PitchBook: venture capital investment in crypto startups declined 37% YoY in Q3 2022 to $4.44B, the industry’s lowest level in more than a year (Hannah Miller/Bloomberg)

Hannah Miller / Bloomberg:
PitchBook: venture capital investment in crypto startups declined 37% YoY in Q3 2022 to $4.44B, the industry’s lowest level in more than a year  —  Crypto startups are suffering from this year’s mass selloff of digital currencies.  Venture capital investment in the industry sank to its lowest level …

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Global smartphone shipments fell 12% YoY to 301M units in Q3 2022, the lowest Q3 level since 2014; Apple was the only top-five brand to grow YoY, up 2% (Harmeet Singh Walia/Counterpoint Research)

Harmeet Singh Walia / Counterpoint Research:
Global smartphone shipments fell 12% YoY to 301M units in Q3 2022, the lowest Q3 level since 2014; Apple was the only top-five brand to grow YoY, up 2%  —  – The global smartphone market declined by 12% YoY even as it grew by 2% QoQ to reach 301 million units in Q3 2022.

European venture capital funding totaled $16B in Q3, down 44% YoY and 35% QoQ, the lowest level since $13.4B in Q4 2020; $8.6B went to late-stage startups (Gené Teare/Crunchbase News)

Gené Teare / Crunchbase News:
European venture capital funding totaled $16B in Q3, down 44% YoY and 35% QoQ, the lowest level since $13.4B in Q4 2020; $8.6B went to late-stage startups  —  European venture funding for third-quarter 2022 continues to fall, sliding to its lowest point in nearly two years as early-stage investment shows clear signs of weakness.

US DOJ forms the Digital Asset Coordinators Network with 150+ federal prosecutors across the country to target illegal activities involving digital currencies (Dustin Volz/Wall Street Journal)

Dustin Volz / Wall Street Journal:
US DOJ forms the Digital Asset Coordinators Network with 150+ federal prosecutors across the country to target illegal activities involving digital currencies  —  New effort is part of trend toward putting more resources to target illegal activities involving digital currencies

A look at Portugal’s Meia Praia beach, a haven where crypto supporters gather, creating a bubble of optimism about digital currencies amid crypto’s downturn (Adam Satariano/New York Times)

Adam Satariano / New York Times:
A look at Portugal’s Meia Praia beach, a haven where crypto supporters gather, creating a bubble of optimism about digital currencies amid crypto’s downturn  —  In crypto havens such as Meia Praia beach, the confidence in digital currencies remains undimmed even after this summer’s crash.