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OpenSea’s $13B valuation doesn’t make sense as NFT trading volumes plunge

The web3 faithful will note that the NFT market goes up and down, and as it is down today, it will go up again. That may be true, and it may even be...

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Valkyrie CEO says suing US SEC for a spot bitcoin ETF ‘isn’t likely to succeed’

Grayscale Investments responded to the SEC's rejection of its application for a bitcoin spot exchange-traded fund by filing a lawsuit against...

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China’s tech giants promise speculation-free NFTs

The future of non-fungible tokens is getting more clarity in China as the country’s tech giants come together to formulate standards for the...

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The SEC rejected bitcoin spot ETFs again. Now what?

As governments worldwide continue to eye the crypto industry, some digital asset managers are pushing back against regulators in an effort to provide...

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As the NFT boom fades, major gaming companies slow their crypto plans

When there’s money to be made, feedback can, and often does, go unheard. Still, a few major gaming companies did backtrack on their plans to add...

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North Korean Lazarus hackers linked to $100M Harmony bridge theft

Researchers say the hack was consistent with the activities of the North Korean hackers.

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Venture studio Adanian Labs fuels startup growth in Africa

The venture studio targets to help build 300 next-generation startups over the next five years.

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This crypto winter may be long, but builders remain bullish

Many of the top digital assets in the cryptocurrency market are down significantly, but some market participants are shrugging it off and focusing on...

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Web3 artist Latashá on educating creators about crypto’s ebbs and flows

Latashá, a musician who has sold NFTs of her work for tens of thousands of dollars, joined the Chain Reaction podcast to talk crypto education

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Formerly rich NFT buyers party through the pain

Welcome back to Chain Reaction. Last week, we talked about infinite pessimism in the crypto markets. This week, we’re talking about parties and...

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Hacker exploits Harmony blockchain bridge, loots $100M in crypto

Another day, another crypto bridge exploit.

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Solana launches web3-focused smartphone Saga to improve crypto-mobile relationship

The co-founder and CEO of Solana, Anatoly Yakovenko, had a Steve Jobs moment when he stood in front of an auditorium in New York City and announced...

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NFT summer in New York is in full swing amid crypto winter

Anita and Lucas discuss the NFT NYC conference and dive into recent DAO and dogecoin drama

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Cryptoys banks a16z funding to build NFTs for kids

The past several months haven’t been entirely kind to the NFT market — while transaction volume hasn’t stuttered too significantly,...

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Blockchain gaming unfazed by crypto volatility as gamers ‘seek out entertainment’

While the crypto industry was in freefall over the past few months, web3 games remained fairly stable.

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eBay acquires NFT marketplace KnownOrigin for an undisclosed sum

eBay announced today that it’s acquiring Manchester-based NFT marketplace KnownOrigin. The financial terms of the deal were not disclosed. eBay...

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Uniswap acquires NFT marketplace aggregator Genie

The past few weeks have been a dark time for NFT lovers and players in the cryptocurrency industry, but for startups and executives that are dug into...

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This Ukrainian deeptech startup has trained an AI to paint war art

A Ukrainian deeptech startup is launching a charity NFT project to sell AI-generated artworks with the twin goal of raising money to support people...

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Afropolitan raises millions from Balaji Srinivasan and others to build a digital nation

Last April, Balaji Srinivasan, a high-profile figure in the crypto space and the ex-CTO of Coinbase, wrote a piece titled “How to Start a New...

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Iran to cut electricity to authorized crypto miners: report

Iran’s relationship with the crypto mining sector is a love-hate one. The government is again restricting crypto mining activity as it tries to...

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Box CEO Aaron Levie on where web3 doesn’t make sense

It’s been a rough week for the crypto community as top tokens have seen massive selloffs, pushing some in the space to double down while...

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Down bad

Welcome back to Chain Reaction. Last week, we talked about layoffs and the Winklevoss rock gods. This week, we’re looking at a new layer of...

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Bitcoin falls below $20,000 and Ethereum sinks past $1,000 as crypto market free fall continues

The crypto market suffered one of its most dramatic selloffs in years this week as the prices of top cryptocurrencies declined as much as 35%...

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Immutable launches $500M fund to boost web3 gaming adoption

The crypto gaming industry is continuing to grow in popularity as more capital is deployed in the space and traditional Web 2.0 gaming studios look...

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As crypto selloff accelerates, how much worse can things get?

The crypto markets buckled this week as fears of cascading failures of key blockchain finance players showed just how fragile things are for the...

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Crypto’s emphasis on community could lead followers off a cliff

The idea of the "family" culture that businesses push for is seeping deeper into the crypto world as communities are formed on a toxic,...

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Crypto founders face falling valuations, pulled deals amid market volatility

VCs are playing with web3 founders’ hearts, wallets and valuations as the market shifts to a VC-friendly landscape

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What the wave of layoffs says about the value of crypto exchanges

How could companies like Coinbase, which reported massive growth and huge profits last year, now be in a position where they would need to slash...

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