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.

If you would like to read and analyse the news here over an interactive user interface, please check out our blockchain analytics app -> ChainMetrics !

2023-02-22 (Wednesday)

BITCOIN (BTC)

Current Price:  $ 24,364 (24h Changes: -1.74 % )

Current Market Cap:  $ 470,193,909,053 (24h Changes: -1.72 % )


BTC-Positive News

1. Short-Term Bitcoin Traders Are Likely Profiting, Data Suggests
Source:  Coindesk
Date:  Tue, 21 Feb 2023 10:30:25

Data from Glassnode and Decentral Park Capital shows bitcoin's STH-SOPR indicator, which shows the degree of realized profit and loss for all coins moved on-chain that have a lifespan of less than 155 days. The indicator has bounced from 1.00.

2. Bitcoin Network Difficulty Expected to See Largest Increase of the Year Amid High Hashrate, Shorter Block Times
Source:  Bitcoin
Date:  Tue, 21 Feb 2023 10:30:11

After a small decrease of 0.49% on Feb. 12, 2023, Bitcoin's network difficulty is expected to experience a significant increase in three days on Feb. 24. Estimates indicate the difficulty could see the largest rise of the year, surpassing the 10.26% increase that occurred on Jan. 15 at block height 772,128.

3. HRF Donates 2 Billion Satoshis To 10 Global Bitcoin Projects
Source:  Bitcoin Magazine
Date:  Tue, 21 Feb 2023 10:00:00

Various projects supporting censorship resistance and Bitcoin education have received funding from the HRF.


BTC-Neutral News

1. Bitcoin Core Maintainer Marco Falke Announces His Intent To Step Down
Source:  Bitcoin Magazine
Date:  Tue, 21 Feb 2023 14:18:08

The developer with the most changes to Bitcoin's code has announced his decision to step down from the Core maintainer role.

2. AI predicts Bitcoin price for the end of 2023
Source:  Finbold
Date:  Tue, 21 Feb 2023 09:14:32

The cryptocurrency market is consolidating its past week's gains, along with the largest decentralized finance (DeFi) asset by market capitalization – Bitcoin (BTC), and crypto traders and investors are looking at indicators that could provide insight into its future price movements.

3. First Mover Americas: BNB-Bitcoin Ratio Falls to Lowest Level Since August
Source:  Coindesk
Date:  Tue, 21 Feb 2023 08:08:35

The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 21, 2023. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.


BTC-Negative News

1. Bitcoin (BTC) Technical Set Up Supports Tactical Shorts, What's ahead?
Source:  Coingape
Date:  Tue, 21 Feb 2023 07:36:24

Last week, the world's largest cryptocurrency made a strong move to $25,000, however, it facing strong resistance at those levels. As of press time, BTC is trading 1% down at $24,615 and a market cap of $475 billion.

2. Bitcoin Price Forecast: BTC, ETH Held Back by Technical Resistance
Source:  DailyFX
Date:  Tue, 21 Feb 2023 09:00:29

Bitcoin and Ethereum price action has been on a rampant rise since the beginning of the year. With psychological resistance back in play, can the trend hold?

3. Retail Investors Lost Half Of Bitcoin Investment: Why The Globe Should Coordinate Regulation
Source:  Benzinga
Date:  Tue, 21 Feb 2023 12:29:11

Major cryptocurrency debacles of 2022 caused a surge in retail crypto trading. However, large investors sold their assets at the expense of smaller investors who were attempting to diversify their assets during moments of crisis, according to new data from the Bank for International Settlements (BIS).

ETHEREUM (ETH)

Current Price:  $ 1,657.17 (24h Changes: -2.55 % )

Current Market Cap:  $ 199,729,067,982 (24h Changes: -2.5 % )


ETH-Positive News

1. HIVE Ups Bitcoin Production in First Full Quarter Without Ethereum Mining
Source:  Decrypt
Date:  Tue, 21 Feb 2023 06:07:30

HIVE Blockchain increased its Bitcoin mining production amid an ongoing crypto winter, boasting an increase of 13% year-over-year.

2. Ethereum Gaming Altcoin Explodes 117% After Project Reveals Big Tokenomics Revamp
Source:  The Daily Hodl
Date:  Tue, 21 Feb 2023 05:15:30

An Ethereum (ETH)-based gaming altcoin is exploding in price after the project announced its plans for a big tokenomics revamp. The Klaytn Foundation is unveiling its new initiatives for Klaytn (KLAY) that aim to improve the sustainability and transparency of the project's ecosystem.

3. Ethereum (ETH) Price Poised For 20% Jump Ahead Of U.S. FOMC Minutes Release?
Source:  Coingape
Date:  Tue, 21 Feb 2023 11:59:48

The price of Ethereum (ETH) is currently experiencing high levels of instability around $1,670, and the monthly pivot for February is also under a lot of pressure. However, a number of on-chain indicators suggest that ETH could possibly rally, thus exacerbating a bullish momentum on the heels of the FOMC minutes to be released tomorrow.


ETH-Neutral News

1. Machine learning algorithm sets Ethereum price for March 1, 2023
Source:  Finbold
Date:  Tue, 21 Feb 2023 04:17:48

The cryptocurrency sector has found itself under increased regulatory pressure in the past weeks, but despite the difficult times, that didn't prevent its representative assets from recording some strong gains, including Ethereum (ETH).

2. Bitcoin Vs Ethereum : What Crypto Whales Are Stacking?
Source:  CoinPedia
Date:  Tue, 21 Feb 2023 06:04:43

The cryptocurrency market has been a hot topic recently, with investors trying to predict which digital asset will provide the best returns this year. As the market showcases a recovery, Bitcoin and Ethereum continue to compete for dominance.

3. Crypto Miner Hive Blockchain's Posts Q3 Loss as Ethereum Merge Cuts Revenue, Mining Margin
Source:  Coindesk
Date:  Tue, 21 Feb 2023 05:38:57

The Canadian miner is launching its high-performance computing cloud business, which is 25 more profitable than mining.


ETH-Negative News

1. Ethereum Falls But Remains Above $1,600; Blur, Filecoin Among Top Losers
Source:  Benzinga
Date:  Tue, 21 Feb 2023 09:51:35

Bitcoin (CRYPTO: BTC) traded lower, but traded above the key level of $24,000 on Tuesday. Ethereum (CRYPTO: ETH) also recorded losses, but traded above the $1,600 mark this morning.

2. Ethereum price rally hit crucial resistance as institutional investors are in ‘wait and see' mode
Source:  Cointelegraph
Date:  Tue, 21 Feb 2023 12:45:00

ETH's rally paused at key resistance levels according to on-chain and technical data but the downside risk appears limited based on the network's activity.

3. Bitcoin Price Forecast: BTC, ETH Held Back by Technical Resistance
Source:  DailyFX
Date:  Tue, 21 Feb 2023 09:00:29

Bitcoin and Ethereum price action has been on a rampant rise since the beginning of the year. With psychological resistance back in play, can the trend hold?

BINANCECOIN (BNB)

Current Price:  $ 310.13 (24h Changes: -1.43 % )

Current Market Cap:  $ 48,990,949,330 (24h Changes: -1.48 % )


BNB-Positive News

1. 3 Cryptocurrencies to Buy in 2023; Cosmos (ATOM), Binance Coin (BNB), and DPA Token (DPAT)
Source:  BlockchainReporter
Date:  Tue, 21 Feb 2023 11:56:37

Looking for the most profitable cryptocurrencies to invest in 2023? This article explores three top digital coins: Cosmos (ATOM), Binance Coin (BNB), and the Direct Property Africa Token (DPAT).


BNB-Neutral News

1. First Mover Americas: BNB-Bitcoin Ratio Falls to Lowest Level Since August
Source:  Coindesk
Date:  Tue, 21 Feb 2023 08:08:35

The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 21, 2023. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

2. BNB-Bitcoin Ratio Falls to Lowest Level Since August; Custodia Bank CEO on Crypto Regulation
Source:  Coindesk
Date:  Tue, 21 Feb 2023 09:00:34

BNB, the native token of the Binance-initiated blockchain network BNB Chain, is losing ground against bitcoin (BTC) in the wake of regulatory action against Binance-branded dollar-pegged stablecoin BUSD. Bitwise Asset Management President Teddy Fusaro shares his analysis.


BNB-Negative News

1. Hundreds of Fake ChatGPT Tokens Issued on BNB Chain and ETH as AI Popularity Surges
Source:  Coinspeaker
Date:  Tue, 21 Feb 2023 11:02:39

Illicit market participants are cashing in on the soaring popularity of ChatGPT by issuing fake tokens on several blockchains. 

2. BNB-Bitcoin Ratio Drops to Lowest Level in Six Months On Paxos-BUSD Drama
Source:  Coindesk
Date:  Tue, 21 Feb 2023 05:44:39

The recent regulatory action against Binance-branded BUSD stablecoin weighs over BNB token.

3. Hundreds of Fake ChatGPT Tokens are Luring Crypto Punters, Majority Issued on BNB Chain
Source:  Coindesk
Date:  Tue, 21 Feb 2023 06:10:52

Of over 172 tokens branded after ChatGPT that were issued, over 132 different tokens have been issued on BNB Chain, the most among blockchains.

CARDANO (ADA)

Current Price:  $ 0.39 (24h Changes: -2.85 % )

Current Market Cap:  $ 13,682,157,152 (24h Changes: -2.83 % )


ADA-Positive News

1. This crypto giant offers staking for ADA, Polkadot and Avalanche while investors leave the US due to SEC enforcement 
Source:  CryptoNewsFlash
Date:  Tue, 21 Feb 2023 12:55:29

According to the report, SBI VC Trade would reward Polkadot staking at an annual rate of 13.9 percent.  This will be the highest level in Japan.

2. Crypto Whales Are Targeting These Tokens, Depicts On-Chain Data
Source:  Coingape
Date:  Tue, 21 Feb 2023 08:00:45

Crypto News: The global digital asset market registered some major turbulence over the month of February. Bitcoin (BTC), the world's largest crypto went on to breach the $25k price level leading the market toward recovery.

3. Coin Bureau Founder: Cardano ($ADA) Has ‘A Bright Future'
Source:  CryptoGlobe
Date:  Tue, 21 Feb 2023 14:18:49

Last week, Guy Turner, founder and host of the highly popular crypto market commentary show Coin Bureau, explained why he is bullish on Cardano ($ADA). According to a report by The Daily Hodl, during an interview on the CryptoBusy podcast, Turner had this to say about Cardano: “I'd go for ADA at the moment.


ADA-Neutral News

1. The real reason behind the crypto heat, according to Cardano's co-founder
Source:  AMBCrypto
Date:  Tue, 21 Feb 2023 06:00:08

Cardano co-creator Charles Hoskinson has expressed his thoughts on recent regulatory actions against the crypto industry. The occasion for Hoskinson's remarks was the introduction of the Digital Property Protection and Law Enforcement Act, a Senate bill in Illinois that has already been dubbed the most unworkable state law.

2. Cardano (ADA) Price Analysis: Dips Remain Attractive To The Bulls
Source:  LiveBitcoinNews
Date:  Tue, 21 Feb 2023 00:08:52

ADA price is correcting gains from the $0.422 zone against the US Dollar. The price is now trading above $0.395 and the 55 simple moving average (4-hours).


ADA-Negative News

1. Cardano Coin Struggles To Surpass $0.415 Barrier; Is Bullish Recovery Over?
Source:  Coingape
Date:  Tue, 21 Feb 2023 14:29:59

The last six months' price action in Cardano coin price showcases a V-shaped recovery. This type of bullish reversal indicates high confidence in buyers and rapid growth in an asset's price.

2. Cardano (ADA) Community Divided as Charles Hoskinson Responds to Criticism
Source:  UToday
Date:  Tue, 21 Feb 2023 01:45:00

The comments come after a tweet from Twitter user @wuffett_barren, who suggested that the @cardano_whale account would be a better representative for the Cardano community than Hoskinson himself.

3. Charles Hoskinson hits back at critics calling Cardano a cult
Source:  Finbold
Date:  Tue, 21 Feb 2023 07:44:02

After facing harsh criticism over his suggestion of contingent staking to help the cryptocurrency industry meet regulatory requirements amid heightened scrutiny over the sector, Cardano (ADA) founder Charles Hoskinson has hit back at the critics that called the Cardano community a cult.

RIPPLE (XRP)

Current Price:  $ 0.39 (24h Changes: -1.27 % )

Current Market Cap:  $ 19,773,356,554 (24h Changes: -1.25 % )


XRP-Positive News

1. XRP Whale Moves $19.7 Million Away From Binance, Bullish Sign?
Source:  NewsBTC
Date:  Tue, 21 Feb 2023 08:50:15

Data shows an XRP whale has withdrawn an amount of $19.7 million in the token from Binance, a sign that may be bullish for the asset's price. XRP Whale Transfers Out 50,304,136 Coins From Crypto Exchange Binance As per data from the cryptocurrency transaction tracker service Whale Alert, a large XRP transfer has been spotted on the Ripple blockchain during the last few hours.

2. Investor Sentiment Around XRP Switched to Positive for the First Time
Source:  CoinPedia
Date:  Tue, 21 Feb 2023 06:38:39

For some digital assets, the current cryptocurrency market drop has been problematic. The price of Ripple (XRP) has dropped back to where it was prior to the January market highs, and it shows no prospects of rising any time soon.

3. Machine learning algorithm sets XRP price for March 1, 2023
Source:  Finbold
Date:  Tue, 21 Feb 2023 09:31:56

XRP is currently guided by bullish sentiments, despite the token's price position remaining precarious due to the possibility of a continued rise or drop in value. With XRP standing out among closely monitored tokens, mainly from the legal front, the community remains interested in how the token will likely perform.


XRP-Neutral News

1. XRP Lawsuit: Ripple Assures Of Win If Case Goes To Jury?
Source:  Coingape
Date:  Tue, 21 Feb 2023 05:30:17

XRP Lawsuit News: The digital asset industry leaders have been vocal about the U.S. Securities and Exchange Commission's (SEC) alleged regulatory overreach. However, it is expected that the long running US SEC Vs Ripple lawsuit's outcome would provide legal clarity to the crypto market.

2. Will Ripple Vs. SEC Go To Supreme Court?
Source:  Bitcoinist
Date:  Tue, 21 Feb 2023 07:00:28

As the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) continues to await a ruling from Judge Analisa Torres of the United States Southern District Court of New York, Ripple's chief legal officer has spoken out with a striking statement on Twitter.

3. XRP News: Whales Perform Multiple Transactions Involving XRP Tokens
Source:  Coingape
Date:  Tue, 21 Feb 2023 08:13:38

XRP News: The infamous Ripple vs SEC lawsuit has been creating tension for XRP. Despite the recent dips in XRP prices, crypto whales are out in force, moving a staggering 114.5 million tokens.


XRP-Negative News

1. Attorney believes that SEC has lost Ripple case
Source:  Crypto news
Date:  Tue, 21 Feb 2023 04:50:33

John Deaton, in a recent ststament, has reaffirmed his confidence on a ripple win. According to Deaton, the SEC's Howey test does not prove XRP to be a security.

SOLANA (SOL)

Current Price:  $ 24.99 (24h Changes: -3.82 % )

Current Market Cap:  $ 9,454,835,137 (24h Changes: -3.87 % )


SOL-Positive News

1. Multicoin, Sequoia Lead $6M Round in Solana-based Crypto Wallet TipLink
Source:  Decrypt
Date:  Tue, 21 Feb 2023 10:11:02

The premise is simple: The transaction is the wallet, meaning anyone can use it. Now, TipLink is expanding the idea with fresh funding.

2. Sequoia, Multicoin co-lead $6M funding for Solana-based crypto payments startup TipLink
Source:  The Block
Date:  Tue, 21 Feb 2023 10:00:04

TipLink, a crypto payments platform built on the Solana blockchain, raised $6 million in a seed funding round.

3. Helium announces migration date to Solana, 1M hotspots worldwide
Source:  CryptoSlate
Date:  Tue, 21 Feb 2023 07:41:15

Solana (SOL) experienced a surge in price following an announcement that Helium (HNT) would be migrating towards the platform beginning March 27.


SOL-Neutral News

1. Crypto Prices Today: Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Solana (SOL)
Source:  Coingape
Date:  Tue, 21 Feb 2023 01:17:18

Crypto Prices Today: Bitcoin and other Altcoins are seeing a slight jump today as Ethereum increases. However, some significant tokens are seeing a decline As of writing, Bitcoin price increased by 1.81% in the last 24 hours.


SOL-Negative News

1. Solana's Helium balloon in danger of popping as collab ‘attracts attention'
Source:  AMBCrypto
Date:  Tue, 21 Feb 2023 03:30:22

As Solana's [SOL] integration with Helium [HNT] inched closer, the hype around both protocols increased. However, the attention being garnered by this event may not be all positive, and here's why.

2. Solana Spaces Initiative To Close Physical Stores, Unveils Big Change
Source:  Bitcoinist
Date:  Tue, 21 Feb 2023 14:22:08

Via an official announcement on their social media account, the founder of Solana Spaces, Vibhu, announced that their physical stores in New York and Miami would close. The decision will come into effect by the end of February 2023.

3. Solana price analysis: SOL obtains bearish momentum at $25.36
Source:  Cryptopolitan
Date:  Tue, 21 Feb 2023 09:49:09

Solana price analysis for February 21, 2023, reveals the market following a partial 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.

AVALANCHE (AVAX)

Current Price:  $ 21.08 (24h Changes: 2.33 % )

Current Market Cap:  $ 6,653,620,157 (24h Changes: 2.27 % )


AVAX-Positive News

1. India-based Game Streaming Company ‘Loco' Introduces a Subnet on Avalanche
Source:  BlockchainReporter
Date:  Tue, 21 Feb 2023 05:23:15

Loco is actively developing a package of Web3-focused products to offer exclusive fan experiences with the use of a custom subnet on Avalanche.

2. This crypto giant offers staking for ADA, Polkadot and Avalanche while investors leave the US due to SEC enforcement 
Source:  CryptoNewsFlash
Date:  Tue, 21 Feb 2023 12:55:29

According to the report, SBI VC Trade would reward Polkadot staking at an annual rate of 13.9 percent.  This will be the highest level in Japan.

3. Extended Rallies for Avalanche, Polygon, Chainlink and Two Additional Assets Incoming, Predicts Top Crypto Analyst
Source:  The Daily Hodl
Date:  Tue, 21 Feb 2023 07:45:10

Popular crypto strategist Michaël van de Poppe is predicting bullish continuations for a handful of altcoins, including Avalanche (AVAX), Polygon (MATIC) and Chainlink (LINK). Van de Poppe tells his 649,000 Twitter followers that he believes the trend for smart contract platform Avalanche is still up, despite its recent pullback.

COSMOS (ATOM)

Current Price:  $ 13.93 (24h Changes: -3.61 % )

Current Market Cap:  $ 4,060,103,250 (24h Changes: -3.15 % )


ATOM-Positive News

1. 3 Cryptocurrencies to Buy in 2023; Cosmos (ATOM), Binance Coin (BNB), and DPA Token (DPAT)
Source:  BlockchainReporter
Date:  Tue, 21 Feb 2023 11:56:37

Looking for the most profitable cryptocurrencies to invest in 2023? This article explores three top digital coins: Cosmos (ATOM), Binance Coin (BNB), and the Direct Property Africa Token (DPAT).


ATOM-Neutral News

1. Cosmos [ATOM]: Institutional investment drowns as traders eye longs, more inside
Source:  AMBCrypto
Date:  Tue, 21 Feb 2023 14:30:33

Cosmos [ATOM], whose objectives centered around an interconnected economy of blockchains, were part of the assets that experienced massive institutional outflows over the previous week.

POLKADOT (DOT)

Current Price:  $ 7.22 (24h Changes: -3.24 % )

Current Market Cap:  $ 8,702,336,127 (24h Changes: -3.26 % )


DOT-Positive News

1. Beginner's Guide To Polkadot – Part 2
Source:  Altcoin Buzz
Date:  Tue, 21 Feb 2023 04:48:02

We covered the basics of the Polkadot ecosystem in the previous article. Polkadot's extraordinary ecosystem framework has disrupted the crypto paradigm.

2. This crypto giant offers staking for ADA, Polkadot and Avalanche while investors leave the US due to SEC enforcement 
Source:  CryptoNewsFlash
Date:  Tue, 21 Feb 2023 12:55:29

According to the report, SBI VC Trade would reward Polkadot staking at an annual rate of 13.9 percent.  This will be the highest level in Japan.

3. Polkadot, Solana Top Crypto For Weekly Price Gains
Source:  Blockworks
Date:  Tue, 21 Feb 2023 09:28:23

Only one top 20 crypto was in the red over the past week, with solana continuing its recovery after the FTX debacle


DOT-Neutral News

1. Will Polkadot [DOT] maintain its double-digit gains? Analyzing
Source:  AMBCrypto
Date:  Tue, 21 Feb 2023 07:30:06

On 20 February, Polkadot Insider tweeted out the Polkadot [DOT] ecosystem's weekly recap, highlighting the updated statistics of the network. As per the tweet, Polkadot's revenue registered an increase over the last week, with the highest number on 18 February.


DOT-Negative News

1. Polkadot price analysis: DOT plunges to $7.31 following a protracted wave of bearishness
Source:  Cryptopolitan
Date:  Tue, 21 Feb 2023 11:57:08

Polkadot price analysis is showing signs of a decline since the price has been moving in a downward direction over the past 24 hours. Although the cryptocurrency was under bullish influence earlier this week, bears have taken control and dragged DOT/USD levels down to $7.31 at the time of writing.