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 CrisisFTX Collapse Exposed 'Weaknesses' in Crypto, Janet Yellen Says: Report  FTX Owes Miami $16.5M For Arena Sponsorship Cancellation -This episode has been edited by Doc Blust. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”This episode is sponsored by minima.global, Circle and Pastel Network.-Minima is a new layer 1 blockchain, designed to run in full on a smartphone. Join over 300,000 Minima node runners on the Incentive Program today, to start earning $MINIMA every day until Mainnet launch. Get your node setup and earn $MINIMA at minima.global/get-involved. -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.-SmartMint by Pastel Network is a no-code NFT minting platform that allows creators to seamlessly create, mint, and manage NFTs on custom smart contracts that they own. SmartMint also protects creators’ NFTs from fraud, copymint, and asset loss through Pastel’s mission critical Web3 infrastructure. Start creating today: https://smartmint.pastel.network/?utm_source=coindeskhash.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.