Binance Launches Billion-Dollar Crypto Rescue Initiative: Binance is openly inviting participants to support the crypto industry via a rescue initiative, to which it will initially commit $1 billion. Binance FTX crypto
Binance has established the Industry Recovery Initiative which includes its own initial commitment of $1 billion, according to a blog post by the crypto giant.
Aside from Binance, there are other existing IRI participants including Jump Crypto, Polygon Ventures, Aptos Labs, Animoca Brands, GSR, Kronos and Brooker Group which have made an initial aggregate commitment of around $50 million. 150 applications from companies seeking to provide support have also been received.
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