Nov 28, 2023

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest crypto stories of the day, including Binance founder Changpeng "CZ" Zhao remaining in the U.S. for the moment, as a federal judge considers a Justice Department motion.

Video transcript

CZ Can't leave the US and a new investment for Ana Moa brands. Welcome to Coin Desk Daily. I'm your host, Jen Sani. All right, let's take a look at the markets. The coin desk, Bitcoin price XBX index is currently trading up around $37,500. Meanwhile, data shows that crypto investment funds attracted their largest weekly net inflows this year. They saw net inflows of $346 million last week, the largest amount in nine consecutive weeks coins shares says anticipation for a spot. Bitcoin ETF continued to entice investors. Finance founder CZ must remain in the US for now. Last week, he pleaded guilty to violating the Bank Secrecy Act and resigned as CEO. At that time, a judge granted his bond allowing him to return to the UAE where his wife and Children live. However, on Monday, a federal judge stayed that part of the bond release while he considers a justice department motion that would require CZ to remain in the country until he's sentenced. In February Kathy Woods Arc invest sold about $5.26 million of coin based shares on Monday. The sale is the biggest since July, it came as the crypto exchange climbed to the highest closing price since April 2022. Ark invest often loads up on crypto related shares when they have experienced a downward trend and sells them as they look more bullish. And a moa brands has made an investment in the to ecosystem making it the largest validator on the to Blockchain. The Hong Kong based VC is assisting third party gaming projects to build in the ecosystem by supporting to plate the network's gaming infrastructure project. And MOCA declined to provide details on the terms. That's a wrap for coin desk daily, get more updates on coin and we'll see you next time.

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