It’s easier than ever to be a supervillain.

You can get stem cells in the mail, order a flamethrower from Elon Musk, and personal submarines are available for purchase… though we’re still field-testing their survivability.

But MakerDAO is proposing a mind-blowing development that speaks to the mad scientist in all of us.

MakerDAO wants to tokenize uranium and we’re ready to outfit our cold wallets with Geiger counters.

Move over, Oppenheimer, it’s time for all of us to play nuclear physicist.

Espresso Shots

☕️ MetaMask’s Disappearance

MetaMask, possibly the go-to crypto wallet, disappeared from the Apple app store for several hours on October 14, but was later restored.

The app’s removal was caused by "an internal operational error on our end," a spokesperson from MetaMask told Decrypt, rather than an issue stemming from Apple.

A statement was posted by @tayvano_ warning of potential malicious imitators. The X account is believed to belong to MetaMask Lead Product Manager Taylor Monahan, but was later replaced by an official statement from MetaMask.

It’s a strange hiccup between two very prominent platforms, but it all harkens back to a little fall folk wisdom.

If the digital fox sees its shadow and disappears from the app store, we can steal chickens from local farms until at least November.

☕️ T-Swift Back on Crypto

BitPay announced that fans looking to buy presale tickets to Taylor Swift’s Eras tour movie can do so with crypto.

Through BitPay’s collaboration with AMC theatres, movie-goers can purchase tickets with Bitcoin, Ethereum, Dogecoin, or Shiba Inu.

Much like one of Swift’s many song-written tales of heartbreak, the pop star has had an on-again-off-again relationship with crypto. Most notably, the controversy surrounding Swift’s potential FTX endorsement.

But this is a beautiful, crypto-inclusive development for a film that has already done $100 million in global presales.

And yes, we’re excited. But we’ll be even more excited when you can start staking your crypto on the volume and longevity of Travis Kelce’s mustache.

☕️ AI Speaks the Forbidden Tongue

Just in time for Halloween, Mistral Trismegistus 7B, a new AI with occult mastery, has been released on the AI collaboration platform, HuggingFace.

Trismegistus has expert knowledge of the other side. When prompted by a researcher from Decrypt, Trismegistus gave spooky tutorials, including a seven-step guide on how to select the proper broomstick and an in-depth lecture on palmistry.

“Move on to analyzing the hand's lines and patterns. There are several key lines in a hand that hold particular significance,” Trismegistus wrote. “The heart(-)line, which represents one's emotional nature and relationships with others; the head line, which symbolizes intellectual pursuits and decision-making abilities; and the life(-)line, which embodies overall life energy and vitality.”

It’s a bit of spooky, seasonal fun, but you know somewhere in Salem that heavyset theatre girl from your high school is frantically drawing a chalk pentagram around her MacBook.

Polled Brew

Spilling the Beans

☕️ Tokenized Uranium Is About to BOOM 🤯 ☢️

MakerDAO has become a crypto institution unto itself.

If you haven’t heard of it, MakerDAO is a protocol that runs on the Ethereum blockchain.

MakerDAO is also the institution behind Dai (DAI), an Ethereum-based stablecoin soft-pegged to the U.S. dollar.

Dai as a firm is a reliable presence in crypto, and currently ranks 20th of known cryptocurrency assets by market cap.

Dai is soft-pegged to the U.S. dollar, which implies that Dai has a certain amount of flexibility in its exchange rate to survive potential economic shocks experienced by the greenback.

In terms of pegging, a soft peg is halfway between a hard peg or 1:1 exchange rate, or a floating exchange rate in which currencies can fluctuate freely under the influence of an open market.

Now MakerDAO is, as its name suggests, a Decentralized Autonomous Organization or “DAO,” which are communities that form in Web3 and create mutual funds that bring a semblance of financial democracy to the weirdness of the internet.

And while yes, some DAOs are non-nonsense financial communities, other DAOs can get pretty kooky, such as the organized efforts to revive Blockbuster or purchase the script bible for an unrealized “Dune” movie.

Now MakerDAO was originally just a conglomerate of MKR token holders, and on the sliding scale of DAO strangeness, it’s certainly closer to the former than the latter.

But MakerDAO’s not without its eccentricities.

Last year, MakerDAO started openly discussing its “Endgame” proposal to help the DAO avoid the types of pitfalls that undid Tornado Cash.

And one of the prongs of MakerDAO’s multifaceted plan involves tokenizing an asset that’s never been touched before, and not just because you’d need protective gloves to handle it.

MakerDAO intends to tokenize uranium.

It sounds like the ramblings of a Bond villain, but it actually makes a lot of sense.

It’d certainly be the first stablecoin to use real, nuclear-grade uranium as collateral.

Now, this development is still in the proposal stage, but the project is further detailed at uranium3o8.

Forget gold’s utility as an inflation hedge, pegging Dai to uranium, if allowed to progress, would make the coin practically invulnerable.

There’s a built-in market for uranium buyers. Namely, countries looking to reinvigorate their nuclear programs or looking for clean alternatives to powering their energy grids.

And that uranium could even be shipped to independent buyers, provided they meet certain criteria, according to reporting from Decrypt. And MakerDAO just won’t be shipping uranium willy-nilly, they’ve tapped Canadian mining firm Madison Metals to help with this delicate process.

Now, if you’re thinking, “Won’t the feds or some other world government step in and shut this thing down?” You might be entirely right.

Maybe the reason that nobody’s pegged the most volatile, natural element to their stablecoin is that, like replacing a city’s highways with lazy rivers or building a chocolate house, it’s just not feasible.

But MakerDAO certainly seems to be treating this project like an exciting, totally realistic new avenue.

And we wish them all the best.

If you see the Coffee & Crypto team rocketing down the highway in a fleet of glowing, nuclear-powered Toyota Corollas, know that we’ll have MakerDAO to thank.

Crypto 101

Floating Peg: Other than a hard peg, or the soft peg that we’ve already discussed, the third style of exchange rate is “floating.”

In a floating exchange rate, the price of an asset isn’t pegged to a government currency and can rise and fall with the supply and demand of private markets.

The Last Sip

The Last Sip: Remember that girl from your high school theater scene? The one with too much eyeshadow who was all excited about the witchy new AI? Well, the local Puritans found out what she was doing. They’ve created a bonfire of standing desks and it looks like they’re about to burn her, and her monitors, at the stake.

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.