Express

Binance Commits Another $1 Billion to Industry Recovery Fund

Katie Lin

Summary: Binance CEO Changpeng “CZ” Zhao said on Friday it has added another $1 billion to its $1 billion industry recovery fund, Many other companies, including Aptos Labs and Jump Crypto, joined Binance and will contribute $50 million to the fund. The recovery fund will be used to support the industry, which has seen major declines ...

Binance CEO Changpeng “CZ” Zhao said on Friday it has added another $1 billion to its $1 billion industry recovery fund,

Many other companies, including Aptos Labs and Jump Crypto, joined Binance and will contribute $50 million to the fund.

The recovery fund will be used to support the industry, which has seen major declines since the beginning of the year.

Author: Katie Lin

Last Update:

Tags: ,,
Link: Binance Commits Another $1 Billion to Industry Recovery Fund   [Copy]
  • The GENIUS Act & Stablecoin Regulation: BRG's Dominic Zagara on Crypto's Defining ... 1 day ago
  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 4 days ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 5 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 8 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 9 days ago
  • You need to login to comment.