What Happens To L1 Tokens Today? (08 Sep 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.

BITCOIN (BTC)

Current Price: $ 19,159.51 (24h Changes: 1.48 %)

Current Market Cap: $ 366,746,330,919 (24h Changes: 1.49 %)

Positive News

El Salvador Celebrates One-Year Anniversary of Bitcoin Day

Source: CryptoGlobe

Date: Wed, 07 Sep 2022 15:41:30

One year ago today, El Salvador, which is smallest and most densely populated country in Central America, became the first nation to make Bitcoin legal tender.

Bitcoin Seasonality Provides Hope For Bitcoin Bulls

Source: Benzinga

Date: Wed, 07 Sep 2022 14:06:34

The crypto market has dropped below $1 trillion again, as Bitcoin (CRYPTO: BTC) nears towards the local bottom of $17,600. On chain analytics also demonstrate bearish sentiment among market participants.

Bitcoin Beach North And Building Out Bitcoin In A Bank Building

Source: Bitcoin Magazine

Date: Wed, 07 Sep 2022 13:30:00

The Bitcoin takeover of Michigan has been strengthened by the addition of a new Bitcoin Beach and education center.

Neutral News

Bitcoin is pinned below $20K as the macro climate stifles hope for a sustainable BTC bull run

Source: Cointelegraph

Date: Wed, 07 Sep 2022 15:05:00

BTC bulls have a chance to profit from this week's $410 million options expiry, but the factors pulling down equities markets reduce the chance of Bitcoin changing its trend.

Zero Bitcoin Fees & USDC Delisting: How Binance Is Pushing For Larger Marketshare

Source: Bitcoinist

Date: Wed, 07 Sep 2022 15:00:29

The crypto exchange Binance has recently continued to push for growth in its share of the Bitcoin volume, as well as the stablecoin market.

Bitcon (BTC) to USDT chart over the 4 hour timeframe on 07.09.2022.

Source: Crypto Daily

Date: Wed, 07 Sep 2022 15:00:00

Hello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe on 07.09.2022. As you can see, the price is moving below the local downtrend line Let's start with the designation of the support line and as you can see the first support in the near future is $ 18,547, if the support breaks down, the next support is $ 18,289, $ 18,092 and $ 17,888 Now let's move from the resistance line as you can see the first resistance is $ 18,920, if you can break it the next resistance will be $ 19,049, $ 19,415 and $ 19,994.

Negative News

Bitcoin loses key dominance support in 4 years, but here's the catch

Source: AMBCrypto

Date: Wed, 07 Sep 2022 15:30:59

Bitcoin [BTC] appears to be on the losing side of the crypto market as altcoins gain momentum. With the Merge and Vasil hardfork coming up, Ethereum [ETH] and Cardano [ADA] are increasingly getting into the spotlight.

Will Bitcoin Revisit June Lows?

Source: Coindesk

Date: Wed, 07 Sep 2022 14:42:38

What's the outlook for bitcoin now? "All About Bitcoin" host Christine Lee discusses the charts and trends with Scott Bauer, CEO of Prosper Trading Academy.

 

ETHEREUM (ETH)

Current Price: $ 1,616.03 (24h Changes: 2.92 %)

Current Market Cap: $ 194,502,423,502 (24h Changes: 2.97 %)

Positive News

Ahead of the Merge, SEBA Bank Launches Ethereum Staking for Institutional Investors

Source: CryptoPotato

Date: Wed, 07 Sep 2022 15:01:36

The digital bank aims to tap into $190-billion Ethereum's market cap as the network moves from PoW to PoS protocol. 

Binance US Launches High-Yield Ethereum Staking Just Days Before Merge

Source: Decrypt

Date: Wed, 07 Sep 2022 14:41:21

The company's staking-rewards rate for ETH nearly doubles that of some of its largest competitors.

Ethereum's Merge Could Boost the Public's Perception of Crypto Overall

Source: Coindesk

Date: Wed, 07 Sep 2022 14:37:43

Crypto podcaster Laura Shin told CoinDesk TV's “First Mover” that the software update may allay the concerns of those worried about the industry's impact on the environment.

Neutral News

Binance US launches low-barrier Ethereum staking ahead of The Merge

Source: Cointelegraph

Date: Wed, 07 Sep 2022 14:00:00

Users can receive up to 6.0% APY with 0.001 ETH staking minimums, but risks apply.

1,363 ETH Worth $2M Was Just Burned

Source: Benzinga

Date: Wed, 07 Sep 2022 13:53:51

What happened: On Tuesday a total of 1,363.98 Ether (CRYPTO: ETH) worth $2,116,165, based on the current value of Ethereum at time of publication ($1,551.46), was burned from Ethereum transactions. Burning is when a coin or token is sent to an unusable wallet to remove it from circulation.

Negative News

Ether dips below $1,600, and El Salvador marks one year of its bitcoin experiment: CNBC Crypto World

Source: CNBC Television

Date: Wed, 07 Sep 2022 15:07:39

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, Jeff Dorman of Arca discusses the latest crypto price moves and what's next for markets.

Ethereum is Not Money: Arthur Hayes

Source: CryptoPotato

Date: Wed, 07 Sep 2022 13:44:19

Hayes believes Ethereum's use cases as money and gas are at odds with each other.

Despite the Recent Drop Ethereum Price Holds $1,550; Should You Worry?

Source: Coingape

Date: Wed, 07 Sep 2022 12:44:28

Ethereum price looks pessimistic to neutral in today's session. ETH holds near the critical trading level which could be a make-or-break situation for the investors.

 

BINANCE (BNB)

Current Price: $ 274.32 (24h Changes: 3.79 %)

Current Market Cap: $ 44,804,875,633 (24h Changes: 3.73 %)

Positive News

Ethereum (ETH), Binance Coin (BNB) and One Additional Exchange Token Look Ripe for Rallies: Crypto Analyst

Source: The Daily Hodl

Date: Wed, 07 Sep 2022 14:05:15

A closely followed analyst has three blue-chip altcoins on his radar that he says look promising as crypto markets brace for the highly anticipated Ethereum (ETH) merge.

Binance Seeks to Rev Up Its BNB Blockchain With Tech That Got Traction on Ethereum

Source: Coindesk

Date: Wed, 07 Sep 2022 13:00:57

Binance effectively announced a separate blockchain where transactions can be offloaded and processed faster and more cheaply.

Neutral News000000000

10 Best Future Cryptocurrency Projects to Invest in 2022

Source: Cryptonews

Date: Wed, 07 Sep 2022 07:30:00

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Bitcoin (18k), Ethereum (1.5k), Binance Coin Price Analyses

Source: The Cryptonomist

Date: Wed, 07 Sep 2022 03:46:10

The Fear and Greed Index is 24 Extreme Fear and is +2 from Tuesday's reading of 22 Extreme Fear

 

CARDANO (ADA)

Current Price: $ 0.48 (24h Changes: 2.66 %)

Current Market Cap: $ 16,179,235,695 (24h Changes: 2.55 %)

Positive News

Cardano (ADA) eyes 15% rally despite Charles Hoskinson's fear over 'macro factors'

Source: Cointelegraph

Date: Wed, 07 Sep 2022 13:05:00

Cardano's Vasil update is expected to be a bullish event, but macro fears are strongly countering the upside bias.

Whales Shifting Attention to Cardano Amid Vasil Optimism: Details

Source: UToday

Date: Wed, 07 Sep 2022 11:16:00

"Cardano has never been stronger": Charles Hoskinson

Cardano (ADA) Price Poised to Hit $0.60 level in Coming Days – Coin Bureau Predicts

Source: CoinPedia

Date: Wed, 07 Sep 2022 11:01:00

Cardano (ADA) has been one of the best-performing altcoins in the past few weeks. The coin surged to $0.50 on February 28 and is currently trading at $0.58. The upsurge in ADA prices can be attributed to the recent developments in the Cardano ecosystem. The Mary hard fork upgrade was successfully activated on March 1.

Neutral News

$ADA: A Closer Look at Minswap, the #1 Cardano-Powered DEX by TVL

Source: CryptoGlobe

Date: Wed, 07 Sep 2022 10:02:15

This article provides an overview of Cardano DApp Minswap, which is “a multi-pool decentralized exchange on Cardano.

ADA Price May Retest Previous Low of $0.41 Level, The Sky Is the Beginning for TAMA

Source: Inside Bitcoins

Date: Wed, 07 Sep 2022 07:25:10

Sellers' momentum increases in ADA Market ADA Price Analysis – September 07 Should the sellers exert more pressure, the daily candle may close below $0.

Negative News

Why Bitcoin, Ethereum, and Cardano Are Falling Today

Source: The Motley Fool

Date: Wed, 07 Sep 2022 11:02:32

The crypto market struggled this morning as investors weigh the macro outlook and contemplate the Fed's next moves.

Cardano Price Prediction Shows Bearish Continuation As Investors Find The Hideaways

Source: CoinPedia

Date: Wed, 07 Sep 2022 07:06:17

Cardano price has been in a strong sideways trend in the past few weeks between $0.40 and $0.59.  Charles Hoskinson, the founder of Cardano, has confirmed the Vasil Fork, which will come on 22nd September.

 

RIPPLE (XRP)

Current Price: $ 0.34 (24h Changes: 4.33 %)

Current Market Cap: $ 16,713,189,944 (24h Changes: 4.03 %)

Positive News

XRP Flips Cardano Again, Claiming Seventh Spot: Details

Source: UToday

Date: Wed, 07 Sep 2022 12:07:00

XRP recorded slight inflows in past week

Ripple's Major Partner in Latin America Launches Crypto Remittances Between Mexico and Canada

Source: UToday0000000

Date: Wed, 07 Sep 2022 11:39:00

Here is how Ripple's partner Bitso will connect three continents

Ripple Advisor Hints at Several CBDC Announcements in Next Couple of Weeks

Source: Coinspeaker

Date: Wed, 07 Sep 2022 08:25:22

Coinspeaker Ripple Advisor Hints at Several CBDC Announcements in Next Couple of Weeks

Neutral News

XRP Crashes Toward $0.30 But Bulls Outperform Against Bitcoin (Ripple Price Analysis)

Source: CryptoPotato

Date: Wed, 07 Sep 2022 13:13:58

Ripple has not been exempt from the recent decline in the cryptocurrency market. Despite this, XRP paints a different picture against Bitcoin.

Negative News

Ripple v. SEC: James K. Filan Discusses Lawsuit's Next Steps

Source: UToday

Date: Wed, 07 Sep 2022 08:38:00

Ripple presently awaits decision by District Judge Torres

Ripple Lawsuit: When Will Dispute Over Hinman Docs Be Resolved?

Source: Coingape

Date: Wed, 07 Sep 2022 05:32:19

The SEC vs Ripple lawsuit proceedings has increased curiosity around the revelation of crucial Hinman Emails and related documents. However, there are still many disputes pending in the case.

XRP Price Slide to Sub-$0.30 Hinged on Hawkish FOMC Member Chatter

Source: FXEmpire

Date: Wed, 07 Sep 2022 04:14:37

XRP is on the back foot today. Following Tuesday's reversal, XRP price action sits in the hands of FOMC members and the Courts.

 

SOLANA (SOL)

Current Price: $ 32.49 (24h Changes: 5.51 %)

Current Market Cap: $ 11,468,697,387 (24h Changes: 4.6 %)

Positive News

Why Solana Will Crush Ethereum Despite "Merge" Upgrades

Source: The Motley Fool

Date: Wed, 07 Sep 2022 11:35:44

Solana is faster and cheaper than Ethereum, and that will be its long-term advantage.

Solana DeFi project Alfprotocol is forming a joint venture with Soldex

Source: AMBCrypto

Date: Wed, 07 Sep 2022 05:15:58

Alfprotocol, a Solana native DeFi protocol has announced it is forming a joint venture with the Solana decentralized exchange (DEX) Soldex. This is aligned with the Alfprotocol vision and mission to become a one-stop shop for DeFi on the Solana blockchain.

Neutral News

Price analysis 9/7: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB

Source: Cointelegraph

Date: Wed, 07 Sep 2022 14:15:00

Bitcoin and select altcoins have dropped to critical support levels and the strength of the rebound lacks strength, increasing the risk of further downside.

Helium: With proposal of migrating to Solana, HNT in past days went

Source: AMBCrypto

Date: Wed, 07 Sep 2022 07:30:01

The Helium Foundation published a proposal on 30 August, that informed users about an important update. The foundation stated the intentions of the Helium core team to migrate to the Solana [SOL] blockchain.

Negative News

Solana (SOL) Price Analysis: Risk of a Major Breakdown

Source: LiveBitcoinNews

Date: Wed, 07 Sep 2022 01:58:09

Solana price started a fresh decline from the $34.50 resistance zone against the US Dollar. The price is now trading below $32 and the 55 simple moving average (4-hours).

 

AVALANCHE (AVAX)

Current Price: $ 19.02 (24h Changes: 3.39 %)

Current Market Cap: $ 5,610,301,177 (24h Changes: 3.32 %)

Positive News

Multichain Bitcoin․com Wallet Now Supports Avalanche (AVAX)

Source: Bitcoin

Date: Wed, 07 Sep 2022 13:00:13

Bitcoin.com has added support for the smart contract platform Avalanche to its self-custodial web3 wallet. The addition of Avalanche to the multichain Bitcoin.com Wallet means the wallet's millions of users are now able to buy, sell, send, receive, and manage $AVAX.

Negative News

Attacker scoops $370,000 profit in $51 million flash loan arbitrage on Avalanche

Source: The Block

Date: Wed, 07 Sep 2022 08:05:16

One crypto arbitrageur was able to gain $370,000 from a flash loan exploit on the Avalanche-based DeFi platform Nereus Finance. The post Attacker scoops $370,000 profit in $51 million flash loan arbitrage on Avalanche appeared first on The Block.

Avalanche Blockchain Used To Implement Flash Loan Attack - $370K Nabbed

Source: Cryptonews

Date: Wed, 07 Sep 2022 12:40:00

In the latest major hacking attempt against Avalanche (AVAX), a flash loan attack that targeted the blockchain enabled its unknown perpetrator to steal as much as USD 370,000 worth of USD Coin (USDC), per a recent announcement by CertiK Alert. 

Avalanche DeFi Staking Platform Suffers Flash Loan Attack

Source: CryptoPotato

Date: Wed, 07 Sep 2022 12:05:21

The exploiter drained $370,000 in USDC stablecoin. 

 

NEAR (NEAR)

Current Price: $ 4.36 (24h Changes: 9.13 %)

Current Market Cap: $ 3,405,029,152 (24h Changes: 8.59 %)

Negative News

NEAR Price Could Drop To $3 If This Bearish Pattern Continues

Source: NewsBTC

Date: Wed, 07 Sep 2022 12:35:13

Since its launch in October 2020, the NEAR token has endured adversity. With the current market at one of its lowest point in history, NEAR could become a bit flaky.

 

The thumbnail image of this article was taken from Unsplash, and granted the free rights to use under the Unsplash License by https://unsplash.com/@kanchanara

 

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quantdoge
quantdoge

Data scientist in crypto and blockchain space.


What Happens To Crypto Today?
What Happens To Crypto Today?

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