Next weeks highlights
May 26
Binance Alpha will launch Huma Finance (HUMA) airdrop on May 26 ;
May 27
Bitcoin 2025 will be held in Las Vegas from May 27 to 29 ;
May 28
US Vice President Cyrus Vance will speak at the “Bitcoin 2025” conference ;
Sophon: On May 28th TGE, 57% of tokens belonged to the community, of which 9% were used for airdrops ;
May 30
FTX will begin distributing more than $5 billion to creditors under its bankruptcy plan on May 30 ;
June 1
Trump: Proposes imposing a 50% tariff directly on the EU from June 1 ;
Federal Reserve News
At 2:40 p.m. on Monday, Federal Reserve Chairman Powell delivered a graduation speech at Princeton Universitys graduation ceremony.
At 16:00 on Tuesday, Kashkari, 2026 FOMC voting member and President of the Minneapolis Fed, participated in a policy panel discussion at the Japan Institute for Financial Research meeting and delivered a speech.
At 8:00 a.m. on Wednesday, FOMC permanent voting member and New York Fed President Williams participated in a panel discussion at the Bank of Japans Institute of Financial Studies meeting.
At 16:00 on Wednesday, Kashkari, 2026 FOMC voting member and President of the Minneapolis Fed, participated in a dialogue and QA event at Keio University.
At 2:00 on Thursday, the Federal Reserve released the minutes of its May monetary policy meeting.
On Thursday at 20:30, Barkin, 2027 FOMC voting member and Richmond Fed President, will participate in a fireside chat.
At 22:40 on Thursday, 2025 FOMC voting member and Chicago Fed President Goolsbee participated in a question and answer session.
At 4:00 a.m. on Friday, 2027 FOMC voting member and San Francisco Fed President Mary Daly will participate in an economic-related fireside chat with the Oakland Rotary Club.
At 8:25 a.m. on Friday, 2026 FOMC voting member and Dallas Fed President Logan will open an event and participate in a dialogue.
From May 26 to June 1, more noteworthy events in the industry are previewed below.
May 26
Binance Alpha will launch Huma Finance (HUMA) airdrop on May 26
According to the official announcement, Binance Alpha will list Huma Finance (HUMA), and the trading opening date is May 26, and the specific time will be announced later. Eligible users need to use Binance Alpha points to claim the airdrop on the Alpha event page. The event page and details will be launched on May 26.
SEC opens public comment period for Canary Funds Litecoin ETF, submission deadline is May 26
Odaily Planet Daily News: The U.S. Securities and Exchange Commission (SEC) has launched a public comment solicitation on Canary Funds Litecoin ETF, which focuses on whether the ETF proposal complies with regulatory requirements to prevent fraud and market manipulation. The deadline for public comment submission is May 26, 2025, and the deadline for rebuttal comments is June 9, 2025.
Odaily Planet Daily News According to @ralexstokes summary, the 157th Ethereum Consensus Core Developers Conference (ACDC) has been held, and the main progress is as follows:
The Pectra upgrade has been successfully completed. Core developer Trent has summarized technical feedback from different teams. Pectra Pages is still open to collect more community opinions; Pari is working on an analysis report after the blob data is increased.
Fusaka direction: peerdas-devnet-7 is running stably, and the client team is focusing on developing BPO support, with the goal of launching fusaka-devnet-0 on May 26, covering EIPs such as PeerDAS, BPO and MODEXP Gas cost increase.
Validator hosting specifications are being discussed asynchronously on Discord.
The ACD meeting structure is planned to be reorganized: Tim proposed that ACDT focus on the current fork (N), and ACDE/C focus on the next fork (N+1), hoping that the structural adjustment will allow a wider community to participate in the proposal formulation process earlier, and at the same time establish a tracking mechanism for the entire process from EIP proposal to the main network. The new proposed structure will lock in the main functions before the beginning of July, and the remaining small EIPs will be integrated later.
May 27
Bitcoin 2025 to be held in Las Vegas from May 27 to 29
Odaily Planet Daily reported that Bitcoin Magazine announced at X that the 2025 Bitcoin Conference will be held in Las Vegas from May 27th to 29th, and early bird ticket sales will end on August 2nd.
May 28
US Vice President Vance to Speak at Bitcoin 2025 Conference
Odaily Planet Daily reported that US Vice President Vance will deliver a speech at the Bitcoin 2025 conference in Las Vegas on May 28.
Sophon: On May 28th TGE, 57% of tokens belonged to the community, of which 9% were used for airdrops
Odaily Planet Daily News Modular blockchain Sophon announced on the X platform that the SOPH token will be officially launched on May 28. The token economics model includes:
57% of tokens belong to Sophon community
25% tokens vested to core contributors (4-year vesting period)
18% tokens vested to seed investors (3 years vesting period)
Of the 57% of tokens allocated to the community, 20% are used for node rewards, 26% for our ecosystem reserve, 9% for SOPH airdrops, and 2% for L2 Farm users.
In addition, the SOPH token claim check website is now online. OKX exchange users can pre-register and directly transfer the allocated funds (+ 5% SOPH rewards) to the corresponding OKX exchange account during TGE.
May 29
None
May 30
FTX will begin distributing more than $5 billion to creditors under bankruptcy plan on May 30
Odaily Planet Daily reported that FTX Trading Ltd., the parent company of the bankrupt cryptocurrency exchange FTX, will launch the second phase of the Chapter 11 reorganization plan on May 30, 2025, distributing more than $5 billion to creditors. The FTX bankruptcy management team announced on Thursday that convenience and non-convenience creditors who meet the pre-distribution requirements will receive their funds from Bitgo or Kraken within one to three business days from that date. Although the bankruptcy management team has been criticized by some former customers for FTXs previous successful investments in startups such as Anthropic and tokens such as Solana, which have enabled customers to recover their money at market lows. However, many cryptocurrency traders believe that these distributed funds may be beneficial to token prices if traders choose to reinvest. (The Block)
Treasure Chain will be shut down on May 30th, and users need to withdraw their assets in advance
Odaily Planet Daily News According to the official announcement, Treasure Chain will be closed on May 30, 2025. Asset holders must redeem all ETH, MAGIC, SMOL and NFT holdings by the end of May.
May 31
None
June 1
Trump: Proposes to impose a 50% tariff on EU goods from June 1
Odaily Planet Daily News: US President Trump said on social media that the main purpose of the establishment of the European Union is to take advantage of the United States in trade, but the European Union is difficult to deal with. Their strong trade barriers, value-added taxes, ridiculous corporate penalties, non-monetary trade barriers, currency manipulation, unfair and unreasonable lawsuits against American companies, etc., have led to an annual trade deficit of more than 2500000000 US dollars in the United States, which is totally unacceptable. Our discussions with them have made no progress. Therefore, I suggest that a 50% tariff be imposed directly on the European Union from June 1, 2025. If the product is manufactured or produced in the United States, no tariff will be imposed.
In response, EU Trade and Economic Security Commissioner Šefčović said the EU will fully participate and is committed to reaching an agreement with the US that is beneficial to both sides. The trade between the EU and the US is incomparable and must be guided by mutual respect, not threats.
Crypto market maker Wintermute to establish US headquarters in New York
Odaily Planet Daily News Crypto market maker Wintermute announced that it will open its first US headquarters in Lower Manhattan, New York on June 1, and appointed policy veteran Ron Hammond as head of policy and advocacy. This move comes at a time when the Trump administration has taken a supportive attitude toward the crypto industry, including appointing heads of crypto-friendly regulators. (TheBlock)
FTX creditors must submit KYC verification by June 1, 2025
Odaily Planet Daily reported that Cointelegraph published an article on X stating that FTX creditors must now submit their KYC verification before the new deadline of June 1, 2025, otherwise their claims may be rejected.
Others (specific time undetermined)
OKX will delist some leveraged currency pairs and perpetual contracts from the end of May
According to the official announcement, in order to prevent market risks and provide users with a good trading experience, OKX will regularly delist some perpetual contracts and leveraged currency 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 16:00 (UTC+8) on May 26, 2025. The funding rate during this period is 0, and no funding fee or delivery fee will be charged for user position delivery. Considering that the market may fluctuate violently before the contract is delisted, users can control risks by reducing the actual leverage or closing positions in advance.
In terms of leveraged trading, OKX will remove the following leveraged trading pairs in batches 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 demand lending services for the relevant currency pairs during the above-mentioned offline time, and cancel the leveraged trading market orders. Users must return the borrowed currency before going offline, and overdue will trigger the system to force repayment.
