Former Binance CEO Changpeng “CZ” Zhao now faces the genuine possibility that he’ll spend three years in federal prison in the U.S. – well above the possible 18 months laid out in his plea agreement.
The latest price moves in bitcoin (BTC) and crypto markets in context for April 29, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Despite a brief pop in revenue for miners post-halving amid the Runes frenzy, hash price has now dropped to less than $50 per PH/s per day.
The investment will fund the roll-out and commercialization of the company’s medical devices.
Stablecoin issuer Tether has invested $200 million in Blackrock Neurotech, a biotech company, through Tether Evo.
Go to Source Author: Will Canny
More than 160 of Changpeng “CZ” Zhao’s loved ones, friends and colleagues have written to a Washington judge ahead of the Binance founder and former CEO’s sentencing tomorrow, asking for leniency and painting a picture of Zhao as a devoted father and friend, and a “geeky” tech nerd who shuns luxury purchases despite his immense personal wealth.
The outflows are the largest since a record of nearly $1 billion during the third week of March as bitcoin fell back from its all-time high.
The Japanese yen swung wildly on Monday, recovering 500 pips from over three-decade lows on suspected BOJ intervention.
The analysts also argued that the SEC’s denial of spot Ethereum ETFs could be bullish for the Ethereum ecosystem.
