THE HASH: Binance Sets Up Recovery Fund After FTX Collapse; Janet Yellen Warns of Weakness in Crypto
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 15 November 2022
⏱️ 30 minutes
🧾️ Download transcript
Summary
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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Transcript
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| 0:49.7 | This episode of The HASH is sponsored by minima.global, Circle, and Pastile Network. |
| 1:02.0 | This is the HASH podcast. Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more with stories that matter to the crypto world, all on |
| 1:12.3 | the hash for your ears. |
| 1:15.3 | You're listening to the Coin Desk podcast network. |
| 1:21.0 | Hey there, welcome to CoinDesk TV. |
| 1:23.0 | You are watching The Hash, the crypto world still reeling from the FTX collapse. We'll talk about all |
| 1:29.1 | the latest ramifications in a bit. I'm Zach Seward. That's Will Foxley. Jen Sanassie and |
| 1:33.8 | Wendy O up there top right. She's going to lease off today with something that Binance is doing |
| 1:39.2 | in the wake of this collapse. Wendy, what do you got? First off, I'm sorry to anybody who lost |
| 1:46.3 | funds. It has been a hell of a bare market, a hell of a bare market. And I feel like everybody |
| 1:52.1 | that's watching, everybody that's hosting, just everybody in crypto in general, did not see this |
| 1:57.5 | coming. But I guess looking for the silver lining here, Binance starts recovery |
... |
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