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Date: Thu, 22 Dec 2022 08:37:49 +0000
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From: Coinbase Bytes <newsletter@mail.coinbase.com>
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Reply-To: newsletter@mail.coinbase.com
Subject: =?UTF-8?Q?Crypto=E2=80=99s_wild_year,_in_numbers?=
To: Vincent Herbert <vince@showfile.com>

------=_Part_7169945_919436799.1671698269237
Content-Type: text/plain; charset=UTF-8
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Coinbase Bytes Plus, 4 CEOs sound off on the future of the industry. View i=
n=20
browser=20
<https://links.coinbase.com/e/evib?_t=3D3aca56371967418192255878e9689713&_m=
=3D5e0fb4089c4948eb8872d27abf46523f&_e=3D6g-sxZgyGNnxinRZ2THCzxtDe87OisK8Hx=
eZ0CXQ4mNSgFna-QZ7USbCSv66O4PPtb1KhvZHedzsLW_6IgkDEg%3D%3D>
 <https://coinbase.com>=20
 22/12/2022
 <https://www.coinbase.com>=20
=E2=80=98Tis the season to review crypto=E2=80=99s historic, tumultuous yea=
r. [Andriy=20
Onufriyenko via Getty Images]

What=E2=80=99s up? It=E2=80=99s Coinbase Bytes=20

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

 * Crypto=E2=80=99s wild year, by the numbers. We=E2=80=99re reviewing the =
highs and lows of=20
2022 with the year=E2=80=99s most important crypto stats.=20
 * 4 CEOs assess the state of crypto. As crypto=E2=80=99s tumultuous year w=
inds down,=20
here=E2=80=99s what some prominent leaders are saying about the industry=E2=
=80=99s future.=20
 * The latest Coinbase news. How to gift BTC this holiday season and a repo=
rt=20
on 2023 themes to watch.=20




Bitcoin

 =C2=A313,839.01=20

 -3.12%=20
 <https://coinbase.com/price/bitcoin?bytes_title=3Dbitcoin>=20

Ethereum

 =C2=A3998.85=20

 -3.88%=20
 <https://coinbase.com/price/ethereum?bytes_title=3Dethereum>=20


Dogecoin

 =C2=A30.06=20

 -14.41%=20
 <https://coinbase.com/price/dogecoin?bytes_title=3Ddogecoin>=20

Cardano

 =C2=A30.21=20

 -14.77%=20
 <https://coinbase.com/price/cardano?bytes_title=3Dcardano>=20


Polygon

 =C2=A30.65=20

 -10.57%=20
 <https://coinbase.com/price/polygon?bytes_title=3Dpolygon>=20

Polkadot

 =C2=A33.65=20

 -12.89%=20
 <https://coinbase.com/price/polkadot?bytes_title=3Dpolkadot>=20


Bitcoin

 =C2=A313,839.01=20

 -3.12%=20
 <https://coinbase.com/price/bitcoin?bytes_title=3Dbitcoin>=20

Ethereum

 =C2=A3998.85=20

 -3.88%=20
 <https://coinbase.com/price/ethereum?bytes_title=3Dethereum>=20

Dogecoin

 =C2=A30.06=20

 -14.41%=20
 <https://coinbase.com/price/dogecoin?bytes_title=3Ddogecoin>=20


Cardano

 =C2=A30.21=20

 -14.77%=20
 <https://coinbase.com/price/cardano?bytes_title=3Dcardano>=20

Polygon

 =C2=A30.65=20

 -10.57%=20
 <https://coinbase.com/price/polygon?bytes_title=3Dpolygon>=20

Polkadot

 =C2=A33.65=20

 -12.89%=20
 <https://coinbase.com/price/polkadot?bytes_title=3Dpolkadot>=20
Price changes are for the past week, ending on Dec 22, 2022 at 08:03 AM UTC
See the latest prices <>=20



 YEAR IN REVIEW=20

The key numbers behind crypto=E2=80=99s historic, tumultuous year

One calendar year in the cryptosphere always manages to somehow feel closer=
 to=20
a decade thanks to the velocity of innovation and the volume of headline-ma=
king=20
stories. 2022 gave us plenty of news to keep up with =E2=80=94 some good, s=
ome, well,=20
not so good. From Ethereum=E2=80=99s historic eco-friendly upgrade to FTX=
=E2=80=99s infamous=20
collapse, here=E2=80=99s a review of the numbers that account for the highs=
 and lows of=20
crypto=E2=80=99s turbulent, decade-long year.

$2 trillion

Approximate value that the crypto market has shed since peaking near $3=20
trillion in November 2021. The total value of the crypto market as of Decem=
ber=20
20 is roughly$850 billion <https://www.coingecko.com/en/global-charts>, nea=
r=20
lows for the year, and pressured by ongoing inflation and recessions fears,=
 as=20
well as liquidity crises and firm insolvencies in the crypto space.

$18.3 billion

Amount of venture capital raised=20
<https://fortune.com/crypto/2022/10/05/crypto-vc-funding-down-50-from-last-=
quarter/>
 by crypto startups during the first three quarters of 2022. While that fig=
ure=20
is lower than the $23 billion raised by crypto startups in the same span la=
st=20
year, steady VC investment in web3 has defied bear market headwinds.

$135 million

Amount of crypto donations=20
<https://www.coindesk.com/layer2/2022/06/10/where-the-coins-go-inside-ukrai=
nes-125m-wartime-fundraise/>
 raised for Ukraine in the first three months after Russia invaded in Febru=
ary.=20
BTC, ETH, and stablecoins including USDT,USDC=20
<https://fortune.com/crypto/2022/12/15/un-crypto-aid-ukrainian-refugees-sta=
blecoin-usdc-stellar/?utm_source=3Dtldrnewsletter>
, and DAI accounted for most of the fundraising, and because crypto assets=
=20
enable near-instant, cross-border donations, Ukraine was able to quickly us=
e=20
funds for supplies like medical kits, bulletproof vests, surveillance drone=
s,=20
and food.

2.4 million=20

The approximate number of new users=20
<https://dune.com/danning.sui/dex-users-across-chains> who made a trade usi=
ng a=20
decentralized exchange=20
<https://www.coinbase.com/learn/crypto-basics/what-is-a-dex> via Polygon=20
<https://www.coinbase.com/learn/crypto-basics/what-is-polygon> in 2022.=20
Polygon=E2=80=99s new-user growth rate this year accelerated faster than bo=
th Ethereum=20
and Solana in the same time period.

208,000

Number of USD Coin <https://www.coinbase.com/usdc> (a stablecoin redeemable=
=20
for $1) addresses with balances over $1,000 as of this month =E2=80=94 anal=
l-time high=20
<https://www.theblock.co/data/decentralized-finance/stablecoins/usdc-addres=
ses-with-balance-over-x>
. This development was likely bolstered by several Coinbase initiatives,=20
includingwaiving fees=20
<https://www.coinbase.com/blog/switch-to-the-trusted-and-reputable-digital-=
dollar-usdc>
 for converting USDT into USDC, and when buying or selling USDC with anyglo=
bal=20
fiat currency=20
<https://www.coinbase.com/blog/increasing-access-to-usdc-internationally-co=
mmission-free-trading>
 supported by the exchange.

114

Number of nations that are exploring their own =E2=80=9Ccentral bank digita=
l=20
currencies.=20
<https://www.atlanticcouncil.org/cbdctracker/?mkt_tok=3DNjU5LVdaWC0wNzUAAAF=
-ahMwPlyDM7VU1yzT_tbfFFaI2NCo4VpkBGtGWojmI9gbkNlLtMmOLC81j-Fv7aHiGCyEGOXYpd=
TUoT7nqA>
=E2=80=9D CBDCs are a completely digital version of government-issued money=
. Unlike=20
Bitcoin, CBDCs are centralized legal tender, created and controlled by a=20
government or central bank. Like Bitcoin, they can be used for fast and=20
inexpensive global payments.

99.95%

The energy-efficiency improvement of Ethereum after the network completed i=
ts=20
long-awaitedMerge=20
<https://www.coinbase.com/bytes/archive/what-happens-after-ethereum-merge> =
in=20
September. The upgrade changed how the second-largest blockchain verifies=
=20
transactions, replacing the energy-intensiveProof of Work=20
<https://www.coinbase.com/learn/crypto-basics/what-is-proof-of-work-or-proo=
f-of-stake>
 method for the more eco-friendly Proof of Stake.

96%

The price decline of Terra=E2=80=99s LUNA token in a 24-hour period in May,=
 shortly=20
after the crypto=E2=80=99s related stablecoin, TerraUSD, a so-called algori=
thmic=20
stablecoin, lost its peg to the dollar and prompted both of Terra=E2=80=99s=
=20
undercollateralized tokens tocollapse=20
<https://www.coindesk.com/learn/the-fall-of-terra-a-timeline-of-the-meteori=
c-rise-and-crash-of-ust-and-luna/>
. The ensuing $30 billion wipeout sent shockwaves through the crypto indust=
ry=20
that promptedliquidity crises=20
<https://www.coinbase.com/bytes/archive/crypto-winter-market-bottom> for fi=
rms=20
including Celsius, Three Arrows Capital, and more.

14

Age, as of October 31, of Satoshi Nakamoto's=20
<https://www.coinbase.com/learn/crypto-basics/who-is-satoshi-nakamoto> Bitc=
oin=20
whitepaper, which outlines the core mechanics of the cryptocurrency. Next=
=20
month, on January 3, Bitcoin will celebrate the 14th anniversary of the fir=
st=20
transaction ever recorded on the network. The message inscribed in the =E2=
=80=9CGenesis=20
Block <https://en.bitcoin.it/wiki/Genesis_block>'' referenced a newspaper=
=20
headline about the Great Recession, a key factor in Bitcoin=E2=80=99s creat=
ion: =E2=80=9CThe=20
Times 03/Jan/2009 Chancellor on brink of second bailout for banks.=E2=80=9D

9.1%

This year=E2=80=99s peak inflation=20
<https://www.wsj.com/livecoverage/stock-market-news-inflation-consumer-pric=
e-index-june-2022>
 reading, from June=E2=80=99s Consumer Price Index, which indicated the U.S=
. was seeing=20
the worst year-over-year inflation increase in 41 years. Red-hot inflation,=
 and=20
the Federal Reserve=E2=80=99s attempt to combat it by raising interest rate=
s, have
pressured most markets=20
<https://www.coinbase.com/bytes/archive/why-global-markets-are-declining-in=
flation-federal-reserve>
 in 2022, especially riskier growth assets like tech stocks and crypto.

8

Number of charges=20
<https://www.nytimes.com/2022/12/13/business/sbf-criminal-indictment.html> =
that=20
Federal prosecutors in Manhattan have brought against Sam Bankman-Fried, th=
e=20
now-infamous former CEO of FTX. A day after SBF was arrested in the Bahamas=
,=20
U.S. prosecutors unsealed a 13-page indictment, which included counts of=20
securities fraud, wire fraud, and multiple conspiracy counts including mone=
y=20
laundering and campaign finance violations. FTX, once valued at $32 billion=
, is=20
currently in the bankruptcy process. Current CEO John Ray III, who oversaw=
=20
Enron=E2=80=99s bankruptcy,said of FTX in a filing=20
<https://fortune.com/2022/11/17/ftx-bankruptcy-filing-john-ray-never-seen-c=
omplete-failure-sam-bankman-fried/>
: =E2=80=9CNever in my career have I seen such a complete failure of corpor=
ate controls=20
and absence of trustworthy financial information.=E2=80=9D

#1=20

Vietnam=E2=80=99s ranking on Chainalysis=E2=80=99s 2022 Global Crypto Adopt=
ion index, the=20
second straight year that it held the top spot. The report,which ranks 146=
=20
countries=20
<https://blog.chainalysis.com/reports/2022-global-crypto-adoption-index/> i=
s=20
based on five weighted metrics, such as centralized exchange trade volume a=
nd=20
peer-to-peer trade volume.
Learn crypto basics <https://www.coinbase.com/learn/crypto-basics>=20

 TOP BRASS=20

Four CEOs discuss the future of crypto

As 2022 enters its final stretch, many leaders inside and outside the crypt=
o=20
industry have been surveying the broader landscape after a historically=20
challenging year. This week we=E2=80=99re taking a look at what the CEOs of=
 Goldman=20
Sachs, BlackRock, Uniswap Labs, and Coinbase are thinking about the state o=
f=20
the cryptocurrency industry heading into 2023.

David Solomon, CEO of Goldman Sachs, wrote an op-ed in the Wall Street Jour=
nal=20
arguing for the potential use-cases of blockchain technology.

 * In a piece titled =E2=80=9CBlockchain Is Much More Than Crypto,=20
<https://www.wsj.com/articles/blockchain-is-much-more-than-crypto-david-sol=
omon-goldman-sachs-smart-contracts-11670345993>
=E2=80=9D Solomon argued that =E2=80=9Ccryptocurrencies are only one of blo=
ckchain=E2=80=99s many=20
applications,=E2=80=9D noting that Goldman has already used a private block=
chain to=20
reduce the settlement time of an international bond sale from the tradition=
al=20
days-long period down to one minute.=20
 * Solomon also said that blockchain tech has the ability to make the=20
financial system =E2=80=9Cmore transparent=E2=80=9D and =E2=80=9Cmore acces=
sible=E2=80=9D withsmart contracts=20
<https://www.coinbase.com/learn/crypto-basics/what-is-a-smart-contract> and=
=20
tokenization. The former can enable automatic, trustless trade executions=
=20
between parties, while the latter could allow smaller investors to break in=
to=20
high-barrier markets like real-estate funds =E2=80=94 =E2=80=9Cyou could bu=
y fractions of=20
individual buildings =E2=80=A6 No longer would real estate investing be the=
 preserve of=20
the ultraweathy.=E2=80=9D=20


Larry Fink, CEO of BlackRock, the world=E2=80=99s largest asset manager, re=
cently=20
discussed the adverse macro climate for crypto businesses =E2=80=94 but poi=
nted to the=20
promise of tokenization.

 * At a New York Times conference=20
<https://fortune.com/2022/12/01/blackrocks-larry-fink-predicts-most-crypto-=
firms-fold-wake-ftx-collapse-but-wont-be-end-defi/>
 earlier this month, Fink offered a sobering, post-FTX take on the crypto=
=20
industry: =E2=80=9CI actually believe most of the companies are not going t=
o be=20
around.=E2=80=9D But that negative outlook was countered by a big endorseme=
nt of crypto=20
technology from the former crypto skeptic: =E2=80=9CI actually believe this=
 technology=20
is going to be very important,=E2=80=9D said Fink. =E2=80=9CI believe the n=
ext generation for=20
markets, the next generation for securities, will be tokenization of=20
securities.=E2=80=9D=20
 * In August, BlackRock partnered=20
<https://www.coinbase.com/blog/coinbase-selected-by-blackrock-provide-aladd=
in-clients-access-to-crypto-trading-and-custody-via>
 with Coinbase to offer institutional clients direct access to crypto tradi=
ng=20
via the asset manager=E2=80=99s Aladdin investment platform and its inaugur=
al spot BTC=20
private trust.=20


Hayden Adams is the creator of Uniswap, a prominent decentralized exchange=
=20
<https://www.coinbase.com/learn/crypto-basics/what-is-a-dex#:~:text=3DA%20d=
ecentralized%20exchange%20(better%20known,any%20other%20kind%20of%20interme=
diary.>
, and the CEO of Uniswap labs. In an opinion piece forThe Economist,=20
<https://www.economist.com/by-invitation/2022/12/06/a-crypto-exchange-found=
er-makes-his-case-for-decentralised-finance>
 he described the opportunities of decentralized finance.

 * Linking the failure of several centralized firms =E2=80=94 FTX, BlockFi,=
 and=20
Celsius =E2=80=94 to, in part, a lack of transparency about customer funds,=
 Adams noted=20
that still-nascentDeFi=20
<https://www.coinbase.com/learn/crypto-basics/what-is-defi> technology will=
=20
ultimately provide greater visibility and better consumer protection.=20
 * =E2=80=9CIn DeFi, where data and analytics are free and publicly accessi=
ble, the=20
balance-sheets supporting lending or trading are transparent,=E2=80=9D wrot=
e Adams.=20
=E2=80=9CAnyone with an internet connection can track a protocol=E2=80=99s =
assets and=20
liabilities on a per-second basis.=E2=80=9D=20
 * The Uniswap creator also articulated the benefits of DeFi=E2=80=99s self=
-custody=20
model, in which users can directly connectcrypto wallets=20
<https://www.coinbase.com/wallet> to trading and lending protocols without=
=20
=E2=80=9Crequiring =E2=80=A6 assets to sit on the balance-sheet of a financ=
ial intermediary.=E2=80=9D=20


This week, Coinbase CEO Brian Armstrong outlined a blueprint for regulatory=
=20
clarity in anarticle=20
<https://www.coinbase.com/blog/regulating-crypto-how-we-move-forward-as-an-=
industry-from-here>
 titled =E2=80=9CRegulating Crypto: How we move forward as an industry from=
 here.=E2=80=9D

 * In his three-part framework, Armstrong aims to =E2=80=9Censure we have r=
egulatory=20
clarity for centralized actors, and a level playing field across exchanges,=
=20
while preserving the decentralized crypto innovations that will bring enorm=
ous=20
benefits to the world.=E2=80=9D=20
 * The first initiative, Armstrong writes, should be to =E2=80=9Ccreate reg=
ulatory=20
clarity around centralized actors in crypto (stablecoin issuers, exchanges,=
 and=20
custodians).=E2=80=9D He outlines potential steps for each and also offers =
a new=20
approach for differentiating between securities and commodities in the cryp=
to=20
space.=20
 * For the rapidly evolving world of decentralized finance, Armstrong point=
s=20
out that =E2=80=9Ctransparency is built in by default.=E2=80=9D He goes on =
to say that=20
=E2=80=9Cself-custodial wallets should be treated as software companies,=E2=
=80=9D while=20
=E2=80=9Ccreating decentralized protocols =E2=80=A6 should be equivalent to=
 publishing open=20
source code, which is protected by freedom of speech in the U.S.=E2=80=9D=
=20

Read Brian=E2=80=99s full article=20
<https://www.coinbase.com/blog/regulating-crypto-how-we-move-forward-as-an-=
industry-from-here>



 AROUND COINBASE=20

Coinbase CFO Alesia Haas reviews 2022 on the podcast. Plus, last-minute cry=
pto=20
gift ideas

 * In this year=E2=80=99s final episode of the Around the Block=20
<https://open.spotify.com/show/4QsMNyNEUDu62E3L1PSlWB> podcast, Coinbase CF=
O=20
Alesia Haas and Sr. Manager of Institutional Research David Duong discuss t=
he=20
key events and takeaways from the year in crypto as well as the opportuniti=
es=20
to expand crypto use cases in 2023.=20
 * Coinbase Institutional has just published its Crypto Market Outlook=20
<https://www.coinbase.com/institutional/research-insights/research/market-i=
ntelligence/2023-crypto-market-outlook>
 for 2023, which, against the backdrop of the 2022 crypto winter, presents=
=20
three key themes expected to prevail in the next year as well as updates on=
=20
Bitcoin, Ethereum, regulation, and more.=20
 * Coinbase has published its fourth Transparency Report=20
<https://www.coinbase.com/blog/transparency-report-2022>, which aims to pro=
vide=20
customers with data about requests for their information that we receive fr=
om=20
government agencies and law enforcement.=20
 * This holiday season, Warner Brothers Entertainment, Coinbase, and Daz 3D=
=20
are teaming up on a one-of-a-kind digital collectible project to allow fans=
 to=20
create custom holiday cards with their favorite WB characters. You can send=
=20
friends and family customized holiday cards featuring characters like Frost=
y=20
the Snowman, the Scooby-Doo Squad, the Justice League, and more. Head to
Coinbase NFT <https://nft.coinbase.com/drops/crypto-cards> to create yours.=
=20
 * Speaking of the holidays, not sure what to give your family and friends?=
=20
Consider acrypto gift card <https://www.prezzee.com/store/coinbase-gift-car=
d/>.=20





 TOKEN TRIVIA=20

What can you do with a crypto wallet?

A Send and receive crypto from anywhere in the world=20
B Secure and store your private keys=20
C Interact with decentralized finance apps=20
D All of the above=20
Find the answer at the end of the email.
Read up on wallets=20
<https://www.coinbase.com/learn/crypto-basics/what-is-a-crypto-wallet>=20



 NOW TRADING ON COINBASE=20

EGLD=20
EGLD is the native token of the MultiversX blockchain network.=20
 <https://www.coinbase.com/price/multiversx?bytes_new=3Dmultiversx>=20
MAGIC=20
MAGIC is the utility token of Treasure, an NFT ecosystem built on Arbitrum.=
=20
 <https://www.coinbase.com/price/magic-token?bytes_new=3Dmagic-token>=20
ANT=20
ANT is the ERC-20 governance token of Aragon, a DAO tooling platform.=20
 <https://www.coinbase.com/price/aragon?bytes_new=3Daragon>=20


Trivia answer

D All of the above=20

 <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>=20
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 2022 | 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 2022 | 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 =
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electronic money.

 Cryptocurrency is not regulated by the UK Financial Conduct Authority and =
is=20
not subject to protection under the UK Financial Services Compensation Sche=
me=20
or within the scope of jurisdiction of the UK Financial Ombudsman Service.=
=20
Investing in cryptocurrency comes with risk and cryptocurrency may gain in=
=20
value, or lose some or all value. Capital gains tax may be applicable to=20
profits from cryptocurrency sales.


Unsubscribe=20
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------=_Part_7169945_919436799.1671698269237
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ze: 16px;color: #0A0B0D;"><span style=3D"color:transparent;visibility:hidde=
n;display:none;opacity:0;height:0;width:0;font-size:0;">Plus, 4 CEOs sound =
off on the future of the industry.</span><img src=3D"https://links.coinbase=
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<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"ht=
tps://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=
=3D5e0fb4089c4948eb8872d27abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-NattTme28kNaeno=
IpmM3ivXGtbbZIZ6_k5Zrb2qXMSKMEKHjjgdplsuijkHAwf6QYD8PtTy26E_g4sZU830vtJhaFt=
dbbKTpFFiDyFtFKAdpv8W35NwdRbaWpTOnWp3q5gwck2yTq2jxPYm5ND9kRdwZp4DaUT97EVM5_=
WQutdXL1Gpm5J4VvI5CJOx4W8rtrvRpM2NXED5q74KLXC3gdxbkmO4v9-fWk5Z9xfJmXAXob_64=
ZCJ4kBtUzkjt0ctr0UQqOOT5BOMJEgu6oN3CrUVoCd59x7XTBCVCriqoNAsYD" title=3D"Coi=
nbase Bytes" target=3D"_blank" rel=3D"noopener noreferrer"><img src=3D"http=
s://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46=
bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/cbytes-4x.png" height=
=3D"36" style=3D"display: block; height: 36px;"></a></td> <td style=3D"text=
-align: right;"><p style=3D"font-size: 20px; color: rgb(10, 11, 1); margin:=
 10px 0px 0px;"> 22/12/2022</p></td> </tr> </tbody> </table> </div> <a href=
=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e968971=
3&_m=3D5e0fb4089c4948eb8872d27abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-NamIiWvQj5T=
Fvqx-oznqgCvrA40FeF6oCVYprahwgtW4RlQgfc2H7aATd-3jSnkJDZOxC9aijMvcmvIixBtH6_=
lUe7VrAwt_XCnF9qAEqUfK2yMYkdajcSyA2LWA795j4KbnpVKo4PEKurRPsus3bsaoT0ZcTyVNm=
Q99QGYgAroFKil3G0NZH47rUvWhXuRsD56PbFlzR5K4cGrACEBnI6cjQlGDJjNL0mOBl27aAwDq=
vR4xwiGJPbHziKvNAGkH0YNkTIzWmjQzKlehENI9MQiy4vpiENWw9tREEwqNwXjc3" target=
=3D"_blank" rel=3D"noopener noreferrer"><img src=3D"https://images.ctfasset=
s.net/q5ulk4bp65r7/68g3ZBXhYN6WOl22W7tCyb/2588b3c2d8a1bba95f6dab53fe964cfa/=
Andriy_Onufriyenko_via_Getty_Images.jpg" width=3D"100%" style=3D"display: b=
lock; width: 100%;"></a> <p style=3D"margin: 16px 0px 0px; line-height: 1.5=
; word-break: break-word; font-size: 12px; color: rgb(91, 97, 110);">=E2=80=
=98Tis the season to review crypto=E2=80=99s historic, tumultuous year. [An=
driy Onufriyenko via Getty Images]</p> <p style=3D"margin: 48px 0px 16px; f=
ont-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: 0=
px; line-height: 1.6; word-break: break-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;"><!--<![endif]--> <li style=3D"margin: 0px; paddi=
ng: 6px 0px;"><strong>Crypto=E2=80=99s wild year, by the numbers. </strong>=
We=E2=80=99re reviewing the highs and lows of 2022 with the year=E2=80=99s =
most important crypto stats.</li> <li style=3D"margin: 0px; padding: 6px 0p=
x;"><strong>4 CEOs assess the state of crypto. </strong>As crypto=E2=80=99s=
 tumultuous year winds down, here=E2=80=99s what some prominent leaders are=
 saying about the industry=E2=80=99s future.</li> <li style=3D"margin: 0px;=
 padding: 6px 0px;"><strong>The latest Coinbase news. </strong>How to gift =
BTC this holiday season and a report on 2023 themes to watch. </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;"> <table style=3D"width:100%;table-layout:fixed;margin:0;"> <tbody>=
 <tr> <td style=3D"padding-top:40px;"> <a href=3D"https://links.coinbase.co=
m/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D5e0fb4089c4948eb8872d2=
7abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-NagnPKY-4fsPMeT6Xew5MbjzDyMh2jzUCYd036bl=
W8-fUCcHb7xtLdfHHIYs90WU73NzimkegUNzmN2W7Iq9wY_dGOQfihoIwbQh47ojLgfQw9uwhAh=
k-LknObNZ6d2H_nTe-g0zEB504a7A9Fvi3hKgyOhsl3ToJXbQ6maVN-jQiE1mdzH8IuwGdPMZvd=
I8SNQE_DK5Mrllc8yIj-zh2KFnDdxBzwxJTvXlGsutTZvY6pu1IkMfW-WopPuLOUK-23LGOUOr2=
8Ih_94-vg6HHKQOuVKMJgNAC-SKD6gsGYV0yzviIYOtQ7TKUPr9x30z1M9eWFlLquI369pit2-S=
Brf0%3D" 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/down-arrow.pn=
g" style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:to=
p;" height=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;vertical-alig=
n: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=A313,839.01 </p> <p style=3D"margin:0;font-size:12px;"> -3.=
12% </p> </div> </td> </tr> </tbody> </table> </a> </td> <td style=3D"paddi=
ng-top:40px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371=
967418192255878e9689713&_m=3D5e0fb4089c4948eb8872d27abf46523f&_e=3DzHIBLBlE=
cBWCVsmUj0-NagnPKY-4fsPMeT6Xew5MbjzWkKCjcJoriMcjcQtTEAcx_O7cwZu3IRpPYrD0ghR=
ta1Pqt9_19sj9UGzyVaT1Xu0lNP0jUIzrIM6rKZxPpgwUKEqxZo0FxQFrgqAiRkLHUrZe40YwRd=
dpdeieeUnD3frWbFzZFb-gJ5oM-BRJwUvDXUNndGDzhCZX7-ueC24s9R9KoDfssO66rV6grbSuC=
wWJw2wod8j-y0accsaSYg7hDATFrB_e-y-xaub4OfzxiTl5g8UCAMJJokgaMzmpy2lxN0jRZ1eO=
sPjzqCwYASrHOImFP_NK9T0PQsoizK_hHqsm6Dl2P7baBROXQOkNCSE%3D" target=3D"_blan=
k" 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-c542cff6dd=
6a/3aca56371967418192255878e9689713/down-arrow.png" style=3D"height:12px;wi=
dth: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"tex=
t-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=A3998.85 =
</p> <p style=3D"margin:0;font-size:12px;"> -3.88% </p> </div> </td> </tr> =
</tbody> </table> </a> </td> </tr> <tr> <td style=3D"padding-top:20px;"> <a=
 href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9=
689713&_m=3D5e0fb4089c4948eb8872d27abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-NagnPK=
Y-4fsPMeT6Xew5Mbjy5CL2rpamVVYLaM14Z-KDKeCkxHy7VvvXq5Tq0F8yyDMxEvDS6to-nMIMq=
0pmJk3UziVmjEoedh0IlXDq5xh1f6FPs14HbaO8-G4UgaX8Bce9hpnlULpAbdyhSJER4uZraQ5V=
cUeHQ5s1YjhjweHGxhvRfpnFZllvJ0s2_M-Rd1oKpq5rz7loeUJzrHXoyQaFz4Cp5E2DY16nH9f=
hFtE7dJ97n9E5_01hUbtsESTR6qOCYDbxSBK96uJJvn5S-ba4k9J1lYclYLZ2-CodCizmvIp8Wq=
OLIzt66k1vbTFCs6rM3yx9Z11n2WswYAgyFoIA%3D" 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/p=
ublic/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5637196741=
8192255878e9689713/down-arrow.png" style=3D"height:12px;width:12px;margin:2=
px 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;marg=
in:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Dogecoi=
n</strong></p> <p style=3D"margin:8px 0px;"> =C2=A30.06 </p> <p style=3D"ma=
rgin:0;font-size:12px;"> -14.41% </p> </div> </td> </tr> </tbody> </table> =
</a> </td> <td style=3D"padding-top:20px;"> <a href=3D"https://links.coinba=
se.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D5e0fb4089c4948eb8=
872d27abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-NagnPKY-4fsPMeT6Xew5MbjySmSJlaIMR3F=
WqArnIy60htjrgkNgrYWmQ-sDJsSd7UuUrxoNXWxHyT3d34KomoSy9NfvVhvSCc6bQ3i6kBOVIJ=
b-hqpLeY9h50YnzivJz5VVQskuUklm7GmclpjlMtbNkEJ5YCKseVxBpUnCb4fbNie37fwAeAnuf=
9bSLPhLrFqX1gNlSWwoBSEMwaapWWa3xHLeSOLecrDaautkzDqKHiaWh38uBmk10_NdxZYDLzkq=
Y6vPFglqFADJ6qqtJslxrAO2-cjB0x3tnKvLck1V4-Z6AO48rMgS4NqcNnUSCPm0xx77NvJlT8W=
M--gvhHXY%3D" 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/down-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-a=
lign:top;"> <div style=3D"text-align:left;margin:0px 0px 0px 10px;line-heig=
ht:1;"> <p style=3D"margin:0;"><strong>Cardano</strong></p> <p style=3D"mar=
gin:8px 0px;"> =C2=A30.21 </p> <p style=3D"margin:0;font-size:12px;"> -14.7=
7% </p> </div> </td> </tr> </tbody> </table> </a> </td> </tr> <tr> <td styl=
e=3D"padding-top:20px;"> <a href=3D"https://links.coinbase.com/a/click?_t=
=3D3aca56371967418192255878e9689713&_m=3D5e0fb4089c4948eb8872d27abf46523f&_=
e=3DzHIBLBlEcBWCVsmUj0-NagnPKY-4fsPMeT6Xew5MbjycMkHcXa8puyiGc9ynK2Cub8zqud_=
giflF6f9mU9JvEocEfd0qoq8tXNmC7v8XOjYbJknw1_r53NhV6Y47Qzh7WdIOnRpcYaBDQZePS9=
c60KJENLMjAWIXaBUN3qKOKNxMKRheWSvFz7CZ5c2CREZYlgMLkXUiTkwDPbGX8IWBF5Cs9JDgE=
tnlfJNntLEqAZuTXOR_3jz9Gl0420lsCaqHaasTAL_zlXsUFvvEPtMHicRxL9nOWJMZCkA_1OC6=
CQo5sHbUpWrkf-fUneW9S8DYQz2K_so28Sp3HMycWwQsKVC1J3ecBuh3o33WgvzkTU4%3D" tar=
get=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbod=
y> <tr> <td style=3D"padding:0;vertical-align:top;"> <img src=3D"https://d1=
5k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7=
e-c542cff6dd6a/3aca56371967418192255878e9689713/down-arrow.png" style=3D"he=
ight: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>Polygon</strong></p> <p style=3D"margin:8px 0px;"> =
=C2=A30.65 </p> <p style=3D"margin:0;font-size:12px;"> -10.57% </p> </div> =
</td> </tr> </tbody> </table> </a> </td> <td style=3D"padding-top:20px;"> <=
a href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e=
9689713&_m=3D5e0fb4089c4948eb8872d27abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-NagnP=
KY-4fsPMeT6Xew5MbjydsYOBV4atC8GDWTbi4m3sQtktaINOGseazpPb3kOJKkkT5Y31x53Eaip=
m-t0hOj_sPS635_Y_BeOQpfouUjJTkZE87bwu2dhUn4mLNTg_2UGqgb48Vw4xjzQzW8uXqKlZRG=
CDIloynp8Am2tzBCKkTE-meik9cYXvLqqA4Qzr4aBJwXH45rG9bx06AmSsvklT9IVIql8ShEEUo=
eKImGJyAcuHoQi6ge4iCbQuApLf_uzTApAd4q7MlqC7eBSOnsDxWj5OYtRTmutCebAjL7m9Lpfd=
l8z9H4u_2zifwqF-yDet2o6KS54gcek83GwvyPI%3D" 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/3aca563719674=
18192255878e9689713/down-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;mar=
gin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Polkad=
ot</strong></p> <p style=3D"margin:8px 0px;"> =C2=A33.65 </p> <p style=3D"m=
argin:0;font-size:12px;"> -12.89% </p> </div> </td> </tr> </tbody> </table>=
 </a> </td> </tr> </tbody> </table> </div> <!--<![endif]--> <div class=3D"m=
obile_hide"> <table style=3D"width:100%;table-layout:fixed;margin:0;"> <tbo=
dy> <tr> <td style=3D"padding-top:40px;"> <a href=3D"https://links.coinbase=
.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D5e0fb4089c4948eb887=
2d27abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-NagnPKY-4fsPMeT6Xew5MbjzDyMh2jzUCYd03=
6blW8-fUCcHb7xtLdfHHIYs90WU73NzimkegUNzmN2W7Iq9wY_dGOQfihoIwbQh47ojLgfQw9uw=
hAhk-LknObNZ6d2H_nTe-g0zEB504a7A9Fvi3hKhMB499j9PhdrNWP9YU1rSa5Qf6qstuGpDAod=
vA1xBJK6FZh2VE2t4-feS-Sddnrq4Xsvt0wUe1Mqk-K7r9zcg_s0wbiEVQfXcNmL0xdtrtZXwYT=
7WL-aFjpjjPDoiIEh5HxmEf3wsP4fuEd1O9UBK5sG7FDjBNHXEUIwWge4SksqT39A7eys1yIMb-=
gAKlixk%3D" target=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"=
> <table> <tbody> <tr> <td style=3D"padding:0;vertical-align:top;"> <img sr=
c=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d571=
3-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/down-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>Bitcoin</strong></p> <p style=3D"margi=
n:8px 0px;"> =C2=A313,839.01 </p> <p style=3D"margin:0;font-size:12px;"> -3=
.12% </p> </div> </td> </tr> </tbody> </table> </a> </td> <td style=3D"padd=
ing-top:40px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637=
1967418192255878e9689713&_m=3D5e0fb4089c4948eb8872d27abf46523f&_e=3DzHIBLBl=
EcBWCVsmUj0-NagnPKY-4fsPMeT6Xew5MbjzWkKCjcJoriMcjcQtTEAcx_O7cwZu3IRpPYrD0gh=
Rta1Pqt9_19sj9UGzyVaT1Xu0lNP0jUIzrIM6rKZxPpgwUKEqxZo0FxQFrgqAiRkLHUrZe40YwR=
ddpdeieeUnD3frWbFzZFb-gJ5oM-BRJwUvDmEZeRKfjRqqKQlFrl7PBgRtx5RlLBVe3T7i-dpo-=
gvSETsqWPoNQL6FNzcdOljvKn4pmtGbbXoJzIKZ-YnH8c3R-4etCOIajENuGOl862xMMQ6vief-=
igw9lT5UYidxPPoqvQHDCQ9r2O2beQM62gg0BWkj58iZaziYgdYfC4_o%3D" target=3D"_bla=
nk" style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td=
 style=3D"padding:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6r=
l.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6d=
d6a/3aca56371967418192255878e9689713/down-arrow.png" style=3D"height:12px;w=
idth: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=A3998.=
85 </p> <p style=3D"margin:0;font-size:12px;"> -3.88% </p> </div> </td> </t=
r> </tbody> </table> </a> </td> <td style=3D"padding-top:40px;"> <a href=3D=
"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_=
m=3D5e0fb4089c4948eb8872d27abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-NagnPKY-4fsPMe=
T6Xew5Mbjy5CL2rpamVVYLaM14Z-KDKeCkxHy7VvvXq5Tq0F8yyDMxEvDS6to-nMIMq0pmJk3Uz=
iVmjEoedh0IlXDq5xh1f6FPs14HbaO8-G4UgaX8Bce9hpnlULpAbdyhSJER4uZraQ5VcUeHQ5s1=
YjhjweHGx-D6eLXS9uYNmbUm21x4ZRyaM9bCSv9Jeq9Y4o92K4V5M1PGOoRxZl5BBMR3bC5DvxZ=
rCJ3L7v4wT3Gf18CNE5OS5n5pPm7S68eLs3ncNjF8cMDBNsGsckvlHUheC42mCgrjJB07ExOJ8r=
GZ4xet3uDBIUxJaUe-OidFcLPdb0bY%3D" target=3D"_blank" style=3D"text-decorati=
on:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertic=
al-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/us=
ers/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca563719674181922558=
78e9689713/down-arrow.png" style=3D"height:12px;width:12px;margin:2px 0px 0=
px 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 0=
px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Dogecoin</stron=
g></p> <p style=3D"margin:8px 0px;"> =C2=A30.06 </p> <p style=3D"margin:0;f=
ont-size:12px;"> -14.41% </p> </div> </td> </tr> </tbody> </table> </a> </t=
d> </tr> <tr> <td style=3D"padding-top:20px;"> <a href=3D"https://links.coi=
nbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D5e0fb4089c4948=
eb8872d27abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-NagnPKY-4fsPMeT6Xew5MbjySmSJlaIM=
R3FWqArnIy60htjrgkNgrYWmQ-sDJsSd7UuUrxoNXWxHyT3d34KomoSy9NfvVhvSCc6bQ3i6kBO=
VIJb-hqpLeY9h50YnzivJz5VVQskuUklm7GmclpjlMtbMs8uz2Ewv82rm8aBw8fPqbvRFtDxO0b=
xiL-kauKlMYAY2Lo99ZcyotvyqZ-eZtKrkl4pVOhM44Aokc2-QbYafJp_y_n5WAQNqVdF99FRqI=
Ap5cjyMFMaEo_zzRLMJo1PuJXRKtEo9tuRgF0pn2pBq43KNgVHnSQ3pBDr3j-Nttin3jte7nHGG=
5DLGGJO8tDfA%3D" target=3D"_blank" style=3D"text-decoration:none;color:#0A0=
B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical-align:top;"> <i=
mg src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/66=
9d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/down-ar=
row.png" style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-al=
ign:top;" height=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;vertica=
l-align:top;"> <div style=3D"text-align:left;margin:0px 0px 0px 10px;line-h=
eight:1;"> <p style=3D"margin:0;"><strong>Cardano</strong></p> <p style=3D"=
margin:8px 0px;"> =C2=A30.21 </p> <p style=3D"margin:0;font-size:12px;"> -1=
4.77% </p> </div> </td> </tr> </tbody> </table> </a> </td> <td style=3D"pad=
ding-top:20px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca563=
71967418192255878e9689713&_m=3D5e0fb4089c4948eb8872d27abf46523f&_e=3DzHIBLB=
lEcBWCVsmUj0-NagnPKY-4fsPMeT6Xew5MbjycMkHcXa8puyiGc9ynK2Cub8zqud_giflF6f9mU=
9JvEocEfd0qoq8tXNmC7v8XOjYbJknw1_r53NhV6Y47Qzh7WdIOnRpcYaBDQZePS9c60KJENLMj=
AWIXaBUN3qKOKNzhu3e4zkNeS2JNbhoXO9P-phgZIdTssQ7UNu0ZKEuGEQOEsUZVbVgneaVyvpl=
_qMKTyG1uc2CeLpaKooxuQA-uEsvtIOh8_O1z0j8d8j0nkT16b5aU7LP8YEm1kBioFb3jiFmFpp=
uz_ZfezEWDC64R_5DvCmm9pYc-x2kPA7GARnKnW2fNVsDUMsokSOx3pUc%3D" target=3D"_bl=
ank" style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <t=
d style=3D"padding:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6=
rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6=
dd6a/3aca56371967418192255878e9689713/down-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>Polygon</strong></p> <p style=3D"margin:8px 0px;"> =C2=A30.65 =
</p> <p style=3D"margin:0;font-size:12px;"> -10.57% </p> </div> </td> </tr>=
 </tbody> </table> </a> </td> <td style=3D"padding-top:20px;"> <a href=3D"h=
ttps://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=
=3D5e0fb4089c4948eb8872d27abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-NagnPKY-4fsPMeT=
6Xew5MbjydsYOBV4atC8GDWTbi4m3sQtktaINOGseazpPb3kOJKkkT5Y31x53Eaipm-t0hOj_sP=
S635_Y_BeOQpfouUjJTkZE87bwu2dhUn4mLNTg_2UGqgb48Vw4xjzQzW8uXqKlZRGCDIloynp8A=
m2tzBCKkpYYMKZUZsrGNTIwe_-6VPHgf5XlDbhIFYI3v09ZVt_qdIZNH6MzBj2Mo06FnSrr_Y2-=
_gDDweiu3g_ohtvYGTgZYoQ-P-8J628IADqN4b4daodOwUb-WTb71tjmAlPdojV_TuuqpXeekhT=
5MsBqV2ScH7CPs0MRXnaFUCv8GO0o%3D" target=3D"_blank" style=3D"text-decoratio=
n:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertica=
l-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/use=
rs/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5637196741819225587=
8e9689713/down-arrow.png" style=3D"height:12px;width:12px;margin:2px 0px 0p=
x 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 0p=
x 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Polkadot</strong=
></p> <p style=3D"margin:8px 0px;"> =C2=A33.65 </p> <p style=3D"margin:0;fo=
nt-size:12px;"> -12.89% </p> </div> </td> </tr> </tbody> </table> </a> </td=
> </tr> </tbody> </table> </div> <p style=3D"margin: 20px 0px 0px; line-hei=
ght: 1.5; word-break: break-word; color: rgb(91, 97, 110); font-size: 12px;=
">Price changes are for the past week, ending on Dec 22, 2022 at 08:03 AM U=
TC</p> <div class=3D"cta_button" style=3D"margin: 24px 0px 0px; padding: 0p=
x; width: 50%;"><!--[if mso]><table width=3D"100%" cellpadding=3D"0" cellsp=
acing=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;" a=
lign=3D"left"> <v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns=
:w=3D"urn:schemas-microsoft-com:office:word" href=3D"www.coinbase.com/price=
" style=3D"width:350pt;v-text-anchor:middle;" arcsize=3D"17%" stroke=3D"fal=
se" fillcolor=3D"#0052ff"> <w:anchorlock/><v:textbox inset=3D"0,0,0,0"><cen=
ter style=3D"font-family: Helvetica Neue, Helvetica, Arial, sans-serif;"><!=
[endif]--><a href=3D"www.coinbase.com/price" target=3D"_blank" rel=3D"noope=
ner noreferrer" style=3D"display: block; margin: 0px; line-height: 1.2; fon=
t-size: 16px; text-decoration: none; color: rgb(255, 255, 255); background-=
color: rgb(0, 82, 255); border-radius: 30px; text-align: center; padding: 1=
8px 0px;"><strong>See the latest prices</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-alig=
n: top; border-spacing: 0px; border-collapse: collapse; min-width: 100%; te=
xt-size-adjust: 100%;"> <tbody> <tr style=3D"vertical-align: top;"> <td val=
ign=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" cel=
lpadding=3D"0" cellspacing=3D"0" width=3D"100%" align=3D"center" role=3D"pr=
esentation" style=3D"table-layout: fixed; vertical-align: top; border-spaci=
ng: 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; pa=
dding: 0px;"> <tbody> <tr> <td style=3D"margin: 0px; padding-right: 11px; v=
ertical-align: middle;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/p=
ublic/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5637196741=
8192255878e9689713/dot-1.5x.png" width=3D"12" height=3D"12" style=3D"displa=
y: block; width: 12px; height: 12px;"></td> <td style=3D"margin: 0px; paddi=
ng: 0px; vertical-align: middle;"><p style=3D"margin: 0px; font-size: 16px;=
 letter-spacing: 0.075em;"><strong> YEAR IN REVIEW </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>The key numbers behind crypto=
=E2=80=99s historic, tumultuous year</strong></p> </div> <p style=3D"margin=
: 4px 0px 0px; line-height: 1.6; word-break: break-word;">One calendar year=
 in the cryptosphere always manages to somehow feel closer to a decade than=
ks to the velocity of innovation and the volume of headline-making stories.=
 2022 gave us plenty of news to keep up with =E2=80=94 some good, some, wel=
l, not so good. From Ethereum=E2=80=99s historic eco-friendly upgrade to FT=
X=E2=80=99s infamous collapse, here=E2=80=99s a review of the numbers that =
account for the highs and lows of crypto=E2=80=99s turbulent, decade-long y=
ear.</p> <p style=3D"margin: 16px 0px 0px; font-size: 24px;"><strong>$2 tri=
llion</strong></p> <p style=3D"margin: 4px 0px 0px; line-height: 1.6; word-=
break: break-word;">Approximate value that the crypto market has shed since=
 peaking near $3 trillion in November 2021. The total value of the crypto m=
arket as of December 20 is roughly <a href=3D"https://links.coinbase.com/u/=
click?_t=3D3aca56371967418192255878e9689713&_m=3D5e0fb4089c4948eb8872d27abf=
46523f&_e=3DzHIBLBlEcBWCVsmUj0-Navi1kRLhGk1kACvdC1eSPnX9s1Ys3uaCiPsVjKY-fsy=
PVFyHPJ3vgmVgvkl6_g9dDNTLy3GWNAo0k4iFYUZPff8x9ahOwA8bb2_J4P0rtcqCBgiMtpp4ly=
BX-CAkwvJigjit2hyTyT39RsIsraKkEaflLGF_t-gR8_vWfLLVnfobZ-N7V5MTIVOmz1sQTMcOx=
0N7cuZhpOtVpmJsH1uozbxl7sJF4YK_SWjRq9FunxJVI5NLAn_BCIfPfQl5G7yWbu2PRINif8mO=
n5_MMuLVPtzNPZIrxLLYuQv5oiyA1cnZUbqMuMD7W-LqGiuqK3kjkA%3D%3D" target=3D"_bl=
ank" rel=3D"noopener noreferrer">$850 billion</a>, near lows for the year, =
and pressured by ongoing inflation and recessions fears, as well as liquidi=
ty crises and firm insolvencies in the crypto space.</p> <p style=3D"margin=
: 16px 0px 0px; font-size: 24px;"><strong>$18.3 billion</strong></p> <p sty=
le=3D"margin: 4px 0px 0px; line-height: 1.6; word-break: break-word;">Amoun=
t of venture capital <a href=3D"https://links.coinbase.com/u/click?_t=3D3ac=
a56371967418192255878e9689713&_m=3D5e0fb4089c4948eb8872d27abf46523f&_e=3DzH=
IBLBlEcBWCVsmUj0-Nage7IKOsR-u_rMTAu6JuSYPODjRoNa3Lb4pwojwGvCBDiRHAFY2MDSZ1m=
_L5hVG19x5xOufp3omtXh331PKKdoxbkltX8yplzTCZWU4jyB-2eC4qOb2g0mNg70RA-0CyjDkY=
RGxY7ZkG5FdBuHhKU-hz9790iTEfVwcTojFFjgLwKTXzO3XDxVBZ9C-Tr-TzUAq8-mZ6flCRDUy=
jIxtkExugfFqhwdd13_w71ipPKkyy45QaKWf0KeL7Q5aWUaFmn8u1-HCWjMicLnvLij8dXjlYX7=
4F_cbUyADsVVfanr_83zoDMD1_koYTIdEVRAuKWPE_9VfZBJvLuG8mJpVSMyvuP-aWccnX9TXSz=
pkoThRqJICF5rZoPWf_2dUwZO6p_w%3D%3D" target=3D"_blank" rel=3D"noopener nore=
ferrer">raised</a> by crypto startups during the first three quarters of 20=
22. While that figure is lower than the $23 billion raised by crypto startu=
ps in the same span last year, steady VC investment in web3 has defied bear=
 market headwinds.&nbsp;</p> <p style=3D"margin: 16px 0px 0px; font-size: 2=
4px;"><strong>$135 million</strong></p> <p style=3D"margin: 4px 0px 0px; li=
ne-height: 1.6; word-break: break-word;">Amount of <a href=3D"https://links=
.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D5e0fb4089c=
4948eb8872d27abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-NakDXfJB9dYBQWGyABmU70w7mhD4=
C9HVMLP211kblRk_zxnVKo04nrhAou5ADgqp4kxwyF7j8vS3CapO6mUBn_W6IKkeDniQA9J7XJX=
VG-MfILdVv0w8X3vGNxkGO3A0jLcWDl-_fWI78K7c1pWQmdOxgZNUIPhn0NSR4Oji9yoXDACYZ4=
pCTisKSJBZkTIlqmngwsdZ6SzVWs5A7TYBO_XbIEj4FCBcg09AeE_h8mNNtfavU1uj-zSxrHT1-=
AM1rGDJoJjDWZzRC3NP-UWEU6kOpUXx2i0LNPkHI3efpJ6_72fW_542mcJ6nOY2xS-qymy93NoB=
Bubj8rgmIJL6iCCPtYqkgonaf-wuN587XI6yD-VFtiv9oNslTtOF3QshuAVGhNg22G4Wr6hugr-=
spBVI%3D" target=3D"_blank" rel=3D"noopener noreferrer">crypto donations</a=
> raised for Ukraine in the first three months after Russia invaded in Febr=
uary. BTC, ETH, and stablecoins including USDT, <a href=3D"https://links.co=
inbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D5e0fb4089c494=
8eb8872d27abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-Nage7IKOsR-u_rMTAu6JuSYNoKs_Z3-=
LzVonDp4QJnofzWPFy3b6KpGjQv8yz5Y7fCUu27iWphKIJtxDMCXf92QRLSsDvAMp_2Naf4ZKAJ=
I--guFP1dqjc15elb8eCYI4O5sYu5DpUepYTubX8ATdle5mHfcCg1cK8rKVCLrztZqcYzBZHZSM=
XHEa6J80W8Zp_RvlDUFrZo0iDeHMjEsQNIEKvWpaNeJhNXm6lvkdcJvzqjQcdFMNEF3CGbpakxL=
CRD1Sx4nqg5DJE7sAaoaG0e8jkVD2gTUdngk2qugQkSbp-m-YU0X-JVM2_ZuqoX0wFJLOWf06Oj=
PpI9t8pQhOhzLkCecp_DcEkZyvzyJr7idJOJOCVH_Mf13uFJ4WlFamkIErBGq5KE_t9O2I_Stg-=
rJZRCavjunZoj0q8ChlzXFn" target=3D"_blank" rel=3D"noopener noreferrer">USDC=
</a>, and DAI accounted for most of the fundraising, and because crypto ass=
ets enable near-instant, cross-border donations, Ukraine was able to quickl=
y use funds for supplies like medical kits, bulletproof vests, surveillance=
 drones, and food.&nbsp;</p> <p style=3D"margin: 16px 0px 0px; font-size: 2=
4px;"><strong>2.4 million&nbsp;</strong></p> <p style=3D"margin: 4px 0px 0p=
x; line-height: 1.6; word-break: break-word;">The approximate number of <a =
href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e96=
89713&_m=3D5e0fb4089c4948eb8872d27abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-Nav9TCB=
HCzyKhfpnGsQn48d5AzGXe3N4WqX4XYzirPLVj_KwyVDPzp3e63hPRJ0QdPXXI50vSPcj0z8E1F=
HLt6VG4VP4RQmMGXGHTTdlSzEoGX5LiyL3Y91qU3Ra_vzc7_NnNBsq8Qt1ACFLANLSPDgEdl2sp=
lDnJAxLcjehKqBScOHvComO4ratwl7Gf78URuyllZZ-OvvNKnTqJCVJxmhUCVSMe5vQqQBjRKMr=
AyvNAYSZfizNW-0W6Eq7c5yPE-2mvz2RkBa7MdOMFrDeA0OY6EnSmhfCvNgKdkvjq_hpvG1pDDk=
eE0OtFlVrfSrV-P9fevTwWvBvQyGDly9ZgTnY%3D" target=3D"_blank" rel=3D"noopener=
 noreferrer">new users</a> who made a trade using a <a href=3D"https://link=
s.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D5e0fb4089=
c4948eb8872d27abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-NamIiWvQj5TFvqx-oznqgCvqPoP=
GGyPvJ7NtjWfAE1YduuPErqvkBJtPFHWxmteiQO4CrNqf4h-oT3t5YFml1VaNSyDF6xHVyy8Qi_=
y-8PI6XE8DNXEPVq2WEm8x9zY7vL9h1qQARYgitOWOi1MzmzqmTuNjKgs8ilfNhbvE4mohbhZpq=
Wd3DWGwMr72wopjxETox6LIVxCWJ2m2SkgpmMXG41KZmfNTk-zfiaWt-4WdeVipYPQMfqJhrdhy=
AtI1ASgsXmJ8_NB0WhE1RAxMrBDStUmfx5Yp5cRoNQW_qcnfoy4rTVVQ2lxwPvVOj9RVPqGDqGZ=
1JhvLSCs-zPd6VTYk%3D" target=3D"_blank" rel=3D"noopener noreferrer">decentr=
alized exchange</a> via <a href=3D"https://links.coinbase.com/a/click?_t=3D=
3aca56371967418192255878e9689713&_m=3D5e0fb4089c4948eb8872d27abf46523f&_e=
=3DzHIBLBlEcBWCVsmUj0-NamIiWvQj5TFvqx-oznqgCvqPoPGGyPvJ7NtjWfAE1YduBGBWok54=
ygjPkxYlJw9dLE8CNhMZ4AipqD9nAZZvY8kfcOEShBS08Za6QIwQQXvTduKzc7B8Xs7yo4CrEDO=
5Qlgw0l9BQfOm9051zd5M_ukVMYetSXeKJBv3qhQluOvLEYfo_MI0qLUBFiQIpYFx4gp9kXiVRq=
bmQQRDnp_ZhLOgKKOhyh3fvqKCcTkbz3RI1wf-z4Vpo5zzykKK1G6TGG2qqaXFZJ_GWsYI5a26Z=
G1MOLspOCiQDtp3siNf4m_rvfFTROTucui99z7z4ttr529ubk9xdczj-fGoFjznERDjiMnkjBNZ=
neiBJ9M-3fIE" target=3D"_blank" rel=3D"noopener noreferrer">Polygon</a> in =
2022. Polygon=E2=80=99s new-user growth rate this year accelerated faster t=
han both Ethereum and Solana in the same time period.</p> <p style=3D"margi=
n: 16px 0px 0px; font-size: 24px;"><strong>208,000</strong></p> <p style=3D=
"margin: 4px 0px 0px; line-height: 1.6; word-break: break-word;">Number of =
<a href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878=
e9689713&_m=3D5e0fb4089c4948eb8872d27abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-NamI=
iWvQj5TFvqx-oznqgCvqEGvNwu9CQMqJgSjRPpZmfwgoOmPAXfIESr9D0MWjSRCJlysCNbT7kMv=
58FAtT_WRZo9ugXMJ8n7Vq1uei5lYG-bFE8yV-jAIMSGjQj9ygnUBPt8FN6tpLUYEeXccybwb90=
FncoX5xqWjM17L4Q2N3de4BWFccey0QSak0kMFYglwSaA982oJ548SSY2rBtcErI-ydEj4QrkR2=
-EIhLDi4rgojx43gqMPo1Fv-UADG7majw6vC5C5OVQ86ObR04BXgzNPc_EJiiHVM8iFNoXVVixY=
Sp-cIK-xVy-3ZKp2TzQ%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">US=
D Coin</a> (a stablecoin redeemable for $1) addresses with balances over $1=
,000 as of this month =E2=80=94 an <a href=3D"https://links.coinbase.com/u/=
click?_t=3D3aca56371967418192255878e9689713&_m=3D5e0fb4089c4948eb8872d27abf=
46523f&_e=3DzHIBLBlEcBWCVsmUj0-NalNv6cj35aun9OGzsX3KbaElng041v2xxdL9hGdbifn=
WLZsUxjrqAnQ09VIMNSUx8FNRsaKBtfRPGw7QlF63alSBYlyn94XQYToNNdIBoNbXqUnj-DS0Nw=
JmUfDF2xEuS8OQpjF8iloHffh5yVftS8YD1BDRxhk_J_vlP9Wk7ofkh3MaRjJBwRVBTv6Y7tSyW=
mw-hiJDawKf_wKiJ-S5HztqPmX0ghr3YMTu3OGfU4cn6Mu7z7Kn3mXg3N95vXxirRSAcbPtSjGw=
4K98BWLv4TVC-jHPwsGzmDZOHqMnt7lbzbWeX2fuooXfo_thfd5CTNcPwaUumHZrs55iBb03r6n=
xuCDeUrdzlqDzD-Nt-OeqBBQLrwzOVa6YC4Vb6QS8gLNxrE4ZXNlv9LcIN4xaGq8%3D" target=
=3D"_blank" rel=3D"noopener noreferrer">all-time high</a>. This development=
 was likely bolstered by several Coinbase initiatives, including <a href=3D=
"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_=
m=3D5e0fb4089c4948eb8872d27abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-NamIiWvQj5TFvq=
x-oznqgCvreOdv4qlUWRlNQ_Qc97SALNVrmpMnkJ8vk9PeOoOwwluaSub2KOFhb8Holxdmod6R6=
uiGd5pQZts9peJGEXaGwtMf3MVm84WNAzvSybR7ZGkeaOvZ7D9sjVL3c5FmDZBaMQ9lXCN96Wam=
gVCjpOkSpDwDb7T3JL1b4PVeewLkYd5efb6Qrd9qpk64hufq7kaSrbiGJkYUOaabDIz78hzfzE9=
fIAyC5R778mCJnaLRwfdKxR-aId6Ee49ArkmudR12fSqYbpj2j8eWjlrG5ypXRXVuGK8BLZvqs0=
eqxeaEnhpbW5G2U7hbuA5oHT97qqsv3VL9NZWG8UNyuFiQE3heR06ZltZQrAOtmbPyQ2DKR4g%3=
D%3D" target=3D"_blank" rel=3D"noopener noreferrer">waiving fees</a> for co=
nverting USDT into USDC, and when buying or selling USDC with any <a href=
=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e968971=
3&_m=3D5e0fb4089c4948eb8872d27abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-NamIiWvQj5T=
Fvqx-oznqgCvowht3g0EjoGTqMoQ-3eZoDc9P1RmaJqgrtArzC5p2RmGAwap3ETJMRFIKOYKgmQ=
zDgxwbo0GtY6c1ArFo-cwgOJkCwo4VO0T2Ri6qrD3r5fzbDWS9x5FKg7r94BkdQpjpmnFLeLPK1=
wDlZKPqkR7l54x72NWkVa-hDe8iudN2JRUc819jdPZIbUOSG9mEXMqDHhwOcTKLNOEr60UIhYXQ=
Q238XluIzVj3zMFqZ-dgjuhH8O4I5rGJkEjS0z3QVXPlH7Jda74K6GAAvwzaev_a7pcaYhofAjM=
uBeR9W11ZhkqkrUCB1iaabU7fK6jJswgOb9YMkIjXp_lARy50H_rq-pDnQBLUpL9tf_QxmmsV7Z=
2kWBiN-rRZvZt5gcvod5XE%3D" target=3D"_blank" rel=3D"noopener noreferrer">gl=
obal fiat currency</a> supported by the exchange.</p> <p style=3D"margin: 1=
6px 0px 0px; font-size: 24px;"><strong>114</strong></p> <p style=3D"margin:=
 4px 0px 0px; line-height: 1.6; word-break: break-word;">Number of nations =
that are exploring their own <a href=3D"https://links.coinbase.com/u/click?=
_t=3D3aca56371967418192255878e9689713&_m=3D5e0fb4089c4948eb8872d27abf46523f=
&_e=3DzHIBLBlEcBWCVsmUj0-NanH4UsUprsiliMEs88QYG57IGV-MpEijGRA0asBQfHxqzBVYx=
6uPQR0BQ8bzvgpj3jLSM-U_NU1KmoHl7y-qOU03-2XhstDGVwuNqmkfJif_uvus1iu7loe-Ulh4=
xo22jUKVdVRbZdrKALp0KlUD6qkysOq1FKfiQzlzmlNPUHvAS2j-d0eoYjvxqmGLhWsjY-fcsgB=
0kVTlJliJX0PKu6CtCz1MyloWyiEKNozagTtEhKH664EK6y22483Ay8FkpXoGubjjND3dmpAc9I=
ZkkqxSCsnpp8gW1YmPNHoFXHRNaWV54oHuPq9lz22Q0v6sYyRl0uvl-t0akJ_YsB6KhuV-sYiDh=
KquIzsc_vmp9UBjAmYO3fDdB9L2MKWYPqv6F_wJz-_m2DLdSUeyQdMrUdhb-dNCYTcKqrVaBMu4=
AhuCDOBG0lOw7m9zwvpB_7eej_GTcd0kaAt3BET0UEuSq6A%3D" target=3D"_blank" rel=
=3D"noopener noreferrer">=E2=80=9Ccentral bank digital currencies.</a>=E2=
=80=9D CBDCs are a completely digital version of government-issued money. U=
nlike Bitcoin, CBDCs are centralized legal tender, created and controlled b=
y a government or central bank. Like Bitcoin, they can be used for fast and=
 inexpensive global payments.</p> <p style=3D"margin: 16px 0px 0px; font-si=
ze: 24px;"><strong>99.95%</strong></p> <p style=3D"margin: 4px 0px 0px; lin=
e-height: 1.6; word-break: break-word;">The energy-efficiency improvement o=
f Ethereum after the network completed its long-awaited <a href=3D"https://=
links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D5e0fb=
4089c4948eb8872d27abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-NamIiWvQj5TFvqx-oznqgCv=
pJ8ZdjM9AOdNKQYFtqtEDA7BDVVtvqDRxUjME8RZNeYIIkMPDyfK9leBXS-XyOLM0NACxgRtqFo=
Su7nK82Pk0aRBzGhbG32LEcdCxsDNVHzrweB94ReyCDZHDe9Lr2yM2pSPPDqzdGuzHeIDt22AbI=
5JcPT7Meo9CV_Rq7XRS3NkS3c_hjs5Dh1TgbIqawiB7s1k9pRAlThaPqbUOOWeSJZYv6VTU0Km3=
0AwGcSNFL-StvaOMmgkBAluf_BjaMshfRVLKxlyCp-LOBwg7i--zOcqLRdgSXy7X10X_IQ0ka55=
FVwAiYLqUn6uieGlAdbvzQhhoism_gRd1UD367A_eU" target=3D"_blank" rel=3D"noopen=
er noreferrer">Merge</a> in September. The upgrade changed how the second-l=
argest blockchain verifies transactions, replacing the energy-intensive <a =
href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e96=
89713&_m=3D5e0fb4089c4948eb8872d27abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-NamIiWv=
Qj5TFvqx-oznqgCvqPoPGGyPvJ7NtjWfAE1Yduvj8tn9I6roTEuYxJlkK10zHScc1WfuhXPQ3eV=
SH8k2O740B1CLQKwgeid0crbMGcT18BDF95IkAVc3z4Pz_oC9zDuftruROtj4Mopz91IiFnuK0N=
4kxAna_I5tFw-lDVMnOMRxG9jW1tsnik28urTZoltdFdFop__ugYu_HL-o99oKmH6YF7tPUK1Q-=
GVTEySTiM9sf-JhPtpLTJUj7V-KhGj7sfBWQONJs6praeXCWnVaf_SQfY_W5k1tkxgWr7jdoTGL=
7ZiqWZxMBhOKUYwDKUjlHw1trGww8-agzJHjh5JlVm0ujbmsavmCo26ZXHusMgtzoheW3YCBR53=
glwpw%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">Proof of Work</a=
> method for the more eco-friendly Proof of Stake.</p> <p style=3D"margin: =
16px 0px 0px; font-size: 24px;"><strong>96%</strong></p> <p style=3D"margin=
: 4px 0px 0px; line-height: 1.6; word-break: break-word;">The price decline=
 of Terra=E2=80=99s LUNA token in a 24-hour period in May, shortly after th=
e crypto=E2=80=99s related stablecoin, TerraUSD, a so-called algorithmic st=
ablecoin, lost its peg to the dollar and prompted both of Terra=E2=80=99s u=
ndercollateralized tokens to <a href=3D"https://links.coinbase.com/u/click?=
_t=3D3aca56371967418192255878e9689713&_m=3D5e0fb4089c4948eb8872d27abf46523f=
&_e=3DzHIBLBlEcBWCVsmUj0-NakDXfJB9dYBQWGyABmU70w5PgNxweo2qQLpWVZs3mG32CoFT7=
N8ZltLd_NWBuDUzVLL27YZCd0wro9VRb9510_pJyhANhmQdNKHc-dxTPYdzya59_ngQEqmJis-c=
_jFvjOkyKaU0jFnFXOSKL2cSchTm6oSHi4idnRcKF3lBCd72MRPY1JWcy7h4FtCP3Wl0no5D2ua=
qjWaNB-JSc-MmMd-KNRaPgR-YYB6U5ofXR_KROFS-qIp2yd64Y1FQWmX9eJnw7hOISmrGeEGvDZ=
n_NCP_YBk2_0nIIzTpjQGZZ0FGIOe3FJ7OVMRkUGb_VyDX5_pmanGoeoue2phnYe8l11GB9IfnY=
pGaZ-WB80F1bBbMNn3XK3wf67dx1EJbnAKypsX1IxZFRRwY-7RsYGuTjXs%3D" target=3D"_b=
lank" rel=3D"noopener noreferrer">collapse</a>. The ensuing $30 billion wip=
eout sent shockwaves through the crypto industry that prompted <a href=3D"h=
ttps://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=
=3D5e0fb4089c4948eb8872d27abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-NamIiWvQj5TFvqx=
-oznqgCvqG7svRt9NUxa2FUqX0UX3TkEC1cQKX6FPUecdaydetGo5Bl2rohgeIOLFm93aokR8MG=
E0MvOu0Ey80VtM14xnXY8HoGIuL-n6hSIGQNMRrIvhYxneD8M5iZSQ-VHFu82cj_tyLUsPoxB_m=
LxRTg7bZ6RRcfdv8MmzQsA4ilKnGFWrcb_WZvfpFcbfPbtvmnNdFrxAPk5eWlO86GotEMCL9m-h=
So2-PWU6gRWZsGv3sQIiMFBTuFYKMH-YrDzZaMM0d_glsl1kU4P44Bvdvcd2-9I2_-cReYHQ0al=
cq7Dr9WlC9yyLlapDQUADlkdwj388cEvhwKI1ZhGl5Yq867VY4" target=3D"_blank" rel=
=3D"noopener noreferrer">liquidity crises</a> for firms including Celsius, =
Three Arrows Capital, and more.</p> <p style=3D"margin: 16px 0px 0px; font-=
size: 24px;"><strong>14</strong></p> <p style=3D"margin: 4px 0px 0px; line-=
height: 1.6; word-break: break-word;">Age, as of October 31, of <a href=3D"=
https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=
=3D5e0fb4089c4948eb8872d27abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-NamIiWvQj5TFvqx=
-oznqgCvqPoPGGyPvJ7NtjWfAE1YduaD2PQjHrwld1itRP7ZWADuIgTKMWn6mtq4bvIa7jOYjRM=
zXUxtLlqnttHcCxXOlAmnGCpBlz49uI249zgfTL9Z0wP62jPTST5uUdL80uD5N4qW62-avk7wxX=
BvpO6uMc0hRIl-H8Ld9XviLX3_xn7ji4kKSo-zKXcAfknsBY94mR36nYKOCajUU1cM6IqdHr1KA=
_sIeLDMZ3O0pv3qIzkuZ_Xr8-GC35n0lwUetSm3ZQbQKTtp-njQH2Lldc5mCK9x6t2Nak6n5ANT=
BuiclVSiQBPCi-0naXPjn0hh0XXiSG-aIU6Zfh4EYEchqwR-Kh" target=3D"_blank" rel=
=3D"noopener noreferrer">Satoshi Nakamoto's</a> Bitcoin whitepaper,&nbsp;wh=
ich outlines the core mechanics of the cryptocurrency. Next month, on Janua=
ry 3, Bitcoin will celebrate the 14th anniversary of the first transaction =
ever recorded on the network. The message inscribed in the =E2=80=9C<a href=
=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e968971=
3&_m=3D5e0fb4089c4948eb8872d27abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-NamFhd9YcGN=
C_JYaqDzTQigXkJDK5k136ie50psn7oOVdNuX3x8u6ftuKGgNitmXDL_UQ3SLKS2AUf2HpG26w7=
tkELPd3CN0M56HpE-pt41vGesR8_VM6j7LqujlqZICd1qUjRVvSC_8XuhNDO2SuGt9Ev7i68x-1=
712VFxn72okoXLLhseRAiiJ0iPIQYPXKSRoncze9Yg08_emqb01ncImhX9Hkfqdu5NVWu6bxVx1=
UUeo1MK8NoRQmk6iLNh7MAVwlEGRISaQyKJd6bTFnVGV5wr5r-1UwWglj0HV-ooxF0NYAkJqSTQ=
TCFCGRZUyHkg%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">Genesis B=
lock</a>'' referenced a newspaper headline about the Great Recession, a key=
 factor in Bitcoin=E2=80=99s creation: =E2=80=9C<i>The Times 03/Jan/2009 Ch=
ancellor on brink of second bailout for banks.</i>=E2=80=9D</p> <p style=3D=
"margin: 16px 0px 0px; font-size: 24px;"><strong>9.1%</strong></p> <p style=
=3D"margin: 4px 0px 0px; line-height: 1.6; word-break: break-word;">This ye=
ar=E2=80=99s peak <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56=
371967418192255878e9689713&_m=3D5e0fb4089c4948eb8872d27abf46523f&_e=3DzHIBL=
BlEcBWCVsmUj0-Nau0xcRjyY2c_czc1agVc96nNJFbfji67OHBegFZ3aPxeHMl7bV8KP7g_maYP=
B-rRn6-vjn_zw1gW8k4bGZulhXPjkKqxQN_aG4NKu4DLrVgpiWS69nDUf3FlL9IcoMPbiIDJoUH=
_sRDJDIay6IIIB5RAFl7zqH6cp2qjHYLs1jLRg_V4HYWLSCXK7s6UtxSAilnFKW2A4H0FVEEcM0=
MSDV7P0wDckDUrC53VliGOPoIZf5MyeAaC0f26rEwAw3GM9UmJgZD4cq0o6ka3xw8yml9qeQd9z=
uw6lrrD2nFas1NucHlXNc7nyL_5Q1PFXH9fczscaoRrHZ5KnpT2dgkZST30pxrRkNPhMT6iKKLs=
Xxy-5AR2PE8TFrvCHAkIIlCfDw%3D%3D" target=3D"_blank" rel=3D"noopener norefer=
rer">inflation</a> reading, from June=E2=80=99s Consumer Price Index, which=
 indicated the U.S. was seeing the worst year-over-year inflation increase =
in 41 years. Red-hot inflation, and the Federal Reserve=E2=80=99s attempt t=
o combat it by raising interest rates, have <a href=3D"https://links.coinba=
se.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D5e0fb4089c4948eb8=
872d27abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-NamIiWvQj5TFvqx-oznqgCvpJ8ZdjM9AOdN=
KQYFtqtEDAGuKUbK-QbSuQnsDOyY78E2dmmJHZPTmwd2z4Mb7sd7pPu0oyLcsrLAcJVwszJ4rPg=
JQlQGYH-uiDl6PaY0Mw-mO77FPLt_SWlrPPKAf6Oy838EEC-sDR5a9wqhxr9DmVpZZMPDCBW7hZ=
GlKDZtKyfEZ7kWjfNoLx84JEn83wJUbOnUemLbx4GrMUSCx8f9bLa3VxLI2_EoAP2vnfv-f2XcK=
GMP4Fwg9x9izRvvysyvrkztW2XXP52WZUr7H2TfgtJQ5RQEMNpH4KLKZRoGBX3a9MtMPwICPzYW=
U4lizifWDjwRA2RLe1RXJ8lKdoRjqk8jcA4NgLRWQlf8gEBwJsOaJsPWPwwJfX9oFR-6M1FMc%3=
D" target=3D"_blank" rel=3D"noopener noreferrer">pressured most markets</a>=
 in 2022, especially riskier growth assets like tech stocks and crypto.</p>=
 <p style=3D"margin: 16px 0px 0px; font-size: 24px;"><strong>8</strong></p>=
 <p style=3D"margin: 4px 0px 0px; line-height: 1.6; word-break: break-word;=
">Number of <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967=
418192255878e9689713&_m=3D5e0fb4089c4948eb8872d27abf46523f&_e=3DzHIBLBlEcBW=
CVsmUj0-NavGBmX9_T2B5fLBPCPxTCAEBLJsj15iIWroepgIvqAg_s7YRKFnnD4jdFk7P4c_96n=
K50g2iZ5kzK8QeKoYDV3b8SLpM5BBEvJ-CI8iwXJz3YGEiQwwd8EulSKUbqV2m18tPGMGrlrxAq=
mVvPYoDHjEK8HpDsILQGvWzzx5vJdTVswSZ3x7zlqqwWk2NQ4VeF1hPetPX1nSp1qjS_S0ZBHXe=
WCiJviNBqfTiyPdduxysV1xGuMDTO5Afc7iLa900BviSyKPL91EG-4hYTBUrnaqccE1kXHJ0xza=
TUsbRn4Io-b6xEg42E0dNCICr3iuTW3Wj3XgmkrLSBt4WEe6jbNYAsWkoxScyXoxVa3T7Y-w8" =
target=3D"_blank" rel=3D"noopener noreferrer">charges</a> that Federal pros=
ecutors in Manhattan have brought against Sam Bankman-Fried, the now-infamo=
us former CEO of FTX. A day after SBF was arrested in the Bahamas, U.S. pro=
secutors unsealed a 13-page indictment, which included counts of securities=
 fraud, wire fraud, and multiple conspiracy counts including money launderi=
ng and campaign finance violations. FTX, once valued at $32 billion, is cur=
rently in the bankruptcy process. Current CEO John Ray III, who oversaw Enr=
on=E2=80=99s bankruptcy, <a href=3D"https://links.coinbase.com/u/click?_t=
=3D3aca56371967418192255878e9689713&_m=3D5e0fb4089c4948eb8872d27abf46523f&_=
e=3DzHIBLBlEcBWCVsmUj0-NaqfGVxW5W-Vwd-xmjP7ry_aHX9hO0qNC-v44ebj64c_BWogRvJp=
bPkpWDVSvXXOo1xL732kHnjBH3sNA99BB2fnSllY4qSA6Ve9YBwMIrPpiIWMgUFi7vRvTzRmvnd=
pf2bz22CBsMBDCoLTzuFODGvaLlyB4-ytwEY7Xvb7ORaCz5iWeHd9qeu4cl7g6x90HJXtcgUkKX=
E-wa2IFSHzAPUN-xkqaa25U9GKUcM7TUZrKKhH1UQDzj-8pBQdyHVH40cXvDCs6fuYHNuNRcsFU=
YFfgu-KiNaUYiVdeMYFyYA07c4V28nzL189vdP9ZN_uDHHOMDaL_cZ2karoXZmp1xCI3YKei1yQ=
Z8g4grDuI3BSvbMSwHXDsYQojEWJr5cMmGJRwSFL1k514sXbOzz4vDOPAtKyUu2C_WqFygBDiTW=
rb" target=3D"_blank" rel=3D"noopener noreferrer">said of FTX in a filing</=
a>: =E2=80=9CNever in my career have I seen such a complete failure of corp=
orate controls and absence of trustworthy financial information.=E2=80=9D</=
p> <p style=3D"margin: 16px 0px 0px; font-size: 24px;"><strong>#1&nbsp;</st=
rong></p> <p style=3D"margin: 4px 0px 0px; line-height: 1.6; word-break: br=
eak-word;">Vietnam=E2=80=99s ranking on Chainalysis=E2=80=99s 2022 Global C=
rypto Adoption index, the second straight year that it held the top spot. T=
he report, <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563719674=
18192255878e9689713&_m=3D5e0fb4089c4948eb8872d27abf46523f&_e=3DzHIBLBlEcBWC=
VsmUj0-NaoWkaV-st0b_OYKEzMK6ebOATu_Da9zg3Amcn8qGWi1fvuQWlQlsX3gyKeIvG3iceE6=
p8DxF2eS3NjhLG6SytT3xEL3CSRpJqomYY0BoUTJ8UrPzh5mmF3fbF3nTHXn1ap8LTcr0gSvfJB=
BIFUfUqBOe5bnDuzVHvBzC6_f_TrdijpDEJnkSy7y1jmFvO7bJq7RekOsp1T6ahfVX6NsuLGK7r=
7Ykni1Urq-Js6tseNJhNilvoXp4RfQ0ZCS1HjZPGnt2ErCn_hsQkFBD9syI_TkkPPAjpsoanZ5K=
MNfI2GO1hhgCSLgrVXB8mKJMucPSKSkJY_U1d1HLwTl1pdK4bZtytPPZn2Ezocfjy_Qz5E10" t=
arget=3D"_blank" rel=3D"noopener noreferrer">which ranks 146 countries</a> =
is based on five weighted metrics, such as centralized exchange trade volum=
e and peer-to-peer trade volume.</p> <div class=3D"cta_button" style=3D"mar=
gin: 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-spac=
ing: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:sc=
hemas-microsoft-com:vml" xmlns:w=3D"urn:schemas-microsoft-com:office:word" =
href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e96=
89713&_m=3D5e0fb4089c4948eb8872d27abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-NamIiWv=
Qj5TFvqx-oznqgCvqPoPGGyPvJ7NtjWfAE1Ydu0g4D5HL973zQzXbbpNmLH5Mt3eFKmyB3AywOU=
7wTWQhm0-x62DWIEGQGhEMIN6TyCw5oUXCr4Wu0j_fEvcbnLlQ1X3O9YBQ_eqNJnfPh8WackvH_=
CeaQkuUNpvaW1qNDoUgL_N3cbmunYkb9cuY8T09UPqG2B7wSe9NV9szgqzFCAId8_uXNzWU-3EN=
mOSntBB5SnG8mydmTGWMLGdkLEgTffDCJ8ilkOEIappMzh3ij_SxM2nVhjL--9xNg-W056-6p1a=
Xs1xcId97H562nxFmD0xlwnRidTXBld_MBjOc%3D" style=3D"width:350pt;v-text-ancho=
r:middle;" arcsize=3D"17%" stroke=3D"false" fillcolor=3D"#0052ff"> <w:ancho=
rlock/><v:textbox inset=3D"0,0,0,0"><center style=3D"font-family: Helvetica=
 Neue, Helvetica, Arial, sans-serif;"><![endif]--><a href=3D"https://links.=
coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D5e0fb4089c4=
948eb8872d27abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-NamIiWvQj5TFvqx-oznqgCvqPoPGG=
yPvJ7NtjWfAE1Ydu0g4D5HL973zQzXbbpNmLH5Mt3eFKmyB3AywOU7wTWQhm0-x62DWIEGQGhEM=
IN6TyCw5oUXCr4Wu0j_fEvcbnLlQ1X3O9YBQ_eqNJnfPh8WYiuGmez7Rv4LQS0HuY8hA5M0dZxq=
0DAWKPNdECoPyWtq8UCDLvHbRq4O_AR6mL_xfKeeRnvx2C7XGsOYK_UCnHv84ZZgBR9mW60dGnc=
1IqQXY0e743ZsNqaKLhfGEMDNJQPlTjy2n2NhP3QkiCmL3AbdYprSOTaz_7V4EN0cMTQUm9S3yn=
2GX0pSH7cxRgqH0%3D" target=3D"_blank" rel=3D"noopener noreferrer" style=3D"=
display: block; margin: 0px; line-height: 1.2; font-size: 16px; text-decora=
tion: none; color: rgb(255, 255, 255); background-color: rgb(0, 82, 255); b=
order-radius: 30px; text-align: center; padding: 18px 0px;"><strong>Learn c=
rypto basics</strong></a><!--[if mso]></center></v:textbox></v:roundrect></=
td></tr></table><![endif]--></div> <div> <!-- evergreen_trustandsecurity_ba=
nner_en start --> <!-- evergreen_trustandsecurity_banner_en end --></div> <=
div> <table style=3D"margin: 0px; padding: 0px;"> <tbody> <tr> <td style=3D=
"margin: 0px; padding-right: 11px; vertical-align: middle;"><img src=3D"htt=
ps://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-4=
6bb-bd7e-c542cff6dd6a/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 s=
tyle=3D"margin: 0px; font-size: 16px; letter-spacing: 0.075em;"><strong> TO=
P BRASS </strong></p></td> </tr> </tbody> </table> <p style=3D"margin: 5px =
0px 0px; font-size: 32px; line-height: 1.26; word-break: break-word;"><stro=
ng>Four CEOs discuss the future of crypto</strong></p> </div> <p style=3D"m=
argin: 16px 0px 0px; line-height: 1.6; word-break: break-word;">As 2022 ent=
ers its final stretch, many leaders inside and outside the crypto industry =
have been surveying the broader landscape after a historically challenging =
year. This week we=E2=80=99re taking a look at what the CEOs of Goldman Sac=
hs, BlackRock, Uniswap Labs, and Coinbase are thinking about the state of t=
he cryptocurrency industry heading into 2023.</p> <p style=3D"margin: 16px =
0px 0px; line-height: 1.6; word-break: break-word;"><strong>David Solomon, =
CEO of Goldman Sachs, wrote an op-ed in the Wall Street Journal arguing for=
 the potential use-cases of blockchain technology.</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; lin=
e-height: 1.6;"><!--<![endif]--> <li style=3D"margin: 0px; padding: 6px 0px=
;">In a piece titled =E2=80=9C<a href=3D"https://links.coinbase.com/u/click=
?_t=3D3aca56371967418192255878e9689713&_m=3D5e0fb4089c4948eb8872d27abf46523=
f&_e=3DzHIBLBlEcBWCVsmUj0-NaqKNOhCd8jsbTG0H7qpsRWS3bnieirbaBIufYMzwmw9BIHq2=
baltnkbjvix5KACK3HS9xzVfXE9GSMVJpBV0Ffi9OcMmY4GswpY9-pjehEtGY5YQPaTXH8UtOU6=
KCsJ7-wZUk6PU7lFgbE6pI6dRXWgUFDhznEWbWOclRjwsQe7RAD5419cnJPbDJV-lAegTAtD-sh=
twFrt6IlXm9d6rhfjFYyrXaiS8cDWtuJQHCp-S-eVFVx65Y7hAzPAxMVguagmhImw9vY_UBJpMo=
5z1_3ejpy6gw2GMtI3onnOGdLw7ofRNPUiCShgJgVmX4lHgiCUuq1L5LNxGKJuUjTc9c3TaqMMY=
IEIe1AVIT74EZKarrB9P18hNgfR5QeMax3VGPMlv6TjZCGoZM9srQna9XmIQONZuzLLhUJnRx0S=
YllFr" target=3D"_blank" rel=3D"noopener noreferrer">Blockchain Is Much Mor=
e Than Crypto,</a>=E2=80=9D Solomon argued that =E2=80=9Ccryptocurrencies a=
re only one of blockchain=E2=80=99s many applications,=E2=80=9D noting that=
 Goldman has already used a private blockchain to reduce the settlement tim=
e of an international bond sale from the traditional days-long period down =
to one minute.</li> <li style=3D"margin: 0px; padding: 6px 0px;">Solomon al=
so said that blockchain tech has the ability to make the financial system =
=E2=80=9Cmore transparent=E2=80=9D and =E2=80=9Cmore accessible=E2=80=9D wi=
th <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255=
878e9689713&_m=3D5e0fb4089c4948eb8872d27abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-N=
amIiWvQj5TFvqx-oznqgCvqPoPGGyPvJ7NtjWfAE1YduGDIAiH5jyQKDhp6Ti8sVwWxRMRzVm5D=
Zz1FcPpoWya1HzNUNrELsiLjcBXiv5O939rEo2V5LHOsyTg_eBfk-z_ZZCy7f7WWGX0-zv55Ud0=
Ji1KYygWtqbNGIwnwXHzvYvoFWgRo7wevwSCLI9SFC_YjMpDYCGl1G8Atz3AtL8vNG9WJKJEidR=
Cw6YoezzIqqOfWJHoSqo7kKuq4Lep7G3qeUh_OVsqi2A9YKq4WYtSGVyAsVLd4CCwJQhzu9aA3Q=
dNjvVgO9F8grDvNftPTrM7cMHsB_8oR8f8crz3qN6Jh4_j6DkvH5w_PbapHCm9xe" target=3D=
"_blank" rel=3D"noopener noreferrer">smart contracts</a> and tokenization. =
The former can enable automatic, trustless trade executions between parties=
, while the latter could allow smaller investors to break into high-barrier=
 markets like real-estate funds =E2=80=94 =E2=80=9Cyou could buy fractions =
of individual buildings =E2=80=A6 No longer would real estate investing be =
the preserve of the ultraweathy.=E2=80=9D</li> </ul> <p style=3D"margin: 0p=
x; padding: 0px;"></p> <p style=3D"margin: 16px 0px 0px; line-height: 1.6; =
word-break: break-word;"><strong>Larry Fink, CEO of BlackRock, the world=E2=
=80=99s largest asset manager, recently discussed the adverse macro climate=
 for crypto businesses =E2=80=94 but pointed to the promise of tokenization=
.</strong></p> <!--[if mso]><ul style=3D"line-height:1.6;mso-line-height-al=
t:26px;"><![endif]--><!--[if !mso]><!-- --><ul style=3D"margin: 10px 0px 0p=
x; padding-left: 24px; line-height: 1.6;"><!--<![endif]--> <li style=3D"mar=
gin: 0px; padding: 6px 0px;">At a New York Times <a href=3D"https://links.c=
oinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D5e0fb4089c49=
48eb8872d27abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-NaqfGVxW5W-Vwd-xmjP7ry_YSwyxyw=
TeuPxT0x0bxRYP1WhnAqo0M5UisX88nPIxDLI5R5u1n9pDK-q9y_zHUHAiHkRPUStUF2chdmYHf=
Fm_fJYiT-_JV0rMcUsyAmMHIMb2Q8k2RCIULGYIyl0cXGkuoonuCMF8Sf2lSrKQQVkmCXRWmAZr=
RAgfs62Jy07NVi7BCVtB0nolJxSIy-lIHjVJtHcYG0rKn_O2Fb6BA9Bvrn1hD2mRdPph9MR1P4y=
s7ak9izs9Kqbdz2dJVISrPsJHSTu7oOcL06m7jj5hNvKWTAuTTTpVRhgVK1EaBpJEK2ssvZ4Nxz=
-MKMj3cYdyo3tiS-oXuou_VG-fWgRwQHJwqDTFfuzt_jj8bdZhWRdAwdx1D1DlrsTJy4gW0rV7O=
dPQXgW-cHhtSEHf2zCD42l17lKnCCSNJddIsfiMUi2SLiQ%3D%3D" target=3D"_blank" rel=
=3D"noopener noreferrer">conference</a> earlier this month, Fink offered a =
sobering, post-FTX take on the crypto industry: =E2=80=9CI actually believe=
 most of the companies are not going to be around.=E2=80=9D But that negati=
ve outlook was countered by a big endorsement of crypto technology from the=
 former crypto skeptic: =E2=80=9CI actually believe this technology is goin=
g to be very important,=E2=80=9D said Fink. =E2=80=9CI believe the next gen=
eration for markets, the next generation for securities, will be tokenizati=
on of securities.=E2=80=9D</li> <li style=3D"margin: 0px; padding: 6px 0px;=
">In August, BlackRock <a href=3D"https://links.coinbase.com/a/click?_t=3D3=
aca56371967418192255878e9689713&_m=3D5e0fb4089c4948eb8872d27abf46523f&_e=3D=
zHIBLBlEcBWCVsmUj0-NamIiWvQj5TFvqx-oznqgCvoLBcLXdo9BD8o6CRknKRwok3rQKL67DAF=
rMGeHJpUbOjFrTn7UXMEMVkKl193C9QtwbYxjguBNBI3HQ6dEWRbCFeWyErNcSIXoAt3i7xRRol=
NSBeqgCS_6EGGoOKsMlhbWGxDelaDwpc7IcE7uB4mfsUTEToi9xUh8yBuvapeXIr0Z1D9hbhKlF=
UDCHzpJ7HOWNgHGRbs_nPhLO_zaoSfKCQDRgFuXshFVUTxBp764_6Ag0ksxg_O-PxM90t_neZpm=
fPqLICrZICxRD0PcwQUFwohbqI2xL0HOYWY8YpaI_xWFXgMYfSpYQfUWp7KAsNRBM-gymk3op4F=
0ohAqUzxCBZOgUuw1WcA11RO2ToJkxxVLMC_rmk_3CJKxa9wlj776ryhYWERZTWZdwEaydGaZDJ=
krch5WDoLmPN74F4k8jw%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">p=
artnered</a> with Coinbase to offer institutional clients direct access to =
crypto trading via the asset manager=E2=80=99s Aladdin investment platform =
and its inaugural spot BTC private trust.</li> </ul> <p style=3D"margin: 0p=
x; padding: 0px;"></p> <p style=3D"margin: 16px 0px 0px; line-height: 1.6; =
word-break: break-word;"><strong>Hayden Adams is the creator of Uniswap, a =
prominent </strong><a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5=
6371967418192255878e9689713&_m=3D5e0fb4089c4948eb8872d27abf46523f&_e=3DzHIB=
LBlEcBWCVsmUj0-NamIiWvQj5TFvqx-oznqgCvqPoPGGyPvJ7NtjWfAE1YduuPErqvkBJtPFHWx=
mteiQO4CrNqf4h-oT3t5YFml1VaNSyDF6xHVyy8Qi_y-8PI6XE8DNXEPVq2WEm8x9zY7vL9h1qQ=
ARYgitOWOi1Mzmzqk6B1e7bpoNZzzrOzIWaBD0cyjK0g5B5ruVGRe4Vl5bZEUITE2WrXOT8RBxH=
Kkjl5Oxc5uge2vx0nLSlM3NTpM5D2S6J8KRoZNIrPDVwuQpWprFaBwmKyx4UFKzDQ3o_3U85lYE=
T4lsXU888J3kyHaRD9l5p7UsYmldfOYfiBM5YvCXpViB39qwbMUE6y__x3KUdlFfnxYA30Hp2md=
LkgwC_ML4TKhntjRQTSKPAobUBCc8d49SasOQncPII1UtjWhIb6vl5mOGMMfOHYnT1aAKKEckR1=
bPbDxn82lE6Y4D1zOKmMkoz5pl106kqFbKPKQ%3D" target=3D"_blank" rel=3D"noopener=
 noreferrer"><strong>decentralized exchange</strong></a><strong>, and the C=
EO of Uniswap labs. In an opinion piece for </strong><a href=3D"https://lin=
ks.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D5e0fb408=
9c4948eb8872d27abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-NaqvCuXvC3RI2xtydNnHjq5Oa-=
NjK8tiPD-QE_Ie8S_1SgwPnExvpMXdSCQp5rqks1IrlLq5pai5GrMiy4QBG63LsKU8Lai6zk8iB=
2HtQn70aOOTd81QcEFK8ga1HQPuYmTsgfiOe52kd8WJCOkDeRbFEGNh10_49OPrdvPm_k5_e5SE=
Hg-hm9vwAI24njADlbVgU8NS1Bk4HJMbrtIZZHP4D-WwO3PLH7-88ABC99kYFnNftXlYK_QvuC4=
3pgkn56i2LPjTQ91ezPXC9cKBf82la1M1IDc6Elfj7V0BHvWBVg6prUH8bU29FmYDcfDtgasJmz=
YKFz9hCTznh2nXSd-9wgUqWmj1YyhKWKlVgQlBjA077qybD0lIkX_r4uXfB3M079QXkdmulShEw=
V313hgfUsHpCGqhIlezsUn1MCAMz" target=3D"_blank" rel=3D"noopener noreferrer"=
><strong>The Economist,</strong></a><strong> he described the opportunities=
 of decentralized finance.&nbsp;&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;">Linking =
the failure of several centralized firms =E2=80=94 FTX, BlockFi, and Celsiu=
s =E2=80=94 to, in part, a lack of transparency about customer funds, Adams=
 noted that still-nascent <a href=3D"https://links.coinbase.com/a/click?_t=
=3D3aca56371967418192255878e9689713&_m=3D5e0fb4089c4948eb8872d27abf46523f&_=
e=3DzHIBLBlEcBWCVsmUj0-NamIiWvQj5TFvqx-oznqgCvqPoPGGyPvJ7NtjWfAE1Ydu_uVdITW=
Xz15ZoZAKNpUzKj1WdUJlEOOirm5hEu6y9XhAjOzmxLslDNizR4Nm5nqN4QjUcgUKKswZbfZD5C=
lK2-SqlN-nMKJsD_Yxi30TMmWqEyVNwUbZtwSnvAzGhn8F5Z3vimFfH1Jvear3mK-v08PQ4hE8U=
KLKaiRgdf107_WAzNrO4ng9MlW4LNN2l-f85aJeFVz4c2J6WjzCohGPb1ERLLXuTUMxhAEOHfa0=
kyr1UuO3RD7GqljT3HMZxBadVsu37y0x4e7wJrKXkVZLz81pqU7cPKfrUhlbm6fyeUk%3D" tar=
get=3D"_blank" rel=3D"noopener noreferrer">DeFi</a> technology will ultimat=
ely provide greater visibility and better consumer protection.</li> <li sty=
le=3D"margin: 0px; padding: 6px 0px;">=E2=80=9CIn DeFi, where data and anal=
ytics are free and publicly accessible, the balance-sheets supporting lendi=
ng or trading are transparent,=E2=80=9D wrote Adams. =E2=80=9CAnyone with a=
n internet connection can track a protocol=E2=80=99s assets and liabilities=
 on a per-second basis.=E2=80=9D</li> <li style=3D"margin: 0px; padding: 6p=
x 0px;">The Uniswap creator also articulated the benefits of DeFi=E2=80=99s=
 self-custody model, in which users can directly connect <a href=3D"https:/=
/links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D5e0f=
b4089c4948eb8872d27abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-NamIiWvQj5TFvqx-oznqgC=
voB7vhKubDKy2Ho22mX38ozGtn0tPgksyWHiyjDaak7dkmZgsoo67GL4Y3H9_m1NJcXqmEl5844=
5mUq1YPDCeg3_2yxzdC4jouChjPJKBE66bDQG9fS-pFJv4h8bZ5m4C-qt4gPN3uBe6WodQkbCgU=
mqwRw_UE6j8LFrcLX7wPiXfDYDgVEIxHEPeZ21mmzTu6UMVxUfWRDxLCcEzOhVYG7HJk7Hqr_hD=
oqOxy68LpXhrLlPBxhGEcGm_TIYSDjQ-e76XI2PAyVHC_qHlxe0nlRF_305an5l2tDaFyKHp0Hs=
A%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">crypto wallets</a> t=
o trading and lending protocols without =E2=80=9Crequiring =E2=80=A6 assets=
 to sit on the balance-sheet of a financial intermediary.=E2=80=9D</li> </u=
l> <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>This week, Coinba=
se CEO Brian Armstrong outlined a blueprint for regulatory clarity in an </=
strong><a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196741819=
2255878e9689713&_m=3D5e0fb4089c4948eb8872d27abf46523f&_e=3DzHIBLBlEcBWCVsmU=
j0-NamIiWvQj5TFvqx-oznqgCvpX819qTgO4olWDkO-OCUFVeCQtBBYzB5cWArMj65RuJyO4Ncd=
FxiNta14zfZbOWZG_xb7FN5PgpryUMgNeh-6NcTOIrP4zonpUyDNFuokV3acutuQhak0YRZRTZL=
lLhxQgdgufF2Ds4ptMSXv46gqF-Zc3GXjwpKFae46VcKTfGJzwKIPBlakgTKC8sWKVCU6Bjk2ic=
_l27YRRVI0OmkmFf9QXebE1N04Ywb83xZRNSifNkwnEJWeiVJlood_VkwExh7yaGOUJwsOUHX4I=
ix5_AkeMMCZlwh5VrX_m1lphN41oEsdQurE9kc9msZpFF10KQ7YYEc5oZK3C_brmmlMXt5T_B_h=
f256fWArozag1lXDXYpI-T9Od3EgeuEKXwok%3D" target=3D"_blank" rel=3D"noopener =
noreferrer"><strong>article</strong></a><strong> titled =E2=80=9CRegulating=
 Crypto: How we move forward as an industry from here.=E2=80=9D</strong></p=
> <!--[if mso]><ul style=3D"line-height:1.6;mso-line-height-alt:26px;"><![e=
ndif]--><!--[if !mso]><!-- --><ul style=3D"margin: 10px 0px 0px; padding-le=
ft: 24px; line-height: 1.6;"><!--<![endif]--> <li style=3D"margin: 0px; pad=
ding: 6px 0px;">In his three-part framework, Armstrong aims to =E2=80=9Cens=
ure we have regulatory clarity for centralized actors, and a level playing =
field across exchanges, while preserving the decentralized crypto innovatio=
ns that will bring enormous benefits to the world.=E2=80=9D</li> <li style=
=3D"margin: 0px; padding: 6px 0px;">The first initiative, Armstrong writes,=
 should be to =E2=80=9Ccreate regulatory clarity around centralized actors =
in crypto (stablecoin issuers, exchanges, and custodians).=E2=80=9D He outl=
ines potential steps for each and also offers a new approach for differenti=
ating between securities and commodities in the crypto space.</li> <li styl=
e=3D"margin: 0px; padding: 6px 0px;">For the rapidly evolving world of dece=
ntralized finance, Armstrong points out that =E2=80=9Ctransparency is built=
 in by default.=E2=80=9D He goes on to say that =E2=80=9Cself-custodial wal=
lets should be treated as software companies,=E2=80=9D while =E2=80=9Ccreat=
ing decentralized protocols =E2=80=A6&nbsp;should be equivalent to publishi=
ng open source code, which is protected by freedom of speech in the U.S.=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" borde=
r=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.com/a/click?_t=
=3D3aca56371967418192255878e9689713&_m=3D5e0fb4089c4948eb8872d27abf46523f&_=
e=3DzHIBLBlEcBWCVsmUj0-NamIiWvQj5TFvqx-oznqgCvpX819qTgO4olWDkO-OCUFVeCQtBBY=
zB5cWArMj65RuJyO4NcdFxiNta14zfZbOWZG_xb7FN5PgpryUMgNeh-6NcTOIrP4zonpUyDNFuo=
kV3acutuQhak0YRZRTZLlLhxQgdgufF2Ds4ptMSXv46gqF-Zc3GXjwpKFae46VcKTfGJzwKIPBl=
akgTKC8sWKVCU7ntlrnnuntKwD4p7xXeiEz4jlVkPtwWIYjzG2SCZoACpWorZCNzFolPCWwFbiq=
A_Zv1P5LJoaCuPZHv8jIpfPrlipYw58oiRRgDRaqWy8chETzioQ_A0UV52bff34Y0Bg0i3Jejgt=
Fn5azH1Wm53P58x7558yPGWGtwcCJYwh_ZQVl7CXiYmvubW2qaVsDZ60%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"fon=
t-family: Helvetica Neue, Helvetica, Arial, sans-serif;"><![endif]--><a hre=
f=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e96897=
13&_m=3D5e0fb4089c4948eb8872d27abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-NamIiWvQj5=
TFvqx-oznqgCvpX819qTgO4olWDkO-OCUFVeCQtBBYzB5cWArMj65RuJyO4NcdFxiNta14zfZbO=
WZG_xb7FN5PgpryUMgNeh-6NcTOIrP4zonpUyDNFuokV3acutuQhak0YRZRTZLlLhxQgdgufF2D=
s4ptMSXv46gqF-Zc3GXjwpKFae46VcKTfGJzwKIPBlakgTKC8sWKVCU5f2N9rcwZzeLOVcQQn0L=
1LZep4ClAyO-ik9CmFk8CDmW0YnYHCEGwh1mCpzRWJ5TyKh8xtBs55DfdUd37sz7PtN5cTvrt0x=
u_BTfTKuOOuqeUvioylqfsEi8uOXbtpUqFrxShssZQrftX1VvEZ6IpAcyAO2QxNyxJ-2gfQH2lK=
Q64oAR5TPbsJN3KQ6we5lQ0%3D" target=3D"_blank" rel=3D"noopener noreferrer" s=
tyle=3D"display: block; margin: 0px; line-height: 1.2; font-size: 16px; tex=
t-decoration: none; color: rgb(255, 255, 255); background-color: rgb(0, 82,=
 255); border-radius: 30px; text-align: center; padding: 18px 0px;"><strong=
>Read Brian=E2=80=99s full article</strong></a><!--[if mso]></center></v:te=
xtbox></v:roundrect></td></tr></table><![endif]--></div> <table width=3D"10=
0%" role=3D"presentation" style=3D"table-layout: fixed; vertical-align: top=
; border-spacing: 0px; border-collapse: collapse; min-width: 100%; text-siz=
e-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" =
style=3D"word-break: break-word; vertical-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/users/Integrators/669d5713-9b6=
a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/dot-1.5x.png" wid=
th=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> =
AROUND COINBASE </strong></p></td> </tr> </tbody> </table> <p style=3D"marg=
in: 5px 0px 0px; font-size: 32px; line-height: 1.26; word-break: break-word=
;"><strong>Coinbase CFO Alesia Haas reviews 2022 on the podcast. Plus, last=
-minute crypto gift ideas </strong></p> </div> <!--[if mso]><ul style=3D"li=
ne-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;">In this year=
=E2=80=99s final episode of the <a href=3D"https://links.coinbase.com/u/cli=
ck?_t=3D3aca56371967418192255878e9689713&_m=3D5e0fb4089c4948eb8872d27abf465=
23f&_e=3DzHIBLBlEcBWCVsmUj0-NauidacA7jAiA4GJ3XHo00uRSGjF8ac9rLDTu7afap0R5HQ=
9TxQcDPJaBKSmhYWsAlemdukiK_zM_zS3cnicywLlhGMlP2Y9FOaKI3EzQDT2QJ242fNMCyF3ui=
Z2VMdpn_sDVPZ4f_3dyWoPVyiXn7roB-zPKLImg0XiU8WKbQcp9NZCCe40EEmwqeEiA5ONBERaf=
nuTPoTuPrizxGDdrJnMGKDqV8DMsTxcXIRun762rRbLWc4EFOi1gxMJSsowW0Hj-8GKpMQFx7pC=
fSav7gGdhrQTu8GuJWUxOoLxhU5m03JlEjLm4P1Gwfk93jm6OzRmgz4_uSqpsJpkQa9texEc%3D=
" target=3D"_blank" rel=3D"noopener noreferrer">Around the Block</a> podcas=
t, Coinbase CFO Alesia Haas and Sr. Manager of Institutional Research David=
 Duong discuss the key events and takeaways from the year in crypto as well=
 as the opportunities to expand crypto use cases in 2023.</li> <li style=3D=
"margin: 0px; padding: 6px 0px;">Coinbase Institutional has just published =
its <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196741819225=
5878e9689713&_m=3D5e0fb4089c4948eb8872d27abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-=
NamIiWvQj5TFvqx-oznqgCvrDnCZinPLWF6INIn81XSXRFlJxSbpuYyvMduEZo4sdIPEaK6WXQn=
rLcGjxuCPFm47jaF1fvMb21fmg_2KDlRV2SvO9-oa6E2U4gl45qGZShg2BTZZeceVtYapLslBjP=
31-uXzqU2xci3spUzN-9-6Mmcq8JBTRLY1T96Kk5Dco8Q08QUMCTzsSxrKiCcEYApIDTuzRaPEj=
23d9jf0gA2a0UX31G5diofb1GdAuTOi-Bt6obgjtYp58sCsyLXIbY6OP6Nv5fsaeN58mtouZwCr=
7WqoLKXHsNftuAlOmomH32v-sW5GBdGvqHL5mg7mEu0KXI3G-NBRHHLc3IgRfBXs9zDDKFScicR=
nJXHUBEZVGtLjY2GC1Y-8XxJULj7vvuxZn8BkATaUl1LvUvvoNwKmz" target=3D"_blank" r=
el=3D"noopener noreferrer">Crypto Market Outlook</a> for 2023, which, again=
st the backdrop of the 2022 crypto winter, presents three key themes expect=
ed to prevail in the next year as well as updates on Bitcoin, Ethereum, reg=
ulation, and more.</li> <li style=3D"margin: 0px; padding: 6px 0px;">Coinba=
se has published its fourth <a href=3D"https://links.coinbase.com/a/click?_=
t=3D3aca56371967418192255878e9689713&_m=3D5e0fb4089c4948eb8872d27abf46523f&=
_e=3DzHIBLBlEcBWCVsmUj0-NamIiWvQj5TFvqx-oznqgCvpzW6F03PU7ZGSoR4YpHBs4Ys2iM1=
gOKbuWrKSyBTo2QdTozcKzUnrSzXESJzUnIdgkgnI1ZFC344TMWQmSMOENArEG2swnhIftvK2Zn=
HH6E6VxjEGiW1xFVnc4bP_RyZEzjKsxa4ulVdRY9cIA3GqMVCYV-oEEpXQ8EGDkreaKaAWqYoGH=
QJoZVdq4LuzQqPhq4A_3QRRty7G_0pInE_Ys2ywrnb8zOWnLNfcm5-eX5CL101f1RzQPFAmj0CI=
R9q6m8W1hGseIHJY73Mnxw2SyWib3_QkO5ksNuhWE5rwYm31nUXCZuhmGu7RgDEC_f1k%3D" ta=
rget=3D"_blank" rel=3D"noopener noreferrer">Transparency Report</a>, which =
aims to provide customers with data about requests for their information th=
at we receive from government agencies and law enforcement.</li> <li style=
=3D"margin: 0px; padding: 6px 0px;">This holiday season, Warner Brothers En=
tertainment, Coinbase, and Daz 3D are teaming up on a one-of-a-kind digital=
 collectible project to allow fans to create custom holiday cards with thei=
r favorite WB characters. You can send friends and family customized holida=
y cards featuring characters like Frosty the Snowman, the Scooby-Doo Squad,=
 the Justice League, and more. Head to <a href=3D"https://links.coinbase.co=
m/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D5e0fb4089c4948eb8872d2=
7abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-NahAyd0oVxWqkTBN9tsygE0ZNiUbyFFGn677JhlN=
mIvMUOGPVAI5daw49ZopCgHmAiwsR-MzGyiWms9HQ1BRJ-ZK02jns-Ax3IL48xGeETwsuVL3U4q=
8QSamRZCwZkyvsd76RNKFoNCkWTaXwdBJRt7pKlqB6DgxROmrmz3MZPpEXVXjtwKY0Yu-StJe9s=
bM0Hx9f3W_6wMhh6iZ8BTU-PRUU3n_yzESt7wNLo5DtxGftcm1N9inEJlQfdDbtpBtbIRblsZiz=
PYdY0vD6j4Q7IhMLhZU1dICP7W1XWioemxj9FIGmLwt4AnPnMnva4GDYAw%3D%3D" target=3D=
"_blank" rel=3D"noopener noreferrer">Coinbase NFT</a> to create yours.</li>=
 <li style=3D"margin: 0px; padding: 6px 0px;">Speaking of the holidays, not=
 sure what to give your family and friends? Consider a <a href=3D"https://l=
inks.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D5e0fb4=
089c4948eb8872d27abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-NajrHOlSiuF_By4swgGkD-Jh=
c9oTOd2EcoPEfpGgmNjSPSQFzJHmBwI0HdtJ-WgyseB8oXjqdj91OFTzIQ6VusaY5zbN-9mA0OX=
YmmYJT8FL69YeJcKPKLU_6l3Y3onAwXMao_rqnBlZZdYLjupESijdKaCSlOxypRWa_q8IJNXCHj=
Ey_XnhT8Q24jt0Y67uSl5P8x-m4Nax13HQ68jFa8Cqraku2Gfy2ok2MCQvVQdTbiW1cpA4a80AO=
zvG1OdLi5GbEuOQwjbAs1LNcaDnfVDu21cu9POO3pSTZC2uWvmk6IBzI7xRivlLdqRRZthWDzAP=
4BM4s1xUxp0R75uWn0Rw%3D" target=3D"_blank" rel=3D"noopener noreferrer">cryp=
to gift card</a>. </li> </ul> <p style=3D"margin: 0px; padding: 0px;"></p> =
<table width=3D"100%" role=3D"presentation" style=3D"table-layout: fixed; v=
ertical-align: top; border-spacing: 0px; border-collapse: collapse; min-wid=
th: 100%; text-size-adjust: 100%;"> <tbody> <tr style=3D"vertical-align: to=
p;"> <td valign=3D"top" style=3D"word-break: break-word; vertical-align: to=
p; min-width: 100%; text-size-adjust: 100%; padding: 48px 0px;"><table bord=
er=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; border-collapse: collapse; border-top: 2px solid rgb(2=
22, 224, 226); width: 100%;"> <tbody> <tr style=3D"vertical-align: top;"> <=
td valign=3D"top" style=3D"word-break: break-word; vertical-align: top; tex=
t-size-adjust: 100%;"><span></span></td> </tr> </tbody> </table></td> </tr>=
 </tbody> </table> <div> <table style=3D"margin: 0px; padding: 0px;"> <tbod=
y> <tr> <td style=3D"margin: 0px; padding-right: 11px; vertical-align: midd=
le;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integra=
tors/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/=
dot-1.5x.png" width=3D"12" height=3D"12" style=3D"display: block; width: 12=
px; height: 12px;"></td> <td style=3D"margin: 0px; padding: 0px; vertical-a=
lign: 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-height: 1.26; word-bre=
ak: break-word;"><strong>What can you do with a crypto wallet?</strong></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>Send and receive crypto from anywhere in the wo=
rld</td> </tr> <tr> <td style=3D"padding-right: 12px; padding-top: 12px;"><=
strong>B</strong></td> <td style=3D"padding-top: 12px;">Secure and store yo=
ur private keys</td> </tr> <tr> <td style=3D"padding-right: 12px; padding-t=
op: 12px;"><strong>C</strong></td> <td style=3D"padding-top: 12px;">Interac=
t with decentralized finance apps</td> </tr> <tr> <td style=3D"padding-righ=
t: 12px; padding-top: 12px;"><strong>D</strong></td> <td style=3D"padding-t=
op: 12px;">All 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"marg=
in: 24px 0px 0px; padding: 0px; width: 50%;"><!--[if mso]><table width=3D"1=
00%" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"border-spaci=
ng: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:sch=
emas-microsoft-com:vml" xmlns:w=3D"urn:schemas-microsoft-com:office:word" h=
ref=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e968=
9713&_m=3D5e0fb4089c4948eb8872d27abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-NamIiWvQ=
j5TFvqx-oznqgCvqPoPGGyPvJ7NtjWfAE1Ydu99smymU-x5TEPwaSjzGr5-PUp4GEbBzMR0GMHS=
mV1ownQHmi9jfSxhh1DuCIv05p3VL4ab4w2skyWRRwzelp94FbtuKCOcNjRMT2ACx39_DzY_MvX=
ryRnCcmdHzf3kPmbHVxHoM-NATZ0sDynaWLhMioxOUp4syW_FpGi75KenLb_Hq-1cxZvHjPDKBe=
P0eePhPpPGIQlfgxlcq-VMyyH93BFc_maMXE661RfzNC8eXOoBj_e5L7ULkSpRbCX1zJTAyvLRw=
ppsWqMNnf8LNeuOijRFuWC-HuAA9EA5r8svT4S_2MQtscdMBswyshj2K4" style=3D"width:3=
50pt;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, Helvetica, Arial, sans-serif;"><![endif]--><a href=
=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e968971=
3&_m=3D5e0fb4089c4948eb8872d27abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-NamIiWvQj5T=
Fvqx-oznqgCvqPoPGGyPvJ7NtjWfAE1Ydu99smymU-x5TEPwaSjzGr5-PUp4GEbBzMR0GMHSmV1=
ownQHmi9jfSxhh1DuCIv05p3VL4ab4w2skyWRRwzelp94FbtuKCOcNjRMT2ACx39_DzY_MvXryR=
nCcmdHzf3kPmXN8ShudOQjy-FEHl114gp86-y6ru1CI6Q2m_Z_ygwmtJSlPnuZyHRnIQi5skjJj=
9BoCUFwQ3HiXwarkHGLzffCk5r2r8sWZjQpXlWkaeie5ZRir_1E3IK41d8VHUwg4HqPfjtCdlSb=
V1mra3vq0DvIibqTN3mptyWAjiOD59x0BeptW_qd6cxVrfJ1gdJJ2c" target=3D"_blank" r=
el=3D"noopener noreferrer" style=3D"display: block; margin: 0px; line-heigh=
t: 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 0px;"><strong>Read up on wallets</strong></a><!--[if mso]></=
center></v:textbox></v:roundrect></td></tr></table><![endif]--></div> <tabl=
e width=3D"100%" role=3D"presentation" style=3D"table-layout: fixed; vertic=
al-align: top; border-spacing: 0px; border-collapse: collapse; min-width: 1=
00%; text-size-adjust: 100%;"> <tbody> <tr style=3D"vertical-align: top;"> =
<td valign=3D"top" style=3D"word-break: break-word; vertical-align: top; mi=
n-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" rol=
e=3D"presentation" style=3D"table-layout: fixed; vertical-align: top; borde=
r-spacing: 0px; border-collapse: collapse; border-top: 2px solid rgb(222, 2=
24, 226); width: 100%;"> <tbody> <tr style=3D"vertical-align: top;"> <td va=
lign=3D"top" style=3D"word-break: break-word; vertical-align: top; text-siz=
e-adjust: 100%;"><span></span></td> </tr> </tbody> </table></td> </tr> </tb=
ody> </table> <div> <table style=3D"margin: 0px; padding: 0px;"> <tbody> <t=
r> <td style=3D"margin: 0px; padding-right: 11px; vertical-align: middle;">=
<img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/=
669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/dot-1=
.5x.png" width=3D"12" height=3D"12" style=3D"display: block; width: 12px; h=
eight: 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> NOW TRADING ON COINBASE </strong></p></td> </tr> </tbody> </tab=
le> </div> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca563719674=
18192255878e9689713&_m=3D5e0fb4089c4948eb8872d27abf46523f&_e=3DzHIBLBlEcBWC=
VsmUj0-NamIiWvQj5TFvqx-oznqgCvp-MmtmAa0MxP1BWXDIebRuTg_b6YsmTrc3BU0rqam_nAb=
JC-lzEKmg2RMVmKnSy04iTgeGPf_HXiTgEqd5F3AWXeN4wt7mvhDWyqjAouSqCpFp0lu8YyxdOi=
DhAfjDVVBPV2RsYDc_zYcvs5HZycRZkwANX2GURsjfyWYDG2QsNZ_CTOyGuULRVnzQEEVb6RTIQ=
tKkNI5qnzjJI5dZPPC5Q2d61g89iEXin2jhVYQR-os7b3ciMluV1IqZ0mpK-72jHzp6j3hvldST=
Xc_KV6JB_95WGvoRGLMjSViuvYBsXD8GjsYckA16n1RmLw5pd8gjX-mzN2sbl83jHIo7CjJL" t=
arget=3D"_blank" rel=3D"noopener noreferrer" style=3D"color: rgb(10, 11, 13=
); text-decoration: none;"> <table style=3D"margin: 16px 0px 0px; width: 10=
0%;"> <tbody> <tr> <td style=3D"font-size: 32px; line-height: 1.26; word-br=
eak: break-word; vertical-align: middle; white-space: nowrap;"><strong>EGLD=
</strong></td> <td style=3D"vertical-align: middle; padding-left: 12px;"><i=
mg src=3D"https://dynamic-assets.coinbase.com/f5144098d4a39fe9bf299023b7510=
591510511518affecaca969b653fbede43cedf272373785deae09c34131ddcd3ceca478d0f9=
f90a095d451c136113b66d50/asset_icons/a1eb3702040cdc9cbdfb687d22d60369b1480d=
dff195a37d9c23e373549efca7.png" width=3D"26" height=3D"26" style=3D"display=
: block; width: 26px; height: 26px; vertical-align: middle;"></td> <td styl=
e=3D"vertical-align: middle; text-align: right; width: 100%;"><img src=3D"h=
ttps://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a=
-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/Newsletter%20Asset=
s/newlistings_light.png" width=3D"21" height=3D"18" style=3D"width: 21px; h=
eight: 18px; vertical-align: middle;"></td> </tr> </tbody> </table> <p styl=
e=3D"margin: 0px; line-height: 1.6;">EGLD is the native token of the Multiv=
ersX blockchain network. </p> </a><a href=3D"https://links.coinbase.com/a/c=
lick?_t=3D3aca56371967418192255878e9689713&_m=3D5e0fb4089c4948eb8872d27abf4=
6523f&_e=3DzHIBLBlEcBWCVsmUj0-NamIiWvQj5TFvqx-oznqgCvp8t8bbosG4Hof-NObCBOv0=
5SzIYkWnywbNMCwIbD52lsxMZLNTixAaMb4Bi580UveacggzC3G8NspyjpZmKVevKlfeBXZs51q=
zQ2g-4yjkd_2hymTVTj1hepHKHsqyr0msXrRanqSgN89eLF35smWvb5eNkwxV2ZjlTinIUpWYY9=
b_lABl4DCUX0nkC1lAJ43j-jwVq9LiLEipsiaeB3b1AztjmQZc7Idfcm91fD7GpYwFhSrke0wn_=
8sGwVwsPrbmiT7a4HNAIgyLkqIeLVzzjQ2YAtJlsgFLmvuROVwHrL0QMchC_3heCbrGfw5vtAv2=
YbV9uXD6MifEYFaJwab7" 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; l=
ine-height: 1.26; word-break: break-word; vertical-align: middle; white-spa=
ce: nowrap;"><strong>MAGIC</strong></td> <td style=3D"vertical-align: middl=
e; padding-left: 12px;"><img src=3D"https://dynamic-assets.coinbase.com/303=
20a63f6038b944c9c0202fcb2392e6a1bd333814f74b4674774dd87f2d06d64fdd74c2f1ab4=
639917c75b749c323450408bec7a2737af8ae0c17871aa90de/asset_icons/98d278cda116=
39ed7449a0a3086cd2c83937ce71baf4ee43bb5b777423c00a75.png" width=3D"26" heig=
ht=3D"26" style=3D"display: block; width: 26px; height: 26px; vertical-alig=
n: middle;"></td> <td style=3D"vertical-align: middle; text-align: right; w=
idth: 100%;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users=
/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e=
9689713/Newsletter%20Assets/newlistings_light.png" width=3D"21" height=3D"1=
8" style=3D"width: 21px; height: 18px; vertical-align: middle;"></td> </tr>=
 </tbody> </table> <p style=3D"margin: 0px; line-height: 1.6;">MAGIC is the=
 utility token of Treasure, an NFT ecosystem built on Arbitrum. </p> </a><a=
 href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9=
689713&_m=3D5e0fb4089c4948eb8872d27abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-NamIiW=
vQj5TFvqx-oznqgCvpqMX2ddlL0BcleHNvj14VaTzW9LtA4BKfYwK2HniENzp4Jub5h239YpSov=
T8ee8cS37nriCWGtBKU3EWKpewTDCFixw1S_GfKKML6IQuke7NnDkHvtJrzHynypPmgr5hCUfNp=
0orrtvqxv4n3K8LDWRSJfuWmn-A6QorRlKD0gJAdNueOxIVpcPvtOxSVaU_nA6y9WAvvHmPWMaM=
MLnOYxk8-ZjqkwykdzSlx7Qb6qT4SBw7kKxHFQwv6yeX8HiWv6W40mjL6PxXkWznOR2_kk05mPV=
AYenfhE9X6duJYuNslyRBoreeJidQOfNnJHBmc%3D" target=3D"_blank" rel=3D"noopene=
r noreferrer" style=3D"color: rgb(10, 11, 13); text-decoration: none;"> <ta=
ble style=3D"margin: 16px 0px 0px; width: 100%;"> <tbody> <tr> <td style=3D=
"font-size: 32px; line-height: 1.26; word-break: break-word; vertical-align=
: middle; white-space: nowrap;"><strong>ANT</strong></td> <td style=3D"vert=
ical-align: middle; padding-left: 12px;"><img src=3D"https://dynamic-assets=
.coinbase.com/f8013fb90d1ff1a7841b3bc472986f950e9892a9719b189192759fb4b4e39=
fd1aea523459b66e5cbef6632f4dca198a1684e25b167675e5484b32424407cfb8b/asset_i=
cons/3e4121740dd411f3e370e71e1642976ea4590649ea683b84647a81c46d7aae19.png" =
width=3D"26" height=3D"26" style=3D"display: block; width: 26px; height: 26=
px; vertical-align: middle;"></td> <td style=3D"vertical-align: middle; tex=
t-align: right; width: 100%;"><img src=3D"https://d15k2d11r6t6rl.cloudfront=
.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5637=
1967418192255878e9689713/Newsletter%20Assets/newlistings_light.png" width=
=3D"21" height=3D"18" style=3D"width: 21px; height: 18px; vertical-align: m=
iddle;"></td> </tr> </tbody> </table> <p style=3D"margin: 0px; line-height:=
 1.6;">ANT is the ERC-20 governance token of Aragon, a DAO tooling platform=
. </p> </a> <table width=3D"100%" role=3D"presentation" style=3D"table-layo=
ut: fixed; vertical-align: top; border-spacing: 0px; border-collapse: colla=
pse; min-width: 100%; text-size-adjust: 100%;"> <tbody> <tr style=3D"vertic=
al-align: top;"> <td valign=3D"top" style=3D"word-break: break-word; vertic=
al-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%" ali=
gn=3D"center" role=3D"presentation" style=3D"table-layout: fixed; vertical-=
align: top; border-spacing: 0px; border-collapse: collapse; border-top: 2px=
 solid rgb(222, 224, 226); width: 100%;"> <tbody> <tr style=3D"vertical-ali=
gn: top;"> <td valign=3D"top" style=3D"word-break: break-word; vertical-ali=
gn: top; text-size-adjust: 100%;"><span></span></td> </tr> </tbody> </table=
></td> </tr> </tbody> </table> <p style=3D"margin: 0px; line-height: 1.6; w=
ord-break: break-word;"><strong>Trivia answer</strong></p> <table style=3D"=
margin: 12px 0px 0px; line-height: 1.6; word-break: break-word;"> <tbody> <=
tr> <td style=3D"padding-right: 12px;"><strong>D</strong></td> <td>All of t=
he above</td> </tr> </tbody> </table> <table style=3D"margin: 48px 0px 0px;=
"> <tbody> <tr> <td style=3D"text-align: left;"><img src=3D"https://d15k2d1=
1r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c54=
2cff6dd6a/3aca56371967418192255878e9689713/Rebrand%20Assets/coinbase_footer=
_wordmark.png" alt=3D"Coinbase" height=3D"26" style=3D"display: block; heig=
ht: 26px; margin-bottom: 24px;"></td> </tr> <tr> <td><a href=3D"https://lin=
ks.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D5e0fb408=
9c4948eb8872d27abf46523f&_e=3DzHIBLBlEcBWCVsmUj0-Nav-Nic1lTBGSWENX2a1xGlWN4=
x8D6GG7MD2p_FYMoTzJlv0YwevnBrFp9He0w_EAht1alqqFqEn4BWVKwOqrwqy8ONJkGSuR2cVe=
ErzCIsjEVSQTWrxpA5XtpNzYywR1ICITRE58ZYK_Ub8ASA3rorGw0FNI8-kT-glJilh_SvJkywv=
rMCY-JjrxccW2FWG1QFbDb1N1E79LWeqMYCcG5vkXgAF0BoOu0os7gl9t8y_3QlBfWYNhiho1hy=
AstpoWG_-b8NPp9Kc-3Ry8JhgyjtkGuXNdb_cdfLKucfDLRJ-1lZUkSDwzq7QYQ_Sno-2SI8ObE=
t2I2GVkiAXd1kC_W2XHzoW8XbmogisgElmMtOCs" title=3D"coinbase ios app" target=
=3D"_blank" rel=3D"noopener noreferrer"><img src=3D"https://d15k2d11r6t6rl.=
cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6=
a/3aca56371967418192255878e9689713/Icons/app_apple.png" alt=3D"Download on =
iOS App store" height=3D"46" style=3D"display: block; height: 46px; margin-=
right: 8px;"></a></td> <td><a href=3D"https://links.coinbase.com/u/click?_t=
=3D3aca56371967418192255878e9689713&_m=3D5e0fb4089c4948eb8872d27abf46523f&_=
e=3DzHIBLBlEcBWCVsmUj0-NapZ1ilD5iQkRIcQRzH2rloN3ao7_sBOr5TQ2Kzan4eu-plPPw5E=
IDaUevuC4xk4dfPZhcTaj5GZvCA6zMtuUlu0lVQVbXADmMESJltTHGVArvgWaLYT5sfOO_J1bA3=
m1imhjje7hAbOodvtHoHRZ0ooz0F11VPYC1x3zUPcjetxQhXVpBgVbYghwn0vn5Hc2rrPX1doQ8=
L5_eFIlirJOitpGriYScfPwAUFNaxXumSvnzIouP1WQ59lOfV4c9fCsJw4XNULKGoPibgSkddiY=
Z80RmVU92tsOOmnL5KOZv8k-uWlYCz7M8_FVHKPjxgFX7qPVURcB20Tex8HgDy-581pxqTxkonR=
uJBH-jNaMXuIZ" title=3D"coinbase android app" target=3D"_blank" rel=3D"noop=
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sers/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255=
878e9689713/Icons/app_google.png" alt=3D"Download on Google Play" height=3D=
"46" style=3D"display: block; height: 46px;"></a></td> </tr> </tbody> </tab=
le> <div style=3D"margin-top: 24px;"> <p style=3D"font-size: 12px; line-hei=
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