HLTV reports that Valve sent out an email last week to tournament organizers, stating that the first Major of 2021, scheduled to be held in May, has been cancelled altogether. Instead Valve are now planning to host the next CS:GO Major in Europe between October 25th to November 7th.
According to the report, both venue and tournament organizer has already been chosen, but Valve cautions that it has to "make sense to proceed", for the event to go ahead.
There has been no public communications from Valve, so it remains to be seen what will happen to the Regional Major Rankings - the official qualification process that Valve put in place in the Spring of 2020.
With potential for additional qualifying events, it means that top teams like Mousesports, Gambit and MIBR might still have a chance of qualifying. Maybe even ENCE... on second thought, nevermind, they just want to have fun.