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From: Coinbase Bytes <newsletter@mail.coinbase.com>
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Reply-To: newsletter@mail.coinbase.com
Subject: How to sharpen your crypto skills
To: Vincent Herbert <vince@showfile.com>

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Coinbase Bytes Crypto down cycles are the perfect time to learn, experiment=
,=20
and research new projects. View in browser=20
<https://links.coinbase.com/e/evib?_t=3D3aca56371967418192255878e9689713&_m=
=3Da0502e08d00c4344a5fe14f87c99553a&_e=3DABq92Zqo3h2GfWk-C1dr10S11GXlOq2k3q=
wjSgLwsvuRuXy3WoVs7MItoUYic1FNa6tl9yrNU23iYBYjBy4xMMDl3R1_KnFpfHV9rJbZhUoAA=
Dqkh-z67DMxLWJvxBCPvat3nRlsPEBOKQlTT-3kkg%3D%3D>
 <https://coinbase.com>=20
 08-Jun-2022=20
 <https://coinbase.com/>=20
As crypto mining becomes big business, regulators are taking a closer look.=
=20
[agnormark via Getty Images]

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

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

 * How to take advantage of a crypto down cycle. Cooler crypto markets offe=
r=20
plenty of opportunities to sharpen your skills.=20
 * The U.S. is scrutinizing crypto mining. New York, Texas, and Washington=
=20
D.C. are all surveying the fast-growing mining industry.=20
 * Noteworthy numbers. The number of Chipotle restaurants that accept crypt=
o,=20
and other interesting figures to know this week.=20



 STACKING STRATS=20

How to make smart moves in a down market

Analysts have lots of hard data they use to predict market performance =E2=
=80=94=C2=A0but=20
they also have to factor in a vibe check known as =E2=80=9Cmarket sentiment=
,=E2=80=9D which=20
refers to everything from the psychology of participants to the tenor of ne=
ws=20
coverage. During extended bull runs, for instance, investors often assume g=
ains=20
are inevitable. But during down cycles =E2=80=94 like the current one, with=
 BTC down=20
40% for the year =E2=80=94 an equally unfounded degree of pessimism can set=
 in. While=20
nobody knows how long a down cycle might last, there are lots of potentiall=
y=20
smart moves you can consider to set yourself up for the next bull run. Let=
=E2=80=99s=20
take a look at a few.

 * Instead of trying to time the market, consider dollar-cost averaging=20
<https://www.coinbase.com/learn/tips-and-tutorials/dollar-cost-averaging> (=
DCA),
in which you buy a smaller amount of an asset every week or month no matter=
=20
what prices are doing. This is a smart strategy if you believe that crypto=
=20
prices will generally trend upward over a longer time horizon. Although DCA=
 is=20
a popular way to buy crypto, traditional investors have been using this=20
strategy for decades to weather stock market volatility. Anyone with a Coin=
base=20
account can quickly set uprecurring buys=20
<https://help.coinbase.com/en/coinbase/trading-and-funding/buying-selling-o=
r-converting-crypto/how-can-i-create-or-cancel-a-recurring-transaction>
 for any listed asset.=C2=A0=20
 * Earn interest with collateralized stablecoins. Holding USDC on Coinbase=
=20
<https://help.coinbase.com/en/coinbase/taxes-reports-and-financial-services=
/financial-services/usd-coin-rewards-faq>
, for instance, can earn you 0.15% APY, more than twice the average U.S.=20
savings-account interest rate. This is a great way to earn a little bit of=
=20
yield on some of your savings without tying your capital up in any kind of=
=20
difficult-to-unwind investment =E2=80=94 your money is ready to go if you s=
pot a killer=20
trade opportunity.=C2=A0=20
 * Take advantage of low gas fees to learn new crypto skills =E2=80=94 like=
=20
registering for an Ethereum Name Service (ENS) domain. Even though ETH pric=
es=20
have trended downward throughout the first half of this year, ENS registrat=
ions
had a record month in May <https://thedefiant.io/ens-record-breaking-month/=
>,=20
which saw 356,652 new .eth domain names. Why get an ENS name? The idea is t=
o=20
register a human-readable name =E2=80=94 as in [insert your nickname].eth =
=E2=80=94 that will=20
serve as yourweb3=20
<https://blog.coinbase.com/a-simple-guide-to-the-web3-stack-785240e557f0>=
=20
username (as opposed to the long alphanumeric strings that make up a normal=
=20
wallet address) and allow you to send and receive crypto and NFTs. Proponen=
ts=20
believe that as web3 continues to emerge, your ENS domain will serve as you=
r=20
identity for a huge range of online services.=20
 * Use the time and mental space afforded by the down market to learn how t=
o=20
DYOR =E2=80=94=C2=A0crypto speak for =E2=80=9Cdo your own research.=E2=80=
=9DSpend a few minutes a day=20
learning the basics <https://www.coinbase.com/learn>, reading crypto news=
=20
(including dedicated outlets likeThe Block <https://www.theblockcrypto.com/=
> and
Decrypt <https://decrypt.co/>); diving into the whitepapers of projects you=
=E2=80=99re=20
interested in; and digging into analytics (via sites likeMessari=20
<https://messari.io/>, DappRadar <https://dappradar.com/>, Dune Analytics=
=20
<https://dune.com/home>). No matter what you learn, never abandon common se=
nse.=20
There=E2=80=99s no such thing as yield without risk =E2=80=94=C2=A0so if yo=
u see double-digit=20
interest rates when banks are offering fractions of a percent, only invest =
what=20
you can afford to lose.=20


Why it matters=E2=80=A6 Nobody can predict the future, but pretty much all =
successful=20
investors agree that bear markets are where you make the moves that set you=
 up=20
for success in the next surge. By taking care of the basics now =E2=80=94=
=C2=A0whether that=20
means steadily DCA-ing into BTC or ETH while prices are low, growing your=
=20
knowledge, or taking advantage of low gas fees to experiment with DeFi =E2=
=80=94 you=E2=80=99ll=20
be ready capitalize when markets turn around.
Learn how to DCA=20
<https://www.coinbase.com/learn/tips-and-tutorials/dollar-cost-averaging?sr=
c=3Dstackingstrat_cta>



 MINE CONTROL=20

BTC mining is booming, drawing regulatory attention

While Bitcoin is hovering around multi-year lows, another key metric=20
=E2=80=94=C2=A0Bitcoin=E2=80=99s mining hash rate =E2=80=94 is close to all=
-time highs. BTC=E2=80=99s mining hash=20
rate is a measure of the network=E2=80=99s total computing power and akey s=
ecurity=20
metric=20
<https://www.coindesk.com/tech/2021/02/05/what-does-hashrate-mean-and-why-d=
oes-it-matter/>
. It currently operates near210 million terahashes=20
<https://www.blockchain.com/charts/hash-rate> per second, only a few percen=
t=20
below its all-time high set last month. So why has mining power been so hig=
h=20
when prices are struggling? What are the implications for the environment? =
And=20
what are regulators saying? Let's dig in.=C2=A0

 * The Bitcoin network=E2=80=99s mining power is a rough indicator of how m=
any miners=20
there are around the world=C2=A0=E2=80=94 and it=E2=80=99s a number that=E2=
=80=99s been rebounding since a=20
mining ban in China took a substantial percentage of mining power offline l=
ast=20
summer. Over the last year, BTC mining power has increasingly spread around=
 the=20
world =E2=80=94=C2=A0including thealmost 38% <https://cbeci.org/mining_map>=
 of global=20
activity that now takes place in the U.S., making it the world leader.=C2=
=A0=20
 * As the industry has boomed in the U.S., it=E2=80=99s drawn increasing at=
tention=20
from regulators.In response to the Biden Administration=E2=80=99s March exe=
cutive order=20
on =E2=80=9Cthe responsible development of digital assets,=E2=80=9D the Whi=
te House is working=20
on aforthcoming report=20
<https://www.theblockcrypto.com/linked/149850/white-house-office-report-on-=
crypto-mining-expected-in-august-bloomberg>
 on crypto mining and the environment, which will consider =E2=80=94=C2=A0a=
mong many other=20
questions =E2=80=94 the potential mining operations have on stabilizing ele=
ctric grids=20
by ramping up at times of low demand and shutting down when demand is peaki=
ng.=C2=A0=20
 * In New York (which currently hosts around 10% of U.S. BTC mining)=C2=A0a=
 bill=20
that would place atwo-year moratorium=20
<https://www.coindesk.com/policy/2022/06/03/new-york-senate-passes-bitcoin-=
mining-moratorium/>
 on new coal and natural-gas based mining operations awaits Gov. Kathy Hoch=
ul=E2=80=99s=20
signature. Some in the state say limiting energy-intensive proof-of-work mi=
ning=20
would help reach climate goals, while much of the crypto industry (includin=
g=20
Coinbase <https://mobilize4change.org/FF2JdMO>) points to the thousands of =
jobs=20
that could be lost if the bill passes. Meanwhile, in Texas =E2=80=94 anothe=
r U.S. hub=20
with around 11% of total BTC mining =E2=80=94 Gov. Greg Abbott has champion=
ed crypto=20
mining as a way to increase the kind ofenergy grid resilience=20
<https://www.bloomberg.com/news/articles/2022-01-27/texas-governor-eyes-bit=
coin-mining-to-fortify-the-electric-grid?sref=3DaInCMkkj>
 the White House report is studying.=20
 * Miners are incentivized to find the cheapest energy sources available,=
=20
which increasingly means sustainable and repurposed energy.Natural gas=20
producers use a process called =E2=80=9Cflaring=E2=80=9D to burn excess pro=
duction, harming the=20
environment and benefiting nobody. Mining firms are now tapping into flare =
gas=20
and converting the excess energy into value with no net increase in emissio=
ns.=20
Crusoe Energy, a startup focused on converting excess energy into BTC, rece=
ntly=20
raised $350 million and is pursuing flare-powered mining withExxonMobil in=
=20
North Dakota=20
<https://www.cnbc.com/2022/03/26/exxon-mining-bitcoin-with-crusoe-energy-in=
-north-dakota-bakken-region.html>
 and with thegovernment of Oman=20
<https://www.bloomberg.com/news/articles/2022-06-01/oman-backs-u-s-firm-min=
ing-crypto-to-cut-natural-gas-flaring?sref=3DaInCMkkj>
 in the Middle East.=C2=A0=20
 * North Dakota=E2=80=99s governor recently announced plans to partner with=
 another=20
renewable mining firm, Bitzero Blockchain, to create a$500 million facility=
=20
<https://bitcoinmagazine.com/business/bitcoin-miner-bitzero-to-build-headqu=
arters-in-north-dakota>
 that will use the heat generated by the mining process to warm a=20
food-producing greenhouse. And these kinds of initiatives aren=E2=80=99t li=
mited to=20
wealthy nations. In Africa, Kenya=E2=80=99s largest electricity provider an=
nounced=20
plans to offerBitcoin miners access to surplus geothermal power,=20
<https://blockworks.co/geothermal-kenyas-solution-to-crypto-minings-energy-=
demand/>
 potentially enabling the nation to emerge as a new mining hub.=C2=A0=20


Why it matters=E2=80=A6 Last year, Tesla made headlines when it reversed pl=
ans to=20
accept BTC, citing theuse of fossil fuels for mining=20
<https://www.cnbc.com/2021/05/12/elon-musk-says-tesla-will-stop-accepting-b=
itcoin-for-car-purchases.html>
. In the year since, a range of sustainable mining practices have emerged=
=20
=E2=80=94=C2=A0including the rise of flare-powered mining. Now, Tesla itsel=
f has announced=20
it=E2=80=99s getting into the sustainable-mining business, bybuilding a sol=
ar-powered=20
mining facility in Texas.=20
<https://www.cnbc.com/2022/04/08/tesla-block-blockstream-to-mine-bitcoin-of=
f-solar-power-in-texas.html>
Learn mining basics=20
<https://www.coinbase.com/learn/crypto-basics/what-is-mining?src=3Dminecont=
rol_cta>
 <https://www.coinbase.com/earn?src=3Dearn_bytes>=20

 NUMBERS TO KNOW=20

$72 million=C2=A0

Dollar value of the 19,969 NFT-based digital land deeds that Ethereum-based=
=20
game Illuvium=20
<https://www.theblockcrypto.com/linked/150291/nft-game-illuvium-raises-72-m=
illion-in-digital-land-sales>
 sold last week, defying a cooling NFT market. The sci-fi RPG, which is=20
scheduled to launch on PC and MacOS in the third quarter of the year, will=
=20
include a bespoke in-game marketplace that will allow players to buy and se=
ll=20
NFT-based land, weapons, and more.

$360,000

Dollar value of the Bored Ape Yacht Club (BAYC) NFTs that were stolen on Ju=
ne 4
=20
<https://fortune.com/2022/06/04/bored-ape-yacht-clubs-discord-server-was-ha=
cked-with-360000-in-nfts-stolen-blame-debated/>
 after the BAYC Discord was compromised by a phishing attack =E2=80=94 the =
third major=20
attack on the blue-chip NFT collection this year. The hacker gained control=
 of=20
a community manager=E2=80=99s account and began posting fraudulent links in=
 official=20
channels for both BAYC and the BAYC-related metaverse project Otherside. (L=
earn
how to protect yourself from NFT scams=20
<https://www.coinbase.com/learn/wallet/how-to-protect-yourself-from-nft-sca=
ms>.)

3,955 BTC

All-time high amount of bitcoin locked=20
<https://studio.glassnode.com/metrics?a=3DBTC&category=3DLightning&m=3Dligh=
tning.NetworkCapacitySum&s=3D1642521977&u=3D1654473600&zoom=3D>
 into theLightning Network=20
<https://www.coinbase.com/learn/crypto-basics/what-is-lightning> as of Sund=
ay,=20
a potential indicator of growing crypto adoption. The Lightning Network all=
ows=20
users to send and receive BTC quickly and cheaply by moving transactions of=
f=20
the main blockchain =E2=80=94 sort of like an express lane on a highway.

2,975+

Number of Chipotle restaurants in the U.S., all of which accept crypto=20
<https://www.coindesk.com/business/2022/06/02/chipotle-now-accepting-crypto=
currency-payments-at-us-locations/>
 payments via payments platform Flexa. Now you can buy that barbacoa burrit=
o=20
bowl and extra guac with 98 (!) different cryptocurrencies, including BTC, =
ETH,=20
and SOL.

$200

Max value of any crypto transaction that would be tax-free under a new=20
bipartisan crypto bill from Sens. Kirsten Gillibrand (D-N.Y.) and Cynthia=
=20
Lummis (R-Wyo.). Their long-awaited Responsible Financial Innovation Act=20
addresses a wide range of crypto policies =E2=80=94=C2=A0including taxes, s=
tablecoins, and=20
regulation. Notably, the bill would treat most digital assets as commoditie=
s,=20
falling under the jurisdiction of the CFTC (and not the SEC, which regulate=
s=20
securities like stocks). The senatorstouted=20
<https://www.cnbc.com/2022/06/07/bipartisan-crypto-bill-lummis-and-gillibra=
nd-want-to-empower-cftc-treat-digitals-assets-like-commodities.html>
 the bill as a =E2=80=9Clandmark bipartisan legislation that will create a =
complete=20
regulatory framework for digital assets.=E2=80=9D=C2=A0

17

Number of trademark applications Kanye West has filed=20
<https://decrypt.co/101850/kanye-west-stakes-claim-for-nft-and-metaverse-tr=
ademarks>
 for his YEEZUS brand =E2=80=94=C2=A0including for potential NFTs, =E2=80=
=9Cmetaverse experiences,=E2=80=9D=20
and =E2=80=9Can online marketplace for buyers of crypto and/digital collect=
ibles,=20
currencies, tokens, and assets.=E2=80=9D These applications may signal a re=
versal from=20
a January Instagrampost=20
<https://decrypt.co/91641/kanye-west-stop-asking-me-to-do-nfts-ask-me-later=
>,=20
in which the rapper said, =E2=80=9CSTOP ASKING ME TO DO NFTS.=E2=80=9D




 TUNE IN=20

Coinbase CEO Brian Armstrong on crypto=E2=80=99s place in a fast-changing w=
orld

On a special edition of our Around the Block=20
<https://www.coinbase.com/around-the-block> podcast, Coinbase CEO Brian=20
Armstrong is sharing his thoughts on the future =E2=80=94 and what it means=
 for crypto,=20
Coinbase, and the global economy. Join host Justin Mart as he chats with Br=
ian=20
about the next phase of the cryptoeconomy and how it relates to legendary=
=20
investor Ray Dalio=E2=80=99s "Changing World Order=20
<https://www.youtube.com/watch?v=3Dxguam0TKMw8>" thesis.
Listen to Around The Block=20
<https://open.spotify.com/show/4QsMNyNEUDu62E3L1PSlWB?src=3Dtunein_cta>=20



 TOKEN TRIVIA=20

Which of the following is a decentralized exchange?

A Coinbase=20
B Lightning Network=20
C Uniswap=20
D Polygon=20
Find the answer at the end of the email.
Learn about DEXs=20
<https://www.coinbase.com/learn/crypto-basics/what-is-a-dex?src=3Dtrivia_ct=
a>=20



 NOW TRADING ON COINBASE=20

SAND=20
SAND is an Ethereum token that powers The Sandbox, a multiplayer metaverse=
=20
where players can create, monetize, and participate in blockchain-based gam=
ing=20
experiences.
 <https://www.coinbase.com/price/the-sandbox?bytes_new=3Dthe-sandbox>=20
KSM=20
KSM is a cryptocurrency that powers Kusama, a protocol that enables=20
cross-blockchain transfers of any type of data or asset.
 <https://www.coinbase.com/price/kusama?bytes_new=3Dkusama>=20
C98=20
C98 is an Ethereum token that powers Coin98, a DeFi platform for swapping=
=20
tokens, staking, lending, and more.
 <https://www.coinbase.com/price/coin98?bytes_new=3Dcoin98>=20
BIT=20
BIT is an Ethereum token that governs BitDAO, a protocol designed to suppor=
t=20
builders of decentralized technologies.
 <https://www.coinbase.com/price/bitdao?bytes_new=3Dbitdao>=20


Trivia answer

C Uniswap=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=C2=A0| Coinbase Inc.
 248 3rd St #434 | Oakland, CA 94607 | US
 +1 (888) 908-7930

Unsubscribe=20
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are the perfect time to learn, experiment, and research new projects.</span=
><img src=3D"https://links.coinbase.com/e/eo?_t=3D3aca56371967418192255878e=
9689713&amp;_m=3Da0502e08d00c4344a5fe14f87c99553a&amp;_e=3DABq92Zqo3h2GfWk-=
C1dr10S11GXlOq2k3qwjSgLwsvuRuXy3WoVs7MItoUYic1FNrFOijSOSCV0bTWZKJqyz5DI8RiF=
RRUj6srSAADsUp3nIDd-nL5eUbp6wkX12k3EpabNLLaXyL_m_gBEOI7zxcwH0eRL1v4XzfWGmK_=
gnkj8Qjp8K62Czjy48KlwGpRRsNa4NHVOLtbiF1sNDSNRkzg%3D%3D" style=3D"border:0;w=
idth:1px;height:1px;border-width:0px!important;display:none!important;line-=
height:0!important;" width=3D"1" height=3D"1"/> <div id=3D"root" style=3D"m=
in-width: 320px; background-color: #FFFFFF; width: 100%"> <div style=3D"min=
-width: 320px; max-width: 570px; overflow-wrap: break-word; word-break: bre=
ak-word; margin: 0px auto;" class=3D"block-grid"> <div style=3D"padding: 0p=
x 10px 10px;"> <div style=3D"text-align: right; margin-bottom: 24px;"><a hr=
ef=3D"https://links.coinbase.com/e/evib?_t=3D3aca56371967418192255878e96897=
13&_m=3Da0502e08d00c4344a5fe14f87c99553a&_e=3DABq92Zqo3h2GfWk-C1dr10S11GXlO=
q2k3qwjSgLwsvuRuXy3WoVs7MItoUYic1FNa6tl9yrNU23iYBYjBy4xMMDl3R1_KnFpfHV9rJbZ=
hUoAADqkh-z67DMxLWJvxBCPvat3nRlsPEBOKQlTT-3kkg%3D%3D" target=3D"_blank" rel=
=3D"noopener noreferrer" style=3D"color: rgb(91, 97, 110); text-decoration:=
 none; line-height: 1.5; font-size: 12px;">View in browser</a></div> <div s=
tyle=3D"margin-bottom: 20px;"> <table style=3D"width: 100%;"> <tbody> <tr> =
<td style=3D"text-align: left; vertical-align: middle;"><a href=3D"https://=
links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Da0502=
e08d00c4344a5fe14f87c99553a&_e=3DgRg2W3B_URq6e-OL3aYFyZRq5bfqEcWjEw64sb4lt3=
BBYGX2isGzId89EqTZHBgQFiZx9L08KGyGVk7C6T1tNwP-wGdQrQoFK8k3qNgJ9Ud1HStg6skT5=
tBbtkrxxuF7h76JkTUSuXQQVrfTFk4x8jpfQeVdfk7q5vssz0DbXovqXr2xnrOq1IxpkVI8ODWM=
VW77RsFnu1_UUQfrid2ZKNYbXP1y5J_GRTM5W00zhvV-OJyNBd-878ol5e1eEHGDE1p5fZo21Wc=
90Fni_XbcARxceAWa-RoGNGwyDKBpHMB2dTjzzxC3iXiYyMFmcuKVZg6WzgwrmAiM10tCIblawj=
opauxHeVtN8ldiK0Dm5WYlwh4F0Zu7bi0i0konLpnN" title=3D"Coinbase Bytes" target=
=3D"_blank" rel=3D"noopener noreferrer"><img src=3D"https://d15k2d11r6t6rl.=
cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6=
a/3aca56371967418192255878e9689713/cbytes-4x.png" height=3D"36" style=3D"di=
splay: 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;"> 08=
-Jun-2022 </p></td> </tr> </tbody> </table> </div> <a href=3D"https://links=
.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Da0502e08d0=
0c4344a5fe14f87c99553a&_e=3DgRg2W3B_URq6e-OL3aYFyY9uYXAc0ZEyzg-Y2ogHMLADC3N=
MMb3LwrdBJ1QcSGOZEdNEsFzt7l7yhfyAYSDvf-mfhovRDZY1iCTor8o4MTWr44TahBduhgOfVj=
cC2bX9Zbi7_mO_pUbIX4jL_owQTvw5gzSNedC7NXdhoGE1IWXNm5U7OB0Pu64O01A2kR3C43sOb=
76iZfHFgTA2shEtY5DiSeEHsMOp3VWViBDKugqhv5fG6LpfXJTg_Zx0J5Hho93LkW0VZUjTfiDE=
eGZAR-UYFyhnzQGizFSIILP2dfypGhAdht4dtor1RJ1204pFlnxpXORkXz2-dV4BkOMXB-xwsIW=
HQ-_8QCnvvv2135-gb_BhFfyU8aaVTTtT_EWG" target=3D"_blank" rel=3D"noopener no=
referrer"><img src=3D"https://images.ctfassets.net/q5ulk4bp65r7/3inmIklzdM6=
VSRxfxWWHHD/c29f6915a4903c66b327d22ddedc0418/agnormark_via_Getty_Images.jpg=
" width=3D"100%" style=3D"display: block; width: 100%;"></a> <p style=3D"ma=
rgin: 16px 0px 0px; line-height: 1.5; word-break: break-word; font-size: 12=
px; color: rgb(91, 97, 110);">As crypto mining becomes big business, regula=
tors are taking a closer look. [agnormark via Getty Images]</p> <p style=3D=
"margin: 48px 0px 16px; font-size: 32px; line-height: 1.26; word-break: bre=
ak-word;"><strong>What=E2=80=99s up? It=E2=80=99s Coinbase Bytes</strong></=
p> <p style=3D"margin: 0px; line-height: 1.6; word-break: break-word;">Ther=
e=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-l=
ine-height-alt:26px;"><![endif]--><!--[if !mso]><!-- --><ul style=3D"margin=
: 10px 0px; padding-left: 24px; line-height: 1.6;"><!--<![endif]--> <li sty=
le=3D"margin: 0px; padding: 6px 0px;"><strong>How to take advantage of a cr=
ypto down cycle. </strong>Cooler crypto markets offer plenty of opportuniti=
es to sharpen your skills.</li> <li style=3D"margin: 0px; padding: 6px 0px;=
"><strong>The U.S. is scrutinizing crypto mining. </strong>New York, Texas,=
 and Washington D.C. are all surveying the fast-growing mining industry.</l=
i> <li style=3D"margin: 0px; padding: 6px 0px;"><strong>Noteworthy numbers.=
 </strong>The number of Chipotle restaurants that accept crypto, and other =
interesting figures to know this week.</li> </ul> <table width=3D"100%" rol=
e=3D"presentation" valign=3D"top" style=3D"table-layout: fixed; vertical-al=
ign: top; border-spacing: 0px; border-collapse: collapse; min-width: 100%; =
text-size-adjust: 100%;"> <tbody> <tr style=3D"vertical-align: top;"> <td v=
align=3D"top" style=3D"word-break: break-word; vertical-align: top; min-wid=
th: 100%; text-size-adjust: 100%; padding: 48px 0px;"><table border=3D"0" c=
ellpadding=3D"0" cellspacing=3D"0" width=3D"100%" align=3D"center" role=3D"=
presentation" valign=3D"top" 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-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/In=
tegrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e968=
9713/dot-1.5x.png" width=3D"12" height=3D"12" style=3D"display: block; widt=
h: 12px; height: 12px;"></td> <td style=3D"margin: 0px; padding: 0px; verti=
cal-align: middle;"><p style=3D"margin: 0px; font-size: 16px; letter-spacin=
g: 0.075em;"><strong> STACKING STRATS </strong></p></td> </tr> </tbody> </t=
able> <p style=3D"margin: 5px 0px 0px; font-size: 32px; line-height: 1.26; =
word-break: break-word;"><strong>How to make smart moves in a down market</=
strong></p> </div> <p style=3D"margin: 16px 0px 0px; line-height: 1.6; word=
-break: break-word;">Analysts have lots of hard data they use to predict ma=
rket performance =E2=80=94&nbsp;but they also have to factor in a vibe chec=
k known as =E2=80=9Cmarket sentiment,=E2=80=9D which refers to everything f=
rom the psychology of participants to the tenor of news coverage. During ex=
tended bull runs, for instance, investors often assume gains are inevitable=
. But during down cycles =E2=80=94 like the current one, with BTC down 40% =
for the year =E2=80=94 an equally unfounded degree of pessimism can set in.=
 While nobody knows how long a down cycle might last, there are lots of pot=
entially smart moves you can consider to set yourself up for the next bull =
run. Let=E2=80=99s take a look at a few.</p> <!--[if mso]><ul style=3D"line=
-height:1.6;mso-line-height-alt:26px;"><![endif]--><!--[if !mso]><!-- --><u=
l style=3D"margin: 10px 0px 0px; padding-left: 24px; line-height: 1.6;"><!-=
-<![endif]--> <li style=3D"margin: 0px; padding: 6px 0px;"><strong>Instead =
of trying to time the market, consider </strong><a href=3D"https://links.co=
inbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Da0502e08d00c4=
344a5fe14f87c99553a&_e=3DgRg2W3B_URq6e-OL3aYFyazXwk2Zx7FZ6yrtUn_CRR9JaX41HX=
Sua9Lxp59-ZcE1L5K-P6Icu-AavA_cX1gh3hPPev3mLSc8BP94aABQo2qWwPGj2FUz1dVC6Q9Ob=
EB5M3JXDDvmCV8Z3C01AtNoYh1jvpSG_IxY-Qjiy0vHiQoJmmd2Wku1ByHVPqYk01cq3wqQhufm=
x5QPKatU1RbkeBI37OEYyb_nC_bHDpMxP_VmVgUFVX3AzzdV7i8RrS3AYluc-gbwW9m-Ii54rGp=
QyLwDFcHWlHq6bWmH1UG0zLImSxtSaqtPAvz9PRVWohhvE04VOJPZ26N7tE2WlkUxGU0hukaqlK=
G4W49Ecs5RPLS9DdgznPHNLL4a1aIUwHpiEgrRy4AVAyIae8QXY0WxxdkLXxMUK8xDmaq7NjhAL=
HJQVArJnTulYLGzE2OvAWv0" target=3D"_blank" rel=3D"noopener noreferrer"><str=
ong>dollar-cost averaging</strong></a><strong> (DCA), </strong>in which you=
 buy a smaller amount of an asset every week or month no matter what prices=
 are doing. This is a smart strategy if you believe that crypto prices will=
 generally trend upward over a longer time horizon. Although DCA is a popul=
ar way to buy crypto, traditional investors have been using this strategy f=
or decades to weather stock market volatility. Anyone with a Coinbase accou=
nt can quickly set up <a href=3D"https://links.coinbase.com/u/click?_t=3D3a=
ca56371967418192255878e9689713&_m=3Da0502e08d00c4344a5fe14f87c99553a&_e=3Dg=
Rg2W3B_URq6e-OL3aYFyRH5rVIbdKZqVacTwYdrbp4EjcM26DRq5sl5AE8Zckd6V-x3pXy4CkB5=
Jz9awVAc_HIqkQHBa5cU_I6gYOkyHmtMtJidjx6ZRt9546A5clo8jg1TkhDGRIHp5iEIFZsyAaE=
Zr7iOyK_4xckpHGkinGVLtP30LAenZOU4mypjygz4XtZxDYdG8W3FcidMZIN22wiDRQr5RkhHPE=
rr3DgRhtKW0eDQmlsIxmYxrxGhUlTOjyMfhziyBirSrx_TaXogkOJs1UkY3YoUmek8tFBKMiuui=
pxdmW1L_9sqef-gpW-wvx_tz4jAO5fRH_c35AEb672ZIFEOARjUqv0ypRQ0oDb4WoeHFaNBXO6w=
5SO1ebaqAaMrD6UfVJZ6ErOXAv_EGX_V_L1ZnAC73ADz1SpGiFoqlCaP4M7YYqxudQyYWX-cuSn=
eUXnA4YAx9L1MFg-PSOHm0SaWVXJMlLAujWqZOXFvtWjNynLSKgrueWzCbqfp8thjUJyvGXIicr=
Rz3RcnwIKmV_oqrYi2ASaVitp5i6g%3D" target=3D"_blank" rel=3D"noopener norefer=
rer">recurring buys</a> for any listed asset.&nbsp;</li> <li style=3D"margi=
n: 0px; padding: 6px 0px;"><strong>Earn interest with collateralized stable=
coins.</strong> <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637=
1967418192255878e9689713&_m=3Da0502e08d00c4344a5fe14f87c99553a&_e=3DgRg2W3B=
_URq6e-OL3aYFyRH5rVIbdKZqVacTwYdrbp5xhCMfAB1g0STxxxlsA3hDzFiMcYA985VImVzVk3=
eWWhqzBQjODwqM6JOrgNVORlgkSfQkRdhXD0-JrpgqmM9GlY9AZxHLkZUHtkFxdkrrIr5W3k7fm=
58BSncrmz-O-uQpIwT0mSzQ9yPRPC3iJ42FOCW5IUtJTq4wit4xGvjef5dNAmoOnd1Rlo-DirVZ=
d-dBSBCrtrDik2_wdE-98RZ4iVcDLm0zGG04j0JedNUz16MTxJNhVgoycRbLJW3uWIsNQ-bWIPw=
62GP7hOO8yZX5_FKnyqHZHSrV6p43OgybEH7DxPcv8XgABiPf2j5OwvORN3_32cluhF9IVd5wM8=
f6ORWzatg64VT03gtl_p7I_fgHVWXZeEKut0Rn2U8OKCWq10sBshjbvo04e2dcE38dyWN_AAIzX=
uX4sN0eY8gk5o9G65VqRsyrwyQSysd-khz9kMb-l88Avhtnu2e9slfY" target=3D"_blank" =
rel=3D"noopener noreferrer">Holding USDC on Coinbase</a>, for instance, can=
 earn you 0.15% APY, more than twice the average U.S. savings-account inter=
est rate. This is a great way to earn a little bit of yield on some of your=
 savings without tying your capital up in any kind of difficult-to-unwind i=
nvestment =E2=80=94 your money is ready to go if you spot a killer trade op=
portunity.&nbsp;</li> <li style=3D"margin: 0px; padding: 6px 0px;"><strong>=
Take advantage of low gas fees to learn new crypto skills </strong>=E2=80=
=94 like registering for an Ethereum Name Service (ENS) domain<strong>.</st=
rong> Even though ETH prices have trended downward throughout the first hal=
f of this year, ENS registrations <a href=3D"https://links.coinbase.com/u/c=
lick?_t=3D3aca56371967418192255878e9689713&_m=3Da0502e08d00c4344a5fe14f87c9=
9553a&_e=3DgRg2W3B_URq6e-OL3aYFyQcNI2HBzZJFlcWJuHd-IWYqz7fRur-vyjTshxuQFArS=
bADigqPPDDq3aqZXY_if2HR3u5-MaD05rmPKxlB-KXZVNPX_Z7yaXzimD59aY3pGNQnZUUk1Pqi=
bav6-CBZGS3onA7BajXWHjl-j44e3o32zvcMAf1UYefIKvAhYS6rWlb5Vw2EFwbmHbMFjNW_yRK=
eDNEOCU6FSb82ddixqtU4bZyMjjYHOck57jd2nTVJwpMEdfQMxv0wz3uaRo4SXvc0bsjofpcG3e=
67rZ_axyDjv-8RgYb-uiQ_5S_6VRJdDOFpqqWnNlTPkl_TH76h8pKOZEPZRwOdCw91WOf9SHcad=
2z7_KhZXhdsCKeWNVLzTHvfD9J59R4xGGcJ-8YKcCIXqOAEpHh-pJpsva8idijM%3D" target=
=3D"_blank" rel=3D"noopener noreferrer">had a record month in May</a>, whic=
h saw 356,652 new .eth domain names. Why get an ENS name? The idea is to re=
gister a human-readable name =E2=80=94 as in [insert your nickname].eth =E2=
=80=94 that will serve as your <a href=3D"https://links.coinbase.com/u/clic=
k?_t=3D3aca56371967418192255878e9689713&_m=3Da0502e08d00c4344a5fe14f87c9955=
3a&_e=3DgRg2W3B_URq6e-OL3aYFyc2A9Z42Gva0eg6ldTmw9cBAVqPPmDVNoHHpaJJXSv-RxO5=
jI8X2bpn-nFlQT_tqruVFqESg8CSUBo81RHvXuat-0jooQHGvvtbiTJ29jijFn6v6T6pn84Spdu=
0dcB9o9UZfC33FX6u9iRgVYKAB_tto_OBBQWWYBjBlP-MPsx1iYro08Q66OHedzXGCZR_4l-JNO=
XmiEUB0wLMGbh6kKK7YQ_O8TC7XXzIak3jJ_YfU8nSPAMap1cBMNjp4sZQxeU2hbyRWHNMyw0o-=
BAxvnFWn2dbvWjI9Oc4KYQ5iqJkmPJhSYvGg-KPK4sEFmBfWS7tIy_WKIuewggjuwC6onjmPozj=
HFy7wTpAkODnLHqpSCDqvYnmmpbe737lYgevv8SdfTPiSLGAwWVuUxjr5Ut6QycBoZ0k62593iJ=
CNZ9A7" target=3D"_blank" rel=3D"noopener noreferrer">web3</a> username (as=
 opposed to the long alphanumeric strings that make up a normal wallet addr=
ess) and allow you to send and receive crypto and NFTs. Proponents believe =
that as web3 continues to emerge, your ENS domain will serve as your identi=
ty for a huge range of online services.</li> <li style=3D"margin: 0px; padd=
ing: 6px 0px;"><strong>Use the time and mental space afforded by the down m=
arket to learn how to DYOR =E2=80=94&nbsp;crypto speak for =E2=80=9Cdo your=
 own research.=E2=80=9D </strong>Spend a few minutes a day <a href=3D"https=
://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Da0=
502e08d00c4344a5fe14f87c99553a&_e=3DgRg2W3B_URq6e-OL3aYFyazXwk2Zx7FZ6yrtUn_=
CRR-Yg2X3kLyjS3NfP8T-ffFlqIqt9RfN8P799O5jvjbxL2uaQpRXmJmoa-0ar8RrQJrdfrB7-0=
9EDTAtZRz8fRDr0QiEfJ-ZS5eDmYU2eOGgd8-K80r6UXR1id5zqPnLs3mohy4JoWoTXS2BALZcj=
T07YvIjm-3fbXOo9MnE0R22Xv1_DOTe5Fo6oBf7No3QOQWYxxBqrJ8USUQseRiqSQxGyN5HCiob=
gPtM2BM1R0K-i2M26xaFCeQk0VDmcKqy79awF1STV15MNLRzSSUGE4oOgztmzq7lG3I6P8dP2-N=
JqOo9bYuWS96M-fxjgTRItWHs955rYc-B3gGNICGeHuTddBJ1DtcvWjGtpULna-MFaA%3D%3D" =
target=3D"_blank" rel=3D"noopener noreferrer">learning the basics</a>, read=
ing crypto news (including dedicated outlets like <a href=3D"https://links.=
coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Da0502e08d00=
c4344a5fe14f87c99553a&_e=3DgRg2W3B_URq6e-OL3aYFyf10YYtws0gUTCBdum4t3Amb-bM7=
WdFoVD2BXn4_JVg16WTtKcFlVPxFmU39l5W4nbRsSgAkOVnMhhVImFm5JXwl5Q7NbUjo2OGQLUR=
_sXd2bKJwzetJhI9RWb304-xIwWQMovB1tADli3atU5d_ko69iw7Wv_R_nv5tOUE4WRfRb7U4h5=
8deyRWZcDYxYICx1lNBmJ97VAQkV69T4VQf1bamHsanb52tzC91eTbri1lebL6gJI99etMIjZ4b=
XBy3JK-bpNN-hH4YcrN_Ok19C8nj1zdYKhwBlNwfOKmkdVUs2y6yvayBTSxsOWkXQ567PtqS8A3=
lbOlo_xNLTrPdsNgFuawZWPrTEo6sHH4dc-X3pn-mzxTMLe5HiBepO8M8w%3D%3D" target=3D=
"_blank" rel=3D"noopener noreferrer">The Block</a> and <a href=3D"https://l=
inks.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Da0502e=
08d00c4344a5fe14f87c99553a&_e=3DgRg2W3B_URq6e-OL3aYFyQaCYAgI4zEEvPUjKlMo7Xr=
mZ6q2_1Spc__C3nFw786cCbhGg2dLhGByEQY2NGEZziu7QftIGwn4i7AlxxNChhaqWyGMzn1b_j=
q7Un1BE5Tat4ZfzIWRwMwtnGBiN5J5VG_uT_WQ9xoDMDwxne3lMq0YCsD2vfYKLDc6cFBUy6pzf=
7a5CK0itYZmLxJaUQZlBFiQVsLI8qRxF5lNCgQ1K0ceACv1zoVCnuLD3Jx4A5z0LYf3dSljB1uN=
kK98MvvZylHS2lC2rKH66AfSz0zFix2A4IuDvILEQG-eKdZJTYtLJw2XVLWO4WgTIe9yjcs9pyC=
7-lXH2sNy1foBfdopo--snyE0FcR35qBD__h0PayN" target=3D"_blank" rel=3D"noopene=
r noreferrer">Decrypt</a>); diving into the whitepapers of projects you=E2=
=80=99re interested in; and digging into analytics (via sites like <a href=
=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e968971=
3&_m=3Da0502e08d00c4344a5fe14f87c99553a&_e=3DgRg2W3B_URq6e-OL3aYFyW61WJYFZd=
AMEv_mNGFIMojv8dRME9w1Pp26W4hbETrBC0PT5jmgynZzg6BhDTkts3hO1rWx5JBS6HcZyHfN5=
f13veUXtwJWf8WOqhdCWfwAZkFvTksrzZz1rEyFun33fgbFqAGrgxCY54YdpjnzAM4UMMo4yy0f=
Z2IVK5EpROUSdo4XLXLlnzAqL_eugIm8uzvwi0d8I8UzAMfcOMnuJSUtT8z-mJJXAr3yjXtOROs=
99kXTSnEQhgS9hFuHQ9_rd8hDi4QKPBYEMJ7cli2hYu8-u_sol1LwNB2LkTAqrbRjvqSXLfCxeP=
Jg80oHSSRMgPiiCe2qmX6vnfHQ8zGvEOamSFu5lOkoQMYoI826LTjy" target=3D"_blank" r=
el=3D"noopener noreferrer">Messari</a>, <a href=3D"https://links.coinbase.c=
om/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Da0502e08d00c4344a5fe1=
4f87c99553a&_e=3DgRg2W3B_URq6e-OL3aYFyUhe-3ZRpZafB6nX2mICcBf91QKl9sR58j5710=
2no3O7pvhw11d9CAl44pGsDJUHSZprVm8JdiVkSuJenn1bzzVgnbxWYEFMWOZNTDjsfBq4zA9Sr=
iaLIj05kQ0GVQkG4MTFQoS58Qn3fcuZD-X4KThzqpnJPzBVEBPcBvwvFJFBs1C8G04qyNL2DR5U=
PjtRXF-xgrG9BkNAEzuoBDKM7Zd6R0cchg2jHVgwxjeRloGXa5Nb84gYUM_9CsF2uXVxFrmWdQ4=
jGYyeeWX2UWzoSvwEvvN9zjFgFt_cm3hEhj_7PhIhXAk85eZ7JC1F8BUIAP0T5PVWrTJaB8dmMH=
x6Qb5W5Ko3B63xgKs9A8jMwpvg" target=3D"_blank" rel=3D"noopener noreferrer">D=
appRadar</a>, <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563719=
67418192255878e9689713&_m=3Da0502e08d00c4344a5fe14f87c99553a&_e=3DgRg2W3B_U=
Rq6e-OL3aYFyRB9vgVP6DahykByOuFiLyEXrlkzbei2nFannzLLyUiJo36IKbNbyRNFzoyY1Jju=
0WA_heHkRrr3ZdAXCWCfAn-ZbfBgv4KU50V7GQQynFWD5ZaA5ZJUNcY_IUn4YS1WsWEEa2RDtCI=
eXnMV2kOwH8i7boW_CasZNro01vAhF4jzQDrNfFNws_E9bIMAsBXLXfAFEOKbjyit1f0xfKXswG=
mDTqlIjE-w9bzmne2JM8QG1dKKH4lzptf9m9Ba3AQ9CFyF1W7L1CGPHqqa7iFWMyitrJkbjrMpW=
DdJvwTet-NOZlnYGV8V1FA0KMXO3mppbbtOyIUJ6h5aH8G4NfgTlwap_RkrKJqj0R3aNQmlPryH=
" target=3D"_blank" rel=3D"noopener noreferrer">Dune Analytics</a>). No mat=
ter what you learn, never abandon common sense. There=E2=80=99s no such thi=
ng as yield without risk =E2=80=94&nbsp;so if you see double-digit interest=
 rates when banks are offering fractions of a percent, only invest what you=
 can afford to lose.</li> </ul> <p style=3D"margin: 0px; padding: 0px;"></p=
> <p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break-wor=
d;"><strong>Why it matters=E2=80=A6</strong> Nobody can predict the future,=
 but pretty much all successful investors agree that bear markets are where=
 you make the moves that set you up for success in the next surge. By takin=
g care of the basics now =E2=80=94&nbsp;whether that means steadily DCA-ing=
 into BTC or ETH while prices are low, growing your knowledge, or taking ad=
vantage of low gas fees to experiment with DeFi =E2=80=94 you=E2=80=99ll be=
 ready capitalize when markets turn around.</p> <div class=3D"cta_button" s=
tyle=3D"margin: 24px 0px 0px; padding: 0px; width: 50%;"><!--[if mso]><tabl=
e width=3D"100%" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"=
border-spacing:0;border-collapse:collapse;mso-table-lspace:0pt;mso-table-rs=
pace: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:of=
fice:word" href=3D"https://links.coinbase.com/a/click?_t=3D3aca563719674181=
92255878e9689713&_m=3Da0502e08d00c4344a5fe14f87c99553a&_e=3DgRg2W3B_URq6e-O=
L3aYFyazXwk2Zx7FZ6yrtUn_CRR9JaX41HXSua9Lxp59-ZcE1L5K-P6Icu-AavA_cX1gh3hPPev=
3mLSc8BP94aABQo2rUIF9IbZT2Er4qHU4JOPfbNX3pjz-h3Op6s4JIgPgXDL7_RuR0Y8M5Ew4DF=
D41cyTfwatN6w8W1X4O2sFXJYHl1CeTrGmACeFZ-Q2T9FuqnnET0A8eI2a56VISZX9MMx2QjbnP=
6n7tQlRMvN9ri6Q95EKHclUvMXecr6CN5ZLx8SNs8mpKubUc2UhF5YGVB2-9azgwlD78POlCIZQ=
p89QkXp5vt_epNm6PXHp13HUYp2iItmFve8I_nJPDJ-h38HcCj1wJXdn7DwaUXkA3kxRyU2wzP2=
V8J2PzvjcwHV9Yi9iLraS3Ksrxjk_77MEmJdsLDp13ujm23KPi3_D3WXwfEMvCR6caNPjvGv24h=
zngFA-X_113lrq34jeWubE52rw%3D" style=3D"width:350pt;v-text-anchor:middle;" =
arcsize=3D"17%" stroke=3D"false" fillcolor=3D"#0052ff"> <w:anchorlock/><v:t=
extbox inset=3D"0,0,0,0"><center style=3D"font-family: Helvetica Neue, Helv=
etica, Arial, sans-serif;"><![endif]--><a href=3D"https://links.coinbase.co=
m/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Da0502e08d00c4344a5fe14=
f87c99553a&_e=3DgRg2W3B_URq6e-OL3aYFyazXwk2Zx7FZ6yrtUn_CRR9JaX41HXSua9Lxp59=
-ZcE1L5K-P6Icu-AavA_cX1gh3hPPev3mLSc8BP94aABQo2rUIF9IbZT2Er4qHU4JOPfbNX3pjz=
-h3Op6s4JIgPgXDL7_RuR0Y8M5Ew4DFD41cyTfwatN6w8W1X4O2sFXJYHl1CeTrGmACeFZ-Q2T9=
FuqnnET0A8eI2a56VISZX9MMx0J20fajtJ4d9ajzY17bYZEA1dxzFxrsAmmqn2S0W1MOBKnOAe0=
1jhCcJx7-wrHESuFj2xKeqEjUJB_SPf7OUcSAR9ZhNKdJHE19kiCmj4o08RzQ5eulBLWQ0_A1K0=
q5FyVcOrmgi7MuJtckDfv4rZp4UVYamdT2BP6B71dCoefAkebuWEIxiNKQhXwZvfKUMDd8AaqdF=
vtrzYw9dCXeeYXnkDI-fJIkQ5sTfq1xTMdyOvgm8nHzUwVG9p5-5n7OLg%3D" target=3D"_bl=
ank" rel=3D"noopener noreferrer" style=3D"display: block; margin: 0px; line=
-height: 1.2; font-size: 16px; text-decoration: none; color: rgb(255, 255, =
255); background-color: rgb(0, 82, 255); border-radius: 30px; text-align: c=
enter; padding: 18px 0px;"><strong>Learn how to DCA</strong></a><!--[if mso=
]></center></v:textbox></v:roundrect></td></tr></table><![endif]--></div> <=
table width=3D"100%" role=3D"presentation" valign=3D"top" style=3D"table-la=
yout: fixed; vertical-align: top; border-spacing: 0px; border-collapse: col=
lapse; min-width: 100%; text-size-adjust: 100%;"> <tbody> <tr style=3D"vert=
ical-align: top;"> <td valign=3D"top" style=3D"word-break: break-word; vert=
ical-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%" a=
lign=3D"center" role=3D"presentation" valign=3D"top" 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 styl=
e=3D"vertical-align: top;"> <td valign=3D"top" style=3D"word-break: break-w=
ord; vertical-align: top; text-size-adjust: 100%;"><span></span></td> </tr>=
 </tbody> </table></td> </tr> </tbody> </table> <div> <table style=3D"margi=
n: 0px; padding: 0px;"> <tbody> <tr> <td style=3D"margin: 0px; padding-righ=
t: 11px; vertical-align: middle;"><img src=3D"https://d15k2d11r6t6rl.cloudf=
ront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca=
56371967418192255878e9689713/dot-1.5x.png" width=3D"12" height=3D"12" style=
=3D"display: block; width: 12px; height: 12px;"></td> <td style=3D"margin: =
0px; padding: 0px; vertical-align: middle;"><p style=3D"margin: 0px; font-s=
ize: 16px; letter-spacing: 0.075em;"><strong> MINE CONTROL </strong></p></t=
d> </tr> </tbody> </table> <p style=3D"margin: 5px 0px 0px; font-size: 32px=
; line-height: 1.26; word-break: break-word;"><strong>BTC mining is booming=
, drawing regulatory attention</strong></p> </div> <p style=3D"margin: 16px=
 0px 0px; line-height: 1.6; word-break: break-word;">While Bitcoin is hover=
ing around multi-year lows, another key metric =E2=80=94&nbsp;Bitcoin=E2=80=
=99s mining hash rate =E2=80=94 is close to all-time highs. BTC=E2=80=99s m=
ining hash rate is a measure of the network=E2=80=99s total computing power=
 and a <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637196741819=
2255878e9689713&_m=3Da0502e08d00c4344a5fe14f87c99553a&_e=3DgRg2W3B_URq6e-OL=
3aYFydLLdIOS7k8idmgxJQeTdtZlf242bdiv6lMpobqYwfJOQ3irjWZKjtGZJ2p71n25ge0-F3F=
3MhDOrFgW_1HfVBTxZDmWgMEms_ECkYVeFiKOHcW-1JIc7MkmqB39UkNdifFbP5E_x9nuCim6fk=
YJAYcJRbciwkcOBTxmBql9aQAT2OGFk6LSQwE3uU7sB-IJmoNswS6UeaAt9HiOWguNsz8dO0d5W=
gYYPJjeJ99ElqQ0PR7QFF7vNBG2WokRxrz2C3eZhR3nSldKa2oPn6I-v2liUi7UW1T8EdB8NfFG=
PBirEgnZ81za7NnYPWXGll9PzgC1R9WyPs5WrzOmh98pH412rBh4wx1bkmMD4UdiY5oPYBRm9mO=
g4oonugK7TuOjakGVAW7dT9OLiOsMimqt1Ygx8yvgv7EqIFCIlaMcVBX6E1sseCdt-S4lbiWUyf=
N5bg%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">key security metr=
ic</a>. It currently operates near <a href=3D"https://links.coinbase.com/u/=
click?_t=3D3aca56371967418192255878e9689713&_m=3Da0502e08d00c4344a5fe14f87c=
99553a&_e=3DgRg2W3B_URq6e-OL3aYFyVCDzfCRSKDvXUj24zq_g63uhPZrKn6mrQ9GDE3ZZtZ=
tOXcReVs2HM7KzBxh_CaBuH098VDPtFmLMseiS_t7n-XSUED5JNQszHIW2G5OJgQSK7zLdMeWuL=
-B9hNUx4h7rkUyrF1XZNB_Q3RFtylXDro9YjacGqE2BEevtC4h3jFIII7-aCAzxvyyuASv5ctMR=
CJ7Rh3RvJo8i8_quSYd1Z0f69o9JxCIr1BEfOueW_tc1qPD_bCvt1gK524iIs8nEpryBcPw2zCT=
WvMH0UZ78VdfnYxc8qP1yqz7kOBlXe5pclpQYelR7CDWsFIDBuC7D0X6AcHiEurYSevo_EdidAS=
H5j4kfP6zQ8wx9Wa0p4RQhtilPUZGVvaPuc_ZZoXXMg%3D%3D" target=3D"_blank" rel=3D=
"noopener noreferrer">210 million terahashes</a> per second, only a few per=
cent below its all-time high set last month. So why has mining power been s=
o high when prices are struggling? What are the implications for the enviro=
nment? And what are regulators saying? Let's dig in.&nbsp;</p> <!--[if mso]=
><ul style=3D"line-height:1.6;mso-line-height-alt:26px;"><![endif]--><!--[i=
f !mso]><!-- --><ul style=3D"margin: 10px 0px 0px; padding-left: 24px; line=
-height: 1.6;"><!--<![endif]--> <li style=3D"margin: 0px; padding: 6px 0px;=
"><strong>The Bitcoin network=E2=80=99s mining power is a rough indicator o=
f how many miners there are around the world&nbsp;</strong>=E2=80=94 and it=
=E2=80=99s a number that=E2=80=99s been rebounding since a mining ban in Ch=
ina took a substantial percentage of mining power offline last summer. Over=
 the last year, BTC mining power has increasingly spread around the world =
=E2=80=94&nbsp;including the <a href=3D"https://links.coinbase.com/u/click?=
_t=3D3aca56371967418192255878e9689713&_m=3Da0502e08d00c4344a5fe14f87c99553a=
&_e=3DgRg2W3B_URq6e-OL3aYFydAEOIwDB-9HF-ykokXtLOPpNQCrePYje9-US5nHsQwN6lVYX=
VWzW-w3Mlkqhmubg0hzFONhnJrXLp783kyTfFIwyUyEARaTcf30ySxrjiFS6bVCW8vEEicC87dt=
7BgJwR-ekLz46SowfefzLE8cD4T466zn3UzoKX5m9AnlvT64Q9UVGshTW_F1b83tcaUD8J3DeSD=
u80MrIwV-yb_5iGP6sqDQFnL-KrfveUzUGHjYR5sKRTrdI9gDcRZxlMy8Xo25T9RlXzrcj93kdR=
O2HUoTb2HRcXtDApNu6U_BJ_IuGnUnTx-nXxBNQoOhfb7zgeDlHgsCHXpWgJgyu5geJGwNV1TFD=
_5Y0jf8R6z8aoJ0" target=3D"_blank" rel=3D"noopener noreferrer">almost 38%</=
a> of global activity that now takes place in the U.S., making it the world=
 leader.&nbsp;</li> <li style=3D"margin: 0px; padding: 6px 0px;"><strong>As=
 the industry has boomed in the U.S., it=E2=80=99s drawn increasing attenti=
on from regulators. </strong>In response to the Biden Administration=E2=80=
=99s March executive order on =E2=80=9Cthe responsible development of digit=
al assets,=E2=80=9D the White House is working on a <a href=3D"https://link=
s.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Da0502e08d=
00c4344a5fe14f87c99553a&_e=3DgRg2W3B_URq6e-OL3aYFyf10YYtws0gUTCBdum4t3Alwr2=
gCQtnEZWGGBbUMf_QEt_IoQuuOnnUyn5v9zbyEGhjCa0VNwPfSw2JVIe8i-AuUvBnJU5Papc2_2=
bp8hCXlA1rJAuZuKwcbDMfdCyuBJYC2JVNLXJ1JDPOu8UdrwnmNDGskkUT3NVNkP5L_vwVsXDBJ=
d9ybU89-lWjnbk9oWPohdzuNaLG6MF0ZWcdAXK8e10AknkuQ-G7rKk0rUnz016Hf4V49DnP7LMx=
Z-_cbL7J0_gIZJUZkE7YhfQoS6BBuLXXV94rvCFSMTxTOj7nafDXQKoy3boPVwB_-ovFQ3TraSY=
aLh2-mPNmX8SxLjF76xqw6Lxhj9waD-N5VX5ppr1bBV29ar0kUb0cUFzn7jinn9QPR8Y4VSHsez=
-FBlBOriSTVb0jadTOkFZ2HCsiaSv4UJ5aWzy6BqveqQhxpyp2HSfZFRpRGVMYwJ2KYqhS_2a-h=
Qfaj96iQAVLvQ9hD" target=3D"_blank" rel=3D"noopener noreferrer">forthcoming=
 report</a> on crypto mining and the environment, which will consider =E2=
=80=94&nbsp;among many other questions =E2=80=94 the potential mining opera=
tions have on stabilizing electric grids by ramping up at times of low dema=
nd and shutting down when demand is peaking.&nbsp;</li> <li style=3D"margin=
: 0px; padding: 6px 0px;"><strong>In New York (which currently hosts around=
 10% of U.S. BTC mining)&nbsp;a bill that would place a </strong><a href=3D=
"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_=
m=3Da0502e08d00c4344a5fe14f87c99553a&_e=3DgRg2W3B_URq6e-OL3aYFydLLdIOS7k8id=
mgxJQeTdtZAvviFCcnAFMm56mLHNgsFq3UHY21HYIwLQ9vy30M0LsncTKemhXKaeU_uIaSUhZX4=
Gl7g79A_5EHC-k9a3azl1xN_kStbsVvnGdbKna8fPGTxp4JFBSXQ8RanIphzsVZwpOWKDrg3QJg=
GORJ_R4e_QRyB2CQCoTLn1Lrcq7XgdduPn1voVS35C5UhSo-OQBP5ZxKt9uHJF38LstF1nLsGgR=
-UhjfSunwIVhcFdic1pB909yoJErPv5Lje43XRyTPHL-0bA-NH2hZ_hDGlfr5saOliYpb8cw-rF=
BV_7ItvQMDYIRFhqdrCfzRfb_TDzxRdb3wV3SqYHfTYde4MByCAVe6lLynySSV274Luw3RylbPN=
LPATYiP7art_Rh5pKDmPB_TB2VjFPq2BLem_dJXa054H6LeMQs8Pn79HInhJsQ%3D%3D" targe=
t=3D"_blank" rel=3D"noopener noreferrer"><strong>two-year moratorium</stron=
g></a><strong> on new coal and natural-gas based mining operations awaits G=
ov. Kathy Hochul=E2=80=99s signature.</strong> Some in the state say limiti=
ng energy-intensive proof-of-work mining would help reach climate goals, wh=
ile much of the crypto industry (<a href=3D"https://links.coinbase.com/u/cl=
ick?_t=3D3aca56371967418192255878e9689713&_m=3Da0502e08d00c4344a5fe14f87c99=
553a&_e=3DgRg2W3B_URq6e-OL3aYFyTYkQkUJ9Am9xlb6q7IibDl-co85eQD4tbWImZFPIm6qu=
yTePVT1YBahw-cRMgkvSL8swCymjD7WtAYRznfJmzmbw2UgDXfUGoSQQCQUgwfjzDXlvl6tMXtZ=
WxWJNoM-Bq87qeB0Zz1IeK7DGThkCsL9PoJ1ot9fpomicXBq4IsJ0KiObZJITE-g2z-4UKfoZkQ=
3vAnHYJQbAZpDU59DUVfga5EK485X7XzkRQZ8jQ853I5LgjaHRtyQtLC7v5uLH-16qQ70OQrN6U=
vs2oHtguXjwZfUmdHnfFX9UTauiQ5sG54LrnU_sCNwfTFD-3KqIDPczOYY4dw--4D8lT8icyR4Z=
eD6ku3DkaPrhgGmtIqzRKboV6_XgnlYgh5P1bxR1w%3D%3D" target=3D"_blank" rel=3D"n=
oopener noreferrer">including Coinbase</a>) points to the thousands of jobs=
 that could be lost if the bill passes. Meanwhile, in Texas =E2=80=94 anoth=
er U.S. hub with around 11% of total BTC mining =E2=80=94 Gov. Greg Abbott =
has championed crypto mining as a way to increase the kind of <a href=3D"ht=
tps://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=
=3Da0502e08d00c4344a5fe14f87c99553a&_e=3DgRg2W3B_URq6e-OL3aYFyTvXspKVU2lY6z=
wzPVbi4JLx219UgkG6UCAF0IH0h02bRp4EZJqxj6Anuk3WUFVgMC3ft2oJue3FqEHvAI-q_ShSN=
OP60K9xdaJRPAERVmqQIf8I-Ys035JCE2D3MfuNAbkIqjcBAYg7ZGdTfD54QFNL6nzR-aQKWQYV=
K8PywJX3azmFbCK8KOMt_BWB5B1JiS201o3UXeb-5FddZyMfpw2dacKU7NuDeDY7_Z6BajkviIG=
CCbRSFZ4Lt8M-DNVqTPF3tVdEinnZ_vRR3_WMcRpOsNySXSN433vGoNZycX6RjJOYdAmPLjXc_p=
r3v4fetw3SoYYEWcMCDFpClcEdabzM2GnuXJsD_ToVSO_3jZvYpLGrX92yIHN-n9YAqLe5vYZpX=
xvZRTe8v7M9Q7g9PUaLKcr57bw-WGnpEkYK0RP9u7De5A9u14I1BBlsICRS95UrR6gwFQTqmBrG=
VJ4j7-fY9Y008S2ROKD_3J_fKgy7bGO_qdTDllm-zwfl8v7yBA%3D%3D" target=3D"_blank"=
 rel=3D"noopener noreferrer">energy grid resilience</a> the White House rep=
ort is studying.</li> <li style=3D"margin: 0px; padding: 6px 0px;"><strong>=
Miners are incentivized to find the cheapest energy sources available, whic=
h increasingly means sustainable and repurposed energy. </strong>Natural ga=
s producers use a process called =E2=80=9Cflaring=E2=80=9D to burn excess p=
roduction, harming the environment and benefiting nobody. Mining firms are =
now tapping into flare gas and converting the excess energy into value with=
 no net increase in emissions. Crusoe Energy, a startup focused on converti=
ng excess energy into BTC, recently raised $350 million and is pursuing fla=
re-powered mining with <a href=3D"https://links.coinbase.com/u/click?_t=3D3=
aca56371967418192255878e9689713&_m=3Da0502e08d00c4344a5fe14f87c99553a&_e=3D=
gRg2W3B_URq6e-OL3aYFyYeTJkBdN-sM8Xbwh1NKfnVlGSBqsDLiBLyweD22Ua25hoPual_15wB=
1zbdPJYbJ-Z2KIKoEovOY-CuALyb8fUuaRwzwAW1g4f_L0Z2hLo-vs6QhzIxh_7YZSzSkLtHyiA=
DslOhYBbbmUKJDOyP_4LpdFBUPIAGg7mptmdDJp1VF4nQAUwgb0nURtOAaOD9knZziIuJBoLaiX=
4vTNkr6OKFnbj09cDGWdA67oMIK6KvHBjPUV_3JYaVQk01dUqW9vtNFTK6DANg9wFssf9vVPJNA=
OLVmiDpnHc1MEgtsqTCYCmYI6RJ6emguSF0Yyius0D-eE9TiE6uTgSkOaJWQf8EPGRYB45JPdbS=
kedM2WASaRfQkhkpICy1S61v54G3zSzfGt4HJaUPTnCrAl5M41y2oujWi4o4pZd_sxVJ9Nyjwsp=
HaDpXiCsR14UdXmam8ytUk2XvQAMMBc2Qms8Jk2ds%3D" target=3D"_blank" rel=3D"noop=
ener noreferrer">ExxonMobil in North Dakota</a> and with the <a href=3D"htt=
ps://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D=
a0502e08d00c4344a5fe14f87c99553a&_e=3DgRg2W3B_URq6e-OL3aYFyTvXspKVU2lY6zwzP=
Vbi4JLx219UgkG6UCAF0IH0h02bVsDybt5FiSZG95qZVvdp9k3H1jdVu7f73K-j0mjDUq1a2kEX=
qZrYp9CjFoH6Z0iRZxgLaidiyhhwF-3-ywFdnJxyCziO9FelyEEOHPDEwHqoKTW34_ZfyOPFTQL=
fa4h683hK1zdqciNkF1RT0ttAAXICWYpPLQWTai3sj07nTM71TZGT5G4JOucIdQcAi_2Yjf3tbk=
2IALtohjAzaU_Sni-KFXYq0mCMtenIKnU5ijbmc7VOCaNGqGHSk_HPAggA5AqFynDdGC1xgw6AX=
5AaDD3bA3hlKVkPyjdefKM4lGUHeASnX-kgzae5YB9M8p9UfjMPHZmxNaeWYx0SVkzzOvsM4iMi=
HK1rrWgzioym-pSVT6UwKrW2Jz3O2ca_D5e4LxAxsgzm9tt-qt-7PZcmeDTqmUa75VtzFiTeOWY=
rLrnuvMvN1eXO3XSAFHKFm00ZlGK4_CDpldHZZ5T5mVHxAQ%3D%3D" target=3D"_blank" re=
l=3D"noopener noreferrer">government of Oman</a> in the Middle East.&nbsp;<=
/li> <li style=3D"margin: 0px; padding: 6px 0px;"><strong>North Dakota=E2=
=80=99s governor recently announced plans to partner with another renewable=
 mining firm, Bitzero Blockchain, to create a </strong><a href=3D"https://l=
inks.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Da0502e=
08d00c4344a5fe14f87c99553a&_e=3DgRg2W3B_URq6e-OL3aYFyYJyZpnrWFwDKjBYnG8M6J3=
bwJkP3ZbWQ0WL8XMDnSaiKEtG_IgCYneGXn2H01jT2bO2h0_lA2ThYfb90PdZHfRJHZ7A9Yb0R4=
nDM2vrniDJOB-RjieKSN2u20lGL0W4ZOtmcPiNXZuopbSmYYNTxCI5OuF6PJR6rxp1rbTQB6Mh0=
1iTHsFl68wQYe785B013RthEwMKe5eFWELfQuyU61DlVJRTtkg1OzkScoi4sT2jaxMttxwXmbQa=
5KGr2jq3u_3syvuUa7uuV6isF9lX69lhFSBRyjVPiucxiCUVYZAzwSuP08XybsAOtNorpqfPEcJ=
FIBxJOYmKfvDXVh-q9-jYrAqPHRkUpFzqQlWDTy7_RVRpaXqqVol_b9ayvnCsKAbAg3iVVAzI2z=
1pQ7vXpHoRrMbs_VpXIAkCKonnrfovjmjJ8WzZxzQIBYWYw6S5YRTSKWRYuanxnwPxvVy03WA%3=
D" target=3D"_blank" rel=3D"noopener noreferrer"><strong>$500 million facil=
ity</strong></a> that will use the heat generated by the mining process to =
warm a food-producing greenhouse. And these kinds of initiatives aren=E2=80=
=99t limited to wealthy nations. In Africa, Kenya=E2=80=99s largest electri=
city provider announced plans to offer <a href=3D"https://links.coinbase.co=
m/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Da0502e08d00c4344a5fe14=
f87c99553a&_e=3DgRg2W3B_URq6e-OL3aYFyfKesUP-0exUSzRDLP0z6rfk0ABp_re2-a_h5xU=
ZbbTA7c63KA4g6vTZiE1mrJ5vHdFpKgDWSrMYQEH1V1TsDEmoKBmwUTw7ulIFzS2Jk9g4GkjRTK=
2XcUD9xYlDhYd48ynyaVX5lblqUxvimLxEMvPZR1CfXyO95HRJiM5SmzcAV295nEe_DAalqHtVm=
Zy6TP4kTSuhlweL4RL8w3GIx4eapH8Phc6R7NRQ1yiCFKf5R8Yqwl1BsJODd2bbWGVUW9OV8_aA=
fuXUfaLFIUURpiVc6ihozYr7cZmV8M48NjqrGqfukf84_yE6eoLDB8L8a_V910pGmMJ9osGhVg2=
h9i2aYSaGTgWupA4mCj5s8Pqi5VN3Q5f1i-eRzAJBRBNflqCowZ6A9WXH36sy4esR5NlRN5qvxr=
Tx72G_FaD3r7y4j-sH_c5T5kMJfQ8nJqrnsA%3D%3D" target=3D"_blank" rel=3D"noopen=
er noreferrer">Bitcoin miners access to surplus geothermal power,</a> poten=
tially enabling the nation to emerge as a new mining hub.&nbsp;</li> </ul> =
<p style=3D"margin: 0px; padding: 0px;"></p> <p style=3D"margin: 16px 0px 0=
px; line-height: 1.6; word-break: break-word;"><strong>Why it matters=E2=80=
=A6 </strong>Last year, Tesla made headlines when it reversed plans to acce=
pt BTC, citing the <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5=
6371967418192255878e9689713&_m=3Da0502e08d00c4344a5fe14f87c99553a&_e=3DgRg2=
W3B_URq6e-OL3aYFyYeTJkBdN-sM8Xbwh1NKfnUg_b_YNZUpvCvnSM1pPB6LNM6i8iuvyqwIkcw=
U40QL5hWp_OyZOgNCk5vBNjaS8CdS8fPAUjeW4nysxaxFCbQ6zOE0oMz2wcWQf0PD4yGfcURSAn=
7GF6u46sjNoILT3DQavi3hDkd-qgo_FbUoFvL54Rtsgnlp4XFvLRYcMw_yc6-oznDSrUI15ZC3i=
3CJ8I7DAtvvp7DGGSsdDyg2kBfYKs0vCs5upvudtydtfojibiDLGdfNl6wg_ygdbEuzOU9Qrdna=
gjD4fqsOQ6OE9WiyWc9pw4HSv3bza17PZTFs_SrVadWP_hqLA48SCldb77GfhL4woZD8lxtAfFm=
OHG-c2IoP_YpwTvvj9DVagszvqMyVfjnazH50k1Bybk0mMCB-eiRKCj8p4hUw_Wmu1CYKoSIgUz=
hlXL1Kf_7IO2Ht_9z-k6XZiWrd8Eed69iOwLw%3D" target=3D"_blank" rel=3D"noopener=
 noreferrer">use of fossil fuels for mining</a>. In the year since, a range=
 of sustainable mining practices have emerged =E2=80=94&nbsp;including the =
rise of flare-powered mining. Now, Tesla itself has announced it=E2=80=99s =
getting into the sustainable-mining business, by <a href=3D"https://links.c=
oinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Da0502e08d00c=
4344a5fe14f87c99553a&_e=3DgRg2W3B_URq6e-OL3aYFyYeTJkBdN-sM8Xbwh1NKfnWOXDUWV=
08dXulYbMVAo0YiR3HhzD-E8MN85RYBOhwU8qLvR9C4YN4naoYv4fkARvp7PWxjYO8-hsDGKJ4T=
98JOCzmOXKToDmpnfdMTrxHRdpmDrJC-KitVHFQGMSTaX4deUg4sK1-BG9zwX-r7GykZ5Gx3uMF=
R1tZRBG3ZQ9QgOqmRidFKDv40AY_-xWnz09mvAMtEZ0Co_T3uh21NGMcYWMwbPQqdgFCRSw69XH=
UtGhiqIajuSuCv5GQOPNeLkLuBvc-4wkN7TxqVfjQiV1IckX-0Gn1k1y1YaBG8UBprH3qOYua6s=
TBe7omP6wYVDjihcm_HImsgwNUdQG37XZybsGq2aWum6j9Zsi-kvmgzv2GPdG31GXt2NZQ3nwoH=
81TUAkIXm0UOkmINTdPy1W9dmdHvKy1JbqnI8n1j9Jz8U97W-r5qmGF8qnXJKAVoKIs%3D" tar=
get=3D"_blank" rel=3D"noopener noreferrer">building a solar-powered mining =
facility in Texas.</a></p> <div class=3D"cta_button" style=3D"margin: 24px =
0px 0px; padding: 0px; width: 50%;"><!--[if mso]><table width=3D"100%" cell=
padding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"border-spacing:0;bord=
er-collapse:collapse;mso-table-lspace:0pt;mso-table-rspace:0pt;"><tr><td st=
yle=3D"padding:0;" align=3D"left"> <v:roundrect xmlns:v=3D"urn:schemas-micr=
osoft-com:vml" xmlns:w=3D"urn:schemas-microsoft-com:office:word" href=3D"ht=
tps://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=
=3Da0502e08d00c4344a5fe14f87c99553a&_e=3DgRg2W3B_URq6e-OL3aYFyazXwk2Zx7FZ6y=
rtUn_CRR9gjRXed9bCgjQxAG-frzUdSSp81dU7ufjsAi05Pu7W6YWfgGUxnchgxX2OlZYl_ln1F=
wB3ocOb1F_4T18cDWBSUyuwGmAtofQ_cl8ws8wwL8n_KwQldTKpMZnaC8cjkei3w4Iczu6vVz8q=
xz9qGQpVqpbKjO2SOC_wFQMWibZTBYNSm1lkoBlDyZDUxDiIV7dTzpiaIiPGBocozVB5ieqRcSb=
mj0sX4DOQYuAZxeaWNhZvefkI8vkJ1Hb51vMa3mHRSqKfX1m_bGppWqMe8jr6HfwqPGDiL-WiAr=
gYBU4IGcX3S9qfAlzkO19Kmy1cBeNjlTJhQc9d3FxLeBU37dR5KfH0XxT54u6FMaD7Po_8Ryo09=
5mURVFiuc1tDBZ5R032I9pHSY_V9KoKWP-L_jjVKtPfBj23M0CnW96EqpzayA%3D%3D" style=
=3D"width:350pt;v-text-anchor:middle;" arcsize=3D"17%" stroke=3D"false" fil=
lcolor=3D"#0052ff"> <w:anchorlock/><v:textbox inset=3D"0,0,0,0"><center sty=
le=3D"font-family: Helvetica Neue, Helvetica, Arial, sans-serif;"><![endif]=
--><a href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255=
878e9689713&_m=3Da0502e08d00c4344a5fe14f87c99553a&_e=3DgRg2W3B_URq6e-OL3aYF=
yazXwk2Zx7FZ6yrtUn_CRR9gjRXed9bCgjQxAG-frzUdSSp81dU7ufjsAi05Pu7W6YWfgGUxnch=
gxX2OlZYl_ln1FwB3ocOb1F_4T18cDWBSUyuwGmAtofQ_cl8ws8wwL8n_KwQldTKpMZnaC8cjke=
i3w4Iczu6vVz8qxz9qGQpVqpbKjO2SOC_wFQMWibZTBUDHqhOKgjCfRlgAPCMxm20LnFAYaJqUC=
CIZYht-FiGfLqrsBaS73BdQFx8jGg7xE4QD3KGAGWXzSfTQiSV3xFlV6HxpIx9oPgy6eN84wbj1=
F4M9s4cv1TLfba6xXadBalQZANbtuqFQ0QGJUg8Q543L5aIOVwPEA_gHcFMtHdIGxbbzUbF0AgU=
LYzwHBOIZk6uX_qYEkl5vMJMZQ9NnEuZH5UO76IZH4XxH0mR5zs-er70xJ9F6uLweYN3WR9rAOw=
%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer" style=3D"display: blo=
ck; margin: 0px; line-height: 1.2; font-size: 16px; text-decoration: none; =
color: rgb(255, 255, 255); background-color: rgb(0, 82, 255); border-radius=
: 30px; text-align: center; padding: 18px 0px;"><strong>Learn mining basics=
</strong></a><!--[if mso]></center></v:textbox></v:roundrect></td></tr></ta=
ble><![endif]--></div> <a href=3D"https://links.coinbase.com/a/click?_t=3D3=
aca56371967418192255878e9689713&_m=3Da0502e08d00c4344a5fe14f87c99553a&_e=3D=
gRg2W3B_URq6e-OL3aYFyazXwk2Zx7FZ6yrtUn_CRR8VlAiRq8rJvf4eaaUFHPuaB5T9d57gATv=
YrfX8OnR50rmrT-18MlYmgC59M1pwS0N8ap03Yn5nVgHQTYfeRsNKDZg9_7QVgMuWjF2jWp4vM6=
LPojm0sO5ouLVxDDx2V1HzXyGY3RcBUcs7f2QGZhRR6AEY0TwoZwPzQOtdAXYm4sGX3dTVZzcfd=
mMVZhttrMesKRyi_es1v1Rrl6elTmkyQpgqXaRpsbOJ4vVEBSuMxgUWprvGgaf9OwqQD3LMwUFQ=
nRRENiJd3IgS5aVWyZn-sf6EYDHNP2uTbgf8Ivqyad8QAGO6jXB4JXy1iqb24Pc55oQvNIs5E-H=
f8WimClt3eyoZtJBOCVET91J5aNr5oQ%3D%3D" target=3D"_blank" rel=3D"noopener no=
referrer"><!--[if !mso]><!-- --><div class=3D"desktop_hide" style=3D"displa=
y: none; max-height: 0px; overflow: hidden;"><img src=3D"https://images.ctf=
assets.net/q5ulk4bp65r7/28RPj3RUwCb6Cpby298aZI/c9e876c8644086f83cfcadb4684c=
b11c/new_promo-mobile-earn.png" width=3D"100%" style=3D"display: block; wid=
th: 100%; margin: 64px 0px;"></div><!--<![endif]--> <div class=3D"mobile_hi=
de"><img src=3D"https://images.ctfassets.net/q5ulk4bp65r7/6I0yCrePeiDJSGjYQ=
71pdp/ea86db5907bfdb3766afc7122b5417de/new_promo-desktop-earn.png" width=3D=
"100%" style=3D"display: block; width: 100%; margin: 64px 0px;"></div> </a>=
 <div style=3D"margin-bottom: 16px;"> <table style=3D"margin: 0px; padding:=
 0px;"> <tbody> <tr> <td style=3D"margin: 0px; padding-right: 11px; vertica=
l-align: middle;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/=
users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5637196741819225=
5878e9689713/dot-1.5x.png" width=3D"12" height=3D"12" style=3D"display: blo=
ck; width: 12px; height: 12px;"></td> <td style=3D"margin: 0px; padding: 0p=
x; vertical-align: middle;"><p style=3D"margin: 0px; font-size: 16px; lette=
r-spacing: 0.075em;"><strong> NUMBERS TO KNOW </strong></p></td> </tr> </tb=
ody> </table> </div> <p style=3D"margin: 16px 0px 0px; font-size: 32px;"><s=
trong>$72 million&nbsp;</strong></p> <p style=3D"margin: 4px 0px 0px; line-=
height: 1.6; word-break: break-word;">Dollar value of the 19,969 NFT-based =
digital land deeds that <a href=3D"https://links.coinbase.com/u/click?_t=3D=
3aca56371967418192255878e9689713&_m=3Da0502e08d00c4344a5fe14f87c99553a&_e=
=3DgRg2W3B_URq6e-OL3aYFyf10YYtws0gUTCBdum4t3AkB0tZk6E6_w3sz2m-i5eTf9fz6xREE=
26Kw-m9cv9gJWiS2Z3meXqJSpukaxY2SzerMat_xJoX5f-qStuDDZnGk53RGslEHweF5m1_Bz50=
AT1ijp3X-gjyTeCQ0PfQdGxKnVWhFOL_Y0ifD1y7zQ0lNQ_nV-uyvUattaJP0WN445tHbvxWWxu=
no_3N_DetjLzMVPrfcZH-Y6l988yukjjSVGyHp3102fFQEDMfL0DWuFtknls1VJBawse73vKVIC=
wHQdQPSqc7q-v58HGzxyj-ZpCDmrTYjhPez8VVbv6HTf6X6TP9WfbzWN3WfR7pERzHWUn6DFZbT=
0uojR_-3ZauT8OET_Pva7OlMpwXzf6-v6IyIDq9W8lrouRW6IsxmHuRQIwL0OKZjpd5xv729sW5=
DoSbfT1iLxkGp4Vl_0ZaqZ31ADjLr73SwTzGUXLnx7LE%3D" target=3D"_blank" rel=3D"n=
oopener noreferrer">Ethereum-based game Illuvium</a> sold last week, defyin=
g a cooling NFT market. The sci-fi RPG, which is scheduled to launch on PC =
and MacOS in the third quarter of the year, will include a bespoke in-game =
marketplace that will allow players to buy and sell NFT-based land, weapons=
, and more.</p> <p style=3D"margin: 16px 0px 0px; font-size: 32px;"><strong=
>$360,000</strong></p> <p style=3D"margin: 4px 0px 0px; line-height: 1.6; w=
ord-break: break-word;">Dollar value of the Bored Ape Yacht Club (BAYC) NFT=
s that were <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967=
418192255878e9689713&_m=3Da0502e08d00c4344a5fe14f87c99553a&_e=3DgRg2W3B_URq=
6e-OL3aYFycMyDIImoiK5q-Y5XqXM0CViZIeYJ_8Oa5931Wnsje1otqz1AawAzKU0Bi6Nu8Cw1b=
37CgYQ3qJzkq4ynqL4NmbkXxyQGlEKcW5vQ1e23HD5A0BR2tZuu5Grt2TeKaQB2qa93uW1X4qIw=
ioAq78vjOeQbGq4FvaS7iRjJMOuj8grk6Ijsr9EmJyWAUSIIQI1Sc-pv3werPleEdQVH5ty1E5_=
1_Ucaq6UStFDN_s0E8rTRCEp4FD9BczP8PDNEXPVax54bOne9rlh5DS4yOReWJdX3kQ70XUysjJ=
9p5Aau-Jz7El1YOiWmovWgvm_hBQnFsR8zkKGjr400RAPYdlIO9lDOwwhqFc-Hjs35emxrMDfXS=
imO4kinY1PyEvdK5voSSustcBkuZUQvku-bnumI4mAEPX8EI_dDrjL-tPRz4LRDzm3_0vKo016Q=
ND8mYWnzcAQ2NV8Jn2l8tCKaDlsp8z8DdL0fAfeNznxvSv_xRxU" target=3D"_blank" rel=
=3D"noopener noreferrer">stolen on June 4</a> after the BAYC Discord was co=
mpromised by a phishing attack =E2=80=94 the third major attack on the blue=
-chip NFT collection this year. The hacker gained control of a community ma=
nager=E2=80=99s account and began posting fraudulent links in official chan=
nels for both BAYC and the BAYC-related metaverse project Otherside. (Learn=
 <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196741819225587=
8e9689713&_m=3Da0502e08d00c4344a5fe14f87c99553a&_e=3DgRg2W3B_URq6e-OL3aYFya=
zXwk2Zx7FZ6yrtUn_CRR-1mQzZPtT3lWugMf9AhEL5ASgzN3hgXt891fomQEj9J0fk7yFcRHlKi=
T1G5ZbbLSyHeRKfgMAe22ZhtvQ64nIsstZ-6_a7m5OJqR6hFVhcZindko5f0mN-aYcjiX3tgKPl=
EdebLNwpwv9xo8yWrZxRI9SLCxJSy5PyyBIjhbdYlbWFWzvQG7DXPloNoTzvpF8PAkXptdxABHu=
Ut2grIguaIGkSISkZbDE_7aB8YWdJtFQeAiP10Shs-lh4pxpZnqqNoxkr_h7OY0UJC741DM2e6S=
A2sHyXTuU-hDYTV2iliUOumTKaSrTypw42AZ1PYuqqxML2Ivouci_yUYZ81Gs6tYBrHCSqLt67Y=
6YcpkJJxw_f8zMC0x23uRnWvSSkXCBlX2yNGmUXKAeqhXiZLAB0" target=3D"_blank" rel=
=3D"noopener noreferrer">how to protect yourself from NFT scams</a>.)</p> <=
p style=3D"margin: 16px 0px 0px; font-size: 32px;"><strong>3,955 BTC</stron=
g></p> <p style=3D"margin: 4px 0px 0px; line-height: 1.6; word-break: break=
-word;">All-time high amount of bitcoin <a href=3D"https://links.coinbase.c=
om/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Da0502e08d00c4344a5fe1=
4f87c99553a&_e=3DgRg2W3B_URq6e-OL3aYFyXVYBXbTWoOSAzt1j0vO258w9NVOQOIHcVFKwC=
IPfit9JZ4eJcoEewptIuQT8Ggi8Z2DaFg3XJDVLp9U7WIspIbJdErTH2Mhe8VzwxHbr0E-jBvUJ=
Mmc5GmTFD2Fpfy-VRW2AbXI4H-SqO3SiLJMxvoytNaHqGpU5bmdPjMbpWhWk8NyntKI4VeLeC31=
ZFBhyrHBDOn4K3DfVwzNR5B1DurTavAzTzF2hD2xzKrlFdYYcVbfyQq0dr5T_YOZ09rMhxZAWkq=
nMgMhLm21cwOl6QAjbeQRWdvUwBYw9GkS9CG1eHw3ZvtJgO4v-vMTFH1XxKHodI5EuNXGzZCUyo=
_up1yeG3JV_qrBt5Jl_LR9idFnCwiJgGyxsRHXmKwqYOr70eus38sp1pBmkgS_Ee_qCxNf-Ypmt=
SDriPOI0D4HrpYO4xcu4ogdhuBXJM3ZzZUQZUbP4O14LMtDGEiFsu5JGkUoDGOWjuf1NK2ifYUR=
dvDi" target=3D"_blank" rel=3D"noopener noreferrer">locked</a> into the <a =
href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e96=
89713&_m=3Da0502e08d00c4344a5fe14f87c99553a&_e=3DgRg2W3B_URq6e-OL3aYFyazXwk=
2Zx7FZ6yrtUn_CRR9gjRXed9bCgjQxAG-frzUdzAqhoJkgdl8gq1ktOSb8g_X0rtmFr_j7PrYwA=
nC4rmbdaOwDdKWUiIZpPJ0cS_0KglMWofcCNeGCxNbY2cW1scyZpLQ1SQajvtUSSL5S_ILFPut6=
mX7M8W1bZoWfNCPNcDdb7Gu0QDfHLfx1FEWbl5UoJJCDqcRS72tWsfrne_IK5LaPnpgv1U-9Oln=
s56mlrVLyRREka0OPnFgSxCED575b5UaXHapBC7i0kMs5RnwyJVBFoalbmVhT4f4dL1KISXrhr0=
AWtNNRhlovTPbRRKOjLMktcRl5swiGUOVxj4LsNjvLBfKAfH9GFDoBzba0LnR4ja_EhVFfUB2mA=
xt8a5R2Qc1WribmBaU1zhlmDXP9YqjH4LH-pSWQxaRhv4Mk" target=3D"_blank" rel=3D"n=
oopener noreferrer">Lightning Network</a> as of Sunday, a potential indicat=
or of growing crypto adoption. The Lightning Network allows users to send a=
nd receive BTC quickly and cheaply by moving transactions off the main bloc=
kchain =E2=80=94 sort of like an express lane on a highway.</p> <p style=3D=
"margin: 16px 0px 0px; font-size: 32px;"><strong>2,975+</strong></p> <p sty=
le=3D"margin: 4px 0px 0px; line-height: 1.6; word-break: break-word;">Numbe=
r of Chipotle restaurants in the U.S., all of which <a href=3D"https://link=
s.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Da0502e08d=
00c4344a5fe14f87c99553a&_e=3DgRg2W3B_URq6e-OL3aYFydLLdIOS7k8idmgxJQeTdtb3ur=
wr3A_uB0tMRu-nCcTUnO7srLApBEln19eChLjKKPc5UO-OzuapHfaUUde-zppZyzePSpQbwmGWI=
xu_8Z_ijvV3MH-J3meW_4h0zCdjj7Kkn1wIFm19vHOVFLwHXui5tJ5z6D2V0J_6yKYFkjvZ6pe3=
6XYz5YepMxVfT6CGySlnCgfsWjAoqmnqr5-N5-syYB1vYfNzrLIrwZenSOa_opIcdnp2ksf_GMZ=
1MVhbA4JtWbVCg8WsDzK58twxJc-DVdQZJdXFLn9oO3qV2Jzdt_0LquqeftunMCQyu28qOqMVl6=
R-LYBbLfPUwJDfHvnQJy8VaDQYQu9U_evb1kpr6BLrb8YduTZQwGh47ijXTpnP4F8SotPcEMoih=
x1AYjt2Gvkn6Cg46F8YOXYK3gy57JSsDJDuY7WQT1q0dn9-OaiNAx4I0NLTpmfDR48OirA%3D" =
target=3D"_blank" rel=3D"noopener noreferrer">accept crypto</a> payments vi=
a payments platform Flexa. Now you can buy that barbacoa burrito bowl and e=
xtra guac with 98 (!) different cryptocurrencies, including BTC, ETH, and S=
OL.</p> <p style=3D"margin: 16px 0px 0px; font-size: 32px;"><strong>$200</s=
trong></p> <p style=3D"margin: 4px 0px 0px; line-height: 1.6; word-break: b=
reak-word;">Max value of any crypto transaction that would be tax-free unde=
r a new bipartisan crypto bill from Sens. Kirsten Gillibrand (D-N.Y.) and C=
ynthia Lummis (R-Wyo.). Their long-awaited Responsible Financial Innovation=
 Act addresses a wide range of crypto policies =E2=80=94&nbsp;including tax=
es, stablecoins, and regulation. Notably, the bill would treat most digital=
 assets as commodities, falling under the jurisdiction of the CFTC (and not=
 the SEC, which regulates securities like stocks). The senators <a href=3D"=
https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=
=3Da0502e08d00c4344a5fe14f87c99553a&_e=3DgRg2W3B_URq6e-OL3aYFyYeTJkBdN-sM8X=
bwh1NKfnUyvOhFpxf7Vy-jqGoFmp17_vHxChZ1vz7hauXZcXtqTh0RRTKmXN9r6J_TQNztO1qF3=
h0XMWNdPPvq3Q9wzFLUWNSVOGi3kwk6yrsLc0qNNbTeUuZFcf7peuFmlXf07HBhOa2S9RrHkNLl=
Mpx2KlbfUBKots_3zeH4stAT5qQVL8JuUNxifo_nIGHWcYTXzvwWrn4Mz6FVsMwc1U--lHFc4Ee=
BXcwJ-sq64j7w7VhvhC_78Pr7xxOwa-pGn0H3yEh-Vy4h52QXwRlzw2hK-EvYOMPF52lu4_bkLK=
TGLEmRynKg00PmzrzlhOJW9heSLF0XC_IrhTUQ52xRXIaQWmR2V7n0O_WPTu9_QwTL2nTu6oPuO=
rz9LCJOTdez2dIcWCTXKIb2xUe2DbBKg3PTmJYG1MZovUVcOVROyhoYC7xLW8URqKWqVheSmYFW=
KDt_-jbM_yK-MtT1h8QlXA43W8HbJ0LfqeSYO7hMun5_BrKAYBxWREuTw2m2PlY8IjDMM4s%3D"=
 target=3D"_blank" rel=3D"noopener noreferrer">touted</a> the bill as a =E2=
=80=9Clandmark bipartisan legislation that will create a complete regulator=
y framework for digital assets.=E2=80=9D&nbsp;</p> <p style=3D"margin: 16px=
 0px 0px; font-size: 32px;"><strong>17</strong></p> <p style=3D"margin: 4px=
 0px 0px; line-height: 1.6; word-break: break-word;">Number of trademark ap=
plications <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563719674=
18192255878e9689713&_m=3Da0502e08d00c4344a5fe14f87c99553a&_e=3DgRg2W3B_URq6=
e-OL3aYFyXkrBTIbB777NBD5frVqWrP2tGOoWDCZ6ELfDTOup8DERPjLZ-PCx3hTttydopfh9kc=
55mQVuHuPCle3Xj9vAem1RLnOz0IAHWjgPorL0UHa-CWnU4ji_wOKEMqD8XP4NWdbaIBSq0Ep5I=
0DIkjuf_xSKuWpAfpbBx4mwdl-9fuZ3LkLfF5yoTq9JwQT90KCHIN-sr6MyY6ezlHNz5CbqKd8c=
r_gJQee0Ffn2qPIgiXhMIRtDhlLIzMmdpRbq4948MgZg7jCna5Ovvoko-mJmu8tB1_yg83V-VWT=
1jCxh5mrYP6KR9ou1C88dIdHzecYtvCjdVYg2BWUmVfUhx0vapg00ckyXTbFVF4EnbezOeYDB9Y=
PKktQYxb1khn2p4fdUlFLWq49cNFhLp9p9EwwIfZqImaGfnqHjy9x5rKojR4O1kQbPGBKORJNpq=
yJ_PXcww%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">Kanye West ha=
s filed</a> for his YEEZUS brand =E2=80=94&nbsp;including for potential NFT=
s, =E2=80=9Cmetaverse experiences,=E2=80=9D and =E2=80=9Can online marketpl=
ace for buyers of crypto and/digital collectibles, currencies, tokens, and =
assets.=E2=80=9D These applications may signal a reversal from a January In=
stagram <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563719674181=
92255878e9689713&_m=3Da0502e08d00c4344a5fe14f87c99553a&_e=3DgRg2W3B_URq6e-O=
L3aYFycFFoqEPdopg6wWZ7sQH_fhxfyL-2MWI00Kd8VTlws8qBSGIVkJJvACMGWKCVw8NqF1Jbe=
sGSFVy-o2zV1uQCkGEKc5Fs-zV4aG65mjXxDLDbG8NTjDEkLFr4ZDUbqouPacPjgkWolEJWKAs2=
L2JCsEwNNpAUSCjo-Mt0rr4WexN2JnSCimHtHrjj2tZXmvgdsmIuSM7mQND7sml4jdQcbiGURe4=
GPEoUNFQO6B3RuFO_JK8oc9X00vOWmSQ9b88rJWUDSuhM60n49QP6k4au-o7zveBDCeyBx5O31e=
zfAGvWGgZYIzmvyFNxC618zYDNrO3u7V8LgueSOVv16guQQVZqOVrAEEJ-LH9ElV3zcxf0MRlVr=
V6tbFVXkUOm2XIimIVhri8gJ7PQ69jmA67pXMGLZaEI-8HTfpBJR3H2p87" target=3D"_blan=
k" rel=3D"noopener noreferrer">post</a>, in which the rapper said, =E2=80=
=9CSTOP ASKING ME TO DO NFTS.=E2=80=9D</p> <table width=3D"100%" role=3D"pr=
esentation" valign=3D"top" style=3D"table-layout: fixed; vertical-align: to=
p; border-spacing: 0px; border-collapse: collapse; min-width: 100%; text-si=
ze-adjust: 100%;"> <tbody> <tr style=3D"vertical-align: top;"> <td valign=
=3D"top" style=3D"word-break: break-word; vertical-align: top; min-width: 1=
00%; text-size-adjust: 100%; padding: 48px 0px;"><table border=3D"0" cellpa=
dding=3D"0" cellspacing=3D"0" width=3D"100%" align=3D"center" role=3D"prese=
ntation" valign=3D"top" 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> TUNE IN </strong></p></td> </tr> </tbody> </table> <p styl=
e=3D"margin: 5px 0px 0px; font-size: 32px; line-height: 1.26; word-break: b=
reak-word;"><strong>Coinbase CEO Brian Armstrong on crypto=E2=80=99s place =
in a fast-changing world</strong></p> </div> <p style=3D"margin: 16px 0px 0=
px; line-height: 1.6; word-break: break-word;">On a special edition of our =
<a href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878=
e9689713&_m=3Da0502e08d00c4344a5fe14f87c99553a&_e=3DgRg2W3B_URq6e-OL3aYFyaz=
Xwk2Zx7FZ6yrtUn_CRR9qE151ZLG4mI5WKxqOlNt4U9JyuUi1BV8n45gVblbLe0FIBwpouofc6q=
qCDeKMf2N7ki7HPzjhDBYCfxYF3oSisymd4YdISqHGV4SPR5fLivizIwMnc7o8VAqOpg6nbXWfL=
kqCeFQcv1xw5X53yW3uXsHftACCUU3GlhfPfvKIbiWtIHqiy5rryfKlNA7JBH2bN9if4vvM_-r2=
igIWyzJtd1t8ecKK3jAn-EdcyZMfE50Oi2j1G_-uwdXEMrUKinME3tKcbKccTTmMhFxXZFjzwdl=
-NEd6Z-d6jwzN4wEX2Cpkn7teYJ_MpPypTBByNXj7VGGhbYKhusg3JHMj-hI2VlZEgDPhapS6qH=
WR8Okfdw%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">Around the Bl=
ock</a> podcast, Coinbase CEO Brian Armstrong is sharing his thoughts on th=
e future =E2=80=94 and what it means for crypto, Coinbase, and the global e=
conomy. Join host Justin Mart as he chats with Brian about the next phase o=
f the cryptoeconomy and how it relates to legendary investor Ray Dalio=E2=
=80=99s "<a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418=
192255878e9689713&_m=3Da0502e08d00c4344a5fe14f87c99553a&_e=3DgRg2W3B_URq6e-=
OL3aYFyRjLk-J8BR3s2eg8PK6kP6hi5roFAwi-3t-N4YU1qOJ3PnQpLtxEll8qWcRS94yKRMX4n=
FpL8iWcIYUy-JVxiis6xQaAuhIAmQEWBAFQ1Qsmo6Mh83d7ZzLbLud-xpl2Cimwvx2S8iuionz-=
RmPEVMFhoIlp26u5ibFj2ZZhUPbfAlw_GYIfzjgSnrn5x-nyJ4oSHEAORMZor-3Oy5FcUSN2cm-=
7CrAuMGv2hqnctTtUM9dfTImnYOdda3C7EZthCeTqeykGOiD0pHFM43d8VCr23QAufbDeggncAn=
3QoldJve2J8J0rrXmwaPieZZIXZCWOCo2rqauimjGU0xCTu_pDGRXt54EXPRBRX5qCE3kWYY4jX=
VOi5wYh35jEgBUjig%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">Chan=
ging World Order</a>" thesis.</p> <div class=3D"cta_button" style=3D"margin=
: 24px 0px 0px; padding: 0px; width: 50%;"><!--[if mso]><table width=3D"100=
%" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"border-spacing=
:0;border-collapse:collapse;mso-table-lspace:0pt;mso-table-rspace:0pt;"><tr=
><td style=3D"padding:0;" align=3D"left"> <v:roundrect xmlns:v=3D"urn:schem=
as-microsoft-com:vml" xmlns:w=3D"urn:schemas-microsoft-com:office:word" hre=
f=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e96897=
13&_m=3Da0502e08d00c4344a5fe14f87c99553a&_e=3DgRg2W3B_URq6e-OL3aYFyfq3-wfHH=
yVX68OdQ0QMo-QA7pHo18-t_xEIKHW87ie6TFUPsppVHhOv1V9MCrsM4feQ_AMhbM0r29toMiG5=
ry3X2tnQN1z4vLRE9pDryxz6rdQ4eVhAMsB-5bLlN4Z1xVL5OlzEVU4vKSILSdWN__OJUYUxdqi=
bGFefMg-xAiR4DlNTnqbTg5-KkdNoWey5bOVWwxplbUPsOVwNWH4rTvsw1ia1h4dD00olnRfrqQ=
iKPqHl64_d5QdFXVQ2DezbNmLYybo7EpKwVT_3eVzTfEnLxTu2U1unU1FzP9Ypfrj7ddKv2CZZH=
KmHgNzpMKq1bffDc88w7hX8uRVRHWr54ECaNjhUGnKejqKjuRdngASwbQ6wsKsS77lZIEIkstxQ=
b0StNSw7ZOm-9iqnMPovPZfvsD_ZZfJNAl4d83J2He0e" style=3D"width:350pt;v-text-a=
nchor:middle;" arcsize=3D"17%" stroke=3D"false" fillcolor=3D"#0052ff"> <w:a=
nchorlock/><v:textbox inset=3D"0,0,0,0"><center style=3D"font-family: Helve=
tica Neue, Helvetica, Arial, sans-serif;"><![endif]--><a href=3D"https://li=
nks.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Da0502e0=
8d00c4344a5fe14f87c99553a&_e=3DgRg2W3B_URq6e-OL3aYFyfq3-wfHHyVX68OdQ0QMo-QA=
7pHo18-t_xEIKHW87ie6TFUPsppVHhOv1V9MCrsM4feQ_AMhbM0r29toMiG5ry3X2tnQN1z4vLR=
E9pDryxz6rdQ4eVhAMsB-5bLlN4Z1xVL5OlzEVU4vKSILSdWN__OJUYUxdqibGFefMg-xAiR4-q=
G4gS76sF2J-D2YZdwtOE6H_D6lMT-K-eYfYjl-Gxy5KPel-FLxkNVOj7wJPwdBF5Z_Pa-qeyovo=
QRWOlKuM9Voz1CDhLaJCUWENyc6xMa_TQyRbP4j51CwVwOkwX8Y4eL_c3Z3k8JOv5wD11R0dly2=
20QBG5Emu0i9Id_IHc84HiTXuGVTWIRuG-oemeGowHXEX2nkTtL9VFgJsRBAjPCbjXQCirfTXpI=
PTIEibzFXRg7zN2vYpYBc2cdN0Jsq" target=3D"_blank" rel=3D"noopener noreferrer=
" style=3D"display: block; margin: 0px; line-height: 1.2; font-size: 16px; =
text-decoration: none; color: rgb(255, 255, 255); background-color: rgb(0, =
82, 255); border-radius: 30px; text-align: center; padding: 18px 0px;"><str=
ong>Listen to Around The Block</strong></a><!--[if mso]></center></v:textbo=
x></v:roundrect></td></tr></table><![endif]--></div> <table width=3D"100%" =
role=3D"presentation" valign=3D"top" style=3D"table-layout: fixed; vertical=
-align: top; border-spacing: 0px; border-collapse: collapse; min-width: 100=
%; text-size-adjust: 100%;"> <tbody> <tr style=3D"vertical-align: top;"> <t=
d 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=
" cellpadding=3D"0" cellspacing=3D"0" width=3D"100%" align=3D"center" role=
=3D"presentation" valign=3D"top" style=3D"table-layout: fixed; vertical-ali=
gn: top; border-spacing: 0px; border-collapse: collapse; border-top: 2px so=
lid rgb(222, 224, 226); width: 100%;"> <tbody> <tr style=3D"vertical-align:=
 top;"> <td valign=3D"top" style=3D"word-break: break-word; vertical-align:=
 top; text-size-adjust: 100%;"><span></span></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-al=
ign: middle;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/user=
s/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878=
e9689713/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; v=
ertical-align: middle;"><p style=3D"margin: 0px; font-size: 16px; letter-sp=
acing: 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-break: break-word;"><strong>Which of the following is a decentralized=
 exchange?</strong></p> </div> <div style=3D"margin-top: 16px;"> <table sty=
le=3D"line-height: 1.6; word-break: break-word;"> <tbody> <tr> <td style=3D=
"padding-right: 12px;"><strong>A</strong></td> <td>Coinbase</td> </tr> <tr>=
 <td style=3D"padding-right: 12px; padding-top: 12px;"><strong>B</strong></=
td> <td style=3D"padding-top: 12px;">Lightning Network</td> </tr> <tr> <td =
style=3D"padding-right: 12px; padding-top: 12px;"><strong>C</strong></td> <=
td style=3D"padding-top: 12px;">Uniswap</td> </tr> <tr> <td style=3D"paddin=
g-right: 12px; padding-top: 12px;"><strong>D</strong></td> <td style=3D"pad=
ding-top: 12px;">Polygon</td> </tr> </tbody> </table> </div> <p style=3D"ma=
rgin: 16px 0px 0px; line-height: 1.6; word-break: break-word;">Find the ans=
wer at the end of the email.</p> <div class=3D"cta_button" style=3D"margin:=
 24px 0px 0px; padding: 0px; width: 50%;"><!--[if mso]><table width=3D"100%=
" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"border-spacing:=
0;border-collapse:collapse;mso-table-lspace:0pt;mso-table-rspace:0pt;"><tr>=
<td style=3D"padding:0;" align=3D"left"> <v:roundrect xmlns:v=3D"urn:schema=
s-microsoft-com:vml" xmlns:w=3D"urn:schemas-microsoft-com:office:word" href=
=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e968971=
3&_m=3Da0502e08d00c4344a5fe14f87c99553a&_e=3DgRg2W3B_URq6e-OL3aYFyazXwk2Zx7=
FZ6yrtUn_CRR9gjRXed9bCgjQxAG-frzUd3teNSuZiW_aGQsyibQVppbIbr6pkdQnAa-jydG6ZM=
_oc97FpDzMamvJRdD-qcVK2KFkCkikh_OfVsKI-q4N1UsOSPYTQd6KfVo1vY7uJUnU1fQmZfY1b=
3VBJoFWeuJoHHD7uKicj9Lt2Ut48PACeuLylLWiM6-h31Fmqri5kZSefEOipfDz_zL-Ckzfaq07=
5XJBGKdUHaHc5xqMFeT4pgCWwaE-RKp1E84APTSAzbx_8GSDjlHKmS-EuRf2ZxT14d6UFfXKocB=
6YLg57fObqB4d8esTsj5InCpVXl8d8rMmvi62OfLdW86RX_XH35wkrBn6kwDmRq2xo_3l1U87Nc=
OdlutufeHhHTLE6NwgMe6kB2Yp_HKRN6vRxY9CJveTU" style=3D"width:350pt;v-text-an=
chor:middle;" arcsize=3D"17%" stroke=3D"false" fillcolor=3D"#0052ff"> <w:an=
chorlock/><v:textbox inset=3D"0,0,0,0"><center style=3D"font-family: Helvet=
ica Neue, Helvetica, Arial, sans-serif;"><![endif]--><a href=3D"https://lin=
ks.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Da0502e08=
d00c4344a5fe14f87c99553a&_e=3DgRg2W3B_URq6e-OL3aYFyazXwk2Zx7FZ6yrtUn_CRR9gj=
RXed9bCgjQxAG-frzUd3teNSuZiW_aGQsyibQVppbIbr6pkdQnAa-jydG6ZM_oc97FpDzMamvJR=
dD-qcVK2KFkCkikh_OfVsKI-q4N1UsOSPYTQd6KfVo1vY7uJUnU1fQmZfY1b3VBJoFWeuJoHHD7=
uKicj9Lt2Ut48PACeuH3BI_h5C7VG5Lf5l8XcTF1J0r1H5LCoepsBShEkRpMfPJMwFZU-_lm_ba=
MV0bP_wTEmO4a5tJefjpLd77PBCIWj32mlN2vhUc2D3ryhJ1q9lHiaK97HFMgA0fOiP-RE6GjPq=
a9z_Qlv3LShLAJz5sWcAeha4GNwMGulm8dr-SdzjQh_HaCmc9hiQB2E2YtRyMqGHgVyqWmKLrV0=
W5btCRRfw_yKuL17Opu9bey_1cqu" target=3D"_blank" rel=3D"noopener noreferrer"=
 style=3D"display: block; margin: 0px; line-height: 1.2; font-size: 16px; t=
ext-decoration: none; color: rgb(255, 255, 255); background-color: rgb(0, 8=
2, 255); border-radius: 30px; text-align: center; padding: 18px 0px;"><stro=
ng>Learn about DEXs</strong></a><!--[if mso]></center></v:textbox></v:round=
rect></td></tr></table><![endif]--></div> <table width=3D"100%" role=3D"pre=
sentation" valign=3D"top" 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" valign=3D"top" style=3D"table-layout: fixed; vertical-align: top; bor=
der-spacing: 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-s=
ize-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/Integrator=
s/669d5713-9b6a-46bb-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-alig=
n: middle;"><p style=3D"margin: 0px; font-size: 16px; letter-spacing: 0.075=
em;"><strong> NOW TRADING ON COINBASE </strong></p></td> </tr> </tbody> </t=
able> </div> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196=
7418192255878e9689713&_m=3Da0502e08d00c4344a5fe14f87c99553a&_e=3DgRg2W3B_UR=
q6e-OL3aYFyazXwk2Zx7FZ6yrtUn_CRR9hEeXups9KJwc8XjBQ_z_exQ3-nx_GtyuDcfaYuTioL=
4M7hoaXNeUGdIRExM8hQXLR-dbugqcWCDY6ayTXaV5pg4Tyo6Yr-AfTEo2VQ4zrT177KpvAHLRl=
a-RSPbgYZjp9L94o_T7SAPbP7m1s_P4c8RCWDM6422DhgirFuJguX0w0AIkm3F9BfAi69npkyXd=
Lxm9jONEiaT959GPq2_0NSuVDn0ZrxSo6qnOdcEiOgxFX2OjBfVPqFARZWE74c2U8Aeb9tTfsas=
1F8nOkQ6wbUol6-qG9Womtfcgn5FGb56o4iQx7sH_MzeIsW7iRdn7drIy8Kl7vzhpD5piIzU4u6=
2NvWDcifGqU2PaOwutd-82TYjUG1zsIK7dLdiuwX8r19oJeiFfdULcjO8xiIzrC" target=3D"=
_blank" rel=3D"noopener noreferrer" style=3D"color: rgb(10, 11, 13); text-d=
ecoration: none;"> <table style=3D"margin: 16px 0px 0px; width: 100%;"> <tb=
ody> <tr> <td style=3D"font-size: 32px; line-height: 1.26; word-break: brea=
k-word; vertical-align: middle; white-space: nowrap;"><strong>SAND</strong>=
</td> <td style=3D"vertical-align: middle; padding-left: 12px;"><img src=3D=
"https://dynamic-assets.coinbase.com/636bffe426aa918ed0b2bdb246c070dcd080f9=
fb2ac4f7086f9ad4214fa3ab807fff973d7c1a3fd284f512d5ce95f3b9a9590d68bec5bfd90=
ff08a1f0634457f/asset_icons/1e0ff193e9cb40ae8cbdfc3ee7253eea6a3cc943fcf14a4=
f053f086e80b29dd1.png" width=3D"26" height=3D"26" style=3D"display: block; =
width: 26px; height: 26px; vertical-align: middle;"></td> <td style=3D"vert=
ical-align: middle; text-align: right; width: 100%;"><img src=3D"https://d1=
5k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7=
e-c542cff6dd6a/3aca56371967418192255878e9689713/Newsletter%20Assets/newlist=
ings_light.png" width=3D"21" height=3D"18" style=3D"width: 21px; height: 18=
px; vertical-align: middle;"></td> </tr> </tbody> </table> <p style=3D"marg=
in: 0px; line-height: 1.6;">SAND is an Ethereum token that powers The Sandb=
ox, a multiplayer metaverse where players can create, monetize, and partici=
pate in blockchain-based gaming experiences. </p> </a><a href=3D"https://li=
nks.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Da0502e0=
8d00c4344a5fe14f87c99553a&_e=3DgRg2W3B_URq6e-OL3aYFyazXwk2Zx7FZ6yrtUn_CRR-s=
1imz1_yKb2A1pchBioGvvsthVfmvpjdecMOBdKpVViEzmJmBD_6WT43aEeECPklJGlVYSZnzo3b=
lNPDY8_0wHprXgvv6P4h3w0G0d2g-9fEMXSNOAEN-EAECTZmTQwJglZc6pS29-iqagm0siYcS4K=
fEtXagjjGGoEWyzCNaUVCUxYuk5GFl08j1xds_Cn7_xCc_Ms4UFuSCN6K-uiWVy2RgJCeChEebh=
L0A2vxFB1KVVbYNx71_-MXfJD_nR76oBSccQQ0LPzVuq0D7a-KKNzlqFZ-s34gND4DqD9KmxZQM=
Jtzv0vszDdcHL35PF7YFBF7Guj3kDo_v4CBbahPqztts_FpDC5Yxxmq8SJkXEBZX1igY6rUsm4v=
YXPQd9Uk%3D" target=3D"_blank" rel=3D"noopener noreferrer" style=3D"color: =
rgb(10, 11, 13); text-decoration: none;"> <table style=3D"margin: 16px 0px =
0px; width: 100%;"> <tbody> <tr> <td style=3D"font-size: 32px; line-height:=
 1.26; word-break: break-word; vertical-align: middle; white-space: nowrap;=
"><strong>KSM</strong></td> <td style=3D"vertical-align: middle; padding-le=
ft: 12px;"><img src=3D"https://dynamic-assets.coinbase.com/a166208ffbea478e=
28ca53350e88e6ec08f8fa56a4b07310b3be981d96d51e8e78a446acc29eca743d9edde6845=
81ebe4539ab9ecefc2495ac5cac8eaa3abeaf/asset_icons/39625933ff3514f53247f2988=
292a3a9662ae0b070f4cf40aeee518a14e75846.png" width=3D"26" height=3D"26" sty=
le=3D"display: block; width: 26px; height: 26px; vertical-align: middle;"><=
/td> <td style=3D"vertical-align: middle; text-align: right; width: 100%;">=
<img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/=
669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/Newsl=
etter%20Assets/newlistings_light.png" width=3D"21" height=3D"18" style=3D"w=
idth: 21px; height: 18px; vertical-align: middle;"></td> </tr> </tbody> </t=
able> <p style=3D"margin: 0px; line-height: 1.6;">KSM is a cryptocurrency t=
hat powers Kusama, a protocol that enables cross-blockchain transfers of an=
y type of data or asset. </p> </a><a href=3D"https://links.coinbase.com/a/c=
lick?_t=3D3aca56371967418192255878e9689713&_m=3Da0502e08d00c4344a5fe14f87c9=
9553a&_e=3DgRg2W3B_URq6e-OL3aYFyazXwk2Zx7FZ6yrtUn_CRR8PvvgVgXzX-S-mUV2hAo1X=
-hlZajlhD-xTB_Fs30s9TAwjb1GPUhcEFMrNHIF87bJ_ek1z5u3GY9cs1mbYYvqvtDfQYq0kR0X=
_NdU3Yi217H1aSDjDkkhtSM34olpZNS2zffUjHJxBLsES9JoUm0VG8eeJ605xm-j8dv0c66V7Ib=
lUT3iOGchrjWg8jnHAasbIW6xnlUh1J-6xHNqk5H9BO7Xp9A-JbWl2leqoIZHuKIPq4YEjC6bFK=
9vV6r_LLBMPd7fWJir64hXoKyy5zJKfyfPXeNROIZ27AxaZfW9okju_jksceiBx-jwEFnoMNvZL=
aYAsGgGCDcKqji-j-gwKPeh72eUCDoLH3p9zJbda0V-Z1LCgSRUMP6sML9zi9-Q%3D" target=
=3D"_blank" rel=3D"noopener noreferrer" style=3D"color: rgb(10, 11, 13); te=
xt-decoration: none;"> <table 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>C98</stro=
ng></td> <td style=3D"vertical-align: middle; padding-left: 12px;"><img src=
=3D"https://dynamic-assets.coinbase.com/c37291c66efbee294513c80637eef0a89ec=
92eb64e4848e899680cf63a4b431b2f875cc9e97cc3cc58e7725b0f95b8f22b472e925683d3=
e6ad24956c2ad89d03/asset_icons/d651cc7d1e015d6711a2aea646bd0f892a0b7fe2c670=
9e94a4be3a8f96a327fa.png" width=3D"26" height=3D"26" style=3D"display: bloc=
k; width: 26px; height: 26px; vertical-align: middle;"></td> <td style=3D"v=
ertical-align: middle; text-align: right; width: 100%;"><img src=3D"https:/=
/d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-=
bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/Newsletter%20Assets/newl=
istings_light.png" width=3D"21" height=3D"18" style=3D"width: 21px; height:=
 18px; vertical-align: middle;"></td> </tr> </tbody> </table> <p style=3D"m=
argin: 0px; line-height: 1.6;">C98 is an Ethereum token that powers Coin98,=
 a DeFi platform for swapping tokens, staking, lending, and more. </p> </a>=
<a href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878=
e9689713&_m=3Da0502e08d00c4344a5fe14f87c99553a&_e=3DgRg2W3B_URq6e-OL3aYFyaz=
Xwk2Zx7FZ6yrtUn_CRR_TwytgnTQz5vSegnVAToyZfYMwvqoWJ-y1B8NPkT4bKh-QREq9tvGmyP=
W8rA1CKy5BAC5TYWhUibIWxa6MB12rP52MWycXEUOobvvShF0fPLxccgu6TI9Ju4WCPF8nu9URl=
swJKG-xzPh2mb16WDqSrg7bZuyuXS9M4_uXcqvL4Rt9-jgnH64usmH8wRf6UyXYxWnMGZvB83nX=
PSyF-IcjlAtW1HNwOcg78X4I6heJml0tu3sMBcvERc1yLAGtrSjLPSjUWnTpcJY_ZMXU04-Ujq8=
_vWFlE-fOia8-zEXdT-XZieuniQMhNkMecGfEaZx1Co6pSKGtU7kct268AFoAjyQ39CxpSFdyXQ=
ju7QqW2wXjDQNw2GOBfWvu8HP3YQ0%3D" target=3D"_blank" rel=3D"noopener norefer=
rer" 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-siz=
e: 32px; line-height: 1.26; word-break: break-word; vertical-align: middle;=
 white-space: nowrap;"><strong>BIT</strong></td> <td style=3D"vertical-alig=
n: middle; padding-left: 12px;"><img src=3D"https://dynamic-assets.coinbase=
.com/3eb49d280a2bbc143d7ebfbcfaf261e051999529a1e300ff2737be942b721e710f8921=
202c4ae1b330ba371376ff470e0ad292dfd1641246308bf036d20f030f/asset_icons/d3cc=
bcd3675a5911357c99321284d2692ea40e52e2fffff57a54d6174cd06742.png" width=3D"=
26" height=3D"26" style=3D"display: block; width: 26px; height: 26px; verti=
cal-align: middle;"></td> <td style=3D"vertical-align: middle; text-align: =
right; width: 100%;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/publ=
ic/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5637196741819=
2255878e9689713/Newsletter%20Assets/newlistings_light.png" width=3D"21" hei=
ght=3D"18" style=3D"width: 21px; height: 18px; vertical-align: middle;"></t=
d> </tr> </tbody> </table> <p style=3D"margin: 0px; line-height: 1.6;">BIT =
is an Ethereum token that governs BitDAO, a protocol designed to support bu=
ilders of decentralized technologies. </p> </a> <table width=3D"100%" role=
=3D"presentation" valign=3D"top" style=3D"table-layout: fixed; vertical-ali=
gn: top; border-spacing: 0px; border-collapse: collapse; min-width: 100%; t=
ext-size-adjust: 100%;"> <tbody> <tr style=3D"vertical-align: top;"> <td va=
lign=3D"top" style=3D"word-break: break-word; vertical-align: top; min-widt=
h: 100%; text-size-adjust: 100%; padding: 48px 0px;"><table border=3D"0" ce=
llpadding=3D"0" cellspacing=3D"0" width=3D"100%" align=3D"center" role=3D"p=
resentation" valign=3D"top" style=3D"table-layout: fixed; vertical-align: t=
op; border-spacing: 0px; border-collapse: collapse; border-top: 2px solid r=
gb(222, 224, 226); width: 100%;"> <tbody> <tr style=3D"vertical-align: top;=
"> <td valign=3D"top" style=3D"word-break: break-word; vertical-align: top;=
 text-size-adjust: 100%;"><span></span></td> </tr> </tbody> </table></td> <=
/tr> </tbody> </table> <p style=3D"margin: 0px; line-height: 1.6; word-brea=
k: 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>C</strong></td> <td>Uniswap</td> </t=
r> </tbody> </table> <table style=3D"margin: 48px 0px 0px;"> <tbody> <tr> <=
td style=3D"text-align: left;"><img src=3D"https://d15k2d11r6t6rl.cloudfron=
t.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca563=
71967418192255878e9689713/Rebrand%20Assets/coinbase_footer_wordmark.png" al=
t=3D"Coinbase" height=3D"26" style=3D"display: block; height: 26px; margin-=
bottom: 24px;"></td> </tr> <tr> <td><a href=3D"https://links.coinbase.com/u=
/click?_t=3D3aca56371967418192255878e9689713&_m=3Da0502e08d00c4344a5fe14f87=
c99553a&_e=3DgRg2W3B_URq6e-OL3aYFyYC2Ooy2baeTWUxxNjN7aaFmKroM0pjFrTShep9Nxo=
9ZxwuPON-YZyjw0MpU4Lv_btQ8ci2-nw3iIF4szUnPlJmij35DbKLTK6RVl4tffYaDB61ygqkyd=
9JKOj4VvbcUpjKH17R8nezllRPO3PGvbvvyueboBsWRaRVMFHChcBXHbafM3pILkToS9SGwvyla=
ldSjOKndS3tZbb1DRJtmH74KfJ0n3muekrjZCNl0D5iPiSC8vDiaS4gdkU2S80OF8PdHUjp9VLG=
7ZZd8X2duwTJEKlRXZI4TeZMkY9stCbgisCid83Xx5nUQXZf_qjlq1SAfu-H4YHTNm-hN5-QIcq=
MJpjMM32wAHGV_g4BOw0LRBXNd-2Bj8mzLwTHxeZHtZSZq3kVasPndj1MeNU3VG-QeZnj3M5mU3=
SkvgCqOnL0g" title=3D"coinbase ios app" target=3D"_blank" rel=3D"noopener n=
oreferrer"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/I=
ntegrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e96=
89713/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=3D3aca56371967418192255878e9=
689713&_m=3Da0502e08d00c4344a5fe14f87c99553a&_e=3DgRg2W3B_URq6e-OL3aYFyXDbj=
VKFUhGGc0O-OoZMXTN9Qaao0C2AL7dXDxnr2bQHytolejfNTcTwHuKZLjkXQoO1_P6zaY0ohckL=
jkfAHyz_nW91Gjy4RPlubat0LrBRU4YbHV8LdDV7EaY1w_vF--S-waR9FKuLuuY22iJQgwkVKoy=
kKtoehSZNbO_LMn0rFdl0P4SrvwMgyPWzmFhZZ4LdWSNIc2Z-dICl3klEPRAIEJxRZZol3zj2b8=
DMUpAtHIaHPSgAPFW4AjLFqxqmBVHvrgVm1Xxj2T-44IY5PomHNT5jT4h8r5Vh-rOryuXqcbwf-=
WBrnyy6mOIbhluBUrIodx688q4FGgXUO9DSxWTy45zRAA0_Akj-2HjRY8SiEbscs_dAWLtbb1kP=
5Ess-8stYxY79efe7tw7MRfFVf9KpBrxBUfgLp3dg1Vhk5X2" title=3D"coinbase android=
 app" target=3D"_blank" rel=3D"noopener noreferrer"><img src=3D"https://d15=
k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e=
-c542cff6dd6a/3aca56371967418192255878e9689713/Icons/app_google.png" alt=3D=
"Download on Google Play" height=3D"46" style=3D"display: block; height: 46=
px;"></a></td> </tr> </tbody> </table> <div style=3D"margin-top: 24px;"> <p=
 style=3D"font-size: 12px; line-height: 1.8; word-break: break-word; color:=
 rgb(91, 97, 110);">Disclaimer: This material is the property of Coinbase, =
Inc., its parent and affiliates ("Coinbase"). The views and opinions expres=
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 of Coinbase or its employees and summarizes information and articles with =
respect to cryptocurrencies or related topics that the author believes may =
be of interest. This material is for informational purposes only, and is no=
t (i) an offer, or solicitation of an offer, to invest in, or to buy or sel=
l, any interests or shares, or to participate in any investment or trading =
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ccuracy or completeness of the information or to the future performance of =
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. The information is believed to be current as of the date indicated on the=
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t registered or licensed in any capacity with the U.S. Securities and Excha=
nge Commission or the U.S. Commodity Futures Trading Commission.<br><br> =
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