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Binance’s CZ to be sentenced at 12 PM ET, with markets expecting <6 months of prison time

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Top stories today:

  1. Binance’s CZ to be sentenced at 12 PM ET, likely <6 months
  2. ChatGPT’s memory feature rolling out to Plus users globally
  3. 78% of Americans say social media companies have too much power
  4. 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

*Sponsored.

4. 78% of Americans say social media companies have too much power, influence in politics

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