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Binance Sets Up Recovery Fund After FTX Collapse; Janet Yellen Warns of Weakness in Crypto appeared on www.coindesk.com by Zack Seward,Jennifer Sanasie,William Foxley,Wendy O.
Binance is setting up an industry recovery fund to help rebuild the space amid FTX contagion fear. Tron founder Justin Sun says Tron, Huobi Global and Poloniex will support Binance in its initiative. Meanwhile, Bloomberg reports that Treasury Secretary Janet Yellen said the FTX fallout “shows the weaknesses of this entire sector.”
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