Introduction

Welcome back. Lucas was out sick this week, so TC crypto reporter Jacquie Melinek subbed in as co-host to talk with Anita about the biggest stories in web3 this week. They discussed whether Sam Bankman-Fried is the savior crypto needs as more and more companies declare bankruptcy and unpacked the drama behind the fight for a U.S. Bitcoin spot ETF.

In this week’s interview, Anita chatted with Tux Pacific, the founder and CEO of Entropy, a startup that just raised a $25 million seed round led by a16z for its decentralized crypto custody solution. Pacific, one of the rare trans and queer founders to have raised institutional funding, dropped out of college to teach themselves cryptography. They describe themselves as an “anti-capitalist anarchist” and spoke with Anita abut why they think decentralization is the only way crypto can succeed.

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Helpful links:

https://techcrunch.com/2022/06/08/the-trans-queer-anarchist-crypto-founder-seed-round-a16z-andreessen-horowitz/

https://techcrunch.com/2022/07/01/crypto-mega-hedge-fund-three-arrows-capital-reportedly-files-for-bankruptcy-in-new-york/

https://techcrunch.com/2022/07/01/ftx-us-deal-with-troubled-crypto-lender-blockfi-floats-acquisition-with-up-to-240m-purchase-price/

https://techcrunch.com/2022/06/30/the-sec-rejected-bitcoin-spot-etfs-again-now-what/

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.