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What Happens To L1 Tokens Today? (30 Sep 2022, Friday)

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"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.

Recently, we have just launched a news sentiment analysis tool that utilizes machine learning, natural language processing and big data to allow users to determine the collective sentiment in online news stories about a specific cryptocurrency.  

Interested in our product? It's available for free here -> Coin Metrics Crypto News Sentiment Analytics

BITCOIN (BTC)

Current Price: $ 19,434.02 (24h Changes: -0.79 %)

Current Market Cap: $ 372,170,478,209 (24h Changes: -0.81 %)

Positive News

Crypto Analyst Details Bitcoin Playbook Through October, Says US Dollar Index Is Bullish for Crypto

Source: The Daily Hodl

Date: Thu, 29 Sep 2022 15:00:07

A widely followed crypto analyst is sharing what he expects to be Bitcoin's (BTC) trajectory over the next month. Crypto trade Justin Bennett tells his 109,600 Twitter followers what to expect from the king crypto should BTC continue trading above $18,700. “As long as $18,700 holds, this is my Bitcoin playbook through October.

U.S. Lawmakers Draft Bill To Allow Bitcoin, Crypto In 401(k) Plans

Source: Bitcoin Magazine

Date: Thu, 29 Sep 2022 14:24:16

The bill amends ERISA of 1974 to include digital assets under “covered investments,” thereby shielding investment managers from liability.

CFTC Chairman Anticipates 2x Bitcoin Price Post Regulation

Source: TheNewsCrypto

Date: Thu, 29 Sep 2022 13:26:37

The remarks come as the crypto sector confronts increased scrutiny abroad. Given its limited resources, he said the CFTC has

Neutral News

SAI Tech Reveals 2 New Liquid Cooling Bitcoin Mining Containers Built for Overclocking Flexibility

Source: Bitcoin

Date: Thu, 29 Sep 2022 15:30:39

On September 28, the bitcoin mining operator and clean-technology company, SAI Tech, announced the launch of two liquid cooling bitcoin mining infrastructure products called the Tankbox and Rackbox. The two new models join the firm's SAIHUB Box and feature plate cooling and immersion cooling technologies.

Strike CEO : El Salvador's Bitcoin Experience ‘Doesn't Hurt My Company at All'

Source: Coindesk

Date: Thu, 29 Sep 2022 15:11:14

Jack Mallers joined CoinDesk TV's  "First Mover" to discuss El Salvador, bitcoin and how the mobile payments app is working to change the payment system for merchants and consumers globally.

When Bitcoin Meets Inflation

Source: Benzinga

Date: Thu, 29 Sep 2022 15:00:46

Cryptocurrency could be seen as an asset that acts as a hedge against inflation. However, does the cryptocurrency itself have inflation, and what to do in this case?

Negative News

Bitcoin Defends $19K as Wall Street Sell-Off Deepens

Source: Coindesk

Date: Thu, 29 Sep 2022 15:44:24

Bitcoin (BTC) is hovering around $19,000 as U.S. stocks are plunging amid lingering recession fears. Tactive Wealth Advisor Eddy Gifford shares his bitcoin markets analysis and price outlook.

Bitcoin Rises and Falls 7% in 24 Hours

Source: Coindesk

Date: Thu, 29 Sep 2022 15:30:03

Bitcoin on a rocky rollercoaster ride Tuesday, rising and falling about 7% over the past 24 hours. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

Pro traders don't expect Bitcoin to break and hold $20,000 anytime soon

Source: Cointelegraph

Date: Thu, 29 Sep 2022 15:13:03

Bears have controlled BTC price by forcing 111 daily closes below $25,000 and derivatives data shows a reversal of this trend is highly unlikely.

 

ETHEREUM (ETH)

Current Price: $ 1,335.75 (24h Changes: -0.82 %)

Current Market Cap: $ 161,166,942,731 (24h Changes: -0.86 %)

Positive News

Facebook, Instagram Users in US Can Now Share Ethereum, Flow and Polygon NFTs

Source: Decrypt

Date: Thu, 29 Sep 2022 15:22:02

Meta is letting all U.S. users connect a crypto wallet and display owned NFTs on either social app.

ETH stakers may consider sticking to their safety nets despite 5.5% APR jump 

Source: AMBCrypto

Date: Thu, 29 Sep 2022 13:30:37

Since the completion of the Ethereum Merge, sentiment within the community has remained positive, especially for stakers. These cohorts finally witnessed some bullish scenario(s) in their annual percentage rate (APR) earned by staking ETH post the Merge.

ETH Trading Inside a Tight Range, Breakout Imminent? (Ethereum Price Analysis)

Source: CryptoPotato

Date: Thu, 29 Sep 2022 13:01:45

The cryptocurrency markets are experiencing a period of stagnation. Meanwhile, ETH has been trading inside a tight range for the last seven days.

Neutral News

Ethereum [ETH]: Why this pro-ETH metric needs a closer look

Source: AMBCrypto

Date: Thu, 29 Sep 2022 14:30:36

The bear market appears to be in full swing, despite a few stray spikes in the prices of some crypto-assets. In fact, the general sentiment towards Ethereum [ETH] seemed to be one of fear, as per the Ethereum Fear and Greed Index at press time.

Binance to Remove Fees for Some Ethereum Transactions

Source: LiveBitcoinNews

Date: Thu, 29 Sep 2022 13:00:47

Binance – the world's largest digital currency exchange by daily trading volume – says it's looking to give crypto fans a break by expanding its fee-free services and transaction capabilities to include Ethereum.

Ethereum's Merge Was a Public Policy Miracle, So When Is the Congressional Hearing?

Source: Coindesk

Date: Thu, 29 Sep 2022 12:32:29

The Merge is a great example of the benefits of blockchain technology and it deserves attention from Congress.

Negative News

Ether dips amid stock selloff, and Terraform Labs slams case against Do Kwon: CNBC Crypto World

Source: CNBC Television

Date: Thu, 29 Sep 2022 15:11:22

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, Sylvia Jablonski of Defiance ETFs discusses altcoin performance and a new way to short crypto equities as prices continue to fall.

Satoshi Action Fund Founder Unleashes Chilling Ethereum Warning, Says Vitalik Buterin Failed

Source: Zycrypto

Date: Thu, 29 Sep 2022 11:56:56

According to Porter, this will be Ethereum's last cycle as the industry's second-largest cryptocurrency by market cap.

Ethereum price analysis: ETH reacts to $1,350, strong lower high set?

Source: Cryptopolitan

Date: Thu, 29 Sep 2022 10:23:46

Ethereum price analysis is bearish today as we have seen a lower high set at $1,350, and consolidation slowly turn into selling pressure. Therefore, ETH/USD should continue lower later today and look to break past the $1,250 previous support.

 

BINANCE (BNB)

Current Price: $ 282.97 (24h Changes: 0.46 %)

Current Market Cap: $ 46,139,925,422 (24h Changes: 0.65 %)

Positive News

How Binance Smart Chain (BNB) Generates Revenue

Source: Bitcoin Market Journal

Date: Thu, 29 Sep 2022 12:44:00

Binance Smart Chain has rebranded to BNB Chain. What does this mean for revenues? Here's our research on BNB. The post How Binance Smart Chain (BNB) Generates Revenue appeared first on Bitcoin Market Journal.

CryptoSlate Daily Market Update – Sept. 28: Bitcoin, Ethereum, BNB lead market rebound

Source: CryptoSlate

Date: Thu, 29 Sep 2022 04:37:16

The total cryptocurrency market cap saw net inflows totaling $236 billion. The post CryptoSlate Daily wMarket Update – Sept.

Bitcoin and Ether are up; BNB is the top gainer among the top 10 cryptocurrencies, followed by Solana

Source: Bitcoinworld

Date: Thu, 29 Sep 2022 04:16:33

Bitcoin rose above US$19,000 after bouncing around that resistance level for the previous week. BNB led the gains in the top 10 cryptocurrencies by market capitalization, while Ether also increased.

Neutral News

BNB's social activity has a FLOKI element to it and more

Source: AMBCrypto

Date: Thu, 29 Sep 2022 12:30:28

The last few months have been a challenging time for the crypto market as most cryptocurrencies stood in the red. However, Binance Coin's [BNB] chart went green recently as it registered promising gains in the past few days.

New Launch Uniglo (GLO) Set To Show Binance Coin (BNB) And Shiba Inu (SHIB) How To Manage A Burn Mechanic

Source: Crypto Daily

Date: Thu, 29 Sep 2022 05:00:00

Coin burn may not be a new concept in the crypto industry, but over the years, there have been several variations in its mechanics. For those uninitiated, it is a process of taking some tokens out of circulation for eternity.

Negative News

Binance Coin [BNB] may disappoint traders in Q4 based on these reasons

Source: AMBCrypto

Date: Thu, 29 Sep 2022 00:30:35

Binance Coin's [BNB] antics, since the start of September, may have left investors in disappointment. However, a report revealed that the exchange cryptocurrency managed to put up some good performance in some other areas.

 

CARDANO (ADA)

Current Price: $ 0.44 (24h Changes: -0.98 %)

Current Market Cap: $ 14,725,178,761 (24h Changes: -1.22 %)

Positive News

Cardano Metaverse Project Cardalonia Releases Playable Metaverse Avatars, Set to Launch Land NFT Presale

Source: CryptoGlobe

Date: Thu, 29 Sep 2022 11:41:25

Cardalonia, a Cardano based metaverse project has released some initial video preview of the playable metaverse characters. You can watch the animated playable character on Cardalonia's YouTube channel.

$ADA: How Cardano's Vasil Upgrade Is Making DApps ‘More Efficient and Cheaper To Run'

Source: CryptoGlobe

Date: Thu, 29 Sep 2022 11:20:03

This article looks at two examples of how Cardano's Vasil upgrade, which was deployed on the mainnet on September 22, is helping DApps to significantly reduce transaction size and cost. On September 22, Input Output Global (“IOG”), the blockchain technology company behind Cardano's R&D, announce that at 9:44 p.m.

XRP, ADA, Meme Coins Become Object of Interest for Author of Bestselling NFT Book, Anndy Lian

Source: UToday

Date: Thu, 29 Sep 2022 10:07:00

Author of book on NFTs considers entering XRP, ADA, or wonders if he should remain in meme coins

Neutral News

What's Going On With Cardano? All You Need To Know About The Vasil Hard Fork

Source: Benzinga

Date: Thu, 29 Sep 2022 13:18:05

The Cardano (CRYPTO: ADA) token has been in a long period of price consolidation since its all-time high (ATH) in September last year. The native ADA token of the Cardano blockchain platform has appreciated by more than 10 times since the onset of the pandemic, reflecting its increasing preference among developers to create decentralized applications (DApps) for a growing user base.

Cardano Edges Closer to Make-or-Break Point

Source: Crypto Briefing

Date: Thu, 29 Sep 2022 09:39:55

Cardano is moving closer to the apex of a descending triangle formation.

Cardano DEX Reports Vasil's Impact on Fees and Transaction Size: Details

Source: UToday

Date: Thu, 29 Sep 2022 08:55:00

New Vasil capabilities arrived on September 27

Negative News

ADA Price Prediction: Bears Eye $0.40 as Bearish Trend Continues

Source: FXEmpire

Date: Thu, 29 Sep 2022 09:27:30

Following a bearish Wednesday session, ADA has struggled to find support today. Investors may be waiting on a flood of projects before jumping in.

Why Cardano (ADA) Price Is Still Likely To Fall Below $0.40 Despite Vasil Upgrade

Source: BeInCrypto

Date: Thu, 29 Sep 2022 07:30:00

Cardano (ADA) has been trading inside a neutral pattern since its May bottom. A breakdown from it could greatly accelerate the rate of decrease.

Why is Cardano's price falling? Will it ever Secure Levels Beyond $0.5 in 2022?

Source: CoinPedia

Date: Thu, 29 Sep 2022 03:34:11

The crypto space appears to be on a roller coaster ride, as assets display diverse trends on a daily basis. Cardano‘s price has also failed to rise above $0.5 despite the successful implementation of the Vasil Hard Fork earlier this week.

 

RIPPLE (XRP)

Current Price: $ 0.46 (24h Changes: 3.27 %)

Current Market Cap: $ 22,703,112,714 (24h Changes: 4.28 %)

Positive News

XRP Price Eyes Ultimate Explosion To New All-Time Highs If Ripple Takes Major Win Over SEC

Source: Zycrypto

Date: Thu, 29 Sep 2022 13:34:17

XRP's recently-engineered comeback follows an extended period of underperformance from the asset.

Alert Traders! XRP Up For Another Price Crunch, Here Is Why

Source: CoinPedia

Date: Thu, 29 Sep 2022 12:54:14

The crypto market is currently on a bumpy ride as Bitcoin, the first born currency, has once again lost its $20,000 level. In the early hours today, September 29, Bitcoin had managed to surge from $18.5k to $19.8k before plunging. Currently, Bitcoin is trading at $19,255 with a drop of 1.56% in the last 24hrs.

XRP, ADA, Meme Coins Become Object of Interest for Author of Bestselling NFT Book, Anndy Lian

Source: UToday

Date: Thu, 29 Sep 2022 10:07:00

Author of book on NFTs considers entering XRP, ADA, or wonders if he should remain in meme coins

Neutral News

“XRP to Hit $589”: How a Fake Simpsons Screenshot Fooled Ripple Bulls

Source: Crypto Briefing

Date: Thu, 29 Sep 2022 12:41:54

Several crypto media outlets have reported on an edited Simpsons screenshot predicting that XRP would hit $589 by the end of the year. 

Bitcoin (19k), Ethereum (1.3k), XRP Price Analyses

Source: The Cryptonomist

Date: Thu, 29 Sep 2022 09:18:57

The Fear and Greed Index is 22 Extreme Fear and is +2 from Wednesday's reading of 20 Extreme Fear

Best Emerging Cryptocurrency to Invest in 2022

Source: Cryptonews

Date: Thu, 29 Sep 2022 06:56:00

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

Negative News

Ripple Vs Sec: Ex-SEC Director Denies Ripple Settlement Deal

Source: CoinPedia

Date: Thu, 29 Sep 2022 11:23:24

The SEC v. Ripple is a case of massive significance for the crypto industry, and everyone has been on the edge of their seats waiting for the verdict. Here's a close look at where things stand at the moment.

XRP could offer a selling opportunity soon, watch out for

Source: AMBCrypto

Date: Thu, 29 Sep 2022 09:30:30

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. XRP back beneath an LTF resistance at $0.456 4-hour market structure was bearish Can the range be defended as support?

XRP Lawsuit: Former SEC Official's Calendar Might Suggest Ripple Was Unfairly Targeted: Fox Business

Source: UToday

Date: Thu, 29 Sep 2022 06:58:00

Growing belief that SEC unfairly targeted Ripple in its crackdown.

 

SOLANA (SOL)

Current Price: $ 34.01 (24h Changes: 0.66 %)

Current Market Cap: $ 12,048,239,819 (24h Changes: 1.02 %)

Positive News

Solana NFT Game Star Atlas Launches Playable Demo on Epic Games Store

Source: Decrypt

Date: Thu, 29 Sep 2022 13:59:02

Star Atlas just rolled out its first playable demo, plus its developer released tools to help other studios bring games to Solana.

Biggest Movers: SOL Moves Towards $35.00, XMR Extends Recent Gains

Source: Bitcoin

Date: Thu, 29 Sep 2022 11:30:10

Solana rose for a second straight day on Thursday, as the token moved closer to its long-term resistance point of $35.00. Monero was also in the green during today's session, extending recent gains in the process. Overall, markets attempted to rebound, following a red wave which swept through markets to start the week.

Here's My No-Brainer Cryptocurrency to Buy Right Now

Source: The Motley Fool

Date: Thu, 29 Sep 2022 06:30:00

Speed, low cost, and ease of use make Solana a great cryptocurrency today.

Neutral News

When will Solana's updates finally be enough for SOL's price action

Source: AMBCrypto

Date: Thu, 29 Sep 2022 15:30:04

On 29 September, Solana [SOL] managed to outperform several other cryptocurrencies owing to some appreciation in its price and market capitalization. Interestingly, the win was not only limited to its price.

Negative News

Solana Price Fails To Break $34 Again, What Could This Mean?

Source: NewsBTC

Date: Thu, 29 Sep 2022 10:17:13

SOL price trades below 50 and 200 EMA on the daily timeframe despite showing some relief strength.  SOL rally caught short as BTC price continued to range.

Solana Founder Names Biggest Hurdle to Mainstream Adoption

Source: UToday

Date: Thu, 29 Sep 2022 04:38:00

Solana co-founder Anatoly Yakovenko sees self-custody issues as main impediment to growing cryptocurrency adoption

 

AVALANCHE (AVAX)

Current Price: $ 17.25 (24h Changes: -0.94 %)

Current Market Cap: $ 5,102,061,947 (24h Changes: -0.79 %)

Positive News

Avalanche (AVAX) Transfers Now Supported by Robinhood

Source: UToday

Date: Thu, 29 Sep 2022 14:28:00

Brokerage app Robinhood has added support for Avalanche (AVAX) after listing the cryptocurrency for trading in early August

Neutral News

Layer by Layer Issue 47: Polkadot, Algorand, and Avalanche

Source: The Block

Date: Thu, 29 Sep 2022 13:46:58

Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding Cross-chain technologies remain an important area of focus for core blockchain teams as they continue their preparation for the next generation of crypto users In the Polkadot ecosystem, liquid-staking is slowly gaining traction as the amount of staked DOT has declined in recent months. Algorand takes a step toward greater interoperability with the release of state proofs. On Avalanche, developers deal with a potential exploit arising from a custom EVM implementation

DeFi cryptocurrencies you should not miss before September ends: AVAX, THETA and AAVE

Source: Invezz

Date: Thu, 29 Sep 2022 07:32:51

Avalanche (AVAX/USD), Theta Network (THETA/USD), and Aave (AAVE/USD) are some of the best Decentralized Finance (DeFi) tokens you can get before September ends. Avalanche is a cryptocurrency and blockchain network that gathered a reputation for having fast smart contracts and high scalability.

Avalanche (AVAX) Price Falters Despite Quarterly High in GameFi Transactions

Source: BeInCrypto

Date: Thu, 29 Sep 2022 04:30:00

Avalanche (AVAX) is at risk of falling below its yearly lows, a move which could trigger a sharp fall towards $12.50. The post Avalanche (AVAX) Price Falters Despite Quarterly High in GameFi Transactions appeared first on BeInCrypto.

 

NEAR (NEAR)

Current Price: $ 3.57 (24h Changes: -0.97 %)

Current Market Cap: $ 2,809,721,272 (24h Changes: -0.86 %)

Positive News

Second Largest Stablecoin by Market Cap Expands to Cosmos (ATOM), Polkadot (DOT) and These Three ETH Rivals

Source: The Daily Hodl

Date: Thu, 29 Sep 2022 14:41:32

USD Coin (USDC) issuer Circle says it intends to make the second largest stablecoin by market cap available on five additional blockchain ecosystems. The digital financial technology firm says that USDC will be available on layer-1 blockchains Arbitrum One, NEAR Protocol (NEAR), Optimism (OP) and Polkadot (DOT) by the end of the year.

XRP, ADA, Meme Coins Become Object of Interest for Author of Bestselling NFT Book, Anndy Lian

Source: UToday

Date: Thu, 29 Sep 2022 10:07:00

Author of book on NFTs considers entering XRP, ADA, or wonders if he should remain in meme coins

Negative News

Casper (CSPR) and NEAR Protocol (NEAR) Decline With The Hideaways (HDWY) Attracting Big Community

Source: Dailycoin

Date: Thu, 29 Sep 2022 03:00:41

Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), and Shiba Inu (SHIB) have all posted declines in the past 7 days. Even smaller cryptocurrencies like Casper (CSPR) and NEAR Protocol (NEAR) could not stand the blow.

The thumbnail image of this article was taken from Unsplash, and granted the free rights to use under the Unsplash License by Zoltan Tasi

 

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