What is SocialFi? Unpacking crypto’s answer to social media

Investors and founders give their perspectives on what Web3’s answer to social media could look like
Hong Kong strengthens crypto oversight and imposes tighter controls

Hong Kong’s financial authorities have deemed many virtual asset-related products too complex for retail investors, restricting them to professionals.
New crypto developers are leaving too soon: Electric Capital

Crypto developer numbers have risen 66% since the last bear market, but dipped over the past year, Electric Capital found
Crypto funding: Blockaid, Membrane Labs lead a $92M week

Also, a new Google-enabled crypto wallet could sell to the general public
Ethereum’s scaling infrastructure is better than ever. So where’s all the traffic?

Van Bourg says that scaling solutions were overbuilt during a particular period of high demand in Ethereum’s history
SBF demanded 7 versions of Alameda’s balance sheet, Ellison testifies

“I didn’t want to be dishonest but I also didn’t want them to know the truth,” Caroline Ellison said of lying to lenders
Fixed rate-focused Yield Protocol is the latest DeFi project to wind down

A DeFi protocol that once attracted $22 million in total value locked (TVL) and boasted some of the industry’s top venture capital backers is shutting down operations.
Uptober? May be too early to tell, analysts warn

On Oct. 1, more than $70 million in cryptocurrency short positions were liquidated, pushing bitcoin and ether more than 3% and 4% higher, but gains were quickly erased
Want to help save the planet? Mine bitcoin

In a twist worthy of a John Le Carré novel, what I and other environmentalists were led to believe was the villain, turns out to be the good guy
Ethereum Name Service is getting easier and cheaper to use, says founder

“You shouldn’t have to even know or care what your Ethereum address is any more than you do what your IP address is”