This Week's Crypto Assets Industry Important Events Preview

May 19

The U.S. Senate will conduct a final vote on the stablecoin regulatory bill "GENIUS Act." The bill requires large stablecoin issuing institutions to be regulated by the Federal Reserve and proposes consumer protection provisions. If passed, it will become the first federal legislative framework for stablecoins in the United States.

A certain trading platform will officially be included in the S&P 500 index, becoming the first company focused on Crypto Assets to be selected for this index.

A certain exchange plans to launch XRP futures, including two specifications: micro contracts and standard contracts, which will take effect after regulatory review.

The decentralized AI blockchain platform Sahara AI will launch the SIWA public testnet, which is the final testing phase before the mainnet token generation event.

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

May 20

The Texas Legislature will conduct a second review of the "Strategic Bitcoin Reserve" bill. If the bill is passed, Texas will become the third state in the United States to approve the establishment of a Bitcoin reserve.

The FIFA Collect platform will migrate to a new EVM-compatible chain, and users must return their off-chain assets to the platform by this date.

New York City will host its first Crypto Assets summit, and the mayor stated that he aims to make New York the "global capital of Crypto Assets."

Story and Encode Club jointly hosted an online Buildathon, focusing on IP, AI, and RWA innovation, with a total prize pool of $57,000.

May 21

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

May 22

The U.S. Commodity Futures Trading Commission ( CFTC ) has set a deadline for public comments on 24/7 trading and perpetual contracts in the derivatives market.

A Bitcoin mining project proposed by a crypto assets mining company in Tennessee will be reviewed by the local planning commission.

A certain cross-chain communication protocol will stop the claim of its tokens.

The decentralized cloud computing protocol Aethir will launch the Checker Node NFT buyback program.

The application deadline for the 10-week offline global incubation program EASY Residency launched by YZi Labs has closed.

May 23

THORChain plans to upgrade to version v3.6.0, mainly involving contract verification and updates.

May 24

The airdrop claim for the full-chain Rollup L1 network Initia will end at 18:00 Beijing time.