Crypto Week Ahead: New Fed Chair, Base Azul Mainnet, Inflation Data, and a Packed Earnings Calendar!

The week of May 11 lands with an unusually dense macro and crypto calendar. Jerome Powell's term as Fed Chair officially ends May 15, with the Senate expected to vote on Kevin Warsh's nomination package on May 11 — a leadership transition that markets will be watching closely for any signal on rate policy. U.S. CPI drops May 12 (April MoM est. 0.6%, YoY prev. 3.3%), followed by PPI on May 13, giving traders back-to-back inflation reads ahead of the Fed transition.

On the crypto side, Base's Azul upgrade is expected to go live on mainnet May 13, Ronin officially moves back to Ethereum May 12, and the Senate Banking Committee is scheduled to mark up the Digital Asset Market Clarity Act of 2025 on May 14. Earnings from MARA, CleanSpark, Circle, eToro, and Coinbase-adjacent names roll through the week.

"The market is entering a phase where liquidity is becoming more selective rather than…