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The Binance and OpenAI Sagas – Bad News for Nov 28

Originally aired on November 28, 2023

Hosts Joel Comm and Travis Wright cover a range of topics including the recent turmoil at Binance, government crackdowns on crypto and AI, and developments in the NFT space. They also discuss the latest news in the industry, including the saga between OpenAI and Microsoft and the potential impact of Disney entering the NFT market. Overall, the episode provides a comprehensive update on the current state of crypto, AI, and NFTs.

What is the aftermath of the Binance and OpenAI sagas?

  • Binance CEO settles for $4.3 billion with the SEC in a plea deal
  • US DOJ seizes Tether and grayscale is in discussions with the SEC regarding an ETF
  • OpenAI faces internal strife and legal action

How has government intervention affected the crypto and AI industries?

  • Binance CEO’s settlement sends a message of government intervention in the crypto industry
  • OpenAI CEO affected by internal conflicts and legal issues
  • Grayscale navigating discussions with the SEC over ETFs

What are the developments in the NFT space?

  • Disney enters the NFT market, offering digital collectibles
  • Coin Telegraph introduces NFTs of their news stories
  • Associated Press faces criticism over an NFT depicting migrants in a boat in the Mediterranean