Solana leads crypto slump with FTX’s serum project In distress

Major cryptocurrencies were mostly higher after Binance Holdings Ltd.’s

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digital-asset exchange plans to set up an industry recovery fund.

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Zhao said Monday the goal was to “reduce further cascading negative effects"

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[{"selector":"#anim-129d7bd7-88a0-49ca-8cc0-a304cdd2b849 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":500,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-b64415f1-3b81-4736-8a5f-eef6d981c7bb","keyframes":{"opacity":[0,1]},"delay":500,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8d9db0e7-16ed-495f-b8ca-d789397dfdb6","keyframes":{"transform":["translate3d(-114.87342%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8fad6ac8-05bf-4f67-8692-2cb064494473 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":500,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-9a82dd68-fbb0-473c-81c3-44f834d6b76d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":500,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-532e4680-8e3f-4619-a8c1-cb4c3d084d1d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":500,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] the bankruptcy of rival exchange FTX, adding

[{"selector":"#anim-908a2a26-df20-4c45-a28e-00b2f8d00b83 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":500,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-5764d69c-eb64-403a-9ca8-95a5a888173f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":500,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] the fund will assist otherwise strong projects that are facing a liquidity squeeze.