Happy Tuesday!

On this day, this seemingly innocuous day, October 25th, the first microwave ovens hit the shelves of American stores. Though they’ve received some stiff competition from the rise of the Terminator-efficient air fryer, sometimes nothing else will do when you need that gooey, microwave burrito.

So, grab a spork and get ready to stink up the break room, it’s time to reheat some news.

Espresso Shots

☕️ The UK has a new prime minister!

Rishi Sunak, the former finance minister, was chosen to succeed Liz Truss after her controversial and rapid exit from the office. Sunak is a well known crypto fan, having previously expressed a desire to turn the UK into a crypto hub.

If Sunak wants to have any chance of making that happen, experts suggest he try to last longer than a month in the job. England hopes to soon become a major port of call for crypto trading and mining, bringing the same enthusiasm for crypto that the nation once had for exotic spices and stolen antiquities.

☕️ Singapore’s High Court rules that NFTs can be considered property. 

In the final ruling from a minor case being litigated in Singapore, the Judge ruled that the claimants Bored Ape NFT did in fact meet the requirements of property. The idea of NFTs as property isn’t a controversial one in the world of web3 and yet it still can be in the legal system.

Singapore’s admission of legal ownership here isn’t exactly a watershed moment but it does mark a significant step forward in acknowledging NFT property rights.

Hopefully, this trend of property acknowledgement will extend to my roommate, Steve, who will one day acknowledge that the Frosted Flakes on top of the fridge are mine.

☕️ Apple doubles down on fees. 

Apple rolled out its first official NFT policy on Monday, green lighting the technology with an expensive caveat.

As it stands, Apple requires all app’s use the tech giant’s system for in-app purchases, that system is well known for its whopping 30% fees. Per Monday’s policy update, this 30% fee, dubbed the ‘Apple Tax,’ will apply to any NFT purchases made in-app.

Given that most NFT creators and platforms don’t love giving 30% of their income to Apple, don’t expect to see mobile apps rushing to the App Store. Insiders are warning that in addition to the Apple Tax, purchasing an NFT through Apple will also result in that one U2 album being downloaded to all of your devices.

Spilling the Beans

A $41,000 cell phone??

Luxury phone manufacturer Vertu revealed its latest device at an event in London on Monday. The device, which boasts the ability to run its own blockchain node and create NFTs, is targeted at a richer clientele.

The device, called ‘Metavertu,’ is being billed as a web3 phone. Here's some details:

• The base model starts at $3,600 and features 12GB RAM and 512 GB of storage.

• The top model starts at $41,000 and features 18k gold & diamonds.

• The device has a toggle that allows users to switch between a standard web2 browser and a web3 mode.

• The device has native wallet software and an encrypted peer to peer messaging tool.

The Metavertu is also available in a rare, Himalayan Alligator Skin case. This may be confusing to some consumers, as alligators famously inhabit swampy lowlands and not the Himalayan mountain range.

The “Himalayan,” descriptor actually refers to the gradation of the white reptile scales, from smoky gray to pearly white, reminiscent of the top of a Himalayan mountain.

Himalayan Alligator is unique to Vertu, so nobody knows exactly which reptile had to die to make this fancy phone.

Regardless of the price point of the phone or the personal wealth of the user, this top of the line smartphone will ultimately be used like all others: for getting Chipotle delivered, streaming pornography, and leaving hateful messages on James Corden’s instagram.

Meme of the Day

The Last Sip

Look, I know men don’t like to admit this too loudly, but pumpkin spice lattes are delicious. There, I said it!

I admit this now because there’s only a week left before Halloween which means prime PSL season is rapidly coming to a close.

The only glimmer of hope on the horizon is the release of the new Autumn Spice milkshake from Chik-fil-a, but what does it mean!? All the reviews say cinnamon and brown sugar cookies, but how will those flavors coalesce? If you’ve tried this milkshake, please send us your full review. It’s important.

That’s it from us. Keep it frosty, folks.

Coffee & Crypto Team

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.