What Happens To L1 Tokens Today? (06 Oct 2022, Thursday)

What Happens To L1 Tokens Today? (06 Oct 2022, Thursday)


"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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Interested in our product? It's available for free here -> Coin Metrics Crypto News Sentiment Analytics

 

BITCOIN (BTC)

Current Price: $ 20,216 (24h Changes: 0.58 %)

Current Market Cap: $ 388,227,268,617 (24h Changes: 0.33 %)

Positive News

Twitter to enable Bitcoin, Solana, XRP and other crypto payments option after successful deal

Source: CryptoNewsFlash

Date: Wed, 05 Oct 2022 15:53:59

Elon Musk is set to move forward with the deal to buy Twitter for his original agreed-upon price of $54.20 after several months of legal drama with the social media platform.

A 10-Year Macro Tailwind: The Long-Term Bull Case for Bitcoin (Opinion)

Source: CryptoPotato

Date: Wed, 05 Oct 2022 15:15:19

Bitcoin has traded range-bound for over a quarter now. Hovering between key support and resistance around the important $20,000 level, investors would like to know what's next, a rally or another sell-off?

Will bulls take charge now that Bitcoin price trades above a long term trendline resistance?

Source: Cointelegraph

Date: Wed, 05 Oct 2022 15:00:26

Bitcoin bulls celebrated BTC's push through a long term trendline resistance, but has anything actually changed?

Neutral News

These Bitcoin observations suggest that a range change might be

Source: AMBCrypto

Date: Wed, 05 Oct 2022 15:30:07

Bitcoin [BTC] is back above $20,000 once again but this time there is a notable lack of enthusiasm about it. This is because the cryptocurrency had been bouncing back and forth between the $17,000 to $22,000 range.

Here's When Institutional Investors Will Flock into Bitcoin Market

Source: CoinPedia

Date: Wed, 05 Oct 2022 14:12:59

Retail investors are suffering as a result of the latest development in the cryptocurrency market , which started on September 13 when the US Federal Reserve released the CPI report. Bitcoin and other cryptocurrencies have been affected by the recent announcement that the Fed interest rate has increased by 75 basis points.

Grayscale Takes Over Key Role for Bitcoin Trust from Genesis; UN Agency Recession Risk Warning

Source: Coindesk

Date: Wed, 05 Oct 2022 14:00:08

A United Nations agency said Monday the Fed and other central banks risk pushing the global economy into recession if officials keep raising interest rates. Plus, Grayscale Investments, which offers the world's biggest bitcoin (BTC) trust, is bringing a key administrative role for all of its products in-house through a newly created broker-dealer unit.

Negative News

Terra's Do Kwon denies frozen bitcoin, and crypto's $4B money laundering problem: CNBC Crypto World

Source: CNBC Television

Date: Wed, 05 Oct 2022 15:08:44

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Bitwise CIO Matt Hougan explains the crypto asset manager's new web3-focused ETF.

Why Bitcoin Miner Revenues Are The Biggest Bear Market Loser

Source: Bitcoinist

Date: Wed, 05 Oct 2022 15:00:42

Data shows the Bitcoin miner revenues have plunged down by around 81% since the October peak, here's why. Bitcoin Miner Revenues Have Lost Big During Bear Market According to the latest weekly report from Arcane Research, the BTC miners' hashprice is now just down to $0.077 per TH/s.

Bitcoin Billionaire Michael Saylor Gets Into Twitter Spat with Gold Bug Peter Schiff

Source: Cryptonews

Date: Wed, 05 Oct 2022 14:00:00

Bitcoin (BTC) bull and former IT firm MicroStrategy CEO Michael Saylor got into a bit of an argument with the arch-bitcoin skeptic Peter Schiff on Twitter on Monday over the former's support for the world's number one crypto.  

 

ETHEREUM (ETH)

Current Price: $ 1,350.83 (24h Changes: -0.29 %)

Current Market Cap: $ 163,269,968,705 (24h Changes: -0.26 %)

Positive News

Bitcoin, Ethereum and Altcoins Are About To Outperform Most Major Asset Classes, According to Bloomberg Analysts

Source: The Daily Hodl

Date: Wed, 05 Oct 2022 14:05:41

Commodity analysts from Bloomberg say that crypto assets are gearing up to outperform the rest of the financial markets.

Leading Asset Manager Fidelity Introduces $5 Million Ethereum Index Fund

Source: CryptoPotato

Date: Wed, 05 Oct 2022 13:07:48

Ever since the first sales began on September 26, Fidelity Ethereum Index Fund raised about $5 million.

Institutional Investors Bought Nearly $1 Billion Bitcoin and ETH in Two Weeks

Source: Trustnodes

Date: Wed, 05 Oct 2022 10:24:03

Institutional investors have had one of the most active period in two years. Are they front-running?

Neutral News

$4,500,000,000,000 Asset Management Giant Fidelity Begins Sales for New Ethereum (ETH) Index Fund

Source: The Daily Hodl

Date: Wed, 05 Oct 2022 15:00:26

One of the largest financial services giants in the world has begun offering exposure to Ethereum through a new ETH index fund. According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Fidelity, a firm with over $4.

Ethereum Towers NFT Apartments Announces Live Minting

Source: Benzinga

Date: Wed, 05 Oct 2022 14:47:04

Ethereum Towers, a community-centric, vertical megastructure consisting of 4,388 NFT apartments set in the upcoming Ethereum Worlds Metaverse, on Wednesday announced the launch of its next apartment NFT mint on NFT marketplace OpenSea. Social Platform Built For Non-Gamers: Ethereum Towers is a social platform for non-gamers who appreciate the creativity of the metaverse without its complexity.

Ethereum (ETH), The Hideaways (HDWY) & Polygon (MATIC) Price Predictions By Top Analysts

Source: Crypto Daily

Date: Wed, 05 Oct 2022 11:00:00

Ethereum (ETH) price and Polygon (MATIC) prices have been rocketing in the past few days. However, happy investors that are regular readers at Bitcoinist are up 450% since first mentioning The Hideaways.

Negative News

7 Crypto Charts That Smart Investors Should Pay Attention To

Source: Investorplace

Date: Wed, 05 Oct 2022 13:40:39

These are seven cryptos to watch that savvy investors would be wise to avoid. The hype just may not be able to turn into sustained rallies.

Regulatory Scrutiny Threatens Ethereum's Rise, Will It Succumb Under Pressure?

Source: NewsBTC

Date: Wed, 05 Oct 2022 13:00:47

Ethereum has been seeing increased regulatory scrutiny in recent months. This comes following the network's move to a proof of stake mechanism and the introduction of staking to the others.

Is Ethereum still BULLISH? The Answer might NOT Shock you!

Source: CryptoTicker

Date: Wed, 05 Oct 2022 12:06:59

Ethereum price failed to increase.

 

BINANCE (BNB)

Current Price: $ 293.0 (24h Changes: -1.2 %)

Current Market Cap: $ 47,862,392,754 (24h Changes: -1.32 %)

Positive News

Biggest Crypto Gainers Today 5 October – DOGE, BCH, GMX, BNB, XRP

Source: Cryptonews

Date: Wed, 05 Oct 2022 13:00:00

The crypto market surpassed the $1 trillion capitalization mark yesterday. Although it has slipped below the price peg, the broader crypto market appears to be consolidating. Several assets are very attractive today. In this article, we'll consider the biggest crypto gainers. 

Neutral News

BNB and BUSD holders, this Binance announcement can affect

Source: AMBCrypto

Date: Wed, 05 Oct 2022 05:30:20

Binance made a major expansion and partnership-related announcements recently. On 3 October, Binance announced that it signed a memorandum of understanding (MoU) with the Financial Monitoring Agency of Kazakhstan.

A-Z of how the BNB Chain fared in September

Source: AMBCrypto

Date: Wed, 05 Oct 2022 03:30:55

BNB Chain, home to leading decentralized exchanges PancakeSwap and Venus Protocol, closed Q3 with growth in some of its ecosystem metrics. According to the decentralized finance (DeFi) analytics platform AnalytEx, BNB Chain recorded growth in its number of daily transactions.

BNB Coin Prediction: What is the Binance Coin Forecast for 2035?

Source: CryptoTicker

Date: Wed, 05 Oct 2022 02:15:46

This article is all about what is the Binance Coin forecast for 2035. Let's take a look at it in more detail.

 

CARDANO (ADA)

Current Price: $ 0.43 (24h Changes: -0.65 %)

Current Market Cap: $ 14,606,881,031 (24h Changes: -0.6 %)

Positive News

Leading Cardano DEX Just Performed Major Upgrade

Source: UToday

Date: Wed, 05 Oct 2022 15:23:00

MuesliSwap, the first decentralized exchange on the Cardano blockchain, has dramatically improved its efficiency with a new upgrade

Why Is Nobody Talking About Cardano's Big Upgrade?

Source: The Motley Fool

Date: Wed, 05 Oct 2022 11:59:20

Investors may be overlooking new signs of growth in the Cardano ecosystem.

Cardano (ADA) to help millions of local African developers to offer an affordable lease-to-own option for eco-homes

Source: CryptoNewsFlash

Date: Wed, 05 Oct 2022 08:21:52

The Cardano-based platform offers affordable eco-friendly homes for Africans in a lease-to-own system.

Neutral News

Looking for a New Crypto Opportunity? Buy This

Source: The Motley Fool

Date: Wed, 05 Oct 2022 07:45:00

This popular digital asset warrants some serious consideration from investors.

Negative News

7 Crypto Charts That Smart Investors Should Pay Attention To

Source: Investorplace

Date: Wed, 05 Oct 2022 13:40:39

These are seven cryptos to watch that savvy investors would be wise to avoid. The hype just may not be able to turn into sustained rallies.

Cardano Continues Its Range-Bound Movement As It Faces Further Rejection

Source: Coin Idol

Date: Wed, 05 Oct 2022 08:09:00

The price of Cardano (ADA) continues to move in the range of the downtrend. Buyers have been trying to push the altcoin higher since October 3.

Here's Why Cardano Is Stuck In Rut – Will ADA Price Surge Above $0.6 in October?

Source: CoinPedia

Date: Wed, 05 Oct 2022 02:35:38

Despite having lost 86.2% of its previous peak of $3.09, Cardano is still the eighth-largest cryptocurrency by market capitalization. The $1 trading price is still a major obstacle for Cardano. Even after upgrades and developments, the price of Cardano continues to be low and does not appear to be doing much to support its growth.

 

RIPPLE (XRP)

Current Price: $ 0.5 (24h Changes: 3.02 %)

Current Market Cap: $ 24,753,680,267 (24h Changes: 2.67 %)

Positive News

Twitter to enable Bitcoin, Solana, XRP and other crypto payments option after successful deal

Source: CryptoNewsFlash

Date: Wed, 05 Oct 2022 15:53:59

Elon Musk is set to move forward with the deal to buy Twitter for his original agreed-upon price of $54.20 after several months of legal drama with the social media platform.

XRP Price Could Get A 23% Boost From This Bullish Formation Breakout

Source: NewsBTC

Date: Wed, 05 Oct 2022 15:15:09

XRP is looking good, as Ripple once again scores a procedural victory in its lawsuit battle against the U.S. Securities and Exchange Commission (SEC) that has been ongoing for almost two years now. XRP gains another key victory in its ongoing legal battle with SEC Altcoin is up by 8.5% for the past seven days XRP on its way to the $0.52 resistance level On September 29, a ruling for the release of emails and other correspondence authored by William Hinman, former SEC Corporation Finance Division Director, was ordered by a U.S. District Court Judge.

XRP Chills About Support And Aims Higher, Will It Breach $0.5?

Source: NewsBTC

Date: Wed, 05 Oct 2022 13:39:51

The crypto market is bouncing from daily support levels with XRP outperforming larger cryptocurrencies, such as Bitcoin and Ethereum. This token has been trending to the upside and moving against the tide even when conditions were unfavorable on small timeframes.

Neutral News

Ripple Grows into Second Largest Arab Economy via UK-Based 3s Money Club

Source: UToday

Date: Wed, 05 Oct 2022 07:55:00

Persian Gulf remains key region for cross-border payments industry

Popular US Music Producer: “The Entire World” Will Adopt $XRP

Source: Bitcoinworld

Date: Wed, 05 Oct 2022 03:04:53

The “entire world,” according to E. Smitty, the founder and CEO of Sound Alive Records, will adopt the $XRP token because it is a cryptocurrency with quick settlement times and low transaction costs.

Negative News

SEC Seemingly Fears Ripple's ‘Gigantic Win' In XRP Suit, Takes Shot At Firms Supporting Ripple

Source: Zycrypto

Date: Wed, 05 Oct 2022 14:26:05

The U.S. Securities and Exchange Commission (SEC) has opposed efforts by two firms to submit amici briefs to court in support of Ripple in the drawn-out $1.3bn XRP securities lawsuit.

7 Crypto Charts That Smart Investors Should Pay Attention To

Source: Investorplace

Date: Wed, 05 Oct 2022 13:40:39

These are seven cryptos to watch that savvy investors would be wise to avoid. The hype just may not be able to turn into sustained rallies.

SEC opposes third parties seeking to prove utility of Ripple blockchain

Source: CryptoSlate

Date: Wed, 05 Oct 2022 08:57:16

The United States Securities and Exchange Commission (SEC) has filed a motion to oppose two firms seeking to present evidence in support of Ripple in the ongoing SEC vs. The post SEC opposes third parties seeking to prove utility of Ripple blockchain appeared first on CryptoSlate.

 

SOLANA (SOL)

Current Price: $ 33.95 (24h Changes: -0.53 %)

Current Market Cap: $ 12,076,885,272 (24h Changes: -0.68 %)

Positive News

Twitter to enable Bitcoin, Solana, XRP and other crypto payments option after successful deal

Source: CryptoNewsFlash

Date: Wed, 05 Oct 2022 15:53:59

Elon Musk is set to move forward with the deal to buy Twitter for his original agreed-upon price of $54.20 after several months of legal drama with the social media platform.

Solana Spikes 4% After Recent Recurring Glitches – A Little Shine For SOL?

Source: NewsBTC

Date: Wed, 05 Oct 2022 13:05:56

There has been some criticism about Solana since it was established in March of 2020. Through a thread he created, Cyber Capital founder Justin Bons exposed the network's recent “anomalies.

Solana's (SOL) DeFi Protocols Raise $40 Million In Q3

Source: Dailycoin

Date: Wed, 05 Oct 2022 11:30:17

DeFi protocols get attention from institutional investors.

Neutral News

Next generation mainnet project NvirWorld signs MOU with “high-performance” blockchain Solana

Source: Crypto Daily

Date: Wed, 05 Oct 2022 06:21:40

Singapore, singapore, 5th October, 2022, Chainwire NvirWorld, a blockchain company with platforms such as NFT marketplace Nvir Market and decentralized finance (DeFi) service N-Hub, announced the MOU with the Solana Foundation. NvirWorld signed an MOU with the Solana Foundation on September 23, agreed on long-term strategic cooperation aimed to support and promote the development of NvirWorld's projects built on the Solana blockchain.

Earn Passive Income With Oryen (ORY), Avalanche (AVAX), Solana (SOL), Evergrow (EGC) And Hydra (HYDRA)

Source: Crypto Daily

Date: Wed, 05 Oct 2022 05:00:00

People who cannot create passive income streams will never be truly wealthy. Wealthy people have their money working for them twenty-four hours a day.

Solana holders need to know this before they decide to cut losses

Source: AMBCrypto

Date: Wed, 05 Oct 2022 00:30:00

Solana's [SOL] probation period may be up if the team behind the project does nothing to solve its recurring challenges. Recall that Solana had been the victim of several exploits, and network issues, with some occurring repeatedly between June and September 2022.

Negative News

7 Crypto Charts That Smart Investors Should Pay Attention To

Source: Investorplace

Date: Wed, 05 Oct 2022 13:40:39

These are seven cryptos to watch that savvy investors would be wise to avoid. The hype just may not be able to turn into sustained rallies.

 

AVALANCHE (AVAX)

Current Price: $ 17.23 (24h Changes: -1.07 %)

Current Market Cap: $ 5,107,621,499 (24h Changes: -1.02 %)

Neutral News

THORChain Integrates with Avalanche to Advance Multichain Interoperability

Source: Crypto Reporter

Date: Wed, 05 Oct 2022 06:36:02

THORChain, a non-custodial decentralized liquidity protocol that enables decentralized exchanges (DEXs) and users to seamlessly transfer their digital assets across blockchains, has integrated support for Avalanche, the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality. Avalanche is a pioneer in the decentralized finance (DeFi) industry, with over ~$1.

Earn Passive Income With Oryen (ORY), Avalanche (AVAX), Solana (SOL), Evergrow (EGC) And Hydra (HYDRA)

Source: Crypto Daily

Date: Wed, 05 Oct 2022 05:00:00

People who cannot create passive income streams will never be truly wealthy. Wealthy people have their money working for them twenty-four hours a day.

Negative News

Avalanche price analysis: AVAX/USD bearish as price slips to $17.05

Source: Cryptopolitan

Date: Wed, 05 Oct 2022 11:15:31

Avalanche price analysis shows that the trend is still bearish as the price experiences a downfall to $17.05. Avalanche was previously trading at around $17.52 but has now sought support at around $17.01.

 

The thumbnail image of this article was taken from Unsplash, and granted the free rights to use under the Unsplash License by GuerrillaBuzz Blockchain PR Agency

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quantdoge
quantdoge

Data scientist in crypto and blockchain space.


What Happens To Crypto Today?
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