Weekly Crypto Preview: FTX Bankruptcy Claims, Sui Token Unlock, and Major Exchange Listings

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Key Events Overview

This week brings significant developments across the crypto ecosystem:

May 26 Highlights

Exchange Listings

Binance Launchpool: Huma Finance (HUMA)
Launching at 21:00 UTC+8 with five trading pairs (USDT, USDC, BNB, FDUSD, TRY). Huma Finance accelerates cross-border payments through instant liquidity access.

Market Closures
US and UK markets closed for Memorial Day and Spring Bank Holiday respectively.

Project Updates

Ethereum Fusaka Devnet-0 Launch
The testnet goes live with critical EIP implementations including gas limit adjustments and blob fee stabilization.

BNB Chain Maxwell Hard Fork
Testing begins for 0.75-second block times (50% faster than current speed), with mainnet deployment scheduled for June 30.

Governance

Initia Inflation Correction Vote
Proposal to fix excessive token inflation goes live, with staking subsidy plans for affected users.

May 27 Developments

Regulatory Update

SEC Extends Litecoin ETF Review
Public comments now accepted until May 27 for Canary Capital's LTC ETF application.

New Listings

Puffverse Token (PFVS) Debuts
Launching simultaneously on:

The Disney-inspired metaverse project combines Web3 and Web2 elements.

Project News

Aethir Checker Node Buyback
Program begins for node license holders to sell back NFT licenses at floating rates.

May 28 Notables

Policy Watch

US Vice President at Bitcoin 2025
Keynote address scheduled for Las Vegas conference.

Exchange Activity

Sophon (SOPH) Listings

EOS Token Migration
Binance and OKX support 1:1 swap to Vaulta (A) tokens, with new trading pairs available May 28.

Token Unlock

Bio Protocol (BIO)
$28 million worth of tokens (20.22% of circulating supply) releasing at 08:00 UTC+8.

May 29 Focus

Economic Indicators

Exchange Updates

OKX Product Sunset
Phase-out begins for select perpetual contracts and margin trading pairs including CRVUSD and GLMR.

Project Deadline

MilkyWay Airdrop Claim
Last chance to collect Massdrop rewards before 18:00 UTC+8 cutoff.

May 30 Milestones

Bankruptcy Proceedings

FTX Creditor Payments
Initial distributions begin from $11.4 billion cash reserves.

Project Changes

Treasure Chain Shutdown
Final day for asset migration to Ethereum or Arbitrum networks.

Token Unlocks

Two major releases:

May 31 Updates

Exchange Changes

Bybit Wallet Services Sunset
Cloud Wallet and Keyless Wallet functionality terminates permanently.

Token Release

Optimism (OP)
$22.7 million unlock (1.83% of circulating supply) at 08:00 UTC+8.

June 1 Outlook

Regulatory Timeline

SEC Ethereum ETF Decision Delay
New deadline for Grayscale's staking-enabled ETF proposal.

Project Moves

Wintermute US Expansion
New York headquarters opens as market maker enters American market.

Major Token Unlocks

Three significant releases:

FAQs

Q: How can FTX creditors expect to receive payments?
A: Distributions will occur through official bankruptcy channels starting May 30, with amounts based on approved claim amounts.

Q: What happens if I miss the MilkyWay airdrop deadline?
A: Unclaimed tokens will be forfeited after the May 29 cutoff per project terms.

Q: Are there risks associated with the Sui token unlock?
A: Large unlocks can create selling pressure. ๐Ÿ‘‰ Learn about token unlock strategies before trading.

Q: How does Binance's seed tag affect HUMA trading?
A: Seed-tagged assets have higher volatility and may face trading restrictions for new users.

Q: When will Wintermute's US operations begin?
A: The New York office officially opens June 1 with expanded services. ๐Ÿ‘‰ See exchange listings for supported platforms.

Q: What's the significance of Ethereum's Fusaka upgrade?
A: It implements critical scalability improvements ahead of broader network upgrades.