Golden Web3.0 Daily | China will suspend the 24% tariff on the United States for 90 days

DeFi data

1. Total market value of DeFi tokens: 118.959 billion US dollars

DeFi total market value data source: coingecko

2. The transaction volume of decentralized exchanges in the past 24 hours was 8.818 billion US dollars

Trading volume of decentralized exchanges in the past 24 hours Data source: coingecko

3. Assets locked in DeFi: 117.992 billion US dollars

Top ten rankings of DeFi project locked assets and locked volume Data source: defillama

NFT data

1. NFT total market value: US$24.013 billion

NFT total market value, market value ranking of the top ten projects Data source: Coinmarketcap

2.24 hour NFT transaction volume: 3.172 billionUSD

NFT total market value, market value ranking of the top ten projects Data source: Coinmarketcap

3. Top NFTs in 24 hours

The top ten NFTs with the highest sales growth in 24 hours Data source: NFTGO

Headline

China will suspend the additional 24% tariff on US goods for 90 days, and retain the remaining 10% tariff

Golden Finance reported that the China-US Geneva Economic and Trade Talks Joint Statement: China will accordingly amend the ad valorem tariffs imposed on US goods stipulated in the Tax Committee Announcement No. 4 of 2025: Among them, the 24% tariff will be suspended within the initial 90 days, while retaining the remaining 10% tariff on these goods, and canceling the additional tariffs on these goods according to the Tax Committee Announcement No. 5 and No. 6 of 2025; take necessary measures to suspend or cancel non-tariff countermeasures against the United States from April 2, 2025.

MEME Hotspots

1. Insider: Trump's company Truth Social token will be issued within 72 hours

Golden Finance reported that according to X user @cryptomanran, Trump's social platform TruthSocial's Meme coin will be launched within the next 72 hours. It looks like it was done by a member similar to the TRUMP team. Earlier reports said that Trump Media Group plans to launch TruthSocial utility tokens.

2.TRUMP broke through 13.5 US dollars, and the 24-hour increase was 22.6%

Golden Finance reported that the market showed that TRUMP broke through 13.5 US dollars and is now quoted at 13.70 US dollars, with a 24-hour increase of 22.6%. The market fluctuates greatly, so please do a good job of risk control.

DeFi hot spots

1. On-chain liquidity distribution protocol Turtle Club completes US$6.2 million in seed round financing

Golden Finance reported that the on-chain liquidity distribution protocol Turtle Club announced today that it has completed a US$6.2 million seed round of financing, led by THEIA, with participation from Susquehanna, Consensys and Ethereum co-founder Joseph Lubin.

2. Analysis: Ethereum has recently achieved a growth of more than 60%, mainly due to the simplified vision and technical upgrades proposed by Vitalik

On May 12, according to Matrixport's analysis report today, Ethereum has recently achieved a growth of more than 60%, mainly due to the simplified vision and technical upgrades proposed by Vitalik. On May 3, Vitalik proposed a simplified vision for Ethereum Layer 1 with "clarity" and "security" as the core. Among them, EIP-4850 introduces a revenue sharing mechanism with Layer 2 to help Ethereum capture value from L2 activities; EIP-7691 reduces L2 fees by expanding data block capacity, improves operating efficiency, and attracts more on-chain transactions to return to the main network. In addition, the report pointed out that the recent liquidation scale of Ethereum has surged to US$221 million. This abnormal phenomenon usually occurs in the downturn of the market, not during price increases.

3. Cross-chain bridge Orbiter Finance announced the integration of Sui and launched a liquidity incentive plan

On May 12, cross-chain bridge Orbiter Finance announced the integration of Sui and launched a liquidity incentive plan, jointly launching an airdrop event with 6 major Sui ecological DeFi protocols including NAVI, Astros, Momentum, Turbos Finance, Typus Finance, and Bucket Protocol with a total prize pool of US$24,000. From May 12 to 26, users can share rewards by completing cross-chain bridging, exchange, and participating in various DeFi tasks, helping capital flow into the Sui ecosystem.

4. LayerZero co-founder: There is no Season 2 airdrop plan at present, and users are advised not to brush the volume

Golden Finance reported that LayerZero co-founder and CEO Bryan Pellegrino posted on the X platform that it may need a clearer explanation. There is no Season 2 airdrop plan at this stage, and it may look like something else entirely, so users are advised not to brush the volume. LayerZero itself still has a lot of work to do, but it will not focus on any form of meaningless trading volume.

5. Trump family encryption project WLFI: Pectra's successful upgrade is of great significance and will fight side by side with Ethereum

Golden Finance reported that the Trump family encryption project WLFI published a statement on the X platform stating that the Ethereum community successfully launched the Pectra upgrade. Pectra is an important step for Ethereum in terms of scalability, security and user experience. This update has laid a key foundation for the future of decentralized finance and consolidated Ethereum's dominant position in the global smart contract platform. WLFI will fight side by side with Ethereum, and "the best thing" is yet to come.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment concept and be sure to increase risk awareness.