Welcome to Chain Reaction, where we unpack and explain the latest in crypto news, drama and trends, breaking things down block by block for the crypto curious.

For our Thursday episode where we discuss the latest in crypto news, we hashed out some of FTX’s latest potential M&A actions, executive departures and fundraising plans. We dug into FTX’s purchase of Voyager’s assets in a bankruptcy auction. We also discussed.

• Crypto lender Nexo running into some issues with US state legislators on “unqualified securities” offerings.
•  Fed Chair Jerome Powell throwing water on expectations that the Fed will make an imminent announcement around the Digital Dollar, and some of his comments on the challenges in creating such a currency in the first place.

ICYMI, you can use the promo code REACT for 15% off tickets to TechCrunch Disrupt this October (excluding online and expo) where we’ll be chatting with industry experts such as a16z’s Chris Dixon and Solana Labs’ Anatoly Yakovenko.

We’ll also be hosting our first dedicated crypto event in Miami for just one day on November 17th — you can use the same promo code, REACT, for 15% off a General Admission ticket.

And even if you can’t join us in person, you can use the promo code REACT to get 25% off an annual subscription to TechCrunch+.

Chain Reaction comes out every Tuesday and Thursday at 12:00 p.m. PT, so be sure to subscribe to us on Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.

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.