What Happens To L1 Tokens Today? (11 Feb 2023, Friday)

What Happens To L1 Tokens Today? (11 Feb 2023, Friday)


"What happens to L1 Tokens today?" is a crypto news curator that curates high-quality and insightful Layer-1 Token news for you daily.

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2023-02-11 (Saturday)

 

BITCOIN (BTC)

Current Price: $ 21,755 (24h Changes: -0.72 % )

Current Market Cap: $ 419,607,478,057 (24h Changes: -0.74 % )


BTC-Positive News

1. Bitcoin NFTs Protocol Ordinals Nears 50,000 Inscriptions
Source: Bitcoin Magazine
Date: Fri, 10 Feb 2023 14:17:25

With the introduction of Ordinals, Bitcoiners have now inscripted more than 45,000 NFTs directly onto the Bitcoin blockchain.

2. Gamma Launches No-Code Creator Platform for Bitcoin NFTs
Source: Dailycoin
Date: Fri, 10 Feb 2023 14:00:14

Ordinals are a huge breakthrough for Bitcoin, and Gamma is leading the conversation; however, Maxis may disagree.

3. CryptoPunks, On Bitcoin?! How NFTs On Bitcoin Are Unlike Any Other
Source: Bitcoinist
Date: Fri, 10 Feb 2023 12:31:05

You read that right. There are currently 10,000 ?Bitcoin CryptoPunks' that have just finished the process of being minted this week.

BTC-Neutral News

1. Bitcoin Price Analysis: Circling 21856 - 11 February 2023
Source: Crypto Daily
Date: Fri, 10 Feb 2023 11:00:00

BTC/USD Extends Pullback:  Sally Ho's Technical Analysis ? 11 February 2023 Bitcoin (BTC/USD) extended its recent depreciation early in the Asian session as the pair continued to orbit the 21856.82 area that represents the 61.8% retracement of the appreciating range from 20370.01 to 24262.18.  Selling pressure recently intensified around the 22832.44 area and drove BTC/USD as low as the 21636.10 area, its weakest print since 20 February 2023.

2. Bitcoin has to stay above this level to keep uptrend on track and reach $25,000 at end of February
Source: CryptoNewsFlash
Date: Fri, 10 Feb 2023 10:54:27

Bitcoin's daily close under $22,692 could end up its bullish momentum for the asset since the beginning of 2023.

3. Bitcoin price faces key moving average showdown 3 weeks after breakout
Source: Cointelegraph
Date: Fri, 10 Feb 2023 10:42:09

The 200-day moving average is coming back to haunt BTC bulls after staying as resistance for over a year.

BTC-Negative News

1. Analyst Sees Zero Chance of Spot Bitcoin (BTC) ETF Approval After Gensler's Comments
Source: UToday
Date: Fri, 10 Feb 2023 13:46:00

On Feb. 10, U.S. Securities and Exchange Commission Chairman Gary Gensler appeared on CNBC to discuss a recent enforcement action against cryptocurrency trading platform Kraken.

2. Bitcoin Price Outlook for February
Source: Bitcoin
Date: Fri, 10 Feb 2023 13:30:40

February has been a rollercoaster ride for cryptocurrency traders, with market volatility leading to high levels of price uncertainty. Following a strong start to the month, bitcoin prices have since plunged, resulting in a current bear run.

3. Price analysis 2/10: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, AVAX
Source: Cointelegraph
Date: Fri, 10 Feb 2023 13:30:22

The SEC's crackdown on Kraken has sent a shockwave through the crypto sector. Is this week's correction a buy the dip opportunity or a sign of worse things to come?

ETHEREUM (ETH)

Current Price: $ 1,531.77 (24h Changes: -2.46 % )

Current Market Cap: $ 184,523,279,827 (24h Changes: -2.43 % )


ETH-Positive News

1. SEC Staking Crackdown Could be Positive for Decentralized Ethereum: Analyst
Source: CryptoPotato
Date: Fri, 10 Feb 2023 12:25:42

Crypto markets are reeling today following the latest enforcement action from the U.S. SEC. However, there could be a silver lining for Ethereum and crypto staking.

2. Aave launches GHO stablecoin on Ethereum testnet as token checks the bears
Source: AMBCrypto
Date: Fri, 10 Feb 2023 11:30:37

Decentralized lending project Aave has launched its stablecoin GHO on Ethereum's [ETH] testnet according to an official tweet on 9 February. The project had been working on the stablecoin since last year after it got a go-ahead from its community.

3. Cardano Ranks Biggest Staking Network After Ethereum, Here Are Details
Source: UToday
Date: Fri, 10 Feb 2023 11:25:00

According to staking rewards, Cardano ranks as the second-largest proof-of-stake (POS) network after Ethereum, with a staking market cap of $9.22 billion. Ethereum, on the other hand, has a staking market cap of $26.95 billion.

ETH-Neutral News

1. Ethereum Price Predictions: Is the ETH Crypto Really Going to $0?
Source: Investorplace
Date: Fri, 10 Feb 2023 14:45:26

Here are some expert Ethereum price predictions for investors intrigued by the ETH crypto's rather volatile moves of late.

2. What Ether Validators Should Know As The Shanghai Hard Fork Nears
Source: Zycrypto
Date: Fri, 10 Feb 2023 12:02:00

The Ethereum foundation has called on Ethereum validators to prepare for the upcoming Shanghai network upgrade, which is set to unlock their validator balances for withdrawal.

3. Staking Ban Fears Before Ethereum Shanghai Upgrade; Time To Buy The Dip?
Source: Coingape
Date: Fri, 10 Feb 2023 10:25:31

Ethereum Staking Kraken: After crypto exchange Kraken announced the closure of its staking service, the onus is now on the 1.23 million ETH staked assets belonging to users. The exchange said the unstaking would only be allowed after the upcoming Shanghai upgrade.

ETH-Negative News

1. Ethereum (ETH) Price Reaches Inflection Point, Risks A Massive Fall Next Week
Source: Coingape
Date: Fri, 10 Feb 2023 14:10:36

Ethereum (ETH) price fell over 7% in the last 24 hours due to the U.S. SEC's regulatory action against crypto exchange Kraken to start a crackdown on crypto staking in the U.S. Ethereum price is currently trading near the support level of $1,520, almost close to the psychological support level of $1,500. If the ETH The post Ethereum (ETH) Price Reaches Inflection Point, Risks A Massive Fall Next Week appeared first on CoinGape.

2. Price analysis 2/10: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, AVAX
Source: Cointelegraph
Date: Fri, 10 Feb 2023 13:30:22

The SEC's crackdown on Kraken has sent a shockwave through the crypto sector. Is this week's correction a buy the dip opportunity or a sign of worse things to come?

3. Kraken to shut down Bitcoin and Ethereum mining to settle with SEC ? Is this the end for staking in the US for investors?
Source: CryptoNewsFlash
Date: Fri, 10 Feb 2023 12:13:48

Kraken and the U.S. SEC reach a settlement that requires the exchange to halt cryptocurrency staking in the United States.

BINANCE (BNB)

Current Price: $ 308.2 (24h Changes: -0.33 % )

Current Market Cap: $ 48,686,278,564 (24h Changes: -0.37 % )


BNB-Positive News

1. Uniswap BNB deployment passes with 66% yes votes despite a16z rejection
Source: CryptoSlate
Date: Fri, 10 Feb 2023 14:33:16

The proposal to deploy Uniswap V3 (UNI) to BNB Chain (BNB) was accepted by 65.89% yes votes on February 10, even though Andreessen Horowitz (a16z) used its 15 million votes to oppose it on February 6.

2. Uniswap Coming to BNB Chain? Governance Says Yes
Source: Blockworks
Date: Fri, 10 Feb 2023 12:23:23

Despite resistance from venture capitalist firms, Uniswap v3 will be deployed on Binance's BNB Chain, using Wormhole as its cross-chain bridge

3. Uniswap DAO Approves Proposal For BNB Migration; What's Next?
Source: Coingape
Date: Fri, 10 Feb 2023 10:56:01

Crypto News: Uniswap's Decentralized Autonomous Organization (DAO) has recently finished the final vote that will be utilized to carry out the intended deployment of Uniswap v3 on the BNB Chain. According to the portal that tallied the votes for the referendum, almost 66% of DAO delegates voted in support of the change, which was completed The post Uniswap DAO Approves Proposal For BNB Migration; What's Next?

BNB-Neutral News

1. Uniswap Vote on BNB Deployment Ends With Silicon Valley's A16Z on Losing Side
Source: Coindesk
Date: Fri, 10 Feb 2023 12:34:53

Uniswap's community wants to bring the exchange to BNB Chain before copycats can launch identical competitors.

BNB-Negative News

1. Price analysis 2/10: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, AVAX
Source: Cointelegraph
Date: Fri, 10 Feb 2023 13:30:22

The SEC's crackdown on Kraken has sent a shockwave through the crypto sector. Is this week's correction a buy the dip opportunity or a sign of worse things to come?

CARDANO (ADA)

Current Price: $ 0.36 (24h Changes: -1.37 % )

Current Market Cap: $ 12,782,659,939 (24h Changes: -1.34 % )


ADA-Positive News

1. Cardano founder C.Hoskinson proposes contingent staking to meet regulatory needs 
Source: Finbold
Date: Fri, 10 Feb 2023 11:39:49

As the crypto space comes to terms with the renewed regulatory scrutiny around staking activities, Cardano (ADA) founder Charles Hoskinson has shared a model that could align with legal requirements.

2. Cardano Ranks Biggest Staking Network After Ethereum, Here Are Details
Source: UToday
Date: Fri, 10 Feb 2023 11:25:00

According to staking rewards, Cardano ranks as the second-largest proof-of-stake (POS) network after Ethereum, with a staking market cap of $9.22 billion. Ethereum, on the other hand, has a staking market cap of $26.95 billion.

3. Cardano's Valentine's Upgrade to Bring More Cross-Chain Love
Source: Dailycoin
Date: Fri, 10 Feb 2023 11:00:33

Cardano's SECP upgrade is confirmed for mainnet launch on Valentine's Day as a gift to Plutus dApp developers.

ADA-Neutral News

1. Charles Hoskinson Says Cardano Ecosystem Is Fine After SEC Bans Kraken US Staking Service ? But There's a Catch
Source: The Daily Hodl
Date: Fri, 10 Feb 2023 14:41:47

Cardano (ADA) co-founder Charles Hoskinson says ADA remains on solid footing despite the U.S. Securities and Exchange Commission's (SEC) crackdown on Kraken's crypto-staking services. In a new Youtube video, Hoskinson says the fact the SEC charged Kraken for violating securities laws for its staking services will force a larger national discussion about the issue.

2. Crypto Price Analysis Feb-10: ETH, XRP, ADA, SOL, and LDO
Source: CryptoPotato
Date: Fri, 10 Feb 2023 06:13:49

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Lido. Ethereum (ETH) With the bullish momentum lost, Ethereum has entered a corrective phase, dropping by 5.9% in the past week.

3. Crypto community sets Cardano price for February 28, 2023
Source: Finbold
Date: Fri, 10 Feb 2023 04:55:04

Cardano (ADA) is recording extended sell-offs, with bears appearing to take control of the asset after failing clear key resistance levels. The decentralized finance (DeFi) asset has lost momentum in line with the overall crypto market cooldown.

ADA-Negative News

1. Price analysis 2/10: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, AVAX
Source: Cointelegraph
Date: Fri, 10 Feb 2023 13:30:22

The SEC's crackdown on Kraken has sent a shockwave through the crypto sector. Is this week's correction a buy the dip opportunity or a sign of worse things to come?

2. Biggest Movers: SOL, ADA Plunge, as Market Momentum Turns Bearish
Source: Bitcoin
Date: Fri, 10 Feb 2023 11:30:39

Solana slipped to a three-week low on Feb.10, as momentum in cryptocurrency markets remained firmly bearish. At the time of writing this, the global market cap is trading 4.23% lower, with bears recapturing sentiment. Cardano was also on the decline, falling by as much as 8% today.

3. Cardano (ADA) Price Dives 6% But This Key Support Is The Key
Source: NewsBTC
Date: Fri, 10 Feb 2023 00:29:21

Cardano's price started a fresh decline after it failed to surpass $0.40. ADA could extend its decline towards the key $0.335 support zone in the near term.

RIPPLE (XRP)

Current Price: $ 0.38 (24h Changes: -0.71 % )

Current Market Cap: $ 19,521,322,388 (24h Changes: -0.75 % )


XRP-Positive News

1. Ripple CEO Makes a Splash with Positive Updates
Source: Dailycoin
Date: Fri, 10 Feb 2023 13:00:39

Ripple CEO Brad Garlinghouse provides updates on the XRP lawsuit and highlights positive global regulatory developments for the crypto industry.

2. XRP Price Stands Stable Amid Market Crash; Is This Whale Effect?
Source: Coingape
Date: Fri, 10 Feb 2023 09:09:23

XRP News: The global digital asset market saw a heavy decline on Friday as the largest of the cryptos like Bitcoin (BTC) and Ethereum (ETH) price slides by more than 4%. However, Ripple's native token, XRP stood its ground amid the market crash, while, crypto whales went on to move more XRP tokens.

3. Ripple CEO Hails Progress In Crypto Regulation Worldwide, Points Out USA's Flaws
Source: CoinPedia
Date: Fri, 10 Feb 2023 07:38:53

The evolution of cryptocurrencies from speculative investment to a new asset class has caused governments all around the world to look for ways to regulate them. Steps are being taken to make crypto a safer investment option without penalising the crypto firms or running them to the ground.

XRP-Neutral News

1. XRP steady at 23.6% Fib level: At which level will investors find gains
Source: AMBCrypto
Date: Fri, 10 Feb 2023 12:30:40

Ripple's [XRP] recovery could be more difficult over the weekend. In the past 24 hours, Bitcoin [BTC] dropped by 3.5%, as per CoinMarketCap.

2. 70.8 Million XRP Found in Wallets of These Investors
Source: UToday
Date: Fri, 10 Feb 2023 11:00:00

According to WhaleStats, there are more than 70.8 million XRP in the accounts of BNB and other assets on the network of the same name. Given the current token price of $0.38 per XRP, that volume can be estimated at $27.34 million.

3. Community urges Coinbase to relist XRP as CEO fights for staking
Source: Cointelegraph
Date: Fri, 10 Feb 2023 08:18:08

The community is wondering whether delisting XRP in 2020 was due to Coinbase's willingness to protect customers from ?government overreach.?

XRP-Negative News

1. Price analysis 2/10: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, AVAX
Source: Cointelegraph
Date: Fri, 10 Feb 2023 13:30:22

The SEC's crackdown on Kraken has sent a shockwave through the crypto sector. Is this week's correction a buy the dip opportunity or a sign of worse things to come?

2. Crypto Whales Dump Nearly 100 XRP Tokens, What's Next For XRP Price?
Source: CoinPedia
Date: Fri, 10 Feb 2023 11:52:54

The global crypto market cap is barely maintaining its position above the $1 Trillion mark as the pioneering cryptocurrency, Bitcoin, tumbles down its major support level. While the overall crypto market faces the bear effect, the sixth largest cryptocurrency, XRP price is trying its best to hold on to its upper trend.

3. Ripple Price Reaches Bearish Exhaustion And Holds Above $0.37
Source: Coin Idol
Date: Fri, 10 Feb 2023 08:47:00

The price of Ripple (XRP) has come under renewed selling pressure, reaching a low of $0.37.

SOLANA (SOL)

Current Price: $ 20.83 (24h Changes: -3.2 % )

Current Market Cap: $ 7,805,009,394 (24h Changes: -2.88 % )


SOL-Positive News

1. Crypto Exchange Binance Adds Shiba Inu (SHIB) and Three Other Altcoins As Verifiable Digital Assets
Source: The Daily Hodl
Date: Fri, 10 Feb 2023 14:05:02

The world's largest crypto exchange platform by volume is adding Shiba Inu (SHIB) and three other altcoins to its list of verifiable crypto assets. In a new company blog post, Binance says its introducing zero-knowledge (zk) SNARKS, a verification method that keeps information secure, to its proof-of-reserves identification system.

2. Breaking: Binance Upgrades Proof Of Reserves System, Adds Shiba Inu And Solana
Source: Coingape
Date: Fri, 10 Feb 2023 06:39:15

The world's largest crypto exchange Binance has integrated zk-SNARKs into its Proof of Reserves (PoR) Verification System, the crypto exchange disclosed on Friday. In addition, Binance has added Shiba Inu (SHIB), Polkadot (DOT), Chiliz (CHZ), and Solana (SOL) crypto assets to the system, increasing the total verifiable assets to 13 popular tokens on Binance.

3. Solana's Phantom Wallet Launches New Tool to Prevent Scam: Details
Source: UToday
Date: Fri, 10 Feb 2023 05:49:00

Phantom Wallet, one of the most prominent noncustodial service providers on the Solana network, has announced the introduction of three new security standards for its users. Dubbed "Sign in With" (SIW) Standards, Phantom said the new provision is one of its proactive measures to protect its users from exploits.

SOL-Neutral News

1. Sharky Fi to halt NFT withdrawals during solana downtime
Source: Crypto news
Date: Fri, 10 Feb 2023 08:55:41

NFT lending platform Sharky Fi has announced that it might disable foreclosures for loans ?at a loss for borrowers? for a few hours.

2. Crypto Price Analysis Feb-10: ETH, XRP, ADA, SOL, and LDO
Source: CryptoPotato
Date: Fri, 10 Feb 2023 06:13:49

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Lido. Ethereum (ETH) With the bullish momentum lost, Ethereum has entered a corrective phase, dropping by 5.9% in the past week.

SOL-Negative News

1. Biggest Movers: SOL, ADA Plunge, as Market Momentum Turns Bearish
Source: Bitcoin
Date: Fri, 10 Feb 2023 11:30:39

Solana slipped to a three-week low on Feb.10, as momentum in cryptocurrency markets remained firmly bearish. At the time of writing this, the global market cap is trading 4.23% lower, with bears recapturing sentiment. Cardano was also on the decline, falling by as much as 8% today.

2. Why Ethereum, Solana, and Chainlink Are Falling Today
Source: The Motley Fool
Date: Fri, 10 Feb 2023 10:43:29

Macroeconomic fears have arisen this week, as well as regulatory uncertainty.

3. SOL Price Is Due For 10% Downward Correction! These Are The Key Levels To Watch Out
Source: CoinPedia
Date: Fri, 10 Feb 2023 08:58:59

Solana (SOL) experienced a triumphant rebound as it soared 5% after a three-day drop that saw the cryptocurrency plunge by 8%. Traders felt bullish vibes on the speech given by US Fed Chair Jerome Powell as it created the perfect opportunity to reverse the SOL price trend.

AVALANCHE (AVAX)

Current Price: $ 18.11 (24h Changes: -1.27 % )

Current Market Cap: $ 5,705,809,374 (24h Changes: -1.31 % )


AVAX-Negative News

1. Price analysis 2/10: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, AVAX
Source: Cointelegraph
Date: Fri, 10 Feb 2023 13:30:22

The SEC's crackdown on Kraken has sent a shockwave through the crypto sector. Is this week's correction a buy the dip opportunity or a sign of worse things to come?

 

COSMOS (ATOM)

Current Price: $ 13.83 (24h Changes: 0.87 % )

Current Market Cap: $ 4,048,209,458 (24h Changes: 1.08 % )


ATOM-Positive News

1. SushiSwap Acquires Cosmos-Based Trading Platform Vortex Protocol
Source: Decrypt
Date: Fri, 10 Feb 2023 08:59:02

The acquisition of Vortex Protocol also means SushiSwap will be rolling out its services on Cosmos in Q2 this year.

2. Invest in Crypto Like a Pro. Buy TMS Network (TMS), Dogecoin (DOGE), and Cosmos (ATOM) Today
Source: CryptoNewsFlash
Date: Fri, 10 Feb 2023 07:41:44

Professional investors make a lot of money because they have the tools and understanding.  Fortunately, with assets like TMS Network (TMS), Dogecoin (DOGE), and Cosmos (ATOM), professional results are available to everyone.

3. The 7 Best Cryptos to Buy for February 2023
Source: Investorplace
Date: Fri, 10 Feb 2023 06:45:27

These best cryptos can deliver robust gains on the back of their impressive use-cases and the ability to generate healthy gains over time

 

POLKADOT (DOT)

Current Price: $ 6.28 (24h Changes: -0.7 % )

Current Market Cap: $ 7,536,351,076 (24h Changes: -0.55 % )


DOT-Positive News

1. Crypto Exchange Binance Adds Shiba Inu (SHIB) and Three Other Altcoins As Verifiable Digital Assets
Source: The Daily Hodl
Date: Fri, 10 Feb 2023 14:05:02

The world's largest crypto exchange platform by volume is adding Shiba Inu (SHIB) and three other altcoins to its list of verifiable crypto assets. In a new company blog post, Binance says its introducing zero-knowledge (zk) SNARKS, a verification method that keeps information secure, to its proof-of-reserves identification system.

2. Polkadot helps earthquake victims in Turkey and Syria
Source: Crypto news
Date: Fri, 10 Feb 2023 12:34:33

Polkadot is the latest crypto firm to help raise funds to support the millions of earthquake victims that affected Turkey and Syria.

3. Polkadot-Based GameFi Ajuna Network Bags $7M for Ecosystem Development
Source: CryptoPotato
Date: Fri, 10 Feb 2023 09:00:40

The project will use the funds to enhance its tools and gaming ecosystem. 

DOT-Negative News

1. Price analysis 2/10: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, AVAX
Source: Cointelegraph
Date: Fri, 10 Feb 2023 13:30:22

The SEC's crackdown on Kraken has sent a shockwave through the crypto sector. Is this week's correction a buy the dip opportunity or a sign of worse things to come?

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quantdoge
quantdoge

Data scientist in crypto and blockchain space.


What Happens To Crypto Today?
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