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Deutsche Telekom Dives into Bitcoin Mining Telecom giant Deutsche Telekom, the parent company of T-Mobile, is making waves in the crypto space by announcing its entry into Bitcoin mining. This news was revealed by Dirk Röder, Head of Web3 infrastructure and solutions at T-Mobile's Telekom MMS, during a recent conference. Deutsche Telekom's move is seen as a positive development for the Bitcoin mining industry. The company's large scale and resources could potentially contribute to bolstering the security and stability of the Bitcoin network. However, some concerns exist regarding the increased competition for existing miners who are already facing a challenging market environment. It's interesting to see how Deutsche Telekom's venture into Bitcoin mining unfolds and the impact it has on the crypto landscape.
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The trading start time for ZKsync (ZK), originally set at 2024-06-17 08:00 (UTC), will be postponed to 2024-06-17 09:00 (UTC).$
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$ETH Ethereum ETF Update: Approvals Likely This Summer, But No Spot ETFs Yet There are currently two key points to consider regarding Ethereum ETFs: Spot ETFs Still Pending Approval: The U.S. Securities and Exchange Commission (SEC) has not yet approved any spot Ethereum ETFs. These ETFs would directly track the price of Ethereum, similar to how a Bitcoin ETF tracks Bitcoin. Summer Launch Possible: SEC Chair Gary Gensler has indicated that approvals for spot Ethereum ETFs could come sometime this summer. However, individual issuers still need to complete the registration process. While there are currently no spot Ethereum ETFs available, the possibility of their approval in the coming months is a significant development for the cryptocurrency.
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$SOL Andrew Tate's DADDY Coin: Soaring High or Risky Ride? Social media personality Andrew Tate launched his memecoin, DADDY, in early June, causing a stir in the crypto world. The coin experienced a meteoric rise, reaching a market capitalization of $300 million within a day. However, its rapid growth was met with skepticism and accusations of insider trading. Early Success, But Questions Arise DADDY's initial success can be attributed to Tate's large social media following and his aggressive promotion of the coin. However, concerns were raised about the tokenomics of DADDY, with some analysts pointing out that a significant portion of the coin's supply was held by insiders before its public launch. This raised suspicions of potential manipulation. Is DADDY Here to Stay? Despite the controversy, DADDY remains a player in the memecoin space. Its future trajectory is uncertain, and investors should exercise caution before investing. It's important to conduct thorough research and understand the inherent risks associated with memecoins before investing in DADDY or any other similar token.
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Curve's CRV Token Drops 30% Amid Founder's Liquidation
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