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CoinDesk Podcast Network

COINDESK DAILY: Shaq to Defend Himself in NFT Class Action; Do Trump's Election Odds Drive The Price of Bitcoin?

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

🗓️ 19 August 2024

⏱️ 3 minutes

🧾️ Download transcript

Summary

Host Jennifer Sanasie breaks down the news in the crypto industry from Shaq's class action lawsuit and the correlation between bitcoin’s price and Donald Trump's victory odds.

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today as Shaquille O'Neal will have to defend himself against allegations in a class action lawsuit. Plus, the correlation between bitcoin’s price and Donald Trump's victory odds. And, a Dubai court ordered a company to compensate a worker through a cryptocurrency token.

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” 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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0:49.7

This is CoinDesk Daily. I'm your host, Jen Sanassi.

1:03.3

Shaquille O'Neal will have to defend himself against some allegations in a class action lawsuit.

1:12.0

According to documents filed, a UF's court has granted one part and dismissed another part of a class action lawsuit against the legendary basketball player for his role in the NFT project Astros. Astros was a project involving a collection of 10,000

1:18.5

NFT, 3D avatars, and a Dow for incubating innovative projects. The case alleged that O'Neill acted as

1:26.4

the face of Astrol's and eventually fled the

1:28.6

project after the FTX collapse and quote, the value of Astrol's financial products plummeted.

1:35.2

Does Bitcoin's recent price performance have anything to do with Donald Trump's victory odds

1:40.1

in the presidential election? Market data says no. Since Trump's mid-June meeting with Bitcoin miners,

1:46.2

crypto market experts have consistently associated Bitcoin's price with the candidate's performance

1:50.9

on betting markets and the argument strengthened after the assassination attempt. However, Prime

1:56.6

Broker Falcon X analyzed the three-day change in Bitcoin's price and the three-day change in

2:02.2

polymarket odds of Trump winning the election between June 1st and August 15th. The data shows a lack

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