Happy Tuesday, friends. It’s Coffee & Crypto, the only newsletter that tries to raise your heart rate with both caffeine and the rollercoaster that is the Crypto markets! 🎢 ☕️

Espresso Shots

Today we’ve got some big Crypto headlines from around the world:

☕️ A record number of companies in Brazil purchased crypto in the month of August. Over 12,000 companies in Brazil reported making crypto purchases in the month of August, up 5 times from August of 2019 when figures first started getting reported.

☕️ FTX and Visa announced an expanded global partnership. As part of the deal, FTX will issue FTX Account-linked Visa Debit cards. This partnership is focused on international investors, with the rollout beginning in Latin America, Europe, and Asia.

☕️ A brand new crypto market appears to be forming in the Middle East & North Africa. Crypto transaction volume increased by 48% since last year to $566 Billion in the region. That makes it the fastest growing Crypto market in the world just ahead of Latin America.

Spilling the Beans

When markets are low… It’s time to buy! And no one is buying more than Binance & FTX.

Binance CEO Changpeng Zhao has committed to spending a billion dollars on investments this year. In 2021, Binance spent only $140 million on investments so this shows a pretty massive increase. 

So far tentative investments include $200 million into Forbes Media and a whopping $500 million into Elon Musk’s Twitter bid. Zhao has also expressed interest in the NFT space so stay tuned for a potential move by Binance into NFTs. 

On the other side of the buying spree, FTX CEO Sam Bankman-Fried, has been hard at work acquiring this year. So far the company and Bankman-Fried have made a reported 31 deals THIS YEAR alone. Those deals have included a purchase of Crypto lender Voyager, Crypto exchange Liquid and minority stakes in the Robinhood investment app and Anthony Scaramucci’s SkyBridge Capital hedge fund. 

After all of those investments, Sam Bankman-Fried told CNBC, he still has $1 Billion in cash left to spend. So… do we think these guys are buying newsletters? Asking for a friend.

Meme of the Day

Buckle up! 🚘

The Last Sip

Remember the facebook twins? Well, did you know they took their facebook settlement money and become Bitcoin Billionaires? There’s even a book about it. It’s one of our favorite crypto books out there -  Check it out here: https://www.amazon.com/Bitcoin-Billionaires-Genius-Betrayal-Redemption/dp/1250217741

To summarize, this book picks up where the social network movie leaves off - after the settlement. The twins end up betting big on the world of crypto and even started one of the top exchanges in the crypto markets. Makes you wonder who will have the last laugh - the twins or Zuckerberg? 

Stay Caffeinated,

Jordan

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.