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Coinbase Bytes How BlackRock, Citigroup, and other institutional giants are=
=20
navigating the crypto downturn. View in browser=20
<https://links.coinbase.com/e/evib?_t=3D3aca56371967418192255878e9689713&_m=
=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DIfpRGwDFzMyk6T8pxjL3ppB9tonp_xdsBa=
-jSMabzNQbW7PEBpylJpQuJmzrgqwuxBSRR-E39XuqByvXw5F8Q29MANAP5FHFXez-Y4lQN1WkP=
UyPoIC0XhRQLUZkChpom8TX_hhzfW5jOK4IaSPmIw%3D%3D>
 <https://coinbase.com>=20
 11 Aug 2022=20

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:

 * BlackRock partnered with Coinbase for institutional crypto trading. Plus=
,=20
other major multinational firms are making moves amid the crypto downturn.=
=20
 * Key quotes from the cryptoverse. Mark Cuban had some choice words about=
=20
buying digital land, and Michael Saylor recounts finding his laser eyes.=20
 * Noteworthy numbers. The total number of crypto ATMs around the world and=
=20
other key figures to know this week.  <https://www.coinbase.com>=20
In July, major institutions set a high watermark for 2022 by investing $474=
=20
million into crypto markets. [Image via Sirisvisual]





Bitcoin

 =C2=A319,519.36=20

 +3.39%=20
 <https://coinbase.com/price/bitcoin?bytes_title=3Dbitcoin>=20

Ethereum

 =C2=A31,515.27=20

 +13.52%=20
 <https://coinbase.com/price/ethereum?bytes_title=3Dethereum>=20


Cardano

 =C2=A30.44=20

 +6.54%=20
 <https://coinbase.com/price/cardano?bytes_title=3Dcardano>=20

Solana

 =C2=A334.36=20

 +8.87%=20
 <https://coinbase.com/price/solana?bytes_title=3Dsolana>=20


Polkadot

 =C2=A37.76=20

 +15.99%=20
 <https://coinbase.com/price/polkadot?bytes_title=3Dpolkadot>=20

Dogecoin

 =C2=A30.06=20

 +7.20%=20
 <https://coinbase.com/price/dogecoin?bytes_title=3Ddogecoin>=20


Bitcoin

 =C2=A319,519.36=20

 +3.39%=20
 <https://coinbase.com/price/bitcoin?bytes_title=3Dbitcoin>=20

Ethereum

 =C2=A31,515.27=20

 +13.52%=20
 <https://coinbase.com/price/ethereum?bytes_title=3Dethereum>=20

Cardano

 =C2=A30.44=20

 +6.54%=20
 <https://coinbase.com/price/cardano?bytes_title=3Dcardano>=20


Solana

 =C2=A334.36=20

 +8.87%=20
 <https://coinbase.com/price/solana?bytes_title=3Dsolana>=20

Polkadot

 =C2=A37.76=20

 +15.99%=20
 <https://coinbase.com/price/polkadot?bytes_title=3Dpolkadot>=20

Dogecoin

 =C2=A30.06=20

 +7.20%=20
 <https://coinbase.com/price/dogecoin?bytes_title=3Ddogecoin>=20
Price changes are for the past week, ending on Aug 10, 2022 at 11:02 PM UTC
See the latest prices <https://coinbase.com/price>=20



 WHALE WATCH=20

BlackRock, MicroStrategy, and the institutional giants making crypto winter=
=20
moves

Is the worst of the crypto downturn over? Since dropping to 2022 lows in=20
mid-June, the crypto market has been staging a gradual recovery as its tota=
l
market cap <https://coinmarketcap.com/charts/> has reclaimed the $1 trillio=
n=20
mark and Bitcoin is up more than 20% from its sub-$18,000 levels nearly two=
=20
months ago. Another sign of momentum: institutional investors, including so=
me=20
of the world=E2=80=99s largest banks and asset managers, put a total of$474=
 million=20
<https://www.coindesk.com/markets/2022/08/01/july-marks-strongest-month-of-=
crypto-fund-inflows-this-year-coinshares/>
 back into the crypto market in July, a high watermark for the year, and ne=
arly=20
a complete reversal of June=E2=80=99s $484 million of outflows. Let=E2=80=
=99s take a closer=20
look at how some of the biggest firms are navigating choppy seas.

 * BlackRock, which oversees $10 trillion and is the world=E2=80=99s larges=
t asset=20
manager,partnered=20
<https://blog.coinbase.com/coinbase-selected-by-blackrock-provide-aladdin-c=
lients-access-to-crypto-trading-and-custody-via-b9e7144f313d>
 with Coinbase to help institutional clients trade and manage crypto.Coinba=
se=E2=80=99s=20
institutional brokerage,Coinbase Prime <https://www.coinbase.com/prime>, wi=
ll=20
connect with BlackRock=E2=80=99s portfolio management software, Aladdin, to=
 provide=20
institutional investors with direct access to crypto trading, beginning wit=
h=20
BTC. The vast scale of this deal between the worlds of digital assets and=
=20
traditional finance prompted one analyst tonote=20
<https://www.bloomberg.com/news/articles/2022-08-04/coinbase-s-blackrock-pa=
ct-reinforces-crypto-status-burns-shorts?sref=3DaInCMkkj#:~:text=3D%E2%80%9=
CThis%20is%20much%2Dneeded%20positive%20news%20for%20crypto%20traders%20and=
%20should%20provide%20some%20optimism%20for%20the%20longer%2Dterm%20health%=
20of%20the%20cryptoverse%2C%E2%80%9D%20said%20Ed%20Moya%2C%20senior%20marke=
t%20analyst%20at%20Oanda.%20%E2%80%9CCalls%20that%20crypto%20is%20dead%20ha=
ve%20been%20overdone.%E2%80%9D>
, =E2=80=9CThis is much-needed positive news =E2=80=A6 and should provide s=
ome optimism for the=20
longer-term health of the cryptoverse.=E2=80=9D=20
 * Michael Saylor, who turned his software company, MicroStrategy, into the=
=20
U.S.=E2=80=99slargest corporate BTC holder <https://bitcointreasuries.net/>=
, stepped=20
aside as CEO to =E2=80=9Cfocus more on Bitcoin=20
<https://twitter.com/saylor/status/1554799841150214150?ref_src=3Dtwsrc%5Etf=
w%7Ctwcamp%5Etweetembed%7Ctwterm%5E1554799841150214150%7Ctwgr%5E9084ca5c1d9=
721732141a20bab251881ed4f7650%7Ctwcon%5Es1_&ref_url=3Dhttps%3A%2F%2Fdecrypt=
.co%2F106889%2Fthis-week-on-crypto-twitter-michael-saylor-leaves-ceo-role-t=
o-focus-more-on-bitcoin-nomad-and-solana-get-hacked>
=E2=80=9D as the firm=E2=80=99s executive chairman.The outspoken BTC advoca=
te announced the=20
move as MicroStrategy reported a 2.6% revenue decline from the previous yea=
r=20
and a $918 million =E2=80=9Cimpairment charge=20
<https://www.investopedia.com/investing/impairment-charges/>=E2=80=9D on it=
s digital=20
assets, fueled by the recent crypto downturn. Saylor, who was the firm=E2=
=80=99s=20
founding CEO in 1989, said his new role will enable the company to =E2=80=
=9Cbetter=20
pursue [its] two corporate strategies=E2=80=9D of acquiring BTC and growing=
 its=20
software business. MicroStrategy President Phong Le has assumed the CEO rol=
e=20
and added, =E2=80=9CIf we have excess cash, we=E2=80=99ll put it into Bitco=
in, and we=E2=80=99ll hold.=E2=80=9D=20
 * Bank Of America, the second-largest bank in the U.S., released a new rep=
ort=20
<https://www.coindesk.com/business/2022/08/03/bank-of-america-dismisses-ass=
ertion-that-blockchains-have-no-intrinsic-value-citing-transaction-fees/?ut=
m_medium=3Dreferral&utm_source=3Drss&utm_campaign=3Dheadlines>
 asserting that blockchains have =E2=80=9Cintrinsic value=E2=80=9Dand rejec=
ting recent claims=20
<https://www.coindesk.com/business/2022/06/13/bank-of-england-chief-takes-v=
ictory-lap-as-crypto-crumbles/>
 to the contrary. Citing Ethereum=E2=80=99s transaction (gas) fees =E2=80=
=94 which are=20
generated when transactions are validated on its blockchain or viaDeFi=20
<https://www.coinbase.com/learn/crypto-basics/what-is-defi> apps (like Unis=
wap=20
<https://www.coinbase.com/learn/crypto-basics/what-is-uniswap>) that run on=
 its=20
blockchain =E2=80=94 BofA noted that the second-biggest blockchain produced=
 roughly $10=20
billion in gas fees in 2021, which was up 1,558% from the year before (thou=
gh=20
fees have declined so far this year). Meanwhile, bothMorgan Stanley=20
<https://www.theblock.co/post/161958/morgan-stanley-job-posting-points-to-w=
ide-ranging-crypto-plans>
 andCitigroup=20
<https://www.theblock.co/post/162133/citigroup-is-hiring-a-defi-and-stablec=
oin-risk-manager-as-part-of-crypto-push?utm_source=3Dbasicrss&utm_medium=3D=
rss>
 recently posted crypto-specific jobs to build out digital asset products a=
nd=20
improve DeFi risk management, respectively.=20
 * European asset manager Brevan Howard raised $1 billion from institutiona=
l=20
investors to launch one of the largest-ever crypto hedge funds.Though=20
web3-focused VC firm Andreessen Horowitz holds the fundraising record with =
their
$4.5 billion=20
<https://www.cnbc.com/2022/05/25/andreessen-horowitz-raises-4point5-billion=
-crypto-fund-in-down-market.html>
 crypto fund,Blockworks=20
<https://blockworks.co/brevan-howard-scores-largest-crypto-hedge-fund-launc=
h-ever/?utm_source=3DSailthru&utm_medium=3Demail&utm_campaign=3DDaily%20NL%=
20Thursday%208.4.22&utm_term=3DDaily%20Newsletter>
 notes that Brevan=E2=80=99s capital is =E2=80=9Cby far the largest commitm=
ent to crypto by a=20
traditional finance asset manager.=E2=80=9D Meanwhile the former crypto hea=
d at=20
accounting giant PwC raised$75 million=20
<https://www.theblock.co/post/161412/former-pwc-crypto-head-sets-up-crypto-=
asset-management-firm-in-dubai?utm_source=3Drss&utm_medium=3Drss>
 for a new institutional crypto asset management firm in Dubai; and the CME=
=20
Group =E2=80=94 the world=E2=80=99s largest derivatives exchange =E2=80=94 =
ispreparing to launch=20
<https://www.bloomberg.com/news/articles/2022-08-04/cme-unveils-plans-for-b=
itcoin-and-ether-futures-tied-to-euro?sref=3DaInCMkkj>
 Euro-denominatedfutures <https://www.investopedia.com/terms/f/futures.asp>=
 for=20
BTC and ETH at the end of August.=20


Why it matters=E2=80=A6 Wall Street=E2=80=99s entrance into the cryptospher=
e was a key=20
catalyst for the massive 2020-2021bull run=20
<https://www.coinbase.com/learn/market-updates/deep-dive-bitcoins-bull-run>=
, so=20
what could the last month of institutional money flowing back into the mark=
et=20
mean for the future? Depends who you ask. J.P. Morgan, the U.S.=E2=80=99s l=
argest bank,=20
released a cautiously optimisticnote=20
<https://www.cnbc.com/2022/08/08/jpmorgan-says-cryptocurrencies-have-found-=
a-floor.html>
 on Monday, stating =E2=80=9CIt appears that the crypto markets have found =
a floor.=E2=80=9D=20
Others, likeBlockchain Association <https://theblockchainassociation.org/>=
=20
executive director Kristin Smith are trying to think a few steps ahead abou=
t=20
what greater institutional participation might mean for the industry at lar=
ge.=20
As Smithputs it=20
<https://blockworks.co/industry-watchers-execs-weigh-significance-of-blackr=
ock-coinbase-deal/#:~:text=3D%E2%80%9CGreater%20adoption%20necessitates%20a=
%20regulatory%20framework%20for%20crypto%2C%20and%20I%E2%80%99m%20optimisti=
c%20we%E2%80%99ll%20finally%20see%20much%2Dneeded%20legislation%20in%202023=
%2C%E2%80%9D%20Smith%20said.%C2%A0>
, =E2=80=9CGreater adoption necessitates a regulatory framework for crypto,=
 and I=E2=80=99m=20
optimistic we=E2=80=99ll finally see much-needed legislation in 2023.=E2=80=
=9D
Read up on crypto policy=20
<https://www.coinbase.com/institute?src=3Dwhalewatch_cta>=20



 TAKES=20

Mark Cuban=E2=80=99s hard pass on virtual real estate and other key crypto =
quotes from=20
this week

Real (estate) talk... Billionaire crypto enthusiast Mark Cuban made it clea=
r=20
that his enthusiasm does not extend to buying digital land in the metaverse=
.=20
=E2=80=9CThat=E2=80=99s the dumbest sh*t ever,=E2=80=9D he declared during =
anappearance=20
<https://fortune.com/2022/08/08/mark-cuban-criticizes-metaverse-land-sales-=
yuga-labs-otherside/>
 on the YouTube channel Altcoin Daily. The market for virtual real estate h=
as=20
seenprices plummet <https://analytics.wemeta.world/metaverse/welcome> so fa=
r=20
this year amid the larger crypto downturn.

Major laser... =E2=80=9CNo one had the cojones to buy $250 million of bitco=
in with=20
cash,=E2=80=9D was how outgoing MicroStrategy CEO, and laser-eyed legend, M=
ichael Saylor
described <https://www.axios.com/2022/08/05/bitcoin-whale-saylor-microstrat=
egy>=20
to Axios the moment in August, 2020 that he became a Bitcoin bull by invest=
ing=20
half of his company=E2=80=99s corporate reserve in BTC. (His Twitter profil=
e picture=20
was updated withlaser eyes=20
<https://www.coinbase.com/learn/tip-and-tutorials/crypto-slang-guide#laser-=
eyes>
 shortly after.) =E2=80=9CI feel better about it today than I did on the da=
y we=20
started,=E2=80=9D he recentlytold=20
<https://www.wsj.com/articles/michael-saylor-bet-billions-on-bitcoin-and-lo=
st-11659538890>
 The Wall Street Journal.

Put a fork in it... As the long-anticipated (and long-delayed) Ethereum mer=
ge=20
<https://www.coinbase.com/bytes/archive/what-is-the-ethereum-merge-proof-of=
-stake>
 approaches completion, a well-known crypto miner suggested forking the net=
work=20
to maintain its originalproof-of-work=20
<https://www.coinbase.com/learn/crypto-basics/what-is-proof-of-work-or-proo=
f-of-stake>
 system, rather than transitioning to the newproof-of-stake=20
<https://www.coinbase.com/learn/crypto-basics/what-is-proof-of-work-or-proo=
f-of-stake#:~:text=3Dproof%20of%20stake.-,What%20is%20proof%20of%20stake%3F=
,-Ethereum%E2%80%99s%20developers%20understood>
 network. But the proposal was met with skepticism by Ethereum co-founder=
=20
Vitalk Buterin. =E2=80=9CI'm not expecting it to have substantial, long-ter=
m adoption,=E2=80=9D=20
hesaid=20
<https://www.theblock.co/post/162066/potential-ethereum-proof-of-work-fork-=
unlikely-to-succeed-says-vitalik-buterin?utm_source=3Drss&utm_medium=3Drss>
.

In good company... =E2=80=9CDigital assets are a transformative innovation =
on par with=20
the internet, cars, and electricity,=E2=80=9D was the conclusion of a newre=
port=20
<https://www.wellsfargo.com/investment-institute/digital-assets-world-of-po=
ssibility/>
 from Wells Fargo Investment Institute titled =E2=80=9CDigital Assets =E2=
=80=93 A World of=20
Possibility.=E2=80=9D The report is part of an ongoing digital asset and cr=
yptocurrency=20
educational series exploring the creation of what the report calls =E2=80=
=9Cthe=20
Internet of Value.=E2=80=9D
Learn crypto basics=20
<https://www.coinbase.com/learn/crypto-basics/what-is-cryptocurrency?src=3D=
takes_cta>
 <http://coinbase.com/buy?src=3Dbytesdynamicbanner_cta>=20

 NUMBERS TO KNOW=20

$6.8 billion

The size of the pension funds overseen by the Fairfax County Retirement=20
Systems in Virginia, which followed through onplans=20
<https://www.ft.com/content/7cb3f87d-7cb3-4429-952a-ba122efdda3b> to invest=
 $70=20
million in crypto lending markets =E2=80=93 a DeFi =E2=80=9Cdegen=E2=80=9D =
strategy known asyield=20
farming=20
<https://blockworks.co/what-is-yield-farming-what-you-need-to-know/#:~:text=
=3DYield%20farming%20is%20the%20process,in%20return%20for%20their%20service=
s.>
 =E2=80=94 despite recent volatility in the sector, most notably the collap=
se of the=20
Terra stablecoin. According to the chief investment officer of one of the=
=20
funds, yield farming presents an attractive opportunity at the moment in pa=
rt=20
because =E2=80=9Csome of the people have stepped back from that space.=E2=
=80=9D

$4.1 million

The estimated value of assets that were drained from more than 9,000 Solana=
=20
wallets during a widespread hack last week. The attack was ultimately trace=
d=20
back to an exploit of the Slope mobile software wallet, according toSolana=
=20
<https://solana.com/news/8-2-2022-application-wallet-incident>, which repor=
ted=20
that =E2=80=9Cprivate keys for the affected wallets had been leaked or comp=
romised, and=20
were used to sign malicious transactions.=E2=80=9D The Solana team currentl=
y recommends=20
Slope users generate newseed phrases=20
<https://www.coinbase.com/learn/crypto-basics/what-is-a-seed-phrase> in a=
=20
different wallet app and abandon old addresses.

39,000

The approximate number of cryptocurrency ATMs available across 78 countries=
,=20
according toCoin ATM Radar <https://coinatmradar.com/>. Crypto ATMs have se=
en=20
hockey-stick growth in recent years, with the amount of ATMs increasing mor=
e=20
than 600% since the beginning of 2020. But the global distribution is heavi=
ly=20
weighted toward North America, which accounts for 95% of all crypto ATMs=20
worldwide.

2

That=E2=80=99s the number of web3-embracing luxury brands that announced=20
<https://hypebeast.com/2022/8/gucci-tag-heuer-accepting-apecoin-payment-cry=
ptocurrency>
 they=E2=80=99re now accepting the Bored Ape Yacht Club=E2=80=99s ApeCoin t=
oken as payment for=20
their goods. At Gucci, ApeCoin joins a dozen other cryptocurrencies accepte=
d at=20
the fashion brand=E2=80=99s stores; at Tag Heuer, shoppers can now use APE =
to purchase=20
the watchmaker=E2=80=99s Calibre E4 digital watch, which allows you to disp=
lay your=20
NFTs on its face.
Learn about APE=20
<https://www.coinbase.com/learn/crypto-basics/what-is-apecoin?src=3Dnumbers=
toknow_cta>



 2 CHAINS=20

Will layer 2 solutions eventually overtake Ethereum?

Layer 2 scaling solutions help make Ethereum, a layer 1 blockchain, operate=
=20
more efficiently by adding more capacity on top of the network. But is it=
=20
possible that these L2s could, over time, capture more of the economic acti=
vity=20
than their L1 host? That=E2=80=99s the question explored in a new report fr=
om David=20
Duong, head of Institutional Research at Coinbase, entitled =E2=80=9CCould =
L2s eat=20
Ethereum=E2=80=99s lunch?=E2=80=9D which analyzes what such a change could =
mean for everything=20
from staking to security on the Ethereum blockchain.
Read the report=20
<https://www.coinbase.com/institutional/research-insights/research/monthly-=
outlook/could-l2s-eat-ethereums-lunch-august-2022?src=3D2chains_cta>



 TOKEN TRIVIA=20

Ethereum Classic (ETC) is an example of which of the following?

A Soft fork=20
B Hard fork=20
C Side fork=20
D Salad fork=20
Find the answer at the end of the email.
Learn about forks=20
<https://www.coinbase.com/learn/crypto-basics/what-is-a-fork?src=3Dtrivia_c=
ta>=20



 NOW TRADING ON COINBASE=20

GUSD=20
GUSD is a stablecoin running on Ethereum that attempts to maintain a value =
of=20
US $1.00.
 <https://www.coinbase.com/price/gemini-dollar?bytes_new=3Dgemini-dollar>=
=20
STG=20
STG is an Ethereum token that powers the Stargate Finance ecosystem.=20
 <https://www.coinbase.com/price/stargate-finance?bytes_new=3Dstargate-fina=
nce>=20
RARE=20
RARE is an Ethereum token that governs the SuperRare DAO, which oversees ke=
y=20
platform parameters, allocates funds from the Community Treasury, and votes=
 on=20
proposed improvements to the network and protocol.
 <https://www.coinbase.com/price/superrare?bytes_new=3Dsuperrare>=20
LOKA=20
LOKA is an Ethereum token that powers the League of Kingdoms MMO strategy g=
ame=20
where gamers fight for the dominion of land.
=20
<https://www.coinbase.com/price/league-of-kingdoms?bytes_new=3Dleague-of-ki=
ngdoms>


Trivia answer

B Hard fork=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
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 +353 1800 200 355=20
 =C2=A9 Coinbase 2022 | CB Payments, Ltd=20
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 +44 808 168 4635=20

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

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


Unsubscribe=20
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Pp5XvyMpAIFLI1D8MFKKBWFfWCwNX9hr-H_FZ5sw1zpDpkKBS6-Of6y7C8OOJ-58PDmyc21ypgz=
Ce-L6oyF7zai7OtzmfLCZmJ9SLmSF3hoh9O5enrJxyqKDws8SpE8iR3rIjlo69KXANpak341vL9=
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py1nrtdSA09v_tsAhrexS8kDrQoh9DR7ohZ78xXUapxkXPC-QdkBZcgwXrsTcgTfmXUHiAQMOco=
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ze: 16px;color: #0A0B0D;"><span style=3D"color:transparent;visibility:hidde=
n;display:none;opacity:0;height:0;width:0;font-size:0;">How BlackRock, Citi=
group, and other institutional giants are navigating the crypto downturn.</=
span><img src=3D"https://links.coinbase.com/e/eo?_t=3D3aca56371967418192255=
878e9689713&amp;_m=3D06850d2f07c6461cb26acd23ccaf10f3&amp;_e=3DIfpRGwDFzMyk=
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ak: break-word; margin: 0px auto;" class=3D"block-grid"> <div style=3D"padd=
ing: 0px 10px 10px;"> <div style=3D"text-align: right; margin-bottom: 24px;=
"><a href=3D"https://links.coinbase.com/e/evib?_t=3D3aca5637196741819225587=
8e9689713&_m=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DIfpRGwDFzMyk6T8pxjL3pp=
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nk" rel=3D"noopener noreferrer" style=3D"color: rgb(91, 97, 110); text-deco=
ration: none; line-height: 1.5; font-size: 12px;">View in browser</a></div>=
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> <tr> <td style=3D"text-align: left; vertical-align: middle;"><a href=3D"h=
ttps://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=
=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56VcuZFTupMU3tzm=
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lro0Sdaw-dJVDlICO0Pyqfbs4A7Qg1u0-hN7BtbTx-9wC7Fws4P2dL_GaTodNK5fZlcvIDNs_GV=
ilxIfSpDl7yb2sEPtYxvJ08M53FDSbPb8cwwDjg58GOxNmps6sjqXMqz4qfhM368uq-26Webg5J=
wxLhUIBQqn8NzEE7MVuOrtYx9w4AmHZ494ngKGPRmTv6JNKp8oWNDsPntHVah3DEz17YTXbePX8=
e9TdyCJqjGjePIruZoDKekiARgvTdF4Bmo_1roVVKQYrpE8NNf" title=3D"Coinbase Bytes=
" target=3D"_blank" rel=3D"noopener noreferrer"><img src=3D"https://d15k2d1=
1r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c54=
2cff6dd6a/3aca56371967418192255878e9689713/cbytes-4x.png" height=3D"36" sty=
le=3D"display: block; height: 36px;"></a></td> <td style=3D"text-align: rig=
ht;"><p style=3D"font-size: 20px; color: rgb(10, 11, 1); margin: 10px 0px 0=
px;"> 11 Aug 2022 </p></td> </tr> </tbody> </table> </div> <p style=3D"marg=
in: 48px 0px 16px; font-size: 32px; line-height: 1.26; word-break: break-wo=
rd;"><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: 10=
px 0px; padding-left: 24px; line-height: 1.6;"><!--<![endif]--> <li style=
=3D"margin: 0px; padding: 6px 0px;"><strong>BlackRock partnered with Coinba=
se for institutional crypto trading. </strong>Plus, other major multination=
al firms are making moves amid the crypto downturn.</li> <li style=3D"margi=
n: 0px; padding: 6px 0px;"><strong>Key quotes from the cryptoverse. </stron=
g>Mark Cuban had some choice words about buying digital land, and Michael S=
aylor recounts finding his laser eyes.</li> <li style=3D"margin: 0px; paddi=
ng: 6px 0px;"><strong>Noteworthy numbers. </strong>The total number of cryp=
to ATMs around the world and other key figures to know this week.</li> </ul=
> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca563719674181922558=
78e9689713&_m=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56V=
c4ZYl95qli5cGYywEOlmn-z0I1wVRii0OzVF-Cj-jNIMA7LIyZ9dzru3Arwmau_d_cccfnD6lI9=
pLUnki2YnPYPrsjs04uMexavgDUDPWW0u0B5BkhuvbDJ__jYCd1pp3mEPg_OVuQvn4LW3vFDbYB=
xwPto3WGqIHyNcF3GLA3OAxyrRmaJLLFdJ8B9I1Er2ebYPYZm4S2DVIlJ4fW217BobcZo-x_TnI=
GmBxVtUOrSqtIrj2cQ3x0WxI_CP1ZPnA8rUPFujcwKk3UzPVlrQIHRilnptkCKgk8p8LFIka6jr=
vgrcxCeFS8eechArtMm6itOAeuVJnT06j5RRvIP1X0KJN_7UNpkedVfKPKspH5N" target=3D"=
_blank" rel=3D"noopener noreferrer"><img src=3D"https://images.ctfassets.ne=
t/q5ulk4bp65r7/66HNXa0QT77ia01qTH51ci/48415bc97e81a20e23e7e5499fbde01d/The_=
big_firms_making_crypto_moves.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-word; font-size: 12px; color: rgb(91, 97, 110);">In July, maj=
or institutions set a high watermark for 2022 by investing $474 million int=
o crypto markets. [Image via Sirisvisual]</p> <p style=3D"margin: 0px; padd=
ing: 0px;"></p> <!--[if !mso]><!--> <div class=3D"desktop_hide" style=3D"ms=
o-hide:all;display:none;max-height:0;overflow:hidden;"> <table style=3D"wid=
th:100%;table-layout:fixed;margin:0;"> <tbody> <tr> <td style=3D"padding-to=
p:40px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196741=
8192255878e9689713&_m=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcx=
oUBWQ56VUPF2uAHppAgqYqQgckGqfzIPuKAFxJZa6MT17WsQ-sj1kxv4LTcN2GYYWdqZ7hyU1ep=
k14JrINFgT4EBWnacpZCcoSOhEuOoFA9irlZaBAGgoVFrRrcHNZm9dUf5BkpuaPM-cb1aoIOE71=
_Ie1tQ624o8TilU3TTRrCxgrkn7RhQ34LHTUlBcT0jjIMifOuEGksKkiVbD9PFn_ro6AaO8WD7D=
WK7hfwp4RCRXk0EnA9Hpxfmj3JHtncAndaDbsy_BUbjo8RVpzJXULXDc8e0ie3XQJc7_sBDp8Pi=
dp5isZO7p9C1Lw025_uy26v6v67NJhMkw0TbhU9tw6mEniJQdOVsb6fPDUaj3phNmjWnfviXY8i=
U2PaM3_irWgiOgCT16AIb1o7MX98eLtpeP1f9S0%3D" target=3D"_blank" style=3D"text=
-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding=
:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/=
public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca563719674=
18192255878e9689713/up-arrow.png" style=3D"height:12px;width:12px;margin:2p=
x 0px 0px 0px;vertical-align:top;" height=3D"12" width=3D"12"/> </td> <td s=
tyle=3D"padding:0;vertical-align:top;"> <div style=3D"text-align:left;margi=
n:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Bitcoin<=
/strong></p> <p style=3D"margin:8px 0px;"> =C2=A319,519.36 </p> <p style=3D=
"margin:0;font-size:12px;"> +3.39% </p> </div> </td> </tr> </tbody> </table=
> </a> </td> <td style=3D"padding-top:40px;"> <a href=3D"https://links.coin=
base.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D06850d2f07c6461=
cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56VUPF2uAHppAgqYqQgckGqfwhF1FROIZl=
LId1DQuArggvvNS13SNiUfATFTUJyT-XXhC5s-_nKrqOIal7Ru3AeuL8dQgkLs8HstCLkQce2y3=
zMgrqUUrBwXE0XaFpkirAUG6K6vOt0VAt5ZMOr6DPSwxn_atfr34vsDs9n5PagKbofTnu3mClHW=
GDqxIE55CTEOaDFs4swMC0zfvGtVioVCNX8-0qvmOm51LT0pFEv3s1ck27NB_qefm3GFDlr7quE=
g6Q_IYuZgY7cyU8qkW9L7iiy5p-LEhm2nEmkZIsxwkqw6pyNwXAPB6phb4_x5bLnqJQ4a1AMcfw=
1J_EYwOn5n6vb-EDS3qpqX841DObGegqo-za3g4MzEddtI8WIktm0ElubHtrbtnvkcubMyLbe5U=
%3D" target=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <tabl=
e> <tbody> <tr> <td style=3D"padding:0;vertical-align:top;"> <img src=3D"ht=
tps://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-=
46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" style=
=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" heig=
ht=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;vertical-align:top;">=
 <div style=3D"text-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p =
style=3D"margin:0;"><strong>Ethereum</strong></p> <p style=3D"margin:8px 0p=
x;"> =C2=A31,515.27 </p> <p style=3D"margin:0;font-size:12px;"> +13.52% </p=
> </div> </td> </tr> </tbody> </table> </a> </td> </tr> <tr> <td style=3D"p=
adding-top:20px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5=
6371967418192255878e9689713&_m=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvIM=
BIrBmlQcxoUBWQ56VUPF2uAHppAgqYqQgckGqfx8Gkigb2zaKsjwjHUJP1Cx7FH3lF6ApU_pgEe=
L5ZBzNXkbi05xt3-KwGIEGGvi15mOj2sq0U5EIwa3eYwvZQPjWWZuWkQ41ra6CFITGSZ0d-NsdF=
_5USkj0HgWs1Bm-t7AulEbzAJR8cT8Pg3z8p0K_0He6uvRDJIgXUyo6HSreKswhGJHlsuzlCwCt=
Y6WAg4_wlG2OqVRff-YF0XUMxd7aR9WdLYIyZQQTEH96cod3T8RrqOOLYoVp492NwHOXQ_A8ZhT=
TZSVk0nfzwoZn4oVibVwYLW5vp-8zW92zh4sg9Jiv3XOLYjhvrdUUHYdeVPl-rYkWe5sskwAaK3=
OI6551lpkWe_N_kNQ0GXBom4orQq_QTsARmOLvtRi6YP4Lo0%3D" target=3D"_blank" styl=
e=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=
=3D"padding:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.clou=
dfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3a=
ca56371967418192255878e9689713/up-arrow.png" style=3D"height:12px;width:12p=
x;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;"><stro=
ng>Cardano</strong></p> <p style=3D"margin:8px 0px;"> =C2=A30.44 </p> <p st=
yle=3D"margin:0;font-size:12px;"> +6.54% </p> </div> </td> </tr> </tbody> <=
/table> </a> </td> <td style=3D"padding-top:20px;"> <a href=3D"https://link=
s.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D06850d2f0=
7c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56VUPF2uAHppAgqYqQgckGqfxvsk=
B4HRUt1Rlye2MQC4kn_IVunhpR1AE6GOFwJ0nEWL9aq1Tc_ycM-BuVGsfooS4CZTVGxkueyEgM9=
SXovYJ5djMDYpZY3UYgoF-BCBGa3B3i4GcAtARxCmpOtum82AZycp1DtPeW8YDZzfwzvA7fhaou=
Wqv0fO_zQVx2Giwm0CoH3GrtHYTmB1k6cYk_kwX8UHsyxqlTFcyRfQTRwXQWfe9hNjNE_1v4TxH=
mV2QChBO77WCBUG3CJvu12nAvzD8wKkgorEsF-zSMgLnMje2P4gFO3-890WqP5YqNBnXnoJsepv=
X_SJufB7NLp9IkGnDaThBCCnTmHt8DThJaJBlomWPQYvx1RV7NW2Gx6g1EqPQf71MlyEJ4KY7yj=
lH5eWY%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/up-arrow.png"=
 style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;=
" height=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;vertical-align:=
top;"> <div style=3D"text-align:left;margin:0px 0px 0px 10px;line-height:1;=
"> <p style=3D"margin:0;"><strong>Solana</strong></p> <p style=3D"margin:8p=
x 0px;"> =C2=A334.36 </p> <p style=3D"margin:0;font-size:12px;"> +8.87% </p=
> </div> </td> </tr> </tbody> </table> </a> </td> </tr> <tr> <td style=3D"p=
adding-top:20px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5=
6371967418192255878e9689713&_m=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvIM=
BIrBmlQcxoUBWQ56VUPF2uAHppAgqYqQgckGqfzE-EmxUkKmN4GLsF_tLKd_gUZ7r7wyWNoKawN=
bdrlspHO4-5KuzUjWMGDYpsNaimXGcqUlVRCFLHBy3t9bIRwvYAApdtJTe2vCksVZXQQJknRH8y=
QrMNlZKsNyapbacCV-UK7Vr261b80hEo6LYZMFCqoScbpaAhgFNycFhv7MuR9PDYt0ZBEG-7FPq=
3SGzUt5OimbAVd8sWjN2DwXPjyKlPuaqj9aSbM4giIK21Ja_bOrzbW0pQZa9bIDbFibO_6ACcc0=
x0K0MrKK1GgztYc5v50j4SK_dEJaDQ8W9OZ0gOGgsArNFeFhBINNLPWQDOQRM3AtI1CFPBgEe1Q=
FQUe_CnYkUsvJxK-zENgWDNwX240T6n7254IZdG1xo-wiUJI%3D" target=3D"_blank" styl=
e=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=
=3D"padding:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.clou=
dfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3a=
ca56371967418192255878e9689713/up-arrow.png" style=3D"height:12px;width:12p=
x;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;"><stro=
ng>Polkadot</strong></p> <p style=3D"margin:8px 0px;"> =C2=A37.76 </p> <p s=
tyle=3D"margin:0;font-size:12px;"> +15.99% </p> </div> </td> </tr> </tbody>=
 </table> </a> </td> <td style=3D"padding-top:20px;"> <a href=3D"https://li=
nks.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D06850d2=
f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56VUPF2uAHppAgqYqQgckGqfwf=
YFDKbjrukPDCv9Y8Zikw_m5IjUrsw6y6P6mHAyKGbWpj5NYTMOQiT0-2NFNVAjF6nhvk8n34AUB=
5lrltLt3kNYH8_cFVvarI2ZRW4XmJM8Ze9z99THU-kzu3d11UjzWz5XPE-a7V0QrrX19dfm7qLR=
L_Bn3Yr-fjJhuVFBlPNSz5A5YDEeavossebBofnhCBUh0pTP3Kt2_LrXyc3fPA1td-zX7CGUT-1=
I_muxdR9KLKega8PLfRZ9mOtj41SJ8q3oPNAlNdVXcyElmLxIP_p2ahMvymkEbZ0H58be5bYxuj=
oULLL9Z5HVvIUCau1xXLoi9XlAryqnZZU0WLtI6r7g8Usp83CgC5XhGKjqTFnXUPvkq5j46mOQs=
qZsNBHYg%3D" target=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;=
"> <table> <tbody> <tr> <td style=3D"padding:0;vertical-align:top;"> <img s=
rc=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d57=
13-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-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>Dogecoin</strong></p> <p style=3D"margi=
n:8px 0px;"> =C2=A30.06 </p> <p style=3D"margin:0;font-size:12px;"> +7.20% =
</p> </div> </td> </tr> </tbody> </table> </a> </td> </tr> </tbody> </table=
> </div> <!--<![endif]--> <div class=3D"mobile_hide"> <table style=3D"width=
:100%;table-layout:fixed;margin:0;"> <tbody> <tr> <td style=3D"padding-top:=
40px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca563719674181=
92255878e9689713&_m=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoU=
BWQ56VUPF2uAHppAgqYqQgckGqfzIPuKAFxJZa6MT17WsQ-sj1kxv4LTcN2GYYWdqZ7hyU1epk1=
4JrINFgT4EBWnacpZCcoSOhEuOoFA9irlZaBAGgoVFrRrcHNZm9dUf5BkpuaPM-cb1aoIOE71_I=
e1tQ62zu40m07B9be6TersPhaFj5LlQi_0tDhlTz20k9n7eH0atTxFpdc42uDJ1mteH3DGxaPNf=
MhaB0y7Q8va2W9Xzl8ERvqZl-TIP3WZNR-Gk3GurTi9eTTeRuv_oZxhZYAiCM0e6JPixwYnUZ7A=
kYcVvtpGwuCPQ61qp56CMMU71e7IRjBMGpY6GIKDjHLSQeaJEXuuNCRE-He3MzJ_zactaMLePMh=
_pFRwS4ROMN9vdvynZLuG-5QbYyBSOWPuVSQk%3D" target=3D"_blank" style=3D"text-d=
ecoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0=
;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/pu=
blic/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418=
192255878e9689713/up-arrow.png" style=3D"height:12px;width:12px;margin:2px =
0px 0px 0px;vertical-align:top;" height=3D"12" width=3D"12"/> </td> <td 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=A319,519.36 </p> <p style=3D"m=
argin:0;font-size:12px;"> +3.39% </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=3D06850d2f07c6461cb=
26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56VUPF2uAHppAgqYqQgckGqfwhF1FROIZlLI=
d1DQuArggvvNS13SNiUfATFTUJyT-XXhC5s-_nKrqOIal7Ru3AeuL8dQgkLs8HstCLkQce2y3zM=
grqUUrBwXE0XaFpkirAUG6K6vOt0VAt5ZMOr6DPSwxn_atfr34vsDs9n5PagKboj50LjjkUJI-3=
RBC5xFYl1x--Ojyz3Xo7z6zkdMLFqJSej0HrGxxbgprETwrFDx3CL5zO03U8iEk01OD6nL4VG22=
3iNLLZOsfNAPaX5uIbgliv-GTq3hoC6X0XhdAkqmNCv3RGzasul5u_isNIzBwM2dCUP1vzB_nEv=
GdZzLqo5iy9O92FHfqG4MlZlGGIPyKRQfPfpd1aa-iPMcLTL1dBop7StuMmNqN_pBKDPcb_VY%3=
D" target=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <table>=
 <tbody> <tr> <td style=3D"padding:0;vertical-align:top;"> <img src=3D"http=
s://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46=
bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" style=
=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" heig=
ht=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;vertical-align:top;">=
 <div style=3D"text-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p =
style=3D"margin:0;"><strong>Ethereum</strong></p> <p style=3D"margin:8px 0p=
x;"> =C2=A31,515.27 </p> <p style=3D"margin:0;font-size:12px;"> +13.52% </p=
> </div> </td> </tr> </tbody> </table> </a> </td> <td style=3D"padding-top:=
40px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca563719674181=
92255878e9689713&_m=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoU=
BWQ56VUPF2uAHppAgqYqQgckGqfx8Gkigb2zaKsjwjHUJP1Cx7FH3lF6ApU_pgEeL5ZBzNXkbi0=
5xt3-KwGIEGGvi15mOj2sq0U5EIwa3eYwvZQPjWWZuWkQ41ra6CFITGSZ0d-NsdF_5USkj0HgWs=
1Bm-t7HjbzHiVWb56WzQjJnum3kO6ksJFfbuYOId-5DTdyT2835BGmXZlpauWW8bEVLDuNOrClc=
QsjayP-7Y0CXaNpN0rDqY4E1z1oHyfspuXq_8t4r2GzRnKXf1ykdkjm9zdTesw6LgCLMqpQnG9i=
qvVZczV0ELNqp5EfTtlynz1eXiAdVUmbxR9rgQoX6H_sqza5mwfNtw5yy64bmKbKsgN7EghhDLp=
BjsEmhaZn6QIVFIeuab4mmQh3r7EJPo7INXek%3D" target=3D"_blank" style=3D"text-d=
ecoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0=
;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/pu=
blic/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418=
192255878e9689713/up-arrow.png" style=3D"height:12px;width:12px;margin:2px =
0px 0px 0px;vertical-align:top;" height=3D"12" width=3D"12"/> </td> <td 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>Cardano</s=
trong></p> <p style=3D"margin:8px 0px;"> =C2=A30.44 </p> <p style=3D"margin=
:0;font-size:12px;"> +6.54% </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=3D3aca56371967418192255878e9689713&_m=3D06850d2f07c=
6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56VUPF2uAHppAgqYqQgckGqfxvskB4=
HRUt1Rlye2MQC4kn_IVunhpR1AE6GOFwJ0nEWL9aq1Tc_ycM-BuVGsfooS4CZTVGxkueyEgM9SX=
ovYJ5djMDYpZY3UYgoF-BCBGa3B3i4GcAtARxCmpOtum82AYQWELmavj8wX-l27NjO_k01-92Ue=
mlRV2lPXG0yrY77bGhjRTxxToygcsX-NROvhPFmhywD-3o5i0i50MsBOosEBqKF6JDxgz20wBUr=
mu49x7dGqwWs4YNoQtKTK6yrU0n-XDQ3Z1H01mv6twhVLyBIhgx9HRJg4vAkOVNLLhtaXe84r-A=
Llz1ttPFtamAxvTjScwPjUardQbbLr1Ef_dT6NIbGd87QBx8_rF7pobQ2X8g1221tS696VxTahL=
hwho%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/up-arrow.png"=
 style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;=
" height=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;vertical-align:=
top;"> <div style=3D"text-align:left;margin:0px 0px 0px 10px;line-height:1;=
"> <p style=3D"margin:0;"><strong>Solana</strong></p> <p style=3D"margin:8p=
x 0px;"> =C2=A334.36 </p> <p style=3D"margin:0;font-size:12px;"> +8.87% </p=
> </div> </td> </tr> </tbody> </table> </a> </td> <td style=3D"padding-top:=
20px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca563719674181=
92255878e9689713&_m=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoU=
BWQ56VUPF2uAHppAgqYqQgckGqfzE-EmxUkKmN4GLsF_tLKd_gUZ7r7wyWNoKawNbdrlspHO4-5=
KuzUjWMGDYpsNaimXGcqUlVRCFLHBy3t9bIRwvYAApdtJTe2vCksVZXQQJknRH8yQrMNlZKsNya=
pbacCV-UK7Vr261b80hEo6LYZMFfLYxMCKvik8y2HW6Ugss-lHNMDAM6S7EhnmTnAbKfcBPTKTx=
Cy05o7Sj_Pyvi-uE5chdPmaiCPLVRzKC4aVIYM1yKZQmfy2D-bMCY2q_c2J9S4svYGAbYSWJyJW=
pW4em6MhUuB-DoGHoBfuJFKk4O2cL9B6CXWDpqwwSNpeWX6nny4ih9gqzC5k6cSIF86JTiXuuvZ=
goLrhVmW9REjWs8OLgFhhqJl3L94jhrf6HRx8%3D" target=3D"_blank" style=3D"text-d=
ecoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0=
;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/pu=
blic/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418=
192255878e9689713/up-arrow.png" style=3D"height:12px;width:12px;margin:2px =
0px 0px 0px;vertical-align:top;" height=3D"12" width=3D"12"/> </td> <td 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>Polkadot</=
strong></p> <p style=3D"margin:8px 0px;"> =C2=A37.76 </p> <p style=3D"margi=
n:0;font-size:12px;"> +15.99% </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=3D06850d2f07c6461cb26a=
cd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56VUPF2uAHppAgqYqQgckGqfwfYFDKbjrukPDCv=
9Y8Zikw_m5IjUrsw6y6P6mHAyKGbWpj5NYTMOQiT0-2NFNVAjF6nhvk8n34AUB5lrltLt3kNYH8=
_cFVvarI2ZRW4XmJM8Ze9z99THU-kzu3d11UjzWz5XPE-a7V0QrrX19dfm7qAImBqQLxnjm-pRv=
TREFoeq8RXwrUO0IwZXjZmuKNf7Itz-RWeT6Xg1tOVl2ZcGllNnjpVYMplBvVOoZ79RyE7ez-m1=
NUGpvV-tbSxPeUianpvb-EwtKSPQ3LwLtucDCrMsYff_iwx9JKBvcMlGbap0G0bqdtKS3cXzG6U=
PsMempI1Pc5RnLXcvg7h-IfNb8XCx_eSu8mReirhl0VdzGz5oYuniVaxd3-Bd_QvUT6yvE%3D" =
target=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <table> <t=
body> <tr> <td style=3D"padding:0;vertical-align:top;"> <img src=3D"https:/=
/d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-=
bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" style=3D"h=
eight: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>Dogecoin</strong></p> <p style=3D"margin:8px 0px;"> =
=C2=A30.06 </p> <p style=3D"margin:0;font-size:12px;"> +7.20% </p> </div> <=
/td> </tr> </tbody> </table> </a> </td> </tr> </tbody> </table> </div> <p s=
tyle=3D"margin: 20px 0px 0px; line-height: 1.5; word-break: break-word; col=
or: rgb(91, 97, 110); font-size: 12px;">Price changes are for the past week=
, ending on Aug 10, 2022 at 11:02 PM UTC</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=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUB=
WQ56VUPF2uAHppAgqYqQgckGqfx_JQKNU61ReSWMjmZheHM4ResbBMOmDZjRWqZgImJ8lkvoZO5=
23yAp1zHeshFrdgNNiwi-WzRLnsXPb2fQgYt2CpXno3_SWHXJY1KRrkIV_H2OVLkS1vwtaQriQA=
qqCEuVWreDPauffw0fypKye9ReLSWLbR-7MiStDxlJfgVZEeOTEWb9dqwVTHVJ2xGa6tFZZWXYZ=
ezymgvaRzBRJ6ttOZEGA-KhBcjmO0zHYS4XC0h3CZvQhNd25HzU_Z5iMTMDpHJHlmy2tywk5Q0P=
s7gzD_2f1xAJEygL4upeTWA7nMWCWBes1IGtTQwuB3T3og9ep2Wv8089bkNZvBMTQ-89" 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=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56=
VUPF2uAHppAgqYqQgckGqfx_JQKNU61ReSWMjmZheHM4ResbBMOmDZjRWqZgImJ8lkvoZO523yA=
p1zHeshFrdgNNiwi-WzRLnsXPb2fQgYt2CpXno3_SWHXJY1KRrkIV_A-5pXj6joqZWY1uhH9jwu=
3pOBqXWdYCqjOsLok8-vYexYqpbOj8jStuawU1WeIPaVUSSc1-RhAwTh6RtJc5iV23vAUZckL8s=
FIgOmkidjIC7Yd3xd0OvZipCgIvfWSiiFXnq1XRBfsUmCt-cHOx85j0Ew8iN5J1fBpXIcblweW6=
LyX-StCJZIP1rK8BJbXDITx_8TDy-dEewSQx-ug_5q-aXSqpsXPcF_KGs7jDuv4a" 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, 2=
55, 255); background-color: rgb(0, 82, 255); border-radius: 30px; text-alig=
n: 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-coll=
apse: collapse; min-width: 100%; text-size-adjust: 100%;"> <tbody> <tr styl=
e=3D"vertical-align: top;"> <td valign=3D"top" style=3D"word-break: break-w=
ord; vertical-align: top; min-width: 100%; text-size-adjust: 100%; padding:=
 48px 0px;"><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=
=3D"100%" align=3D"center" role=3D"presentation" valign=3D"top" style=3D"ta=
ble-layout: fixed; vertical-align: top; border-spacing: 0px; border-collaps=
e: collapse; border-top: 2px solid rgb(222, 224, 226); width: 100%;"> <tbod=
y> <tr style=3D"vertical-align: top;"> <td valign=3D"top" style=3D"word-bre=
ak: break-word; vertical-align: top; text-size-adjust: 100%;"><span></span>=
</td> </tr> </tbody> </table></td> </tr> </tbody> </table> <div> <table sty=
le=3D"margin: 0px; padding: 0px;"> <tbody> <tr> <td style=3D"margin: 0px; p=
adding-right: 11px; vertical-align: middle;"><img src=3D"https://d15k2d11r6=
t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cf=
f6dd6a/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> WHALE WATCH </st=
rong></p></td> </tr> </tbody> </table> <p style=3D"margin: 5px 0px 0px; fon=
t-size: 32px; line-height: 1.26; word-break: break-word;"><strong>BlackRock=
, MicroStrategy, and the institutional giants making crypto winter moves</s=
trong></p> </div> <p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-=
break: break-word;">Is the worst of the crypto downturn over? Since droppin=
g to 2022 lows in mid-June, the crypto market has been staging a gradual re=
covery as its total <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca=
56371967418192255878e9689713&_m=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvI=
MBIrBmlQcxoUBWQ56Vau_B7Ag395xyRnb99gW8FmMagX0Ele4crEM8cExq6uclYN09yAlJIIPpz=
UFDhz60PIgc5FG_lUhVYlzuIh7nw5xwbOGYL8s9ycMrjgZVkBpP8YAU7v561_2Lc2A7wF1xoert=
pIkj2mMIMEfB9le_nHih5M5fanab74UsY2_1d-s5ZHNJBND8VJ_D0D2a-aZ8P8xq15C2sVHC1-j=
NzMMogUOu0sV2OK5mBZdrUk80hrjkYWb4KQ13xyPFtKCHNgV1wKL1gaHKJyv-5MxsSbXxafuiGZ=
zxLYgCfqjIhgULNrTpZp15ZAg_N52pLiR71gJC_VFeQeO3eFyRzoE8uk1cQrqcR1ZwNaKNH1UlL=
euGKm9drHnK3Dvmx2ZO_nZ0UA7Qg%3D%3D" target=3D"_blank" rel=3D"noopener noref=
errer">market cap</a> has reclaimed the $1 trillion mark and Bitcoin is up =
more than 20% from its sub-$18,000 levels nearly two months ago. Another si=
gn of momentum: institutional investors, including some of the world=E2=80=
=99s largest banks and asset managers, put a total of <a href=3D"https://li=
nks.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D06850d2=
f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56VRBjoazc8_b0QSOh4CJIBRwI=
XsT9lHrgKQgqNjOX0YSNaiP6IibOJgpR3PbxRuModfm64Q3FQhZCtGn_Ht1Zg5twIDEkja8IwcG=
ezi7fI-R80L9hYTukMztmwkUtZmLTPJActxiexuG8deoPEdHDP73I2d3Zrt9UfphY4pJHvuO7E8=
Q5SaqVKAuew9PBQKOTkBMEfn9x2aJLsJyLpqCfjCdWCJvsv5FcSxCppHpvougzuDt9zXRiAkY5a=
ObdD4UJ3xKK61JB_Uczdy453qn2b5iea7ICyJFc110UBYSlYtX5DdQBOYxO6X-D0iH5VOUPl-i6=
Xe5tw5Te0-tgLX7l_D8CDDiZAA4XWf0xYNliU58N0dIXd4NbqeWaektbr8-TdceP5jLwvgswo77=
WWjARRUk9uwQupLFIMkd7Lbpzq8x18OIGJtWjtXTYgcnQ-UnPrZn6vAkqk22o1XQIgYoXoFj8H2=
OZztCjiQx1aOcTsCRX" target=3D"_blank" rel=3D"noopener noreferrer">$474 mill=
ion</a> back into the crypto market in July, a high watermark for the year,=
 and nearly a complete reversal of June=E2=80=99s $484 million of outflows.=
 Let=E2=80=99s take a closer look at how some of the biggest firms are navi=
gating choppy seas.</p> <!--[if mso]><ul style=3D"line-height:1.6;mso-line-=
height-alt:26px;"><![endif]--><!--[if !mso]><!-- --><ul style=3D"margin: 10=
px 0px 0px; padding-left: 24px; line-height: 1.6;"><!--<![endif]--> <li sty=
le=3D"margin: 0px; padding: 6px 0px;"><strong>BlackRock, which oversees $10=
 trillion and is the world=E2=80=99s largest asset manager, </strong><a hre=
f=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e96897=
13&_m=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56Vaj15WYWL=
8wviE_beyu7c8j6Nw90KxI1wfXyK0UJ00zFmg1salS5_dqal2Na5DMk49lZuPB1SZ8J_unG9wsf=
cwR5T_lkt4RBq189jPLgz-TtsMTAw7rG5RqO-JxKeCpvT9wc45tzy2UjAcL3REq9t5vWyy4XxcF=
8yry-G7h8K5f7W-ipqBlZchVWzh14C6QFlY3BydSVEI9POogXjm1tolws-Yn-YURGOVdWz_Fugp=
nsD0ZW7QTxg0jpm3YMoYnINo9xvYUaSoizDOtbgNUkrAoLhzuuCgTb2qyhH_2rkbX122xOsiUat=
w2ItgbA9czn9m73F7pMZcIZOtqi8niqBs9BMAyTWbbyjHKSu13cBxEAwFQQHIbMLQJeUT2cap99=
GhGXuCA6qyD07Z5cm1TL1ULOYjTvdpQZOo9YXzNyeVvntcB2zN0vwEI8qz-OxdRAV1WKxdzO7U-=
Lde5qiZxXdEA-b2Z8nrMJzHXsDjMwIQpJIKqRDZ1kaYreAZ7JXh2N5A%3D%3D" target=3D"_b=
lank" rel=3D"noopener noreferrer"><strong>partnered</strong></a><strong> wi=
th Coinbase to help institutional clients trade and manage crypto. </strong=
>Coinbase=E2=80=99s institutional brokerage, <a href=3D"https://links.coinb=
ase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D06850d2f07c6461c=
b26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56Vc4ZYl95qli5cGYywEOlmn9EuMEzkxt2Q=
p6wefisNrDV6PSw0uTyWJC8yl99O2gfjnoHZiIPHP5W6Srik-xl-KELAG6gR_zsiZshsz0dPVBB=
mCn2yxK1qNq8T3-32Spf07UsgHCrkFjtjlG5LzrKDwpRvaMXJ7dFcOT3kcY3oCyJnAN39WOibZV=
8p8LKo9Hds1pHAXj_6KAmDlTGZPg7XV2vPTQ_kI3K4vFK7ZM7GYC2M4k-ZOj5NoBs3WcXMmZhUp=
F1PBZjHl-ZOqYkIEojYq6ud86qsFHLgH9Sa-bMUKEMCQlcKknaluWyZ9jv38A5xxu9PZ7Jv49Xb=
95QTOGNfFFE2uvawfWz2i5oua35EsAwsnrLlrHu0gskb8IQ4xcgVg%3D%3D" target=3D"_bla=
nk" rel=3D"noopener noreferrer">Coinbase Prime</a>, will connect with Black=
Rock=E2=80=99s portfolio management software, Aladdin, to provide instituti=
onal investors with direct access to crypto trading, beginning with BTC. Th=
e vast scale of this deal between the worlds of digital assets and traditio=
nal finance prompted one analyst to <a href=3D"https://links.coinbase.com/u=
/click?_t=3D3aca56371967418192255878e9689713&_m=3D06850d2f07c6461cb26acd23c=
caf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56VaJkcbvPdDG7w9KzXd27cHaACgUz6dl5Z6wnYXJGRF=
2cPIFbATlW6nrUtJ2i0d9dXTKRpRqLewiKQUqimhUIaqGSgJd0oNEWOFbTG-s-9avf9MqRuxe6N=
yL4twW2g-msSzQ8Zl0N8xTDEI2K0Kg9p_89al_-dNL4hoQA5EI9ytdKt2a0w7TdHS97heSMeRdE=
bWvPpNIunC-3gWRlF2XCZZhtyOWTWZtf90JdAyTOUxOvpoNX0RVrdNm81C-y-2PV_TvbiCDxLAs=
kO4Dy72KGXveQjsKm282dZ7Tksax7Ytjhz4bNGzGook-umeJ9ibiC-AyeZmcrrRb0tGbjB4F2vi=
MmZGbzYMft-HGWaQonBr7ODkaOEm3x2tBGJjqDNZb61dNw8BdYVOWFSzzdPZHcxy9kx67mTDO8U=
-EwDnH9EYirZvH_cIh5SFU4pwJopNn3t0q5e8kRF9pRV5UO9b8tA83NpKFAWnG0WPQQoJ-9kMi9=
H8-mDvAENU0qeGd10_US1JmI68LjOf7ndrMiwurZWo2nSoAyHjK1ABqKU6EiGUIK627Wsc5E_NS=
bZBThRqvLwhQO8hTiPNp9eDMzTjBJHJpB7yEfLQXA38Y0gb6mEeno6OrGRhvJZVftgzuNtOvyV-=
5SRfyFRmlMAV0CnH74oxvuRKeIBJsklv8l6v9Dl5CEaJSgL6u28F2038UFZnz89bOVy7uHauHKy=
pRFRqHb_C6Wh4awnCsqdeuvJSZJZkfazSva4vlfD6Q8Z4cMwtj1WqCZIJVA0B0glZh3GcwatsCE=
1ScP7tWoq8wqurMKz5lkKYODzyawPaRJQmofDvNhbLB0wUrvr8nOCOpD6bVauYmTfadbIiTLY9L=
qSr7n7BHjP5A00aNGVCzNt4c1lROtckbQom_UTz8prad8f1znQkIQRp24eCYypkd-7ITmPAW4pZ=
Fo1OyZVYBng9RmmdRCIg%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">n=
ote</a>, =E2=80=9CThis is much-needed positive news =E2=80=A6 and should pr=
ovide some optimism for the longer-term health of the cryptoverse.=E2=80=9D=
</li> <li style=3D"margin: 0px; padding: 6px 0px;"><strong>Michael Saylor, =
who turned his software company, MicroStrategy, into the U.S.=E2=80=99s </s=
trong><a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192=
255878e9689713&_m=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBW=
Q56Ve5zwe-SvU77Gf6XEQn7ce-MTyBpENXjCFYmGqKYdCByx1OplfrqWvaPcLgPtHFqGtECH-bB=
BtRhF1s5ub9yq2xhwXE6BG8DEri9GWf88yH5DtcaqMZNZYl2kjh4wifCtZVnBZ38uV1kvTsa6rR=
Pem9AJleV1H6Ls6bH5hUwpXwE7V4Aw1yVPQkSd0PC9ZspoeSQL6PlMVdUp_azn5AK2npMzmGQKD=
fxDDlZ1z_ZOK-WTdGVw9eOoSR2B74iGVrvCFmcbybqXKk_H0MpgDIGSre7D0MHG7Ug-jbwlSQai=
euVg2y-ZUPXVVUqz3sgnDMOYDdhYcmYG1rtS5G8V5OKMO5_4b_bmzWgDV9TgDdnM1RGE3NvxP_k=
OUoJR5NirNZPhg%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer"><strong=
>largest corporate BTC holder</strong></a><strong>, stepped aside as CEO to=
 =E2=80=9C</strong><a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5=
6371967418192255878e9689713&_m=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvIM=
BIrBmlQcxoUBWQ56VcOznLZIK37JEjyg6xYp3lcrIhyMIrVMX5vzqUaOxHZ11aM5_AnScjwbqX-=
OTCKbi3_CvxrKFdEBbDo60adTuhZidGUMYApl_d3cEuhaGonhGji607UFhCaz3M287T70ZhHJhe=
2TQKYUYj5j9k0hM8AHBwTRTdxXOaSWp_qSDxl694HheY6I9gKAv82cC5fBTLeSTfQrjBTixUEkl=
ZJ65hmIImqsz8iNgMQxWB01UQ2paZLGheNOioQ_JgNORoqxWH3mMww_JUrRYOJLAY4tYHUYviNp=
10OhRLac5pHhKdpz07IRJG78Ls06O7e7wJCUMXQHr49ou7iINSMIDJ1ckYIw0qJ196Ihu5WjjQt=
W0E9VBqf5T51g3wJb0VK_yXeToLxQ3g2EtoQjBg61Mrz5f93EnuX5cuBTKIj1KEXv_HCRe6uUL_=
AJq3HC0m77RJ3GQxlRB8_cCAoaaRasSHhRyJAba6FowQ_GcDFMjfz7M_Gde9YABVpIfeDtcq0WZ=
0hjNtBqHNlc1_aYiDnAasQcxSY7c61k8p-7u-L-4Kt7WAmcfsgxHkf67laDbbvxIE8RatF6RgSV=
v0mfVh8EKcZtghUo3vE2CqajFCpqX9vsuDgOA3BOcqnDjb5mYaJkj3EmNZHUwlbCqIHk9DhPAQj=
t0XSURfQOErFpu-UzdPAYKoK87_1Tz105sX9n1yaxPVlb5SCA6B-wKgJgzbNBPOjcdjyzMmVr1m=
yK08l5oylGfxGAgf7qzdg4rsBFqPeHCmqMo0bFBftrlYRaSI8rj9vCwwA%3D" target=3D"_bl=
ank" rel=3D"noopener noreferrer"><strong>focus more on Bitcoin</strong></a>=
<strong>=E2=80=9D as the firm=E2=80=99s executive chairman. </strong>The ou=
tspoken BTC advocate announced the move as MicroStrategy reported a 2.6% re=
venue decline from the previous year and a $918 million =E2=80=9C<a href=3D=
"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_=
m=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56VeA6lQvZIdQf7=
12w6dU0Vjh1fTZiIstJh6NHmIjylvy81XTOj0ywsGX1LrCv4fB0Z3oLZ4hr1EwpQ0ETQ5Nal3fV=
4BnaiUWqBMMN3_76bctqQEaxQfuBCoimzGqgPwP0kEtExCN45KSX1NdGNk5rJWfZv1h0oFXDt78=
udVw3OBF0Cwo03Cfvu942C5HLgo8GJnwvXAKDn5v7MBG6P5SeQ4DEwjZ6vA7hvbo39Me8p83vVL=
VpGbUICja7N5bK-7rvKN6ub_ciI2AWNakUI_UMIsZIBp3KMyU6fLtHBJeQVNJASyZxb3JswqXmC=
-dCHY2grf4G44Er0YVIpXe35-6fTu0Ak7N6wCJSywaHZKhdwyCIpn602SXCH4v66ee9Ewqc-bh8=
d3-gC-DbwRAEF1afqJA%3D" target=3D"_blank" rel=3D"noopener noreferrer">impai=
rment charge</a>=E2=80=9D on its digital assets, fueled by the recent crypt=
o downturn. Saylor, who was the firm=E2=80=99s founding CEO in 1989, said h=
is new role will enable the company to =E2=80=9Cbetter pursue [its] two cor=
porate strategies=E2=80=9D of acquiring BTC and growing its software busine=
ss. MicroStrategy President Phong Le has assumed the CEO role and added, =
=E2=80=9CIf we have excess cash, we=E2=80=99ll put it into Bitcoin, and we=
=E2=80=99ll hold.=E2=80=9D</li> <li style=3D"margin: 0px; padding: 6px 0px;=
"><strong>Bank Of America, the second-largest bank in the U.S., released a =
new </strong><a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637196=
7418192255878e9689713&_m=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBml=
QcxoUBWQ56VRBjoazc8_b0QSOh4CJIBRycXVsFm9ggIIaHskLhphULoorKMtV4mhbKD56W5YvIn=
nbHameVYAcSFLJtOQFwKUzNcRH0HaoGjhb7_fXIfwXICaNWGk2WQHEA60t-HYhK-brRtGLhpTIC=
ABbjAoyEVL-n9wA1Nf-YIPRMAcVEKOcdrnxpY1BPB4QyRuMa2th9U9PMCbOcjiUaSkZsKB3NsKR=
XO1evSVTjFTnY2hDWiikDpkn5-h-zzPO2XFhG5QB8aRE0MqY7akmTIoTc5tveb4ZDhvvkdl-qoM=
m1hj4t9HlB6LXkCzirLB91iXnSVornAKD89Iu7cjz_0geY95mkCn_ea3iq38Xas0sGNHgGvVicI=
NNq3AcKqfY8Nw1cyubKZ46ddlsJfYieSPo-actvnGWuBotJ2IXfuKl4KE4LB6w_lmt-gCbyHR1m=
cgTA03BX30_tcH4QOS-tQeP9-ifIUv7Nydm2tpkQBAkpzp20EN2ol6DZXpSiLJN6v-2SRblUZdZ=
QKwH86T5zn9cRrx66cknS-2mIUNwYeGIvtbVCuddCiizwcVYwcMC21GAISHgq4PJSVi38K8Ofo-=
MluAZfTwk%3D" target=3D"_blank" rel=3D"noopener noreferrer"><strong>report<=
/strong></a><strong> asserting that blockchains have =E2=80=9Cintrinsic val=
ue=E2=80=9D </strong>and rejecting recent <a href=3D"https://links.coinbase=
.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D06850d2f07c6461cb26=
acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56VRBjoazc8_b0QSOh4CJIBRycXVsFm9ggIIaH=
skLhphUL6sTZOGXWpndH7JMROqz32L3LOVrMoMGhNY-2qoCGJrQzBeTJjeac0-UUJvP0aIPOuEH=
pwCd9VKEpSNpQhDQhRGrdANTdFpjOn-xwRH0t7uUGD2-xjkzcBZBk9g4onoXy7SI9IWuw6_ZdZo=
6n74g1pa0OWhsBm-SIZgBmTD6UoDVY_zJZVVFWpIKj2At1kKeArFoTSxcGSiToDGjaqei_PiOvF=
vB70xZE1_BLwFqf3cg81cF_Iga_QGa_iSOdEbmAUxCYc-vSeDohpeDBk3cSGj_Tdn-FgoXDb78L=
nf7aYszsmuQ6gOiusQmTbvdbhlZV9So35eONmiVBpZhKHB3a73kJRh07HgQ768JJHotoNoIlmNE=
HJiEY5QxsjDznmlXE5ZbRoO4NklVPmWCz5iU1GLVhcdnYBQApxd1Z-IRq0L4%3D" target=3D"=
_blank" rel=3D"noopener noreferrer">claims</a> to the contrary. Citing Ethe=
reum=E2=80=99s transaction (gas) fees =E2=80=94 which are generated when tr=
ansactions are validated on its blockchain or via <a href=3D"https://links.=
coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D06850d2f07c=
6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56Vc4ZYl95qli5cGYywEOlmn-4EnIQ=
3LjDeOQayjgzV-R6P_wX-fEZCqHhdP1vjNF6wgWFTRPz0SexaI02osmtEWPC9WJlmMxWQazLl2k=
YShn26mPW_XP_NQQl5QNKm2Na5iIk6lyvsRO0IUEF0t2wPNIKyDTG8STaL3w6ag7s0MMe2vSyVD=
1iD2qUlmiBxDuELJYZ2Wph0mRLuMX9Ae6qj4o2MgZgm8Vkv7r29M-JUF1z5NcB-ThTXAkU44olJ=
vy3h6Ao8tJS_v1r9bTRaQwbRPcHrTvfuAHiMAlvISvp1OS0h4fL8ahiegME9WdDulrfLAuYEPHP=
pA8BNDgJwVqYvq_bZFFb9rK2suOTE-CudveipGni-98dM6lPTGpFsjRskz7t-2RtNYWxHG__EV0=
QTyA%3D" target=3D"_blank" rel=3D"noopener noreferrer">DeFi</a> apps (like =
<a href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878=
e9689713&_m=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56Vc4=
ZYl95qli5cGYywEOlmn-4EnIQ3LjDeOQayjgzV-R6c3WDV5pJv8edi0CmdQTI6QlOWKiRe1e29k=
5jxuW0dqrfT5SsXu82YoYS9gN8vzb6E6aBPfL64T_VZFpoy8snOAZbybtUSu_L49Zpog0FCKBWp=
zoaSWL19bY9rMrCzFmfoGhV6yFaybjD1H4ceJjoCtoNjZvu0M3M9b7o52teWj8A42MGexmKqbCf=
E7AtYqAVz5P1iIwFUJOsFplFoJnKnR703anAl85zUQ8f_xiSEYLMhacMijSaHAHKAnMQwlsqwek=
bxLJM8W5JW2PaUOcUt2NFFDEMgp3S_Q_Ksu2nJnnnIniHNCnHa_JKh06OE0PNDcOf-KLD50KDei=
oEksFrAs_V5jTVwhCDtmh4CrIWP1U%3D" target=3D"_blank" rel=3D"noopener norefer=
rer">Uniswap</a>) that run on its blockchain =E2=80=94 BofA noted that the =
second-biggest blockchain produced roughly $10 billion in gas fees in 2021,=
 which was up 1,558% from the year before (though fees have declined so far=
 this year). Meanwhile, both <a href=3D"https://links.coinbase.com/u/click?=
_t=3D3aca56371967418192255878e9689713&_m=3D06850d2f07c6461cb26acd23ccaf10f3=
&_e=3DpvIMBIrBmlQcxoUBWQ56VZ9gr48NP4-Kl76DSgYvOZFVxuM_H6Xd9XNZ8G3_QCbbPwHPo=
AsOGsvj2gHmrIOQsISadrZ2jKWDBUdHn4h6vC6JpEGeg4fLnSmUf8mX7rxjGsBNBOrIKO2xoehY=
CSnQ6jox6Us21wJh3y9zZtlTwY8cLCUECtjoNFfUYBy8xLTMiruw-Qrwn0Hxr-thIZvldelenZz=
DAKAGa919nEUfXO1yp9MQKREouwcMhRAcjlx4VXQEGDqyYLa4R5R4Fhj9SwOEsaMz2VMDCHHEzV=
iR90Cu-tSGuNANs7Mda7gC0Ip5sHvdaOX3No6p0IphYZPjMVlm3BWGPdT9jAFk9A8AhAscnVyq5=
d7uUiByAAe0VhbvrAuxsO13NESbZzaVTgYYf-xzCycPerJ3A4qePyO8gXXK6I3vgUt-hLnojId6=
VkpgMiyV7WyiykSfVUw2PuIRPQx7lo0d3PYahzykMUnfhp4%3D" target=3D"_blank" rel=
=3D"noopener noreferrer">Morgan Stanley</a> and <a href=3D"https://links.co=
inbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D06850d2f07c64=
61cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56VZ9gr48NP4-Kl76DSgYvOZEW82NPEV=
FZZQ-u5fGEzjDB0l4ZM_3D4jXMyIBTlihGoe44REdgIuf6WV4wHUzxKNfUrFnklZSyUm_KZLt4n=
B42vn1ODlq-3QhDkBqIalUiHiaOAmJ9da512xEpMhgxZiPjQCRAnNpOiBRUvpc9mOY7zdRoWDpC=
fRFXIjflSnjl1XsivAkNyI2n7x6zIU1B8ex8Xzt0-Fn80K5f_I31_LCEpTnOFFs_ZlE7iwe5TvK=
x0HhOPE0GMGj53Xz7WblwkSXMiAeevsXEsGgFpfYku_wY6XjervmfMrdjWDWYWTaAzVOx_KzCvh=
YZvh2hXWh6XDU0okcN51sqUgE9Zjjlr5JETZdwPYq0bXtQ-dIfbhYk-z7nv39vSn1fWUziTJlY4=
_OFTymblovF6QN4bxHLAZJWhqEHUePmrOW6A1LB-qUGwVdVcZR1imLVJyZMfj9qp98Kt0X1OAgv=
zLvGtNKaa1X9A_EDR_JmrXvOHyBTMWbTVgugreoFk2ptOwmF33BWmOc%3D" target=3D"_blan=
k" rel=3D"noopener noreferrer">Citigroup</a> recently posted crypto-specifi=
c jobs to build out digital asset products and improve DeFi risk management=
, respectively.</li> <li style=3D"margin: 0px; padding: 6px 0px;"><strong>E=
uropean asset manager Brevan Howard raised $1 billion from institutional in=
vestors to launch one of the largest-ever crypto hedge funds. </strong>Thou=
gh web3-focused VC firm Andreessen Horowitz holds the fundraising record wi=
th their <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418=
192255878e9689713&_m=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxo=
UBWQ56VWy2d_Jn2UriJ41XClUa7ItXrp2_UwrXeS4lWnk7OQLbZ-z0nShahdb4N8iEN9CPYhMHg=
Nndq1moFjFI1ApeBdjGeX162idDkD3MrXxAuwOOWW9guliXjaIYZXA3MAYGufpGYkpiAQhEYdGg=
Efn_q2jYQx1pjKjndxOtPTfoWT2JDxJ_G8_XRveD7Nfkez6xqVrkUyRnVisL_jhZiL7TGe0khcd=
qZWzTcSLiPS0vcTUzqSu0ID3snkKVQQSPKC9W1y_a3dzTX9ia0SRD3O3epbfXiUHDjmeO3wLDSH=
_Q9vs6pj4uMJGtaYYwnvdUP9oO73CE2C9Ja0-Ieo_AiR8M50BENLUPOY2gedaNO_iQ4ytMeSH3z=
QMaqvZzoGMd1A_Ihp3_l_JEXi9XMbgW8pDH3X0gLWxuDSyFZKhIaCq3w3rMEhXVvABVYQTSNLUt=
XCGYw2NQ2KImUjRdUGaZnw6BV8U%3D" target=3D"_blank" rel=3D"noopener noreferre=
r">$4.5 billion</a> crypto fund, <a href=3D"https://links.coinbase.com/u/cl=
ick?_t=3D3aca56371967418192255878e9689713&_m=3D06850d2f07c6461cb26acd23ccaf=
10f3&_e=3DpvIMBIrBmlQcxoUBWQ56Vcts0q-WcMqZzJUzgps4eUPeJ0y4ilQ336EZZaUZYmbel=
3SGsP4wuDNep2p7EmGd4_7ypEuIwJ6dVA8NsTZaaJv9nbOeKmJeyv1jJJUAzdw624gY9u4nhAy-=
XGWbAaG2L4kNEDIjMFCIJGliwOqcMSL9CGwvScgkThYASKvzkTvrytK1QWDjnLtr4PtuSQ6wFlW=
0frqjsD_NgKNwRq_fM1m0inuwgYFYVtdPmb5_1HooBuJ0U4zYL4cXdIbD4n2GkToAzlNYhtNtOe=
UOwlmvw3xxhjtLs6ea9O0uKvtIOB6_JzuF_AQQarI0Uo3-A_l1w6wPWps5NwW916mX117Gmqhid=
ykmcxdvJQ9rMKyWCrRolEG4QqdJZODBt62AOPtGb-wRnvq4LmzzNibgU5fcMbn98YqU2IDYjHwR=
79B8tZ-0T_tCwYi_8rrZ4vhp2oVfwUvviMCh0P0qStV6156q8Gfe96tZ9au1dGK5XrHe9-IRObZ=
kst7qQ2BBLvqvlkk7K4l487XPxSFdF2uvB-BVmwDqMhJLV53H6-gPJBJ49ppmrW_zoyQw8jvpgs=
Cd3VG6FNDUvXxM8LYx8VzJmg0YJP4%3D" target=3D"_blank" rel=3D"noopener norefer=
rer">Blockworks</a> notes that Brevan=E2=80=99s capital is =E2=80=9Cby far =
the largest commitment to crypto by a traditional finance asset manager.=E2=
=80=9D Meanwhile the former crypto head at accounting giant PwC raised <a h=
ref=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e968=
9713&_m=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56VZ9gr48=
NP4-Kl76DSgYvOZFXEcHDBbPJINoB5-YTQK6tVcdb_Pm0oExjiTNfQx-HoCbfR5WDLesqmD0pY5=
RfrHD734Z6pu0OkSviFEUiqsDvyUgX9gmmxy0pErt2SQdAvsdl706du7ubihpNmnh6kF9ebaEoW=
AVED4_hVn9e7h0W8IGetTA0u4xu1DrL8NRQNsOuKITUxDcQj6SjTy1y0j2prfDL73vQTM8x_7LH=
JtGGGpBaPNV-3h0gVPMTq6ltbgRLkLBJLX22mg4C_9i5rfr5wo3Ft2RW0PPGgFIfA5bIQiyESba=
ob6U1S68fJbsQLgbogPbsxiV9n_K3Gd5q_ykmnNmN5emJ227G2WsDbL-h_KGr3YbpYob9Iu-nW9=
RBCF89rir8gp9a9SSLBXCh7gHKZDkOaDoR6FwPaSgfAlsFo41DAB9rcRtuBLO7KcBKgFdXNCJj3=
40i0TkDDWbcQbO4zQu5znKoOjX0-uxkf6Q07VdbZ7Ddj4EjEegSVuWmuA%3D%3D" target=3D"=
_blank" rel=3D"noopener noreferrer">$75 million</a> for a new institutional=
 crypto asset management firm in Dubai; and the CME Group =E2=80=94 the wor=
ld=E2=80=99s largest derivatives exchange =E2=80=94 is <a href=3D"https://l=
inks.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D06850d=
2f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56VaJkcbvPdDG7w9KzXd27cHa=
ACgUz6dl5Z6wnYXJGRF2cxWcT9Dy24qiznPtcl1dyk_s1azQi8NvhlRx1vUg6VsXlAGWAP32Zsh=
08KQWEt4j01_qj6a7zQ3JRQ5A8UD1X0osfhEatRUakEwpy84KdlhxroPFO8eYciqK_Mrv1KqEdw=
kjPHBMbcpfantxAD1sHs46W0bKoWUvlA9uOQDOfh7aOz9obJMUgRnnbR-i7WZYmRnP7Cdv83JHP=
ffp4BvDeRETxu-LjTlSlpfm2DKcbasls695RyOzFjeHnjLGNPV6lJasshZuMY0qdNpHAq7Gmi4k=
P7Vnc3-bc6lWrfyQYqyiGh1dV2VZHSb_Dk9FJv-_5RimCgHlz5yjTjN9zkTZILoKn4DdvQduisc=
UDS0YtuRgZZSsAOlorBHEyk3IjoM7sDDgzdNC5QGRkpXvenIb1Xg3772Dg7WrDr_LY1u58vqVwP=
eFugunMeIScBRWVaLA0U6iLEPd9lGRN8xxv5Up9Sw%3D%3D" target=3D"_blank" rel=3D"n=
oopener noreferrer">preparing to launch</a> Euro-denominated <a href=3D"htt=
ps://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D=
06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56VeA6lQvZIdQf712w6=
dU0VjiU_UKRVABfpQTuYsHNa8jdKdonoJXCJCikmNyEVjYMOAeH1qxrGNUZ6BIEdI9-NARalktz=
09puxewjdO1dsR1YLT_F00PRX8OXt0toCciynfsVoDMGw7rqSnCWQzcEHDpIlqy1Oam78-Sabic=
HX_IjAStkyp10_1-xl-TleAN7OP-t2AY7q2eYc-KbcKfnWP9fNUe_mlaKWi4AMrWzHDtfHal01u=
7ZRsEu0Z7Q0FeBXUbSCulV060cY7UQtjqahbL_rfHWGdA9UW9cLq5H_s_7sPtAroGS8F-koA8Pb=
5PPAsFu9E9I58GS8yq8jdxW1KbI9KtRFujdYBEX8TObHeVNEDtlhG-DAWq4j3mPF5-4egG3NZoN=
PFj4r-kxDrLcO_k%3D" target=3D"_blank" rel=3D"noopener noreferrer">futures</=
a> for BTC and ETH at the end of August.</li> </ul> <p style=3D"margin: 0px=
; padding: 0px;"></p> <p style=3D"margin: 16px 0px 0px; line-height: 1.6; w=
ord-break: break-word;"><strong>Why it matters=E2=80=A6</strong> Wall Stree=
t=E2=80=99s entrance into the cryptosphere was a key catalyst for the massi=
ve 2020-2021 <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196=
7418192255878e9689713&_m=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBml=
QcxoUBWQ56Vc4ZYl95qli5cGYywEOlmn-DiBoHDTMpyPvLXQ-d5D33DW1QqBa1pcsLJRfWabaU1=
hYpTlAMq5nkmHQEWuiN7bKp6xhzm5xF7XY0e4KhKK_vJsLsXHg70PKD7EFyc6wSJy2dFvXoHNaw=
YvEy8rVb3tRBC8VVsMP5fzhxHBzxl3Tb3MbsiOyu_VE2sqHJFY2rX5UZbqBMSUf7fXOk9ISYZUB=
v4uruTrRomcwpyRcIeO5CNK2tVd6PtnWLrY8BC5Ej8TapAXz0Kqn6Ded-UgB54c_-GKFnIGozlS=
evjsY7mDAc4DGhI2hc2upSRRCC8xbGbBpG5kg0UKcgUMeeJCeSoCcKhl6MdTtXqoQNJoOGX3iLZ=
09maae3FS4C-5Fcjp3kuXXxwHytoPPktRdnIcMHXWXsSLAVL7jcYY-9RNTLr_YH" target=3D"=
_blank" rel=3D"noopener noreferrer">bull run</a>, so what could the last mo=
nth of institutional money flowing back into the market mean for the future=
? Depends who you ask. J.P. Morgan, the U.S.=E2=80=99s largest bank, releas=
ed a cautiously optimistic <a href=3D"https://links.coinbase.com/u/click?_t=
=3D3aca56371967418192255878e9689713&_m=3D06850d2f07c6461cb26acd23ccaf10f3&_=
e=3DpvIMBIrBmlQcxoUBWQ56VWy2d_Jn2UriJ41XClUa7Ivoagx6CBwHGSjxAJk1Wt3LjjXW232=
ltMF-we3BbnJWehT-qIPfzy6pP9WRQYYwm3G1YtS9zUFyRAQC0l8qlyp3tdchrKzkcav2G4F3Gn=
z_NIYnVGShxEVn5iXkcQX5eNGp2dU_o7dL_Luq94hidAqxaInZT1M9mqS3uuNN0XsSfv5udfwfB=
XhHE9vCH7K3_vZszQXTnYb_AyK9LHueyv593GuOTiTzPnbr7N0A-5cOvovpJMBbsKmB7nBHBuUR=
5E0cClJQqJNyS8N5LVpuC3V5NyUxFoOkJJGGLCDFf0xe_OuxtGRWg3iydjITn4GzDbokZZoaDNV=
yCrbl72kHxUsyO0Ydb41hjQdCZwXix5UmE4J50MRsQEgUauzAj5KrWwBQ7CYDyNxfyljDZkEX16=
VZlxkxXDnpkYUSwu-ObEyY0Q%3D%3D" target=3D"_blank" rel=3D"noopener noreferre=
r">note</a> on Monday, stating =E2=80=9CIt appears that the crypto markets =
have found a floor.=E2=80=9D Others, like <a href=3D"https://links.coinbase=
.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D06850d2f07c6461cb26=
acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56Vea_icBOAORbSZjF_qraMChoJ6ew_xefXv0h=
OvzmiNhuQHtEO2RYhUbALyRWBW19N3krERvhjuoiFGZjM8o6vZUrtPbLDjrz2COYBZpz1c7lIfE=
r28xMFneALaCDZ1WZlAfRWI9Kcjl_BpnpPxGELPLivKSuGyDatB1aM7nm15t7dn6pOYnsB2c5bI=
YLtcAlM0_7kxXlv2CK4ZBnSc34TJKGxFNLmJCscNCYlcPTCdvKY1YLWl9iL80bJmvbL3ZgsZBqb=
0peWwsQ_MAAN1pEzRYvh-KAVBeC6YlKh7yGBcIeEHRrji61eZrUBQhfy8tWS6uKl19kvlJPduqx=
pz1vLvuOTKG6v91_-2k5TE1MMCTCe7atg_6anM5zr5g3go48mw%3D%3D" target=3D"_blank"=
 rel=3D"noopener noreferrer">Blockchain Association</a> executive director =
Kristin Smith are trying to think a few steps ahead about what greater inst=
itutional participation might mean for the industry at large. As Smith <a h=
ref=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e968=
9713&_m=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56VfCIMmd=
A6W5gs-dFjHre-ppSUkyNiHxn0k4Pr5sU0tlg729nbKuQWF8e2Z8hUJZgRJ5m60Ubxyilk5TiAd=
Yp1OMay9lwdT53HA0Oi0Gf6FqSd9qrZ5l8CTQkjtLAiGsG2fjipGFt-K27nwnkpYrJhpRBxsdSr=
_nRTU_ApPmOwVF9Jxn2Zyl9vzCOt2_VSP_PWMwlrM6uYLe0qnSfsbJrRUTSZgNV0BOuP2d2eFzm=
fcQ-qLYGoZ5AfhVbPJfSMy6m4tS80rNbysU3s4ju5Kiu3HzRGoEt-J6e3Jg6_MBgBtJiqr0DgfG=
Ryr-FW1jqzF__-Pe_2AuerPOmvAmpV5CivKN2eaSUrun_EUbmihTHSlkYOSlP6L9HJW18T9Z3F-=
ZhgxfJB0yLUosXTlnT6vRI2oT3jjO2E6eFU8G86XZJNeT5rTMhy20YNjvvdaHN_4sMs0alOR74m=
3mkoHrxIB6ME0xCioQHGRI2VPwyRAAE9QwXNYdaVAhitxPywTrzB-hPyTnxOddjnpfxZs8EG_KO=
3sE0ukQlyUFsaTrqv9XFlQ4BmVvjOin7-HD_aNWkr2s0JThq7ziS-R1pzGGmMZ58WZRUR7eUiU1=
u4PhCH736EKc86a-V_VpVJ6wxquI-O02Ys_7GzNw8l8wPcnLzKxnq_uwfMDiG3clxcj7Qsr3ihF=
T-zofrnRomgqXLkZlmJHEL5Z-J5LDVVYYyy0j7rnUcObzaUKl-EHQhKvR85f02ZHhTlHjETLquY=
VbzFVHoxw5BsA%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">puts it<=
/a>, =E2=80=9CGreater adoption necessitates a regulatory framework for cryp=
to, and I=E2=80=99m optimistic we=E2=80=99ll finally see much-needed legisl=
ation in 2023.=E2=80=9D </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"=
https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=
=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56Vc4ZYl95qli5cG=
YywEOlmn-N7MTmngUcgOHNmlbGYZE_zz0nnDMDiK4Clcgnhx5rzBZxA7yK_QXGZuSUAXEA6y3fY=
EQk6koGqDiqi3fjsDNK6mQqrm4Kwrpi63Z_IVMtRA6YbyDgVbfpFg30W7a2sndp4bt31TuS0jsE=
psgK00yUMLrtzqfJ00eJS_KnPblCcjQdSFxeGH99cel_915aktmB3huRrn__ciAzsaQlyHGF_th=
h-1Gh2fJklfZINE78VTMQ4cmFhC0qo5H0ZPi7-mgzYneUjmmwhAWhwnPOWQGGnJHR1GDYdJQhYT=
J9X-DrjnPsMOneQ33pByXWOhKUQccaF0X4OLvvinw7nrTHdnfm2ldYIwi12pv7v3whGxXcfWQNZ=
PSySCUEf2MVrIVVir8%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, Helvetica, =
Arial, sans-serif;"><![endif]--><a href=3D"https://links.coinbase.com/a/cli=
ck?_t=3D3aca56371967418192255878e9689713&_m=3D06850d2f07c6461cb26acd23ccaf1=
0f3&_e=3DpvIMBIrBmlQcxoUBWQ56Vc4ZYl95qli5cGYywEOlmn-N7MTmngUcgOHNmlbGYZE_zz=
0nnDMDiK4Clcgnhx5rzBZxA7yK_QXGZuSUAXEA6y3fYEQk6koGqDiqi3fjsDNK6mQqrm4Kwrpi6=
3Z_IVMtRA6YbyDgVbfpFg30W7a2snfj--6Nwv0Llz7_YlfbMM7gyKLyNE5LSqBCDz4WTdAwGatX=
F2h-jVIkOShpEJhUUE7qmWt3vqONF-2C96CBLwb8X7elgczHgnmxjOJ2CxNZvRcn6LkqDiG2lcd=
uZ0mxZ3dHu0_shcdp4_SNFcR5OTRpY4LpyGxPJTFGJlIq8KxVd7Yd_7_AQZ57DCtAOw7wdhjIjM=
BNd6YIhh9Aa0ctmHVZ8CY6nOZy8hlOshVln016kPsUWsXoYtDjNuR7j7aFlMw%3D" 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, 2=
55, 255); background-color: rgb(0, 82, 255); border-radius: 30px; text-alig=
n: center; padding: 18px 0px;"><strong>Read up on crypto policy</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> TAKES </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>Mark Cuban=E2=
=80=99s hard pass on virtual real estate and other key crypto quotes from t=
his week</strong></p> </div> <p style=3D"margin: 16px 0px 0px; line-height:=
 1.6; word-break: break-word;"><strong>Real (estate) talk...</strong> Billi=
onaire crypto enthusiast Mark Cuban made it clear that his enthusiasm does =
not extend to buying digital land in the metaverse. =E2=80=9CThat=E2=80=99s=
 the dumbest sh*t ever,=E2=80=9D he declared during an <a href=3D"https://l=
inks.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D06850d=
2f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56VTmXMSdW-4csJxRycMOkpIb=
N5aVhZs9vLdyyZhDu0VyLMaQkDnArinWAs-90rI2F28akppoAacRHt_QnidadCgY2sHyI0bM1rA=
P45TMB4s90KzpaqPjhUdjjqYrLLYoT9tI5IrFmqvFV1cTfRqmhAlKZXiSZ3ZlwmqTk8iQJhwi7W=
CZVqGRsJ-FcJNQY561eL1oOVq2lvBXIXj-4Zn8UHNnw7ZQp0eQx8NBAup9UenaBdGdeAtJyv-9r=
x2HdBax2f2-R6t7G7-mApy3lf9I6kBtIwraIe1DxAFAmK_ow37MsiJ5bYlI9nb-5BSYms7N7WZ3=
xb9CG39kDAnhPWpddRwuvQbercDq5wW_zqVq_-5WDlejanT6qUcs9MyXbuIIRWQZSQhQG2hFj5B=
4uvOfae7myxiClZt-y57zt-SNZs4mA0AnJVHbKbVf6ghW9XzRKRkw2Z59wISChUzog2JlclgE%3=
D" target=3D"_blank" rel=3D"noopener noreferrer">appearance</a> on the YouT=
ube channel Altcoin Daily. The market for virtual real estate has seen <a h=
ref=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e968=
9713&_m=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56VZUrzGb=
LeMJrXKKKcbd_wXXfnVHXd4iRyL09DxE09lQXTCa3kTmIS92d0og1jAT4a-WsqjSLiJt-dDWvX8=
mnopKSl6zunonyQV0EERW4wuCeTmTsZQkY2pob959q58vP8MTXyotwot3Q3KsKGQ0KI_bnD1Zau=
vtq9GgBgoKFK6-9Uei2RfULAncSJqUkUJKWMEeqweQNQ3tuZ5JJLzXmALj3saOLYg2cxR4oG-Sr=
e8gNACnkGjO3jwhbkmCqjwbHEgEsCa97IICgoBSXFSRg2BC1LRmg6ur2_AF8k00HqW2tsgXJ8Di=
gpVoZ7iEtamKVdy03N-J2P_J2uNrKo6TXmn-fmpq_wzaJyIE43Epp-CaYAwmGlnkxI1YXUqzWYA=
GtXrK3GqHiiOZq1_K1qo6J4Hg%3D" target=3D"_blank" rel=3D"noopener noreferrer"=
>prices plummet</a> so far this year amid the larger crypto downturn.&nbsp;=
</p> <p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break-=
word;"><strong>Major laser...</strong> =E2=80=9CNo one had the cojones to b=
uy $250 million of bitcoin with cash,=E2=80=9D was how outgoing MicroStrate=
gy CEO, and laser-eyed legend, Michael Saylor <a href=3D"https://links.coin=
base.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D06850d2f07c6461=
cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56VQikzcgau0TJECp1YYF9D62E0D5hhBvG=
5GJZ_VcjeEmQ2ltm5FnrUjiQRoO-0KzY_PZIicJY4H4cLn-9C-14PZlfprd4XBubi1Dzs8x19Bj=
EUWFM9XUFgsmRQBk0QV4wSQsDNdTnOGvMDG7osVHLjKSpgZAKLSCwk3YvLThla4SSl1yaMn4u4W=
EZmhfRz07WVjvQ-y-IYw9huEDo9pUzINatCvl1On19LSN56hJxHLAscGLldUhc9Wooai4f60dfP=
ddjsTi6xrwgbGUa3D3ycy8wrc7vyF04JrIGXD70UtKoBC8w_Tqe5OVv2Gkhp4RNWuRU9LDO_tqk=
VEIxiIZn4nePNoY64PbwXckdDRkb_CZV7-AFp9sPiM9LLeA42ZFvzzpBw6p_gWbobZrsGC77yjF=
MmnNEkZIxNSRcxB7XzAus" target=3D"_blank" rel=3D"noopener noreferrer">descri=
bed</a> to Axios the moment in August, 2020 that he became a Bitcoin bull b=
y investing half of his company=E2=80=99s corporate reserve in BTC. (His Tw=
itter profile picture was updated with <a href=3D"https://links.coinbase.co=
m/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D06850d2f07c6461cb26acd=
23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56Vc4ZYl95qli5cGYywEOlmn85WUcl9TVayeByIM4=
aPjxwIYJZ6icj28BlBEcFLibBI_KO_KUSxcNfVFIPLUcnDcHWRuOFRZGK2IZVTRNlKbfrI-Stkn=
vMACpvJngJ5GHWA8fS71YCjRj9izEyse5BAzX3BcZLafA4YPCiTSsDw5pZzp5rk3VlVTjAbjEfO=
wNnW1E7nBP05WCC0dmcvTz_Y2Mg_ZUhTOoZzfvGGPOD6NcLbefWbz0E50MjwU4Rw3dqVbWOuEXn=
i3P8bWXWptTJLHnM9K0LgSDVxkeK7x36QOuLvPysWO8foumGYuLXhW7TTEncO4l7blI0YpVKcTs=
84HArdbY09-igKh57NS5JrYw6iN1hqku5opYZImkAQEHG22Xa2VbIVQRIeSJDt_G2YrfYXRmsrK=
HkbKblPjfmc6yUlAyoJMFvqMK1ONCOI4Hnig%3D%3D" target=3D"_blank" rel=3D"noopen=
er noreferrer">laser eyes</a> shortly after.) =E2=80=9CI feel better about =
it today&nbsp;than I did on the day we started,=E2=80=9D he recently <a hre=
f=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e96897=
13&_m=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56VWci7NJYG=
33NAAl4bWL9oeYAhTqpZu42traza0VVfkv2xX8Yr7Cm2Udv4B-KEl9EJVb23Vix6_sHKvkMUiiw=
ywbsi8ffQX37LuBY6M9-_ZpcTVrR02k7Z66FSOvhFIloAwPtPmFAsoTUT8iQ2cz7w_wI_YlxLHr=
3aC9BRdIUFHWePhQ43nnRqfcf64Fea79AfNWrhtnWnADa6cPbuVUKZLEc_uMf2jyAYI4JCUfVDr=
gu8IFbm46zfJTgflaHTLUNP13iLVi5xAGieAf6PccYrNKdONnafwx50XoJuaX-wB6U3nIdh0qhC=
_fERYFPBf9im759g-fElVsujsNbYDJBuiDAKZg2TzUN_6602sC34G_QkgVavLhZ-lGo10CYCHM3=
S97EfZMRvO0nklkd_cDX9vt0SV-uAUlxGVHwmMb1m_4DfxTFFaKAyIN9V5GPRmsX-w%3D%3D" t=
arget=3D"_blank" rel=3D"noopener noreferrer">told</a> The Wall Street Journ=
al.&nbsp;</p> <p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-brea=
k: break-word;"><strong>Put a fork in it... </strong>As the long-anticipate=
d (and long-delayed) <a href=3D"https://links.coinbase.com/a/click?_t=3D3ac=
a56371967418192255878e9689713&_m=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3Dpv=
IMBIrBmlQcxoUBWQ56Vc4ZYl95qli5cGYywEOlmn8Nh_YHMn6zdL3g_qNby6YhF9r1Vy6_M7YXs=
SyC3H37o_5KYd5f7g_c3EQ3rJo4x_2NephJ9ypk4bGZuBtBD9tOxZw2fxEqWzr79bFZd7Ap5-c3=
R74vTXrcN-xGqgk-_RYJQyoxT5FzeXoCLz_fyQWqZd1IzckMGdAX1JT_iIbbO5-__5I8WvzTQJI=
zFgf2yZozOHIiG97_bLF6buFicfLR5RxJ6hw3HSAIQ3t2SApgUU8uN0PCwwQBmY4uqE3iBr9oKi=
CjBOSRtq4j4c3GWWOWzt8JsxYeenYz6_KaK8B00-3OWqYBqbDs1hM12J01gUWP4sb4N_yno1OVA=
IWhQRwaWDLxrz6_Hrva2CkCOgcWkjkZ992F5UI5DwwNFbPf1E_e4ngPEouh69mJ_EZuo2KycHT2=
mzTKV4wTVw_Hug8m3w%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">Eth=
ereum merge</a> approaches completion, a well-known crypto miner suggested =
forking the network to maintain its original <a href=3D"https://links.coinb=
ase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D06850d2f07c6461c=
b26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56Vc4ZYl95qli5cGYywEOlmn-4EnIQ3LjDe=
OQayjgzV-R6Trv23QA876tWeA6JF3QXZMN9aqLhYHKRc-gSU7SQTFL3ri9kF3NkwgSx3xleqBaE=
lKmPviTL2A0rfNf1eAgQx4KlTX8Ex0CDiLEHO2MsNAJBAGajD1CUCzwEkf-MKxX--OjfHuJ7Bao=
TGeIv-9X_OJwDMjuftUDHdYnNnsRPY1GyBtyxp3FciG062lP3qN8PVnytOBji-pDdDj5VBxrYuc=
5w_Qnt7yEZRG8Te1V6POQf5ebwBYS-RpSmbt5Cu5HwQchpR_jD5-KN4NYGbsQPB2MJThY9gAdIY=
2dzt9BKr4DWfvSnTV78DzSZ7NZ-vf7L6UjHPdIRl8ObKkODzWTZ4MEOFiiggndS1pUJm2EyOWq2=
L7__uT0hI81M8xI0nGp5ngDGkwRwN9lvFO35Xz6nOg%3D%3D" target=3D"_blank" rel=3D"=
noopener noreferrer">proof-of-work</a> system, rather than transitioning to=
 the new <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418=
192255878e9689713&_m=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxo=
UBWQ56Vc4ZYl95qli5cGYywEOlmn-4EnIQ3LjDeOQayjgzV-R6Trv23QA876tWeA6JF3QXZMN9a=
qLhYHKRc-gSU7SQTFL3ri9kF3NkwgSx3xleqBaElKmPviTL2A0rfNf1eAgQx4KlTX8Ex0CDiLEH=
O2MsNAJBAGajD1CUCzwEkf-MKxX-8ysNrAtTIbjQ4p-hVJ4Q9QN0za6TYg3I3qwwzI4fTnf1So4=
OS9rcGy9xBuBaia9x0niP96ZFiFEhq7EZjhDQuHhweJpJn46YHhRUhlFbLfKzamTY6BkXncdU2O=
CBDz08-0wwHq9_Gvhi6HLnpzDe4U79uwkQkYmGgD4sGBiw3z4wIOvTawXMFG_86F3zLLpVqfYor=
W8-5r-ZuCo3pwk7e10aI4VVGf5Sfntdjzd5md0cZNr0Q6gctb3s8ssJF0DEf9090HlmlDbIn646=
Y_0siK2POo5H58IW1NLJ_79dJbkzRJgixNahjBoitPB0k3v8021dnuk03U-6pSU4v56-fnbL8-Z=
KJGBepLwuDmyoKcrGTSZhF3q3JK5YL3R77uJw5PZPfaeiBsfLA_bMNcEYoJ8jGPHq48Frthj2Gk=
keMDY%3D" target=3D"_blank" rel=3D"noopener noreferrer">proof-of-stake</a> =
network. But the proposal was met with skepticism by Ethereum co-founder Vi=
talk Buterin. =E2=80=9CI'm not expecting it to have substantial, long-term =
adoption,=E2=80=9D he <a href=3D"https://links.coinbase.com/u/click?_t=3D3a=
ca56371967418192255878e9689713&_m=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3Dp=
vIMBIrBmlQcxoUBWQ56VZ9gr48NP4-Kl76DSgYvOZG7s2QysCk4Uk1F6KBLgjA4f-dGnMuzeXWv=
6N9nangnML9blGGopZS6jPTN6DRiWqaCe_TuyVxbCvaf3X4IA9MLwpY47HlunffjcWfSQ5mh_X5=
3kdQ0uG9XxFLjkzTopKUFVWvLmrWpPlnHRnmEWrPntnw9a7t-9Xxo_-yZ4YV5gSuFWIG0XhTH4K=
Jy9Tnx067lE3kZfQ3nfnp3FG8LG6ZSdIz5Q3bSz3uhMC_dnJnjA1kLq5lfoNpxPviXjSNBjUT32=
a6hzUliU6FyqLocNEbJXqydpzoBzjUiAeDgzd7E3kEAAstMZJTnv1aIV7e3IOq-Hu0veENzurG-=
yfcj903WZlVV8cq7op1bN0XQhlnmFRcpc3u5PbFxh_kPhvEEULizmlnjC1yOzg9RvWoqffUpsOc=
lcmmHORRc5qNsMkNbrDJft41Nv4kCUYH0YR3m3hKb6dGhiRplnQ7TAqfNMay2psYAM8y3Aqvv0p=
FcSz9ESzTVJ6gg2b8XA1UdT0GGeJM%3D" target=3D"_blank" rel=3D"noopener norefer=
rer">said</a>.</p> <p style=3D"margin: 16px 0px 0px; line-height: 1.6; word=
-break: break-word;"><strong>In good company... </strong>=E2=80=9CDigital a=
ssets are a transformative innovation on par with the internet, cars, and e=
lectricity,=E2=80=9D was the conclusion of a new <a href=3D"https://links.c=
oinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D06850d2f07c6=
461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56VTELPEgYTK63NCMTz8ZAM1XxMkd_u=
OXww8ysSfyrujyXNJeOpNhJdG01oBevQbVqQ0PQZkamfX5YeMXEb8YT8iGDCAT-k1uEz8tRcomq=
SHO88W2StZ3dO57m6GtKFI676q50jgugH-EQd-O4b0oblTXhipgoNCy01heNykKf-EkFbOyMChO=
4n4Lv7bAXquq-cXcedKNwTV7f6vRCyCh1zPnzytL3yekGxpF1jeE_YSMDTP3DjTL3HrOBs9v9DW=
WiyDxJvNO9QnRlnyrWNMGOfV_GXVVNr223bL61aDB9cqOu2u4Yg1XwrcpLF3Bv8j9QNCdtlnLbV=
tRraoOTJM7cMldEjzmJo8TYGT3nGfT1fGJlrYhwEDWaTeZZm9cKSPgLhzBCLmUOKaPZrWL1bu31=
8150obtCC4rriuuE2dQo36s_YlDMZZTYYmW1JTAh4OvCzA%3D%3D" target=3D"_blank" rel=
=3D"noopener noreferrer">report</a> from Wells Fargo Investment Institute t=
itled =E2=80=9CDigital Assets =E2=80=93 A World of Possibility.=E2=80=9D Th=
e report is part of an ongoing digital asset and cryptocurrency educational=
 series exploring the creation of what the report calls =E2=80=9Cthe Intern=
et of Value.=E2=80=9D </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=
=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56Vc4ZYl95qli5cG=
YywEOlmn-4EnIQ3LjDeOQayjgzV-R64Y0UOdcH73jeeR8CtxBAaozeTdYt9Mc6Lbk1D8Z3ZEqMu=
yOTjgiDzsmDZnRFyX1FWwsQaynaM7Aa6dqSQO93JNiy9PDTyxb_7S7jfK4ZkgbSVP4hT2tkLCNp=
n7LdfVtg3zDChvVliK4MVwsplHRxqQgZRql9NhvJ5KKTM0wqrv0WnnFjHyEKw9y_VDplEIaXItc=
U2Zdj2YS4lx8O2D6RyBFMqRixzECDceNuGH65zOqFjxj_u1fC3xgxp025YpOYdMsvgTVFCo_6dJ=
dYShtC3-h2AAWZhnxuxJcLwCpTy7QGDH8gxZoxkUNitCJb8MD4oWF6MBBV6WkECzvvy9_eAsL_f=
zl8y1lrWCSHgKGw_uQtrhCtY3h7z4bBU-R99i67QLqMzABdPuF0j36l_1MW4Q%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=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56=
Vc4ZYl95qli5cGYywEOlmn-4EnIQ3LjDeOQayjgzV-R64Y0UOdcH73jeeR8CtxBAaozeTdYt9Mc=
6Lbk1D8Z3ZEqMuyOTjgiDzsmDZnRFyX1FWwsQaynaM7Aa6dqSQO93JNiy9PDTyxb_7S7jfK4Zkg=
bSVP4hT2tkLCNpn7LdfVtg3zDChvVliK4MVwsplHRxqXc_ZZnzznwlOtorcIBcKFUGVbVAbQpuL=
GhvCjZKKQceT2NZTzgJPxwoKryIKO8vDEaicXmMIJKoOZUiO4CUfkudf3fkp975216mq5fMtlL7=
0FFgE39JDUhCRod2AXP9LqQ6FPPablbNdgWBOLOJRr7bmtWnmN5ucPwIG2q4tSMQUfZ4FH8SZjZ=
fGzCI7ej1Cg62s0KUb5w0Cohlr7xchvMcgH-NNY-qSZgrh12_7vYtNkT_fq3zEw8DPM7rhw5quA=
%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 crypto 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=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3D=
8am193H1GhR4r3K8Mt69_B3Glqk9jjePybAVn77-1-uS8p0Iowx7sJfDvM1qbLUU_ODBwgcCdQe=
rtAU5sT-_zSuwKlh8ctWkYwPce9nz5zgKvFoMlr4L22WPQplbHwtKX8aRkyUA4Ky6-TIOanT5EP=
LUy4U6LF4Ew3hw5x8u_TF4jJo4iRwBvEcDu7mC4G2XNLul4LVcI5xf1LDN6KicZN3roYKzTTBiM=
0XLCGY2pRR6o-Dga-r2-9nL1GDwsYcGxP5Mc9eghjEEPCFNi5Sk3nhwIes2yZmbdeliLLZLFYRz=
dFuse__KF4IeYekJfBxr8P4PFWoeYFfmvx0gsj-QgRODP5xtGaMnDCA6QRZG5hM21Q1_CKKmle5=
IRUYzoKKXPEYaaWRVoRjOAzwDLFwbYP-GpCvETpb5bACG_48CjdM%3D" target=3D"_blank" =
rel=3D"noopener noreferrer"><!--[if !mso]><!-- --><div class=3D"desktop_hid=
e" style=3D"display: none; max-height: 0px; overflow: hidden;"><img src=3D"=
https://images.ctfassets.net/q5ulk4bp65r7/4teCjcLjem1niYca1gZAL2/7d35fb7498=
879e1bbb5eb8ec8946e948/coinbase_bytes_recurringbuys_650x360px.jpg" width=3D=
"100%" style=3D"display: block; width: 100%; margin: 64px 0px;"></div><!--<=
![endif]--> <div class=3D"mobile_hide"><img src=3D"https://images.ctfassets=
.net/q5ulk4bp65r7/5VsknV0vDAHtkTR76kCkdB/005d7f399fa55e57d50380f5ab05855d/c=
oinbase_bytes_recurringbuys_1060x408px.jpg" width=3D"100%" style=3D"display=
: block; width: 100%; margin: 64px 0px;"></div> </a> <div style=3D"margin-b=
ottom: 16px;"> <table style=3D"margin: 0px; padding: 0px;"> <tbody> <tr> <t=
d style=3D"margin: 0px; padding-right: 11px; vertical-align: middle;"><img =
src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5=
713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/dot-1.5x.p=
ng" width=3D"12" height=3D"12" style=3D"display: block; width: 12px; height=
: 12px;"></td> <td style=3D"margin: 0px; padding: 0px; vertical-align: midd=
le;"><p style=3D"margin: 0px; font-size: 16px; letter-spacing: 0.075em;"><s=
trong> NUMBERS TO KNOW </strong></p></td> </tr> </tbody> </table> </div> <p=
 style=3D"margin: 16px 0px 0px; font-size: 32px;"><strong>$6.8 billion</str=
ong></p> <p style=3D"margin: 4px 0px 0px; line-height: 1.6; word-break: bre=
ak-word;">The size of the pension funds overseen by the Fairfax County Reti=
rement Systems in Virginia, which followed through on <a href=3D"https://li=
nks.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D06850d2=
f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56VQeMx7kzncplas_jKLqXnq8p=
L1EYsAJvQiXW_8pIJMR782qdULoOXYA6Tf9RDM-Y5RD4lVhAcewgyl9K5Nzdf6UqrlCj9xyjJAt=
crBS-vyW9YSBWfPupz8BVLAABPcx_4BR8eEWdBlad6a1NX3D9jV1q8hKvJPWZbEvTmJDyi7zyNV=
ArJehPjVxu8f5NyKQREtUZFu0wqh8X9OGRQ_2BoRFkjFKGkU-tK1HtKdoV6x_giE0fsKfrCo6sw=
kOiRSTQvZ4GIo58dGhSjwyM9guPcFq9BfxG8tWDDXggDaZhY4phZHW-ObDe-8eEYQmN5Wl9dW7r=
PJtzAcm1W8w2K1plBmIss-pRuwQDSBsS95Se8Bdiaz-CIcrLKbrgDDqqQTMhiTSVtbQS_Pmtyyl=
IkoOXLQaq2vmEqOl_3KoyuDsyWnIx" target=3D"_blank" rel=3D"noopener noreferrer=
">plans</a> to invest $70 million in crypto lending markets =E2=80=93 a DeF=
i =E2=80=9Cdegen=E2=80=9D strategy known as <a href=3D"https://links.coinba=
se.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D06850d2f07c6461cb=
26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56VYQ30Uxitaw8uscgXf3SBlfeOvRJ32DNoA=
aD4kcNPR9Hmx2ZiokQ5C820GZa9egjDw5PbQlVrgPaf5HBv1qO9eDtkDSL-1lFmbbX4FzVDl4hz=
EozocnkRKsEZzWlLcJ4oSd6Es_lV6ny0RoH7VcPT9qu3DpMCn0Ikxbg1M0g9NLJj-p0yTqz_2b_=
apzrWv_9VJw4Z66KIni4LvZfge9VQ2Vux0F_tgXOUv0uL3pZkLu5Df--EBkUYTRp70Q2mLfKemp=
tEzHjMHTKnJfDX6GWq0YKAqxizIX_GZGO2DcQVHP5DwlGzaMm1yK8oHwXCyP71iPLTdGss7nfgy=
EeC_-VgDX54qEEb7IrUm87waGELhOeIx08U6zOjWw6R5tkMS4QjFq7Hlig3bQWFICqjUPuqy48S=
Vizye-0vq7bqWlgem8Ks9_oobjuz7qulsEc3Pzq9l2CeYYlLTh1QJoPCVJGWsHEBxoRo4x2dYJJ=
TpGnZ1wpMQbYYL9Zua4sYB7kxcObjTqIfu3GmCLcZFbEOVPOFfc%3D" target=3D"_blank" r=
el=3D"noopener noreferrer">yield farming</a> =E2=80=94 despite recent volat=
ility in the sector, most notably the collapse of the Terra stablecoin. Acc=
ording to the chief investment officer of one of the funds, yield farming p=
resents an attractive opportunity at the moment in part because =E2=80=9Cso=
me of the people have stepped back from that space.=E2=80=9D&nbsp;</p> <p s=
tyle=3D"margin: 16px 0px 0px; font-size: 32px;"><strong>$4.1 million</stron=
g></p> <p style=3D"margin: 4px 0px 0px; line-height: 1.6; word-break: break=
-word;">The estimated value of assets that were drained from more than 9,00=
0 Solana wallets during a widespread hack last week. The attack was ultimat=
ely traced back to an exploit of the Slope mobile software wallet, accordin=
g to <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563719674181922=
55878e9689713&_m=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ=
56VZp_j3MKVQ_azti3H78_wtG-Elh741jt0pB7sbr_jrE7PNa5R_ibkNcGkCpV9npKNoSG9d6ba=
VFkWOup2XFvuT576bWBCkoNWkvqwW-RuIqrQ7-Nngk_wHGFuOFIj6pm_fH5tpQIraJ9Mafo0XTm=
hlpcAJ4Cq9QVd75sLbiTtadDn8BPeiggk8D-BQrtBeiV5WBDFVqQkXXDRlNPT5gWIx0Q2UAhF59=
kaa2Ks20IeQNDYvN6Uq9Nz1PUxQn0k3YMcBD_oVLl-RV90kV4nySEEO35LVipAARMsI5i6Ro5IU=
ar5oLz26lfHdw8GSp04BAfsYv1yiO9gL1P4pGLvTT5oX5rTH_PRipPqPaMrwutD-hb7rcHzpzLe=
6Ipf-cm57l3zH7pdry8H6mQ-J-WUYFH9nY%3D" target=3D"_blank" rel=3D"noopener no=
referrer">Solana</a>, which reported that =E2=80=9Cprivate keys for the aff=
ected wallets had been leaked or compromised, and were used to sign malicio=
us transactions.=E2=80=9D The Solana team currently recommends Slope users =
generate new <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196=
7418192255878e9689713&_m=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBml=
QcxoUBWQ56Vc4ZYl95qli5cGYywEOlmn-4EnIQ3LjDeOQayjgzV-R66-hO_relQ6J3MxHcHnmX9=
oaI0H_Gp5sgKuhH3aQkHFL_xipu7rklhgtDrAfC_4ETKMDqggGl1a_qLLjp6Wy44XEk-InGRsWE=
mjyGEC3G4ceQSdLuRtpLB8XMmWBdBdwjGRlO1walKBjY3svVh3RJ2sgiV9WWz3fJ6KnNcjs6HaP=
51lQ003-8v95s9jE4qwjrJANTipQL3ORIG_QNUausoagD1TB3RqKjChjg5xTD3gwrKe276OK0CT=
ivVNAh3DbqFA8Aa_AkDvuru8NuJS_kTQsAReadIh2MeD1WLwTJyOagGpaNLSu3UxGYNVWuVFhhd=
UMvVmiDB6FwNNr7NA_2kuU-Lq3gkWjvhNWdjcw-hXajn2eYH1k97lyQkhghepsj" target=3D"=
_blank" rel=3D"noopener noreferrer">seed phrases</a> in a different wallet =
app and abandon old addresses.</p> <p style=3D"margin: 16px 0px 0px; font-s=
ize: 32px;"><strong>39,000</strong></p> <p style=3D"margin: 4px 0px 0px; li=
ne-height: 1.6; word-break: break-word;">The approximate number of cryptocu=
rrency ATMs available across 78 countries, according to <a href=3D"https://=
links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D06850=
d2f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56VdkF-SnunSRSEb6BOGD2rK=
9y89fV-jwJizpYLseRx4ZA9m5_hw3y70qL3ZYY8rMIKMzhI2kWW3EwbEg3EEWAEu9YZLMkjbRZp=
BZ2kjLQf_pxrNhg1xpw_5byDcg_CsRp0BDcRsCCKCRG0bXbahDvlNHjty0oV39mAWqkQsryJizW=
3uhjsuoSWUZ8YOXPEl4EFyslbSH21RKOtpJOUYdf0wHdjrehKN2zVQXj8zsYRRWIKHEHwa86EmD=
i4ubQhn1T4q1_nxcSG9OoNUfAGIumC13Z630ZSMUwFs5gnm0qpxHBOwt-TTDwxND31fLkSauxjA=
zj3GTQ5u7Y5zm-mUaxxrQhkWn_xvI98Ju-LRG1572N" target=3D"_blank" rel=3D"noopen=
er noreferrer">Coin ATM Radar</a>. Crypto ATMs have seen hockey-stick growt=
h in recent years, with the amount of ATMs increasing more than 600% since =
the beginning of 2020. But the global distribution is heavily weighted towa=
rd North America, which accounts for 95% of all crypto ATMs worldwide.&nbsp=
;</p> <p style=3D"margin: 16px 0px 0px; font-size: 32px;"><strong>2</strong=
></p> <p style=3D"margin: 4px 0px 0px; line-height: 1.6; word-break: break-=
word;">That=E2=80=99s the number of web3-embracing luxury brands that <a hr=
ef=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689=
713&_m=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56VcBY6PWq=
ziTGHGNIY0zF0wPXcgQCvPeevftijQGwnVE1D56afxkQUzVNvNKroP5HJvz0rX6kdg4PFUgei29=
5wjfXZDr76hcSJn9txInGny2M91EsCTDCu-spwCtwfQIedrSO5HYjzOoXRO1T1MxvQBa4V717vD=
KaT_mHvPdFbNvQTPQ1qYyhZG8YRZt6CoJyIQA9m7S_zpgdaTS1hCNSez0SqUJ6CFkpm5IfrJZTJ=
IX7Nw5uHwsdyt54_I1Lxkiw_BKv6kqGzqsGRTYMqVYHdssgczvP4YRm-UUJTSJS2nwluMZ9kLDK=
K3Ziu72kw-xrN7-HURR6ZINi8FrV2fw-XPpiZZ4SrimVDcuu6L_xBu1gnoi7LEFvtecnFhozwCS=
GRxj_nn1bPOdYlWZXw6awEQJ_cI7gh8aN0l_OYCnl0wFS4n0tFCXEBbkjjdKXtU4LqQ%3D%3D" =
target=3D"_blank" rel=3D"noopener noreferrer">announced</a> they=E2=80=99re=
 now accepting the Bored Ape Yacht Club=E2=80=99s ApeCoin token as payment =
for their goods. At Gucci, ApeCoin joins a dozen other cryptocurrencies acc=
epted at the fashion brand=E2=80=99s stores; at Tag Heuer, shoppers can now=
 use APE to purchase the watchmaker=E2=80=99s Calibre E4 digital watch, whi=
ch allows you to display your NFTs on its face. </p> <div class=3D"cta_butt=
on" 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" styl=
e=3D"border-spacing:0;border-collapse:collapse;mso-table-lspace:0pt;mso-tab=
le-rspace:0pt;"><tr><td style=3D"padding:0;" align=3D"left"> <v:roundrect x=
mlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=3D"urn:schemas-microsoft-c=
om:office:word" href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196=
7418192255878e9689713&_m=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBml=
QcxoUBWQ56Vc4ZYl95qli5cGYywEOlmn-4EnIQ3LjDeOQayjgzV-R6BaTocd4UqCtMUcNmBwolb=
qx8_U1wjwTKo4ZaLKcXkCrEPzjbrfUEj497CJ2y-Ih_nC9beooU_NgPGslQcUDI6aYyJ0_bDOpn=
OwohI-QTgwaNk6yN0tN1U69dhrn4xp_FoyWp2Kd5YAP75BJyrBimhumZXEmgyJUidtR_EStDmaM=
UszrMYChFbBSRiCWMTzDQ0a898ifjEN7DvL4O1wKhtWoAxTBbMfwwj5dQO5VDTlHIfUG9ZejoQN=
Yo3bF3og50VHenPCBgJfhcS2Z26wO7evZFgwZPgbysOdzAr3drYGUuQVQ0FAlcYjijeVdvyiZ00=
Wl8UreFCBJPjrqk-AZWjkAaalTp7MZCOYDMw8kxEduzstrO_A6Cwg4jgKxNNZ1KjJD9r8jrFb55=
xhgxTHqFaw%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, Helvetica, Arial=
, sans-serif;"><![endif]--><a href=3D"https://links.coinbase.com/a/click?_t=
=3D3aca56371967418192255878e9689713&_m=3D06850d2f07c6461cb26acd23ccaf10f3&_=
e=3DpvIMBIrBmlQcxoUBWQ56Vc4ZYl95qli5cGYywEOlmn-4EnIQ3LjDeOQayjgzV-R6BaTocd4=
UqCtMUcNmBwolbqx8_U1wjwTKo4ZaLKcXkCrEPzjbrfUEj497CJ2y-Ih_nC9beooU_NgPGslQcU=
DI6aYyJ0_bDOpnOwohI-QTgwaNk6yN0tN1U69dhrn4xp_FoyWp2Kd5YAP75BJyrBimhpzc0mssf=
BNJ8M5eKFRMFcVWVj_0jAzVtDGpiP1zy5k1RFiIgqsH4cmuCq4MhVu9ATazl-EF3_dVW-uzYRGn=
3URlTs_F5z-_elynr8pFIZUj1UusGpZqWvzFlPuZejINoVC7vYP__7nzipfL-F1An8mlr89z3TI=
XvGbCXtvByic_FYbGQjcbL-YxO6s5v4VuVTdUrkaA_cM1EdHdS4IOMD6tXQED6RRGgbmF8OAvZ1=
HtVZeyBOFOCjkXR7b0kK7wzg%3D%3D" target=3D"_blank" rel=3D"noopener noreferre=
r" 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;"><st=
rong>Learn about APE</strong></a><!--[if mso]></center></v:textbox></v:roun=
drect></td></tr></table><![endif]--></div> <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> 2 CHAINS </strong></p></td> </tr> </tbody> </table> <p sty=
le=3D"margin: 5px 0px 0px; font-size: 32px; line-height: 1.26; word-break: =
break-word;"><strong>Will layer 2 solutions eventually overtake Ethereum?</=
strong></p> </div> <p style=3D"margin: 16px 0px 0px; line-height: 1.6; word=
-break: break-word;">Layer 2 scaling solutions help make Ethereum, a layer =
1 blockchain, operate more efficiently by adding more capacity on top of th=
e network. But is it possible that these L2s could, over time, capture more=
 of the economic activity than their L1 host? That=E2=80=99s the question e=
xplored in a new report from David Duong, head of Institutional Research at=
 Coinbase, entitled =E2=80=9CCould L2s eat Ethereum=E2=80=99s lunch?=E2=80=
=9D which analyzes what such a change could mean for everything from stakin=
g to security on the Ethereum blockchain.</p> <div class=3D"cta_button" sty=
le=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"bo=
rder-spacing:0;border-collapse:collapse;mso-table-lspace:0pt;mso-table-rspa=
ce: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=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUB=
WQ56Vc4ZYl95qli5cGYywEOlmn8ofwQ6V5LYYlQ9sj3v2Si5MfE_CWzBiedmWjICNAXFMFKsmr5=
dndjO62B_UTAedTXp-jWBbey9BbZFUFK7-IbxpT6mVzZCDwMe3ImI9ccwvFNiQMh-kpaDH3FsVW=
F-3Bh0AmRFT3c1iCfACqzXnm6er8Pgo-t4T9yvTBT3GYGfArhnyqUcLI0YzcENyaKxMzQ-YkxYD=
eeQNmfvNWJJYSfdY8QNLx-bELAuQj5jWY3fse5O77ab-BU-q2X77NjCVldLsUe5ONQPjatc1MCK=
1yyOzEv0fO0r25R1-5yKVRwy7J66YhribDOtI-d8kO-koig-fznpv8N0XbK_SUmopc4quiAYMa2=
u1CF0ngGmZOrQxyhh_yE6nyFjiKcs_4uv8Ch698W47fY0_EMssSl8GwK2WAxZb8nRgygJx7FAAs=
eRxZnTHEjwqQklBFguwXW4i20q1nueJhNU5YDmmj96cpHRSfvcs5o29plvYGXiH4n15w%3D%3D"=
 style=3D"width:350pt;v-text-anchor:middle;" arcsize=3D"17%" stroke=3D"fals=
e" fillcolor=3D"#0052ff"> <w:anchorlock/><v:textbox inset=3D"0,0,0,0"><cent=
er style=3D"font-family: Helvetica Neue, Helvetica, Arial, sans-serif;"><![=
endif]--><a href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418=
192255878e9689713&_m=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxo=
UBWQ56Vc4ZYl95qli5cGYywEOlmn8ofwQ6V5LYYlQ9sj3v2Si5MfE_CWzBiedmWjICNAXFMFKsm=
r5dndjO62B_UTAedTXp-jWBbey9BbZFUFK7-IbxpT6mVzZCDwMe3ImI9ccwvFNiQMh-kpaDH3Fs=
VWF-3Bh0AmRFT3c1iCfACqzXnm6er8Pgo-t4T9yvTBT3GYGfArhnyqUcLI0YzcENyaKxMzQ-Ykx=
YDeeQNmfvNWJJYSfdY8QNLx-bELAuQj5jWY3fse5O77ab-BU-q2X77NjCVlfRX5WbNW3pRKYdXJ=
qT083GJJD2Vp6zJwbMGVOXoBP7uv6D_i-tuSDMxBc3r5ZbdgrN9CNZ-rLJdFSYmJl8Jr_Hj4BZP=
WOexLhXEmkjU18OqVjiNLCHd66t7cBWN1v7fN2g0c52PCsMxNIg5eCTFAhSXEZ-MKN6QjOFYrM9=
whusO8Hi3v9YifFXDJlsmijxK0zBZ1n6JOVLt7ok4uy5_yIoWXZE7dCQmmklKPsLNSQ3rQ%3D%3=
D" target=3D"_blank" rel=3D"noopener noreferrer" style=3D"display: block; m=
argin: 0px; line-height: 1.2; font-size: 16px; text-decoration: none; color=
: rgb(255, 255, 255); background-color: rgb(0, 82, 255); border-radius: 30p=
x; text-align: center; padding: 18px 0px;"><strong>Read the report</strong>=
</a><!--[if mso]></center></v:textbox></v:roundrect></td></tr></table><![en=
dif]--></div> <table width=3D"100%" role=3D"presentation" valign=3D"top" st=
yle=3D"table-layout: fixed; vertical-align: top; border-spacing: 0px; borde=
r-collapse: collapse; min-width: 100%; text-size-adjust: 100%;"> <tbody> <t=
r style=3D"vertical-align: top;"> <td valign=3D"top" style=3D"word-break: b=
reak-word; vertical-align: top; min-width: 100%; text-size-adjust: 100%; pa=
dding: 48px 0px;"><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" w=
idth=3D"100%" align=3D"center" role=3D"presentation" valign=3D"top" style=
=3D"table-layout: fixed; vertical-align: top; border-spacing: 0px; border-c=
ollapse: collapse; border-top: 2px solid rgb(222, 224, 226); width: 100%;">=
 <tbody> <tr style=3D"vertical-align: top;"> <td valign=3D"top" style=3D"wo=
rd-break: break-word; vertical-align: top; text-size-adjust: 100%;"><span><=
/span></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <div> <tab=
le style=3D"margin: 0px; padding: 0px;"> <tbody> <tr> <td style=3D"margin: =
0px; padding-right: 11px; vertical-align: middle;"><img src=3D"https://d15k=
2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-=
c542cff6dd6a/3aca56371967418192255878e9689713/dot-1.5x.png" width=3D"12" he=
ight=3D"12" style=3D"display: block; width: 12px; height: 12px;"></td> <td =
style=3D"margin: 0px; padding: 0px; vertical-align: middle;"><p style=3D"ma=
rgin: 0px; font-size: 16px; letter-spacing: 0.075em;"><strong> TOKEN TRIVIA=
 </strong></p></td> </tr> </tbody> </table> <p style=3D"margin: 5px 0px 0px=
; font-size: 32px; line-height: 1.26; word-break: break-word;"><strong>Ethe=
reum Classic (ETC) is an example of which of the following?</strong></p> </=
div> <div style=3D"margin-top: 16px;"> <table style=3D"line-height: 1.6; wo=
rd-break: break-word;"> <tbody> <tr> <td style=3D"padding-right: 12px;"><st=
rong>A</strong></td> <td>Soft fork</td> </tr> <tr> <td style=3D"padding-rig=
ht: 12px; padding-top: 12px;"><strong>B</strong></td> <td style=3D"padding-=
top: 12px;">Hard fork</td> </tr> <tr> <td style=3D"padding-right: 12px; pad=
ding-top: 12px;"><strong>C</strong></td> <td style=3D"padding-top: 12px;">S=
ide fork</td> </tr> <tr> <td style=3D"padding-right: 12px; padding-top: 12p=
x;"><strong>D</strong></td> <td style=3D"padding-top: 12px;">Salad fork</td=
> </tr> </tbody> </table> </div> <p style=3D"margin: 16px 0px 0px; line-hei=
ght: 1.6; word-break: break-word;">Find the answer at the end of the email.=
</p> <div class=3D"cta_button" style=3D"margin: 24px 0px 0px; padding: 0px;=
 width: 50%;"><!--[if mso]><table width=3D"100%" cellpadding=3D"0" cellspac=
ing=3D"0" border=3D"0" style=3D"border-spacing:0;border-collapse:collapse;m=
so-table-lspace:0pt;mso-table-rspace:0pt;"><tr><td style=3D"padding:0;" ali=
gn=3D"left"> <v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=
=3D"urn:schemas-microsoft-com:office:word" href=3D"https://links.coinbase.c=
om/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D06850d2f07c6461cb26ac=
d23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56Vc4ZYl95qli5cGYywEOlmn-4EnIQ3LjDeOQayj=
gzV-R6SRhjBH8Gm7iqnGT06tRyLycaL5NXJB-QzfSJwS89JYlH4HU4V0_KurS-TGwWe8fc84jrB=
wbFwbYHbaBFqkhDuZCGN2259oimjiGRSjKojVuWbULovuUao9noPn-WNlPcGHOFQW3momkEmWWb=
DkXR7So-5gO3Idt55_3Hp1awK8WPhfdP-Dp1AaoQaH0_BKlNe_uajjW30mwOitL1mDdx_3_5AbN=
o0BjGP0JPHW2hDiF5b2nOrWBVwy1_PXs-iLO5ooI7RDCbAL6o6W_WMAO847XfoncSe4MBQISaON=
F_a8KKS-mMvk0Hxo11cn22jQYHGGT_u-kTImGX6oJm_oZDIJzz-yHs132LWI39B9FOVlFQTD3-o=
bc_7iacFdknkShK" 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"https://links.coinbase.com/a/click?_t=
=3D3aca56371967418192255878e9689713&_m=3D06850d2f07c6461cb26acd23ccaf10f3&_=
e=3DpvIMBIrBmlQcxoUBWQ56Vc4ZYl95qli5cGYywEOlmn-4EnIQ3LjDeOQayjgzV-R6SRhjBH8=
Gm7iqnGT06tRyLycaL5NXJB-QzfSJwS89JYlH4HU4V0_KurS-TGwWe8fc84jrBwbFwbYHbaBFqk=
hDuZCGN2259oimjiGRSjKojVuWbULovuUao9noPn-WNlPcGHOFQW3momkEmWWbDkXR7SOw-6ScP=
dC5y1Fudde_HZEaEeretdhF84j87ugPUnSv3XPWUnqJeZFo6ZVVARFjwtS5Hr3o_5RoP6rJSjNv=
dsPiHA0CAthtwo77hYUwTykCTRyzKJ_yva9QCfC3ffaAx1qJAUcZ4aOXlXMvcxcSzTicuhnGedn=
xW2-_7U13dW3b7Gp6__QGcj2L74wo36A-mWF1pmaz-LLrv-_GoiJEEWgAe_J0FR8WCCgEOWaxai=
9C" target=3D"_blank" rel=3D"noopener noreferrer" style=3D"display: block; =
margin: 0px; line-height: 1.2; font-size: 16px; text-decoration: none; colo=
r: rgb(255, 255, 255); background-color: rgb(0, 82, 255); border-radius: 30=
px; text-align: center; padding: 18px 0px;"><strong>Learn about forks</stro=
ng></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; bo=
rder-collapse: collapse; min-width: 100%; text-size-adjust: 100%;"> <tbody>=
 <tr style=3D"vertical-align: top;"> <td valign=3D"top" style=3D"word-break=
: break-word; vertical-align: top; min-width: 100%; text-size-adjust: 100%;=
 padding: 48px 0px;"><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0=
" width=3D"100%" align=3D"center" role=3D"presentation" valign=3D"top" styl=
e=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"w=
ord-break: break-word; vertical-align: top; text-size-adjust: 100%;"><span>=
</span></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <div> <ta=
ble style=3D"margin: 0px; padding: 0px;"> <tbody> <tr> <td style=3D"margin:=
 0px; padding-right: 11px; vertical-align: middle;"><img src=3D"https://d15=
k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e=
-c542cff6dd6a/3aca56371967418192255878e9689713/dot-1.5x.png" width=3D"12" h=
eight=3D"12" style=3D"display: block; width: 12px; height: 12px;"></td> <td=
 style=3D"margin: 0px; padding: 0px; vertical-align: middle;"><p style=3D"m=
argin: 0px; font-size: 16px; letter-spacing: 0.075em;"><strong> NOW TRADING=
 ON COINBASE </strong></p></td> </tr> </tbody> </table> </div> <a href=3D"h=
ttps://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=
=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56Vc4ZYl95qli5cG=
YywEOlmn8tQMjAxbfxwQo8wS23lAF2SAwCstxd4yivNRkpjb_WrKZY2b2PEYL9f4_q_9LlMDQcB=
pFkYslWj_gljt6mH07R3f_CORS1NcPUsDV8CwTsGczoNYx99wZu-U9-x6ynt4aLJNHCeZVoXBN5=
aJlgoOb2poXTy9-3ZSf4HMm2TVa8jdsJUVPytqBh4iWCrIWWNfYFFY8oDH9lmIyryPfoOdhn-Yt=
CwfUKaX9--QfRYNWebTipVV1pHWRZveFwRBKYkRfxMyExrFW9EyQlM-qCs8gL2zSydrkd8jOVkN=
D9JA-C8CtW1dQKebw9DMh2C4ICFx79RyYtLGPW9DvzfxBqhQjTYD3DrroS8k-CKUAAlednVnYC0=
WElfd-52rY2usNFaDQ9a00TaxL2MK2ANM5g3UYQ" target=3D"_blank" rel=3D"noopener =
noreferrer" style=3D"color: rgb(10, 11, 13); text-decoration: none;"> <tabl=
e style=3D"margin: 16px 0px 0px; width: 100%;"> <tbody> <tr> <td style=3D"f=
ont-size: 32px; line-height: 1.26; word-break: break-word; vertical-align: =
middle; white-space: nowrap;"><strong>GUSD</strong></td> <td style=3D"verti=
cal-align: middle; padding-left: 12px;"><img src=3D"https://dynamic-assets.=
coinbase.com/87c833a8b7f8cdd1e6a9a0714d5a3dbef9bff519e84361b85f752943bfea9f=
ad0d14d881229fcb7fc2320e5d623353cc75b4ae272da4647c20965c0849d882da/asset_ic=
ons/750672273221f0a26fc9730fa942f4f7804c6308b04e43860c31a16bdda92a3a.png" w=
idth=3D"26" height=3D"26" style=3D"display: block; width: 26px; height: 26p=
x; 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/3aca56371=
967418192255878e9689713/Newsletter%20Assets/newlistings_light.png" width=3D=
"21" height=3D"18" style=3D"width: 21px; height: 18px; vertical-align: midd=
le;"></td> </tr> </tbody> </table> <p style=3D"margin: 0px; line-height: 1.=
6;">GUSD is a stablecoin running on Ethereum that attempts to maintain a va=
lue of US $1.00. </p> </a><a href=3D"https://links.coinbase.com/a/click?_t=
=3D3aca56371967418192255878e9689713&_m=3D06850d2f07c6461cb26acd23ccaf10f3&_=
e=3DpvIMBIrBmlQcxoUBWQ56Vc4ZYl95qli5cGYywEOlmn9KBcyuu8TRpskSGPu3bjj5kRestgu=
P6Ela_qTibZMjdFX0r16VbYQn8FbC4FvG2p5qMoA5iNKUmAuOjAv89lUpRdvFJZWdWMDe7qHADB=
7L6LfZKLiBQiu4PVDCRBEpiTE8jsIbo5lXhG70VX0RnA3VTnBrmTCY0_Y4q9wuMjXhM-otmAXr3=
o2AONqdEMT2X7A4g16ORieMA6HTOd59va2mKhnH-avLa-RPEPe24IM2j-QDPN2ZXP3eCxt-j_Cj=
ZG4CDmfvQAW3r-hlr6jVnr1kue8z2iEX1qjRMuCcno-eEV8XszT5PJj2tmKIlxy4ByMpxsaJoqq=
64FLW7Dr4sfZ_6QZHHsq1xON4UcpaY6IugnFs2ODF50HmJbKncfSSE0NbFeY01_ylw4JPVmXYLx=
FE" target=3D"_blank" rel=3D"noopener noreferrer" style=3D"color: rgb(10, 1=
1, 13); text-decoration: none;"> <table style=3D"margin: 16px 0px 0px; widt=
h: 100%;"> <tbody> <tr> <td style=3D"font-size: 32px; line-height: 1.26; wo=
rd-break: break-word; vertical-align: middle; white-space: nowrap;"><strong=
>STG</strong></td> <td style=3D"vertical-align: middle; padding-left: 12px;=
"><img src=3D"https://dynamic-assets.coinbase.com/064c51afdf4ee600f680127e6=
8477d702947e4d8b91fb7ec609b51589f49b89c0c4f6f995a3c1ffd13807369c5dd4fbc1c2f=
36b7e88c67228b2e0df96a5093c9/asset_icons/eda1673602614f40fe85b7d26fb5da8e9b=
e9cf6427b680dd7384a64e13d28427.png" width=3D"26" height=3D"26" style=3D"dis=
play: block; width: 26px; height: 26px; vertical-align: middle;"></td> <td =
style=3D"vertical-align: middle; text-align: right; width: 100%;"><img src=
=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713=
-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/Newsletter%20=
Assets/newlistings_light.png" width=3D"21" height=3D"18" style=3D"width: 21=
px; height: 18px; vertical-align: middle;"></td> </tr> </tbody> </table> <p=
 style=3D"margin: 0px; line-height: 1.6;">STG is an Ethereum token that pow=
ers the Stargate Finance ecosystem. </p> </a><a href=3D"https://links.coinb=
ase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D06850d2f07c6461c=
b26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56Vc4ZYl95qli5cGYywEOlmn_7i0IQRGqSM=
fe2QzE1oORTHIVmU1G4Rs9fe-yJh2uUARd3L3K-CIyQQUHVdzdTUASLaKEacJIqIVRfXI6P2W8G=
YKNFBNJnB1QF28yWMzjTP7iHOXWjV-tCLki_TemlzEdsSYqUldNmgid5aY5OnnKqJv-nMOvpubr=
Md2tXByQoBeq5jBtM32YPfDMoLOplJUtKsT-ar-LDfWFGlYkxb-L2ubHnXwTiN163D7p4-nBtgP=
Wux3HbPkCAGSAqo_YWu1tcSum2FtwbSsftZRjtFC1YxZA8IouEsofrFLcaCAqoJgmvjFK4ckMP3=
8ejy_LYJTUJRGgJdsW6pl7JBTXPUYTeAMJHTTyJnImPJgIPaN5o6j9xKRGa46SPHSLz5h8ZtkM%=
3D" target=3D"_blank" rel=3D"noopener noreferrer" style=3D"color: rgb(10, 1=
1, 13); text-decoration: none;"> <table style=3D"margin: 16px 0px 0px; widt=
h: 100%;"> <tbody> <tr> <td style=3D"font-size: 32px; line-height: 1.26; wo=
rd-break: break-word; vertical-align: middle; white-space: nowrap;"><strong=
>RARE</strong></td> <td style=3D"vertical-align: middle; padding-left: 12px=
;"><img src=3D"https://dynamic-assets.coinbase.com/631d77b250de114ecc33a8bd=
9ff668641b7860de5ffc2b9c40ab2382bff066c803c3f868c8b7f102c46fc4ed8bd48da0525=
cf6ae8aebfe7ffaec148466106006/asset_icons/d169e7932c4c4d7e6caea5cadeb07dda0=
9cc2fd03a4c83dad54bab0b9bb025bf.png" width=3D"26" height=3D"26" style=3D"di=
splay: block; width: 26px; height: 26px; vertical-align: middle;"></td> <td=
 style=3D"vertical-align: middle; text-align: right; width: 100%;"><img src=
=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713=
-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/Newsletter%20=
Assets/newlistings_light.png" width=3D"21" height=3D"18" style=3D"width: 21=
px; height: 18px; vertical-align: middle;"></td> </tr> </tbody> </table> <p=
 style=3D"margin: 0px; line-height: 1.6;">RARE is an Ethereum token that go=
verns the SuperRare DAO, which oversees key platform parameters, allocates =
funds from the Community Treasury, and votes on proposed improvements to th=
e network and protocol. </p> </a><a href=3D"https://links.coinbase.com/a/cl=
ick?_t=3D3aca56371967418192255878e9689713&_m=3D06850d2f07c6461cb26acd23ccaf=
10f3&_e=3DpvIMBIrBmlQcxoUBWQ56Vc4ZYl95qli5cGYywEOlmn-RAkf3AzqLxNWmZ0puOdsb1=
hxBvhpt3f49b76ebFqo4lREY7BXulRSgdlFjLlc0SGNVzSzcMf5IHkZ6t6QSLw3LFp9hIKSNdVk=
y9Pj7UV4dpLeYG8HOyHbrC1wTRJmk3Qc0LjE_wAA7CYRE7lUtJsNYBj62IEGx7BV2A91kyyGtea=
jEp_JzDjb03yJtdBdGcSeoXb4Gq06inKa8QhS-TGrbtUZ7McQoqaOPVPc-gxjBbLU6xmW7Geulj=
s8ZGhp7zxvFF0scUqCsRK2DCoJyAKhdMswYLJp3a44h6Z1rKxIzkVJegfYrIN5exxsgBdh5QiBS=
b0F6K7VeD99TWLPH8ykmhPFfhSrvv2gNwXW18Qr_3GgTMrIlMaSJWu_HErJ9lB-rQXKWq7VOUTS=
VV_jk82jOKlCk_NQekO8HZ1a-Q-q4Q%3D%3D" target=3D"_blank" rel=3D"noopener nor=
eferrer" style=3D"color: rgb(10, 11, 13); text-decoration: none;"> <table s=
tyle=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: mid=
dle; white-space: nowrap;"><strong>LOKA</strong></td> <td style=3D"vertical=
-align: middle; padding-left: 12px;"><img src=3D"https://dynamic-assets.coi=
nbase.com/e4f1fa774df43d147a75c5b268ffb454b3bea3b7fa932b9aa185bc8a385470f37=
5c87446f4edf8e6f6c9042717aa8920c546252829aa6d9b08854d161f359caa/asset_icons=
/40e6a100f94c1e0b48837e67b55dcd53239edbaf29b14ae910d15fca0419c20c.png" widt=
h=3D"26" height=3D"26" style=3D"display: block; width: 26px; height: 26px; =
vertical-align: middle;"></td> <td style=3D"vertical-align: middle; text-al=
ign: right; width: 100%;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net=
/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967=
418192255878e9689713/Newsletter%20Assets/newlistings_light.png" width=3D"21=
" height=3D"18" style=3D"width: 21px; height: 18px; vertical-align: middle;=
"></td> </tr> </tbody> </table> <p style=3D"margin: 0px; line-height: 1.6;"=
>LOKA is an Ethereum token that powers the League of Kingdoms MMO strategy =
game where gamers fight for the dominion of land. </p> </a> <table width=3D=
"100%" role=3D"presentation" valign=3D"top" style=3D"table-layout: fixed; v=
ertical-align: top; border-spacing: 0px; border-collapse: collapse; min-wid=
th: 100%; text-size-adjust: 100%;"> <tbody> <tr style=3D"vertical-align: to=
p;"> <td valign=3D"top" style=3D"word-break: break-word; vertical-align: to=
p; min-width: 100%; text-size-adjust: 100%; padding: 48px 0px;"><table bord=
er=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"100%" align=3D"center=
" role=3D"presentation" valign=3D"top" style=3D"table-layout: fixed; vertic=
al-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> </ta=
ble></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-height: 1.6; word-break: break-word;"> <tbod=
y> <tr> <td style=3D"padding-right: 12px;"><strong>B</strong></td> <td>Hard=
 fork</td> </tr> </tbody> </table> <table style=3D"margin: 48px 0px 0px;"> =
<tbody> <tr> <td style=3D"text-align: left;"><img src=3D"https://d15k2d11r6=
t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cf=
f6dd6a/3aca56371967418192255878e9689713/Rebrand%20Assets/coinbase_footer_wo=
rdmark.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=3D3aca56371967418192255878e9689713&_m=3D06850d2f07c=
6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQcxoUBWQ56Ve_7wwjob-gs_x2Rmi8BVu5LSrYu=
uwhH3J8G94ZHImgTpmxITxFe52lI3vw9_bpSAXQ6k8_dOynIsPsiuz7ZC6HKvmp9CNbRRmon_zH=
CzRIE49elha_9Hr9t1CdBuZwruva_tjQbO5ak_snTLzFWpA5Y6SNwXZnBxPPPclJAqd5rQAx8fO=
lUm-Qx2q3NoDaySz2lTkj_IzY6FPuey83EjJDzekJ-_DF49vSSzEEsBZ8xJpkv9rW3NxL4B4m5k=
52ae8NwqeqbLtPYJhO0LtCXh_ejx_fNhFBLew8_sQbyZ6DzkieX2y0z-wt6XGIhZHgSpZJePkk8=
x7CqBYfhXNPvamYeuNeiaT8sEqZANqTSAPNRgh9qfDj35FZIcecClzGmChsCslAMgF9cG5RTmGK=
ylpaV8VGNZhRH9EHSG6xySr6i" 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/3aca563719674=
18192255878e9689713/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=3D3aca56371967=
418192255878e9689713&_m=3D06850d2f07c6461cb26acd23ccaf10f3&_e=3DpvIMBIrBmlQ=
cxoUBWQ56VaWJxJPw6sskHy32aOLU3KEKENuiU5QJfzsVgwj1e6Ds5R7w-Kk10iw-YTenGR5uRj=
M1yGmEEM4aSKEsr88-STTZOaXCL-vjuWvmfUmzNb_CtBq0nzu_vtFWa_xvTu-0pWHtY5M0ojI-Y=
Ch7RYnM5yzLdbtDGL3TSz7RNUA1WFWeuCQxgI1OYhlaC3MMJNeMGAwDWVwlQzzvaxdWB4jwEqYT=
PWq201pT4-T4too-Zx4-kRTqqA-Z4OYZdT1c0tOx1pJYnPj26Ydf1NdIeQ6ff7uA3o71iZ1WOjL=
jfNPLL7sKAlP78mvlCtWWMDUDM1Z4Z0tzhkQ2C0NWAV0y10Zr1f_Op8an5sCoKIerH2QttFOr7m=
KMtft5oq8OCzoiLiUrAy3ENjGtvpA-KlIYIo7wRYvD_sgmrFIK8yQGch5ie3V9" title=3D"co=
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