Daily News: U.S. Adjusts Tariffs on Chinese Goods at Midnight EDT on May 14, $LAUNCHCOIN Market Cap Surges to $350 Million

On May 14, the U.S. Adjusted Tariffs on Chinese Goods, as $LAUNCHCOIN’s Market Cap Surged to $350 million. Meanwhile, Binance Wallet Announced Privasea AI TGE Participation Thresholds, Mira Network Was Named in CB Insights’ 2025 Global AI 100 List, and JPMorgan Completed Its First Tokenized Treasury Transaction on the Ondo Blockchain.

Other updates include Project Updates and Alpha Points, and Industry Perspective.

U.S. Adjusts Tariffs on Chinese Goods as of May 14 at 12:01 AM EDT

According to Xinhua News, the U.S. adjusted tariffs on Chinese goods by the executive order issued by the White House on May 12 titled "Amendment of Reciprocal Tariff Rates to Reflect Talks with the People’s Republic of China." Effective May 14 at 12:01 AM EDT, the U.S. has revoked 91% of the tariffs imposed under Executive Orders No. 14259 (April 8, 2025) and No. 14266 (April 9, 2025) on goods from China, including products from Hong Kong and Macau. Additionally, the U.S. has modified the reciprocal tariff measures under Executive Order No. 14257 (April 2, 2025), reducing tariffs by 34%. Of this, 24% of the tariffs are suspended for 90 days, while the remaining 10% are retained.

The U.S. has also lowered or removed tariffs on small parcels from China (including those from Hong Kong), reducing the international mail ad valorem tax rate from 120% to 54%. Furthermore, the scheduled increase in specific duties from $100 per parcel to $200, originally planned for June 1, 2025, has been canceled.

White House Official: Trump Likely to Sign Stablecoin and Market Structure Legislation by August

According to CoinDesk, at the Consensus 2025 conference in Toronto, Bo Hines, Executive Director of the U.S. Presidential Digital Asset Advisory Committee, expressed optimism that President Trump would sign stablecoin and market structure legislation before Congress recesses in August despite recent challenges.

Hines stated that negotiations were ongoing and remained optimistic about achieving the legislative goals. He also revealed that the White House and its task force are advancing a strategic Bitcoin reserve plan. Addressing concerns over potential conflicts of interest between the Trump family and cryptocurrencies, Hines clarified that there is no conflict, emphasizing that Trump's sons, as private entrepreneurs, have the right to participate in capital markets. Regarding reports of small companies purchasing TRUMP tokens, Hines stressed that "the President is incorruptible."

Former Forbes Journalist: Bipartisan Senate Group Near Agreement on Stablecoin Bill, GENIUS Act

According to Eleanor Terrett, a former Forbes journalist, bipartisan senators are close to reaching consensus on the text of the GENIUS Act, a stablecoin regulatory bill. After failing to secure the votes needed to end debate last Thursday, negotiations resumed Monday and have since made progress.

Senate leadership is discussing procedural paths to advance the legislation, including amendment procedures and reconsideration motions. A final vote is planned before the Memorial Day recess and reconciliation process, though the timeline may shift depending on procedural agreements with Democrats.

UBS: High-Net-Worth Clients Shifting Away from Dollar Assets to Crypto, Chinese Assets, and Gold

Amy Lo, UBS Group’s Co-Head of Asia Wealth Management, stated that UBS's high-net-worth clients increasingly shift away from U.S. dollar assets toward gold, cryptocurrencies, and Chinese assets. “Gold is very popular right now,” Lo said during Bloomberg’s New Voices event in Hong Kong on Tuesday.

She explained that strained U.S.-China trade relations are prompting investors to diversify their previously "U.S.-centric" asset allocations. In addition to seeking alternative currency assets, investors are allocating more funds to cryptocurrencies, commodities, and alternative investments. “Volatility is expected to persist,” Lo added.

$LAUNCHCOIN Market Cap Surges to $350 Million with 107.5% 24-Hour Growth

According to GMGN, Believe platform’s native token $LAUNCHCOIN saw its market cap exceed $350 million, with its current price at $0.3446, marking a 24-hour increase of 107.5%. The token underwent rebranding from PASTERNAK to align with the platform’s development strategy.

Binance Wallet Announces Privasea AI TGE Participation Threshold: 198 Points

Binance Wallet has released participation requirements for the Privasea AI TGE: a score of at least 198 points, or a score ranging from 162 to 197 (inclusive) if the Binance UID ends with the digit 0. The required point consumption is 15. Subscriptions were accepted from 10 AM to 12 PM (UTC), May 14, 2025.

Kaito AI: Terminated Market-Making Agreement with Web3Port

Kaito AI announced that it had signed a market-making agreement with Web3Port on February 17, but terminated the collaboration just 10 days later, on February 27. Kaito stated that it acted swiftly after discovering deviations in Web3Port’s execution approach. This decision preceded negative news and investigations surrounding Web3Port.

Notably, the Kaito Foundation emphasized that it has not sold any KAITO tokens since the TGE (Token Generation Event) and has instead become a net buyer through ongoing buyback programs.

Mira Network Named to CB Insights’ 2025 Global AI 100 List

Decentralized AI infrastructure protocol Mira Network announced its inclusion in CB Insights’ "AI 100" list of the most innovative companies for 2025. As a respected authority in technology market research, CB Insights selected projects with substantive innovation value. Mira Network stated that this recognition reflects mainstream acknowledgment of its trusted AI verification technology.

MetaMask Co-Founder: Team Still Considering Launching Native Token

According to The Block, MetaMask Co-Founder Dan Finlay stated that the crypto wallet is still considering launching a native token. Finlay emphasized that if a token is issued, users will find related links directly in the app and on the official website.

MetaMask’s parent company, ConsenSys, previously proposed issuing tokens to promote "progressive decentralization." Since 2021, the project team has discussed plans for a token codenamed MASK. ConsenSys CEO Joseph Lubin noted that the token would primarily serve fundraising purposes rather than governance, in conjunction with the establishment of a decentralized autonomous organization (DAO).

JPMorgan Completes First Tokenized Treasury Transaction on Ondo Blockchain

According to Fortune, JPMorgan announced its very first successful tokenized treasury transaction on Ondo Blockchain, with assistance from Chainlink and Ondo Finance. Previously, JPMorgan's blockchain operations were confined to private networks accessible solely to authorized clients.

In this transaction, the Kinexys digital payment network provided a permissioned blockchain to deposit accounts for settlement payments, while Ondo Blockchain offered next-generation Layer 1 infrastructure and its flagship product, the Tokenized U.S. Treasury Fund (OUSG).

This innovative Delivery versus Payment (DvP) solution marked the first transaction on the Ondo Blockchain testnet. JPMorgan’s Kinexys permissioned digital payment network completed the settlement of Ondo Finance’s tokenized fund (OUSG), integrating Chainlink as a secure cross-chain coordination layer.

Tiger Brokers (Hong Kong) Launches Cryptocurrency Services Supporting Bitcoin and Ethereum

According to Cnyes News, Tiger Brokers (Hong Kong) has officially rolled out cryptocurrency deposit and withdrawal services, enabling users to deposit, trade, and withdraw digital assets through its platform. The platform has obtained a virtual asset trading service license from Hong Kong’s Securities and Futures Commission, supporting major cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH).

Additionally, Tiger Brokers announced a first deposit reward campaign. Starting May 14, 2025, at 12:00 PM, users who deposit at least 0.01 BTC or 0.5 ETH into their Tiger Trade accounts and maintain the required net asset amount for 60 days will receive a reward of HK$200 worth of Coinbase (US.COIN) stock.

Subscribe to BlockFlow for daily blockchain and crypto updates!