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 this week, we discussed the latest drama surrounding crypto mega exchange Binance, which is shaking up the stablecoin ecosystem as it looks to muscle its way to supremacy. We also covered:
- Sorare gets into NBA fantasy sports thanks to a new partnership with the basketball league and the players association. Can the French startup beat out Dapper’s NBA Top Shot?
- MicroStrategy ex-CEO and Bitcoin bull billionaire Michael Saylor sued for tax fraud by DC Attorney General; the government estimates Saylor may owe as much as $100 million in income taxes to DC.