Ronin Network transitions from a sidechain to an Ethereum Layer 2 network through a hard fork on May 12, 2026. The gaming blockchain adopts the OP Stack framework developed by Optimism for its Layer 2 architecture, moving back to Ethereum as its base layer. The upgrade represents a fundamental shift in Ronin's technical infrastructure.
Federal Reserve leadership transition
- ▪Jerome Powell's term as Federal Reserve Chair officially ends on May 15, 2026
- ▪The U.S. Senate is expected to hold a procedural vote on Kevin Warsh's Federal Reserve nomination package on May 11, 2026
- ▪Jerome Powell's board term at the Federal Reserve continues until January 31, 2028
Crypto market infrastructure upgrades
- ▪Avalanche is scheduled to unlock 0.31% of its circulating supply worth $16.55 million on May 12, 2026
- ▪Ronin Network officially moves back to Ethereum on May 12, 2026
- ▪Base Azul upgrade is expected to go live on mainnet on May 13, 2026
Macroeconomic data calendar
- ▪Bitcoin was trading at $81,924.80 as of May 11, 2026
- ▪Germany's inflation rate final for April 2026 year-over-year is estimated at 2.9%, compared to a previous 2.8%
- ▪U.S. Core CPI month-over-month for April 2026 is estimated at 0.4%, compared to a previous 0.2%
- ▪The U.S. Senate Banking Committee markup is scheduled for the Digital Asset Market Clarity Act of 2025 on May 14, 2026
Crypto company earnings reports
- ▪MARA Holdings reports earnings post-market on May 11, 2026, with an estimated loss of $0.45 per share
- ▪Strategy has spent roughly $61.8 billion on bitcoin at an average cost of $75,540 per coin
- ▪Strategy purchased 535 bitcoin for about $43 million at an average price of $80,340 per coin
- ▪Circle Internet Group reports earnings pre-market on May 11, 2026, with an estimated earnings of $0.17 per share
- ▪MSTR shares rose 1% in pre-market trading on May 11, 2026
DAO governance votes
- ▪Compound DAO is voting to contribute about 1,860 ETH to the DeFi United rsETH recovery effort, with voting ending May 11, 2026
- ▪QuickSwap DAO is voting to integrate the MEV-X Homelander plugin to capture backrunning MEV from its liquidity pools, with voting ending May 12, 2026
- ▪GnosisDAO is voting to let holders burn GNO for a pro-rata share of the treasury's liquid assets and a synthetic claim token for illiquid investments, with voting ending May 12, 2026
- ▪Balancer DAO is voting to distribute a one-time 500,000 USDC airdrop to veBAL holders as compensation for discontinued incentives, with voting ending May 12, 2026
- ▪1inch DAO is voting to allocate $155,000 USDC for its 2026 public policy and regulatory advocacy program, with voting ending May 11, 2026
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