🪙 Crypto News (May 16, 2024):

1️⃣ Binance: The cryptocurrency exchange #Binance has introduced a new feature—spot copy trading. This allows clients to mirror the trading strategies of experienced traders directly in their own activities. 📈

2️⃣ pSTAKE: The team behind the pSTAKE Finance protocol, previously supported by Binance Labs venture fund, has launched a solution for liquid bitcoin staking in collaboration with Babylon. This initiative enables long-term bitcoin holders to earn passive and secure income. 💰

3️⃣ IOTA: The IOTA Foundation has announced the public testnet launch of #IOTA 2.0, incorporating a built-in Proof-of-Stake (PoS) consensus mechanism. Developers aim to establish a more secure, scalable, and environmentally friendly network. Notably, this version marks a transition to a fully decentralized model by eliminating the coordinator that previously managed consensus. 🔗

4️⃣ Lookonchain: An unidentified trader achieved a staggering 137-fold increase in their deposit within approximately five minutes. This feat was accomplished by trading the meme coin TOBI on the Solana network. Acquiring 28.58 million #TOBI tokens on the Raydium exchange for 9 SOL, the trader swiftly sold all assets for 1238 SOL when the meme coin's price surged. 💸

5️⃣ BillTrack50: Oklahoma Governor Kevin Stitt has signed into law the "Bitcoin Rights Act" (HB3594). This legislation confirms the rights of local residents to independently hold bitcoin and use it for purchasing legal goods and services. 🏛️

😀 Enjoying the updates? Want more insights and news? Consider subscribing for regular updates, or drop a like or comment below to share your thoughts or questions!