Happy Wednesday!

We hope your coffee is giving you a Wednesday reboot, not like how Netflix is rebooting Wednesday this November, but like your morning beverage is giving you the midweek energy to make it over hump day.

Now, as Wednesday Adams says in the original Adams Family Values, “Death! Death to the enemies of the people of the republic.”

Espresso Shots

Big news from the day!

☕️ The International Criminal Police Organization, which you may known from James Bond movies or overseas crime thrillers as, “Interpol,” has created a Crypto Crimes Division to deal with the unique challenges that come with fighting crimes associated with virtual assets. This announcement comes hot on the heels of the global task force’s manhunt for Terraform Lab’s cofounder, Do Kwon. Kwon, who has since been arrested in his native South Korea, plans to cooperate with authorities, claiming, “Life is long.” Now, we just need Interpol to establish a Cryptid Crimes Division and catch the Sasquatch Strangler, before we can start calling the world a safer place.

☕️ The Social Media wars continue! As Elon Musk’s Twitter takeover enters its 10th month, another social media competitor has arisen, this one founded by Twitter founder Jack Dorsey. This week, BlueSky announced the creation of the At Protocol. From their website: “The At Protocol is a new foundation for social networking which gives creators independence from platforms, developers the freedom to build, and users a choice in their experience.” BlueSky was initially founded by Dorsey while at Twitter but the group is now wholly independent and self-owned. BlueSky, not to be confused with JetBlue or Delta’s Sky Lounge, will not be offering in-flight beverages when At Protocol goes live.

☕️ Bicycle, the 137-year-old playing card brand, has announced that it will release and sell a line of playing cards featuring a Bored Ape NFT that they have purchased. The company purchased Bored Ape #1227 for $187,000. Bicycle is just the latest company to take advantage of Yuga Labs’s NFT rights which allow holders to create and sell products featuring an owner’s NFTs. Bicycle, a trading card that’s been around longer than Yu-Gi-Oh, Magic the Gathering, and Pokemon combined, will test that age old query: Can you teach an old card new tricks?

Spilling the Beans

Do Kwon on the Run! An update on the Terra co-founder's location.

The tale of Terra co-founder Do Kwon is a long and wild one. Here’s a quick recap for those just catching up.

Earlier this year we experienced perhaps the darkest week in Crypto’s short history when the Terra Blockchain lost $40 Billion dollars of value in just a few days.

The Terra Blockchain held host to both an algorithmic stablecoin, UST - tethered to the US dollar, and a native currency, Luna. When Terra’s UST became untethered from the US Dollar in May of 2022, both UST and Luna went into a death spiral.

In the months following Terra’s collapse, it’s co-founder Do Kwon, known for his shit-posting & trash talking, has faced a barrage of attacks both verbal and legal.

The latest attack against Kwon comes from the government of South Korea which has issued an arrest warrant for Kwon, citing violations of the country’s capital market laws.

For his part, Do Kwon has refuted the accusations, calling them political in nature, and has implied that he’s cooperating with authorities. But Kwon’s claims that he’s cooperating with authorities seemed to be contradicted last month when Interpol issued a Red Notice.

Whether or not you believe the claims against Kwon have standing, one thing is for certain: Nobody seems to knows where he is… including Interpol apparently.

Despite all of this, Kwon has continued to claim that he’s not on the run which leads us to believe that he’s either lost or perhaps not quite being truthful. The jury is still out - pun intended.

Hopefully this is the last time we have two Interpol related stories in the same newsletter!

Meme of the Day

It's really just a matter of perspective.

The Last Sip

You did it! You made it to the last sip. As a reward, we’ve got a documentary recommendation for you!

Produced and commissioned by Coinbase, COIN: A Founder’s Story, tells the tale of Coinbase Founder, Brian Armstrong, on his mission to create a platform to support economic access and the spread of cryptocurrency.

Perhaps the most impressive part of the film is just how prominent Armstrong is in it, we see him in the daily grind of creating the multibillion dollar company.

It’s a true testament to the entrepreneurship and dedication it took to make the Crypto industry and Coinbase what it is today. Check it out and let us know what you think!

In the meantime, stay caffeinated,

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.