Bitcoin a Krypto Mäert Pop Als Binance CEO annoncéiert d'Industry Recovery Fund

An announcement from Binance CEO Changpeng Zhao has triggered an immediate rise in the price of Bitcoin and the overall crypto markets.

Zhao seet he’s forming an “industry recovery fund” to support companies and projects that are struggling with liquidity in the aftermath of the collapse of FTX.

“To reduce further cascading negative effects of FTX, Binance is forming an industry recovery fund, to help projects who are otherwise strong, but in a liquidity crisis. More details to come soon. In the meantime, please contact Binance Labs if you think you qualify.

Och begréissen aner Industrie Spiller mat boer deen ze co-investéieren wëllt. Crypto geet net fort. Mir sinn nach ëmmer hei. Loosst eis nei opbauen."

Bitcoin has rallied from a 24-hour low of $15,906 to a high of $16,580.

Ethereum has bounced from a 24-hour low of $1,180 to a high of $1,233.

The market move caps off a chaotic weekend that began with the FTX behaapt huet it had been hacked as user account balances plunged to zero and millions of dollars in crypto began exiting the exchange.

A few hours before the new announcement from Zhao, disgraced FTX founder Sam Banman-Fried posted a bizarre and incoherent message on Twitter.

2) H

- SBF (@SBF_FTX) November 14, 2022

Bankman-Fried has not said anything material since ugekënnegt the bankruptcy of FTX, FTX.US and Alameda Research on Friday

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