CoinDesk: Binance Sets Up Recovery Fund After FTX Collapse; Janet Yellen Warns of Weakness in Crypto: Report
Binance is setting up an industry recovery fund to help rebuild the space amid FTX contagion fear. Tron founder Justin Sun said that Tron, Huobi Global and Poloniex will support Binance in its initiative. Meanwhile, Bloomberg reports that Treasury Secretary Janet Yellen the FTX fallout "shows the weaknesses of this entire sector." The Hash group discusses the latest developments.
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