Next Week's Key Preview
May 26
Binance Alpha will launch Huma Finance (HUMA) airdrop on May 26;
May 27
The Bitcoin 2025 Conference will be held from May 27 to 29 in Las Vegas;
May 28
U.S. Vice President Vance will give a speech at the "Bitcoin 2025" conference;
Sophon: TGE on May 28, 57% of tokens belong to the community, with 9% allocated for airdrop;
May 30
FTX will begin distributing over $5 billion to creditors on May 30 according to its bankruptcy plan;
June 1
Trump: Suggests imposing a 50% tariff on the EU starting June 1;
Federal Reserve Dynamics
On Monday at 2:40 PM, Federal Reserve Chairman Powell will deliver a commencement address at Princeton University.
On Tuesday at 4:00 PM, 2026 FOMC voting member and Minneapolis Fed President Kashkari will participate in a policy panel discussion at the Bank of Japan's Financial Research Institute.
On Wednesday at 8:00 AM, FOMC permanent voting member and New York Fed President Williams will participate in a panel discussion at the Bank of Japan's Financial Research Institute.
On Wednesday at 4:00 PM, 2026 FOMC voting member and Minneapolis Fed President Kashkari will participate in a discussion and Q&A at Keio University.
On Thursday at 2:00 AM, the Federal Reserve will release the minutes from the May monetary policy meeting.
On Thursday at 8:30 PM, 2027 FOMC voting member and Richmond Fed President Barkin will participate in a fireside chat.
On Thursday at 10:40 PM, 2025 FOMC voting member and Chicago Fed President Goolsbee will participate in a Q&A session.
On Friday at 4:00 AM, 2027 FOMC voting member and San Francisco Fed President Daly will participate in a fireside chat related to economics at the Oakland Rotary Club.
On Friday at 8:25 AM, 2026 FOMC voting member and Dallas Fed President Logan will deliver opening remarks at an event and participate in a discussion.
From May 26 to June 1, more noteworthy events in the industry are as follows.
May 26
Binance Alpha will launch Huma Finance (HUMA) airdrop on May 26
Odaily Planet Daily reports that according to an official announcement, Binance Alpha will launch Huma Finance (HUMA), with trading opening on May 26, and the specific time will be announced later. Eligible users need to use Binance Alpha points to claim the airdrop on the Alpha event page, which will go live on May 26.
SEC opens public comment period for Canary Funds Litecoin ETF, comments due by May 26
Odaily Planet Daily reports that the U.S. Securities and Exchange Commission (SEC) has opened a public comment period for the Canary Funds Litecoin ETF, focusing on whether the ETF proposal meets regulatory requirements to prevent fraud and market manipulation. The deadline for public comments is May 26, 2025, and rebuttal comments are due by June 9, 2025.
Odaily Planet Daily reports that according to @ralexstokes, the 157th Ethereum Consensus Layer Core Developer Meeting (ACDC) has been held, with the following main progress:
The Pectra upgrade has been successfully completed, and core developer Trent summarized technical feedback from different teams. "Pectra Pages" is still open for more community input; Pari is conducting an analysis report after the increase of blob data.
Fusaka direction: peerdas-devnet-7 has been running stably, and the client team is focusing on developing BPO support, aiming to launch fusaka-devnet-0 on May 26, covering PeerDAS, BPO, and MODEXP Gas cost increases, among other EIPs.
Validator hosting-related specifications are being discussed asynchronously on Discord.
The ACD meeting structure is proposed to be restructured: Tim suggested that ACDT focus on the current fork (N), while ACDE/C focus on the next fork (N+1), hoping to allow a broader community to participate in the proposal-making process earlier through structural adjustments, while establishing a tracking mechanism for EIP proposals to the mainnet. The new proposed structure will lock in the main features by early July, with other smaller EIPs integrated later.
May 27
The Bitcoin 2025 Conference will be held from May 27 to 29 in Las Vegas
Odaily Planet Daily reports that Bitcoin Magazine announced on X that the Bitcoin 2025 Conference will be held from May 27 to 29 in Las Vegas, with early bird ticket sales ending on August 2.
May 28
U.S. Vice President Vance will give a speech at the "Bitcoin 2025" conference
Odaily Planet Daily reports that U.S. Vice President Vance will give a speech at the "Bitcoin 2025" conference held in Las Vegas on May 28.
Sophon: TGE on May 28, 57% of tokens belong to the community, with 9% allocated for airdrop
Odaily Planet Daily reports that the modular blockchain Sophon announced on the X platform that the SOPH token will officially launch on May 28. The token economics model includes:
57% of tokens belong to the Sophon community
25% of tokens belong to core contributors (4-year vesting period)
18% of tokens belong to seed investors (3-year vesting period)
Of the 57% of tokens allocated to the community, 20% will be used for node rewards, 26% for our ecosystem reserves, 9% for SOPH airdrop, and 2% for L2 Farm users.
Additionally, the SOPH token claim verification website has been launched. OKX exchange users can pre-register to directly transfer the allocated funds (+5% SOPH reward) to their corresponding OKX exchange accounts at TGE.
May 29
None
May 30
FTX will begin distributing over $5 billion to creditors on May 30 according to its bankruptcy plan
Odaily Planet Daily reports that the bankrupt cryptocurrency exchange FTX's parent company, FTX Trading Ltd., will initiate the second phase of its Chapter 11 reorganization plan on May 30, 2025, distributing over $5 billion to creditors. The FTX bankruptcy management team announced on Thursday that eligible convenience and non-convenience creditors will receive their funds from Bitgo or Kraken within one to three business days from that date. Although the bankruptcy management team has allowed customers to "break even" at market lows due to FTX's previous successful investments in startups like Anthropic and tokens like Solana, they have still faced criticism from some former customers. However, many cryptocurrency traders believe that if traders choose to reinvest, these distributed funds could positively impact token prices. (The Block)
Treasure Chain will close on May 30, users need to withdraw their assets in advance
Odaily Planet Daily reports that according to an official announcement, Treasure Chain will close on May 30, 2025. Asset holders must redeem all ETH, MAGIC, SMOL, and NFT holdings before the end of May.
May 31
None
June 1
Trump: Suggests imposing a 50% tariff on the EU starting June 1
Odaily Planet Daily reports that U.S. President Trump stated on social media that the main purpose of the EU's establishment was to take advantage of the U.S. in trade, but the EU has found it difficult to deal with. Their strong trade barriers, value-added tax, ridiculous corporate penalties, non-monetary trade barriers, currency manipulation, and unfair and unreasonable lawsuits against U.S. companies have led to an annual trade deficit of over $2.5 billion for the U.S., which is completely unacceptable. Our discussions with them have made no progress. Therefore, I suggest imposing a 50% tariff on the EU starting June 1, 2025. No tariffs will be imposed if products are manufactured or produced in the U.S.
In response, EU Trade and Economic Security Commissioner Šefčovič stated that the EU will fully engage and is committed to reaching a mutually beneficial agreement with the U.S. Trade between the EU and the U.S. is unparalleled and must be guided by mutual respect, not threats.
Crypto Market Maker Wintermute to Establish U.S. Headquarters in New York
Odaily Planet Daily reports that crypto market maker Wintermute announced it will open its first U.S. headquarters in downtown Manhattan, New York, on June 1, while appointing policy veteran Ron Hammond as head of policy and advocacy. This move comes as the Trump administration adopts a supportive stance towards the crypto industry, including appointing heads of regulatory agencies that are friendly to crypto. (TheBlock)
FTX Creditors Must Submit KYC Verification by June 1, 2025
Odaily Planet Daily reports that Cointelegraph stated on X that FTX creditors must now submit their KYC verification by the new deadline of June 1, 2025, or their claims may be rejected.
Others (Specific Time Not Yet Determined)
OKX to Delist Some Leverage and Perpetual Contracts Starting Late May
Odaily Planet Daily reports that according to an official announcement, in order to mitigate market risks and provide users with a good trading experience, OKX will periodically delist certain perpetual contracts and leveraged trading pairs. The specific delisting plan is as follows:
In terms of perpetual contract trading, OKX will delist the CRVUSD, THETAUSD, and MANAUSD perpetual contracts at 16:00 (UTC+8) on May 26, 2025. The funding rate during this period will be 0, and users will not incur funding fees or settlement fees for their positions. Considering that market conditions may fluctuate significantly before the contracts are delisted, users are advised to manage risk by reducing actual leverage or closing positions early.
In terms of leveraged trading, OKX will gradually delist the following leveraged trading pairs from May 29 to June 2, 2025: NFT/USDT, RON/USDT, VELO/USDT, RSS3/USDT, MAJOR/USDT, LOOKS/USDT, GLMR/USDT, PERP/USDT, J/USDT, CAT/USDT, BAL/USDT. Additionally, OKX will suspend leveraged trading and spot lending services for the aforementioned trading pairs during the delisting period and will cancel market orders for leveraged trading. Users must return borrowed coins before the delisting; overdue returns will trigger a system-enforced repayment.
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