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Coinbase BytesPlus, a closer look at the countries making crypto moves. Vie=
w in=20
browser=20
<https://links.coinbase.com/e/evib?_t=3D3aca56371967418192255878e9689713&_m=
=3Dd77c03659897457ea748645098dc4f0e&_e=3D7wkQPTKVu-w047Mbf9-RZumgePWHH6PcIC=
aMwKOyfeiQ9JPtJoRTnvp12Ng6s9rmUOaTl21Ka8CEfy5ZJe_PpQ%3D%3D>
 <https://coinbase.com>
 28/06/2023
 <https://www.coinbase.com>
Singapore is among the growing list of countries exploring new web3=20
initiatives like tokenization. [Meri=C3=A7 Dagli via Unsplash]

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

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

 * Inside bitcoin=E2=80=99s latest rally. Wall Street boosted BTC to a 12-m=
onth high.
 * A growing list of countries are pursuing crypto ambitions. Brazil, Japan=
,=20
and Singapore are all making web3 moves.
 * Noteworthy numbers. The percentage of Fortune 100 companies that have=20
pursued crypto initiatives, and other key stats to know this week.




Bitcoin

 =C2=A323,766.70=20

 +1.26%=20
 <https://coinbase.com/price/bitcoin?bytes_title=3Dbitcoin>=20

Ethereum

 =C2=A31,447.86=20

 -1.74%=20
 <https://coinbase.com/price/ethereum?bytes_title=3Dethereum>=20


Cardano

 =C2=A30.21=20

 -6.34%=20
 <https://coinbase.com/price/cardano?bytes_title=3Dcardano>=20

Dogecoin

 =C2=A30.05=20

 -5.62%=20
 <https://coinbase.com/price/dogecoin?bytes_title=3Ddogecoin>=20


Solana

 =C2=A312.54=20

 -7.30%=20
 <https://coinbase.com/price/solana?bytes_title=3Dsolana>=20

Litecoin

 =C2=A365.48=20

 -1.22%=20
 <https://coinbase.com/price/litecoin?bytes_title=3Dlitecoin>=20


Bitcoin

 =C2=A323,766.70=20

 +1.26%=20
 <https://coinbase.com/price/bitcoin?bytes_title=3Dbitcoin>=20

Ethereum

 =C2=A31,447.86=20

 -1.74%=20
 <https://coinbase.com/price/ethereum?bytes_title=3Dethereum>=20

Cardano

 =C2=A30.21=20

 -6.34%=20
 <https://coinbase.com/price/cardano?bytes_title=3Dcardano>=20


Dogecoin

 =C2=A30.05=20

 -5.62%=20
 <https://coinbase.com/price/dogecoin?bytes_title=3Ddogecoin>=20

Solana

 =C2=A312.54=20

 -7.30%=20
 <https://coinbase.com/price/solana?bytes_title=3Dsolana>=20

Litecoin

 =C2=A365.48=20

 -1.22%=20
 <https://coinbase.com/price/litecoin?bytes_title=3Dlitecoin>=20
Price changes are for the past week, ending on Jun 28, 2023 at 07:50 PM UTC
See the latest prices <https://www.coinbase.com/price>



 MARKET UPDATE=20

Bitcoin hits 12-month high after Wall Street giants double down on crypto p=
lans

Boosted by a wave of positive crypto news=20
<https://www.coinbase.com/bytes/archive/bitcoin-rallies-on-wall-streets-cry=
pto-moves>
 =E2=80=94 with BlackRock, Fidelity, Charles Schwab, and other Wall Street =
giants=20
announcing new initiatives in the space =E2=80=94 crypto markets rallied th=
is week. BTC=20
hit a 12-month high north of $31,000 Friday as ether (ETH), bitcoin cash (B=
CH)=20
and a wide range of other cryptocurrencies also spiked. As of Tuesday, cryp=
to=E2=80=99s
total market cap <https://coinmarketcap.com/charts/> was up around $180 bil=
lion=20
over the previous week. Let=E2=80=99s take a deeper look.

 * Wall Street has been making major crypto news=20
<https://finance.yahoo.com/news/crypto-has-a-new-rescuer-wall-street-123946=
418.html>
, despite ongoing U.S.regulatory uncertainty=20
<https://www.coinbase.com/blog/we-need-clear-rules-for-crypto-to-protect-am=
erican-leadership-and-consumers>
. Last Tuesday, Fidelity, Charles Schwab, and Citadel launched a new crypto=
=20
exchange for institutional investors called EDX. Only BTC, ETH, BCH, and=20
litecoin are available to trade on the platform. Meanwhile, BlackRock, the=
=20
world=E2=80=99s largest asset manager, applied for SEC approval for anexcha=
nge-traded=20
fund <https://www.coinbase.com/learn/crypto-basics/what-is-an-etf> (ETF) th=
at=20
would buy BTC and sell shares to investors via conventional brokerages. Fir=
ms=20
including ARK Invest and WisdomTreefollowed=20
<https://decrypt.co/62912/high-profile-bitcoin-etf-applications>, and Fidel=
ity=20
isreportedly=20
<https://www.theblock.co/post/236588/fidelity-preparing-to-submit-spot-bitc=
oin-etf-filing-source>
 preparing its own BTC ETF bid.
 * Following the launch of EDX, Bitcoin Cash got the biggest boost=20
<https://www.coindesk.com/markets/2023/06/26/bitcoin-cash-price-jumps-to-on=
e-year-high-fueled-by-spiking-social-interest-exchange-support/>
, with prices up nearly 80% four days later. According to crypto market=20
research firmSantiment=20
<https://twitter.com/santimentfeed/status/1672443431602491392>, =E2=80=9CTh=
e sudden=20
price move has attracted retail trader attention, with social discussions a=
bout=20
the token rising to their highest in three years and trading volumes this y=
ear=20
hitting a record.=E2=80=9D
 * As of Monday, around $200 million had flowed into crypto-related investm=
ent=20
products during the previous seven days,making up for half of the preceding=
=20
nine straight weeks of outflows,according to a report=20
<https://www.coindesk.com/markets/2023/06/26/bitcoin-investment-sentiment-t=
urned-bullish-after-largest-weekly-fund-inflow-in-a-year/>
 from European digital asset manager CoinShares. =E2=80=9CWe believe this r=
enewed=20
positive sentiment is due to recent announcements from high profile [fund]=
=20
issuers that have filed for physically backed ETFs with the U.S. Securities=
 &=20
Exchange Commission,=E2=80=9D the report said.
 * Even though BTC prices are up, the overall number of trades remains=20
relatively low, possibly indicating that the biggest cryptocurrency by mark=
et=20
cap=E2=80=99s current rally is driven more by big-money institutional inves=
tors than by=20
everyday retail traders.Per CNBC=20
<https://www.cnbc.com/2023/06/26/bitcoin-btc-is-up-12percent-this-month-in-=
part-due-to-thin-liquidity.html>
: =E2=80=9CBig funds and crypto-focused hedge funds are among the market pa=
rticipants=20
driving the action.=E2=80=9D


Why it matters=E2=80=A6 All markets can be impacted by public sentiment, an=
d for=20
crypto, the recent narrative has been clouded by uncertainty arising from t=
he=20
actions of U.S. regulators. But now, as some of the biggest finance firms i=
n=20
the world make major new investments, the narrative may be shifting. Speaki=
ng=20
last week at the CoinbaseState of Crypto Summit=20
<https://www.coinbase.com/blog/insights-from-the-state-of-crypto-summit>=20
(co-hosted by the Financial Times), BlackRock=E2=80=99s head of strategic p=
artnerships=20
Joseph Chalomsaid=20
<https://ca.finance.yahoo.com/news/crypto-has-a-new-rescuer-wall-street-123=
946418.html?guce_referrer=3DaHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_s=
ig=3DAQAAAFLdRzjQAu8kzJA1tTcwI1DYtico0tVuKx_e0S4acl2pAC2b1SKvwyllWBoCPZ2IL7=
E2DJIoUQ-wuM0GF0giITtGwbR6ouaYWfOfNjiUyyFto3LRMDVytaG9u3YkaGvqTkOvFuyMSYyYR=
mtXBDvxhCHy7NpMzVGjsx-fNjKvL46W>
, =E2=80=9CI think there's an element of, =E2=80=98We need institutional cu=
stodians to step in=20
and play roles and participate in digital token economies.=E2=80=99=E2=80=
=9D
Read institutional insights=20
<https://www.coinbase.com/institutional/research-insights>=20
<https://www.coinbase.com/learning-rewards>

 WORLD WIDE WEB3=20

Brazil, Japan, and the countries making crypto moves

With crypto markets waking up, there has also been a steady drumbeat of new=
s=20
around governments, central banks, and commercial banks driving crypto=20
adoption. Countries including Brazil, Singapore, and Japan have made major=
=20
announcements aboutcentral bank digital currencies=20
<https://www.investopedia.com/terms/c/central-bank-digital-currency-cbdc.as=
p>=20
(CBDCs), tokenized assets, and regulatory developments =E2=80=94 highlighti=
ng what the=20
next wave of crypto use cases could look like around the world. Here=E2=80=
=99s what you=20
need to know.

Brazil is using its leading crypto exchange to help launch its CBDC.=20

For decades, the global finance system has been a mind-bogglingly complex=
=20
mishmash of physical money, digital systems, and a variety of often outdate=
d=20
back-end =E2=80=9Crails=E2=80=9D for moving capital around the world. Seeki=
ng to simplify=20
things, central banks indozens of countries=20
<https://www.atlanticcouncil.org/cbdctracker/> are working on CBDCs, digita=
l=20
versions of their currencies that exist only as code. (The Bahamas and Nige=
ria=20
are among the countries that have already successfully launched CBDCs.)

Of course, cryptocurrencies like bitcoin solve a lot of these problems, whi=
ch=20
might be why Brazilhas tapped Mercado Bitcoin=20
<https://www.coindesk.com/policy/2023/06/23/brazilian-central-bank-adds-cry=
pto-exchange-mercado-bitcoin-in-cbdc-pilot-including-mastercard/>
, the country=E2=80=99s largest crypto exchange, as a launch partner for th=
e country=E2=80=99s=20
CBDC. In Brazil, officials are hopeful that a digitalreal=20
<https://www.investopedia.com/terms/forex/a/brl-brazilian-real.asp> can hel=
p=20
expand financial services to the country=E2=80=99s 30 million-plus unbanked=
 residents.=20
Most CBDC experiments don=E2=80=99t explicitly rely on blockchain technolog=
y, but=20
Brazil=E2=80=99s central bankhas indicated=20
<https://www.ledgerinsights.com/visas-brazilian-cbdc-solution-targets-token=
ized-farm-contracts/>
 the digital real could also be compatible with smart contracts and DeFi us=
e=20
cases.

Singapore, HSBC, and JP Morgan are collaborating on use cases for tokenized=
=20
assets.

Singapore is working with a consortium=20
<https://www.linkedin.com/pulse/all-monetary-authority-singapores-project-g=
uardian-asset-tokenization/>
 including the Bank for International Settlements, JP Morgan, Citi, and oth=
er=20
finance giants to explore the =E2=80=9Ctokenization=E2=80=9D of various fin=
ancial assets,=20
according to a newstudy=20
<https://www.coindesk.com/policy/2023/06/26/singapores-mas-proposes-design-=
framework-for-interoperable-digital-asset-networks/>
 from the Monetary Authority of Singapore.

JP Morgan, for example, is part of a pilot that is exploring the creation o=
f=20
more global liquidity pools for government bonds, and has already successfu=
lly=20
tested cross-currency transactions using tokenized Japanese Yen and Singapo=
re=20
dollars. Multinational bank Standard Chartered is experimenting with tokeni=
zed=20
securities that trade on Singapore=E2=80=99s stock exchange. And HSBC has p=
iloted=20
tokenized debt products, and concluded that they cut down on costs and=20
settlement times.

Japan eased crypto tax rules for startups.

In a move that should make Japan more attractive for web3 businesses, the=
=20
nation=E2=80=99s tax authority hasreversed its decision=20
<https://decrypt.co/146163/cryptocurrency-issuers-in-japan-get-crucial-tax-=
relief>
 to implement a 30% tax on unrealized gains for cryptocurrency held by=20
companies.

While Japan is among the global leaders in crypto regulations, having adopt=
ed a
legal framework for stablecoins=20
<https://asia.nikkei.com/Spotlight/Cryptocurrencies/Japanese-banks-prepare-=
to-launch-stablecoins>
, the previous tax rule was criticized for being particularly burdensome on=
=20
crypto startups. =E2=80=9CFor the time being, people who want to do [a web3=
 business],=20
can now do it without leaving the country,=E2=80=9D noted Japanese crypto e=
ntrepreneur=20
Sota Watanabe, who moved his firm Stake Technologies to Singapore in 2020.

The bottom line=E2=80=A6=20

While the U.S. stalls on comprehensive crypto policy, the rest of the world=
 is=20
moving forward =E2=80=94 or as a recent Japan Times headline put it, the la=
ck of U.S.=20
action is a =E2=80=9Cboon for Japan=20
<https://twitter.com/brian_armstrong/status/1673466030608510977?s=3D20>.=E2=
=80=9D In=20
regions like the U.K. (where a16z is opening a new crypto hub) and the Euro=
pean=20
Union (which passed comprehensivecrypto rules=20
<https://www.coinbase.com/bytes/archive/europes-new-crypto-law> in April),=
=20
governments are laying the groundwork for the industry=E2=80=99s next phase=
. And in a=20
surprise reversal, even the International Monetary Fund, which has long bee=
n=20
skeptical of cryptocurrencies, has softened its opposition: Three senior=20
economists recentlywarned governments=20
<https://www.forbes.com/sites/digital-assets/2023/06/24/imf-suddenly-flips-=
on-crypto-as-wall-street-fuels-a-200-billion-bitcoin-ethereum-and-crypto-pr=
ice-rally/?sh=3D87d6fc66521e>
 that crackdowns on crypto =E2=80=9Cmay not be effective in the long run.=
=E2=80=9D
Read up on crypto in the U.K.=20
<https://www.coinbase.com/bytes/archive/why-venture-giant-a16zs-new-crypto-=
hub-is-in-london>



 NUMBERS TO KNOW=20

$87.5 million

Current valuation=20
<https://www.coindesk.com/business/2023/06/22/startup-kaito-gets-875m-valua=
tion-in-new-funding-to-build-ai-search-engine-for-crypto/>
 of crypto-meets-AI startupKaito=20
<https://www.linkedin.com/feed/update/urn:li:activity:7076949663412551680/>=
=20
after a $5.5 million Series A funding round. Kaito is an AI-powered search=
=20
engine that aims =E2=80=9Cto provide a whole new search experience to the e=
ntire crypto=20
community,=E2=80=9D by synthesizing on-chain data and other real-time infor=
mation from=20
all over the web. Over the last few months, well known crypto projects,=20
includingSolana <https://solana.com/news/ai-solana-anatoly-yakovenko> and=
=20
Etherscan=20
<https://www.coindesk.com/tech/2023/06/19/ethereum-scanner-etherscan-adds-o=
penai-based-tool-to-analyze-smart-contract-source-code/>
, have added artificial intelligence tools, as buzz for tech=E2=80=99s AI t=
rend=20
continues to grow.

5,630 BTC

The Lightning Network=E2=80=99s new all-time high=20
<https://www.theblock.co/post/236315/lightning-network-capacity> bitcoin=20
capacity as of Saturday, according to The Block. TheLightning Network=20
<https://www.coinbase.com/learn/crypto-basics/what-is-lightning> is a =E2=
=80=9Clayer-2=E2=80=9D=20
scaling solution that enables faster and cheaper BTC transactions by moving=
=20
them off the main Bitcoin blockchain, sort of like an express lane on a=20
highway. The new all-time high coincides with BTC=E2=80=99s latest rally, w=
hich was
boosted=20
<https://www.coinbase.com/bytes/archive/bitcoin-rallies-on-wall-streets-cry=
pto-moves>
 by Wall Street.

$55

Price of a day pass=20
<https://na.spatime.com/abh11249/73814252/activity?date=3D2023-06-26&timeOf=
Day=3D1440>
 for Bathhouse, a Brooklyn-based spa thatwarms=20
<https://www.instagram.com/reel/CtuESmhoicI/?utm_source=3Dig_web_copy_link&=
igshid=3DMzRlODBiNWFlZA%3D%3D>
 its pools with heat generated from its bitcoin mining rig and recycles col=
der=20
water to cool its mining equipment.

52%

Percentage of Fortune 100 companies in the U.S. that have pursued crypto,=
=20
blockchain, or web3 initiatives since the start of 2020, according to a new=
=20
corporate adoptionreport=20
<https://www.coinbase.com/blog/more-than-half-the-fortune-100-are-developin=
g-blockchain-initiatives-to-stay?__cf_chl_f_tk=3D5kzx4FBgWphsMfBdESXFoQADNA=
ZqhcAwn0MdlNXldeQ-1687440204-0-gaNycGzNDVA>
 from Coinbase in partnership with The Block. The research also indicates t=
hat=20
the U.S.=E2=80=99s regulatory approach is a top barrier to U.S. leadership =
of the=20
global financial system.

37

Approximate number of days=20
<https://www.nicehash.com/countdown/ltc-halving-2023-08-06-11-00> until=20
Litecoin=E2=80=99s next halving. Like Bitcoin, Litecoin undergoes a periodi=
c process in=20
which the amount of crypto awarded to minersdecreases by half=20
<https://www.coinbase.com/learn/crypto-basics/what-is-a-bitcoin-halving#:~:=
text=3DDefinition,scarce%2C%20inflation%2Dresistant%20resource.>
. Halving is a tool some cryptocurrencies use to combatinflation=20
<https://www.coinbase.com/learn/crypto-basics/what-is-inflation>.




 TOKEN TRIVIA=20

Which of the following is a stablecoin?

AMATIC
BSOL
CUSDC
DAVAX
Find the answer at the end of the email.
Learn about stablecoins=20
<https://www.coinbase.com/learn/crypto-basics/what-is-a-stablecoin>


Trivia answer

CUSDC

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

 =C2=A9 Coinbase 2023 | Coinbase Europe Limited=20
 70 Sir John Rogerson=E2=80=99s Quay | Dublin 2 | D02 R296 | Ireland=20
 =C2=A9 Coinbase 2023 | CB Payments, Ltd=20
 The Scalpel - 18th Floor | 52 Lime Street | London | EC3M 7AF | UK=20
www.coinbase.com <https://www.coinbase.com/>=20
Get in touch <https://help.coinbase.com/en>=20

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

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


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-RZumgePWHH6PcICaMwKOyfeiQ9JPtJoRTnvp12Ng6s9rmPp1IPzhNTTfUxZHdB-iD4TwQn_I0h=
VHUJSFQ2-nTQnS65h6zfBUAZyKsOkX5OLXVyZdFMdWJNQDLTvMXlcPLkYyU55iD24rzES6EmAuY=
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or: #0A0B0D;"><span style=3D"color:transparent;visibility:hidden;display:no=
ne;opacity:0;height:0;width:0;font-size:0;">Plus, a closer look at the coun=
tries making crypto moves. </span><img src=3D"https://links.coinbase.com/e/=
eo?_t=3D3aca56371967418192255878e9689713&amp;_m=3Dd77c03659897457ea74864509=
8dc4f0e&amp;_e=3D7wkQPTKVu-w047Mbf9-RZumgePWHH6PcICaMwKOyfeiQ9JPtJoRTnvp12N=
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rtant;" width=3D"1" height=3D"1"/><div id=3D"root" style=3D"min-width: 320p=
x; background-color: #FFFFFF; width: 100%"><div style=3D"min-width: 320px; =
max-width: 570px; overflow-wrap: break-word; word-break: break-word; margin=
: 0px auto;" class=3D"block-grid"><div style=3D"padding: 0px 10px 10px;"><d=
iv style=3D"text-align: right; margin-bottom: 24px;"><a href=3D"https://lin=
ks.coinbase.com/e/evib?_t=3D3aca56371967418192255878e9689713&_m=3Dd77c03659=
897457ea748645098dc4f0e&_e=3D7wkQPTKVu-w047Mbf9-RZumgePWHH6PcICaMwKOyfeiQ9J=
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"margin-bottom: 20px;"><table style=3D"width: 100%;"><tbody><tr><td style=
=3D"text-align: left; vertical-align: middle;"><a href=3D"https://links.coi=
nbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd77c0365989745=
7ea748645098dc4f0e&_e=3DXoe-VJN16cGjcn-cAXhzIoRH0sJj0n5C3yem1DB-lvioGI2ddyt=
qE3E5LzuOu6N0Fa3K5lGpDhSxowvZioBKi_bWKfdJGVjQX1KW8IepdThLewARQI9sDCGEHMfBUK=
j0Eho4_PIyDtaYJPBu116GN9z3OUut5G5svWwHrv17UmuR-O0PQOHf7dhHv14nITnw26R4nGS87=
idj9OFz_5_wpB4-pkPqt8gMIqHdWin0Ui7avEWzF-TrxdLY8vzUGZcxDz-Ue7HHVJ-xH28wgmqY=
ZXGck_GtWvPNfVokhhgXy4q7VXjlNgipp2mS59rhCLZf" title=3D"Coinbase Bytes" targ=
et=3D"_blank" rel=3D"noopener noreferrer"><img src=3D"https://d15k2d11r6t6r=
l.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6d=
d6a/3aca56371967418192255878e9689713/cbytes-4x.png" height=3D"36" style=3D"=
display: block; height: 36px;"></a></td><td style=3D"text-align: right;"><p=
 style=3D"font-size: 20px; color: rgb(10, 11, 1); margin: 10px 0px 0px;"> 2=
8/06/2023</p></td></tr></tbody></table></div><a href=3D"https://links.coinb=
ase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd77c03659897457e=
a748645098dc4f0e&_e=3DXoe-VJN16cGjcn-cAXhzIq7j3O4V_6YyDqf6UkJJfyL0L2gBjgpQT=
WFPQp1skdVlgMTERrAbayxVpuAHw6PEmQ_RdTeyhCwnlPUevKrweeagGiijn9yLsSUqOj2Nq41T=
27qMzj1gkUCmoHCwuKw3GwpqjYxwttSDsWtVWSa2J_0mRSBnUHmQ394VFxdAKrZ2pxC-N55aAUK=
UzmQvPltQYp9KUkQFPFRE0_AvugxT2bn22cBYxBoHW0Wd3zd33fg8JSVVCmvXoobjv3sN7GhLRY=
Tpfh5z3w_MxDg4voP87LaXgrLL-jZ-AL1BveVH6RP9" target=3D"_blank" rel=3D"noopen=
er noreferrer"><img src=3D"https://images.ctfassets.net/q5ulk4bp65r7/45aL40=
NVbmITXv5iQjxBqU/ad11a348a08667696a91eaf8a04ff5e6/image1.jpg" width=3D"100%=
" style=3D"display: block; width: 100%;"></a><p style=3D"margin: 16px 0px 0=
px; line-height: 1.5; word-break: break-word; font-size: 12px; color: rgb(9=
1, 97, 110);">Singapore is among the growing list of countries exploring ne=
w web3 initiatives like tokenization. [Meri=C3=A7 Dagli via Unsplash]</p><p=
 style=3D"margin: 48px 0px 16px; font-size: 32px; line-height: 1.26; word-b=
reak: break-word;"><strong>What=E2=80=99s up? It=E2=80=99s Coinbase Bytes <=
/strong></p><p style=3D"margin: 0px; line-height: 1.6; word-break: break-wo=
rd;">There=E2=80=99s never a dull moment on the blockchain. Here=E2=80=99s =
what you need to know this week:</p><!--[if mso]><ul style=3D"line-height:1=
.6;mso-line-height-alt:26px;"><![endif]--><!--[if !mso]><!-- --><ul style=
=3D"margin: 10px 0px; padding-left: 24px; line-height: 1.6;"><!--<![endif]-=
-><li style=3D"margin: 0px; padding: 6px 0px;"><strong>Inside bitcoin=E2=80=
=99s latest rally. </strong>Wall Street boosted BTC to a 12-month high.</li=
><li style=3D"margin: 0px; padding: 6px 0px;"><strong>A growing list of cou=
ntries are pursuing crypto ambitions. </strong>Brazil, Japan, and Singapore=
 are all making web3 moves.</li><li style=3D"margin: 0px; padding: 6px 0px;=
"><strong>Noteworthy numbers. </strong>The percentage of Fortune 100 compan=
ies that have pursued crypto initiatives, and other key stats to know this =
week.</li></ul><p style=3D"margin: 0px; padding: 0px;"></p><!--[if !mso]><!=
--> <div class=3D"desktop_hide" style=3D"mso-hide:all;display:none;max-heig=
ht:0;overflow:hidden;"> <table style=3D"width:100%;table-layout:fixed;margi=
n:0;"> <tbody> <tr> <td style=3D"padding-top:40px;"> <a href=3D"https://com=
m.coinbase.com/CL0/https:%2F%2Flinks.coinbase.com%2Fa%2Fclick%3F_t=3D3aca56=
371967418192255878e9689713%26_m=3Dd77c03659897457ea748645098dc4f0e%26_e=3DX=
oe-VJN16cGjcn-cAXhzIqeem1yAImtCHCNBvWKNo-YXkEmWqfY02GN4ZrWZ2H7flsWpIPsHLYUd=
CUSd19eeUIVwMCKYgQLkzt1dBl0TeWkC8IYZCVQYo5RPJB10G2Nfb95qILK3N1sQC6diXJBNS_M=
o9992EzN4400lOPlZLjECP10671MgIfDiwg9IX1_sPmR4P7vpOIVNDkX9rOJRuEcNO0BwHHDCcg=
jQFyjPpPIOtwzIAtQx348JLIC2MFSMzL_iXP69hBboyCq9bs1AY6lVuHO8Tuqmz3MitsC0IW1iB=
hM0PWN1pTlIk4icD8op9jTZKxbcbdkRtQ84KRYF1e2dbCOhoHeVr48DNMWoBYg%253D/1/01000=
18903926f05-535df39f-afa7-4a34-97e1-b81d06238bc1-000000/DvbfJkubReVffsI0DuN=
DygnZtRfm5mrmTVBkzOKDGNw=3D307" 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/3aca56371967418192255878e=
9689713/up-arrow.png" style=3D"height:12px;width:12px;margin:2px 0px 0px 0p=
x;vertical-align:top;" height=3D"12" width=3D"12"/> </td> <td style=3D"padd=
ing:0;vertical-align:top;"> <div style=3D"text-align:left;margin:0px 0px 0p=
x 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Bitcoin</strong></p>=
 <p style=3D"margin:8px 0px;"> =C2=A323,766.70 </p> <p style=3D"margin:0;fo=
nt-size:12px;"> +1.26% </p> </div> </td> </tr> </tbody> </table> </a> </td>=
 <td style=3D"padding-top:40px;"> <a href=3D"https://comm.coinbase.com/CL0/=
https:%2F%2Flinks.coinbase.com%2Fa%2Fclick%3F_t=3D3aca56371967418192255878e=
9689713%26_m=3Dd77c03659897457ea748645098dc4f0e%26_e=3DXoe-VJN16cGjcn-cAXhz=
Iqeem1yAImtCHCNBvWKNo-Z0mjg7PxX5CwsPrEqzmqaqDojZSsWk_qqFnPpcSrxLan0nbejYXFm=
Dp2gZ8imAcA9Zf_-fmPAhv2hO4U5WPiWEqkJbLjFQAe8zefMDYKlGO_bzKZa6ZFYURLZoF2-Lkn=
VqVZsc0TDJkeCHEEMSgWMfEQJl9CKz3PcgSPOPfen7DBlmDNffbCN8gVqC08Hbo2pciD8Tb7tAO=
1huoO1rKOsjL7kWJTstq8m5SZ4k9SDnr1e5uCHucCo3MRIM4yZQQEIEWTWfMhvC2aIuk3xwMvTk=
Q1ileW_qkkrPtwOiMEl_ooaXpHTeM68RsiaaWqYFdsk%253D/1/0100018903926f05-535df39=
f-afa7-4a34-97e1-b81d06238bc1-000000/kvz7E95-BuOGBAEDj9Q3moJNa3YQOd3YXw8koU=
3L_Uk=3D307" 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/down-arrow.=
png" style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:=
top;" height=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;vertical-al=
ign:top;"> <div style=3D"text-align:left;margin:0px 0px 0px 10px;line-heigh=
t:1;"> <p style=3D"margin:0;"><strong>Ethereum</strong></p> <p style=3D"mar=
gin:8px 0px;"> =C2=A31,447.86 </p> <p style=3D"margin:0;font-size:12px;"> -=
1.74% </p> </div> </td> </tr> </tbody> </table> </a> </td> </tr> <tr> <td s=
tyle=3D"padding-top:20px;"> <a href=3D"https://comm.coinbase.com/CL0/https:=
%2F%2Flinks.coinbase.com%2Fa%2Fclick%3F_t=3D3aca56371967418192255878e968971=
3%26_m=3Dd77c03659897457ea748645098dc4f0e%26_e=3DXoe-VJN16cGjcn-cAXhzIqeem1=
yAImtCHCNBvWKNo-Zmq1McxtSQ2LKD8k-ZDRkfonxF9miD9qkGxTsS67jNBSP1W3RwHLkLSyp79=
xFQ0v5RUJgLrRC33BPjVl2-O7rX7rlQuoXEeV5KH1kRehE1tnfXHc9mBtZogl7LmkqybeLvIry9=
lpBFQJxCAyT9FDM1RQTvqBy1LCI1VG89hYI3YKQp0_mYpPCSBQho0JlrmaFa_SFB7qEElnWnEWm=
c14mG2w5uoWUM7PicBf7ZJ7JLRXV9YcLxdX7Iavc08tYom8jVMFP1cKnVjsZsl8b49ZXfjIIN1o=
Yt-qAzovQQw6nBCc5qHM_RbBqjzZNeAMSf9w0%253D/1/0100018903926f05-535df39f-afa7=
-4a34-97e1-b81d06238bc1-000000/R4fHi9_yMYOFoFO4ffG3DxZzuGaQI5WTu8aHhSeJ3I4=
=3D307" target=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <t=
able> <tbody> <tr> <td style=3D"padding:0;vertical-align:top;"> <img src=3D=
"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b=
6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/down-arrow.png" =
style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;"=
 height=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;vertical-align:t=
op;"> <div style=3D"text-align:left;margin:0px 0px 0px 10px;line-height:1;"=
> <p style=3D"margin:0;"><strong>Cardano</strong></p> <p style=3D"margin:8p=
x 0px;"> =C2=A30.21 </p> <p style=3D"margin:0;font-size:12px;"> -6.34% </p>=
 </div> </td> </tr> </tbody> </table> </a> </td> <td style=3D"padding-top:2=
0px;"> <a href=3D"https://comm.coinbase.com/CL0/https:%2F%2Flinks.coinbase.=
com%2Fa%2Fclick%3F_t=3D3aca56371967418192255878e9689713%26_m=3Dd77c03659897=
457ea748645098dc4f0e%26_e=3DXoe-VJN16cGjcn-cAXhzIqeem1yAImtCHCNBvWKNo-beiSB=
Fxgbo99PLNBwJc35guKM7plAnY_h_HGJ59KhlPHtR5vXcKx5LTjUiflj8Lwp4RgHA_6ovpI2jFV=
B0sTFbn9UH06YtD8YAQWKew6xAVmWGfTjpKFPRBUVXXX2I8j2kggoloatYIz2EUqW9GaKwdLJI4=
SuyGPUSX8O72L5gAqmDDZUa1u4wLcprpByrli0MX5UmF9VLCBW4meJVxbQ1VU9gDQ-a_RgKI5eu=
kFgddcf2S3gJ20GgVL1sFU_itCsbSnapjJYr_jH6-AcFLuRjflLtUu5H6KLKg2iHSKKTQ_h1F2A=
oMTWgjrOpM4w558Y%253D/1/0100018903926f05-535df39f-afa7-4a34-97e1-b81d06238b=
c1-000000/fdJrarksUlv-iETpJ4-EnEnnpxpPw1oY7jnzEiiYSVc=3D307" target=3D"_bla=
nk" style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td=
 style=3D"padding:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6r=
l.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6d=
d6a/3aca56371967418192255878e9689713/down-arrow.png" style=3D"height:12px;w=
idth:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"12" width=
=3D"12"/> </td> <td style=3D"padding:0;vertical-align:top;"> <div style=3D"=
text-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin=
:0;"><strong>Dogecoin</strong></p> <p style=3D"margin:8px 0px;"> =C2=A30.05=
 </p> <p style=3D"margin:0;font-size:12px;"> -5.62% </p> </div> </td> </tr>=
 </tbody> </table> </a> </td> </tr> <tr> <td style=3D"padding-top:20px;"> <=
a href=3D"https://comm.coinbase.com/CL0/https:%2F%2Flinks.coinbase.com%2Fa%=
2Fclick%3F_t=3D3aca56371967418192255878e9689713%26_m=3Dd77c03659897457ea748=
645098dc4f0e%26_e=3DXoe-VJN16cGjcn-cAXhzIqeem1yAImtCHCNBvWKNo-ZGNZtyxtl0CRb=
8OZAPFUDGPMqrmV_CJav8bEGJ_0fSprNwCtavucjJkB8fL57zHCAtVE_F1uXwcRaKH2NZXaPRJc=
zHN12F2sQN0HJRn7CXwgj3ixxqQhGCLiD548yLWAnLPVaSdNr-R30wdTIOfxoj9YGTjq8a3Qc4i=
OkPVPJZsqBGTqVAuHAZvcbg_6i8mU6cmcFXkI9rBnNF4_H1lwiDnGtJf-Yi_l8YS8FxYr3iUX5o=
2oblA5zxaTY0ThzPh-rKxZ0WLVQfGW-p15Ch9EjMNAlVs1vJjTrsxo03jdlpvimYefppJOuK5KW=
eK2oQSfM%253D/1/0100018903926f05-535df39f-afa7-4a34-97e1-b81d06238bc1-00000=
0/SNeWjAbOocbQBkLIKd0_jICn1snoRYEO2vJ8P00_FF4=3D307" 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/down-arrow.png" style=3D"height:12px;width:1=
2px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"12" width=3D"12"/=
> </td> <td style=3D"padding:0;vertical-align:top;"> <div style=3D"text-ali=
gn:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><st=
rong>Solana</strong></p> <p style=3D"margin:8px 0px;"> =C2=A312.54 </p> <p =
style=3D"margin:0;font-size:12px;"> -7.30% </p> </div> </td> </tr> </tbody>=
 </table> </a> </td> <td style=3D"padding-top:20px;"> <a href=3D"https://co=
mm.coinbase.com/CL0/https:%2F%2Flinks.coinbase.com%2Fa%2Fclick%3F_t=3D3aca5=
6371967418192255878e9689713%26_m=3Dd77c03659897457ea748645098dc4f0e%26_e=3D=
Xoe-VJN16cGjcn-cAXhzIqeem1yAImtCHCNBvWKNo-bSu5K6YW7YhHz-iEqrvaWsLZZg25tX9bH=
cPB_kPCAS1aJim8tgD0SpJHdHLgsOstJpGSHB9siQVAcL-bCffpaefD5re15lBkImBOVDXKKxF8=
C8U3H8TEDi0LEXFPpn5_oZv8RmBHgsvlq_1_4dkzUUeHNtG3l8JquL7j8HUm10aLGQwst1yln4N=
J39RqJ_yFqf8cterRImjc_NWXGC6a7z2tMq8foqro-VhXzz_zzGReeT2ShzmxJU-E-9cuYvp_ko=
Sijy1YqCDkwhy7Fx2O6dUmhbHnS22VTZsMwy3yFwmwi1NYgCKoSYkXV7STPpoE8%253D/1/0100=
018903926f05-535df39f-afa7-4a34-97e1-b81d06238bc1-000000/eqtafKDc_Estam628P=
1f06jRgGlslUkiQmzDHKS0-L4=3D307" target=3D"_blank" style=3D"text-decoration=
:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical=
-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/user=
s/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878=
e9689713/down-arrow.png" style=3D"height:12px;width:12px;margin:2px 0px 0px=
 0px;vertical-align:top;" height=3D"12" width=3D"12"/> </td> <td style=3D"p=
adding:0;vertical-align:top;"> <div style=3D"text-align:left;margin:0px 0px=
 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Litecoin</strong>=
</p> <p style=3D"margin:8px 0px;"> =C2=A365.48 </p> <p style=3D"margin:0;fo=
nt-size:12px;"> -1.22% </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> <t=
d style=3D"padding-top:40px;"> <a href=3D"https://comm.coinbase.com/CL0/htt=
ps:%2F%2Flinks.coinbase.com%2Fa%2Fclick%3F_t=3D3aca56371967418192255878e968=
9713%26_m=3Dd77c03659897457ea748645098dc4f0e%26_e=3DXoe-VJN16cGjcn-cAXhzIqe=
em1yAImtCHCNBvWKNo-YXkEmWqfY02GN4ZrWZ2H7flsWpIPsHLYUdCUSd19eeUIVwMCKYgQLkzt=
1dBl0TeWkC8IYZCVQYo5RPJB10G2Nfb95qILK3N1sQC6diXJBNS_Mo9992EzN4400lOPlZLjHR3=
sNISSpAh6-5PhpI8AJC41egNv-Dxf8l7jgWRBK_cbeIPLaIPWXUmafP9P_-sUPc1HFXrW99Rbdz=
nAjJtCl6_vFNrnkQ1aBVt_KKLr5Pd41dsw-fXWR6WYJ3KxKflZYaXmQHKYdLVk59nDiYW5mG0t_=
chSpHvCFjla9IKR9k29hX9z1CnrASQifzkQVROj4%253D/1/0100018903926f05-535df39f-a=
fa7-4a34-97e1-b81d06238bc1-000000/_M-PA7zLqNwpzLsTEf_iFSH5NfRMU-ECdVM2rT5pE=
QQ=3D307" 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>Bitcoin</strong></p> <p style=3D"margin:8=
px 0px;"> =C2=A323,766.70 </p> <p style=3D"margin:0;font-size:12px;"> +1.26=
% </p> </div> </td> </tr> </tbody> </table> </a> </td> <td style=3D"padding=
-top:40px;"> <a href=3D"https://comm.coinbase.com/CL0/https:%2F%2Flinks.coi=
nbase.com%2Fa%2Fclick%3F_t=3D3aca56371967418192255878e9689713%26_m=3Dd77c03=
659897457ea748645098dc4f0e%26_e=3DXoe-VJN16cGjcn-cAXhzIqeem1yAImtCHCNBvWKNo=
-Z0mjg7PxX5CwsPrEqzmqaqDojZSsWk_qqFnPpcSrxLan0nbejYXFmDp2gZ8imAcA9Zf_-fmPAh=
v2hO4U5WPiWEqkJbLjFQAe8zefMDYKlGO_bzKZa6ZFYURLZoF2-LknVqVZsc0TDJkeCHEEMSgWM=
f0cfE8VkUqRRdChSXUE_QGVT8bw0msbSvwIKJPNN5GXBPA5c57VWyapwob7oOMcusDdpwdgkEbh=
VO9ai6Mbj9jLhmhg_iXlcpacslzb8a8yTNvKoilM8oJlq8FahBO3nf5mPwapHO-Ucly8ZEKaKZ_=
Ztgo5oXNba2XfxoTB_ktHM%253D/1/0100018903926f05-535df39f-afa7-4a34-97e1-b81d=
06238bc1-000000/CA0fTCCZLmKBUo3uvoRsK69Af3oaVEoVKo5VKbhV0lc=3D307" 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://d15k2=
d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c=
542cff6dd6a/3aca56371967418192255878e9689713/down-arrow.png" style=3D"heigh=
t: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 sty=
le=3D"text-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D"=
margin:0;"><strong>Ethereum</strong></p> <p style=3D"margin:8px 0px;"> =C2=
=A31,447.86 </p> <p style=3D"margin:0;font-size:12px;"> -1.74% </p> </div> =
</td> </tr> </tbody> </table> </a> </td> <td style=3D"padding-top:40px;"> <=
a href=3D"https://comm.coinbase.com/CL0/https:%2F%2Flinks.coinbase.com%2Fa%=
2Fclick%3F_t=3D3aca56371967418192255878e9689713%26_m=3Dd77c03659897457ea748=
645098dc4f0e%26_e=3DXoe-VJN16cGjcn-cAXhzIqeem1yAImtCHCNBvWKNo-Zmq1McxtSQ2LK=
D8k-ZDRkfonxF9miD9qkGxTsS67jNBSP1W3RwHLkLSyp79xFQ0v5RUJgLrRC33BPjVl2-O7rX7r=
lQuoXEeV5KH1kRehE1tnfXHc9mBtZogl7LmkqybeJbObycx2Yg370CtVJ1l0Z6j-8MYxizGChIP=
61fFgohCRmRRWlj0-3dYvWDtJ10zq_hnQMk2fnn5ZMu5S9Sod2mkrpR74KjOMiJ-PS71a2MH5P9=
lYoMJQncQfZ-sDqM9e9QcA3PbVdY4kJn-CotDqjBgfZfJEB1zM3etwQH6hY9xptyad22s8UTk3k=
L0Pon6dQ%253D/1/0100018903926f05-535df39f-afa7-4a34-97e1-b81d06238bc1-00000=
0/-0XRPGIuBDHrI4ndPCLmh1Fu9R6IouIqzvdJdTBhXxo=3D307" 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/down-arrow.png" style=3D"height:12px;width:1=
2px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"12" width=3D"12"/=
> </td> <td style=3D"padding:0;vertical-align:top;"> <div style=3D"text-ali=
gn:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><st=
rong>Cardano</strong></p> <p style=3D"margin:8px 0px;"> =C2=A30.21 </p> <p =
style=3D"margin:0;font-size:12px;"> -6.34% </p> </div> </td> </tr> </tbody>=
 </table> </a> </td> </tr> <tr> <td style=3D"padding-top:20px;"> <a href=3D=
"https://comm.coinbase.com/CL0/https:%2F%2Flinks.coinbase.com%2Fa%2Fclick%3=
F_t=3D3aca56371967418192255878e9689713%26_m=3Dd77c03659897457ea748645098dc4=
f0e%26_e=3DXoe-VJN16cGjcn-cAXhzIqeem1yAImtCHCNBvWKNo-beiSBFxgbo99PLNBwJc35g=
uKM7plAnY_h_HGJ59KhlPHtR5vXcKx5LTjUiflj8Lwp4RgHA_6ovpI2jFVB0sTFbn9UH06YtD8Y=
AQWKew6xAVmWGfTjpKFPRBUVXXX2I8j2kggoloatYIz2EUqW9GaKwqpegxUCBFYMUDOIfaWPZbo=
9x1ZY50IDPCfGwxApJ4E2JcYOfFuctZcrpIeIXnPYSsh5w6GapAAvX7v7CRb1soMxM611dG4Kz7=
5GdhrS-W9Lgu9qS5C6TiTY6tnZnbHi94QX0xmqfiagUI0qub0h0AJQR9UtOsFahy2NhSDITY10%=
253D/1/0100018903926f05-535df39f-afa7-4a34-97e1-b81d06238bc1-000000/VNZ9XJ0=
ULzYQZhkQrYCjV2jS5j9Hd9W_GjcCHH84v3M=3D307" target=3D"_blank" style=3D"text=
-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding=
:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/=
public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca563719674=
18192255878e9689713/down-arrow.png" style=3D"height:12px;width:12px;margin:=
2px 0px 0px 0px;vertical-align:top;" height=3D"12" width=3D"12"/> </td> <td=
 style=3D"padding:0;vertical-align:top;"> <div style=3D"text-align:left;mar=
gin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Dogeco=
in</strong></p> <p style=3D"margin:8px 0px;"> =C2=A30.05 </p> <p style=3D"m=
argin:0;font-size:12px;"> -5.62% </p> </div> </td> </tr> </tbody> </table> =
</a> </td> <td style=3D"padding-top:20px;"> <a href=3D"https://comm.coinbas=
e.com/CL0/https:%2F%2Flinks.coinbase.com%2Fa%2Fclick%3F_t=3D3aca56371967418=
192255878e9689713%26_m=3Dd77c03659897457ea748645098dc4f0e%26_e=3DXoe-VJN16c=
Gjcn-cAXhzIqeem1yAImtCHCNBvWKNo-ZGNZtyxtl0CRb8OZAPFUDGPMqrmV_CJav8bEGJ_0fSp=
rNwCtavucjJkB8fL57zHCAtVE_F1uXwcRaKH2NZXaPRJczHN12F2sQN0HJRn7CXwgj3ixxqQhGC=
LiD548yLWAl_EV-W27hgnGRWpaLqgTNamIxzhdITaGbRHPA4fgK1teLFXUTbpgwUS_J1IoBdkI8=
llME46-FMp93YO09-_ZjMxn4rYuzvDd0tHbFEzAZQSQXbFv5KL2q540Raod9zpE7JXv_2eO5U2l=
Y3j2gjz4qRfFioLpCEJVSn0hJHJN-WBfTYxc_9c0_pMR3v9uP69Zk%253D/1/0100018903926f=
05-535df39f-afa7-4a34-97e1-b81d06238bc1-000000/mz2tC2BgHWBbiPssrjLZJe5QinAi=
RIo-lGn3njKkXBs=3D307" target=3D"_blank" style=3D"text-decoration:none;colo=
r:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical-align:top=
;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrat=
ors/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/d=
own-arrow.png" style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;verti=
cal-align:top;" height=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;v=
ertical-align:top;"> <div style=3D"text-align:left;margin:0px 0px 0px 10px;=
line-height:1;"> <p style=3D"margin:0;"><strong>Solana</strong></p> <p styl=
e=3D"margin:8px 0px;"> =C2=A312.54 </p> <p style=3D"margin:0;font-size:12px=
;"> -7.30% </p> </div> </td> </tr> </tbody> </table> </a> </td> <td style=
=3D"padding-top:20px;"> <a href=3D"https://comm.coinbase.com/CL0/https:%2F%=
2Flinks.coinbase.com%2Fa%2Fclick%3F_t=3D3aca56371967418192255878e9689713%26=
_m=3Dd77c03659897457ea748645098dc4f0e%26_e=3DXoe-VJN16cGjcn-cAXhzIqeem1yAIm=
tCHCNBvWKNo-bSu5K6YW7YhHz-iEqrvaWsLZZg25tX9bHcPB_kPCAS1aJim8tgD0SpJHdHLgsOs=
tJpGSHB9siQVAcL-bCffpaefD5re15lBkImBOVDXKKxF8C8U3H8TEDi0LEXFPpn5_oZv8RmBHgs=
vlq_1_4dkzUU-O_UwEo7VrVvY6TjZrYh2WXEjLOJ_o5g9JZiUjFPzqTbldhHwsFk8mTmxf5sgdM=
1eQoyZYn2NV_lThMQ4tjBbFz73cyaB5wRSK7Mfx9h60wDdkM98J0J6-DLb8G-8z830J2dT8VmQ5=
ULwSFNMWBMxuCYsLEssc15K2sbCxMBsdU%253D/1/0100018903926f05-535df39f-afa7-4a3=
4-97e1-b81d06238bc1-000000/qAQYeJb2g-csZ2nVFZkNuCAGe4fQGe7kha92deWmEk0=3D30=
7" 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/down-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>Litecoin</strong></p> <p style=3D"margin:8px 0p=
x;"> =C2=A365.48 </p> <p style=3D"margin:0;font-size:12px;"> -1.22% </p> </=
div> </td> </tr> </tbody> </table> </a> </td> </tr> </tbody> </table> </div=
><p style=3D"margin: 20px 0px 0px; line-height: 1.5; word-break: break-word=
; color: rgb(91, 97, 110); font-size: 12px;">Price changes are for the past=
 week, ending on Jun 28, 2023 at 07:50 PM UTC</p><div class=3D"cta_button" =
style=3D"margin: 24px 0px 0px; padding: 0px; width: 50%;"><!--[if mso]><tab=
le width=3D"100%" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D=
"border-spacing:0;border-collapse:collapse;mso-table-lspace:0pt;mso-table-r=
space: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:o=
ffice:word" ses:no-track href=3D"https://links.coinbase.com/a/click?_t=3D3a=
ca56371967418192255878e9689713&_m=3Dd77c03659897457ea748645098dc4f0e&_e=3DX=
oe-VJN16cGjcn-cAXhzIq7j3O4V_6YyDqf6UkJJfyKzKNcoDJU1Dp6NMQ1vH3aCRiyQy4bpkOpK=
kRzpiRY-PPSjcWzGPyfAgFnfafvspYYPN6AGbPa9nDA2xX_NFypNG-cQsTKjWVl-qDmcjYtr5AM=
NMFFCnBe54HHL3LrQt5R_Y6AIU0BFqLLNAH_zMBqhsdkO_y8LJQZ6tG8XJ6W4GyJPmbOy4ybTBE=
e8_vRb9aVQx-fygTuC1G2ki2cKSzNuGb_Vgv1jzV8ErU6_0CZcbmnhACILNFtJTG6CqQmD6WxIo=
RO-tLTUXV-C1lYV_dPi9cIHWVDClYOvx0_Mnkp8-Q%3D%3D" style=3D"width:350pt;v-tex=
t-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: He=
lvetica Neue, Helvetica, Arial, sans-serif;"><![endif]--><a href=3D"https:/=
/links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd77c=
03659897457ea748645098dc4f0e&_e=3DXoe-VJN16cGjcn-cAXhzIq7j3O4V_6YyDqf6UkJJf=
yKzKNcoDJU1Dp6NMQ1vH3aCRiyQy4bpkOpKkRzpiRY-PPSjcWzGPyfAgFnfafvspYYPN6AGbPa9=
nDA2xX_NFypNG-cQsTKjWVl-qDmcjYtr5IlY8AzE8HAgpWoWPfzGphvX8ZBFfxYWdPSB72dzahw=
eAR9ZnO-X-tfqoTVOf6dm7YgB4H6WI2erfyX0rJdHEuUBb1ahhT1i0mPua3AmWEylQr6iFoI_d9=
92PJHoDtkByrC5XjXcHmae1tJsnp1Gv8QZ56cKKl0BOnr4cR7S5QP7Yj02wQpbj_0OzMiX5Ga5k=
g%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer" style=3D"display: bl=
ock; margin: 0px; line-height: 1.2; font-size: 16px; text-decoration: none;=
 color: rgb(255, 255, 255); background-color: rgb(0, 82, 255); border-radiu=
s: 30px; text-align: center; padding: 18px 0px;"><strong>See the latest pri=
ces</strong></a><!--[if mso]></center></v:textbox></v:roundrect></td></tr><=
/table><![endif]--></div><table width=3D"100%" role=3D"presentation" style=
=3D"table-layout: fixed; vertical-align: top; border-spacing: 0px; border-c=
ollapse: collapse; min-width: 100%; text-size-adjust: 100%;"><tbody><tr sty=
le=3D"vertical-align: top;"><td valign=3D"top" style=3D"word-break: break-w=
ord; vertical-align: top; min-width: 100%; text-size-adjust: 100%; padding:=
 48px 0px;"><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=
=3D"100%" align=3D"center" role=3D"presentation" style=3D"table-layout: fix=
ed; vertical-align: top; border-spacing: 0px; border-collapse: collapse; bo=
rder-top: 2px solid rgb(222, 224, 226); width: 100%;"><tbody><tr style=3D"v=
ertical-align: top;"><td valign=3D"top" style=3D"word-break: break-word; ve=
rtical-align: top; text-size-adjust: 100%;"><span></span></td></tr></tbody>=
</table></td></tr></tbody></table><div><table style=3D"margin: 0px; padding=
: 0px;"><tbody><tr><td style=3D"margin: 0px; padding-right: 11px; vertical-=
align: middle;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/us=
ers/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca563719674181922558=
78e9689713/dot-1.5x.png" width=3D"12" height=3D"12" style=3D"display: block=
; width: 12px; height: 12px;"></td><td style=3D"margin: 0px; padding: 0px; =
vertical-align: middle;"><p style=3D"margin: 0px; font-size: 16px; letter-s=
pacing: 0.075em;"><strong> MARKET UPDATE </strong></p></td></tr></tbody></t=
able><p style=3D"margin: 5px 0px 0px; font-size: 32px; line-height: 1.26; w=
ord-break: break-word;"><strong>Bitcoin hits 12-month high after Wall Stree=
t giants double down on crypto plans</strong></p></div><p style=3D"margin: =
16px 0px 0px; line-height: 1.6; word-break: break-word;">Boosted by a wave =
of <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255=
878e9689713&_m=3Dd77c03659897457ea748645098dc4f0e&_e=3DXoe-VJN16cGjcn-cAXhz=
Iq7j3O4V_6YyDqf6UkJJfyK23Jn6-gUgNl5iea7f2QTk7vNWYMS_TvQPvEygryyaEJPg8ttF7br=
_nITOtlm5GZKhGn8zVmGLwH9Dl7c2t4St-_XM_dFRI4SEBAr-Ovt51wxzxWaVbFVRvGzbZzVXgZ=
S8pAv1DSIz7CWYtq1TwY4IRp4NMXcuUDf4upkxMWKvWAuah2uU0K1S9-VCW7Klgwa18w62L2os9=
sJan37MDf8g8y-CmHMwsRM657UzF7PH46skWXgw2EsuAoPLVcBgJ9H9LGgJJ7TAV_Mxph3bcZzQ=
3xW3xZwXIGn78kn_TTHbrRCtszI628kaaLgXS4_8EFVDbOAKzP0L6jqSuJXJd_5DWEN0_FF1pOe=
8tAGF-pAuTQ%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">positive c=
rypto news</a> =E2=80=94 with BlackRock, Fidelity, Charles Schwab, and othe=
r Wall Street giants announcing new initiatives in the space =E2=80=94 cryp=
to markets rallied this week. BTC hit a 12-month high north of $31,000 Frid=
ay as ether (ETH), bitcoin cash (BCH) and a wide range of other cryptocurre=
ncies also spiked. As of Tuesday, crypto=E2=80=99s <a href=3D"https://links=
.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd77c036598=
97457ea748645098dc4f0e&_e=3DXoe-VJN16cGjcn-cAXhzInQ_W6PvCgBFu_jNtPlWDc1qJgS=
TU7-yqf8O6vymHK6p4euN9k40k_qYtKIjq0QxQWpPlbI4YYX4iIjGaBf_19WIRzssVvZawSu_X3=
sng4f9lRF7PZd67Pl5umSsRLrFZTZ7DgSmTAYKM1gVAE0uV1PbYKeKRgL601mXnqaGtOYmfadr8=
70XIziixvcSUq2r_nREbnq7iR-AP1Tzpo7y6_cupglTRF2rPe5K761s0FsKa6ryu0GhRgSEger4=
4zFbdscnySYnkoMJFX2kA-nje41LpvmBeY61Z5NjLFz7J9yH9LogeyNBYRAuR_ggYC1Ryw%3D%3=
D" target=3D"_blank" rel=3D"noopener noreferrer">total market cap</a> was u=
p around $180 billion over the previous week. Let=E2=80=99s take a deeper l=
ook.&nbsp;</p><!--[if mso]><ul style=3D"line-height:1.6;mso-line-height-alt=
:26px;"><![endif]--><!--[if !mso]><!-- --><ul style=3D"margin: 10px 0px 0px=
; padding-left: 24px; line-height: 1.6;"><!--<![endif]--><li style=3D"margi=
n: 0px; padding: 6px 0px;"><strong>Wall Street has been making major crypto=
 </strong><a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637196741=
8192255878e9689713&_m=3Dd77c03659897457ea748645098dc4f0e&_e=3DXoe-VJN16cGjc=
n-cAXhzIiTfAlBKsdav3bfwJu-o4qHO2xe84LCBSMnj1mqZN8_6GeJDVhW5pxhbUhQpPIgwTcX7=
o1nHtwD8zxDv6nW_CnoPJT6es498kdLUvS87Mdh81YtuJwjwofI4VuTNGT8lkltjNBUj5FTlvkP=
hbl0rxLVS0cTPlQHVWsoH5GTkMLsFYyvv3Ton-7JBuKBFhR6UnVAOhdPggqi-HKG6wCNT5ui4Nt=
qyoPNh0EqF9xt05lWOlITiC0ewDubnt0TR0UQphlBV5mVG4v0ojpgsT9iulZnY_Ui7Dn8PKmsXd=
CK1ErOGhNX3InzM4PbYDWFdCH2oiLu3CuXfeQEY9YDRbnFCSV9XDkPMywhrIt098K2xxyRa0O0q=
519izGUfsT5fci7Lgg%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer"><st=
rong>news</strong></a>, despite ongoing U.S. <a href=3D"https://links.coinb=
ase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd77c03659897457e=
a748645098dc4f0e&_e=3DXoe-VJN16cGjcn-cAXhzIq7j3O4V_6YyDqf6UkJJfyJbWO77owRME=
r_KHNB8xVtG_poKyGBgeAtHeW20YfSPa1CLmUQVmSrXIVSzeNyo-4KahfU3kijxCMTUunLO8nbt=
G8foZzvU-1Vhrmfc4tl-b23k7LPXWq8plVNko8Kh96b8QskiUQPxxgcK8FSTKcq1DnEZd8cgcn0=
tAXEXlnZ2DrvM2295z0LjelTq8ylhiSd3uVcg9A32iY8qM5XEJBgLBYdLR6nLAmKM13p4QbOH8J=
_vQxwF8SvM5puUeWupOL9c6mGt0CVtA4J6VBoMvguGPhdwhKohLLJ-EAtvPNKw7NgsVzKY8FaeE=
uQfpyQ-124XFLmDPpZ_FRLbLKPddSl3aV9pswAucxYTJgGEGNitSD4eSntzj3soBWLgMfCfZMQ%=
3D" target=3D"_blank" rel=3D"noopener noreferrer">regulatory uncertainty</a=
>. Last Tuesday, Fidelity, Charles Schwab, and Citadel launched a new crypt=
o exchange for institutional investors called EDX. Only BTC, ETH, BCH, and =
litecoin are available to trade on the platform. Meanwhile, BlackRock, the =
world=E2=80=99s largest asset manager, applied for SEC approval for an <a h=
ref=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e968=
9713&_m=3Dd77c03659897457ea748645098dc4f0e&_e=3DXoe-VJN16cGjcn-cAXhzIq7j3O4=
V_6YyDqf6UkJJfyJ4YJ82WgqleoUw_BTcDisxwhmvddvbUPfhb-knRzTelKFUtBAv-OgD-n4Wrh=
2ZH9AqXAL-TBk0FTKrUHq3lKF5gyNOXdidxhcWfhRKtWawaq5tCWoTvfldOp49OKJjHwPFSRGMq=
02_T9kqvPjZ_lpYsBfgQTEapLJXIyu2D6HW4oVKqFhLdIpgB8kqKyW7OuVMCQeoUqmSs1PeyBLc=
PeFobWVPTLIdEj87z7c77qRA26FHHnrn-N62Cv-Dg7fHauzWOb4LWw7ajxgyntAQYhRff-KD5VG=
wPQanNnAVDg0fQ3KSPKjdE5AavrYqzxMDYG4%3D" target=3D"_blank" rel=3D"noopener =
noreferrer">exchange-traded fund</a> (ETF) that would buy BTC and sell shar=
es to investors via conventional brokerages. Firms including ARK Invest and=
 WisdomTree <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967=
418192255878e9689713&_m=3Dd77c03659897457ea748645098dc4f0e&_e=3DXoe-VJN16cG=
jcn-cAXhzIo8xLsG6zS3rVHCJbpXdsI4_ge9GNU_xqhTAp2LKa9TyX6IUU6AZPE68c4vD_4DSYv=
H6LhydVLqaYtB5M8VjQFLioMW5qQfZya-hzCxJZF7_fHmwRC4PnyrgXJt2AuR06HN4W9DoBWnXg=
kP-bD3oVh8yvctt9c-hI4wHtV9n_rlOsoEdjkIhNwn3M0XCaRRKL5LLyDbjFY4e9aFcwwgELyja=
DKG6hGcT1p4mTF7fB4g3EpC59a3AMV2Ltn8efqhR218j-MtaQsqPIjqQvE87UsriUUAD4oV7cSW=
AAlUWSkkvcRjARzS_RKvayvcVVUdUMpxppwcob_lZn9T9Oi_z21g3fEHmbADAExtZ4qeWwwoF" =
target=3D"_blank" rel=3D"noopener noreferrer">followed</a>, and Fidelity is=
 <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637196741819225587=
8e9689713&_m=3Dd77c03659897457ea748645098dc4f0e&_e=3DXoe-VJN16cGjcn-cAXhzIt=
7NeWcn5s_LDuDIyXDIp0wUzZ5_Dohd0r9uD-uaSdZ7WspCgpFnkfSR9TOEjtFwzurTUKGEkLCMV=
piNt2ThA8Z5dkyAIFa3OmbDKcBeXNL2hgAaJGHJogBWKuy8moavl_-DoaCp8f_ifyx5o4CnDrpq=
wvaycZ1Q5czX4OE293GFU1WjE2nwya6_AtYm3BME0WezpMSg9kPh2FWHyTdSA61UriDpZNb4xGD=
F3mPopcdc7C2hgNxtO3ZxbYWYRUDXDhG4WX66nOL6vep-r2QHrRSctG09tycsf7ihEXGUnSOsmC=
puNeALW0T1btIqT4urMde77ErVFthH3QN79e2by3YsAhw0gNl0FUsNo4v0yOXli--C76oA2S_-P=
tUOHdYOeZK0OhLjwSAsi0ZYUL41lSk%3D" target=3D"_blank" rel=3D"noopener norefe=
rrer">reportedly</a> preparing its own BTC ETF bid.&nbsp;</li><li style=3D"=
margin: 0px; padding: 6px 0px;"><strong>Following the launch of EDX, Bitcoi=
n Cash got the </strong><a href=3D"https://links.coinbase.com/u/click?_t=3D=
3aca56371967418192255878e9689713&_m=3Dd77c03659897457ea748645098dc4f0e&_e=
=3DXoe-VJN16cGjcn-cAXhzIohRzIILb5_Tw4SzNKI6WBKYsVohOY_dgZG0Aavf1zxqzYALm0wN=
u3aJUsJc1ybAQlKai26BxCnOFE8yqlepccipVS6N84mPbbDv8hgehOlpzlsjjy3LkHWjxZLpmKK=
2SFuUuCe7ywCU6CD4c9PL4nG3_F_TA-VME61s_ECFK4AtqHcrFxXvbwjzY33Ptaew6xTXoP6ucU=
KukiqaTxbq2OmeeelhfhjIDkOUGGgXzTMExjXv0YyKUP2vmLdsWQU9rOLOiPPNL7ZvfoXLhVKdt=
5YDACW9ObYQZ6uYqQ0YNeRIJsFv4kIGP_imHXNe-kb16mmy62fOYnaJKSfqrcv8D4SPcA125bRZ=
be0bPP8aR5Jsd2fAhsile3MMcoONjs1pF4Nqz3RlHJQH5N7VdPVe32egfTU2uiTlr1wHQJd5ywX=
s9WA4Dss54m3SLhpiKD6qKQ%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer=
"><strong>biggest boost</strong></a><strong>,&nbsp;with prices up nearly 80=
% four days later.</strong> According to crypto market research firm <a hre=
f=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e96897=
13&_m=3Dd77c03659897457ea748645098dc4f0e&_e=3DXoe-VJN16cGjcn-cAXhzImYO0XnaW=
_alC69jbe_wuzEs9ZH8CPmjjI-l5SnKjZNFHQJmudWr_YyCUpNF-rHOFB443sYir9rya5VAl2fa=
BGlVflLjV2O0fKjN58O9lM2mEJ1UG0DEcrfVG3H7SgtgBcprKJ-XC_nWig__-rjpnvTDobhbeTY=
tGiANLdf8M8_Q4_MHtOihp-ArqLuSPoPxAk-6T4q28fx60U69J8ym5Scr4UwQgXKmjBaGzZgAyD=
eaJYzd4om70MAZRZ1UiGwW_-iYGiWmGG9usDPf_8_G4aQHBkovVpkWkUs6Bxtt8O5ERlfml2mas=
RynhHCfJJ1jjzBr63IOuwPbaVH4ySeuPUt6yZOUFr11IxfsoA-yqWxZ" target=3D"_blank" =
rel=3D"noopener noreferrer">Santiment</a>, =E2=80=9CThe sudden price move h=
as attracted retail trader attention, with social discussions about the tok=
en rising to their highest in three years and trading volumes this year hit=
ting a record.=E2=80=9D</li><li style=3D"margin: 0px; padding: 6px 0px;"><s=
trong>As of Monday, around $200 million had flowed into crypto-related inve=
stment products during the previous seven days, </strong>making up for half=
 of the preceding nine straight weeks of outflows,&nbsp;<a href=3D"https://=
links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd77c0=
3659897457ea748645098dc4f0e&_e=3DXoe-VJN16cGjcn-cAXhzIohRzIILb5_Tw4SzNKI6WB=
KYsVohOY_dgZG0Aavf1zxqGokFAdBWYsFYVZfGXTnbwkc36ZoFlHbD3aydd4wFdCOSEOfkbThVf=
P3chAwpsvvn-k9Emg977yyEvTF4noZd_bkq4o4PsAEnm9kKGS9bll40d9SH2TdzaFB7tYb7qGg7=
vgNMsHj0Jfd76e9tBtylO8xQHeu8gf5cu0XlB_i7bd1OVfzC5Qhgqn4p2HpHG8zQuXJODUjGMqY=
EsxMVQNR88daOqI9RjMjGWj5lGKT7J3l3bcIUnGVUesJdvxC4c2npv-9FD8RxcxJlPXryooNkDR=
22soWqRGQN-tKqbLRa94v-_KSFMoRXwIcqi4QP10e7eZJU3yjufKWu7LsEjOjjHUnr-cd_lWP5T=
9OF2dFXloYcO6wRpJqf68crpoOzfwiaBo2qodKiqWKkZbsUjiFz0Q%3D%3D" target=3D"_bla=
nk" rel=3D"noopener noreferrer">according to a report</a> from European dig=
ital asset manager CoinShares. =E2=80=9CWe believe this renewed positive se=
ntiment is due to recent announcements from high profile [fund] issuers tha=
t have filed for physically backed ETFs with the U.S. Securities &amp; Exch=
ange Commission,=E2=80=9D the report said.&nbsp;&nbsp;</li><li style=3D"mar=
gin: 0px; padding: 6px 0px;"><strong>Even though BTC prices are up, the ove=
rall number of trades remains relatively low</strong>, possibly indicating =
that the biggest cryptocurrency by market cap=E2=80=99s current rally is dr=
iven more by big-money institutional investors than by everyday retail trad=
ers. <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563719674181922=
55878e9689713&_m=3Dd77c03659897457ea748645098dc4f0e&_e=3DXoe-VJN16cGjcn-cAX=
hzIrHqn2FbMPufB_QbLmTTDClIc0XT91iKwahpE4DJSCt2HD4M-Za9IrBMR0AmuqDLCCwa9S_cm=
Lgfug4Bre2AZxoP3t3I4m2Z7wf60ELTzdNJcJhTc4alHqpZI3UbVjhl0_4UHNQdIG2putoUAuHH=
o7wPtRwAkgWkmX6XF3Uk_yJARK1ZHpSTSCJSCLuyqGUzLFAgKo3ZxrngxM_sJ4pfDlk2N8IFWM9=
YvtX1SlcZIZXb1Kw_OIay90FF3d385O3JDYhJqAjodBNRsiQlxXWDhEMU9MZ6zVjzzxcpk7K9YU=
brYccK4z2MEkAXO8JRoCBpGCly7N7-HHOckzj4VmgVXjivKVdCo1hlovQfR4BQvykE4ozbC_tpT=
H-mCofiZMdbG8OwEOjRHNjuvEFIbKHSNGg%3D" target=3D"_blank" rel=3D"noopener no=
referrer">Per CNBC</a>: =E2=80=9CBig funds and crypto-focused hedge funds a=
re among the market participants driving the action.=E2=80=9D&nbsp;</li></u=
l><p style=3D"margin: 0px; padding: 0px;"></p><p style=3D"margin: 16px 0px =
0px; line-height: 1.6; word-break: break-word;"><strong>Why it matters=E2=
=80=A6</strong> All markets can be impacted by public sentiment, and for cr=
ypto, the recent narrative has been clouded by uncertainty arising from the=
 actions of U.S. regulators. But now, as some of the biggest finance firms =
in the world make major new investments, the narrative may be shifting. Spe=
aking last week at the Coinbase <a href=3D"https://links.coinbase.com/a/cli=
ck?_t=3D3aca56371967418192255878e9689713&_m=3Dd77c03659897457ea748645098dc4=
f0e&_e=3DXoe-VJN16cGjcn-cAXhzIq7j3O4V_6YyDqf6UkJJfyIj5wl4IQUiQnGPf1fdsRleCi=
1q1Lgdy_aURa0q_KrlaJtDcQJ83hThYWoljT86RbED5krpQ70Y2AjKXsPzWnzZ2ja3TUgJL277t=
PMB5wQUGalo2kabWBdDgTkxgoNOfsWL1iRrZoDa9x7n4jrsZ_6uJF0cKb0_H1R9Kb6jZ6jMVDvQ=
q9IywdyQCTbq1p0okhUc4bK-yLFhIYCb1tXXnpYkMHmsROXby2-KkzyZV4HhkyGocVeo3_Ybi0w=
rwc0RrewA77VP9J2z4he1O5XcASDnssiTQ2hbCMrMezeLD6wVB8v3YTGlU8SqKl3a_a-gcoEkjT=
HbWwusfvGPMenfVREN" target=3D"_blank" rel=3D"noopener noreferrer">State of =
Crypto Summit</a> (co-hosted by the Financial Times), BlackRock=E2=80=99s h=
ead of strategic partnerships Joseph Chalom <a href=3D"https://links.coinba=
se.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd77c03659897457ea=
748645098dc4f0e&_e=3DXoe-VJN16cGjcn-cAXhzIutCjkZxhcbZiiPBoDjpd1M8erBb5XqIs8=
2IQyeuTRbwz0nCmtWp7GMGsXH1Ga60vB49CcMsiFVsWUnPXXKoHNytHtbcK0FlJAhM8NQ6MwpaA=
T7fFz25Xvk7lILDr_itENA_uZaU6OBrV_dKq5UM4UXPBFu_pAZkpcCEnr2NqdxFp6U8l8QWpjr1=
TTAJ1VPSF9Z90jJibZPJR5P4_leOHnFHdE82KL1mP3e72XvKxzE4OwrKw998OcCq7rBvubDjW6n=
Lq66oGVWHaNTZDUsn0f1pM81is8QlMevCo6eFr1VyfLOUx_DROUL2sRBAuhoWHGwDIfKsptn51S=
a2ISgXB2evkGG6IXcGxrXhShZvVTXnDNQ9SrgypCkoD-QzrthOf8LiTjJmkw79krxpt8UYNTD_E=
dgHjSFYXkfO8lor47e6wnzxpzcoiIP4HfXDa0OIM-hqceIlCBOoRGXhFbMZJavJA_cjmLGMb_6i=
5MZXqcZkcNbXf3PWDngz-0WTHCwERBN2ArwfTBBd0C1ePqK8UftuIMGVNkg7z7Xxpfk_ayHNesC=
qwAiSGefuFov4wGH6dSLZc6_laL05ZfAz-nW_SB4bY_14qZM9py2UitIpgNI4aK1HOcvIQHMWfd=
tQxF0d0LPNaE5-9yzs65_Ao0a_fx1tckzE_Glbsk0hogRadIU_0iaY5VIyRLsC32JLdal9TA%3D=
%3D" target=3D"_blank" rel=3D"noopener noreferrer">said</a>, =E2=80=9CI thi=
nk there's an element of, =E2=80=98We need institutional custodians to step=
 in and play roles and participate in digital token economies.=E2=80=99=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%" cellpadding=3D"0" ce=
llspacing=3D"0" border=3D"0" style=3D"border-spacing:0;border-collapse:coll=
apse;mso-table-lspace:0pt;mso-table-rspace:0pt;"><tr><td style=3D"padding:0=
;" align=3D"left"> <v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:vml" x=
mlns:w=3D"urn:schemas-microsoft-com:office:word" ses:no-track href=3D"https=
://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd7=
7c03659897457ea748645098dc4f0e&_e=3DXoe-VJN16cGjcn-cAXhzIq7j3O4V_6YyDqf6UkJ=
JfyIVo3lPjB9QW6-F-Q_biBdWQf9mGnzc0r8mWtoU59CzhL4dDUXVfmFw7CV4Pdweo8df8PV8h-=
51DIAOYGcE3xdvn4DDuBJN5G-QIqAIzV8MAITZVWITafwamopS0WQWYru8sHhTuJ_BhyqZgDBaM=
6d_WUdFhW3g30eyr4v6Xt_seMZnlSWmj4tAIAsSvnEMNobBGAsq86yUBzskXQowLVu7lrfqrjQQ=
Jm4FEoqSDn1_5w6y95AyXeF4mzzf1XPelHfnKT6cowyoRpVoJ78e2O29sL7JiVd94s5EBhJtT16=
xQj0jTJSgcW5RSUDvUT0la2I%3D" style=3D"width:350pt;v-text-anchor:middle;" ar=
csize=3D"17%" stroke=3D"false" fillcolor=3D"#0052ff"> <w:anchorlock/><v:tex=
tbox inset=3D"0,0,0,0"><center style=3D"font-family: Helvetica Neue, Helvet=
ica, Arial, sans-serif;"><![endif]--><a href=3D"https://links.coinbase.com/=
a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd77c03659897457ea7486450=
98dc4f0e&_e=3DXoe-VJN16cGjcn-cAXhzIq7j3O4V_6YyDqf6UkJJfyIVo3lPjB9QW6-F-Q_bi=
BdWQf9mGnzc0r8mWtoU59CzhL4dDUXVfmFw7CV4Pdweo8df8PV8h-51DIAOYGcE3xdvn4DDuBJN=
5G-QIqAIzV8MAITZVWITafwamopS0WQWYru8sHhTuJ_BhyqZgDBaM6d_lIkZaYmsfOEigGIAEt3=
xS5pJ2wUUyIV6zv-047o4BjUT_AJ4p5ArWhbbsoOY-pwicGrziayNs23p8eEe3cEYEeCLXlQX5K=
Cjv2fQWi7lnf2v6mvZHENPULkWqFchj7ETwFffV5awXD6ad-g3xfRYshxdNUpxwcIAtglsdproX=
os%3D" target=3D"_blank" rel=3D"noopener noreferrer" style=3D"display: bloc=
k; margin: 0px; line-height: 1.2; font-size: 16px; text-decoration: none; c=
olor: rgb(255, 255, 255); background-color: rgb(0, 82, 255); border-radius:=
 30px; text-align: center; padding: 18px 0px;"><strong>Read institutional i=
nsights</strong></a><!--[if mso]></center></v:textbox></v:roundrect></td></=
tr></table><![endif]--></div><a href=3D"https://links.coinbase.com/a/click?=
_t=3D3aca56371967418192255878e9689713&_m=3Dd77c03659897457ea748645098dc4f0e=
&_e=3DXoe-VJN16cGjcn-cAXhzIq7j3O4V_6YyDqf6UkJJfyL1q38PBKE60Y2zXnAbvcyvihACQ=
R52RsskhYvUnSjuyfIl4rv-CKQ8c2UYtnHl6QS5UndwkTFdPjIh3YLJ_6_HSnNSg9pUpjqRICMu=
98eQAKNlOm4t6tPDjq1XtrQ213y_IceAzDWdl6MWTkiJL0lTSwbdtLyKqa4Yfo2ANPYmswR8qI3=
sCwqGj2eFEshcu6SIv-4CCpHNW2g-JYJcIUazG3Magmunt5fU0Hn9mfzHxFd_6pb7w-DZUN5mNC=
3BvkEAtZ1qJykfq3RIECzfSw8vYulxdrqRqXr4-8-W_aRIkA%3D%3D" target=3D"_blank" r=
el=3D"noopener noreferrer"><!--[if !mso]><!-- --><div class=3D"desktop_hide=
" style=3D"display: none; max-height: 0px; overflow: hidden;"><img src=3D"h=
ttps://images.ctfassets.net/q5ulk4bp65r7/4SMgNFv6uD1SBBmXQ4ubhW/9a5651782a0=
eb04408f478a8a5645089/coinbase_getpaidtolearn_bytes_650x488px.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/q5ulk4bp65r7/4TOHHt4CjhC3DiUK3UdmYs/e216c453cd8f2522b5e633c3d2f4722d/co=
inbase_getpaidtolearn_bytes_1060x408px.jpg" width=3D"100%" style=3D"display=
: block; width: 100%; margin: 64px 0px;"></div></a><div><table style=3D"mar=
gin: 0px; padding: 0px;"><tbody><tr><td style=3D"margin: 0px; padding-right=
: 11px; vertical-align: middle;"><img src=3D"https://d15k2d11r6t6rl.cloudfr=
ont.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5=
6371967418192255878e9689713/dot-1.5x.png" width=3D"12" height=3D"12" style=
=3D"display: block; width: 12px; height: 12px;"></td><td style=3D"margin: 0=
px; padding: 0px; vertical-align: middle;"><p style=3D"margin: 0px; font-si=
ze: 16px; letter-spacing: 0.075em;"><strong> WORLD WIDE WEB3 </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>Brazil, Japan, and the =
countries making crypto moves</strong></p></div><p style=3D"margin: 16px 0p=
x 0px; line-height: 1.6; word-break: break-word;">With crypto markets wakin=
g up, there has also been a steady drumbeat of news around governments, cen=
tral banks, and commercial banks driving crypto adoption. Countries includi=
ng Brazil, Singapore, and Japan have made major announcements about <a href=
=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e968971=
3&_m=3Dd77c03659897457ea748645098dc4f0e&_e=3DXoe-VJN16cGjcn-cAXhzIgzEGCti5o=
_nlIXehwX82K6cjbWkf_esDf87acBygpve8yN_55NTPF0_TNvTclFrF0n0IrzMqLEQGq5A8l0fg=
LgMXL67giH7BbEMMNIT-tlvTmNWVIR9k-LjEU49NnBfOWtRCD8cGIFhrJ5djwrpHKBxgDdXE6SP=
qkw9RSta3qHFUEaypPYR-6IfWyLw1RAaEJk78YFLss_9-fbGDcjBCYA2lgGOGJhOZtTrugbG3hN=
asp0wRJaOrMZmz3IbBbLdm2tnGRzNkvZ6TtcJ-VfE4BrKE7kWPPagM9bvTvLvyl8BkYTur9hVzg=
XRCZzAxNP-BzoiE7D6FCv5H-d0byQtMp9Lpm6VDeGaEv7q_hh-p0Oa" target=3D"_blank" r=
el=3D"noopener noreferrer">central bank digital currencies</a> (CBDCs), tok=
enized assets, and regulatory developments =E2=80=94 highlighting what the =
next wave of crypto use cases could look like around the world. Here=E2=80=
=99s what you need to know.</p><p style=3D"margin: 16px 0px 0px; line-heigh=
t: 1.6; word-break: break-word;"><strong>Brazil is using its leading crypto=
 exchange to help launch its CBDC.&nbsp;</strong></p><p style=3D"margin: 16=
px 0px 0px; line-height: 1.6; word-break: break-word;">For decades, the glo=
bal finance system has been a mind-bogglingly complex mishmash of physical =
money, digital systems, and a variety of often outdated back-end =E2=80=9Cr=
ails=E2=80=9D for moving capital around the world. Seeking to simplify thin=
gs, central banks in <a href=3D"https://links.coinbase.com/u/click?_t=3D3ac=
a56371967418192255878e9689713&_m=3Dd77c03659897457ea748645098dc4f0e&_e=3DXo=
e-VJN16cGjcn-cAXhzIo7J4gBHeCSRf7OLUO27JRaamMeUDwRX4xrq-nlRWhAxdlMD-Dh6mIhQ-=
G8IbsrvyNQuU_CXtvqcSUPDp-U07nM9F3jay0Fkt6bjC8arBlOzaGG1Id6iQdHaONLMNJW-vqse=
fmD_aF-LyUij9KFzrVJNlv-RbGPezqjDBmXIrpoKhAZ2s0Ork0Xfqb6flvdbjP9WSNDpDp3Dqnq=
8YHXfIV2liXtd9UntwRhYpLa68ZdT7Y-tT1ekyx96iyBhHbcZrzsT4oAlRUlAp6QoV_fSDxn72r=
KhHH_Ll-T4aAstf-pQXB8p-N6EEWJottqQxrVIWCcL1r2svC4ROJ7LZXNPvw4%3D" target=3D=
"_blank" rel=3D"noopener noreferrer">dozens of countries</a> are working on=
 CBDCs, digital versions of their currencies that exist only as code. (The =
Bahamas and Nigeria are among the countries that have already successfully =
launched CBDCs.)&nbsp;</p><p style=3D"margin: 16px 0px 0px; line-height: 1.=
6; word-break: break-word;">Of course, cryptocurrencies like bitcoin solve =
a lot of these problems, which might be why Brazil <a href=3D"https://links=
.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd77c036598=
97457ea748645098dc4f0e&_e=3DXoe-VJN16cGjcn-cAXhzIohRzIILb5_Tw4SzNKI6WBL4eGi=
5GR_kjmXmHMpZEVblMNCsfrC1N64xl7NR-FDxzC7-9Qdn35GDAX9h5V5K5MD76B8HOwRL3rNTQ0=
S0BkqBzi5HpX6FPWjBlMFJPWIn7jVJZeZ0Y-OeFoL3UP_os3hm7B2va7bBgpe_HjwfIg6uVzbGT=
MFEi7FSCq3s5K76zuuYE1dt6OpULhkaOZ0UyHBReM_8BZ7AV23CVv3VJw93paJSi2_bcnXIldWB=
mfAbms_WCu06Soe8CM4Pj1BRFRxgCX62lRDVtNPUMfWIkY5l-FyqF-1oyS9CJsJgEK8N7-j2kVa=
IOZMnrjCRMgMedUSmF8xPjB6rpbBuMnuh5IfOMqdOcrpQLvL1NEddsWwN5z_M-tmmBOtWdKZ1In=
yB2LKKos5lrRsB0P1IIafIWEFGmnh0qanVv2-vOFDMq4y4bA%3D%3D" target=3D"_blank" r=
el=3D"noopener noreferrer">has tapped Mercado Bitcoin</a>, the country=E2=
=80=99s largest crypto exchange, as a launch partner for the country=E2=80=
=99s CBDC. In Brazil, officials are hopeful that a digital <a href=3D"https=
://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd7=
7c03659897457ea748645098dc4f0e&_e=3DXoe-VJN16cGjcn-cAXhzIgzEGCti5o_nlIXehwX=
82K7WC8SFrzXxTah3iVcvaLQRb50qcJAiy2x0bY9YaZ0RM7_tIyDqhYcVL6ceHFB4Paw6aYjocI=
AungYoFqr1lR-QZxXWFfrWzmmy50e0Mjk3zU9wbKX_zw2ubfO472gGdLypLDSXNuNh9Oo8Hefty=
fEOFGXOM4s9gxKrpB-_9C8TbYUzSW4YZ6S5pAxi2wHynXQiSBQ3OwGe-giYgp9ra5E5ZTZfEYgY=
Mzm5KxF7xlTWrIdYFRpCe_gcW9I98ezVnscBAWQ7cRYuf8yn5W7THPOeNM_aISOJ0gaKyYe6Sj5=
RLMmsfaEhSzNicX9dvn1YDlG552YjKgAZGE4Xkxyat_yg" target=3D"_blank" rel=3D"noo=
pener noreferrer">real</a> can help expand financial services to the countr=
y=E2=80=99s 30 million-plus unbanked residents. Most CBDC experiments don=
=E2=80=99t explicitly rely on blockchain technology, but Brazil=E2=80=99s c=
entral bank <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967=
418192255878e9689713&_m=3Dd77c03659897457ea748645098dc4f0e&_e=3DXoe-VJN16cG=
jcn-cAXhzIsRgNm7HbaKwfwhnRt73ZhfUAlrkxsqURMXCFs2Pw_Ho9mlrr177Ktpx_uGPFDf_x8=
iuUYZkA1Y6cJas8tYYYU_IsVYh92f4ONOqqoycuDPkPQmoIZaC_JwYQvYFsgnnJHa7x6MQ2a_PT=
QNEOsrdLOEP2j2kgh20yq0A5zUg3V3qlgVUXZ8RffoxuxaZtR9NPzU6i1g_6pOquBajcTsakuvZ=
XctaHx7VfR0bDdOh9_KheZCk08t8loaxNGuzUAAYCarAir36vkcs_XD8bWhobLQuUCDtRnU-iyz=
nvPF62AruoxW9gXoZXu_ESTg6yexVMNG2lETpuMg3r8rGTNX7HTWnmTrT8RUZvePcpn316Jbz3O=
bLFR76eQocPuGkFaq27NbCvBV4_3d5Yz-99F5kyjA%3D" target=3D"_blank" rel=3D"noop=
ener noreferrer">has indicated</a> the digital real could also be compatibl=
e with smart contracts and DeFi use cases.</p><p style=3D"margin: 16px 0px =
0px; line-height: 1.6; word-break: break-word;"><strong>Singapore, HSBC, an=
d JP Morgan are collaborating on use cases for tokenized assets. </strong><=
/p><p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break-wo=
rd;">Singapore is <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56=
371967418192255878e9689713&_m=3Dd77c03659897457ea748645098dc4f0e&_e=3DXoe-V=
JN16cGjcn-cAXhzIrACURukFbi_D2OBY5kxS7qobWA9BUKahLFHbHvLHhrd0I1O0RzecwYZ85PF=
r0fJ4MKCMLAY2bsIHazRHyRkS_TIQx_-1khbJTdLNgru2cnVI9RZnLjoww1FENYUaV-EeGJfRDC=
TTr9VFfKBmdAkTvekDKLLDegqoNre6a7mx6Qcf9tONglkumBSdlaM9-DKS3Nj2C8wjmeV46dfko=
42EuvbtIILtDhA7X-Fi0WVz00-n6eKwb-fjNILUhb54749ZmcfDR7hNJartx4zQY8ueYibYhbyt=
eJhEE_i-Zq13NYGx8pt_op__5mgi7GihQH-3akyEXtLI3HylfMBbLSkJOUO2PiBodA89CFdr8n1=
RU6h_o0qHVebcYjbliTmN2e-38OQi7FmkBGVxSuJHlp46OY%3D" target=3D"_blank" rel=
=3D"noopener noreferrer">working with a consortium</a> including the Bank f=
or International Settlements, JP Morgan, Citi, and other finance giants to =
explore the =E2=80=9Ctokenization=E2=80=9D of various financial assets, acc=
ording to a new <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637=
1967418192255878e9689713&_m=3Dd77c03659897457ea748645098dc4f0e&_e=3DXoe-VJN=
16cGjcn-cAXhzIohRzIILb5_Tw4SzNKI6WBL4eGi5GR_kjmXmHMpZEVblCq9likDMKvO4RYZuQx=
2HUmcczzZ_9Iu0YwCmuFP11YnlH71iX5x5UL0RyTWoobt_eM4soVhWX4JkZr04Lacpw1hNQNxdZ=
b2UDz1bfjJVcbNEVU6q2mnXiyKcOhSjC9fr9DtMa-8XRT-7a-hfR9I0w1j9jb-kfympV5-DLREp=
q5ixcxDyYTvEq-5e9bW9ZaAZwU77UFUOsWDymJ7834mfvhgve8GYfJBAIIq6l15xo2q0PwZrN4I=
XJ8rCqDdPPLWLiXKrFGSv5xlbBdWS-jo2ClGopxSMmdL5wIQUg6xIwwmj5LhcQe7givVQojNM7y=
ZTrK-zvyqlEMgigik6604WHYGO7d4seDkVnmn_EBWFhyeB1Ovb8IxiJxEWG1mVMHu-dQaPdg1Ey=
z4oJffhcxGjDw%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">study</a=
> from the Monetary Authority of Singapore.&nbsp;</p><p style=3D"margin: 16=
px 0px 0px; line-height: 1.6; word-break: break-word;">JP Morgan, for examp=
le, is part of a pilot that is exploring the creation of more global liquid=
ity pools for government bonds, and has already successfully tested cross-c=
urrency transactions using tokenized Japanese Yen and Singapore dollars. Mu=
ltinational bank Standard Chartered is experimenting with tokenized securit=
ies that trade on Singapore=E2=80=99s stock exchange. And HSBC has piloted =
tokenized debt products, and concluded that they cut down on costs and sett=
lement times.</p><p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-b=
reak: break-word;"><strong>Japan eased crypto tax rules for startups.</stro=
ng></p><p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: brea=
k-word;">In a move that should make Japan more attractive for web3 business=
es, the nation=E2=80=99s tax authority has <a href=3D"https://links.coinbas=
e.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd77c03659897457ea7=
48645098dc4f0e&_e=3DXoe-VJN16cGjcn-cAXhzIsByMmvwmULz-HGXTS75DNopBTiuvTwD0zj=
vVsWJeNAqukanMMk6-LKXs2301_8lAdrdv7-NWyFIb-4_qOpNu2XUAM26N4ZUSwNWwwxaKG8tRs=
rN4J4uSJnBlWfK3qiI_b4FcCf92ccvKVOMex8T1Sg9gR-MOuo-k8j54oLk6DxdE0F01-Lz8NPsd=
8NTprEpnYPmu0eiIQ8uZM9G88nDGIZte3l0NjOLqbeeHT37KZ8308WtDBUDPJmAGNPLZCz3gFQv=
yr_cMRv9FSAPJoRH8ZB-MlptqtwB-OsuoY5hwV8x73InnKkiSXv-blhGsVV1Cjl0_WZHy6PP01b=
QIl0V4PQ7_icCbCazJmgVLj-BBOqFWVbVzJDKYLxq4_MRQahqNw%3D%3D" target=3D"_blank=
" rel=3D"noopener noreferrer">reversed its decision</a> to implement a 30% =
tax on unrealized gains for cryptocurrency held by companies.&nbsp;</p><p s=
tyle=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;">Wh=
ile Japan is among the global leaders in crypto regulations, having adopted=
 a <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255=
878e9689713&_m=3Dd77c03659897457ea748645098dc4f0e&_e=3DXoe-VJN16cGjcn-cAXhz=
Iop0a4qs84Q1yOJnAhPkdAh6kidvaGOImL7mYKjz_WhxshJuKgCk-q9KGvLDuxkNMpQuMNT61wC=
vpknk3CfplrQd2y6eq9gf-YBgT6Wd3Tkhqf54FuQ47oYBLS1fIecwsrA75cCn6gM--R9HdT7LDA=
A5SiMkC-xeVeSEOA68G7GyUgSpZ4GW3OMq_SPs2Sdl6hOaFwns63AGd8jv2QAOsqRE7Z18sQOYP=
wcWD5JSbgAh92kT9QHpVknEMPa7ofejc-FbebInbszdqajc2vOO82ErNRfSO9QO1lpeUkyWCpau=
VXQ1fJOdK3ELDWnR_Xd6HbcaiiZeOXX9AVP-XqZPCSSak4pQWt-VBq29Jjti1jK5JP2Upl47eAi=
ucOpipYvPsFbPUgS-8b8Ke6VxEHwGW6s%3D" target=3D"_blank" rel=3D"noopener nore=
ferrer">legal framework for stablecoins</a>, the previous tax rule was crit=
icized for being particularly burdensome on crypto startups. =E2=80=9CFor t=
he time being, people who want to do [a web3 business], can now do it witho=
ut leaving the country,=E2=80=9D noted Japanese crypto entrepreneur Sota Wa=
tanabe, who moved his firm Stake Technologies to Singapore in 2020.&nbsp;&n=
bsp;</p><p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: bre=
ak-word;"><strong>The bottom line=E2=80=A6&nbsp;</strong></p><p style=3D"ma=
rgin: 16px 0px 0px; line-height: 1.6; word-break: break-word;">While the U.=
S. stalls on comprehensive crypto policy, the rest of the world is moving f=
orward =E2=80=94 or as a recent Japan Times headline put it, the lack of U.=
S. action is a =E2=80=9C<a href=3D"https://links.coinbase.com/u/click?_t=3D=
3aca56371967418192255878e9689713&_m=3Dd77c03659897457ea748645098dc4f0e&_e=
=3DXoe-VJN16cGjcn-cAXhzIvGLRGXSCCNK5YptrIrGz8AHmHIX1tHMxxkSRyrv8hN3a13UJ3yI=
I3lqHVLSoRQNCWsFjRBBJC4nMwgYuZ5UVR1x7OxNut6wHp3oVRjiOrWImYzjIk_HCKAe7qYuH2D=
GacsRqxJXwvqF9DqywmfDHgp2t0OqZBtDawk4pdrbgwB83vZ31ZJotx4jZDS0mL6hhkjAKPTdCO=
rpmqlXj4QntzQBIMB4EpTtoyW72x8XyMDOL9cuGP7DT6ygdcq7QVjRiCEZwgiZC4ifUcrH0f3xh=
KdzdFiLrps1PlWx-3tvDvUzYFqduqansEvMJ9Yt0vaWIx7pLigOjYIdqbzpakpwUOP8O3JOEmf5=
2e6hJ_EQxFrT" target=3D"_blank" rel=3D"noopener noreferrer">boon for Japan<=
/a>.=E2=80=9D In regions like the U.K. (where a16z is opening a new crypto =
hub) and the European Union (which passed comprehensive <a href=3D"https://=
links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd77c0=
3659897457ea748645098dc4f0e&_e=3DXoe-VJN16cGjcn-cAXhzIq7j3O4V_6YyDqf6UkJJfy=
I6JJerAWzTCJDAPeMrkn2PLsw_AqOEJMv-Jf9ZoRXZxVWPIm0AWbao2UjsO51-ARRsVHtEUP5Nw=
qHwL1j_BdLFjVDWO_jkUOiTtP3dqp100e8cVs26JuKxgyZygb-2UB5V1l2twiWXXFrlSLF0uhGF=
ajykraGawkC6JOEQCRI_chxZ2zCsfxuysZdOwKEcQBAUnFN8yxDDo7SpHluN6es6GIrzSwlrd5T=
qpM7AYjMUlrn-WYd2F1_jsXEYqavCkLb-Q08E7lVV-1_7m3_HolRxOGL5g85Njrh8ZVpbpYCCkC=
9uXmqoHAxmd87kWgVZyCJaJmZ5BqH-rU2YLzBgGgvJ" target=3D"_blank" rel=3D"noopen=
er noreferrer">crypto rules</a> in April), governments are laying the groun=
dwork for the industry=E2=80=99s next phase. And in a surprise reversal, ev=
en the International Monetary Fund, which has long been skeptical of crypto=
currencies, has softened its opposition: Three senior economists recently <=
a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e=
9689713&_m=3Dd77c03659897457ea748645098dc4f0e&_e=3DXoe-VJN16cGjcn-cAXhzIhPD=
Qd8vK6auiiYn71kHkdoJGpschJgOkLQk-EtERBxh2jTmP7UzaMSqhrC-hkxc5BpUs76Dv3-71u8=
0Jy3icOYAA9yRuwkmkYewYzFPCoCBgTN-z6FcsaM_GobnNOu9BExkUb_zqbdqUPU_ls6l2XhoXx=
8pM6G7518Ji02z7l53jFXZnXKYh1lO5mIbIv-TJ1cOtYopg_aJe73wrzmTCssISWplh851ZCcJm=
43HMBFhUqBsXuBxSNxdR4LWt2e5Dem17rJruyi4UMXvLo5pwSXK8GxAi1iWRxvpqqBbwu7BKcH6=
8Vj0pZB3zffUy2nuGp86kMQNeZ7OBSMLPFS5mur9zHDEM1-DXkBuNECcweXrDuycipnKgLwhpAM=
uriQzBcZFc0VNTuYhMeuf7TN5ZLabRcfCYLrGmdDK5PFLsBetHL5sstwAl-Bn0BJEk1j1cPxYTO=
Y90HLLyoP2skzmmGr6XjVRheWKNXQUzUviJndTMfIPyutxVjBfyIJ8NA3_fg%3D%3D" target=
=3D"_blank" rel=3D"noopener noreferrer">warned governments</a> that crackdo=
wns on crypto =E2=80=9Cmay not be effective in the long run.=E2=80=9D&nbsp;=
&nbsp;</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" cel=
lspacing=3D"0" border=3D"0" style=3D"border-spacing:0;border-collapse:colla=
pse;mso-table-lspace:0pt;mso-table-rspace:0pt;"><tr><td style=3D"padding:0;=
" align=3D"left"> <v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:vml" xm=
lns:w=3D"urn:schemas-microsoft-com:office:word" ses:no-track href=3D"https:=
//links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd77=
c03659897457ea748645098dc4f0e&_e=3DXoe-VJN16cGjcn-cAXhzIq7j3O4V_6YyDqf6UkJJ=
fyKKnCMby-LBE0or9rA6VVoms90pO9J8Swfcx9IXgF4VcMomgBOKu9JssJU4PGEtegK-WxcV6RF=
Op1tDjkqcrt4JjwNBt1vwiSEgIgp2fQkWOIZz6UPPcjdcZeUZldG1mw9VgZx7VkN81fdp9xYiZ0=
ipu4hFd9aBWybuv-Vzl6gKTLPk2w5-IqbTxVU6yM45Meh3zSVwGuOd8QNrGVzNzzlSsxSvdzBBQ=
dOBf5iblLunQYeklwg9I0rN88vxsRu3EewCe-Rk1QB0--UZ1k4v-kEAKiE8trZdam_OJ3wtIhSK=
Ew5bUVMLyzVvnXzXi1vxJ8gpGs9-BKNaVOUA0_VAu6P3pPo7sotkAAVC4s7fhFNNrg%3D%3D" s=
tyle=3D"width:350pt;v-text-anchor:middle;" arcsize=3D"17%" stroke=3D"false"=
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 style=3D"font-family: Helvetica Neue, Helvetica, Arial, sans-serif;"><![en=
dif]--><a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196741819=
2255878e9689713&_m=3Dd77c03659897457ea748645098dc4f0e&_e=3DXoe-VJN16cGjcn-c=
AXhzIq7j3O4V_6YyDqf6UkJJfyKKnCMby-LBE0or9rA6VVoms90pO9J8Swfcx9IXgF4VcMomgBO=
Ku9JssJU4PGEtegK-WxcV6RFOp1tDjkqcrt4JjwNBt1vwiSEgIgp2fQkWOIZz6UPPcjdcZeUZld=
G1mw9VgZx7VkN81fdp9xYiZ0ipu4hFd9aBWybuv-Vzl6gKTLPk2w5-IqbTxVU6yM45MejJMD_z1=
FjE_BWE4r9oTM15D71y0uZZm6XpGaZpZzcIZUyfSZI9cZj9dgZzrGcHa-Mx5iBWVEdC5W9QjT0r=
hYXKqxG4Btd9zRgh4pKdHZX5xjM7DPuQ3RV3lJD4CdW6OeQq1BPHQKvlvJ-rhqtaZmdI3zCmLEg=
MbEBHeRwwLxly9w%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer" style=
=3D"display: block; margin: 0px; line-height: 1.2; font-size: 16px; text-de=
coration: none; color: rgb(255, 255, 255); background-color: rgb(0, 82, 255=
); border-radius: 30px; text-align: center; padding: 18px 0px;"><strong>Rea=
d up on crypto in the U.K.</strong></a><!--[if mso]></center></v:textbox></=
v:roundrect></td></tr></table><![endif]--></div><table width=3D"100%" role=
=3D"presentation" style=3D"table-layout: fixed; vertical-align: top; border=
-spacing: 0px; border-collapse: collapse; min-width: 100%; text-size-adjust=
: 100%;"><tbody><tr style=3D"vertical-align: top;"><td valign=3D"top" style=
=3D"word-break: break-word; vertical-align: top; min-width: 100%; text-size=
-adjust: 100%; padding: 48px 0px;"><table border=3D"0" cellpadding=3D"0" ce=
llspacing=3D"0" width=3D"100%" align=3D"center" role=3D"presentation" 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"word-=
break: break-word; vertical-align: top; text-size-adjust: 100%;"><span></sp=
an></td></tr></tbody></table></td></tr></tbody></table><div style=3D"margin=
-bottom: 16px;"><table style=3D"margin: 0px; padding: 0px;"><tbody><tr><td =
style=3D"margin: 0px; padding-right: 11px; vertical-align: middle;"><img sr=
c=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d571=
3-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/dot-1.5x.png=
" width=3D"12" height=3D"12" style=3D"display: block; width: 12px; height: =
12px;"></td><td style=3D"margin: 0px; padding: 0px; vertical-align: middle;=
"><p style=3D"margin: 0px; font-size: 16px; letter-spacing: 0.075em;"><stro=
ng> NUMBERS TO KNOW </strong></p></td></tr></tbody></table></div><p style=
=3D"margin: 16px 0px 0px; font-size: 32px;"><strong>$87.5 million</strong><=
/p><p style=3D"margin: 4px 0px 0px; line-height: 1.6; word-break: break-wor=
d;">Current <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967=
418192255878e9689713&_m=3Dd77c03659897457ea748645098dc4f0e&_e=3DXoe-VJN16cG=
jcn-cAXhzIohRzIILb5_Tw4SzNKI6WBJA3XswvpMPqdUzMcAyPcs7B3Cr0tCJt3UKDyEVFZy1CL=
PC1TBeMAw846eMaMhVd6_OCbkH1-T9VvF3WUd3j45PYWWSDF3icp4aYGEhWdBo92DBSR9ssPDqh=
eYV8qzoMuKqsVAamVfjpYEpkK666P6AivDaJB-_gt_I3tPZGD9wVfXLx4eV2kVl8vIgb5-cN36W=
ISGLt7wEHLsNwfYcMIl7DOKjKygbhbn4AygFXANqQaCb3PwzmLmheB3-5rrW1tm1fkEp0BByaJp=
etB57DzXUNuxidyfz0Wg3TrX7gURndefoJ4hzabivwe4dwFl542WoqpyBLqA-zSHXi6k8qwNkFi=
Wm8oRPYA7fyZPw13CQ-jpIrJX70z_6trLGoGlsrUMRqcKFHiKlMbFIulrcdEb5W5ncO7j0LDviv=
-yP_1M1wA%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">valuation</a=
> of crypto-meets-AI startup <a href=3D"https://links.coinbase.com/u/click?=
_t=3D3aca56371967418192255878e9689713&_m=3Dd77c03659897457ea748645098dc4f0e=
&_e=3DXoe-VJN16cGjcn-cAXhzIrACURukFbi_D2OBY5kxS7pwlShjci2CsTjSvdcXG9Qj6ZJid=
jALLXfaMP2sRLON_RJy36EROR7jXZnkt-DE4LgDThKMut00nDK1u3i6riEPmQVFrU5X03hV1enX=
GcTkE_xzT17pqaNBOoTBqZ8xB8_4e_B5MWP8mVMwda5t98yXrzi-vrfc6m7iH0Aam-7yTu6XNbf=
YUqo7s3bwdXc0dp4HZEZGHBVIWjBHHImJyyjC4QT50WMFwOCYLTNqcE_VzH9PL28MjMJtZ-tZ_W=
aeJBWPeJgloup9S33N-SgJc6Hi-HHpGXfxufPtpi24M8G0ILi6k_Lz2E97Tw06udvMETTf7dyOm=
AQqFZlX72iMSCg4" target=3D"_blank" rel=3D"noopener noreferrer">Kaito</a> af=
ter a $5.5 million Series A funding round. Kaito is an AI-powered search en=
gine that aims =E2=80=9Cto provide a whole new search experience to the ent=
ire crypto community,=E2=80=9D by synthesizing on-chain data and other real=
-time information from all over the web. Over the last few months, well kno=
wn crypto projects, including <a href=3D"https://links.coinbase.com/u/click=
?_t=3D3aca56371967418192255878e9689713&_m=3Dd77c03659897457ea748645098dc4f0=
e&_e=3DXoe-VJN16cGjcn-cAXhzIpKLYZpBGXmFypkv1yi9WGLxdvJucE-w5UHT0AAntTjr7B68=
MCq4MO_X8CeJlDQhqasDeW28Dg5Jve3r6Hi2gQZbUtVhbP7IVe7_oTF4wNTJZd8TLWHVQuLRsTM=
xuqLHC2kPGd8DGeJ85p0NOH9gJZEtIJBKZuBJm8KPNFHNfg4_3IWivuU2-GVFDm3dHfzYyt1gpc=
Uz6QplT1Y_pgvqmBDs6XAgUM0r_lYaUd_ZTTFIODrvxMlKT54Rz9mNT4VEu-uB_oNpQBM3NA0w9=
2tCL2N1VR35NKy6063ybnj-L7cBeq-hGAzbf7mAPOfhVsO0c2aSo5tEnpWNJ9J2U2Jj5xU%3D" =
target=3D"_blank" rel=3D"noopener noreferrer">Solana</a> and <a href=3D"htt=
ps://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D=
d77c03659897457ea748645098dc4f0e&_e=3DXoe-VJN16cGjcn-cAXhzIohRzIILb5_Tw4SzN=
KI6WBLv5zWWaZd4QcZitWNKnHWuU872mA9UGDGAzH1flRj9bpZ8iCI1iOZXuxT9RybF5p2jMJ6Z=
1ipZnT55WY0kbGpa6zSQqcVKBNpQ6pSdsrPCdVFqvSTssfxWt0p5VoR8SfQQ0blbZo4ONyYAYJV=
u1xKrqW2Oq-fE_k4OCkc_CMcRGJ1WioMJYiAzu7cZ5gb6QtXXbkTs3O7QGXv1CG9thaKGh6R2Jr=
DsKY2C1t-t3-b3D02xu5QScCztkbj9ZVp_k0kCs8ornx4YdcbOYGVEeTzdfPrub33_vWywLPHe-=
NSRlAm3G2NpJQXK7xhsEU2K9QtAoKkjG2-VsayJPmfvBzPuRF0m6Xu1kEEkuI_gZRm_U_UEwgw_=
dIA7gWt1yrmQthbbjd_C-kgNPn_X8fsexnHuYMy1ujUFC7cp8qxyx1PwLg%3D%3D" target=3D=
"_blank" rel=3D"noopener noreferrer">Etherscan</a>, have added artificial i=
ntelligence tools, as buzz for tech=E2=80=99s AI trend continues to grow.</=
p><p style=3D"margin: 16px 0px 0px; font-size: 32px;"><strong>5,630 BTC</st=
rong></p><p style=3D"margin: 4px 0px 0px; line-height: 1.6; word-break: bre=
ak-word;">The Lightning Network=E2=80=99s new <a href=3D"https://links.coin=
base.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd77c03659897457=
ea748645098dc4f0e&_e=3DXoe-VJN16cGjcn-cAXhzIt7NeWcn5s_LDuDIyXDIp0wrY0AtYVFu=
DtMbvf0LCFFNvXk4UNy812BeRXI3CK64hvuvH7WueqN3JlfsaKFHkashNwY7Cti6_g0tuv22Uz7=
Tf2o2bKKJoEF2uqoR-5CT1M9BsP1GsdoJAZxFuaira8WrYn7k-aGjFZxuOlITSr-5PKIAocODYD=
MXQInitg4Ij_6vA1jeOlkZfQOyDl7L4tPpPRbLsxjm-uVYUmcMpDbf3kWHOiW_5Nxwg3YDwUZnr=
XbB3jNDN3gYHvZa6fQDgph3jlpKMwAjrfMGQgz4W8n7OEUeWajF1PvjgckwDheSi8WTvDiMSUCO=
kTo-uZKgiRdg1L0TRj9ghHYChgvAYgUX" target=3D"_blank" rel=3D"noopener norefer=
rer">all-time high</a> bitcoin capacity as of Saturday, according to The Bl=
ock. The <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418=
192255878e9689713&_m=3Dd77c03659897457ea748645098dc4f0e&_e=3DXoe-VJN16cGjcn=
-cAXhzIq7j3O4V_6YyDqf6UkJJfyJ4YJ82WgqleoUw_BTcDisxh66KiQtyafGawrVq_1X1L3td3=
CXdjvJEY8CRCy996w4Be5yN100vzIzzi6e8t8cBPkEgoJ16GSK_cIZULaKF8FcenOa9PgTaml_D=
TUqsSRBEbwhZcAeSna4VqXCT4mhgwgXBqEsq4OSLQzh8BwktVd9fqu9KCEFtry6HYiq5QEO2Z1R=
PLyGz0IsJqGd4kS4z6K24QW3C0kpggLMdqbtfz-wsDWxA5bv7gNqQUt1jl_6Ip7yLxsWsuj0dZq=
N-Xk35oHC2Uq7jcF0tmwR2yVRQJxIyIjr8wtc8gB1U5CydKDmrAy1VHHdbHJXa1fj0Fydt" tar=
get=3D"_blank" rel=3D"noopener noreferrer">Lightning Network</a> is a =E2=
=80=9Clayer-2=E2=80=9D scaling solution that enables faster and cheaper BTC=
 transactions by moving them off the main Bitcoin blockchain, sort of like =
an express lane on a highway. The new all-time high coincides with BTC=E2=
=80=99s latest rally, which was <a href=3D"https://links.coinbase.com/a/cli=
ck?_t=3D3aca56371967418192255878e9689713&_m=3Dd77c03659897457ea748645098dc4=
f0e&_e=3DXoe-VJN16cGjcn-cAXhzIq7j3O4V_6YyDqf6UkJJfyK23Jn6-gUgNl5iea7f2QTk7v=
NWYMS_TvQPvEygryyaEJPg8ttF7br_nITOtlm5GZKhGn8zVmGLwH9Dl7c2t4St-_XM_dFRI4SEB=
Ar-Ovt51wxzxWaVbFVRvGzbZzVXgZS8pAv1DSIz7CWYtq1TwY4IRp4NMXcuUDf4upkxMWKvWA-g=
4dfe-lK0zbaP1MCUO9XAESn-9eTcj6M-XaLv8Rbyl9KPG6fyq1N0Wgxn0_o978Z4z7H3yPFopu0=
dNYfpyYyEWcNwMnZTdKe_VDCA_fFpbNFKzSjSeSUspNJA_2y3ijMNtv0c3iFdTovmBO5588l_99=
kb2X1CmP2BBlpWRVlZk-lpnsK1hNovRlrwIMK9Ew%3D%3D" target=3D"_blank" rel=3D"no=
opener noreferrer">boosted</a> by Wall Street.</p><p style=3D"margin: 16px =
0px 0px; font-size: 32px;"><strong>$55</strong></p><p style=3D"margin: 4px =
0px 0px; line-height: 1.6; word-break: break-word;">Price of a <a href=3D"h=
ttps://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=
=3Dd77c03659897457ea748645098dc4f0e&_e=3DXoe-VJN16cGjcn-cAXhzImRLBcQftN0HwX=
-TgNuzMwiETzWYJnI7ds2fc7UBSq0WKkUz3EVWlRXlDVXMocsQzKTLUFEEgxjLZ5UP8XRT4-Xou=
2cxxXNNOuWLehv13FisQluq68YX6Yh2MmMA5XQIrIySh2AekfKz3lY-bFNMJG3q7rrwlED-KNIz=
Ey6KZxAscTx1Dtj4miVcrSZBpWYnZaIs45ECbulMukmSP6xCEmsuv1Ybb4uHB64f0LkEDVN67_i=
SR-mldjSTtUWkGx-wEe_wIpPJwmkPXUiTqJUTLxYb438J2G16H0Mgrh6jy9eIXYI-iY6aw4J8Zl=
XQ7xsrUHOeKESqqdBPNZcp5pCQWncHDy2E4WhbMwOjaiOs4NBFDbSTM-HcG8i-1jpLfdOt7A%3D=
%3D" target=3D"_blank" rel=3D"noopener noreferrer">day pass</a> for Bathhou=
se, a Brooklyn-based spa that <a href=3D"https://links.coinbase.com/u/click=
?_t=3D3aca56371967418192255878e9689713&_m=3Dd77c03659897457ea748645098dc4f0=
e&_e=3DXoe-VJN16cGjcn-cAXhzIssikqTtyQYRS5S1S-5JSOmnU39tL-UgIJzYRkjVR3z4ybNm=
DtJpxT_naMufEpSFQ_HIyL60B6FlJcBAdpTI0nKLzVghjCh1HyWVBXqcglLRMfV3HFdDnTOZO_4=
oPwYQwgw9FqWzgnU-P5Qh9ctKDT3-70uZpOoOLym20tQTKyndceou3Nz4cegzfKkTb_G0JOe1F3=
COdbrjbjC9cifWuCinEoZP49tpdipJrl4FN22UEQuzps-witxK4BXawO8gPDkLgOaBNJYXuYKYk=
5r4af0psVNRFz6vg7AaJ1njG-PdfIwGg0dzoZsvhaKRnuf94SllFP1mi7iAu4XQaK3h4zruXm0T=
pUHcqkX3qUbHScviFQyvDeV20dqjSY11IPqWx55eCqGmEsn-CQT9Qer-S3g%3D" target=3D"_=
blank" rel=3D"noopener noreferrer">warms</a> its pools with heat generated =
from its bitcoin mining rig and recycles colder water to cool its mining eq=
uipment.</p><p style=3D"margin: 16px 0px 0px; font-size: 32px;"><strong>52%=
</strong></p><p style=3D"margin: 4px 0px 0px; line-height: 1.6; word-break:=
 break-word;">Percentage of Fortune 100 companies in the U.S. that have pur=
sued crypto, blockchain, or web3 initiatives since the start of 2020, accor=
ding to a new corporate adoption <a href=3D"https://links.coinbase.com/a/cl=
ick?_t=3D3aca56371967418192255878e9689713&_m=3Dd77c03659897457ea748645098dc=
4f0e&_e=3DXoe-VJN16cGjcn-cAXhzIq7j3O4V_6YyDqf6UkJJfyLZH-i1vPrOL9fGfaAJqcetL=
sVeWNXruAZG75lPGwX_p55hyELqVJ5SwG4y6W4sPLXSx-gj8gIaSRmoUIQ3aWcxtG1Ig6wzkk21=
w6r3sBb_JbTNq5wpOmiV-wl6u1_a3nL91WkeKV3kKIxXy-Bb1-wtex7i0ZLgdsyNjbC7DoExdaG=
JOdfBRcsD7qPTk3LI6cVny3oseF6TmI1b95nQiKfhU7mG2gGi6W2uAC2v-sl57J5ijQuHonQxVJ=
XYRqasefl1HgKEmUT6hr5il2UULnI5xT2EUuLXUYrddZrTLxTeu2Ag6iA66ctF2e8vhcj-x8roR=
JL4QmXO2XOizO-gCM1eQD71GHZEKARYWwJ-fc_OU5508GTnrdYCtnzskTEzGRKPiFCv-hPd9U3h=
Z_fwGRwBP3UoXb4B492l2mjT3QtLM0ZTSCrdNKp-eU3Gqvlbga_K5BHsJHVfES95_jsqvtBew9A=
eRoD7eiaSz19BcRtzF6gt1CkSi5hIs4p1JdTnK04%3D" target=3D"_blank" rel=3D"noope=
ner noreferrer">report</a> from Coinbase in partnership with The Block. The=
 research also indicates that the U.S.=E2=80=99s regulatory approach is a t=
op barrier to U.S. leadership of the global financial system.</p><p style=
=3D"margin: 16px 0px 0px; font-size: 32px;"><strong>37</strong></p><p style=
=3D"margin: 4px 0px 0px; line-height: 1.6; word-break: break-word;">Approxi=
mate <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563719674181922=
55878e9689713&_m=3Dd77c03659897457ea748645098dc4f0e&_e=3DXoe-VJN16cGjcn-cAX=
hzIjtVnSkgrrINKIkEmwPTCPP-uvA7WIsJutz_E2UrCBLXEOTM4hThjNJ0CEI5Ca1eerqw5f1E1=
vafu2YvAr3YlgQ5lN6cVw6IFqCfhWyAlAWoJg0Q3H8o4FueC2KUnw8G6CkdXeM0dcCi654G4Hc8=
c-DyDsqKkgFErFacfhvFq8ywqPx2Hj7oit3WExAs2n0QrXgf3lv6e-Io-gwu66c9MnszAqTgQQw=
cF8Pw2RaxuPsr2bhLj0fp0hdaiUFQ0xn4Ei9OxtIBP8MfBbUBfwlQLu0ZoW7HBvzSyZSH-OUXIc=
SO5OWk1VcMzzI6kJLLTL9A79uM4W6BVvgtwYqSBBunPEO14eL-Jy_GF__qsAMTKs09" target=
=3D"_blank" rel=3D"noopener noreferrer">number of days</a> until Litecoin=
=E2=80=99s next halving. Like Bitcoin, Litecoin undergoes a periodic proces=
s in which the amount of crypto awarded to miners <a href=3D"https://links.=
coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd77c0365989=
7457ea748645098dc4f0e&_e=3DXoe-VJN16cGjcn-cAXhzIq7j3O4V_6YyDqf6UkJJfyJ4YJ82=
WgqleoUw_BTcDisxVoIiVKqtJnUbcliNksl47b2csE2_TaIzBj7AD4KYYDFpBdQmFPovnZVdTZS=
YnmZwhZhl5BC5kx7_EXqRmcgb7ysrH0mm7O0NIf1tHzg32FUDmig2yp_mFozB_Rc0dBB95NjI9a=
i_-LGwU2OVjIjnynIkYefLmVc9uLe9Hbir-dlWay0z6CPOr0Vj43scOOYAdb2ksOUPdf14jM4ov=
s-wNGJ5jumKDbxEpJDiN82OaiqaCsrxBAjRuvDy0pE5A99dNO50xwdn8QLbk58psqyaAqx_Ae2M=
O27ibVT1dIP9Vweq0XUdj2Tm9W9TQfC6iO7CCzOqneRhXnEyyg5KYAp9dDDr6rAlDhDe6UvsV4-=
rVWka4dtqnNnNMeLGA7cBasE-O9agv2Ql116AsFTgYeug8g%3D%3D" target=3D"_blank" re=
l=3D"noopener noreferrer">decreases by half</a>. Halving is a tool some cry=
ptocurrencies use to combat <a href=3D"https://links.coinbase.com/a/click?_=
t=3D3aca56371967418192255878e9689713&_m=3Dd77c03659897457ea748645098dc4f0e&=
_e=3DXoe-VJN16cGjcn-cAXhzIq7j3O4V_6YyDqf6UkJJfyJ4YJ82WgqleoUw_BTcDisxw0zhv5=
3ypuT4lrEGpuc9VvBS6enf_1AGp4WKBfAWS89AGXNeakYHgcjtFdP7hbnVagrVmhnd2e-lKY4jG=
tNgd9OjqxwzLtGNCrkN9BQOwgWtKDaaS7_Pk0ySJij7zLsTRBCqAoFaXwMoqRNXBh7gTtNvKuE_=
DjdiBNSqKxFj706EZMLOkV2lf-ss1joCH7PWjsKyTSLnCfoe5fqnK_oJJ8r5GLvmGWCwfhSEpc8=
D5AoFPFz_5l0nYCUOJH7rUiHomX0EeaCjOSWlRENeHYVMApHhDZd-AyhBVGRhJqPRKzbRXqKHaw=
P3qDNSgn6O13-3" target=3D"_blank" rel=3D"noopener noreferrer">inflation</a>=
.</p><table width=3D"100%" role=3D"presentation" style=3D"table-layout: fix=
ed; vertical-align: top; border-spacing: 0px; border-collapse: collapse; mi=
n-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 bo=
rder=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"100%" align=3D"cent=
er" role=3D"presentation" style=3D"table-layout: fixed; vertical-align: top=
; border-spacing: 0px; border-collapse: collapse; border-top: 2px solid rgb=
(222, 224, 226); width: 100%;"><tbody><tr style=3D"vertical-align: top;"><t=
d valign=3D"top" style=3D"word-break: break-word; vertical-align: top; text=
-size-adjust: 100%;"><span></span></td></tr></tbody></table></td></tr></tbo=
dy></table><div><table style=3D"margin: 0px; padding: 0px;"><tbody><tr><td =
style=3D"margin: 0px; padding-right: 11px; vertical-align: middle;"><img sr=
c=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d571=
3-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/dot-1.5x.png=
" width=3D"12" height=3D"12" style=3D"display: block; width: 12px; height: =
12px;"></td><td style=3D"margin: 0px; padding: 0px; vertical-align: middle;=
"><p style=3D"margin: 0px; font-size: 16px; letter-spacing: 0.075em;"><stro=
ng> TOKEN TRIVIA </strong></p></td></tr></tbody></table><p style=3D"margin:=
 5px 0px 0px; font-size: 32px; line-height: 1.26; word-break: break-word;">=
<strong>Which of the following is a stablecoin?</strong></p></div><div styl=
e=3D"margin-top: 16px;"><table style=3D"line-height: 1.6; word-break: break=
-word;"><tbody><tr><td style=3D"padding-right: 12px;"><strong>A</strong></t=
d><td>MATIC</td></tr><tr><td style=3D"padding-right: 12px; padding-top: 12p=
x;"><strong>B</strong></td><td style=3D"padding-top: 12px;">SOL</td></tr><t=
r><td style=3D"padding-right: 12px; padding-top: 12px;"><strong>C</strong><=
/td><td style=3D"padding-top: 12px;">USDC</td></tr><tr><td style=3D"padding=
-right: 12px; padding-top: 12px;"><strong>D</strong></td><td style=3D"paddi=
ng-top: 12px;">AVAX</td></tr></tbody></table></div><p style=3D"margin: 16px=
 0px 0px; line-height: 1.6; word-break: break-word;">Find the answer at the=
 end of the email.</p><div class=3D"cta_button" style=3D"margin: 24px 0px 0=
px; padding: 0px; width: 50%;"><!--[if mso]><table width=3D"100%" cellpaddi=
ng=3D"0" cellspacing=3D"0" border=3D"0" style=3D"border-spacing:0;border-co=
llapse: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-microso=
ft-com:vml" xmlns:w=3D"urn:schemas-microsoft-com:office:word" ses:no-track =
href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e96=
89713&_m=3Dd77c03659897457ea748645098dc4f0e&_e=3DXoe-VJN16cGjcn-cAXhzIq7j3O=
4V_6YyDqf6UkJJfyJ4YJ82WgqleoUw_BTcDisx-kLwFftNjua-h0rKlCHMA6U8QfRC56IIdQ8JT=
RljlfvnEU_eZRS4CrPtc89Sf9cAWKNkNV5YLMV0tGclS4S51y2vgJzx1bGKY7N9JXcK0ogXbDra=
4Qhzr2JP5p9cEZxC_loMiyCpupXYIdTW1sO3XaudzDuwx3DL5XcLY9Jtp2zNt1A8lIO8mGfJ03W=
F9DzLtnp-O6WpFq4UKwuZOegEz2B5Tr5kXs5lc-BL0tlxN32_pmIKof6EgNGZnlqlbxItxC5TIs=
RG3aXNOfC7BhjNWdy4gwYFfAfVUwXWLoGx_ckv5mkYW6YflxxJVsLdhRxw" 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=3D3aca56371967418192255878e968971=
3&_m=3Dd77c03659897457ea748645098dc4f0e&_e=3DXoe-VJN16cGjcn-cAXhzIq7j3O4V_6=
YyDqf6UkJJfyJ4YJ82WgqleoUw_BTcDisx-kLwFftNjua-h0rKlCHMA6U8QfRC56IIdQ8JTRljl=
fvnEU_eZRS4CrPtc89Sf9cAWKNkNV5YLMV0tGclS4S51y2vgJzx1bGKY7N9JXcK0ogXbDra4Qhz=
r2JP5p9cEZxCP91Ceu5MHuvXNxVqQ1ZMu28BdCXsKmIuOoVntaHT57ci_zeTHTW8YTsYNB1vvAD=
IgjHUoNCAWMr5tG01cVEb2xl7Vj68_eB-HwUNgyAWJvf5xblefk1fSsoXQIu5CQeSP-UKZLYG-l=
nuP43JNvL81KiX6wsHsUPl6uN0-WWExeis12eSZtj3PxwfH6VdGL3p" target=3D"_blank" r=
el=3D"noopener noreferrer" style=3D"display: block; margin: 0px; line-heigh=
t: 1.2; font-size: 16px; text-decoration: none; color: rgb(255, 255, 255); =
background-color: rgb(0, 82, 255); border-radius: 30px; text-align: center;=
 padding: 18px 0px;"><strong>Learn about stablecoins</strong></a><!--[if ms=
o]></center></v:textbox></v:roundrect></td></tr></table><![endif]--></div><=
table width=3D"100%" role=3D"presentation" style=3D"table-layout: fixed; ve=
rtical-align: top; border-spacing: 0px; border-collapse: collapse; min-widt=
h: 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; m=
in-width: 100%; text-size-adjust: 100%; padding: 48px 0px;"><table border=
=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"100%" align=3D"center" =
role=3D"presentation" style=3D"table-layout: fixed; vertical-align: top; bo=
rder-spacing: 0px; border-collapse: collapse; border-top: 2px solid rgb(222=
, 224, 226); width: 100%;"><tbody><tr style=3D"vertical-align: top;"><td va=
lign=3D"top" style=3D"word-break: break-word; vertical-align: top; text-siz=
e-adjust: 100%;"><span></span></td></tr></tbody></table></td></tr></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; lin=
e-height: 1.6; word-break: break-word;"><tbody><tr><td style=3D"padding-rig=
ht: 12px;"><strong>C</strong></td><td>USDC</td></tr></tbody></table><table =
style=3D"margin: 48px 0px 0px;"><tbody><tr><td style=3D"text-align: left;">=
<img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/=
669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/Rebra=
nd%20Assets/coinbase_footer_wordmark.png" alt=3D"Coinbase" height=3D"26" st=
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78e9689713&_m=3Dd77c03659897457ea748645098dc4f0e&_e=3DXoe-VJN16cGjcn-cAXhzI=
ixuazRHSwgD0y0FHHOf8LS4JH-iFKHATMsOHL9PxyE_gMYqr1XzJ5920yHXbeZEsynwmlJfo7BF=
PlwD_uoQL5HBQwH5yZoFSimyVgkqGl5mrIxbsJK6ml_2ZR-tp3SI9HqSHTOGENrgXM8s8Z7sMjB=
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6ryQkHX2xBcFyV8Eh7Q3n8BxrKXX635V9Vx2k6qRAriUs_sjOeFkKzDX5O_0c8R" title=3D"c=
oinbase ios app" target=3D"_blank" rel=3D"noopener noreferrer"><img src=3D"=
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ng" 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.c=
oinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd77c03659897=
457ea748645098dc4f0e&_e=3DXoe-VJN16cGjcn-cAXhzIoP2jT8QceDncj3ElNLMtTQpQFIwI=
NGNWz3AGnDU_rqLpQyigx02WB6qAN5tap0NJ7y9tUSJSav8wwodXjMSCsJK0T-n9ah8o2I_2i3a=
N87qoWEGjn3Erky5JWzLzAalUaCmVFhZM5og9L1-VixtDJ1aptFnfB31jVDrlxd130nGSs2no0E=
mqwZR9gMG5l6vd6Cin6UqyFGNKtT5RQ1qicNFCSke772Hi9uOyqpPSVEoZgJAx7ZnwCbcpmri28=
onj6T57RlXTrG5o4SkplJqJ1benmBKpRIphCCBOeEUbGIM5GgfvRIFA1TSqKb7PxiK1bsGy2RGa=
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cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6=
a/3aca56371967418192255878e9689713/Icons/app_google.png" alt=3D"Download on=
 Google Play" height=3D"46" style=3D"display: block; height: 46px;"></a></t=
d></tr></tbody></table><div style=3D"margin-top: 24px;"><p style=3D"font-si=
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