This Week's News Preview | The Federal Reserve Releases the Last FOMC Minutes of the "Powell Era"

By: rootdata|2026/05/20 03:45:00

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整理：Jerry，ChainCatcher

Key News:

Coinbase will launch four AI infrastructure stock perpetual contracts on May 18.
Binance contracts will launch multiple U-based TradFi perpetual contracts on May 18.
The Federal Reserve will release the last FOMC meeting minutes of the "Powell era" on May 21.
The Blue Sky Greyscale case has over 120,000 multinational claims, with the UK recovery registration deadline on May 22.
Cardano NFT trading platform JPG Store announced it will cease operations on May 23.

May 18 (Monday)

Coinbase will launch four AI infrastructure stock perpetual contracts on May 18

Coinbase announced it will launch four AI infrastructure stock perpetual contracts on May 18, including Cerebras Systems (CBRS), TSMC, Nebius Group (NBIS), and Bloom Energy (BE).

The official statement indicated that the related contracts support long and short positions, leverage, and 24/7 trading, and will be open to retail and institutional traders in regions that meet liquidity conditions.

Binance contracts will launch multiple U-based TradFi perpetual contracts on May 18

The Binance contract platform will launch the FLNCUSDT perpetual contract at 21:55 on May 18, with a maximum leverage of 10 times; the DRAMUSDT perpetual contract at 22:00, with a maximum leverage of 20 times; and the RKLBUSDT perpetual contract at 22:05, with a maximum leverage of 10 times.

Binance contracts will launch the first USD1 priced perpetual contract BTCUSD1 on May 18

Binance contracts announced that the BTCUSD1 U-based perpetual contract will officially launch at 17:00 Beijing time on May 18, 2026 (09:00 UTC), supporting a maximum leverage of 100 times.

It is reported that this is the first USD1 contract trading pair launched by Binance, using USD1 as the settlement asset. Additionally, the contract supports a multi-asset model. Currently, the collateral conversion rate for USD1 in Binance's unified account reaches 99.99%, meaning USD1 has simultaneously taken on the roles of pricing currency, margin asset, and collateral on the leading trading platform.

May 21 (Thursday)

The Federal Reserve will release the last FOMC meeting minutes of the "Powell era" on May 21

At 2:00 on May 21, the Federal Reserve will release the FOMC meeting minutes from April 29, which will be the last meeting minutes of the "Powell era," detailing the committee's stance before Powell's successor takes over.

Y Combinator will conduct in-person interviews for crypto and fintech startups in New York for the first time on May 21

According to The Block, the well-known startup accelerator Y Combinator will hold in-person interviews in New York City for the first time, focusing on fintech and cryptocurrency startups, hoping to support more companies in this field.

YC stated on Wednesday: "This is the first time YC has moved the interview process for a specific industry offline, as they are meeting with founders who are forming key ecosystems."

A YC spokesperson stated that the interviews will take place offline in New York on May 21. The standard investment condition for selected startups is a $500,000 investment for a 7% equity stake. Earlier this year, after YC introduced this option, startups could also choose to receive funding in the form of Circle's stablecoin USDC.

The YC Winter 2026 batch includes several crypto and fintech startups, including financial infrastructure Sponge Wallet for the AI agent economy, crypto deposit service provider Unifold, unified trading platform Sequence Markets for crypto, real-world assets, and prediction markets, as well as the cross-platform trading platform Valence for prediction markets.

Since its establishment in 2005, YC has invested in over 5,000 companies, with a total valuation exceeding $1 trillion. Its portfolio includes OpenAI, Airbnb, Stripe, and Reddit. YC's first crypto investment was in Coinbase in 2012, and it has since invested in over 150 crypto and fintech companies, including the prediction market platform Kalshi, DeFi trading platform Axiom, and NFT marketplace OpenSea. Last year, YC collaborated with Coinbase to support startups building on-chain infrastructure, referring to this shift as "Fintech 3.0."

May 22 (Friday)

The Blue Sky Greyscale case has over 120,000 multinational claims, with the UK recovery registration deadline on May 22

According to Caixin, on February 16 and 17, 2026, the UK High Court held a two-day hearing for the asset disposal of the money laundering case involving 60,000 bitcoins belonging to Qian Zhimin, with over 11,300 Chinese victims planning to submit recovery applications to the UK High Court, which only accounts for 8.8% of the 128,409 victims. The UK recovery registration will close on May 22.

According to Section 281 of the UK Proceeds of Crime Act (POCA), if someone claims that assets frozen or intended for confiscation by the government originally belonged to them, they can submit a recovery application to the UK High Court. On October 22, 2024, the UK allowed Blue Sky Greyscale victims to proactively seek recovery, providing evidence to the UK High Court to prove they are victims of the Blue Sky Greyscale case and have a relationship with the assets involved.

May 23 (Saturday)

Cardano NFT trading platform JPG Store announced it will cease operations on May 23

According to the official announcement from JPG Store, the NFT trading platform serving the Cardano ecosystem for over four years, JPG Store and Comet platform will officially close on May 23, 2026, due to operational difficulties.

After the platform closes, NFTs stored in self-custody wallets and JPG Store contracts will still belong to the users and can continue to be accessed through other aggregation platforms or Cardano CLI. The smart contracts will remain open-source, and the platform will provide GitHub links for community developers to continue building related tools.

-- Price

On June 9, The Kobeissi Letter, citing Goldman Sachs data, reported that global investors are selling South Korean stocks at an unusually rapid pace. In the latest trading session, foreign investors sold about $801 million worth of Kospi constituent stocks again; total foreign outflows last week reached about $10 billion, and the market has been in net foreign selling on nearly every trading day over the past month. According to the data cited in the report, foreign investors have sold about $75 billion worth of South Korean stocks so far this year. Meanwhile, South Korean retail and institutional investors together recorded roughly $69 billion in net buying over the same period, suggesting that the market’s main buying support has come from domestic capital rather than returning overseas funds. The information currently disclosed still mainly comes from The Kobeissi Letter’s retelling and Goldman Sachs data summaries, while public details on the statistical period and the specific definition of “selling” remain relatively limited.

Fortune Warns of Strategy’s Financing Structure Risks as Bitcoin Premium Narrows

Fortune warned that Strategy’s Bitcoin treasury model faces growing financing risks as MSTR’s net asset premium narrows and preferred stock dividend pressure increases.

Ferrari Challenge Le Mans: Carl Moon to Dominate in WEEX Livery

The art of absolute control. Inside Carl Moon’s Ferrari 296 Challenge quest at Le Mans, taming the storm together with the official WEEX livery.

Sahara AI Responds to SAHARA’s Sharp Drop: No Contract or Product Security Issues Found, Internal Investigation Underway

Sahara AI responded to SAHARA’s 60% price drop, saying no token contract or product security issues have been found and an internal investigation is underway.

WEEX Deposit/Withdrawal Dynamic Island: Your Asset Status, Always in Sight

WEEX introduces Deposit and Withdrawal Info on Dynamic Island for iOS. See fund transfer progress on your dynamic island, lock screen, or while using other apps. No more guessing. No more refreshing.

Scaling Crypto Derivatives: The Digital Asset Infrastructure Behind High-Volume Trading

In the fast-moving digital asset ecosystem, derivatives platforms face an extreme architectural test. High-leverage futures markets demand more than just standard security—they require absolute operational precision, zero-latency matching engines, and ironclad structural scalability, all while navigating intense market volatility.

As global platforms scale to meet these demands, the industry is shifting away from rigid, monolithic setups toward a more agile, "decoupled" infrastructure philosophy.

The Blueprint for High-Volume Copy Trading

For elite global exchanges like WEEX (founded in 2018), this architectural choice becomes critical when scaling high-volume retail features like social copy trading. When thousands of users automatically mirror the real-time strategies of elite traders simultaneously, it triggers sudden, monumental spikes in concurrent transactional volume.

To prevent execution latency or settlement bottlenecks during these peak volatility events, a platform's primary engine must remain entirely dedicated to risk management, copy-trade synchronization, and order matching.

The Architectural Rule: New-generation platforms must separate front-end user execution engines from heavy backend infrastructural overhead to eliminate operational friction.

By separating these layers, platforms can maintain complete sovereignty over their trading environments and user experiences while strategically aligning with institutional-grade infrastructure ecosystems. This strategic framework allows modern exchanges to leverage advanced Digital Asset Custody infrastructure such as Cobo’s behind the scenes, ensuring that backend wallet management scales elastically alongside trading spikes.

Capitalizing on Market Momentum and 400× Leverage

In a derivatives arena where platforms offer up to 400× leverage on perpetual contracts, capital efficiency and market agility are core business metrics. To capture market momentum, an exchange needs the ability to rapidly expand its asset offerings, supporting everything from legacy crypto assets to sudden, trending altcoins across a massive library of trading pairs.

Adopting a flexible, scalable Wallet-as-a-Service (WaaS) solution such as Cobo’s could completely rewrite the development timeline for high-growth exchanges. Instead of spending months of engineering capital building out custom backend wallet architectures for every new blockchain network, platforms can deploy localized infrastructure in days.

This agility allows platforms to instantly scale their listings to over a thousand trading pairs without compromising security or delaying time-to-market. It mirrors the exact operational advantages seen during high-velocity market events, similar to how advanced wallet infrastructure empowers platforms during sudden asset surges; allowing exchanges to pass that speed and liquidity directly to their global user base.

A Mature Foundation for Growth

The synergy between trusted infrastructure ecosystems and global trading platforms represents the natural evolution of a maturing crypto market. As WEEX continues to scale its global spot and derivatives offerings for over 6 million users, adopting robust backend paradigms proves that platforms no longer have to compromise between cutting-edge trading velocity and uncompromised structural security.

Get Paid to Onboard? Try WEEX’s New Homepage with Rewards for Registration, Deposit & Trade

WEEX just launched a brand new homepage and a 3-step new user onboarding guidance. Complete Registration → Deposit → Trade to earn exclusive rewards. Faster navigation, clear progress, and instant bonuses. Download the latest WEEX App to try it now.

WEEX Custom Layout: Build Your Perfect Trading Workspace in Seconds

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Overview of Important Market Events on June 8th

Wang Chuan: How can one not feel anxious after the neighbor Old Wang made thirty times profit by investing in storage stocks? (Seven) - A quarter-century cycle