Well, with Black Friday and Cyber Monday in our rearview mirrors, it feels like our shopping spree is over until we’ll inevitably have to run out in late December for some last-minute Xmas gifts.

But crypto doesn’t seem satiated. Crypto isn’t ready to fall asleep on the couch watching the Peanuts Christmas special.

Crypto’s in a buying frenzy and it’s only just begun.

But let’s find out which coins are leading the charge.

Espresso Shots

☕️ Philippines Blocks Binance

The Philippines Security and Exchange Commission (yes, they also have an SEC) is moving to block access to Binance.

The Philippines SEC is arguing that Binance is an unregistered corporation in the country and does not have the authority or necessary license to operate as a crypto exchange.

Filipino authorities say that fully removing Binance from the country will take three months in order to give their citizens adequate time to pull their investments from the exchange.

“Not the Philippines!” screamed Changpeng Zhao from Seattle as he waits to see if he will go to prison, “they have the 14th largest GDP in Asia!”

 ☕️ Amazon’s New AI

Amazon has debuted a new form of corporate AI with the launch of Amazon’s “Q.”

“Amazon Q provides immediate, relevant information and advice to employees to streamline tasks, accelerate decision-making and problem-solving, and help spark creativity and innovation at work,” reads an announcement from Amazon.

“You can use Amazon Q to have conversations, solve problems, generate content, gain insights, and take action by connecting to your company’s information repositories, code, data, and enterprise systems.”

In terms of content generation, Amazon Q will be able to help users fix bugs, generate codes, and create social media posts.

Amazon Q can also generate speeches and stories about business performance, tailoring its voice to match the user’s role within the company.

“Hey Alexa,” said Bill from marketing, “Have you been analyzing my behavior to design my AI replacement?”

☕️ Munger’s Legacy

Charlie Munger, Warren Buffet’s business partner and vice president of Berkshire Hathaway, passed away at 99.

Munger wasn’t only a titan of industry, he was an incredibly outspoken crypto critic.

Munger was calling crypto “rat poison” as early as 2013, and he maintained this view for the rest of his life.

At the 2023 Daily Journal Corporation annual meeting, Munger doubled down claiming, "It's asinine, it's not slightly stupid it's massively stupid, and it's very dangerous," Munger continued.

"The governments were totally wrong to permit it. I'm not proud of my country for allowing this crypto shit, it's worthless, it's no good, it's crazy, it'll do nothing but harm."

Naturally, just hours after Munger’s death, some degen created a MUNGER memecoin which surged 31,500%.

This is the American lifecycle. You’re born, you work, you die, then someone makes a shitcoin about you with a $132,000 market cap.

Spilling the Beans

Forget the Turkey Trot, This Here’s a Bull Run! 📈 🏦

There were some things we expected on Black Friday.

We wanted to sleep in and wake up with a hangover and intestinal distress. That is both expected and our right as Americans.

What we didn’t expect was for Bitcoin to hit an 18-month high. 

Bitcoin broke through $38,000 and there’s talk that BTC will push through and rally even higher.

And by all accounts, Bitcoin should keep climbing based just based on the steam and heat provided by the coming Bitcoin Spot ETF applications.

But we’re not here to talk about Bitcoin. Bitcoin gets plenty of attention.

This is an altcoin deep dive. Because Bitcoin wasn’t the only coin hitting an 18-month high on Black Friday, Ethereum also hit an 18-month high, surging past the $2,100 mark.

Though both Bitcoin and Ethereum have been outpaced by Solana (SOL).

Solana’s been exhibiting a positively stellar performance, up 70% in the past 30 days and 10% in the past week alone.

In fact, at the time of writing, Solana is sitting around the $60 mark and is currently the best-performing coin in the entire crypto market.

But we don’t have to make this into a competition, we’re all winners here.

Who knows if it’s the season of Thanksgiving or the season of giving thanks, but crypto has captured investors’ attention yet again.

Every billionaire to monocle-wearing fat cat is buying crypto.

How do we know? Because last week the crypto market posted its highest inflows in nine weeks.

Yes, Bitcoin commanded the majority of those inflows with $312 million. Bitcoin’s year-to-date inflow is just under $1.5 billion.

But our unsung-ish heroes, Ethereum and Solana, were responsible for their own hefty chunk of change.

Ethereum garnered $34 million of last week’s inflows but has had a hefty month with a total of $103 million.

Remember, Solana is technically the best-performing cryptocurrency, even if its inflows seem paltry compared to ETH and BTC.

Solana did $3.5 million last week, $40 million for the month, and $138 million YTD.

Now, remember those excited billionaires and fat cats we mentioned? Well, it seems like they’re not American.

The majority of last week’s surge of inflows came from Germany and Canada. 87%, in fact.

Now, it’s not that the U.S. isn’t interested in crypto, it’s that we have a feeling that American investors are biding their time until the ETF approvals to start their buying frenzy.

Now, the holidays are a wonderful time, a time for family and friendship. But the lack of daylight and demands of visiting relatives can also make this season particularly stress and anxiety-inducing.

Our official stance is: don’t sweat it, just go with the in-flow.

Crypto 101

Inflows and Outflows: Inflows are any money going into a business, in short, profit and sales.

Outflows, on the other hand, are when money goes out of a business through debts, operating costs, or other liabilities.

The Last Sip

The Last Sip: Many people believe that Charlie Munger made his fortune as a shrewd businessman and strategic investor. And maybe being partners with Warren Buffet didn’t hurt. But the truth is that Charlie Munger got rich by inventing, cross-breeding, and germinating mung beans.

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.