What Happens To L1 Tokens Today? (31 Aug 2022, Wednesday)

What Happens To L1 Tokens Today? (31 Aug 2022, Wednesday)


"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: $ 19,856.43 (24h Changes: -1.85 % )

Current Market Cap: $ 379,845,251,432 (24h Changes: -1.77 % )

Positive News

Reddit Co-founder's VC Firm Launches $177M Crypto Fund To Invest In 'Strong Founders At A Discount'

Source: Benzinga

Date: Tue, 30 Aug 2022 15:25:19

Seven Seven Six, the venture capital company run by Reddit co-founder Alexis Ohanian, intends to raise $177.6 million for a new fund devoted to investments in cryptocurrency tokens, according to a report. Kryptós, the new fund, will be the first cryptocurrency-only offering from the two-year-old company, according to fundraising documents seen by The Information.

Publicly-Listed Bitcoin Miner Cleanspark's Hashrate Exceeds 3 Exahash, Firm Records Daily Production High of 13.25 BTC

Source: Bitcoin

Date: Tue, 30 Aug 2022 14:30:02

Bitcoin miner Cleanspark says it experienced accelerated growth amid the crypto winter this year and the operation's hashrate has surpassed 3 exahash per second (EH/s), tripling in less than twelve months' time. The news follows a number of expansions bitcoin mining operations have embarked upon during 2022's tumultuous crypto market.

Bitcoin could become a zero-emission network: Report

Source: Cointelegraph

Date: Tue, 30 Aug 2022 14:30:00

Bitcoin mining with flared gas and animal waste gases could help the world's largest cryptocurrency on a path to becoming a zero-emission money.

Neutral News

Bitcoin aSOPR Rebounds From “1” As Weakness Remains In Market

Source: NewsBTC

Date: Tue, 30 Aug 2022 15:00:34

Data shows the Bitcoin aSOPR has recently been rejected from the neutral level as weakness continues to clutch the market. Bitcoin aSOPR Rebounds From The “1” Mark As Investors Sell The Rally As per the latest weekly report from Glassnode, the “get my money back” effect strikes the crypto once again as weakness continues in the market.

Negative News

Bitcoin Daily Active Users Continue To Test Bear Market Channel

Source: Bitcoinist

Date: Tue, 30 Aug 2022 15:00:10

Data shows the daily Bitcoin entities have been recently retesting the bear market channel as the crypto's userbase observed little growth.

SBI Crypto Has Reportedly Cut its Ties with Russian Bitcoin Mining Firm BitRiver

Source: Cryptonews

Date: Tue, 30 Aug 2022 15:00:00

The Japanese crypto mining operator SBI Crypto has reportedly severed its links with the Russian mining firm BitRiver – following pressure from Washington-based lawmakers.

 

ETHEREUM (ETH)

Current Price: $ 1,538.89 (24h Changes: -0.16 % )

Current Market Cap: $ 185,078,237,116 (24h Changes: -0.13 % )

Positive News

More Ethereum Holders Now Eligible To Be Validators, Here's Why?

Source: Coingape

Date: Tue, 30 Aug 2022 14:02:58

In the lead up to the Ethereum Merge, traders appear to be in the accumulation phase. While a section of Ethereum traders anticipate a price drop ahead of the Merge, the buying spree continues.

 

Neutral News

What Is 'The Merge'? Ethereum's Move to Proof of Stake

Source: Decrypt

Date: Tue, 30 Aug 2022 13:34:40

The Ethereum mainnet is due to merge with the Beacon Chain in 2022, completing the blockchain's transition from proof of work to proof of stake.

1,401 ETH Worth $2M Was Just Burned

Source: Benzinga

Date: Tue, 30 Aug 2022 13:05:51

What happened: On Monday a total of 1,401.42 Ether (CRYPTO: ETH) worth $2,095,310, based on the current value of Ethereum at time of publication ($1,495.13), 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

Top Smart Contract Platform Ethereum (ETH) Could Dip Below $1,000 Before The Merge: Bloomberg

Source: The Daily Hodl

Date: Tue, 30 Aug 2022 15:55:03

The second-largest crypto asset by market cap faces bearish momentum ahead of its much-anticipated upgrade, according to a new report by Bloomberg.

3 reasons why Ethereum POW hardfork tokens won't gain traction

Source: Cointelegraph

Date: Tue, 30 Aug 2022 15:11:21

A lack of oracle support, DApps being majority supportive of the merge and the fact that Ethereum Classic has minimal developer activity suggests that POW hardforks will fizzle.

 

BINANCE (BNB)

Current Price: $ 281.97 (24h Changes: -0.63 % )

Current Market Cap: $ 46,043,471,951 (24h Changes: -0.66 % )

Positive News

BNB Chain Introduces Liquid Staking to Provide Crypto Users Access to Additional Income Streams

Source: Coindesk

Date: Tue, 30 Aug 2022 08:26:27

Helio Money and Wombat Exchange also joined the liquid staking network.

Neutral News

Binance Coin Price Prediction for Today, August 30: BNB May Hike

Source: Inside Bitcoins

Date: Tue, 30 Aug 2022 04:35:19

A line of price corrections had taken place in the BNB/USD market operations as the crypto's price may hike after it reached a notable lower-trading

Binance Coin: Decoding if BNB would cross $300 mark this week

Source: AMBCrypto

Date: Tue, 30 Aug 2022 03:30:06

Binance‘s native token has struggled to maintain an upward trajectory in 2022. On 29 August, BNB declined sharply below $288 and tested the $275 support zone on CoinMarketCap.

 

CARDANO (ADA)

Current Price: $ 0.45 (24h Changes: 0.77 % )

Current Market Cap: $ 15,301,699,036 (24h Changes: 0.87 % )

Positive News

Cardano (ADA) Beats Bitcoin (BTC) in Brand Intimacy, According to New Report

Source: The Daily Hodl

Date: Tue, 30 Aug 2022 14:45:04

A new report from an advertising company says the Cardano (ADA) brand is connecting with users more than any other crypto asset in the space. New York-based MBLM, which bills itself as a “brand intimacy agency,” compared more than 600 brands across 19 industries by using artificial intelligence to analyze more than 1.

Here's Cardano's Anticipated Vasil Upgrade Effects on DeFi TVL-Community

Source: UToday

Date: Tue, 30 Aug 2022 12:07:00

Cardano Vasil might aid positive inflows into DeFi ecosystem

 

Neutral News

Cardano Joins $11 Million Investment Round in Kenya Fintech Company to Change Microfinance Around World

Source: UToday

Date: Tue, 30 Aug 2022 14:23:00

Cardano and several investment funds have allocated $11 million to support this Kenya-based fintech company

7 Cryptos for Investors to Take Seriously in 2022

Source: Investorplace

Date: Tue, 30 Aug 2022 06:15:31

Investors looking for cryptos to buy should follow a simple strategy that leverages brand equity and forward potential.

Best Investments Choices Today: Uniglo (GLO), Cardano (ADA) And Pancakeswap (CAKE)

Source: Crypto Daily

Date: Tue, 30 Aug 2022 05:30:00

Bitcoin trades in a tight consolidation range and is poised for a breakout. Technical analysis indicates it will break out in bullish formation and move to flip the 21-day moving average from resistance into support.

 

Negative News

Cardano Price Prediction: ADA Signals Double Bottom

Source: InvestingCube

Date: Tue, 30 Aug 2022 09:21:47

Our Cardano price prediction will flip bearish if the price loses its $0.42 support. In such a scenario, the price could dip to the $0.33.

 

RIPPLE (XRP)

Current Price: $ 0.33 (24h Changes: -1.18 % )

Current Market Cap: $ 16,308,617,007 (24h Changes: -1.13 % )

Positive News

XRP Leads Crypto Majors In Ultra-Positive Sentiments As Euphoria Shoots Up

Source: Zycrypto

Date: Tue, 30 Aug 2022 14:26:24

As most assets struggle to recover some of the values shed in the dip, the respective sentiment of each asset has differed.

Crypto community makes bullish XRP price prediction for the end of September

Source: Finbold

Date: Tue, 30 Aug 2022 08:55:40

Disclaimer: The CoinMarketCap cryptocurrency community price estimate is based only on the votes of its users.

Neutral News

XRP Validators Start Voting on NFT-Related Amendment

Source: UToday

Date: Tue, 30 Aug 2022 14:19:00

XRPL validators will have two weeks to vote on a proposal that will enable native non-fungible tokens

Scotland Release CBDC On XRP Ledger

Source: Cryptonews

Date: Tue, 30 Aug 2022 12:33:00

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

Ripple v. SEC: Here Is How Much SEC's Actions Cost Investors, According to CryptoLaw Founder

Source: UToday

Date: Tue, 30 Aug 2022 11:36:00

Regulator's actions cost investors more in losses than those of crypto fraudsters, states lawyer

 

Negative News

Ripple's Colombia Land Tokenization Project Halted Following New Government Appointments

Source: BeInCrypto

Date: Tue, 30 Aug 2022 14:33:04

A plan to record land ownership in Colombia in partnership with Ripple Labs appears to have run into trouble and may never materialize. The post Ripple's Colombia Land Tokenization Project Halted Following New Government Appointments appeared first on BeInCrypto.

Ripple CEO joins Ava Las to deny Kyle Roche claims

Source: Inside Bitcoins

Date: Tue, 30 Aug 2022 14:31:13

A report by Crypto Leaks has exposed some shocking details about several companies in the cryptocurrency space, including Ava Labs and Ripple.

Ripple General Counsel Responds to SEC's Take on Crypto Regulations

Source: Coinspeaker

Date: Tue, 30 Aug 2022 08:07:11

Coinspeaker Ripple General Counsel Responds to SEC's Take on Crypto Regulations

 

SOLANA (SOL)

Current Price: $ 31.62 (24h Changes: -1.38 % )

Current Market Cap: $ 11,036,433,497 (24h Changes: -1.33 % )

Positive News

Solana [SOL] resurrects >7% but there's more than meets the eye

Source: AMBCrypto

Date: Tue, 30 Aug 2022 13:30:24

Solana [SOL] seemed to have fought its way out of its recent slump. While it dubbed itself the “fastest blockchain in the world,” its speed since 26 August was only towards an uncontrollable price plunge.

Solana automation network Clockwork raises $4 million

Source: The Block

Date: Tue, 30 Aug 2022 10:30:15

The Clockwork network enables developers to schedule recurring tasks and automate on-chain workflows on Solana. The post Solana automation network Clockwork raises $4 million appeared first on The Block.

Hubble Protocol Launches Kamino Finance To Optimize Yields for Solana Liquidity Providers

Source: BeInCrypto

Date: Tue, 30 Aug 2022 08:05:00

Hubble Protocol, home of the USDH stablecoin, has launched Kamino Finance: the first concentrated liquidity market maker (CLMM) optimizer of its kind on the Solana blockchain.

Neutral News

Betting Platform BetDEX Labs Likes the Odds for Its Decentralized Sports Exchange

Source: Coindesk

Date: Tue, 30 Aug 2022 15:39:03

Chairman Nigel Eccles wants to cut out the middleman, and thinks a Solana protocol is the way to go, he told CoinDesk TV's “First Mover.”

Fireblocks adds DeFi and NFT support for Solana

Source: Invezz

Date: Tue, 30 Aug 2022 15:16:55

Fireblocks, a leading crypto technology provider that's supporting a growing number of digital asset businesses, has announced support for various functionalities and features in the Solana (SOL/USD) ecosystem. In an update Monday, the firm said it added decentralised finance (DeFi), non-fungible tokens (NFTs) and other Web3-based applications for the ninth ranked blockchain network.

 

Negative News

SOL Price: Further Decrease to $28 Level Envisaged, Bias on TAMA Is Upbeat

Source: Inside Bitcoins

Date: Tue, 30 Aug 2022 14:32:04

The sellers are dominating SOL market Solana Price Analysis – August 30 Should SOL break down $28 support level, price may reach the previous low

Solana (SOL) Risks Steep Correction Following Short-Term Breakdown

Source: BeInCrypto

Date: Tue, 30 Aug 2022 09:30:00

Solana (SOL) has broken down from an ascending wedge and is at risk of invalidating a long-term double bottom pattern. If this happens, the price would be expected to fall below its yearly lows at $25.86.

Solana-Based DeFi Protocol OptiFi Loses $661K in Programming Blunder

Source: Coindesk

Date: Tue, 30 Aug 2022 08:26:18

The protocol has said that it will reimburse all users' funds.

 

AVALANCHE (AVAX)

Current Price: $ 19.49 (24h Changes: 1.29 % )

Current Market Cap: $ 5,555,536,132 (24h Changes: 1.43 % )

Positive News

Ava Labs And Roche Freedman Fire back, AVAX Shakes Off Losses

Source: Bitcoinist

Date: Tue, 30 Aug 2022 13:04:44

It's been a tough year for the once powerhouse trio ‘SoLunAvax' – the often mentioned term to reference popular L2s Solana, Luna, and Avalanche. Luna, of course, saw its downfall in recent months and has crumbled to a fraction of what it once was.

AVAX Price Soared After Avalanche Founder Denies Litigation Claims

Source: DCForecasts

Date: Tue, 30 Aug 2022 11:09:54

AVAX price soared after Avalanche's founder denies litigation claims that stated he used gangster-style litigation tactics to scare off the competition. The price of Avalanche's native token AVAX skyrocketed today after Emin Gün Sirer, Founder of Avalanche developer Ava Labs, dismissed charges that he used litigation to deceive authorities and hurt competitors as”categorically incorrect.

Avalanche Price Analysis for 30th of August: AVAX/USD May Be at the Beginning of an Upswing

Source: Inside Bitcoins

Date: Tue, 30 Aug 2022 10:10:42

AVAX/USD has been trending down until it reached the support level of $18.5305.

 

Neutral News

What to Make of the Avalanche Whistleblower Report

Source: Coindesk

Date: Tue, 30 Aug 2022 15:01:29

An investigation intended to show Ava Labs paid for adversarial lawsuits against its rivals has issues of its own.

Avalanche CEO Responds To CryptoLeaks Allegations

Source: Crypto Daily

Date: Tue, 30 Aug 2022 05:52:00

CryptoLeaks has alleged that Ava Labs has been attacking its market competitors through class action lawsuits. Ava Labs CEO has dismissed all such allegations.

 

Negative News

Intoxicated Avalanche Lawyer Allegedly Plied with Alcohol by Dfinity Fixer

Source: BeInCrypto

Date: Tue, 30 Aug 2022 11:00:00

Avalanche lawyer Kyle Roche was served alcohol by an unscrupulous fixer working on behalf of Dfinity in order to “deceive and entrap” him. The post Intoxicated Avalanche Lawyer Allegedly Plied with Alcohol by Dfinity Fixer appeared first on BeInCrypto.

 

NEAR (NEAR)

Current Price: $ 4.23 (24h Changes: 5.73 % )

Current Market Cap: $ 3,258,200,842 (24h Changes: 6.15 % )

Positive News

Can This 8% Reversal From $3.7 level Encourage NEAR Price recovery?

Source: Coingape

Date: Tue, 30 Aug 2022 13:15:05

The Near Protocol (NEAR) price shows an 8% jump from $3.75, putting a break in the prevailing downtrend and increasing the chance of a trend reversal. However, higher price rejection in the daily candle limits the bullish possibility and warns of a price fall.

 

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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/@artrachen

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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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