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What Happens To L1 Tokens Today? (01 Feb 2023, Wednesday)

"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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Current Price: $ 23,155 (24h Changes: 1.76 %)

Current Market Cap: $ 446,486,921,236 (24h Changes: 1.84 %)

Positive News

Bitcoin difficulty hits its highest point in over a year: What should miners expect?

Source: AMBCrypto

Date: Tue, 31 Jan 2023 14:30:37

The remarkable ascent of Bitcoin [BTC] has been a topic of critical importance in the broader cryptocurrency community. Not surprisingly, the price increase seen by other coins and tokens followed the king coin's price increase.

As Bitcoin rallies after FTX collapse, 25% of supply is held between $15.5k and $23k

Source: CryptoSlate

Date: Tue, 31 Jan 2023 14:28:17

Definition UTXO Realized Price Distribution (URPD) shows at which prices the current set of Bitcoin UTXOs were created, i.e., each bar shows the number of existing bitcoins that last moved within that specified price bucket.

Lighting network provider Strike expands to Philippines

Source: CryptoSlate

Date: Tue, 31 Jan 2023 14:04:18

Send Globally, a remittance service on Bitcoin Layer 2 scaling solution Strike Lighting Network, will be available in the Philippines starting January 31.

Neutral News

Bitcoin Holds $23K Ahead of Key FOMC Meeting

Source: Coindesk

Date: Tue, 31 Jan 2023 14:00:10

Bitcoin (BTC) is trading above $23,000 as traders await the upcoming Federal Open Market Committee decision on interest rates. Steve Hanke, professor of applied economics at Johns Hopkins University and former senior economist on President Reagan's Council of Economic Advisers, discusses the macro headwinds and recession concerns.

Embattled BTC miner Core Scientific seeking approval for $70M loan from B. Riley

Source: Invezz

Date: Tue, 31 Jan 2023 13:16:31

Publicly traded embattled Bitcoin (BTC/USD) miner Core Scientific (NASDAQ: CORZ) is seeking approval from the Bankruptcy Court for the Southern District of Texas Houston Division for a $70 million loan from investment bank B. Riley.

Bitcoin Price Outlook Ahead of Key Fed Meeting

Source: Coindesk

Date: Tue, 31 Jan 2023 13:00:00

CoinDesk Editor-at-Large Christie Harkin and crypto markets analyst Glenn Williams Jr. share their bitcoin (BTC) outlook ahead of the Federal Open Market Committee (FOMC) meeting next Wednesday.

Negative News

Tesla saw $204m loss with bitcoin last year

Source: Crypto news

Date: Tue, 31 Jan 2023 13:59:43

According to a U.S. Security and Exchange Commission filing, Tesla made a $204 million loss in gross impairment in 2022 for its bitcoin holdings.

Bitcoin miner Greenidge lost $130M in 2022 Q4; restructures debt with NYDIG, B. Riley

Source: CryptoSlate

Date: Tue, 31 Jan 2023 13:47:18

Bitcoin (BTC) mining firm Greenidge said it lost about $130 million during the fourth quarter of 2022 while earning just $15 million, according to a January 31 statement.

Tesla's $140 Million Bitcoin Loss Shows the Risk of Crypto Holdings

Source: Blockchain News

Date: Tue, 31 Jan 2023 12:35:15

Q1 2021 Tesla spent $1.5 billion on Bitcoin.



Current Price: $ 1,593.63 (24h Changes: 2.92 %)

Current Market Cap: $ 192,246,711,661 (24h Changes: 2.81 %)

Positive News

ETH Validator Withdrawals Are One Step Closer as Testnet Goes Live

Source: BeInCrypto

Date: Tue, 31 Jan 2023 14:13:19

Validators can soon test full or partial withdrawals of staked ETH with new testnet.

BREAKING: $10T BlackRock, $1.55T Goldman Sachs to widely expand Bitcoin, ETH and crypto offerings

Source: CryptoNewsFlash

Date: Tue, 31 Jan 2023 13:36:35

BlackRock continues in-house projects in the crypto industry via blockchain technology.

Best cryptos to buy now for February 2023

Source: Invezz

Date: Tue, 31 Jan 2023 13:06:17

Despite what the merchants of doom are predicting, there are still many great investment opportunities out there, especially in a bear market and especially in the crypto presale space.

Neutral News

Ethereum's Supply Nears All Time Low

Source: Trustnodes

Date: Tue, 31 Jan 2023 09:29:47

Ethereum's total supply has contracted by more than 4,500 eth, nearing the highest level of contraction since the frenzy of November 16 sent it to minus 6,000 eth.

Here's Why the Ethereum Price Is Stuck In Make or Break Situation

Source: Coingape

Date: Tue, 31 Jan 2023 07:14:06

The Ethereum price shapes into a cup and handle pattern in the daily time frame chart. During its formation, the coin price displays a U-shaped recovery i.e.

FOMC Meet: Bitcoin (BTC), Ethereum (ETH) In Correction Mode?

Source: Coingape

Date: Tue, 31 Jan 2023 06:59:39

U.S. stock futures were trading in the red on Tuesday in an apparent anticipation of the Fed's rate hike decision. As against the bullish flow the crypto market showed this month, Bitcoin (BTC) and Ethereum (ETH) are currently going through the correction phase.

Negative News

Ethereum Drops Below $1,600; BitDAO, Helium Among Top Losers

Source: Benzinga

Date: Tue, 31 Jan 2023 10:09:20

Bitcoin (CRYPTO: BTC) traded lower this morning, but remained above the key $23,000 level on Tuesday. Ethereum (CRYPTO: ETH) also moved lower, dropping below the $1,600 mark this morning.

Bitcoin, Ethereum Technical Analysis: BTC, ETH Lower, Ahead of Key Week of US Economic Data

Source: Bitcoin

Date: Tue, 31 Jan 2023 08:30:16

Bitcoin fell below $23,000 on Jan. 31, following a recent move to a five-month high over the weekend. Market volatility has since increased, as traders prepare for a big few days of economic data from the United States.

Bitcoin and Ethereum stumble, liquidations skyrocket as crypto market rally hits a wall

Source: Proactive Investors

Date: Tue, 31 Jan 2023 06:37:23

Bitcoin (BTC) displayed some concerningly bearish signals overnight, with the BTC/USDT pair heading below US$23,000 following the biggest daily dip in six weeks. Nearly US$40mln in long-bitcoin liquidations were chalked up in the past 24 hours due to the volatility impacting the market in anticipation of the trio of interest rate announcements from the US, UK and EU in the following two days.



Current Price: $ 313.31 (24h Changes: 2.89 %)

Current Market Cap: $ 42,307,829,569 (24h Changes: 2.68 %)

Positive News

Wormhole Wins Vote to be Uniswap's Designated Bridge to BNB Chain

Source: Coindesk

Date: Tue, 31 Jan 2023 14:05:33

Uniswap aims to deploy its V3 decentralized exchange on BNB Chain before its business source license expires on April 1. LayerZero, a target of recent criticism for under-publicized security risks, finished second in the voting.

BNB: The Rise of a Game-Changing Cryptocurrency

Source: Bitcoinworld

Date: Tue, 31 Jan 2023 13:42:12

BNB: Trading Cryptocurrencies in the Future The most popular cryptocurrency exchange in the world, Binance allows customers to trade a wide range of digital assets. Binance Coin (BNB), one of the most well-known tokens on the platform, has seen a rise in both value and popularity since its initial introduction in 2017.

Top Binance Chain Tokens to Watch In February 2023; Here are Best Picks

Source: Coingape

Date: Tue, 31 Jan 2023 07:55:04

BNB Chain is one of the most popular DeFi ecosystems and the low-cost alternative to Ethereum. There are now 1000+ projects and tokens deployed on the platform, and selecting the best can be a little overwhelming.

Neutral News

Is it Too Late to Buy Binance Coin? Crypto Analysts Give Their BNB Price Predictions

Source: Cryptonews

Date: Tue, 31 Jan 2023 09:25:00

After Monday's more than 3.0% dip, the second largest so far this month, Binance Coin (BNB) is back on the front foot. BNB/USD was last changing hands about 1.5% higher on the day on Tuesday, having recovered back to the north of the $310 level after finding support at its 21-Day Simple Moving Average (SMA) just above the $300 level.

Uniswap on BNB Chain: Wormhole wins bridge selection vote

Source: The Block

Date: Tue, 31 Jan 2023 06:59:33

Uniswap's proposed deployment on BNB Chain took a slight detour as the DAO had to vote to select a single crypto bridge provider.



Current Price: $ 0.39 (24h Changes: 6.09 %)

Current Market Cap: $ 13,786,346,092 (24h Changes: 5.95 %)

Positive News

ADA backed stablecoin Djed launched on Cardano

Source: Crypto news

Date: Tue, 31 Jan 2023 13:10:40

Djed, the overcollateralized stablecoin on Cardano, is now live on the mainnet after more than a year of development, planning and completing a successful security audit.

Cardano's New Algorithmic Stablecoin DJED

Source: Blockchain News

Date: Tue, 31 Jan 2023 12:40:35

ADA, Cardano's native token, backs the algorithmic stablecoin, which is tied 1:1 to the US dollar.

Cardano's Djed Stablecoin Hits Official Release

Source: Dailycoin

Date: Tue, 31 Jan 2023 11:40:21

COTI has announced the launch of Cardano's Djed stablecoin on January 31st, 2023 - right on schedule.

Neutral News

Cardano or Polygon: Which Blockchain is BETTER?

Source: CryptoTicker

Date: Tue, 31 Jan 2023 12:59:26

When it comes to cryptos, which blockchain is better, Cardano or Polygon? In this article, we will provide an introduction to decentralized platforms.

Cardano's New Algorithmic Stablecoin DJED Faces Same Fate As Terra Luna's UST?

Source: Coingape

Date: Tue, 31 Jan 2023 12:04:39

This next week will see the release of DJED, the flagship native overcollateralized stablecoin for the Cardano network. New information regarding the debut was revealed by COTI, which is a layer 1 blockchain network.

Cardano (ADA): Djed's Shen Token Can No Longer Be Minted

Source: UToday

Date: Tue, 31 Jan 2023 11:58:00

COTI CTO Shahaf Bar-Geffen announced today that the minting of the Shen (SHEN) coin has come to an end as the platform has reached 800% over collateral for the Djed (DJED) stablecoin.

Negative News

Cardano price analysis: ADA struggles at $0.3839 as downtrend persists

Source: Cryptopolitan

Date: Tue, 31 Jan 2023 10:50:53

The recent Cardano price analysis shows a bearish market with the price struggling to stay above $0.3854 and facing strong resistance from sellers. The downtrend is likely to persist in the short term, as the price has failed to break this resistance level.



Current Price: $ 0.41 (24h Changes: 3.68 %)

Current Market Cap: $ 20,886,955,955 (24h Changes: 3.44 %)

Positive News

Ripple Working With Central Bank of Montenegro on New Digital Currency Pilot Program, According to Prime Minister

Source: The Daily Hodl

Date: Tue, 31 Jan 2023 12:55:07

San Francisco payments company Ripple is teaming up with the Central Bank of Montenegro to work on a novel digital currency pilot program. Montenegro Prime Minister Dr. Dritan Abazovic says that his country's central bank has launched a pilot project with Ripple to build the first digital currency or stablecoin for the country. Dr.

LBRY Judge Limits SEC Oversight of Secondary Crypto Markets, Ripple Could Benefit

Source: BeInCrypto

Date: Tue, 31 Jan 2023 12:00:00

A judge denies an SEC injunction to have oversight over secondary crypto markets.

Machine learning algorithm sets XRP price for February 28, 2023

Source: Finbold

Date: Tue, 31 Jan 2023 10:24:38

The conclusion of the highly publicized dispute between Ripple Labs and the United States Securities and Exchange Commission (SEC) is drawing near, and investors are expecting that a positive verdict in the case against the financial regulator will have a substantial bullish influence on the price of XRP in the near future. 

Neutral News

Ripple sold $226,31M XRP and the EVM launched that DeFi applications like Uniswap and Aave can run on XRPL

Source: CryptoNewsFlash

Date: Tue, 31 Jan 2023 08:32:15

Ripple said its sales of XRP slowed in its latest Q4 market report.

Montenegro Central Bank Teams Up with Ripple to Develop CBDC

Source: Coinspeaker

Date: Tue, 31 Jan 2023 07:15:00

Ripple and Montenegro's Central Bank agreed on developing a pilot project for a national digital currency. However, the specifics of the upcoming project are not yet known. 

Ripple Sold $226 Million Worth of XRP in Q4, Here Are Other Key Insights

Source: UToday

Date: Tue, 31 Jan 2023 04:29:00

Crypto company Ripple, which specializes in cross-border money transfers, has reported its fourth quarter 2022 results. Ripple's report included not only key metrics describing the company's direct operations, but also a performance review of XRPL, the decentralized blockchain ecosystem used by the company.

Negative News

XRP Price Dump Alert? Whales Caught Moving Mlns Of XRP

Source: Coingape

Date: Tue, 31 Jan 2023 10:52:14

XRP Price News: Amid the crypto winter and the Ripple lawsuit saga, XRP is slowly losing its momentum. However, the latest whale data depicts that whales are ready to dump.

Ripple Is In The Bearish Trend Zone While Challenging The High At $0.40

Source: Coin Idol

Date: Tue, 31 Jan 2023 05:52:00

Ripple (XRP) is hitting resistance at $0.43 and moving into the bearish zone.



Current Price: $ 24.11 (24h Changes: 2.41 %)

Current Market Cap: $ 8,965,397,502 (24h Changes: 2.26 %)

Positive News

Kin Foundation Launches 'Kinetic', A Low-Code Solana On-ramp Tool

Source: Crypto Daily

Date: Tue, 31 Jan 2023 14:00:00

The Kin Foundation, the blockchain development group behind Kin Labs and the Kin Ecosystem, has announced the launch of Kinetic, its flagship middleware (integration ramp/tool) that's built off of the Solana ecosystem. Kinetic can be described as a "no-code" app that would help developers (yup, even those without prior extensive experience) to "easily integrate cryptocurrency use cases" into apps, effectively creating Web3 experiences across a widening ecosystem.

5 altcoins that produced double-digit gains as Bitcoin price rallied in January

Source: Cointelegraph

Date: Tue, 31 Jan 2023 13:09:23

Bitcoin's strong monthly performance translated to outsized gains in APT, GALA, T, MANA and SOL, making them the top performing altcoins in January.

Kin Foundation debuts Solana-based on-ramp tool for app developers

Source: The Block

Date: Tue, 31 Jan 2023 08:05:20

The Kin Foundation has announced the launch of a Solana-based on-ramp for app developers that requires minimal coding called Kinetic.

Negative News

Solana (SOL) Price Slides After DeFi Project Shuts Down

Source: BeInCrypto

Date: Tue, 31 Jan 2023 11:00:00

The Solana outlook is bearish unless the price manages to break out from its descending resistance line.

Solana (SOL) Fall Might Be Stirred by Jump Trading, Here's How

Source: UToday

Date: Tue, 31 Jan 2023 09:59:00

Many digital currencies are consolidating their prices in order to end the first month of the year with a relatively higher growth rate. In the case of Solana (SOL), the cryptocurrency is trading at a price of $23.78, down 1.42% over the past 24 hours and by 2.98% in the past week to trail the general trend in the broader ecosystem.



Current Price: $ 20.0 (24h Changes: -0.74 %)

Current Market Cap: $ 6,301,845,764 (24h Changes: -0.58 %)

Positive News

Intain Launches Avalanche Subnet For Multi-Trillion Dollar Securitized Finance Market

Source: Coincu

Date: Tue, 31 Jan 2023 13:04:05

Key Points: The platform for structured finance and administration Intain has established an Avalanche subnet for the on-chain issuance and trade of asset-backed securities. IntainMarkets is seeking to simplify the complex structure of financial instruments, making them more transparent, secure, and cost-effective.

Avalanche network records 3.4% growth in Q4 2022

Source: CryptoSlate

Date: Tue, 31 Jan 2023 12:00:19

The Avalanche (AVAX) network remained intact and continued its growth through the fourth quarter of 2022, according to recent research from Messari.

Intain launches Avalanche subnet for asset-backed securities

Source: The Block

Date: Tue, 31 Jan 2023 10:00:36

Intain chose to build its platform on an Avalanche subnet for its customizability and so it doesn't have to rely on the economics of a different blockchain.

Neutral News

Avalanche: Can this P-Chain update save AVAX from the bears? 

Source: AMBCrypto

Date: Tue, 31 Jan 2023 11:30:53

Avalanche [AVAX] made a major announcement that increased the offerings and capabilities of the blockchain. For Avalanche's P-Chain, Ava Labs has introduced a new explorer that offers deeper visibility into all P-Chain activity, from staking to granular transaction details.

Negative News

Avalanche price analysis: Bearish momentum drags AVAX below $20.00  mark

Source: Cryptopolitan

Date: Tue, 31 Jan 2023 14:34:44

Avalanche price analysis reveals the bearish momentum in the AVAX market, with prices falling below $20.00 as of today's trading session. The bulls have also been observed making their efforts for recovery, yet today's trends have been in the favor of bears trying to go down to $19.

These Altcoins Might Drop More Than 10% in Coming Week!

Source: CoinPedia

Date: Tue, 31 Jan 2023 01:09:11

At the start of trading today, the cryptocurrency market experienced a sharp decline. The value of the two largest cryptocurrencies, Bitcoin and Ethereum, both dropped by around 2% in a matter of hours, wiping out their earlier gains.



Current Price: $ 2.34 (24h Changes: 2.78 %)

Current Market Cap: $ 1,999,938,265 (24h Changes: 2.47 %)

Positive News

NEAR: Troubled waters of Q4 2022 bear fruit – Protocol records all-time high

Source: AMBCrypto

Date: Tue, 31 Jan 2023 12:30:35

In its assessment of NEAR Protocol's [NEAR] performance in Q4 2022, cryptocurrency research firm Messari found that the network experienced a surge in user activity in the last three months of the tumultuous trading year.



Current Price: $ 13.35 (24h Changes: 3.18 %)

Current Market Cap: $ 3,910,975,500 (24h Changes: 2.81 %)

Positive News

Cosmos Price Soars by 40 Percent as Crypto Market Conditions Improve

Source: InvestingCube

Date: Tue, 31 Jan 2023 06:49:58

The Cosmos Price has surged by 40 percent YTD, reversing a trend that had seen its value drop by almost 50 percent in the previous two months

Negative News

These Altcoins Might Drop More Than 10% in Coming Week!

Source: CoinPedia

Date: Tue, 31 Jan 2023 01:09:11

At the start of trading today, the cryptocurrency market experienced a sharp decline. The value of the two largest cryptocurrencies, Bitcoin and Ethereum, both dropped by around 2% in a matter of hours, wiping out their earlier gains.



Current Price: $ 6.3 (24h Changes: 3.08 %)

Current Market Cap: $ 7,557,311,147 (24h Changes: 2.89 %)

Neutral News

Crypto: Bitcoin, Ethereum, Polkadot Price Analyses

Source: The Cryptonomist

Date: Tue, 31 Jan 2023 04:54:13

The Fear and Greed Index is 51 Neutral and is -10 from Monday's reading of 61 Greed

Negative News

Polkadot: Despite several updates in the past week, why did DOT fail to impress

Source: AMBCrypto

Date: Tue, 31 Jan 2023 03:30:57

Polkadot [DOT] published the latest edition of Polkadot Ecosystem Weekly Digest on 30 January, which highlighted all the notable developments that took place on its ecosystem over the last seven days.


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What Happens To Crypto Today?
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