It’s Wednesday and you know what that means! Time to drink three pots of coffee and stare at a screen until your eyes vibrate. Just kidding, you don’t have to work that hard. We did all that for ya!

So just sit back, have a normal, human amount of coffee and get ready for a long sip of our reporting.

It goes down smooth.

Espresso Shots

☕️ SBF's Cryptic Crypto Tweets 📝 🔐

I know, I know, we said we were going to stop covering this guy for a while. But for that to happen he needs to stop being crazy and interesting.

And Sam Bankman-Fried's tweets this week have been nothing if not crazy and interesting.

The thread started as just, “what” and then he spelled, “happened,” letter by letter over the course of multiple days... he also threw in a very normal and stable tweet about memory loss.

The erratic behavior has speculators wondering if Bankman Fried’s lawyer physically stopped him mid-tweet or if this is all part of building a rock-solid insanity defense.

Personally, we’ve got our fingers crossed for some Joker-makeup selfies in the coming weeks. Stay tuned.

☕️ Uniswap Overtakes Coinbase 📈 🥈

The DeFi domination continues! Uniswap has superseded Coinbase in Ethereum trades, becoming the second largest exchange in Ethereum trades after Binance.

On Tuesday, Uniswap hosted over $1 billion in Ethereum trades in 24 hours. Uniswap, unlike Coinbase and Binance, is a decentralized exchange.

A decentralized exchange gives customers more control over their finances and protects users from withdrawal freezes, network outages, and most importantly, the potential devastation from corporate instability.

But it’s not just Uniswap and it’s not just Ethereum. Decentralized exchanges accounted for a whopping $31 billion in crypto trades last week.

Crypto will hopefully continue to trend in the direction of decentralization, particularly after the FTX debacle.

Also, for the last time, Uniswap is a crypto exchange that uses a decentralized network. It is not a transfer program for Irish college students.

☕️ Crypto Art Invades Museums 🎨 🖼

Yuga Labs has announced plans to donate Cryptopunk NFTs to modern art museums around the world.

They’re starting by donating Cryptopunk #305 to Miami’s Institute of Contemporary Art.

Cryptopunk #305, a pixel art blonde woman wearing one of those cyclops visors, will be viewable in the museum after a private showing on December 2nd.

The Miami donation is just the first in a larger initiative called, “the Punks Legacy Project.”

“It’s not about a certain number of Punks, but rather about finding museums and legacy art organizations that want to enter into Web3 for the right reason,” said Noah Davis of Cryptopunks.

Pitbull, a Miami local and lover of the 305, is reportedly pacing out front of the museum this very moment, wearing a little beret and whispering, “dale,” under his breath.

Spilling the Beans

How safe is your crypto? 🔑 🔒

It was kinda nice when we reported yesterday that DeFi was doing well, wasn’t it?

Well, we got another feel-good crypto story today: cold wallet sales have been booming since FTX went belly-up. And that's good news for everyone.

In the past week, hard wallet manufacturers like Ledger and Trezor have seen a huge spike in sales.

Now - some may be wondering: what exactly is, a cold wallet?

A cold wallet, also called a hard wallet or cold storage, is a means of storing cryptocurrencies offline.

Physically, they look a lot like a usb, some of them even stylishly fold. But, as a tool, they're incredibly effective and pretty easy to use.

The function of a cold wallet is two-fold:

• They store your assets independent of any exchange.

• They require you to manually approve of online transactions on your physical device.

These functions prevent assets from being taken from your wallet without your express approval.

In the wake of crypto's worst week, customers are flocking to cold wallets because of these very benefits.

In fact, last week, Ledger reported unprecedented levels of traffic on their servers. Which, does make sense given market instability.

Keeping your crypto in a cold wallet is preserving a mosquito in amber or putting Austin Powers in a cryogenic tank.

Your crypto will be untouched by both the ravages of hackers and any individual exchange's instability.

In fact, even if you'd purchased Bitcoin on FTX, if you stored it in your Cold Wallet, your crypto would still be safe and sound.

Despite the popularity of cold wallets, security providers and sous chefs are still seeking the ever elusive medium-rare wallet.

Meme of the Day

Cold wallets! They're hotter than ever!

The Last Sip

Cold wallets have us thinking and we’d like to play with the temperature of some of our other favorite household items. ☀️ ❄️

Ledger and Trezor bring you…

1. Boiling Hot House Keys!

2. Your phone! But it’s the temperature of liquid nitrogen and you can use it to freeze off warts!

3. Spicy pants!

Stay caffeinated,

Coffee & Crypto Team

Thanks so much for reading Coffee & Crypto!

If you find yourself smiling at any of our dumb jokes, or even *learning* something - make sure to share this newsletter with your friends!

If you get 10 friends to sign up - or even enemies, we don't care - we'll send you a swag box with some epic Coffee & Crypto merch! Just hit the Click to Share button in the section below to get started!

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.