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CoinDesk Podcast Network

COINDESK DAILY: 161 Letters of Support for Binance's CZ; Tether's Latest $200M Investment

CoinDesk Podcast Network

CoinDesk

Cryptocurrencies, Cryptocurrency, Dlt, Tokenization, Coindesk, Distributed Ledger, Blockchain, Tech News, Business News, Ethereum, Bitcoin, News, Digitalassets, Daily News, Decentralization, Defi, Crypto, Business

4.8689 Ratings

🗓️ 29 April 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

Host Jennifer Sanasie breaks down the latest news in the crypto industry from the letters of support for CZ to Tether's investment in a brain-computer interface company.

To get the show every day, follow the podcast here.

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as a Washington court received 161 letters of support for Binance co-founder Changpeng “CZ” Zhao. Plus, crypto markets are in the red amid renewed fears of U.S. stagflation and Tether invested $200 million to acquire a majority stake in brain-computer interface company Blackrock Neurotech.

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This episode was hosted by Jennifer Sanasie. “First Mover” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:51.7

Crypto markets are in the red amid new fears of US.S. stagflation, a worst-case scenario for risk assets.

0:59.2

The market appears to be on a precipice right now as it debates which direction to take,

1:03.9

while significant bullish and bearish narratives are on the horizon.

1:07.7

QCP wrote in a note that a period of high inflation and low growth, also known

1:11.5

as stagflation, is very real, weakening the probability of Fed rate cuts. Meanwhile, the launch

1:17.2

of Bitcoin Exchange traded funds in Hong Kong is set for April 30th, catching the eye of traders.

1:24.2

161 letters from Binance co-founder and former CEO, CZ's friends and family have poured into the court ahead of his sentencing on Tuesday.

1:33.5

The letters requested leniency in his sentencing and his lawyers have asked that he be sentenced to probation only.

1:39.9

This, while prosecutors are asking for a prison sentence of three years, CZ pleaded guilty to violating the Bank Secrecy Act in November last year.

1:48.5

This is usually punished by probation-only sentences.

1:53.1

And Tether buys a $200 million majority stake in Brain Computer Interface Company Black Rock

1:58.9

Neurotech via its venture capital division

...

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