Is there anything that makes you feel quite as American as stampeding through a plate glass window on Black Friday?

It’s nothing to be embarrassed about. We’re a nation that loves shopping. Discounts are our religion, and we worship at Nordstrom Rack.

But what if you could shop at hundreds of stores simultaneously, and conduct all of those transactions at the same time?

It sounds impossible, right? Well, forget Cyber Monday. Avalanche, a smart contracts platform, is about to take us into the future of shopping.

Espresso Shots

☕️ The Friend.tech Frenzy

Friendzy, a Friend.tech clone built on the Solana network, has generated $920,000 in cumulative volume since its launch on September 19.

Friendzy, like Friend.tech, allows users to tokenize their social media accounts and buy and trade those assets to access private chats.

Also like Friend.tech, Friendzy has gone off like a rocket. But Friend.tech may have some crucial differences that set it apart.

A spokesperson for Friendzy told Decrypt that Friendzy will have several new utilities in addition to the standard private chat, plus a more gradual price curve than Friend.tech.

Just as we thought, the best way to make friends is by imitating exactly whatever the cool kids are doing.

☕️ Armstrong Calls for AI Deregulation

Brian Armstrong, the CEO of Coinbase, took to X to express his belief that AI should not be regulated.

Armstrong’s concern that overregulation could cost America on the competition or innovation fronts is similar to the argument for less crypto regulation.

However, it’s hard to ignore decades of books and media warning humanity what would happen if AI develops too fast and without proper precautions.

However, Armstrong’s concerns for national security are not unfounded. The U.S. Government Accountability Office released an official statement detailing the Department of Defense’s AI efforts, which states: “Strategic competitors, such as China and Russia, are making significant investments in AI for national security purposes.”

Like it or not, we’re already in the AI race. It’s sort of like how CEO John Hammond was forced to streamline the release of his dinosaur amusement park before the French could open their Jurassique Park.

☕️ The Stablecoin Stall

What has happened to Stablecoin Regulation in the U.S.? Kristin Smith, CEO of the Blockchain Association, sat down with Decrypt to provide some answers.

Stablecoins like the USDT and USDC are pegged 1:1 in price with the U.S. dollar. Similar legislation has been passed in the form of England’s digital pound or China’s digital yuan.

Smith claims that stablecoins are just “wrappers for the U.S. dollar.” So, what’s the problem?

On one level, it’s the conflict between the Fed and overzealous regulatory bodies like the SEC and CFTC. But the central issue, Smith believes, is far simpler:

“There are people in Congress that didn’t grow up using the internet every day,” said Smith. Smith feels that the biggest hurdle to stablecoin regulation will be “explaining these innovations.”

But the reason highest-ranking reason for stalling is less about aging policymakers than it is about the fact that we’re scared to learn stick shift and our dad is screaming that we’re “flooding it” from the passenger’s seat.

Spilling the Beans

Swap ’Til You Drop 😵

They say when you’re buried in an avalanche, one of the first things you should do is spit in your goggles to determine which way is up before you make the perilous mistake of digging in the wrong direction.

But we’re caught in an avalanche right now, and rather than looking for ways to escape, we’re looking for ways to profit.

There’s a new tool built on the Avalanche Blockchain that’s even more exciting than that little barrel of whiskey on one of those mountain rescue Saint Bernards.

And we think it could revolutionize crypto trading.

The latest dApp from CavalRe, a team building on the Avalanche blockchain, is called “Multiswap,” and it lets you swap multiple tokens in a single transaction.

And those token swaps can number in the hundreds.

So far, CavalRe’s highest tokens swap on Mutliswap numbered 340. But how does it work?

Usually, when tokens are swapped on a blockchain, they are placed in a liquidity pool where one token can be swapped for another.

The liquidity pool contains a set amount of crypto locked into a smart contract, where transactions can occur rapidly and at a relatively low cost.

What sets Multiswap apart is that Multiswap’s code creates a liquidity pool containing many different cryptocurrencies, which permits the execution of multiple simultaneous transactions.

“Think of it like a new kind of decentralized ETF,” said Eric Forgy, founder and CEO at CavalRe, in a message to CoinDesk. “On testnet, we have a pool with over 500 tokens representing a mockup of the S&P 500 for demo purposes, which represents over 125K trading pairs with zero fragmentation of liquidity.”

This development is going to change the way that crypto is traded. For the more ambitious crypto traders among us, this means more complicated, faster, and (most importantly) more lucrative crypto trades.

Naturally, with a larger amount of tokens involved, these sorts of complicated swaps entail more exposure and more risk.

However, CavalRe’s founder insisted that at least some security risk is inherent to the blockchain and developing trading tech.

“No piece of software whether on blockchain or not could ever claim to be free of security risks. For example, there was a recent exploit due to certain contracts being written in an older version of Vyper, a Python derivative, due to a bug in the compiler. These things are very difficult to defend against,” Forgy continued.

But we’re excited by Multiswap’s potential, and this is just the latest dApp built on the Avalanche Blockchain, an eco-friendly platform that some analysts believe may be the next Ethereum.

There’s been a long-standing urban legend that yodeling can cause avalanches. No, yodeling was just a fun, musical development for mountain villages to communicate with each other.

It turns out avalanches aren’t triggered by sound — ski resorts literally have to use cannons to get controlled avalanches rolling.

But if the Avalanche blockchain is going to be the choice platform for innovations like Multiswap, we say let the goat herds sing from the mountaintops and have the ski patrol load another shell into their cannon, we’re ready to ride the pow.

Crypto 101

Tokenization: This is when sensitive data is replaced with a surrogate value, known as a token.

Tokenization existed before crypto: the classic example would be poker chips at a casino. You know, those little plastic pieces that represent real money within the casino’s ecosystem.

Friend.tech and similar platforms are more recent and extremely popular forms of tokenization. Social accounts become tokenized so they can be bought or sold without giving away personal information or passwords.

The Last Sip

The Last Sip: We like Brian Armstrong because we like crypto takes, like his stances on regulation. Although, usually when someone begins publicly calling for unfettered AI development, we start looking at their neck joints for sparks and steam. So while we continue to support Coinbase in its regulatory battle, we’ll also continue to examine videos of Brian Armstrong for removable panels or USB ports.

While we’re at it, we’ll examine our own necks on the daily.

Stay Caffeinated,

Coffee & Crypto Team

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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.