Latest from Lucas Matney
The regulatory environment surrounding crypto is shifting stateside as the SEC takes aim at major players in the web3 world, promising to shake up business…
Welcome back to Chain Reaction. Last week, we looked at Musk holding onto doge. This week, we’re talking about where all of this crypto VC money is possibly gonna go.…
The U.S. Securities and Exchange Commission has brought down its wrath on Coinbase. The publicly traded exchange has been under investigation for allegedly selling crypto…
For an industry that rarely has major news anymore, this was an awfully big week for virtual reality. Unsurprisingly, all of the important data points are related to the industry’s…
The FTC filed an injunction today to block Meta’s acquisition of the virtual reality studio Within, which is best known more recently for its subscription VR workout app Supernatural. The…
Ever since a group of chronically online crypto enthusiasts tried to buy a copy of the U.S. Constitution in a high-profile bidding war, DAOs (decentralized…
Welcome back to Chain Reaction. Last week, we looked at a crossover episode for meme investing. This week, we’re talking about Musk dumping tokens while holding onto others. You can…
Investors in social media company Snap are reeling this afternoon as the stock has endured a bit of a meltdown following its release of Q2 earnings yesterday. The stock price…
A former product manager at Coinbase has been arrested, the U.S. Justice Department announced Thursday, after being charged in a cryptocurrency insider trading scheme related to the listing of new…
After a lengthy crypto bull run, the startups and projects in the space are reining in expectations and settling in for a long-haul crypto winter. It’s been a particularly tough…
Despite announcing that Tesla had sold 75% of its bitcoin holdings in Q2, CEO Elon Musk disclosed in a quarterly investor call that the company also held Dogecoin and had…
Elon Musk apparently isn’t trying to hodl Tesla’s bitcoin during a crypto winter. During the company’s Q2 earnings report, the electric car company revealed it has sold 75% of its…
Featured Article
Bored Apes founders on their plans for Otherside metaverse
After seemingly pulling off the strangest unicorn success story in tech, the founders of NFT project Bored Ape Yacht Club (BAYC) have an awful lot to prove with their startup Yuga‘s early beta vision of the metaverse, a gaming platform called Otherside. Few entertainment startups have had this level of…
As the crypto market continues to struggle, plenty of founders and investors are left wondering whether this latest bull run was all some grand fever…
Welcome back to Chain Reaction. Last week, we looked at web3 without Web 2.0’s winners. This week, we’re looking at a crossover episode for meme…
Crypto startups — fresh off a mind-boggling bull run — are preparing for the next phase of life where the mere mention of “NFT,” “DAO” or “DeFi” may not tempt…
Despite a significant depression in crypto markets, plenty of top players have been hesitant to say that the good times are over for the time being, but as NFT marketplace…
Everyone’s favorite 2020 meme stock is back in the news, and this time it’s flexing on crypto industry incumbent Coinbase. GameStop, which largely operates brick-and-mortar…
It’s been an interesting life for Magic Leap, the augmented reality startup with big dreams and some big moments of hubris thus far. Today, the company detailed the availability and…
Welcome back to Chain Reaction. Last week, we looked at Solana’s smartphone and the post-Apple tech industry. This week, we’re looking at a web3 without…
Ever since Celsius halted withdrawals last month, it seems like a new crypto project has been going under almost daily, with Peter Thiel’s Vauld and…
Despite the name change and metaverse hyperbole, Facebook has always been at the center of the Meta suite of software for users engaging with its wider ecosystem. While that may…
Welcome back to Chain Reaction. Last week, we talked about the NFT community being down bad but still down to party. This week, we’re looking…
Crypto hedge fund Three Arrows Capital (3AC) has filed for Chapter 15 bankruptcy in New York, according to a report in Bloomberg. The mega fund, founded by Credit Suisse traders…
Crypto
FTX US deal with troubled crypto lender BlockFi floats acquisition with ‘up to’ $240M purchase price
Sam Bankman-Fried’s FTX is taking advantage of rampant instability in the crypto lending market to assert itself while propping up major institutions. The company’s U.S.-based arm has a deal in…
Apple’s relative hostility to the desires of crypto developers hasn’t gone unnoticed, and as the industry buckles down for a bear market, some of its proponents are pushing forward plans…
Despite all the controversy surrounding the crypto world, one obvious bright spot of blockchain technology has been its ability to support creators and artists in…
Welcome back to Chain Reaction. Last week, we talked about infinite pessimism in the crypto markets. This week, we’re talking about parties and tattoos and booze and fun. If you…
The NFT NYC conference this week has brought hordes of web3 enthusiasts to Times Square in an extravagant celebration that stands out against the much-less-exuberant…
The past several months haven’t been entirely kind to the NFT market — while transaction volume hasn’t stuttered too significantly, the dollar amount invested in the space has been in…
