Binance founder CZ 🔶 BNB set to keep on growing his $33 billion fortune even as he heads to prison for four months. Zhao's controlling stake in Binance (reportedly 90%) means he will be one of the wealthiest people in prison today: cnb.cx/4a64UlX w/ Ryan Browne

BREAKING: Binance founder Changpeng Zhao has been sentenced to four months in prison - far lower than the advisory sentencing guidance, and federal prosecutors' desired 3-year sentence.

Details via MacKenzie Sigalos and me: cnbc.com/2024/04/30/bin…

Binance founder Changpeng Zhao sentenced to four months in prison: cnb.cx/3xZGnBY w/ Ryan Browne

Binance's ex-CEO Changpeng Zhao in court at 9a pt in Seattle for sentencing. Spoke to fmr federal prosecutors & trial attorneys about today's hearing — they predict CZ 🔶 BNB faces prison time in the range of a few months to 3 years: cnb.cx/3UEsQbM w/ Ryan Browne

Block says it has finished the development of its own 3nm bitcoin mining chip and is working through the design with a 'leading global semiconductor foundry' (@kenziesigalos / CNBC)

cnbc.com/2024/04/23/blo…

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The #Bitcoin 📷 halving was about more than a cut to future supply ... Casey also unveiled Runes, his latest creation which is basically a more efficient version of BRC-20 tokens. This is a massive deal for Bitcoin, the monetary network: cnb.cx/4aIrQZR

Ran past Holly Street Power Plant in Austin on the lake loop. Reminded me of how flexible power buyers like #bitcoin miners can help stabilize power grids, especially in a state like Texas that is rapidly on-boarding renewable power: cnb.cx/3U68sPf

Decentralization is a key feature of #bitcoin bcs it means the network isn't controlled by any entity & can't be shut down, even if a govt disapproves. This volcanic-powered 500kw mine is a perfect example of how Gridless is helping to fortify the network: cnb.cx/4d788IF

CNBC’s MacKenzie Sigalos reports from just outside Nairobi, Kenya, on Gridless, a company that’s using clean energy sources to power bitcoin mines that don’t need to rely on the local power grid.

Watch the full video here: cnb.cx/4d8NDvt

Curious about the bitcoin halving? MacKenzie Sigalos explains.
cnb.cx/3Upz9zS

CNBC’s MacKenzie Sigalos explains what’s happening at the Sohn Conference in New York City. cnb.cx/3xnJROk

Reporting for CNBC Pro at the Sohn Investment Conference, where the world’s top billionaire hedge funders are unveiling their trading picks today —>

Shorts:
-Sealed Air
-Globe Life
-Adtalem Global Education

Long:
-Solvay
-Pason Systems
-Crinetics Pharmaceuticals

.MacKenzie Sigalos reports on what is at stake for Sam Bankman-Fried in his criminal fraud trial, which culminates in his prison sentencing in a Manhattan court hearing on Thursday.
cnb.cx/3VHGjRf

#FTX founder Sam Bankman-Fried faces up to 50 years in prison at his sentencing hearing today. MacKenzie Sigalos has the details.

3 hours till SBF sentencing hearing gets going at SDNY’s courthouse downtown. Time FLIES when you’re sitting in a puddle working in the rain. Spoke to fmr federal prosecutors & trial attorneys - consensus is 20-30 year prison sentence likely: cnb.cx/3TBBvKj

On today's show with Frank Holland:

Markets: Gurpreet Garewall
Tesla: Tom Narayan and Craig Irwin
Disney: Jeffrey Sonnenfeld
Trading: sylvia jablonski

Reporting: Arabile Gumede, Silvana Henao, MacKenzie Sigalos, Megan Cassella, and Julia Boorstin

See you at 5am ET on CNBC!

SEC scores big win in its lawsuit against Coinbase. Judge rules SEC’s claim that the exchange engaged in unregistered sales of securities could be heard by a jury at trial: cnb.cx/3TSJunx w/ Dan Mangan

A look at the underground bitcoin community in Austin, which attracts bitcoiners because of Texas' pro-crypto policies and ecosystem of developers and miners (@kenziesigalos / CNBC)

cnbc.com/2024/03/24/ins…

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'Binance is not paying its taxes in multiple jurisdictions so a lot of countries now taking issue with the exchange,' says MacKenzie Sigalos after a Binance executive escaped Nigerian custody.