🪙 Crypto News (May 24, 2024):

1️⃣ Bitget: The cryptocurrency exchange #Bitget has announced the fifth edition of its trading tournament, the "King's Cup Global Invitational 2024" (KCGI 2024). The prize pool boasts 5 million USDT, a Ferrari 296 GTB sports car, autographed soccer balls by Lionel Messi, and other exciting rewards. ⚽🏎️

2️⃣ FSC: The U.S. House of Representatives has passed the "Financial Innovation and Technology for the 21st Century Act" (FIT21 or HR 4763). Coinbase CEO Brian Armstrong remarked that this marks the first step towards clear regulation of the industry. The vote, held on May 22, 2024, saw 279 legislators in favor and 136 against. Remarkably, the bill garnered broad bipartisan support despite some reservations from Democrat Joe Biden. 🇺🇸🏛️

3️⃣ Taiko: Taiko, a Layer 2 scaling solution for Ethereum, announced an upcoming token airdrop for community members and the imminent launch of its mainnet. The team has allocated 5% of the total 1 billion #TKO supply for this "genesis airdrop." 🌐🎁

4️⃣ Cointelegraph: Interest in the Runes protocol is waning, with related transactions plummeting by 84%. This project, seen as an evolution of the BRC-20 standard, is positioned by its developer Casey Rodarmor as akin to Ordinals. 📉📜

5️⃣ Waves: The developers of #Waves have launched the Units.Network testnet, an interoperability solution connecting Ethereum, BNB Chain, Solana, and other blockchains. To participate in the testing phase, users need to set up a node. 🔗🖥️

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