Happy Monday! It’s the 1,943rd anniversary of the eruption of Mount Vesuvius!

Much like how Vesuvius popped its top all those years ago, we’re ready to rain hot news & takes on the unsuspecting cities of Pompeii and Herculaneum.

Espresso Shots

Big news from the day!

☕️ Chinese state researchers have proposed the idea of a Pan-Asian digital currency. This new token would be pegged to a collective of 13 currencies, including the Japanese yen, the South Korean Won, and the yuan. Researchers believe a common digital currency would lower Asia’s dependance on the US dollar and protect the region’s financial stability. If this does happen, this new rival from the East could give Ethereum and Bitcoin a run for their money. This may be the spiciest thing to come out of Asia since Sriracha.

☕️ After a turbulent last few days, Bitcoin has been holding steady around 19k, a sign that the currency has found a new floor. Meanwhile, Ethereum has continued to struggle post the mid-September merge. Ladies and gentlemen, we’re deep into Crypto Winter. Stuff those chubby cheeks and bed down in your cave, cause it’s time to hibernate. 

☕️ Late last week Crypto exchanges Crypto.com and Blockchain.com, among others, notified Russian users that service would soon be discontinued in the region. Naturally, a punitive measure against an entire country is going to result in some friendly fire, with activists and journalists from both sides of the conflict being booted from the exchange. This feels a lot like when the entire class would get detention just because one kid wouldn’t stop invading Ukraine.

Spilling the Beans

It’s time for the United States to jump ahead of the curve and clear the way for Crypto. 

As of this moment, crypto laws are a patchwork network of state-by-state regulations. Company’s are left attempting to interpret complex and half baked laws that are, at times, decades behind the technology. 

Already, we’ve seen Asia and Europe make massive strides in both Crypto adoption and regulation. It’s long past time for the US to jump ahead before we get left behind like a second-grader in a Bush era public school. 

So what does that look like? 

It’s time to define Cryptocurrencies and NFTs. The current legislation has a lot of gaps and those are the natural result of old laws being applied to new ideas.

Congress struggles with issues like this, most of them still have their iPhone flashlights on in their pockets, no chance they’re ready to wrap their heads around digital assets. 

Despite all of this, the writing is on the wall: Cryptocurrencies are rapidly becoming a staple in the global economy, reminiscent of the .com wave in the early 2000s.

The countries who can most rapidly adapt to this new tech are far and away the most likely to dominate the next century. We can’t afford to be hesitant in new tech adoption.

So, what’ll it be, America? You want to try gunpowder or stick with your bow-and-arrow? 

Meme of the Day

It's hybernatin' time.

The Last Sip

Hey, dear reader, it’s been really nice getting to know you. I know at times this relationship can be one-sided. I talk more than I listen, I know that, and I’m working on it.

But if you enjoyed this read, if you thought it was at any point amusing, titillating, or even informative, please, don’t hesitate to forward this newsletter to your friends, colleagues, pets, or even your nemesis, because living well is the best revenge and knowing is half the battle. 

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.