This week's macroeconomic and key event interpretations are as follows:
May 12: The qualification ranking for the #TRUMP dinner will be locked;
The US #SEC announced that the fourth crypto roundtable will be held, with the SEC Chairman and Nasdaq attending;
A joint statement from China and the US, with a comprehensive and significant reduction in tariffs;
May 13: The US will release April #cpi data on May 13 at 20:30;
May 14: Vaulta: The #eos token is proposed to be exchanged for A token, with an exchange ratio of 1:1;
May 15: Obol will have TGE;
May 16: Galaxy plans to go public on Nasdaq;
May 17: Terra: The deadline for submitting loss claims to the Terraform liquidation trust fund is May 17;
Others (exact time to be determined): The US Treasury will hold multiple roundtable meetings for the crypto industry this week.
According to CoinAnk data, the crypto market is facing a complex interplay of multiple macro and industry events this week. The joint statement from China and the US and the significant reduction in tariffs have led to a drop in gold prices, while US stock index futures rebounded, with #BTC once rising nearly $106,000. The SEC's fourth crypto roundtable meeting on May 12 focused on 'asset tokenization', with deep participation from traditional financial institutions like BlackRock and Fidelity possibly pushing for a refinement of the regulatory framework, but it may also strengthen compliance constraints in the DeFi sector, raising market concerns about policy uncertainty in the short term. Additionally, if the US April CPI data released on May 13 continues the cooling trend of March, it may solidify market expectations for Federal Reserve rate cuts, enhancing the appeal of risk assets. However, if the data rebounds beyond expectations, it may lead to pressure on the crypto market synchronized with US stocks.
On the industry level, the EOS token exchange for A tokens may cause short-term price fluctuations, but Vaulta's tokenomics design implies an inflation trap and potential selling pressure, which may weaken investor confidence in the long run. The listing of Galaxy on Nasdaq marks traditional capital's recognition of crypto infrastructure, which could boost market sentiment. In addition, Trump's dinner qualification is linked to the TRUMP token, showing political forces' outreach to the crypto community, which may push the industry's regulatory stance toward a more lenient direction.
The interplay of regulatory dynamics and economic data will become the dominant factor this week. If the CPI data is mild and the SEC meeting releases positive signals, the crypto market may continue its recent upward trend; however, structural risks from events like the EOS exchange still need to be monitored, and market volatility may further amplify.
