What Happens To L1 Tokens Today? (06 Mar 2023, Monday)

“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:  $ 22,404 (24h Changes: -0.14 % )

Current Market Cap:  $ 432,693,708,411 (24h Changes: -0.18 % )

BTC-Positive News

1. Crypto Market Cap Maintains $1T as Bitcoin Stands Above $22K: Weekend Watch
Source:  CryptoPotato
Date:  Sun, 05 Mar 2023 04:31:58

QNT is among the few altcoins with notable gains in the past 24 hours.

2. Bitcoin NFTs to Hit $4.5B Market Cap
Source:  Blockchain News
Date:  Sun, 05 Mar 2023 12:41:27

Galaxy Digital's research unit predicts that the Bitcoin nonfungible token (NFT) market could reach a $4.5 billion market cap by March 2025 based on conservative estimations. The report also outlines bear and bull case scenarios for the market.

3. Ethereum Altcoin That's Exploded 1,100% This Year Ignores Bitcoin and Crypto Pullback Amid Mounting Hype on AI
Source:  The Daily Hodl
Date:  Sun, 05 Mar 2023 03:30:42

An Ethereum-based altcoin that's been trending hard this year is looking past Bitcoin's (BTC) recent corrective move as the hype surrounding AI intensifies. The blockchain-based markeplace for artificial intelligence services SingularityNET (AGIX) has rallied from $0.04 on January 1st to $0.48 at time of writing, representing a meteoric rise 1,100% in about two months.

BTC-Neutral News

1. Bitcoin Liquidity Unaffected By Silvergate Fiasco, But Market Depth Remains Low
Source:  Benzinga
Date:  Sun, 05 Mar 2023 08:41:16

Despite the ongoing negative news around Silvergate Bank (NYSE: SI), its potential impact on Bitcoin (CRYPTO: BTC) liquidity has not been as significant as many in the market may have anticipated. The recent Silvergate fiasco has not played a strong role in liquidity yet, according to financial data and services firm Kaiko.

2. Yuga Labs' Bitcoin NFT collection TwelveFold to be auctioned Sunday
Source:  The Block
Date:  Sun, 05 Mar 2023 05:15:28

Of the 300 NFTs on offer, 288 will be available for sale. There will be 12 held back for contributors, donations and philanthropic efforts.

3. US bitcoin miner, Riot Platforms, responds to the White House OSTP request for information
Source:  Crypto news
Date:  Sun, 05 Mar 2023 11:11:31

Riot Platforms, a bitcoin (BTC) only mining firm in the United States, has responded to the White House Office of Science and Technology Policy's (OSTP) request for information (RFI) on bitcoin.

BTC-Negative News

1. Bitcoin price faces 'last stand' as weekly close threatens $22K retest
Source:  Cointelegraph
Date:  Sun, 05 Mar 2023 08:55:21

Bitcoin bulls have a lot to do preserve newly-won support, but failure to do so could still see a BTC price cascade below $20,000, research warns.

2. Bitcoin Core Developer Luke Dashjr Calls Out Misleading NFT Auction
Source:  Blockchain News
Date:  Sun, 05 Mar 2023 03:45:40

Bitcoin core developer Luke Dashjr called out an auction site for using his name and code without consent to create and sell a misleading NFT. The NFT, which featured a picture of code Dashjr wrote, was sold for 0.41 Bitcoin or roughly $9,500.

3. THIS Trader believes Bitcoin will CRASH to $10,000
Source:  CryptoTicker
Date:  Sun, 05 Mar 2023 09:45:24

A Twitter user by the name of "Profit Blue" believes Bitcoin will crash to $10,000. Will this realize soon?



Current Price:  $ 1,568.59 (24h Changes: -0.21 % )

Current Market Cap:  $ 188,953,241,769 (24h Changes: -0.21 % )

ETH-Positive News

1. Ethereum Testnet Successfully Upgrades for Upcoming Shanghai Hard Fork
Source:  Blockchain News
Date:  Sun, 05 Mar 2023 03:44:24

Ethereum's Sepolia testnet has undergone a successful upgrade simulating the upcoming Shanghai hard fork expected to take place on the mainnet in March. The upgrade, called "Shapella", allows validators to withdraw their staked Ether and rewards on the execution layer.

2. Coinbase-Backed Ethereum L2 ‘Base' Integrates Chainlink Price Feeds on Its Testnet
Source:  CryptoGlobe
Date:  Sun, 05 Mar 2023 08:54:21

Chainlink has announced exciting news for its followers: the launch of Chainlink Price Feeds on Base testnet, a new Ethereum L2 incubated by Coinbase. On 23 February 2023, Coinbase announced the testnet launch of Base, an Ethereum Layer 2 (L2) blockchain that provides a cost-effective and developer-friendly platform for building decentralized applications (dApps) on-chain.

3. Ethereum price analysis: Bullish momentum holds above $1,571 as ETH eyes $1,600
Source:  Cryptopolitan
Date:  Sun, 05 Mar 2023 11:55:28

The recent Ethereum price analysis shows the ETH token is trading in an ascending trendline in the last few hours, with a daily price increase of 0.34%. ETH is currently trading at $1,571 and could soon break out of the key resistance levels to surge even higher if the bullish momentum continues.

ETH-Neutral News

1. Coinbase Utilizing Ethereum-Based Altcoin in Its New Layer-2 Scaling Platform
Source:  The Daily Hodl
Date:  Sun, 05 Mar 2023 05:15:14

Top US crypto exchange Coinbase is now using price feeds from decentralized oracle network Chainlink (LINK) for its new Ethereum (ETH) layer-2 project called Base. Base is Coinbase's layer-2 network powered by blockchain scaling solution Optimism (OP), and its testnet was launched late last month.

2. $ETH: Why Analysts Don't Expect Withdrawals Post Shanghai Upgrade To Crash Ether Price
Source:  CryptoGlobe
Date:  Sun, 05 Mar 2023 13:10:31

According to recent comments by several prominent crypto analysts, Ethereum's Shanghai (aka “Shapella”) upgrade, which allows for withdrawals of staked ether ($ETH) previously locked, won't significantly affect ETH's price.

3. Large USDT transfer between Tron and Ethereum results in
Source:  AMBCrypto
Date:  Sun, 05 Mar 2023 02:30:06

Tether recently announced plans for a major cross-chain swap that would transfer 1.6 billion USDT from the Tron network to Ethereum.

ETH-Negative News

1. Ethereum (ETH) Has Long Way To Go Before Reaching Bear Market Bottom, Says Crypto Analyst Nicholas Merten
Source:  The Daily Hodl
Date:  Sun, 05 Mar 2023 10:30:03

A widely followed crypto analyst says that Ethereum (ETH) still has much further to drop before it reaches its bear market bottom.

2. ETH Price Prediction: Ethereum Coin Poised For a 4% Jump, But There's a Catch
Source:  Coingape
Date:  Sun, 05 Mar 2023 11:28:49

ETH Price Prediction: Under the influence of a falling channel pattern, the Ethereum coin price has showcased a steady downfall over the past two weeks. During this correction phase, the coin price witnessed an 8.5% loss from the $1715 peak and plunged to the current price of $1570.

3. Voyager Digital dumps 1,449 ETH as the SEC opposes the $1b Binance US takeover deal
Source:  Crypto news
Date:  Sun, 05 Mar 2023 10:27:35

On Mar. 4, Voyager Digital, the bankrupt crypto broker, sold 1,449 ethereum (ETH) via Wintermute, a crypto market maker and a proprietary trading platform, and received 2.25m USDC, a stablecoin.



Current Price:  $ 284.78 (24h Changes: -2.24 % )

Current Market Cap:  $ 44,953,383,150 (24h Changes: -2.31 % )

BNB-Positive News

1. BNB sides with bulls as Binance adopts safety measures to combat DeFi hacks
Source:  AMBCrypto
Date:  Sun, 05 Mar 2023 09:30:58

The world's largest cryptocurrency exchange, Binance was at the center of a sensational $570 million hack in October last year.

BNB-Neutral News

1. Battle of V3s: PancakeSwap and Uniswap to compete on BNB Chain
Source:  AMBCrypto
Date:  Sun, 05 Mar 2023 12:30:33

BNB Chain's leading decentralized finance (DeFi) protocol PancakeSwap [CAKE], has announced that it will be launching its third iteration in the first week of April, marking a significant milestone for the popular decentralized exchange (DEX).

BNB-Negative News

1. BNB Chain hackathon winner accuses Binance of stealing AI-powered NFTs idea
Source:  Cointelegraph
Date:  Sun, 05 Mar 2023 03:05:00

Chatcasso won the first prize in the BNB Chain hackathon for creating an AI-powered tool for creating NFTs and won $5,000 in BUSD, held in Seoul between Dec. 17 to 19, 2022.



Current Price:  $ 0.33 (24h Changes: -2.01 % )

Current Market Cap:  $ 11,700,752,185 (24h Changes: -2.07 % )

ADA-Positive News

1. Cardano: Finalized benchmarking for SECP, Marlowe Runtime scaling strategy and Hydra work scope – Massive update
Source:  CryptoNewsFlash
Date:  Sun, 05 Mar 2023 14:50:01

The team at Cardano has revealed that it is making significant progress, as shown in the milestones attained in its weekly development.  Cardano finalized benchmarking runs and analysis for new SECP primitives, enhanced plutus debugger, amongst other things.

2. Cardano Achieves Major Milestone With First Wrapped BTC Minted on Network
Source:  UToday
Date:  Sun, 05 Mar 2023 05:23:00

The Cardano network has achieved a significant milestone. AnetaBTC says it has successfully minted cBTC, a wrapped form of BTC, on the Cardano network, marking a major step forward for the ecosystem.

3. CNF Brief: 5 of the biggest stories- Ripple, Shiba Inu, Elon Musk involved with Cardano, IOTA and Polygon
Source:  CryptoNewsFlash
Date:  Sun, 05 Mar 2023 10:41:18

Major networks continue to expand and ink strategic deals to help broaden and gain greater adoption in the market.

ADA-Negative News

1. Cardano price analysis: ADA at $0.3383 as bearish momentum persists
Source:  Cryptopolitan
Date:  Sun, 05 Mar 2023 05:15:06

Cardano price analysis shows a bearish trend as ADA/USD has declined by 1.00% in the past 24 hours and is currently trading at $0.3383 on market exchanges. The selling pressure is increasing with prices unable to break above the key resistance at $0.3425.



Current Price:  $ 0.37 (24h Changes: -2.42 % )

Current Market Cap:  $ 18,626,367,345 (24h Changes: -2.46 % )

XRP-Positive News

1. CNF Brief: 5 of the biggest stories- Ripple, Shiba Inu, Elon Musk involved with Cardano, IOTA and Polygon
Source:  CryptoNewsFlash
Date:  Sun, 05 Mar 2023 10:41:18

Major networks continue to expand and ink strategic deals to help broaden and gain greater adoption in the market.

2. Ripple v. SEC court case update as of March 5, 2023
Source:  Finbold
Date:  Sun, 05 Mar 2023 06:50:22

The legal battle between Ripple and the United States Securities and Exchange Commission (SEC) continues to unfold, with both parties making applications that are likely to influence the summary judgment. With the judgment date remaining uncertain, involved players are exuding confidence in emerging victorious.

3. Ripple: Lawyer expects SEC case to end ‘any day, as soon as the end of this month' – XRP price to explode if Ripple labs wins
Source:  CryptoNewsFlash
Date:  Sun, 05 Mar 2023 11:38:42

Ripple's Chief Legal Officer Stuart Alderoty said the current brawl with SEC may end this month.

XRP-Neutral News

1. Ripple Works on Private XRP Ledger for CBDC, Says Ex-Executive
Source:  UToday
Date:  Sun, 05 Mar 2023 06:08:00

Former director of developer relations at Ripple, Matt Hamilton, has revealed that the crypto company is currently working on private versions of the XRP Ledger code for CBDC, the so-called "state cryptocurrencies." At the moment, however, these versions have not been launched as the regulatory framework for CBDC is still under development, says the developer.

2. Ripple CTO Reacts to XRP Fee Hike Proposal
Source:  UToday
Date:  Sun, 05 Mar 2023 04:03:00

The discussion started when Twitter user @Kneteknilch suggested an amendment to increase transaction fees in proportion to the value of transactions to boost XRP's value.

XRP-Negative News

1. Ripple CEO Warns SEC's "Enforcement" Approach May Hurt US Crypto Industry
Source:  Blockchain News
Date:  Sun, 05 Mar 2023 12:30:11

Ripple CEO, Brad Garlinghouse, has suggested that the US Securities and Exchange Commission's (SEC) approach to regulation is putting the US at risk of missing out on being an attractive hub for the next evolution of blockchain and crypto innovation. Garlinghouse noted that the SEC's case against Ripple is the SEC simply playing "offense" and "attacking" the industry as a whole.



Current Price:  $ 20.74 (24h Changes: -2.63 % )

Current Market Cap:  $ 7,923,701,574 (24h Changes: -2.63 % )

SOL-Neutral News

1. Solana Revisits $20 Low, But Could Rise Further
Source:  Coin Idol
Date:  Sun, 05 Mar 2023 06:11:00

Solana (SOL) has strayed below the moving average lines despite a sideways trend.

SOL-Negative News

1. Solana price analysis: SOL remains consistent at $21.21
Source:  Cryptopolitan
Date:  Sun, 05 Mar 2023 07:08:14

Solana price analysis for March 5, 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.

2. Solana CEO Denies Network Outages Caused by On-Chain Voting
Source:  Blockchain News
Date:  Sun, 05 Mar 2023 03:48:40

Solana CEO Anatoly Yakovenko has refuted claims that Solana's network outages were caused by its on-chain voting system clogging its consensus layer. The CEO responded to a Twitter user's claims that the high volume of validator messages and on-chain votes were clogging the network, calling the theory "pure ignorance.



Current Price:  $ 16.17 (24h Changes: -0.75 % )

Current Market Cap:  $ 5,256,412,980 (24h Changes: -0.84 % )

AVAX-Positive News

1. AVAX bulls defended $15.75 support- Is the recovery sustainable?
Source:  AMBCrypto
Date:  Sun, 05 Mar 2023 11:30:41

Since 21 February, Avalanche [AVAX] retraced by 27% after facing price rejection at $21.68. The $15.75 support level has prevented the drop twice.

AVAX-Neutral News

1. Avalanche's [AVAX] key metrics can decline further- Here's why
Source:  AMBCrypto
Date:  Sun, 05 Mar 2023 10:30:00

AVAX Daily, a popular Twitter handle that posts updates related to the Avalanche [AVAX] blockchain, recently published the network's weekly report.

AVAX-Negative News

1. Avalanche price analysis: AVAX hits the depreciated area at $16.39 following a negative run
Source:  Cryptopolitan
Date:  Sun, 05 Mar 2023 13:11:49

Avalanche price analysis for today shows a bearish trend. The value has now dipped below the $16.5 level and is currently trading at $16.39.



Current Price:  $ 2.03 (24h Changes: -1.9 % )

Current Market Cap:  $ 1,758,484,451 (24h Changes: -1.96 % )

NEAR-Positive News

1. NEAR Protocol Partners With Flowcarbon to Help NEAR Ecosystem Become Carbon Negative
Source:  Crypto Reporter
Date:  Sun, 05 Mar 2023 02:02:37

NEAR, the first certified carbon-neutral blockchain, and Flowcarbon, the pioneering climate technology company, announced the launch of a carbon-market ecosystem that will enable carbon credits to be traded on the NEAR network in the form of Flowcarbon's tokenized carbon credits. Through this collaboration with Flowcarbon, NEAR will realize its vision to become a carbon-negative blockchain.



Current Price:  $ 5.95 (24h Changes: -1.11 % )

Current Market Cap:  $ 7,194,211,760 (24h Changes: -1.1 % )

DOT-Negative News

1. Polkadot price analysis: DOT steps down to $6.00 after a sharp decline
Source:  Cryptopolitan
Date:  Sun, 05 Mar 2023 06:15:32

The Polkadot price analysis shows that the cryptocurrency is in a weaker position today, as the market is showing negative sentiment towards the crypto pair. A swing low towards $5.78 was observed as well, but then the price saw a sharp decline which took the token back to the $6.00 level.

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What Happens To Crypto Today?
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