Weekly Preview | Federal Reserve FOMC announces interest rate resolution; U.S. House of Representatives may announce draft cryptocurrency regulation before the May 6 hearing
転載元： panewslab
05/04/2025·14DNews trailer:
- Source: U.S. House of Representatives will announce draft cryptocurrency regulation before May 6 hearing
- Shardeum will conduct TGE on May 5, and details such as airdrops and token allocation will be announced soon
- Federal Reserve FOMC announces interest rate resolution
- Superseed: SUPR tokens are expected to be applied for on May 5
- Ethereum Pectra upgrade is scheduled to be launched on May 7, optimizing staking and wallet functions
- Coinbase plans to launch all-weather Bitcoin and Ether futures trading on May 9
May 5
Exchange:
Hyperliquid: The new fee system and pledge level will be launched on May 5
Hyperliquid posted on the X platform that the new fee system and pledge level will be launched at around 11:00 on May 5th, Beijing time. Changes include: pledging HYPE can reduce transaction fees; perpetual contracts and spot transactions use different fee rate tables; spot transaction volume is calculated at double when calculating the fee level. The linkage function of pledged accounts and transaction accounts is now online on the test website. This feature allows users to apply pledge discounts for one account to another different transaction account. This feature is expected to be officially launched shortly after the new fee system and pledge level are launched.
Binance contract plans to adjust its mark price on May 5
According to the official announcement, from 17:00 on May 5, 2025 (East Eighth District time), Binance Contract will adjust the mark price and adjust the basis of the price from 2.5 minutes to 1 minute.
Project News:
Layer1 blockchain Shardeum announced that it will conduct a TGE (token generation activity) on May 5, with more details about SHM token airdrop, sales allocation and listing.
IOTA: Rebased network is expected to be upgraded on May 5
The IOTA Rebased network upgrade is confirmed as May 5, 2025, when it will be migrated from the Stardust network to the new IOTA network. For IOTA token holders, the Rebased upgrade will be seamless, without token migration, just load the existing wallet into a new wallet and get started.
Superseed: SUPR tokens are expected to be applied for on May 5
Lending platform Superseed issued a statement on X platform to announce that the SUPR token will be open for application at 22:00 Beijing time on May 5. There is no application deadline, but it can only be collected on the Superseed main network.
Token unlock:
Ethena (ENA) will unlock approximately 171 million tokens at 3 pm Beijing time on May 5, with a ratio of 3.10% to the current circulation, worth about US$50 million.
May 6
Policy Supervision:
House Financial Services Committee Chairman French Hill and others are expected to release a draft regulation on cryptocurrencies ahead of a hearing on May 6 (local time), people familiar with the matter said. The hearing will be held at 10 a.m. ET on the 6th with the theme of “The Future of American Innovation and Cryptocurrency: A Blueprint for the 21st Century.” The long-awaited legislation is expected to be focused on defining the U.S. crypto market structure. The draft is expected to be similar to the 21st Century Financial Innovation and Technology Act (FIT 21) passed by the House of Representatives last year. A staff member of the House Agriculture Committee also confirmed that the draft text will be released before the hearing.
Committees in the House and Senate have advanced a stablecoin-focused bill, and legislation that regulates the entire cryptocurrency industry is seen as the next step. President Donald Trump said he hoped to see a stablecoin bill August 2018, but some said the bills could be related.
U.S. congressmen returned to Congress after Easter recess, making crypto legislation a priority, aiming to complete the stablecoin and market structure bill before the August deadline set by President Trump. The House Financial Services Committee and the Agriculture Committee will hold a joint hearing on May 6 to discuss the blueprint for digital assets legislation. The Senate is also integrating the contents of the Lummis-Gillibrand Act of 2022 with the FIT21 Act.
Project News:
Sonic Labs: Sonic will be upgraded to support native USDC and CCTV V2 on May 6
Sonic will suspend bridging USDC.e from May 6, then upgrade to native USDC and integrate CCTV V2, which is expected to take about one week. After the upgrade, users do not need to operate. USDC.e will automatically convert to native USDC, supporting faster and safer cross-chain transfers, and also access Avalanche, Base, Ethereum and Linea chains. The original USDC contract address remains unchanged and only the name is updated to USDC.
Token unlock:
Spectral (SPEC) will unlock about 10 million tokens at 8 a.m. Beijing time on May 6, with a ratio of 70.90% to the current circulation, worth about 24.6 million US dollars.
May 7
Exchange:
Binance will launch the token Obol (OBOL) at the following time:
1. Binance Alpha: 6 pm on May 7, 2025 (UTC+8)
2. Binance Contract: 6:30 pm on May 7, 2025 (UTC+8)
In order to prevent congestion on Ethereum network, it is recommended that users use limit orders to participate in transactions on Binance Alpha. Users who meet the Alpha points threshold will receive airdrops within 20 minutes after the token is launched, and the points threshold will be announced on May 7.
Project News:
Ethereum developers have officially set the online time of Pectra upgrade main network to May 7, 2025. The upgrade is the largest system update since March 2024, with 11 improvement proposals (EIPs), focusing on wallet contract functionality (improving ease of use and recovery) and EIP-7251 (upgrades the staked cap for a single node from 32 ETH to 2048 ETH). The upgrade has been successfully run on the Hoodi test network.
Pharos Network announces launch of test network on May 7
The Layer 1 public chain Pharos Network, which focuses on the RWA track, announced today that its test network will be officially launched on May 7. The testnet released this time is designed to showcase Pharos' innovative Layer 1 solution, which has high throughput and can improve on-chain transaction speeds. At the same time, EVM compatibility allows developers to migrate and deploy Ethereum applications, thereby accelerating the development of the on-chain RWA ecosystem.
Token unlock:
Neon (NEON) will unlock approximately 53.91 million tokens at 8 a.m. Beijing time on May 7, with a ratio of 22.51% to the current circulation, worth US$6.2 million.
May 8
Macroeconomics:
At 2:00 on Thursday, the Federal Reserve FOMC announced its interest rate decision;
At 2:30 on Thursday, Federal Reserve Chairman Powell held a monetary policy press conference;
Policy Supervision:
The U.S. Department of Justice requested a 20-year prison sentence on former Celsius Network CEO Alex Mashinsky, accusing him of planning fraud that caused customers to lose nearly $7 billion. The verdict will be held on May 8. The prosecutor stressed that his behavior was "intentional and meticulous" fraud, not negligence. Celsius managed more than $20 billion in customer assets in 2021, but went bankrupt in 2022 due to unsecured loans and risky transactions, freezing approximately $4.7 billion in customer funds.
May 9
Macroeconomics:
On Friday at 18:15, FOMC Permanent Voting Committee and New York Fed Chairman Williams delivered a keynote speech at the 2025 Reykjavik Economic Conference
On Friday at 23:30, FOMC Permanent Voting Committee, New York Fed Chairman Williams spoke at the Hoover Monetary Policy Conference (via pre-recorded video)
Exchange:
Coinbase plans to launch all-weather Bitcoin and Ether futures trading on May 9
Coinbase will launch its first U.S.-regulated 24x7 Bitcoin and Ethereum futures contract through its derivatives division, with trading set to begin on May 9.
Project News:
Ethereum ERC-7828 and ERC-7930 standards are expected to be officially finalized on May 9
The core development team of Ethereum is about to complete the formulation of two key standards, aiming to solve the problem of address recognition in cross-chain interactions. The ERC-7828 and ERC-7930 standards are expected to be officially finalized on May 9, and the final community comments are currently being collected on the Ethereum Magicians forum. It is understood that the ERC-7930 standard will provide the system with a unified network recognition format, while the ERC-7828 standard is committed to converting complex encrypted addresses into a more easily recognizable "name@service" format. This improvement will effectively reduce the risk of asset loss caused by users due to network selection errors.
It is worth noting that the Ethereum Pectra upgrade has been determined to be deployed to the main network on May 7. The upgrade was originally scheduled to be released in March 2025 and was postponed due to technical issues on the Holesky test network. The development team said that the current operation on the Hoodi test network is stable.
Galaxy Digital Holdings (TSX: GLXY) announced that it plans to list on the Nasdaq Global Selected Market on May 16, 2025, provided that the special shareholders' meeting passed its restructuring and relocation plan on May 9 and was finally approved by Nasdaq. If progress is smoothly carried out, the reorganized American company Galaxy Digital Inc. will trade on the Nasdaq under GLXY as the code, and will remain listed on the Toronto Stock Exchange in the short term.
CEO Mike Novogratz said that the move will provide Galaxy with a new growth platform, expand its investor base, and better serve the digital asset and AI infrastructure ecosystem. The existing OTC market BRPHF stock will be converted to Nasdaq GLXY stock without the need to pay for migration fees for shareholders. Relocation documents and voting materials have been submitted to the US SEC and the Canadian SEDAR platform.
Token unlock:
Movement (MOVE) will unlock approximately 50 million tokens at 8 pm on May 9, Beijing time, with a ratio of 2.0% to the current circulation, worth approximately US$8.7 million.
May 10
Project News:
TON will officially disable Toncoin Bridge on May 10
TON will officially disable Toncoin Bridge on May 10, when users will no longer be able to transfer Toncoin from TON to Ethereum or BNB smart chain through the bridge, but previous cross-chain assets can still be collected. At present, the bridging function between Toncoin and TON will be temporarily retained and the termination time will be announced separately.
May 11
Developer Activities:
a16z Speedrun launches a new round of startup applications, with application deadlines on May 11
A16z general partner Andrew Chen disclosed on the X platform that a16z Speedrun has launched a new round of startup applications, with the application deadline being May 11. a16z Speedrun will provide up to $1 million to startups in very early stages, then work closely with them over the next 90 days and will help promote it. The next round of projects will be launched from July 28 to October 10, 2025.
