Crypto Morning Brief: The U.S. adjusted tariffs on China early morning on the 14th, Eastern Time; LAUNCHCOIN market cap briefly surpassed $350 million
TechFlow Selected TechFlow Selected
Crypto Morning Brief: The U.S. adjusted tariffs on China early morning on the 14th, Eastern Time; LAUNCHCOIN market cap briefly surpassed $350 million
The participation threshold for Binance Wallet's new TGE Privasea AI is 198 points, requiring the consumption of 15 points.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
The U.S. adjusted tariffs on Chinese goods at 0:01 AM Eastern Time on May 14
According to sources from the Ministry of Commerce cited by Xinhua News Agency, based on the U.S. White House's May 12 executive order titled "Modifying Reciprocal Tariff Rates to Reflect Discussions with the People's Republic of China," the U.S. revoked at 0:01 AM Eastern Time on May 14 the cumulative 91% tariffs previously imposed on Chinese goods (including goods from Hong Kong and Macao Special Administrative Regions) under Executive Orders 14259 (April 8, 2025) and 14266 (April 9, 2025). The U.S. also modified the 34% reciprocal tariff measures under Executive Order 14257 (April 2, 2025), suspending 24% of the tariff for 90 days while maintaining the remaining 10%. Additionally, the U.S. reduced or eliminated tariffs on de minimis Chinese shipments (including those from Hong Kong), lowering the ad valorem postal rate from 120% to 54%, and canceled plans to increase the specific duty from $100 to $200 per item effective June 1, 2025.
White House Official: Trump Expected to Sign Stablecoin and Market Structure Bill Before August
According to CoinDesk, Bo Hines, executive director of the President’s Working Group on Digital Assets, said at Consensus 2025 in Toronto that despite recent hurdles, President Trump is expected to sign stablecoin and market structure legislation before Congress adjourns in August.
Hines stated that legislative negotiations are ongoing and expressed optimism about reaching an agreement. He also revealed that the White House and its working group are advancing a strategic Bitcoin reserve plan. Regarding the Trump family’s ties to cryptocurrency, Hines said there is no conflict of interest, noting that Trump’s sons, as private entrepreneurs, have the right to participate in capital markets. In response to reports about small companies purchasing TRUMP tokens, Hines emphasized, “The President of the United States is not for sale.”
Former Forbes Journalist: Bipartisan Senate Nears Consensus on GENIUS Act Stablecoin Regulation Bill
According to former Forbes journalist Eleanor Terrett, a bipartisan group of U.S. senators is nearing consensus on the text of the GENIUS Act. Negotiations, which stalled after failing to secure enough votes to end debate last Thursday, resumed Monday and have made progress.
Senate leadership is currently discussing procedural pathways to advance the bill, including amendment procedures and motions to reconsider. Under current plans, the Senate aims to hold a final vote before the Memorial Day recess and before reconciliation procedures begin, though the timeline may shift depending on whether a procedural agreement with Democrats can be reached.
UBS: High-Net-Worth Clients Are Exiting Dollar Assets, Turning to Cryptocurrency, Chinese Assets, and Gold
According to Caixin, Amy Lo, co-head of wealth management for UBS Asia, said that UBS’s high-net-worth clients are increasingly exiting dollar-denominated assets and shifting toward gold, cryptocurrencies, and Chinese assets. "Gold is very popular now," Lo said during an interview with Yvonne Man at Bloomberg's New Voices event in Hong Kong on Tuesday.
She noted that rising trade tensions between China and the U.S. are prompting investors to diversify their previously “very U.S.-centric” portfolios. Beyond seeking alternative currency assets, investors are allocating more funds to cryptocurrencies, commodities, and alternative investments. "Volatility will certainly persist," Lo added.
LAUNCHCOIN Market Cap Briefly Surpasses $350 Million, 24-Hour Gain of 107.5%
According to GMGN data, Believe platform’s native token LAUNCHCOIN has surpassed a market cap of $350 million, currently trading at $0.3446, up 107.5% in the past 24 hours. The token was rebranded from PASTERNAK to align with platform development.
Binance Wallet New TGE Privasea AI Participation Threshold Set at 198 Points, Requires 15 Points to Join
According to an official announcement, Binance Wallet has set the participation criteria for the latest Privasea AI TGE: users must have a score of 198 or higher, or a score between 162 and 197 inclusive with account UID ending in 0, and must spend 15 points. Subscription period is from 6 PM to 8 PM UTC+8 on May 14, 2025.
Kaito AI: Already Terminated Market-Making Agreement with Web3Port
Kaito AI officially announced it entered a market-making agreement with Web3Port on February 17 but proactively terminated the partnership ten days later on February 27. Kaito stated it acted swiftly upon discovering Web3Port’s execution had deviated from original intentions, a decision made prior to Web3Port facing negative publicity and exchange investigations.
Notably, the Kaito Foundation emphasized it has not sold any KAITO tokens since the TGE (Token Generation Event), and instead has become a net buyer through ongoing buyback programs.
Mira Network Named to CB Insights 2025 AI 100 List
Decentralized AI infrastructure protocol Mira Network announced its inclusion in CB Insights’ 2025 “AI 100” list of most innovative companies. As a leading tech market research firm widely adopted by Fortune 500 companies, CB Insights uses deep analysis to identify projects with substantive innovation. Mira Network said this recognition marks mainstream validation of its trusted AI verification technology.
MetaMask Co-Founder: Team Still Considering Launching Native Token
According to The Block, MetaMask co-founder Dan Finlay said in an interview that the crypto wallet is still considering launching a native token. Finlay emphasized that if a token is ultimately issued, users will be able to access relevant links directly within the wallet app and on the official website.
ConsenSys, MetaMask’s parent company, previously proposed issuing tokens across its businesses to advance “progressive decentralization.” Since 2021, the team has discussed plans for a token codenamed MASK. ConsenSys CEO Joseph Lubin previously stated the token would support the creation of a decentralized autonomous organization (DAO), primarily for fundraising rather than governance.
JPMorgan Completes First Public Settlement of Tokenized Treasury via Ondo’s Public Ledger
According to FORTUNE, JPMorgan announced today it has completed a settlement transaction on a public ledger with the help of blockchain firms Chainlink and Ondo Finance. Previously, JPMorgan used a private, permissioned blockchain network accessible only to clients. In this transaction, Kinexys’ digital payment network provided a permissioned blockchain to deposit settlement accounts; Ondo’s blockchain offered a next-generation Layer 1 blockchain designed specifically for real-world asset tokenization, along with its flagship product, the tokenized U.S. Treasury fund (OUSG).
This innovative DvP (Delivery versus Payment) solution executed the first transaction on Ondo’s testnet. JPMorgan’s Kinexys permissioned digital payment network successfully settled the first transaction of Ondo Finance’s tokenized fund (OUSG) on the Ondo blockchain, integrating Chainlink as a secure cross-chain coordination layer.
Tiger Brokers (Hong Kong) Launches Crypto Deposit and Withdrawal Services, Supporting Bitcoin, Ethereum and Other Major Tokens
According to ET Net, Tiger Brokers (Hong Kong) has officially launched cryptocurrency deposit and withdrawal services, enabling users to deposit, trade, and withdraw virtual assets via its platform. The platform has obtained a Virtual Asset Trading Service license from the Hong Kong Securities and Futures Commission and supports trading of major cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH).
Additionally, Tiger Brokers is offering a first-deposit bonus. Starting at 12:00 PM on May 14, 2025, users who deposit at least 0.01 BTC or 0.5 ETH into their Tiger Trade account and maintain the corresponding net asset value for 60 days will receive Coinbase (US.COIN) stock worth HK$200.
Market Overview
Suggested Reading
Bonk.fun vs Pump.fun: The Battle of Meme Launchpads Behind the Same-Named Token
This article discusses the competition between Bonk.fun and Pump.fun within the Solana ecosystem over the same-named token $GLONK. This rivalry involves not just market capitalization and trading volume but also reflects differences in technical capabilities, community support, and future prospects. Bonk.fun currently holds a lead thanks to backing from Raydium and the Bonk community, while Pump.fun maintains a large user base and innovative technology. Their battle has drawn significant market attention.
Solana Launchpads Proliferate: Innovation or Saturation?
This article examines the current state of token launch platforms on Solana and explores the features and challenges of emerging platforms. It analyzes how platforms like Pump.fun and Boop influence the market through innovative mechanisms and discusses their role in promoting creativity and experimentation, while also highlighting potential risks.
U.S.-China Decoupling and the Rise of CeDeFi: A New Global Financial Landscape in 2025
This article explores shifts in the global financial landscape, particularly focusing on U.S.-China decoupling and the rise of CeDeFi. The dominance of the U.S. dollar is being challenged, while decentralized financial networks are aggregating global liquidity. China is pushing de-dollarization, enhancing international use of the yuan, and exploring digital currency alternatives. Meanwhile, the convergence of CeDeFi is reshaping financial infrastructure in the global economy.
Wintermute CEO Speaks Out: Market Makers Aren't the New 'Villains'—People Just Need Someone to Blame
This article delves into the role of market makers in the cryptocurrency market and associated issues, using Movement Labs as a case study to reveal opacity and potential risks in market operations. It emphasizes the importance of disclosure and discusses the balance between industry self-regulation and government oversight.
The Rise of Believe Platform: Mastering First Principles, Buying Low in Undervalued Markets
This article primarily discusses the evolution and market performance of the cryptocurrency platform Believe, including changes in the value of its platform token Launchcoin. It analyzes investment opportunities and strategies in the market and introduces related projects and trends linked to Believe.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
深潮TechFlow
