News Preview:
- The U.S. Senate will vote on May 11 to determine whether to initiate the "cloture" procedure on the nomination of Kevin Walsh as the 17th Chairman of the Federal Reserve;
- Avalanche (AVAX) will unlock approximately 1.67 million tokens at 8 AM Beijing time on May 12, with a ratio to circulating supply of about 0.31%, worth approximately 16.5 million USD;
- The first independent network upgrade "Base Azul" will go live on the mainnet on May 13;
- On Tuesday at 8:30 PM, the U.S. will announce the CPI data for April;
- The U.S. Senate Banking Committee is scheduled to hold a hearing on the CLARITY Act on May 14;
- Arbitrum (ARB) will unlock approximately 9.265 million tokens at 9 PM Beijing time on May 16, with a ratio to circulating supply of about 1.71%, worth approximately 13 million USD
May 11
Policy Regulation:
The U.S. Senate will vote on May 11 on whether to initiate the "cloture" procedure for Kevin Walsh's nomination to serve as Chairman of the Federal Reserve
The U.S. Senate will vote on Monday (May 11) on whether to initiate the "cloture" procedure for the nomination of Kevin Walsh as the 17th Chairman of the Federal Reserve. Following this step, the Senate will decide the date for the final vote to confirm Walsh's nomination. For reference, Powell's term will expire on May 15.
Project Updates:
Bloomberg ETF analyst Eric Balchunas stated on X platform that Roundhill has just submitted a new effective date for the world's first prediction market ETF, slated for May 11 (Monday), delayed by several days from the previous plan.
Eric Balchunas speculated that Roundhill may have communicated with regulators today, but it is still uncertain. Relevant documents show that the application aims to take effect on May 11, 2026, under Rule 485. The ETF involves underlying assets including $REDP and $BLUP.
Venus to close the vSXP market on May 11, users must withdraw funds in advance
Lending protocol Venus Protocol announced that its vSXP market will be unable to price post-May 11 due to a lack of oracle support and continuous decline in liquidity. The market will stop operating at that time. Venus Protocol reminds users to close all vSXP market positions and withdraw funds before the deadline of May 11. Funds not withdrawn after May 11 will not be the responsibility of Venus.
HashKey Exchange launches co-branded Visa credit card with Shanghai Commercial Bank, open for registration on May 11
HashKey Group Exchange Business CEO Ru Haiyang said at the "2026 Hong Kong Web3 Carnival" that HashKey Exchange will collaborate with Shanghai Commercial Bank to launch a co-branded Visa credit card, open for registration on May 11. This card is one of the first co-branded Visa credit cards issued by a bank and a licensed digital asset exchange in Asia. The card requires no pre-deposit, no collateral, and all expenses are completed using fiat currency. Users receive 2% cryptocurrency cashback for spending in Hong Kong and 4% cryptocurrency cashback for spending overseas.
Token Unlock:
Based (BASED) will unlock approximately 50 million tokens at 8 AM Beijing time on May 11, with a ratio to circulating supply of about 20.41%, worth approximately 5 million USD
May 12
Macroeconomics:
On May 12, Tuesday at 8:30 PM, the U.S. will announce the CPI data for April;
Exchanges:
Coinbase will suspend trading of Chrono.tech (TIME) starting May 12
According to the official announcement, after a regular review, Coinbase has decided to suspend trading of Chrono.tech (TIME) around 2 AM Beijing time on May 12, 2026. At that time, trading on Coinbase.com, Coinbase Exchange, and Coinbase Prime will be suspended. The TIME order book has switched to limit order mode, where limit orders can be placed and canceled, but orders may still be executed. Users' TIME funds will still be accessible, and withdrawal functions will remain.
Project Updates:
The game blockchain Ronin will migrate from the Ethereum sidechain to Ethereum Layer 2 on May 12, triggered at block height 55,577,490, transitioning to OP Stack. During the migration, the mainnet will be down for about 10 hours, from 11 AM to 9 PM Eastern Time, during which the game may be temporarily inaccessible. After the migration, the inflation rate of RON tokens will drop sharply from over 20% to below 1%, and the market fee will increase from 0.5% to 1.25%. The previously staked 90 million RON will be reallocated to the Ronin treasury. A "proof of distribution" system will also be launched to automatically allocate RON rewards to developers.
Starknet Foundation Growth VP: strkBTC plans to go live on May 12
Damian Chen, VP of Growth at Starknet Foundation, stated at the "Bitcoin 2026" conference that the privacy bitcoin wrapped asset strkBTC based on zero-knowledge proofs plans to officially launch on May 12. strkBTC maintains a 1:1 peg with bitcoin, governed by a multi-signature mechanism involving UTXO, Twinsnake, Luganodes, Xverse, and others, and has a third-party asset screening mechanism to prevent prohibited or sanctioned assets from entering the privacy pool.
Users will enter the privacy pool after bridging bitcoin to Starknet, where all transactions and transfers within the pool are completely invisible to the outside; when withdrawing, users can choose to send to one or more new addresses. External observers will only see the funds entering the bridging contract and flowing out of the bridging contract, without the ability to track the intermediate paths. The privacy pool uses a cryptographic credential mechanism, allowing users to hold a decryption key for their transaction records, which can be presented to tax authorities or law enforcement for compliant auditing as needed.
Token Unlock:
Avalanche (AVAX) will unlock approximately 1.67 million tokens at 8 AM Beijing time on May 12, with a ratio to circulating supply of about 0.31%, worth approximately 16.5 million USD
May 13
Macroeconomics:
On May 13, Wednesday at 8:30 PM, the U.S. will announce the April PPI annual rate and month-on-month changes;
Project Updates:
The Ethereum Foundation has opened EPF7 applications, which will close on May 13
The Ethereum Foundation has opened applications for the seventh phase of the Protocol Fellowship (EPF7). The application deadline is May 13, 2026, and the project is planned to run from June to November. Compared to previous rounds, this round of fellowships has a smaller scale, focusing more on depth of participation rather than breadth. Selected developers will receive a monthly stipend and mentoring from core developers.
Base: The first independent network upgrade "Base Azul" will go live on the mainnet on May 13
Base announced that its first independent network upgrade "Base Azul" will go live on the mainnet on May 13, 2026. Azul has already launched on the testnet, aimed at enhancing security, performance, and developer experience. Major updates include: activation of a multi-proof system (combining TEE and ZK proofs) to promote Stage 2 decentralization, achieving withdrawals completed within the fastest day; integration into a single high-performance client stack base-reth-node and base-consensus, reducing the number of empty blocks from about 200 per day to about 2, while maintaining a burst throughput of 5000 TPS; alignment with Ethereum Osaka execution layer specifications. Base is synchronously launching an Immunefi audit competition, with a prize pool of up to 250,000 USD. Future upgrade plans include a performance upgrade by the end of June and a user experience upgrade by the end of August. Base will also launch a public development network Vibenet in mid-May.
Stable will launch mainnet v1.3.0 upgrade on May 13
Stable announced that the mainnet v1.3.0 upgrade will activate on May 13 at 3:00 PM, with a block height of 24,077,500. This version focuses on enhancing execution security and improving network consistency, enhancing protection for precompiled execution, EVM execution fixes, and RPC reliability improvements. The official stated that this upgrade is mandatory and not backward compatible, and node operators must complete the upgrade before the specified deadline to avoid potential issues with deposit and withdrawal processes.
Token Unlock:
Aptos (APT) will unlock approximately 11.31 million tokens at 2 AM Beijing time on May 13, with a ratio to circulating supply of about 0.67%, worth approximately 12.4 million USD
May 14
Policy Regulation:
The U.S. Senate Banking Committee is scheduled to hold a hearing on the CLARITY Act on May 14
The U.S. Senate Banking Committee announced it will hold a hearing on the CLARITY Act on May 14 (next Thursday) at 10:30 AM. This bill has been stalled since January due to issues related to stablecoin yields. Last month, Senator Thom Tillis and Angela Alsobrooks released a compromise text that prohibits cryptocurrency companies from offering yields on static stablecoin reserves but allows rewards for stablecoins involved in activities, which seemingly addresses one of the key issues hindering the bill's progress.
Banking groups have raised objections to the compromise text, with several industry organizations, including the American Bankers Association, stating "more work is needed." Senator Kirsten Gillibrand noted that the bill needs to incorporate ethical clauses to prohibit senior government officials from profiting while regulating the cryptocurrency industry; however, this issue may not be addressed in the Senate Banking Committee's version of the bill.
Exchanges:
The Moscow Exchange will launch futures trading for Solana, Ripple, and Tron on May 14
The Moscow Exchange announced it will launch a new settlement futures trading for three digital asset indices, Solana, Ripple, and Tron, starting May 14, limited to qualified investors. These instruments will settle in Russian Rubles and will not involve physical delivery of digital assets. The Solana index futures will be quoted in USD, with a minimum price change of 0.01 USD; the minimum price change for Ripple and Tron index futures will be 0.0001 USD, with a change value of 0.01 USD. The contract term is one month, with the last trading day being the last Friday of each month. As of May 14, contracts expiring in June, July, and August will be offered. Furthermore, the Moscow Exchange will begin calculating and publishing indices for four cryptocurrencies: Solana, Ripple, Tron, and BNB starting May 13.
Project Updates:
DeFi protocol Carrot announces upcoming closure, with May 14 as the deadline for fund withdrawals
The Solana ecosystem DeFi protocol Carrot announced its upcoming closure. Carrot stated that the Drift exploit incident has had a catastrophic impact on its ongoing operations. Carrot has set May 14 as the deadline for withdrawing remaining funds from Boost, Turbo, and CRT; thereafter, the system will begin deleveraging, reducing all leverage to zero and releasing all liquidity for CRT redemption. Carrot stated that any recovery funds from Drift will still be allocated as previously promised, but there is currently no specific timetable.
May 15
Project Updates:
Dmail Network will gradually cease operations starting May 15, users must export emails before then
The decentralized email project Dmail Network will gradually stop all services starting May 15, 2026. Users must export email content and apply for account cancellation before this date; thereafter, all data will be completely deleted. Dmail stated that due to high costs of decentralized infrastructure, unproven commercialization paths, lack of practical use cases for the token, and loss of key team members, the project is unable to achieve a healthy and sustainable operation. The transformations of previous projects such as Lens and Friend.tech also led the team to foresee this outcome. Dmail was established in 2021 and aimed to provide privacy-protected, decentralized email services not controlled by a single entity.
Cosmos ecosystem lending blockchain UX Chain will completely cease operations on May 15
The Cosmos ecosystem lending blockchain UX Chain announced on the X platform that it will gradually shut down, with the platform's liquidation process expected to commence on April 30, and a complete halt by May 15. Users must settle any open positions before then. UX reserves and treasury will be used to cover the protocol's funding gap, with specific details to be announced in the governance forum.
Token Unlock:
Connex (CONX) will unlock approximately 1.32 million tokens at 8 AM Beijing time on May 15, with a ratio to circulating supply of about 1.49%, worth approximately 18.1 million USD
Starknet (STRK) will unlock approximately 12.7 million tokens at 8 AM Beijing time on May 15, with a ratio to circulating supply of about 4.05%, worth approximately 6.8 million USD
Sei (SEI) will unlock approximately 55.56 million tokens at 8 PM Beijing time on May 15, with a ratio to circulating supply of about 0.95%, worth approximately 3.8 million USD
May 16
Project Updates:
The blockchain game infrastructure team Lattice announced it will gradually close operations after five years, with its Layer 2 network Redstone scheduled to cease operations on May 16, 2026, at 07:59 (UTC+8). Lattice reminds users to withdraw funds before this deadline, especially assets in contracts like Uniswap pools; after closure, only L1 withdrawal contracts will be deployed for external account balance withdrawals, and funds in the contracts will be unrecoverable.
Lattice was founded in 2021 and aimed to build autonomous worlds, developing tools such as the MUD framework, Redstone chain, Quarry, and Dozer, but failed to achieve a sustainable business model. The team intends to use remaining funds for the final project DUST autonomous world, but the scale has not reached a level to support the business, and they do not believe VC financing is the correct path. DUST has migrated to DUST Chain, MUD is fully functional, audited by OpenZeppelin, and completely open-sourced, while Quarry and Dozer are now also open-sourced.
Token Unlock:
Arbitrum (ARB) will unlock approximately 9.265 million tokens at 9 PM Beijing time on May 16, with a ratio to circulating supply of about 1.71%, worth approximately 13 million USD
May 17
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