PANews reported on August 20th that Binance has joined the Beacon Network, developed by blockchain analytics firm TRM Labs, becoming a founding member of the first real-time crypto crime response network. The network aims to connect exchanges, stablecoin issuers, and law enforcement agencies to share intelligence in real time and prevent illicit funds from leaving the blockchain. The Beacon Network leverages the transparency and speed of blockchain to provide enhanced security for users. Binance stated that this move will further enhance trust and security in the crypto industry and support the long-term growth and global adoption of digital assets.