Chain Reaction

There are constantly new tokens, DeFi projects, NFTs collections and DAOs being launched – but how can you make sense of everything going on in the crypto space? From the hype to the scams, TechCrunch senior crypto reporter Jacquelyn Melinek explores the impact of crypto on finance, art, web3, and society as a whole. Whether you’re a fan or a skeptic, every Thursday, Jacquelyn chats with a crypto expert, learning alongside you to break down the nuance behind the wild world of crypto. Chain Reaction is produced by Yashad Kulkarni and Maggie Stamets with editing by Kell Keller.

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For this week’s episode, Jacquelyn did a live interview with Chris Lehane, chief strategy officer at Haun Ventures, at TechCrunch’s Disrupt 2023 in San Francisco.Prior to joining the firm, Chris was an executive at Airbnb. He also co-founded a strategic consultancy firm, Fabiani & Lehane, that advised political, corporate, technology, entertainment and professional sports clients. In the 1990s, Chris held various government roles like press secretary to Vice President Al Gore and was special assistant counsel to President Bill Clinton.After a number of decades working across different industries, Chris landed in the world of crypto at Haun Ventures, a web3-focused venture capital firm that has two investment vehicles: a $500 million early stage fund and a $1 billion acceleration fund. Aside from Haun, he is also a member of Coinbase's Global Advisory Council.We discussed Haun’s investment strategy amid U.S. and global regulatory challenges, how the firm advises portfolio companies to navigate the ever changing environment and whether Chris find’s the U.S. Securities and Exchange Commission’s regulation tactics productive, among other things. Chain Reaction comes out every Thursday at 12:00 p.m. ET, so be sure to subscribe to us on Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.

Welcome to Chain Reaction. A podcast that unpacks and dives deep into the latest trends, drama and news in crypto with some of the biggest names in the industry to break things down block by block for the crypto curious. For this week’s episode, Jacquelyn is sharing a panel she moderated live at Avalanche House, while she was in Seoul, South Korea for Korea Blockchain Week. The panel focused on the biggest opportunities and challenges facing web3 enterprise and included the following speakers:Dan Sun, startup success manager for web3 APAC lead at Google Cloud Gagan Mac, head of product and senior director of web3 services at Circle Johann Eid, chief business officer at ChainlinkLihan Lee, co-CEO and founder of XangleWe discussed the state of web3 enterprise adoption today compared to past quarters and years and dove into the ripple effects that catastrophic events from 2022 had on the space. We also talked about: Regulatory scrutiny Next wave of enterprise adoption New web3 enterprise use cases Chain Reaction comes out every Thursday at 12:00 p.m. ET, so be sure to subscribe to us on Apple Podcasts, Spotif,  or your favorite pod platform to keep up with the action.

Welcome to Chain Reaction. A podcast that unpacks and dives deep into the latest trends, drama and news in crypto with some of the biggest names in the industry to break things down block by block for the crypto curious. For this week’s episode, Jacquelyn interviewed Charlie Shrem, founder of the Bitcoin Foundation, general partner at Druid Ventures and host of the Charlie Shrem show.Before all that, he was the co-founder and CEO of BitInstant which was a bitcoin payment processor that started in 2011. Shortly after founding the company, he was charged with operating an unlicensed money-transmitting business, and for allegedly attempting to launder over $1 million through the now defunct dark web marketplace Silk Road. He spent a little over a year in a low-security prison as a result. Now, Charlie is a vocal advocate for clearer crypto regulation, he’s a crypto investor, podcaster, and even a movie producer.We discussed how the bitcoin and crypto ecosystem have changed (and stayed the same) over the past decade as well as how his incarceration shaped his view on the industry. We also talked about: Need for regulatory clarity in U.S. Crypto projects and sectors he’s followingHow the bitcoin ecosystem is growing Friend.techAdvice for listenersChain Reaction comes out every Thursday at 12:00 p.m. ET, so be sure to subscribe to us on  Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.

Welcome to Chain Reaction. A podcast that unpacks and dives deep into the latest trends, drama and news in crypto with some of the biggest names in the industry to break things down block by block for the crypto curious. For this week’s news episode, Jacquelyn interviewed Craig Salm, chief legal officer at Grayscale Investments.Grayscale is a digital asset investment firm that aims to provide products and services, like its Grayscale Bitcoin Trust (GBTC), to institutional and individual investors. The company was founded in 2014 and is one of the world’s largest digital asset currency managers. It currently owns 3.4% of outstanding bitcoin, “worth tens of billions of dollars,” according to a recent legal filing. The firm was making headlines this week after the D.C. Circuit Court of Appeals ruled in favor of Grayscale in a lawsuit against the U.S. Securities and Exchange Commission (SEC) on the matter of a bitcoin ETF. This ruling is in response to the SEC denying Grayscale’s application to convert its GBTC product into a bitcoin spot ETF in June 2022. We discussed why the ruling matters for Grayscale and its GBTC investment vehicle; as well as what it could mean for the crypto ecosystem and other firms like BlackRock, Citadel and Fidelity that also filed applications for bitcoin spot ETFs. We also talked about the SEC’s argued difference between bitcoin futures ETFs, which have been approved by the agency, and bitcoin spot ETFs, which have not been approved by the agency. Not quite caught up on bitcoin ETFs? Here’s some TechCrunch coverage:The SEC rejected bitcoin spot ETFs again. Now what?A bitcoin spot ETF could open the floodgates for wider crypto demandAs appeals court rules in favor of Grayscale, a bitcoin spot ETF could be on the horizonChain Reaction comes out every Thursday at 12:00 p.m. ET, so be sure to subscribe to us on  Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.

A podcast that unpacks and dives deep into the latest trends, drama and news in crypto with some of the biggest names in the industry to break things down block by block for the crypto curious. For this week’s episode, Jacquelyn interviewed Erik Svenson, co-founder, president and chief financial officer at Blockstream, a bitcoin and blockchain-focused infrastructure firm.  The company was founded in 2014 and has its own sidechain technology, Liquid Network, as well as bitcoin mining operations and hardware wallets for Bitcoin and other assets. It most recently raised $125 million in January and has raised over $400 million to date. Erik previously worked on Wall Street as a former VP for AIG investments and was a co-founder and consultant of other startups. His last startup he co-founded before Blockstream was Dan’s Plan, a health tech company. We discussed how the current macroenvironment is impacting Bitcoin-focused businesses and where Erik sees the most opportunities for startups today. We also talked about: Blockstream’s mining operationsSurviving a bear marketTransitioning from TradFi to cryptoAdvice for startupsChain Reaction comes out every Thursday at 12:00 p.m. ET, so be sure to subscribe to us on Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.

A podcast that unpacks and dives deep into the latest trends, drama and news in crypto with some of the biggest names in the industry to break things down block by block for the crypto curious. For this week’s news episode, Jacquelyn talks with Eric Balchunas, senior ETF analyst at Bloomberg, alongside TechCrunch+ editor-in-chief Alex Wilhelm.Balchunas is the author of The Institutional ETF Toolbox and The Bogle Effect. He also co-hosts Bloomberg’s Trillions podcast and ETF IQ show. Spot bitcoin exchange traded funds, or ETFs, have been a hot topic in the crypto community for many years, but have recently gotten more attention due to Jacobi Asset Management listing Europe’s first bitcoin spot ETF, almost two years after its initial approval. Meanwhile, the U.S. Securities and Exchange Commission recently delayed deadlines for bitcoin spot ETF applications. We dive into what’s going on with the bitcoin spot ETFs in the U.S., why it matters and the odds of the SEC approving one in the near future. We also talk about Europe’s first bitcoin spot ETF, how these investment vehicles in general could impact crypto exchanges’ trading volumes and what else is in store for them. Chain Reaction comes out every Thursday at 12:00 p.m. ET, so be sure to subscribe to us on Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.

Welcome to Chain Reaction. A podcast that unpacks and dives deep into the latest trends, drama and news in crypto with some of the biggest names in the industry to break things down block by block for the crypto curious. For this week’s episode, Jacquelyn interviewed Robbie Ferguson, co-founder and president of Immutable. Immutable is a web3 company consisting of two entities: Immutable Platform, a developer platform for building and scaling Ethereum-based web3 games, and Immutable Games, a web3 game developer and publisher. Some traditional gaming studios and IP holders are also building on its platform like GameStop, TikTok, Illuvium and NFT marketplace OpenSea, to name a few. In March 2022, Immutable raised $200 million at a $2.5 billion valuation and last June it launched a $500 million developer and venture investment fund, which TechCrunch covered exclusively. We discussed the web3 gaming market and how it’s grown in the past year and where it’s going in the future.We also talked about: Creating value in games Mobile gaming vs web3 gamingGlobal adoption Advice for developersChain Reaction comes out every Thursday at 12:00 p.m. ET, so be sure to subscribe to us on  Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.

Welcome to Chain Reaction. A podcast that unpacks and dives deep into the latest trends, drama and news in crypto with some of the biggest names in the industry to break things down block by block for the crypto curious. For this week’s news episode, Jacquelyn sits down with Jesse Pollak, lead for Base and head of protocols at Coinbase. You might remember him from an interview we did with him back in April. Coinbase, which is the second largest crypto exchange by trading volume, launched Base, an Ethereum-focused layer-2 (L2) blockchain, in February. The platform was in testnet, which is a test phase of the blockchain network, until mid-July when it launched its mainnet, the fully live version of a blockchain on the main network (hence the name: mainnet), to developers. Next week, Base is officially launching its mainnet to the public on August 9th, alongside its “Onchain Summer” initiative. We dive into what’s going on, why it matters, where Pollak sees Base going in the future and why he’s keeping an eye on the bigger layer-2 ecosystem.Chain Reaction comes out every Thursday at 12:00 p.m. ET, so be sure to subscribe to us on  Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.

A podcast that unpacks and dives deep into the latest trends, drama and news in crypto with some of the biggest names in the industry to break things down block by block for the crypto curious. For this week’s episode, Jacquelyn interviewed Deana Burke and Natasha Hoskins, the co-founders of Boys Club.Boys Club is a social decentralized autonomous organization (DAO) for the “crypto curious,” originally designed to get women and non-binary people into the web3 world, it now aims to be an open space for anyone looking to get into the space. Although it’s a social DAO, Boys Club has a handful of other ventures like their newsletter and podcast, which I was a guest on, as well as events like crypto conference parties and trivia nights. Before Boys Club, Deana and Natasha were co-founders of a recently acquired travel platform Allcall. Deana was also a communications partner for the blockchain-based Celo Foundation and Natasha previously worked at Fora Travel as a general manager. We discussed the origin story for Boys Club, what trends Deana and Natasha are following and how they’ve seen the industry evolve since launching their group. We also talked about: EthCC 2023 vibe checkInclusivity in web3 Diversifying the industry Advice for the crypto newbiesChain Reaction comes out every Thursday at 12:00 p.m. ET, so be sure to subscribe to us on Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.

Welcome to Chain Reaction. A podcast that unpacks and dives deep into the latest trends, drama and news in crypto with some of the biggest names in the industry to break things down block by block for the crypto curious. This week we have a bonus episode. Jacquelyn interviewed Stu Alderoty, chief legal officer of Ripple Labs. Stu spent most of his career working for traditional financial institutions in legal roles at firms like CIT Group, American Express and HSBC and left that world in 2019 to join Ripple.Ripple has been around since 2012, but has been making headlines lately for the recent federal court ruling that stated the XRP token, which is linked to Ripple, is not a security when sold to the general public but can be treated as a security for past XRP sales to institutional clients. We broke down the nitty gritty details of the U.S. District Court of the Southern District of New York federal court ruling for Ripple and what it means for the company, XRP token and crypto ecosystem. We also talked about: Securities vs. commodities Ripple’s SEC lawsuit Future regulation and clarity Advice for other startups Need to catch up before you listen? Read these for a quick overview:Federal court rules Ripple’s XRP token can be treated as a security… sometimesRipple’s XRP case ‘underscores the need for regulatory clarity’Chain Reaction comes out every other Thursday at 12:00 p.m. ET, so be sure to subscribe to us on Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.