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Ring ring ring ring Solanaphone

Welcome back to Chain Reaction. Last week, we talked about the NFT community being down bad but still down to party. This week, we’re looking at the desperation of web3 startups for a post-Apple

Notch will sell you insurance in case your Instagram gets hacked

Getting hacked sucks. It’s even worse if you’re a digital creator whose social media accounts literally pay your bills. When creators get hacked, it can mean that they aren’t able to

4 climate tech investors sound off on Supreme Court’s EPA ruling

The U.S. was delivered a setback in its efforts to mitigate climate change. Investors are dismayed but still optimistic.

Retail investors or guinea pigs?

From early IPOs to startup crowdfunding, are non-professional investors assuming more risk than they should?

YC makes a Product Hunt, Product Hunt makes an a16z, a16z makes a YC

You can't avoid the chaotic, fascinating web of venture and startups these days.

Google will start erasing location data for abortion clinic visits

In the aftermath of the Supreme Court’s decision to strip federal abortion rights in the U.S., many people are questioning how the apps they use every day might suddenly be turned against them.

Crypto mega hedge fund Three Arrows Capital reportedly files for bankruptcy in New York

Crypto hedge fund Three Arrows Capital (3AC) has filed for Chapter 15 bankruptcy in New York, according to a report in Bloomberg. The mega fund, founded by Credit Suisse traders Zhu Su and Kyle Davies

Daily Crunch: Organization urges open source developers to dump GitHub following Copilot launch

Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Samsung’s cloud gaming hub brings Xbox, Twitch and more to newest smart TVs

Samsung announced yesterday that it is bridging its hardware and software for a better gaming experience, bringing the Samsung Gaming Hub to its 2022 lineup of smart TVs and monitors. Game streaming c

I want to forget Elon’s dumb $420 tweet, but y’all won’t let me

Elon Musk hasn’t tweeted in 10 days, but his Twitter account is once again news because time is a flat circle. This is why we must now scrunch our faces, cock our heads to one side and strain to

Sequoia Capital reportedly raising two funds, and despite slower VC environment, it’s not alone

This news comes out just over a month after the venture capital giant warned founders to expect a longer economic recovery.

The end of a second straight month of layoffs in tech

June brought another wave of layoffs in tech, with cuts impacting roughly the same number of employees as May: 16,000 employees, according to tracker layoffs.fyi. Another layoff aggregator from TrueUp

Valkyrie CEO says suing US SEC for a spot bitcoin ETF ‘isn’t likely to succeed’

Grayscale Investments responded to the SEC's rejection of its application for a bitcoin spot exchange-traded fund by filing a lawsuit against the agency. But not everyone is convinced that it’ll wor

Behind the scenes of Waymo’s worst automated truck crash

The most serious crash to date involving a self-driving truck might have resulted in only moderate injuries, but it exposed how unprepared local government and law enforcement are to deal with the new

Reddit acquires natural language processing company MeaningCloud

Reddit announced Friday that it’s acquiring MeaningCloud, a natural language processing company, for an undisclosed amount. The MeaningCloud team has joined Reddit and will support machine learn

FTX US deal with troubled crypto lender BlockFi floats acquisition with ‘up to’ $240M purchase price

Sam Bankman-Fried’s FTX is taking advantage of rampant instability in the crypto lending market to assert itself while propping up major institutions. The company’s U.S.-based arm has a de

Most startups were overvalued before 2021, and now it’s causing problems

In a normalizing market like this one, once-inflated valuations can become a big problem, particularly for founders, employees and early investors.

Spotify partners with Netflix to curate a personalized ‘Stranger Things’ playlist for fans

Which song will save you from Vecna? In partnership with Netflix, Spotify has launched a personalized “Stranger Things” playlist dedicated to Season 4 Volume 2, which premieres this Friday, July 1

China’s new Mars images show off the country’s robust (but secretive) space program

With a $24 billion budget and dozens of active, high-profile missions, it’s not surprising that NASA is the most visible of the dozens of government space agencies in the world. But China’

FDA won’t require lengthy clinical trials for COVID-19 boosters

Future COVID-19 vaccine boosters won’t have to go through a traditional, lengthy clinical trial process to attain emergency use authorization in the U.S., according to a report in Reuters. An ag
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