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In a phone interview with Bloomberg, the Binance Labs chief outlined the company’s views on the present state of the market, saying:

Ella Zhang, the head of Binance Labs believes there is a cryptocurrency bubble that needs to burst

"We’d like the bubble to break. We still see a lot of hype in the market, valuations are high and unreasonable. We really think if the bubble bursts, it’s a good thing for the industry. "

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