Crypto drops ~$200B, Celsius freezes, Binance’s BTC pause, Google AI sentience, Magic Spoon: DTC isn’t dead | E1483

This Week in Startups

Jason Calacanis

Technology

4.4 • 1.3K Ratings

🗓️ 14 June 2022

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On today's show, Jason and Molly cover crypto losing $200B from its total market cap this weekend (14:51) and Binance pausing withdrawals of Bitcoin for almost 4 hours this morning (29:53). We also quickly talk about a Google engineer claiming Google's AI chat bot has become sentient (38:15). For our We Live in the Future, we cover Amazon announcing drone delivery for later this year (48:52). Finally, we wrap on our Startup of the Day: Magic Spoon, a high-protein cereal maker (53:57).

(0:00) Jason and Molly tee up today’s news stories
(2:44) Catching up with Jason and Molly (hikers vs mountain bikers, rattlesnakes)
(13:51) Ourcrowd - Check out the deal of the week at https://ourcrowd.com/twist
(14:51) Crypto lost $200B from total market cap this weekend, major currencies are down ~25% over past week
(28:42) Assure - To get 20% off your first Special Purpose Vehicle (SPV) visit https://Assure.co/twist
(29:53) Binance paused withdrawals of Bitcoin for almost 4 hours earlier this morning
(37:06) AdQuick - Visit https://adquick.com/twist and mention TWIST to get $1000 off your first campaign.
(38:15) Google’s AI is sentient according to engineer Blake Lemoine
(48:52) WLitF: Amazon announced they will officially launch drone delivery this year
(53:57) SotD: Magic Spoon (high-protein cereal maker) raised a $85M Series B

Transcript

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0:00.0	Hey everybody, welcome to this week in startups.
0:02.6	It is Monday is a big news Monday.
0:04.8	We suggest that you take a peek into the bunker
0:07.5	and check on some of your friends
0:09.3	who may be heavily invested in crypto.
0:10.9	Got that laser eye surgery plan and drop out of society.
0:13.8	It's looking a little rough.
0:14.9	Looking a little rough.
0:15.7	Crypto market is tanking again,
0:18.2	down 200 billion in market cap,
0:20.5	over the weekend, $200 billion evaporated.
0:23.2	Major currencies are down 25% over the past week.
0:28.4	I mean, when it rains, of course,
0:30.0	the Web 3 is going to be okay,
0:31.8	is just fine, is like going crazy this weekend.
0:34.5	We were all in the group chat with story after story
0:38.5	about crypto madness.
0:39.8	Yeah, we've got,
0:41.1	and I think what we're starting to see now
0:43.1	is like things really come apart, right?
0:45.0	Not just the dropping.
0:46.4	Luna and Tara clearly were just the first shoe.
	...

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