 5th. For token holders, this upgrade will be seamless, requiring no token migration; simply load the existing wallet into the new wallet.

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

token unlock

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

May 6

policy regulation

The U.S. House Financial Services Committee and Agriculture Committee will hold a joint hearing on May 6 at 10:00 a.m. on the topic "The Future of American Innovation and Encryption: A Blueprint for the 21st Century." A regulatory draft on encryption is expected to be released prior to the hearing, focusing on defining the structure of the U.S. encryption market. The draft may be similar to the "21st Century Financial Innovation and Technology Act" (FIT 21) passed last year.

Project Updates

A trading platform will upgrade on May 6 to support native USDC and CCTP V2. After the upgrade, USDC.e will be automatically converted to native USDC, supporting faster and safer cross-chain transfers while connecting to multiple blockchains. The original USDC contract address remains unchanged, with only the name updated to USDC.

token unlock

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

May 7

trading platform dynamics

A certain trading platform will launch the Obol(OBOL) token on May 7th at 18:00, with contract trading opening at 18:30. To prevent network congestion, it is recommended that users participate in trading using limit orders. Eligible users will receive airdrops within 20 minutes after the token goes live, and the points threshold will be announced on May 7th.

Project Progress

The Ethereum Pectra upgrade will officially launch on the mainnet on May 7th. This upgrade includes 11 improvement proposals (EIPs), focusing on optimizing wallet contract functions and increasing the single node staking limit to 2048 ETH.

Pharos Network, a Layer 1 public chain focused on the RWA track, announced that its test network will officially launch on May 7, showcasing features such as 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, worth 6.2 million dollars.

May 8

macroeconomics

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

policy regulation

The U.S. Department of Justice has requested a 20-year prison sentence for the former CEO of a certain encryption lending platform, with the ruling set to take place on May 8. Prosecutors accused him of orchestrating a fraud that resulted in nearly $7 billion in losses for customers.

May 9

macroeconomics

Federal Reserve Bank of New York President Williams will give a keynote speech at the Reykjavik Economic Conference on May 9 at 18:15, and will deliver remarks via pre-recorded video at the Hoover Monetary Policy Conference at 23:30.

Trading Platform Dynamics

A trading platform plans to launch the first U.S. regulated 24x7 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 issues in cross-chain interactions.

A digital asset company plans to go public on Nasdaq on May 16, pending shareholder approval of the restructuring plan 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 USD.

May 10

Project Updates

TON will officially discontinue the Toncoin Bridge on May 10, at which time users will no longer be able to transfer Toncoin from TON to Ethereum or BNB Smart Chain through the bridge, but previously cross-chain assets can still be claimed.

May 11

Developer Activities

A well-known venture capital institution has launched a new round of applications for startups, with a deadline of May 11. The project will provide early-stage startups with investments of up to $1 million, along with close collaboration and promotional support over the next 90 days.