The Daily: Dogecoin draws further public company interest, bitcoin lingers below $100,000 as China plans retaliatory tariffs in response to Trump and more
2025-02-05
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Happy Tuesday! We're so back — well, sort of! The crypto market is still hedging its bets amid Trump's trade war, despite a strong recovery across the board on Monday.
In today's newsletter, Dogecoin attracts further public company interest, bitcoin drops back below $100,000 amid China's plans for retaliatory tariffs, Ethereum raises its gas limit for the first time under PoS and more.
Meanwhile, Berachain's Layer 1 mainnet and token generation event is set to launch on Feb. 6. Plus, Republican Sen. Bill Hagerty reportedly plans to introduce a stablecoin bill.
Let's get started.
Dogecoin draws more public company interest
Neptune Digital Assets, a publicly traded Canadian blockchain company, bought 1 million DOGE tokens, valued at approximately $270,000, through a "strategic derivative purchase" on Dec. 27, according to a disclosure on Tuesday.
Bitcoin lingers below $100,000 as China plans retaliatory tariffs
Following President Trump's recently enacted tariffs on Chinese goods, China announced retaliatory tariffs on U.S. imports, including 15% on coal and LNG and 10% on crude oil and agricultural machinery.
Ethereum increases gas limit for the first time under PoS
Ethereum increased its gas limit to over 31 million, with more than 50% of validators signaling to approve the change without requiring a hard fork.
US Ethereum ETFs post record daily trading volume
U.S. spot Ethereum ETFs hit a record $1.5 billion in trading volume on Feb. 3 amid the market turmoil following President Trump's weekend trade tariff announcements.
Taproot Wizards raises $30 million
Bitcoin Ordinals project Taproot Wizards has raised $30 million in a post-seed round led by Standard Crypto, with participation from Cyberfund and Collider Ventures, among others.
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