In sunny Miami, FTX casts a long shadow

#Web3Weekly: Nov. 13–19, 2022

FTX founder Sam Bankman-Fried in an interview during the Bitcoin 2021 conference. Unrevised photo courtesy of Cointelegraph via Wikimedia Commons under Creative Commons license.
  • Binance CEO Changpeng Zhao made his most extensive public comments to date rearding the collapse of rival FTX. Speaking to the conference’s opening session via a remote video feed, the CEO who goes by his initials CZ said he didn’t know full details of the problems at FTX prior to its meltdown, though some “mental mathematics” him gave a general sense of its competitive position versus Binance.
  • Coinbase CEO Brian Armstrong was also slated to speak at the conference but canceled shortly beforehand. Harrumph…
  • Ava Labs President John Wu estimated it make two to three years for the crypto industry to repair the loss of public faith engendered by the FTX meltdown. Ouch.
  • OpenSea CEO Devin Finzer said he sees gaming and the recent inclusion of non-fungible tokens on mainstream platforms like Reddit and Instagram as potential catalysts to drive a revival in the broader NFT market. Monthly industrywide trading volume in NFTs was flat in September but is off 82% from its all-time high set in January, according to Decrypt.
  • TechCrunch reporters Anita Ramaswamy and Jacquelyn Melinek chatted onstage about their perspective covering the FTX debacle, including mention of some hilarious Twitter exchanges with FTX founder Sam Bankman-Fried. Their conversation isn’t online yet but should be available soon on their podcast Chain Reaction.
  • Of course, it wouldn’t have been a TechCrunch event without a startup pitch competition. The web3 gaming data company Moonstream came away victorious in the one at TC Sessions: Crypto.
  • The privacy-focused blockchain String had a friendly robot roaming the expo area of the conference. Awww...



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Peter A. McKay

I publish the newsletter #Web3Weekly. Former Head of Content & Writer Development at Capsule Social. Other priors: WSJ, Washington Post, and Vice News.