FTX Repayments Start On Feb 18th!

Welcome back to the Daily Coinsauce Newsletter! Let’s dive into today’s updates—there’s a lot to unpack!

📅 Today

FTX Repayments Announced!

FTX repayments will start on February 18, 2025, beginning with claims under $50,000 for those in the Bahamas process.

Creditors are set to receive 118% (including interest) of claim values based on November 11, 2022, crypto prices, though market fluctuations may impact actual value.

A big chunk of this money might flow BACK INTO CRYPTO, leading to the much required fresh capital and liquidity injection needed for prices to go higher.

Strategic Bitcoin Reserve Is Top Priority!

The US Sovereign Wealth Fund could decide that they want to make Bitcoin a part of its portfolio.

Meanwhile, a Strategic Bitcoin Reserve is one of the first priorities Davd Sack’s team will evaluate.

Just like the spot ETF’s, this narrative could take some time to play out, but it eventually will happen is what we believe.

Whenever the SBR get’s announced, it should be quite a bullish event, especially if it happens within the next 3-6 months.

• Weekly on-chain insights.

• 3-5 altcoin chart setups.

• In-depth Bitcoin price updates.

• Occasional in-depth reports on altcoin gems.

• VC funding roundups.

• Market cycle insights.

• Premium Telegram trading group, and more.

🌎 Other News

• Berachain to Launch Mainnet and Airdrop on Feb. 6. Read more

• Bitcoin Reserve Review is Top Priority for Trump Administration. Read more

• FTX Repayments Will Start In Next 2 Weeks After Long Wait. Read more

• El Salvador Buys the Bitcoin Dip. Read more

• Helium Mobile Launches Free Wireless Plan. Read more

📕 Educational

OTHERS / BTC hit a new low this week.

OTHERS is total marketcap excluding the top 10 coins.

So OTHERS / BTC is taking the marketcap of those ALTs and dividing it by the marketcap of Bitcoin.

So since 2021 ALTs never stopped bleeding back to Bitcoin.

I think many people are fooled into thinking this is a memecoin supercycle, while the memecoins have been bleeding back to Bitcoin since 2021.

Each week a new batch of memecoins are launched as the influencers creating them promote get rich quick schemes. Those ALTs temporarily outperform Bitcoin, so people say "See Bitcoin dominance is useless." The creators of those memecoins then rug their followers. That batch of memecoins goes to zero and a new batch is created. And the process repeats.

It is unfathomable that some people do not recognize what is happening.

Last cycle OTHERS/BTC bottomed when quantitative tightening (QT) ended, which still has not yet happened this market cycle.

Bitcoin dominance is the key to unlocking the secrets of the cryptoverse.

The altcoin casino remains open until all the money is gone.

Source : Ben Cowen.

📊 Stat of the day

🤣 Meme of the day

That concludes our update for today!

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Disclaimer: None of the content shared in the newsletter is financial advice. Always do your own research and analysis before investing.