This week, the cryptocurrency market is poised for significant developments, with key network updates and macroeconomic events in focus. Starknet is set to launch "strkBTC," a Bitcoin asset with privacy features, on May 12, enhancing Bitcoin's DeFi applications. Ethereum is also expected to announce a new product, potentially involving stablecoins and yield solutions. On the macroeconomic front, the US Senate will vote on May 11 regarding Kevin Warsh's appointment as Fed Chairman, a decision that could influence interest rate policies. Additionally, the Ronin network plans to migrate to an Ethereum Layer-2 network on May 12, aiming to improve scalability and reduce transaction costs. Sushi will launch its futures trading platform "Perps v2" on May 11, while the US Senate Banking Committee will debate the CLARITY Act on May 14. These events, alongside a meeting between US President Donald Trump and Chinese President Xi Jinping, are expected to impact the crypto market.