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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2023-02-20 (Monday)

BITCOIN (BTC)

Current Price:  $ 24,505 (24h Changes: -0.38 % )

Current Market Cap:  $ 473,405,414,079 (24h Changes: -0.46 % )


BTC-Positive News

1. Bitcoin Continues to Record Blocks Above the 3.75 MB Range as Ordinal Inscriptions Near 150,000
Source:  Bitcoin
Date:  Sun, 19 Feb 2023 12:30:14

As Ordinal inscriptions approach the 150,000 mark, blocks larger than 3 MB have become commonplace, with many blocks near the 4 MB range.

2. $BTC: ‘Rich Dad Poor Dad' Author Says ‘Bitcoin Best for Unstable Times'
Source:  CryptoGlobe
Date:  Sun, 19 Feb 2023 10:07:04

On Friday (17 February 2023), Robert Kiyosaki, the highly successful author of the “Rich Dad Poor Dad” series of personal finance books, shared his latest thoughts on his three favorite commodities — gold, silver, and Bitcoin.

3. As Bitcoin Hits $25,000 Ceiling, Experts Say Investors Turning To Crypto As A Safe Haven
Source:  Benzinga
Date:  Sun, 19 Feb 2023 12:18:17

The world's largest digital currency Bitcoin (CRYPTO: BTC) broke the $25,000 mark last week, reaching a new high for 2023, a stark contrast to November when the cryptocurrency saw a significant drop to a 2022 low of $15,742 following the FTX (CRYPTO: FTT) crisis. The apex crypto's value began to increase again in January and continued to do so over the course of the month.


BTC-Neutral News

1. Metaverse, AI, and Liquid Staking Tokens Lead Year-to-Date Crypto Asset Gains Among Top 125
Source:  Bitcoin
Date:  Sun, 19 Feb 2023 10:00:02

In 2023, the leading crypto assets, such as bitcoin and ethereum, have captured decent gains. Bitcoin has increased 17.2% over the last 30 days, and ethereum has risen 9.3% in the same timeframe. However, year-to-date statistics show that bitcoin is down 38.3%, and ethereum has lost 39.3% against the U.S. dollar.

2. CNF Brief: 5 Biggest stories of the week- Bitcoin, Shiba Inu, Cardano, VeChain, Binance
Source:  CryptoNewsFlash
Date:  Sun, 19 Feb 2023 06:24:19

Bitcoin and the larger crypto market have remained stable in spite of widespread rumors surrounding Binance.

3. Bitcoin's market cap exceeds that of Visa and Mastercard
Source:  The Cryptonomist
Date:  Sun, 19 Feb 2023 02:03:46

In the world of finance, few things have attracted as much attention and controversy as Bitcoin. The decentralized digital currency was first introduced in 2009 and has since become the subject of intense debate among investors, economists and governments.


BTC-Negative News

1. Bitcoin Is 'No Steak, It's All Sizzle': Peter Schiff On O'Leary, Cuban And Celebrities Playing Into Crypto Mania
Source:  Benzinga
Date:  Sun, 19 Feb 2023 08:29:34

Peter Schiff has been outspoken against Bitcoin (CRYPTO: BTC) for some time. The global economist shared thoughts on how celebrities and big names may have contributed to the rising price of the leading cryptocurrency in 2022.

2. Here's Why Bitcoin (BTC) Price Could See A Major Correction Soon
Source:  Coingape
Date:  Sun, 19 Feb 2023 09:56:34

The crypto community rejoiced after Bitcoin's (BTC) price stunned the market by posting gains on February 16, as its surpassed the $25,000 milestone. After a prolonged effort lasting eight months, BTC finally managed to surpass the coveted price level, however, Bitcoin experienced a decline on Friday as bulls struggled to gain traction in response to the The post Here's Why Bitcoin (BTC) Price Could See A Major Correction Soon appeared first on CoinGape.

3. Top Trader Issues Bitcoin Alert, Warns BTC Could Witness $100,000,000,000 in Cascading Long Liquidations
Source:  The Daily Hodl
Date:  Sun, 19 Feb 2023 03:04:32

A closely followed crypto trader is issuing a warning to Bitcoin holders, saying that BTC could see a cascade of long liquidations in the near future.

ETHEREUM (ETH)

Current Price:  $ 1,684.24 (24h Changes: -0.18 % )

Current Market Cap:  $ 203,305,923,059 (24h Changes: -0.26 % )


ETH-Positive News

1. $48M in Ethereum Has Been Burned Forever Since the Merge
Source:  BlockchainReporter
Date:  Sun, 19 Feb 2023 12:38:36

About 28,730 ETH with a value of $48 million has been burned since the Merge. ETH has become a deflationary asset as a result of a recent upgrade.

2. Ethereum whale continues to accumulate ahead of the Shanghai Upgrade
Source:  Crypto news
Date:  Sun, 19 Feb 2023 07:58:29

A whale has been slowly accumulating their ethereum (ETH) bag ahead of the Shanghai Upgrade.

3. NFT marketplace Blur.io burns 252 ETH to hit top of burn leaderboard
Source:  CryptoSlate
Date:  Sun, 19 Feb 2023 13:01:16

NFT marketplace aggregator Blur.io has surpassed Uniswap, OpenSea, and Etherum transactions as the top ETH burner over the past 24 hours.


ETH-Neutral News

1. ETH and a Look at $1,800 Shanghai Hard Fork Update Dependent
Source:  FXEmpire
Date:  Sun, 19 Feb 2023 02:38:20

It has been a mixed morning for BTC and ETH. With no crypto events to influence investor sentiment, Shanghai hard fork news would force a move.

2. BLUR Becomes Top “Gas Guzzler” On Ethereum, Binance Listing Imminent?
Source:  Coingape
Date:  Sun, 19 Feb 2023 06:47:53

BLUR, the native token of NFT marketplace Blur, is the number one gas burner on Ethereum. Earlier this week, Coinbase said they would launch trading of the BLUR-USD pair when there's sufficient liquidity.

3. Here's a Key Catalyst for Ethereum That No One Is Talking About
Source:  The Motley Fool
Date:  Sun, 19 Feb 2023 06:45:00

Rollups are coming, but there's debate over how to introduce this scalability-inducing tech.


ETH-Negative News

1. NFT collector loses 35 ETH after a “fat finger” bid on Beanz collection
Source:  Crypto news
Date:  Sun, 19 Feb 2023 05:43:30

An NFT collector by the name “Franklin” on Twitter has accidentally lost 35 ETH, worth over $59k, after a “fat finger” bid on Beanz collection.

BINANCECOIN (BNB)

Current Price:  $ 313.01 (24h Changes: -0.89 % )

Current Market Cap:  $ 49,424,675,190 (24h Changes: -0.91 % )


BNB-Neutral News

1. CNF Brief: 5 Biggest stories of the week- Bitcoin, Shiba Inu, Cardano, VeChain, Binance
Source:  CryptoNewsFlash
Date:  Sun, 19 Feb 2023 06:24:19

Bitcoin and the larger crypto market have remained stable in spite of widespread rumors surrounding Binance.

CARDANO (ADA)

Current Price:  $ 0.4 (24h Changes: -0.95 % )

Current Market Cap:  $ 14,100,834,395 (24h Changes: -0.96 % )


ADA-Positive News

1. Cardano price analysis: ADA shows positive potential at $0.407
Source:  Cryptopolitan
Date:  Sun, 19 Feb 2023 09:21:24

The Cardano price analysis is bullish as it shows the price is on the route to recovery today after correcting for a period of two days. The market was following a bearish trend, but now the situation has changed, and a bullish trend is visible on the charts.


ADA-Neutral News

1. CNF Brief: 5 Biggest stories of the week- Bitcoin, Shiba Inu, Cardano, VeChain, Binance
Source:  CryptoNewsFlash
Date:  Sun, 19 Feb 2023 06:24:19

Bitcoin and the larger crypto market have remained stable in spite of widespread rumors surrounding Binance.

RIPPLE (XRP)

Current Price:  $ 0.39 (24h Changes: -1.65 % )

Current Market Cap:  $ 19,690,003,906 (24h Changes: -1.66 % )


XRP-Positive News

1. Cryptocurrencies to watch for the week of February 20, 2023
Source:  Finbold
Date:  Sun, 19 Feb 2023 09:27:21

The cryptocurrency market has been off to a strong start in 2023, with many major coins experiencing significant gains. Despite recent concerns from regulators, the market has shaken off this uncertainty and resumed its upward momentum.

2. 3 Reasons Why XRP Coin May Boast Your Portfolio In 2023
Source:  Coingape
Date:  Sun, 19 Feb 2023 11:23:42

The ongoing correction in XRP coin price is following a famous bullish pattern called the ‘flag pattern'. This continuation pattern encourages a temporary retracement phase to replenish the bullish momentum as it eventually leads to a sustained recovery upon the breakout out of its resistance trendline.


XRP-Neutral News

1. XRP Struggles Around $0.4 But is a Crash Coming? (Ripple Price Analysis)
Source:  CryptoPotato
Date:  Sun, 19 Feb 2023 13:00:14

Ripple's price action has been far from convincing lately, as the cryptocurrency has been rejected from a key resistance level against the USD. XRP is also in a downtrend on the BTC paired chart, making things worse.

2. A Close Call For Judge in US SEC Vs Ripple; XRP Lawyer Suggests
Source:  Coingape
Date:  Sun, 19 Feb 2023 06:54:18

XRP News: The long running legal battle between the US SEC and Ripple Labs has come to a halt season as both parties are waiting for the Judge to produce a much anticipated Summary Judgment. Amicus Curiae in the XRP lawsuit predicted a close call for Judge Netburn to take regarding the present evidence.

3. XRP Lawsuit Deadline Closing In? Or It Will Stretch?
Source:  Coingape
Date:  Sun, 19 Feb 2023 03:52:17

XRP Lawsuit News: The Securities and Exchange Commission (SEC) launched lawsuit against Ripple Labs Inc. and two of its executives is expected to bring regulatory clarity to the digital asset market. However, there might be a further delay in the much awaited Summary Judgment of the XRP lawsuit.

SOLANA (SOL)

Current Price:  $ 25.27 (24h Changes: 7.11 % )

Current Market Cap:  $ 9,552,912,644 (24h Changes: 7.11 % )


SOL-Positive News

1. Helium Sets Solana Migration for March 27
Source:  BeInCrypto
Date:  Sun, 19 Feb 2023 07:44:35

Helium Network migration to Solana now has a proposed date as it is set to happen on March 27, according to an announcement.

2. Helium Network announces migration to Solana blockchain and the deployment of Oracles
Source:  Cryptopolitan
Date:  Sun, 19 Feb 2023 14:39:20

The Helium Network protocol has announced that it will migrate onto the Solana blockchain and deploy Oracles on March 27 to streamline scalability and reliability. On February 17, Helium's blog post announced that there would be a 24-hour transition period on March 27.

3. Helium to migrate to Solana on this date, here's how HNT reacted
Source:  AMBCrypto
Date:  Sun, 19 Feb 2023 00:30:48

In a blog post dated 17 February, Helium Network [HNT] revealed that its migration to the Solana [SOL] network would begin on 27 March. As a result, all wallets, Hotspots, and the press time state of the Helium Network will be updated.


SOL-Neutral News

1. Solana Recovers, But Faces Rejection At $24
Source:  Coin Idol
Date:  Sun, 19 Feb 2023 06:06:00

The price of Solana (SOL) is currently in an upward correction after falling to a low of $19 on February 10.

2. Solana NFTs' potential looks promising, but what is in store for SOL?
Source:  AMBCrypto
Date:  Sun, 19 Feb 2023 14:30:59

A Twitter handle by the name Solana Legend recently posted a tweet that talked about the potential and capabilities of Solana's [SOL] NFT ecosystem.

3. Helium Network sets migration to Solana for March
Source:  Cointelegraph
Date:  Sun, 19 Feb 2023 11:51:51

A 24-hour transition period will take place on March 27, in which the Helium blockchain will be halted. Proof-of-Coverage and data transfer activities will remain unaffected.

AVALANCHE (AVAX)

Current Price:  $ 19.86 (24h Changes: 1.55 % )

Current Market Cap:  $ 6,258,151,076 (24h Changes: 1.48 % )


AVAX-Positive News

1. Avalanche price analysis: AVAX gains bullish momentum at $20.18
Source:  Cryptopolitan
Date:  Sun, 19 Feb 2023 10:29:56

Avalanche price analysis appears to be following a strong bullish movement with the price going up, expecting to reach new highs. In the last 48 hours, the price has risen to a significant degree.

POLKADOT (DOT)

Current Price:  $ 7.49 (24h Changes: 3.47 % )

Current Market Cap:  $ 9,015,395,286 (24h Changes: 3.33 % )


DOT-Neutral News

1. Polkadot price analysis: DOT encounters resistance at $7.36; can bulls break through? 
Source:  Cryptopolitan
Date:  Sun, 19 Feb 2023 01:04:30

Polkadot price analysis reveals a little price increase today. However, DOT/USD has not yet broken above the $7.28 level, which is also the current price, as there is selling pressure in the market above this level.