What Happens to L1 Tokens Today ?

“What happens to L1 Tokens today?” is a crypto news curator that curates high-quality and insightful Layer-1 Token news for you daily.

Here are the news for you today.

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2023-02-15 (Wednesday)

BITCOIN (BTC)

Current Price:  $ 22,164 (24h Changes: 1.76 % )

Current Market Cap:  $ 427,554,366,471 (24h Changes: 1.85 % )


BTC-Positive News

1. CME Group Announces New Bitcoin (BTC) Futures Contracts
Source:  UToday
Date:  Tue, 14 Feb 2023 10:20:00

CME Group, the world's leading derivatives marketplace, has announced that it will be expanding its suite of event contracts to include Bitcoin futures starting from March 13.

2. Bitcoin, Ethereum Technical Analysis: BTC Edges Closer to $22,000 Ahead of US Inflation Report
Source:  Bitcoin
Date:  Tue, 14 Feb 2023 08:30:55

Bitcoin rebounded in Tuesday's session, as markets prepared for this afternoon's U.S. inflation report. It is expected that the annual rate of inflation in the United States dropped to 6.2% in January, down 0.3% from the month prior. Ethereum also rallied, climbing back above $1,500.

3. These 5 Cryptocurrency May Boost Post U.S. CPI Data
Source:  Coingape
Date:  Tue, 14 Feb 2023 08:07:34

The U.S. Bureau of Labor Statistics is all set to release the Consumer Price Index (CPI ) data today for the month of January. The inflation rate is expected to slow down and come to 6.2% the lowest since October 2022.


BTC-Neutral News

1. Bitcoin (BTC) Reversal After U.S. CPI Data Set To Trigger $25K?
Source:  Coingape
Date:  Tue, 14 Feb 2023 10:48:06

Bitcoin CPI Data News: A higher than expected inflation data for January initially resulted in traders reflecting disappointment. However, BTC is now forming a bear trap situation after a sudden reversal as the US Dollar Index (DXY) recovered from highs and the S&P 500 Index opened to an encouraging start.

2. Here's Why $22500 Stands As A Crucial Level For Bitcoin Holders'
Source:  Coingape
Date:  Tue, 14 Feb 2023 08:27:19

The Bitcoin price falling since February 2nd triggered a sense of retracement phase in the crypto market. Thus, the BTC price tumbled 9.5% from the $23800 resistance and reached local support of the $21815 mark.

3. Bitcoin, Ethereum Trade Sideways as Market Mulls Mixed CPI Report
Source:  Decrypt
Date:  Tue, 14 Feb 2023 09:13:48

Inflation slowed to 6.4%, but markets, including Bitcoin and Ethereum, are still parsing through several mixed signals from the CPI report.


BTC-Negative News

1. Bitcoin Below $22K Ahead of CPI Report
Source:  Coindesk
Date:  Tue, 14 Feb 2023 11:00:04

TheoTrade co-founder Don Kaufman joins "All About Bitcoin" to discusses whether bitcoin (BTC) has hit bottom and how the largest token by market capitalization will react to Tuesday's consumer price index (CPI) data. Plus, what a strong dollar could mean for risk assets and his outlook on a potential capitulation event.

2. Bitcoin experienced its first weekly “Death Cross”
Source:  The Cryptonomist
Date:  Tue, 14 Feb 2023 09:09:42

In technical analysis, a Death Cross occurs when a short-term moving average crosses a long-term moving average, signaling a potential change in trend.

3. Arthur Hayes Thinks BTC Is Going to Crash Again
Source:  LiveBitcoinNews
Date:  Tue, 14 Feb 2023 10:00:50

The bitcoin price has recently topped $23,000, hitting its highest number in about six months, but while things are looking good for crypto, not everyone is happy. According to figures like former chief executive of BitMEX Arthur Hayes, a global crash is coming that could wipe out BTC and all its altcoin cousins.

ETHEREUM (ETH)

Current Price:  $ 1,550.07 (24h Changes: 3.05 % )

Current Market Cap:  $ 186,881,157,010 (24h Changes: 3.12 % )


ETH-Positive News

1. Bitcoin, Ethereum Technical Analysis: BTC Edges Closer to $22,000 Ahead of US Inflation Report
Source:  Bitcoin
Date:  Tue, 14 Feb 2023 08:30:55

Bitcoin rebounded in Tuesday's session, as markets prepared for this afternoon's U.S. inflation report. It is expected that the annual rate of inflation in the United States dropped to 6.2% in January, down 0.3% from the month prior. Ethereum also rallied, climbing back above $1,500.

2. Ethereum Price Turned Bullish Hours After CPI Data Revealed; Should You Enter?
Source:  Coingape
Date:  Tue, 14 Feb 2023 10:22:05

Since last month, the Ethereum price has resonated in the fixed range spread from $1680 to the $1500 mark. With the recent sell-off in the crypto market, the Ethereum price has returned to $1500 support, trying to replenish the exhausted bullish momentum.

3. These 5 Cryptocurrency May Boost Post U.S. CPI Data
Source:  Coingape
Date:  Tue, 14 Feb 2023 08:07:34

The U.S. Bureau of Labor Statistics is all set to release the Consumer Price Index (CPI ) data today for the month of January. The inflation rate is expected to slow down and come to 6.2% the lowest since October 2022.


ETH-Neutral News

1. Beyond Dogecoin and Shiba Inu -- These 3 Cryptos Are Better Buys
Source:  The Motley Fool
Date:  Tue, 14 Feb 2023 05:41:00

It's about finding long-term winners and avoiding short-term speculation.

2. Ethereum Holds Above $1,400 As Negative Momentum Wanes
Source:  Coin Idol
Date:  Tue, 14 Feb 2023 06:13:00

The Ethereum price (ETH) is falling and approaching a low of $1,462.20.

3. Ethereum's OFAC-Compliant blocks drop to 47%
Source:  CryptoSlate
Date:  Tue, 14 Feb 2023 10:28:19

The number of Ethereum (ETH) blocks compliant with the United States Office of Foreign Asset Control (OFAC) fell to 47% on February 13 — the lowest since October 11 — according to MEV Watch data.


ETH-Negative News

1. ETH Eyes Sub-$1,450 as Focus Shifts from Shanghai Hard Fork Progress
Source:  FXEmpire
Date:  Tue, 14 Feb 2023 04:27:13

BTC and ETH were back in the red this morning. Shanghai hard fork progress continues to take a back seat, with the SEC and US CPI Report in focus.

2. Ethereum total gas usage just hit a 4-month low amid a price slump
Source:  Crypto news
Date:  Tue, 14 Feb 2023 04:46:32

The ethereum network is witnessing a drastic reduction in the amount of gas used, as total gas usage recently plummeted to 4,507,912,628 – a low last witnessed in October 2022.

3. Trader Says One Low-Cap Ethereum Altcoin Set for Huge Rally – Here's His Target
Source:  The Daily Hodl
Date:  Tue, 14 Feb 2023 05:15:11

A closely followed crypto strategist is predicting a huge upside for one under-the-radar Ethereum (ETH) altcoin. Pseudonymous analyst Cantering Clark tells his 159,800 Twitter followers that he has his eye on Hashflow Token (HFT). “The last tickerless chart I shared did a 3x this week.

BINANCECOIN (BNB)

Current Price:  $ 294.49 (24h Changes: 1.11 % )

Current Market Cap:  $ 46,527,683,147 (24h Changes: 1.19 % )


BNB-Positive News

1. BNB Chain Aims to Double Transaction Speed, Targets ZK Tooling in 2023 Roadmap
Source:  Coindesk
Date:  Tue, 14 Feb 2023 10:50:00

It also aims to more than triple the number of validators to 100.


BNB-Negative News

1. BNB Token Plunges as Binance, Paxos Shutter BUSD Stablecoin Product
Source:  Decrypt
Date:  Tue, 14 Feb 2023 04:27:18

Binance's native exchange token BNB has taken a beating as regulators take aim at the firm's stablecoin product BUSD.

2. What BUSD's fallout means for Binance Coin's [BNB] future
Source:  AMBCrypto
Date:  Tue, 14 Feb 2023 12:30:15

Binance Coin [BNB], the exchange coin of the world's largest cryptocurrency exchange, felt the repercussions of the NYDFS' decision to halt further minting of Binance USD [BUSD]. According to Santiment, it was almost inevitable for BNB to be spared in the wake of the unfolding events.

3. Problems for the Binance Coin (BNB) crypto
Source:  The Cryptonomist
Date:  Tue, 14 Feb 2023 04:04:00

It is also the native cryptocurrency of BNB Chain. The latter is a theoretically decentralized blockchain, although Binance's role in its operation is relevant.

CARDANO (ADA)

Current Price:  $ 0.39 (24h Changes: 7.49 % )

Current Market Cap:  $ 13,494,249,374 (24h Changes: 7.67 % )


ADA-Positive News

1. Cardano whales on buying spree as COTI adds support for DJED – Will ADA price explode?
Source:  CryptoNewsFlash
Date:  Tue, 14 Feb 2023 09:56:56

So far in February, the Cardano daily whale transactions have jumped by 5x in comparison to January.

2. Cardano records huge uptick in whale activity as brutal 2022 still ‘far from distant memory'
Source:  Finbold
Date:  Tue, 14 Feb 2023 08:19:48

The recent cryptocurrency market downturn has many investors worried about a replay of the turbulent year of 2022, but the high volume of large Cardano (ADA) transactions may be a healthy sign for the eighth-largest cryptocurrency by market capitalization.

3. What Time Is Cardano (ADA) Valentine (SECP) Upgrade Mainnet Release?
Source:  Coingape
Date:  Tue, 14 Feb 2023 13:18:18

Cardano Valentine upgrade news: After much anticipation, the Valentine (SECP) upgrade is finally here and set for mainnet release. The upgrade is aimed at improving security for developers for cross-chain decentralized application (DApp) development.


ADA-Neutral News

1. Beyond Dogecoin and Shiba Inu -- These 3 Cryptos Are Better Buys
Source:  The Motley Fool
Date:  Tue, 14 Feb 2023 05:41:00

It's about finding long-term winners and avoiding short-term speculation.

2. Another Reason To Fall In Love With Cardano On This valentine's Day
Source:  CoinPedia
Date:  Tue, 14 Feb 2023 04:27:51

In the last two weeks the eighth largest cryptocurrency, Cardano, has been trading on a bearish pull. This downward movement is the result of Bitcoin dropping at $21,000 area which has influenced major altcoin's movement. The decreased demand and purchasing power has increased bearish control. In the last 24hrs Cardano has lost 1.

3. Cardano is at crucial point as whales trigger interest
Source:  Crypto news
Date:  Tue, 14 Feb 2023 07:30:49

Cardano (ADA) is currently in a crucial position amid a blend of bullish and bearish pointers that could either serve as support on its journey to recover the 82% loss of last year or cause the asset to shed off


ADA-Negative News

1. Cardano (ADA) Price Analysis: Bears Active Below $0.38
Source:  LiveBitcoinNews
Date:  Tue, 14 Feb 2023 01:38:36

ADA price is trading in a bearish zone below the $0.40 support zone against the US Dollar. The price is now trading above $0.38 and the 55 simple moving average (4-hours).

2. Cardano's Downtrend Intensifies, is $0.30 Imminent? (ADA Price Analysis)
Source:  CryptoPotato
Date:  Tue, 14 Feb 2023 11:41:43

Cardano had a difficult opening on Monday when the price quickly dropped. In the process, the cryptocurrency made a lower low.

RIPPLE (XRP)

Current Price:  $ 0.38 (24h Changes: 3.27 % )

Current Market Cap:  $ 19,294,242,727 (24h Changes: 3.49 % )


XRP-Positive News

1. Ripple: ‘We forced SEC to admit that XRP is software code' and no unregistered security – Report
Source:  CryptoNewsFlash
Date:  Tue, 14 Feb 2023 04:33:16

A potential Ripple win against the SEC might be underway after Attroney said the SEC has  admitted that Ripple is a software code.  Prominent Attroney John Deaton is putting his weight behind Ripple in case against XRP holders.

2. New XRP Listing Announced by Japanese Crypto Platform: Details
Source:  UToday
Date:  Tue, 14 Feb 2023 07:07:00

As shared by crypto enthusiast @sentosumosaba, Japanese company FuelHash's crypto asset management platform has announced support for XRP, the sixth largest cryptocurrency in terms of market capitalization.

3. Here's How XRP Price May Kick Start Its Recovery Rally
Source:  Coingape
Date:  Tue, 14 Feb 2023 12:08:18

The XRP price daily time frame chart shows the formation of a flag pattern. This pattern is formed when there is a sharp upward movement in price, followed by a correction period with lower trading volume.


XRP-Neutral News

1. South Korea reportedly monitoring Ripple's case against SEC
Source:  CryptoSlate
Date:  Tue, 14 Feb 2023 13:22:18

South Korea's Financial Supervisory Service (FSS) is reportedly monitoring the lawsuit between the United States Securities and Exchange (SEC) and crypto firm Ripple (XRP), South Korea's News1 reported.

2. Joe Biden's choice for SEC Chair: A politically risky move, according to Ripple lawyer
Source:  Cryptopolitan
Date:  Tue, 14 Feb 2023 09:00:27

Ripple's chief legal officer, Stuart Alderoty, recently voiced his concerns in a tweet about SEC chairman Gary Gensler and Vice President Joe Biden. He also highlighted the diversified demographic of cryptocurrency users—more than 40 million Americans from all backgrounds, who are mostly young adults aged 18-34.

3. 450 Million XRP Moved by Ripple, Here's Why It May Be Sale
Source:  UToday
Date:  Tue, 14 Feb 2023 08:37:00

Ripple fintech company based in San Francisco has moved a massive amount of XRP tokens, as detected by prominent DLT service Whale Alert that traces large crypto movements.


XRP-Negative News

1. XRP Entering Danger Zone, Is a Crash Coming? (Ripple Price Analysis)
Source:  CryptoPotato
Date:  Tue, 14 Feb 2023 13:55:07

Ripple's price has been trapped inside a static range between $0.42 and $0.31 and is struggling to break ou. A consolidation stage within this range could be imminent as the cryptocurrency was recently rejected from a vital resistance level.

2. Ripple executive calls SEC crackdown as terrible for Democrats
Source:  Cryptopolitan
Date:  Tue, 14 Feb 2023 09:30:26

The recent few months have been especially troublesome for the crypto market because of the increasing problems. The collapse of major names and fraud in the market led to stronger actions from the US financial watchdog, i.e.

3. South Korean Financial Regulator Monitors Ripple Lawsuit for Crypto Regulation Guidance
Source:  BeInCrypto
Date:  Tue, 14 Feb 2023 06:00:00

South Korean financial regulator is keeping a close eye on the United States Securities and Exchange (SEC) lawsuit against Ripple.

SOLANA (SOL)

Current Price:  $ 21.59 (24h Changes: 3.63 % )

Current Market Cap:  $ 8,129,921,187 (24h Changes: 3.77 % )


SOL-Positive News

1. Biggest Movers: SOL Rebounds, TRX up for Fifth Straight Session
Source:  Bitcoin
Date:  Tue, 14 Feb 2023 11:30:49

Solana was one of Tuesday's notable movers, as the token rebounded from losses to start the week. The move comes despite U.S. inflation figures missing expectations. Consumer prices came in at 6.4%, higher than the 6.2% many had forecasted. Tron rose for a fifth consecutive session on Tuesday.

2. Solana (SOL) Price Could Increase by 70%, but Only if It Clears This Resistance
Source:  BeInCrypto
Date:  Tue, 14 Feb 2023 10:30:00

If the Solana (SOL) price breaks out above a long-term descending resistance line, it could increase to $37.

3. Solana price analysis: SOL experiences massive highs at $21.83
Source:  Cryptopolitan
Date:  Tue, 14 Feb 2023 14:23:10

Solana price analysis for February 14, 2023, reveals the market following a complete bullish movement; moreover, Solana has obtained massive negative momentum, signifying a decline for the SOL market. The price of Solana has remained negative over the past few hours.


SOL-Neutral News

1. Is Solana a Buy? Growth Numbers Show Mixed Message
Source:  The Motley Fool
Date:  Tue, 14 Feb 2023 08:15:00

Despite some concerning user data, Solana's development activity reflects potential upside.

2. Crypto Prices Today: Bitcoin, Ethereum, Solana, Dogecoin
Source:  Coingape
Date:  Tue, 14 Feb 2023 02:19:44

Crypto Prices Today: Market is trading partially in green, as some significant coins plunges whereas others soar. As of writing, Bitcoin decreases by 0.51% in the last 24 hours.

3. Beyond Dogecoin and Shiba Inu -- These 3 Cryptos Are Better Buys
Source:  The Motley Fool
Date:  Tue, 14 Feb 2023 05:41:00

It's about finding long-term winners and avoiding short-term speculation.

AVALANCHE (AVAX)

Current Price:  $ 18.0 (24h Changes: 2.38 % )

Current Market Cap:  $ 5,678,190,286 (24h Changes: 2.38 % )


AVAX-Positive News

1. Avalanche Blockchain Saw 1,500% Transactional Growth in 2022: Nansen
Source:  Coindesk
Date:  Tue, 14 Feb 2023 04:13:51

Such transactional activity came even as the total value of tokens locked on Avalanche-based decentralized finance applications slid from 2021's $15 billion peak to just over $900 million in November 2022.

POLKADOT (DOT)

Current Price:  $ 6.19 (24h Changes: 1.41 % )

Current Market Cap:  $ 7,447,454,468 (24h Changes: 1.33 % )


DOT-Positive News

1. Wanchain: USDT XFlows Launches on Polkadot
Source:  Altcoin Buzz
Date:  Tue, 14 Feb 2023 05:09:49

Wanchain has made a name for itself as a decentralized bridge that helps crypto users move tokens between chains. In addition, Wanchain believes that the future and potential of blockchain depends on interoperability.


DOT-Neutral News

1. Will Polkadot's [DOT] development activity be enough for the ecosystem? Assessing
Source:  AMBCrypto
Date:  Tue, 14 Feb 2023 11:30:27

Token Terminal revealed that Polkadot's [DOT] trading volume was on a constant decline, which was a negative signal. However, in terms of the number of developers, DOT has consistently outperformed its competition, with the figure increasing since its inception.


DOT-Negative News

1. Polkadot price analysis: DOT drops again at $6.20 as bears strengthen their grip
Source:  Cryptopolitan
Date:  Tue, 14 Feb 2023 04:24:03

According to market analysis, The Polkadot price analysis is indicating a downtrend market as the bears have strengthened their grip over the past few days. The bulls are having difficulty pushing DOT above the resistance of $6.