Binance, Coinbase, and several other major crypto exchanges have joined TRM Labs' new Beacon Network, aimed at combating cryptocurrency-related crime. The initiative involves collaboration with law enforcement to monitor and flag suspicious activities in real-time, enhancing consumer protection in the crypto ecosystem.

Mantra's OM token plummeted 90% in value due to alleged forced liquidations by centralized exchanges, leading to more than $50 million in liquidations on OM futures. Co-founder John Patrick Mullin emphasized that the price drop was not related to the project's fundamentals, while skepticism from the crypto community persists regarding the circumstances surrounding the crash.