In this YouTube video, FinoSafe Crypto News for May 23, 2023, discusses several recent developments in the cryptocurrency world. Ledger, a popular hardware wallet provider, has decided to postpone its plans for a private key recovery service due to security concerns. The market cap of Tether (USDT) is approaching an all-time high as minting on the Tron network increases. New crypto regulations in Hong Kong indicate that the city may be serving as a testing ground for China’s broader cryptocurrency strategy. An AI-generated hoax of a Pentagon explosion briefly caused a market sell-off. Solana Labs has launched a $100 million fund to support Web3 gaming. The video concludes with a summary of the day’s news highlights and a thank you for watching.