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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2023-02-21 (Tuesday)
BITCOIN (BTC)
Current Price: $ 24,777 (24h Changes: 1.58 % )
Current Market Cap: $ 478,114,943,646 (24h Changes: 1.52 % )
BTC-Positive News
1. Morgan Creek's Mark Yusko Forecasts Future of Crypto Exchanges, Says Next Bitcoin Bull Run Is Inevitable
Source:
The Daily Hodl
Date:
Mon, 20 Feb 2023 14:41:33
Morgan Creek Capital CIO Mark Yusko is weighing in on the future of crypto and whether the industry will remain dependent on centralized exchanges. In a new interview, the hedge fund veteran says that a time will come when the crypto space will become more decentralized.
2. Coin Bureau Expects $ETH to Overtake $BTC in Market Cap, ‘Can Only See Ethereum Growing'
Source:
CryptoGlobe
Date:
Mon, 20 Feb 2023 07:32:46
Recently, Guy Turner, the crypto analyst who hosts the highly popular crypto market commentary show Coin Bureau, shared his thoughts on Ethereum ($ETH). According to a report by The Daily Hodl, Turner had this to say: “I guess the important thing about whether the flippening happens or not is that it isn't a big deal.
3. First Mover Americas: Bitcoin ‘Ordinals' Boom Prompts NFT Activity Surge
Source:
Coindesk
Date:
Mon, 20 Feb 2023 08:12:26
The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 20, 2023. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.
BTC-Neutral News
1. Bitcoin NFT War Looms as BTC Layer 2 Stacks (STX) Upgrade Set to Challenge Ordinals
Source:
BeInCrypto
Date:
Mon, 20 Feb 2023 11:45:18
Stacks' native STX token surges as Ordinals inscriptions revives interest in the Bitcoin NFT space. The token, which plays a key role in securing the L2, reached an all-time high of $0.79.
2. Get Some Non-KYC Bitcoin Before You Need It
Source:
Bitcoin Magazine
Date:
Mon, 20 Feb 2023 08:00:00
With institutional banks declaring war on Bitcoin, it's worth familiarizing yourself with permissionless methods for stacking sats.
3. Bitcoin Active Addresses Stay Low, Rally Unsustainable?
Source:
Bitcoinist
Date:
Mon, 20 Feb 2023 13:30:18
Data shows the Bitcoin active addresses haven't significantly increased recently, indicating that the current rally may be unsustainable. Bitcoin Active Addresses (30-Day MA) Stall Despite Rally As an analyst in a CryptoQuant post pointed out, previous BTC rallies saw the metric increase in value.
BTC-Negative News
1. Bitcoin ‘Kimchi Premium' in South Korea Goes to Discount
Source:
CryptoPotato
Date:
Mon, 20 Feb 2023 12:14:00
The price of bitcoin was slightly cheaper on Korean exchanges than on global ones, signaling a potential interest drop among local users.
2. SEC Alleges Do Kwon Relocated 10,000 Bitcoin (BTC) As Terra (LUNA) Ecosystem Imploded Last Year
Source:
The Daily Hodl
Date:
Mon, 20 Feb 2023 14:45:50
The U.S. Securities and Exchange Commission (SEC) has alleged that Terra founder Do Kwon transferred 10,000 Bitcoin (BTC), currently worth about a quarter of a billion dollars, as the LUNA ecosystem was collapsing in May of last year.
3. Majority of bitcoin retail investors lost money in the last seven years: BIS
Source:
The Block
Date:
Mon, 20 Feb 2023 13:49:06
A data report from the Bank for International Settlements estimates that the median bitcoin retail investor lost nearly half their investment over the last seven years, and highlighted a call for international governmental coordination in policies towards digital assets.
ETHEREUM (ETH)
Current Price: $ 1,699.5 (24h Changes: 0.91 % )
Current Market Cap: $ 204,767,955,488 (24h Changes: 0.8 % )
ETH-Positive News
1. Coin Bureau Expects $ETH to Overtake $BTC in Market Cap, ‘Can Only See Ethereum Growing'
Source:
CryptoGlobe
Date:
Mon, 20 Feb 2023 07:32:46
Recently, Guy Turner, the crypto analyst who hosts the highly popular crypto market commentary show Coin Bureau, shared his thoughts on Ethereum ($ETH). According to a report by The Daily Hodl, Turner had this to say: “I guess the important thing about whether the flippening happens or not is that it isn't a big deal.
2. Ethereum's Transition to Proof-of-Stake Yields Deflationary Results
Source:
Bitcoin
Date:
Mon, 20 Feb 2023 14:00:57
After the transition from proof-of-work (PoW) to proof-of-stake (PoS), Ethereum's annual issuance rate has been reduced to negative 0.057%, according to statistics 158 days after The Merge.
3. Hong Kong Will Allow Retail Investors To Trade BTC And ETH In Order To Become A Crypto Hub
Source:
Coincu
Date:
Mon, 20 Feb 2023 13:05:50
Key Points: According to Bloomberg, Hong Kong has revealed plans to allow ordinary investors to trade digital assets such as Bitcoin and Ethereum. This is a significant step toward Hong Kong‘s objective of becoming a cryptocurrency hub.
ETH-Neutral News
1. 60% of Staked Ethereum Remains ‘Underwater' Despite Local Price Highs
Source:
BeInCrypto
Date:
Mon, 20 Feb 2023 02:30:00
The amount of staked Ethereum is continually increasing. However, more than half of it remains underwater in terms of gains made.
2. Crypto Prices Today: Bitcoin (BTC), Ethereum (ETH), Polkadot (DOT), Solana (SOL)
Source:
Coingape
Date:
Mon, 20 Feb 2023 01:12:22
Crypto Prices Today: The market is trading partially in red today, as some of the significant coins see a decline. As of writing, Bitcoin price decreases by 1.28% in the last 24 hours.
3. Exploring why Ethereum's Shanghai testnet hasn't been a smooth sail
Source:
AMBCrypto
Date:
Mon, 20 Feb 2023 03:30:42
The Ethereum network is slated to end February with another major upgrade dubbed the Shanghai upgrade.
ETH-Negative News
1. Ethereum Threatens To Fall Below $1,600 As It Fails To Hold Its Recent High
Source:
Coin Idol
Date:
Mon, 20 Feb 2023 09:32:00
Ethereum price (ETH) has been moving sideways and has now crossed the $1,700 resistance level.
2. Fake Ethereum Denver website linked to notorious phishing wallet
Source:
Cointelegraph
Date:
Mon, 20 Feb 2023 09:25:42
Hackers continue to create fake Web3-enabled websites to fleece unsuspecting victims' browser-based wallets, with Ethereum Denver being the latest victim.
BINANCECOIN (BNB)
Current Price: $ 314.51 (24h Changes: 0.36 % )
Current Market Cap: $ 49,652,898,979 (24h Changes: 0.36 % )
BNB-Positive News
1. HEX price performance outperforms Binance (BNB): +255% since start of year
Source:
The Cryptonomist
Date:
Mon, 20 Feb 2023 08:50:40
Despite Binance.US succeeding in having the class action lawsuit brought by HEX holder Ryan Cox dismissed, the community is valuing more highly the 201st crypto by market capitalization.
BNB-Neutral News
1. Weekly crypto price analysis: BTC, ETH, XRP, BNB, DOGE, and ADA
Source:
Cryptopolitan
Date:
Mon, 20 Feb 2023 06:31:41
Our weekly crypto price analysis shows that most of the coins have been trading in a neutral trend with bulls and bears being equally active in the market. For the whole of the week, the top coins have remained rangebound between their upper and lower boundaries.
2. Price analysis 2/20: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL
Source:
Cointelegraph
Date:
Mon, 20 Feb 2023 13:30:00
Bitcoin's tight consolidation near $25,000 suggests that bulls are holding on to their positions in anticipation of a breakout to a new 2023 high.
CARDANO (ADA)
Current Price: $ 0.4 (24h Changes: 0.52 % )
Current Market Cap: $ 14,147,945,556 (24h Changes: 0.58 % )
ADA-Positive News
1. Cardano Price Prediction as ADA Spikes Up 0.8% – How High Can ADA Go in 2023?
Source:
Cryptonews
Date:
Mon, 20 Feb 2023 11:49:00
Cardano price is delicately balancing last week's decent rally with the possibility of a pullback below the pivotal $0.40 level. However, the mundane price action is not unique to ADA but is reflected among the top 100 cryptos. For now, the seventh-largest coin displays 15% in weekly cumulative gains while exchanging hands at $0.4080.
ADA-Neutral News
1. Weekly crypto price analysis: BTC, ETH, XRP, BNB, DOGE, and ADA
Source:
Cryptopolitan
Date:
Mon, 20 Feb 2023 06:31:41
Our weekly crypto price analysis shows that most of the coins have been trading in a neutral trend with bulls and bears being equally active in the market. For the whole of the week, the top coins have remained rangebound between their upper and lower boundaries.
2. Price analysis 2/20: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL
Source:
Cointelegraph
Date:
Mon, 20 Feb 2023 13:30:00
Bitcoin's tight consolidation near $25,000 suggests that bulls are holding on to their positions in anticipation of a breakout to a new 2023 high.
3. Cardano poised for further gains this week but buyers must wait for this retest
Source:
AMBCrypto
Date:
Mon, 20 Feb 2023 09:30:07
On Sunday, Bitcoin saw a pump to $25.1k and an immediate rejection back to the $24.2k area. Whether to trust Sunday pumps in crypto or not remains debatable, but this pump caused early leveraged buyers some pain.
ADA-Negative News
1. ADA Price Prediction: Bears to Target Sub-$0.390 on Fed Fear
Source:
FXEmpire
Date:
Mon, 20 Feb 2023 00:39:24
After a bearish Sunday, ADA found support this morning. However, a lack of Cardano project-related news could leave investors in a cautious mood.
RIPPLE (XRP)
Current Price: $ 0.4 (24h Changes: 2.69 % )
Current Market Cap: $ 20,223,026,147 (24h Changes: 2.78 % )
XRP-Positive News
1. XRP Price May trigger a Massive Upswing- This is When it Could hit $1!
Source:
CoinPedia
Date:
Mon, 20 Feb 2023 03:37:42
The XRP price has begun to consolidate just below $0.4 levels after facing constant rejections. The price again dropped back to $0.38 and the current trade set-up indicates the price is poised to test lower targets in the coming days.
2. Study: XRP More Popular In Japan Than US, But Bulls Lack Strength
Source:
NewsBTC
Date:
Mon, 20 Feb 2023 08:10:56
XRP is the most popular cryptocurrency in Japan, according to a recent study by the City of Hong Kong University that is currently circulating on Twitter. According to the study, XPR is even more popular in the Land of the Rising Sun than in the United States of America.
3. Ripple Further Expands Into UAE, Payment Service Provider Will Use XRP
Source:
Bitcoinist
Date:
Mon, 20 Feb 2023 06:10:23
Just recently, Ripple CEO Brad Garlinghouse drew attention to the global regulatory progress in comparison to the headwinds the industry is facing in the United States. One region where crypto is seen as a promising innovation and where the company has already been able to sign high-profile collaborations is the MENA region (Middle East/North Africa).
XRP-Neutral News
1. Whales Abruptly Move $282,500,000 in XRP and Polygon (MATIC) in Series of Massive Crypto Transfers
Source:
The Daily Hodl
Date:
Mon, 20 Feb 2023 00:13:13
Crypto whales are out in force as a new week arrives, moving a staggering $282.5 million in XRP and Polygon (MATIC). The crypto address tracker Whale Alert spotted a series of mounting transactions in the last 36 hours. Whales have moved XRP both to and from crypto exchanges Bitstamp and Bitso.
2. Ripple's Legal Drama Puts US SEC Judge on the Spot
Source:
Dailycoin
Date:
Mon, 20 Feb 2023 14:29:22
The XRP lawsuit between Ripple and the SEC could set a precedent for crypto regulations, impacting the broader industry.
3. SEC can get only this victory against XRP, but Ripple will win big, says lawyer – XRP to hit $10?
Source:
CryptoNewsFlash
Date:
Mon, 20 Feb 2023 05:10:50
John E Deaton, an attorney who has keenly followed the lawsuit, has stated that the only victory for SEC is that Ripple sold XRP as unregistered security between 2013 to 2017.
XRP-Negative News
1. Ripple Vs SEC : Judge Calls SEC Lawyers Self-Serving in Case Against Ripple
Source:
CoinPedia
Date:
Mon, 20 Feb 2023 02:50:56
A federal court has chastised the SEC's attorneys' behavior in the case, labeling them self-serving, in a shocking move in the continuing legal conflict between Ripple Labs and the US Securities and Exchange Commission (SEC), as was shared by the top crypto lawyer John Deaton.
2. XRP On Thin Ice: SEC Case Heats Up, Sends Shockwaves Through The Market
Source:
CoinPedia
Date:
Mon, 20 Feb 2023 07:21:21
The XRP market is on a downward spiral as factors like crucial network fundamentals, global crypto macroeconomics, and price action deters bulls from going parabolic. After rallying from $0.33 to around $0.44 in January, the XRP price has since invalidated the rising trend after dipping toward $0.37 earlier this month.
3. Crypto Lawyer Responds to Criticism of Ripple's Lawsuit Against SEC
Source:
CoinPedia
Date:
Mon, 20 Feb 2023 01:06:09
An XRP enthusiast named Bill Morgan shared a screenshot from Ripple's Q4 2022 report indicating that the company sold XRP only in connection with ODL transactions. The SEC has decided not to enjoin the present XRP sale, he continued, adding that this has been going on since 2019.
SOLANA (SOL)
Current Price: $ 26.08 (24h Changes: 3.99 % )
Current Market Cap: $ 9,868,784,026 (24h Changes: 4.45 % )
SOL-Positive News
1. Solana Token Rises 28% in last one Week Riding on the News of Helium Migration
Source:
Coinnounce
Date:
Mon, 20 Feb 2023 12:30:51
The migration date to the Solana network is scheduled for March 28, 2023, according to the proposal made by the Helium Foundation.
2. SOL Explodes Over 10% Daily, is $30 Imminent? (Solana Price Analysis)
Source:
CryptoPotato
Date:
Mon, 20 Feb 2023 07:41:32
Solana broke above $24 and escaped the downtrend in the process. Solana Price Analysis Key Support levels: $21, $24 Key Resistance levels: $26, $30 SOL started a major breakout after successfully escaping the resistance at $24, which has now turned into support.
3. AI sets Solana price for the end of 2023
Source:
Finbold
Date:
Mon, 20 Feb 2023 09:59:03
Solana (SOL) was one of the fastest-growing cryptocurrencies in 2021, rising from less than $1 to over $200, with the project gaining a lot of attention for its lightning-fast transaction rates, low fees, and attracting a lot of developers to build on its blockchain.
SOL-Neutral News
1. Solana Rises Another 12%, But Can It Flip Dogecoin In Market Cap?
Source:
Bitcoinist
Date:
Mon, 20 Feb 2023 07:40:05
Solana has continued its strong push today as SOL has risen by another 12%.
2. Crypto Prices Today: Bitcoin (BTC), Ethereum (ETH), Polkadot (DOT), Solana (SOL)
Source:
Coingape
Date:
Mon, 20 Feb 2023 01:12:22
Crypto Prices Today: The market is trading partially in red today, as some of the significant coins see a decline. As of writing, Bitcoin price decreases by 1.28% in the last 24 hours.
3. Price analysis 2/20: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL
Source:
Cointelegraph
Date:
Mon, 20 Feb 2023 13:30:00
Bitcoin's tight consolidation near $25,000 suggests that bulls are holding on to their positions in anticipation of a breakout to a new 2023 high.
AVALANCHE (AVAX)
Current Price: $ 20.85 (24h Changes: 4.38 % )
Current Market Cap: $ 6,567,622,177 (24h Changes: 4.57 % )
AVAX-Positive News
1. Avalanche price analysis: Bullish momentum builds as AVAX reaches new highs of $21.23.
Source:
Cryptopolitan
Date:
Mon, 20 Feb 2023 11:15:11
Avalanche price analysis confirms that a bullish trend has been dominating the market. The token has seen an impressive increase in its price and is currently trading around $21.23, up by 4.43% in the past day alone.
AVAX-Neutral News
1. Assessing Avalanche's weekly highlights and what to expect from AVAX
Source:
AMBCrypto
Date:
Mon, 20 Feb 2023 11:30:09
AVAX Daily recently posted weekly highlights of the Avalanche ecosystem, revealing AVAX's performance on several fronts during the last seven days.
COSMOS (ATOM)
Current Price: $ 14.4 (24h Changes: 1.15 % )
Current Market Cap: $ 4,214,052,472 (24h Changes: 1.27 % )
ATOM-Positive News
1. Crypto ATOM Takes off as Cosmos Welcomes Major Network Upgrade
Source:
Zycrypto
Date:
Mon, 20 Feb 2023 13:54:54
Cosmos hub, the proof of stake interoperability network, launched a significant upgrade on February 16 at block height 14099412, causing a surge in its native ATOM token by 7% to trade at $14 Thursday.
2. TRX, ATOM and Solana: crypto assets with bright futures
Source:
The Cryptonomist
Date:
Mon, 20 Feb 2023 08:35:26
After a positive week and an even better month (+16.56%), the price of TRX continues to do well and stands at 0.067 Euro recording a positive performance (2.46%).
ATOM-Neutral News
1. Will Cosmos' Mars protocol hype sustain in the long run? Data suggests
Source:
AMBCrypto
Date:
Mon, 20 Feb 2023 06:40:17
After the launch of the Mars protocol on Osmosis, the adoption, and usage of the Mars protocol has increased. However, one of the reasons for the same was the rewards program that was playing an important role.
POLKADOT (DOT)
Current Price: $ 7.54 (24h Changes: 0.7 % )
Current Market Cap: $ 9,090,619,038 (24h Changes: 0.78 % )
DOT-Neutral News
1. Crypto Prices Today: Bitcoin (BTC), Ethereum (ETH), Polkadot (DOT), Solana (SOL)
Source:
Coingape
Date:
Mon, 20 Feb 2023 01:12:22
Crypto Prices Today: The market is trading partially in red today, as some of the significant coins see a decline. As of writing, Bitcoin price decreases by 1.28% in the last 24 hours.