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In the coming week from May 26, 2025 to June 1, 2025, there are other blockchain news that are worth your attention.In the coming week from May 26, 2025 to June 1, 2025, there are other blockchain news that are worth your attention.

Weekly preview | FTX will begin paying bankruptcy claims of major creditors on May 30; Sui (SUI) will unlock tokens worth approximately $154 million

Author: PANews

Source: PANews

2025/05/25 21:42

9 min read

SUI$1.1176-2.68%

MAJOR$0.08548-6.53%

Important news:

Binance will list Huma Finance (HUMA) at 21:00 on May 26, 2025 (GMT+8)
Bybit and Gate will launch Puffverse Token (PFVS) at 20:00 on May 27th, Beijing time.
FTX to start paying bankruptcy claims from major creditors on May 30
Treasure Chain will be officially shut down on May 30th. Users need to migrate their assets as soon as possible.
SEC postpones review of Grayscale’s Ethereum spot ETF to add staking functionality, new review deadline is June 1
Sui (SUI) will unlock approximately 44 million tokens at 8:00 am Beijing time on June 1, accounting for 1.32% of the current circulation, with a value of approximately US$154 million.

May 26

Project News:

The 212th Ethereum ACDC meeting: Fusaka Devnet-0 will be launched on May 26

According to Tim Beiko's summary of the 212th Ethereum Executive Core Developers Meeting (ACDE), the meeting mainly discussed: Fusaka Devnet-0 will be launched on May 26, Fusaka EIP scope discussion (EIP-7825 sets the upper limit of transaction Gas to 30M; EIP-7918 anchors the Blob rate to the Base Fee to alleviate fee fluctuations; these two are confirmed to be included in Devnet-1), testnet strategy (fork Sepolia first, retain Hoodi for application testing; encourage the community to maintain the testnet for a long time).

Next week the CL call will make a decision on EIP-7917, and at the next ACDE call (in two weeks), the team will finalize the scope of Devnet-2 and review update proposals for EIPs 7212, 7934, 7907, and 5920. Glamsterdam discussions will begin after Fusaka’s scope is finalized.

BNB Chain announces Maxwell hard fork: BSC block time will be shortened to 0.75 seconds, and the test network will be upgraded first on May 26

According to the official announcement of BNB Chain, BNB Smart Chain (BSC) will shorten the block time from 1.5 seconds to 0.75 seconds through the Maxwell hard fork, and will be deployed to the mainnet on June 30. This upgrade includes three core improvements: BEP-524 establishes a new block interval standard; BEP-563 optimizes the communication protocol between verification nodes; BEP-564 adds a new block batch synchronization mechanism. Technical adjustments include increasing the verification cycle from Epoch length from 500 to 1000, and the rotation time of a single verification node remains at 12 seconds (16 new blocks). The testnet will be upgraded first on May 26, and five standards such as node synchronization stability and no increase in reorganization rate must be met before the mainnet can be deployed.

Governance Voting:

Initia releases inflation correction and staking exit subsidy proposals, on-chain voting will begin on May 26

The Initia Foundation has published a governance proposal on the official forum, proposing to amend the current INIT release rate of 5% of the total annual supply to the initially set "5% of the pledged supply", that is, 1.25% of the annualized total supply. This amendment stems from the parameter configuration error at the creation of the coin on April 24, which led to excessive inflation, nearly 4 times higher than the original plan.

The Foundation also proposed two types of subsidy plans to compensate users affected by Proposal 39 for the loss of staking income. The subsidy will be borne by the Foundation's treasury, and users can apply for it in the Initia App before July 7, without lock-up requirements. The on-chain vote will start at 14:00 on May 26 and will be executed or rejected on June 2. The Foundation recommends voting against the original Proposal 39 to ensure the credibility of community governance.

May 27

Policy supervision:

The US SEC has postponed its decision on Canary Capital’s Litecoin spot ETF application. Comments are due on May 27.

According to former Fox Business reporter Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC) has postponed its decision on the Litecoin (LTC) spot ETF application submitted by Canary Capital and launched a public comment process to focus on evaluating whether the ETF meets regulatory requirements to prevent fraud and manipulation. The deadline for comments is May 26 (May 27, Beijing time), and the deadline for replies is June 9 (June 10, Beijing time).

The extension is consistent with Bloomberg analyst James Seyffart's previous prediction that " there is a high probability that the final decision will be postponed rather than directly approved or rejected. "

Project dynamics:

Aethir will launch a Checker node buyback program on May 27

Aethir announced that it will launch a Checker node buyback program on May 27, allowing node holders to sell NFT licenses back to Aethir and receive rewards. The program aims to support new GPU computing nodes to join Aethir's decentralized cloud computing network and further enhance its DePIN ecosystem. Users can obtain eATH (EigenATH), a token used to support Aethir's infrastructure, by selling nodes. The program adopts EigenLayer's AVS model to promote the access of new computing power. The buyback price will fluctuate according to market conditions, and users who participate earlier will receive additional rewards.

May 28

Policy supervision:

U.S. Vice President Vance to Speak at 'Bitcoin 2025' Conference on May 28

U.S. Vice President Cyrus Vance will speak at the “Bitcoin 2025” conference in Las Vegas on May 28.

Token unlocking:

Bio Protocol (BIO) will unlock approximately 339 million tokens at 8:00 am Beijing time on May 28, accounting for 20.22% of the current circulation and worth approximately US$28 million.

May 29

Macroeconomics:

At 2 a.m., the Federal Reserve released the minutes of its May monetary policy meeting.

At 8:30 p.m., the number of initial jobless claims in the United States for the week ending May 24 and the revised annualized quarterly rate of real GDP in the first quarter of the United States will be released.

Project News:

MilkyWay airdrop collection will end on May 29

According to MilkyWay's official announcement, the deadline for claiming Massdrop is 18:00 (UTC+8) on May 29, 2025, and users can apply through the official website link.

May 30

Project News:

OKX Wallet is upgrading its Fractal BRC-20 protocol services. Affected services are expected to return to normal on May 30.

OKX Wallet is currently upgrading the Fractal BRC-20 protocol service. During the upgrade, Fractal BRC-20 related services will be temporarily unavailable. The affected services are expected to return to normal on May 30, 2025. After the service upgrade is completed, users can view and manage Fractal BRC-20 protocol related assets in the wallet normally.

Treasure Chain will be officially shut down on May 30th. Users need to migrate their assets as soon as possible.

With the passing of the TIP-52 proposal, Treasure Chain will be officially shut down on May 30. Users need to bridge ETH, MAGIC, SMOL and Beacon WOP NFT assets to L1 or Arbitrum chain respectively before the end of the month. The current on-chain bridge has been stopped, and MAGIC-ETH liquidity has been moved to the Ethereum mainnet and launched on Uniswap.

Token unlocking:

Kamino (KMNO) will unlock approximately 229 million tokens at 8:00 pm Beijing time on May 30, accounting for 14.97% of the current circulation and worth approximately US$15.1 million.

Renzo (REZ) will unlock approximately 423 million tokens at 7:00 pm Beijing time on May 30, accounting for 16.10% of the current circulation and worth approximately US$5.7 million.

May 31

Token unlocking:

Optimism (OP) will unlock approximately 31.34 million tokens at 8:00 am Beijing time on May 31, accounting for 1.83% of the current circulation, with a value of approximately US$22.7 million.

June 1

Policy supervision:

SEC postpones review of Grayscale’s Ethereum spot ETF to add staking functionality, new review deadline is June 1

The U.S. Securities and Exchange Commission (SEC) has decided to extend the review period for the rule change proposal submitted by NYSE Arca. The proposal intends to allow Grayscale Ethereum Trust ETF and Mini Trust ETF to pledge Ethereum holdings. The rule was originally open for public comments on March 3, and no comments have been received so far. The SEC extended the review deadline from the original April 17 to June 1, 2025 to fully evaluate the proposal and related issues.

Trump: It is recommended to impose a 50% tariff directly on the EU from June 1

US President Trump said on social media that the main purpose of the establishment of the European Union is to take advantage of the United States in trade, but the European Union is difficult to deal with. Their strong trade barriers, value-added taxes, ridiculous corporate penalties, non-monetary trade barriers, currency manipulation, unfair and unreasonable lawsuits against American companies, etc., have led to an annual trade deficit of more than $250,000,000 in the United States, which is totally unacceptable. Our discussions with them have made no progress. Therefore, I propose to impose a direct tariff of 50% on the European Union from June 1, 2025. If the product is manufactured or produced in the United States, no tariff will be imposed.

Project dynamics:

Wintermute will establish its US headquarters in Manhattan, New York on June 1 and enter the US market

Crypto market maker Wintermute announced that it will set up its US headquarters in Manhattan, New York on June 1, and hired former Blockchain Association policy director Ron Hammond as policy director. The CEO said that the company decided to quickly deploy in the market because US policies have turned to a friendlier one. Hammond, who once drafted crypto regulations for lawmakers, said he would take this opportunity to promote compliance innovation and industry cooperation.

Neo to shut down testnet on June 1

Neo announced that it will officially shut down the Neo Legacy mainnet on October 31, 2025, and the testnet on June 1, 2025. Neo Legacy has been running for more than 8 years since its launch in 2016. The official will save data snapshots before shutting down. After the shutdown, functions such as asset transfer and smart contract deployment will be permanently stopped, and unmigrated assets will be lost. Users need to complete asset migration through the official migration portal, and the Neo team will also assist centralized exchanges in handling custodial assets.

Token unlocking:

Sui (SUI) will unlock approximately 44 million tokens at 8:00 am Beijing time on June 1, accounting for 1.32% of the current circulation, with a value of approximately US$154 million.

ZetaChain (ZETA) will unlock approximately 44.26 million tokens at 8:00 am Beijing time on June 1, accounting for 5.34% of the current circulation and worth approximately $10.9 million.

DYDX (DYDX) will unlock approximately 8.33 million tokens at 8:00 am Beijing time on June 1, accounting for 1.07% of the current circulation and worth approximately US$5 million.

Market Opportunity

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#DeFi #ETF #On-chain #NFT #Airdrop

The gaming industry is in the midst of a historic shift, driven by the rise of Web3. Unlike traditional games, where developers and publishers control assets and dictate in-game economies, Web3 gaming empowers players with ownership and influence. Built on blockchain technology, these ecosystems are decentralized by design, enabling true digital asset ownership, transparent economies, and a future where players help shape the games they play. However, as Web3 gaming grows, security becomes a focal point. The range of security concerns, from hacking to asset theft to vulnerabilities in smart contracts, is a significant issue that will undermine or erode trust in this ecosystem, limiting or stopping adoption. Blockchain technology could be used to create security processes around secure, transparent, and fair Web3 gaming ecosystems. We will explore how security is increasing within gaming ecosystems, which challenges are being overcome, and what the future of security looks like. Why is Security Important in Web3 Gaming? Web3 gaming differs from traditional gaming in that players engage with both the game and assets with real value attached. Players own in-game assets that exist as tokens or NFTs (Non-Fungible Tokens), and can trade and sell them. These game assets usually represent significant financial value, meaning security failure could represent real monetary loss. In essence, without security, the promises of owning “something” in Web3, decentralized economies within games, and all that comes with the term “fair” gameplay can easily be eroded by fraud, hacking, and exploitation. This is precisely why the uniqueness of blockchain should be emphasized in securing Web3 gaming. How Blockchain Ensures Security in Web3 Gaming?

Immutable Ownership of Assets Blockchain records can be manipulated by anyone. If a player owns a sword, skin, or plot of land as an NFT, it is verifiably in their ownership, and it cannot be altered or deleted by the developer or even hacked. This has created a proven track record of ownership, providing control back to the players, unlike any centralised gaming platform where assets can be revoked.
Decentralized Infrastructure Blockchain networks also have a distributed architecture where game data is stored in a worldwide network of nodes, making them much less susceptible to centralised points of failure and attacks. This decentralised approach makes it exponentially more difficult to hijack systems or even shut off the game’s economy.
Secure Transactions with Cryptography Whether a player buys an NFT or trades their in-game tokens for other items or tokens, the transactions are enforced by cryptographic algorithms, ensuring secure, verifiable, and irreversible transactions and eliminating the risks of double-spending or fraudulent trades.
Smart Contract Automation Smart contracts automate the enforcement of game rules and players’ economic exchanges for the developer, eliminating the need for intermediaries or middlemen, and trust for the developer. For example, if a player completes a quest that promises a reward, the smart contract will execute and distribute what was promised.
Anti-Cheating and Fair Gameplay The naturally transparent nature of blockchain makes it extremely simple for anyone to examine a specific instance of gameplay and verify the economic outcomes from that play. Furthermore, multi-player games that enforce smart contracts on things like loot sharing or win sharing can automate and measure trustlessness and avoid cheating, manipulations, and fraud by developers.
Cross-Platform Security Many Web3 games feature asset interoperability across platforms. This interoperability is made viable by blockchain, which guarantees ownership is maintained whenever assets transition from one game or marketplace to another, thereby offering protection to players who rely on transfers for security against fraud. Key Security Dangers in Web3 Gaming Although blockchain provides sound first principles of security, the Web3 gaming ecosystem is susceptible to threats. Some of the most serious threats include:

Smart Contract Vulnerabilities: Smart contracts that are poorly written or lack auditing will leave openings for exploitation and thereby result in asset loss. Phishing Attacks: Unintentionally exposing or revealing private keys or signing transactions that are not possible to reverse, under the assumption they were genuine transaction requests. Bridge Hacks: Cross-chain bridges, which allow players to move their assets between their respective blockchains, continually face hacks, requiring vigilance from players and developers. Scams and Rug Pulls: Rug pulls occur when a game project raises money and leaves, leaving player assets worthless. Regulatory Ambiguity: Global regulations remain unclear; risks exist for players and developers alike. While blockchain alone won’t resolve every issue, it remediates the responsibility of the first principles, more so when joined by processes such as auditing, education, and the right governance, which can improve their contribution to the security landscapes in game ecosystems. Real Life Examples of Blockchain Security in Web3 Gaming Axie Infinity (Ronin Hack): The Axie Infinity game and several projects suffered one of the biggest hacks thus far on its Ronin bridge; however, it demonstrated the effectiveness of multi-sig security and the effective utilization of decentralization. The industry benefited through learning and reflection, thus, as projects have implemented changes to reduce the risks of future hacks or misappropriation. Immutable X: This Ethereum scaling solution aims to ensure secure NFT transactions for gaming, allowing players to trade an asset without the burden of exorbitant fees and fears of being a victim of fraud. Enjin: Enjin is providing a trusted infrastructure for Web3 games, offering secure NFT creation and transfer while reiterating that ownership and an asset securely belong to the player. These examples indubitably illustrate that despite challenges to overcome, blockchain remains the foundational layer on which to build more secure Web3 gaming environments. Benefits of Blockchain Security for Players and Developers For Players: Confidence in true ownership of assets Transparency in in-game economies Protection against nefarious trades/scams For Developers: More trust between players and the platform Less reliance on centralized infrastructure Ability to attract wealth and players based on provable fairness By incorporating blockchain security within the mechanics of game design, developers can create and enforce resilient ecosystems where players feel reassured in investing time, money, and ownership within virtual worlds. The Future of Secure Web3 Gaming Ecosystems As the wisdom of blockchain technology and industry knowledge improves, the future for secure Web3 gaming looks bright. New growing trends include: Zero-Knowledge Proofs (ZKPs): A new wave of protocols that enable private transactions and secure smart contracts while managing user privacy with an element of transparency. Decentralized Identity Solutions (DID): Helping players control their identities and decrease account theft risks. AI-Enhanced Security: Identifying irregularities in user interactions by sampling pattern anomalies to avert hacks and fraud by time-stamping critical events. Interoperable Security Standards: Allowing secured and seamless asset transfers across blockchains and games. With these innovations, blockchain will not only secure gaming assets but also enhance the overall trust and longevity of Web3 gaming ecosystems. Conclusion Blockchain is more than a buzzword in Web3; it is the only way to host security, fairness, and transparency. With blockchain, players confirm immutable ownership of digital assets, there is a decentralized infrastructure, and finally, it supports smart contracts to automate code that protects players and developers from the challenges of digital economies. The threats, vulnerabilities, and scams that come from smart contracts still persist, but the industry is maturing with better security practices, cross-chain solutions, and increased formal cryptographic tools. In the coming years, blockchain will remain the base to digital economies and drive Web3 gaming environments that allow players to safely own, trade, and enjoy their digital experiences free from fraud and exploitation. While blockchain and gaming alone entertain, we will usher in an era of secure digital worlds where trust complements innovation. The Role of Blockchain in Building Safer Web3 Gaming Ecosystems was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story