Daily News: Trump Says He Won’t Dismiss Powell Before Term Ends; OKX DEX Trading Functionality Restored

On April 29, Trump Signals Willingness to Reduce Tariffs on China, Trump Says No Plans to Dismiss Fed Chair Powell Before End of Term; as SEC Delays Decision on Litecoin ETF Proposal, Opens Public Comment Period. Meanwhile, Buffett Warns of Currency Risks, and Bitcoin Mining Difficulty Drops by 3.34%.

Other updates involve Elon Musk's new X name, Binance's Launchpool, TGE Project and new Binance Alpha rules.

Trump Signals Willingness to Reduce Tariffs on China, Beijing Responds with Call for Sincerity

According to Fortune, former U.S. President Donald Trump stated that he would consider reducing tariffs on Chinese goods at an appropriate time, as the high tariffs between the U.S. and China have nearly halted bilateral trade. Currently, the U.S. imposes tariffs as high as 145% on Chinese imports, while China has retaliated with 125% tariffs on U.S. goods. Speaking on NBC’s Meet the Press with Kristen Welker, Trump noted that some recent statements from China were “positive,” but emphasized that any agreement must be “fair.” Last Friday, China’s Ministry of Commerce said it is assessing the possibility of trade negotiations with the U.S.—the first signal of dialogue since Trump announced the latest round of tariffs last month.

Trump: No Plans to Dismiss Fed Chair Powell Before End of Term

According to NBC News as cited by Jin10.com, Trump stated he would not consider removing Federal Reserve Chair Jerome Powell before his term ends in 2026.

Buffett: Certain Events in the U.S. Might Make Us Prefer Holding Other Currencies

As reported by Jin10.com, Warren Buffett expressed deep concerns over the U.S. fiscal policy, warning that certain developments in the country could prompt a stronger preference for holding large amounts of foreign currencies.

U.S. SEC Delays Decision on LTC ETF, Opens Public Comment Period

Former Fox Business reporter Eleanor Terrett reports that the U.S. Securities and Exchange Commission (SEC) has delayed its decision on Canary Funds’ proposed Litecoin (LTC) ETF and initiated a public comment period. The consultation seeks feedback on whether the proposal meets regulatory standards to prevent fraud and market manipulation. The public comment deadline is May 26, 2025, with rebuttal comments due by June 9, 2025.

Bitcoin Mining Difficulty Drops by 3.34% to 119.12T

According to CloverPool, the Bitcoin network completed its latest difficulty adjustment at block height 895,104 on May 4, 2025, at 05:00:13 UTC. The difficulty decreased by 3.34% to 119.12 trillion. The network’s current average hashrate is 885.45 EH/s, and the next adjustment is expected in approximately 13 days and 3 hours.

Binance Launches 69th Launchpool Project: Space and Time (SXT)

Binance has announced its 69th Launchpool project: Space and Time (SXT), a blockchain initiative backed by Microsoft. Users can stake BNB, FDUSD, and USDC starting May 6 at 00:00 UTC to participate in a two-day mining event. A total of 125,000,000 SXT—2.5% of the total supply—will be distributed, with 85% allocated to the BNB pool, 5% to FDUSD, and 10% to USDC. SXT will be listed on Binance on May 8 at 13:00 UTC with trading pairs including SXT/USDT, SXT/USDC, SXT/BNB, SXT/FDUSD, and SXT/TRY. The total token supply is 5 billion, with an initial circulating supply of 1.4 billion (28%).

Binance Wallet to Host Exclusive TGE Subscription for MYX Finance

Binance Wallet will host its 15th exclusive Token Generation Event (TGE) for MYX Finance ($MYX) on May 6 from 4:00 PM to 6:00 PM (UTC+8), according to an official announcement. Eligibility criteria will be released before the subscription starts. Additionally, the project team will allocate 40 million MYX tokens for future marketing campaigns, with details to be disclosed separately.

Binance Alpha Users with Score ≥137 to Receive 291 BOOP Tokens

Binance users with Alpha Points of at least 137 will receive 291 BOOP tokens. Users with Alpha Points between 99 and 136 (inclusive) whose Binance UID ends in “4” will also receive 291 BOOP tokens. Binance Alpha Points are used to measure user activity across the Binance Alpha and Binance Wallet ecosystem. To earn 9–10 daily points, users must complete at least $512 in daily trading volume and maintain asset holdings of at least $100. Airdrop eligibility may be subject to geographic restrictions.

OKX DEX Completes Upgrade, Trading Resumes

OKX DEX has completed a comprehensive upgrade and fully restored its services, according to an official announcement. The upgrade significantly enhances the blacklisted address system, risk detection, and proactive risk control mechanisms, aimed at protecting user assets. The revamped OKX Wallet offers a one-stop trading experience with improved market discovery tools and enhanced on-chain trading efficiency. Currently, OKX Wallet supports over 130 major blockchains, while OKX DEX aggregates liquidity from over 25 cross-chain networks, 40 blockchains, 400+ DEXs, and more than 300,000 tokens. It also features Meme mode, limit orders, KYT screening, and MEV protection to deliver a secure and efficient trading platform.

Elon Musk Changes X Display Name to “groklon rust”

In line with the launch of Grok’s voice mode, Elon Musk has updated his X display name to “groklon rust” and changed his profile picture accordingly.