📈Bitcoin Surges Past $100K as Crypto Market Rebounds

GM Defiers!

Bitcoin surged past $100K yesterday following earlier losses linked to President Donald Trump’s tariff concerns. Meanwhile, Ethereum increased its gas limit for the first time post-Merge.

In other news, Ethereum ETFs hit an all-time high of $1.5 billion in trading volume on Feb. 3, and Berachain announced the official launch of its mainnet and token generation event (TGE) for Feb. 6.

✍️ In today’s newsletter:

• Bitcoin tops $100,000 as crypto market rebounds
• Ethereum increases gas limit
• Sygnum researchers say Ethereum will benefit most from regulations
• PAIN token presale raises $40M
• Enron IP owner unveils shady memecoin
• Crypto czar David Sacks prioritizes stablecoin bill and Bitcoin reserve
• Coinbase users scammed out of $65M
• Berachain announces mainnet and airdrop launch date
• Crypto market swings from fear to greed as tariff concerns ease
• Ethereum ETF volume surges as ETH/BTC hits lows

📈 Markets in the last 24 hrs:

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📈Bitcoin Tops $100,000 as Crypto Market Rebounds Amid Tariff Uncertainty

The cryptocurrency market rebounded after significant losses following President Trump's tariff announcements. Bitcoin soared 3.3% to $100,204, Ethereum rose 7.4% to $2,825.

🚨Ethereum Increases Gas Limit, Enabling More Transactions Per Block

Ethereum increased its gas limit for the first time in nearly three years, raising it from 30 million to 36 million. The change was approved by over 50% of validators on Feb. 3.

🗣️Sygnum Researchers Say Ethereum Will Be Biggest Beneficiary of Regulatory Clarity

Researchers from Sygnum Bank predict Ethereum will benefit most from crypto regulatory clarity under the Trump administration, especially if capital flows into productive projects.

🥊PAIN Token Presale Rakes In $40 Million

Andras Istvan Arato, aka ‘Hide the Pain Harold,’ partnered with Memeland to launch the PAIN memecoin, raising $40 million in SOL despite weekend volatility.

🪙Enron IP Owner Launches Predatory Memecoin

Performance artist Connor Gaydos, who bought Enron in 2021, announced a memecoin on the official Enron X account. The presale and tokenomics were quickly called out as being predatory and questionable.

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🏦Crypto Czar David Sacks Says Stablecoin Bill and Bitcoin Reserve are Priorities

At a press conference yesterday, Crypto Czar David Sacks announced that a stablecoin bill is likely the first crypto legislation heading to President Trump's desk, with a potential Bitcoin reserve also a priority.

💰Coinbase Users Were Scammed Out of $65 Million in a Month, According to ZachXBT

Blockchain investigator ZachXBT said in a Feb. 3 X post that between Dec. 2024 and Jan. 2025, Coinbase users lost around $65 million to scams.

🧸Berachain to Launch Mainnet and Airdrop on Feb. 6

Berachain, an EVM-compatible Layer 1 network, plans to launch its public mainnet and token generation event (TGE) on Feb. 6. The native token, BERA, will be released, with tokenomics and eligibility details available on Feb. 5.

🪚Animal Spirits in Crypto Whipsaw From Fear to Greed As Tariffs Concerns Recede

The Crypto Fear and Greed Index swung back to greed after dipping into fear. It dropped to 44 on Feb. 3, before rebounding to 72 on Feb. 4, where it had been for most of the past week and month.

🆙Ethereum ETFs Volume Surges as ETH/BTC Plunges to Lowest Since 2021

Ethereum ETFs recorded an all-time high trading volume of $1.5 billion on Feb. 3. This marked a 23% increase from the previous record of $1.22 billion on Dec. 19, 2024.

🌍 ELSEWHERE

• Peter Thiel-Backed Crypto Firm Weighs IPO (Bloomberg)
• Trump admin reduces SEC team handling crypto enforcement (TheStreet)
• Bitcoin Mining Firm Bitdeer Purchases Canadian Power Facility for $21.7 Million (CoinMarketCap)

🔥TRENDING

• Crypto Czar David Sacks Says Stablecoin Bill and Bitcoin Reserve are Priorities
• Berachain to Launch Mainnet and Airdrop on Feb. 6
• Enron IP Owner Launches Predatory Memecoin
• DeFi Lenders Processed Nearly $300 Million of Liquidations on Feb. 3
• OpenSea’s V2 Beta Testers Accuse the Platform of Copying Blur
• Tokenized Real-World Assets Hit All-time High of $17 Billion