下周必关注｜美伊有望恢复谈判；鲍威尔美联储主席任期届满（5.11-5.17）
- Key Takeaways: Key events next week (May 11-17) include Circle releasing Q1 earnings, the release of US April CPI data, a US Senate vote on the CLARITY Act, the end of Powell’s term as Fed Chair, and Ronin migrating to an Ethereum Layer 2, drastically reducing inflation.
- Key Events:
- Circle will release its Q1 2026 earnings on May 11 and hold a conference call.
- The US will release April CPI data on May 12, a key macroeconomic indicator; Ronin will migrate to an Ethereum Layer 2 on the same day, reducing its inflation rate from over 20% to below 1%.
- Base Network will launch its independent upgrade "Base Azul" on May 13, activating a multi-proof system and increasing throughput to 5000 TPS.
- The US Senate Banking Committee will vote on the CLARITY Act on May 14, a bill involving a compromise on stablecoin yield provisions.
- Powell's term as Fed Chair ends on May 15, but he will remain as a Fed Governor; Warsh awaits Senate confirmation to succeed him as Chair.
- Binance's USD1 token holding subsidy campaign is extended to May 15, adding a $15 million WLFI prize pool; Dmail Network will cease operations on the same day.
- The US and Iran intend to finalize a 14-point framework memorandum, with negotiations potentially resuming as early as next week, covering topics such as Iran's nuclear program.
Key Events Next Week
May 11
Circle to Release Q1 2026 Earnings on May 11;
May 12
US to Release April CPI Data on May 12;
May 14
U.S. Senate Banking Committee to Hold CLARITY Act Markup Hearing on May 14;
May 15
Powell's Term as Fed Chair Expires May 15, but He Has Stated He Will Remain as a Governor;
Binance USD1 Holding Reward Event Extended to May 15;
Other (Date TBD)
From May 11 to May 17, here are more notable industry events to watch.
May 11
Circle to Release Q1 2026 Earnings on May 11
Odaily reports that Circle will release its Q1 2026 earnings on May 11, followed by an earnings conference call at 20:00 that evening.
May 12
US to Release April CPI Data on May 12
Odaily reports that at 20:30 Beijing time on May 12, the United States will release its April CPI data.
Ronin to Migrate to Ethereum Layer 2 on May 12; RON Inflation Rate to Drop Below 1%
Odaily reports that the gaming-focused blockchain Ronin has announced its migration to an Ethereum Layer 2 network on May 12. The underlying layer will utilize OP Stack and integrate EigenDA as the data availability layer. On-chain operations are expected to be paused for approximately 10 hours during the migration. The team recommends users unstake their RON in advance or allow the system to handle it automatically after the migration is complete.
Following this upgrade, the annual inflation rate of RON will decrease from over 20% to below 1%. Additionally, treasury income will be supplemented by new sources including staking rewards, Sequencer net revenue, and Marketplace fees. Furthermore, Ronin has introduced a "Proof-of-Allocation" incentive mechanism based on "Builder Scores," distributing monthly RON rewards to ecosystem builders.
May 13
Ethereum Foundation EPF7 Applications Open; Deadline is May 13
Odaily reports that the Ethereum Foundation has announced that applications for the Ethereum Protocol Fellowship Cohort 7 (EPF7) are now open, with a deadline of May 13.
The program aims to cultivate engineers capable of participating in the development of Ethereum's core protocol. It focuses on the network's core attributes including censorship resistance, open source, privacy, and security, covering areas such as client implementation, protocol specifications, testing, and cutting-edge research.
Base's Independent Network Upgrade "Base Azul" Expected to Launch on Mainnet May 13
Odaily reports that Base has announced its independent network upgrade, "Base Azul," will go live on the mainnet on May 13, 2026. Azul has already been deployed on the testnet and is designed to enhance security, performance, and the developer experience. Key updates include:
1. Activation of a multi-proof system (combining TEE and ZK proofs) to advance Stage 2 decentralization, enabling withdrawals within a single day.
2. Consolidation into a unified high-performance client stack, base-reth-node and base-consensus, reducing the number of empty blocks from approximately 200 per day to about 2, while consistently maintaining a burst throughput of 5000 TPS.
3. Alignment with Ethereum's Osaka execution layer specifications.
May 14
U.S. Senate Banking Committee to Hold CLARITY Act Markup Hearing on May 14
Odaily reports that the U.S. Senate Banking Committee has announced it will hold a markup hearing for the 2025 Clarity for Digital Assets Act (Clarity Act) at 10:30 AM on May 14. The bill had previously stalled due to controversies over clauses related to stablecoin yields. Recently, Senators Thom Tillis and Angela Alsobrooks reached a compromise, aiming to prohibit offering yields on static stablecoin reserves but allowing rewards for stablecoins in an active state.
Although industry groups like the American Bankers Association still express concerns over the text and have suggested amendments, the committee's schedule indicates that the legislative process will move forward. Additionally, Senator Kirsten Gillibrand has proposed adding an ethics clause to the bill, preventing senior government officials from profiting from the crypto industry while regulating it.
Solana DeFi Protocol Carrot to Shut Down; May 14 is the Deadline to Withdraw Remaining Funds
Odaily reports that Carrot, a DeFi protocol on Solana, has announced it will shut down due to severe operational impact from the Drift exploit incident.
May 14 is the deadline to withdraw remaining funds from Boost, Turbo, and CRT. After that, the system will begin to deleverage, reducing all leverage to zero to release all liquidity for CRT redemption.
May 15
Powell's Term as Fed Chair Expires May 15, but He Has Stated He Will Remain as a Governor
Odaily reports that Jerome Powell's term as Chairman of the Federal Reserve expires on May 15, but he stated last week that he will continue to serve as a Fed Governor until 2028.
Fed Governor Christopher Waller told the media on Friday that he hopes Powell's continued tenure "is just a transitional period, without any more sinister motives."
Meanwhile, Kevin Warsh's nomination to succeed as Fed Chair is pending a Senate confirmation vote.
Binance USD1 Holding Reward Event Extended to May 15; $15 Million WLFI Token Prize Pool Added
Odaily reports that Binance announced on X that its USD1 holding reward event will be extended until 8:00 AM Beijing time on May 15. Eligible USD1 holders will share a WLFI prize pool worth $15 million, with rewards continuing to be distributed every Friday.
Dmail Network to Gradually Shut Down From May 15; Users Must Export Emails Before Then
Odaily reports that according to an official announcement, the decentralized email project Dmail Network will gradually cease all services starting May 15, 2026. Users need to export their email content and request account deletion before this date, after which all data will be completely deleted. Dmail stated that due to factors such as high costs for decentralized infrastructure, an unproven commercialization path, a lack of real-world use cases for the token, and core team member attrition, the project could not achieve healthy and sustainable operations.
May 16
US Treasury Secretary Bessent: Confirmation of Fed Chair Nominee Warsh Before May 16 Uncertain
Odaily reports that US Treasury Secretary Scott Bessent stated he is uncertain whether Fed Chair nominee Kevin Warsh will be confirmed before May 16. (Jin10)
May 17
None
Other (Date TBD)
Odaily reports that according to the Wall Street Journal, sources say Iran and the United States are working through mediators to finalize a one-page Memorandum of Understanding containing 14 points. This would establish a framework for a month-long negotiation aimed at ending the conflict. These discussion points will form the core of the next round of talks, which could resume in Islamabad as early as next week. Sources also indicated that Iran has expressed willingness to discuss its nuclear program, marking a softening of its previous stance. Unresolved issues, including the duration of a halt to Iran's uranium enrichment activities, whether the highly enriched uranium will be shipped out of the country, and Iran's insistence on maintaining a permanent supervisory role in the Strait of Hormuz, are expected to complicate final negotiations. Furthermore, the timing and scope of sanctions relief could also be an obstacle. Sources say that if progress is made, the one-month negotiation period can be extended by mutual agreement. An Iranian Foreign Ministry spokesperson stated that Iran is reviewing the US proposal and will communicate its position to the US via the Pakistani mediator after completing its assessment. (Jin10)
