Vitalik Buterin thinks bitcoin should play around with layer-2 solutions. Meanwhile, Twitter abandoners flock to Meta-owned Threads instead of to Web3 social media..

The U.S. Securities and Exchange Commission has declared war on crypto and Binance and Coinbase are its latest two targets. Also, Ethereum has a new NFT protocol.

Web3 is coming. These three types of entrepreneurs are poised to be the biggest profiteers from the Web3 tools being developed right now.

Is there a real Ethereum killer? If there is, it's Ethereum. But there is one Ethereum alternative with the best Web3 potential, and that's Polygon.

Bitcoin and Ethereum de-correlate. My final Cryptocracy issue at Substack. Coinbase CEO calls on Congress to intervene. And more crypto, Web3 news.

Web3 wallet MetaMask was hacked but no one knows how. Coinbase is planning to go to court with the SEC.

NOTE: You’ll want to read the entire newsletter today. There is a lot going on. Before I get into this week’s news curation, I’d like to make an announcement. Cryptocracy is going to make a transition in the next few weeks. The new direction will be focused on where Web3 meets the content economy...