Polkadot official announced that Binance now supports deposit and withdrawal of USDT on the Polkadot network.

Justin Sun has deposited over $4 million worth of MKR on Binance, while the open interest for MKR has decreased, increasing the chances of a trend reversal.

Binance CEO Changpeng Zhao has expressed optimism about the recent coverage of cryptocurrency by China's Central Television (CCTV), which he believes could lead to increased adoption and a surge in prices.

Binance's NFT marketplace has entered the NFT lending space by introducing a new feature that allows users to borrow cryptocurrencies using NFTs as collateral. The feature currently supports ether borrowing against "blue-chip" NFTs, with more cryptocurrencies and NFTs to be added in the future. This feature provides liquidity for NFT holders without having to sell their NFTs in case of urgent need of money. The current interest rate on NFT loans is 7.91% p.a. and loan to value ratio ranges from 40% to 60%. Binance's NFT loan feature comes shortly after Blur's NFT lending protocol called Blend launched earlier this month.

The relationship between AI and crypto/blockchain technology is intricate. Although AI has potential in trading, smart contracts, and big data through ChatGPT, there are also risks that the crypto community must be aware of.

Deposits for several bridged network tokens have been temporarily suspended by Binance, the world's largest cryptocurrency exchange, due to pending clarifications from the Multichain team. Multichain has confirmed that some cross-chain routes are unavailable due to "force majeure," and the time to restore service is unknown. Reports suggest that Multichain co-founder and CEO Zhao Jun is currently missing and suspected of being investigated by the police, which may be related to the situation. The native token of Multichain, MULTI, has fallen 40% in the last three days as a result. Additionally, our website features an updated list of the top crypto marketing firms and agencies for 2023, along with the best picks, as well as a list of the top 10 Web3 games to explore in 2023. Visitors can also learn about the latest developments in cross chain bridges and the Fantom network.

The United States law enforcement, in partnership with the Binance Investigations team, has successfully seized $4.4 million and frozen several accounts linked to North Korean organized crime. This joint effort highlights the effectiveness of proactive measures taken over a year ago and demonstrates the crucial role played by law enforcement agencies and private sector entities in upholding the law, promoting global security, and safeguarding financial systems.

On May 23, the U.S. Treasury's Office of Foreign Assets Control (OFAC) sanctioned six crypto addresses belonging to North Korean national Kim Sang Man for his involvement in cybercrime and fraudulent IT job placements that generated revenue for North Korea's government and weapons programs. The sanctioned addresses include two Bitcoin, two Ethereum, one Tether, and one USDC address. OFAC also sanctioned four organizations related to Kim and the scheme, including the Chinyong Information Technology Cooperation Company. Binance separately announced that it helped the U.S. Treasury seize $4.4 million linked to involved individuals by taking action against the relevant accounts.

The US Attorney's Office has initiated a civil forfeiture action to recover cryptocurrency proceeds related to a business email compromise (BEC) fraud scheme that targeted a Massachusetts-based company. The government is focusing on seizing crypto assets from seven accounts held at Binance, a popular cryptocurrency exchange. The United States has seen a significant increase in crypto-related phishing scams, which have become a major concern for individuals, businesses, and law enforcement agencies. In addition, pig butchering schemes have emerged, targeting individuals or businesses involved in the livestock industry, particularly pig farming. The government aims to seize and forfeit cryptocurrency confiscated from several accounts held at Binance, including Bitcoin, Tether, ApeCoin, JASMY, Origin Protocol, Shiba Inu, eCash, TLM, and Binance coin. The scammers used effective tactics to deceive the company into transferring a significant amount from their local bank account to another account, which was then converted to Bitcoin on a cryptocurrency exchange. The funds were routed through various crypto addresses, aligning with techniques commonly observed in money laundering transactions. The authorities successfully seized these funds from Binance in August and September 2022, despite the money being routed through numerous intermediary wallet addresses. The complaint presented by the US Attorney's Office firmly asserts that the seized cryptocurrency represents the ill-gotten proceeds from the wire fraud and serves as evidence of property involved in money laundering. Any claims made by third parties regarding the property must be examined and resolved before the property can be forfeited to the United States and returned to the victims.

Despite a price increase, market sentiment remained negative and indicators suggested that the uptrend could end soon. Binance announced support for the network upgrades of both Terra Classic (LUNC) and Fetch.ai (FET), which could have a strong impact on the ecosystem in the coming days.