Chain Reaction - 22nd April 2025
Rollercoaster Markets and Community In Action
Hello Chain Reaction subscribers and welcome back from the Easter Long Weekend!
What a whirlwind week in the world of blockchain and crypto! As we navigate through the rapidly evolving landscape of Web3, it's clear that innovation is the heartbeat of our community so let's dive into the latest happenings that are pushing the boundaries of what's possible in our space!
Spotlight on Community Voices
This week, we saw some familiar faces in our Web3 community making waves in the media!
First, DECA's Amy Rose graced the screens of Ticker, discussing the upcoming elections and the implications for crypto. A must-watch for anyone interested in the intersection of politics and blockchain! Check out the full conversation here: https://www.linkedin.com/posts/btc-markets_btcmarkets-cryptocorner-cryptoaustralia-ugcPost-7317381115726442496-irFi?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAV7RT0Bf0fJj7zr6JDyM7Fh2-KhNgJf4dk
Also making headlines was Lee Eaton from Independent Reserve, who appeared on Ausbiz last week to shed light on current market trends. You can catch his insights here: https://www.linkedin.com/posts/independent-reserve_lee-eaton-on-ausbiz-tv-ugcPost-7318106018951884803-Yjqm?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAV7RT0Bf0fJj7zr6JDyM7Fh2-KhNgJf4dk
Event Highlights
In the spirit of community engagement, Block Earner and Collective Shift hosted some incredible events across the country. The Sydney event was particularly noteworthy, showcasing the enthusiasm and innovation within our ecosystem. Check out some highlights here: https://www.linkedin.com/feed/update/urn:li:activity:7317700505328144384/
Market News
Now, onto some of the more shocking news of the week: Mantra faced a dramatic collapse, losing 90% of its value in a flash and currently hovering around the $0.5 mark. The crypto rollercoaster never stops! For a deeper dive into this saga, read more here: https://cointelegraph.com/news/mantra-price-collapses-by-over-90
In response to the situation, Mantra released a statement that has raised eyebrows within the community. ZachXBT has been following this closely and has questioned some of the claims made: https://x.com/MANTRA_Chain/status/1911522720623530311
Further commentary on the situation emerged here: https://x.com/AkaBull_/status/1911728722509447445
Exciting Collaborations
On a more positive note, we see NotCentralised working with Redbelly Network for its collaboration with the Qatari government on credentialing. Stay tuned for more updates on this innovative partnership: https://x.com/RedbellyNetwork/status/1911569411942875555
In-Depth Analysis
For those interested in exploring the intricacies of DeFi, Quinn Papworth at Apollo has penned an insightful deep dive into Euler Protocol. It’s a great read for anyone looking to understand the hidden gems in DeFi: https://apollocrypto.com/eulers-identity-defis-hidden-gem
Additionally, the folks at Bankless have provided an analysis of the current global trade troubles. This is essential viewing for understanding the broader economic context:
Regulatory Developments
In regulatory news, the Philippines SEC has released draft rules for crypto asset providers. Angela Ang provided an overview along with some delicious Filipino food to keep the spirits high! Check out her take here: https://www.linkedin.com/posts/angelaajl_philippines-sec-publishes-revised-crypto-activity-7318068128549163008-RNvu?utm_source=share&utm_medium=member_android&rcm=ACoAAAV7RT0Bf0fJj7zr6JDyM7Fh2-KhNgJf4dk
Ethereum and Layer 2 Discussion
Lastly, there are ongoing discussions regarding strategic assignments for Ethereum and its various Layer 2 solutions. Engaging takes can be found on Twitter from various thought leaders, including this insightful thread: https://x.com/0xBreadguy/status/1855931455245013303?t=p76Nj8Zlr2sBhBBMrtgTwg&s=19
Not to be outdone, Ethereum researcher Justin Drake shared his thoughts on the matter: https://x.com/drakefjustin/status/1911689366730158409
The team at Bankless also tackled this topic, providing a comprehensive overview in their latest video:
That wraps up this week’s edition of Chain Reaction! As always, stay curious, stay informed, and keep pushing the boundaries of innovation in the blockchain space.
Until next time, The Chain Reaction Team