News Preview:
- Sources: US House of Representatives to Release Cryptocurrency Regulatory Draft Before May 6 Hearing
- Shardeum to Conduct TGE on May 5, Upcoming Detailed Information on Airdrop and Token Distribution
- Federal Reserve FOMC to Publish Interest Rate Decision
- Superseed: SUPR Token Planned for Claiming on May 5
- Ethereum Pectra Upgrade Scheduled to Go Live on May 7, Optimizing Staking and Wallet Functions
- Coinbase Plans to Launch 24/7 Bitcoin and Ethereum Futures Trading on May 9
May 5
Exchanges:
Hyperliquid: New Fee System and Staking Levels to Go Live on May 5
Hyperliquid announced on X platform that the new fee system and staking levels will go live around 11:00 Beijing time on May 5. Changes include: staking HYPE can reduce trading fees; perpetual contracts and spot trading use different fee rate tables; spot trading volume will be counted double when calculating fee levels. The linking function between staking and trading accounts is now live on the testnet. This feature allows users to apply the staking discount from one account to a different trading account. The feature is expected to be officially launched shortly after the new fee system and staking levels go live.
Binance Futures to Adjust Mark Price on May 5
According to the official announcement, starting from 17:00 (UTC+8) on May 5, 2025, Binance Futures will adjust the mark price, changing the price basis from 2.5 minutes to 1 minute.
Project Updates:
Shardeum to Conduct TGE on May 5, Upcoming Detailed Information on Airdrop and Token Distribution
Layer 1 blockchain Shardeum announces it will conduct TGE (Token Generation Event) on May 5, with more details about SHM token airdrop, sales distribution, and listing coming soon.
IOTA: Rebased Network Planned for Upgrade on May 5
The IOTA Rebased network upgrade is confirmed for May 5, 2025, when it will migrate from the Stardust network to the new IOTA network. For IOTA token holders, the Rebased upgrade will be seamless, requiring no token migration, only loading existing wallets into the new wallet to start using.
Superseed: SUPR Token Planned for Claiming on May 5
The lending platform Superseed announced on X platform that the SUPR token will be available for claiming at 22:00 Beijing time on May 5, with no claiming deadline, but can only be claimed on the Superseed mainnet.
Token Unlocks:
Ethena (ENA) will unlock approximately 171 million tokens at 3 PM Beijing time on May 5, representing 3.10% of current circulation, valued at around $50 million
(Note: I've translated the text as requested, maintaining the structure and translating all text outside of XML tags while preserving the tags themselves.)The U.S. Department of Justice requests a 20-year prison sentence for Celsius Network's former CEO Alex Mashinsky, accusing him of orchestrating fraud that caused nearly $7 billion in customer losses. The sentencing will take place on May 8th. Prosecutors emphasize that his actions were "intentional and carefully planned" fraud, not negligence. Celsius managed over $20 billion in customer assets in 2021 but went bankrupt in 2022 due to unsecured loans and risky trading, freezing approximately $4.7 billion in customer funds.
May 9th
Macroeconomics:
Friday at 18:15, FOMC permanent committee member and New York Fed President Williams will deliver a keynote speech at the 2025 Reykjavik Economic Conference
Friday at 23:30, FOMC permanent committee member and New York Fed President Williams will speak at the Hoover Monetary Policy Conference (via pre-recorded video)
Exchanges:
Coinbase plans to launch 24/7 Bitcoin and Ethereum futures trading on May 9th
Coinbase will launch the first U.S.-regulated 24x7 Bitcoin and Ethereum futures contracts through its derivatives division, with trading to begin on May 9th.
Project Updates:
Ethereum ERC-7828 and ERC-7930 standards expected to be finalized on May 9th
The Ethereum core development team is about to complete the formulation of two key standards aimed at solving address identification challenges in cross-chain interactions. The ERC-7828 and ERC-7930 standards are expected to be finalized on May 9th, with final community feedback currently being collected on the Ethereum Magicians forum. The ERC-7930 standard will provide a unified network identification format, while the ERC-7828 standard seeks to convert complex crypto addresses into a more recognizable "name@service" format. This improvement will effectively reduce the risk of asset loss due to network selection errors.
It is worth noting that the Ethereum Pectra upgrade has been confirmed for deployment to the mainnet on May 7th. Originally scheduled for release in March 2025, it was delayed due to technical issues with the Holesky testnet. The development team states that the current performance on the Hoodi testnet is stable.
Galaxy Digital Holdings (TSX: GLXY) announced plans to list on the NASDAQ Global Select Market on May 16th, 2025, contingent on the special shareholders' meeting on May 9th approving its restructuring and migration plan, and receiving final NASDAQ approval. If successful, the restructured U.S. company Galaxy Digital Inc. will trade under the GLXY code on NASDAQ, while maintaining its Toronto Stock Exchange listing in the short term.
CEO Mike Novogratz stated that this move will provide Galaxy with a new growth platform, expand its investor base, and better serve the digital assets and AI infrastructure ecosystem. Existing OTC market BRPHF stock will be converted to NASDAQ GLXY stock, with no migration fees for shareholders. Migration documents and voting materials have been submitted to the U.S. SEC and Canadian SEDAR platform.
Token Unlocks:
Movement (MOVE) will unlock approximately 50 million tokens at 8 PM Beijing time on May 9th, representing 2.0% of current circulation, valued at around $8.7 million
May 10th
Project Updates:
TON will officially discontinue Toncoin Bridge on May 10th
TON will officially discontinue the Toncoin Bridge on May 10th, after which users will no longer be able to transfer Toncoin from TON to Ethereum or BNB Smart Chain, though previous cross-chain assets can still be claimed. Currently, the bridging functionality for Toncoin and TON will be temporarily retained, with the termination time to be announced later.
May 11th
Developer Activities:
a16z Speedrun launches new startup application round, with application deadline on May 11th
a16z general partner Andrew Chen disclosed on X platform that a16z Speedrun has launched a new startup application round, with the application deadline on May 11th. a16z Speedrun will provide up to $1 million in investment to very early-stage startups, then work closely with them over the next 90 days and help promote them. The next round of projects will launch from July 28th to October 10th, 2025.
