This Week's Key News Preview | Binance Launches Alpha Points Consumption Mechanism; U.S. SEC Holds Asset Tokenization Roundtable Meeting
Highlights of the week from May 12 to May 18.整理：Jerry，ChainCatcher
Key News:
- The U.S. SEC will hold a roundtable on asset tokenization on May 12 to discuss the intersection of traditional finance and decentralized finance
- The TRUMP dinner ranking will be locked on May 12, with the 220th place holding approximately 3,114 tokens
- Binance will launch the Alpha points consumption mechanism on May 13
- Galaxy plans to go public on NASDAQ on May 16
- Solayer will unlock the second season tokens on May 16, with 100% allocated for ecological incentives and growth
May 12 (Monday)
According to the SEC's official website, the U.S. Securities and Exchange Commission's cryptocurrency working group announced that it will hold a roundtable titled "Tokenization - Asset On-Chain: The Intersection of Traditional Finance and Decentralized Finance" on May 12.
Hester M. Peirce, head of the SEC's cryptocurrency working group, stated that tokenization is a technological development that could fundamentally change many aspects of financial markets.
The meeting will take place from 1:00 PM to 5:30 PM Eastern Time on May 12 at the SEC's headquarters in Washington, D.C., and will be open to the public and live-streamed on the SEC's official website. Additionally, the SEC announced that the roundtable originally scheduled for June 6 on "Decentralized Finance and the American Spirit" has been rescheduled to June 9.
OKX will delist MEMEFI/USDT, VRA/USDT, and five other leveraged trading pairs on May 12
According to the official announcement, OKX will delist the leveraged trading pairs MEMEFI/USDT, VRA/USDT, NC/USDT, OL/USDT, ETC/USDC, and LUNC/USDC from 2:00 PM to 6:00 PM (UTC+8) on May 12, 2025.
Additionally, the borrowing function for the above trading pairs will be suspended on May 7, 2025, at 7:00 PM (UTC+8).
The official TRUMP token announcement stated that the TRUMP dinner ranking will close at 1:30 PM (EST) on May 12, locking in the top 220 dinner qualifications. Donald Trump will personally attend the dinner on May 22.
According to the ranking data, the current 220th address holds 5,140.808 TRUMP tokens, with a time-weighted holding of 3,114.569 tokens, and final qualifications will be ranked based on time-weighted holdings. According to the rules, whales who have recently sold their holdings will still qualify to attend.
May 13 (Tuesday)
Binance will launch the Alpha points consumption mechanism on May 13
According to the official announcement, starting from May 13, 2025, Binance will launch the Alpha points consumption mechanism.
Under this mechanism, if users successfully participate in a Token Generation Event (TGE) or claim an airdrop, the system will deduct a certain number of Alpha points.
May 14 (Wednesday)
Vaulta: EOS tokens will become A tokens on May 14, with a conversion ratio of 1:1
Web3 bank Vaulta (formerly EOS) announced on the X platform that EOS tokens will become A tokens on May 14. The conversion ratio will be 1:1, with no changes to the token economics, no conversion fees, and the conversion can be completed through official channels on May 14.
Previous news indicated that EOS is transforming into a web3 bank and rebranding as Vaulta, with plans to launch a new token.
VanEck's On-Chain Economy ETF (NODE) will officially launch on May 14
According to Cointelegraph, VanEck's On-Chain Economy ETF (NODE) will officially launch on May 14.
May 16 (Friday)
Galaxy plans to go public on NASDAQ on May 16
Galaxy's CEO Mike Novogratz stated on the X platform that Galaxy plans to go public on NASDAQ on May 16, pending shareholder approval on May 9. This listing will enable Galaxy to better serve investors in the digital asset and artificial intelligence ecosystem and initiate the next phase of growth.
According to the Solayer Foundation announcement, the next round of community tokens will be unlocked on May 16, all of which will be used for second-season incentives, early users, InfiniSVM developers, and ecosystem development, including the launch of native products and product growth plans. The foundation stated that it will gradually announce token distribution details and new product release plans in May.
Coinbase will suspend trading of GAL, LIT, DAR, ORN, and PRQ on May 16
According to the official announcement, based on recent reviews, trading of Galxe (GAL), Litentry (LIT), Mines Of Dalarnia (DAR), Orion Protocol (ORN), and PARSIQ (PRQ) will be suspended around 2 PM Eastern Time on May 16, 2025.
The reason for the delisting of GAL, LIT, DAR, ORN, and PRQ is that these tokens have released new versions. Therefore, the original versions of these tokens no longer meet Coinbase's listing standards.
Trading of GAL, LIT, DAR, ORN, and PRQ will be suspended on Coinbase (Simple And Advanced Trade), Coinbase Exchange, and Coinbase Prime.
Coinbase announces it will suspend MOVE trading on May 16
According to the official announcement, Coinbase will suspend trading of Movement (MOVE) tokens around 2 AM (UTC+8) on May 16, and has adjusted the MOVE order book to limit order mode, allowing users to place and cancel orders, with orders possibly matching.
Binance will adjust the minimum price fluctuation units for multiple spot trading pairs on May 16
According to the official announcement, Binance will adjust the minimum price fluctuation units (TickSize) for 16 spot trading pairs, including ALICE/USDT, BCH/BNB, and the ORDI series, at 05:00 (UTC) on May 16, 2025, to enhance market liquidity and trading experience. Existing orders will not be affected, and API users can obtain the latest parameters via GET/Api/v3/exchangeInfo.
May 17 (Saturday)
Terra tweeted that the deadline for creditors to submit cryptocurrency loss claims to Terraform Labs Pte. Ltd. Wind Down Trust is May 17 at 11:59 Beijing time.
Creditors must submit eligible cryptocurrency loss claims through the website before this date. Late submissions will not be accepted.
According to the official announcement, starting from 08:00 (UTC+8) on May 17, 2025, Binance's unified account will introduce tiered negative balance thresholds based on users' VIP levels for different assets.
If a user's unified account has a negative balance exceeding the threshold, the user will be charged interest fees based on the negative balance of the unified account at 08:00 (UTC+8) daily. The interest fees are calculated based on Binance's daily leverage rate.
