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What Happens To L1 Tokens Today? (14 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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2023-03-14 (Tuesday)

 

BITCOIN (BTC)

Current Price:  $ 24,298 (24h Changes: 11.24 % )

Current Market Cap:  $ 469,282,986,996 (24h Changes: 10.74 % )


BTC-Positive News

1. Bitcoin Surges Past $24,000 As U.S. Sees Major Banks Fail
Source:  Bitcoin Magazine
Date:  Mon, 13 Mar 2023 12:21:46

The bitcoin price rocketing to $24,000 amidst the banking crisis is reflecting the world's need for a sound money alternative.

2. Bitcoin rallies to $24,000 even as regulators shut down Signature Bank: CNBC Crypto World
Source:  CNBC Television
Date:  Mon, 13 Mar 2023 15:01:22

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, William Quigley, the co-founder of Tether and WAX Blockchain, discusses the fallout in the crypto industry from the closure of Signature Bank and Silicon Valley Bank.

3. Solo Bitcoin Miner Wins Rare Block Reward Worth Over $150,000
Source:  Blockchain News
Date:  Mon, 13 Mar 2023 13:08:22

A solo Bitcoin miner successfully mined the 780,112th block in the Bitcoin blockchain, earning a block reward of 6.25 BTC worth over $150,000. The miner was able to produce a valid hash after just two days of mining, a rare occurrence that typically takes solo miners months to achieve.


BTC-Neutral News

1. Binance Suddenly Converts $1 Billion From Industry Recovery Initiative to Bitcoin, Ether, BNB – Here's Why
Source:  Cryptonews
Date:  Mon, 13 Mar 2023 12:30:00

Binance has confirmed plans to convert $1 billion worth of Binance USD (BUSD) from its Industry Recovery Initiative to native crypto assets, including Bitcoin, Ethereum, and BNB.

2. Breaking: Massive Bitcoin (BTC) Whale Transfers Sign Of Pump And Dump?
Source:  Coingape
Date:  Mon, 13 Mar 2023 12:34:03

Crypto News: In the middle of a huge Bitcoin price pump, crypto whales appear to have sprung into action with huge asset bags. While the failure of the Silicon Valley Bank and Signature Bank led to a rout in the US banking stocks on Monday, a crypto market pump came as a welcome move for The post Breaking: Massive Bitcoin (BTC) Whale Transfers Sign Of Pump And Dump?

3. Bitcoin Price Analysis: Breather Around 22074 - 14 March 2023
Source:  Crypto Daily
Date:  Mon, 13 Mar 2023 12:30:00

BTC/USD Takes Breather Around 22074:  Sally Ho's Technical Analysis – 14 March 2023 Bitcoin (BTC/USD) pared some recent gains early in the Asian session as the pair hovered around the 22074 level after peaking around the 22832 area on the bounce higher, a test of a price objective that became technically significant following selling pressure around the 24600 area.  Stops were executed above the 21753, 22428, 23103, 23938, and 24064 levels during the move higher, upside retracement levels associated with selling pressure that intensified around the 25288 area.


BTC-Negative News

1. Crypto's Last Days: Will 2023 Be The End For Cryptocurrency?
Source:  CryptoPotato
Date:  Mon, 13 Mar 2023 14:19:44

The end of cryptocurrency may be near. We'll be discussing the reasons why cryptocurrency might eventually lose its value, and what this means for the future of the cryptocurrency market.

2. Analyst Benjamin Cowen Says Evidence Suggests Bitcoin (BTC) Still Moves Lower Before New Bull Market
Source:  The Daily Hodl
Date:  Mon, 13 Mar 2023 10:30:39

A widely followed crypto analyst says there's evidence that Bitcoin (BTC) could have much further to drop before sparking a fresh bull run.

3. Silicon Valley Bank and Signature Bank Reignite ‘Moral Hazard' Dilemma Bitcoin Was Designed to End
Source:  Coindesk
Date:  Mon, 13 Mar 2023 15:39:39

A debate from the 2008 financial crisis resurfaces as the FDIC intervenes to help two troubled institutions with crypto connections, says CoinDesk's David Z. Morris.

 

ETHEREUM (ETH)

Current Price:  $ 1,686.94 (24h Changes: 6.08 % )

Current Market Cap:  $ 203,190,848,623 (24h Changes: 6.38 % )


ETH-Positive News

1. $1 Billion Buying Pressure On Bitcoin, ETH, BNB Incoming, Binance Will Convert Recovery Fund
Source:  NewsBTC
Date:  Mon, 13 Mar 2023 03:58:12

Bitcoin and the broader crypto market showed a strong recovery on Sunday afternoon (EST), although it was probably the most chaotic weekend in a long time. The crypto ecosystem lost another key banking partner.

2. Crypto Is Recovering Slowly: 2 Cryptos to Buy Now
Source:  The Motley Fool
Date:  Mon, 13 Mar 2023 05:45:00

These two cryptocurrencies have treated investors well for years, and that doesn't look to be changing anytime soon.

3. Crypto Prices Today: Bitcoin, Ethereum Gains Over 8%; Whereas Major Altcoins Jump Over 6% As Market Recovers
Source:  Coingape
Date:  Mon, 13 Mar 2023 02:28:05

Crypto Prices Today: Bitcoin and other Altcoins are still seeing a jump today despite the collapse of two major crypto-related banks last week. As of writing, Bitcoin price increased by 8.68% in the last 24 hours.


ETH-Neutral News

1. Binance Suddenly Converts $1 Billion From Industry Recovery Initiative to Bitcoin, Ether, BNB – Here's Why
Source:  Cryptonews
Date:  Mon, 13 Mar 2023 12:30:00

Binance has confirmed plans to convert $1 billion worth of Binance USD (BUSD) from its Industry Recovery Initiative to native crypto assets, including Bitcoin, Ethereum, and BNB.

2. Binance Swaps BUSD Stablecoin From 'Recovery Fund' to Bitcoin, Ethereum, BNB
Source:  Decrypt
Date:  Mon, 13 Mar 2023 07:24:22

Binance to spend its BUSD stablecoin on scooping up Bitcoin, Ethereum, and its native BNB token, the firm's CEO said.

3. Binance to Acquire $1,000,000,000 in Bitcoin, Binance Coin and Ethereum in Massive Stablecoin Swap
Source:  The Daily Hodl
Date:  Mon, 13 Mar 2023 04:11:45

Crypto giant Binance says it's converting $1 billion of its dollar-pegged stablecoin BUSD into Bitcoin, Binance Coin and Ethereum. Binance CEO Changpeng Zhao says this represents the remainder of the company's industry recovery fund, which is designed to support struggling players in the industry after the collapse of FTX.


ETH-Negative News

1. PeopleDAO hacked via Google Sheets, $120,000 worth of ether stolen
Source:  The Block
Date:  Mon, 13 Mar 2023 08:33:23

PeopleDAO has lost 76.5 ether, equal to about $120,000, to a hacker who gained control of the project's payout form that was shared to a public channel.

2. Breaking: Bitcoin, Ethereum Fall As First Republic Bank Crashes 70% In Premarket Like SVB
Source:  Coingape
Date:  Mon, 13 Mar 2023 08:17:16

First Republic Bank, another bank insured by the U.S. Federal Deposit Insurance Corporation (FDIC), plunges 70% in pre-market trading hours on Monday. Last week, shares of Silicon Valley Bank's parent firm SVB Financial Group plummeted 70% in pre-market trading hours, causing regulators to take action.

3. Bitcoin and Ethereum: Crypto responds to SVB, Signature Bank crisis
Source:  Proactive Investors
Date:  Mon, 13 Mar 2023 05:24:06

Bitcoin (BTC) had every right to a miserable weekend.  In a week that saw crypto-adjacent bank Silvergate Bank finally fold after months of speculation, followed by yet another collapse in the form of Silicon Valley Bank.

 

BINANCECOIN (BNB)

Current Price:  $ 310.31 (24h Changes: 8.21 % )

Current Market Cap:  $ 48,984,013,831 (24h Changes: 7.88 % )


BNB-Positive News

1. Binance's conversion of $1B industry recovery fund to BTC, ETH & BNB triggers price pump
Source:  CryptoNewsFlash
Date:  Mon, 13 Mar 2023 10:07:03

Binance has decided to convert its $1 billion in its Industry Recovery Initiative from BUSD to BTC, ETH, and BNB.

2. $1 Billion Buying Pressure On Bitcoin, ETH, BNB Incoming, Binance Will Convert Recovery Fund
Source:  NewsBTC
Date:  Mon, 13 Mar 2023 03:58:12

Bitcoin and the broader crypto market showed a strong recovery on Sunday afternoon (EST), although it was probably the most chaotic weekend in a long time. The crypto ecosystem lost another key banking partner.

3. Binance converting $1 billion in BUSD to bitcoin, ether and BNB
Source:  The Block
Date:  Mon, 13 Mar 2023 03:00:39

Binance CEO Changpeng Zhao announced on Twitter that exchange would convert approximately $1 billion of BUSD to bitcoin, ether and BNB.


BNB-Neutral News

1. Binance to Acquire $1,000,000,000 in Bitcoin, Binance Coin and Ethereum in Massive Stablecoin Swap
Source:  The Daily Hodl
Date:  Mon, 13 Mar 2023 04:11:45

Crypto giant Binance says it's converting $1 billion of its dollar-pegged stablecoin BUSD into Bitcoin, Binance Coin and Ethereum. Binance CEO Changpeng Zhao says this represents the remainder of the company's industry recovery fund, which is designed to support struggling players in the industry after the collapse of FTX.

2. Binance Suddenly Converts $1 Billion From Industry Recovery Initiative to Bitcoin, Ether, BNB – Here's Why
Source:  Cryptonews
Date:  Mon, 13 Mar 2023 12:30:00

Binance has confirmed plans to convert $1 billion worth of Binance USD (BUSD) from its Industry Recovery Initiative to native crypto assets, including Bitcoin, Ethereum, and BNB.

3. Binance Swaps BUSD Stablecoin From 'Recovery Fund' to Bitcoin, Ethereum, BNB
Source:  Decrypt
Date:  Mon, 13 Mar 2023 07:24:22

Binance to spend its BUSD stablecoin on scooping up Bitcoin, Ethereum, and its native BNB token, the firm's CEO said.


BNB-Negative News

1. Binance to Dump $1B BUSD for BTC, ETH, BNB
Source:  Dailycoin
Date:  Mon, 13 Mar 2023 08:06:46

All you need to know about Binance's latest move to move some $985 million into crypto.

 

CARDANO (ADA)

Current Price:  $ 0.35 (24h Changes: 5.46 % )

Current Market Cap:  $ 12,142,294,482 (24h Changes: 5.16 % )


ADA-Positive News

1. Price analysis 3/13: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL
Source:  Cointelegraph
Date:  Mon, 13 Mar 2023 13:29:16

The banking crisis in the U.S. has led to aggressive buying in Bitcoin and select altcoins, which are nearing stiff overhead resistance levels.

2. Cardano (ADA) Rallies 8% In The Last Day, What's Next?
Source:  NewsBTC
Date:  Mon, 13 Mar 2023 12:30:17

One of Ethereum's strongest competitors, Cardano (ADA), is among the top-gaining coins today, with an 8% price increase on the last day. This comes after several days of a bearish slump in prices across the market, causing ADA to lose most of its previous week's gains.

3. Cardano (ADA) Price Approaches a Crucial Stage-Is a Breakout Imminent?
Source:  CoinPedia
Date:  Mon, 13 Mar 2023 03:19:34

Cardano is quietly working to strengthen its platform with fresh upgrades that may help improve the decentralization of the project. Recently, the platform achieved a milestone of its first wrapped BTC on the Cardano chain (CBTC), which works similarly to that of wBTC on Ethereum but without a central custodian.


ADA-Neutral News

1. Cardano Founder Brings Up Crypto Collaterals Amid US Bank Collapse
Source:  Coingape
Date:  Mon, 13 Mar 2023 12:00:05

Cardano Price News: Cardano founder Charles Hoskinson made subtle remarks over the ongoing crisis surrounding the failure of Silicon Valley Bank and the Signature Bank. He made the comment in the wake of yet another sharp fall in US bank stocks despite the US regulators taking measures to preserve liquidity for the protection of the The post Cardano Founder Brings Up Crypto Collaterals Amid US Bank Collapse appeared first on CoinGape.

2. News and predictions on the price of Cardano (ADA)
Source:  The Cryptonomist
Date:  Mon, 13 Mar 2023 06:17:40

In the article we will go over news and strategies on the development of Cardano (ADA), analyzing the new developments and providing the forecast on the price of ADA.

3. Cardano Founder Defies Crypto Critics Despite Bank Failures
Source:  Coincu
Date:  Mon, 13 Mar 2023 11:57:51

Charles Hoskinson, the founder of Cardano, has taken a swipe at critics of cryptocurrencies in a recent tweet.

 

RIPPLE (XRP)

Current Price:  $ 0.38 (24h Changes: 1.36 % )

Current Market Cap:  $ 19,165,293,784 (24h Changes: 1.14 % )


XRP-Positive News

1. Brad Garlinghouse Encourages Ripple Community Following SVB Collapse
Source:  Bitcoinist
Date:  Mon, 13 Mar 2023 11:00:46

In the wake of the Silicon Valley Bank collapse, Ripple CEO Brad Garlinghouse has assured investors that the company is in a strong financial position.  There have been several cases of shuttered banks this month, which has affected many crypto firms.

2. Price analysis 3/13: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL
Source:  Cointelegraph
Date:  Mon, 13 Mar 2023 13:29:16

The banking crisis in the U.S. has led to aggressive buying in Bitcoin and select altcoins, which are nearing stiff overhead resistance levels.

3. Ripple in ‘Strong Financial Position' despite SVB Exposure, CEO Says
Source:  Coinspeaker
Date:  Mon, 13 Mar 2023 09:09:30

Garlinghouse noted that financial systems are broken given their high susceptibility to rumors as evidenced by the current banking crisis. 


XRP-Neutral News

1. Ripple CEO admits company held ‘some' cash in Silicon Vally Bank
Source:  Crypto news
Date:  Mon, 13 Mar 2023 08:38:29

Ripple's Brad Garlinghouse has revealed that the project had some exposure to the embattled Silicon Valley Bank (SVB), but the company expects no disruption to its daily operations.

2. Ripple CEO Brad Garlinghouse Reveals Silicon Valley Bank Ties
Source:  Dailycoin
Date:  Mon, 13 Mar 2023 10:31:44

Ripple's CEO reassures the public that its business remains unaffected by Silicon Valley Bank's collapse.

3. XRP Price Prediction as Ripple CEO Confirms Exposure to Silicon Valley Bank – What Does This Mean for XRP?
Source:  Cryptonews
Date:  Mon, 13 Mar 2023 07:07:00

The price of XRP has gained slightly in the past 24 hours, rising by 0.5% after the coin recovered from a significant fall this past weekend.


XRP-Negative News

1. CNF Brief: USDC faces collapse threat, Shiba Inu, IOTA and the collapse of U.S banks Affects XRP
Source:  CryptoNewsFlash
Date:  Mon, 13 Mar 2023 05:54:55

USDC decoupled during the week after its issuer revealed that it has $3.3 billion in collapsed Silicon Valley bank.

2. Coinbase holds $240M in collapsed Signature bank – Is Ripple also exposed with SVB in $1B cash balance?
Source:  CryptoNewsFlash
Date:  Mon, 13 Mar 2023 06:04:15

Coinbase reveals that $240 million in corporate cash is still under the possession of the now-collapsed Silicon bank and that it expects to recover all the funds.  Ripple's CEO says the network has some exposure to the bank but maintains that Ripple is in a safe place.

3. Ripple Price Analysis: Upsides Remain Capped Near $0.38
Source:  LiveBitcoinNews
Date:  Mon, 13 Mar 2023 01:28:46

Ripple price started a fresh decline from the $0.400 zone against the US dollar. The price is now trading below $0.3850 and the 55 simple moving average (4-hours).

 

SOLANA (SOL)

Current Price:  $ 20.62 (24h Changes: 1.49 % )

Current Market Cap:  $ 7,905,260,458 (24h Changes: 2.16 % )


SOL-Positive News

1. Solana Surges 9%, Vying for a Top 10 Spot Once Again
Source:  The Motley Fool
Date:  Mon, 13 Mar 2023 14:41:13

Solana is among the big winners in today's market, surging toward a top 10 spot once again.

2. Solana Trades Above $18 As Sellers Signal A Return To The Downtrend
Source:  Coin Idol
Date:  Mon, 13 Mar 2023 04:13:00

Solana (SOL) is trading at a high of $18.84. The cryptocurrency value is rising again as it leaves the negative trend area.

3. Price analysis 3/13: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL
Source:  Cointelegraph
Date:  Mon, 13 Mar 2023 13:29:16

The banking crisis in the U.S. has led to aggressive buying in Bitcoin and select altcoins, which are nearing stiff overhead resistance levels.


SOL-Neutral News

1. Why Bitcoin Cash (BCH) And Solana (SOL) Are Seeing Blue Skies
Source:  Benzinga
Date:  Mon, 13 Mar 2023 14:49:54

Bitcoin Cash (CRYPTO: BCH) and Solana (CRYPTO: SOL) are seeing strength during Monday's session. Shares of several popular altcoins trading higher amid broader strength in cryptocurrencies.

 

AVALANCHE (AVAX)

Current Price:  $ 16.59 (24h Changes: 3.52 % )

Current Market Cap:  $ 5,401,073,169 (24h Changes: 2.78 % )


AVAX-Positive News

1. Is Avalanche (AVAX) Price Ready to Resume Its Bull Rally?
Source:  BeInCrypto
Date:  Mon, 13 Mar 2023 09:00:00

The Avalanche (AVAX) price could confirm its bullish reversal by an increase above $16.84


AVAX-Negative News

1. Avalanche: Revenue spikes, but AVAX investors must be cautious
Source:  AMBCrypto
Date:  Mon, 13 Mar 2023 09:30:12

Avalanche [AVAX] witnessed a major decline in key metrics last week, which was concerning for the network's overall health.

 

POLKADOT (DOT)

Current Price:  $ 6.15 (24h Changes: 5.15 % )

Current Market Cap:  $ 7,454,247,637 (24h Changes: 5.24 % )


DOT-Positive News

1. Will Polkadot [DOT] maintain its price surge this week? Data suggests
Source:  AMBCrypto
Date:  Mon, 13 Mar 2023 14:30:26

Polkadot Insider recently revealed a major bullish signal for DOT as it was found that the coin was only behind Ethereum [ETH] on the list of blockchains in terms of Altrank.

2. Polkadot price analysis: DOT bulls continue to advance as the price rises to $6.09.
Source:  Cryptopolitan
Date:  Mon, 13 Mar 2023 13:07:43

Polkadot price analysis with the DOT/USD pair rising to new all-time highs. The asset has been a standout performer in the crypto markets, gaining over 11.18% since the start of today.


DOT-Neutral News

1. Crypto Payments Specialist Stellar Bridges Fiat and Stablecoins to Polkadot
Source:  Coindesk
Date:  Mon, 13 Mar 2023 11:00:00

Cryptocurrency payments specialist Stellar is linking to Polkadot and its sister network Kusama via the newly built Spacewalk bridge, a move that will connect the two blockchain ecosystems with Stellar's fiat on-ramps around the world.

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quantdoge
quantdoge

Data scientist in crypto and blockchain space.


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