Binance proposes recovery initiative, TRM Labs enhances transaction analysis, Sumsub and Mercuryo address user verification challenges, and other Web3 news

TRM Labs has introduced Behavioural Intelligence, the third generation of blockchain investigations, which enhances transaction analysis and pattern recognition to improve the detection of suspicious activities on-chain. (📰The Paypers)
Sumsub and Mercuryo have released a guide addressing user verification challenges in Web3, emphasizing the importance of KYC checks and AML compliance as the crypto industry navigates evolving regulations. (📰The Paypers)
In response to FTX’s bankruptcy, Binance has proposed a USD 1 billion industry recovery initiative to support companies facing liquidity crises, while regulatory bodies are calling for increased oversight in the crypto market. (📰The Paypers)
Cwallet has partnered with Creditlink to enhance DeFi services and provide a seamless bridge between Web2 and Web3 finance, focusing on security and user accessibility across multiple blockchains. (📰BlockchainReporter)