Welcome again to Chain Response.
To get a roundup of TechCrunch’s greatest and most vital crypto tales delivered to your inbox each Thursday at 12 p.m. PT, subscribe here.
The digital asset house remains to be trucking alongside, whereas there have been some huge headlines, the week was arguably rather less chaotic (for now). Take a look at what caught our consideration beneath.
This week in web3
- A bitcoin spot ETF could open the floodgates for wider crypto demand
- Web3 gaming adoption is skewing toward Asia, and the rest of the world may have to play catch-up
- CoinDesk to cut staffing ahead of potential sale
- Former FTX CEO Sam Bankman-Fried’s bail revoked ahead of October trial
- Worldcoin ignored initial order to stop iris scans in Kenya, records show
The most recent pod
For this week’s episode, Jacquelyn talks with Eric Balchunas, senior ETF analyst at Bloomberg, alongside TechCrunch+ editor-in-chief Alex Wilhelm.
Balchunas is the creator of “The Institutional ETF Toolbox” and “The Bogle Impact.” He additionally co-hosts Bloomberg’s Trillions podcast and ETF IQ present.
Spot bitcoin change traded funds, or ETFs, have been a sizzling matter within the crypto neighborhood for a few years, however have lately gotten extra consideration attributable to Jacobi Asset Administration itemizing Europe’s first bitcoin spot ETF nearly two years after its preliminary approval. In the meantime, the U.S. Securities and Trade Fee lately delayed deadlines for bitcoin spot ETF functions.
We dive into what’s happening with the bitcoin spot ETFs within the U.S., why it issues and the chances of the SEC approving one within the close to future. We additionally speak about Europe’s first bitcoin spot ETF, how these funding automobiles on the whole may impression crypto exchanges’ buying and selling volumes and what else is in retailer for them.
Subscribe to Chain Response on Apple Podcasts, Spotify or your favourite pod platform to maintain up with the most recent episodes, and please go away us a evaluation in case you like what you hear!
Observe the cash
- BitGo raised $100 million in its Collection C spherical at $1.75 billion valuation
- Chain-agnostic platform ZetaChain raised $27 million to enhance cross-chain interoperability
- Web3 digital world platform ZTX raised $13 million in spherical led by Bounce Crypto
- Decentralized inventory buying and selling platform Dinari raised $7.5 million in a seed spherical
- Commercial-focused web3 startup HypeLab raised $4 million
This checklist was compiled with info from Messari in addition to TechCrunch’s personal reporting.
What else we’re writing
Need to department out from the world of web3? Listed here are some articles on TechCrunch that caught our consideration this week.
- The tech jobs market is as strong as it ever was
- 7 VCs explain why the creator economy still has legs
- The pre-seed market is recovering, but investors increasingly have the upper hand
- It’s never too late to align product-market fit metrics with your company’s values
- The startup landscape has shifted dramatically: Accelerators must adapt or fade away
Observe me on Twitter @Jacqmelinek for breaking crypto information, memes and extra.
