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Subject: 3 key crypto stories to watch this week
To: Vincent Herbert <vince@showfile.com>
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Coinbase Bytes The Fed, Ethereum, and the EU=E2=80=99s new crypto law. View=
in browser=20
<https://links.coinbase.com/e/evib?_t=3D3aca56371967418192255878e9689713&_m=
=3D8e74a7f138f04ca7958c50bc26b32cfe&_e=3DSH9pn9xgQpZ7v3y4TdcgzaAFq4V5PKcIVd=
08juFVY-0EUbTzjLOK6hLEdZ9CmxeuOfDIgBIKsEZ6W_BRKB5QIQ%3D%3D>
<https://coinbase.com>=20
12 Oct 2022=20
<https://www.coinbase.com>=20
All eyes are on Thursday=E2=80=99s new inflation report, and the Federal Re=
serve=E2=80=99s=20
response. [crbellete 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:
* Crypto and stock markets are bracing for Thursday=E2=80=99s inflation re=
port. Plus=20
how the EU=E2=80=99s new crypto law and an Ethereum milestone are impacting=
the market.=20
* Noteworthy numbers. The tax rate Portugal has proposed for short-term=20
crypto gains, and other key stats to know this week.=20
* The latest updates from Coinbase. How to watch COIN, Coinbase=E2=80=99s =
new=20
documentary.=20
Bitcoin
=C2=A317,234.54=20
-3.23%=20
<https://coinbase.com/price/bitcoin?bytes_title=3Dbitcoin>=20
Ethereum
=C2=A31,168.57=20
-2.24%=20
<https://coinbase.com/price/ethereum?bytes_title=3Dethereum>=20
Cardano
=C2=A30.35=20
-8.77%=20
<https://coinbase.com/price/cardano?bytes_title=3Dcardano>=20
Solana
=C2=A328.01=20
-7.07%=20
<https://coinbase.com/price/solana?bytes_title=3Dsolana>=20
Dogecoin
=C2=A30.05=20
-5.77%=20
<https://coinbase.com/price/dogecoin?bytes_title=3Ddogecoin>=20
Polkadot
=C2=A35.55=20
-1.77%=20
<https://coinbase.com/price/polkadot?bytes_title=3Dpolkadot>=20
Bitcoin
=C2=A317,234.54=20
-3.23%=20
<https://coinbase.com/price/bitcoin?bytes_title=3Dbitcoin>=20
Ethereum
=C2=A31,168.57=20
-2.24%=20
<https://coinbase.com/price/ethereum?bytes_title=3Dethereum>=20
Cardano
=C2=A30.35=20
-8.77%=20
<https://coinbase.com/price/cardano?bytes_title=3Dcardano>=20
Solana
=C2=A328.01=20
-7.07%=20
<https://coinbase.com/price/solana?bytes_title=3Dsolana>=20
Dogecoin
=C2=A30.05=20
-5.77%=20
<https://coinbase.com/price/dogecoin?bytes_title=3Ddogecoin>=20
Polkadot
=C2=A35.55=20
-1.77%=20
<https://coinbase.com/price/polkadot?bytes_title=3Dpolkadot>=20
Price changes are for the past week, ending on Oct 12, 2022 at 07:38 PM UTC
See the latest prices <>=20
MARKET UPDATE=20
3 key crypto storylines to watch this week
Lots of developments throughout the cryptoverse this week =E2=80=94 let=E2=
=80=99s jump right=20
in. Global markets are especially jittery ahead of Thursday=E2=80=99s Consu=
mer Price=20
Index (CPI) report, which will provide the latest data on U.S. inflation an=
d=20
set the stage for the Federal Reserve=E2=80=99s November rate-hike plans. M=
eanwhile,=20
the European Union advanced significant crypto legislation, and Ethereum ju=
st=20
hit a major milestone. So, how is this all impacting the crypto market? Let=
=E2=80=99s=20
dig in.
Bitcoin and the S&P 500 have shed roughly 3% since Friday due to anxieties=
=20
about September=E2=80=99s relatively strong job growth, tomorrow=E2=80=99s =
inflation report,=20
and the Fed=E2=80=99s response.
* Hiring is something the Fed is trying to slow, alongside spending and=20
investing, in an effort to combat inflation. The U.S. economyadded=20
<https://www.cbsnews.com/news/job-gains-hiring-september-263000-2022-10-07/=
#:~:text=3DMoneyWatch-,Employers%20add%20263%2C000%20jobs%20in%20September%=
20as,falls%20to%2050%2Dyear%20low&text=3DEmployers%20added%20263%2C000%20jo=
bs%20last,the%20brakes%20on%20the%20economy.>
263,000 jobs in September (down from August=E2=80=99s 315,000), but The Wa=
ll Street=20
Journalnotes=20
<https://www.wsj.com/articles/september-jobs-report-unemployment-rate-econo=
my-growth-2022-11665091101>
that decrease is likely not low enough to prevent the Fed from implementin=
g=20
its fourth consecutive rate-hike, a move that pressures crypto and stocks.=
=20
* Meanwhile, in a Monday speech=20
<https://www.federalreserve.gov/newsevents/speech/brainard20221010a.htm>, F=
ed=20
Vice Chair Lael Brainard reiterated the central bank=E2=80=99s position: =
=E2=80=9CMonetary=20
policy will be restrictive for some time.=E2=80=9D=20
* All eyes are now on September=E2=80=99s CPI report, dropping Thursday. I=
f it shows=20
inflation remains north of 8%, near four-decade highs, some analysts believ=
e=20
another 0.75% rate hike is likely a certainty. (Economists surveyed by the =
Dow=20
Jonesexpect=20
<https://www.cnbc.com/2022/10/10/bitcoin-falls-to-start-the-week-as-investo=
rs-look-ahead-to-inflation-data.html>
an 8.1% annual increase.)=20
* As one analyst put it on CNBC: =E2=80=9CThere seems to be some jitters a=
nd=20
derisking across all markets as we approach Thursday=E2=80=99s CPI release.=
Bitcoin is=20
moving closely with equities.=E2=80=9D=20
On Monday, European Union lawmakers advanced landmark legislation that woul=
d=20
regulate digital assets across the EU.
* The Markets in Crypto Assets (MiCA) regulation=20
<https://www.coindesk.com/policy/2022/10/10/lawmakers-back-eus-mica-crypto-=
law-in-committee-vote/>
is a legal framework thatoutlines=20
<https://www.coindesk.com/policy/2022/09/21/eu-finalizes-legal-text-for-lan=
dmark-crypto-regulations-under-mica/>
how providers of crypto services, assets, and wallets can register with=20
authorities and market themselves across the EU.=20
* Among the bill=E2=80=99s rules: Crypto issuers must publish whitepapers =
with=20
project information to obtain licensing; stablecoins must have sufficient=
=20
capital to maintain pegs, while non-euro denominated stablecoins face=20
restrictions on total transaction volumes; and crypto miners would need to=
=20
disclose energy consumption.=20
* Much of the crypto industry has cautiously welcomed=20
<https://www.coindesk.com/policy/2022/09/28/industry-offers-cautious-welcom=
e-to-eus-landmark-crypto-law-mica/>
the regulatory development, which would create a consistent regulatory reg=
ime=20
for crypto throughout the EU=E2=80=99s 27 member countries.=20
Ethereum reached a post-Merge milestone this week, becoming deflationary fo=
r=20
the first time since the blockchain transitioned to Proof-of-Stake.
* This is because more ETH was burned=20
<https://www.coinbase.com/learn/crypto-basics/what-is-eip1559> while verify=
ing=20
transactions than was created in the same time period, leading to a =E2=80=
=930.13%=20
supply reduction (about 4,000 tokens) over the last week. Since the Merge, =
the=20
rate of new ETH creation has dropped nearly90%=20
<https://ethereum.org/en/upgrades/merge/issuance/>.=20
* Despite theories that a drop in ETH supply would correspond with higher=
=20
prices (assuming demand remains constant), ETH=E2=80=99s price has dropped =
roughly 4%=20
over the last week.=20
* An ETH-based token project called XEN prompted Ethereum=E2=80=99s deflat=
ionary burn=20
rate this weekend when it drove a massive spike in network traffic that als=
o=20
caused ETH=E2=80=99s burn rate to increase. XEN subsequentlyraised some eye=
brows=20
<https://decrypt.co/111605/ethereum-supply-turns-deflationary-but-price-sti=
ll-struggles>
on Crypto Twitter, leading some observers toquestion=20
<https://twitter.com/0xSisyphus/status/1579459147976044547?cxt=3DHHwWhsDTxc=
HurusrAAAA>
the project=E2=80=99s economics.=20
The big picture=E2=80=A6 Hovering behind the uncertainty regarding Thursday=
=E2=80=99s CPI=20
report is a larger macro question for crypto: will it remain correlated to =
the=20
stock market, especially as the risk of recession looms? (This week J.P. Mo=
rgan=20
CEO Jamie Dimon said hethinks=20
<https://www.cnbc.com/2022/10/10/jpmorgan-jamie-dimon-warns-us-likely-to-ti=
p-into-recession-soon.html>
we=E2=80=99re still six-to-nine months away from the worst of it.) In rece=
nt weeks,=20
the crypto-stock correlation hasweakened=20
<https://www.cnbc.com/2022/10/07/bitcoin-falls-after-the-jobs-report-but-cr=
ypto-prices-are-showing-relative-stability.html>
somewhat, but still remains positive. At the same time, crypto volatility =
has=20
been relatively subdued for the last month (BTC has mostly remained in the=
=20
$19,000 to $20,000 range) compared to the Dow Jones and S&P 500, which had=
=20
their worst month since March 2020. So, will the two markets continue to mo=
ve=20
in lockstep or diverge? Only time will tell.
Learn to manage down cycles=20
<https://www.coinbase.com/learn/tips-and-tutorials/how-to-minimize-your-los=
ses-during-a-falling-market>
<http://coinbase.com/buy?src=3Dbytesdynamicbanner_cta>=20
NUMBERS TO KNOW=20
35.6 trillion
Number of hashes required to mine one Bitcoin as of Monday, an all-time hig=
h=20
for mining difficulty on the network. (Mining difficulty represents how man=
y=20
guesses a miner will need to make to solve the time-consuming math puzzles =
that=20
will earn it the right to add a new block of transactions to the chain.)=20
Monday=E2=80=99sdifficulty hike=20
<https://decrypt.co/111565/bitcoin-mining-difficulty-jumps-14-hitting-all-t=
ime-high>
, which marked a steep increase of 14% since the last measure, was the late=
st=20
bad news for Bitcoin miners, who have seen their revenue plummet this year =
amid=20
the crypto bear market.
$570 million=20
Amount of Binance Coin (BNB) taken last week during the hack=20
<https://www.reuters.com/technology/hackers-steal-around-100-million-crypto=
currency-binance-linked-blockchain-2022-10-07/>
of a blockchain bridge in the exchange=E2=80=99s BNB Chain. (Bridges are u=
sed for=20
moving assets from one blockchain to another.) According to areport=20
<https://blog.chainalysis.com/reports/cross-chain-bridge-hacks-2022/> from=
=20
Chainalysis published in August, attacks on bridges accounted for =E2=80=9C=
69% of total=20
funds stolen in 2022 so far.=E2=80=9D
12,053
Number of Brazilian companies that reported=20
<https://www.coindesk.com/business/2022/10/10/record-number-of-brazilian-co=
mpanies-bought-crypto-in-august/>
buying crypto in August, according to reporting from the country=E2=80=99s=
tax=20
authority. The latest figure represents a record-high, as well as a five-fo=
ld=20
increase from August 2019, when firms initially began reporting their crypt=
o=20
activity to the government, according to CoinDesk.
28%
Rate at which Portugal has proposed=20
<https://www.bloomberg.com/news/articles/2022-10-10/portugal-to-start-taxin=
g-crypto-gains-in-next-year-s-budget-plan>
taxing gains on crypto held for less than a year. Such a move would mark a=
=20
notable shift for the European nation, which is known for its crypto-friend=
ly=20
policies, including not taxing gains from personal investment in crypto. Cr=
ypto=20
held for more than a year would still be exempt from tax, however.
TUNE IN=20
COIN: A Founder=E2=80=99s Story offers an inside look at Coinbase=E2=80=99s=
origins and=20
unprecedented rise
Nearly three years ago, Coinbase began working with documentary filmmaker G=
reg=20
Kohs on a movie about the company's story. The resulting film, COIN, is now=
=20
available to stream in the U.S, and chronicles, as Coinbase CEO Brian Armst=
rong
put it <https://www.coinbase.com/blog/introducing-coin-a-founders-story>, "=
the=20
crazy ups and downs of building a tech startup all the way to us becoming a=
=20
public company."
The journey from Satoshi Nakamoto=E2=80=99s Bitcoin whitepaper to the first=
publicly=20
traded crypto company sounds like one of those mythical business stories, b=
ut=20
COIN dives into the essential human elements of asking big questions and=20
solving even bigger problems. =E2=80=9CI wanted to demystify what it looks =
like to=20
build a tech startup and to encourage people to pursue entrepreneurship,=E2=
=80=9D Brian=20
said. =E2=80=9CI also wanted to demystify crypto.=E2=80=9D
Watch COIN <https://www.coinbase.com/coindocumentary>=20
TOKEN TRIVIA=20
What is the smallest unit of a Bitcoin?
A 1 Buterin=20
B 0.001 BTC=20
C 1 Satoshi=20
D 0.01 USD=20
Find the answer at the end of the email.
Learn Bitcoin basics=20
<https://www.coinbase.com/learn/crypto-basics/what-is-bitcoin#:~:text=3Dthe=
%20bitcoin%20community%20refers%20to%20the%20smallest%20unit%20as%20a%20%E2=
%80%98Satoshi.%E2%80%99>
NOW TRADING ON COINBASE=20
PNG=20
PNG is the utility token of the Pangolin DEX, which initially launched on=
=20
Avalanche.
<https://www.coinbase.com/price/pangolin?bytes_new=3Dpangolin>=20
00=20
00 is the ERC-20 utility token of the P00LS platform and ecosystem, which=
=20
supports the distribution and trading of social tokens.
<https://www.coinbase.com/price/00-token?bytes_new=3D00-token>=20
Trivia answer
C 1 Satoshi=20
<https://itunes.apple.com/us/app/coinbase-bitcoin-wallet/id886427730?mt=3D=
8> =20
<https://play.google.com/store/apps/details?id=3Dcom.coinbase.android>=20
Disclaimer: This material is the property of Coinbase, Inc., its parent and=
=20
affiliates ("Coinbase"). The views and opinions expressed herein are those =
of=20
the author and do not necessarily reflect the views of Coinbase or its=20
employees and summarizes information and articles with respect to=20
cryptocurrencies or related topics that the author believes may be of inter=
est.=20
This material is for informational purposes only, and is not (i) an offer, =
or=20
solicitation of an offer, to invest in, or to buy or sell, any interests or=
=20
shares, or to participate in any investment or trading strategy, (ii) inten=
ded=20
to provide accounting, legal, or tax advice, or investment recommendations =
or=20
(iii) an official statement of Coinbase. No representation or warranty is m=
ade,=20
expressed or implied, with respect to the accuracy or completeness of the=
=20
information or to the future performance of any digital asset, financial=20
instrument or other market or economic measure. The information is believed=
to=20
be current as of the date indicated on the materials. Recipients should con=
sult=20
their advisors before making any investment decision. Coinbase may have=20
financial interests in, or relationships with, some of the entities and/or=
=20
publications discussed or otherwise referenced in the materials. Certain li=
nks=20
that may be provided in the materials are provided for convenience and do n=
ot=20
imply Coinbase's endorsement, or approval of any third-party websites or th=
eir=20
content. Coinbase, Inc. is not registered or licensed in any capacity with =
the=20
U.S. Securities and Exchange Commission or the U.S. Commodity Futures Tradi=
ng=20
Commission.
=C2=A9 Coinbase 2022 | Coinbase Europe Limited=20
70 Sir John Rogerson=E2=80=99s Quay | Dublin 2 | D02 R296 | Ireland=20
+353 1800 200 355=20
=C2=A9 Coinbase 2022 | CB Payments, Ltd=20
5 Fleet Place | London | EC4M 7RD | UK=20
+44 808 168 4635=20
CB Payments, Ltd. is authorised by the Financial Conduct Authority under t=
he=20
Electronic Money Regulations 2011 (register number 900635) for the issuing =
of=20
electronic money.
Cryptocurrency is not regulated by the UK Financial Conduct Authority and =
is=20
not subject to protection under the UK Financial Services Compensation Sche=
me=20
or within the scope of jurisdiction of the UK Financial Ombudsman Service.=
=20
Investing in cryptocurrency comes with risk and cryptocurrency may gain in=
=20
value, or lose some or all value. Capital gains tax may be applicable to=20
profits from cryptocurrency sales.
Unsubscribe=20
<https://links.coinbase.com/e/encryptedUnsubscribe?_r=3D3aca563719674181922=
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cgzaAFq4V5PKcIVd08juFVY-0EUbTzjLOK6hLEdZ9CmxeuoBAPtkv3Bd_whLBYszFFtO8-2jWvL=
E7GWbNGa6i6v00LlPSBxIsw4UfaEgnsZujDzKgKgrExD6BdyqRhyMXKjX-YWijTfSTIWvfa8sZ2=
dhkK0RN8eTUJWI-u1cpxuA8i>
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and the EU=E2=80=99s new crypto law.</span><img src=3D"https://links.coinba=
se.com/e/eo?_t=3D3aca56371967418192255878e9689713&_m=3D8e74a7f138f04ca7=
958c50bc26b32cfe&_e=3DSH9pn9xgQpZ7v3y4TdcgzaAFq4V5PKcIVd08juFVY-0EUbTzj=
LOK6hLEdZ9CmxeuoBAPtkv3Bd_whLBYszFFtO8-2jWvLE7GWbNGa6i6v00LlPSBxIsw4UfaEgns=
ZujDDStv6fUpaTFL7WAF2E_RdA%3D%3D" style=3D"border:0;width:1px;height:1px;bo=
rder-width:0px!important;display:none!important;line-height:0!important;" w=
idth=3D"1" height=3D"1"/> <div id=3D"root" style=3D"min-width: 320px; backg=
round-color: #FFFFFF; width: 100%"> <div style=3D"min-width: 320px; max-wid=
th: 570px; overflow-wrap: break-word; word-break: break-word; margin: 0px a=
uto;" class=3D"block-grid"> <div style=3D"padding: 0px 10px 10px;"> <div st=
yle=3D"text-align: right; margin-bottom: 24px;"><a href=3D"https://links.co=
inbase.com/e/evib?_t=3D3aca56371967418192255878e9689713&_m=3D8e74a7f138f04c=
a7958c50bc26b32cfe&_e=3DSH9pn9xgQpZ7v3y4TdcgzaAFq4V5PKcIVd08juFVY-0EUbTzjLO=
K6hLEdZ9CmxeuOfDIgBIKsEZ6W_BRKB5QIQ%3D%3D" target=3D"_blank" rel=3D"noopene=
r noreferrer" style=3D"color: rgb(91, 97, 110); text-decoration: none; line=
-height: 1.5; font-size: 12px;">View in browser</a></div> <div style=3D"mar=
gin-bottom: 20px;"> <table style=3D"width: 100%;"> <tbody> <tr> <td style=
=3D"text-align: left; vertical-align: middle;"><a href=3D"https://links.coi=
nbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D8e74a7f138f04c=
a7958c50bc26b32cfe&_e=3Du6hSPB1vk5K2bRwqtsnMJnstx1XLdVNr_4sM-NU3cleT6INjso8=
mwl_W1VYzXXFjpr9WZd136ltWbLkhHGdRjM78120Q6z0XtF1uxIIH6tCvj-DD3QLWN_8Jv-NKJR=
uCZnm0gXzwR24nZlTpd8bfCsixKRNkO98gPexPLkWNRmeTTau10fXBjeKe9aco2O9xAbR4nQ0n-=
Fzl6CYxmfvSAhnCie8RalmEGrjpUdiXLr5KbUV2LcqvbWFkczMsiRPE1zAnBt2kUgYFpxIG7sLH=
Slro1koCRGJPVJ3xYPYmDWVD8yK0aoJ5yaFrEDnyks6F" title=3D"Coinbase Bytes" targ=
et=3D"_blank" rel=3D"noopener noreferrer"><img src=3D"https://d15k2d11r6t6r=
l.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6d=
d6a/3aca56371967418192255878e9689713/cbytes-4x.png" height=3D"36" style=3D"=
display: block; height: 36px;"></a></td> <td style=3D"text-align: right;"><=
p style=3D"font-size: 20px; color: rgb(10, 11, 1); margin: 10px 0px 0px;"> =
12 Oct 2022 </p></td> </tr> </tbody> </table> </div> <a href=3D"https://lin=
ks.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D8e74a7f1=
38f04ca7958c50bc26b32cfe&_e=3Du6hSPB1vk5K2bRwqtsnMJt72TEcIjdQ2OGd2dNEhbUwSd=
lRbzSsN3NxVs0CmedvUlkiNPfPTCfjuTy8LwjEs_e1l3Em1PGPSw8B-9ykW49xfuk0xQEA5ICzZ=
dO2IvPI3XIhNt9PbdaBg1HQTCzXd0SE4iV2VjczeZAAfebmlPr8gpy7nHj7lOhnbizXyZbWyQFM=
KwE3nN0yCRJckplgCTvGK7KFUsYZSMNqDfuVHk3AwQVJ4g3sc41xXgtQLh_lJT-GXiYpv0OTIu8=
YE3RaJPjy1D1H6u6JWKHnOuwVhqPC-M-jV9QOgWMyrOtTMsw-h" target=3D"_blank" rel=
=3D"noopener noreferrer"><img src=3D"https://images.ctfassets.net/q5ulk4bp6=
5r7/65WTtqdAa7XCFczhlN1ewu/5bd6db8b0505f9fbb0e8aa0e2d759ad5/GettyImages-113=
1763915_copy.jpg" width=3D"100%" style=3D"display: block; width: 100%;"></a=
> <p style=3D"margin: 16px 0px 0px; line-height: 1.5; word-break: break-wor=
d; font-size: 12px; color: rgb(91, 97, 110);">All eyes are on Thursday=E2=
=80=99s new inflation report, and the Federal Reserve=E2=80=99s response. [=
crbellete via Getty Images]</p> <p style=3D"margin: 48px 0px 16px; font-siz=
e: 32px; line-height: 1.26; word-break: break-word;"><strong>What=E2=80=99s=
up? It=E2=80=99s Coinbase Bytes</strong></p> <p style=3D"margin: 0px; line=
-height: 1.6; word-break: break-word;">There=E2=80=99s never a dull moment =
on the blockchain. Here=E2=80=99s what you need to know this week:</p> <!--=
[if mso]><ul style=3D"line-height:1.6;mso-line-height-alt:26px;"><![endif]-=
-><!--[if !mso]><!-- --><ul style=3D"margin: 10px 0px; padding-left: 24px; =
line-height: 1.6;"><!--<![endif]--> <li style=3D"margin: 0px; padding: 6px =
0px;"><strong>Crypto and stock markets are bracing for Thursday=E2=80=99s i=
nflation report. </strong>Plus how the EU=E2=80=99s new crypto law and an E=
thereum milestone are impacting the market.</li> <li style=3D"margin: 0px; =
padding: 6px 0px;"><strong>Noteworthy numbers. </strong>The tax rate Portug=
al has proposed for short-term crypto gains, and other key stats to know th=
is week.</li> <li style=3D"margin: 0px; padding: 6px 0px;"><strong>The late=
st updates from Coinbase. </strong>How to watch COIN, Coinbase=E2=80=99s ne=
w documentary.</li> </ul> <p style=3D"margin: 0px; padding: 0px;"></p> <!--=
[if !mso]><!--> <div class=3D"desktop_hide" style=3D"mso-hide:all;display:n=
one;max-height:0;overflow:hidden;"> <table style=3D"width:100%;table-layout=
:fixed;margin:0;"> <tbody> <tr> <td style=3D"padding-top:40px;"> <a href=3D=
"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_=
m=3D8e74a7f138f04ca7958c50bc26b32cfe&_e=3Du6hSPB1vk5K2bRwqtsnMJtsiWkasZ2xjB=
oyavDX7bHRgSkDY7ZXkTbDpU6ED2nw_UFFbc23mp3pv7XRhkTeSPKtmdbl5SR8tvcTL8215TWw6=
1dZ7yEzHLRrAxWnpqPXsO9toxx97F7o199LXCnRu3b7OXrgk9cxZw6i33IlCIEP_JF-G_25fJKW=
L33-EavvEJJ4JJN44FIXUKyUGhrHz4rBrpFSAkuQmSSiDz7faIbq1SkLWTaJoeuUPI0TW_7wqeD=
IoiCTIEa4wtxFCoXTphctJCryBbrPOLunhulUrbuGJc3bvtMs5ZSpVEPDrAm5adnvVlO1uHATvm=
xTG4Jr1nk0U_fPMz73jOc6DPTzyhIo%3D" target=3D"_blank" style=3D"text-decorati=
on:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertic=
al-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/us=
ers/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca563719674181922558=
78e9689713/down-arrow.png" style=3D"height:12px;width:12px;margin:2px 0px 0=
px 0px;vertical-align:top;" height=3D"12" width=3D"12"/> </td> <td style=3D=
"padding:0;vertical-align:top;"> <div style=3D"text-align:left;margin:0px 0=
px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Bitcoin</strong=
></p> <p style=3D"margin:8px 0px;"> =C2=A317,234.54 </p> <p style=3D"margin=
:0;font-size:12px;"> -3.23% </p> </div> </td> </tr> </tbody> </table> </a> =
</td> <td style=3D"padding-top:40px;"> <a href=3D"https://links.coinbase.co=
m/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D8e74a7f138f04ca7958c50=
bc26b32cfe&_e=3Du6hSPB1vk5K2bRwqtsnMJtsiWkasZ2xjBoyavDX7bHTj19XqIU2Hbs4b49D=
1p3HVcnqX7x4_IoIKaxYd1nmUFX3TDv4u_X_P0MJcMeJZ5ApTdwZOj-byLcZ8NMNO3-InaK_b0_=
Ss_bJoJUwwSsemwZrWkhxI3HH4FExFRGADWq2nA_0WbB2I4Og2VBCTzZhtYNze3KcwtJB5gO3FW=
uwTDgbcouly8fNoa9zhQBgtzqY32N2Nx9-Vl6uTpuxI5aPaqJGZtkt6DXEF75X37l1Lqpgxgv2t=
dGV7YgHE4YgGqRUX649aQ0JP7BKqrrjS0jahlKEKrWz-xGK8T_AGDWhGXJaYghDKKX49VPYIw6t=
GT6s%3D" target=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <=
table> <tbody> <tr> <td style=3D"padding:0;vertical-align:top;"> <img src=
=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713=
-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/down-arrow.pn=
g" style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:to=
p;" height=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;vertical-alig=
n:top;"> <div style=3D"text-align:left;margin:0px 0px 0px 10px;line-height:=
1;"> <p style=3D"margin:0;"><strong>Ethereum</strong></p> <p style=3D"margi=
n:8px 0px;"> =C2=A31,168.57 </p> <p style=3D"margin:0;font-size:12px;"> -2.=
24% </p> </div> </td> </tr> </tbody> </table> </a> </td> </tr> <tr> <td sty=
le=3D"padding-top:20px;"> <a href=3D"https://links.coinbase.com/a/click?_t=
=3D3aca56371967418192255878e9689713&_m=3D8e74a7f138f04ca7958c50bc26b32cfe&_=
e=3Du6hSPB1vk5K2bRwqtsnMJtsiWkasZ2xjBoyavDX7bHTVGdKGH3QUGnFyn41URmq_EUcpwjc=
bYzoSB5YUdWQCAAtHihNstDOPDbi3bhVoT4h1IkDCx2cwBiNw03r56EoZKPkGQB_9DW22sPdKEo=
9sKLHWIpQMAWfzqNqfIoKSHKWQjFEjNWpdwe5y42IFWDF2UDm8FLPFuuOSv14awFHrOMQJnamBi=
1OLiv_r9TpUK73YS7_YRNahGzwtDbVGOwfhJAIFCVnbwtQo-ZWbp0e-7lSqVXwZINBlSy-jNo_c=
FmpI0SGbOZcUix6OblAejfm0KvyhBmxIE2eNJRo2Y2028ZERTdxLxOz6iuzu8DIB-w0%3D" tar=
get=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbod=
y> <tr> <td style=3D"padding:0;vertical-align:top;"> <img src=3D"https://d1=
5k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7=
e-c542cff6dd6a/3aca56371967418192255878e9689713/down-arrow.png" style=3D"he=
ight:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"=
12" width=3D"12"/> </td> <td style=3D"padding:0;vertical-align:top;"> <div =
style=3D"text-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=
=3D"margin:0;"><strong>Cardano</strong></p> <p style=3D"margin:8px 0px;"> =
=C2=A30.35 </p> <p style=3D"margin:0;font-size:12px;"> -8.77% </p> </div> <=
/td> </tr> </tbody> </table> </a> </td> <td style=3D"padding-top:20px;"> <a=
href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9=
689713&_m=3D8e74a7f138f04ca7958c50bc26b32cfe&_e=3Du6hSPB1vk5K2bRwqtsnMJtsiW=
kasZ2xjBoyavDX7bHT7fAjYHpbFakco5JmFpa3gklnWdjGfNGNaE5bGubj6russVMYIeMyT1cEA=
7tcgLaesfqeDYVWYaOrMZB_aL9rN3PO00I8yp0BpTxzmGD2bDBgNVmGI7xScls8BWzBLQzQS9bH=
fwpNwL_F3AiPAmHZ7tcO4UH7HsLp4hacQkUtQL50-cvyG7U3IYVRpSgGUwL45AOteJ_e-6iGb_S=
lPgf0fP7X-VfU1SvqvAF3ByTcqBg2khHnfPFF7B7ImQjWzQzc17xKJNm29uL7LGNUsNyie-FMdn=
U_U_Is8V5Mo-j7f82jOBYp-b6ldGrtH4r2YELo%3D" target=3D"_blank" style=3D"text-=
decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:=
0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/p=
ublic/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5637196741=
8192255878e9689713/down-arrow.png" style=3D"height:12px;width:12px;margin:2=
px 0px 0px 0px;vertical-align:top;" height=3D"12" width=3D"12"/> </td> <td =
style=3D"padding:0;vertical-align:top;"> <div style=3D"text-align:left;marg=
in:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Solana<=
/strong></p> <p style=3D"margin:8px 0px;"> =C2=A328.01 </p> <p style=3D"mar=
gin:0;font-size:12px;"> -7.07% </p> </div> </td> </tr> </tbody> </table> </=
a> </td> </tr> <tr> <td style=3D"padding-top:20px;"> <a href=3D"https://lin=
ks.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D8e74a7f1=
38f04ca7958c50bc26b32cfe&_e=3Du6hSPB1vk5K2bRwqtsnMJtsiWkasZ2xjBoyavDX7bHS_Y=
V8_KVvgSnUMbQeEBqpIXE_-LmgwfkdURQM8JLrhRIVMuXt77_T_mmTwAKO_wQILLRy5JTLyhUEe=
q9XnY_Vuc4Jom3OifvJLyuwnIXK8iGFGQ8cVoZN7F6YhRVPcrZ2ZwayQtjizlYd5XzDgZC01HQ9=
dARWlbvFS4CwhDGTGnL6N4xpqe6wbSlEESO7nhA02AhRow4jalZX3VVvvEw175-MuAyIDwlbwMm=
LI8VYeprgdr70OtJ8K9N-V3KtjsGdxTIjG1VZo_1H9511R4y3i0D5736w50dGIwrBvbGEbdtLcY=
9QHL8yJeXpw0vHPS2I%3D" target=3D"_blank" style=3D"text-decoration:none;colo=
r:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical-align:top=
;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrat=
ors/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/d=
own-arrow.png" style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;verti=
cal-align:top;" height=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;v=
ertical-align:top;"> <div style=3D"text-align:left;margin:0px 0px 0px 10px;=
line-height:1;"> <p style=3D"margin:0;"><strong>Dogecoin</strong></p> <p st=
yle=3D"margin:8px 0px;"> =C2=A30.05 </p> <p style=3D"margin:0;font-size:12p=
x;"> -5.77% </p> </div> </td> </tr> </tbody> </table> </a> </td> <td style=
=3D"padding-top:20px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D=
3aca56371967418192255878e9689713&_m=3D8e74a7f138f04ca7958c50bc26b32cfe&_e=
=3Du6hSPB1vk5K2bRwqtsnMJtsiWkasZ2xjBoyavDX7bHSvJ9dAlbFCvnb0guAa6s80LWiNpX0j=
9Sb1dWSONXrktIRFTrqpXEDLP16h2OEeohA5t0YGM7dprbMij2Aa9j1F4fPLoQxshFA4skQDZo6=
AetN0n-_4HFN_6EDC-Ys0Rqp-3Y-z7NV1acb2NsOI-K0AC933uK8wpRTTIZOUMds7fqu-v1CZCz=
U287kdruYP8c-2xbs0AqveAWouy-pSAOlWbDwBoVGQ7AgKqA4Dofk6qrVfy5oHzMiDWE0aKI13U=
9-tmuVrMuD5i8ImHGMkWLOhmpp3SXwmV315gDvOMmmTrcbiwFbo_4bDja7GPIjgKOc%3D" targ=
et=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody=
> <tr> <td style=3D"padding:0;vertical-align:top;"> <img src=3D"https://d15=
k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e=
-c542cff6dd6a/3aca56371967418192255878e9689713/down-arrow.png" style=3D"hei=
ght:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"1=
2" width=3D"12"/> </td> <td style=3D"padding:0;vertical-align:top;"> <div s=
tyle=3D"text-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=
=3D"margin:0;"><strong>Polkadot</strong></p> <p style=3D"margin:8px 0px;"> =
=C2=A35.55 </p> <p style=3D"margin:0;font-size:12px;"> -1.77% </p> </div> <=
/td> </tr> </tbody> </table> </a> </td> </tr> </tbody> </table> </div> <!--=
<![endif]--> <div class=3D"mobile_hide"> <table style=3D"width:100%;table-l=
ayout:fixed;margin:0;"> <tbody> <tr> <td style=3D"padding-top:40px;"> <a hr=
ef=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689=
713&_m=3D8e74a7f138f04ca7958c50bc26b32cfe&_e=3Du6hSPB1vk5K2bRwqtsnMJtsiWkas=
Z2xjBoyavDX7bHRgSkDY7ZXkTbDpU6ED2nw_UFFbc23mp3pv7XRhkTeSPKtmdbl5SR8tvcTL821=
5TWw61dZ7yEzHLRrAxWnpqPXsO9toxx97F7o199LXCnRu3b7OXrgk9cxZw6i33IlCIEMWI0cPAb=
Qc-HXTfEM7BRAKhumupOYjb_032CQIlOPjEz__MMPPo8002SNjf-AdwXJlIAYwM4qBA93CFyy7r=
KM9OAbKZMn7nmtQmwUxu2GfJtpknBBJ93n2fTQhyXRfXjelPuWUsJRYCO-1P94XwhRNgad5_Lkd=
zgiqMPf9AkINMYaPM_8qrD6yn6_s0SGyrcA%3D" target=3D"_blank" style=3D"text-dec=
oration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;v=
ertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/publ=
ic/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5637196741819=
2255878e9689713/down-arrow.png" style=3D"height:12px;width:12px;margin:2px =
0px 0px 0px;vertical-align:top;" height=3D"12" width=3D"12"/> </td> <td sty=
le=3D"padding:0;vertical-align:top;"> <div style=3D"text-align:left;margin:=
0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Bitcoin</s=
trong></p> <p style=3D"margin:8px 0px;"> =C2=A317,234.54 </p> <p style=3D"m=
argin:0;font-size:12px;"> -3.23% </p> </div> </td> </tr> </tbody> </table> =
</a> </td> <td style=3D"padding-top:40px;"> <a href=3D"https://links.coinba=
se.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D8e74a7f138f04ca79=
58c50bc26b32cfe&_e=3Du6hSPB1vk5K2bRwqtsnMJtsiWkasZ2xjBoyavDX7bHTj19XqIU2Hbs=
4b49D1p3HVcnqX7x4_IoIKaxYd1nmUFX3TDv4u_X_P0MJcMeJZ5ApTdwZOj-byLcZ8NMNO3-Ina=
K_b0_Ss_bJoJUwwSsemwZrWkhxI3HH4FExFRGADWq2nA_0WbB2I4Og2VBCTzZht2TAfAgBqTzgO=
d5K1ys2yx20CrSRhumINWIUCAKKYHhqSWi2yE36virKW6zjzOys1gNKK_TNRl5vh82vDZQv3Pmm=
W5p3_wkXMlZJyU1Xc6jN8XoDgwGOeGWbB0sWt32h-GuNqJKCKnyzSx9x6Qa8oxMF6d_yCprZ_1p=
xrPT0OB-A%3D" target=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D=
;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical-align:top;"> <img =
src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5=
713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/down-arrow=
.png" style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align=
:top;" height=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;vertical-a=
lign:top;"> <div style=3D"text-align:left;margin:0px 0px 0px 10px;line-heig=
ht:1;"> <p style=3D"margin:0;"><strong>Ethereum</strong></p> <p style=3D"ma=
rgin:8px 0px;"> =C2=A31,168.57 </p> <p style=3D"margin:0;font-size:12px;"> =
-2.24% </p> </div> </td> </tr> </tbody> </table> </a> </td> <td style=3D"pa=
dding-top:40px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca56=
371967418192255878e9689713&_m=3D8e74a7f138f04ca7958c50bc26b32cfe&_e=3Du6hSP=
B1vk5K2bRwqtsnMJtsiWkasZ2xjBoyavDX7bHTVGdKGH3QUGnFyn41URmq_EUcpwjcbYzoSB5YU=
dWQCAAtHihNstDOPDbi3bhVoT4h1IkDCx2cwBiNw03r56EoZKPkGQB_9DW22sPdKEo9sKLHWIpQ=
MAWfzqNqfIoKSHKVHe1up828a8xxBDd30pfVIUK0na9b90lno2Y_mooEaOyj3JP6dAu1EbzniQZ=
1j1EIWYMcXuXho5oYnDhT1KMAY9yALGLh2bT3TqaltI_X4LPRsQsWW2Tg24MDOR98xvD5m4p0bQ=
9kZvFVR3dcFHyF_q7WpRSsEwbxCOIZkEU2d3-gAm5PPVngvtARivMfJxDo%3D" target=3D"_b=
lank" style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <=
td style=3D"padding:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t=
6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff=
6dd6a/3aca56371967418192255878e9689713/down-arrow.png" style=3D"height:12px=
;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"12" width=
=3D"12"/> </td> <td style=3D"padding:0;vertical-align:top;"> <div style=3D"=
text-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin=
:0;"><strong>Cardano</strong></p> <p style=3D"margin:8px 0px;"> =C2=A30.35 =
</p> <p style=3D"margin:0;font-size:12px;"> -8.77% </p> </div> </td> </tr> =
</tbody> </table> </a> </td> </tr> <tr> <td style=3D"padding-top:20px;"> <a=
href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9=
689713&_m=3D8e74a7f138f04ca7958c50bc26b32cfe&_e=3Du6hSPB1vk5K2bRwqtsnMJtsiW=
kasZ2xjBoyavDX7bHT7fAjYHpbFakco5JmFpa3gklnWdjGfNGNaE5bGubj6russVMYIeMyT1cEA=
7tcgLaesfqeDYVWYaOrMZB_aL9rN3PO00I8yp0BpTxzmGD2bDBgNVmGI7xScls8BWzBLQzTr0ja=
koTnsZrjGPabZtICqBgqqQCY0fSoSrLdgCKCgWGtLj7J3Yag34gY6idtcgnD8Y8lPFLaBfSVuO-=
u8FEskWy8GeIKXNaJafxaPtra5qf40I5GoNx66G6aTN_6cqUcGPJdy7FoBGDwEuzuYmWh8ydJUZ=
BwBqRhsCNtoWbPIMO-kLKy4o-8CUX9c7fHlJnE%3D" target=3D"_blank" style=3D"text-=
decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:=
0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/p=
ublic/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5637196741=
8192255878e9689713/down-arrow.png" style=3D"height:12px;width:12px;margin:2=
px 0px 0px 0px;vertical-align:top;" height=3D"12" width=3D"12"/> </td> <td =
style=3D"padding:0;vertical-align:top;"> <div style=3D"text-align:left;marg=
in:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Solana<=
/strong></p> <p style=3D"margin:8px 0px;"> =C2=A328.01 </p> <p style=3D"mar=
gin:0;font-size:12px;"> -7.07% </p> </div> </td> </tr> </tbody> </table> </=
a> </td> <td style=3D"padding-top:20px;"> <a href=3D"https://links.coinbase=
.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D8e74a7f138f04ca7958=
c50bc26b32cfe&_e=3Du6hSPB1vk5K2bRwqtsnMJtsiWkasZ2xjBoyavDX7bHS_YV8_KVvgSnUM=
bQeEBqpIXE_-LmgwfkdURQM8JLrhRIVMuXt77_T_mmTwAKO_wQILLRy5JTLyhUEeq9XnY_Vuc4J=
om3OifvJLyuwnIXK8iGFGQ8cVoZN7F6YhRVPcrZ2ZwayQtjizlYd5XzDgZC01Hx1vl9bK1Bgn4_=
UC7_UT3rqX2KNhawV-hzIs4sO1f_IMS5JK0aJu2pZyPHI55kYyjCiKolM3aA0lmDg9NFz7qlWJI=
h2Be-6zCjBpDfPSTjYYZzIZaBKC3IlsG-tKU2kmfX1RiopYgqYNYtmnSkfQRmFTL6mK_v0fLH78=
V8tp8z0%3D" target=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"=
> <table> <tbody> <tr> <td style=3D"padding:0;vertical-align:top;"> <img sr=
c=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d571=
3-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/down-arrow.p=
ng" style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:t=
op;" height=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;vertical-ali=
gn:top;"> <div style=3D"text-align:left;margin:0px 0px 0px 10px;line-height=
:1;"> <p style=3D"margin:0;"><strong>Dogecoin</strong></p> <p style=3D"marg=
in:8px 0px;"> =C2=A30.05 </p> <p style=3D"margin:0;font-size:12px;"> -5.77%=
</p> </div> </td> </tr> </tbody> </table> </a> </td> <td style=3D"padding-=
top:20px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967=
418192255878e9689713&_m=3D8e74a7f138f04ca7958c50bc26b32cfe&_e=3Du6hSPB1vk5K=
2bRwqtsnMJtsiWkasZ2xjBoyavDX7bHSvJ9dAlbFCvnb0guAa6s80LWiNpX0j9Sb1dWSONXrktI=
RFTrqpXEDLP16h2OEeohA5t0YGM7dprbMij2Aa9j1F4fPLoQxshFA4skQDZo6AetN0n-_4HFN_6=
EDC-Ys0Rqp-3Y-z7NV1acb2NsOI-K0A3L8gFkeQ1EnWbAt9FmkNZ8DscNXx49UURta2ee5tbn0u=
rurOksoHMwuHc7_UqsmyHWX2W3Yj6s1Be9Xt2kNn7nkbiU4XVY8ZDRvZI2fXiQdzg381dGfO6HS=
_onCbC5RNIRCtlCTIcNrIt4zVLxlmWoVY7QB-ryLD9IjC0t0Nnvk%3D" target=3D"_blank" =
style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td sty=
le=3D"padding:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cl=
oudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/=
3aca56371967418192255878e9689713/down-arrow.png" style=3D"height:12px;width=
:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"12" width=3D"12=
"/> </td> <td style=3D"padding:0;vertical-align:top;"> <div style=3D"text-a=
lign:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><=
strong>Polkadot</strong></p> <p style=3D"margin:8px 0px;"> =C2=A35.55 </p> =
<p style=3D"margin:0;font-size:12px;"> -1.77% </p> </div> </td> </tr> </tbo=
dy> </table> </a> </td> </tr> </tbody> </table> </div> <p style=3D"margin: =
20px 0px 0px; line-height: 1.5; word-break: break-word; color: rgb(91, 97, =
110); font-size: 12px;">Price changes are for the past week, ending on Oct =
12, 2022 at 07:38 PM UTC</p> <div class=3D"cta_button" style=3D"margin: 24p=
x 0px 0px; padding: 0px; width: 50%;"><!--[if mso]><table width=3D"100%" ce=
llpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"border-spacing:0;bo=
rder-collapse:collapse;mso-table-lspace:0pt;mso-table-rspace:0pt;"><tr><td =
style=3D"padding:0;" align=3D"left"> <v:roundrect xmlns:v=3D"urn:schemas-mi=
crosoft-com:vml" xmlns:w=3D"urn:schemas-microsoft-com:office:word" href=3D"=
www.coinbase.com/price" style=3D"width:350pt;v-text-anchor:middle;" arcsize=
=3D"17%" stroke=3D"false" fillcolor=3D"#0052ff"> <w:anchorlock/><v:textbox =
inset=3D"0,0,0,0"><center style=3D"font-family: Helvetica Neue, Helvetica, =
Arial, sans-serif;"><![endif]--><a href=3D"www.coinbase.com/price" target=
=3D"_blank" rel=3D"noopener noreferrer" style=3D"display: block; margin: 0p=
x; 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-a=
lign: center; padding: 18px 0px;"><strong>See the latest prices</strong></a=
><!--[if mso]></center></v:textbox></v:roundrect></td></tr></table><![endif=
]--></div> <table width=3D"100%" role=3D"presentation" valign=3D"top" style=
=3D"table-layout: fixed; vertical-align: top; border-spacing: 0px; border-c=
ollapse: collapse; min-width: 100%; text-size-adjust: 100%;"> <tbody> <tr s=
tyle=3D"vertical-align: top;"> <td valign=3D"top" style=3D"word-break: brea=
k-word; vertical-align: top; min-width: 100%; text-size-adjust: 100%; paddi=
ng: 48px 0px;"><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" widt=
h=3D"100%" align=3D"center" role=3D"presentation" valign=3D"top" style=3D"t=
able-layout: fixed; vertical-align: top; border-spacing: 0px; border-collap=
se: collapse; border-top: 2px solid rgb(222, 224, 226); width: 100%;"> <tbo=
dy> <tr style=3D"vertical-align: top;"> <td valign=3D"top" style=3D"word-br=
eak: break-word; vertical-align: top; text-size-adjust: 100%;"><span></span=
></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <div> <table st=
yle=3D"margin: 0px; padding: 0px;"> <tbody> <tr> <td style=3D"margin: 0px; =
padding-right: 11px; vertical-align: middle;"><img src=3D"https://d15k2d11r=
6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542c=
ff6dd6a/3aca56371967418192255878e9689713/dot-1.5x.png" width=3D"12" height=
=3D"12" style=3D"display: block; width: 12px; height: 12px;"></td> <td styl=
e=3D"margin: 0px; padding: 0px; vertical-align: middle;"><p style=3D"margin=
: 0px; font-size: 16px; letter-spacing: 0.075em;"><strong> MARKET UPDATE </=
strong></p></td> </tr> </tbody> </table> <p style=3D"margin: 5px 0px 0px; f=
ont-size: 32px; line-height: 1.26; word-break: break-word;"><strong>3 key c=
rypto storylines to watch this week</strong></p> </div> <p style=3D"margin:=
16px 0px 0px; line-height: 1.6; word-break: break-word;">Lots of developme=
nts throughout the cryptoverse this week =E2=80=94 let=E2=80=99s jump right=
in. Global markets are especially jittery ahead of Thursday=E2=80=99s Cons=
umer Price Index (CPI) report, which will provide the latest data on U.S. i=
nflation and set the stage for the Federal Reserve=E2=80=99s November rate-=
hike plans. Meanwhile, the European Union advanced significant crypto legis=
lation, and Ethereum just hit a major milestone. So, how is this all impact=
ing the crypto market? Let=E2=80=99s dig in.</p> <p style=3D"margin: 16px 0=
px 0px; line-height: 1.6; word-break: break-word;"><strong>Bitcoin and the =
S&P 500 have shed roughly 3% since Friday due to anxieties about Septem=
ber=E2=80=99s relatively strong job growth, tomorrow=E2=80=99s inflation re=
port, and the Fed=E2=80=99s response.</strong></p> <!--[if mso]><ul style=
=3D"line-height:1.6;mso-line-height-alt:26px;"><![endif]--><!--[if !mso]><!=
-- --><ul style=3D"margin: 10px 0px 0px; padding-left: 24px; line-height: 1=
.6;"><!--<![endif]--> <li style=3D"margin: 0px; padding: 6px 0px;">Hiring i=
s something the Fed is trying to slow, alongside spending and investing, in=
an effort to combat inflation. The U.S. economy <a href=3D"https://links.c=
oinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D8e74a7f138f0=
4ca7958c50bc26b32cfe&_e=3Du6hSPB1vk5K2bRwqtsnMJlO-nZdP4xTBidP4sYqfVWqF5KaVL=
QRW08D8xWmWUvveiZQEfVl9MEeVVkkmKMG6RLB1YgnY9KfJwsf2KAReXx0FyjpFmciMgZd-NZvF=
_2J_ZgeCqpigKrtSWbX6Hg-hXjbjfaxuXT5HTnzw93-Hva_BlYbtns_MhLqg28swYG3nAzhFNke=
KX9rp8YYcVwc5fTDHg2VN_x45ZOXajXwqwLkqtLCPZOT1WzH95T6XcuKbD0yYlDFlUo6W3aV9pi=
Qn_ghXFflnKy1NftP0Z3JAuE2jbeevwgMKyoQ5nUd0M0skevOSTpifRfCsZIfWzc9-AmYt2pRsK=
vnW6utXS9XFdSWxTDpiss8D6D-KSXSblH-WFCybargir2ktUNE7JfXAU7sabHA1l57JO_LEjtUt=
84MP-wHX8s7Li1kxz-Nzk9axMl0Ty_jSQKBdZ5OYOV40f93aITs_8gkCm4VpvwNOdViELo16oXk=
UE9lS1OiQDrTGUhpIn7_R6cO5vjbsb6Ty2-pfbXELjtIoVaDupu27iNZxp1hngnWf3zW4omwnT9=
a1GrxgXo5uAqvONbScDi-VfK7NO60U0Go74h8xRu96_kcidUmZhlJW522xg03SRiC9" target=
=3D"_blank" rel=3D"noopener noreferrer">added</a> 263,000 jobs in September=
(down from August=E2=80=99s 315,000), but The Wall Street Journal <a href=
=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e968971=
3&_m=3D8e74a7f138f04ca7958c50bc26b32cfe&_e=3Du6hSPB1vk5K2bRwqtsnMJvzxROW_AO=
P4Isj0U2LYv7eNNSjbORIdZof0zyT5WLoKA6Y6IjCmcbzMMTFBO0feBN1Y5Yp1rUWELESJ4MC3N=
IbHbRvYGjHhKj4zpudwzwMuD2q8G5dg8s7w28hrmY0t0wpJH_jjmHacUGKHSkZOCJcQlUMxEB6D=
482rD4CKLbL1WwcagvvvcXDm7Qb9RTqbbgdzBGGeXoEl6bJh7YejC-_6eSrxY7KKQ_ZoLnldlMT=
G41jiXtSNwkYa8uvx0r1FlXXKqDBSCMLudzHvQ4_ROSLhb1cpeWJKib5vDKWgBeNuUSe1EBRLf7=
8bQlNa-T9KqzBdvJ8AYeo0fCeYccpuLZXVwcDz5NvyrYIamlMmrKyIWXomPg1y_lJzJETu6Gxph=
4p0twLa4Tdwg_1B6wOcEXE%3D" target=3D"_blank" rel=3D"noopener noreferrer">no=
tes</a> that decrease is likely not low enough to prevent the Fed from impl=
ementing its fourth consecutive rate-hike, a move that pressures crypto and=
stocks.</li> <li style=3D"margin: 0px; padding: 6px 0px;">Meanwhile, in a =
Monday <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637196741819=
2255878e9689713&_m=3D8e74a7f138f04ca7958c50bc26b32cfe&_e=3Du6hSPB1vk5K2bRwq=
tsnMJngezuTlWFUD-9ncYABHhr0RSG2r_I3VSo3fgw9KdPnHhGNQWAMTKxv5Mq31fFIMgRBzJVX=
Iucjas3lA53DXM82lajpSRYNHYOLIJcVME4x35z0fcIKaCXyCYlfG3HKaGAER254nvk4b6i4-9d=
b9SJAmjyOeovVfdbJ5LXrA-mM5waYqG1Gw77aVff0-GvYmGMhvV1-JIWi0BgMlf_HJ7XlmwGw4G=
FTi5ubGs_Ol3X9lJPaA0D97OhhstDMBiFzA7bpWZTrL-J5Mmav2VYjOpDTgLu_uZeZdAqpVGyE_=
yzd7XBY01YPlK2Kuqt5tpopCTmm6DJukXw-p_FNF4-3i0IouShmtsBXaBeNY2DF7YZy2" targe=
t=3D"_blank" rel=3D"noopener noreferrer">speech</a>, Fed Vice Chair Lael Br=
ainard reiterated the central bank=E2=80=99s position: =E2=80=9CMonetary po=
licy will be restrictive for some time.=E2=80=9D</li> <li style=3D"margin: =
0px; padding: 6px 0px;">All eyes are now on September=E2=80=99s CPI report,=
dropping Thursday. If it shows inflation remains north of 8%, near four-de=
cade highs, some analysts believe another 0.75% rate hike is likely a certa=
inty. (Economists surveyed by the Dow Jones <a href=3D"https://links.coinba=
se.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D8e74a7f138f04ca79=
58c50bc26b32cfe&_e=3Du6hSPB1vk5K2bRwqtsnMJkEkSXw1xX8mKtuQ5NLFewmWP_NNi3mSHv=
3MGOeKMqz9un4sF8mqJfVZSlULgfQdAdfr6L3VxWoRqk-Pvpa8OzO5gEhQ3Ct-FLTCVwgxJiLD8=
O_BMQ9FqoLyKGG-wcrQ6df2D7WHBlGvXwNbqpIgoCHeAp1k1Q7Z84MvQ6BgavGoe7uLmxkw9hsd=
TX27OPFISlijYuzBSlroplhOdjBLOcQY6s6lkfGtelEGPSgOLur_1BI_SOB9IB2WPsHZTUJq8Do=
8pV-LnhyXtehnY8SL1vaQdE6Su10qAu2uYvxcwiVRTQ7lwoFiwo2t6y7mqYDy73Vbn5vKa_rqMO=
iDetArVju1di_Nq83dGhRAi-jzrpJ4Enxs1ikf0R16Oj-Jk0XNqDvc39L3vRrjxtvtrMuJZy3Kx=
eNh0YyDRM9Wo0oryd4t" target=3D"_blank" rel=3D"noopener noreferrer">expect</=
a> an 8.1% annual increase.) </li> <li style=3D"margin: 0px; padding: =
6px 0px;">As one analyst put it on CNBC: =E2=80=9CThere seems to be some ji=
tters and derisking across all markets as we approach Thursday=E2=80=99s CP=
I release. Bitcoin is moving closely with equities.=E2=80=9D</li> </ul> <p =
style=3D"margin: 0px; padding: 0px;"></p> <p style=3D"margin: 16px 0px 0px;=
line-height: 1.6; word-break: break-word;"><strong>On Monday, European Uni=
on lawmakers advanced landmark legislation that would regulate digital asse=
ts across the EU.</strong></p> <!--[if mso]><ul style=3D"line-height:1.6;ms=
o-line-height-alt:26px;"><![endif]--><!--[if !mso]><!-- --><ul style=3D"mar=
gin: 10px 0px 0px; padding-left: 24px; line-height: 1.6;"><!--<![endif]--> =
<li style=3D"margin: 0px; padding: 6px 0px;">The Markets in Crypto Assets (=
MiCA) <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192=
255878e9689713&_m=3D8e74a7f138f04ca7958c50bc26b32cfe&_e=3Du6hSPB1vk5K2bRwqt=
snMJncXklkaEZ8Cq1PfnRiDc4jIg9JJ8_wbQZCdmFwz4MKbLVpy725lHzj4CD0lbwiNknBWL3H9=
-PQON-auFRjSjv1qdgPEbfVtXTJTbbdHxdECnk5oghKP0acGRmT_IZTt3fy6wE1DCeqcPWhgPOv=
CCJFvL_4X6kuuYCECm_oo-D4q_3Z5CMVQeTuNLyE75DGv586SsndjNOAJIjMgT7G7yGJcYsh9Ll=
COyQ88DwNXIdR0nduH1PYIakQAeHir229o9aanmfZpcGhTCnMyzC1g-YeunN90Q_KPpJxPPvx84=
bAcw0hIJzVeuCBnlmYU-Q_t_o4wzZhnSk-0g7o31s8xe8I1-Wo_8Gt-evY4ftGsIWRa-10KnA0H=
Yj00xiskM_KEnKZBGl6LAKdxs4CsYalrh-8%3D" target=3D"_blank" rel=3D"noopener n=
oreferrer">regulation</a> is a legal framework that <a href=3D"https://link=
s.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D8e74a7f13=
8f04ca7958c50bc26b32cfe&_e=3Du6hSPB1vk5K2bRwqtsnMJncXklkaEZ8Cq1PfnRiDc4iFXy=
rupmkTiLCau9eAucBEuvtPlvPHXjwSKTV-1ortG-6hcHTGIGT-NYzNN2teY50JImxjHCYPdR40c=
zr2I1qzDetlAAJFU5kFaXl0ZU30NeWwwg8EVZ4lucUTVjsW5lARFklG4K1jC1Kvv5WNCwEy3ftE=
ed2j7ec_mCOBO214SX_vdvH7gikmKl8ykVlV9EYrUb8M9H-yM25k_7T_5FRptscA9BROsPnnyPZ=
f2KjkjmR59lUBCYe4c1-X4ujZ2NvuWoKXJeKRstOnhgcRXZKfoplTI_bac0OF_xNzR8CChjHOMZ=
8xHZ6uMBLJUUmoT-Kz47lKg0KrcfdAoFMiX6E7aTgSFLksx8oRq0NsBL8x7YCdm01ZwWQI7pZvf=
Y59u84D2x1pgzyIV67yjrqSUQoY" target=3D"_blank" rel=3D"noopener noreferrer">=
outlines</a> how providers of crypto services, assets, and wallets can regi=
ster with authorities and market themselves across the EU.</li> <li style=
=3D"margin: 0px; padding: 6px 0px;">Among the bill=E2=80=99s rules: Crypto =
issuers must publish whitepapers with project information to obtain licensi=
ng; stablecoins must have sufficient capital to maintain pegs, while non-eu=
ro denominated stablecoins face restrictions on total transaction volumes; =
and crypto miners would need to disclose energy consumption. &nb=
sp;</li> <li style=3D"margin: 0px; padding: 6px 0px;">Much of the crypto in=
dustry has <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563719674=
18192255878e9689713&_m=3D8e74a7f138f04ca7958c50bc26b32cfe&_e=3Du6hSPB1vk5K2=
bRwqtsnMJncXklkaEZ8Cq1PfnRiDc4iFXyrupmkTiLCau9eAucBEnfonolUs_d3hs3kKNykUsDp=
12BJ75iMT5lHs2FIyWL7ImmdcD6ghdatxhoCn0ACiuhaWpzHokqu8uWwJXtZvFoYfYBVLKYSCGh=
1Rs0u7aU9p1RmH9sGa6frQ7qOXdNyE1-pvNe9Xmz9C85Wg-8o4eD9d9lz22MA3AdudY7R-g5dVa=
hAe3KNwF3FZjuPFQ_2dJNjeRhpSnhPuMJximXkNHXCwx-eaWCuUDXUzObbOMxrVR07Wgl1WFg6s=
RoHTYLul_RWR40kyiCWDIXGj6oUQbvEQB-o8T7m5pl_m8YqbS8SHllfJtRF0mlyxrT1Y4r-7xtH=
oU69ouUMWZEMGiRYSX9QJeW1xDprt1-UUDnkjurWCU0J1UBDvBIxk4DxBEtYn" target=3D"_b=
lank" rel=3D"noopener noreferrer">cautiously welcomed</a> the regulatory de=
velopment, which would create a consistent regulatory regime for crypto thr=
oughout the EU=E2=80=99s 27 member countries.</li> </ul> <p style=3D"margin=
: 0px; padding: 0px;"></p> <p style=3D"margin: 16px 0px 0px; line-height: 1=
.6; word-break: break-word;"><strong>Ethereum reached a post-Merge mileston=
e this week, becoming deflationary for the first time since the blockchain =
transitioned to Proof-of-Stake.</strong></p> <!--[if mso]><ul style=3D"line=
-height:1.6;mso-line-height-alt:26px;"><![endif]--><!--[if !mso]><!-- --><u=
l style=3D"margin: 10px 0px 0px; padding-left: 24px; line-height: 1.6;"><!-=
-<![endif]--> <li style=3D"margin: 0px; padding: 6px 0px;">This is because =
more ETH was <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196=
7418192255878e9689713&_m=3D8e74a7f138f04ca7958c50bc26b32cfe&_e=3Du6hSPB1vk5=
K2bRwqtsnMJt72TEcIjdQ2OGd2dNEhbUwxs0cv1fQEzQU2bbS-6gZhZSBYkeCSUUM77oAWc9HY9=
hfSHIB3pbZ35PxVklE5_FKK1DqaLdcQip9Fz0BM4VLul-lvZ3MjCjGTiDL8huRf0hTOda4dny2G=
CjQmxMZroy-R4htucbnqyo2p13x6w33DQC5q7UEtLtbAue0bvqpHfT0pAHKXkw3Ssczi7oVDMOD=
Q5VCMDDiRk9aG1EcEgh585pV-cbJU0L-VMpRaYhFp5CiSjCIL9IubJFeNrP2lpTTVrlBmez72pl=
o8VoIhmcvAWuzTdizQDEfRiB08VrBF-lZtDEuZa8mT5gRdMuR2GbOwmgGAawIiBJb7P2ASkYwY"=
target=3D"_blank" rel=3D"noopener noreferrer">burned</a> while verifying t=
ransactions than was created in the same time period, leading to a =E2=80=
=930.13% supply reduction (about 4,000 tokens) over the last week. Since th=
e Merge, the rate of new ETH creation has dropped nearly <a href=3D"https:/=
/links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D8e74=
a7f138f04ca7958c50bc26b32cfe&_e=3Du6hSPB1vk5K2bRwqtsnMJszhGpxwOGsr6FiXRZhrW=
p0rv8guBx-rthUwhCnbsiwAW9_WPsEz9nHGM4YDnyHY_h21InO4vT1K9KsHVNxzi-jmlqnNtR-w=
AC8IFW-7FzebEueSsUAEUa-Onp9aE2-2hKwv2w-X-GKSjZejLLAnjSXGYWNhjKdrdZZt5gYyrZr=
8TEWJdLjn9ThRyoMhLAhY3lrypn3forZkmPDt0pCEsCAqEQjPqsad9BgefoRUsX1eGmUJlTSGJ-=
2ocsPjtV84WHemJL51MGpheKM2SeSsgmAQttWMnKZRUnquwhEVl7-WyT5O4cIo_Pvrr3aeR5Qmq=
7Awr7gkV79qpO6oWhkQ4N0%3D" target=3D"_blank" rel=3D"noopener noreferrer">90=
%</a>.</li> <li style=3D"margin: 0px; padding: 6px 0px;">Despite theories t=
hat a drop in ETH supply would correspond with higher prices (assuming dema=
nd remains constant), ETH=E2=80=99s price has dropped roughly 4% over the l=
ast week.</li> <li style=3D"margin: 0px; padding: 6px 0px;">An ETH-based to=
ken project called XEN prompted Ethereum=E2=80=99s deflationary burn rate t=
his weekend when it drove a massive spike in network traffic that also caus=
ed ETH=E2=80=99s burn rate to increase. XEN subsequently <a href=3D"https:/=
/links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D8e74=
a7f138f04ca7958c50bc26b32cfe&_e=3Du6hSPB1vk5K2bRwqtsnMJmK5snvDwzsaYeh36NHUg=
fTe1CZtFs7Y8To1jBx34eek2Q-Q4VKithK9snPPYgcEcYyXNXNPdcE5b1trI_q43X40fF4tEAjy=
5ZCQTuW7wwaRdCgaakyhMdPgR1HMSlrPdEgItsTfA6AdLAJvDb0LNfC0f8A1cNnMpxl0iFek0D6=
cjDRmmAo1dAZssH5wDKvHu0_cSzQEIPNviuWZ5qQfjVezzg5KhVdPDx3S_3FSqHfHrQz_U3xcyg=
eAUDgvs2ho7ELQMU-cuNIlZDUOh1SuwAKy8srJLriISzpp1n4RJ4jpYduH23A6xegNNdVv49m33=
XsDue2WW2YSZKPeNi6uf5y0PcuiFVvl_ZN1zttkTVxq69asuKyAaKl1ldTJf15r3Q%3D%3D" ta=
rget=3D"_blank" rel=3D"noopener noreferrer">raised some eyebrows</a> on Cry=
pto Twitter, leading some observers to <a href=3D"https://links.coinbase.co=
m/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D8e74a7f138f04ca7958c50=
bc26b32cfe&_e=3Du6hSPB1vk5K2bRwqtsnMJrBzYKImJEyldNhXuOFTLdMyb-Hyk8xph8z8biL=
d3Sl8sAAcg5QaYA448kD_1-ynbOvH2zs5eKA9H5GQOT_gf-MbwCU8c4ufGVYBg9qWWhChfFx4HN=
cOK9xXecHKIhG-qHEMLeF8WMAVF-88-l7c4GQ-5f0v34tQBaDlhOPWhZcmM92NiVvSFZh3AIxML=
PIxSDnXfhN2KSYa1PG4No9LcMzPTo-rmUiRLKm5ok1OPm7rLMUqZpJSByDiPUMXppTUoMK0dJ3t=
3lLSHKOQBJIQcg8MbGqfsgONmTBKgroEBFDxMIDNoqhnmItBIVFqen6Taojo2Ex-sSHiSt3OuRB=
zfZn_QFCIs9rfOJLv6lh0EbOLSASpwpCCultjj12Z9siIow%3D%3D" target=3D"_blank" re=
l=3D"noopener noreferrer">question</a> the project=E2=80=99s economics.</li=
> </ul> <p style=3D"margin: 0px; padding: 0px;"></p> <p style=3D"margin: 16=
px 0px 0px; line-height: 1.6; word-break: break-word;"><strong>The big pict=
ure=E2=80=A6</strong> Hovering behind the uncertainty regarding Thursday=E2=
=80=99s CPI report is a larger macro question for crypto: will it remain co=
rrelated to the stock market, especially as the risk of recession looms? (T=
his week J.P. Morgan CEO Jamie Dimon said he <a href=3D"https://links.coinb=
ase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D8e74a7f138f04ca7=
958c50bc26b32cfe&_e=3Du6hSPB1vk5K2bRwqtsnMJkEkSXw1xX8mKtuQ5NLFewklgK12iwRMJ=
mXLhF19qhtP8s0xMa0uk4hikmX3F3uOC1qp45z8_pp1f6w9-VUtzJaMq5PErsLbzjRixjOFjlWV=
v8kOiOt08SKkZBTMW0UENHa8qjU7qQFj8TERb_mnf7XYe3_VrrSTMw6JE5qpNKI39xLmtq_CyDk=
LaAgaWJYBTTj7pE949csqTu7f62nfQN1P6hLk7Ta91AyokL6SV_Ag4TGMpVMKder5kgH8f1IRb-=
SG0bhVBvR6nl1Sd5Z4kwpjYdcBIBny9T0KtckG_fOFs_w47wzjkxl1Y4im_T-gT7Zmfl6LQrKLp=
DJKFq6QXhqIkXDxvo70Qiy6Ia81VzIC3Ic1GQFvbuh0yxF_tu_ZvOeX4zuEhc3G_laq54UmxWk%=
3D" target=3D"_blank" rel=3D"noopener noreferrer">thinks</a> we=E2=80=99re =
still six-to-nine months away from the worst of it.) In recent weeks, the c=
rypto-stock correlation has <a href=3D"https://links.coinbase.com/u/click?_=
t=3D3aca56371967418192255878e9689713&_m=3D8e74a7f138f04ca7958c50bc26b32cfe&=
_e=3Du6hSPB1vk5K2bRwqtsnMJkEkSXw1xX8mKtuQ5NLFewlicOGHZaHiGAXlr8eEsHd6bMjoQt=
68A_PU8dPoa5tDMzdCmsYjVJTDV-KbEsWr8AUfzmKXxlBeqQFmQQ_X4HC154PMoo6h4PyDS1iwk=
V7q4No2PMOVtb1jqOOYXWnc8iuSM4l9B6ZRBR0-JhW5KD08JM7OYphUE1Bzi7G3cE_qcp5szmGt=
9Jr6P6aP1K4ZUukGWrqNt6UknLC-kFB8IjgeGK4y3K2KMH74rlSWJvOkWVLUneXPhfXyx1UWj9w=
m7tGplIKeqGBRPXY8sWBQ2FuDbbU0quC4I-jHTmt1rLLH7hznTLPu2L-BigxmozPqypo2NGud5S=
IV6cEvHtERHd1KW5aGrF5BPg_hEVIE4EJmodEmd0ZOfSFzlWJOi9LWKzmBx1hE5K2USOlSAqlf9=
rFs" target=3D"_blank" rel=3D"noopener noreferrer">weakened</a> somewhat, b=
ut still remains positive. At the same time, crypto volatility has been rel=
atively subdued for the last month (BTC has mostly remained in the $19,000 =
to $20,000 range) compared to the Dow Jones and S&P 500, which had thei=
r worst month since March 2020. So, will the two markets continue to move i=
n lockstep or diverge? Only time will tell.</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=3D8e74a7f138f04ca7958c50bc26b32cfe&_e=3Du6hSPB1vk5K2bRw=
qtsnMJt72TEcIjdQ2OGd2dNEhbUwnDFDWFaCO0PNEVW09310U_NefogB1krWGQkkBX4KUFXPV12=
yKoOXzcLJc4XLJx_B3fUTU5J27HRfVvzkf8Ugm8uksmALBy_FzwtlXs1sWu7gmwvGpfa5omGGuG=
0qs5AQmTXkaP0B-a96nFsn4ko7xAkjLDjI6RzJ3__Cl-OAJQhxvg5kS4zWwvGa7KM92-ruSbHq5=
ajmUjPrV1Hrw4ylP6vUvhVicGMCT3ayWI3Hs0hu9SpeeYq89qd2CMheIsiIts_qNDP-me-hIP28=
bLtHvrKe5JPkF5zrv5rK_w2AyvYu7QwUs2FwuXDhPPPh2QyswqyOU59maDe58AcsDr0I13nqE4b=
D79z8hTc0-TH437A6BjMEi_Qmm-0AXY34UekE%3D" style=3D"width:350pt;v-text-ancho=
r:middle;" arcsize=3D"17%" stroke=3D"false" fillcolor=3D"#0052ff"> <w:ancho=
rlock/><v:textbox inset=3D"0,0,0,0"><center style=3D"font-family: Helvetica=
Neue, Helvetica, Arial, sans-serif;"><![endif]--><a href=3D"https://links.=
coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D8e74a7f138f=
04ca7958c50bc26b32cfe&_e=3Du6hSPB1vk5K2bRwqtsnMJt72TEcIjdQ2OGd2dNEhbUwnDFDW=
FaCO0PNEVW09310U_NefogB1krWGQkkBX4KUFXPV12yKoOXzcLJc4XLJx_B3fUTU5J27HRfVvzk=
f8Ugm8uksmALBy_FzwtlXs1sWu7gmwvGpfa5omGGuG0qs5AQmTXkaP0B-a96nFsn4ko7xAkjLDj=
I6RzJ3__Cl-OAJQhxvg5kS4zWwvGa7KM92-rtVvDc0fw81wzxhVRwTqc6UmnQYTpyAxgUBeuR6a=
qh0L1JZ3DqKj8mOoN681IMvXUT_eELDpFdcPtJy2sku8w_H2j31MyMsDjtQSbINRJ8wgYqBR5vT=
Re3j12WM6ftZf95Ph8aHwFhQQ2Hf7XPfDKS5UCDVOe2HuqiVss9a9UtOLu1DWkj3-Fhn2m8nE8Y=
fSrQ%3D" target=3D"_blank" rel=3D"noopener noreferrer" style=3D"display: bl=
ock; margin: 0px; line-height: 1.2; font-size: 16px; text-decoration: none;=
color: rgb(255, 255, 255); background-color: rgb(0, 82, 255); border-radiu=
s: 30px; text-align: center; padding: 18px 0px;"><strong>Learn to manage do=
wn cycles</strong></a><!--[if mso]></center></v:textbox></v:roundrect></td>=
</tr></table><![endif]--></div> <a href=3D"https://links.coinbase.com/a/cli=
ck?_t=3D3aca56371967418192255878e9689713&_m=3D8e74a7f138f04ca7958c50bc26b32=
cfe&_e=3D77y6aB-wyz5ss6RcrKz_rCH-dNdQLy-nu80Aw3B_r-M5LKpKQeaLuyzDX_tgTi8-LC=
XXa2MtuFQ6GiNr9mww2XA7pjwclP-n8wK_4xWjNSIq3ZUwrIXG-iRxhXOB3z7XnHv9u9Ohnhcay=
dPKtGdE2ECXHTm2OO1wzFx1CDF1byeZApLe_AAWUNlEhEpHcgCPsqvelXusGRRvdjA-kgVqxmEt=
l1qkE5lkvsx_F7vxHqcRPikOj6Uo2uBUddJC8Mtg4jH8JaGXG-mGk3v-0rGbickp9ppZERWw8T4=
Ilr9JYOAWpBBdeFP5UWWkEO8-ULTjVzLiIy_k1jB2UEzxasgWiml-KXqVYREKL2mBvCN345Q%3D=
" target=3D"_blank" rel=3D"noopener noreferrer"><!--[if !mso]><!-- --><div =
class=3D"desktop_hide" style=3D"display: none; max-height: 0px; overflow: h=
idden;"><img src=3D"https://images.ctfassets.net/q5ulk4bp65r7/4teCjcLjem1ni=
Yca1gZAL2/7d35fb7498879e1bbb5eb8ec8946e948/coinbase_bytes_recurringbuys_650=
x360px.jpg" width=3D"100%" style=3D"display: block; width: 100%; margin: 64=
px 0px;"></div><!--<![endif]--> <div class=3D"mobile_hide"><img src=3D"http=
s://images.ctfassets.net/q5ulk4bp65r7/5VsknV0vDAHtkTR76kCkdB/005d7f399fa55e=
57d50380f5ab05855d/coinbase_bytes_recurringbuys_1060x408px.jpg" width=3D"10=
0%" style=3D"display: block; width: 100%; margin: 64px 0px;"></div> </a> <d=
iv style=3D"margin-bottom: 16px;"> <table style=3D"margin: 0px; padding: 0p=
x;"> <tbody> <tr> <td style=3D"margin: 0px; padding-right: 11px; vertical-a=
lign: middle;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/use=
rs/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5637196741819225587=
8e9689713/dot-1.5x.png" width=3D"12" height=3D"12" style=3D"display: block;=
width: 12px; height: 12px;"></td> <td style=3D"margin: 0px; padding: 0px; =
vertical-align: middle;"><p style=3D"margin: 0px; font-size: 16px; letter-s=
pacing: 0.075em;"><strong> NUMBERS TO KNOW </strong></p></td> </tr> </tbody=
> </table> </div> <p style=3D"margin: 16px 0px 0px; font-size: 32px;"><stro=
ng>35.6 trillion</strong></p> <p style=3D"margin: 4px 0px 0px; line-height:=
1.6; word-break: break-word;">Number of hashes required to mine one Bitcoi=
n as of Monday, an all-time high for mining difficulty on the network. (Min=
ing difficulty represents how many guesses a miner will need to make to sol=
ve the time-consuming math puzzles that will earn it the right to add a new=
block of transactions to the chain.) Monday=E2=80=99s <a href=3D"https://l=
inks.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D8e74a7=
f138f04ca7958c50bc26b32cfe&_e=3Du6hSPB1vk5K2bRwqtsnMJmFyqxqs3QEMBqAy93GrULo=
UbG0-npai4ZnmBrOcYoykkupGJRW0tQaAfEqVq6M3z4Sp6eTAVC6h063nHeCQmqjWV8ueGvyl9d=
DibEXdtj44OMfnj01cixW2E5jF3Bd8cyYftIQzEJFaIsTAYAg8Bwye5WaY7bi_F-YzhEH2UT_UH=
9wcvgYvIw2uveOCiMVpkN8Lsgteae3AEp8eWBKZ06Cu_zwLQmcy_9i1ng2wsdXVfbWxgP3vFvb6=
wkkTCcMW223feKqFf_YryUMJBk-Bo2rMgkWaDflr4augmB-6Rnsg_Yg2PKPi1R8d2WSBL51M9IA=
zF-gJ_m5OEOJdt_Jrfq-UwdWIiuSacaNm3KOIcwoITShZdwTgVLJndtZ568VPFw%3D%3D" targ=
et=3D"_blank" rel=3D"noopener noreferrer">difficulty hike</a>, which marked=
a steep increase of 14% since the last measure, was the latest bad news fo=
r Bitcoin miners, who have seen their revenue plummet this year amid the cr=
ypto bear market.</p> <p style=3D"margin: 16px 0px 0px; font-size: 32px;"><=
strong>$570 million </strong></p> <p style=3D"margin: 4px 0px 0px; lin=
e-height: 1.6; word-break: break-word;">Amount of Binance Coin (BNB) taken =
last week during the <a href=3D"https://links.coinbase.com/u/click?_t=3D3ac=
a56371967418192255878e9689713&_m=3D8e74a7f138f04ca7958c50bc26b32cfe&_e=3Du6=
hSPB1vk5K2bRwqtsnMJjA-H5S9-zQbkcIpV_G0BSZHG6OHCoz4a51_hezyQBkr5QN3aV8uf86mg=
WP7bJFLnMV747-SyRV8XNiNtZQl52FzyrBtUggorInaMo9FPB0E3z6qoXk695aE4n2gAWAXPySo=
0CQYHOLP44MaFEI6D4r_Luc5F1Xihgv8Wi-rdstw20w4vTRRbErdPwuxzMs76TjpMk-JYJU5mwg=
AawRUhsO_8lOysJOb_Jjbaw91R-ylckG31sLD1X4Ur_62q7zHdom8MxvjVa0krqPX0TYPwXo_wl=
RnIYwyohCfnGVkV78QxQ7R6gnQ-6-U0zM9c3RnJey7PxLTAm4nS8fblwg0dkYkjL38xmjI1QUgv=
XP1t2uBxAXiZUIlvQLLpTbaOft8W6acSoY-3O9qWZSP7aGYfkUlUyCtp_FopSbQPzBGxBjz" ta=
rget=3D"_blank" rel=3D"noopener noreferrer">hack</a> of a blockchain bridge=
in the exchange=E2=80=99s BNB Chain. (Bridges are used for moving assets f=
rom one blockchain to another.) According to a <a href=3D"https://links.coi=
nbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D8e74a7f138f04c=
a7958c50bc26b32cfe&_e=3Du6hSPB1vk5K2bRwqtsnMJlKnrVMtxjeoVoyCkFbA5YGKOFeqesV=
Gt4m63n9di4rSYLvrlxJRCgrkCdXmO_49u8orqRJ7pWotksvDX7YT4PeG_lnWZbR8xuRMCPAlQ_=
10ilhRUyErQCaDkp0vebGbIvMVCBPnAKwFtfguhluQMRcvQWj1BgbglkHRnoLsnF3MYnQifwNGK=
S_8lgokrcW-tb0nojxWXRfIf3o0QKed11QsN77aQ66oxom05ae3v3Fk1QhCcdDntEBGEs2w9Cm_=
dbUa94yWf6NShxud4jxl3By6gjz3dTzg2wOFvL5R4Y8oxlhfFy1yYxPuSunnh1DmD71eY5SNYXR=
Q5LWm3J81ITyRBZZk4T2hXx3bVU6UW1NV" target=3D"_blank" rel=3D"noopener norefe=
rrer">report</a> from Chainalysis published in August, attacks on bridges a=
ccounted for =E2=80=9C69% of total funds stolen in 2022 so far.=E2=80=9D</p=
> <p style=3D"margin: 16px 0px 0px; font-size: 32px;"><strong>12,053</stron=
g></p> <p style=3D"margin: 4px 0px 0px; line-height: 1.6; word-break: break=
-word;">Number of Brazilian companies that <a href=3D"https://links.coinbas=
e.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D8e74a7f138f04ca795=
8c50bc26b32cfe&_e=3Du6hSPB1vk5K2bRwqtsnMJncXklkaEZ8Cq1PfnRiDc4jN8mYELosgwgv=
BmZAeWARc9TKpMSE_CdChmnzsP7-KFLfQt2b9rmrKcE-1KUriHCCX-3DK4JoqI2dGdzq59W4X7s=
iDRC7Q1cBhIwrIDg0J2FR9AQBa7d4tcVV6LkT6qGS7VCL7k97AUaEkn5XOsWMBwYvlAdyK3lWgS=
ndkbl3h5KFKGSAsLCK510gLTCEGzv4fNtuLCyYP8vL9zK-xFuWyBZP9dwaoTsNfBhZIoCCcOEn6=
Cbg5yq8KVIuhHjjV4L5yOpTnisUCLJHyjq_kg25BW5sLNAbknUY1T1TZZKnwZf3el87t24ruwVe=
S1ueqht0C_delkUnJOyWEzoUOyisfLFWblZFT3CYSljq5IkH1aH_L3ycRFQXxbovuaI15FJw%3D=
" target=3D"_blank" rel=3D"noopener noreferrer">reported</a> buying crypto =
in August, according to reporting from the country=E2=80=99s tax authority.=
The latest figure represents a record-high, as well as a five-fold increas=
e from August 2019, when firms initially began reporting their crypto activ=
ity to the government, according to CoinDesk. </p> <p style=3D"margin:=
16px 0px 0px; font-size: 32px;"><strong>28%</strong></p> <p style=3D"margi=
n: 4px 0px 0px; line-height: 1.6; word-break: break-word;">Rate at which Po=
rtugal has <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563719674=
18192255878e9689713&_m=3D8e74a7f138f04ca7958c50bc26b32cfe&_e=3Du6hSPB1vk5K2=
bRwqtsnMJqv_omlWC5GbgzAyMrF869Z0k2ybMLE0k-mFrLOf1VycgpCWaAGehO9IkXwIPV_t1-g=
pmumRUmo8WkVmK1fkqpLYMvG9mEbKO7e4wzJu7P_N1HN8Ww_bDBk7WyQlz-Tx8JPt3RmF5U6eTh=
iAu95fBiGe4G0ClrWZXuvybSl6WlPdzobgUhd4NZiDKreI3rFwOGWWeZX5eOSzxSAcNWZZS0Uns=
wLyhJt113MSpBKpXoqpfUoV8Dm2ODXgidVSMq1Tamm2IYyh7JaUGtZULQtqk0glw-mlz3Q_sYo0=
RcDdH3RK9jtlNgF5aMP_evyO3poWs_xbCXr1efJM3b-gNZSGpWJwIAPex222e8KF859Fkcuxoq3=
OGHXX69y9zhzSwq8-cv2FuL3jfhij-uKzxTPU7P5ENwvr5oITGznWHF5OfuG0" target=3D"_b=
lank" rel=3D"noopener noreferrer">proposed</a> taxing gains on crypto held =
for less than a year. Such a move would mark a notable shift for the Europe=
an nation, which is known for its crypto-friendly policies, including not t=
axing gains from personal investment in crypto. Crypto held for more than a=
year would still be exempt from tax, however. </p> <table width=3D"100%" r=
ole=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;"> <td=
valign=3D"top" style=3D"word-break: break-word; vertical-align: top; min-w=
idth: 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> TUNE IN </strong></p></td> </tr> </tbody> </table=
> <p style=3D"margin: 5px 0px 0px; font-size: 32px; line-height: 1.26; word=
-break: break-word;"><strong>COIN: A Founder=E2=80=99s Story offers an insi=
de look at Coinbase=E2=80=99s origins and unprecedented rise</strong></p> <=
/div> <p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break=
-word;">Nearly three years ago, Coinbase began working with documentary fil=
mmaker Greg Kohs on a movie about the company's story. The resulting film, =
COIN, is now available to stream in the U.S, and chronicles, as Coinbase CE=
O Brian Armstrong <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca56=
371967418192255878e9689713&_m=3D8e74a7f138f04ca7958c50bc26b32cfe&_e=3Du6hSP=
B1vk5K2bRwqtsnMJt72TEcIjdQ2OGd2dNEhbUyX1QMR_5GiD4VO2tDyOb1VyuYLqPT_u3buLXUz=
3yVASwafTw_m5D1WoDjetERbIBnolgItprksUEsRdWtrBWLYlRgeCgKZeoFY4EHE9QAfRTsOHUk=
XE9D9ax_rH3NQnfZ8UuzfnbNqoBaUoUvqHpE8WjlLRtc5KnShMIQDUZDcE4Jwbv-T2PFH50nSRS=
BP7Z-9_8LlIlPvXUAelB-jYciKE4ZxiOdhc6pJ5baofD0IxOLGI6B42DWQfl_yL770QI7zdcdzN=
qoxu8qToz6z0OT6qpCZKbHB1YPz7kFxwx8XuMU6YQECj5ExLRK4s0AN5r1Pyqp80RMK5PMM_GkQ=
X5AF" target=3D"_blank" rel=3D"noopener noreferrer">put it</a>, "the crazy =
ups and downs of building a tech startup all the way to us becoming a publi=
c company."</p> <p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-br=
eak: break-word;">The journey from Satoshi Nakamoto=E2=80=99s Bitcoin white=
paper to the first publicly traded crypto company sounds like one of those =
mythical business stories, but COIN dives into the essential human elements=
of asking big questions and solving even bigger problems. =E2=80=9CI wante=
d to demystify what it looks like to build a tech startup and to encourage =
people to pursue entrepreneurship,=E2=80=9D Brian said. =E2=80=9CI also wan=
ted to demystify crypto.=E2=80=9D</p> <p style=3D"margin: 16px 0px 0px; lin=
e-height: 1.6; word-break: break-word;"></p> <div class=3D"cta_button" styl=
e=3D"margin: 24px 0px 0px; padding: 0px; width: 50%;"><!--[if mso]><table w=
idth=3D"100%" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"bor=
der-spacing:0;border-collapse:collapse;mso-table-lspace:0pt;mso-table-rspac=
e: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:off=
ice:word" href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196741819=
2255878e9689713&_m=3D8e74a7f138f04ca7958c50bc26b32cfe&_e=3Du6hSPB1vk5K2bRwq=
tsnMJt72TEcIjdQ2OGd2dNEhbUyOXhypqbiCpfHzdYNg07KLvQb_Ie6VRl8jFXDznURf72ZAmeH=
LBtpZpRKu_C1K8zL3OstwgYN-qNggToAWK6z6bGFx9sQmupn1kw9qelt4ej3O0t7LebaeNpv7_Y=
OUtj6-HAW0F23oiPADy5pPn_cEQf1PcYaWTfnrreCtPRnmKi15VgALIirY5GUw7kvCC7hpppIxy=
zV4JRHa0e7_1kDF4m9d5qENCZJ5XPUrEWYRIjsbtGx4PZkuRLSzgP5xHKbhF20OpMsUvUjR-Xjy=
rgounUdOTbrhe0PuA9kL7zxIOg%3D%3D" style=3D"width:350pt;v-text-anchor:middle=
;" arcsize=3D"17%" stroke=3D"false" fillcolor=3D"#0052ff"> <w:anchorlock/><=
v:textbox inset=3D"0,0,0,0"><center style=3D"font-family: Helvetica Neue, H=
elvetica, Arial, sans-serif;"><![endif]--><a href=3D"https://links.coinbase=
.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D8e74a7f138f04ca7958=
c50bc26b32cfe&_e=3Du6hSPB1vk5K2bRwqtsnMJt72TEcIjdQ2OGd2dNEhbUyOXhypqbiCpfHz=
dYNg07KLvQb_Ie6VRl8jFXDznURf72ZAmeHLBtpZpRKu_C1K8zL3OstwgYN-qNggToAWK6z6bGF=
x9sQmupn1kw9qelt4ej3O0t7LebaeNpv7_YOUtj6VICD6L4XJlfq3glkdmfeYs8M-exp5eC3sM9=
bw-QUK4i75QpfsSFDONOIPce2RPP-Z2xUk439x_AdibWhMKFh6Togt1TtKhSrUy86eRUuel_Imw=
iV4msu5BVfFXhk6QMa29GvuQnpxlKGT4TkriPl2VMqli1RhUxqGd5x5D63xxg%3D%3D" target=
=3D"_blank" rel=3D"noopener noreferrer" style=3D"display: block; margin: 0p=
x; 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-a=
lign: center; padding: 18px 0px;"><strong>Watch COIN</strong></a><!--[if ms=
o]></center></v:textbox></v:roundrect></td></tr></table><![endif]--></div> =
<table width=3D"100%" role=3D"presentation" valign=3D"top" style=3D"table-l=
ayout: fixed; vertical-align: top; border-spacing: 0px; border-collapse: co=
llapse; min-width: 100%; text-size-adjust: 100%;"> <tbody> <tr style=3D"ver=
tical-align: top;"> <td valign=3D"top" style=3D"word-break: break-word; ver=
tical-align: top; min-width: 100%; text-size-adjust: 100%; padding: 48px 0p=
x;"><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-align: top; border-spacing: 0px; border-collapse: collaps=
e; border-top: 2px solid rgb(222, 224, 226); width: 100%;"> <tbody> <tr sty=
le=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"marg=
in: 0px; padding: 0px;"> <tbody> <tr> <td style=3D"margin: 0px; padding-rig=
ht: 11px; vertical-align: middle;"><img src=3D"https://d15k2d11r6t6rl.cloud=
front.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3ac=
a56371967418192255878e9689713/dot-1.5x.png" width=3D"12" height=3D"12" styl=
e=3D"display: block; width: 12px; height: 12px;"></td> <td style=3D"margin:=
0px; padding: 0px; vertical-align: middle;"><p style=3D"margin: 0px; font-=
size: 16px; letter-spacing: 0.075em;"><strong> TOKEN TRIVIA </strong></p></=
td> </tr> </tbody> </table> <p style=3D"margin: 5px 0px 0px; font-size: 32p=
x; line-height: 1.26; word-break: break-word;"><strong>What is the smallest=
unit of a Bitcoin?</strong></p> </div> <div style=3D"margin-top: 16px;"> <=
table style=3D"line-height: 1.6; word-break: break-word;"> <tbody> <tr> <td=
style=3D"padding-right: 12px;"><strong>A</strong></td> <td>1 Buterin</td> =
</tr> <tr> <td style=3D"padding-right: 12px; padding-top: 12px;"><strong>B<=
/strong></td> <td style=3D"padding-top: 12px;">0.001 BTC</td> </tr> <tr> <t=
d style=3D"padding-right: 12px; padding-top: 12px;"><strong>C</strong></td>=
<td style=3D"padding-top: 12px;">1 Satoshi</td> </tr> <tr> <td style=3D"pa=
dding-right: 12px; padding-top: 12px;"><strong>D</strong></td> <td style=3D=
"padding-top: 12px;">0.01 USD</td> </tr> </tbody> </table> </div> <p style=
=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;">Find t=
he answer at the end of the email.</p> <div class=3D"cta_button" style=3D"m=
argin: 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:0p=
t;"><tr><td style=3D"padding:0;" align=3D"left"> <v:roundrect xmlns:v=3D"ur=
n:schemas-microsoft-com:vml" xmlns:w=3D"urn:schemas-microsoft-com:office:wo=
rd" href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196741819225587=
8e9689713&_m=3D8e74a7f138f04ca7958c50bc26b32cfe&_e=3Du6hSPB1vk5K2bRwqtsnMJt=
72TEcIjdQ2OGd2dNEhbUwxs0cv1fQEzQU2bbS-6gZhp8v4LFbocdFg7RJDBISgup2zCLMsWH5ue=
UpUTGhfPFTb7HNbzQgQM_2Ir2zg7FO3w_G9NKk97HmJ4yWptn56094MC8N39dV2-bBYxVHmopjG=
UgbjeWRqL3BSV44xcHOIIZ2_B5UETipoXUMu6VeLJtwZdxPzS9L9fL1h95rHx37M0y7bYn1UVdn=
qu1cSebPpDIfrmCyMbw0RmtkoQ55RVgoXj6IVpt15QZjYDpnus90yOJ0Ftz-IB3nfsRlTBJZEz8=
CfZPOcKaXP8KJL3e-apRzuILTM7hNkg9xaNjlIYF3DrLUVDVBJ1tnmA2KBZJPmBdTxg2Oot3GlS=
dPXCS-fLNMZdO7ADVfkPMpOVn4XbjlowGIS4CTap2sI7l78idnsgosim5H5VmERiYddXWu1KoBr=
ONwKMSKRO4aoH3SHjQAbHrS4Din50jHPFJIKpyTW" style=3D"width:350pt;v-text-ancho=
r:middle;" arcsize=3D"17%" stroke=3D"false" fillcolor=3D"#0052ff"> <w:ancho=
rlock/><v:textbox inset=3D"0,0,0,0"><center style=3D"font-family: Helvetica=
Neue, Helvetica, Arial, sans-serif;"><![endif]--><a href=3D"https://links.=
coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D8e74a7f138f=
04ca7958c50bc26b32cfe&_e=3Du6hSPB1vk5K2bRwqtsnMJt72TEcIjdQ2OGd2dNEhbUwxs0cv=
1fQEzQU2bbS-6gZhp8v4LFbocdFg7RJDBISgup2zCLMsWH5ueUpUTGhfPFTb7HNbzQgQM_2Ir2z=
g7FO3w_G9NKk97HmJ4yWptn56094MC8N39dV2-bBYxVHmopjGUgbjeWRqL3BSV44xcHOIIZ2_B5=
UETipoXUMu6VeLJtwZdxPzS9L9fL1h95rHx37M0y7bYn1UVdnqu1cSebPpDIfrmCyMbw0RmtkoQ=
55RVgoXj6IVpt15QZjYDpnus90yOJ0Ftz-IB3nfsRlTBJZEz8CfZPOcKaXP8KJL3e-apTkhwlPV=
a_JWF8q3sRcEt5YPjsbIk3WHyOs_MwDq0-2O5kxWoZEwjqdSgBDMUzA4oY37-CEi8eFitIRuP-T=
hxWlLOQVGtFEPvoHuD2YUTK9tqnSw0147-uswgGBwt5s_xhzS1lVY5mohYTDjr8Sas5faoMQzS-=
_bMHX8wpvurgB1" target=3D"_blank" rel=3D"noopener noreferrer" style=3D"disp=
lay: block; margin: 0px; line-height: 1.2; font-size: 16px; text-decoration=
: none; color: rgb(255, 255, 255); background-color: rgb(0, 82, 255); borde=
r-radius: 30px; text-align: center; padding: 18px 0px;"><strong>Learn Bitco=
in basics</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-layout: fixed; vertical-align: top; border-s=
pacing: 0px; border-collapse: collapse; min-width: 100%; text-size-adjust: =
100%;"> <tbody> <tr style=3D"vertical-align: top;"> <td valign=3D"top" styl=
e=3D"word-break: break-word; vertical-align: top; min-width: 100%; text-siz=
e-adjust: 100%; padding: 48px 0px;"><table border=3D"0" cellpadding=3D"0" c=
ellspacing=3D"0" width=3D"100%" align=3D"center" role=3D"presentation" vali=
gn=3D"top" style=3D"table-layout: fixed; vertical-align: top; border-spacin=
g: 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> </t=
able> <div> <table style=3D"margin: 0px; padding: 0px;"> <tbody> <tr> <td s=
tyle=3D"margin: 0px; padding-right: 11px; vertical-align: middle;"><img src=
=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713=
-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/dot-1.5x.png"=
width=3D"12" height=3D"12" style=3D"display: block; width: 12px; height: 1=
2px;"></td> <td style=3D"margin: 0px; padding: 0px; vertical-align: middle;=
"><p style=3D"margin: 0px; font-size: 16px; letter-spacing: 0.075em;"><stro=
ng> NOW TRADING ON COINBASE </strong></p></td> </tr> </tbody> </table> </di=
v> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255=
878e9689713&_m=3D8e74a7f138f04ca7958c50bc26b32cfe&_e=3Du6hSPB1vk5K2bRwqtsnM=
Jt72TEcIjdQ2OGd2dNEhbUxHD9Slmbt41tps1QF9MZRc7sfiQ882K6d069nUpGplO-q6UQoC4xP=
sEM2eza2iu1FFW4LBjlM9FldzTtm6SSJLJCmg4dC7_ecuxKdRLHVhri2n0R7lp1qzKyPq7UKT8M=
XHxNNQunqCd6EmQgp2toHGZSITrgQkufxH6SP3KWq-8kNfrZw7fTS5RNNf6St3XpMehs6rxhTNO=
M9Ns-dkQJfQIcuiJcOGmFC2EMd7IO1V1ynph9rVy-LEEnyIh9DynRQkHjCrRjxZOfjzBEL0iCqA=
1w55enR-zCuwHg3lYGGG3qgkwXSPN6sDp96jqUASfFU%3D" target=3D"_blank" rel=3D"no=
opener noreferrer" style=3D"color: rgb(10, 11, 13); text-decoration: none;"=
> <table style=3D"margin: 16px 0px 0px; width: 100%;"> <tbody> <tr> <td sty=
le=3D"font-size: 32px; line-height: 1.26; word-break: break-word; vertical-=
align: middle; white-space: nowrap;"><strong>PNG</strong></td> <td style=3D=
"vertical-align: middle; padding-left: 12px;"><img src=3D"https://dynamic-a=
ssets.coinbase.com/b418e691a1eef1e431ebdb7a7db907e249e78cdc429a4f03573a66e2=
09fe863d08dd69ce029caf81d5ea73de53b988da07223f63edaaa7cb8746633054dd2c5e/as=
set_icons/e5b405b5d5dd200917e89355dc8584c9582ff062bc53a2f1d84de340f785c42d.=
png" width=3D"26" height=3D"26" style=3D"display: block; width: 26px; heigh=
t: 26px; vertical-align: middle;"></td> <td style=3D"vertical-align: middle=
; text-align: right; width: 100%;"><img src=3D"https://d15k2d11r6t6rl.cloud=
front.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3ac=
a56371967418192255878e9689713/Newsletter%20Assets/newlistings_light.png" wi=
dth=3D"21" height=3D"18" style=3D"width: 21px; height: 18px; vertical-align=
: middle;"></td> </tr> </tbody> </table> <p style=3D"margin: 0px; line-heig=
ht: 1.6;">PNG is the utility token of the Pangolin DEX, which initially lau=
nched on Avalanche. </p> </a><a href=3D"https://links.coinbase.com/a/click?=
_t=3D3aca56371967418192255878e9689713&_m=3D8e74a7f138f04ca7958c50bc26b32cfe=
&_e=3Du6hSPB1vk5K2bRwqtsnMJt72TEcIjdQ2OGd2dNEhbUyivfocOlkHzwR-4uTRZdYnckuYh=
LGpJ85gecunD7kXPtDAztUx5YvKnJENhmTnU-syNoMak9M-RQwqulRJFloRY2Q_5g1l9cO1OmzL=
Avk5G654sPtZR2AHSwVQpMxsAYNNKDmyieTpJSr03mBWYGnHKMdAHT7n2xff6UIZgWbOObtv2AI=
LJV6tsFR_fDtqND263HuhNjMom3M4H8uWWX1KakNgLzwb3IBpE6NEkDmEXktdcNfa1ytfsEoOou=
YWkeR1FSN_aGuwVUBS-G1VXr2Si2aV1f4ODwj4aCysbgAnKlyiG14fXNmrwOUfnowN_Nk%3D" t=
arget=3D"_blank" rel=3D"noopener noreferrer" style=3D"color: rgb(10, 11, 13=
); text-decoration: none;"> <table style=3D"margin: 16px 0px 0px; width: 10=
0%;"> <tbody> <tr> <td style=3D"font-size: 32px; line-height: 1.26; word-br=
eak: break-word; vertical-align: middle; white-space: nowrap;"><strong>00</=
strong></td> <td style=3D"vertical-align: middle; padding-left: 12px;"><img=
src=3D"https://dynamic-assets.coinbase.com/ff6804e5befea344d932e8e03e30eff=
4e7c9cc1fe3bc4cd1c24b15f515a2376104653b5f1da6389dbb1bc7aefab1bd197b91c2f58b=
46c1296f8956d8d0413731/asset_icons/e90cf5659e08ac1f79e44f8f51ca8aa4990b8e0b=
27417c784b81163406f1bd3c.png" width=3D"26" height=3D"26" style=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"ht=
tps://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-=
46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/Newsletter%20Assets=
/newlistings_light.png" width=3D"21" height=3D"18" style=3D"width: 21px; he=
ight: 18px; vertical-align: middle;"></td> </tr> </tbody> </table> <p style=
=3D"margin: 0px; line-height: 1.6;">00 is the ERC-20 utility token of the P=
00LS platform and ecosystem, which supports the distribution and trading of=
social tokens. </p> </a> <table width=3D"100%" role=3D"presentation" valig=
n=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;"> <td valign=3D"top" style=3D"w=
ord-break: break-word; vertical-align: top; min-width: 100%; text-size-adju=
st: 100%; padding: 48px 0px;"><table border=3D"0" cellpadding=3D"0" cellspa=
cing=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); widt=
h: 100%;"> <tbody> <tr style=3D"vertical-align: top;"> <td valign=3D"top" s=
tyle=3D"word-break: break-word; vertical-align: top; text-size-adjust: 100%=
;"><span></span></td> </tr> </tbody> </table></td> </tr> </tbody> </table> =
<p style=3D"margin: 0px; line-height: 1.6; word-break: break-word;"><strong=
>Trivia answer</strong></p> <table style=3D"margin: 12px 0px 0px; line-heig=
ht: 1.6; word-break: break-word;"> <tbody> <tr> <td style=3D"padding-right:=
12px;"><strong>C</strong></td> <td>1 Satoshi</td> </tr> </tbody> </table> =
<table style=3D"margin: 48px 0px 0px;"> <tbody> <tr> <td style=3D"text-alig=
n: left;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/In=
tegrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e968=
9713/Rebrand%20Assets/coinbase_footer_wordmark.png" alt=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=3D3aca56371=
967418192255878e9689713&_m=3D8e74a7f138f04ca7958c50bc26b32cfe&_e=3Du6hSPB1v=
k5K2bRwqtsnMJpomoZtkfB93NReI6V3uu9QcSFyVeO9Q4dzy_vqfrQQxNtI-4YmUBKn5tCl2nxm=
ySf4LoFamlWPM3bMnX4sNI8QfPUxsPKj1oAqwu_K4JSX7fMDRn2cAs962mfuT5B4XCvbdC66RIM=
soCAZxPtIkTcXUo-WMoPdcdaCdopkFx4tkJsIBeazRv1uwkg_IUzhxLYdeDrQ9ZukCTIVTA4Kb7=
TheVKHuIjniZB_DP0UYwcaCKEI_7ilc21l3SysBPPRFieWruQc8i7t6z-evTirxTyr5FV--AEH8=
dFvfsZngQSbhHqn8u3q-H_4W6gyJskvbVJQoyGehsC0Yq7nVYOwNzGg6ReVa5KUPwfLFbRu1CX7=
D" title=3D"coinbase ios app" target=3D"_blank" rel=3D"noopener noreferrer"=
><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators=
/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/Icon=
s/app_apple.png" alt=3D"Download on iOS App store" height=3D"46" style=3D"d=
isplay: block; height: 46px; margin-right: 8px;"></a></td> <td><a href=3D"h=
ttps://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=
=3D8e74a7f138f04ca7958c50bc26b32cfe&_e=3Du6hSPB1vk5K2bRwqtsnMJl1lPuNqH10lLd=
PL0FFxH4lVoI8KGFK9-1XxBi1K9TMd4gnBbZ3uaUszN2LKPbOjLmGJOFUJZUaOsvJOwSZHY_xjP=
mqFMq2d6YDn4dR42ZtpOM_XBAn4iLDv-mnVCu4p5Hh5t7nzQQR2TYjLkVui-ntUPMnX5KDHEReZ=
8WPx-Xfo6EiPfYM1ItTHSy_34EfkkzRRgHn5UVJ-o8HmZjbndDTXJMZEGk2IcqYk2cCVcIX4KOr=
ems9HnrpmakCW01N47wBdvZ4o7X9geGqn7AhGv-bzUdjFfrMNUBiT43fVh6lESqngM-56bLn8in=
ZNpFn7_BwlELFa2VTLaM9_HzGzrwGPzFufLvF1O6Dx8dK-CbbB" title=3D"coinbase andro=
id app" target=3D"_blank" rel=3D"noopener noreferrer"><img src=3D"https://d=
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7e-c542cff6dd6a/3aca56371967418192255878e9689713/Icons/app_google.png" alt=
=3D"Download on Google Play" height=3D"46" style=3D"display: block; height:=
46px;"></a></td> </tr> </tbody> </table> <div style=3D"margin-top: 24px;">=
<p style=3D"font-size: 12px; line-height: 1.8; word-break: break-word; col=
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