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Date: Fri, 20 Jan 2023 02:33:21 +0000
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From: Coinbase Bytes <newsletter@mail.coinbase.com>
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Reply-To: newsletter@mail.coinbase.com
Subject: Will the crypto rally last?
To: Vincent Herbert <vince@showfile.com>

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Coinbase Bytes A closer look at what=E2=80=99s driving prices higher to sta=
rt the year.=20
View in browser=20
<https://links.coinbase.com/e/evib?_t=3D3aca56371967418192255878e9689713&_m=
=3Dc1ecf4990e654a59aa82446fe4aa088f&_e=3DniZEEJThtvb2fbi8SV_jrl2S7w9uizM_LO=
hmmNZ7C6yp4aCmyXZ1p8MUhSzyhT4I2RDUHy4yj5CaOXff15D-uw%3D%3D>
 <https://coinbase.com>=20
 20/01/2023
 <https://www.coinbase.com>=20
Bitcoin=E2=80=99s mining difficulty just jumped 10% in its biggest increase=
 since=20
October. [agnormark via Getty Images]



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

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

 * Crypto=E2=80=99s January rally continues. A closer look at what=E2=80=99=
s driving BTC and=20
ETH prices higher.=20
 * Key cryptoverse quotes. Anthony Scaramucci recounts his shock about SBF,=
=20
and Twitter roasts a business pitch from the founders of Three Arrows Capit=
al.=20
 * Noteworthy numbers. The new all-time high amount of staked ETH and other=
=20
numbers to know this week.=20




Bitcoin

 =C2=A317,063.46=20

 +10.75%=20
 <https://coinbase.com/price/bitcoin?bytes_title=3Dbitcoin>=20

Ethereum

 =C2=A31,256.91=20

 +9.04%=20
 <https://coinbase.com/price/ethereum?bytes_title=3Dethereum>=20


Cardano

 =C2=A30.27=20

 +3.04%=20
 <https://coinbase.com/price/cardano?bytes_title=3Dcardano>=20

Dogecoin

 =C2=A30.07=20

 +0.92%=20
 <https://coinbase.com/price/dogecoin?bytes_title=3Ddogecoin>=20


Polygon

 =C2=A30.77=20

 +3.35%=20
 <https://coinbase.com/price/polygon?bytes_title=3Dpolygon>=20

Solana

 =C2=A317.35=20

 +29.38%=20
 <https://coinbase.com/price/solana?bytes_title=3Dsolana>=20


Bitcoin

 =C2=A317,063.46=20

 +10.75%=20
 <https://coinbase.com/price/bitcoin?bytes_title=3Dbitcoin>=20

Ethereum

 =C2=A31,256.91=20

 +9.04%=20
 <https://coinbase.com/price/ethereum?bytes_title=3Dethereum>=20

Cardano

 =C2=A30.27=20

 +3.04%=20
 <https://coinbase.com/price/cardano?bytes_title=3Dcardano>=20


Dogecoin

 =C2=A30.07=20

 +0.92%=20
 <https://coinbase.com/price/dogecoin?bytes_title=3Ddogecoin>=20

Polygon

 =C2=A30.77=20

 +3.35%=20
 <https://coinbase.com/price/polygon?bytes_title=3Dpolygon>=20

Solana

 =C2=A317.35=20

 +29.38%=20
 <https://coinbase.com/price/solana?bytes_title=3Dsolana>=20
Price changes are for the past week, ending on Jan 20, 2023 at 02:29 AM UTC
See the latest prices <https://www.coinbase.com/price>=20



 MARKET UPDATE=20

What=E2=80=99s behind January=E2=80=99s crypto rally, and will it last?

After a months-long crypto blizzard in the wake of FTX=E2=80=99s collapse, =
the crypto=20
market hascautiously rallied=20
<https://decrypt.co/119291/bitcoin-ethereum-rally-week-crypto-market-reclai=
ms-1t>
 to start 2023. Since the year began, Bitcoin is up over 28%, Ethereum has=
=20
gained more than 30%, and crypto=E2=80=99s total market cap has reclaimed t=
he$1 trillion
 <https://www.coingecko.com/en/global-charts> mark. While it=E2=80=99s diff=
icult to say=20
if this is a temporary reprieve or if crypto winter is beginning to thaw, w=
e=E2=80=99re=20
taking a closer look at what=E2=80=99s driving this rally. Let=E2=80=99s di=
g in.

This week, Bitcoin rallied past $21,000 propelled by economic data and a=20
modest boost in investor confidence.

 * Bitcoin has been climbing steadily since the beginning of the month when=
=20
U.S. economic dataindicated=20
<https://www.reuters.com/markets/us/us-job-growth-solid-december-unemployme=
nt-rate-falls-35-2023-01-06/>
 slowing wage growth and declining unemployment. Coupled with easing inflat=
ion=20
(December=E2=80=99s CPI reading wasdown to 6.5%=20
<https://www.wsj.com/livecoverage/stock-market-news-today-01-12-2023-cpi-re=
port-december-inflation/card/december-cpi-rises-6-5-year-over-year-labor-de=
partment-OwPqROWS5zuDezp29HY8>
 from June=E2=80=99s peak of 9.1%), the macro picture left investors optimi=
stic that=20
the Federal Reserve might slow its interest rate hikes. The S&P 500 has cli=
mbed=20
about 5% in the same time span.=20
 * Investors are also increasing=20
<https://www.cnbc.com/2023/01/16/why-is-bitcoin-btc-rallying-in-january.htm=
l>=20
the size of their bets on the market, according to crypto data firm Kaiko. =
The=20
firm said that between Jan. 8 and Jan. 17, the average trade size on one ma=
jor=20
exchange rose from $700 to $1100, indicating rising confidence from market=
=20
participants. Another measure of improved sentiments? The Crypto Fear and G=
reed
Index <https://alternative.me/crypto/fear-and-greed-index/>, which provides=
 a=20
vibe check on the crypto market, moved into =E2=80=9CNeutral=E2=80=9D terri=
tory this week after=20
months of =E2=80=9CFear=E2=80=9D readings.=20
 * BTC miners could also be contributing to the rally, as mining difficulty=
=20
<https://www.coindesk.com/learn/bitcoin-mining-difficulty-everything-you-ne=
ed-to-know/>
 hasjumped 10%=20
<https://www.theblock.co/post/202490/bitcoin-mining-difficulty-jumps-10-its=
-biggest-move-since-october>
 in its biggest move since October. Usually difficulty increases as more mi=
ners=20
plug into the Bitcoin network, potentially indicating that large sellers ha=
ve=20
been washed out and new miners are competing to verify BTC transactions.=20


Ethereum neared $1,600 on Wednesday, boosted in part by optimism over the=
=20
blockchain=E2=80=99s post-Merge roadmap and the network=E2=80=99s next upgr=
ade.

 * Since the Merge=20
<https://www.coinbase.com/bytes/archive/what-happens-after-ethereum-merge> =
in=20
September, Ethereum has seen a massive increase in developer activity, desp=
ite=20
market headwinds. In Q4 of last year, the number of smart contracts deploye=
d on=20
the networkrose more than 450%=20
<https://decrypt.co/119371/ethereum-smart-contracts-deployment-jumped-293-2=
022-alchemy-developer-report>
 quarter-over-quarter, according to a report from the blockchain software=
=20
company Alchemy. The report surveyed 985 developers, and found that 94% sai=
d
they were committed=20
<https://decrypt.co/119371/ethereum-smart-contracts-deployment-jumped-293-2=
022-alchemy-developer-report>
 to continue building in web3.=20
 * Ethereum also recently surpassed 500,000 validators=20
<https://decrypt.co/119370/ethereum-validators-hit-500000-ahead-scheduled-s=
hanghai-upgrade>
, a major milestone in migrating users to proof-of-stake while also keeping=
 the=20
network sufficiently decentralized. Validators are users who keep the netwo=
rk=20
running by staking their ETH to help verify transactions, in exchange for E=
TH=20
rewards and a share of the gas fees.=20
 * Meanwhile, traders and developers are buzzing=20
<https://www.coindesk.com/markets/2023/01/13/crypto-traders-are-already-pla=
cing-bets-on-ethereums-shanghai-hard-fork/>
 about Ethereum=E2=80=99s long-awaited Shanghai upgrade,due in March=20
<https://decrypt.co/119201/ethereum-shanghai-upgrade-on-track-march>. A key=
=20
component of the upgrade will enable users to un-stake (withdraw) the more =
than=20
16 million ETH that is currently locked away to help run and secure the net=
work.


Why it matters=E2=80=A6 Beyond BTC and ETH, a number of altcoins have ralli=
ed,=20
including Solana, which is upmore than 125%=20
<https://decrypt.co/119286/solana-sol-price-rising-bonk-helium> since the s=
tart=20
of January (thanks,BONK=20
<https://decrypt.co/118295/solana-surges-doge-themed-shib-rival-bonk>), as =
well=20
as NEAR, Avalanche, and AAVE, which have all seen more than 50% gains in th=
at=20
same span. Solana=E2=80=99s rally is especially surprising to some, as its =
close ties=20
to FTX contributed to massive losses at the end of last year. It's too earl=
y to=20
say which rallies, if any, will sustain and which won=E2=80=99t, butsome be=
lieve=20
<https://www.reuters.com/technology/cryptoverse-bitcoin-is-back-with-bonk-2=
023-01-17/?utm_source=3DSailthru&utm_medium=3DNewsletter&utm_campaign=3DDai=
ly-Briefing&utm_term=3D011723>
 that the worst for crypto markets could be over. =E2=80=9CRumors of Solana=
=E2=80=99s death=20
seem to have been greatly exaggerated,=E2=80=9D said Messari analyst Tom Du=
nleavy =E2=80=94 a=20
sentiment that might also be said of crypto in general.
Learn crypto basics=20
<https://www.coinbase.com/learn/crypto-basics?src=3Dmarketupdate_cta> =20
<http://coinbase.com/buy?src=3Dbytesdynamicbanner_cta>=20

 TAKES=20

Twitter roasts a business pitch from Three Arrows Capital=E2=80=99s founder=
s, and=20
other key quotes from this week

SBFF... =E2=80=9CI considered him a friend=E2=80=9D was how Anthony Scaramu=
cci, the co-founder=20
of investment management firm SkyBridge Capital,described=20
<https://decrypt.co/119351/scaramucci-sam-bankman-fried-friendship-davos> h=
is=20
relationship with Sam Bankman-Fried during a panel event at the World Econo=
mic=20
Forum in Davos this week, in which he discussed the =E2=80=9Cbetrayal and f=
raud=E2=80=9D=20
committed by the former FTX CEO. Despite the fallout from FTX, Scaramuccisa=
id=20
<https://www.politico.eu/newsletter/davos-playbook/race-to-replace-klaus-sc=
hwab-us-senators-try-to-charm-europe-what-crypto-crisis/?utm_source=3Dnewsl=
etter&utm_medium=3Demail&utm_campaign=3Dcryptocodex&cdlcid=3D63bd98b2f9c34d=
131056017c>
 he remains bullish on crypto=E2=80=99s prospects.

Full Circle=E2=80=A6 =E2=80=9CI'm happy to see a clearing out of activity n=
ot aimed at=20
productive use,=E2=80=9Dsaid=20
<https://www.wsj.com/livecoverage/davos2023/card/crypto-presence-endures-at=
-davos-vIXWDYVKv3FF8Jn1r9zE?utm_source=3Dnewsletter&utm_medium=3Demail&utm_=
campaign=3Dcryptocodex&cdlcid=3D63bd98b2f9c34d131056017c>
 Jeremy Allaire, the founder of Circle (which manages theUSDC stablecoin=20
<https://www.coinbase.com/price/usdc>), regarding the recent upheavals in=
=20
crypto. Allaire told the Wall Street Journal (at, where else, Davos) that h=
e=20
envisions Circle ultimately being regulated by the Federal Reserve. =E2=80=
=9CWe need to=20
differentiate between the regulated and the unregulated,=E2=80=9D hesaid=20
<https://www.coindesk.com/policy/2023/01/17/davos-2023-crypto-is-down-but-n=
ot-out/>
.

Pitch imperfect=E2=80=A6 =E2=80=9COnce you=E2=80=99ve finished laughing, yo=
u might consider crying,=E2=80=9D=20
was the Financial Times=E2=80=99response=20
<https://www.ft.com/content/18dd357c-edc4-4764-b14a-98817b8a44f3> to readin=
g=20
the pitch deck for a new crypto exchange being helmed by the founders of=20
notorious crypto hedge fund Three Arrows Capital (3AC), which collapsed las=
t=20
year. The new business=E2=80=99s proposed name =E2=80=94 GTX, =E2=80=9Cbeca=
use G comes after F=E2=80=9D (as in,=20
yes, FTX) =E2=80=94 became asource of amusement=20
<https://www.axios.com/newsletters/axios-crypto-b257a2e6-620e-4121-9c3c-162=
45a52c3dd.html?>
 on crypto Twitter.

Soft spot=E2=80=A6 =E2=80=9CThe probability of a U.S. soft landing scenario=
 engineered by the=20
Fed is currently on the rise,=E2=80=9D was the viewexpressed=20
<https://www.coinbase.com/institutional/research-insights/research/weekly-m=
arket-commentary/crypto-recovers-january-13-2023?utm_source=3DIterable&utm_=
medium=3Demail&utm_campaign=3Din_i_m_w_m_m_itr_ema_0_research-insights-ri-w=
eekly&utm_content=3Dresearch-insights>
 by David Duong, head of institutional research at Coinbase, in his weekly=
=20
market commentary. Bearish market sentiment seems to be in retreat at the=
=20
moment, noted Duong, with economic data pointing to =E2=80=9Cmore relaxed v=
iews about a=20
global recession in 2023.=E2=80=9D
Read our 2023 outlook=20
<https://www.coinbase.com/institutional/research-insights/research/market-i=
ntelligence/2023-crypto-market-outlook?src=3Dtakes_cta>



 NUMBERS TO KNOW=20

$5.5 billion

The value of liquid assets that FTX has identified so far, according to a=
=20
statement=20
<https://www.theblock.co/post/203026/ftx-debtors-identify-5-5-billion-of-li=
quid-assets-in-herculean-effort>
 from CEO John Ray this week. =E2=80=9CWe are making important progress in =
our efforts=20
to maximize recoveries,=E2=80=9D Ray said, but both FTX and FTX US are stil=
l expected=20
to face =E2=80=9Csubstantial shortfalls.=E2=80=9D

$3 billion=20

The approximate amount=20
<https://fortune.com/crypto/2023/01/12/genesis-owes-creditors-3-billion-dig=
ital-currency-group-silbert-winklevoss/>
 that the crypto lender Genesis Global Capital owes its creditors. After we=
eks=20
of trying to raise capital, the firm is expected to file for bankruptcy aft=
er=20
losing more than $175 million in the FTX collapse, and more than $2 billion=
 on=20
a loan after the collapse of crypto hedge fund Three Arrows Capital.

16 million

The new all-time high amount of ETH, worth about $22 billion, that=E2=80=99=
s been=20
staked=20
<https://www.coindesk.com/tech/2023/01/12/number-of-staked-eth-passes-16m/>=
=20
(deposited) into the Ethereum blockchain to help secure the network and ver=
ify=20
transactions. Staked ETH will remain locked into Ethereum=E2=80=99s network=
 until the=20
Shanghai upgrade enables withdrawals later this year.

500

Number of crypto startups that Dubai claims to have attracted=20
<https://cms.dmcc.ae/news/dmcc-attracts-3049-businesses-dubai-2022-reaching=
-22000-member-companies-through-another-record-year>
 via the Dubai Multi Commodities Centre (DMCC), the city=E2=80=99s economic=
 program=20
that confers tax breaks and other benefits to tech startups.




 TOKEN TRIVIA=20

How often is Bitcoin=E2=80=99s blockchain updated with new transactions?

A Every 10 minutes=20
B Once per hour=20
C Once per day=20
D Twice per day=20
Find the answer at the end of the email.
Learn about mining=20
<https://www.coinbase.com/learn/crypto-basics/what-is-mining?src=3Dtokentri=
via>=20


Trivia answer

A Every 10 minutes=20

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

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e=20
or all value. Profits may be subject to Capital Gains Tax.


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dth: 100%;"> <tbody> <tr> <td style=3D"text-align: left; vertical-align: mi=
ddle;"><a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196741819=
2255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_e=3DoPOF1VrMXRYxEi6D=
W7G8AK_Juy4ED-V6Y1LjY3_c_bFGeOQv5ThHXPqU0DATnnf_aX5amPwQQiHzuu_i7dl4WtwxQHu=
K3empMEFRuUNZqZBDKO5mlfw2Elh__M-WZfGTP8WR6lOWgrH4w0b6ZYnTV8QaUek6Hiin_Kx3Rz=
4xVyjhCqD2Q7YAdyWM14yAa_ikG3_qAw9O9Up4KoMvPw8F1ZQQl3-7vFXyszpKTgBFSRbPg4n76=
sSy8Fz8QnbabHYCEiM15zPHwnKMw0VPYeX81LemPAQZNqaagPf-IpMcCkJAWXoPI_y_2J3KULTH=
vHuW" title=3D"Coinbase Bytes" target=3D"_blank" rel=3D"noopener noreferrer=
"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrator=
s/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/cby=
tes-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(1=
0, 11, 1); margin: 10px 0px 0px;"> 20/01/2023</p></td> </tr> </tbody> </tab=
le> </div> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca563719674=
18192255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_e=3DoPOF1VrMXRYx=
Ei6DW7G8AGaeafPeqyjH7h8DD7FxXo7WMcfdHMrPP0NLYvHiAbi3-UsI9XeEeMxBvIrDdHQ0ArR=
AUcv5nWl5xS52reBzacVgIQ6Npz_x7_uw4kTH5XueyVdOV7l-GP59982Ws3zfHVaEclpiser1QE=
Q1pwKqPx9Xz7gaH97cAA3fuP-YDkwjz3zM185kHX7PvAHIU5jDllekYg-pUHQJLXXfhl-kjFwEb=
Qlk38YVBg8vdR6q1oN-JR8dMchNp7oQU2kTSIbfe4zS7B4gwOSNMVByWtpfn3pif72550iGJW3Z=
B-Shs7kl" target=3D"_blank" rel=3D"noopener noreferrer"><img src=3D"https:/=
/images.ctfassets.net/q5ulk4bp65r7/7DqfXrdxI86RfWixFCWjBz/b58e83cad979b8077=
f86411654369943/image2.jpg" width=3D"100%" style=3D"display: block; width: =
100%;"></a> <p style=3D"margin: 16px 0px 0px; line-height: 1.5; word-break:=
 break-word; font-size: 12px; color: rgb(91, 97, 110);">Bitcoin=E2=80=99s m=
ining difficulty just jumped 10% in its biggest increase since October. [ag=
normark via Getty Images]</p> <p style=3D"margin: 16px 0px 0px; line-height=
: 1.5; word-break: break-word; font-size: 12px; color: rgb(91, 97, 110);"><=
/p> <p style=3D"margin: 48px 0px 16px; font-size: 32px; line-height: 1.26; =
word-break: break-word;"><strong>What=E2=80=99s up? It=E2=80=99s Coinbase B=
ytes </strong></p> <p style=3D"margin: 0px; line-height: 1.6; word-break: b=
reak-word;">There=E2=80=99s never a dull moment on the blockchain. Here=E2=
=80=99s what you need to know this week:&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; padding-left: 24px; line-height: 1.6;"=
><!--<![endif]--> <li style=3D"margin: 0px; padding: 6px 0px;"><strong>Cryp=
to=E2=80=99s January rally continues. </strong>A closer look at what=E2=80=
=99s driving BTC and ETH prices higher.</li> <li style=3D"margin: 0px; padd=
ing: 6px 0px;"><strong>Key cryptoverse quotes. </strong>Anthony Scaramucci =
recounts his shock about SBF, and Twitter roasts a business pitch from the =
founders of Three Arrows Capital.</li> <li style=3D"margin: 0px; padding: 6=
px 0px;"><strong>Noteworthy numbers. </strong>The new all-time high amount =
of staked ETH and other numbers to know this week.</li> </ul> <p style=3D"m=
argin: 0px; padding: 0px;"></p> <!--[if !mso]><!--> <div class=3D"desktop_h=
ide" style=3D"mso-hide:all;display:none;max-height:0;overflow:hidden;"> <ta=
ble style=3D"width:100%;table-layout:fixed;margin:0;"> <tbody> <tr> <td sty=
le=3D"padding-top:40px;"> <a href=3D"https://links.coinbase.com/a/click?_t=
=3D3aca56371967418192255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_=
e=3DoPOF1VrMXRYxEi6DW7G8AMeK9z_d4-gawRAz6iZ3mo8cBpoq_SzgZPXgVu7k4e2Hq6VjSRf=
CFE6AKeo-GMEdY078ZZV9v4qJTPynue7WbditpKxMojVULw99wOe75AtBjr8V5nWtf-ZxVopJfw=
REnTQBQI996b_Wh_IWQ_VjUeCoc5hA95nxmmn4uprn8e-iZUi_T4ATy39aMzBTfJ8yolXE8iMYz=
F9ENcLaZuXgafzZJ4QmIFsroP-o2gRDI31EtFDceMeCMZepl_DjpG2llcS4VdJqaEgVwDvQ1yKu=
hnjgNhgd3oVITzS_thNGlzBXPqxSm3clankKhJeY_6DXTR-35MU3miGKU9KXmkUfoOk%3D" tar=
get=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbod=
y> <tr> <td style=3D"padding:0;vertical-align:top;"> <img src=3D"https://d1=
5k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7=
e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" style=3D"heig=
ht: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 st=
yle=3D"text-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D=
"margin:0;"><strong>Bitcoin</strong></p> <p style=3D"margin:8px 0px;"> =C2=
=A317,063.46 </p> <p style=3D"margin:0;font-size:12px;"> +10.75% </p> </div=
> </td> </tr> </tbody> </table> </a> </td> <td style=3D"padding-top:40px;">=
 <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196741819225587=
8e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_e=3DoPOF1VrMXRYxEi6DW7G8AM=
eK9z_d4-gawRAz6iZ3mo_bXCe91lfvbptXiKuesQR1EMXyGPTEfWjFcjSoy_a8uDRnXFHr0Qk-F=
8UkdAif5QObIMiFga4Pd-sa2wf-5pipmxytAxtnQFmiEgioRhN0Gtm_CKw3sAUHLN77DedfGjWy=
jOKxW4E7vVtpnPdyBrdVPkHj5CG5uwzSDfSaj5rCXJ1pT0-ww5QjjwzupHINDPyTd2JjGepbV99=
OQi_RF0uKcA9KVgDs6up9zFP4QFRtAnVh5vfkNameWWihYbkfs_e9kBPRzD5nwRN4hlqngX82NZ=
y9Fp5sAn64YexzXQHSC5pr73zJ32JbYMhg0ad7B_k%3D" target=3D"_blank" style=3D"te=
xt-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"paddi=
ng:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.ne=
t/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5637196=
7418192255878e9689713/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;mar=
gin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Ethere=
um</strong></p> <p style=3D"margin:8px 0px;"> =C2=A31,256.91 </p> <p style=
=3D"margin:0;font-size:12px;"> +9.04% </p> </div> </td> </tr> </tbody> </ta=
ble> </a> </td> </tr> <tr> <td style=3D"padding-top:20px;"> <a href=3D"http=
s://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dc=
1ecf4990e654a59aa82446fe4aa088f&_e=3DoPOF1VrMXRYxEi6DW7G8AMeK9z_d4-gawRAz6i=
Z3mo-Zw8xkC1ZRemkKDveZZBqSphwvOQkyX7yWs_luoIgSC1SqRndJwJ6yLpl7vdXE-VLbGpGIj=
xB13ajVOyAqApPYAT-4ZzTXR1DclEw9T5Od3brgQ0y5VWBjwKLlR_cEk47e6DmwJ1LquVWLbF87=
GbbTu4pLO15NByFqFF5LNlN8YnglrJ3BKTbIOJWnQ1eCfJG9p4IFF6p8rzhjjlUazTC6eNunuSV=
247BnnH8KEIlYkHCWUAO5yMYqB_ArdgYNKr0xP5sv25-guixlBW5qf73WHmDmUEeJLFOB-AVRtV=
BbN6WhdfyYUBL0HPPhANrJCpw%3D" target=3D"_blank" style=3D"text-decoration:no=
ne;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical-al=
ign:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/I=
ntegrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e96=
89713/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"paddin=
g:0;vertical-align:top;"> <div style=3D"text-align:left;margin:0px 0px 0px =
10px;line-height:1;"> <p style=3D"margin:0;"><strong>Cardano</strong></p> <=
p style=3D"margin:8px 0px;"> =C2=A30.27 </p> <p style=3D"margin:0;font-size=
:12px;"> +3.04% </p> </div> </td> </tr> </tbody> </table> </a> </td> <td st=
yle=3D"padding-top:20px;"> <a href=3D"https://links.coinbase.com/a/click?_t=
=3D3aca56371967418192255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_=
e=3DoPOF1VrMXRYxEi6DW7G8AMeK9z_d4-gawRAz6iZ3mo8kQXCzlgfAXle133560y-ZQFmgbPd=
pDXy2NykUtiM3ZFqoQgGy-MAyqfFGhuCvBSGsTEE4Dgo8BbJMLukw13GLKu5njALxrBAzFDsACb=
5_EfRkZRDzJxt_0331DVEV26aznqB1Hv6Obd9wqSkIytL9wpuKWq257UcJ9rDm9Rl6LuHbIuy3M=
PDfTuZH06FPs-RG4C7DEi795-HLIp7PM_AJQqXcTH4VejKR4GLdmNNJf7DCRld9Hsus7YnA2trQ=
QN70kBlk0dzifDAq8xs7nsF6Mrj5KiUtWTzT488rLCgzoov7wKbcGw_42ewKs_rzipw%3D" tar=
get=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbod=
y> <tr> <td style=3D"padding:0;vertical-align:top;"> <img src=3D"https://d1=
5k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7=
e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" style=3D"heig=
ht: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 st=
yle=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=
=A30.07 </p> <p style=3D"margin:0;font-size:12px;"> +0.92% </p> </div> </td=
> </tr> </tbody> </table> </a> </td> </tr> <tr> <td style=3D"padding-top:20=
px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192=
255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_e=3DoPOF1VrMXRYxEi6DW=
7G8AMeK9z_d4-gawRAz6iZ3mo8zvx1Xv2bBxpENO4RjaFyiivUHm2LnoFbuKZUpNUkQ9Ncu5Huo=
Qv334tszB7lCI9BsWSXne13z4LDMygqIg2StuV2lkHdhjmZa4XDz4pUyEWDki9Vpm3YJgpxys57=
D-j1gFxBsGtvK9f-HSO7hz5t2kisZNSA1k0vK6_qeJ9ujyeZspUOqOISB8RYfcc1wCzRk0zYQ32=
i-K2J1XXDzgkTG9ck3hjmkDjY9Q6ShBdeanjVkpKfeMH-6wsSYbY-sZ9Uf4nc0r578ScfYhgYVi=
_ZHHA1OqK5GBBdNy2qdW85fFikX9zguEOmVByAg14VzChc%3D" target=3D"_blank" style=
=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D=
"padding:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfr=
ont.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5=
6371967418192255878e9689713/up-arrow.png" style=3D"height:12px;width:12px;m=
argin:2px 0px 0px 0px;vertical-align:top;" height=3D"12" width=3D"12"/> </t=
d> <td style=3D"padding:0;vertical-align:top;"> <div style=3D"text-align:le=
ft;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>=
Polygon</strong></p> <p style=3D"margin:8px 0px;"> =C2=A30.77 </p> <p style=
=3D"margin:0;font-size:12px;"> +3.35% </p> </div> </td> </tr> </tbody> </ta=
ble> </a> </td> <td style=3D"padding-top:20px;"> <a href=3D"https://links.c=
oinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dc1ecf4990e65=
4a59aa82446fe4aa088f&_e=3DoPOF1VrMXRYxEi6DW7G8AMeK9z_d4-gawRAz6iZ3mo8PTT2mM=
BdcYDP8NC1-iMj12xispCUd4N2y2f4QM1idpLqF53r8CntF2G721U1OC19O44X7gaDBeNKU9uO4=
i_ctMoGktP_Tt1RZJ9My6vf1jtV0OvxJmHPcSNZmDP2SafrBx-SqbOpGqxuMf6PlEtebC0i__lK=
p9Q88NtHFkckvFdVCVwxkpbNhlv3mAKpZSxiQ_zAIVeLFV-H8fhdFm-NWJrdkjf_f69tgx0oqYK=
dboK4fbOsztQc4KpCEQE_AVi_NF_QX8ShB2LuzVaJM2qkK7AGR7KugrDMc3xb2ZIRfHcfJzTPyH=
5CDVUXx5BiFQ6M%3D" target=3D"_blank" style=3D"text-decoration:none;color:#0=
A0B0D;"> <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-ar=
row.png" style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-al=
ign:top;" height=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;vertica=
l-align:top;"> <div style=3D"text-align:left;margin:0px 0px 0px 10px;line-h=
eight:1;"> <p style=3D"margin:0;"><strong>Solana</strong></p> <p style=3D"m=
argin:8px 0px;"> =C2=A317.35 </p> <p style=3D"margin:0;font-size:12px;"> +2=
9.38% </p> </div> </td> </tr> </tbody> </table> </a> </td> </tr> </tbody> <=
/table> </div> <!--<![endif]--> <div class=3D"mobile_hide"> <table style=3D=
"width:100%;table-layout:fixed;margin:0;"> <tbody> <tr> <td style=3D"paddin=
g-top:40px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca563719=
67418192255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_e=3DoPOF1VrMX=
RYxEi6DW7G8AMeK9z_d4-gawRAz6iZ3mo8cBpoq_SzgZPXgVu7k4e2Hq6VjSRfCFE6AKeo-GMEd=
Y078ZZV9v4qJTPynue7WbditpKxMojVULw99wOe75AtBjr8V5nWtf-ZxVopJfwREnTQBQI996b_=
Wh_IWQ_VjUeAnS3PWvaUHdMSjkLWXLc78taHA05YKqglWTT61jpBviB36bIc_7r7ciE9A8NVKO8=
gZl_MpHiat-SzCmZ_FDZ1C0dBody2efgwVmJrJP0HXdbF_mL0zEhTgvduSnI3be0tKCuRlH4TQZ=
_LxKZngev-6slMQ_lhiw5d3tV7GMsd_YKh9lZ-myO-BQbYolgF6GzE%3D" target=3D"_blank=
" style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td s=
tyle=3D"padding:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.=
cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6=
a/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-a=
lign:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><=
strong>Bitcoin</strong></p> <p style=3D"margin:8px 0px;"> =C2=A317,063.46 <=
/p> <p style=3D"margin:0;font-size:12px;"> +10.75% </p> </div> </td> </tr> =
</tbody> </table> </a> </td> <td style=3D"padding-top:40px;"> <a href=3D"ht=
tps://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=
=3Dc1ecf4990e654a59aa82446fe4aa088f&_e=3DoPOF1VrMXRYxEi6DW7G8AMeK9z_d4-gawR=
Az6iZ3mo_bXCe91lfvbptXiKuesQR1EMXyGPTEfWjFcjSoy_a8uDRnXFHr0Qk-F8UkdAif5QObI=
MiFga4Pd-sa2wf-5pipmxytAxtnQFmiEgioRhN0Gtm_CKw3sAUHLN77DedfGjWyjOKxW4E7vVtp=
nPdyBrdVNP628321ZqDO1vYx0ghBTYKNmoJLjS8B95kyLq_sdR7JMDVrSOQ0uofycQpPU333uMm=
50eJ1bsbJRL6KwFyHo--BvTED-4jtUvNLLGSX5xSDqHTO3S5L0qdzeNdIyhv808g51da8BHRVSJ=
NI0HOFfYevLIeMjdg9k_HUF5nYi9I%3D" target=3D"_blank" style=3D"text-decoratio=
n:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertica=
l-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/use=
rs/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5637196741819225587=
8e9689713/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"pa=
dding:0;vertical-align:top;"> <div style=3D"text-align:left;margin:0px 0px =
0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Ethereum</strong><=
/p> <p style=3D"margin:8px 0px;"> =C2=A31,256.91 </p> <p style=3D"margin:0;=
font-size:12px;"> +9.04% </p> </div> </td> </tr> </tbody> </table> </a> </t=
d> <td style=3D"padding-top:40px;"> <a href=3D"https://links.coinbase.com/a=
/click?_t=3D3aca56371967418192255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe=
4aa088f&_e=3DoPOF1VrMXRYxEi6DW7G8AMeK9z_d4-gawRAz6iZ3mo-Zw8xkC1ZRemkKDveZZB=
qSphwvOQkyX7yWs_luoIgSC1SqRndJwJ6yLpl7vdXE-VLbGpGIjxB13ajVOyAqApPYAT-4ZzTXR=
1DclEw9T5Od3brgQ0y5VWBjwKLlR_cEk473hpKseBCyUbLNwM-W8xydIFmDYDFc2MgVQGoin245=
V_GXWB53weZzOMJ1r1K540EJaq6uXcbcFNJwS6yHJcp3sBDWY4wRk5ndWsS09neWj8e7cajThpV=
vFpgYkI58NPh0c-oFv1t7Lg0Vb7WGIxNTOS3GEXKgC-zqlfEVZI6z7WR_QlNssK2gnffiMpBVci=
s%3D" target=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <tab=
le> <tbody> <tr> <td style=3D"padding:0;vertical-align:top;"> <img src=3D"h=
ttps://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a=
-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" styl=
e=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" hei=
ght=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;vertical-align:top;"=
> <div style=3D"text-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p=
 style=3D"margin:0;"><strong>Cardano</strong></p> <p style=3D"margin:8px 0p=
x;"> =C2=A30.27 </p> <p style=3D"margin:0;font-size:12px;"> +3.04% </p> </d=
iv> </td> </tr> </tbody> </table> </a> </td> </tr> <tr> <td style=3D"paddin=
g-top:20px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca563719=
67418192255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_e=3DoPOF1VrMX=
RYxEi6DW7G8AMeK9z_d4-gawRAz6iZ3mo8kQXCzlgfAXle133560y-ZQFmgbPdpDXy2NykUtiM3=
ZFqoQgGy-MAyqfFGhuCvBSGsTEE4Dgo8BbJMLukw13GLKu5njALxrBAzFDsACb5_EfRkZRDzJxt=
_0331DVEV26aznqB1Hv6Obd9wqSkIytL9qJji4C2NhmK9PHW7Q7zvh2n6AjpoWb3pQZZhDfbYo6=
vmUAVs7iqlNjIpbYByvZIaFPc-OUj3GbeDnS6bZzq4dCJQ2QPdhaOGEkZGLX0SGoKrEWwOmdsQK=
-JdG4t3BMPlewO1K_BP3Cy0cBRhaC3rpc1lwElrhREo53erMk6M8CU%3D" target=3D"_blank=
" style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td s=
tyle=3D"padding:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.=
cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6=
a/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-a=
lign: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=A30.07 </p> =
<p style=3D"margin:0;font-size:12px;"> +0.92% </p> </div> </td> </tr> </tbo=
dy> </table> </a> </td> <td style=3D"padding-top:20px;"> <a href=3D"https:/=
/links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dc1ec=
f4990e654a59aa82446fe4aa088f&_e=3DoPOF1VrMXRYxEi6DW7G8AMeK9z_d4-gawRAz6iZ3m=
o8zvx1Xv2bBxpENO4RjaFyiivUHm2LnoFbuKZUpNUkQ9Ncu5HuoQv334tszB7lCI9BsWSXne13z=
4LDMygqIg2StuV2lkHdhjmZa4XDz4pUyEWDki9Vpm3YJgpxys57D-j226fJXy1Wzd0wEX_FHron=
n5jaLo_mgedcVvJI6mq_MU5S7DiXpGDT1DlEXw2t6bCKu3UC0u16WjzBQq6XtsMhZv7Vl1XxfDd=
b0k-jnW8Tn6AL1S0HyyU5w3Ht7mAB3KyD-3HbYoAV6MB3X5zyfr9kwdBUapOfHbGNrygRUCKZjO=
0TFucMFCExsWYHT5Nu42hQ%3D" target=3D"_blank" style=3D"text-decoration:none;=
color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical-align=
:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Inte=
grators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e96897=
13/up-arrow.png" style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;ver=
tical-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 10p=
x;line-height:1;"> <p style=3D"margin:0;"><strong>Polygon</strong></p> <p s=
tyle=3D"margin:8px 0px;"> =C2=A30.77 </p> <p style=3D"margin:0;font-size:12=
px;"> +3.35% </p> </div> </td> </tr> </tbody> </table> </a> </td> <td style=
=3D"padding-top:20px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D=
3aca56371967418192255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_e=
=3DoPOF1VrMXRYxEi6DW7G8AMeK9z_d4-gawRAz6iZ3mo8PTT2mMBdcYDP8NC1-iMj12xispCUd=
4N2y2f4QM1idpLqF53r8CntF2G721U1OC19O44X7gaDBeNKU9uO4i_ctMoGktP_Tt1RZJ9My6vf=
1jtV0OvxJmHPcSNZmDP2Safr8YYGjFBqSQMm58kf18Qv57UYeiCk8BM0kmhODFwTKsQtCaJxcCl=
kO8vi9dvrX65ceG6aK07FrJGMM-9VPI33_RlkOKE1jkalfdeeXMlqSF658AwqTDvmYjHXobxV55=
Kw0_3t7EFeSBFFlCBvCpZ9-2G4X0JpEnrM9qzFfn_35ap5F2JoYG9UFb7EKCsDEjQk%3D" targ=
et=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody=
> <tr> <td style=3D"padding:0;vertical-align:top;"> <img src=3D"https://d15=
k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e=
-c542cff6dd6a/3aca56371967418192255878e9689713/up-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>Solana</strong></p> <p style=3D"margin:8px 0px;"> =C2=A3=
17.35 </p> <p style=3D"margin:0;font-size:12px;"> +29.38% </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, en=
ding on Jan 20, 2023 at 02:29 AM UTC</p> <div class=3D"cta_button" style=3D=
"margin: 24px 0px 0px; padding: 0px; width: 50%;"><!--[if mso]><table width=
=3D"100%" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"border-=
spacing:0;border-collapse:collapse;mso-table-lspace:0pt;mso-table-rspace:0p=
t;"><tr><td style=3D"padding:0;" align=3D"left"> <v:roundrect xmlns:v=3D"ur=
n:schemas-microsoft-com:vml" xmlns:w=3D"urn:schemas-microsoft-com:office:wo=
rd" href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196741819225587=
8e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_e=3DoPOF1VrMXRYxEi6DW7G8AG=
aeafPeqyjH7h8DD7FxXo46XLfuoKmbIlrgTuxHBFvL9cxXtjORlYO06mzQsiIRkpKzoosTrzE03=
cOEVEOnNzFgh2JTJBtZck_LsV2QbFX2j6XXuIEz9Y2UowWS1H-yuZiKa_MS4nunoQRERM2r41dC=
A1HymqlkPVG0JhZ93FXAY8EfEi-mpFLWrceZw5g7hnGoCratzCxpyiuUNWIC-cuJC7U3jUpIMr8=
r46m7kuYMDbAQBQXaRrSWWT534xdSxttWHZxnT7QDBuLzvfiFSPODyso8gtPAk20iii-p8T98MM=
F-4L6_yXdADZJ_khYdBA%3D%3D" style=3D"width:350pt;v-text-anchor:middle;" arc=
size=3D"17%" stroke=3D"false" fillcolor=3D"#0052ff"> <w:anchorlock/><v:text=
box inset=3D"0,0,0,0"><center style=3D"font-family: Helvetica Neue, Helveti=
ca, Arial, sans-serif;"><![endif]--><a href=3D"https://links.coinbase.com/a=
/click?_t=3D3aca56371967418192255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe=
4aa088f&_e=3DoPOF1VrMXRYxEi6DW7G8AGaeafPeqyjH7h8DD7FxXo46XLfuoKmbIlrgTuxHBF=
vL9cxXtjORlYO06mzQsiIRkpKzoosTrzE03cOEVEOnNzFgh2JTJBtZck_LsV2QbFX2j6XXuIEz9=
Y2UowWS1H-yuRHdWJHNe0_Mrv9pIerBtqHk7o5kAOhEfqLsnYLi5EsL-yhTY2krpEWN2x6fFaEv=
lyvsDu6JPhzYCAarOoy_Kbx3pfgui3kfz2jaD_Hc37WPsv3PJ3NJnnV-A-VnNTgJ2Y2r2XmdpgT=
QijvVj0aZjEwLbKR5oKAlm4wt66s5-Rh9_3uDc7HgD3drK8hGSg4ylQ%3D%3D" target=3D"_b=
lank" rel=3D"noopener noreferrer" style=3D"display: block; margin: 0px; lin=
e-height: 1.2; font-size: 16px; text-decoration: none; color: rgb(255, 255,=
 255); background-color: rgb(0, 82, 255); border-radius: 30px; text-align: =
center; padding: 18px 0px;"><strong>See the latest prices</strong></a><!--[=
if mso]></center></v:textbox></v:roundrect></td></tr></table><![endif]--></=
div> <table width=3D"100%" role=3D"presentation" style=3D"table-layout: fix=
ed; vertical-align: top; border-spacing: 0px; border-collapse: collapse; mi=
n-width: 100%; text-size-adjust: 100%;"> <tbody> <tr style=3D"vertical-alig=
n: top;"> <td valign=3D"top" style=3D"word-break: break-word; vertical-alig=
n: 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"c=
enter" 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=
;"> <td valign=3D"top" style=3D"word-break: break-word; vertical-align: top=
; text-size-adjust: 100%;"><span></span></td> </tr> </tbody> </table></td> =
</tr> </tbody> </table> <div> <table style=3D"margin: 0px; padding: 0px;"> =
<tbody> <tr> <td style=3D"margin: 0px; padding-right: 11px; vertical-align:=
 middle;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/In=
tegrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e968=
9713/dot-1.5x.png" width=3D"12" height=3D"12" style=3D"display: block; widt=
h: 12px; height: 12px;"></td> <td style=3D"margin: 0px; padding: 0px; verti=
cal-align: middle;"><p style=3D"margin: 0px; font-size: 16px; letter-spacin=
g: 0.075em;"><strong> MARKET UPDATE </strong></p></td> </tr> </tbody> </tab=
le> <p style=3D"margin: 5px 0px 0px; font-size: 32px; line-height: 1.26; wo=
rd-break: break-word;"><strong>What=E2=80=99s behind January=E2=80=99s cryp=
to rally, and will it last?</strong></p> </div> <p style=3D"margin: 16px 0p=
x 0px; line-height: 1.6; word-break: break-word;">After a months-long crypt=
o blizzard in the wake of FTX=E2=80=99s collapse, the crypto market has <a =
href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e96=
89713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_e=3DoPOF1VrMXRYxEi6DW7G8AJwenN=
SV5qwLDjyGWsDoJjCnyYcvBnsk47pZSx_3P5hP2X6hb1051w_ePQRJw3SYXt7ePhbO0DPJtUvP2=
qSa5FhpbIyaUhxjaoo3T6wRZ9rHrtz2AGIZI6IpOg1LVC_oiXSG_MAol0BCD4sU7PftbxGIhYp9=
BZBCLL5FfR5I4kKU9x_EalMcxkNICBepav8KQWaMbJEj1YHQk_PjDkFSmzPqMpqtSUTshN5jIPU=
OGXEg_BM5NdcBxjSQo2DnPTKQniFROT6WrFek9Jn17lJ57IT6cm-lR3H4DNiieprSWMqzXyuOw5=
THRB6_19aS3XhsVX9tw2U85uIthdSsHFDGrFYPhufH4tCa4yadTn-hFsx9HWhK9dWod35xN2fCK=
LjrcA%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">cautiously ralli=
ed</a> to start 2023. Since the year began, Bitcoin is up over 28%, Ethereu=
m has gained more than 30%, and crypto=E2=80=99s total market cap has recla=
imed the <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418=
192255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_e=3DoPOF1VrMXRYxEi=
6DW7G8ALZv_gDUB5_czoa5klAVU1wuxKl9bOTUwzRnEhr__-Dfjsvf3TUF4ESJIBEe2F9ngZhp-=
-dfkwEIQJy_2kAAaniRn2eUBXYtcPwDau2vbDv68JSICOy-dENB0p8x4CfZocSETc7Kpm4Y1LO_=
sotwcNZzvc7lxpN-Ob8oC4iohk1Z4eMqfmsxKewC589FngVZ37oIqOjf7vV6M91o7lB6LVHfV_B=
FYg0Mks2NgKDg6bEAmf1TB0Wt9SpdT9Z_G7Hd1BP_noQExdaXycxH8jq7o_LEkOgABxcJdqbd-O=
XIcASNsTvG4H7L6Tes5lU-FjKOdA%3D%3D" target=3D"_blank" rel=3D"noopener noref=
errer">$1 trillion</a> mark. While it=E2=80=99s difficult to say if this is=
 a temporary reprieve or if crypto winter is beginning to thaw, we=E2=80=99=
re taking a closer look at what=E2=80=99s driving this rally. Let=E2=80=99s=
 dig in.</p> <p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-break=
: break-word;"><strong>This week, Bitcoin rallied past $21,000 propelled by=
 economic data and a modest boost in investor confidence.</strong></p> <!--=
[if mso]><ul style=3D"line-height:1.6;mso-line-height-alt:26px;"><![endif]-=
-><!--[if !mso]><!-- --><ul style=3D"margin: 10px 0px 0px; padding-left: 24=
px; line-height: 1.6;"><!--<![endif]--> <li style=3D"margin: 0px; padding: =
6px 0px;">Bitcoin has been climbing steadily since the beginning of the mon=
th when U.S. economic data <a href=3D"https://links.coinbase.com/u/click?_t=
=3D3aca56371967418192255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_=
e=3DoPOF1VrMXRYxEi6DW7G8AE2g9xKG65iPkASCX2LexZGVzMV4zBERQrvjaYngqCeghYF902q=
g1Ua5qX5H0UgbRFe0bxBVC4Wf-7bm2i_AJUKP0HA_vYWFnw9nvJJS3MsCftn_DUdHJBkDnfGKr6=
0N8zgE5fJVwh_IYSvQqR1KO-uaHYDcmvqtfy2i4tDcAHLKEAYKhGi23z13_3hMK7DCiPJprAjtg=
-Sm7cNCSiBeqprYTgzn6J9jarBNiaVv6O0RFJLvwGG3f6pgVcB6WPnlPy0XYUQvUD0pGrPVtoxA=
I1qJP5TpTtzPcFgVGS9tEHlGwOEsGnXKzpJOPbRGYFRQRkvZj-SHH2W4ad0xZdnlsM8lqEhbvtP=
OzIBGnWTxbJ91rEMf_BkTxikPxo4vwxlsOa3RIIVBdjpvReHxoTs7T5c%3D" target=3D"_bla=
nk" rel=3D"noopener noreferrer">indicated</a> slowing wage growth and decli=
ning unemployment. Coupled with easing inflation (December=E2=80=99s CPI re=
ading was <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637196741=
8192255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_e=3DoPOF1VrMXRYxE=
i6DW7G8ABqmsY5IADkn1z-_7uTFOZzKZnHb0JcsCMAP7-gUKh5JtygMu85PWlQNwZ3dGKbRzv9c=
ehpBQsgXmiH6h0Xtmb4xt_WquDC-wzF058AmhLNNUJ5noDFayF8F_xed6SYEmMqw1JiiWj53N-V=
3eCjDtSI6xnni0fHhouo6VDF6W-n03fx-ft_6KNIIDJSLLGC27qZwPNgfG1Hlmlm12kVjLo7CNX=
CuRiamiTl_h_UECv21aThzxZtAHaO7TbWs2SkAnv8jcvQyU0SBMqaQXXgvrF-NoArOP4rB8hIlW=
G6JIyXwEFH5FI2Vu7B0pUv_Ka8aF7TiE0yKoy7tcEWry9MqiDoZ8HqnefsGtakAQo5piIl739vX=
AwCDTztCDGbtlu9X4_lrtHEqjiaPMUgAmJFD3XXpwkolxLX1tw2bIX5_UWHCCj610DGAeUvpvVH=
PRhyPcO62Mmf7nPLX8VjvjIVYo8-4i1twAkeEhahmWqap8pizYXxSLNrHbSEOXDuVTozxNg%3D%=
3D" target=3D"_blank" rel=3D"noopener noreferrer">down to 6.5%</a> from Jun=
e=E2=80=99s peak of 9.1%), the macro picture left investors optimistic that=
 the Federal Reserve might slow its interest rate hikes. The S&amp;P 500 ha=
s climbed about 5% in the same time span.</li> <li style=3D"margin: 0px; pa=
dding: 6px 0px;">Investors are also <a href=3D"https://links.coinbase.com/u=
/click?_t=3D3aca56371967418192255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe=
4aa088f&_e=3DoPOF1VrMXRYxEi6DW7G8ALMvLApGSGXku79Apjr9ItSESyrJtDz3aKwdV2etY0=
KxeLiK_-hKJ8PaAvUQatsbBRwW71T2AXFFYj9CK7HGs9hk-pUjYGyxlr_Q6ulV_heCW12s0pnGS=
vfK-Uh2cNRI_pQNz1kXtlxnaXdjUEW9eZkxQxE5mQ2X083yPTEy85nAB2AN3GptEJjOQnXHMvLO=
DcH6xpe_Dou34qlHmt0LfsMfkeeoGTy4afJeH5G6Gzk_Pqz6LxrBsPz5H9Lg7AoptisV-XANooN=
SRdXCjx--lk0GjldbZrgLspJSYgnMojjoJp85Yb_JE4SWxDLMsNDcBfA9lh_L1pUxMmNqV9lOu7=
GaeR6rcmUehm371HVCzX9Q" target=3D"_blank" rel=3D"noopener noreferrer">incre=
asing</a> the size of their bets on the market, according to crypto data fi=
rm Kaiko. The firm said that between Jan. 8 and Jan. 17, the average trade =
size on one major exchange rose from $700 to $1100, indicating rising confi=
dence from market participants. Another measure of improved sentiments? The=
 Crypto Fear and Greed <a href=3D"https://links.coinbase.com/u/click?_t=3D3=
aca56371967418192255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_e=3D=
oPOF1VrMXRYxEi6DW7G8AAyDZzz5XXjWkgpTmPbk-2q5eGIBgg5neYM9oN3c8AmDwfE3CpUM7KP=
0pXa4EuYIbCiK1I5XnjdiwCZP9wqGJ-wmUeplX4AhfPKlFeZNbU-y-q4dRCMdG1Fg2hHCMbU-PC=
5BsarKCakqE7_j39M2XP2usuvBLe0a22JT5NtClTmrUP6VS4XyIS37BJ6aNoiEnsqIcib8w7GdX=
n3g2dW4hyGA-EvrzCJiUWxYjmb0X3AYpsV4e9wx-XBOH81Eh7iEBNUsbRTVYJCm7nK8UZLxxd31=
iWDBjbaIyFSPPBs7irbcK84jnAMlwHht-W3h1fH936PKH7q6P1zVp7QwGfEYTxM%3D" target=
=3D"_blank" rel=3D"noopener noreferrer">Index</a>, which provides a vibe ch=
eck on the crypto market, moved into =E2=80=9CNeutral=E2=80=9D territory th=
is week after months of =E2=80=9CFear=E2=80=9D readings.</li> <li style=3D"=
margin: 0px; padding: 6px 0px;">BTC miners could also be contributing to th=
e rally, as <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967=
418192255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_e=3DoPOF1VrMXRY=
xEi6DW7G8AJyulEQSQ2x66DNS42t3NEjYQGbDTh2uS-C3LwfXlk8mdGLuQJ3ZXZIKrqYe-PJgsj=
Ua5tfdNNhEewpV2gb3ufZ_6sZLVnsgxu4uSoBmDL2Eis6pKNDq1Ql4cRL3ufV8DVhE8B9eg-4Ki=
bcbVN1PCtklFe0H8noJ1YFDcu9HRHH9qIAuI7ZP7jOmoAzs5ZoLDBCvzEph1bFVZAZJ25r25XSB=
tljPkj--diZofofI5Zg1M_ttyo1vBY7Yt7MoUQX46CaystqielbkBLH0SwEzz7RSPgidc3i67-k=
E3FlwgT_pmcd3y1oe3raUnzQ9hZw5lwNBHPzfU-ESIrRfAYmR3SdHEjDvdxf0z31ZtoAvlur6G5=
bAYLQMWyfshsbGd4JBrg%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">m=
ining difficulty</a>&nbsp; has <a href=3D"https://links.coinbase.com/u/clic=
k?_t=3D3aca56371967418192255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa08=
8f&_e=3DoPOF1VrMXRYxEi6DW7G8ABKMXUm90burx0P6uOdk2FU40b5g4yY2jvgyWNXgLPv9jSD=
2a6C_plrKGtyHLCfyhldzFoGnFoaNtU-Oc9WVhDvvL3eAZFqkBuoZbFqF2b4m0vGyVgwHbWwFEV=
lPDXOh6u7S-mwA4ZzhLeUxAjdWtsJnUghhh52BsGS_jfYbdg5xhS8P5C8qiWpagA4jGUZWJc1_H=
qSZDnkdf0tUB4FFL2LX6pt7KM5mdL1xA4tEqY3RjqQlqDecnTR5aFk8LKw9TkR1CFkQJaUcQ5QS=
ZRR13YJkoGSpLhXRd7ibUDmHPWpNi8hIX6nDmENQ5au1TZPRZMqTjDSJ0TWDkkVidTQSTlzHtdi=
eldhDeRD8tyE2moRRgglnh7dYl0oDvHSWy8T6WFqS0IDpWRa-d8erNEJOaSE%3D" target=3D"=
_blank" rel=3D"noopener noreferrer">jumped 10%</a> in its biggest move sinc=
e October. Usually difficulty increases as more miners plug into the Bitcoi=
n network, potentially indicating that large sellers have been washed out a=
nd new miners are competing to verify BTC transactions.</li> </ul> <p style=
=3D"margin: 0px; padding: 0px;"></p> <p style=3D"margin: 16px 0px 0px; line=
-height: 1.6; word-break: break-word;"><strong>Ethereum neared $1,600 on We=
dnesday, boosted in part by optimism over the blockchain=E2=80=99s post-Mer=
ge roadmap and the network=E2=80=99s next upgrade.</strong></p> <!--[if mso=
]><ul style=3D"line-height:1.6;mso-line-height-alt:26px;"><![endif]--><!--[=
if !mso]><!-- --><ul style=3D"margin: 10px 0px 0px; padding-left: 24px; lin=
e-height: 1.6;"><!--<![endif]--> <li style=3D"margin: 0px; padding: 6px 0px=
;">Since the <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196=
7418192255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_e=3DoPOF1VrMXR=
YxEi6DW7G8AGaeafPeqyjH7h8DD7FxXo4H1-5S9foFR3zcQk0ZZrIcQlNQQ4pNlbb6f58g6i731=
Yg_UWjrWhpfcxBAkU9EQbVqAtwS2PuiSGVgepngHTFYrzWK-qwNWYX5fwiiatI6v6rXTff43GB2=
vXmlYolvOFIucEB6ZHW3Rz2kvKAcr_dYT_ZVs481NbOctsO4Ho7MYivUTh90newJ4GjY5fMOhoo=
kctf204lcNglFJRaG1XrmKM1AdjiZVqZqpCsDU1DcruCrRB9Ppoomez4rm0iRXU05F3Gp5zLXGR=
-YqNEdkMpg06kqPF0n4bDeaMK7x_7KMCT5MdjtypjTLFkls0lUYisJOgIxszFjXu3ldaQb4T5D"=
 target=3D"_blank" rel=3D"noopener noreferrer">Merge</a> in September, Ethe=
reum has seen a massive increase in developer activity, despite market head=
winds. In Q4 of last year, the number of smart contracts deployed on the ne=
twork <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192=
255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_e=3DoPOF1VrMXRYxEi6DW=
7G8AGaZYYpMlU004tiNFwdNM2EgyKBm_Rldidxh5FNWHk3WEnjb_Zc3SZ2g2jMmM5DT7yuFdeAB=
qASeuIJrVemD0PY-S14yyFUCcHxK2TOwtzOkX90DGrTBAxJfkPLP1txFoU2VY7mAa42Y-yfpwQK=
oTlbwhg8jsn7N_Sjq-Sbc7rUVf9Ws8YXuHmGA2nWFMv7oVQjodmoQuF8Ii_3LhRgoixdLtJTJpg=
11vzQ4MbHB-VrscaxiNW6x4gs12cqE6nGVdeiTNiuZsaH5lgeTtRv4ym-fF_hMxBjLCjTonmeER=
eKFnmMYayTWynE11GBVObP3ij5oqCAxUMIDHD6nq3mZ-YbaWmH3-c5xF6BQFav-GJXORF8v60Dc=
_bFk_DQ1gSgfMjSobiNdquYPFJYKKToO9wY%3D" target=3D"_blank" rel=3D"noopener n=
oreferrer">rose more than 450%</a> quarter-over-quarter, according to a rep=
ort from the blockchain software company Alchemy. The report surveyed 985 d=
evelopers, and found that 94% said <a href=3D"https://links.coinbase.com/u/=
click?_t=3D3aca56371967418192255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe4=
aa088f&_e=3DoPOF1VrMXRYxEi6DW7G8AGaZYYpMlU004tiNFwdNM2EgyKBm_Rldidxh5FNWHk3=
WEnjb_Zc3SZ2g2jMmM5DT7yuFdeABqASeuIJrVemD0PY-S14yyFUCcHxK2TOwtzOkX90DGrTBAx=
JfkPLP1txFoU2VY7mAa42Y-yfpwQKoTlbwhg8jsn7N_Sjq-Sbc7rUVf9Ws8YXuHmGA2nWFMv7oV=
QjodmoQuF8Ii_3LhRgoixdLtJTJpg11vzQ4MbHB-Vrs1drmRg6-XkpBeOx7bj64y8onGKsg6jBi=
dIk2KMEsFi4jpFolEiwQSO162oO5znI7YTVLY6QMOw6SbGRS8sPFXehacbeOhtgUaUCbjaWyopW=
_nuriplNBygN9ZucvjaSJKFd8TpvR1AczqxHZDOmd1c19-lLH9-WxsFZG-pZd2zI%3D" target=
=3D"_blank" rel=3D"noopener noreferrer">they were committed</a> to continue=
 building in web3.&nbsp;</li> <li style=3D"margin: 0px; padding: 6px 0px;">=
Ethereum also recently surpassed <a href=3D"https://links.coinbase.com/u/cl=
ick?_t=3D3aca56371967418192255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa=
088f&_e=3DoPOF1VrMXRYxEi6DW7G8AGaZYYpMlU004tiNFwdNM2HJ7HdAjvpTl7lpMAMICeLSy=
f8jOvWf5DSbqXOFHUHsb6APmT0FdKseAQRrQDt7SQE2TSsYVBN-BsPwWMX7z1N63pjdsnT_5kOp=
Bb0F250xRBHjnPeAEduJoR0wRrlkC1cx8nXFlgdd0eNVDGzDqTZ0KCH5FTUEAVg4Dc7UjjSdgzy=
KG8DuAgzDxtfTzdT3nhGt7-PGT8JVdpyF9cS7Ye_VDOxbeQ_dd2KXIKyiVuX7T_v47Ui3o9qJNm=
ALRUFgumPvlfGf15xihsisrqM_0E0MXcoPQzjiPJ2eUj7tBqrBmAZ5wpL6UKcYczpXVySsmk4wO=
UjucvH0uXc_etKedc8PcQOiZKyvt231EtHRqaoJjg%3D%3D" target=3D"_blank" rel=3D"n=
oopener noreferrer">500,000 validators</a>, a major milestone in migrating =
users to proof-of-stake while also keeping the network sufficiently decentr=
alized. Validators are users who keep the network running by staking their =
ETH to help verify transactions, in exchange for ETH rewards and a share of=
 the gas fees.</li> <li style=3D"margin: 0px; padding: 6px 0px;">Meanwhile,=
 traders and developers are <a href=3D"https://links.coinbase.com/u/click?_=
t=3D3aca56371967418192255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&=
_e=3DoPOF1VrMXRYxEi6DW7G8AJyulEQSQ2x66DNS42t3NEgm8yjTN5k1epHUkQxeophpSbHZKr=
rvR0zwIclL9EW1lSB6eKCLSSYHmfjUkwi8sSFGlMxJBsFr44gMRymH0BFVod7RvqRXqlbfDxWdZ=
5FkxooiEBl-Dm5Q95M7PtdXgxFKkxmN55notvCtj3hLkMMCvWOzgKeubKxKUlk0g674QLxF-WVY=
83yrRGIUGrYbTcsTcBgK6QOtgFsIKnsmjyiGzfW1iynVoVQ2-m8E4rZUfnN3MM9_7JSJOmKR2A6=
4z7rprvVhjBC-msPl70ZOetfuLiiNwK3W5eKQRm_WwIjwcYklP8-r9qkgxmGl8LIzDkFt794oXI=
dyfrQWZohYVb3cill2m--q0GOHw8f6tHvfVwnSFZfqsfjQiEWWvirNKjgzVlRodboSGC4NBuipF=
PI7" target=3D"_blank" rel=3D"noopener noreferrer">buzzing</a> about Ethere=
um=E2=80=99s long-awaited Shanghai upgrade, <a href=3D"https://links.coinba=
se.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dc1ecf4990e654a59a=
a82446fe4aa088f&_e=3DoPOF1VrMXRYxEi6DW7G8AGZyS38PhyV-dTPyD8E8bkO2Q6DE21M8hS=
jAt_clIy9hJwsMLgQEzd1B6gLoehPKrJB2EkDBWF_1IdKrpNjSAZNo88LLz-vb4PnlZb7U8Iec-=
tblFHfvX_w_YjjM72dxYLF7jT4XUqCL56GzbkkmdmIazO5T3fN2UqIn5PrjriLGc2VF03HKVbbr=
PrwXmw85uKSdhpp5pd8j9la9CIC9tG6szLjKL_ATUnHIrIXwIXNdYsHLDyyFYITtkIYe9VKYdS6=
fyYZCSLE9PO1EbjjcNELT42JSxL8HxGFqkbw0fhGcr7xV75HQ9XeRzXKeViA2jUn1-0zouRjrDy=
BFAtqDi9ecqjHVN-SkN7O_13Q3oehN" target=3D"_blank" rel=3D"noopener noreferre=
r">due in March</a>. A key component of the upgrade will enable users to un=
-stake (withdraw) the more than 16 million ETH that is currently locked awa=
y to help run and secure the network.&nbsp;</li> </ul> <p style=3D"margin: =
0px; padding: 0px;"></p> <p style=3D"margin: 16px 0px 0px; line-height: 1.6=
; word-break: break-word;"><strong>Why it matters=E2=80=A6 </strong>Beyond =
BTC and ETH, a number of altcoins have rallied, including Solana, which is =
up <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255=
878e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_e=3DoPOF1VrMXRYxEi6DW7G8=
APARAVWybOp919SGf0Qqq8VtMflB0DR36FAiH8YCXKodNGI7Pzymvwbkge8z8F0VxcbeH7ki6KK=
RUwQ3D0qneTtnY4L02fHa5kM0G8_I7kFH7taNc85k2VbO0phhknAi7BRMdZi6eojb0JWEDdEZa2=
juH5mew3lnXJd51J9tgDKezQ4WaTMmA5pU31Kz1Y0y3woNskQYZME-S6D2HvFYkoQa2sS4r3UT7=
0IIBSyeR6IVCtZXS0AHqVzs4OUNhWD8A_Ch8BSmxohYoQAVp-ZmEdgCYFHIkuNsKxhtToGZtWrs=
T7OWoZuCrfWairO5JOzHYHaoJus10nyCPy4SR61ORoqIOxCvysgsSKbl_EM1332U" target=3D=
"_blank" rel=3D"noopener noreferrer">more than 125%</a> since the start of =
January (thanks, <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563=
71967418192255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_e=3DoPOF1V=
rMXRYxEi6DW7G8APitZD0Tcjyr5fMxFnGa_LfwUVfz18OsaLr22ikoP7aJXhU4WsVCjvuxVAMLX=
MLiMIsa3qhL1csm4iE9Rl-enTXqaQFXaYSwMhrsVze1uIKUXSnXdmDj88PB7jG0z9vk8bIBqCFP=
kskMFvHf7eFMq9eCcR2EX7q7Rem8kvZvY5SSKZ_KijQKrYYkjFdPa-JskVrbq_n6H_DbS0SqE-Z=
EfPV3NedcIPawqxWYks5mtg7b9q4BQydfcQg3FJkhAkr1gjVyG4315J-vwBTCvzQfdsyTYkzv_L=
RGvNkQ8VaHsMQrL_34jX3iPtRSX7FwIvKsPcSnX8DTZSoDueI_gmkKFItFe_6hUuL4pfRIpeGyN=
ZcU" target=3D"_blank" rel=3D"noopener noreferrer">BONK</a>), as well as NE=
AR, Avalanche, and AAVE, which have all seen more than 50% gains in that sa=
me span. Solana=E2=80=99s rally is especially surprising to some, as its cl=
ose ties to FTX contributed to massive losses at the end of last year. It's=
 too early to say which rallies, if any, will sustain and which won=E2=80=
=99t, but <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637196741=
8192255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_e=3DoPOF1VrMXRYxE=
i6DW7G8AE2g9xKG65iPkASCX2LexZErNofp-Qs3tMPbqcjCFDuVwRbSCkYmsc1UNqxhzi8w3QyN=
GqM63-iRfCeZ9ntHu1OamRuIFpIjLQehNG-EQdqfkmOn7fnBSmp3MRR65bDqLS0KEsCk6uZpZJi=
Q-L_wZE5wIU7yZ0jtiu_--Uf9Q9fpIxaAd0UECU9hl_30Xlb6LkHryWTplflFQ_2Pqr2xRE3nxr=
TOPujhR3CCVsOe3WGKuaRfV8kuR3k2xr0TClc3K_aTn1uXgs_AL6U-QQ-8VPo79UqCySWdft2pK=
w7bOY_ZpMuQ9ACmfjHuUxl00PsDHwDSS-8EmKB7-ev0U5FQ5VxJ_A-qzfhW2P3gWgRcHxX9-cUP=
Vgk8fSiW5r7D9O4i2NVubq3bAxr9AsvVkuI1XCmYMToTFn0wLMq1p9w3aEV4gNLhdac_JKseqJk=
8zaFX7j4Pq4oHomoUilwQm6QYT723uUZaIZF-nDZhuVDt_Hdb" target=3D"_blank" rel=3D=
"noopener noreferrer">some believe</a> that the worst for crypto markets co=
uld be over. =E2=80=9CRumors of Solana=E2=80=99s death seem to have been gr=
eatly exaggerated,=E2=80=9D said Messari analyst Tom Dunleavy =E2=80=94 a s=
entiment that might also be said of crypto in general.</p> <div class=3D"ct=
a_button" style=3D"margin: 24px 0px 0px; padding: 0px; width: 50%;"><!--[if=
 mso]><table width=3D"100%" cellpadding=3D"0" cellspacing=3D"0" border=3D"0=
" style=3D"border-spacing:0;border-collapse:collapse;mso-table-lspace:0pt;m=
so-table-rspace:0pt;"><tr><td style=3D"padding:0;" align=3D"left"> <v:round=
rect xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=3D"urn:schemas-micro=
soft-com:office:word" href=3D"https://links.coinbase.com/a/click?_t=3D3aca5=
6371967418192255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_e=3DoPOF=
1VrMXRYxEi6DW7G8AGaeafPeqyjH7h8DD7FxXo7tv-JfoZY4DRJ1XwTQG1chRk4NmYXuUf9WIwW=
lOIGAvsFs_dig-2UtxbvjuHnl7GGf4-8OowrO2BvuxgZcU4ZCT8hcWyyDbCo5rDpdbY9DJOai7w=
c4HWGPR_uuzVXqAbqqd7GIJq0I3L-dh6qKFd2Ye0oiWAXaodkdbh80e6ILjBdoYCMmiRUYYoqlm=
ykz_ZEz8k6_HhYzuehapvkpnkgtsH1JNmgpeTotPowjL21ImfhQcLIy_egxa5ZBn29g32IZaFYc=
2RQ5S5ADo_PfoV_ZkolmvO-EXEs3uUv74xboAv4IvsM-wxWMlPSDzVM-J2Lcho-ErKy03ji7cs_=
X5uB2" 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-ser=
if;"><![endif]--><a href=3D"https://links.coinbase.com/a/click?_t=3D3aca563=
71967418192255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_e=3DoPOF1V=
rMXRYxEi6DW7G8AGaeafPeqyjH7h8DD7FxXo7tv-JfoZY4DRJ1XwTQG1chRk4NmYXuUf9WIwWlO=
IGAvsFs_dig-2UtxbvjuHnl7GGf4-8OowrO2BvuxgZcU4ZCT8hcWyyDbCo5rDpdbY9DJOai7wc4=
HWGPR_uuzVXqAbqqd7GIJq0I3L-dh6qKFd2YMSrl3XSyaVewVLOgvXRqeqGjMi91TQNEqaSiNkl=
K3BRAyWaIl1MZNGknGEWIag_FlOoLaPEHE5tSrU7jPyxeNgdH9nuJDkY9vM-MtnyUgzwNuvg6Xb=
CBOv1cLuNT4O0rDf0qJzJcvi3bPIZ975lrx3hMybM6qze3bc7z3Fs_RliE-GuGg2OGGC7dgXoR7=
_td" target=3D"_blank" rel=3D"noopener noreferrer" style=3D"display: block;=
 margin: 0px; line-height: 1.2; font-size: 16px; text-decoration: none; col=
or: rgb(255, 255, 255); background-color: rgb(0, 82, 255); border-radius: 3=
0px; text-align: center; padding: 18px 0px;"><strong>Learn crypto basics</s=
trong></a><!--[if mso]></center></v:textbox></v:roundrect></td></tr></table=
><![endif]--></div> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca=
56371967418192255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_e=3Dddx=
L35A-RmhS-Md8FMudVql2d7VZUgw64GIMNpck2ygUdZDZvpVY1XdVss338hnWEaoHRr4gmIyZMe=
2OsLOf_PZbdaaPpvILLqAj4CgOOvw0CXFCeYODZMWF2SVgnZx5sV-khjM0g6TtUHQcLnoKv_arE=
T0w4I4qiFLmqoSWQ1LwJDujV0mmtEBKliWcGs15D_32GWWsjVvb1mKlwyq6rDQg4A4M_GdNdMfz=
6BoLiWO6p7sdahtT5l7xHKOHjDQ1s5vjIdOejfrf62nbmKLr9FR0_Vz54P6UgC50cOCLBkOc4Ln=
6JP0wzfF9rLEtdt9QBIigZu2yhnIcDe9-D9osFTjc4guW1IQ3gjK965mrCeY%3D" target=3D"=
_blank" rel=3D"noopener noreferrer"><!--[if !mso]><!-- --><div class=3D"des=
ktop_hide" style=3D"display: none; max-height: 0px; overflow: hidden;"><img=
 src=3D"https://images.ctfassets.net/q5ulk4bp65r7/4teCjcLjem1niYca1gZAL2/7d=
35fb7498879e1bbb5eb8ec8946e948/coinbase_bytes_recurringbuys_650x360px.jpg" =
width=3D"100%" style=3D"display: block; width: 100%; margin: 64px 0px;"></d=
iv><!--<![endif]--> <div class=3D"mobile_hide"><img src=3D"https://images.c=
tfassets.net/q5ulk4bp65r7/5VsknV0vDAHtkTR76kCkdB/005d7f399fa55e57d50380f5ab=
05855d/coinbase_bytes_recurringbuys_1060x408px.jpg" width=3D"100%" style=3D=
"display: block; width: 100%; margin: 64px 0px;"></div> </a> <div> <table s=
tyle=3D"margin: 0px; padding: 0px;"> <tbody> <tr> <td style=3D"margin: 0px;=
 padding-right: 11px; vertical-align: middle;"><img src=3D"https://d15k2d11=
r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542=
cff6dd6a/3aca56371967418192255878e9689713/dot-1.5x.png" width=3D"12" height=
=3D"12" style=3D"display: block; width: 12px; height: 12px;"></td> <td styl=
e=3D"margin: 0px; padding: 0px; vertical-align: middle;"><p style=3D"margin=
: 0px; font-size: 16px; letter-spacing: 0.075em;"><strong> TAKES </strong><=
/p></td> </tr> </tbody> </table> <p style=3D"margin: 5px 0px 0px; font-size=
: 32px; line-height: 1.26; word-break: break-word;"><strong>Twitter roasts =
a business pitch from Three Arrows Capital=E2=80=99s founders, and other ke=
y quotes from this week</strong></p> </div> <p style=3D"margin: 16px 0px 0p=
x; line-height: 1.6; word-break: break-word;"><strong>SBFF...</strong> =E2=
=80=9CI considered him a friend=E2=80=9D was how Anthony Scaramucci, the co=
-founder of investment management firm SkyBridge Capital, <a href=3D"https:=
//links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dc1e=
cf4990e654a59aa82446fe4aa088f&_e=3DoPOF1VrMXRYxEi6DW7G8AN2nK0VhdAwXsKMTHBcg=
j1myBmVGbpMm_girSJgO_3_rU8ODk9LfrXz9Lv--bXOHPVjOjiX4cIaKA5EH0bp8I4AJdjyEyLm=
nKSJE6rcO2Y_gVcq41W9CnxrWfj6UYi-l7hgIdb6opvv-smEnBpd-IMzeRAQXXCPTtV7hsNt3J9=
UGtIylLTKwr01Fn2rnC-YkUfuVYixR-moWO-1qUCCZ2Owf32ZwrVnfgNlE18YMNe5su1z4-9yRN=
JjFl-dSfLPEFXY89vUGNKqfr8rMoS9TIcdKsLcYSd8zoPEHBJuePYKfHJ9eUzBfXUXjqMz2nAoq=
z-wY9J_V-4ReGdagwPUZvvn7nMQwubxkDlcBSZ9joysh" target=3D"_blank" rel=3D"noop=
ener noreferrer">described</a> his relationship with Sam Bankman-Fried duri=
ng a panel event at the World Economic Forum in Davos this week, in which h=
e discussed the =E2=80=9Cbetrayal and fraud=E2=80=9D committed by the forme=
r FTX CEO. Despite the fallout from FTX, Scaramucci <a href=3D"https://link=
s.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dc1ecf4990=
e654a59aa82446fe4aa088f&_e=3DoPOF1VrMXRYxEi6DW7G8ANGXk_HShq90JHDB4jZQOBezWL=
LyzdnXDGZ043pot7JGi8Ttq9n8RLoK8VrFO8emBcrfCexHDdX8LrKML296ZkohWbVuzoy17jcj5=
K8ChFoRzkshWs6QHQZLvTXpYwyBXfhcmqoYO-WULwVJk1RhBEyGFuoo8pOwQF_bLQQz_avH73lJ=
0j7q-VgHg_eCyVR_G2HVhItKKSfoP_x4FSSxr8knDWBiH0RmvSlR7Flc39mk9Xzg-LpgKS_w4Qr=
byj2uVzEjbQLmsMNHLrl_nj1NjAOa1qyqq8_8RUDK9JR792eSjoHgHixwegrUhtgmc7ZZ0fiW2N=
IpEgk5sOcaqnDIyvuMvCJwjLDBZJBmhvt0giCmiTiQKzZmSbX7hoKU-cOzCuUrUQckS9ooIcTgw=
NapcWbIGBE66OgUJAbAsW_gaRyfxPZU70KRBe05LmbWgg-iFz_41l_qM_WH_kvQrxNg5y5b7C0E=
JNxrl4ijClcAY1bE_vjgx-_gbTNDTiHqsyk7y6MAAuaurxsGP3XDN9INu9nmARIwG_IvM0TsMUu=
mdrJXrnT3cbRkD7sbcYAJ0qj48A%3D%3D" target=3D"_blank" rel=3D"noopener norefe=
rrer">said</a> he remains bullish on crypto=E2=80=99s prospects.</p> <p sty=
le=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;"><str=
ong>Full Circle=E2=80=A6 </strong>=E2=80=9CI'm happy to see a clearing out =
of activity not aimed at productive use,=E2=80=9D <a href=3D"https://links.=
coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dc1ecf4990e6=
54a59aa82446fe4aa088f&_e=3DoPOF1VrMXRYxEi6DW7G8ABqmsY5IADkn1z-_7uTFOZwpL5-Q=
zNlik0-kvtYhn4eo8UMBmjDYkIo0ZQnU2nA-HeF9TPbp0Glbf74AG1xFzv1xgdyUwFSX1xyxePl=
SxyZr83uZrhIao47kGj5XMSm0YjjyM_plb4j2qhX9tzNXBS0flxshiCs-qtT4-JEZd0LK6ePO61=
0qvrC5W0eZuawN4kgIEDkhxlWt4xYWu43LGDu_fewRVQFFTJWRXXQyEriFTgJ8lavnr1yyWOmdQ=
avCxbNIWIUSxeADq-HurhoP_1Hw3HbIkS0kMnI1ry9Gmn2d9KXsWh6RhqsCND-1l2jFnGNaPGlg=
8yvjnZ-6w7TD7o67ti6GXbwLuoeiS7bVjrgOmZ0FXM7WQz10PnOzcrb2sj2wTX1zpOXbEwV7Kl2=
_gTECEdVOF5r3JuuZXkIS4amdHEsoPrYDz-Dm9ji3dfamzRHVDELtWnDMFN0BnelHhLfnN96bzo=
5_sVZ44S0vIC2Vz40qwhTilJ7sVz9NBNg12FOEBkxkNkBxc9tzFKuwXDs%3D" target=3D"_bl=
ank" rel=3D"noopener noreferrer">said</a> Jeremy Allaire, the founder of Ci=
rcle (which manages the <a href=3D"https://links.coinbase.com/a/click?_t=3D=
3aca56371967418192255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_e=
=3DoPOF1VrMXRYxEi6DW7G8AGaeafPeqyjH7h8DD7FxXo5i_W6Xe_vqEjKfFmHny689QbI7IQne=
IR7k1Vw908RFbt9Q5CN9xhvoCQ6JMsy_myHim2yi6l89rcN_KVjo510xKgGP6dgnP1SP6uOTex8=
T7dMxPoCb7eygVZ1DhgYGgZKz5FojEejuFCLyVhL65h11KgS95--g48ZkKRZlXAWJg2OzaPvdAJ=
CorzcveOPrZeiOt08vTA2QnVf4BzNBaY2wHAoLTRNdQC4WUcrANCpPKG-6pbDlYtFdI5xXgbwoL=
_k0p_uvuttW8Wt3TkUFVl35-V0L-daRhD5yNI6VXr7bWw%3D%3D" target=3D"_blank" rel=
=3D"noopener noreferrer">USDC stablecoin</a>), regarding the recent upheava=
ls in crypto. Allaire told the Wall Street Journal (at, where else, Davos) =
that he envisions Circle ultimately being regulated by the Federal Reserve.=
 =E2=80=9CWe need to differentiate between the regulated and the unregulate=
d,=E2=80=9D he <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371=
967418192255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_e=3DoPOF1VrM=
XRYxEi6DW7G8AJyulEQSQ2x66DNS42t3NEi5NHlR-YmEKuqfaL9u1JzbfF_mMvy4d_2FpN6GiiO=
83u8mm1QNj7MSETY7GjQlnI9HVjew0AG4elAg-V7rhAE-Iwj5MJUsChyq1h9A1sHTo0QRKbrFZj=
qU-y0VtQ2n7ILhdGiMWODYkh7RISZdydGEbToSWQ3P5fOwtwXrZqRxG5urm2fxLXBJs29kw_nf8=
yGhQZBakQdaFi8NO1K2H5MdbRhW_2ix_5bKHHunv35VytTOE9NvPe2dHHOUJRHQsIpyApxv4AMy=
gezRBmkWVhkICwTqMQVfk0I31tgcDktFJmw1StcaqgR_zdrdBkVR9aoixRJYBT_s_90iLKOLSI6=
N06JH1APPAp8EPPnXHcZ_GA%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer=
">said</a>.&nbsp;&nbsp;</p> <p style=3D"margin: 16px 0px 0px; line-height: =
1.6; word-break: break-word;"><strong>Pitch imperfect=E2=80=A6</strong> =E2=
=80=9COnce you=E2=80=99ve finished laughing, you might consider crying,=E2=
=80=9D was the Financial Times=E2=80=99 <a href=3D"https://links.coinbase.c=
om/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dc1ecf4990e654a59aa824=
46fe4aa088f&_e=3DoPOF1VrMXRYxEi6DW7G8AJ7nh-3d9lv0U04ceMB_m1LUzg0FZp3P_9Nvep=
DGlKo1Rj2Vhe75x3MdwPu6C-JPEPUfVFNcKUvQJ2eGudRL8GoIki5gC0sICA4e7sfjeuVHhcdIS=
jcTvBUaLSXfAxK3sBqB6yZoYM5Agk7Y0KT_K8JoewbrKePaoR83y21N24wkHBmcX9ZOD8LOk2iV=
cBgllzejseE4NIG4Xin4sXQSOrkC7YNycrmCAGZ7tm4CQU89_PrhK4MdM7Grwd6GQUWyz5_rdkr=
IG3sxNMbYWk0gr3qTFnB-zLmuu4OKSqWKpVcIdjV9Bs41jHE9HuXxZw4rfw8GlrfjgHt9_UR63r=
jH-WSgmScJXTtyr_G9N5hj3eEX" target=3D"_blank" rel=3D"noopener noreferrer">r=
esponse</a> to reading the pitch deck for a new crypto exchange being helme=
d by the founders of notorious crypto hedge fund Three Arrows Capital (3AC)=
, which collapsed last year. The new business=E2=80=99s proposed name =E2=
=80=94 GTX, =E2=80=9Cbecause G comes after F=E2=80=9D (as in, yes, FTX) =E2=
=80=94 became a <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637=
1967418192255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_e=3DoPOF1Vr=
MXRYxEi6DW7G8ADb1cArIAGMfXJjgZGhoABhlX1Mgg8RLGRk4lqJwb11RONPVNChWf7zO4E49Nn=
bS3ahGU5ku5QypRzkrXclwbEFkR4iXqOIpK_tQ0xeBzpGdZvqUw-NNn6phCSilYrm29IOhV-QNU=
fj5Pw_117gewlC92XtUE0gTIcGbDryTWVy1YtUczYl85e7l8X_edYr9yAjIpX81UjnW5NbjxIkO=
kQEuI4h_izIqnBzsVRqqO3sfoWlQhjImCqecypUWNGn5GKYLJWAs341U3RLVCcrDHkzYLsV4-9_=
UjOzxexYRkAsNXOe7NWrn_tZqb2WmYDZhS_8G83UWtYIf1_6yYrE3mOQ8HeKHpc_2_W1kY6DPLp=
JnaxtKKFcBpIeUyF6sUxOVvQ%3D%3D" target=3D"_blank" rel=3D"noopener noreferre=
r">source of amusement</a> on crypto Twitter.&nbsp;</p> <p style=3D"margin:=
 16px 0px 0px; line-height: 1.6; word-break: break-word;"><strong>Soft spot=
=E2=80=A6 </strong>=E2=80=9CThe probability of a U.S. soft landing scenario=
 engineered by the Fed is currently on the rise,=E2=80=9D was the view <a h=
ref=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e968=
9713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_e=3DoPOF1VrMXRYxEi6DW7G8AGaeafP=
eqyjH7h8DD7FxXo44rJZ45vptraKrN_BkfqZYFeRfl6zXmL_LBbCNSlHBL3aLyL9-Y9a870Yk3B=
1qgoiloPK2yNQaRGMNjMMIShskfzonjJ68427qQ9UAvOzNmhjqMJMaklOLP7aYWbhXHBCr6Y_ES=
5-LG8fFf6gkwIvNr1UgGH0ZAqSmAU6N0OiYPzQB4MeRnaiVE_3oNyC7Bn5i-1h9hLy3XTu_C4xh=
U2dTsk1-4WzSXZfNU9uScgPH7iN2Rbjm7RymMEKNWK7iKFYQ6JVs-XcgxwHOEz76WSUlEdASEm3=
3SmN35YNUcha_7niRZjlJPOrfrC8PccXEfEfb-Hc_yvjjEUkPkPmVbS3PY0wlkC0DLHFrdY4aGT=
Yhn0eK9-fYCbpmkIbF4qD4xEoRUY2QBalSvSCJU9iwgKj2nPtelEv1KLE7AXJE1ldhxbYSmtMnW=
UvxowoLZ_uz_dj73mdl2KAX6DR7AWIxv68sO95p_4nJnVW3OmM7TTSNfbFq-SN37nRBnWz5TwVy=
WOycGmAqeXGHZup64zV9oaFZGtHgR4eu79xJiri2lFXbJ9YOzXdztLUsXiOmeXpTqXRyOo7q-CT=
vi8H6x8QZchLv" target=3D"_blank" rel=3D"noopener noreferrer">expressed</a> =
by David Duong, head of institutional research at Coinbase, in his weekly m=
arket commentary. Bearish market sentiment seems to be in retreat at the mo=
ment, noted Duong, with economic data pointing to =E2=80=9Cmore relaxed vie=
ws about a global recession in 2023.=E2=80=9D</p> <div class=3D"cta_button"=
 style=3D"margin: 24px 0px 0px; padding: 0px; width: 50%;"><!--[if mso]><ta=
ble 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-tabl=
e-rspace:0pt;"><tr><td style=3D"padding:0;" align=3D"left"> <v:roundrect xm=
lns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=3D"urn:schemas-microsoft-co=
m:office:word" href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967=
418192255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_e=3DoPOF1VrMXRY=
xEi6DW7G8AGaeafPeqyjH7h8DD7FxXo44rJZ45vptraKrN_BkfqZYFeRfl6zXmL_LBbCNSlHBL3=
Owm3ZLOMvgpdGq3DKq_-nlgFwS5ZpRiV3QZ7BpnaG-GQWX_Ohykhrpo3HalTUWG3a9E0SI2I8bs=
DtFZWjJ3Aka-LgrTPDyP_fRbzP5e13G0PkTCMRI0bQncBBOPD_ERbya7WZw2EZI1sRiazP2nSn7=
IFmAgiDYiZvQUkYRPl3LdH6dXcy4iAqPi4jkU_ySVDKmhHvIiFDIkXwQh2SvkE5dGto1heKIKl6=
Vmt1KjdhrlGRiNh_JAer5c6CoSVVhDhxZ3DMZhbmO0noKqWRyqNY6v-eLU0V1yxy2ge8FqR1PXh=
sKcGDAAMjVT4oWVMoo0yeFGwXowJc6Tiljn36tHUQDzeJ6-UfC2mtnQVOgai5Wi_ZcUI7vPhKSo=
C8C1dc22w%3D%3D" style=3D"width:350pt;v-text-anchor:middle;" arcsize=3D"17%=
" stroke=3D"false" fillcolor=3D"#0052ff"> <w:anchorlock/><v:textbox inset=
=3D"0,0,0,0"><center style=3D"font-family: Helvetica Neue, Helvetica, Arial=
, sans-serif;"><![endif]--><a href=3D"https://links.coinbase.com/a/click?_t=
=3D3aca56371967418192255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_=
e=3DoPOF1VrMXRYxEi6DW7G8AGaeafPeqyjH7h8DD7FxXo44rJZ45vptraKrN_BkfqZYFeRfl6z=
XmL_LBbCNSlHBL3Owm3ZLOMvgpdGq3DKq_-nlgFwS5ZpRiV3QZ7BpnaG-GQWX_Ohykhrpo3HalT=
UWG3a9E0SI2I8bsDtFZWjJ3Aka-LgrTPDyP_fRbzP5e13G0PkTCMRI0bQncBBOPD_ERbya7WZw2=
EZI1sRiazP2nSn7IFmAgiDYiZvQUkYRPl3LdH6dXcy4iAqPi4jkU_ySVPduYffkzlgi6KKl-z83=
5mht5UEw63KVtctyDV78tT9bbaUiSl0JZRRlraLv8BLz9mnbkBbJpsGiJHZcU_hcD6jE8K9D0aj=
EyaE8dWODrCamaPS_jEdDlKN_IdtZutz5totAHvPCGTMUT4exHdhQgcn8oMJXMNCSD-BeMBAJQn=
KrWS7LaI7NgMuOgk-qbee2dw%3D%3D" target=3D"_blank" rel=3D"noopener noreferre=
r" style=3D"display: block; margin: 0px; line-height: 1.2; font-size: 16px;=
 text-decoration: none; color: rgb(255, 255, 255); background-color: rgb(0,=
 82, 255); border-radius: 30px; text-align: center; padding: 18px 0px;"><st=
rong>Read our 2023 outlook</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" st=
yle=3D"word-break: break-word; vertical-align: top; min-width: 100%; text-s=
ize-adjust: 100%; padding: 48px 0px;"><table border=3D"0" cellpadding=3D"0"=
 cellspacing=3D"0" width=3D"100%" align=3D"center" role=3D"presentation" st=
yle=3D"table-layout: fixed; vertical-align: top; border-spacing: 0px; borde=
r-collapse: collapse; border-top: 2px solid rgb(222, 224, 226); width: 100%=
;"> <tbody> <tr style=3D"vertical-align: top;"> <td valign=3D"top" style=3D=
"word-break: break-word; vertical-align: top; text-size-adjust: 100%;"><spa=
n></span></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <div st=
yle=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 src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/In=
tegrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e968=
9713/dot-1.5x.png" width=3D"12" height=3D"12" style=3D"display: block; widt=
h: 12px; height: 12px;"></td> <td style=3D"margin: 0px; padding: 0px; verti=
cal-align: middle;"><p style=3D"margin: 0px; font-size: 16px; letter-spacin=
g: 0.075em;"><strong> NUMBERS TO KNOW </strong></p></td> </tr> </tbody> </t=
able> </div> <p style=3D"margin: 16px 0px 0px; font-size: 32px;"><strong>$5=
.5 billion</strong></p> <p style=3D"margin: 4px 0px 0px; line-height: 1.6; =
word-break: break-word;">The value of liquid assets that FTX has identified=
 so far, according to a <a href=3D"https://links.coinbase.com/u/click?_t=3D=
3aca56371967418192255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_e=
=3DoPOF1VrMXRYxEi6DW7G8ABKMXUm90burx0P6uOdk2FXrmhHcL-lFcN7G6NHET-FG2T-gxdvr=
DfoGaZOQReg3xaLQ6xIORqUBMwesby-LQqLCLKUMQDluKi0DZBTiFoYWkV62vZVcYnLeYTr0Jv1=
RbLp5S52k9G8xro27LZDb4cX_nnx3WHopRKqx7Qs9RMAHvaNQlOBrnp_LBN5qJ22WEJWmYZxT86=
0JCduI2jB6ot3pW-Wwd5P6XH0QXVwt7izvWqeqU1H2Q0rr2TscHH--f874R8d20vCQCJzSAG5OW=
kvxjAiDyx096eP3p5F4ra2Yf6kzMApZPRfnab1p4fy8Nn99WByRvqhAH0A4uaV6z6YcytJ-nXV3=
xFckEKpr1OhKw5Zv1iYUD3Pa3YFDSYTmHgxANaqfACug6ldV42wWdJM%3D" target=3D"_blan=
k" rel=3D"noopener noreferrer">statement</a> from CEO John Ray this week. =
=E2=80=9CWe are making important progress in our efforts to maximize recove=
ries,=E2=80=9D Ray said, but both FTX and FTX US are still expected to face=
 =E2=80=9Csubstantial shortfalls.=E2=80=9D</p> <p style=3D"margin: 16px 0px=
 0px; font-size: 32px;"><strong>$3 billion&nbsp;</strong></p> <p style=3D"m=
argin: 4px 0px 0px; line-height: 1.6; word-break: break-word;">The approxim=
ate <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637196741819225=
5878e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_e=3DoPOF1VrMXRYxEi6DW7G=
8AHO1wvKJVBNmT7T4HqQcV4op-Nblowz_rqs0kYFgvZylDiTjrDD8-YmG2gF941wYDShGjtmwr0=
UEph--TuD4e1KNc2_jafDDE01s-VU7XeZ4KxI6g9o9PuolDZG64zg9vmSVjR0FCBFWBlpwYfdNm=
_M_bUyiY1QSqg8KigGOOL0uV0zH7vATQoCBjVvHC1GWYvctkfyvKsh_6dvblSWiTchYBKalz1nl=
xiF5rXCHg4e0tnZGB7J5bQThcxq6v10088_vqZHG5YIkYVPSJrNHSYIuIiGns3AqF_bYgmy3Ffp=
ukqNUu8_7YasXRy5nlfZpw9v8cAGG22K_OchJ0mzXACZH1JYvHnpUEk9v4RRgze_1Atd7Ti4YUB=
Xjiu3WxN8kKV4yevl2QlX9hqQcyUU-xB2sx37zJLW0mTSkzG-IRFcz" target=3D"_blank" r=
el=3D"noopener noreferrer">amount</a> that the crypto lender Genesis Global=
 Capital owes its creditors. After weeks of trying to raise capital, the fi=
rm is expected to file for bankruptcy after losing more than $175 million i=
n the FTX collapse, and more than $2 billion on a loan after the collapse o=
f crypto hedge fund Three Arrows Capital.</p> <p style=3D"margin: 16px 0px =
0px; font-size: 32px;"><strong>16 million</strong></p> <p style=3D"margin: =
4px 0px 0px; line-height: 1.6; word-break: break-word;">The new all-time hi=
gh amount of ETH, worth about $22 billion, that=E2=80=99s been <a href=3D"h=
ttps://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=
=3Dc1ecf4990e654a59aa82446fe4aa088f&_e=3DoPOF1VrMXRYxEi6DW7G8AJyulEQSQ2x66D=
NS42t3NEje9Jd8np74EsG0DIbEE2zPf9od4JX6uju8BS9xyxgIp129JeRwqdx8_Q4f7c2sgzaYG=
ZCWvmdFWZtaCFgzDQmiLdpeM729j92sg51aq1ConZsZWJB9utu4c7fDkshOscFPHLVa-Nn0aFje=
2BRcelXQcSD3ueUx80mslW23fwyLCTTkJmuymwVqs7KmjjF7sMhQKUmpQMDAymi7Z-T2lq-XtlL=
gOscxz5Ha0cZNJ8ApEAStP5pHVjMVf93qXI4NkzsqFHTLs-JFgZV6Map6ZmQgaQwXe8iF_0qng-=
kor417e3ODObDTb22NWwdVzhQ0pNIxx4d45ky7wtX3Pqo-jknt" target=3D"_blank" rel=
=3D"noopener noreferrer">staked</a> (deposited) into the Ethereum blockchai=
n to help secure the network and verify transactions. Staked ETH will remai=
n locked into Ethereum=E2=80=99s network until the Shanghai upgrade enables=
 withdrawals later this year.</p> <p style=3D"margin: 16px 0px 0px; font-si=
ze: 32px;"><strong>500</strong></p> <p style=3D"margin: 4px 0px 0px; line-h=
eight: 1.6; word-break: break-word;">Number of crypto startups that Dubai c=
laims to have <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563719=
67418192255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_e=3DoPOF1VrMX=
RYxEi6DW7G8AH6gUZjyFUiIGic6g013Noe9UwZeAqM5k6AqNN3u0-3pCoogxhv0VnoTzkN1AQKy=
EicDgGQkB4Qe8j9PmCk_htjuuLozoFbE4Qj2UzBZILgUhsTOye-rGhk--fMijUIWjHvgDOdK5YP=
F9NBMlvazEn5iB4_5uLdLvsybM5jA3zy8_nvEmdlf-NQ2XtsIyC3XtZ6CmkLY-kcdkfIUaftmC1=
dOxFNreQv-BCugWCaO3dRX2bbSNwK6vS8AyK1jubia1M63XYajUKwzPvOKo8eSUXZd-qmLXJm8x=
G7bp2-a-YQwDHBbbmtYOjTziBFdfTnud6SRgk57OeHDTOO50NhHuSCdOHp6-Yiz52zSyHYY2Hs2=
1eQc_Qd0-ySiEmcWsDMrNmXzaXqcJe8BIqGZqLxHKVOtlVRMoEiCJZoq46BbD40O_gdTJ9Dxo_8=
c1Ay2wEEG9Q%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">attracted<=
/a> via the Dubai Multi Commodities Centre (DMCC), the city=E2=80=99s econo=
mic program that confers tax breaks and other benefits to tech startups.</p=
> <table width=3D"100%" role=3D"presentation" style=3D"table-layout: fixed;=
 vertical-align: top; border-spacing: 0px; border-collapse: collapse; min-w=
idth: 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;">=
 <td valign=3D"top" style=3D"word-break: break-word; vertical-align: top; t=
ext-size-adjust: 100%;"><span></span></td> </tr> </tbody> </table></td> </t=
r> </tbody> </table> <div> <table style=3D"margin: 0px; padding: 0px;"> <tb=
ody> <tr> <td style=3D"margin: 0px; padding-right: 11px; vertical-align: mi=
ddle;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integ=
rators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e968971=
3/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;"><strong> TOKEN TRIVIA </strong></p></td> </tr> </tbody> </table> =
<p style=3D"margin: 5px 0px 0px; font-size: 32px; line-height: 1.26; word-b=
reak: break-word;"><strong>How often is Bitcoin=E2=80=99s blockchain update=
d with new transactions?</strong></p> </div> <div style=3D"margin-top: 16px=
;"> <table style=3D"line-height: 1.6; word-break: break-word;"> <tbody> <tr=
> <td style=3D"padding-right: 12px;"><strong>A</strong></td> <td>Every 10 m=
inutes</td> </tr> <tr> <td style=3D"padding-right: 12px; padding-top: 12px;=
"><strong>B</strong></td> <td style=3D"padding-top: 12px;">Once per hour</t=
d> </tr> <tr> <td style=3D"padding-right: 12px; padding-top: 12px;"><strong=
>C</strong></td> <td style=3D"padding-top: 12px;">Once per day</td> </tr> <=
tr> <td style=3D"padding-right: 12px; padding-top: 12px;"><strong>D</strong=
></td> <td style=3D"padding-top: 12px;">Twice per day</td> </tr> </tbody> <=
/table> </div> <p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-bre=
ak: break-word;">Find the answer at the end of the email.</p> <div class=3D=
"cta_button" style=3D"margin: 24px 0px 0px; padding: 0px; width: 50%;"><!--=
[if mso]><table width=3D"100%" cellpadding=3D"0" cellspacing=3D"0" border=
=3D"0" style=3D"border-spacing:0;border-collapse:collapse;mso-table-lspace:=
0pt;mso-table-rspace:0pt;"><tr><td style=3D"padding:0;" align=3D"left"> <v:=
roundrect xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=3D"urn:schemas-=
microsoft-com:office:word" href=3D"https://links.coinbase.com/a/click?_t=3D=
3aca56371967418192255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_e=
=3DoPOF1VrMXRYxEi6DW7G8AGaeafPeqyjH7h8DD7FxXo7tv-JfoZY4DRJ1XwTQG1chOdFI5NTS=
7PZahAnR7tTJx8---QbDsBj8el9gr-lKZJ17giZPXzLs3P9y4I4ro6xLva-9VuLaw0JpRwr2OO1=
xPNrSgLhCQGPZWj-lhvr3DkWGTydM_bHUPVRBHPEOH0nhG7y4gFLCSAYSPLU3fKoc_L7lavoz3o=
fqxm5UpaCPthn6dgjqUNqRmpqFm3ZqV4vR5A17BBVq5ZTqv8ljMSDWXXKTvb-k0fSLUxyxceW6x=
ewdfKyEhXey1smA5GIMtknKX4gVZnfE_9SpfZwbgGABZTIDuSEskqc6Z49uZIOGso07M81xMzS5=
_UpRzV9WGwXW" style=3D"width:350pt;v-text-anchor:middle;" arcsize=3D"17%" s=
troke=3D"false" fillcolor=3D"#0052ff"> <w:anchorlock/><v:textbox inset=3D"0=
,0,0,0"><center style=3D"font-family: Helvetica Neue, Helvetica, Arial, san=
s-serif;"><![endif]--><a href=3D"https://links.coinbase.com/a/click?_t=3D3a=
ca56371967418192255878e9689713&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_e=3Do=
POF1VrMXRYxEi6DW7G8AGaeafPeqyjH7h8DD7FxXo7tv-JfoZY4DRJ1XwTQG1chOdFI5NTS7PZa=
hAnR7tTJx8---QbDsBj8el9gr-lKZJ17giZPXzLs3P9y4I4ro6xLva-9VuLaw0JpRwr2OO1xPNr=
SgLhCQGPZWj-lhvr3DkWGTydM_bHUPVRBHPEOH0nhG7y4gFLCSAYSPLU3fKoc_Nvrdvsp8y9uCJ=
8-AhLJoYL3bDLmdKDhwt2JWrhVXNZxS587X9qDKgACLMi9T8YL5RMX1Nww_O-AXThEFpxoW3l3N=
qmmEeqMxLhPJZ-FdsJS-yC7_efPFTBDkuE8uUxGogi-TozdK_t2XeGDw767gIvl7tUv54nVEuC-=
V0JhQX-C" target=3D"_blank" rel=3D"noopener noreferrer" style=3D"display: b=
lock; margin: 0px; line-height: 1.2; font-size: 16px; text-decoration: none=
; color: rgb(255, 255, 255); background-color: rgb(0, 82, 255); border-radi=
us: 30px; text-align: center; padding: 18px 0px;"><strong>Learn about minin=
g</strong></a><!--[if mso]></center></v:textbox></v:roundrect></td></tr></t=
able><![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 s=
tyle=3D"vertical-align: top;"> <td valign=3D"top" style=3D"word-break: brea=
k-word; vertical-align: top; min-width: 100%; text-size-adjust: 100%; paddi=
ng: 48px 0px;"><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" widt=
h=3D"100%" align=3D"center" role=3D"presentation" style=3D"table-layout: fi=
xed; vertical-align: top; border-spacing: 0px; border-collapse: collapse; b=
order-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-wo=
rd; vertical-align: top; text-size-adjust: 100%;"><span></span></td> </tr> =
</tbody> </table></td> </tr> </tbody> </table> <p style=3D"margin: 0px; lin=
e-height: 1.6; word-break: break-word;"><strong>Trivia answer</strong></p> =
<table style=3D"margin: 12px 0px 0px; line-height: 1.6; word-break: break-w=
ord;"> <tbody> <tr> <td style=3D"padding-right: 12px;"><strong>A</strong></=
td> <td>Every 10 minutes</td> </tr> </tbody> </table> <table style=3D"margi=
n: 48px 0px 0px;"> <tbody> <tr> <td style=3D"text-align: left;"><img src=3D=
"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b=
6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/Rebrand%20Assets=
/coinbase_footer_wordmark.png" alt=3D"Coinbase" height=3D"26" style=3D"disp=
lay: block; height: 26px; margin-bottom: 24px;"></td> </tr> <tr> <td><a hre=
f=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e96897=
13&_m=3Dc1ecf4990e654a59aa82446fe4aa088f&_e=3DoPOF1VrMXRYxEi6DW7G8APeQoma7B=
YAiDsznljsCV91iSx-nHikO_E3KY1Bpt3JII2UhFBAhbnNjh0wdSlV26P04bJV83e0XRWxUdniC=
Y3x_N7wmB6CzY6tZt84MbaFpDwQJiq910O4I9jYwaP7dpr6rdwRa7QJIoeX4jo8Wunjj24wQgPM=
WbHIC6uyu3k9GJtk6EU5RdBbn8bmXh9ydPCSexfV5YeI7RAf5OqhlWd0PtkKvdzJEr3ReymqPWX=
Fb1lPdtLXLA0fYAHj92G5Uf4XVFR_EsYSvcWHg3w4aAr45rcR-B0eb39df_J0vjb3KNhgfIFJXM=
AV9K5ewEW1AUGC-iPRK8MBVJb30GV4T8ZgT7GQvYIq1Qrqs-7-GL0wA" title=3D"coinbase =
ios app" target=3D"_blank" rel=3D"noopener noreferrer"><img src=3D"https://=
d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-b=
d7e-c542cff6dd6a/3aca56371967418192255878e9689713/Icons/app_apple.png" alt=
=3D"Download on iOS App store" height=3D"46" style=3D"display: block; heigh=
t: 46px; margin-right: 8px;"></a></td> <td><a href=3D"https://links.coinbas=
e.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dc1ecf4990e654a59aa=
82446fe4aa088f&_e=3DoPOF1VrMXRYxEi6DW7G8AC-pJ34RnLCwkUCBMo3E_53Y1owZrak-uoA=
68wVnOga4qSTxyYyAdROiMYQhCPJ1Fbz4on2KbrosWbwXlQKaICnv64kRp7bFYAZkS4qyteRwIn=
X7uvrXliNVVqJNJokZYJkFnNW86f86S2b0tnO20UNEQjZS5v86lfV50POI-x5g0KBFLbid-2zCz=
4e7d-G7Gry_pCQYT1RftlKhiTMh6w6ftWTr-L4-yCq5v3Z-68WeQeUNNb80e9fmppSBZNaRqLi2=
XIzHm4aGfS1u93eC6-CjG_ejHLVqGVDLHj6SmjOsbsL7E6p67kxIkQ8SOlQxHA4lMFsf-DExHVY=
YyFVtpkhOER3y51iX8yDdMAOmNex5" title=3D"coinbase android app" target=3D"_bl=
ank" rel=3D"noopener noreferrer"><img src=3D"https://d15k2d11r6t6rl.cloudfr=
ont.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5=
6371967418192255878e9689713/Icons/app_google.png" alt=3D"Download on Google=
 Play" height=3D"46" style=3D"display: block; height: 46px;"></a></td> </tr=
> </tbody> </table> <div style=3D"margin-top: 24px;"> <p style=3D"font-size=
: 12px; line-height: 1.8; word-break: break-word; color: rgb(91, 97, 110);"=
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