Daily News: China Slashes US Tariffs to 10%: Ethereum Fees Hit $2.2M, Bitcoin Holdings Surge

On May 12, China Decided to Reduce Tariffs on U.S. Goods from 125% to 10% for 90 Days, while Federal Reserve Governor Kugler Supported Keeping Interest Rates at Current Restrictive Levels. Meanwhile, Ethereum's Transaction Fee Revenue Reaches $2.2 Million in the Past 24 Hours, Leading the Pack. Strategy Increases Bitcoin Holdings by 13,390 BTC, and JD's Strategic Layout in RWA.

Other updates include Binance Alpha Points and Trump's Memes.

Bloomberg: China to Reduce Tariffs on U.S. Goods from 125% to 10% for 90 Days

According to Bloomberg, China will lower 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 Jin10.com, U.S. President Trump stated that many other agreements are about to be reached, and very good things are happening with Iran. Iran is taking wise actions. There might be some relaxation or even complete removal of sanctions on Syria.

Federal Reserve Governor Kugler: Supports Keeping Interest Rates at Current Restrictive Levels

According to Jin10.com, Federal Reserve Governor Kugler stated that the Fed is closely monitoring changes in trade policy and their impact on productivity and economic outlook. Keeping long-term inflation expectations stable is crucial. The uncertainty of tariffs has already impacted the economy. Progress in reducing inflation has slowed. The labor market conditions remain generally stable. It is becoming increasingly difficult to assess the fundamental growth of the economy. Trade policies are shifting but may still lead to price increases and slower economic growth. He supports maintaining interest rates at current restrictive levels, and the Fed is well-positioned to respond to changes in macroeconomic prospects.

CICC: If Tariffs Further De-escalate, the Fed May Cut Rates

According to Jin10.com, a CICC research report states that if tariffs further de-escalate, the Fed may consider cutting rates. Current growth pressures are not evident, with strong non-farm payrolls in April and resilient ISM manufacturing and services PMIs. Even if the Fed wants to react preemptively, there isn't sufficient reason. Moreover, with Powell's term ending in May next year, there is a significant risk in acting prematurely. Therefore, the Fed is more likely to observe rather than act preemptively amidst the dilemma of balancing inflation and growth. However, if tariff risks further de-escalate, the Fed may have the opportunity to cut rates in the third or fourth quarter to alleviate growth pressures at that time.

Ethereum's Transaction Fee Revenue Reaches $2.2 Million in the Past 24 Hours, Leading the Pack

According to Artemis, Ethereum's transaction fee revenue reached $2.2 million in the past 24 hours, ranking first.

Tron's transaction fee revenue was $2 million, ranking second; Hyperliquid and Solana were third and fourth with $1.7 million and $1.5 million respectively. BNB Chain ranked fifth with a transaction fee revenue of $543,200.

Binance Alpha Points Reach 186 to Receive 362 PUFFER Airdrop

According to Binance customer service, users with Binance Alpha points reaching 186 will receive an airdrop of 362 PUFFER tokens. Users with Alpha points between 147 and 185 (inclusive) and UID ending in 5 will receive a lucky airdrop.

Trump's Company Truth Social Denies Rumors of Launching a New Meme Coin

The official account of Trump's company Truth Social denied rumors about launching a new meme coin.

First TrumpMeme Contest Ends, NFT and Points Program to be Launched, Next Development Phase to be Announced at Dinner

The official TrumpMeme X account announced that the first TRUMP contest has officially ended. All participants in the top 220 will receive details about dining with President Trump and must complete a background check to confirm attendance eligibility.

1. As a token of appreciation to the TRUMP MEME community, all registered users on the leaderboard will receive an exclusive NFT. Additionally, the top 220 $TRUMP holders will receive a unique NFT, expected to be distributed shortly after the dinner. Users holding the same amount of $TRUMP as on the final leaderboard will also receive a limited edition TRUMP SOLANA NFT.

2. The TRUMP rewards points program has now started, allowing users to earn points by connecting their wallets.

3. The next development phase of TRUMP will be announced at the dinner.

Strategy Increases Bitcoin Holdings by 13,390 BTC, Average Purchase Price of $99,856

Strategy, a prominent investment entity, boosted its Bitcoin holdings by 13,390 BTC at an average purchase price of $99,856. As of May 11, 2025, the firm holds a total of 568,840 BTC, achieving a 15.5% return rate this year.

JD's Strategic Layout in RWA, Plans to Connect with Stablecoins and Digital RMB

JD Technology Group has begun recruiting for its RWA (Real-World Asset Tokenization) team, positioning it as a strategic layout in the field of combining new energy and blockchain. Recruitment positions include Asset Management System Product Director and Solution Director, mainly responsible for the design, asset acquisition, and industrialization of new energy assets RWA. Notably, JD requires that product design seamlessly integrates with stablecoins and digital RMB. As one of the first companies to enter the stablecoin sandbox in Hong Kong and a participant in the digital RMB pilot in mainland China, JD is poised to become a pioneer in the integration of RWA and digital RMB.

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