Jun 4, 2024

"CoinDesk Daily" host Helene Braun breaks down the biggest headlines impacting the crypto industry today, including Binance founder Changpeng "CZ" Zhao reporting to a federal prison in California for his 4-month sentence.

Video transcript

You're watching Coindesk Daily. I'm Helene Braun in for Jensen Asi, finance founder Sheng Ping Zhao, also known as CZ reported to a federal prison on Monday, the Canadian National will spend the next four months in Lump Park. A low security facility in the state of California. According to the Bloomberg billionaires index C is believed to be the richest person to ever go to prison in the US with a net worth of $36.5 billion. Donald J Trump is the first US president to ever be convicted in criminal court. But vets and prediction markets are not convinced that the former president will be sentenced to prison time. Data from poly markets shows that week, over week, the probability of Trump winning is down around 2% points to 54%. But on May 31st the day, a jury convicted Trump of felony crimes. It lost only 1% point. Dapper Labs has reached a tentative $4 million settlement agreement with a group of investors who sued the NFT company and its co-founder. Roham Gary gos low for allegedly violating federal securities laws. This settlement could end in nearly three year long legal battle if approved by district court, Judge Victor of the southern district of New York. And that's it for coin daily. Give more updates on coin.com and we'll see you next time.

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