Binance Blog published a new article, highlighting the increasing threat of scams targeting Binance users through fake face verification and QR code traps. These scams are designed to deceive users into granting access to their accounts, posing significant risks to their funds. The article emphasizes the importance of user vigilance and the necessity of using only official Binance communication channels to avoid falling victim to these scams. Crypto scams are evolving, and scammers are now employing sophisticated tactics to impersonate Binance support. They often request face videos or send QR codes under the guise of account verification or rewards. These scams rely on users trusting the wrong source, leading to potential account takeovers. The article details how these scams operate, with scammers using AI to mimic users or sending QR codes that, when scanned, allow them instant access to the victim's Binance account. The consequences can be severe, with scammers transferring funds before the breach is detected. The article provides a real-life example of a user named Lisa, who received a QR code via WhatsApp promising Binance rewards. After scanning it, her account was compromised, putting her crypto assets at risk. Fortunately, she managed to freeze her account in time, but the incident underscores the need for caution. Scammers often target users on social media platforms like WhatsApp, Telegram, and Facebook, exploiting their trust in supposed support messages or enticing offers. The article warns that regions with high device theft rates are particularly vulnerable, especially if devices are not secured. Binance's risk team is actively combating these threats through continuous monitoring and rapid response measures. They track fake support accounts and malicious QR code distributors, shutting them down swiftly. The team also emphasizes that any requests for videos or QR codes will only come from verified sources, such as the Binance app or website. Users are encouraged to report suspicious activities and secure their devices with strong passwords and two-factor authentication. To protect themselves, users are advised to follow a three-step safety checklist: refuse to send face videos to unverified sources, avoid scanning random QR codes, and secure their devices. The article concludes by reminding users that while Binance's support teams are available 24/7, personal vigilance is the first line of defense. By adhering to these guidelines, users can outsmart scammers and safeguard their crypto assets effectively.

The US Senate will hold a final vote on the GENIUS Act on 17 June, aiming to regulate stablecoins. While the bill has bipartisan support, critics argue it lacks strong consumer protections and raises concerns over Trump-related conflicts. If passed, it moves to the House for further review.

Odaily Planet Daily News: OSL, Asia's first digital asset custodian licensed and insured by the Hong Kong Securities and Futures Commission (SFC), officially announced its support for the custody of mETH. This move reflects the expansion of the mETH protocol to regulated financial infrastructure and is a milestone towards institutional-level custody.

BlackRock's BUIDL fund hits $2. 89 billion, leading tokenized U. S. Treasury market growth. source: https://coincu.com/343023-blackrock-buidl-fund-leads-tokenization

Odaily Planet Daily News - Iran's permanent mission to the United Nations sent a letter to the rotating president of the Security Council, requesting an emergency meeting to respond to Israel's blatant aggression against Iran. The letter strongly condemned Israel's aggression against Iran's peaceful nuclear facilities and senior military officials with the support of the United States, and called on the Security Council to hold an emergency meeting immediately and take decisive action against these criminal and provocative acts. The letter stated that Israel has recklessly, illegally and premeditatedly launched a series of attacks on Iran's nuclear facilities and civilian infrastructure. These actions are considered to be a clear violation of the UN Charter and the basic norms of international law, and their dangerous consequences seriously threaten regional and international peace and security. (Jinshi)

In this post: Sonic Labs is integrating Bubblemaps V2 to give users a closer look at wallet behavior and token flows. According to Sonic Labs’ CEO, Michael Kong, there is a growing demand for on-chain intelligence. Therefore, by expanding its InfoFi infrastructure, Sonic will provide its community with tools to explore, analyze, and assess market […] source: https://www.cryptopolitan.com/sonic-labs-integrates-with-bubblemaps-v2-to-offer-customers-visibility-into-wallet-behavior/

Two Chinese victims lost their Bitcoin after a business meeting in Mae Sai district, transferring funds in two separate transactions. source: https://decrypt.co/325028/thai-police-arrest-chinese-suspect-bitcoin-fraud-case

Odaily Planet Daily News KuCoin announced that its first fully compliant local trading platform, KuCoin Thailand, is officially open to Thai users for registration and trading. The platform has obtained regulatory approval from the Securities and Exchange Commission of Thailand (SEC), supports Thai baht deposits and withdrawals, and provides localized, highly secure, and easy-to-operate digital asset services. KuCoin CEO BC Wong said that this is an important step for the company to deepen its strategic layout in Southeast Asia. After registering in India, it once again demonstrated its determination to operate globally in compliance. In 2023, about 13 million Thais will use cryptocurrencies, and the market potential is huge.

null source: https://x.com/DaanCrypto/status/1933414719466938484

Under the proposal, $50 million would go to the SEC, while the remaining $75 million would be returned to Ripple. This joint motion is part of … source: https://coinpedia.org/crypto-live-news/ripple-and-sec-push-to-end-legal-battle-propose-split-of-125m-penalty/

OKX market shows that BTC rebounded and broke through 104,000 USDT, and is now reported at 104,014 USDT, with the 24-hour decline narrowed to 3.66%. (This newsletter is generated by AI)

Ripple and the SEC have jointly asked a US court to lift a ban on XRP sales to institutions and cut Ripple’s fine from $125 million to $50 million. They hope this will end the long-running legal case before a key 16 June deadline.

Hong Kong Customs and Excise Department has partnered with the University of Hong Kong to develop a crypto tracking tool amidst rising money laundering cases involving digital assets, aiming to strengthen detection and investigation of illicit transactions.

Between 13 to 30 May, 49 people in Singapore were arrested for allegedly helping launder scam proceeds by sharing personal data and account credentials. Authorities warn such crimes carry heavy fines and jail time.

Shopify has teamed up with Coinbase and Stripe to let merchants in 34 countries accept USDC payments through its platform. The system uses Coinbase’s Base network and allows payouts in either USDC or local currency, with no cross-border fees.

Binance now offers full access to Syrian users after the US lifted sanctions, removing Syria from its Prohibited Countries list. Syrians can trade over 300 tokens, joining 270 million users globally—a major shift for a region long cut off from global finance. Could this be a breakthrough for financial inclusion?

Golden Finance launches the 2723rd issue of "Golden Morning 8" - a morning report on the cryptocurrency and blockchain industry, providing you with the latest and fastest news on the digital currency and blockchain industry.

Golden Finance launches "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and Metaverse industry news.

This public split essentially touches on the dilemma of Ethereum’s current governance structure.

Stablecoins do not challenge the credit essence of the U.S. dollar, but they are quietly rewriting the circulation path of the U.S. dollar, the choice of where funds land, and the pricing method of global capital - this is a revolution about "path" rather than "currency".