Weekly Major Events Review Review

1. On May 19th, on-chain data analyst Murphy analyzed BTC chip concentration, which dropped from a high. 8.% May 7th to May th 14th. This as the price rises, gradually moves away concentration, and that if the concentration curve continues to decline, concentration it is likely to be be accompanied by continued price increases;

<>May th, robinhood submitted a 42-to the SEC, establish a federal federal-level "RWA Tokenization" framework to promote theization modernization of US securities market;<>May 22nd, accordingkonchaindata showed that Cetus was hacked, losing over $260 million;<

11. On>On May May 23rd, Bloomberg ETF analyst James Seyffart stated that the SEC decided to defer decisions on And C's XRP spot ETF and and CoinShares' Litecoin spot ETF, but formally accepted Canary'saryron staking ETF application.

Macroeconomic Landscape

Project Progress

1. Ethereum developers state that fusaka-Devnet-0 is expected to go online on May 26;

2. The Pendle pool for eUSDe (launched in collaboration with Ethereal) by Ethena Labs will expire on May 29, offering 50x Ethena rewards and Ethereal points;

3. Pendle's lvlUSD and slvlUSD markets, in collaboration with LevelUSD, will expire on May 29, 2025. lvlUSD is the protocol's native non-yield stablecoin, based on USDT and USDC; while slvlUSD is a staked yield stablecoin, with yields from Aave V3 deposit base yields and re-staking yields from Aave aTokens;

4. FTX will begin distributing over $5 billion to creditors on May 30;

5. Ethereum restaking protocol ether.fi's fifth season will run from February 1, 2025, to May 31, 2025, with rewards including ETHFI tokens (at least 10 million), partner tokens, and King Protocol rewards;

6. The final 25% of the Ethereum L2 network Mint community airdrop will be unlocked on May 31;

7. Treasure Chain under the Treasure DAO game ecosystem will close at 3:00 AM Beijing time on May 31. Holders must cross-chain all ETH, MAGIC, SMOL, and NFTs before the end of May.

Important Events

1. The U.S. Securities and Exchange Commission (SEC) has opened public comment on the Litecoin ETF for Canary Funds, primarily focusing on whether the ETF proposal meets regulatory requirements for preventing fraud and market manipulation. The public comment submission deadline is May 26, 2025, with the deadline for counter-arguments being June 9, 2025;

2. Kraken has sent confirmation emails to FTX customers stating that the next round of FTX compensation distribution will occur on May 30, 2025, which will include creditors with claims both under and over $50,000;

3. On May 28, U.S. Vice President Vance spoke at the "Bitcoin 2025" conference;

4. On May 29, the Federal Reserve will publish the minutes of its May monetary policy meeting.

Token Unlocks

1. Altlayer (ALT) will unlock 195 million tokens on May 25, valued at approximately $7.21 million, representing 1.95% of circulating supply;

2. Axelar (ALX) will unlock 13.51 million tokens on May 27, valued at approximately $5.33 million, representing 1.12% of circulating supply;

3. Open Campus (EDU) will unlock 21.02 million tokens on May 28, valued at approximately $3.66 million, representing 2.1% of circulating supply;

4. Renzo (REZ) will unlock 423 million tokens on May 29, valued at approximately $6.93 million, representing 4.24% of circulating supply;

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