May 20th - May 26th | Web3 Key Events and Financial Focus Preview

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Bitget2024/05/20 00:34

By:Bitget

May 20th
Pyth Network will unlock 2.13 billion PYTH, accounting for 141.67% of the circulation, worth about $812 million.

May 21st
Dragon8 hard fork of Chiliz Chain. This hard fork will introduce new developer tools and fully implement the previously announced Chiliz Chain Tokenomics 2.0, with CHZ's annual inflation rate decreasing year by year from 8.8%, until it drops to 1.88% after 14 years and remains unchanged in each subsequent year. At the same time, Chiliz Chain will implement EIP-1559, where most accrued Gas will be burned.

May 22nd
Avalanche will unlock approximately 9.54 million AVAX, accounting for about 2.49% of the circulation volume and valued at around $340 million.
SPACE ID is set to unlock approximately18 .49 million ID tokens which represent about a4 .29% share of circulating supply and are estimated to be worth around $14 .26 million.

May23rd
The U.S Securities Exchange Commission (SEC) is expected to decide on whether or not they'll approve VanEck's application for an Ethereum ETF.
At20 :30 , data regarding initial jobless claims in America as recorded on May18 th is due to be released.
1inch plans on unlocking roughly21 ,430 tokens (1INCH), which are estimated to have a value close to$8520 .

May24th
The SEC is scheduled make its decision concerning ArkInvest/21 Shares' application for an Ethereum ETF.
The SEC has postponed its decision regarding ARK’s Ether-based ETF till May24 th .

May25th
Acala intends on unlocking approximately4 .66million ACA tokens that account for roughly0 .48 %of total circulating supply; these coins are believed have a combined value near$507 ,000 .

May26th
Oasis Network is set to unlock about171 million ROSE tokens, which represent approximately2 .54% of the total circulating supply and are estimated to be worth around$14 .8million.

Note: All times are in UTC+8.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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The Federal Reserve's Beige Book shows little change in U.S. economic activity, with increasing divergence in the consumer market. JPMorgan predicts a Fed rate cut in December. Nasdaq has applied to increase the position limit for BlackRock's Bitcoin ETF options. ETH has returned to $3,000, signaling a recovery in market sentiment. Hyperliquid has sparked controversy due to a token symbol change. Binance faces a $1 billion terrorism-related lawsuit. Securitize has received EU approval to operate a tokenization trading system. The Tether CEO responded to S&P's credit rating downgrade. Large Bitcoin holders are increasing deposits to exchanges. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively improved by the Mars AI model.

MarsBit•2025/11/30 21:01

Mars Morning News | ETH returns to $3,000, extreme fear sentiment has passed

The central bank sets a major tone on stablecoins for the first time—where will the market go next?

The People's Bank of China held a meeting to crack down on virtual currency trading and speculation, clearly defining stablecoins as a form of virtual currency with risks of illegal financial activities, and emphasized the continued prohibition of all virtual currency-related businesses.

MarsBit•2025/11/30 21:01