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Polymarket users bet on 96% chance of Zhao Changpeng being released from prison within two years

Users of decentralized cryptocurrency betting platform Polymarket are giving former Binance CEO Zhao Changpeng a 96% chance of being released from prison within two years, according to Coindesk. The odds are 42% that he will serve less than six months in prison, 17% for 6-11 months, and 19% for 12-17 months. There is less than a 2% chance that he will be sentenced to the 36-month prison term sought by U.S. prosecutors (30-35 months). Zhao is currently being held in jail on $175 million bail and is scheduled to be sentenced on April 30th (local time).

Binance WBTC plunges to $5200, then recovers

Cointelegraph reports, “A flash crash in the price of WBTC occurred on Binance on Nov. 23 (local time). This caused WBTC to briefly drop from $98,000 to $5,200, but has since recovered. The cause of the error is still unknown.

blockchain crypto cryptocurrency Trump nominates Crypto Proponent Secretary (SpotedCrypto)

Trump nominates 'Crypto Proponent' Howard Lutnick as Commerce Secretary, while US SEC chairman struggles to narrow down candidates to four.

US President-elect Donald Trump has nominated US investment bank Cantor Fitzgerald CEO Howard Lutnick to serve as Secretary of Commerce, according to the Wall Street Journal (WSJ). Lutnick is an avid supporter of Bitcoin and Tether (USDT), with Cantor Fitzgerald reportedly serving as Tether's U.S. Treasury bond

blockchain crypto cryptocurrency IBIT Option hit 1.9B first day od trading (SpotedCrypto)

BlackRock IBIT Options Hit $1.9 Billion in First Day of Trading, Grayscale Begins Trading on November 20th.

Bloomberg ETFs analyst James Seyffart reports via X that “Options volume on BlackRock's bitcoin spot ETF IBIT, which began trading today (Nov. 19), was about $1.9 billion. A total of 35.4 million contracts were active, of which 28.9 million were calls (82%) and 65,000

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