Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.

Don’t forget that the code “EQUITY” can save you money on Disrupt tickets and TechCrunch+ access. And it makes us here on the show look good!

We're gearing up to take the show on the road in short order, but don't worry about that this week. Service will continue as usual until we kick off Disrupt next Tuesday!

Today, we got into the weeds about:

• Markets: Stocks are down in most of the world, albeit somewhat mixed in Europe. Crypto is mostly flat, with the XRP breaking the trend by being interesting. The Block reports that crypto volumes ticked higher in September, which could bode well.
• Startups: Clerkenwell Health just raised a couple million pounds for testing alternative medications for mental health conditions. We're excited about that. And Trendsi raised a $25 million Series A, which is no small deal, as we had expected to see smaller early-stage rounds this year. Good on Trendsi!
• Quick Hits: Kanye West and Elon Musk once again took over the news cycle, this time after the former got into trouble for anti-Semitic posts on Instagram and Twitter. In between, Musk welcomed Ye back to Twitter. Also Tizen is not dead, and PayPal is having a hellish start to the week.
• Don't forget: We are live next week on the first day of Disrupt! Come hang!

More to come Wednesday, and Friday. I can't wait!

Equity drops at 7 a.m. PT every Monday and Wednesday, and at 6 a.m. PT on Fridays, so subscribe to us on Apple Podcasts, Overcast, Spotifyand all the casts. TechCrunch also has a great show on crypto, a show that interviews founders, one that details how our stories come together, and more!

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.