Breaking News Preview:
- The U.S. Senate will vote on May 11 on whether to initiate a "termination of debate" process for Kevin Warsh's nomination to become the 17th Chairman of the Federal Reserve.
- Avalanche (AVAX) will unlock approximately 1.67 million tokens at 8:00 AM Beijing time on May 12th, representing about 0.31% of the circulating supply, with a value of approximately $16.5 million.
- Base's first standalone network upgrade, "Base Azul," will launch on the mainnet on May 13th.
- The US will release its April CPI data at 8:30 PM on Tuesday.
- The U.S. Senate Banking Committee is scheduled to hold a hearing on the CLARITY bill on May 14.
- Arbitrum (ARB) will unlock approximately 92.65 million tokens at 9 PM Beijing time on May 16th, representing about 1.71% of the circulating supply, with a value of approximately $13 million.
May 11
Policy and regulation:
The U.S. Senate will vote on May 11 on whether to initiate a "termination of debate" process for Kevin Warsh's nomination as Federal Reserve Chairman.
The U.S. Senate will vote on Monday (May 11) to initiate a "cloture" (end of debate) regarding Kevin Warsh's nomination as the 17th Chairman of the Federal Reserve. After this step, the Senate will decide on the date for the final vote to confirm Warsh's nomination. For reference, Jerome Powell's term expires on May 15.
Project Updates:
Bloomberg ETF analyst Eric Balchunas wrote on the X platform that Roundhill has just submitted a new effective date for the world's first prediction market ETF, scheduled for May 11 (Monday), a few days later than previously planned.
Eric Balchunas speculated that Roundhill may have communicated with regulators today, but this is not yet confirmed. Documents indicate that the application is intended to become effective on May 11, 2026, under Rule 485. The ETF involves $REDP and $BLUP.
Venus will close the vSXP marketplace on May 11th; users must withdraw their funds in advance.
Lending protocol Venus Protocol issued a notice stating that its vSXP market will cease operation after May 11th due to a lack of oracle support and a continued decline in liquidity, rendering it unable to price data. Venus Protocol advises users to close all vSXP market positions and withdraw funds before the May 11th deadline. Venus will not be responsible for any funds not withdrawn after May 11th.
HashKey Exchange and Shanghai Commercial Bank have launched a co-branded Visa credit card, with registration opening on May 11.
At the "2026 Hong Kong Web3 Carnival," Ru Haiyang, CEO of HashKey Group's Exchange Business Group, announced that HashKey Exchange will partner with Shanghai Commercial Bank to launch a co-branded Visa credit card, with registration opening on May 11. This card is among the first co-branded Visa credit cards in Asia jointly issued by a bank and a licensed digital asset exchange. The card requires no pre-deposit or collateral, and all transactions are completed in fiat currency. Users will receive 2% cashback on crypto purchases in Hong Kong and 4% cashback on overseas purchases.
Token unlocking:
Based (BASED) will unlock approximately 50 million tokens at 8:00 AM Beijing time on May 11th, representing about 20.41% of the circulating supply, worth approximately $5 million.
May 12
Macroeconomics:
At 8:30 PM on Tuesday, May 12th, the US will release its April CPI data;
Exchange:
Coinbase will suspend trading on Chrono.tech (TIME) starting May 12.
According to an official announcement, following a periodic review, Coinbase has decided to suspend trading on Chrono.tech (TIME) at approximately 2:00 AM Beijing time on May 12, 2026. At that time, trading on Coinbase.com, Coinbase Exchange, and Coinbase Prime will also be suspended. The TIME order book has been switched to limit order mode, where limit orders can be placed and cancelled, and orders may still be executed. Users' TIME funds will remain accessible, and withdrawal functionality will be retained.
Project Updates:
The gaming blockchain Ronin will migrate from an Ethereum sidechain to Ethereum Layer 2 on May 12th. This migration will be triggered at block height 55,577,490, at which time Ronin will transition to the OP Stack. During the migration, the mainnet will be down for approximately 10 hours, from 11:00 AM to 9:00 PM Eastern Time, and games may be temporarily inaccessible. After the migration, the RON token inflation rate will plummet from over 20% to below 1%, market fees will increase from 0.5% to 1.25%, and the 90 million RON previously used for staking will be redistributed to the Ronin treasury. A "proof of allocation" system will also be launched to automatically distribute RON rewards to developers.
Starknet Foundation VP of Growth: strkBTC is scheduled to launch on May 12th.
Damian Chen, VP of Growth at the Starknet Foundation, announced at the "Bitcoin 2026" conference that strkBTC, a privacy-encapsulated Bitcoin asset based on zero-knowledge proofs, is scheduled to officially launch on May 12th. strkBTC maintains a 1:1 peg to Bitcoin, and its cross-chain governance is jointly implemented by institutions such as UTXO, Twinsnake, Luganodes, and Xverse. It also features a third-party asset screening mechanism to prevent prohibited or sanctioned assets from entering the privacy pool.
After users cross-chain their Bitcoin to Starknet, it enters a privacy pool. All transactions and transfers within the pool are completely invisible to the outside world. When withdrawing funds, users can choose to send them to one or more new addresses. External observers can only see funds entering the bridging contract and flowing out of the cross-chain contract; they cannot trace the intermediate path. The privacy pool uses a cryptographic credential mechanism. Users hold a viewing key that can decrypt their own transaction records and can present it to tax authorities or law enforcement agencies as needed for compliance audits.
Token unlocking:
Avalanche (AVAX) will unlock approximately 1.67 million tokens at 8:00 AM Beijing time on May 12th, representing about 0.31% of the circulating supply, with a value of approximately $16.5 million.
May 13
Macroeconomics:
At 20:30 on Wednesday, May 13th, the US will release its April PPI year-on-year and month-on-month rates.
Project Updates:
The Ethereum Foundation has opened applications for EPF7, with a deadline of May 13th.
The Ethereum Foundation has opened applications for the seventh Protocol Fellowship (EPF7). The application deadline is May 13, 2026, and the program is scheduled to run from June to November. Compared to previous cohorts, this year's fellowship is smaller in scale, prioritizing depth of participation over breadth. Selected developers will receive a monthly stipend and mentorship from core developers.
Base: The first standalone network upgrade, "Base Azul," will launch on the mainnet on May 13th.
Base announced that its first standalone network upgrade, "Base Azul," will launch on the mainnet on May 13, 2026. Azul is already live on the testnet and aims to improve security, performance, and the developer experience. Key updates include: activating a multi-proof system (combining TEE and ZK proofs) to advance Stage 2 decentralization and enable withdrawals in as little as one day; integrating into a single high-performance client stack, base-reth-node and base-consensus, reducing the number of empty blocks from approximately 200 per day to approximately 2, and maintaining burst throughput of 5000 TPS on multiple occasions; and aligning with the Ethereum Osaka execution layer specification. Base is also launching an Immunefi audit competition with a prize pool of up to $250,000. Future upgrade plans include a performance upgrade at the end of June and a user experience upgrade at the end of August. Base will also launch its public development network, Vibenet, in mid-May.
Stable will launch its mainnet v1.3.0 upgrade on May 13th.
Stable announced that the mainnet v1.3.0 upgrade will be activated on May 13th at 15:00, with an upgrade height of 24077500. This version focuses on enhancing execution security and improving network consistency, including enhanced protection for pre-compiled execution, EVM execution fixes and consistency improvements, and RPC reliability improvements. The official statement indicates that this upgrade is mandatory and not backward compatible; node operators must complete the upgrade before the specified deadline to avoid potential issues such as deposit and withdrawal processes.
Token unlocking:
Aptos (APT) will unlock approximately 11.31 million tokens at 2:00 AM Beijing time on May 13th, representing about 0.67% of the circulating supply, with a value of approximately $12.4 million.
May 14
Policy and regulation:
The U.S. Senate Banking Committee is scheduled to hold a hearing on the CLARITY bill on May 14.
The U.S. Senate Banking Committee announced that it will hold a hearing on the CLARITY bill on Thursday, May 14, at 10:30 a.m. The bill has been stalled since January due to issues such as stablecoin yields. Last month, Senators Thom Tillis and Angela Alsobrooks released a compromise text that prohibits crypto companies from offering yields on static stablecoin reserves but allows rewards for stablecoins participating in activities. This appears to have resolved one of the key issues hindering the bill's progress.
Banking groups remain critical of the compromise text, with several industry organizations, including the American Bankers Association, stating that "more work is needed." Senator Kirsten Gillibrand pointed out that the bill needs to include ethics provisions to prohibit senior government officials from profiting from regulating the crypto industry, but this issue is unlikely to be addressed in the Senate Banking Committee version of the bill.
Exchange:
The Moscow Exchange will launch futures trading for Solana, Ripple, and Tron on May 14.
The Moscow Exchange announced the launch of new settled futures trading for three digital asset indices—Solana, Ripple, and Tron—on May 14th, open only to accredited investors. These instruments are settled in Russian rubles and do not involve physical delivery of the digital assets. Solana index futures are quoted in US dollars, with a minimum price fluctuation and a change in value of $0.01; Ripple and Tron index futures have a minimum price fluctuation of $0.0001 and a change in value of $0.01. The contracts have a one-month term, with the last trading day being the last Friday of each month. Contracts expiring in June, July, and August will be available starting May 14th. In addition, the Moscow Exchange will begin calculating and publishing indices for four cryptocurrencies—Solana, Ripple, Tron, and BNB—on May 13th.
Project Updates:
Carrot, a DeFi protocol within the Solana ecosystem, has announced its impending shutdown. Carrot stated that the Drift exploit had a catastrophic impact on its continued operations. Carrot has set May 14th as the deadline for withdrawing remaining funds from Boost, Turbo, and CRT, after which the system will begin deleveraging, reducing all leverage to zero and releasing all liquidity for CRT redemptions. Carrot stated that any recovery funds from Drift will still be distributed as previously promised, but no specific timeline has been provided at this time.
May 15
Project Updates:
Decentralized email project Dmail Network will gradually cease all services starting May 15, 2026. Users must export their email content and apply to cancel their accounts before then; all data will be completely deleted afterward. Dmail stated that due to factors such as the high cost of decentralized infrastructure, the failure to establish a viable commercialization path, the lack of practical use cases for its token, and the loss of core team members, the project could not achieve healthy and sustainable operation. The team foresaw this outcome, similar to the transformations of projects like Lens and Friend.tech. Founded in 2021, Dmail was committed to providing privacy-preserving decentralized email services that were not controlled by a single entity.
The Cosmos ecosystem lending blockchain UX Chain will be completely shut down on May 15th.
UX Chain, the lending blockchain within the Cosmos ecosystem, announced on the X platform that it will be gradually shutting down. The platform's liquidation process will begin on April 30th, with a complete shutdown expected by May 15th. Users are required to close out any open positions before this date. UX reserves and the treasury will be used to cover the protocol's funding shortfall; specific details will be announced on the governance forum.
Token unlocking:
Connex (CONX) will unlock approximately 1.32 million tokens at 8:00 AM Beijing time on May 15th, representing about 1.49% of the circulating supply, with a value of approximately $18.1 million.
Starknet (STRK) will unlock approximately 127 million tokens at 8:00 AM Beijing time on May 15th, representing about 4.05% of the circulating supply, worth approximately $6.8 million.
Sei (SEI) will unlock approximately 55.56 million tokens at 8 PM Beijing time on May 15th, representing about 0.95% of the circulating supply, with a value of approximately $3.8 million.
May 16
Project Updates:
Lattice, the blockchain infrastructure team, announced that it will gradually shut down its operations after five years. Its Layer 2 network, Redstone, will cease operation on May 16, 2026 at 07:59 (UTC+8). Lattice reminds users to withdraw funds before this deadline, especially assets in contracts such as Uniswap pools. After the shutdown, only L1 withdrawal contracts will be deployed for external account balance withdrawals; funds in these contracts will be irrecoverable.
Founded in 2021, Lattice was dedicated to building autonomous worlds and developed tools such as the MUD framework, Redstone Chain, Quarry, and Dozer, but failed to achieve a sustainable business model. The team used remaining funds for their final project, DUST Autonomous World, but it was not large enough to support a business and they did not believe that VC funding was the right path. DUST has since migrated to DUST Chain, the MUD is now fully functional, audited by OpenZeppelin, and completely open source, and Quarry and Dozer are now open source as well.
Token unlocking:
Arbitrum (ARB) will unlock approximately 92.65 million tokens at 9 PM Beijing time on May 16th, representing about 1.71% of the circulating supply, with a value of approximately $13 million.
May 17
None available
