TRM Labs, in collaboration with Coinbase, Binance, Kraken, PayPal, and others, launched the Beacon Network to create the world's first real-time cryptocurrency crime response network. This network aims to track and freeze illegal cryptocurrency funds in real-time through the collaboration of exchanges, payment institutions, law enforcement, and security researchers. TRM Labs describes this as the first 'end-to-end strike chain' against illegal crypto assets, taking only minutes from detection to action. (Cointelegraph)