KEYTAKEAWAYS
-
Pyth Network faces major token unlock (58.62% of supply), potentially impacting market liquidity and price volatility this week.
-
Texas Bitcoin Reserve Bill advances, potentially making Texas first US state to hold Bitcoin as strategic reserve asset.
-
Crypto community celebrates Bitcoin Pizza Day while monitoring multiple token unlocks that may create short-term market fluctuations.
CONTENT
Crypto Weekly Outlook (5/19-5/25)｜Key Events of the Week (Macro + On-chain)
May 19 (Monday)
-
Pyth Network (PYTH) will unlock 2.13 billion tokens at 22:00, worth approximately $325 million, representing 58.62% of the circulating supply
-
Sahara AI launches its public testnet “SIWA”
May 20 (Tuesday)
-
Texas Bitcoin Reserve Bill SB 21 is scheduled for a second reading in the U.S. House of Representatives
May 22 (Thursday)
- Bitcoin Pizza Day
- Metars Genesis (MRS) will unlock 10 million tokens at 08:00, worth approximately $177 million (circulating supply percentage not specified)
-
Application deadline for YZi Labs’ offline incubation program EASY Residency — deadline at 14:59
-
The U.S. will release weekly initial jobless claims data
May 23 (Friday)
-
Murasaki (MURA) will unlock 10 million tokens at 08:00, worth approximately $2.95 million, representing 1% of the circulating supply
May 25 (Sunday)
-
Venom (VENOM) will unlock 59.26 million tokens at 16:00, worth approximately $6.13 million, representing 2.86% of the circulating supply
KEY EVENTS TO WATCH THIS WEEK
May 22 – Bitcoin Pizza Day
On May 22, the crypto community celebrates Bitcoin Pizza Day🍕, marking the first real-world transaction using Bitcoin.
Back in 2010, Laszlo Hanyecz paid 10,000 BTC for two pizzas—an iconic moment that symbolized Bitcoin’s leap from an abstract idea to a usable currency. While those BTC would be worth hundreds of millions today, the event remains a milestone in crypto history.
Let’s celebrate how far Bitcoin has come since those legendary slices! 🍕🚀
Texas Bitcoin Reserve Bill
Texas Senate Bill 21 (SB 21) is scheduled for its second reading in the Texas House of Representatives on May 20, 2025—a key step before the final full House vote.
With the state legislature set to adjourn in two weeks (by June 2), the time window for advancing the bill is limited. If it passes the second reading, it is expected to move quickly to the third reading and final vote. If approved, the bill will be sent to the Governor for signing into law.
It is worth noting that the fiscal impact of the bill remains uncertain. Due to the high volatility of digital assets like Bitcoin, the actual investment amount and potential outcomes are difficult to predict.
The bill also proposes the establishment of a Strategic Bitcoin Reserve Advisory Committee, which will be responsible for guiding investment strategy and risk management.
Additionally, the State Comptroller will be required to publish a biennial report on Bitcoin reserve holdings and administrative actions to ensure transparency.
WEEKLY SUMMARY
This week brings a mix of major macro and on-chain developments across the crypto space. Pyth Network is set for a massive token unlock, accounting for nearly 60% of its circulating supply, drawing significant market attention.
In the U.S., Texas’ Bitcoin Reserve Bill SB 21 enters a critical legislative phase, potentially laying the legal groundwork for the state to hold Bitcoin as a strategic asset.
May 22 marks Bitcoin Pizza Day, a symbolic milestone celebrating Bitcoin’s first real-world use case. Several token unlocks—including Metars, Murasaki, and Venom—are also scheduled throughout the week and may introduce short-term volatility.
Market participants should stay alert to regulatory updates, unlock timelines, and broader market sentiment—especially as meme coins remain hot, Layer 2 solutions evolve, and macroeconomic indicators like U.S. jobless claims continue to influence risk appetite.
