Next Week's Key Preview
May 5
Shardeum will conduct TGE on May 5;
Superseed announces SUPR token will be available for claiming on May 5;
May 6
House Republicans will release draft digital asset legislation before May 6;
May 7
Tim Beiko confirms Ethereum mainnet will execute Pectra upgrade on May 7;
May 8
Federal Reserve FOMC to announce interest rate decision, Powell to speak;
From May 5 to May 11, more noteworthy events in the industry are as follows.
May 5
Odaily Planet Daily reports that Layer1 blockchain Shardeum has announced it will conduct TGE on May 5, with more details regarding SHM token airdrop, sales distribution, and listing to be released soon.
Superseed announces SUPR token will be available for claiming on May 5
Odaily Planet Daily reports that Layer2 network Superseed has announced that SUPR tokens for public sale participants will be available for claiming at 22:00 Beijing time on May 5, with no deadline for claiming, but they can only be claimed on the Superseed mainnet.
Hyperliquid announces new fee structure and staking levels will go live on May 5
Odaily Planet Daily reports that Hyperliquid has announced that the new fee structure and staking levels will go live around 03:00 (UTC) on May 5. The changes include:
Staking HYPE can reduce trading fees;
Different fee standards will apply for perpetual contracts and spot trading;
Spot trading volume will be counted double when calculating fee tiers.
The testnet has now opened the staking and trading account association feature, allowing users to apply staking discounts from one account to another trading account. This feature is expected to officially launch shortly after the new fee structure and staking levels go live.
IOTA: Rebased network plans to upgrade on May 5
Odaily Planet Daily reports that according to official news, the upgrade date for the IOTA Rebased network has been set for May 5, 2025, transitioning from the Stardust network to the new IOTA network. For IOTA token holders, the Rebased upgrade will be seamless, requiring no token migration; users simply need to load their existing wallets into the new wallet to start using it.
May 6
House Republicans will release draft digital asset legislation before May 6
Odaily Planet Daily reports that the Republican leadership of the U.S. House Financial Services Committee and Agriculture Committee will release a discussion draft before the May 6 hearing, aiming to establish an important regulatory framework for digital assets. The draft is expected to be similar to the "Financial Innovation and Technology for the 21st Century Act" (FIT 21) passed by the House last year, which aims to clarify when digital assets are regulated by the SEC, CFTC, or both. A senior executive from the Blockchain Association stated that the draft is "90% similar to FIT 21," but the Trump family's involvement in the crypto space "has complicated the legislative work." (The Block)
EVM trading aggregator Enso will launch Enso Shortcut Speedrun event on May 6
Odaily Planet Daily reports that EVM trading aggregator Enso has announced on the X platform that the Enso Shortcut Speedrun will start at 4 PM Central European Time on May 6, allowing users to launch their own blockchain applications with minimal operations and compete for ENSO airdrop supply shares. The Enso Shortcut Speedrun has four main sites, each offering opportunities to accumulate NOS and climb the leaderboard, including DeFi, AI, social, and applications.
May 7
Tim Beiko confirms Ethereum mainnet will execute Pectra upgrade on May 7
Odaily Planet Daily reports that Tim Beiko, head of protocol support at the Ethereum Foundation, has announced that the Pectra upgrade will be executed on Ethereum on May 7, with an expected epoch height of 364032.
Binance will delist multiple leveraged trading pairs on May 7
Odaily Planet Daily reports that according to an official announcement, Binance will delist multiple leveraged trading pairs at 06:00 (UTC) on May 7, 2025, including full-margin leveraged trading pairs such as ALT/FDUSD, BIO/FDUSD, GPS/FDUSD, and isolated-margin leveraged trading pairs such as ALT/FDUSD, GPS/FDUSD, TRU/BTC. Starting from 06:00 (UTC) on May 2, Binance will suspend the lending function for the aforementioned isolated-margin leveraged trading pairs. Users are advised to close positions or transfer assets to their spot accounts before 06:00 (UTC) on May 7.
Pharos Network announces testnet launch on May 7
Odaily Planet Daily reports that Pharos Network, a Layer 1 public chain focused on the RWA track, has announced that its testnet will officially launch on May 7. The purpose of this testnet release is to showcase Pharos' innovative Layer 1 solutions, which feature high throughput to enhance on-chain transaction speed; at the same time, EVM compatibility allows developers to migrate and deploy Ethereum applications, thereby accelerating the development of the on-chain RWA ecosystem.
May 8
Federal Reserve FOMC to announce interest rate decision, Powell to speak
Odaily Planet Daily reports that at 2:00 AM Beijing time on May 8 (Thursday), the Federal Reserve FOMC will announce its interest rate decision; subsequently, at 2:30 AM, Federal Reserve Chairman Powell will hold a monetary policy press conference.
Coinbase announces it will suspend trading of GUSD and GYEN
Odaily Planet Daily reports that Coinbase has announced that it will suspend trading of Gemini Dollar (GUSD) and GYEN (GYEN) around 2 PM Eastern Time on May 7, 2025 (2:00 AM Beijing time on May 8) based on recent reviews.
Former Celsius CEO Alex Mashinsky's sentencing will be announced on May 8
Odaily Planet Daily reports that U.S. federal prosecutors have submitted over 200 victim statements to the Manhattan federal court, accusing Celsius Network founder and former CEO Alex Mashinsky. These statements detail the economic losses and life impacts suffered by users due to the collapse of Celsius. Mashinsky pleaded guilty in December 2023 to one count of commodity fraud and one count of securities fraud, facing a maximum sentence of 30 years in prison. Most victims are requesting the court to impose the maximum sentence, while a few are calling for leniency. Mashinsky's sentencing will be announced on May 8, with his defense team requesting no more than 366 days of imprisonment. (Cointelegraph)
May 9
Odaily Planet Daily reports that Galaxy Digital has announced it has received approval from the U.S. Securities and Exchange Commission (SEC) for its S-4 registration statement, marking a critical stage in its process of relocating its registration from the Cayman Islands to Delaware, U.S., and planning to list on NASDAQ. The company will hold a special shareholder meeting at 22:00 Beijing time on May 9 to review restructuring matters, with the restructuring expected to be completed in mid-May, followed by listing on NASDAQ under the ticker symbol "GLXY." Currently, Galaxy Digital is listed on the Toronto Stock Exchange.
May 10
TON announces it will officially close Toncoin Bridge on May 10, 2025
Odaily Planet Daily reports that TON has announced it will officially close the Toncoin Bridge, which has been in operation for nearly four years, on May 10, 2025. At that time, users will no longer be able to transfer Toncoin from TON to Ethereum or BNB Smart Chain through this bridge, but previously cross-chain assets can still be claimed. The bridging function from Toncoin to TON will be temporarily retained, with a future announcement regarding the termination date.
May 11
None
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