BIGCAP COINS:

1. Bitcoin: Market Cap of $1.3 Trillion.
2. Notcoin: Market Cap of $2.1 Billion.
3. Ethereum: Market Cap of $430 Billion.

MIDCAP COINS:

1. Beercoin: Market Cap of $122 Million.
2. Biaoqing: Market Cap of $34.5 Million.
3. Ben the Dog: Market Cap of $32.3 Million.

RISING COINS:

1. PeiPei: Market Cap of $68.3 Million.
2. Pepe: Market Cap of $5.1 Billion.
3. Mog Coin: Market Cap of $330 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Ethereum has recently seen a significant uptick in investments from large-scale holders, often referred to as “whales”. Data from the cryptocurrency analytics platform Santiment reveals that these investors have acquired over 700,000 ETH tokens, valued at approximately $2.45 billion, in just three weeks.

This surge in whale activity comes at a time when Ethereum is facing difficulties in sustaining its bullish trend. Currently, the cryptocurrency trades at $3,562 on the Bitstamp exchange, after briefly dipping to a low of $3,360 on June 14. Such fluctuations underscore the ongoing challenges within the market.

Despite these market conditions, the interest from wealthy investors suggests a strong underlying confidence in Ethereum’s long-term value. Analysts, including ShayanBTC from CryptoQuant, have noted potential short-term bearishness due to pressures from futures traders, yet the robust investment from whales may indicate a brighter horizon for Ethereum’s stability and growth.

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The following is an excerpt from “I Am Not Your Bruh: 21 Keys to Sound Parenting” by George Mekhail. Visit the Bitcoin Magazine Store to order your copy of the book, on sale today.

I started using this phrase as my final words to the kids when dropping them off at elementary school and I continue to use it to this day as they are getting ready to go hang out with friends or leave the house. Danielle and I frequently talk about one of our primary intentions with parenting is raising kids who are becoming leaders. The concept of leadership in our world has become somewhat elusive if not straight up confusing. Leadership is not the same as authority and it’s not the same as popularity….

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Etched in the chronicles of technological innovation, the evolution of Bitcoin mining stands as a testament to humanity’s boundless pursuit of progress. What began as a niche hobbyist endeavor has blossomed into a revolutionary force.

This evolving industry has been captivating minds and challenging conventional norms within the financial and energy realms. From its humble origins, Bitcoin mining has embarked on a visionary quest, leaving an indelible mark on our collective history.

A perfect example of this being ‘The Chancellor on brink of second bailout for banks’ headline which will be forever etched into Bitcoin’s timechain for as long as Bitcoin exists.

The… Read more on bitcoinnews

The government of El Salvador has introduced a reform proposal to establish a private investment bank, allowing operations in both Bitcoin and the US dollar, as stated by El Salvador’s Ambassador to the US, Milena Mayorga. Under the proposed reform, the bank would have the authority to accept deposits, issue loans, and potentially offer various financial services using Bitcoin alongside the US dollar.

Moreover, the reform aims to permit private banks to apply for authorization to provide digital asset and Bitcoin services, according to local media. This initiative is part of a broader effort to create a legal framework for El Salvador’s private investment bank, facilitating the flow of financial resources toward businesses and government projects. The bank would be required to have a minimum capital of $50 million and could include foreign shareholders.

The reform bill defines “sophisticated investors” as individuals with investment experience, risk assessment skills, and freely available assets equivalent to $250,000 or $500,000. Furthermore, compared to traditional banks, private investment banks would face fewer restrictions, including the lifting of prohibitions on foreign-related contracts with affiliated entities and the removal of limitations on loan concentrations and credit exposure to a single borrower. While the reform proposal has been submitted to the Legislative Assembly, it has not yet been approved. El Salvador, under the leadership of President Nayib Bukele, a staunch supporter of Bitcoin, is expected to continue advancing its pro-Bitcoin agenda, aiming to increase Bitcoin’s adoption and usage in the future.

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$1M – $10M MarketCap:

1. Based Shiba Inu (BSHIB): 119%
2. Gorilla (GORILLA): 25%
3. Hypurr Fun (HFUN): 23%
4. EnterButton (ENTC): 16%
5. Levana (LVN): 16%

$10M – $100M MarketCap:

1. Biaoqing (BIAO): 99%
2. Minativerse (MNTC): 69%
3. Parsiq (PRQ): 46%
4. Open Custody Protocol (OPEN): 30%
5. L7 DEX (LSD): 27%

$100M – $1B MarketCap:

1. Resistance Dog(REDO): 22%
2. Convex Finance (CVX): 18%
3. Rocket Pool (RPL): 12%
4. Aethir (ATH): 11%
5. Apu Apustaja (APU): 10%

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Deutsche Telekom, Europe’s largest telecommunication provider, will soon begin mining Bitcoin, according to remarks made by Dirk Röder, head of Web3 infrastructure and solutions at Deutsche Telekom-owned subsidiary T-Systems MMS, at the BTC Prague conference. Röder revealed that since 2023, the company has been running both a Bitcoin node and Bitcoin Lightning nodes, and announced with pride that they will soon engage in what he referred to as “digital monetary photosynthesis,” confirming that T-Mobile will indeed mine Bitcoin.

Deutsche Telekom’s involvement in the crypto space extends beyond Bitcoin. The company has been actively participating in various blockchain projects, including operating nodes and forming investment partnerships with Polkadot, Flow, and Celo. In 2022, Deutsche Telekom announced support for Ethereum by running validator nodes and collaborating with liquid staking protocol StakeWise, even joining its governance DAO. Additionally, Deutsche Telekom runs validation nodes for Polygon and supports the Q and Chainlink blockchain networks. These efforts highlight Deutsche Telekom’s commitment to integrating blockchain technology into its operations and supporting the broader ecosystem.

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U.S. Congressman Ro Khanna, representing California’s 17th congressional district, is set to host a Bitcoin and blockchain roundtable in Washington D.C. in early July, according to a private email sent by Khanna’s Office, seen by Bitcoin Magazine. 

Khanna’s Office described the upcoming meeting as “the most significant meeting between policymakers and innovation leaders in blockchain to date.”

The roundtable is expected to feature officials from the Biden Administration, House, and Senate, alongside American businessman Mark Cuban, according to the email. The primary objective of this meeting is to strategize on how to keep “Bitcoin and blockchain innovation in the United States.”

This…

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At the State of Crypto Summit 2024, Coinbase Founder and CEO Brian Armstrong discussed significant advancements in cryptocurrency, emphasizing the potential of their layer-2 solution, Base. Armstrong compared the transition from layer-1 to layer-2 networks to the evolution from dial-up to broadband, highlighting faster transactions and lower costs which he believes will revolutionize global payments and remittances.

Armstrong further underscored crypto’s evolution from just an asset class to a real-world utility tool. With a market cap already exceeding a trillion dollars and over 400 million users, he foresees crypto enhancing activities like voting and social networking. The goal is global adoption, potentially reaching over a billion users, transforming economic interactions through reduced friction and intermediary needs.

Projecting a bold future, Armstrong anticipates crypto facilitating up to 25% of global GDP within ten years. He cited the efficiency of real-time, peer-to-peer transactions that eliminate intermediaries as pivotal. This, he argues, will significantly reduce economic friction and streamline financial interactions on a global scale.

Source

BIGCAP COINS:

1. Notcoin: Market Cap of $2.1 Billion.
2. Toncoin: Market Cap of $19.3 Billion.
3. Bitcoin: Market Cap of $1.3 Trillion.

MIDCAP COINS:

1. Biaoqing: Market Cap of $22.2 Million.
2. Super Trump: Market Cap of $30.7 Million.
3. io.net: Market Cap of $507 Million.

RISING COINS:

1. Mog Coin: Market Cap of $354 Million.
2. Hoppy: Market Cap of $22.4 Million.
3. Pepe: Market Cap of $5.1 Billion.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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