Sol/Eth Hits Record Highs!

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

📅 Today

Sol/Eth Ratio Hits A Record High 🙏 

The ratio between Solana and Ethereum just hit a new all-time high above 0.066. The SOL/ETH ratio jumped 3.5%, breaking through its previous August peak of 0.06450.

This surge re-iterates the growing activity on the Solana network, with its total value locked climbing past $6.4 billion, reaching its highest point since early 2022.

In contrast, Ethereum’s TVL has been stagnant around $48 billion, down from its earlier highs of $65 billion.

While Ethereum may be overshadowed for now, at Coinsauce, we believe 2025 could be a strong year for ETH. Although it may not outperform Solana, we anticipate it will surpass Bitcoin as BTC dominance begins to decline.

Tigran Gambaryan Is Finally Free 🙏 

According to reports from Bloomberg, Nigerian authorities have dropped money laundering charges against Tigran Gambaryan, Binance's head of financial crime compliance, who had been detained since February.

The charges were dismissed due to his deteriorating health, allowing him to seek medical treatment abroad. There were videos of him looking completely malnutritioned and unable to walk that had recently surfaced on the internet, as a result of mistreatment by the Nigerian authorities.

Tigran had faced allegations of laundering over $35 million alongside Binance, which both him and Binance have denied.

Despite his release, Nigeria's Economic and Financial Crimes Commission (EFCC) plans to continue its money laundering investigation against Binance in isolation.

• 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

• Putin declares BRICS summit a sign of the rising multipolar world. Read more 

• $138 million wiped out from the crypto market in less than 24 hours. Read more

• Bitcoin network’s all-time high hash rate pushes mining difficulty. Read more

• Layer 1 Blockchain Mantra Officially Launches Mainnet. Read more

• Vice President Kamala Harris is looking at potential replacements for SEC Chair Gary Gensler. Read more

📕 Educational

How to use BTC dominance to secure profits when the bull market arrives :

Over the past year, Bitcoin's dominance has steadily increased, leading many to wonder when it will stop and if an alt-season is on the horizon. While this is a common question, a more important one is: "Where should we take profits to avoid losing gains?"

The key area to watch is the 42-43% dominance range. Here's why:

• This range aligns with a significant weekly order block that initially triggered the price surge. It's a key structural level for Bitcoin's price action.

• There's also a weekly imbalance from March 2023, which has a high likelihood of being filled, based on common market tendencies.

• Fibonacci retracement levels (0.618 and 0.705) further support this range as a critical point for potential reversal.

As Bitcoin approaches this range, it may be tempting to get caught up in the excitement. But staying rational and considering this area for profit-taking could help protect your gains, when everyone is bullish and the market inevitably crashes.

📊 Stat of the day

🤣 Meme of the day

That concludes our update for today!

We appreciate you joining us for the latest news. We aim to provide the best-in-class insights and highlights that keep you well-informed and ready.

Remember to join us on Telegram and Twitter for additional updates and giveaways. Until then, see you next time!

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