News preview:
Binance will list Huma Finance (HUMA) at 9 PM Beijing time on May 26, 2025.
Bybit and Gate will list Puffverse Token (PFVS) at 8 PM Beijing time on May 27.
FTX will begin paying bankruptcy claims to major creditors on May 30.
Treasure Chain will officially shut down on May 30; users need to migrate their assets as soon as possible.
The SEC has postponed its review of Grayscale's application to add staking capabilities to the spot Ethereum ETF; the new review deadline is June 1.
Sui (SUI) will unlock approximately 44 million tokens at 8 AM Beijing time on June 1, accounting for 1.32% of the current circulation, worth about 154 million USD.
May 26
Exchange:
Binance will list Huma Finance (HUMA) at 9 PM Beijing time on May 26, 2025.
Binance announces that the 70th project to be listed on Launchpool is Huma Finance (HUMA), a PayFi network that accelerates cross-border and card payments, enhancing efficiency through instant liquidity acquisition. The project webpage is expected to be online 12 hours before Launchpool starts. Listing schedule: Binance will list HUMA at 9 PM Beijing time on May 26, and will open trading pairs HUMA/USDT, HUMA/USDC, HUMA/BNB, HUMA/FDUSD, and HUMA/TRY, marking HUMA with a 'seed label'.
US stocks will be closed for one day on May 26.
Due to the Memorial Day holiday, US stocks will be closed on May 26 (next Monday), and on the same day, the UK stock market will also be closed for the spring bank holiday.
Project dynamics:
The 212th Ethereum ACDC meeting: Fusaka Devnet-0 will launch on May 26.
According to Tim Beiko's summary of the 212th Ethereum execution layer core developer meeting (ACDE), the main topics discussed were: Fusaka Devnet-0 will launch on May 26, discussions about Fusaka EIPs (EIP-7825 will set the gas limit to 30 M; EIP-7918 will anchor blob fee rates to Base Fee to mitigate fee volatility; both will be incorporated into Devnet-1), and testnet strategy (fork Sepolia first, keep Hoodi for application testing; encourage the community to maintain long-term testnets).
Next week's CL conference call will make decisions regarding EIP-7917. The next ACDE conference call (in two weeks) will finalize the scope of Devnet-2 and review update proposals for EIPs 7212, 7934, 7907, and 5920. The Glamsterdam discussion will begin after the scope of Fusaka is finalized.
BNB Chain announces the Maxwell hard fork: BSC block time will be reduced to 0.75 seconds, with the testnet upgrading on May 26.
According to the official announcement from BNB Chain, BNB Smart Chain (BSC) will reduce block time from 1.5 seconds to 0.75 seconds through the Maxwell hard fork, which will be deployed to the mainnet on June 30. This upgrade includes three core improvements: BEP-524 establishes a new block interval standard; BEP-563 optimizes communication protocols between verifying nodes; BEP-564 introduces a new block batch synchronization mechanism. Technical adjustments include increasing the verification cycle from an Epoch length of 500 to 1000, and keeping the rotation time of a single verification node at 12 seconds (16 new blocks). The testnet will upgrade first on May 26, and the mainnet deployment requires meeting five standards, including node synchronization stability and no increase in reorganization rate.
Governance voting:
Initia has released a proposal for inflation correction and staking exit subsidies; on-chain voting will start on May 26.
The Initia Foundation has released a governance proposal on the official forum, proposing to correct the current annual release rate of 5% of the total supply of INIT to the initially set '5% of staking supply', which is 1.25% of the annual total supply. This correction stems from a misconfiguration of parameters at the genesis on April 24, leading to excessive inflation, nearly four times beyond the original plan.
The foundation has also proposed two types of subsidy programs aimed at compensating users for staking income losses affected by Proposal 39. Subsidies will be borne by the foundation's treasury, and users can apply for them on the Initia App until July 7, with no lock-up requirements. On-chain voting will start at 2 PM on May 26 and will be executed or rejected on June 2. The foundation recommends voting against the original Proposal 39 to ensure the credibility of community governance.
May 27
Policy regulation:
The US SEC has delayed its decision on Canary Capital's application for a Litecoin spot ETF, with comments due by May 27.
According to former Fox Business reporter Eleanor Terrett, the SEC has delayed its decision on Canary Capital's application for a Litecoin (LTC) spot ETF and has initiated a public comment process to assess whether the ETF meets regulatory requirements to prevent fraud and manipulation. Comments are due by May 26 (Beijing time May 27), and replies are due by June 9 (Beijing time June 10).
This delay aligns with Bloomberg analyst James Seyffart's earlier expectation that there is a 'high probability of postponing the final decision rather than directly approving or rejecting it.'
Exchange:
Bybit's spot platform will list Puffverse Token (PFVS) on May 27.
Bybit's spot platform will list Puffverse Token (PFVS) at 8 PM Beijing time on May 27. The deposit opening time is at 6 PM on May 26, and the withdrawal opening time is at 6 PM on May 28, with deposits and withdrawals conducted via the ETH network.
Puffverse is described as a Disney-like 3D metaverse dream that aims to connect the virtuality of Web3 with the reality of Web2. Puffverse will make full use of users' fragmented time to create a closed loop that includes SportFi, GameFi, SocialFi, and AI. Its development team consists of talents from well-known companies such as Alibaba and Xiaomi and has received support from renowned investors such as Animoca, Foresight Ventures, Spartan, and Hashkey.
In addition, the first Launchpad project from Gate, Puffverse, will be launched on May 27.
Project dynamics:
Aethir will launch the Checker node repurchase program on May 27.
Aethir announced it will launch a Checker node repurchase program on May 27, allowing node holders to sell NFT licenses back to Aethir for rewards. This program aims to support the onboarding of new GPU compute nodes into Aethir's decentralized cloud computing network, further enhancing its DePIN ecosystem. Users can earn eATH (EigenATH), a token used to support Aethir's infrastructure, by selling nodes. The repurchase price will fluctuate based on market conditions, and early participants will receive additional rewards.
May 28
Policy regulation:
US Vice President Vance will speak at the 'Bitcoin 2025' conference on May 28.
US Vice President Vance will speak at the 'Bitcoin 2025' conference in Las Vegas on May 28.
Exchange:
Binance Alpha will list Sophon (SOPH) at 9 PM Beijing time on May 28.
According to Binance's official announcement, Sophon (SOPH) will open trading on Binance Alpha starting at 9 PM Beijing time on May 28. In addition, Binance Futures will launch SOPH/USDT perpetual contracts at 9:30 PM Beijing time on May 28, supporting up to 50x leverage. Binance will provide eligible users with exclusive token airdrops. Eligible users need to claim airdrops on the Binance Alpha event page using Binance Alpha points, with the claiming period from 9 PM on May 28 to 9 PM on May 29.
OKX will also list SOPH (Sophon) spot trading at 9 PM on May 28, 2025 (UTC+8).
Sophon will conduct its TGE on May 28, and SOPH tokenomics has been announced.
Binance will support EOS token swaps and will list new trading pairs for the A token at 4 PM on May 28.
The platform will support a 1:1 swap of EOS tokens for the new Vaulta (A) token and complete a rebranding. EOS-related trading pairs will be delisted at 11:00 AM (Beijing time) on May 26, 2025, and new trading pairs for the A token, including A/BTC, A/ETH, etc., will be listed at 4:00 PM on May 28. EOS deposits and withdrawals will be suspended at 11:30 AM on May 26 and opened for A token deposits at 3:00 PM on May 28. After the swap is completed, EOS withdrawals will no longer be supported, and the platform will automatically handle technical processing. This change will affect multiple product lines including spot, leverage, contract, and wealth management, involving delisting of trading pairs, contract settlement, and loan liquidation, and users need to handle related assets in advance to avoid losses.
In addition, OKX will also support EOS swaps.
Token unlock:
Bio Protocol (BIO) will unlock approximately 339 million tokens at 8 AM Beijing time on May 28, accounting for 20.22% of the current circulation, worth about 28 million USD.
May 29
Macroeconomics:
At 2 AM, the Federal Reserve will release the minutes of the May monetary policy meeting.
At 8:30 PM, initial jobless claims in the US for the week ending May 24 and the revised annualized quarterly GDP for the first quarter will be released.
Exchange:
OKX will delist some leveraged and perpetual contract pairs starting at the end of May.
To mitigate market risks and provide users with a good trading experience, OKX will periodically delist certain perpetual contracts and leveraged pairs. The specific delisting plan is as follows:
In terms of perpetual contract trading, OKX will delist three perpetual contracts: CRVUSD, THETAUSD, and MANAUSD, at 4 PM (UTC+8) on May 26, 2025. During this period, the funding rate will be 0, and no funding fees or delivery fees will be charged for user position settlements. Considering that market conditions may fluctuate sharply before the contract is delisted, users can 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. At the same time, OKX will suspend leveraged trading and current lending services for the relevant pairs during the delisting period and will cancel leveraged market orders. Users are required to return borrowed coins before delisting; overdue returns will trigger a forced repayment by the system.
Project dynamics:
The MilkyWay airdrop claiming will end on May 29.
According to the official announcement from MilkyWay, the deadline for claiming Massdrop is 6 PM (UTC+8) on May 29, 2025. Users can claim through the official link.
May 30
Exchange:
Bloomberg: FTX will begin paying bankruptcy claims to major creditors on May 30.
According to Bloomberg, the former cryptocurrency company FTX will begin making payments to its major creditors at the end of May, using the company's cash reserve of 11.4 billion USD collected since its closure. Bankruptcy attorney Andrew Dietderich informed the judge recently assigned to the Chapter 11 case that while secondary creditors classified as 'convenience claims' have begun receiving payments, the company will make its first payment to the major creditor group on May 30. The company's major creditors include investors owed millions of dollars and institutions holding cryptocurrencies on the FTX platform.
Project dynamics:
OKX Wallet is upgrading Fractal BRC-20 protocol services, and the affected services are expected to resume normal operation on May 30.
OKX Wallet is upgrading Fractal BRC-20 protocol services, and during the upgrade, related services will be temporarily unavailable. The affected services are expected to resume normal operation on May 30, 2025. After the upgrade is completed, users can normally view and manage related assets of the Fractal BRC-20 protocol in the wallet.
Treasure Chain will officially shut down on May 30; users need to migrate their assets as soon as possible.
With the approval of proposal TIP-52, Treasure Chain will officially shut down on May 30. Users need to bridge their ETH, MAGIC, SMOL, and Beacon WOP NFT assets to L1 or Arbitrum chains before the end of the month. Current on-chain bridging has stopped, and MAGIC-ETH liquidity has migrated to the Ethereum mainnet and is listed on Uniswap.
Token unlock:
Kamino (KMNO) will unlock approximately 229 million tokens at 8 PM Beijing time on May 30, accounting for 14.97% of the current circulation, worth about 15.1 million USD.
Renzo (REZ) will unlock approximately 423 million tokens at 7 PM Beijing time on May 30, accounting for 16.10% of the current circulation, worth about 5.7 million USD.
May 31
Exchange:
Bybit will discontinue cloud wallet and keyless wallet services on May 31.
Cryptocurrency exchange Bybit announced in a notice on April 16 that it will stop a series of Web3 products and services by the end of May. The exchange stated that this decision is part of a shift in its operational focus, as Bybit enters a new phase of growth and innovation.
Upcoming discontinued services include Bybit's cloud wallet and keyless wallet, which will be unavailable after May 31, 2025. Users are urged to transfer all assets (including tokens, NFTs, and inscribed assets) from these wallets to their Bybit funding accounts or seed phrase wallets before the deadline. Failure to complete the transfer by the deadline may result in access delays and require additional identity verification. Additionally, Bybit will close several Web3 trading features, including its DEX Pro platform, Swap & Bridge services, and a broader NFT marketplace, by the end of May.
Token unlock:
Optimism (OP) will unlock approximately 31.34 million tokens at 8 AM Beijing time on May 31, accounting for 1.83% of the current circulation, worth about 22.7 million USD.
June 1
Policy regulation:
The SEC has postponed its review of Grayscale's application to add staking capabilities to the spot Ethereum ETF; the new review deadline is June 1.
The US Securities and Exchange Commission (SEC) has decided to extend the review period for the rule change proposal submitted by NYSE Arca. This proposal aims to allow Grayscale Ethereum Trust ETF and Mini Trust ETF to stake their held Ethereum. The rule was initially publicly solicited on March 3, and no comments have been received so far. The SEC will extend the review deadline from the original April 17 to June 1, 2025, to fully evaluate the proposal and related issues.
Trump: Suggests imposing a 50% tariff directly on the EU starting June 1.
US President Trump stated on social media that the main purpose of the EU's establishment is to gain trade advantages over the US, but the EU is difficult to deal with. Their strong trade barriers, value-added taxes, absurd corporate penalties, non-monetary trade barriers, currency manipulation, and unfair and unreasonable lawsuits against US companies have resulted in a trade deficit exceeding 2.5 billion USD annually, a figure that is completely unacceptable. Our discussions with them have made no progress. Therefore, I suggest imposing a 50% tariff directly on the EU starting June 1, 2025. No tariffs will be applied if products are manufactured or produced in the US.
Project dynamics:
Wintermute will establish its US headquarters in Manhattan, New York on June 1, entering the US market.
Cryptocurrency market maker Wintermute announced it will establish its US headquarters in Manhattan, New York on June 1, and has hired former Blockchain Association policy director Ron Hammond as head of policy. The CEO stated that due to a shift in US policy towards a friendlier approach, the company decided to quickly enter this market. Hammond previously drafted cryptocurrency regulations for lawmakers and stated that he will take this opportunity to promote compliance innovation and industry cooperation.
Neo will close the testnet on June 1.
Neo announced that it will officially close the Neo Legacy mainnet on October 31, 2025, while the testnet will close on June 1, 2025. Neo Legacy has been running for over 8 years since its launch in 2016. The officials will take a data snapshot before the shutdown, and after the closure, functions such as asset transfer and smart contract deployment will permanently cease, and untransferred assets will be lost. Users need to complete asset migration through the official migration portal, and the Neo team will assist centralized exchanges in handling custody assets.
Token unlock:
Sui (SUI) will unlock approximately 44 million tokens at 8 AM Beijing time on June 1, accounting for 1.32% of the current circulation, worth about 154 million USD.
ZetaChain (ZETA) will unlock approximately 44.26 million tokens at 8 AM Beijing time on June 1, accounting for 5.34% of the current circulation, worth about 10.9 million USD.
dydx (DYDX) will unlock approximately 8.33 million tokens at 8 AM Beijing time on June 1, accounting for 1.07% of the current circulation, worth about 5 million USD.
