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Coinbase’s lost momentum



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Hey everyone, and welcome back to Chain Reaction.
In our Chain Reaction podcast this week, Anita and I chatted with Mercedes Bent of Lightspeed Venture Partners on backing blockchain startups and the future of consumer fintech. More details below.
Last week, we talked about how the crypto industry needs to take a moment to reflect on buying the love of its followers. This week, we’re looking at the unhappy misfortunes of America’s favorite public crypto company
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Image Credits: Robert Nickelsberg / Getty Images
the hottest take
Though crypto markets have been relatively stable since last week’s bombastic dump-o-rama, gloom was on the menu this week for institutional investors and retail buyers prophesying crypto winters falling upon all ye households for the next several years.
The message from VCs to crypto startups and mega corps alike was “cut the fat” — a statement which doesn’t jibe too well with the lavish launch …

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