News Preview:
- The U.S. Senate will vote on May 11 on whether to initiate a cloture procedure regarding the nomination of Kevin Warsh as the 17th Chair of the Federal Reserve;
- Avalanche (AVAX) will unlock approximately 1.67 million tokens at 8:00 AM Beijing Time on May 12, representing about 0.31% of the circulating supply and valued at approximately $16.5 million;
- Base's first independent network upgrade, "Base Azul," will go live on mainnet on May 13.
- At 20:30 on Tuesday, the U.S. releases April CPI data;
- The U.S. Senate Banking Committee will hold a hearing on the CLARITY Act on May 14;
- Arbitrum (ARB) will unlock approximately 92.65 million tokens at 9:00 PM Beijing Time on May 16, representing about 1.71% of the circulating supply and valued at approximately $13 million.
May 11
Regulatory Policy:
The U.S. Senate will vote on May 11 on whether to invoke cloture on Kevin Warsh’s nomination for Chair of the Federal Reserve.
The U.S. Senate will vote on Monday, May 11, on whether to invoke cloture on the nomination of Kevin Warsh to become the 17th Chair of the Federal Reserve. After this step, the Senate will determine the date for the final vote to confirm Warsh’s nomination. For reference, Powell’s term expires on May 15.
Project Updates:
Roundhill submits the effective date for the world's first prediction market ETF, scheduled for May 11.
Bloomberg ETF analyst Eric Balchunas posted on X that Roundhill has submitted the new effective date for the world’s first prediction market ETF, set for May 11 (Monday), delayed by several days from the original plan.
Eric Balchunas indicated that it is speculated Roundhill may have communicated with regulators today, but this is not confirmed. The related filings show that the application is intended to take effect on May 11, 2026, under Rule 485. The ETF involves the underlying assets $REDP and $BLUP.
Venus will shut down the vSXP market on May 11; users must withdraw their funds in advance.
The lending protocol Venus Protocol has announced that its vSXP market will cease operations after May 11 due to the lack of oracle support and declining liquidity, rendering it unable to be priced. Venus Protocol advises users to close all vSXP market positions and withdraw their funds before the May 11 deadline. Venus will not be responsible for any funds not withdrawn after May 11.
HashKey Exchange, in collaboration with The Shanghai Commercial Bank, launches a co-branded Visa credit card, with registration opening on May 11.
Ru Haiyang, CEO of the Exchange Business Group at HashKey Group, announced at the "2026 Hong Kong Web3 Carnival" 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 Asia’s first co-branded Visa credit cards issued jointly by a bank and a licensed digital asset exchange. The card requires no pre-deposit or collateral, and all transactions are settled in fiat currency. Users will earn 2% cryptocurrency cashback on spending in Hong Kong and 4% cryptocurrency cashback on overseas spending.
Token unlock:
BASED will unlock approximately 50 million tokens at 8:00 AM Beijing Time on May 11, accounting for about 20.41% of the circulating supply, with a value of approximately $5 million.
May 12
Macroeconomics:
On Tuesday, May 12 at 20:30, the U.S. will release the April CPI data;
Exchange:
Coinbase will suspend trading of Chrono.tech (TIME) effective May 12.
According to the official announcement, after a regular review, Coinbase has decided to suspend trading of Chrono.tech (TIME) around 2:00 AM Beijing Time on May 12, 2026. Trading on Coinbase.com, Coinbase Exchange, and Coinbase Prime will be halted at that time. The TIME order book has been switched to limit-only mode, allowing limit orders to be placed and canceled, though existing orders may still fill. Users’ TIME funds remain accessible and withdrawal functionality is preserved.
Project Updates:
Ronin will migrate to Ethereum Layer 2 on May 12, during which the mainnet will be offline for approximately 10 hours.
The gaming blockchain Ronin will migrate from an Ethereum sidechain to an Ethereum Layer 2 on May 12, triggered at block height 55,577,490, when Ronin will transition to the OP Stack. During the migration, the mainnet will be offline for approximately 10 hours, from 11:00 AM to 9:00 PM Eastern Time, during which games may be temporarily inaccessible. After the migration, the RON token inflation rate will drop sharply from over 20% to under 1%, while network transaction fees will increase from 0.5% to 1.25%. The 90 million RON previously allocated for staking will be redistributed to the Ronin treasury. Additionally, a "Distribution Proof" system will be introduced to automatically allocate RON rewards to developers.
Vice President of Growth at the Starknet Foundation: strkBTC is scheduled to launch on May 12.
Damian Chen, Vice President of Growth at the Starknet Foundation, stated at the Bitcoin 2026 conference that strkBTC, a privacy-preserving wrapped Bitcoin asset based on zero-knowledge proofs, is scheduled to launch officially on May 12. strkBTC maintains a 1:1 peg with Bitcoin, and its cross-chain governance is jointly managed by multi-signature protocols from UTXO, Twinsnake, Luganodes, Xverse, and others, with a third-party asset screening mechanism in place to prevent prohibited or sanctioned assets from entering the privacy pool.
After users bridge Bitcoin to Starknet and deposit into the privacy pool, all transactions and transfers within the pool are completely invisible to external observers. When withdrawing, users can choose to send funds to one or more new addresses; external observers can only see funds entering the bridge contract and exiting the cross-chain contract, but cannot trace the intermediate path. The privacy pool uses a cryptographic credential system, allowing users to hold a viewing key that decrypts their own transaction records, which they can optionally present to tax authorities or law enforcement for compliant auditing.
Token unlock:
Avalanche (AVAX) will unlock approximately 1.67 million tokens at 8:00 AM Beijing Time on May 12, representing about 0.31% of the circulating supply and valued at approximately $16.5 million.
May 13
Macroeconomics:
On Wednesday, May 13 at 20:30, the U.S. will release the annual and monthly PPI for April;
Project Updates:
The Ethereum Foundation has opened applications for EPF7, which will close on May 13.
The Ethereum Foundation has opened applications for the seventh round of the Ethereum Protocol Fellowship (EPF7). The application deadline is May 13, 2026, and the program will run from June to November. Compared to previous rounds, this cohort will be smaller, with a greater emphasis on depth of participation rather than breadth. Selected developers will receive a monthly stipend and mentorship from core developers.
Base: The first independent network upgrade, "Base Azul," will go live on mainnet on May 13.
Base has announced that its first independent network upgrade, "Base Azul," will go live on mainnet on May 13, 2026. Azul is already live on testnet and aims to enhance 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 enabling withdrawals to be completed in as little as one day; integrating into a unified high-performance client stack—base-reth-node and base-consensus—reducing the number of empty blocks per day from approximately 200 to about 2, while consistently sustaining burst throughput of 5,000 TPS; and aligning with the Ethereum Osaka execution layer specification. Base is simultaneously launching an Immunefi audit competition with a prize pool of up to $250,000. Future upgrades include a performance upgrade in late June and a user experience upgrade in late August. Base will also launch the public development network Vibenet in mid-May.
Stable will launch the mainnet v1.3.0 upgrade on May 13.
Stable announced that the mainnet v1.3.0 upgrade will be activated on May 13 at 15:00 UTC, at block height 24,077,500. This release focuses on enhancing execution security and improving network consistency, including strengthened protections for precompiled executions, EVM execution fixes and consistency improvements, and enhanced RPC reliability. The official team stated 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 disruptions to deposit and withdrawal processes.
Token unlock:
Aptos (APT) will unlock approximately 11.31 million tokens at 2:00 AM Beijing Time on May 13, representing about 0.67% of the circulating supply and valued at approximately $12.4 million.
May 14
Regulatory Policy:
The U.S. Senate Banking Committee will hold a hearing on the CLARITY Act on May 14.
The U.S. Senate Banking Committee has announced that a hearing on the CLARITY Act will be held on Thursday, May 14, at 10:30 a.m. The bill has been stalled since January due to issues surrounding stablecoin yields; last month, Senators Thom Tillis and Angela Alsobrooks released a compromise text that prohibits crypto companies from offering returns on static stablecoin reserves but permits rewards for active participation in stablecoins, seemingly resolving one of the key obstacles blocking the bill’s progress.
Banking groups still have objections to the compromise text, with several industry organizations, including the American Bankers Association, stating that "more work is needed." Senator Kirsten Gillibrand noted that the bill needs to include ethical provisions prohibiting senior government officials from profiting while regulating the cryptocurrency industry, but this issue may not be addressed in the Senate Banking Committee’s version of the bill.
Exchange:
The Moscow Exchange will launch futures trading for Solana, Ripple, and Tron on May 14.
The Moscow Exchange has announced that it will launch futures trading on new indices for Solana, Ripple, and Tron on May 14, available exclusively to qualified investors. These instruments are settled in Russian rubles and do not involve physical delivery of digital assets. The Solana index futures are quoted in U.S. dollars, with a minimum price fluctuation and tick value of $0.01 each; the Ripple and Tron index futures have a minimum price fluctuation of $0.0001 and a tick value of $0.01. Contract durations are one month, with the last trading day falling on the last Friday of each month. Contracts expiring in June, July, and August will be available starting May 14. Additionally, the Moscow Exchange will begin calculating and publishing indices for Solana, Ripple, Tron, and BNB on May 13.
Project Updates:
The DeFi protocol Carrot has announced its upcoming shutdown, with May 14 as the deadline for fund withdrawals.
The Solana ecosystem DeFi protocol Carrot has announced it will soon shut down. Carrot stated that the Drift exploit event 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, after which the system will begin deleveraging, reducing all leverage to zero and releasing all liquidity for CRT redemptions. Carrot confirmed that any recovered funds from Drift will still be distributed as previously promised, though no specific timeline is currently available.
May 15
Project Updates:
The Dmail Network will begin phasing out operations on May 15; users must export their emails before this date.
The decentralized email project Dmail Network will gradually shut down all services starting May 15, 2026. Users must export their email content and request account deletion before this date, after which all data will be permanently removed. Dmail stated that the project is unable to achieve healthy, sustainable operations due to high costs of decentralized infrastructure, an unproven commercialization path, lack of practical use cases for its token, and core team attrition. The team had anticipated this outcome following similar transitions by projects such as Lens and Friend.tech. Founded in 2021, Dmail previously aimed to provide a decentralized email service that protects privacy and is not controlled by any single entity.
The Cosmos ecosystem lending blockchain, UX Chain, will cease all operations on May 15.
The Cosmos ecosystem lending blockchain, UX Chain, announced on X that it will be gradually shutting down, with the platform's liquidation process set to begin on April 30 and full operations expected to cease by May 15. Users must settle all open positions before this time. UX reserves and treasury funds will be used to cover protocol funding shortfalls, with further details to be published on the governance forum.
Token unlock:
Connex (CONX) will unlock approximately 1.32 million tokens at 8:00 AM Beijing Time on May 15, representing about 1.49% of the circulating supply and valued at approximately $18.1 million.
Starknet (STRK) will unlock approximately 127 million tokens at 8:00 AM Beijing Time on May 15, representing about 4.05% of the circulating supply and valued at approximately $6.8 million.
Sei (SEI) will unlock approximately 55.56 million tokens at 8:00 PM Beijing Time on May 15, representing about 0.95% of the circulating supply and valued at approximately $3.8 million.
May 16
Project Updates:
The chain gaming infrastructure team Lattice has announced a phased shutdown of its operations, and the Redstone network will cease operations on May 16.
The chain gaming infrastructure team Lattice has announced that it will gradually shut down operations after five years of operation, with its Layer 2 network Redstone set to cease operations on May 16, 2026, at 07:59 (UTC+8). Lattice reminds users to withdraw their funds before this deadline, particularly assets in contracts such as Uniswap pools. After shutdown, only a Layer 1 withdrawal contract will be deployed to allow withdrawals from external account balances; funds within contracts will be irrecoverable.
Lattice was founded in 2021 with the mission of building autonomous worlds, developing tools such as the MUD framework, Redstone chain, Quarry, and Dozer, but failed to establish a sustainable business model. The team allocated its remaining funds to its final project, the DUST autonomous world, though its scale was insufficient to support the business, and the team did not believe venture capital funding was the right path. DUST has been migrated to DUST Chain; MUD is fully functional, audited by OpenZeppelin, and completely open source; Quarry and Dozer are now open source.
Token unlock:
Arbitrum (ARB) will unlock approximately 92.65 million tokens at 9:00 PM Beijing Time on May 16, representing about 1.71% of the circulating supply and valued at approximately $13 million.
May 17
None available