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- Binance’s CZ to be sentenced at 12 PM ET, with markets expecting <6 months of prison time
Binance’s CZ to be sentenced at 12 PM ET, with markets expecting <6 months of prison time
Bay Area Times
April 30, 2024
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Top stories today:
- Binance’s CZ to be sentenced at 12 PM ET, likely <6 months
- ChatGPT’s memory feature rolling out to Plus users globally
- 78% of Americans say social media companies have too much power
- Global currencies continue to underperform vs. USD in 2024
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
1. Binance’s CZ to be sentenced at 12 PM ET, with markets expecting <6 months of prison time
3 years were asked by the prosecutors.
Sentences shorter than 18 months cannot be appealed by CZ, as agreed to in his plea agreement.
Defense seeks 0 time in prison.
2. ChatGPT’s memory feature rolling out to Plus users globally, except to Europe, Korea
Feb. 2024: original announcement of the feature.
Small feature, signaling that advances in frontier LLMs may be plateauing.
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5. Global currencies continue to underperform vs. USD in 2024
Likely caused by persistently higher rate expectations, given inflation’s stickyness at 3-4%, rather than the 2% target.
6. Interesting videos, posts, and memes
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World
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