THE HASH: Binance Sets Up Recovery Fund After FTX Collapse; Janet Yellen Warns of Weakness in Crypto

CoinDesk Podcast Network

This episode is sponsored by minima.global, Circle and Pastel Network.

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."

See also:

Binance Starts Recovery Fund for Crypto Projects Facing Liquidity Crisis

FTX Collapse Exposed 'Weaknesses' in Crypto, Janet Yellen Says: Report

FTX Owes Miami $16.5M For Arena Sponsorship Cancellation

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This episode has been edited by Doc Blust. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

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