1. The Trump administration launched multinational trade negotiations, and the US-China tariff may be reduced to 80%
The Trump administration plans to launch trade negotiations with about 20 countries, including Japan, South Korea, Vietnam, the United Kingdom, India, Argentina, and Switzerland, aiming to quickly reach a template agreement to pave the way for subsequent negotiations. Treasury Secretary Scott Bessent said that China-US negotiations will start this weekend, with tariff reductions from 145% to 80% as an option. Commerce Secretary Howard Lutnick emphasized that some countries may be exempted from tariffs to reach a framework agreement.
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2. Zerebro founder Jeffy Yu was exposed for faking his death
Jeffy Yu, co-founder of the memecoin project Zerebro, was found alive by the media after faking his death through a "suicide" video, which caused the Solana chain LLJEFFY token he issued to surge to a market value of over $100 million. On-chain data showed that there was still money activity in the associated wallet after Yu's death, and the coin subsequently plummeted by more than 98%. There are reports that the obituary, video and message were all arranged in advance, or constituted a deliberate exit scam. Jeffy Yu refused to comment on the token or video, only saying that he was "cyberbullied."
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3. Michael Saylor: Bitcoin price did not reach $150,000 due to short-term investors leaving the market
Michael Saylor, founder of Strategy (formerly MicroStrategy), said that Bitcoin has not yet reached $150,000 because holders who lack a long-term investment mentality have chosen to leave when the price of Bitcoin rises, and new investor groups are entering the market. He pointed out that many Bitcoins were previously in the hands of governments, lawyers and bankruptcy trustees, who lacked a "decade investor mentality" and chose to cash out when the price of Bitcoin rebounded. Those with less commitment to long-term investment have seized the opportunity to exit the market, while new investors have entered through ETFs and Bitcoin Treasury companies, etc.
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4. (Rich Dad Poor Dad) Author: Abandon "fake currency" and turn to Bitcoin, gold and silver
Robert Kiyosaki, author of Rich Dad Poor Dad, called on Americans to abandon "fake money" and invest in Bitcoin, gold and silver instead, warning that central banks are eroding wealth. Citing former U.S. Congressman Ron Paul, he criticized central banks for setting interest rates as "price manipulation," leading to dishonest currencies, statistics and leadership that undermine economic freedom. Kiyosaki has long opposed fiat currencies and advocated for decentralized assets such as Bitcoin, gold and silver as inflation hedges, and has predicted that the price of Bitcoin will exceed $1 million by 2035.
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5. Three teens charged with kidnapping at gunpoint and stealing $4 million in cryptocurrency and NFTs
Las Vegas police revealed that three teenagers were suspected of kidnapping a man at gunpoint, driving him to the Arizona desert, and robbing $4 million worth of cryptocurrencies and NFTs. At the time of the incident, the victim had just held a crypto event in downtown Las Vegas. After being kidnapped, he was forced to hand over his account password and walked 5 miles to a gas station for help after being abandoned. A preliminary hearing is scheduled for June. Chain detective ZachXBT said that he had previously helped the victim freeze more than $200,000 in cryptocurrencies.
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6. Wu's Weekly Selection: China-US tariff negotiations launched, Bitcoin returns to $100,000, Coinbase acquires Deribit and News Top 10
Top 10 News of the Week
1. Bitcoin breaks $100,000 link
OKX market data shows that Bitcoin broke through $100,000 and was quoted at $103,282 as of press time, with a 24-hour increase of 3.61%. ETH broke through $2,000 and was quoted at $2,352, with a 24-hour increase of 20.62%.
Arthur Hayes, co-founder of BitMEX, said that the key institution that affects global liquidity and the future of Bitcoin is the Treasury Department, not the Federal Reserve. He predicts that Bitcoin will rise to $1 million by 2028. He said that the US-China trade agreement may be just a superficial article, and the real economic reconstruction will quietly unfold through capital controls, foreign investment taxes, etc. Hayes currently holds about 60% of BTC, 20% of ETH, and the rest is "high-quality junk coins."
2. China and the United States will launch trade contacts in Switzerland to seek a breakthrough in easing tariff conflicts link
U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer will meet with Chinese officials in Switzerland this week to kick off U.S.-China trade talks. This will be the first confirmed trade engagement between the two sides since the Trump administration announced a new round of high tariffs on China. The talks are seen as a potential opportunity to ease tensions and reduce cost pressures on manufacturing and consumer goods. He Lifeng, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, will visit Switzerland from May 9 to 12 and hold talks with U.S. Treasury Secretary Bessent, the U.S. counterpart, as the Chinese lead for U.S.-China trade talks.
3. US President Donald Trump arranges two crypto-related dinner events this month link
US President Donald Trump has arranged two crypto-related dinner events this month to raise funds and interact with the crypto community. The first is the "Crypto and AI Innovators Dinner" held on May 5, with an admission fee of $1.5 million per person, hosted by MAGA Inc., and the special guest is David Sacks, who is actively involved in crypto and artificial intelligence policy making. The second event will be held at Trump National in the Washington area on May 22. Participation is determined by the holding of $TRUMP meme tokens, and the top 220 will be invited to dinner with Trump.
4. Trump's second son revealed that he and Trump hold a large amount of Bitcoin link
Eric Trump, the second son of Trump, spoke at the Token2049 event in Dubai and expressed strong support for Bitcoin, calling it "digital gold" and revealing that he and his father, former President Donald Trump, both hold a large amount of Bitcoin. He predicted that Bitcoin will achieve exponential growth in the next few years.
5. New Hampshire signed HB 302, becoming the first state in the U.S. to establish a Bitcoin reserve link
New Hampshire has signed HB 302, becoming the first state in the United States to establish a state-level strategic Bitcoin and digital asset reserve. The bill allows the Treasury Department to invest up to 5% of the state fund in digital assets with a market value of more than $500 billion. Currently, only Bitcoin qualifies. Assets can be held in custody through state-controlled multi-signatures, qualified custodians, or exchange-traded products. The bill will take effect 60 days after signing.
Arizona HB 2749 has been signed into law, officially creating Arizona's first crypto reserve. The bill does not allow for investments, but transfers unclaimed assets, airdrops, and staking rewards to the reserve. This shows the governor's willingness to push for pro-crypto legislation.
The Texas House of Representatives "Government Efficiency Delivery Committee" has passed the (Bitcoin Reserve Act) (SB 21), and the bill is now submitted to the full house for a final vote. If passed, it will be sent to Governor Greg Abbott for signature. The bill proposes to establish a "Texas Strategic Bitcoin Reserve" to be managed by the Comptroller General. It can only invest in digital assets with a market value of more than $500 billion. Currently, only Bitcoin meets the requirements. The bill was previously passed by the Senate on March 6. The state legislature will adjourn on June 2, and the final result is expected to be announced within a few weeks.
6. UK Treasury: UK will not follow the US government in reserving Bitcoin link
At the London (Financial Times) Digital Asset Summit, Emma Reynolds, the Secretary of State for Economic Affairs at the UK Treasury, said that the UK would not follow the US government in reserving Bitcoin, "This is not our plan." She stressed that the UK market is not suitable for this move, but will continue to strengthen cooperation with the United States in the field of digital assets. The two sides have established a working group of senior officials and will hold a "regulatory forum" in June. In addition, the UK is exploring the use of distributed ledger technology (DLT) to issue sovereign debt, and it is expected that relevant suppliers will be identified by the end of this summer. Reynolds also made it clear that the UK will not copy the EU MiCA regulatory framework, but prefers to allow digital assets to operate within the existing traditional financial regulatory framework.
7. Coinbase plans to acquire crypto options platform Deribit for $2.9 billion link
Coinbase will acquire crypto options platform Deribit in a cash-and-stock deal worth approximately $2.9 billion, aiming to boost global expansion and strengthen its presence in the crypto derivatives market. Deribit is currently the world's largest Bitcoin and Ethereum options platform, with a trading volume of $1.2 trillion in 2024. The deal still requires regulatory approval, and Coinbase will also take over Deribit's operating license in Dubai.
8. Ethereum Pectra upgrade officially activated on mainnet link
Ethereum officially announced that the Pectra upgrade is now officially activated on the mainnet. The upgrade includes the launch of the smart account wallet user experience function, doubling the capacity of L2 expansion storage data blocks, and optimizing the validator experience. The community will continue to monitor potential issues in the next 24 hours. It is understood that the Pectra upgrade includes 11 EIPs, which aim to improve the user experience (such as EIP-7702 that empowers EOA smart contracts), optimize validator operations (such as EIP-7251 that increases the maximum effective balance), and promote Layer 2 expansion (such as EIP-7691 that increases Blob throughput).
9. Strategy purchased 1,895 Bitcoins for approximately $180.3 million link
Strategy purchased 1,895 bitcoins for approximately $180.3 million, with an average purchase price of approximately $95,167 per bitcoin. So far in 2025, its bitcoin investment return has reached 14.0%. As of May 4, 2025, the company holds a total of 555,450 bitcoins.
10. OKX CEO: OKX DEX will be restarted this week and introduce a real-time abuse detection and blocking system link
OKX CEO Star tweeted that OKX DEX will be restarted this week and a real-time abuse detection and blocking system will be introduced. OKX Web3 aims to provide users with a blockchain access portal similar to browsers and search engines. Relying on the understanding of on-chain data, the platform supports users to access data from hundreds of chains in real time, manage multi-chain assets, and interact with millions of decentralized applications.
Key financing events
NewLimit announces completion of $130 million Series B financing link
Anysphere, the company behind the AI code editor Cursor, has completed $900 million in financing, with a valuation of $9 billion link
Doppel announces $35 million Series B funding link
Jump Crypto has strategically invested in RWA platform Securitize link
T-Rex Completes $17 Million Seed Round Link
GoQuant announces $4 million seed round led by GSR link
Fuze completes $12.2 million Series A financing, led by Galaxy and e& capital link
DogeOS, the application development layer for Dogecoin ecosystem, has raised $6.9 million in funding, led by Polychain Capital link
Cryptocurrency company Dinari announces $12.7 million Series A funding link
For more industry funding events, visit crypto-fundraising.info.
