Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Every Monday, Grace and Alex scour the news and record notes on what’s going on to kick off the week.

• Thankfully we did not start this episode by talking about Elon Musk and Twitter! You are welcome!
• Instead we started with bleak Chinese economic news, that segued into falling venture capital totals for a key startup sector in that country. It turns out that a massive regulatory crackdown will have in-market impacts!
• From there it was time to chat Yuga Labs and its recent minting chaos. Bloomberg has more.
• Then it was time to chat neobanks, in particular the recent rounds from Open ($50 million) and Cogni ($23 million).

This is not a live show week, so Equity will simply come out on Friday as usual. That said, we do have a Twitter space scheduled for today with our own Kirsten Korosec, so follow us on Twitter and we will see you there.

Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.