Binance announces its membership as a founding member of the Beacon Network, joining the world's first real-time cryptocurrency crime response network.

This is actually quite interesting. Binance's participation in the Beacon Network means they are forming a group with a bunch of peers, regulators, and on-chain security institutions to share intelligence. If someone experiences hacking, money laundering, fund runs, or suspicious addresses, they can share this information immediately to block it as soon as possible.

Previously, we all knew that hackers transfer money and launder it at a very fast pace, and it's often hard to recover once something happens. Now, this kind of real-time intelligence sharing acts as an early warning radar for the entire industry, allowing for immediate monitoring when something goes wrong, thereby reducing the chances of funds being lost.

Binance's entry into this network actually aligns with its positioning as the largest exchange in the world. They face various compliance and security issues daily, and they are even more afraid of hackers and dirty money than smaller platforms, as they would be the ones held responsible in case of any incidents.

Personally, I believe this is a positive development for the industry. The cryptocurrency sector is often criticized from the outside, labeled as a money laundering paradise, and now it’s showing everyone: we are also working hard to clean up the environment, drive out bad actors, and protect normal users.

In the long run, the more security alliances there are, the more beneficial it will be for industry development. After all, no one wants their funds to end up in the hands of hackers.