Crypto Morning Brief: China to cut tariffs on U.S. goods to 10%, Binance Alpha users with 186 points eligible for PUFFER airdrop
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Crypto Morning Brief: China to cut tariffs on U.S. goods to 10%, Binance Alpha users with 186 points eligible for PUFFER airdrop
Strategy increased its Bitcoin holdings by 13,390 BTC, with an average purchase price of $99,856.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
Bloomberg: China to reduce tariffs on U.S. goods from 125% to 10% for 90 days
According to Bloomberg, China will reduce tariffs on U.S. goods from 125% to 10% for a period of 90 days.
U.S. President Trump: Many other agreements are about to be reached
According to Jinshi Data, U.S. President Trump stated that many other agreements are about to be reached, and very positive developments have occurred regarding Iran. Iran is taking wise actions. Some sanctions on Syria may be eased or even completely lifted.
Federal Reserve Governor Couglin: Supports keeping interest rates at current restrictive levels unchanged
According to Jinshi Data, Federal Reserve Governor Couglin said the Fed is closely monitoring changes in trade policy and their impact on productivity and the economic outlook. It is crucial to keep long-term inflation expectations stable. Uncertainty over tariffs has already affected the economy. Progress in bringing down inflation has slowed. Labor market conditions have remained largely stable. Assessing the underlying pace of economic growth is becoming increasingly difficult. Trade policies are shifting but could still lead to higher prices and slower economic growth. Supports maintaining interest rates at the current restrictive level, positioning the Fed well to respond to changes in the macroeconomic outlook.
CICC: Further tariff de-escalation could open the door for Fed rate cuts
According to Jinshi Data, CICC research report states that if tariffs are further de-escalated, the Fed might have room to cut rates. Current growth pressures are not yet evident—April’s nonfarm payrolls remain strong, and both ISM manufacturing and services PMIs show resilience. Even if the Fed wanted to act preemptively, there isn’t sufficient justification, especially considering Chair Powell’s term ends in May next year, making early action highly risky. Therefore, in balancing the "dilemma" between inflation and growth, the Fed is more likely to adopt a wait-and-see approach rather than acting “preemptively.” However, if tariff risks continue to de-escalate, the Fed may have an opportunity to cut rates in the third or fourth quarter to alleviate future growth pressures.
Ethereum's fee income reaches $2.2 million over past 24 hours, reclaiming top spot
According to Artemis data, Ethereum generated $2.2 million in fee income over the past 24 hours, reclaiming the top position.
Tron earned $2 million in fees, ranking second; Hyperliquid and Solana followed with $1.7 million and $1.5 million respectively, placing them third and fourth. BNB Chain ranked fifth with $543,200 in fee income.
Binance Alpha users with 186 points to receive 362 PUFFER airdrop
According to Binance customer service, users who reach 186 Binance Alpha points will receive a 362 PUFFER airdrop. Users with Alpha points between 147 and 185 (inclusive) whose UID ends with 5 will receive a lucky airdrop.
Trump's company Truth Social denies rumors of launching a new Meme coin
Truth Social, the company owned by Trump, denied rumors of launching a new Meme coin via its official account.
First TrumpMeme contest concludes, NFTs, points program, and next phase to be revealed at dinner event
The official X account of TrumpMeme announced the conclusion of the first TRUMP meme contest. All participants ranked within the top 220 on the leaderboard will receive detailed information about dining with President Trump and must complete a background check to confirm eligibility.
1. As a token of appreciation to the TRUMP MEME community, all users registered on the leaderboard will receive an exclusive NFT. Additionally, the top 220 $TRUMP holders will receive unique NFTs, expected to be distributed shortly after the dinner. Users holding the same amount of $TRUMP as reflected on the final leaderboard will also receive a limited-edition TRUMP SOLANA NFT.
2. The TRUMP rewards points program is now live, allowing users to start earning points by connecting their wallets.
3. The next phase of TRUMP will be unveiled during the dinner event.
Strategy increases Bitcoin holdings by 13,390 BTC at average price of $99,856
According to official news, Strategy increased its Bitcoin holdings by 13,390 BTC at an average purchase price of $99,856. Year-to-date through 2025, Bitcoin has delivered a return of 15.5%. As of May 11, 2025, the company holds a total of 568,840 BTC, with an average cost of approximately $69,287 per Bitcoin.
MSS issues warning: Cryptocurrencies used as bait by overseas anti-China organizations; salesperson loses thousands of dollars
Recently, the Ministry of State Security released three cases involving national security via its WeChat official account. One case revealed that Wang, a medical equipment salesperson, was lured by high-return investment promises after watching videos posted by an overseas anti-China organization, voluntarily joined the group, and purchased $10,000 worth of cryptocurrency.
It is reported that the anti-China organization raised funds by issuing cryptocurrencies and used the proceeds to conduct anti-China activities. The MSS warns the public to stay vigilant against such cryptocurrency transaction risks and avoid participating in activities endangering national security for personal gain.
Jingdong advances RWA strategy, plans integration with stablecoins and digital yuan
Jingdong Technology Group has begun recruiting for an RWA (real-world asset tokenization) team, positioning it as "a strategic move combining new energy and blockchain." Job openings include Asset Management System Product Director and Solutions Director, primarily responsible for designing asset management systems for new energy RWA, acquiring assets, and driving industrial implementation. Notably, JD requires product designs to seamlessly integrate with stablecoins and digital yuan. As one of the first companies in Hong Kong admitted into the stablecoin sandbox and a participant in mainland China’s digital yuan pilot program, Jingdong is poised to become a pioneer in integrating RWA with digital yuan.
Market Movements
Suggested Reading
This article discusses how Lorenzo Protocol is building a universal financial abstraction layer to tokenize traditional finance yield strategies and integrate them into DeFi scenarios, aiming to create an institutional-grade on-chain asset management platform that merges CeFi and DeFi—potentially becoming a Web3 version of "BlackRock + Goldman Sachs." The platform offers diversified and sustainable real yields for on-chain assets and attracts users and institutions through modular yield products and the $BANK token incentive mechanism.
Battle of payment giants in the stablecoin era: What are Visa and Mastercard building?
This article discusses how Visa and Mastercard are competing for dominance in the Web3 payments market, both actively adopting blockchain and stablecoin technologies to improve payment efficiency and reduce costs. While blockchain-based payment systems could enhance settlement and international transaction efficiency, the market share of traditional payment players may not undergo significant change.
Binance Alpha Points 'Battle Royale': A Web3 wallet war that swallowed 90% of the market share
This article discusses how Binance’s Web3 wallet significantly increased its market share through its innovative points-based airdrop mechanism, capturing 90% of the market. This surge coincided closely with market adjustments made by competitor OKX. Binance Alpha’s points system allocates points based on user trading volume and balances, incentivizing participation but also triggering intense competition among users and potential hidden costs.
a16z: Key events in traditional finance embracing stablecoins recently
This article details key recent events in which traditional finance has embraced stablecoins over the past six weeks, including Stripe launching stablecoin financial accounts, Visa’s strategic partnership with BVNK, and Coinbase unveiling the x402 payment standard. These moves signal growing influence of stablecoins in the payments industry, as traditional payment firms work to build stablecoin-compatible infrastructure to secure their place in the future on-chain economy.
Odd VC Showcase: 10 typical crypto VCs, how many have you met?
This is a satirical piece describing ten typical types of venture capitalists (VCs) in the crypto industry and offering advice on identifying them. The article emphasizes not compromising when selecting investors and finding the right partners to ensure project success.
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