What Happens To L1 Tokens Today? (07 Jan 2023, Saturday)


"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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BITCOIN (BTC)

Current Price: $ 16,994.53 (24h Changes: 0.95 %)

Current Market Cap: $ 327,733,708,587 (24h Changes: 0.8 %)

Positive News

Trader Who Sold Bitcoin at the Top Says Ethereum Is Showing Remarkable Strength Against BTC

Source: The Daily Hodl

Date: Fri, 06 Jan 2023 14:41:00

A popular crypto strategist known for selling Bitcoin (BTC) at its peak says Ethereum (ETH) is showing unprecedented strength against the king crypto. Pseudonymous analyst DonAlt tells his 449,100 Twitter followers that the smart contract platform is dominating other altcoins in its price ratio with BTC.

Morgan Stanley Now Holds Bitcoin

Source: Trustnodes

Date: Fri, 06 Jan 2023 11:29:22

Morgan Stanley, one of the world's biggest investment bank with $6.5 trillion in assets under management, holds bitcoin on behalf of their fund customers.

Bitcoin, ether steady, as crypto stocks continue downtrend with Silvergate shedding 10%

Source: The Block

Date: Fri, 06 Jan 2023 10:49:47

Bitcoin and ether continue to be largely unaffected by the plethora of news in crypto this week. Crypto-related stocks continue to trade down. The post Bitcoin, ether steady, as crypto stocks continue downtrend with Silvergate shedding 10% appeared first on The Block.

Neutral News

Price analysis 1/6: BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT, LTC, UNI

Source: Cointelegraph

Date: Fri, 06 Jan 2023 14:46:36

A rally in equities markets is providing support to BTC and altcoins, but bulls will likely struggle in keeping the momentum needed to turn overhead resistance levels to support.

Bitcoin Exchange Depositing Transactions At 4-Year Low, Bottom Signal?

Source: NewsBTC

Date: Fri, 06 Jan 2023 14:00:37

On-chain data shows the Bitcoin exchange depositing transactions are now at a 4-year low, indicating that the bottom may be here. Bitcoin 30-Day MA Exchange Depositing Transactions Have Declined As pointed out by an analyst in a CryptoQuant post, the metric's current levels are the same as in Q1 2019.

Bitcoin Price Analysis: Given Below 16880 - 7 January 2023

Source: Crypto Daily

Date: Fri, 06 Jan 2023 11:00:00

BTC/USD Given Below 16880:  Sally Ho's Technical Analysis – 7 January 2023 Bitcoin (BTC/USD) encountered additional volatility early in the Asian session as the pair continued to trade below the 17000 figure after recently peaking around the 16988 level, its strongest print since 20 December.   Traders lifted BTC/USD higher to the 16809.30 level, representing a test of the 50-hour simple moving average, and then BTC/USD retreated lower to the 16670.82 area, representing a test of the 200-hour simple moving average.

Negative News

Bitcoin: This data clarifies whether investors should remain in fear or go all in

Source: AMBCrypto

Date: Fri, 06 Jan 2023 14:30:44

The antics of Bitcoin [BTC] over the last few months have been swindled in unpredictability, leading many investors torn between aping into “opportunities” or anticipating another nosedive. In light of all this, the Bitcoin fear and greed index still showed that there was still extreme fear in the market.

Brother of Criminal Bitcoin Mixing CEO Pleads Guilty to Stealing 712 Bitcoins From IRS

Source: Coindesk

Date: Fri, 06 Jan 2023 14:02:20

Gary Harmon, brother of Helix CEO Larry Harmon, stole his brother's forfeited crypto right out from under the IRS's nose, and spent it extravagantly.

Research: Implied volatility shows only sideways movements for Bitcoin

Source: CryptoSlate

Date: Fri, 06 Jan 2023 13:44:17

The crypto derivatives market has grown so big in the past few years that it can be used as an indicator of future price movements. The post Research: Implied volatility shows only sideways movements for Bitcoin appeared first on CryptoSlate.

 

ETHEREUM (ETH)

Current Price: $ 1,271.81 (24h Changes: 1.64 %)

Current Market Cap: $ 153,500,705,951 (24h Changes: 1.5 %)

Positive News

Trader Who Sold Bitcoin at the Top Says Ethereum Is Showing Remarkable Strength Against BTC

Source: The Daily Hodl

Date: Fri, 06 Jan 2023 14:41:00

A popular crypto strategist known for selling Bitcoin (BTC) at its peak says Ethereum (ETH) is showing unprecedented strength against the king crypto. Pseudonymous analyst DonAlt tells his 449,100 Twitter followers that the smart contract platform is dominating other altcoins in its price ratio with BTC.

Ethereum's Shanghai upgrade could supercharge liquid staking derivatives — Here's how

Source: Cointelegraph

Date: Fri, 06 Jan 2023 12:15:00

Traders are contemplating what will happen to ETH price and staked Ether derivatives after the next network upgrade opens withdrawals for stakers.

Bitcoin, ether steady, as crypto stocks continue downtrend with Silvergate shedding 10%

Source: The Block

Date: Fri, 06 Jan 2023 10:49:47

Bitcoin and ether continue to be largely unaffected by the plethora of news in crypto this week. Crypto-related stocks continue to trade down. The post Bitcoin, ether steady, as crypto stocks continue downtrend with Silvergate shedding 10% appeared first on The Block.

Neutral News

Price analysis 1/6: BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT, LTC, UNI

Source: Cointelegraph

Date: Fri, 06 Jan 2023 14:46:36

A rally in equities markets is providing support to BTC and altcoins, but bulls will likely struggle in keeping the momentum needed to turn overhead resistance levels to support.

Going short on Ethereum in 2023? Here's what you need to know

Source: AMBCrypto

Date: Fri, 06 Jan 2023 12:30:15

Bitcoin's [BTC] attempt to break the $17K resistance on 4 January tipped Ethereum [ETH] to aim at the $1,300 mark. However, BTC faced rejection at $16.95K, blocking ETH's rally at $1,270.

Ethereum Fights Its Way Above $1,200, But Can Not Break Recent High

Source: Coin Idol

Date: Fri, 06 Jan 2023 10:00:00

Ethereum price is in a bullish trend zone, but it is limited to a range.

Negative News

Bitcoin, Ethereum Price Prediction- Technical Chart Hints Prolong Consolidation In Crypto Market

Source: Coingape

Date: Fri, 06 Jan 2023 09:07:38

Bitcoin, Ethereum price prediction: The Bitcoin daily chart shows a reversal sign at the $17000 resistance zone, indicating the prices could drop for the upcoming trading session. Moreover, this reversal will keep the BTC price in a narrow range and extend the sideways movement.

Bitcoin, Ethereum Technical Analysis: ETH Lower, as Markets Await Nonfarm Payrolls Report

Source: Bitcoin

Date: Fri, 06 Jan 2023 08:30:08

Ethereum was marginally lower on Dec. 6, as markets prepared for this afternoon's nonfarm payrolls report. December's report is set to show an addition of 200,000 jobs to the U.S. economy, which would be down from November's figure of 263,000. Bitcoin was also slightly down ahead of the release.

Did the SEC go after Ripple because they didn't stop selling XRP? Same case applies to Ethereum – Report

Source: CryptoNewsFlash

Date: Fri, 06 Jan 2023 06:30:50

A reporter at Fox Business states just because Ripple didn't stop selling XRP after the SEC lawsuit, the company is facing issues.

 

BINANCE (BNB)

Current Price: $ 259.92 (24h Changes: 0.96 %)

Current Market Cap: $ 42,517,674,630 (24h Changes: 0.85 %)

Positive News

Binance Coin (BNB) Price Jumped 7% This Week Despite FUD. Can Rise Continue?

Source: BeInCrypto

Date: Fri, 06 Jan 2023 03:30:00

Binance Coin (BNB) has had a solid first week of the year. The question remains whether it can continue amid the persistent negative news regarding crypto exchanges.

Binance Acquisition Moves See BNB Riding A Wave of Enthusiasm

Source: NewsBTC

Date: Fri, 06 Jan 2023 03:02:52

Crypto exchange Binance and its CEO Changpeng Zhao are making headlines once again as news of the company's acquisition moves hit the industry. According to recent news, Binance acquired a 41% stake on Korean crypto exchange Gopax.

Neutral News

Price analysis 1/6: BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT, LTC, UNI

Source: Cointelegraph

Date: Fri, 06 Jan 2023 14:46:36

A rally in equities markets is providing support to BTC and altcoins, but bulls will likely struggle in keeping the momentum needed to turn overhead resistance levels to support.

Binance Coin Price Prediction 2023: Is BNB Price Ready For A Sustained Recovery?

Source: Coingape

Date: Fri, 06 Jan 2023 12:02:41

Unlike many major cryptocurrencies, which witnessed more than a 75% loss in market value, the Binance coin has projected relatively fewer losses during the ongoing downtrend. By press time, the BNB price trades at $256.5, which is 62.89%, down from the all-time high of $690.93.

 

CARDANO (ADA)

Current Price: $ 0.28 (24h Changes: 2.25 %)

Current Market Cap: $ 9,662,800,042 (24h Changes: 2.06 %)

Positive News

Cardano: Founder of Crypto Capital Venture Says $ADA ‘Is Undervalued and Oversold'

Source: CryptoGlobe

Date: Fri, 06 Jan 2023 13:19:30

On Friday (6 January 2023), Dan Gambardello, Founder of Crypto Capital Venture, as well as the host of the very popular YouTube channel “Crypto Capital Venture”, shared his thoughts on $ADA.

Biggest Movers: XMR Hits 2-Month High, ADA Extends Recent Gains

Source: Bitcoin

Date: Fri, 06 Jan 2023 12:00:36

Monero slipped from an earlier two-month high, as December U.S. nonfarm payrolls (NFP) showed signs of a slowing labor market. Figures released today showed that the NFP fell to 223,000, down from a reading of 263,000 the month prior. Cardano was mostly higher, as it rose to a multi-week high.

ADA, XRP: Insane Whale Activity, Drives Trading Volume Through Roof

Source: UToday

Date: Fri, 06 Jan 2023 09:55:00

Sudden whale buying frenzy causes explosive trading volume

Neutral News

Price analysis 1/6: BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT, LTC, UNI

Source: Cointelegraph

Date: Fri, 06 Jan 2023 14:46:36

A rally in equities markets is providing support to BTC and altcoins, but bulls will likely struggle in keeping the momentum needed to turn overhead resistance levels to support.

Charles Hoskinson's Preventative Healthcare Clinic Will Accept $ADA for Payment

Source: CryptoGlobe

Date: Fri, 06 Jan 2023 14:43:20

On Friday (6 January 2023), Charles Hoskinson, Co-Founder and CEO at Input Output Global (“IOG), the blockchain technology firm responsible for the development of Cardano ($ADA), shared some news about the world class health clinic he is building in Gillette, Wymoming, USA.

Decoding if Cardano whales will remain vital to ADA's play in 2023

Source: AMBCrypto

Date: Fri, 06 Jan 2023 11:30:11

While the broader crypto market adhered to a price correction, Cardano [ADA] resisted the temptation, thanks to the efforts of whales holding the token.

 

RIPPLE (XRP)

Current Price: $ 0.34 (24h Changes: 0.51 %)

Current Market Cap: $ 17,347,946,689 (24h Changes: 0.4 %)

Positive News

Under-the-Radar Altcoin Skyrockets in Price As Flare Network Prepares Crypto Airdrop to XRP Holders

Source: The Daily Hodl

Date: Fri, 06 Jan 2023 10:30:09

An under-the-radar altcoin is surging in price this week as its associated network nears a long-delayed token giveaway. Songbird (SGB), the “canary network” of Flare Network, is up more than 88% this week. The 153rd-ranked crypto asset by market cap is trading at $0.0189 at time of writing.

ADA, XRP: Insane Whale Activity, Drives Trading Volume Through Roof

Source: UToday

Date: Fri, 06 Jan 2023 09:55:00

Sudden whale buying frenzy causes explosive trading volume

XRP Price Primed For Future Rally Following Ripple's MENA Expansion

Source: NewsBTC

Date: Fri, 06 Jan 2023 09:00:39

The XRP price has rather underperformed within the last two years. While XRP has fallen 90.04% from the all-time high of $3.40 on January 6, 2018, Bitcoin (-75.76%) and Ethereum (-74.52%) show considerably smaller losses.

Neutral News

Price analysis 1/6: BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT, LTC, UNI

Source: Cointelegraph

Date: Fri, 06 Jan 2023 14:46:36

A rally in equities markets is providing support to BTC and altcoins, but bulls will likely struggle in keeping the momentum needed to turn overhead resistance levels to support.

XRP Adoption in US Is What China Wants To Prevent, SEC Comes in Handy: Opinion

Source: UToday

Date: Fri, 06 Jan 2023 10:55:00

Patrick L. Riley believes that it is XRP adoption that keeps US from "going under"

Ripple's ODL Represents 90% of $6 Trillion FX Market Daily: Ripple's Top Executive

Source: UToday

Date: Fri, 06 Jan 2023 09:13:00

Ripple sees surge in demand for its ODL product in MENA countries

Negative News

Fox Business Journalist Shares Worst-Case Scenario if Ripple loses to SEC

Source: CoinPedia

Date: Fri, 06 Jan 2023 08:58:00

The United States Securities and Exchange Commission (SEC) is continuing to place a high priority on its legal struggle against Ripple and is moving in the direction of an expected summary judgment.

"Nightmare Ripple-SEC Scenario" Described by Fox Business' Charles Gasparino

Source: UToday

Date: Fri, 06 Jan 2023 06:31:00

Leading journalist from Fox Business has shared worst scenario that may happen if Ripple loses to SEC

Did the SEC go after Ripple because they didn't stop selling XRP? Same case applies to Ethereum – Report

Source: CryptoNewsFlash

Date: Fri, 06 Jan 2023 06:30:50

A reporter at Fox Business states just because Ripple didn't stop selling XRP after the SEC lawsuit, the company is facing issues.

 

SOLANA (SOL)

Current Price: $ 13.28 (24h Changes: -1.61 %)

Current Market Cap: $ 4,913,631,908 (24h Changes: -2.88 %)

Positive News

Solana (SOL) and Lido DAO (LDO) Are Altcoins Leading the Charge and Outperforming the Market

Source: BeInCrypto

Date: Fri, 06 Jan 2023 08:00:00

BeInCrypto looks at five altcoins that increased the most from the entire crypto market last week, specifically from Dec. 30 to Jan. 6 The post Solana (SOL) and Lido DAO (LDO) Are Altcoins Leading the Charge and Outperforming the Market appeared first on BeInCrypto.

Solana (SOL) ends the week on a high: almost 50% gain in 7 days

Source: Crypto Economy

Date: Fri, 06 Jan 2023 06:56:24

The considerable drop in prices eventually troubled a great number of investors as they suffered major losses.

Solana Sees Relief Rally With Whopping 65% Weekly Gain Thanks To This Dogecoin Knockoff

Source: Benzinga

Date: Fri, 06 Jan 2023 06:40:59

Solana (CRYPTO: SOL), one of the leading proof-of-stake cryptocurrencies, has skyrocketed by an astonishing 65% in the past week thanks to BONK (CRYPTO: BONK), a Dogecoin knockoff that debuted on the Solana ecosystem this year. What Happened: BONK is a meme-inspired cryptocurrency modeled on Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) whose symbols feature a canine avatar.

Neutral News

Polygon Paid y00ts NFT Collection $3 Million to Leave Solana

Source: Decrypt

Date: Fri, 06 Jan 2023 14:27:31

Both DeGods and y00ts are leaving Solana—but y00ts got millions to do so.

Crypto Price Analysis Jan-06: ETH, XRP, ADA, LTC, and SOL

Source: CryptoPotato

Date: Fri, 06 Jan 2023 07:35:44

This week, we take a closer look at Ethereum, Ripple, Cardano, Litecoin, and Solana Ethereum (ETH) This Wednesday, the bulls took over the price action and pushed ETH all the way to the key resistance at $1,260. Since then, the price seemed unable to break above.

$1.5 billion inflows Solana in a week; Can SOL hit $20 in January 2023?

Source: Finbold

Date: Fri, 06 Jan 2023 05:22:34

Decentralized finance (DeFi) token Solana (SOL) was among the biggest losers of the 2022 crypto bear market, with the correction accelerating toward the end of the year. Part of the losses emanated from the platform's close association with the now-bankrupt crypto exchange FTX.

Negative News

Solana's BONK Crashes By Nearly 40%; Is The Bull Run Finally Over?

Source: Coingape

Date: Fri, 06 Jan 2023 13:20:38

This past week has been a wild ride for the recently minted canine-centered meme currency BONK. The Solana-based memecoin, which suddenly sprang out of nowhere and soon made its way into the top 200 cryptocurrencies by total market capitalization, was hit hard by a powerful bearish trend late on Thursday evening.

Solana's BONK Crashes 50% In 24 Hours, Is It Time To Get Out?

Source: NewsBTC

Date: Fri, 06 Jan 2023 12:00:31

Solana-based BONK has been all the craze since the start of the new year. The meme coin had risen from obscurity to the largest meme coin on the Solana ecosystem in less than two weeks, recording massive gains for investors during this time.

Bonk (BONK), the Solana (SOL) Savior, Suddenly Dumps 54%

Source: Dailycoin

Date: Fri, 06 Jan 2023 10:40:57

Solana's memecoin frenzy took a dramatic downturn, with Bonk's market value cut in half in less than 24 hours.

 

AVALANCHE (AVAX)

Current Price: $ 11.73 (24h Changes: -0.55 %)

Current Market Cap: $ 3,665,127,804 (24h Changes: -0.68 %)

Positive News

Shopify Merchants Can Now Design, Mint and Sell Avalanche NFTs

Source: Bitcoinworld

Date: Fri, 06 Jan 2023 13:05:43

The new integration makes the NFT process easier for both buyers and sellers. On Thursday, Shopify (SHOP) expanded its non-fungible token (NFT) integration, enabling its millions of merchants to start designing, minting, and selling Avalanche NFTs.

Shopify Merchants Can Now Mint, Sell NFTs On Avalanche

Source: InvestingCube

Date: Fri, 06 Jan 2023 11:04:41

Shopify merchants can now mint their own NFTs on Avalanche, at near-instant speeds and very low gas fees. We tell you more about it.

Shopify Adds Support for Avalanche NFTs

Source: Coinspeaker

Date: Fri, 06 Jan 2023 05:33:35

Using Venly, sellers on Shopify can sell NFTs, offer NFT-gated experiences or use NFTs for authentication by tying them to physical products.

Negative News

AVAX Slips 2% As Grayscale Dumps Avalanche From Large Cap Fund

Source: Decrypt

Date: Fri, 06 Jan 2023 11:36:27

As part of its regularly scheduled rebalancing, Grayscale sold its AVAX and used the cash to purchase Bitcoin, Ethereum, ADA, MATIC, and SOL.

POLKADOT (DOT)

Current Price: $ 4.68 (24h Changes: 1.81 %)

Current Market Cap: $ 5,570,259,831 (24h Changes: 1.59 %)

Neutral News

Price analysis 1/6: BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT, LTC, UNI

Source: Cointelegraph

Date: Fri, 06 Jan 2023 14:46:36

A rally in equities markets is providing support to BTC and altcoins, but bulls will likely struggle in keeping the momentum needed to turn overhead resistance levels to support.

Immunefi researcher saves $200 million from potential theft on three Polkadot parachains

Source: The Block

Date: Fri, 06 Jan 2023 07:16:13

An Immunefi researcher was rewarded for finding a critical vulnerability on three parachains in the Polkadot ecosystem. The post Immunefi researcher saves $200 million from potential theft on three Polkadot parachains appeared first on The Block.

Negative News

Critical Vulnerability on Polkadot Parachains Discovered, $200 Million at Risk

Source: EWN

Date: Fri, 06 Jan 2023 07:52:29

A security researcher discovered a potential vulnerability that could have resulted in the theft of up to $200 million from three Ethereum-compatible parachains on the Polkadot network: Moonbeam, Astar Network and Acala. The vulnerability was found in June in Frontier, a software used for “wrapping” native tokens on the three blockchain projects on the Polkadot network.

What DOT holders need to know in case crypto regulation hammer drops

Source: AMBCrypto

Date: Fri, 06 Jan 2023 04:30:49

Crypto regulation might shift into high gear soon, considering the abundance of crypto scams and incidents where investors lost money. Polkadot [DOT] identified the potential threat that may come with such action and, as such, it has released a statement for DOT investors.

 

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quantdoge
quantdoge

Data scientist in crypto and blockchain space.


What Happens To Crypto Today?
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