What Happens To L1 Tokens Today? (27 Oct 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.

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BITCOIN (BTC)

Current Price: $ 20,754 (24h Changes: 3.28 %)

Current Market Cap: $ 398,367,205,796 (24h Changes: 3.33 %)

Positive News

Bitcoin Up 5% Over 24 Hours, Surging Past $20K

Source: Coindesk

Date: Wed, 26 Oct 2022 15:41:56

Bitcoin (BTC) is up 5% in the past 24 hours, trading at $20,500 with ether (ETH) surpassing $1,500 in the meantime. IG North America CEO JJ Kinahan joins “First Mover†to discuss the tokens' recent rally and whether volatility has returned to the crypto markets.

Whale Alert: 15K Bitcoin (BTC) Moved Post Recent Rally

Source: TheNewsCrypto

Date: Wed, 26 Oct 2022 15:21:51

After an 8% increase in value over the last 24 hours, the Bitcoin price is now at $20,764. A whale

Is Bitcoin Rise Above $20k Sustainable? Here's What On-Chain Data Says

Source: NewsBTC

Date: Wed, 26 Oct 2022 15:00:52

Bitcoin is now back above the $20k mark after observing some sharp uptrend over the past day, but is this pump sustainable? Here's what on-chain data has to say about it.

Neutral News

Bitcoin Below $19K After Trading Flat for the Past Week

Source: Coindesk

Date: Wed, 26 Oct 2022 14:00:26

Bitcoin (BTC) dipped below an important threshold of $19,000 after trading flat for the past week. ARK36 Executive Director Mikkel Morch joins “First Mover†to discuss the token's low volatility and a potential bottom.

Want To Trade Bitcoin, Ethereum And Dogecoin? You Might Have To Take A Test To Trade In This Country

Source: Benzinga

Date: Wed, 26 Oct 2022 12:43:20

Singapore may soon require retail investors to pass an assessment and refrain from using leverage or credit while trading in cryptocurrencies. This was proposed as part of a series of strict measures from the Monetary Authority of Singapore (MAS) to raise citizens' awareness of the risks associated with volatile assets.

BREAKING: BitMex Trading Engine Experiences Downtime, Bitcoin Below $21,000

Source: EWN

Date: Wed, 26 Oct 2022 12:14:08

Crypto exchange BitMex alerted users to an unscheduled trading engine downtime on Wednesday. The platform said trading facilities were suspended due to technical issues and assured users that all funds and assets are safe.

Negative News

Bitcoin Exchange Reserves Down To Just 12.2% Of Supply As 123.5k BTC Gets Withdrawn In Oct

Source: Bitcoinist

Date: Wed, 26 Oct 2022 15:00:26

Data shows the Bitcoin exchange reserve has now declined to just 12.2% of the total supply, after investors withdrew 123.5k BTC this month. Bitcoin Percent Supply On Exchanges Shrinks To 12.2% According to the latest weekly report from Glassnode, exchange balances reduced by 0.86% of the supply in October alone.

Trader Who Accurately Predicted 2022 Crypto Crash Updates Outlook on Bitcoin and Ethereum As Volatility Spikes

Source: The Daily Hodl

Date: Wed, 26 Oct 2022 14:05:50

A widely followed trader known for calling this year's crypto crash is warning that the current market bounce will ultimately turn into a deadly fakeout.

JPMorgan May Hate Bitcoin, but Millions in Crypto Web3 Investments Think Differently

Source: BeInCrypto

Date: Wed, 26 Oct 2022 13:00:00

JPMorgan Chase really appears to hate Bitcoin and crypto, as long as you ignore the millions of dollars they are throwing at the sector. For years, the investment bank has pursued investments in blockchain and cryptocurrency while simultaneously talking the industry down.

 

ETHEREUM (ETH)

Current Price: $ 1,555.59 (24h Changes: 5.86 %)

Current Market Cap: $ 188,033,793,042 (24h Changes: 6.25 %)

Positive News

Ether soars, and crypto winter hits Google's ad empire: CNBC Crypto World

Source: CNBC Television

Date: Wed, 26 Oct 2022 15:06:26

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, Jake Boyle of Caleb & Brown discusses the impact of Rishi Sunak's appointment to prime minister of the United Kingdom on the crypto industry.

Ethereum ($ETH) and Cardano ($ADA) Lead Crypto Market Recovery as Market Cap Nears $1 Trillion

Source: CryptoGlobe

Date: Wed, 26 Oct 2022 15:03:00

As the total market capitalization of all cryptocurrencies on the market nears the $1 trillion mark for the first time since mid-September after weeks of sideways price action, Cardano ($ADA) and Ethereum ($ETH) are leading the cryptocurrency market's recovery.

Bloomberg Analyst Says Ethereum (ETH) Can Outshine Bitcoin (BTC) and Stocks As ‘1929'-Style Conditions Intensify

Source: The Daily Hodl

Date: Wed, 26 Oct 2022 15:00:36

A senior Bloomberg analyst says that with global markets in turmoil, Ethereum (ETH) could perform better than Bitcoin (BTC) and the stock market. Bloomberg commodity strategist Mike McGlone tells his 53,900 Twitter followers that Ethereum has built a strong foundation under unfavorable market conditions and now has a solid chance at more price appreciation.

Neutral News

Maybe Jeff Bezos Should Buy Ethereum: AWS Servers Host A Major Chunk Of The Crypto's Computing Power

Source: Benzinga

Date: Wed, 26 Oct 2022 15:47:11

Despite Bitcoin's (CRYPTO: BTC) popularity as the world's most popular cryptocurrency and one having the highest market capitalization, Ethereum (CRYPTO: ETH) is far more critical to the ongoing development of the Web3 ecosystem. Ever since smart contracts started gaining traction for converting traditional contracts into their digital equivalents, the Ethereum Network has been the preferred choice for developers and entrepreneurs creating decentralized applications (dApps) and more specifically decentralized finance (DeFi) applications.

2,096 ETH Worth $3M Was Just Burned

Source: Benzinga

Date: Wed, 26 Oct 2022 13:06:22

What happened: On Tuesday a total of 2,096.87 Ether (CRYPTO: ETH) worth $3,254,933, based on the current value of Ethereum at time of publication ($1,552.28), was burned from Ethereum transactions. Burning is when a coin or token is sent to an unusable wallet to remove it from circulation.

Is Ethereum A Security? Cardano's Charles Hoskinson Sheds Some Light

Source: Bitcoinist

Date: Wed, 26 Oct 2022 13:00:57

Since Ethereum moved from a proof of work (PoW) to a proof of stake (PoW) mechanism, there has been an ongoing debate on whether the digital asset is now a security or a commodity. Notable figures have shared their insight on this and how the regulatory bodies are actually classifying cryptocurrencies.

Negative News

Trader Who Accurately Predicted 2022 Crypto Crash Updates Outlook on Bitcoin and Ethereum As Volatility Spikes

Source: The Daily Hodl

Date: Wed, 26 Oct 2022 14:05:50

A widely followed trader known for calling this year's crypto crash is warning that the current market bounce will ultimately turn into a deadly fakeout.

Ethereum is ahead of Bitcoin this rally — But ETH price still risks 20% crash against BTC

Source: Cointelegraph

Date: Wed, 26 Oct 2022 09:01:32

Ethereum has entered a bearish range that preceded a 35% price crash in the April-May 2022 session.

Bitcoin and ether futures volumes in doldrums amid dwindling volatility

Source: The Block

Date: Wed, 26 Oct 2022 08:27:37

Futures volumes in crypto are being hampered by a lack of volatility, sending traders and capital elsewhere. The post Bitcoin and ether futures volumes in doldrums amid dwindling volatility appeared first on The Block.

 

BINANCE (BNB)

Current Price: $ 290.43 (24h Changes: 1.34 %)

Current Market Cap: $ 47,423,577,376 (24h Changes: 1.32 %)

Positive News

Binance Coin price analysis: Can bulls break above $290 resistance?

Source: Cryptopolitan

Date: Wed, 26 Oct 2022 15:33:19

TL;DR Breakdown Binance Coin price analysis suggests sideways movement between $280 and $300 The closest support level lies at $280 BNB faces resistance at the $290 mark The Binance Coin price analysis shows that the price action finds resistance at the $290.00 mark after climbing above the $270.00 level.

Binance releases oracle service on BNB Chain, rivaling Chainlink

Source: The Block

Date: Wed, 26 Oct 2022 11:24:04

Crypto exchange Binance has released an oracle service called Binance Oracle, to link real-world data to blockchain applications. The post Binance releases oracle service on BNB Chain, rivaling Chainlink appeared first on The Block.

BNB Chain Unveils $10 Million Web3 Growth Incentive Program

Source: Crypto news

Date: Wed, 26 Oct 2022 09:41:29

BNB Chain launches $10 million Web3 growth incentive program for DeFi projects.

Neutral News

BNB investors should consider these metrics before cutting losses

Source: AMBCrypto

Date: Wed, 26 Oct 2022 06:30:36

BNB's popularity in the crypto industry was yet again proven recently after the altcoin made it to the list of ‘Most Visited Coins' by Cryptorank.io.  Here's AMBCrypto's Price Prediction for BNB for 2023-24 Not only this, but several developments also happened in the BNB ecosystem that added much value to the network.

Negative News

How Global Blockchain Teams Stopped Over $470 Million BNB Being Hacked

Source: CoinPedia

Date: Wed, 26 Oct 2022 06:18:47

On the 6th of October, BNB Chain ground to a sudden halt after experiencing a massive exploit. By attacking one of the main bridges within the blockchain system, hackers were able to exploit faulty code to mint tokens at a rapid rate.

 

CARDANO (ADA)

Current Price: $ 0.4 (24h Changes: -1.74 %)

Current Market Cap: $ 14,113,851,638 (24h Changes: -0.95 %)

Positive News

Ethereum ($ETH) and Cardano ($ADA) Lead Crypto Market Recovery as Market Cap Nears $1 Trillion

Source: CryptoGlobe

Date: Wed, 26 Oct 2022 15:03:00

As the total market capitalization of all cryptocurrencies on the market nears the $1 trillion mark for the first time since mid-September after weeks of sideways price action, Cardano ($ADA) and Ethereum ($ETH) are leading the cryptocurrency market's recovery.

EU parliament: “Cardano is a rocket in the crypto space†– Will ADA price moon?

Source: CryptoNewsFlash

Date: Wed, 26 Oct 2022 13:53:35

MEP Dr.

‘Cardano has hit an AlternativeRank™ of 1 out of the top 3,954 coins', Says Analytics Firm LunarCrush

Source: CryptoGlobe

Date: Wed, 26 Oct 2022 12:39:45

Earlier today, social analytics startup LunarCrush made an announcement that should delight but not shock $ADA HODLers. On Tuesday (October 25), Cardano Foundation CEO Frederik Gregaard met German economist Dr. Stefan Berger, who is a member of European Parliament. In his tweet about this meeting, Berger called Cardano “a rocket in the crypto spaceâ€.

Neutral News

Is Ethereum A Security? Cardano's Charles Hoskinson Sheds Some Light

Source: Bitcoinist

Date: Wed, 26 Oct 2022 13:00:57

Since Ethereum moved from a proof of work (PoW) to a proof of stake (PoW) mechanism, there has been an ongoing debate on whether the digital asset is now a security or a commodity. Notable figures have shared their insight on this and how the regulatory bodies are actually classifying cryptocurrencies.

Cardano founder outlines 3 key metrics for measuring crypto sector's decentralization

Source: Finbold

Date: Wed, 26 Oct 2022 10:53:28

Cardano (ADA) founder Charles Hoskinson has stated that the cryptocurrency space has no concrete metrics to measure decentralization.

Should Cardano [ADA] investors be wary of FTX's likely listing

Source: AMBCrypto

Date: Wed, 26 Oct 2022 03:00:13

The Cardano community is up again with excitement. And, surprisingly, the price factor isn't the reason.

 

RIPPLE (XRP)

Current Price: $ 0.47 (24h Changes: 1.22 %)

Current Market Cap: $ 23,296,024,811 (24h Changes: 1.03 %)

Positive News

Will XRP holders see 176% rally this time after ‘golden cross' formation

Source: AMBCrypto

Date: Wed, 26 Oct 2022 15:30:27

Ripple's move against SEC continues to create headlines. Irrespective of the outcome, XRP holders haven't stopped supporting the altcoin.

Despite nearly won SEC case: Ripple expands services to EU heavyweights France and Sweden

Source: CryptoNewsFlash

Date: Wed, 26 Oct 2022 12:47:19

Blockchain firm, Ripple, extends its on-demand liquidity services to Sweden and France.

XRP and Cardano trader sentiment hits extreme bullish level with crowd hopeful of gigantic price surge

Source: Zycrypto

Date: Wed, 26 Oct 2022 11:04:22

After close to three months of dampened on-chain activity and euphoria around the crypto market, crowd optimism seems to be creeping back as investors anticipate a massive rebound in XRP, Cardano and other crypto-assets this quarter.

Neutral News

Ripple Ad Shows Up in Wall Street Station: Details

Source: UToday

Date: Wed, 26 Oct 2022 07:28:00

Crypto solutions gaining traction

 

SOLANA (SOL)

Current Price: $ 31.17 (24h Changes: 0.82 %)

Current Market Cap: $ 11,176,033,036 (24h Changes: 0.79 %)

Positive News

Solana Price Prediction – Can SOL Pump to $1,000 in Next Bull Market?

Source: Cryptonews

Date: Wed, 26 Oct 2022 15:17:00

Solana (SOL) is down by 1.4% over the past 24 hours. SOL's price is retracing after slight gains in the last 24 hours. At the time of writing, SOL was trading at $31.11. SOL has also gained by around 3% over the past week.

Why Top Cryptocurrencies Cardano, Solana and Polkadot Are Rising Today

Source: The Motley Fool

Date: Wed, 26 Oct 2022 12:18:15

Those popular tokens are surging on what could be a short squeeze.

Crypto Price Today Oct 26th: Major Altcoins Skyrocketed As Bitcoin Turns Green

Source: Coingape

Date: Wed, 26 Oct 2022 11:55:09

Crypto price today Oct 26th: the crypto market witnessed a significant recovery since last weekend, pushing the major cryptocurrencies to higher levels. As of now, the global market cap stands at $1.05 Trillion, up 6.26% from yesterday, with total volume at $126.6 Billion, up 168%.

Neutral News

Solana DeFi Projects Reopen Following $114M Mango Markets Hack

Source: Decrypt

Date: Wed, 26 Oct 2022 14:35:54

Tulip and UXD lost hefty sums after Mango Markets was hacked—but both protocols today said they retrieved the tokens.

Can Solana Flip Ethereum?

Source: The Motley Fool

Date: Wed, 26 Oct 2022 13:59:18

Solana's developer and user activity nearly matches Ethereum's, so why is its cryptocurrency worth so much less?

Solana projects reopen after getting funds back from Mango Markets

Source: The Block

Date: Wed, 26 Oct 2022 10:24:03

Two Solana-based protocols have taken initial steps to reopen their services after the Mango Markets exploit. The post Solana projects reopen after getting funds back from Mango Markets appeared first on The Block.

 

AVALANCHE (AVAX)

Current Price: $ 16.98 (24h Changes: 2.82 %)

Current Market Cap: $ 5,056,785,864 (24h Changes: 2.75 %)

Positive News

Avalanche (AVAX), Cosmos (ATOM), and The Hideaways (HDWY) Looking Strong For 2023

Source: Dailycoin

Date: Wed, 26 Oct 2022 02:30:00

Cosmos, AVAX and The Hideaways are appearing on lists of best crypto investments at the moment and we take a look at why.

Negative News

Avalanche Fires Back to $17; Can The Bulls Push More To $20 Instead?

Source: NewsBTC

Date: Wed, 26 Oct 2022 14:00:56

AVAX's price shows strength as it bounces from a downtrend with high volume, aiming for a rally to $20. AVAX faces a rejection to trend higher above $17 after the price fell sharply below key resistance.

 

NEAR (NEAR)

Current Price: $ 3.07 (24h Changes: 1.95 %)

Current Market Cap: $ 2,500,444,986 (24h Changes: 2.43 %)

Neutral News

NEAR Protocol Scraps USN Stablecoin

Source: Crypto Daily

Date: Wed, 26 Oct 2022 11:55:00

A $40 million collateral gap has forced the shutdown of the USN stablecoin, which was launched in April 2022 by the NEAR Protocol.  Tokens Destroyed, TVL Drop The USN stablecoin was issued by the Decentral Bank DAO, which announced on October 24 that it would be wrapping up the project.

 

COSMOS (ATOM)

Current Price: $ 12.22 (24h Changes: 1.58 %)

Current Market Cap: $ 3,575,187,079 (24h Changes: 2.16 %)

Positive News

Terra Classic Developer Reveals Code to Re-Open Inter-Blockchain Communication (IBC)

Source: Crypto news

Date: Wed, 26 Oct 2022 08:01:27

Jacob Gadikian makes major progress in re-enabling IBC on the Terra Classic. Unveils code to re-open IBC.

Avalanche (AVAX), Cosmos (ATOM), and The Hideaways (HDWY) Looking Strong For 2023

Source: Dailycoin

Date: Wed, 26 Oct 2022 02:30:00

Cosmos, AVAX and The Hideaways are appearing on lists of best crypto investments at the moment and we take a look at why.

 

POLKADOT (DOT)

Current Price: $ 6.45 (24h Changes: -0.71 %)

Current Market Cap: $ 7,515,770,242 (24h Changes: -0.33 %)

Positive News

Why Top Cryptocurrencies Cardano, Solana and Polkadot Are Rising Today

Source: The Motley Fool

Date: Wed, 26 Oct 2022 12:18:15

Those popular tokens are surging on what could be a short squeeze.

Crypto Price Today Oct 26th: Major Altcoins Skyrocketed As Bitcoin Turns Green

Source: Coingape

Date: Wed, 26 Oct 2022 11:55:09

Crypto price today Oct 26th: the crypto market witnessed a significant recovery since last weekend, pushing the major cryptocurrencies to higher levels. As of now, the global market cap stands at $1.05 Trillion, up 6.26% from yesterday, with total volume at $126.6 Billion, up 168%.

More DOT holders can become stakers with these new developments

Source: AMBCrypto

Date: Wed, 26 Oct 2022 11:30:08

With the most recent proposal, Polkadot has shown that it is committed to preserving the value of all DOTs on the network. Referendum 78 is a proposal that was put forth by Polkadot that would allow for the establishment of nomination pools on Polkadot.

 

 

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quantdoge
quantdoge

Data scientist in crypto and blockchain space.


What Happens To Crypto Today?
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