"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.
BITCOIN (BTC)
Current Price: $ 18,880.17 (24h Changes: -4.46 %)
Current Market Cap: $ 361,286,849,715 (24h Changes: -4.43 %)
Positive News
Bitcoin Diamond Hands: Long-Term Holder Supply Surges Up To Near ATH
Source: NewsBTC
Date: Tue, 06 Sep 2022 15:00:26
Data shows the Bitcoin long-term holder supply has surged up recently to near all-time high values as these “diamond hands” add to their holdings. Bitcoin Long-Term Holder Supply Jumps Up By 250k BTC After The Recent Low According to the latest weekly report from Glassnode, the current total balances of the long-term holders is only 30k away from the ATH.
7 Cryptos to Watch as the Blockchain Gets an Upgrade
Source: Investorplace
Date: Tue, 06 Sep 2022 14:59:02
With the Ethereum Merge scheduled to materialize in a few days' time, these are some of the major cryptos to watch.
We're On to Next Leg of Bitcoin Rally, Morehead Says
Source: Bloomberg Markets and Finance
Date: Tue, 06 Sep 2022 14:35:12
Dan Morehead of Pantera Capital says we're on to the next leg of a Bitcoin rally. He speaks on "Bloomberg Crypto.
Neutral News
Crypto Market Setting Up For “Squeeze Of Historic Proportions”, Will BTC Price Get In The Way?
Source: NewsBTC
Date: Tue, 06 Sep 2022 15:11:38
Bitcoin is showing weakness as BTC price trades in a tight range, the number one crypto by market cap saw a small uptick in volatility during today's trading session. However, the price action was smothered by poor performance in traditional equities.
Bitcoin Takes The Lead, Drags Ethereum, Dogecoin Lower: What Happened?
Source: Benzinga
Date: Tue, 06 Sep 2022 15:02:31
Bitcoin (CRYPTO: BTC) began a sharp decline at 1 p.m. Tuesday and Dogecoin (CRYPTO: DOGE) followed suit.
Glassnode Discusses 4 Phases Of Bitcoin Accumulation & Distribution During Past Year
Source: Bitcoinist
Date: Tue, 06 Sep 2022 15:00:06
Glassnode has talked about the four phases of Bitcoin accumulation and distribution during the past year in their latest report. Bitcoin Accumulation Trend Score Shows Market Has Been Selling Recently As per this week's edition of the weekly Glassnode report, the market has observed four distinct phases in the last twelve months.
Negative News
Top Bitcoin Mining Pool Freezes Withdrawals Due to Liquidity Issues
Source: Decrypt
Date: Tue, 06 Sep 2022 15:44:47
Poolin maintains that all user assets are safe, and that its net worth is still positive.
Bitcoin 'bear flag' breakdown targets $15K as US dollar hits 20-year high
Source: Cointelegraph
Date: Tue, 06 Sep 2022 15:25:37
BTC is losing its safe haven status to the dollar, with mutual funds increasing their cash holdings by $208 billion in the first half of 2022.
Crypto Insolvencies Spread as Top Bitcoin Mining Pool Halts Withdrawals
Source: PYMNTS
Date: Tue, 06 Sep 2022 15:06:29
A crypto mining pool that accounts for nearly 10% of bitcoin's computing power has cut off withdrawals, citing liquidity issues as it blocks members from accessing their cryptocurrency.
ETHEREUM (ETH)
Current Price: $ 1,569.58 (24h Changes: -1.7 %)
Current Market Cap: $ 188,917,287,467 (24h Changes: -1.67 %)
Positive News
Ethereum launches upgrade, and Congress reconvenes as industry awaits regulation: CNBC Crypto World
Source: CNBC Television
Date: Tue, 06 Sep 2022 15:21:42
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, Ari Redbord of TRM Labs discusses what to expect from crypto regulation in the U.S. by the end of 2022.
Ethereum Up Over 10% As Bellatrix Upgrade Goes Live
Source: Zycrypto
Date: Tue, 06 Sep 2022 14:54:53
Ethereum is reacting favourably to recent news of the Bellatrix hard fork. The ultimate Merge is less than two weeks away, but the last preparatory exercise before its eventual advent is the Bellatrix upgrade.
Neutral News
Three Arrows Capital Wallet Removes Millions in ETH From DeFi Liquidity Pools
Source: BeInCrypto
Date: Tue, 06 Sep 2022 15:30:00
A wallet belonging to embattled hedge fund Three Arrows Capital has removed $33M in Staked ETH (stETH) from Curve Liquidity Farming Pool. The post Three Arrows Capital Wallet Removes Millions in ETH From DeFi Liquidity Pools appeared first on BeInCrypto.
What the Merge Could Mean for Ethereum and Its Developers
Source: Coindesk
Date: Tue, 06 Sep 2022 15:26:16
Protocol developer Preston Van Loon joined CoinDesk TV's “First Mover” to discuss how the long-awaited upgrade will prompt a massive move to the blockchain.
Negative News
Ethereum price analysis: ETH breaks $1,650, swift retrace incoming?
Source: Cryptopolitan
Date: Tue, 06 Sep 2022 10:41:22
Ethereum price analysis is bearish today as we have seen a higher local high set at $1,680 after a strong rally overnight. However, buying pressure has diminished over the last hours, likely leading ETH/USD to retrace and set another higher low over the next days.
Poolin Mining Pool Freezes BTC and ETH Withdrawals, Cites Liquidity Issues
Source: Bitcoinist
Date: Tue, 06 Sep 2022 08:37:19
Is this the beginning of the end for Poolin? Or is the mining pool just powering through some minor problems?
ETH Open Interest Retraces from All-Time High - Where Next?
Source: Cryptonews
Date: Tue, 06 Sep 2022 08:17:00
Open interest (OI) in ethereum (ETH) futures has retraced from the all-time highs in ETH terms reached in late August, despite Ethereum's highly anticipated transition to proof-of-stake moving closer by the day.
BINANCE (BNB)
Current Price: $ 264.37 (24h Changes: -3.82 %)
Current Market Cap: $ 43,167,966,186 (24h Changes: -3.83 %)
Positive News
Binance Coin (BNB) might EXPLODE after the Merge
Source: CryptoTicker
Date: Tue, 06 Sep 2022 12:52:04
In this article, we take a deep dive into what is Binance and lay out a realistic long-term BNB price prediction.
Binance Smart Chain Is Making Giant Leaps In The Blockchain Space
Source: The Cryptonomist
Date: Tue, 06 Sep 2022 11:00:11
The HachiFi (HACH) team believes that having HACH as the primary token driving the project's platforms
Neutral News
Source: Crypto Daily
Date: Tue, 06 Sep 2022 05:00:00
Shiba Inu (SHIB) and Binance Coin (BNB) have their respective systems for burning tokens. These systems are designed to keep the supply of tokens under the desired threshold to help maintain the value of their respective tokens.
CARDANO (ADA)
Current Price: $ 0.47 (24h Changes: -5.83 %)
Current Market Cap: $ 15,740,989,347 (24h Changes: -5.95 %)
Positive News
Cardano price analysis: Cardano bounces back to $0.5 as bullish momentum builds
Source: Cryptopolitan
Date: Tue, 06 Sep 2022 13:55:20
The Cardano price analysis shows the price of Cardano fluctuating between $0.4826 and $0.5122. The pattern has continued for a couple of days, indicating price consolidation on the 1 day and four-hour charts, respectively.
‘ADA Whale': Aada's Launch “Should Bring Significant Improvements to Market Depth/Liquidity”
Source: CryptoGlobe
Date: Tue, 06 Sep 2022 12:59:48
On September 4, pseudonymous Cardano ($ADA) influencer “ADA whale” (“cardano_whale” on Twitter) explained why he is looking forward to next Tuesday's launch of Aada on the Cardano mainnet. On Wednesday (August 31), Cardano-powered crypto lending startup Aada Finance announced that it is launching the Aada Finance V1 lending and borrowing protocol on the Cardano mainnet on September 13.
Neutral News
ADA's Weekend Rally Pauses as Cardano Confirms ‘Most Significant' Upgrade
Source: Cryptonews
Date: Tue, 06 Sep 2022 13:40:00
The price of Cardano's native token ADA rallied over the weekend, as the Cardano development firm Input Output confirmed the date for a highly anticipated network upgrade. As of Monday morning, however, the rally has come to a halt for now.
Here's What's Next For Cardano (ADA), Ethereum (ETH), and Shiba Inu (SHIB)
Source: CoinPedia
Date: Tue, 06 Sep 2022 08:50:52
A renowned crypto analyst and trader, Altcoin Sherpa, has revealed his bullish stance towards Cardano (ADA) and has also given out certain targets for the Ethereum (ETH) and Shiba Inu (SHIB) prices.
Bitcoin Dominance Hits 4-Year Low Ahead of Ethereum Merge and Cardano Vasil Hard Fork
Source: BeInCrypto
Date: Tue, 06 Sep 2022 05:08:55
Bitcoin dominance (BTCD) has fallen to the lowest value since early 2018, while Ethereum (ETH) has been increasing at an accelerated rate preceding the Merge. The post Bitcoin Dominance Hits 4-Year Low Ahead of Ethereum Merge and Cardano Vasil Hard Fork appeared first on BeInCrypto.
Negative News
This Chart Formation Indicates A Correction Is Round The Corner In ADA Price?
Source: Coingape
Date: Tue, 06 Sep 2022 12:00:00
ADA price extends the downside momentum and remained offered below $0.50. In the last few hours, the price is trading in the red.
RIPPLE (XRP)
Current Price: $ 0.32 (24h Changes: -2.5 %)
Current Market Cap: $ 16,019,158,050 (24h Changes: -2.4 %)
Positive News
New XRP Payment Solutions to Be Presented at XRPL Developers' Summit Hosted by Ripple
Source: UToday
Date: Tue, 06 Sep 2022 08:39:00
XRPL devs to present new XRP payment solutions at Apex Dev Summit in Las Vegas
Neutral News
XRP Desperately Trying to Break Through: Crypto Market Review, September 6
Source: UToday
Date: Tue, 06 Sep 2022 10:29:00
Not all cryptocurrencies are rallying ahead of Merge update
Ripple Lawsuit Summary Judgement Might See XRP Vs ETH Comparison
Source: Coingape
Date: Tue, 06 Sep 2022 09:20:49
The U.S SEC Vs Ripple lawsuit is moving forwards with the most awaited Summary judgment. However, the commission is still protecting its assertion over the crucial Hinman document.
XRP Price Volatility Spikes with a Visit to $0.34 Ahead of US Stats
Source: FXEmpire
Date: Tue, 06 Sep 2022 01:54:10
It was a particularly choppy start to the Tuesday session. A pending court ruling and US stats will keep XRP investors edgy.
Negative News
Ripple Slumps as It Faces Rejection at the $0.34 Resistance Zone
Source: Coin Idol
Date: Tue, 06 Sep 2022 07:06:00
The price of Ripple (XRP) is still in a downtrend, but is making an upward correction to previous highs. Since August 28, XRP has been holding above the $0.32 support.
SOLANA (SOL)
Current Price: $ 31.01 (24h Changes: -3.07 %)
Current Market Cap: $ 10,818,834,850 (24h Changes: -2.8 %)
Positive News
Solana NFT Startup Dust Labs Raises $7M as y00ts Tops NFT Charts
Source: Decrypt
Date: Tue, 06 Sep 2022 14:35:04
The buzzy y00ts NFT launch delivered on the hype with millions in sales, and its creators just raised funding for a Web3 tech startup.
Solana-based y00ts NFT collection launches; developers raise $7M in seed round
Source: CryptoSlate
Date: Tue, 06 Sep 2022 13:36:17
The highly anticipated Solana-based y00ts NFT collection is finally live, with 6,500 owners minting the collection within the first 24 hours, according to OpenSea data. The post Solana-based y00ts NFT collection launches; developers raise $7M in seed round appeared first on CryptoSlate.
Neutral News
Source: The Daily Hodl
Date: Tue, 06 Sep 2022 15:00:40
A trading robot with a reputation for outperforming the markets is sharing its newest portfolio allocations as most crypto assets seek to recover from an overall downtrend. Each week the Real Vision Bot conducts surveys to compile algorithmic portfolio assessments that generate a “hive mind” consensus.
Bybit Brings USDC-Based Options for ETH & SOL to Clients
Source: Blockonomi
Date: Tue, 06 Sep 2022 05:51:41
Leading exchange ByBit was the first to bring USDC options to the markets, now the exchange is expanding its offerings, by adding Ether (ETH) and Solana (SOL) contracts. It already offered USDC-based BTC options.
AVALANCHE (AVAX)
Current Price: $ 18.41 (24h Changes: -2.17 %)
Current Market Cap: $ 5,419,546,999 (24h Changes: -2.14 %)
Positive News
Avalanche NFT Marketplaces Are Booming, Aiding AVAX Price Recovery
Source: BeInCrypto
Date: Tue, 06 Sep 2022 10:30:00
Avalanche (AVAX) is attempting to create its first higher low since reaching a temporary bottom in June, however it has yet to show any decisive bullish reversal signs. The post Avalanche NFT Marketplaces Are Booming, Aiding AVAX Price Recovery appeared first on BeInCrypto.
Colony Avalanche Index brings indexed crypto investing to Avalanche
Source: Crypto news
Date: Tue, 06 Sep 2022 09:33:33
In a first for the Avalanche network, ecosystem accelerator Colony Lab has partnered with the crypto index platform Phuture to offer indexed exposure to the blockchain's top decentralized applications.
Range Breakout May Resolve This Uncertainty In AVAX Price
Source: Coingape
Date: Tue, 06 Sep 2022 09:32:20
On August 26th, the AVAX/USDT pair pierced the monthly support of $20.6. However, the post-retest fall was interrupted by the 0.786 Fibonacci retracement level and resulted in a minor price correction.
NEAR (NEAR)
Current Price: $ 4.02 (24h Changes: -3.57 %)
Current Market Cap: $ 3,120,206,170 (24h Changes: -3.56 %)
Neutral News
NEAR Protocol reveals new updates but will that change its course
Source: AMBCrypto
Date: Tue, 06 Sep 2022 03:30:19
NEAR Protocol is introducing the first Protocol Working Group meeting to discuss the latest enhancement proposals for the network. This group will contribute to the future of NEAR and will be active in developments.
Negative News
NEAR Price Poised To Hit $3 Under This Bearish Pattern's Influence
Source: Coingape
Date: Tue, 06 Sep 2022 15:08:34
The NEAR price chart shows a head and shoulder pattern in action, leading the current correction rally to an even lower level. The neckline for this pattern is the $3.75 mark which has been supporting the coin buyers since last month.
