What Happens To L1 Tokens Today? (07 Mar 2023, Tuesday)

“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:  $ 22,442 (24h Changes: -0.07 % )

Current Market Cap:  $ 433,380,178,280 (24h Changes: -0.17 % )

BTC-Positive News

1. In Bitcoin Ordinals, Galaxy Digital Predicts a $4.5B NFT Boom
Source:  CoinMarketCap
Date:  Mon, 06 Mar 2023 09:40:48

The new method of inscribing NFTs with images, audio files and even applications to the smallest part of a Bitcoin opens up a new competitor for Ethereum.

2. TeraWulf Starts Nuclear-Powered Bitcoin Mining With Nearly 8,000K Rigs at Nautilus Facility
Source:  Coindesk
Date:  Mon, 06 Mar 2023 10:33:36

The miner expects its power cost to drop to $0.02/kWh when the nuclear site is fully operational.

3. Terawulf Brings First Fully Nuclear-Powered Bitcoin Mining Operation In America Online
Source:  Bitcoin Magazine
Date:  Mon, 06 Mar 2023 12:33:24

A joint venture with Cumulus Coin, LLC. has brought the first nuclear-powered Bitcoin mine online in Pennsylvania.

BTC-Neutral News

1. Bitcoin traders eye $19K BTC price bottom, warn of 'hot' February CPI
Source:  Cointelegraph
Date:  Mon, 06 Mar 2023 10:47:27

It could be a testing few weeks for Bitcoin and risk assets, market commentators say, with Fed Chair Jerome Powell due to kick off the triggers on March 8.

2. First Mover Americas: Bitcoin Flat as Crypto Winter Deepens
Source:  Coindesk
Date:  Mon, 06 Mar 2023 08:06:10

The latest price moves in bitcoin (BTC) and crypto markets in context for March 6, 2023. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

3. Technical discussions take center stage at Advancing Bitcoin conference in London
Source:  Cointelegraph
Date:  Mon, 06 Mar 2023 08:39:33

A look back on a highly technical Bitcoin conference hosted in London, in which ordinals, silent payments and the Lightning Network were studied and discussed.

BTC-Negative News

1. Bitcoin (BTC) Bears Regain Upper Hand as Bullish Structure Falters
Source:  BeInCrypto
Date:  Mon, 06 Mar 2023 09:00:00

The Bitcoin (BTC) price breakdown from an ascending support line could be the beginning of a sharper decrease.

2. Crypto Community Criticises Yuga Labs' Auction Model For Its First Bitcoin NFT
Source:  Bitcoinist
Date:  Mon, 06 Mar 2023 09:30:47

Last weekend was hot for Yuga Labs as the crypto community criticized how it modeled its first Bitcoin NFT auction. The creator of the Bitcoin NFT protocol Ordinals also expressed displeasure at the model, threatening to wash his hands off.

3. Bitcoin Sees Fourth Week Of Outflows, With Investment Products At $844M
Source:  Benzinga
Date:  Mon, 06 Mar 2023 11:03:53

Investment in digital asset products recorded a minor outflow of $17 million last week, marking the fourth consecutive week of negative sentiment, according to Coinshares. The total volumes of investment products were low at $844 million for the week, which also reflects a similar situation for the entire Bitcoin (CRYPTO: BTC) market volumes, which averaged $57 billion, down 15% from usual levels.



Current Price:  $ 1,570.45 (24h Changes: 0.24 % )

Current Market Cap:  $ 189,166,349,217 (24h Changes: 0.37 % )

ETH-Positive News

1. Whale Who Netted $36,000,000 By Masterfully Trading Ethereum Is Now Accumulating Three ETH-Based Crypto Assets: Looksonchain
Source:  The Daily Hodl
Date:  Mon, 06 Mar 2023 10:29:17

A crypto whale who masterfully traded Ethereum (ETH) to the tune of $36 million in profit last year is once again in accumulation mode. According to the on-chain analytics firm Looksonchain, the whale appears to be a smart money institution that bought ETH at the bottom and sold it at the top in 2022.

2. Ancient Ethereum Whale Wakes up for First Time in 5 Years, Moves Millions
Source:  UToday
Date:  Mon, 06 Mar 2023 03:32:00

An ancient Ethereum whale has made a sudden appearance after being dormant for over five years. The whale address, which had accumulated 10,266 ETH in 2017 through mining activities, recently transferred the entire amount, worth around $16 million, out of the wallet.

3. Litecoin maintains its lead over Ethereum as Bitcoin hits 1.1 billion total addresses
Source:  CryptoSlate
Date:  Mon, 06 Mar 2023 10:57:17

Quick Take Back In January, CryptoSlate reported that Litecoin total addresses surpassed Ethereum.

ETH-Neutral News

1. Bitcoin Price Outlook: BTC, ETH Trades Flat After Bouncing Off Support
Source:  DailyFX
Date:  Mon, 06 Mar 2023 08:45:23

Bitcoin and Ethereum have continued to trade sideways after recovering from Friday's slide. BTC lingers around $22,500 while ETH eyes $1,600.

2. Ethereum Price Close Below $1,540 Could Spark Larger Degree Decline
Source:  NewsBTC
Date:  Mon, 06 Mar 2023 02:27:12

Ethereum price found support near $1,540 against the US Dollar. ETH is consolidating losses and might attempt a recovery wave above $1,580.

3. Ethereum Is At An Impasse And Holding Above The $1,500 Support Level
Source:  Coin Idol
Date:  Mon, 06 Mar 2023 05:20:00

The Ethereum price (ETH) is moving above the $1,500 support level after the price decline on March 3.

ETH-Negative News

1. ETH Risks Falling to $1500 if Bearish Sentiment Intensifies (Ethereum Price Analysis)
Source:  CryptoPotato
Date:  Mon, 06 Mar 2023 13:22:27

Ethereum's price action has been very choppy in recent weeks after facing rejection from a significant resistance. However, there are multiple levels that could provide support and hold the price in the event of a deeper pullback.

2. Ethereum, Tezos and Tron: overview of the crypto assets
Source:  The Cryptonomist
Date:  Mon, 06 Mar 2023 06:01:19

The price of ETH, the second-largest crypto by market capitalization, falls 5% points in the last week and today stands at €1469.18 (-0.26%).

3. Ethereum May Hit a 3-Digit Price Mark Soon, Here's Why
Source:  CoinPedia
Date:  Mon, 06 Mar 2023 00:40:49

A sudden outflow of significant customers from crypto bank Silvergate over the past few days has raised concerns about its viability, and key cryptocurrency prices have fallen over the weekend as a result. An increase in liquidations was recorded as a result of the price decline.



Current Price:  $ 287.96 (24h Changes: -0.51 % )

Current Market Cap:  $ 45,451,098,209 (24h Changes: -0.5 % )

BNB-Positive News

1. BNB's network usage and key metrics have something important for you
Source:  AMBCrypto
Date:  Mon, 06 Mar 2023 13:30:04

Token Terminal's data revealed that Binance Coin's [BNB] fees and revenue have been on a constant uptrend over the last few weeks. The credit for this can go to the average daily transactions conducted on the network.

2. DeFi Exchange PancakeSwap to Deploy Version 3 on BNB Smart Chain in April, Burns $27M in CAKE
Source:  Coindesk
Date:  Mon, 06 Mar 2023 05:12:15

PancakeSwap V3 will offer new features such as improved liquidity provisioning, competitive trading fees, trading incentives and enhancement for yield farming tools.

BNB-Neutral News

1. Crypto news: performance of Avalanche (AVAX), Binance Coin (BNB) and Cosmos (ATOM)
Source:  The Cryptonomist
Date:  Mon, 06 Mar 2023 09:29:16

Since 21 February, Avalanche (AVAX) has retraced 27% after facing price rejection at $21.68. The support level of $15.75 has prevented the decline twice.

BNB-Negative News

1. Binance Texts Show the Company's Alleged Plans to Undermine U.S. Regulators
Source:  Investorplace
Date:  Mon, 06 Mar 2023 12:24:12

The Wall Street Journal's investigation into Binance shows that the company has been misleading around its relationship to Binance.US.



Current Price:  $ 0.33 (24h Changes: -1.87 % )

Current Market Cap:  $ 11,643,113,547 (24h Changes: -2.05 % )

ADA-Positive News

1. Cardano founder says NFTs are the ‘most vibrant part' of ADA ecosystem
Source:  Finbold
Date:  Mon, 06 Mar 2023 04:26:33

Despite the cryptocurrency market going through a bit of a rough patch in recent weeks, the founder of Cardano (ADA), Charles Hoskinson, remains positive due to the progress of his ecosystem, in which non-fungible tokens (NFTs) issued on Cardano stand out the most.

2. Cardano (ADA) Price Shows Resilience, but the Worst Is Yet to Come
Source:  BeInCrypto
Date:  Mon, 06 Mar 2023 06:00:00

The Cardano (ADA) price has completed a short-term correction. An initial increase could follow.

3. Cardano mints first wrapped Bitcoin similar to Ethereum accessing the $432 billion BTC market – Report
Source:  CryptoNewsFlash
Date:  Mon, 06 Mar 2023 07:29:06

Cardano excites the crypto world by successfully minting its first cBTC.

ADA-Negative News

1. Cardano ($ADA) Price Analysis
Source:  CryptoGlobe
Date:  Mon, 06 Mar 2023 11:23:26

This article looks at the price action of $ADA, the native cryptocurrency of the Cardano blockchain. As of 3:50 p.m. UTC on March 6, $ADA is trading around $0.3358 (down 1.3% in the past 24-hour period), making it the 8th most valuable cryptocurrency, with a market cap (i.e., current price * circulating supply) of $11.

2. Cardano price analysis: ADA devalues Up to $0.3327 after a bearish market
Source:  Cryptopolitan
Date:  Mon, 06 Mar 2023 10:53:00

Cardano price analysis for today shows ADA is currently stuck in a consolidation phase around the $0.3327 mark. This comes after the currency saw a sharp drop in value this week as sellers pushed the price below key support levels.

3. 80% of Cardano (ADA) Holders Suffer Losses: IntoTheBlock
Source:  UToday
Date:  Mon, 06 Mar 2023 06:44:00

According to IntoTheBlock, more than 80% of all Cardano holders are suffering losses right now, a figure equal to 3.53 million addresses. At the same time, only 682,920 addresses are profitable, which is less than 16% of the total.



Current Price:  $ 0.37 (24h Changes: 0.56 % )

Current Market Cap:  $ 18,976,079,030 (24h Changes: 0.4 % )

XRP-Positive News

1. HDUP Price Set to Pump While Ripple's MENA Expansion Goes From Strength to Strength
Source:  CoinPedia
Date:  Mon, 06 Mar 2023 04:48:36

Since the start of 2023, crypto projects have returned from the holidays with great things under their sleeves. The industry is currently buzzing with collaborations on crypto projects popping up everywhere. Thankfully, these new developments have positively impacted the market this January.

2. Ripple Survey Says Overwhelming 97% of Payments Firms Believe That Crypto Could Facilitate Faster Payments
Source:  The Daily Hodl
Date:  Mon, 06 Mar 2023 09:04:25

A new survey from Ripple and payments organization Faster Payments Council (FPC) shows that leading payments firms have an optimistic outlook on crypto-enabled solutions. The survey polled nearly 300 payments leaders, ranging from analysts to C-suite executives, to represent various sectors across 45 countries.

XRP-Neutral News

1. Ripple Advisor Sheds Light on Private XRP Ledger and CBDC Projects
Source:  UToday
Date:  Mon, 06 Mar 2023 04:09:00

Ripple's senior advisor for CBDC and global partnerships, Antony Welfare, has lifted the veil of secrecy on the company's so-called "state cryptocurrency" projects. According to Welfare, projects being developed with Bhutan and Palau are in an advanced stage right now.

2. Judge In Ripple Case Is Not Part Of ‘Deep State,' Contradicts Lawyer
Source:  Bitcoinist
Date:  Mon, 06 Mar 2023 03:15:16

While the court case between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) continues to await a ruling from the U.S. Southern District Court of New York, rumors have arisen in the XRP community that the judge in charge, Analisa Torres, is part of the “deep state.

3. XRP Price Holds Strong At $0.35 Support Level! Experts Predict Bullish Ascending Pattern On The Horizon
Source:  CoinPedia
Date:  Mon, 06 Mar 2023 11:17:03

Recently, the crypto market has been filled with obstacles, forcing several assets to hover near their weekly lows. In addition, the financial crisis at the Silvergate bank has enabled many crypto exchanges to cut ties with the bank, creating bearish pressure in the altcoin market, and XRP is no exception.

XRP-Negative News

1. Ripple in Thight Consolidation, is a Huge Move Imminent? (XRP Price Analysis)
Source:  CryptoPotato
Date:  Mon, 06 Mar 2023 12:42:23

Following an extended period of uncertainty and consolidation, XRP has approached the narrow range of its multi-month triangle. The mid-term outlook of XRP will be determined by a breakout from this triangle, while the current price action suggests a bearish trend.

2. XRP Proponent Highlights How SEC May Win the Legal Battle, Calls It ‘Prima Facie Compelling'
Source:  CoinPedia
Date:  Mon, 06 Mar 2023 08:23:43

The US Securities and Exchange Commission (SEC) and Ripple are engaged in a legal dispute that is still raging.

3. Ripple Bolsters Defense Against SEC With Prior Supreme Court Ruling: Good Move Or Bad?
Source:  CoinPedia
Date:  Mon, 06 Mar 2023 03:17:53

The Securities and Exchange Commission (SEC) of the United States has launched a lawsuit against Ripple, alleging that the business offered unregistered securities in the form of XRP. Ripple denies the allegations and claims that XRP is digital money, not security.



Current Price:  $ 20.7 (24h Changes: -2.02 % )

Current Market Cap:  $ 7,911,325,232 (24h Changes: -2.07 % )

SOL-Positive News

1. Why Solana bulls might succeed in driving a near-term rally from $20
Source:  AMBCrypto
Date:  Mon, 06 Mar 2023 10:30:00

Solana faced some negative sentiment in March after the outages in late February, but the network could be on the way to recovery already.

2. Solana Activity Rises Massively As DeFi Platform Plans Return, Is SOL Price $50 Next?
Source:  Coingape
Date:  Mon, 06 Mar 2023 09:27:29

Solana-based decentralized finance (DeFi) platform Solend plans to improve risk management and decentralization with the Solend V2 lending and borrowing protocol. Solend in an official blog announced the Solana V2 litepaper.

SOL-Negative News

1. Solana price analysis: SOL moves sideways at $20.85 as bears fight for dominance
Source:  Cryptopolitan
Date:  Mon, 06 Mar 2023 10:47:29

Solana price analysis shows that the coin is currently in a bearish trend as it plummets to $20.85. This is after the digital asset enjoyed bullish action and touched the $21.21 level yesterday.



Current Price:  $ 16.53 (24h Changes: 1.45 % )

Current Market Cap:  $ 5,368,335,789 (24h Changes: 1.57 % )

AVAX-Neutral News

1. Crypto news: performance of Avalanche (AVAX), Binance Coin (BNB) and Cosmos (ATOM)
Source:  The Cryptonomist
Date:  Mon, 06 Mar 2023 09:29:16

Since 21 February, Avalanche (AVAX) has retraced 27% after facing price rejection at $21.68. The support level of $15.75 has prevented the decline twice.



Current Price:  $ 12.06 (24h Changes: 0.01 % )

Current Market Cap:  $ 3,529,076,504 (24h Changes: -0.17 % )

ATOM-Neutral News

1. Crypto news: performance of Avalanche (AVAX), Binance Coin (BNB) and Cosmos (ATOM)
Source:  The Cryptonomist
Date:  Mon, 06 Mar 2023 09:29:16

Since 21 February, Avalanche (AVAX) has retraced 27% after facing price rejection at $21.68. The support level of $15.75 has prevented the decline twice.

ATOM-Negative News

1. Cosmos Hub Takes Action Against ATOM AirDrop Scam
Source:  Coincu
Date:  Mon, 06 Mar 2023 05:28:34

Cosmos Hub Takes Action Against ATOM AirDrop Scam



Current Price:  $ 5.93 (24h Changes: -1.24 % )

Current Market Cap:  $ 7,167,911,056 (24h Changes: -1.42 % )

DOT-Positive News

1. How to Ride the Next Crypto Bull Run with Shiba Inu, Polkadot, and Avorak AI
Source:  Crypto Reporter
Date:  Mon, 06 Mar 2023 05:01:42

With the crypto market in full swing, investors are looking for the next big thing in the crypto space. Shiba Inu (SHIB), Polkadot (DOT), and Avorak AI (AVRK), these three coins have been gaining traction with investors, and there's a good chance they could be the catalysts for the next crypto bull run.

DOT-Neutral News

1. Polkadot [DOT] stays ahead of the competition in this area
Source:  AMBCrypto
Date:  Mon, 06 Mar 2023 06:30:47

Things have been relatively calm and quiet on the Polkadot front but a lack of excitement was seen for both the network and the DOT cryptocurrency.

DOT-Negative News

1. Polkadot price analysis:  Bearish stream lowers DOT  down to $6.00
Source:  Cryptopolitan
Date:  Mon, 06 Mar 2023 12:53:32

The latest Polkadot price analysis indicates a strong bearish trend for the cryptocurrency. The DOT/USD pair has dropped from a high of $6.10 to around $6.00 as more and more sellers enter the market.

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