Crypto noticed a number of chaos, prices and value modifications in November

Welcome again to Chain Response.

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Final week we didn’t publish a Chain Response e-newsletter, because of Thanksgiving. However we’re again at it this week and saying goodbye to November after an extended, eventful month crammed with lawsuits, value modifications and the standard crypto chaos.

Let’s get into it.

What’s occurring in web3

1. Crypto enforcers wielded a heavy hand this 12 months, however don’t anticipate it to get softer in 2024 (TC+)
2. Optimism execs are optimistic for Ethereum’s future amid its ongoing scaling battle (TC+)
3. Simply how massive of a restoration will it take to convey buyers again to web3? (TC+)
4. Binance and CEO ‘CZ’ plead responsible to federal prices, agreed to pay $4.3B in fines
5. China’s tech giants dip their toes into web3, however prospects are restricted to date

The most recent pod

For this week’s episode, Jacquelyn interviewed Optimism’s CEO and co-founder Jing Wang and chief progress officer Ryan Wyatt.

Optimism is an Ethereum-focused layer-2 blockchain that focuses on scaling and pace, whereas additionally decreasing prices for customers. It helps customers work together with Ethereum for about 10x cheaper via its blockchain and supplies builders the flexibility to construct decentralized purposes (dApps) in a quicker, scalable approach.

Earlier than taking up this new position at Optimism, Ryan had a bit little bit of a break, however was the president of Polygon Labs (he got here on the podcast firstly of the 12 months to speak about it) and earlier than that, he was YouTube’s head of Gaming.

Jing co-founded Optimism in 2018. Earlier than that she based Plasma Group, a analysis agency centered on addressing challenges associated to scaling Ethereum. She additionally beforehand managed blockchain tasks at firms like Zcash and Nasdaq.

We mentioned how layer-2 blockchains like Optimism are attempting to resolve scalability points on Ethereum and the place Jing and Ryan see progress alternatives proper now.

We additionally talked about:

• Base constructing with Optimism’s tech
• Competitors between Ethereum and different blockchains
• Lengthy-term adoption
• Web3 gaming

Subscribe to Chain Response on Apple Podcasts, Spotify or your favourite pod platform to maintain up with the most recent episodes, and please go away us a assessment if you happen to like what you hear!

Observe the cash

1. Acctual raised $3.85 million to assist crypto firms higher handle their payments
2. Web3 training platform Open Campus received a $3.15 million funding from Binance Labs
3. Wind.app raised over $3 million to make DeFi accessible to common customers
4. Decentralized perpetual alternate MYX raised $5 million in a seed spherical at $50 million valuation
5. Blockchain-built health and wellness app Coral received a $3 million funding from TealLink

This listing was compiled with info from Messari in addition to starcrypto’s personal reporting.

What else we’re writing

Need to department out from the world of web3? Listed below are some articles on starcrypto that caught our consideration this week.

1. The 2024 IPO cohort is coming into focus as Shein, Reddit prep to go public (TC+)
2. Right here’s all the things Amazon Net Providers introduced at AWS re:Invent
3. If I’m being trustworthy, I didn’t have what it takes to be a founder (TC+)
4. Apple associate Foxconn to speculate $1.5 billion in India
5. European startup funding halved to $45B in 2023, says Atomico

Observe me on Twitter @Jacqmelinek for breaking crypto information, memes and extra.