Important Events Forecast in the Web3 Field for the Coming Week

May 19

Policy Regulation

U.S. lawmakers will hold a final vote on the stablecoin regulation bill GENIUS on that day. The bill requires large stablecoin issuers to be regulated by the Federal Reserve, while smaller institutions are regulated at the state level; all stablecoins must be fully backed by assets such as U.S. dollars or government bonds. The latest amendment aims to add provisions to restrict technology companies' involvement in financial assets, enhance consumer protection, and increase oversight of government officials. If passed, it will become the first federal legislative framework for stablecoins in the U.S., directly influencing the direction of digital asset regulation in the country.

Macroeconomics

Federal Reserve Vice Chairman Jefferson and New York Fed President Williams will speak at 8:45 PM Beijing time.

Exchange

Coinbase will officially be included in the S&P 500 index, becoming the first pure cryptocurrency business to be included in this index.

A certain trading platform plans to launch XRP futures, which will take effect after regulatory review approval. Market participants will have the option to trade micro contracts of 2,500 XRP and large contracts of 50,000 XRP. These futures will be cash settled, based on the CF XRP-USD reference rate.

Project Updates

The decentralized AI blockchain platform Sahara AI will launch the SIWA public testnet, marking its transition from closed testing to open testing. Participants can earn reward points through tasks such as data labeling and model validation.

Token Unlock

Pyth Network(PYTH) will unlock approximately 2.13 billion tokens, accounting for 58.62% of the circulation, worth about 338 million USD.

Polyhedra Network(ZKJ) will unlock approximately 15.53 million tokens, accounting for 5.3% of the circulating supply, valued at about 32.3 million dollars.

Pixels(PIXEL) will unlock approximately 91.18 million tokens, accounting for 11.83% of the circulating supply, worth about 4.7 million USD.

May 20

Policy Regulation

The Texas legislature will conduct a second review of the "Strategic Bitcoin Reserve" bill. If passed, Texas will become the third state in the U.S. to approve the establishment of a Bitcoin reserve. The bill authorizes the creation of a special fund to purchase digital assets with a market value exceeding $500 billion, currently only including Bitcoin.

Project Updates

The FIFA Collect platform will migrate to an EVM-compatible exclusive FIFA blockchain no earlier than May 20, 2025. Users must re-import their off-chain collectibles to the platform before the migration, otherwise they will not be able to trade on the new platform.

The board of directors of DeFi Development Corp. approved a 1-for-7 stock split, expected to trade at the new stock price starting from the 20th. The company has transformed into an enterprise focused on Solana and has recently purchased a large amount of SOL.

event meeting

New York City will host the first New York Crypto Summit. Mayor Eric Adams stated that he wants to make New York the "global cryptocurrency capital," creating a platform for dialogue between government and business to explore the application of digital assets in economic development and public services.

Developer Activity

Story and Encode Club will hold an online Buildathon, focusing on IP×AI×RWA innovation. The event sets up seven major awards, with a total prize pool of $57,000, and winning projects have the opportunity to pitch directly to investors.

May 21

policy regulation

The Hong Kong Legislative Council plans to resume the second reading debate on the Stablecoin Bill. Once the bill is passed, the Hong Kong Monetary Authority will expedite the approval of related license applications.

Macroeconomics

In 2025, FOMC voting member and St. Louis Fed President Muthalib will speak on the economic outlook and monetary policy.

Token Unlock

Eigenlayer(EIGEN) will unlock approximately 1.29 million tokens, accounting for 0.43% of the circulating supply, valued at approximately 1.65 million dollars.

May 22

Policy Regulation

The public consultation by the U.S. Commodity Futures Trading Commission regarding perpetual contracts and the 24/7 trading model will close.

Project Updates

A well-known figure is scheduled to attend a dinner event related to the token project. The token project claims to announce its next phase plan on that day.

A Bitcoin mining data center proposal submitted by a cryptocurrency mining company in Mountain City, Tennessee will undergo a review by the local planning committee. If approved, the project will be operational within two months, initially providing 12 jobs.

The HYPER token claim announced earlier by the Hyperlane Foundation will stop on that day.

The decentralized cloud computing protocol Aethir will launch the Checker Node NFT buyback program, allowing node holders to resell their NFTs to the foundation at a pegged price.

Developer Activity

The application for the 10-week offline global incubation program EASY Residency launched by YZi Labs will close. This program focuses on Web3, AI, and healthcare, providing an entrepreneurial environment and mentorship for 10-20 selected teams.

Token Unlock

SPACE ID(ID) will unlock approximately 12.65 million tokens, accounting for 2.94% of the circulating supply, valued at about 2.7 million dollars.

May 23

Macroeconomics

New York Fed President Williams will deliver a keynote speech at the monetary policy implementation seminar.

Project Updates

THORChain plans to upgrade its mainnet to version 3.6.0. This upgrade is a minor maintenance update, mainly involving the update of the Rujira contract verification.

Token Unlock

Coin98(C98) will unlock approximately 16.53 million tokens, accounting for 1.74% of the circulation, valued at approximately $1.05 million.

Karrat(KARRAT) will unlock approximately 15.11 million tokens, accounting for 4.62% of the circulation, worth about 1 million dollars.

May 24

Project Updates

The airdrop token claim for the full-chain Rollup L1 network Initia will end at 18:00 Beijing time. So far, 93% has been claimed, with approximately 3.4 million $INIT tokens remaining.