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Crypto Giants Launch Beacon Network To Freeze Stolen Funds Major crypto firms, including #Coinbase, #Binance, #Kraken, #Robinhood and PayPal, have launched the Beacon Network to identify and freeze illicit blockchain funds in real-time. The cross-sector initiative creates an "end-to-end kill chain for illicit crypto assets" moving from detection to action within minutes rather than days. At least $47billion has been sent to fraud-related addresses since 2023. Verified members can flag suspicious wallet addresses, trace funds across blockchains and share information with connected services and law enforcement. When flagged funds hit participating exchanges, automatic alerts enable tracking and freezing before withdrawal. The network has already registered successes, including tracing $1.5 million linked to a global scam and identifying $800,000 in scam deposits at a major exchange. Only verified investigators can flag addresses to prevent system abuse and maintain blockchain security integrity.
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Kanye’s Crypto Crashes in Volatile First Hours Kanye West (Ye) has launched the YZY memecoin on the Solana blockchain, and its market value surged to $3 billion within 40 minutes of debuting—before dropping sharply amid insider concerns. Branded as “Yeez
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JUST IN: US-based founders return to crypto with Trump admin policy support. #MarketPullback #CryptoRally
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「Brother Big T」 Huang Licheng currently holds a long position with a value of $140 million in $BTC, $ETH, and other tokens, with a current unrealized loss of $9.81 million.
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⚡️NEW: Ethereum Foundation’s "Trillion Dollar Security” rolls out Phase 2 initiative focusing on wallet UX improvements. It addresses wallet security, solving blind signing issues, and creating vulnerability databases to prevent smart contract exploits.
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