This Week's Key News Preview | The U.S. will release April CPI data; The U.S. Senate Banking Committee will review the "2025 Digital Asset Market Clarity Act"
Highlights of the week from May 11 to May 17.Compiled by: Jerry, ChainCatcher
Key News:
- The U.S. will release April CPI data on May 12
- Base independent network upgrade "Base Azul" is set to launch on the mainnet on May 13
- The U.S. Senate Banking Committee will review the "2025 Digital Asset Market Clarification Act" on May 14
- Dmail Network will gradually cease all services starting May 15
May 12 (Tuesday)
The U.S. will release April CPI data on May 12
At 20:30 Beijing time on May 12, the U.S. will release April CPI data.
The gaming public chain Ronin announced it will migrate to Ethereum Layer 2 on May 12, during which there will be an approximately 10-hour downtime for on-chain operations. Normal operations will resume after the migration is complete, with its underlying architecture built on OP Stack and connected to EigenDA as a data availability layer.
Users are advised to unstake RON before the migration date or the system will automatically unstake for users after the migration is completed. The core goal of this migration is to leverage Ethereum's security, data availability, and finality capabilities while injecting mature on-chain gaming infrastructure into the Ethereum ecosystem. As the underlying network for well-known on-chain games like Axie Infinity and Pixels, this move is seen as an important milestone in its ecological development.
After the migration, the annual inflation rate of RON will be reduced from over 20% to below 1%, and the treasury will gain continuous revenue from staking, Sequencer net profits, and Marketplace fees (increased from 0.5% to 1.25%).
May 13 (Wednesday)
Base independent network upgrade "Base Azul" is set to launch on the mainnet on May 13
Base announced that its first independent network upgrade, Base Azul, has gone live on the testnet, with the target mainnet activation date set for May 13, 2026. This upgrade is the first network-level upgrade for Base independent of OP Stack.
The official statement indicates that Azul will enhance security, performance, and developer experience: Base will enable a multi-proof mechanism through Azul, base-reth-node will become its only execution client, and the latest execution layer specification (Osaka) will keep Base aligned with Ethereum. Users do not need to take any action for this upgrade.
May 14 (Thursday)
According to crypto journalist Eleanor Terrett, the U.S. Senate Banking Committee will review H.R.3633 "2025 Digital Asset Market Clarification Act" at 10:30 AM Eastern Time on May 14, where committee members will vote on the bill text and related amendments.
If the bill passes, the Banking Committee version will merge with the Senate Agriculture Committee's portion into a final version, which will then be submitted for a full Senate vote.
DeFi protocol Carrot announces imminent shutdown, with May 14 as the deadline for fund withdrawals
According to official news, the Solana ecosystem DeFi protocol Carrot announced it will soon shut down. Carrot stated that the Drift exploit incident has had a catastrophic impact on its continued operation. Carrot has set May 14 as the deadline for withdrawing remaining funds from Boost, Turbo, and CRT, after which the system will begin deleveraging, reducing all leverage to zero and releasing all liquidity for CRT redemption. Carrot stated that any recovery funds from Drift will still be distributed as previously promised, but there is currently no specific timeline.
The Moscow Exchange will launch futures trading for Solana, Ripple, and Tron on May 14
According to Bits.media, the Moscow Exchange announced it will start new settlement futures trading for three digital asset indices: Solana, Ripple, and Tron, limited to qualified investors.
These instruments will settle in Russian rubles and will not involve physical delivery of digital assets. The Solana index futures will be quoted in USD, with a minimum price movement and value of $0.01; Ripple and Tron index futures will have a minimum price movement of $0.0001 and a value of $0.01. The contract duration is one month, with the last trading day being the last Friday of each month. Contracts expiring in June, July, and August will be available starting May 14. Additionally, the Moscow Exchange will begin calculating and publishing indices for Solana, Ripple, Tron, and BNB on May 13.
May 15 (Friday)
Dmail Network will gradually cease all services starting May 15
The privacy email system Dmail Network officially stated that after a long evaluation, strategic transformation, and internal discussions, it has decided to gradually cease all services starting May 15, 2026. The main reasons are the high costs of decentralized infrastructure (bandwidth, storage, computation), making sustainable operation difficult; failure to find an effective payment model or commercialization path; the token lacks clear large-scale use cases and closed-loop economic models; insufficient anticipation of the cooling of the crypto market; core team member departures leading to inadequate operational capabilities; and unsuccessful attempts at subsequent financing and acquisitions.
Users need to export their email content to other platforms (such as Gmail) through the official portal before May 15. After exporting, they can apply for account cancellation, and all data (emails, NFT domains, points, associated social addresses, etc.) will be permanently deleted upon cancellation. After services cease, nodes will no longer operate, and emails will be inaccessible.
Cosmos ecosystem lending blockchain UX Chain will fully cease operations on May 15
According to a post from UX Chain's official X account (@ux_xyz), the UX Chain platform announced the initiation of a shutdown plan, requiring users to clear all open positions before the full liquidation starts on April 30, with the protocol expected to completely close on May 15.
UX reserves and financial funds will be used to cover the protocol's funding gap, with specific details to be announced in the UX governance forum.
May 16 (Saturday)
Gaming infrastructure Lattice announced it will gradually close its business after five years of operation, with its Layer 2 network Redstone set to cease operations at 07:59 on May 16, 2026.
Lattice reminds users to withdraw funds before this deadline, especially assets in contracts like Uniswap pools; after closure, only L1 withdrawal contracts will be deployed for external account balance withdrawals, and funds in contracts will be unrecoverable.
It is reported that Lattice was founded in 2021 and developed tools such as the MUD framework, Redstone chain, Quarry, and Dozer, but failed to achieve a sustainable business model. The team will use the remaining funds for the final project DUST autonomous world, but the scale has not reached a level to support the business, and they do not believe VC financing is the right path.
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