According to Bluff Magazine, Full Tilt Poker has put a hold on the Onyx Cup, perhaps permanently.
Onyx Cup was set to start May 11th at Las Vegas, but due to recent news Full Tilt will not organize Onyx Cup.
It will be also interesting to see what will happen to FTOPS XX and PokerStars' SCOOP.
SCOOP was set to run from May 8-22, with 38 events and a $45000000 guaranteed prize pool, and FTOPS XX Main Event has, for example, a guaranteed prize pool of $7,5M.
This will also affect to live events like WSOP, since many US players have qualified through FTP or PS to the events.