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Date: Thu, 16 Feb 2023 03:23:14 +0000
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From: Coinbase Bytes <newsletter@mail.coinbase.com>
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Reply-To: newsletter@mail.coinbase.com
Subject: A Birkin Bag NFT lawsuit
To: Vincent Herbert <vince@showfile.com>

------=_Part_115165_895322964.1676517794083
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Coinbase BytesAnd what it has to do with the First Amendment.View in browse=
r=20
<https://links.coinbase.com/e/evib?_t=3D3aca56371967418192255878e9689713&_m=
=3Db95eed02869a44bd9b0d2c74013b2ef2&_e=3D3DdvRGJNE9ILwkrDLOdryyfhbtuFF5xex7=
KwRzN4Kc4ByhG7zhC0iHRclQdnNofWmFHM7iAyu79QfHxlclXZ9g%3D%3D>
 <https://coinbase.com>
 16/02/2023
 <https://www.coinbase.com>
A litigious week in crypto saw an NFT trademark lawsuit and a controversial=
=20
SEC enforcement. [Image via Unsplash]



What=E2=80=99s up? It=E2=80=99s Coinbase Bytes

There=E2=80=99s never a dull moment on the blockchain. Here=E2=80=99s what =
you need to know=20
this week:

 * A lawsuit over Birkin Bag NFTs prompted a First Amendment debate. A clos=
er=20
look at the NFT trademark case.
 * The SEC brought an enforcement action against Kraken. The crypto industr=
y=20
balked at the perceived overreach.
 * Noteworthy numbers. The latest inflation report and other key stats to k=
now=20
this week.




Bitcoin

 =C2=A320,483.62=20

 +7.99%=20
 <https://coinbase.com/price/bitcoin?bytes_title=3Dbitcoin>=20

Ethereum

 =C2=A31,407.12=20

 +3.16%=20
 <https://coinbase.com/price/ethereum?bytes_title=3Dethereum>=20


Cardano

 =C2=A30.34=20

 +5.51%=20
 <https://coinbase.com/price/cardano?bytes_title=3Dcardano>=20

Dogecoin

 =C2=A30.07=20

 +1.91%=20
 <https://coinbase.com/price/dogecoin?bytes_title=3Ddogecoin>=20


Polygon

 =C2=A31.12=20

 +7.36%=20
 <https://coinbase.com/price/polygon?bytes_title=3Dpolygon>=20

Solana

 =C2=A319.85=20

 +6.15%=20
 <https://coinbase.com/price/solana?bytes_title=3Dsolana>=20


Bitcoin

 =C2=A320,483.62=20

 +7.99%=20
 <https://coinbase.com/price/bitcoin?bytes_title=3Dbitcoin>=20

Ethereum

 =C2=A31,407.12=20

 +3.16%=20
 <https://coinbase.com/price/ethereum?bytes_title=3Dethereum>=20

Cardano

 =C2=A30.34=20

 +5.51%=20
 <https://coinbase.com/price/cardano?bytes_title=3Dcardano>=20


Dogecoin

 =C2=A30.07=20

 +1.91%=20
 <https://coinbase.com/price/dogecoin?bytes_title=3Ddogecoin>=20

Polygon

 =C2=A31.12=20

 +7.36%=20
 <https://coinbase.com/price/polygon?bytes_title=3Dpolygon>=20

Solana

 =C2=A319.85=20

 +6.15%=20
 <https://coinbase.com/price/solana?bytes_title=3Dsolana>=20
Price changes are for the past week, ending on Feb 16, 2023 at 02:39 AM UTC
See the latest prices <https://www.coinbase.com/price>



 SECURE THE BAG=20

How Birkin Bag NFTs prompted a First Amendment debate about art in the cryp=
to=20
era

When is NFT art =E2=80=A6 legally art? That was the question at the center =
of a=20
lawsuit brought by luxury fashion brand Herm=C3=A8s, the maker of the prest=
igious
Birkin Bag <https://www.hermes.com/us/en/story/106191-birkin/>, against dig=
ital=20
artist Mason Rothschild and his buzzy, unaffiliatedMetaBirkins=20
<https://www.instagram.com/metabirkins/?hl=3Den> NFT collection, which cons=
ists=20
of eccentric, digital versions of the namesake accessory.

Last Wednesday, a federal jury in Manhattan determined that the NFT collect=
ion=20
violated Herm=C3=A8s=E2=80=99 trademark rights, awarded the company $133,00=
0 in damages, and=20
introduced uncertainty into the still-nascent NFT creator economy by ruling=
=20
that Rothschild=E2=80=99s NFTs were not protected speech.

This lawsuit raised eyebrows across art and crypto communities alike, as=20
creators, buyers, and brands all debated what constitutes artistic expressi=
on=20
in the age of the NFT. Let=E2=80=99s take a closer look.

What are MetaBirkin NFTs?

 * Created by designer Mason Rothschild in 2021, MetaBirkin NFTs are digita=
lly=20
reimagined versions =E2=80=94 often fur covered, and vividly dyed =E2=80=94=
 of the iconic=20
Birkin Bag, a luxury status symbol that often retails for tens of thousands=
 of=20
dollars.
 * Rothschild sold 100 NFTs for $450 each, and he received 75% of secondary=
=20
sales, netting about $125,000.
 * He described his MetaBirkin NFTs as an =E2=80=9Cironic nod=E2=80=9D to t=
he elite purse.


Why did Herm=C3=A8s sue Rothschild for his NFT collection?

 * The Birkin parent company claimed its trademark was being diluted and th=
at=20
customers might mistakenly purchase unaffiliated digital goods.
 * A Herm=C3=A8s lawyer argued=20
<https://www.nytimes.com/2023/02/08/arts/hermes-metabirkins-lawsuit-verdict=
.html>
 =E2=80=9Cthe reason for [MetaBirkin] sales was the Birkin name,=E2=80=9D a=
nd alleged=20
Rothschild had monetary, not artistic, motivations, pointing to a text in w=
hich=20
he asked influencers to =E2=80=9Cdo one more shill post=E2=80=9D to boost d=
emand.


What was Rothschild=E2=80=99s legal defense?

 * Rothschild=E2=80=99s lawyer described him as =E2=80=9Ca conceptual artis=
t=E2=80=9D and argued that=20
his MetaBirkin NFTs were art that was protected under the First Amendment a=
s=20
free speech. He also noted that the NFT collection explored Birkins as a=20
=E2=80=9Ccultural symbol of rarefied wealth and status.=E2=80=9D


Why did the jury side with Herm=C3=A8s, and how did Rothschild respond?=20

 * The nine-member jury decided that MetaBirkins were more akin to commodit=
ies=20
=E2=80=94 which are subject to strict trademark laws to prevent counterfeit=
ing =E2=80=94 and=20
less like artwork where appropriation is protected, such as with Andy Warho=
l=E2=80=99s=20
=E2=80=9CCampbell=E2=80=99s Soup Can=E2=80=9D series from 1961.
 * Rothschild's lawyer said it was a =E2=80=9Cgreat day for big brands and =
a terrible=20
day for the First Amendment.=E2=80=9D In an interview withForbes=20
<https://www.forbes.com/sites/marisadellatto/2023/02/08/herms-wins-trademar=
k-lawsuit-against-furry-metabirkins-nfts-in-first-of-its-kind-trial/?sh=3D7=
913857a5acf>
, he also criticized H=C3=A8rmes for claiming to value art =E2=80=9Cbut fee=
l[ing] they have=20
the right to choose what art IS and who IS an artist.=E2=80=9D
 * In a statement, Rothschild said what =E2=80=9Chappened today was wrong =
=E2=80=A6 and will=20
continue to happen if we don=E2=80=99t =E2=80=A6 fight.=E2=80=9D


Why does it matter and what could it mean for the future of NFTs?

While crypto Twitter=20
<https://twitter.com/search?q=3Dmetabirkin&src=3Dtyped_query&f=3Dtop> sound=
s off=20
about what this case could mean for NFTs and creators, it=E2=80=99s importa=
nt to note=20
that the verdict in one of the first-ever NFT-related trademark cases was=
=20
specifically about one instance of trademark infringement and not a broad=
=20
ruling about NFTs in general. The lawsuitdoes raise plenty of questions tho=
ugh:=20
Who gets to decide the artistic merits of NFT collections? Will we need to=
=20
legally categorize different kinds of NFTs? What if Andy Warhol=E2=80=99s i=
conic=20
Campbell=E2=80=99s Soup pieces had been issued on the blockchain?

NFTs remain an emerging technology that exists at the intersection of art a=
nd=20
practical use cases =E2=80=94 take Super Bowl MVP Rihanna, who recently sol=
d =E2=80=9CB*ich=20
Better Have My Money=E2=80=9Droyalties=20
<https://decrypt.co/120973/rihanna-producer-sells-royalties-to-bitch-better=
-have-my-money-as-nfts>
 as NFTs =E2=80=94 so legal frameworks, with any luck, will evolve alongsid=
e the tech.
Brush up on NFTs=20
<https://www.coinbase.com/learn/crypto-basics/what-are-nfts?src=3Dsecurethe=
bag_cta>
 <https://www.coinbase.com/learning-rewards>

 KRAK DOWN=20

Crypto Industry responds to SEC=E2=80=99s staking enforcement against Krake=
n

Last week, the Securities and Exchange Commission announced that the=20
U.S.-based crypto exchange Kraken had agreed to pay the agency a $30 millio=
n=20
fine forallegedly=20
<https://www.bloomberg.com/news/articles/2023-02-09/crypto-exchange-kraken-=
ends-staking-program-in-sec-settlement?leadSource=3Duverify%20wall>
 violating securities laws related to its crypto-asset staking service. As =
part=20
of the agreement, Kraken also agreed to cease its staking program for U.S.=
=20
users.

The news of this settlement from the SEC, and its potential impact on the=
=20
industry, generated strong responses not only from key figures in crypto, b=
ut=20
also those in government. (For more background on this issue, read Coinbase=
=20
Chief Legal Officer Paul Grewal=E2=80=99sblog post=20
<https://www.coinbase.com/blog/coinbases-staking-services-are-not-securitie=
s-and-heres-why>
 explaining why =E2=80=9Cstaking is not a security under the US Securities =
Act.=E2=80=9D)

Here is some of the notable commentary:

 * Coinbase CEO Brian Armstrong responded=20
<https://twitter.com/brian_armstrong/status/1623459237631528960> by=20
highlighting how valuable an innovation staking is for crypto, and that it=
=20
brings =E2=80=9Cmany positive improvements to the space, including scalabil=
ity,=20
increased security, and reduced carbon footprints.=E2=80=9D Arguing that en=
forcements=20
like this only encourage companies to take their operations offshore, Armst=
rong=20
said =E2=80=9Cwe need to make sure that new technologies are encouraged to =
grow in the=20
U.S., and not stifled by lack of clear rules.=E2=80=9D
 * SEC Commissioner Hester Peirce wrote=20
<https://www.sec.gov/news/statement/peirce-statement-kraken-020923> a=20
strongly-worded dissent in response to the agency=E2=80=99s actions against=
 Kraken,=20
arguing that =E2=80=9Cusing enforcement actions to tell people what the law=
 is in an=20
emerging industry is not an efficient or fair way of regulating.=E2=80=9D B=
ut most=20
concerning, according to Peirce, was that =E2=80=9Cour solution to a regist=
ration=20
violation is to shut down entirely a program that has served people well.=
=E2=80=9D
 * Kraken co-founder Jesse Powell made=20
<https://twitter.com/jespow/status/1623811805289099265> a similar point whe=
n he=20
observed on Twitter that the =E2=80=9C=E2=80=98This is wrong but I won=E2=
=80=99t tell you how to do it=20
right. Want to find out if X works? Try it and see what happens.=E2=80=99 a=
pproach does=20
not help the industry nor consumers.=E2=80=9D
 * GOP Rep. Tom Emmer noted=20
<https://twitter.com/GOPMajorityWhip/status/1623799363590934529> that consu=
mers=20
would be negatively impacted by the decision, since staking allows more peo=
ple=20
to =E2=80=9Cparticipate in building the next generation of the internet.=E2=
=80=9D And as a=20
result the SEC chairman=E2=80=99s =E2=80=9Cregulatory purgatory strategy hu=
rts everyday=20
Americans the most =E2=80=94 leaving them in the dust while these opportuni=
ties are=20
accessible offshore.=E2=80=9D
 * a16z Crypto General Counsel Miles Jennings highlighted=20
<https://twitter.com/milesjennings/status/1623850932860784641> that proacti=
ve=20
regulatory clarity from the agency has been a long-standing challenge for t=
he=20
crypto industry: =E2=80=9CIt has now been FOUR years since the last crypto-=
related=20
guidance from the SEC, whose Chairman continues to focus on headlines rathe=
r=20
than a legitimate effort to protect investors in accordance with the SEC=E2=
=80=99s core=20
mission.=E2=80=9D

Learn about Coinbase staking=20
<https://www.coinbase.com/blog/coinbases-staking-services-are-not-securitie=
s-and-heres-why?src=3Dkrakdown_cta>



 NUMBERS TO KNOW=20

$90 billion

Estimated value=20
<https://www.coindesk.com/tech/2023/02/13/hacking-crypto-wallets-is-latest-=
strategy-in-quest-to-recover-lost-billions/>
 of all the BTC that has been lost due to users forgetting the private keys=
 to=20
their wallet. But one wallet recovery startup, called Unciphered, has claim=
ed=20
to have found a solution by identifying previously undiscovered vulnerabili=
ties=20
in wallets, hacking them, and then returning the funds to its owner for a s=
hare=20
of the wallet=E2=80=99s value.

$15.4 billion

The market cap of BUSD, as of Tuesday evening. The stablecoin, which is the=
=20
third largest on the crypto market, is minted by the financial trust Paxos.=
=20
This week, Paxosdisclosed=20
<https://www.wsj.com/articles/crypto-firm-paxos-to-stop-issuing-dollar-pegg=
ed-binance-token-94f65e52>
 that it had been ordered by the New York Department of Financial Services =
to=20
halt the minting of BUSD, and that the firm had been contacted by the SEC=
=20
regarding a possibleenforcement action=20
<https://www.coindesk.com/policy/2023/02/13/paxos-categorically-disagrees-w=
ith-sec-that-busd-is-a-security-says-it-will-litigate-if-needed/>
 related to the stablecoin.

12 million

The current number of YouTube views that a previously unreleased Linkin Par=
k=20
song called =E2=80=9CLost <https://www.youtube.com/watch?v=3D7NK_JOkuSVY>=
=E2=80=9D has racked up.=20
NFT artistPplpleasr <https://www.youtube.com/watch?v=3DzwPsSVnFD1g> and Mac=
iej=20
Kuciara, co-founders of the web3 content studio Shibuya, directed the new m=
usic=20
video, which used an AI graphics generator.

22=20

The number of artworks donated=20
<https://decrypt.co/121238/lacma-art-museum-nft-donation-cryptopunk-art-blo=
cks>=20
from mysterious NFT collector Cozomo de' Medici to the Los Angeles County=
=20
Museum of Art, making it one of the largest NFT collections added to the=20
permanent collection of a major museum. Among the works included are a=20
Cryptopunk that last sold for $2.1 million in 2021.

6.4%

The percentage that inflation=20
<https://www.cnbc.com/2023/02/14/consumer-price-index-january-2023-.html> r=
ose=20
in January on a year-over-year basis according to the latest Consumer Price=
=20
Index report, slightly higher than the expected 6.2%. Bitcoin, as well as s=
tock=20
indexes, dipped slightly on the news.
Learn BTC basics=20
<https://www.coinbase.com/learn/crypto-basics/what-is-bitcoin?src=3Dnumbers=
toknow_cta>



 JOIN IN=20

Participate in the Ethereum EIP-4844 upgrade

Over the last year, Coinbase has been working on the Ethereum EIP-4844=20
upgrade, which will bring people into the cryptoeconomy by lowering the cos=
t of=20
L2s running on Ethereum. The KZG Ceremony is a coordinated public ritual to=
=20
provide a cryptographic foundation for scaling initiatives like EIP-4844. T=
o=20
prepare, the community is invited to contribute randomness to the KZG Cerem=
ony.=20
Go tohttps://ceremony.ethereum.org/ <https://ceremony.ethereum.org/> to=20
contribute. Seehere <https://twitter.com/coinbase/status/162302927860151910=
6>=20
for more info.
Participate in the ceremony <https://ceremony.ethereum.org/?src=3Djoinincta=
>



 TOKEN TRIVIA=20

Who is Satoshi Nakamoto?=20

ACryptographic pioneer Hal Finney
BCypherpunk Len Sassaman
CElon Musk, obviously
DNone the above =E2=80=94 or any of the above
Find the answer at the end of the email.
Learn about Satoshi=20
<https://www.coinbase.com/it/learn/crypto-basics/who-is-satoshi-nakamoto?sr=
c=3Dsection_cta>



 NOW TRADING ON COINBASE=20

BLUR
BLUR is the ERC-20 governance token of Blur.io, an NFT marketplace.=20
 <https://www.coinbase.com/price/blur?bytes_new=3Dblur>
VOXEL
VOXEL is the in-game token of Voxie Tactics.=20
 <https://www.coinbase.com/price/voxies?bytes_new=3Dvoxies>


Trivia answer

DNone the above =E2=80=94 or any of the above

 <https://itunes.apple.com/us/app/coinbase-bitcoin-wallet/id886427730?mt=3D=
8>=20
<https://play.google.com/store/apps/details?id=3Dcom.coinbase.android>
Disclaimer: This material is the property of Coinbase, Inc., its parent and=
=20
affiliates ("Coinbase"). The views and opinions expressed herein are those =
of=20
the author and do not necessarily reflect the views of Coinbase or its=20
employees and summarizes information and articles with respect to=20
cryptocurrencies or related topics that the author believes may be of inter=
est.=20
This material is for informational purposes only, and is not (i) an offer, =
or=20
solicitation of an offer, to invest in, or to buy or sell, any interests or=
=20
shares, or to participate in any investment or trading strategy, (ii) inten=
ded=20
to provide accounting, legal, or tax advice, or investment recommendations =
or=20
(iii) an official statement of Coinbase. No representation or warranty is m=
ade,=20
expressed or implied, with respect to the accuracy or completeness of the=
=20
information or to the future performance of any digital asset, financial=20
instrument or other market or economic measure. The information is believed=
 to=20
be current as of the date indicated on the materials. Recipients should con=
sult=20
their advisors before making any investment decision. Coinbase may have=20
financial interests in, or relationships with, some of the entities and/or=
=20
publications discussed or otherwise referenced in the materials. Certain li=
nks=20
that may be provided in the materials are provided for convenience and do n=
ot=20
imply Coinbase's endorsement, or approval of any third-party websites or th=
eir=20
content. Coinbase, Inc. is not registered or licensed in any capacity with =
the=20
U.S. Securities and Exchange Commission or the U.S. Commodity Futures Tradi=
ng=20
Commission.

 =C2=A9 Coinbase 2023 | Coinbase Europe Limited=20
 70 Sir John Rogerson=E2=80=99s Quay | Dublin 2 | D02 R296 | Ireland=20
 +353 1800 200 355=20
 =C2=A9 Coinbase 2023 | CB Payments, Ltd=20
 5 Fleet Place | London | EC4M 7RD | UK=20
 +44 808 168 4635=20

 CB Payments, Ltd. is authorised by the Financial Conduct Authority under t=
he=20
Electronic Money Regulations 2011 (register number 900635) for the issuing =
of=20
electronic money.

 Cryptocurrency is unregulated in the UK and may gain in value, or lose som=
e=20
or all value. Profits may be subject to Capital Gains Tax.


Unsubscribe=20
<https://links.coinbase.com/e/encryptedUnsubscribe?_r=3D3aca563719674181922=
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dryyfhbtuFF5xex7KwRzN4Kc4ByhG7zhC0iHRclQdnNofWcnM3QOyhT0Vnm7QbVU_ZZCHVZqYFa=
BKNXL5LxrP7K9Cu2pASkLwIsSr0I1LmmCtMmSOm5c8nXY-OOUtiB0ECtkSkShFCYIH0Yoqx6Mjp=
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"text-align: right; margin-bottom: 24px;"><a href=3D"https://comm.coinbase.=
com/CL0/https:%2F%2Flinks.coinbase.com%2Fe%2Fevib%3F_t=3D3aca56371967418192=
255878e9689713%26_m=3Db95eed02869a44bd9b0d2c74013b2ef2%26_e=3D3DdvRGJNE9ILw=
krDLOdryyfhbtuFF5xex7KwRzN4Kc4ByhG7zhC0iHRclQdnNofWmFHM7iAyu79QfHxlclXZ9g%2=
53D%253D/1/01000186583f62a0-7b05e239-c863-47b6-ab6c-244aedcd092b-000000/5zC=
hLjtT6DuOVK6ufJSV5vywN-X7Xgjj3kLa_kosIcg=3D288" target=3D"_blank" rel=3D"no=
opener noreferrer" style=3D"color: rgb(91, 97, 110); text-decoration: none;=
 line-height: 1.5; font-size: 12px;">View in browser</a></div><div style=3D=
"margin-bottom: 20px;"><table style=3D"width: 100%;"><tbody><tr><td style=
=3D"text-align: left; vertical-align: middle;"><a href=3D"https://comm.coin=
base.com/CL0/https:%2F%2Flinks.coinbase.com%2Fa%2Fclick%3F_t=3D3aca56371967=
418192255878e9689713%26_m=3Db95eed02869a44bd9b0d2c74013b2ef2%26_e=3DVgjLuVc=
IF8s3DMSjAa6kM32jn3UhZS_FqOYvcFcpIM3p6noiaChVnMPUItn8R_LUxaVFc42iZlUm6gbqSz=
r7wZM5tR2rThCS98NV5o1Y4piNHza7zrIUViq18PzyONt1TH8sixkg3sh3Rgo2MsBUDew8T7d52=
eAYRDV5HWKERlSk72qiTcqII-7tR7qLBSiWqIDY3ltgJb5tbds3WjZyXn7t3pmNPp2Qw3w5dgE2=
E3x8ChZqWkmL0VgFjNBA0H46dMLBkx7xsiT2sc2BqxfDwLe1EpukslkozEE0y2hcSvRdwvBmNI5=
_2c5kkKUFqB3x/1/01000186583f62a0-7b05e239-c863-47b6-ab6c-244aedcd092b-00000=
0/xJLXCK0rDrjV52RnW6Uw-Dg9niss0pjyhi2xYjKIx6M=3D288" title=3D"Coinbase Byte=
s" target=3D"_blank" rel=3D"noopener noreferrer"><img src=3D"https://d15k2d=
11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c5=
42cff6dd6a/3aca56371967418192255878e9689713/cbytes-4x.png" height=3D"36" st=
yle=3D"display: block; height: 36px;"></a></td><td style=3D"text-align: rig=
ht;"><p style=3D"font-size: 20px; color: rgb(10, 11, 1); margin: 10px 0px 0=
px;"> 16/02/2023</p></td></tr></tbody></table></div><a href=3D"https://comm=
.coinbase.com/CL0/https:%2F%2Flinks.coinbase.com%2Fa%2Fclick%3F_t=3D3aca563=
71967418192255878e9689713%26_m=3Db95eed02869a44bd9b0d2c74013b2ef2%26_e=3DVg=
jLuVcIF8s3DMSjAa6kMyFs7mp-4H6bZqBhCZjCwVowPCUNnCpEY0rP51kGAqfJ4c7AuJwpQRKOn=
zTN9PN5If-CdawyMPli3xOptNzVhN0_C-t4st29kF30pcF3YOrODkBOqmbv33-YIvMJ4jw3rp5n=
Vuy4Wm6i5S0zDGIFzDTzeloASPO8fHhcgb8AABBGojyZnCnFldTbsHfULO1GjI1PULyrEBAdqG_=
fmZkGZy8tp7DBW8c82mQN15VjUYKckYxi49z7Wj4PzRZUsB0LJYbZ_oO-JHxBDFCB0TGu5TRCqj=
2mGERrKDi5qVyRBzUn/1/01000186583f62a0-7b05e239-c863-47b6-ab6c-244aedcd092b-=
000000/FnkcOMpQtw1nzOsNkDgg4KlGCsTD2B-WUjMY2qM8s_c=3D288" target=3D"_blank"=
 rel=3D"noopener noreferrer"><img src=3D"https://images.ctfassets.net/q5ulk=
4bp65r7/7oB2LC4Otash9c0O7o7sfk/d0a518e6c2ed3f59822baf9114bde690/tingey-inju=
ry-law-firm-6sl88x150Xs-unsplash.jpg" width=3D"100%" style=3D"display: bloc=
k; width: 100%;"></a><p style=3D"margin: 16px 0px 0px; line-height: 1.5; wo=
rd-break: break-word; font-size: 12px; color: rgb(91, 97, 110);">A litigiou=
s week in crypto saw an NFT trademark lawsuit and a controversial SEC enfor=
cement. [Image via Unsplash]</p><p style=3D"margin: 16px 0px 0px; line-heig=
ht: 1.5; word-break: break-word; font-size: 12px; color: rgb(91, 97, 110);"=
></p><p style=3D"margin: 48px 0px 16px; font-size: 32px; line-height: 1.26;=
 word-break: break-word;"><strong>What=E2=80=99s up? It=E2=80=99s Coinbase =
Bytes</strong></p><p style=3D"margin: 0px; line-height: 1.6; word-break: br=
eak-word;">There=E2=80=99s never a dull moment on the blockchain. Here=E2=
=80=99s what you need to know this week:</p><!--[if mso]><ul style=3D"line-=
height:1.6;mso-line-height-alt:26px;"><![endif]--><!--[if !mso]><!-- --><ul=
 style=3D"margin: 10px 0px; padding-left: 24px; line-height: 1.6;"><!--<![e=
ndif]--><li style=3D"margin: 0px; padding: 6px 0px;"><strong>A lawsuit over=
 Birkin Bag NFTs prompted a First Amendment debate. </strong>A closer look =
at the NFT trademark case.</li><li style=3D"margin: 0px; padding: 6px 0px;"=
><strong>The SEC brought an enforcement action against Kraken. </strong>The=
 crypto industry balked at the perceived overreach.</li><li style=3D"margin=
: 0px; padding: 6px 0px;"><strong>Noteworthy numbers. </strong>The latest i=
nflation report and other key stats to know this week.</li></ul><p style=3D=
"margin: 0px; padding: 0px;"></p><!--[if !mso]><!--> <div class=3D"desktop_=
hide" style=3D"mso-hide:all;display:none;max-height:0;overflow:hidden;"> <t=
able style=3D"width:100%;table-layout:fixed;margin:0;"> <tbody> <tr> <td st=
yle=3D"padding-top:40px;"> <a href=3D"https://comm.coinbase.com/CL0/https:%=
2F%2Flinks.coinbase.com%2Fa%2Fclick%3F_t=3D3aca56371967418192255878e9689713=
%26_m=3Db95eed02869a44bd9b0d2c74013b2ef2%26_e=3DVgjLuVcIF8s3DMSjAa6kMyaoPS9=
4133hn460zh-7Z_j4koaFSipcvjCKXghGADZyeSsQsFnMEKGNQUWTxe1IFYI8l7Y5Yd2phmkvuE=
87s_zb8jzfh6lgUplphyPKnWj-MeSe0Mk8M6rhJtAFXnqzqy1BmM0wYPArRzdrr2NL2pNpdBimJ=
gDZ5vmOkSfoDHjtSqSYCfHz4E8-kGwPSBfybrpQZt0F0qHr05tLryNkJWOP1sMTw4SLES4ClG9B=
jneaKJZ47Tw9ky13iquDp8YEqI9iVVNQ956iF3KyFsJfnx9y6Gv0llpzfo4azWi6n214x6LDmmw=
pt2J4DxgJGM41o4OaaCISoS0TAunVkHPMHaw%253D/1/01000186583f62a0-7b05e239-c863-=
47b6-ab6c-244aedcd092b-000000/-bJyLFogQTzec_B0fq0JC-2iFXRZqGTqtM2L-f66Uxo=
=3D288" target=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <t=
able> <tbody> <tr> <td style=3D"padding:0;vertical-align:top;"> <img src=3D=
"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b=
6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" st=
yle=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" h=
eight=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;vertical-align:top=
;"> <div style=3D"text-align:left;margin:0px 0px 0px 10px;line-height:1;"> =
<p style=3D"margin:0;"><strong>Bitcoin</strong></p> <p style=3D"margin:8px =
0px;"> =C2=A320,483.62 </p> <p style=3D"margin:0;font-size:12px;"> +7.99% <=
/p> </div> </td> </tr> </tbody> </table> </a> </td> <td style=3D"padding-to=
p:40px;"> <a href=3D"https://comm.coinbase.com/CL0/https:%2F%2Flinks.coinba=
se.com%2Fa%2Fclick%3F_t=3D3aca56371967418192255878e9689713%26_m=3Db95eed028=
69a44bd9b0d2c74013b2ef2%26_e=3DVgjLuVcIF8s3DMSjAa6kMyaoPS94133hn460zh-7Z_gC=
b9caLazwC_1tRZ-3_30CMTADTu66WU8od8BkOuBrKQanj8bYAC_rfKwL3G6Ry2wTlR5laflK7Ni=
-OACaTs3lDQiKfg02XWhggdBJ5koUXeDFMDOQ-yivCGGRgGnFTZ0WNPxCQ2ozSL_-XjlEXIL2Ti=
JNc_pLz0C339q6HeXeqXekUl2i_L9AD5LW6hqS0-oqUijJrXFJplgTXragwk_dpCpweO5eRN0Nb=
ZAhIeaRACbpaTFauZ9w_zQloasA2pbDRgsHWJbfF5uBrsYoIRd022Kae5HNx9-5FQ72fXrilwuY=
eEFW1WKZTwrX90nG8cw%253D/1/01000186583f62a0-7b05e239-c863-47b6-ab6c-244aedc=
d092b-000000/r9m3f6voSmcQ4aOcY_olBA9UYLhwkThBh90UN6Nit6E=3D288" target=3D"_=
blank" style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> =
<td style=3D"padding:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6=
t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cf=
f6dd6a/3aca56371967418192255878e9689713/up-arrow.png" style=3D"height:12px;=
width:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"12" width=
=3D"12"/> </td> <td style=3D"padding:0;vertical-align:top;"> <div style=3D"=
text-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin=
:0;"><strong>Ethereum</strong></p> <p style=3D"margin:8px 0px;"> =C2=A31,40=
7.12 </p> <p style=3D"margin:0;font-size:12px;"> +3.16% </p> </div> </td> <=
/tr> </tbody> </table> </a> </td> </tr> <tr> <td style=3D"padding-top:20px;=
"> <a href=3D"https://comm.coinbase.com/CL0/https:%2F%2Flinks.coinbase.com%=
2Fa%2Fclick%3F_t=3D3aca56371967418192255878e9689713%26_m=3Db95eed02869a44bd=
9b0d2c74013b2ef2%26_e=3DVgjLuVcIF8s3DMSjAa6kMyaoPS94133hn460zh-7Z_hKxV0gifl=
WAy29ciZptdBnjj5x2xsV__8x5SaPmeyd_uK8rrOnAH00Ez3s5J8LYMOrlNa6jpCSJm3DZwMYoQ=
C-u_pOT5YO5meT3zCyBuzhGU7ecJzoxjXZyK0IPB4be3vtac6g3yxfYUPzPA8SQPomoDB90yLba=
UYnuPk6Xiu6Du0XnYDbi6G9yc8quGZ1E1xgwCwJiFVp_oHR94G3iLbpW0Mymc1C1oZ_Y5wyXWId=
sShytZA-9pLeD-LzHy2DBQ35fgFC3mxN-_V3_otwvjOsEpmUKIPBGZwGa-9hr1sDs-4TtwgnHTA=
TRcs3aE4oF2A%253D/1/01000186583f62a0-7b05e239-c863-47b6-ab6c-244aedcd092b-0=
00000/gHKFq5xKqeoAzSHCUnke3vwIexaIzwCS9NKJkm0E5G4=3D288" target=3D"_blank" =
style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td sty=
le=3D"padding:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cl=
oudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/=
3aca56371967418192255878e9689713/up-arrow.png" style=3D"height:12px;width:1=
2px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"12" width=3D"12"/=
> </td> <td style=3D"padding:0;vertical-align:top;"> <div style=3D"text-ali=
gn:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><st=
rong>Cardano</strong></p> <p style=3D"margin:8px 0px;"> =C2=A30.34 </p> <p =
style=3D"margin:0;font-size:12px;"> +5.51% </p> </div> </td> </tr> </tbody>=
 </table> </a> </td> <td style=3D"padding-top:20px;"> <a href=3D"https://co=
mm.coinbase.com/CL0/https:%2F%2Flinks.coinbase.com%2Fa%2Fclick%3F_t=3D3aca5=
6371967418192255878e9689713%26_m=3Db95eed02869a44bd9b0d2c74013b2ef2%26_e=3D=
VgjLuVcIF8s3DMSjAa6kMyaoPS94133hn460zh-7Z_j4hTENleePmS-91gxTlC6hgodSr67nsf_=
KxEv-Q8z9HAC0tsM2zNrY4BZdLpouLC3Xkssdwuy8Y-KHSFrBylkdIc8Djv_xI09XYCEu6Zme8G=
IlNXpwn2XUbvqOSwCxm_l0l5gDI8o4vM4gBSPTQWXjasvz5DCPR1vYFOqpg1LgpIen5jcPpmLvM=
jgJz7Jqw32nlfYjkc_49IdxGy_Q8DcQRp8E3YNVNUjWEhdwfB22K_imDs14id7PtX-K60Ce21aL=
B2DXgP3JXtHujt0KH2DXWsR2kjyuZIGw0kYoT3sQ5kCcnODU4N_YPQGx_GP8dnc%253D/1/0100=
0186583f62a0-7b05e239-c863-47b6-ab6c-244aedcd092b-000000/3mX-F6OEywvFpkN1vi=
3jZ0NiI6UtdOv6-FpaWeWxEps=3D288" target=3D"_blank" style=3D"text-decoration=
:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical=
-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/user=
s/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878=
e9689713/up-arrow.png" style=3D"height:12px;width:12px;margin:2px 0px 0px 0=
px;vertical-align:top;" height=3D"12" width=3D"12"/> </td> <td style=3D"pad=
ding:0;vertical-align:top;"> <div style=3D"text-align:left;margin:0px 0px 0=
px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Dogecoin</strong></=
p> <p style=3D"margin:8px 0px;"> =C2=A30.07 </p> <p style=3D"margin:0;font-=
size:12px;"> +1.91% </p> </div> </td> </tr> </tbody> </table> </a> </td> </=
tr> <tr> <td style=3D"padding-top:20px;"> <a href=3D"https://comm.coinbase.=
com/CL0/https:%2F%2Flinks.coinbase.com%2Fa%2Fclick%3F_t=3D3aca5637196741819=
2255878e9689713%26_m=3Db95eed02869a44bd9b0d2c74013b2ef2%26_e=3DVgjLuVcIF8s3=
DMSjAa6kMyaoPS94133hn460zh-7Z_hy9O1f-W1Y077adBo3lwwcb8OgJgDJfrnq3bDtlh1LlZ0=
EpgdfzaW8GIEWqqI9TFxWgVFSpk5r2OrJl7jkW_TAcImCO5Iils_TgGMyC9RBI9A5s-0hIi0CU3=
Ibt9wCQw3vkj4nuJhyIx9X5gAjeHldU5rNH5jdaFWpI_d3oSJFtcUKZ2hP9hrXPvvfo5XElo7_-=
Q7IxVT4acxJC_o-TJAgiVqUPgZLanuq46sqA3HcjTOdDTBFpx5SqRqQoVdQWGhknpU2j9faf4nC=
Koi489IRMUJEEK3A1Re3V9xerf__IRnyix_Ni8bQGHQ9I-Sb7GU%253D/1/01000186583f62a0=
-7b05e239-c863-47b6-ab6c-244aedcd092b-000000/YoPr5cNhVsUN3j77DRyAmE8I7FHfk3=
Yt74NM6mBT0PY=3D288" target=3D"_blank" style=3D"text-decoration:none;color:=
#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical-align:top;"=
> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrator=
s/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-=
arrow.png" style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-=
align:top;" height=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;verti=
cal-align:top;"> <div style=3D"text-align:left;margin:0px 0px 0px 10px;line=
-height:1;"> <p style=3D"margin:0;"><strong>Polygon</strong></p> <p style=
=3D"margin:8px 0px;"> =C2=A31.12 </p> <p style=3D"margin:0;font-size:12px;"=
> +7.36% </p> </div> </td> </tr> </tbody> </table> </a> </td> <td style=3D"=
padding-top:20px;"> <a href=3D"https://comm.coinbase.com/CL0/https:%2F%2Fli=
nks.coinbase.com%2Fa%2Fclick%3F_t=3D3aca56371967418192255878e9689713%26_m=
=3Db95eed02869a44bd9b0d2c74013b2ef2%26_e=3DVgjLuVcIF8s3DMSjAa6kMyaoPS94133h=
n460zh-7Z_ggTmEUbuLiH1w1jWzXV7RwzG8FkfxwWr6aIX1ilMEFo-TtxX052ssxMb_3mmY9jW2=
zAI3NhXw5iTkRfM7vt7XlNWY1xNhbwLmw2r5-QQV4126pjO2h9R--PzyQwiEZvZJGh20nC6Dito=
cwKXtOKoodiLWfsPGgwigGT8ooJVdiG5UGZ-jyZHJDpRLd7rcdj0ub9VIJFT40lDA8SQCSi6hxC=
BSffG8AVUtWVNR1ygTFIPQUZOziJlxwKAQFdlRiUl_muKxpYvCAlKsjJcM6btrctG7EzWzcpXeM=
O7GzUSyApQzZfapD6UvkSSg_sx_9Ro8%253D/1/01000186583f62a0-7b05e239-c863-47b6-=
ab6c-244aedcd092b-000000/nNvHzvmXqVxbyeUmoxlapf_fq3FqMQ66mcxFBT56YeM=3D288"=
 target=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <table> <=
tbody> <tr> <td style=3D"padding:0;vertical-align:top;"> <img src=3D"https:=
//d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb=
-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" style=3D"=
height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=
=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;vertical-align:top;"> <=
div style=3D"text-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p st=
yle=3D"margin:0;"><strong>Solana</strong></p> <p style=3D"margin:8px 0px;">=
 =C2=A319.85 </p> <p style=3D"margin:0;font-size:12px;"> +6.15% </p> </div>=
 </td> </tr> </tbody> </table> </a> </td> </tr> </tbody> </table> </div> <!=
--<![endif]--> <div class=3D"mobile_hide"> <table style=3D"width:100%;table=
-layout:fixed;margin:0;"> <tbody> <tr> <td style=3D"padding-top:40px;"> <a =
href=3D"https://comm.coinbase.com/CL0/https:%2F%2Flinks.coinbase.com%2Fa%2F=
click%3F_t=3D3aca56371967418192255878e9689713%26_m=3Db95eed02869a44bd9b0d2c=
74013b2ef2%26_e=3DVgjLuVcIF8s3DMSjAa6kMyaoPS94133hn460zh-7Z_j4koaFSipcvjCKX=
ghGADZyeSsQsFnMEKGNQUWTxe1IFYI8l7Y5Yd2phmkvuE87s_zb8jzfh6lgUplphyPKnWj-MeSe=
0Mk8M6rhJtAFXnqzqy1BmM0wYPArRzdrr2NL2pNMpy2FMS0HKzxEL8XP8gSJamzfY2FBhR-gOSS=
BKzt35csf9cCrXPd9JBWz_pZN1PB61Mu-Uv4sqxGMHzR-cg9PH2RnkTr9GU7m7KiV0fgF_UrZdh=
UZIGIWxdFGXhsxuBk6H1UV06B-pQhrvi4vHBTD98RclHByct6a8CA5IR7Jf4vBp9JRI01VhYLjE=
N3fLkk%253D/1/01000186583f62a0-7b05e239-c863-47b6-ab6c-244aedcd092b-000000/=
GAkwKFDxr-a5FfmCJqt8IZ7ASQU0CZ1zS48c7Rr6Qzk=3D288" target=3D"_blank" style=
=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D=
"padding:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfr=
ont.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5=
6371967418192255878e9689713/up-arrow.png" style=3D"height:12px;width:12px;m=
argin:2px 0px 0px 0px;vertical-align:top;" height=3D"12" width=3D"12"/> </t=
d> <td style=3D"padding:0;vertical-align:top;"> <div style=3D"text-align:le=
ft;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>=
Bitcoin</strong></p> <p style=3D"margin:8px 0px;"> =C2=A320,483.62 </p> <p =
style=3D"margin:0;font-size:12px;"> +7.99% </p> </div> </td> </tr> </tbody>=
 </table> </a> </td> <td style=3D"padding-top:40px;"> <a href=3D"https://co=
mm.coinbase.com/CL0/https:%2F%2Flinks.coinbase.com%2Fa%2Fclick%3F_t=3D3aca5=
6371967418192255878e9689713%26_m=3Db95eed02869a44bd9b0d2c74013b2ef2%26_e=3D=
VgjLuVcIF8s3DMSjAa6kMyaoPS94133hn460zh-7Z_gCb9caLazwC_1tRZ-3_30CMTADTu66WU8=
od8BkOuBrKQanj8bYAC_rfKwL3G6Ry2wTlR5laflK7Ni-OACaTs3lDQiKfg02XWhggdBJ5koUXe=
DFMDOQ-yivCGGRgGnFTZ0WNPxCQ2ozSL_-XjlEXIL2LQxkzDRizqmRZdVIH1IloSlFDQEzkEMfr=
ez25fYr91xxOXoDrbETHx5sgFMLhl2cOCEDSAHBRYOukEMAMyNnpr3FZxYMg6WR0gEJoQ2fHOEC=
eP1PAOB64uyEvASSSeVCQMKG0MH2Vw6q-x6W-QGB5kKJ6TzDF6ch4vsCLN_0xdw%253D/1/0100=
0186583f62a0-7b05e239-c863-47b6-ab6c-244aedcd092b-000000/TccWJox6gowg7MyXBW=
0KpHQyscls6xwXiP3rM16F2_g=3D288" target=3D"_blank" style=3D"text-decoration=
:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical=
-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/user=
s/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878=
e9689713/up-arrow.png" style=3D"height:12px;width:12px;margin:2px 0px 0px 0=
px;vertical-align:top;" height=3D"12" width=3D"12"/> </td> <td style=3D"pad=
ding:0;vertical-align:top;"> <div style=3D"text-align:left;margin:0px 0px 0=
px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Ethereum</strong></=
p> <p style=3D"margin:8px 0px;"> =C2=A31,407.12 </p> <p style=3D"margin:0;f=
ont-size:12px;"> +3.16% </p> </div> </td> </tr> </tbody> </table> </a> </td=
> <td style=3D"padding-top:40px;"> <a href=3D"https://comm.coinbase.com/CL0=
/https:%2F%2Flinks.coinbase.com%2Fa%2Fclick%3F_t=3D3aca56371967418192255878=
e9689713%26_m=3Db95eed02869a44bd9b0d2c74013b2ef2%26_e=3DVgjLuVcIF8s3DMSjAa6=
kMyaoPS94133hn460zh-7Z_hKxV0giflWAy29ciZptdBnjj5x2xsV__8x5SaPmeyd_uK8rrOnAH=
00Ez3s5J8LYMOrlNa6jpCSJm3DZwMYoQC-u_pOT5YO5meT3zCyBuzhGU7ecJzoxjXZyK0IPB4be=
3tUh-q9p_o-qNPOqDxualsudKq4hvQj1RVXhqGZOZzQlcCEBrAjdZYRkJT2cFft2hHl8eH0Yk25=
-WV7OHHsDz-jv9s7iQABpF_ijaKDB4z0x0CRl2zERSd_YFiCKmIOFlHvt3MYKT2ZoNhu0SrJ0mO=
OghQs-ChNEfvBhe3_koAEd3OKDkbi8iCmqopDXdAS6PQ%253D/1/01000186583f62a0-7b05e2=
39-c863-47b6-ab6c-244aedcd092b-000000/FxO1PepLgSku3S4z5ZU-U9BRjNM7IoaD6ryFn=
uAg1mQ=3D288" target=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D=
;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical-align:top;"> <img =
src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5=
713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.p=
ng" style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:t=
op;" height=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;vertical-ali=
gn:top;"> <div style=3D"text-align:left;margin:0px 0px 0px 10px;line-height=
:1;"> <p style=3D"margin:0;"><strong>Cardano</strong></p> <p style=3D"margi=
n:8px 0px;"> =C2=A30.34 </p> <p style=3D"margin:0;font-size:12px;"> +5.51% =
</p> </div> </td> </tr> </tbody> </table> </a> </td> </tr> <tr> <td style=
=3D"padding-top:20px;"> <a href=3D"https://comm.coinbase.com/CL0/https:%2F%=
2Flinks.coinbase.com%2Fa%2Fclick%3F_t=3D3aca56371967418192255878e9689713%26=
_m=3Db95eed02869a44bd9b0d2c74013b2ef2%26_e=3DVgjLuVcIF8s3DMSjAa6kMyaoPS9413=
3hn460zh-7Z_j4hTENleePmS-91gxTlC6hgodSr67nsf_KxEv-Q8z9HAC0tsM2zNrY4BZdLpouL=
C3Xkssdwuy8Y-KHSFrBylkdIc8Djv_xI09XYCEu6Zme8GIlNXpwn2XUbvqOSwCxm_l0l5gDI8o4=
vM4gBSPTQWXjcGcOU0Qz8wvLiuxndWI1QeSnXjUyP0OCe_jqxP9djzfcj850VMH0Pq6cAn94wQS=
isL_uTTauH2qfQ5xZFXXx01Ssq9TVBgQR3mc_-7NWGdiUx2q6meQ_Vy6nmwLxJKz7VZoPimaM8a=
x7JgiSHGp-9sMCLBvPxW34Geg5phtL9cQ%253D/1/01000186583f62a0-7b05e239-c863-47b=
6-ab6c-244aedcd092b-000000/50oa6dyqyxJREVV1ZxWYUy4AUbYerNDBwnQNBEtotus=3D28=
8" target=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <table>=
 <tbody> <tr> <td style=3D"padding:0;vertical-align:top;"> <img src=3D"http=
s://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46=
bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" style=
=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" heig=
ht=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;vertical-align:top;">=
 <div style=3D"text-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p =
style=3D"margin:0;"><strong>Dogecoin</strong></p> <p style=3D"margin:8px 0p=
x;"> =C2=A30.07 </p> <p style=3D"margin:0;font-size:12px;"> +1.91% </p> </d=
iv> </td> </tr> </tbody> </table> </a> </td> <td style=3D"padding-top:20px;=
"> <a href=3D"https://comm.coinbase.com/CL0/https:%2F%2Flinks.coinbase.com%=
2Fa%2Fclick%3F_t=3D3aca56371967418192255878e9689713%26_m=3Db95eed02869a44bd=
9b0d2c74013b2ef2%26_e=3DVgjLuVcIF8s3DMSjAa6kMyaoPS94133hn460zh-7Z_hy9O1f-W1=
Y077adBo3lwwcb8OgJgDJfrnq3bDtlh1LlZ0EpgdfzaW8GIEWqqI9TFxWgVFSpk5r2OrJl7jkW_=
TAcImCO5Iils_TgGMyC9RBI9A5s-0hIi0CU3Ibt9wCQw3k4c_msOiLIKWeeNx1k5x3Mp8meU7fp=
a-X4wZu6oU1CseHUmFIxDwlmmOvf52BZcciMRanjDhS3rrUEkz69WaT3jKKULDr7fQGzZVikjOS=
INyIV1VY_QScMpFVIf4jtJ-0N381nCphgfFX8V7pfaJpf7oqIwcuHqyUm9iSRX09q19dqEK6Xtq=
q8xs-_2pTeHI%253D/1/01000186583f62a0-7b05e239-c863-47b6-ab6c-244aedcd092b-0=
00000/LJ4CYemU8CciHrul1e-iWUaAbloq7TCf0CRzZqX3pDE=3D288" target=3D"_blank" =
style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td sty=
le=3D"padding:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cl=
oudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/=
3aca56371967418192255878e9689713/up-arrow.png" style=3D"height:12px;width:1=
2px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"12" width=3D"12"/=
> </td> <td style=3D"padding:0;vertical-align:top;"> <div style=3D"text-ali=
gn:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><st=
rong>Polygon</strong></p> <p style=3D"margin:8px 0px;"> =C2=A31.12 </p> <p =
style=3D"margin:0;font-size:12px;"> +7.36% </p> </div> </td> </tr> </tbody>=
 </table> </a> </td> <td style=3D"padding-top:20px;"> <a href=3D"https://co=
mm.coinbase.com/CL0/https:%2F%2Flinks.coinbase.com%2Fa%2Fclick%3F_t=3D3aca5=
6371967418192255878e9689713%26_m=3Db95eed02869a44bd9b0d2c74013b2ef2%26_e=3D=
VgjLuVcIF8s3DMSjAa6kMyaoPS94133hn460zh-7Z_ggTmEUbuLiH1w1jWzXV7RwzG8FkfxwWr6=
aIX1ilMEFo-TtxX052ssxMb_3mmY9jW2zAI3NhXw5iTkRfM7vt7XlNWY1xNhbwLmw2r5-QQV412=
6pjO2h9R--PzyQwiEZvZITgx5M-rbRxlGyY2hJVcImmDtQLsp0zNJml1DNt3qs5RQ50bCQIyWgW=
ISXXUpaSZXj37v3twuk6v-bycABtrN0iegtrAJ9MkYUFnjF4VFrsWR1V7gusVO2VUrAjMbVC3sL=
nh7BX-CJNRQftvCsnGtPOysCiaAxCJjHbaCpy4k7eLeHOchKfHVEmPNWOEKlCOA%253D/1/0100=
0186583f62a0-7b05e239-c863-47b6-ab6c-244aedcd092b-000000/KlEIU4MZnWTC2siOeZ=
X55T6mphUOTvH0gKpYlTTjAjw=3D288" target=3D"_blank" style=3D"text-decoration=
:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical=
-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/user=
s/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878=
e9689713/up-arrow.png" style=3D"height:12px;width:12px;margin:2px 0px 0px 0=
px;vertical-align:top;" height=3D"12" width=3D"12"/> </td> <td style=3D"pad=
ding:0;vertical-align:top;"> <div style=3D"text-align:left;margin:0px 0px 0=
px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Solana</strong></p>=
 <p style=3D"margin:8px 0px;"> =C2=A319.85 </p> <p style=3D"margin:0;font-s=
ize:12px;"> +6.15% </p> </div> </td> </tr> </tbody> </table> </a> </td> </t=
r> </tbody> </table> </div><p style=3D"margin: 20px 0px 0px; line-height: 1=
.5; word-break: break-word; color: rgb(91, 97, 110); font-size: 12px;">Pric=
e changes are for the past week, ending on Feb 16, 2023 at 02:39 AM UTC</p>=
<div class=3D"cta_button" style=3D"margin: 24px 0px 0px; padding: 0px; widt=
h: 50%;"><!--[if mso]><table width=3D"100%" cellpadding=3D"0" cellspacing=
=3D"0" border=3D"0" style=3D"border-spacing:0;border-collapse:collapse;mso-=
table-lspace:0pt;mso-table-rspace:0pt;"><tr><td style=3D"padding:0;" align=
=3D"left"> <v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=
=3D"urn:schemas-microsoft-com:office:word" href=3D"https://links.coinbase.c=
om/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Db95eed02869a44bd9b0d2=
c74013b2ef2&_e=3DVgjLuVcIF8s3DMSjAa6kMyFs7mp-4H6bZqBhCZjCwVoPU0f2zjBuCmbDGO=
TzhmQgp-RI4s5M6Umh2B3aowXwlIvc3-aTBQAYt_JRB1xcXmwCBHMzEb5I6_PbUuGXGlSuDQMUX=
njzDIyMGqwFHJl1T8mjYLutwzB45bB4q4-IJJV10hIzAS--Jn_l3PRz3xuqzBt3c5jKE9UC7E0e=
01NAJEmF9MmUcZJpileSZ06hQFANnluZHA-lLi1tLtT5Z6V-d2JKsxkm1K7wBQTPlo_xM3iPpRS=
YB0GsQ5smYLUj3ju-_batniUnGjhzppAzKq9Bw9f1tb2zsZDEuai5UeJRTg%3D%3D" style=3D=
"width:350pt;v-text-anchor:middle;" arcsize=3D"17%" stroke=3D"false" fillco=
lor=3D"#0052ff"> <w:anchorlock/><v:textbox inset=3D"0,0,0,0"><center style=
=3D"font-family: Helvetica Neue, Helvetica, Arial, sans-serif;"><![endif]--=
><a href=3D"https://comm.coinbase.com/CL0/https:%2F%2Flinks.coinbase.com%2F=
a%2Fclick%3F_t=3D3aca56371967418192255878e9689713%26_m=3Db95eed02869a44bd9b=
0d2c74013b2ef2%26_e=3DVgjLuVcIF8s3DMSjAa6kMyFs7mp-4H6bZqBhCZjCwVoPU0f2zjBuC=
mbDGOTzhmQgp-RI4s5M6Umh2B3aowXwlIvc3-aTBQAYt_JRB1xcXmwCBHMzEb5I6_PbUuGXGlSu=
DQMUXnjzDIyMGqwFHJl1TxyHU5EdCzPa5-YBWetNqO4epymNc8VeG5lrYiTu_qabYVGGXtbwNp8=
sCcZKa9fgJQn1wAkLMoYkp8KNuoTmOPtU9yfEzGYhsZwyyc2FxUA6o95EGte0xGBEasj-TamATK=
FQFVHNA8avj460SpMsuPFWtCl4P-m_ZR4Dyy_S40YBM83Jc71eeocjEauuiNu2qA%253D%253D/=
1/01000186583f62a0-7b05e239-c863-47b6-ab6c-244aedcd092b-000000/HfwUNg5So06u=
sIW9cfYS7BD1T2dq8mR1kU_nHW_BXmU=3D288" target=3D"_blank" rel=3D"noopener no=
referrer" style=3D"display: block; margin: 0px; line-height: 1.2; font-size=
: 16px; text-decoration: none; color: rgb(255, 255, 255); background-color:=
 rgb(0, 82, 255); border-radius: 30px; text-align: center; padding: 18px 0p=
x;"><strong>See the latest prices</strong></a><!--[if mso]></center></v:tex=
tbox></v:roundrect></td></tr></table><![endif]--></div><table width=3D"100%=
" role=3D"presentation" style=3D"table-layout: fixed; vertical-align: top; =
border-spacing: 0px; border-collapse: collapse; min-width: 100%; text-size-=
adjust: 100%;"><tbody><tr style=3D"vertical-align: top;"><td valign=3D"top"=
 style=3D"word-break: break-word; vertical-align: top; min-width: 100%; tex=
t-size-adjust: 100%; padding: 48px 0px;"><table border=3D"0" cellpadding=3D=
"0" cellspacing=3D"0" width=3D"100%" align=3D"center" role=3D"presentation"=
 style=3D"table-layout: fixed; vertical-align: top; border-spacing: 0px; bo=
rder-collapse: collapse; border-top: 2px solid rgb(222, 224, 226); width: 1=
00%;"><tbody><tr style=3D"vertical-align: top;"><td valign=3D"top" style=3D=
"word-break: break-word; vertical-align: top; text-size-adjust: 100%;"><spa=
n></span></td></tr></tbody></table></td></tr></tbody></table><div><table st=
yle=3D"margin: 0px; padding: 0px;"><tbody><tr><td style=3D"margin: 0px; pad=
ding-right: 11px; vertical-align: middle;"><img src=3D"https://d15k2d11r6t6=
rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6=
dd6a/3aca56371967418192255878e9689713/dot-1.5x.png" width=3D"12" height=3D"=
12" style=3D"display: block; width: 12px; height: 12px;"></td><td style=3D"=
margin: 0px; padding: 0px; vertical-align: middle;"><p style=3D"margin: 0px=
; font-size: 16px; letter-spacing: 0.075em;"><strong> SECURE THE BAG </stro=
ng></p></td></tr></tbody></table><p style=3D"margin: 5px 0px 0px; font-size=
: 32px; line-height: 1.26; word-break: break-word;"><strong>How Birkin Bag =
NFTs prompted a First Amendment debate about art in the crypto era</strong>=
</p></div><p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: b=
reak-word;">When is NFT art =E2=80=A6 legally art? That was the question at=
 the center of a lawsuit brought by luxury fashion brand Herm=C3=A8s, the m=
aker of the prestigious <a href=3D"https://comm.coinbase.com/CL0/https:%2F%=
2Flinks.coinbase.com%2Fu%2Fclick%3F_t=3D3aca56371967418192255878e9689713%26=
_m=3Db95eed02869a44bd9b0d2c74013b2ef2%26_e=3DVgjLuVcIF8s3DMSjAa6kMwrn-Tsi_X=
m2jW6Ozvc7EItJK9tt9MTVokoLWm1kHfub06lAnlRWC2hWRZz75qO8liXaDo3xM1jqRfLZCH4o8=
ElZsbfUEXnozlx8rXS8BCfQXaTfKSvC1dF6vYrTVewWaYQzvERgpBN_XifHKhSc22t4oiElmgUp=
_Lu0nCZYIpHNBE8SBH2v8pb-lW_PgJj3Ogf5oV4JVhfPiU_wLnvlOWJNIOdC48NigLZg045laVl=
rWZopcVbbYKXyfM3XxmQJccZLBVqQdss6N5cPvp8h9c6Co-1mvp4ElXFktn67rxk3QTRL2Y7q8m=
eBfEqkbsws6KGCTMEEzO39QtaBkLrPY-4%253D/1/01000186583f62a0-7b05e239-c863-47b=
6-ab6c-244aedcd092b-000000/njudu40wp5qlQBlby9eX9Iq5bAQ5Y8_lXoNtM3YEFmc=3D28=
8" target=3D"_blank" rel=3D"noopener noreferrer">Birkin Bag</a>, against di=
gital artist Mason Rothschild and his buzzy, unaffiliated <a href=3D"https:=
//comm.coinbase.com/CL0/https:%2F%2Flinks.coinbase.com%2Fu%2Fclick%3F_t=3D3=
aca56371967418192255878e9689713%26_m=3Db95eed02869a44bd9b0d2c74013b2ef2%26_=
e=3DVgjLuVcIF8s3DMSjAa6kM2N7EuHyygyZePMfe0Cy1VceOKQ543F0Xwam9W3f2lh_gf_NFlv=
H-liLVSs8pqD2c5lpHElxsz78cYrj0WT1xcmv7flsMT_nqDDTpKW1WBIFcLImbxS8jwSXmxknV0=
4BsoGjgwlPlKFLrvBBxRgpHGtLzhcQrbkb5_cxhGKgX4EMRiQSVuFAw24ux6-5MoK2Z_HPQAlzC=
mMXfN2aapXjb0L4oTVtMjg2bfwvWIklzxbhZqg38U9c9BnFh4bxOo2ZxaIh7zgAxQtpWN830uf3=
y9fyJTU92mH09XbusscQGeThJzp4ITS4UvouaT_yc-iq3cFANdgkH7PsYjAqDWMGZpY%253D/1/=
01000186583f62a0-7b05e239-c863-47b6-ab6c-244aedcd092b-000000/a8m74wLzi-n6gc=
yZi9EGvT0DvvFzsqn4jP7yuN7DenA=3D288" target=3D"_blank" rel=3D"noopener nore=
ferrer">MetaBirkins</a> NFT collection, which consists of eccentric, digita=
l versions of the namesake accessory.</p><p style=3D"margin: 16px 0px 0px; =
line-height: 1.6; word-break: break-word;">Last Wednesday, a federal jury i=
n Manhattan determined that the NFT collection violated Herm=C3=A8s=E2=80=
=99 trademark rights, awarded the company $133,000 in damages, and introduc=
ed uncertainty into the still-nascent NFT creator economy by ruling that Ro=
thschild=E2=80=99s NFTs were not protected speech.&nbsp;</p><p style=3D"mar=
gin: 16px 0px 0px; line-height: 1.6; word-break: break-word;">This lawsuit =
raised eyebrows across art and crypto communities alike, as creators, buyer=
s, and brands all debated what constitutes artistic expression in the age o=
f the NFT. Let=E2=80=99s take a closer look.</p><p style=3D"margin: 16px 0p=
x 0px; line-height: 1.6; word-break: break-word;"><strong>What are MetaBirk=
in NFTs?</strong></p><!--[if mso]><ul style=3D"line-height:1.6;mso-line-hei=
ght-alt:26px;"><![endif]--><!--[if !mso]><!-- --><ul style=3D"margin: 10px =
0px 0px; padding-left: 24px; line-height: 1.6;"><!--<![endif]--><li style=
=3D"margin: 0px; padding: 6px 0px;">Created by designer Mason Rothschild in=
 2021, MetaBirkin NFTs are digitally reimagined versions =E2=80=94 often fu=
r covered, and vividly dyed =E2=80=94 of the iconic Birkin Bag, a luxury st=
atus symbol that often retails for tens of thousands of dollars.&nbsp;</li>=
<li style=3D"margin: 0px; padding: 6px 0px;">Rothschild sold 100 NFTs for $=
450 each, and he received 75% of secondary sales, netting about $125,000.</=
li><li style=3D"margin: 0px; padding: 6px 0px;">He described his MetaBirkin=
 NFTs as an =E2=80=9Cironic nod=E2=80=9D to the elite purse.</li></ul><p st=
yle=3D"margin: 0px; padding: 0px;"></p><p style=3D"margin: 16px 0px 0px; li=
ne-height: 1.6; word-break: break-word;"><strong>Why did Herm=C3=A8s sue Ro=
thschild for his NFT collection?</strong></p><!--[if mso]><ul style=3D"line=
-height:1.6;mso-line-height-alt:26px;"><![endif]--><!--[if !mso]><!-- --><u=
l style=3D"margin: 10px 0px 0px; padding-left: 24px; line-height: 1.6;"><!-=
-<![endif]--><li style=3D"margin: 0px; padding: 6px 0px;">The Birkin parent=
 company claimed its trademark was being diluted and that customers might m=
istakenly purchase unaffiliated digital goods.</li><li style=3D"margin: 0px=
; padding: 6px 0px;">A Herm=C3=A8s lawyer <a href=3D"https://comm.coinbase.=
com/CL0/https:%2F%2Flinks.coinbase.com%2Fu%2Fclick%3F_t=3D3aca5637196741819=
2255878e9689713%26_m=3Db95eed02869a44bd9b0d2c74013b2ef2%26_e=3DVgjLuVcIF8s3=
DMSjAa6kM99su8O1kvnwlaRBMX3WrSpIUyuHuFXwvY5DxoDO9Dqa7RljgRVss8qg2147S0Bo2sw=
RzyplSilr2Ax_w-PEiOxQsjf5xuYpjy0DQWlXnqcfPUNRIcuzs489s7QH34_0gXGJvvpchMz8Ce=
a1VqmAzD2cXtnuSR-UMmyPCfpguYuIvjq_VUlDBqM3tt8byhtuwT-GOydgjvVVvlf25OvlwgOvx=
2TqPrK_I0nNDAitvmoe8pIGslo_ArldGz1_yU9Cwkh8M0SECvTo7vL42iV11wH-m9ZJLoApb8SO=
W9ktqU5ETEUjLRNaEs3h7Gww-RIiodF8ysUjW3fpD13k1Ydff0qxb7mYs6KIcXrmye1YVq7A2tI=
w5o1gnzigNGDsnVfhFQ%253D%253D/1/01000186583f62a0-7b05e239-c863-47b6-ab6c-24=
4aedcd092b-000000/_JlU2596YPg3mGKeI_G2xtHYXbXnBFSYt3nHLafE5cA=3D288" target=
=3D"_blank" rel=3D"noopener noreferrer">argued</a> =E2=80=9Cthe reason for =
[MetaBirkin] sales was the Birkin name,=E2=80=9D and alleged Rothschild had=
 monetary, not artistic, motivations, pointing to a text in which he asked =
influencers to =E2=80=9Cdo one more shill post=E2=80=9D to boost demand.</l=
i></ul><p style=3D"margin: 0px; padding: 0px;"></p><p style=3D"margin: 16px=
 0px 0px; line-height: 1.6; word-break: break-word;"><strong>What was Roths=
child=E2=80=99s legal defense?</strong></p><!--[if mso]><ul style=3D"line-h=
eight:1.6;mso-line-height-alt:26px;"><![endif]--><!--[if !mso]><!-- --><ul =
style=3D"margin: 10px 0px 0px; padding-left: 24px; line-height: 1.6;"><!--<=
![endif]--><li style=3D"margin: 0px; padding: 6px 0px;">Rothschild=E2=80=99=
s lawyer described him as =E2=80=9Ca conceptual artist=E2=80=9D and argued =
that his MetaBirkin NFTs were art that was protected under the First Amendm=
ent as free speech. He also noted that the NFT collection explored Birkins =
as a =E2=80=9Ccultural symbol of rarefied wealth and status.=E2=80=9D</li><=
/ul><p style=3D"margin: 0px; padding: 0px;"></p><p style=3D"margin: 16px 0p=
x 0px; line-height: 1.6; word-break: break-word;"><strong>Why did the jury =
side with Herm=C3=A8s, and how did Rothschild respond?&nbsp;</strong></p><!=
--[if mso]><ul style=3D"line-height:1.6;mso-line-height-alt:26px;"><![endif=
]--><!--[if !mso]><!-- --><ul style=3D"margin: 10px 0px 0px; padding-left: =
24px; line-height: 1.6;"><!--<![endif]--><li style=3D"margin: 0px; padding:=
 6px 0px;">The nine-member jury decided that MetaBirkins were more akin to =
commodities =E2=80=94 which are subject to strict trademark laws to prevent=
 counterfeiting =E2=80=94 and less like artwork where appropriation is prot=
ected, such as with Andy Warhol=E2=80=99s =E2=80=9CCampbell=E2=80=99s Soup =
Can=E2=80=9D series from 1961.</li><li style=3D"margin: 0px; padding: 6px 0=
px;">Rothschild's lawyer said it was a =E2=80=9Cgreat day for big brands an=
d a terrible day for the First Amendment.=E2=80=9D In an interview with <a =
href=3D"https://comm.coinbase.com/CL0/https:%2F%2Flinks.coinbase.com%2Fu%2F=
click%3F_t=3D3aca56371967418192255878e9689713%26_m=3Db95eed02869a44bd9b0d2c=
74013b2ef2%26_e=3DVgjLuVcIF8s3DMSjAa6kM-15e_WkmAmpJ9U__HRzVvA5PRh0jnR0hann6=
GDbRL5qBzC_xK17BfqBh06pGRgc_Sa2MFoDhCn7z4x3192CtAQOtHyp03BYKc2bfWUS5tPOVQVw=
eEdtuCBPtPgD1aYmKrXV2nqvacSVGpo4DxaFDZGqKXCF_LghhfonTX3Rw38WQV1-R_ZgkqNEsNn=
iO7U00fcMKOfFh5Ty1K3RUxYoNXWkBKHXpRYW9WBsuCtCIfRRxd1i-AFlsmpv5WRXVlGsj2Qrh4=
23y5IVRE9pnzDlM5GxBfttureLopLy31KlANTM2_xMhgo9JYFzdTlTfyatRlSD5EB4lBFgWBMX5=
lCh2YOSx4y4oMMIhNPbj0rjfd4l9k_ZGCFY69kTPKURJdZF7qod4OV_Q2WOsJzDo1QQQeC_aTzn=
GnAFmz5m4XFzD9WrZ2tug2btvznYsSRJm9saT3OV-BG3xI2PApK76T4AQduBM31Ac0drDkyoUwj=
qK6m_/1/01000186583f62a0-7b05e239-c863-47b6-ab6c-244aedcd092b-000000/a-7W1d=
quJ21SZH2oRz-7TkHZxQzM_1roKZi-8Z-1X4c=3D288" target=3D"_blank" rel=3D"noope=
ner noreferrer">Forbes</a>, he also criticized H=C3=A8rmes for claiming to =
value art =E2=80=9Cbut feel[ing] they have the right to choose what art IS =
and who IS an artist.=E2=80=9D</li><li style=3D"margin: 0px; padding: 6px 0=
px;">In a statement, Rothschild said what =E2=80=9Chappened today was wrong=
 =E2=80=A6 and will continue to happen if we don=E2=80=99t =E2=80=A6 fight.=
=E2=80=9D&nbsp;</li></ul><p style=3D"margin: 0px; padding: 0px;"></p><p sty=
le=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;"><str=
ong>Why does it matter and what could it mean for the future of NFTs?</stro=
ng></p><p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: brea=
k-word;">While <a href=3D"https://comm.coinbase.com/CL0/https:%2F%2Flinks.c=
oinbase.com%2Fu%2Fclick%3F_t=3D3aca56371967418192255878e9689713%26_m=3Db95e=
ed02869a44bd9b0d2c74013b2ef2%26_e=3DVgjLuVcIF8s3DMSjAa6kM2pOdGSJjE1Fz45u7O9=
YmssC6dMN-H8fvmi5vxjElutFuaijPahH1hVyjETxIpQSg8IpxECrfzoA6FFIATRHUy4u6cTZTQ=
IfNtJ35FGhlLOB8BmINUT66aZcMKUdTXXPxY0bZuz4kqxl7_9ra8UA40rGIRBwsAfK5FJS9ivFH=
QJQwOBhlmy2-9GwhepP1RDH3A3HJ9K9kLlZzV2IPaPZ7YVdo5PsHaV8crmv7fEQ9vrEbUcdRFE-=
HAvCnzl8d2LosHOQ8M3NlLlGWqBSjCQ0UejznUgxYXdx0To6aHfjMHg-siyCjNl81SpGheranYc=
T6BO4eQbdFUgsPsxWmEFvVSQzVrUYDqeszlwK6SH2szUq/1/01000186583f62a0-7b05e239-c=
863-47b6-ab6c-244aedcd092b-000000/_viBXHVMx6jfGUoJiQlV-sF2pBrQ4JhDJmo_O2PQZ=
tE=3D288" target=3D"_blank" rel=3D"noopener noreferrer">crypto Twitter</a> =
sounds off about what this case could mean for NFTs and creators, it=E2=80=
=99s important to note that the verdict in one of the first-ever NFT-relate=
d trademark cases was specifically about one instance of trademark infringe=
ment and not a broad ruling about NFTs in general. The lawsuit <i>does </i>=
raise plenty of questions though: Who gets to decide the artistic merits of=
 NFT collections? Will we need to legally categorize different kinds of NFT=
s? What if Andy Warhol=E2=80=99s iconic Campbell=E2=80=99s Soup pieces had =
been issued on the blockchain? </p><p style=3D"margin: 16px 0px 0px; line-h=
eight: 1.6; word-break: break-word;">NFTs remain an emerging technology tha=
t exists at the intersection of art and practical use cases =E2=80=94 take =
Super Bowl MVP Rihanna, who recently sold =E2=80=9CB*ich Better Have My Mon=
ey=E2=80=9D <a href=3D"https://comm.coinbase.com/CL0/https:%2F%2Flinks.coin=
base.com%2Fu%2Fclick%3F_t=3D3aca56371967418192255878e9689713%26_m=3Db95eed0=
2869a44bd9b0d2c74013b2ef2%26_e=3DVgjLuVcIF8s3DMSjAa6kM0hf3boF4PmSFqXGlrXblA=
AjBvgTWcA3udeKJ9JHvLJINLzxMKalaJQwS8Kaf_JXSi_-Nq96wMoZe7EMtC7fOagcAd6xKynDK=
kPGAdVikezrhiClcmZk3wvMEPI4YSiuKscrqE-15VSu4GSk1GvsmiVbhDyfnY7J-4o4dQeqlqQ7=
9x3nZiXzjqyTM4CWfxA7LTUAmlHkMuR10IGP9ggs2vzCs3Ybu_Ne8Mjh2dKeJhcmhONPNPreKdq=
vpYwDMQHQrxUW3non6WS8wFb6BLEdqFgQfum8NslmbAZIrXT57ITBL4gjtf20etbQckgn_tLvtd=
tLDC2699Rf5-Yd31yorfyf400ybNuIT6xL8jisS3qVN2cxlZn1l9tzICdB6XHjsKObBjV3q7RBj=
BlRJbSGEwQ%253D/1/01000186583f62a0-7b05e239-c863-47b6-ab6c-244aedcd092b-000=
000/tBSa7hts4y_fLFFN9Pp4PDUrrkaeneyhopyqARmLcmM=3D288" target=3D"_blank" re=
l=3D"noopener noreferrer">royalties</a> as NFTs =E2=80=94 so legal framewor=
ks, with any luck, will evolve alongside the tech.&nbsp;</p><div class=3D"c=
ta_button" style=3D"margin: 24px 0px 0px; padding: 0px; width: 50%;"><!--[i=
f mso]><table width=3D"100%" cellpadding=3D"0" cellspacing=3D"0" border=3D"=
0" style=3D"border-spacing:0;border-collapse:collapse;mso-table-lspace:0pt;=
mso-table-rspace:0pt;"><tr><td style=3D"padding:0;" align=3D"left"> <v:roun=
drect xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=3D"urn:schemas-micr=
osoft-com:office:word" href=3D"https://links.coinbase.com/a/click?_t=3D3aca=
56371967418192255878e9689713&_m=3Db95eed02869a44bd9b0d2c74013b2ef2&_e=3DVgj=
LuVcIF8s3DMSjAa6kMyFs7mp-4H6bZqBhCZjCwVrIg5u3GUrApbPfr6u6QO5hexC5leC_nL80Ke=
0GRKl6SwNaZDMHclVcUc4Kf7ktEnW6jrscBQfsEpB8hcQyIS8WrMxHcAUEf5ulk87AjJMV56cHn=
nUHZr-zsrONv6fTOsXs229LIAbiM2BJICSTo0koeyMB9k-tM9bxmQCTw4iaeq4zyDaPM6wfFkzA=
1e2pzrWHj32_EY-il3yrKFx418N-DSG92juVXSDNI5ohX51zZkk2R3_63yfIoGr2nid77O2ySGy=
DhqRuYqcV8LDQT0B7E3Pb2UNUwLg9M4_kk0SH3GerzGXSNE1VvKBt3ezax_oNDWYhf6QEpdXfQb=
h0nnGGKf7AKPZiFPh-nDzP9Qr2VQ%3D%3D" style=3D"width:350pt;v-text-anchor:midd=
le;" arcsize=3D"17%" stroke=3D"false" fillcolor=3D"#0052ff"> <w:anchorlock/=
><v:textbox inset=3D"0,0,0,0"><center style=3D"font-family: Helvetica Neue,=
 Helvetica, Arial, sans-serif;"><![endif]--><a href=3D"https://comm.coinbas=
e.com/CL0/https:%2F%2Flinks.coinbase.com%2Fa%2Fclick%3F_t=3D3aca56371967418=
192255878e9689713%26_m=3Db95eed02869a44bd9b0d2c74013b2ef2%26_e=3DVgjLuVcIF8=
s3DMSjAa6kMyFs7mp-4H6bZqBhCZjCwVrIg5u3GUrApbPfr6u6QO5hexC5leC_nL80Ke0GRKl6S=
wNaZDMHclVcUc4Kf7ktEnW6jrscBQfsEpB8hcQyIS8WrMxHcAUEf5ulk87AjJMV56cHnnUHZr-z=
srONv6fTOsXs229LIAbiM2BJICSTo0koeyMB9k-tM9bxmQCTw4iaeoU945gYN2cNgzMe7oLSys5=
h_ajPVNyS-1njT3mJHMv55-jYJ3P7h2jElJPZKndMPtZL76eNdNB680IHTToN-ZpimFz68WKmEE=
M2pB55Rsy7b6iZxj44T-xgkr8WK5ITtAd4VLf1bY4Q8x4_INcA0v6Gr0-NLa73GlXfaeewFPhe-=
KQ1wmw9O-EIAlE4mrpCLg%253D%253D/1/01000186583f62a0-7b05e239-c863-47b6-ab6c-=
244aedcd092b-000000/mARgFgQxMJJu1VDEg33kjDNToIQRpHwi2DvSmo6TUXs=3D288" targ=
et=3D"_blank" rel=3D"noopener noreferrer" style=3D"display: block; margin: =
0px; line-height: 1.2; font-size: 16px; text-decoration: none; color: rgb(2=
55, 255, 255); background-color: rgb(0, 82, 255); border-radius: 30px; text=
-align: center; padding: 18px 0px;"><strong>Brush up on NFTs</strong></a><!=
--[if mso]></center></v:textbox></v:roundrect></td></tr></table><![endif]--=
></div><a href=3D"https://comm.coinbase.com/CL0/https:%2F%2Flinks.coinbase.=
com%2Fa%2Fclick%3F_t=3D3aca56371967418192255878e9689713%26_m=3Db95eed02869a=
44bd9b0d2c74013b2ef2%26_e=3DVgjLuVcIF8s3DMSjAa6kMyFs7mp-4H6bZqBhCZjCwVruWb-=
IW9fCTHzHvHySn4nqbf-hfJxnD1MyNq3JmQt5MrI3IQFQPCoEyd-EXLrxXkAsWbDEt64LYtcjos=
EWTyeWY86eU6xufOZ7_1K9xgCIs03fEOOsbNuiFNXuyQZXjCngwWUVl9phZVwd-GVWvlkDKISyE=
1KidxUOjGkD3ML7vBZcxaSB7DwUAZIKTMxovI6ibfYlEQyKEgG2Jt86HLGpWsZsNkP_2s7-SCIL=
BsYy617szvgFHMVHLibzmSfrdaIxyPBxSUH-Lx5AM6nNPiidRgbGh9uAHIBkAQa5o7rIgg%253D=
%253D/1/01000186583f62a0-7b05e239-c863-47b6-ab6c-244aedcd092b-000000/Xvywu4=
1QQTz8ii1xuVSfdBikXjt6IEda3SkVNfMKEKc=3D288" target=3D"_blank" rel=3D"noope=
ner noreferrer"><!--[if !mso]><!-- --><div class=3D"desktop_hide" style=3D"=
display: none; max-height: 0px; overflow: hidden;"><img src=3D"https://imag=
es.ctfassets.net/q5ulk4bp65r7/4SMgNFv6uD1SBBmXQ4ubhW/9a5651782a0eb04408f478=
a8a5645089/coinbase_getpaidtolearn_bytes_650x488px.jpg" width=3D"100%" styl=
e=3D"display: block; width: 100%; margin: 64px 0px;"></div><!--<![endif]-->=
<div class=3D"mobile_hide"><img src=3D"https://images.ctfassets.net/q5ulk4b=
p65r7/4TOHHt4CjhC3DiUK3UdmYs/e216c453cd8f2522b5e633c3d2f4722d/coinbase_getp=
aidtolearn_bytes_1060x408px.jpg" width=3D"100%" style=3D"display: block; wi=
dth: 100%; margin: 64px 0px;"></div></a><div><table style=3D"margin: 0px; p=
adding: 0px;"><tbody><tr><td style=3D"margin: 0px; padding-right: 11px; ver=
tical-align: middle;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/pub=
lic/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca563719674181=
92255878e9689713/dot-1.5x.png" width=3D"12" height=3D"12" style=3D"display:=
 block; width: 12px; height: 12px;"></td><td style=3D"margin: 0px; padding:=
 0px; vertical-align: middle;"><p style=3D"margin: 0px; font-size: 16px; le=
tter-spacing: 0.075em;"><strong> KRAK DOWN </strong></p></td></tr></tbody><=
/table><p style=3D"margin: 5px 0px 0px; font-size: 32px; line-height: 1.26;=
 word-break: break-word;"><strong>Crypto Industry responds to SEC=E2=80=99s=
 staking enforcement against Kraken</strong></p></div><p style=3D"margin: 1=
6px 0px 0px; line-height: 1.6; word-break: break-word;">Last week, the Secu=
rities and Exchange Commission announced that the U.S.-based crypto exchang=
e Kraken had agreed to pay the agency a $30 million fine for <a href=3D"htt=
ps://comm.coinbase.com/CL0/https:%2F%2Flinks.coinbase.com%2Fu%2Fclick%3F_t=
=3D3aca56371967418192255878e9689713%26_m=3Db95eed02869a44bd9b0d2c74013b2ef2=
%26_e=3DVgjLuVcIF8s3DMSjAa6kM7SFmJL--wItVWoTXusc1sJsLMEwb8d6thox3CWFdra3stB=
4XDjgsx8C_65lnG3ANPsFOQzawZwA5UEN4HwmqIQGXIGVoBUwN_pDyZoavX1ECDST1wrBwBmzn7=
Sbf1b6II2Sa-A_X_0-Tw8rds-mqGSpd-a-STj9mJtDIoMblQjnwiYwkXzMkt3r3RaFV1Zy30JaQ=
brRKktd8iQnXsTe0oLTberzmKGHhv4NRDsD1yqtHTUidFg00pZY-gbcyhvcMrs1wHB0oHcYxtZk=
DUVeSc4HjRIyQNqNSqTA_zUsOIiskJJKhqUGBc-qbXV07QC0fYQ4WqqtIH5erf1kCTPkshvADlc=
XSGq2q1tJRm94dpbaCQhMNNdF5TEvhtCV07EUj3TGBmxMc8On1qced8pKqCimHi7CQ4u_lRClBs=
QN6qUBMz_okwFjwOl8gQWajWWkuQ%253D%253D/1/01000186583f62a0-7b05e239-c863-47b=
6-ab6c-244aedcd092b-000000/raafuDwSSjdvLVQyeQV5bBmRPgnPhuOxfEdFW43a6LY=3D28=
8" target=3D"_blank" rel=3D"noopener noreferrer">allegedly</a> violating se=
curities laws related to its crypto-asset staking service. As part of the a=
greement, Kraken also agreed to cease its staking program for U.S. users.&n=
bsp;</p><p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: bre=
ak-word;">The news of this settlement from the SEC, and its potential impac=
t on the industry, generated strong responses not only from key figures in =
crypto, but also those in government. (For more background on this issue, r=
ead Coinbase Chief Legal Officer Paul Grewal=E2=80=99s <a href=3D"https://c=
omm.coinbase.com/CL0/https:%2F%2Flinks.coinbase.com%2Fa%2Fclick%3F_t=3D3aca=
56371967418192255878e9689713%26_m=3Db95eed02869a44bd9b0d2c74013b2ef2%26_e=
=3DVgjLuVcIF8s3DMSjAa6kMyFs7mp-4H6bZqBhCZjCwVqMWDrmeuhpzY_6_eEytPT-ATasPsTt=
GXM9FXsnyZZNxwrMEuzTDo6a8MtxNzsZAF9BchKNbLGVyoZsmPtOG4AjatLSwCfrJbbs7mGaZNC=
eNuWQkqvJ_QDKrN-v8RF4dg8tJATYAFSVnaozh_910Hi2UaBtw7AaHE2DI53Wy9iycjW4x2RWKq=
g9lVcfu58__MPhBhedUQwQMBlvo0-xQFx_HLpW-1G4EVGcMHpW7JkNPM_-1yxAQ2Gsv8pcXq5LU=
reO2yV738MkVjmegdpj-rgFllSOMIO09_pZTOEFqnLMIq_KpUGwgIBfJrODGLmUk-xwyGAF6sAb=
4vD3n5uIs1bZXTaC8ZPlMQ83lpLmtI5MCQ%253D%253D/1/01000186583f62a0-7b05e239-c8=
63-47b6-ab6c-244aedcd092b-000000/HSdVToLIpNFAE7w7SiMxxxvRAFrjyDGkityI6dej51=
A=3D288" target=3D"_blank" rel=3D"noopener noreferrer">blog post</a> explai=
ning why =E2=80=9Cstaking is not a security under the US Securities Act.=E2=
=80=9D)</p><p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: =
break-word;">Here is some of the notable commentary:</p><!--[if mso]><ul st=
yle=3D"line-height:1.6;mso-line-height-alt:26px;"><![endif]--><!--[if !mso]=
><!-- --><ul style=3D"margin: 10px 0px 0px; padding-left: 24px; line-height=
: 1.6;"><!--<![endif]--><li style=3D"margin: 0px; padding: 6px 0px;"><stron=
g>Coinbase CEO Brian Armstrong </strong><a href=3D"https://comm.coinbase.co=
m/CL0/https:%2F%2Flinks.coinbase.com%2Fu%2Fclick%3F_t=3D3aca563719674181922=
55878e9689713%26_m=3Db95eed02869a44bd9b0d2c74013b2ef2%26_e=3DVgjLuVcIF8s3DM=
SjAa6kM2nlG8SH2vyicj3N2eySRUVI9TsAgTtw0WIUvvIoFjRN7i9v1M9dPkpbQKQIWUEyH68TP=
G-OFambu7klS1Kte4BPlMBWNFPgeznu1AztBS_hnPF6jT7C4BVO44WgvsmiiO_IRo5FSxdeAl0c=
TPgNRY_44ExRaZOJOCcslTAA7oKEjDlFq6l5jr3Q3Dw576CIzi_DM3JmN3Y9UFf1dBJt-QVIX66=
nuL-r1jxx4bgkcEIEjob1uG1W4kEtYu3dKr-q1Y2kXplfc3lAijU3d9VOS0fz4Pd6WBmtPQBFj5=
KdZp4fifuTsskTkuGg_XIbont15YIZuoEy_-1QpIuYELAf6UHXm9DRVlNs3P-u_Q1KPFDN/1/01=
000186583f62a0-7b05e239-c863-47b6-ab6c-244aedcd092b-000000/5Kkkx5dxXmp3SqML=
Nsd_ErR9dlI-yjekd141MTf-MtE=3D288" target=3D"_blank" rel=3D"noopener norefe=
rrer">responded</a> by highlighting how valuable an innovation staking is f=
or crypto, and that it brings =E2=80=9Cmany positive improvements to the sp=
ace, including scalability, increased security, and reduced carbon footprin=
ts.=E2=80=9D Arguing that enforcements like this only encourage companies t=
o take their operations offshore, Armstrong said =E2=80=9Cwe need to make s=
ure that new technologies are encouraged to grow in the U.S., and not stifl=
ed by lack of clear rules.=E2=80=9D</li><li style=3D"margin: 0px; padding: =
6px 0px;"><strong>SEC Commissioner Hester Peirce </strong><a href=3D"https:=
//comm.coinbase.com/CL0/https:%2F%2Flinks.coinbase.com%2Fu%2Fclick%3F_t=3D3=
aca56371967418192255878e9689713%26_m=3Db95eed02869a44bd9b0d2c74013b2ef2%26_=
e=3DVgjLuVcIF8s3DMSjAa6kM_bfGPygwRrhJbXqo5Wp3-D17IoSw0eSDW6pQmU0YKFgxb0gZl7=
CDlkw29i35EcU1wSoLmjgkxv3solnvAqGrpGK9AdX-M-TGg2zlDvOQM29EHwEWidTHgZpU_s34Q=
fpVYoQ7f8Ip1082OfDDIEKsWnoDZxDyDrpYxLdKbF-8PWy_GJrOVW38vMvwinRw4e85C6qrznuD=
Cush03aYdgH3R133RcuSlCH66PXl9pqeCipLKQ2k-Vm_KYc9yBNC3eA1UpSOlG1dUqqowtrOMK4=
96TcX-fIvWgp2YouZln74e7SZ3k89EpBIusA2I2i0RC8nUymeF-nfX9vXRHya-5ValmJquSANNt=
EtK2_zBgfowrE/1/01000186583f62a0-7b05e239-c863-47b6-ab6c-244aedcd092b-00000=
0/Esma1l9ThfHBBhn3UC0s-PlYFl20ZQsmuOEyYPfl3a0=3D288" target=3D"_blank" rel=
=3D"noopener noreferrer">wrote</a> a strongly-worded dissent in response to=
 the agency=E2=80=99s actions against Kraken, arguing that =E2=80=9Cusing e=
nforcement actions to tell people what the law is in an emerging industry i=
s not an efficient or fair way of regulating.=E2=80=9D But most concerning,=
 according to Peirce, was that =E2=80=9Cour solution to a registration viol=
ation is to shut down entirely a program that has served people well.=E2=80=
=9D</li><li style=3D"margin: 0px; padding: 6px 0px;"><strong>Kraken co-foun=
der Jesse Powell </strong><a href=3D"https://comm.coinbase.com/CL0/https:%2=
F%2Flinks.coinbase.com%2Fu%2Fclick%3F_t=3D3aca56371967418192255878e9689713%=
26_m=3Db95eed02869a44bd9b0d2c74013b2ef2%26_e=3DVgjLuVcIF8s3DMSjAa6kM5mUXhAf=
UYl4o0eSTC-5L4B7dhm_yGDa0SSRGeMuHux23uw9BYWrO6gqjSBYdVLCrYk2fI4BScrhdjvtye2=
Ln7LmZjW592ZlHbsjCXeb49m_2Rzfc46-KcG5JWr7JEg4HCxgTRz1jvfSCdPkhBOoeLWWordujM=
Q7TWr77Mxs6lU8zXlOEeaZzpWDZC8ARfdTQ0BXzO6-x5lZcJc-eHXrnOHoNy-G5QhQ2xccew8HG=
RdeNVr9fGGEbCRnZq0EI94zs2FrkOovFnoXqoXKh-w_VXdfyzYP0F34xTLiD7YAhVMF1ttNDLLV=
8iXT0MZ1yACAhF1SQUv6BnNOP74QuGuXy0s%253D/1/01000186583f62a0-7b05e239-c863-4=
7b6-ab6c-244aedcd092b-000000/M-FLLE8bJ6MNy92xRyich6eK-T-FLLyU3y_oDkf8YM0=3D=
288" target=3D"_blank" rel=3D"noopener noreferrer">made</a> a similar point=
 when he observed on Twitter that the =E2=80=9C=E2=80=98This is wrong but I=
 won=E2=80=99t tell you how to do it right. Want to find out if X works? Tr=
y it and see what happens.=E2=80=99 approach does not help the industry nor=
 consumers.=E2=80=9D</li><li style=3D"margin: 0px; padding: 6px 0px;"><stro=
ng>GOP Rep. Tom Emmer </strong><a href=3D"https://comm.coinbase.com/CL0/htt=
ps:%2F%2Flinks.coinbase.com%2Fu%2Fclick%3F_t=3D3aca56371967418192255878e968=
9713%26_m=3Db95eed02869a44bd9b0d2c74013b2ef2%26_e=3DVgjLuVcIF8s3DMSjAa6kM5H=
6dSOoen3Zj2seZNIlqn_2pl-A5GinzfqiOf3Ugf-4p1WJ14Eybmyg0Mw-F3vkX_EuQDPcaE41CJ=
p8dimydJYJYekMHOMq5Jlm0ivMr77GW4XigCGjLdP32xQDZxUrdhDjHD2naEnS21mReWivwlz2B=
e6sr1e8XYghOvfTvzMeE2sxmd0t0IIwGEsZSznLeMkrJkbk4glo2UpeqtbaUj6KP_a_TwMzvrHA=
NkvB66aNtuwMEcv9Kz52ywyaRo6rBzSu_qn2GnoD9yQjDzCGpOkHhll4GfZepMQJuVTwul110yQ=
iwvIxOD__a8NmOkwN3J6NLHvjAUV2bgzTsnjGzAMXhqWYnTtDSLJqAs7e0-1i/1/01000186583=
f62a0-7b05e239-c863-47b6-ab6c-244aedcd092b-000000/vVsHradbkAgtk3FmkyDDgjoDw=
1kXhMs0dw0_3RHRFFs=3D288" target=3D"_blank" rel=3D"noopener noreferrer">not=
ed</a> that consumers would be negatively impacted by the decision, since s=
taking allows more people to =E2=80=9Cparticipate in building the next gene=
ration of the internet.=E2=80=9D And as a result the SEC chairman=E2=80=99s=
 =E2=80=9Cregulatory purgatory strategy hurts everyday Americans the most =
=E2=80=94 leaving them in the dust while these opportunities are accessible=
 offshore.=E2=80=9D</li><li style=3D"margin: 0px; padding: 6px 0px;"><stron=
g>a16z Crypto General Counsel Miles Jennings </strong><a href=3D"https://co=
mm.coinbase.com/CL0/https:%2F%2Flinks.coinbase.com%2Fu%2Fclick%3F_t=3D3aca5=
6371967418192255878e9689713%26_m=3Db95eed02869a44bd9b0d2c74013b2ef2%26_e=3D=
VgjLuVcIF8s3DMSjAa6kM25hKjVPKlWqyzBGvxBGgrqpAJnaeOG11wvNw5dLUiFV9W0350qhmui=
wp18KRn9A__brSYjvGgfwxDPcRYLfZqBQ7Y47Cyoigoxz1K7SfLvw99nPsrBh9h3GtESt_3OmJs=
-tghMzbm4rMcDuUkviFNocOAL2PeKi7BMI4uN7fQS8rdtmyF8mHrAzCXjkzWtJSXZ6q6BBBEtG4=
shDI3Sc-daTtAXEOCU_Vfh6Fi1g9gDQN3vqlmj2Y7HBr-rLm7mh73qCGCQMgICrg6iV-ZbH2sA9=
vMSyioa8OMxqTXVUDZ5Eam7zosHXnqoGksZrnxiLRQmYFwvC13b8KtnYpSqkAJg93SyGz3zFc9T=
JrFJf-VEn/1/01000186583f62a0-7b05e239-c863-47b6-ab6c-244aedcd092b-000000/YY=
pzpSqeQTp1mJ9LJpijfx0ES8DhRrNPbSheOpvEdyo=3D288" target=3D"_blank" rel=3D"n=
oopener noreferrer">highlighted</a> that proactive regulatory clarity from =
the agency has been a long-standing challenge for the crypto industry: =E2=
=80=9CIt has now been FOUR years since the last crypto-related guidance fro=
m the SEC, whose Chairman continues to focus on headlines rather than a leg=
itimate effort to protect investors in accordance with the SEC=E2=80=99s co=
re mission.=E2=80=9D</li></ul><p style=3D"margin: 0px; padding: 0px;"></p><=
div class=3D"cta_button" style=3D"margin: 24px 0px 0px; padding: 0px; width=
: 50%;"><!--[if mso]><table width=3D"100%" cellpadding=3D"0" cellspacing=3D=
"0" border=3D"0" style=3D"border-spacing:0;border-collapse:collapse;mso-tab=
le-lspace:0pt;mso-table-rspace:0pt;"><tr><td style=3D"padding:0;" align=3D"=
left"> <v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=3D"ur=
n:schemas-microsoft-com:office:word" href=3D"https://links.coinbase.com/a/c=
lick?_t=3D3aca56371967418192255878e9689713&_m=3Db95eed02869a44bd9b0d2c74013=
b2ef2&_e=3DVgjLuVcIF8s3DMSjAa6kMyFs7mp-4H6bZqBhCZjCwVqMWDrmeuhpzY_6_eEytPT-=
ATasPsTtGXM9FXsnyZZNxwrMEuzTDo6a8MtxNzsZAF9BchKNbLGVyoZsmPtOG4Ajal9IevBHgJJ=
7ZpqPEhkDlTTdSnayWbxyHb5v3r-VrMwJMtOAZwGQTEROYJ8VnZ2Sz7am74OU0SYWbSza7uvhus=
W0Chv5MGSKoStKK84h6pgPz-6kt8Bh4kFP9R-meIq9OI3z3kjD_hMgl-FfPOPN0yerWmyoPhM_e=
BC-h4p5Foad0EcxHqOEBaoJ-sdRBcOi6phmRBmOoRVVZuK_fs_ABoCRFSkuGXiltHUaMZAVkLmu=
vV6UOA2MkHkjNYqrX76TvF4-kneMKDH1pFYcemHljzQiIkKXJkyUVOUbzC1qNw4%3D" style=
=3D"width:350pt;v-text-anchor:middle;" arcsize=3D"17%" stroke=3D"false" fil=
lcolor=3D"#0052ff"> <w:anchorlock/><v:textbox inset=3D"0,0,0,0"><center sty=
le=3D"font-family: Helvetica Neue, Helvetica, Arial, sans-serif;"><![endif]=
--><a href=3D"https://comm.coinbase.com/CL0/https:%2F%2Flinks.coinbase.com%=
2Fa%2Fclick%3F_t=3D3aca56371967418192255878e9689713%26_m=3Db95eed02869a44bd=
9b0d2c74013b2ef2%26_e=3DVgjLuVcIF8s3DMSjAa6kMyFs7mp-4H6bZqBhCZjCwVqMWDrmeuh=
pzY_6_eEytPT-ATasPsTtGXM9FXsnyZZNxwrMEuzTDo6a8MtxNzsZAF9BchKNbLGVyoZsmPtOG4=
Ajal9IevBHgJJ7ZpqPEhkDlTTdSnayWbxyHb5v3r-VrMwJMtOAZwGQTEROYJ8VnZ2Sz7am74OU0=
SYWbSza7uvhusW0Chv5MGSKoStKK84h6pgPz-6kt8Bh4kFP9R-meIq9XMd2Cdkt1ilJRAs5A6Ue=
Ta2uCW-ziicCmTfiy_p5BmhFB0ms_QbxsDc-9cw9d-JrOaE6pcryA2VbN_obbc1-K0H56lxI90A=
ZowJQop2rE8oXE5DJj6CoF8TvK768iDHWW1NCSCK5yLpnfu0sW3UNAFykBs0IEuCPvFeWCcBIBO=
4%253D/1/01000186583f62a0-7b05e239-c863-47b6-ab6c-244aedcd092b-000000/FTPo-=
Nr5zmoNKPEfEED5UKZQ6ZUpCYbDi_zwWOP-1Yc=3D288" target=3D"_blank" rel=3D"noop=
ener noreferrer" style=3D"display: block; margin: 0px; line-height: 1.2; fo=
nt-size: 16px; text-decoration: none; color: rgb(255, 255, 255); background=
-color: rgb(0, 82, 255); border-radius: 30px; text-align: center; padding: =
18px 0px;"><strong>Learn about Coinbase staking</strong></a><!--[if mso]></=
center></v:textbox></v:roundrect></td></tr></table><![endif]--></div><table=
 width=3D"100%" role=3D"presentation" style=3D"table-layout: fixed; vertica=
l-align: top; border-spacing: 0px; border-collapse: collapse; min-width: 10=
0%; text-size-adjust: 100%;"><tbody><tr style=3D"vertical-align: top;"><td =
valign=3D"top" style=3D"word-break: break-word; vertical-align: top; min-wi=
dth: 100%; text-size-adjust: 100%; padding: 48px 0px;"><table border=3D"0" =
cellpadding=3D"0" cellspacing=3D"0" width=3D"100%" align=3D"center" role=3D=
"presentation" style=3D"table-layout: fixed; vertical-align: top; border-sp=
acing: 0px; border-collapse: collapse; border-top: 2px solid rgb(222, 224, =
226); width: 100%;"><tbody><tr style=3D"vertical-align: top;"><td valign=3D=
"top" style=3D"word-break: break-word; vertical-align: top; text-size-adjus=
t: 100%;"><span></span></td></tr></tbody></table></td></tr></tbody></table>=
<div style=3D"margin-bottom: 16px;"><table style=3D"margin: 0px; padding: 0=
px;"><tbody><tr><td style=3D"margin: 0px; padding-right: 11px; vertical-ali=
gn: middle;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users=
/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e=
9689713/dot-1.5x.png" width=3D"12" height=3D"12" style=3D"display: block; w=
idth: 12px; height: 12px;"></td><td style=3D"margin: 0px; padding: 0px; ver=
tical-align: middle;"><p style=3D"margin: 0px; font-size: 16px; letter-spac=
ing: 0.075em;"><strong> NUMBERS TO KNOW </strong></p></td></tr></tbody></ta=
ble></div><p style=3D"margin: 16px 0px 0px; font-size: 32px;"><strong>$90 b=
illion</strong></p><p style=3D"margin: 4px 0px 0px; line-height: 1.6; word-=
break: break-word;"><a href=3D"https://comm.coinbase.com/CL0/https:%2F%2Fli=
nks.coinbase.com%2Fu%2Fclick%3F_t=3D3aca56371967418192255878e9689713%26_m=
=3Db95eed02869a44bd9b0d2c74013b2ef2%26_e=3DVgjLuVcIF8s3DMSjAa6kM-t_5lb3NkFU=
hWOB0V9XLjCWPfeGjuy_Tfg-9tbBHA7h5WcRi4uB-mucE2W6_RatOjDzKtiBtAaO1P6dyUQFihX=
1NUhyW0pt05hbIX0IBL3Qor8Rg_z2nvtnkVw-PL3LYphFMVeNotUgLMWzllmjbL6O749uFc6ACW=
duOfzd1vu3CjckwyhypNO4BI8oAqc2ctsZhh94aadogEHTnr85p_-P9ERbKqJNpa2odYUQnkEcQ=
Q-laiPpgmTYo9V8Tl1tUDm_JDj1Wk9kmnzWlUm36ilImcQRnQxDSHNWLIN_jdOh77WGMWtSMwQI=
VpAMzy-LOud5M2oQnckVZpgDoZePJIaf-g0_y3RpqPCppSYi3ujidv9qwzPFyiM7jm7OWK3FN2B=
wiLBO-Oo-Qwpx63WujypGZWRg01L_rXoqDNTxNOV5/1/01000186583f62a0-7b05e239-c863-=
47b6-ab6c-244aedcd092b-000000/qch2jVLYl9xc8fM970aaCF14Kd5GpF4_Fx_VxHPalxI=
=3D288" target=3D"_blank" rel=3D"noopener noreferrer">Estimated value</a> o=
f all the BTC that has been lost due to users forgetting the private keys t=
o their wallet. But one wallet recovery startup, called Unciphered, has cla=
imed to have found a solution by identifying previously undiscovered vulner=
abilities in wallets, hacking them, and then returning the funds to its own=
er for a share of the wallet=E2=80=99s value.</p><p style=3D"margin: 16px 0=
px 0px; font-size: 32px;"><strong>$15.4 billion</strong></p><p style=3D"mar=
gin: 4px 0px 0px; line-height: 1.6; word-break: break-word;">The market cap=
 of BUSD, as of Tuesday evening. The stablecoin, which is the third largest=
 on the crypto market, is minted by the financial trust Paxos. This week, P=
axos <a href=3D"https://comm.coinbase.com/CL0/https:%2F%2Flinks.coinbase.co=
m%2Fu%2Fclick%3F_t=3D3aca56371967418192255878e9689713%26_m=3Db95eed02869a44=
bd9b0d2c74013b2ef2%26_e=3DVgjLuVcIF8s3DMSjAa6kM-DwTew0WZ3meTVthJJFaEHXatUtN=
GaigyTz7eLz262hR3R_xcP18w_yiwQlIeXQtUIS5CEP359sHaenGKXBoEDahp_Pi-0RUNxkaBpN=
HzLq8xQcB9VEvhTZKdLJwG9fcymDIHMKqJcOmPgtUdzq_ypO3j-c7DdAor471FRDQleRivoQHuh=
29dD6SdFPweMpiiZVIvMULIqZPiR4QImFFfUUap5FPh628rBasggE9puod2Gs0xvt5dQp1nHYOt=
IfE1FHq3FaWbYGvAj26CsQZnKRCKbnrahInS9wlHGR1eFMYbGSDE7X0ax_YbfjMQGa6YIMYOq8s=
zC9p_NMdE-s_xTYjFRx-V0r8mSkB_JZJWjtc8xVh-hl6jdGY-YnykvjMY-s87eU0edCVFVISDeU=
O2M%253D/1/01000186583f62a0-7b05e239-c863-47b6-ab6c-244aedcd092b-000000/Jb0=
64ffcxKQjGLV9tFeSompD4n33xQlDxfa5qIOPQ4k=3D288" target=3D"_blank" rel=3D"no=
opener noreferrer">disclosed</a> that it had been ordered by the New York D=
epartment of Financial Services to halt the minting of BUSD, and that the f=
irm had been contacted by the SEC regarding a possible <a href=3D"https://c=
omm.coinbase.com/CL0/https:%2F%2Flinks.coinbase.com%2Fu%2Fclick%3F_t=3D3aca=
56371967418192255878e9689713%26_m=3Db95eed02869a44bd9b0d2c74013b2ef2%26_e=
=3DVgjLuVcIF8s3DMSjAa6kM-t_5lb3NkFUhWOB0V9XLjDCknQhsvYyFINs_lB9jlQ77YvOu0L-=
UQw-1kHhrE41kPA4r41VYDihXdf42X0bGtH0IqsQ9R1-IHXfvY-Xh64wfYi9BqwZKNaPDDzDvp6=
ThIZET_3yX2mY7ZxYYdVPGSZl7SLpSHXGBce-_y8JcfF6jAMORBwoq4UpvDLS1N-Oz8CWOobyGm=
ly1vkcSPiSweuP6nAjFV3mMLo6Bft6ul7ztxW9VfXjbLsOzzIRGfkLtKgMwkKCLURo-yyv2SkSm=
CkXwgRDoWLltaujdgL2Ax-62t8z4PjgfkVjYrZHGxjk8_d3erKMMcyj9kLpZaeP5f9dYiOdRKo1=
NYNnhuwEbM5U2cubFWZKKCcAVCbgqIJjRH8aOPsUBV2J3HL1uaylddbRzWzYVNRfCd5AnLBOAPP=
mHC3Hz0mwyB1bJzdzunKYDg%253D%253D/1/01000186583f62a0-7b05e239-c863-47b6-ab6=
c-244aedcd092b-000000/aZT6x5ziYn7uTvMdAU48AYbao1TpiYhVduulbduUd7A=3D288" ta=
rget=3D"_blank" rel=3D"noopener noreferrer">enforcement action</a> related =
to the stablecoin.</p><p style=3D"margin: 16px 0px 0px; font-size: 32px;"><=
strong>12 million</strong></p><p style=3D"margin: 4px 0px 0px; line-height:=
 1.6; word-break: break-word;">The current number of YouTube views that a p=
reviously unreleased Linkin Park song called =E2=80=9C<a href=3D"https://co=
mm.coinbase.com/CL0/https:%2F%2Flinks.coinbase.com%2Fu%2Fclick%3F_t=3D3aca5=
6371967418192255878e9689713%26_m=3Db95eed02869a44bd9b0d2c74013b2ef2%26_e=3D=
VgjLuVcIF8s3DMSjAa6kMyM76eSxfm7Jp3fI1C8u7DPCkcFh0Je1BTxAoUhRGHakYmGhikmhnWt=
73pf-MjrIcYUuQmo2NHSjGcCrjAv58Q0MPnCCWDrvaiPKEO4cyQ7bJBbmQSsgc2moxH9faFfXSr=
-m1b02slV_68OC87FEb2B2QiXqFvu8OYw5HhfY_PPrflYMAsk84qBxfSAgTs2smnGI4PkWuxz8W=
rQ_GaAssP1-UyJFkWjolsKHd4_7nKExpIbDXzESkWceNUCfTXC5vi1y_ihEuv--GYhbuzKXNRfk=
cO8SuotMg22VTc9PBOzySd_E9FDjuEySWd9A36SGgg%253D%253D/1/01000186583f62a0-7b0=
5e239-c863-47b6-ab6c-244aedcd092b-000000/vIfqb54IZwd-a4qlkXfi8fXtCFXkQAPiQk=
zMFh8SShU=3D288" target=3D"_blank" rel=3D"noopener noreferrer">Lost</a>=E2=
=80=9D has racked up. NFT artist <a href=3D"https://comm.coinbase.com/CL0/h=
ttps:%2F%2Flinks.coinbase.com%2Fu%2Fclick%3F_t=3D3aca56371967418192255878e9=
689713%26_m=3Db95eed02869a44bd9b0d2c74013b2ef2%26_e=3DVgjLuVcIF8s3DMSjAa6kM=
yM76eSxfm7Jp3fI1C8u7DMUW3v800XHYgb1oLvbizBqZkdH26kBkl0WRac9vSvt-0JeIeOYrhTF=
V6NXdVd8sWBweMGE3aCN_c2yO9NIh5_8ZsziIKI9mrOjAuJ0ilpgy9U3Q1sGvOo__fgnN2jNGgP=
UCy7WqefUd6ihDaIPXCLkrYL8hApvuGJieWb12jNIPJvb2JMDbmNMkoYb8op3x1kFRrNB4TFiMQ=
LRFV1lu3HNAYL6cR_3Et2Wukd2MILA9GKDTEp1Hus-YfxYn-fFpQZeOY-izG0EaJtt4yr-UuxoK=
55mGAR1lMgVN0_-JJJZNA%253D%253D/1/01000186583f62a0-7b05e239-c863-47b6-ab6c-=
244aedcd092b-000000/z93dmN_MBzLTlPG-b7dilj-SVux6s8J4Bjx7xkS2gY4=3D288" targ=
et=3D"_blank" rel=3D"noopener noreferrer">Pplpleasr</a> and Maciej Kuciara,=
 co-founders of the web3 content studio Shibuya, directed the new music vid=
eo, which used an AI graphics generator.</p><p style=3D"margin: 16px 0px 0p=
x; font-size: 32px;"><strong>22</strong>&nbsp;</p><p style=3D"margin: 4px 0=
px 0px; line-height: 1.6; word-break: break-word;">The number of <a href=3D=
"https://comm.coinbase.com/CL0/https:%2F%2Flinks.coinbase.com%2Fu%2Fclick%3=
F_t=3D3aca56371967418192255878e9689713%26_m=3Db95eed02869a44bd9b0d2c74013b2=
ef2%26_e=3DVgjLuVcIF8s3DMSjAa6kM3hkhQL5sl30wiz5DelzIXwAVbk8H6KEB1W7OvY4GyZg=
C3SIqd52450Rznd7Bqae5wiJZESeXQms2Z4l1LUrc8qzDVUzKSVETroRsIpsBKoqC8tP9F_mn4-=
GgAhazJDQcu5cihbVydA0Wpu9anoNX4mWZZnqd_Ey3Z5Ocr_FhnoCOfTRrmlFpAb2LoDRx1-vzv=
q7QXtR19dJay-1BaOV85vcIskzbXazrUSzLHmI9ML6o9XIa6x_ezqNtVGAe0FQb-lugCdHlItle=
NLoYQc5X6bUuwTBrCbvcu9J8wPYammSBF9Dfjdtsqz-vJdR7FSdqc5wGBew6Y2EbsTqU6ExaI4T=
Tsnokj1yTrc7Fd4UdY0--tY6wKfJE0utnWp0z71nJg%253D%253D/1/01000186583f62a0-7b0=
5e239-c863-47b6-ab6c-244aedcd092b-000000/RZZicDPtIGxJaLAW7AOSxSoSrQw1R6XxDn=
CvPajYSwk=3D288" target=3D"_blank" rel=3D"noopener noreferrer">artworks don=
ated</a> from mysterious NFT collector Cozomo de' Medici to the Los Angeles=
 County Museum of Art, making it one of the largest NFT collections added t=
o the permanent collection of a major museum. Among the works included are =
a Cryptopunk that last sold for $2.1 million in 2021.</p><p style=3D"margin=
: 16px 0px 0px; font-size: 32px;"><strong>6.4%</strong></p><p style=3D"marg=
in: 4px 0px 0px; line-height: 1.6; word-break: break-word;">The percentage =
that <a href=3D"https://comm.coinbase.com/CL0/https:%2F%2Flinks.coinbase.co=
m%2Fu%2Fclick%3F_t=3D3aca56371967418192255878e9689713%26_m=3Db95eed02869a44=
bd9b0d2c74013b2ef2%26_e=3DVgjLuVcIF8s3DMSjAa6kM6kictEdwGVNej-02348IhHmSZ9QG=
8W0Ry05rR2rY7wklMEEd9zQzg3AXxILA6l648fR4qnNW772HKIMlV3gR5p9w8KGC8_XydybD-8J=
f7ybcWGnbz5AUOh3vUW6NGIgZZqD8x4zppOjGTQJ6OoCjdSp11FFeEaJfToiuel5MZiwbGGpbIp=
nkvUnw1IR_aKJ2thf1ANBUgmYxF72oSK218rUz9vjGiyk1ZmQ0E38KXywhmYJB9uwceDUCH4elo=
s3TOLjR8RhokLPyYjzo_RbZ2OUilbDRMvJHHBNCwNSLDXgC-peQOfOJw01RjFvSY4RyoudN_seE=
pLNoAaVkbkjpUu4Vtl5WRmfKHCwEN8dfxYu/1/01000186583f62a0-7b05e239-c863-47b6-a=
b6c-244aedcd092b-000000/HxvIlVDvpkr4MdgwmkZ4saoOdwdCTveejdow4x7sX5k=3D288" =
target=3D"_blank" rel=3D"noopener noreferrer">inflation</a> rose in January=
 on a year-over-year basis according to the latest Consumer Price Index rep=
ort, slightly higher than the expected 6.2%. Bitcoin, as well as stock inde=
xes, dipped slightly on the news. </p><div class=3D"cta_button" style=3D"ma=
rgin: 24px 0px 0px; padding: 0px; width: 50%;"><!--[if mso]><table width=3D=
"100%" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"border-spa=
cing:0;border-collapse:collapse;mso-table-lspace:0pt;mso-table-rspace:0pt;"=
><tr><td style=3D"padding:0;" align=3D"left"> <v:roundrect xmlns:v=3D"urn:s=
chemas-microsoft-com:vml" xmlns:w=3D"urn:schemas-microsoft-com:office:word"=
 href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9=
689713&_m=3Db95eed02869a44bd9b0d2c74013b2ef2&_e=3DVgjLuVcIF8s3DMSjAa6kMyFs7=
mp-4H6bZqBhCZjCwVrIg5u3GUrApbPfr6u6QO5hvLY-c5VLbkjr9RrYl4KAaUlGNY5SKnFYvmQp=
uDVRE51xx8--bSfg4y3J90hPHYMVZ0jLmxOr-nabnwCsKXAf7vaUj_T0p2DajojBllUViTFan-R=
K9PWEPD0tm2JmAEIJpLd7GrN5Udlk9q2MBnNTRXG2gDqSantGwSdhk4JNWwt8UEX2lP9CyhRbdD=
HpXa_EaSmR7SD6ULii1QhF98LUjwz-bVVrkW8GCDJAHE2_ylt2Vd_HvuEltBzgcXDfMo-iBvPB4=
QCzv6W-JnGLgaXDWf0S19Rk69WPOb-7Ne509SjeLhZmf2m355i1hSfkzQfLMgDZfTGtGYotedEU=
aqJBHg%3D%3D" style=3D"width:350pt;v-text-anchor:middle;" arcsize=3D"17%" s=
troke=3D"false" fillcolor=3D"#0052ff"> <w:anchorlock/><v:textbox inset=3D"0=
,0,0,0"><center style=3D"font-family: Helvetica Neue, Helvetica, Arial, san=
s-serif;"><![endif]--><a href=3D"https://comm.coinbase.com/CL0/https:%2F%2F=
links.coinbase.com%2Fa%2Fclick%3F_t=3D3aca56371967418192255878e9689713%26_m=
=3Db95eed02869a44bd9b0d2c74013b2ef2%26_e=3DVgjLuVcIF8s3DMSjAa6kMyFs7mp-4H6b=
ZqBhCZjCwVrIg5u3GUrApbPfr6u6QO5hvLY-c5VLbkjr9RrYl4KAaUlGNY5SKnFYvmQpuDVRE51=
xx8--bSfg4y3J90hPHYMVZ0jLmxOr-nabnwCsKXAf7vaUj_T0p2DajojBllUViTFan-RK9PWEPD=
0tm2JmAEIJpLd7GrN5Udlk9q2MBnNTRWhTy4Dld9u4XoAcgMh6ISERWDFSOiNlzOcltHxH1hU91=
P0IHciw3MbjrmmszrIYuKhxa__VUYUbNHsUERFcA1rq4rRsFgIcbNztaYt67bILR-LtjhgPi8Of=
WYe287nIay3WGlz5BAkM8IQ2MkMTf0t7iTof23Yylnh2o3LV_pgadztpGKdbJN9hWToWXtNRxQ%=
253D%253D/1/01000186583f62a0-7b05e239-c863-47b6-ab6c-244aedcd092b-000000/MD=
uUodskR-qlLugFLT0TrjYEmO9dv6SU7rZ4VOO2H50=3D288" target=3D"_blank" rel=3D"n=
oopener noreferrer" style=3D"display: block; margin: 0px; line-height: 1.2;=
 font-size: 16px; text-decoration: none; color: rgb(255, 255, 255); backgro=
und-color: rgb(0, 82, 255); border-radius: 30px; text-align: center; paddin=
g: 18px 0px;"><strong>Learn BTC basics</strong></a><!--[if mso]></center></=
v:textbox></v:roundrect></td></tr></table><![endif]--></div><table width=3D=
"100%" role=3D"presentation" style=3D"table-layout: fixed; vertical-align: =
top; border-spacing: 0px; border-collapse: collapse; min-width: 100%; text-=
size-adjust: 100%;"><tbody><tr style=3D"vertical-align: top;"><td valign=3D=
"top" style=3D"word-break: break-word; vertical-align: top; min-width: 100%=
; text-size-adjust: 100%; padding: 48px 0px;"><table border=3D"0" cellpaddi=
ng=3D"0" cellspacing=3D"0" width=3D"100%" align=3D"center" role=3D"presenta=
tion" style=3D"table-layout: fixed; vertical-align: top; border-spacing: 0p=
x; border-collapse: collapse; border-top: 2px solid rgb(222, 224, 226); wid=
th: 100%;"><tbody><tr style=3D"vertical-align: top;"><td valign=3D"top" sty=
le=3D"word-break: break-word; vertical-align: top; text-size-adjust: 100%;"=
><span></span></td></tr></tbody></table></td></tr></tbody></table><div><tab=
le style=3D"margin: 0px; padding: 0px;"><tbody><tr><td style=3D"margin: 0px=
; padding-right: 11px; vertical-align: middle;"><img src=3D"https://d15k2d1=
1r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c54=
2cff6dd6a/3aca56371967418192255878e9689713/dot-1.5x.png" width=3D"12" heigh=
t=3D"12" style=3D"display: block; width: 12px; height: 12px;"></td><td styl=
e=3D"margin: 0px; padding: 0px; vertical-align: middle;"><p style=3D"margin=
: 0px; font-size: 16px; letter-spacing: 0.075em;"><strong> JOIN IN </strong=
></p></td></tr></tbody></table><p style=3D"margin: 5px 0px 0px; font-size: =
32px; line-height: 1.26; word-break: break-word;"><strong>Participate in th=
e Ethereum EIP-4844 upgrade</strong></p></div><p style=3D"margin: 16px 0px =
0px; line-height: 1.6; word-break: break-word;">Over the last year, Coinbas=
e has been working on the Ethereum EIP-4844 upgrade, which will bring peopl=
e into the cryptoeconomy by lowering the cost of L2s running on Ethereum. T=
he KZG Ceremony is a coordinated public ritual to provide a cryptographic f=
oundation for scaling initiatives like EIP-4844. To prepare, the community =
is invited to contribute randomness to the KZG Ceremony. Go to <a href=3D"h=
ttps://comm.coinbase.com/CL0/https:%2F%2Flinks.coinbase.com%2Fu%2Fclick%3F_=
t=3D3aca56371967418192255878e9689713%26_m=3Db95eed02869a44bd9b0d2c74013b2ef=
2%26_e=3DVgjLuVcIF8s3DMSjAa6kMxvXUgAG3qFdIULZ0FJZJY-xO1b5-Ct_ECIkUUR036FQE-=
PiSpXt9g1TSYL24VClECpZ5KgVyJEjanU7gD35TtJDHx0OQeEF5VOpuvAkcebjtZfiZp6Cgke_1=
MBuMGULugH5n807EvD1dpKhohD7kAjKnCLzboOVjvsXWuVoQjFtz1cJuMfT_ChfvSoC-kDfiXFe=
iUjIRuPveTeVRvs2CGK0LI17QZkfNXvAyb_3wIIjjJSUen2Pj7hPNQw9yyNe7ftUGcsIRU5PRqa=
llCDD6MaKxmb20k3ByGDoP6MtzooU3Bt489Eh7gRg4RMmAlVgUQ%253D%253D/1/01000186583=
f62a0-7b05e239-c863-47b6-ab6c-244aedcd092b-000000/blYNs-ZOcn-AdbyTK1LlGJ8uu=
WUu9HqvDY4NJD7u3fk=3D288" target=3D"_blank" rel=3D"noopener noreferrer">htt=
ps://ceremony.ethereum.org/</a> to contribute. See <a href=3D"https://comm.=
coinbase.com/CL0/https:%2F%2Flinks.coinbase.com%2Fu%2Fclick%3F_t=3D3aca5637=
1967418192255878e9689713%26_m=3Db95eed02869a44bd9b0d2c74013b2ef2%26_e=3DVgj=
LuVcIF8s3DMSjAa6kMyByV_ctKE1dQbwXu5K_x7uOtvj4ZRVNUrXWUCepitqP6YMv4TZF2ruBLJ=
9-jlpZfJy0FNSKq4x-j3hJ4ZcjMFgvYHMuKRSLMTb99pGkZRyxWXBfnLzjuzgeWVKhMYQjfXHUc=
zTYTcXKIabQGOjofwlThXrOt_mi6tP8HRUMqTqWvM3YRn_qX8oNFZWlrzY2Rz-ijnLENTNy0Cj4=
7bXRjs3OhradGIYZClOLAE8JzKpp8Y9E3fwCquB3WukbzOtMGPCiWy9wXkdUE-ZbIZYjP77SKHU=
dXCbCRsxeXu1b7uhWEeJjIt6IGqkeZPujgcAWgcdXbY72PXERrCl-WaqoLFo%253D/1/0100018=
6583f62a0-7b05e239-c863-47b6-ab6c-244aedcd092b-000000/u63Xzssjm3KyfCS-Zor37=
LO3v_BvyfxftmHHOBdP1I0=3D288" target=3D"_blank" rel=3D"noopener noreferrer"=
>here</a> for more info.</p><div class=3D"cta_button" style=3D"margin: 24px=
 0px 0px; padding: 0px; width: 50%;"><!--[if mso]><table width=3D"100%" cel=
lpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"border-spacing:0;bor=
der-collapse:collapse;mso-table-lspace:0pt;mso-table-rspace:0pt;"><tr><td s=
tyle=3D"padding:0;" align=3D"left"> <v:roundrect xmlns:v=3D"urn:schemas-mic=
rosoft-com:vml" xmlns:w=3D"urn:schemas-microsoft-com:office:word" href=3D"h=
ttps://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=
=3Db95eed02869a44bd9b0d2c74013b2ef2&_e=3DVgjLuVcIF8s3DMSjAa6kMxvXUgAG3qFdIU=
LZ0FJZJY-4_snxYcy6Rh7U1EPzCm4ORjuEzsTbix9aPcM9icUPwrudXTq08mCuGZp2oCOQtuw0p=
emKOYwWjXF0eEJ42DdI-7tHPP2ZvhQGY2di7Ts_4W7YtMUNvMIpF__GQpetrwMLY9FpspzgsWMH=
RPmMAwHIcoSoEi7-ZH7Fyv8UxNgZE9P0FBzPbcW4QiIq4Xg9x_iPIAy-jjp8AXJz_GI29p5f9cm=
UnjBqodrf-hcti0p1SdL9Y9FC0PJlcHadCzm_t5PKLgsB06HZ6VzZRo0dzCdMlsiBkr-WK5DdqQ=
OyZGGt_iH4ueGp9juS6Zr5pEQkxdo%3D" style=3D"width:350pt;v-text-anchor:middle=
;" arcsize=3D"17%" stroke=3D"false" fillcolor=3D"#0052ff"> <w:anchorlock/><=
v:textbox inset=3D"0,0,0,0"><center style=3D"font-family: Helvetica Neue, H=
elvetica, Arial, sans-serif;"><![endif]--><a href=3D"https://comm.coinbase.=
com/CL0/https:%2F%2Flinks.coinbase.com%2Fu%2Fclick%3F_t=3D3aca5637196741819=
2255878e9689713%26_m=3Db95eed02869a44bd9b0d2c74013b2ef2%26_e=3DVgjLuVcIF8s3=
DMSjAa6kMxvXUgAG3qFdIULZ0FJZJY-4_snxYcy6Rh7U1EPzCm4ORjuEzsTbix9aPcM9icUPwru=
dXTq08mCuGZp2oCOQtuw0pemKOYwWjXF0eEJ42DdI-7tHPP2ZvhQGY2di7Ts_4W7YtMUNvMIpF_=
_GQpetrwNVZc0B45VVd_p4ttJruh-CHN4WLd5HtuZlK3Zm4IODJ4cJ42LFoHe7y3UJfdgNjvMmT=
zoYNbb8D3U3GSc3qmMklVbppsgOB5rkeSuh14BNQJr7jXnxE80nk2T2YO1nS85DgulRBizoZozH=
XfAVakqfF6D0AOz8X9m0KQdCBOt-ocaHbafdKcQdHQ0dwVejwio%253D/1/01000186583f62a0=
-7b05e239-c863-47b6-ab6c-244aedcd092b-000000/1Nc7tjdXAE9xVkVZsng3cxW9uaGWYJ=
zYPHw80ksHOC4=3D288" target=3D"_blank" rel=3D"noopener noreferrer" style=3D=
"display: block; margin: 0px; line-height: 1.2; font-size: 16px; text-decor=
ation: none; color: rgb(255, 255, 255); background-color: rgb(0, 82, 255); =
border-radius: 30px; text-align: center; padding: 18px 0px;"><strong>Partic=
ipate in the ceremony</strong></a><!--[if mso]></center></v:textbox></v:rou=
ndrect></td></tr></table><![endif]--></div><table width=3D"100%" role=3D"pr=
esentation" style=3D"table-layout: fixed; vertical-align: top; border-spaci=
ng: 0px; border-collapse: collapse; min-width: 100%; text-size-adjust: 100%=
;"><tbody><tr style=3D"vertical-align: top;"><td valign=3D"top" style=3D"wo=
rd-break: break-word; vertical-align: top; min-width: 100%; text-size-adjus=
t: 100%; padding: 48px 0px;"><table border=3D"0" cellpadding=3D"0" cellspac=
ing=3D"0" width=3D"100%" align=3D"center" role=3D"presentation" style=3D"ta=
ble-layout: fixed; vertical-align: top; border-spacing: 0px; border-collaps=
e: collapse; border-top: 2px solid rgb(222, 224, 226); width: 100%;"><tbody=
><tr style=3D"vertical-align: top;"><td valign=3D"top" style=3D"word-break:=
 break-word; vertical-align: top; text-size-adjust: 100%;"><span></span></t=
d></tr></tbody></table></td></tr></tbody></table><div><table style=3D"margi=
n: 0px; padding: 0px;"><tbody><tr><td style=3D"margin: 0px; padding-right: =
11px; vertical-align: middle;"><img src=3D"https://d15k2d11r6t6rl.cloudfron=
t.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca563=
71967418192255878e9689713/dot-1.5x.png" width=3D"12" height=3D"12" style=3D=
"display: block; width: 12px; height: 12px;"></td><td style=3D"margin: 0px;=
 padding: 0px; vertical-align: middle;"><p style=3D"margin: 0px; font-size:=
 16px; letter-spacing: 0.075em;"><strong> TOKEN TRIVIA </strong></p></td></=
tr></tbody></table><p style=3D"margin: 5px 0px 0px; font-size: 32px; line-h=
eight: 1.26; word-break: break-word;"><strong>Who is Satoshi Nakamoto? </st=
rong></p></div><div style=3D"margin-top: 16px;"><table style=3D"line-height=
: 1.6; word-break: break-word;"><tbody><tr><td style=3D"padding-right: 12px=
;"><strong>A</strong></td><td>Cryptographic pioneer Hal Finney</td></tr><tr=
><td style=3D"padding-right: 12px; padding-top: 12px;"><strong>B</strong></=
td><td style=3D"padding-top: 12px;">Cypherpunk Len Sassaman</td></tr><tr><t=
d style=3D"padding-right: 12px; padding-top: 12px;"><strong>C</strong></td>=
<td style=3D"padding-top: 12px;">Elon Musk, obviously</td></tr><tr><td styl=
e=3D"padding-right: 12px; padding-top: 12px;"><strong>D</strong></td><td st=
yle=3D"padding-top: 12px;">None the above =E2=80=94 or any of the above</td=
></tr></tbody></table></div><p style=3D"margin: 16px 0px 0px; line-height: =
1.6; word-break: break-word;">Find the answer at the end of the email.</p><=
div class=3D"cta_button" style=3D"margin: 24px 0px 0px; padding: 0px; width=
: 50%;"><!--[if mso]><table width=3D"100%" cellpadding=3D"0" cellspacing=3D=
"0" border=3D"0" style=3D"border-spacing:0;border-collapse:collapse;mso-tab=
le-lspace:0pt;mso-table-rspace:0pt;"><tr><td style=3D"padding:0;" align=3D"=
left"> <v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=3D"ur=
n:schemas-microsoft-com:office:word" href=3D"https://links.coinbase.com/a/c=
lick?_t=3D3aca56371967418192255878e9689713&_m=3Db95eed02869a44bd9b0d2c74013=
b2ef2&_e=3DVgjLuVcIF8s3DMSjAa6kMyFs7mp-4H6bZqBhCZjCwVrr8vkanJoBxjrZ8hGg4zsY=
DkOkdM61w_j88oxG1lmgGFPclEtbs8cMYAbXDK8b9dHIdD4dEORil1qRwfdnWqnvKP0LE7u0o8B=
O8o1ciFoN91JxwWmmZmwIcLD7P3eI1LQn1CZd38csyV275VslRgv54Ow3iXMtIqUoyV_PgTPMtp=
sIgk6FnJ0Pg9YfiX2HQptBAFAjtg6xvm4DvLz0THU2s5xfF-E_G3vsN-KUWdQkpa676yCfNvq0Q=
rZ2AsGhVmVFKTFyR0aGY5dqwy73wlWZDUhNVJQ0ZyYuIzwsObtwjLyw9U88y1bXnDvhwwn2x5vS=
YGknkRBM7MlkFwBPHBEXhCgbk_l4v5QeQidrEZIkjg%3D%3D" style=3D"width:350pt;v-te=
xt-anchor:middle;" arcsize=3D"17%" stroke=3D"false" fillcolor=3D"#0052ff"> =
<w:anchorlock/><v:textbox inset=3D"0,0,0,0"><center style=3D"font-family: H=
elvetica Neue, Helvetica, Arial, sans-serif;"><![endif]--><a href=3D"https:=
//comm.coinbase.com/CL0/https:%2F%2Flinks.coinbase.com%2Fa%2Fclick%3F_t=3D3=
aca56371967418192255878e9689713%26_m=3Db95eed02869a44bd9b0d2c74013b2ef2%26_=
e=3DVgjLuVcIF8s3DMSjAa6kMyFs7mp-4H6bZqBhCZjCwVrr8vkanJoBxjrZ8hGg4zsYDkOkdM6=
1w_j88oxG1lmgGFPclEtbs8cMYAbXDK8b9dHIdD4dEORil1qRwfdnWqnvKP0LE7u0o8BO8o1ciF=
oN91JxwWmmZmwIcLD7P3eI1LQn1CZd38csyV275VslRgv54Ow3iXMtIqUoyV_PgTPMtpsIgk6Fn=
J0Pg9YfiX2HQpsAPhHzg3sbRcnmyO8aoEUCcWl5GApmh4iq7rztyvQYufUhhBF6fRxjspM-ak6v=
JPC0ev6DPfqfcGTXeyfP8J3FsI8vaL6saznclX5KrYBU9Pgk-0wqCe_aKXffIL1-8WmxoEv11_g=
IXh_7gzZgHElOq-0pmIq2a640MlEnD8fr-Q%253D%253D/1/01000186583f62a0-7b05e239-c=
863-47b6-ab6c-244aedcd092b-000000/llJLuQ-0sa_dMyzOTZhWajrQJPWaRUOowjBknC7Ge=
Vg=3D288" target=3D"_blank" rel=3D"noopener noreferrer" style=3D"display: b=
lock; margin: 0px; line-height: 1.2; font-size: 16px; text-decoration: none=
; color: rgb(255, 255, 255); background-color: rgb(0, 82, 255); border-radi=
us: 30px; text-align: center; padding: 18px 0px;"><strong>Learn about Satos=
hi</strong></a><!--[if mso]></center></v:textbox></v:roundrect></td></tr></=
table><![endif]--></div><table width=3D"100%" role=3D"presentation" style=
=3D"table-layout: fixed; vertical-align: top; border-spacing: 0px; border-c=
ollapse: collapse; min-width: 100%; text-size-adjust: 100%;"><tbody><tr sty=
le=3D"vertical-align: top;"><td valign=3D"top" style=3D"word-break: break-w=
ord; vertical-align: top; min-width: 100%; text-size-adjust: 100%; padding:=
 48px 0px;"><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=
=3D"100%" align=3D"center" role=3D"presentation" style=3D"table-layout: fix=
ed; vertical-align: top; border-spacing: 0px; border-collapse: collapse; bo=
rder-top: 2px solid rgb(222, 224, 226); width: 100%;"><tbody><tr style=3D"v=
ertical-align: top;"><td valign=3D"top" style=3D"word-break: break-word; ve=
rtical-align: top; text-size-adjust: 100%;"><span></span></td></tr></tbody>=
</table></td></tr></tbody></table><div><table style=3D"margin: 0px; padding=
: 0px;"><tbody><tr><td style=3D"margin: 0px; padding-right: 11px; vertical-=
align: middle;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/us=
ers/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca563719674181922558=
78e9689713/dot-1.5x.png" width=3D"12" height=3D"12" style=3D"display: block=
; width: 12px; height: 12px;"></td><td style=3D"margin: 0px; padding: 0px; =
vertical-align: middle;"><p style=3D"margin: 0px; font-size: 16px; letter-s=
pacing: 0.075em;"><strong> NOW TRADING ON COINBASE </strong></p></td></tr><=
/tbody></table></div><a href=3D"https://comm.coinbase.com/CL0/https:%2F%2Fl=
inks.coinbase.com%2Fa%2Fclick%3F_t=3D3aca56371967418192255878e9689713%26_m=
=3Db95eed02869a44bd9b0d2c74013b2ef2%26_e=3DVgjLuVcIF8s3DMSjAa6kMyFs7mp-4H6b=
ZqBhCZjCwVrsUjoAsQRyPf0omTM23tFSA-tflxIa9CT1Uu7cx7614wF6RB52TPY9v69_mXW1W6T=
cUXmV5mkBH0dPmrCCp4vWDpm9A76xgCZGbr0iiqfQ04ZKrzN-WRef876tEWWgvTqwQdzSTWiw5k=
541pmoctzxVwrkDJMPc3EKGKTdRESFUTWSVWMTbl8ZcsY031H2_v3W_n_5YEYFQKgOVIZVF46oO=
sGLAaL0Vh2tkklQu5_aYq7X15IKwGGq-8F_iSUSm-td6afnzRFp5d79q9RJYM5oazis9fL5SBFL=
EQYss5fW3WoU2f--JzqQDlLSK6ACVcU%253D/1/01000186583f62a0-7b05e239-c863-47b6-=
ab6c-244aedcd092b-000000/Jb7ve5ocT7uNMXhNDeeZ7ZeV1N0fOKu-LRFtMclneEs=3D288"=
 target=3D"_blank" rel=3D"noopener noreferrer" style=3D"color: rgb(10, 11, =
13); text-decoration: none;"><table style=3D"margin: 16px 0px 0px; width: 1=
00%;"><tbody><tr><td style=3D"font-size: 32px; line-height: 1.26; word-brea=
k: break-word; vertical-align: middle; white-space: nowrap;"><strong>BLUR</=
strong></td><td style=3D"vertical-align: middle; padding-left: 12px;"><img =
src=3D"https://dynamic-assets.coinbase.com/2d17173dcaf5e01cde91979c471b1830=
9c05e1933e298ce4b8251d3eb328786da3d910fee907090f30e0f5efa5583c507011312215b=
2a3a1965000754fc3489b/asset_icons/6e12dd89f4859eaaaf57794c332beeb5393aa8c37=
bd834d4eea9f0cd473785f4.png" width=3D"26" height=3D"26" style=3D"display: b=
lock; width: 26px; height: 26px; vertical-align: middle;"></td><td style=3D=
"vertical-align: middle; text-align: right; width: 100%;"><img src=3D"https=
://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46b=
b-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/Newsletter%20Assets/ne=
wlistings_light.png" width=3D"21" height=3D"18" style=3D"width: 21px; heigh=
t: 18px; vertical-align: middle;"></td></tr></tbody></table><p style=3D"mar=
gin: 0px; line-height: 1.6;">BLUR is the ERC-20 governance token of Blur.io=
, an NFT marketplace. </p></a><a href=3D"https://comm.coinbase.com/CL0/http=
s:%2F%2Flinks.coinbase.com%2Fa%2Fclick%3F_t=3D3aca56371967418192255878e9689=
713%26_m=3Db95eed02869a44bd9b0d2c74013b2ef2%26_e=3DVgjLuVcIF8s3DMSjAa6kMyFs=
7mp-4H6bZqBhCZjCwVrOfZWBG5yCLYsgi4I06SgrxwBr9IFogY1SGwEozvfekWiVclidyQ9HzEN=
04AqzsoXsSMWStFYaBg4Th8WKJdvgnImPxomKCzzYOk6CFtzgEqjmUG-lIbybidZyofevkAG2sU=
t859_K8SpgYgbD_V5uQes_-yIY21fvDjKqDj1Ya2C9ZT1HyrOl7tdOMgdANXNpKtWjnCzGeOc5b=
Os7r7TnSnUda86S9vTg0itXXjrBM3M183dDoJ-y0AobmQA_0H6qiR2sEm8hqCAQj-yINcZ8GU7r=
RqoIU6Eg-nK8-xoRo2LQEC91N_1ZyRTbcqPrU6Y%253D/1/01000186583f62a0-7b05e239-c8=
63-47b6-ab6c-244aedcd092b-000000/ztAU9ydCWQCKp4Ih6m8r5z0eHyxUUzNiTu1NPo8c3z=
s=3D288" target=3D"_blank" rel=3D"noopener noreferrer" style=3D"color: rgb(=
10, 11, 13); text-decoration: none;"><table style=3D"margin: 16px 0px 0px; =
width: 100%;"><tbody><tr><td style=3D"font-size: 32px; line-height: 1.26; w=
ord-break: break-word; vertical-align: middle; white-space: nowrap;"><stron=
g>VOXEL</strong></td><td style=3D"vertical-align: middle; padding-left: 12p=
x;"><img src=3D"https://dynamic-assets.coinbase.com/b4546dfbb4f0fad18c041ff=
4619b66551b7313b22883556e82cda6bd796f83d11bcaf68314358b0be341a92e61d025b602=
57ba3abd40d004efa19daf21e97129/asset_icons/80ad3b9805fdcac0cbf5f7b30b0e0f40=
f33e8947b162230bc861bd5d6f740a60.png" width=3D"26" height=3D"26" style=3D"d=
isplay: block; width: 26px; height: 26px; vertical-align: middle;"></td><td=
 style=3D"vertical-align: middle; text-align: right; width: 100%;"><img src=
=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713=
-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/Newsletter%20=
Assets/newlistings_light.png" width=3D"21" height=3D"18" style=3D"width: 21=
px; height: 18px; vertical-align: middle;"></td></tr></tbody></table><p sty=
le=3D"margin: 0px; line-height: 1.6;">VOXEL is the in-game token of Voxie T=
actics. </p></a><table width=3D"100%" role=3D"presentation" style=3D"table-=
layout: fixed; vertical-align: top; border-spacing: 0px; border-collapse: c=
ollapse; min-width: 100%; text-size-adjust: 100%;"><tbody><tr style=3D"vert=
ical-align: top;"><td valign=3D"top" style=3D"word-break: break-word; verti=
cal-align: top; min-width: 100%; text-size-adjust: 100%; padding: 48px 0px;=
"><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"100%" al=
ign=3D"center" role=3D"presentation" style=3D"table-layout: fixed; vertical=
-align: top; border-spacing: 0px; border-collapse: collapse; border-top: 2p=
x solid rgb(222, 224, 226); width: 100%;"><tbody><tr style=3D"vertical-alig=
n: top;"><td valign=3D"top" style=3D"word-break: break-word; vertical-align=
: top; text-size-adjust: 100%;"><span></span></td></tr></tbody></table></td=
></tr></tbody></table><p style=3D"margin: 0px; line-height: 1.6; word-break=
: break-word;"><strong>Trivia answer</strong></p><table style=3D"margin: 12=
px 0px 0px; line-height: 1.6; word-break: break-word;"><tbody><tr><td style=
=3D"padding-right: 12px;"><strong>D</strong></td><td>None the above =E2=80=
=94 or any of the above</td></tr></tbody></table><table style=3D"margin: 48=
px 0px 0px;"><tbody><tr><td style=3D"text-align: left;"><img src=3D"https:/=
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e_footer_wordmark.png" alt=3D"Coinbase" height=3D"26" style=3D"display: blo=
ck; height: 26px; margin-bottom: 24px;"></td></tr><tr><td><a href=3D"https:=
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Bzi6mCLaaanHzpH1XAFN8mSoBK_6LNvvVmtiC3g6znh8AfnuIiigJvFLKNbMgZaOye-_2jxut6N=
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oY6cZczc30XoMKQ5ukEgWIGwaQ3KRo0wMc83IFbIXuLoLQ3QvYW_P_slbOb629plIS5mKbiVnlg=
Mmc-bk4e22ta0/1/01000186583f62a0-7b05e239-c863-47b6-ab6c-244aedcd092b-00000=
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app" target=3D"_blank" rel=3D"noopener noreferrer"><img src=3D"https://d15k=
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L0/https:%2F%2Flinks.coinbase.com%2Fu%2Fclick%3F_t=3D3aca563719674181922558=
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Xv0Mem8kRx1bi6K-BDXqjjkZgXTpxkdJYVYjJwlRfnVfvPQ1SxZ_a_IxWG1lloi7Xwfu3Fpip2D=
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EjGfIm00naq0Aq_kU_gHNYyjvsOePjnN2iJzEtvK9qC7O4YHyrlQd_ThlNDXhXnX1imK_P_W-o2=
d4ZJw-oidgZCMZ_4smH6Nn7MdgWuhv3n56CY6LsC_K9DM1BouG2Mi7DCUO1Iiww_mFo/1/01000=
186583f62a0-7b05e239-c863-47b6-ab6c-244aedcd092b-000000/1dIkcQzhVUcmlh3kDYK=
tbbAT5IS1hF5JwyORIqB8po0=3D288" title=3D"coinbase android app" target=3D"_b=
lank" rel=3D"noopener noreferrer"><img src=3D"https://d15k2d11r6t6rl.cloudf=
ront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca=
56371967418192255878e9689713/Icons/app_google.png" alt=3D"Download on Googl=
e Play" height=3D"46" style=3D"display: block; height: 46px;"></a></td></tr=
></tbody></table><div style=3D"margin-top: 24px;"><p style=3D"font-size: 12=
px; line-height: 1.8; word-break: break-word; color: rgb(91, 97, 110);">Dis=
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