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Subject: Who is leading global crypto adoption?
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Coinbase BytesA closer look at the countries and regions becoming crypto hu=
bs.
View in browser=20
<https://links.coinbase.com/e/evib?_t=3D3aca56371967418192255878e9689713&_m=
=3Dbd2c8cc91ee442d6b36ae979695c88c1&_e=3DJDepN6rJ8ToMLZFCexVj5rkoXIPDBI6xW_=
NEcDrynZ9nRKS9e75Ped-lHq3bO1kv5lZ7dzQZmwK-vkWVZbp93g%3D%3D>
 <https://coinbase.com>
 27/09/2023
 <https://www.coinbase.com>
India is among the key countries leading the world in crypto adoption,=20
according to a new annual report. [Naveed Ahmed 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:

 * Where is crypto growing the fastest? A closer look at crypto-adoption=20
hotspots from Asia to Africa.
 * Major institutions are experimenting with =E2=80=9Ctokenization.=E2=80=
=9D We=E2=80=99re breaking=20
down what tokenization is and why global firms see so much potential.
 * This week in numbers. MicroStrategy=E2=80=99s latest BTC buy, a16z=E2=80=
=99s new crypto=20
bets, and more.




Bitcoin

 =C2=A321,700.37=20

 -1.18%=20
 <https://coinbase.com/price/bitcoin?bytes_title=3Dbitcoin>=20

Ethereum

 =C2=A31,316.76=20

 +0.09%=20
 <https://coinbase.com/price/ethereum?bytes_title=3Dethereum>=20


XRP

 =C2=A30.41=20

 -2.35%=20
 <https://coinbase.com/price/xrp?bytes_title=3Dxrp>=20

Cardano

 =C2=A30.20=20

 -0.49%=20
 <https://coinbase.com/price/cardano?bytes_title=3Dcardano>=20


Dogecoin

 =C2=A30.05=20

 -1.97%=20
 <https://coinbase.com/price/dogecoin?bytes_title=3Ddogecoin>=20

Solana

 =C2=A315.71=20

 -4.68%=20
 <https://coinbase.com/price/solana?bytes_title=3Dsolana>=20


Bitcoin

 =C2=A321,700.37=20

 -1.18%=20
 <https://coinbase.com/price/bitcoin?bytes_title=3Dbitcoin>=20

Ethereum

 =C2=A31,316.76=20

 +0.09%=20
 <https://coinbase.com/price/ethereum?bytes_title=3Dethereum>=20

XRP

 =C2=A30.41=20

 -2.35%=20
 <https://coinbase.com/price/xrp?bytes_title=3Dxrp>=20


Cardano

 =C2=A30.20=20

 -0.49%=20
 <https://coinbase.com/price/cardano?bytes_title=3Dcardano>=20

Dogecoin

 =C2=A30.05=20

 -1.97%=20
 <https://coinbase.com/price/dogecoin?bytes_title=3Ddogecoin>=20

Solana

 =C2=A315.71=20

 -4.68%=20
 <https://coinbase.com/price/solana?bytes_title=3Dsolana>=20
Price changes are for the past week, ending on Sep 27, 2023 at 11:00 PM UTC
See the latest prices <https://www.coinbase.com>



 PLANET CRYPTO=20

As the U.S. falls behind on crypto regulation, regions from Asia to Europe =
are=20
becoming key hubs

While crypto markets have been uncharacteristically quiet this year =E2=80=
=94 with=20
bitcoin volatility touchinghistoric lows=20
<https://www.theblock.co/post/244644/bitcoin-volatility-hits-all-time-low-a=
s-trading-volume-slumps>
 =E2=80=94 crypto adoption around the world has continued to ramp up in way=
s that go=20
way beyond just buying and selling tokens. Powered by various combinations =
of=20
institutional adoption, runaway inflation, popular peer-to-peer protocols, =
and=20
business-friendly environments, new crypto hubs =E2=80=94 and use-cases =E2=
=80=94 have been=20
emerging all over the world.

Here=E2=80=99s a quick tour of some of crypto=E2=80=99s global hot spots:

Asia is quickly becoming the most important region in the world for crypto=
=20
adoption.

The biggest and most populous continent in the world also sees the most cry=
pto=20
activity. According toa new excerpt from Chainanalysis=E2=80=99s 2023 Globa=
l Crypto=20
Adoption Index=20
<https://www.chainalysis.com/blog/2023-global-crypto-adoption-index/> (the =
full=20
report will be out in October), six of the ten countries leading in grassro=
ots=20
crypto adoption are in Asia: India, Vietnam, the Philippines, Indonesia,=20
Pakistan, and Thailand.

India, which tops the list=20
<https://blockworks.co/news/chainalysis-global-adoption-index-india-lmi>, i=
s=20
the second-largest crypto market in the world by =E2=80=9Craw estimated tra=
nsaction=20
volume,=E2=80=9D and is in the top five in when it comes to using lending p=
rotocols and=20
smart contracts. In Thailand, where an estimated12%=20
<https://www.statista.com/topics/10781/cryptocurrencies-in-thailand/#topicO=
verview>
 of the population own crypto, the governmentjust announced=20
<https://beincrypto.com/thailand-blockchain-crypto-wallets-national-airdrop=
/>=20
an airdrop worth around $280 to citizens using blockchain technology and=20
digital wallets. And in South Korea, which has among themost comprehensive=
=20
<https://realmoney.thestreet.com/investing/cryptocurrency/south-korea-takes=
-lead-on-crypto-regulation-with-passage-of-new-law-16127795>
 crypto regulations globally, blockchain gaming isemerging as a major indus=
try=20
<https://decrypt.co/198238/south-korean-mobile-developer-nhn-building-crypt=
o-games-sui>
.

Europe is eclipsing the U.S. in crypto regulation, and drawing investors=20
because of it.

As Europe prepares for next year=E2=80=99s implementation of the landmark M=
arkets in=20
Crypto-Assets Regulation (MiCA) legislation, a new report finds that invest=
ors=20
increasingly believe Europe is a more crypto-friendly market than the U.S.=
=20
According to CoinShares,regulatory differences=20
<https://blog.coinshares.com/volume-150-digital-asset-fund-flows-weekly-rep=
ort-d12d3da03d37>
 have resulted in divergent investor behavior: Just last week investors pul=
led=20
around $14 million out of U.S. crypto investment products at the same time =
that=20
European crypto products saw around $16 million ofinflows.=20

The growing regulatory framework in Europe has also led to last month=E2=80=
=99s launch=20
<https://www.coindesk.com/business/2023/08/15/europes-first-spot-bitcoin-et=
f-lists-in-amsterdam/>
 of the region=E2=80=99s first =E2=80=9Cspot=E2=80=9D bitcoin exchange-trad=
ed fund (ETF) in Amsterdam.=20
Meanwhile, at least ten major U.S.-based firms including BlackRock are stil=
l=20
waiting for the SEC to weigh in on their applications for similar products.

Crypto industry leaders have also repeatedly expressed a desire to expand i=
nto=20
Europe due to the regulatory structure. =E2=80=9CThe European market demand=
 that we=E2=80=99re=20
seeing, combined with the regulatory framework established by MiCA, is robu=
st,=E2=80=9D
said <https://www.ft.com/content/6bda8a7a-0211-434d-9b84-414c4714b903> Leon=
=20
Marshall, the new head of Galaxy Digital=E2=80=99s Europe division. =E2=80=
=9CThat makes Europe=20
a desirable destination for crypto firms to build and grow.=E2=80=9D

Crypto adoption is especially crucial in Sub-Saharan Africa.

While sub-Saharan Africa is the world=E2=80=99s smallest crypto economy by =
transaction=20
volume <https://www.chainalysis.com/blog/africa-cryptocurrency-adoption/>, =
it=E2=80=99s=20
a region where residents areespecially reliant on crypto=20
<https://www.brookings.edu/articles/the-role-of-cryptocurrencies-in-sub-sah=
aran-africa/>
 for everyday activities. With many countries battling rising inflation and=
=20
weakening currencies, bitcoin has become an economic lifeline. Nearly 10% o=
f=20
the region=E2=80=99s crypto transactions are in bitcoin, the highest rate i=
n the world=20
=E2=80=94 and residents are also increasingly using stablecoins.

In Nigeria, where the government has tried to crack down on crypto repeated=
ly,=20
crypto transaction volume increased=20
<https://africa.businessinsider.com/local/markets/nigerias-crypto-transacti=
ons-hit-dollar567-billion-driven-by-weakening-currency-and/ttsxbf3>
 9% to $56.7 billion between July 2022 and June 2023, making it one of just=
 six=20
countries in the top 50 to see a rise in usage. Uganda also saw significant=
=20
growth, with transaction volume rising 245% to $1.6 billion.

The bottom line=E2=80=A6=20

Crypto is famously borderless, but the individuals and companies that power=
=20
the industry have to be based somewhere =E2=80=94 and the regions and natio=
ns that have=20
clearly defined the rules of the road are in better positions to attract th=
e=20
crypto industry. With 83% (and counting) of major financial hubsalready mov=
ing=20
toward regulatory clarity for crypto,=20
<https://www.coinbase.com/blog/announcing-phase-ii-of-our-international-exp=
ansion-strategy-83-of-major-hubs>
 U.S. policymakers have some major catching up to do if they want America t=
o=20
host, and benefit from, the next wave of crypto innovation.
Advocate for crypto <https://www.standwithcrypto.org/>=20
<https://www.coinbase.com/security>

 VIRTUAL REALTY=20

The multi trillion-dollar opportunity global firms see in =E2=80=9Ctokenizi=
ng=E2=80=9D=20
real-world assets

In the last few years, new crypto-powered technologies have enabled everyth=
ing=20
from automatic royalty payments and fractional ownership to 24-hour=20
peer-to-peer markets and much more. Now, many in crypto and on Wall Street =
see=20
the tokenization of real-world assets =E2=80=94 where ownership of things l=
ike real=20
estate, art, stocks, or many other asset classes can be represented asa tok=
en=20
<https://www.coinbase.com/learn/crypto-basics/what-is-a-token> on a blockch=
ain=20
=E2=80=94 as a multi-trillion dollar opportunity. According toa recent Coin=
Desk report=20
<https://www.coindesk.com/consensus-magazine/2023/08/31/the-trillion-dollar=
-crypto-opportunity-real-world-asset-tokenization/?outputType=3Damp>
, a thesis has emerged that =E2=80=9Cthe tokenization of real world assets =
(RWA) will=20
form the backbone of the next bull run and unlock the transfer of trillions=
 of=20
dollars of value into crypto.=E2=80=9D



Here=E2=80=99s what you need to know:

 * Tokenizing real-world assets is conceptually similar to stablecoins=20
<https://www.coinbase.com/learn/crypto-basics/what-is-a-stablecoin> (digita=
l=20
currencies pegged to stable assets like a dollar), but expanded to include =
a=20
much wider range of asset classes. An investor with limited capital could=
=20
purchase a tiny fractional share of an office building, for instance, or a=
=20
blue-chip artwork. Asa new report=20
<https://www.federalreserve.gov/econres/feds/tokenization-overview-and-fina=
ncial-stability-implications.htm>
 from the Federal Reserve notes, =E2=80=9CAmong the benefits of tokenizatio=
n, lowering=20
barriers to entry into otherwise inaccessible markets and improving the=20
liquidity of such markets are the most prominent.=E2=80=9D
 * Last week, Citi announced a program=20
<https://www.coinbase.com/bytes/archive/finance-giants-are-making-crypto-mo=
ves>=20
that allows institutional clients to convert their deposits into digital to=
kens=20
that can be sent anywhere in the world with the near-instant transfer=20
settlements of a blockchain. And earlier this month, Deutsche Bankannounced=
=20
<https://blockworks.co/news/deutsche-bank-crypto-custody-tokenization> that=
 it=20
would be tokenizing traditional financial securities. =E2=80=9CWe expect to=
 see more=20
traditional assets and cash payments eventually come on-chain,=E2=80=9D sai=
d the bank=E2=80=99s=20
crypto chief. =E2=80=9CPositioning ourselves for the future is our primary =
focus and we=20
are working on a select number of projects to develop our capabilities.=E2=
=80=9D
 * Tokenized real estate allows for faster and cheaper transactions for a=
=20
typically illiquid and paperwork-heavy asset class =E2=80=94 and allows for=
 fractional=20
ownership (whether the underlying asset is a specific building, real-estate=
=20
development, or a real-estate fund). In one recent example, a Hong Kong cry=
pto=20
company called Tykhe Capital recentlyannounced=20
<https://beincrypto.com/hong-kong-real-estate-market-verge-tokenization/> i=
t=20
was seeking regulatory approval for a token called Prince, which would sell=
=20
tokenized shares of a Hong Kong real-estate fund.
 * A new international test shows it=E2=80=99s possible to send tokenized a=
ssets=20
across multiple blockchains.In late August, the global interbank messaging=
=20
system Swift and dozens of major bankscompleted a successful experiment=20
<https://www.coindesk.com/tech/2023/08/31/swift-chainlink-tokenization-expe=
riment-successfully-transfers-value-across-multiple-blockchains/>
 using Chainlink=E2=80=99s new Cross-Chain Interoperability Protocol to mov=
e tokenized=20
assets across a variety of public and private blockchains.
 * Last year, a consortium including JP Morgan successfully=20
<https://blockworks.co/news/jpmorgan-trade-on-public-blockchain-monumental-=
step-for-defi>
 experimented with creating tokenized Singapore dollars and Japanese yen. T=
he=20
assets were then used to trade against liquidity pools of tokenized governm=
ent=20
bonds. The tests were a big deal because they used a combination of private=
=20
bank blockchains and public protocols including the Aave DeFi protocol and =
the=20
Polygon blockchain, demonstrating Wall Street=E2=80=99s growing interest in=
 interacting=20
with open web3 technology. Aave Companies CEO, Stani Kulechov, called the=
=20
blockchain trade =E2=80=9Ca monumental step forward for DeFi.=E2=80=9D


The bottom line=E2=80=A6 BlackRock CEO Larry Fink has said=20
<https://www.forbes.com/sites/davidbirch/2023/03/01/larry-fink-says-tokens-=
are-the-next-generation-for-markets/?sh=3D1a5b8e617bb1>
 that the tokenization of securities is =E2=80=9Cthe next generation for ma=
rkets,=E2=80=9D and=20
according to a BNY Mellon survey, 97% of surveyed institutional investors=
=20
=E2=80=9Cagree that tokenization will revolutionize asset management.=E2=80=
=9D The opportunity=20
that experts see in bringing real-world assets online is vast. As a Bernste=
in=20
analystput it earlier this summer=20
<https://www.cnbc.com/2023/06/21/bernstein-sees-a-5-trillion-opportunity-in=
-blockchains-for-financial-markets.html>
, =E2=80=9CTokenization, we believe, will transform financial markets over =
the next=20
decade. We forecast ~$5 trillion of real-world financial assets will be=20
tokenized on blockchains over the next 5 years.=E2=80=9D
Learn about tokens=20
<https://www.coinbase.com/learn/crypto-basics/what-is-a-token>



 NUMBERS TO KNOW=20

$135.8 million

Total funding that crypto startups raised last week=20
<https://unchainedcrypto.com/a16z-flurry-of-deals-drives-crypto-funding-to-=
135-8m-for-the-week/>
 amid an uptick of venture capital investments, led primarily by VC giant (=
and=20
Coinbase backer) Andreessen Horowitz (a16z). Among last week=E2=80=99s move=
s were=20
a16z=E2=80=99s $33 million fundraise for web3 gaming studio Proof of Play a=
nd $25=20
million seed investment in web3 infrastructure startup Bastion. Mesh, a=20
=E2=80=9Cfinancial operating system=E2=80=9D that bridges traditional and t=
raditional assets,=20
also raised $22 million.

5,445=20

Number of bitcoins (worth roughly $150 million) that MicroStrategy purchase=
d=20
<https://www.theblock.co/post/252765/microstrategy-buys-5445-additional-bit=
coins-for-147-million>
 in August and September per a new SEC filing. The business intelligence=20
company, founded by longtime BTC boosterMichael Saylor,=20
<https://twitter.com/saylor> is the largest corporate holder of bitcoin wit=
h a=20
total of 158,245 BTC (about $4.1 billion).

11

Number of blockchains =E2=80=94 including Polkadot, Optimism, and Avalanche=
 =E2=80=94 that=20
Google Cloud=20
<https://cloud.google.com/blog/products/data-analytics/data-for-11-more-blo=
ckchains-in-bigquery-public-datasets>
 has added to its public analytics database BigQuery. =E2=80=9CWe=E2=80=99r=
e doing this because=20
blockchain foundations, web3 analytics firms, partners, developers, and=20
customers tell us they want a more comprehensive view across the crypto=20
landscape,=E2=80=9D Google said in an announcement.

2

Estimated number of years it will take to test a digital euro, according=20
<https://www.coindesk.com/policy/2023/09/25/digital-euro-at-least-two-years=
-away-ecbs-lagarde-says/>
 to European Central Bank (ECB) President Christine Lagarde. The ECB will=
=20
decide whether to move ahead with their central-bank digital currency pilot=
=20
project in late October after weighingconcerns=20
<https://www.coindesk.com/policy/2023/09/11/digital-euro-conspiracy-theorie=
s-privacy-concerns-put-eu-central-bankers-in-the-hot-seat/>
 from European Union members.




 TOKEN TRIVIA=20

What is Uniswap?

AA centralized exchange
BA decentralized exchange
CA decentralized autonomous organization
DEthereum=E2=80=99s next upgrade
Find the answer at the end of the email.
Learn about Uniswap=20
<https://www.coinbase.com/learn/crypto-basics/what-is-uniswap?src=3Dtokentr=
iviacta>



 NOW TRADING ON COINBASE=20

VET
VET is one of two native tokens on the VechainThor blockchain.=20
 <https://www.coinbase.com/price/vechain?bytes_new=3Dvechain>
VTHO
VTHO is one of two native tokens on the VechainThor blockchain.=20
 <https://www.coinbase.com/price/vethor-token?bytes_new=3Dvethor-token>


Trivia answer

BA decentralized exchange

 <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.

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kBogpJoGcRXPiqXo9MMSa7ll1FHMWMb3Nal8aro_rdZrsbyR" title=3D"Coinbase Bytes" =
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"><p style=3D"font-size: 20px; color: rgb(10, 11, 1); margin: 10px 0px 0px;=
"> 27/09/2023</p></td></tr></tbody></table></div><a href=3D"https://links.c=
oinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dbd2c8cc91ee4=
42d6b36ae979695c88c1&_e=3D6fBFF9BlRlVLrOYVA6UScejugWbrDEM0cGbtQqS_4_EojWXSI=
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x54pNEuNLckMaABQuOikhg5O82-Bts2O6aLagBeGkmrU6XvPW-TacSNv5A4_YauulHLbe4rEr2Y=
LCCoB0FPQ7SAJbvLFv4XEtv911dqh-ZjTYZC0yGDPgBBFB" target=3D"_blank" rel=3D"no=
opener noreferrer"><img src=3D"https://images.ctfassets.net/q5ulk4bp65r7/5z=
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00%" style=3D"display: block; width: 100%;"></a><p style=3D"margin: 16px 0p=
x 0px; line-height: 1.5; word-break: break-word; font-size: 12px; color: rg=
b(91, 97, 110);">India is among the key countries leading the world in cryp=
to adoption, according to a new annual report. [Naveed Ahmed via Unsplash]<=
/p><p style=3D"margin: 48px 0px 16px; font-size: 32px; line-height: 1.26; w=
ord-break: break-word;"><strong>What=E2=80=99s up? It=E2=80=99s Coinbase By=
tes </strong></p><p style=3D"margin: 0px; line-height: 1.6; word-break: bre=
ak-word;">There=E2=80=99s never a dull moment on the blockchain. Here=E2=80=
=99s what you need to know this week:</p><!--[if mso]><ul style=3D"line-hei=
ght:1.6;mso-line-height-alt:26px;"><![endif]--><!--[if !mso]><!-- --><ul st=
yle=3D"margin: 10px 0px; padding-left: 24px; line-height: 1.6;"><!--<![endi=
f]--><li style=3D"margin: 0px; padding: 6px 0px;"><strong>Where is crypto g=
rowing the fastest? </strong>A closer look at crypto-adoption hotspots from=
 Asia to Africa.</li><li style=3D"margin: 0px; padding: 6px 0px;"><strong>M=
ajor institutions are experimenting with =E2=80=9Ctokenization.=E2=80=9D </=
strong>We=E2=80=99re breaking down what tokenization is and why global firm=
s see so much potential.</li><li style=3D"margin: 0px; padding: 6px 0px;"><=
strong>This week in numbers. </strong>MicroStrategy=E2=80=99s latest BTC bu=
y, a16z=E2=80=99s new crypto bets, and more.</li></ul><p style=3D"margin: 0=
px; padding: 0px;"></p><!--[if !mso]><!--> <div class=3D"desktop_hide" styl=
e=3D"mso-hide:all;display:none;max-height:0;overflow:hidden;"> <table style=
=3D"width:100%;table-layout:fixed;margin:0;"> <tbody> <tr> <td style=3D"pad=
ding-top:40px;"> <a href=3D"https://comm.coinbase.com/CL0/https:%2F%2Flinks=
.coinbase.com%2Fa%2Fclick%3F_t=3D3aca56371967418192255878e9689713%26_m=3Dbd=
2c8cc91ee442d6b36ae979695c88c1%26_e=3D6fBFF9BlRlVLrOYVA6UScSSG9b3AjYG9fghCw=
A1jwUDxR_Dbx2NfRPx6nCaFPHjm-R18Ld3gWIvEuiKfSzeU9yfZN5qBZiSfyIiisaNVLC3gO4jb=
z6sy5KPmDPVEgr_84-vC1Mn78-stxFj-Nbnk0v_TSJnDqqNf4dmNoM2Cv30zxr53V66MKHBoxSm=
xIk9QyyZO_OZGD9UOiua7oYI3sJ6_APhgIcPzX-3uUNRR0SFEbgcwa3mSZGMZTKQx8jTEL7k-7R=
CI127rg89m-AWVgCslVvzcTsjV3yLXoDq1BoH1arjr3OqQYj6gn7OnAnE8Jt9JNN96T0T6Jd6CK=
A_nN8wkpaClcn5i99wSayyBFHI%253D/1/0100018ad8ed7c74-5c038db1-f24b-4e6a-a2fa-=
fba33644c3e6-000000/bGowhRTZfF2oURo7V-N9FQAHcNgjxOYjYcBBKO1_kmI=3D320" targ=
et=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody=
> <tr> <td style=3D"padding:0;vertical-align:top;"> <img src=3D"https://d15=
k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e=
-c542cff6dd6a/3aca56371967418192255878e9689713/down-arrow.png" style=3D"hei=
ght:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"1=
2" width=3D"12"/> </td> <td style=3D"padding:0;vertical-align:top;"> <div s=
tyle=3D"text-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=
=3D"margin:0;"><strong>Bitcoin</strong></p> <p style=3D"margin:8px 0px;"> =
=C2=A321,700.37 </p> <p style=3D"margin:0;font-size:12px;"> -1.18% </p> </d=
iv> </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=3Dbd2c8cc91ee442d6=
b36ae979695c88c1%26_e=3D6fBFF9BlRlVLrOYVA6UScSSG9b3AjYG9fghCwA1jwUDoPCGvkMt=
m0od1hTP6pgbcHeX8wel4uHxcYxFCuMbWChKbnsfRympt1LqmkgRdzqiJRvPq3n4FMH5bG9iwDE=
nLjCZZe3lPVm2fZkLDi73_5F9Uuz_wX1JY6IO0L69hjt4MMF0omrb1WlAmC9JEyAkbRu3MHyu5J=
nOPuIKzhLUdwbawlB5Ty35h-M6xHgiFnjiMbBjhWCHT-0Zr-1FTszp4kmEod8A-_CjtHfdMO-4d=
3kb-1fj76KY3kyFIp7xjxFvdVROr9GNKCgfb-DGkLqYDW8bVv_9k-yFtnjZuSM4ULFEqnS6P0lA=
vxjqutkuxzq8%253D/1/0100018ad8ed7c74-5c038db1-f24b-4e6a-a2fa-fba33644c3e6-0=
00000/MV5jKjcLR-VL813KeS2MI5xDGt0mDK63L1YJ2kxZVHg=3D320" target=3D"_blank" =
style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td sty=
le=3D"padding:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cl=
oudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/=
3aca56371967418192255878e9689713/up-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>Ethereum</strong></p> <p style=3D"margin:8px 0px;"> =C2=A31,316.76 </p=
> <p style=3D"margin:0;font-size:12px;"> +0.09% </p> </div> </td> </tr> </t=
body> </table> </a> </td> </tr> <tr> <td style=3D"padding-top:20px;"> <a hr=
ef=3D"https://comm.coinbase.com/CL0/https:%2F%2Flinks.coinbase.com%2Fa%2Fcl=
ick%3F_t=3D3aca56371967418192255878e9689713%26_m=3Dbd2c8cc91ee442d6b36ae979=
695c88c1%26_e=3D6fBFF9BlRlVLrOYVA6UScSSG9b3AjYG9fghCwA1jwUDTfdwjDNxrBGhf63K=
mLWdWsxUCoN-p0YmVvwNqXXEU94b3jSYf05doWZP4-QbMvFuO2T7qHc1mfn_TqJreVumoLMwlvy=
J0oZZ6JUt6IZq12vQdQVl-r5IPtqp2KmRrlJdY2YPFm4hs4IiihbdP6GGhqRlSLLRh9Y8zO1wU-=
ewpKG5FENRxFShF9sucfleR5eM2DQbqxKKWCJwwSKA1Rp1EneYUo_WXsjkUXR6ceDUDQVegSN0n=
CWx10pjGvhDkpUG0XWglKu3JzWgTiBe1NncGnHRZTRQRLxDQuj6sdqZp5ezvcCApeRndWS9RJfW=
b75Q%253D/1/0100018ad8ed7c74-5c038db1-f24b-4e6a-a2fa-fba33644c3e6-000000/C6=
8qZXbaMkVX2ADiIkUfTTY-2cZeyIuYTir5xxQR-kE=3D320" target=3D"_blank" style=3D=
"text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"pa=
dding:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront=
.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5637=
1967418192255878e9689713/down-arrow.png" style=3D"height:12px;width:12px;ma=
rgin: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:lef=
t;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>X=
RP</strong></p> <p style=3D"margin:8px 0px;"> =C2=A30.41 </p> <p style=3D"m=
argin:0;font-size:12px;"> -2.35% </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=3Dbd2c8cc91ee442d6b36ae979695c88c1%26_e=3D6fBFF9BlRl=
VLrOYVA6UScSSG9b3AjYG9fghCwA1jwUD--rKW8D2TLWSVYm92PouPJJ_8ZJKz3yHk22eHcUNsP=
jTvrt9qWdv-Cs91xMoS7Z-6U6biNn1Oq9zrFMfAqUyDS1T0bDkqWunWwULwVdJ9nf8_bnujp9Hg=
37S1eT5F12cwkbn3tXaE8pHL4iqTcAjzQOKzWQ3OfuiZSRqjPNFEfb50x7zbiGTXKkhXOkuqzyU=
ya0W6cyyqAJZq7gjVRJOvVk5UQdtEoaAyK6XWiH9NlE2kfNsmIUi3vNLOFaSOWG-tNtKPPHILzC=
ReAi-RRPUd_XjjauNQy_5TV_9E3TlimHGlPsHfsngr4cuxOMo4kfQ%253D/1/0100018ad8ed7c=
74-5c038db1-f24b-4e6a-a2fa-fba33644c3e6-000000/T_2lxTchiQcfsHqShJ8qKZhf06lW=
iXrg-GIE-NVh6CA=3D320" 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>Cardano</strong></p> <p sty=
le=3D"margin:8px 0px;"> =C2=A30.20 </p> <p style=3D"margin:0;font-size:12px=
;"> -0.49% </p> </div> </td> </tr> </tbody> </table> </a> </td> </tr> <tr> =
<td style=3D"padding-top:20px;"> <a href=3D"https://comm.coinbase.com/CL0/h=
ttps:%2F%2Flinks.coinbase.com%2Fa%2Fclick%3F_t=3D3aca56371967418192255878e9=
689713%26_m=3Dbd2c8cc91ee442d6b36ae979695c88c1%26_e=3D6fBFF9BlRlVLrOYVA6USc=
SSG9b3AjYG9fghCwA1jwUCgJS4VJcQicWAZT9Zw8AuGM8EuvtsPovPxPqx_8EckwB4hI7xwTjDw=
TPqKhzjyXhVrapb-7IYvTKUhmSlvtobJuuXvult8xqTxQXU9Z4QcShx5IscMDPmhcYxHLvSwPat=
O6sMDD2Jf-HVcJmj2Gqgk7RjiLgh4cHldl5yG3tQ4hXm6Uuixl3T4y9xzkZJqKDZiQOw4Psam1G=
yxvsoUWkaaYzEuSIA2va2AE_lJlBIWaeBrGR_NQs-2zr0TvA-JWy3_PU1SzxzEHGL5GCcBRk31e=
h8QRa8AZS5HkQtw9dVIFz0Cm8da3FYcXJRRXMUpOkw%253D/1/0100018ad8ed7c74-5c038db1=
-f24b-4e6a-a2fa-fba33644c3e6-000000/4CeVY19TzIHRR7PMRqs-Ca-gVau1fRO_DckTSOL=
jVdE=3D320" target=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"=
> <table> <tbody> <tr> <td style=3D"padding:0;vertical-align:top;"> <img sr=
c=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d571=
3-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/down-arrow.p=
ng" style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:t=
op;" height=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;vertical-ali=
gn:top;"> <div style=3D"text-align:left;margin:0px 0px 0px 10px;line-height=
:1;"> <p style=3D"margin:0;"><strong>Dogecoin</strong></p> <p style=3D"marg=
in:8px 0px;"> =C2=A30.05 </p> <p style=3D"margin:0;font-size:12px;"> -1.97%=
 </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.coin=
base.com%2Fa%2Fclick%3F_t=3D3aca56371967418192255878e9689713%26_m=3Dbd2c8cc=
91ee442d6b36ae979695c88c1%26_e=3D6fBFF9BlRlVLrOYVA6UScSSG9b3AjYG9fghCwA1jwU=
BF-E6KfF4Z1DPnhGhylJj-vculFczRNBrBbtQyYkXvgq1TnWOlULydszPUgVELwhk_Jl_u5Ep6d=
bTKAB9NrrX27EvNJl6RmeRuiEpFnvr8ZcWbL5ITPy5t6RAieyQScKq9TONHJuoHOL9CVRRN5HsG=
n7hbGxI35doFtyRqEEPPJeiaRISt-c1RNam9lyztIZNVo0n0LssKS0HkTehkdHQBLjbDXUbigjC=
M3Mj-3xroh0e5_troSkpfP24AJkdeg7WW6XH20K7Wwwk6_fq1Yys6OKByTnlfncU0x-QAB-Pk8Z=
l7kW0bhVGcyNMWnA2WCe8%253D/1/0100018ad8ed7c74-5c038db1-f24b-4e6a-a2fa-fba33=
644c3e6-000000/8xhuj_05TYTuw7zdOnx2wsBW9I4hJBtZJx0i23S7HLc=3D320" 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://d15k2d11=
r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542=
cff6dd6a/3aca56371967418192255878e9689713/down-arrow.png" style=3D"height:1=
2px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"12" wi=
dth=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"ma=
rgin:0;"><strong>Solana</strong></p> <p style=3D"margin:8px 0px;"> =C2=A315=
.71 </p> <p style=3D"margin:0;font-size:12px;"> -4.68% </p> </div> </td> </=
tr> </tbody> </table> </a> </td> </tr> </tbody> </table> </div> <!--<![endi=
f]--> <div class=3D"mobile_hide"> <table style=3D"width:100%;table-layout:f=
ixed;margin:0;"> <tbody> <tr> <td style=3D"padding-top:40px;"> <a href=3D"h=
ttps://comm.coinbase.com/CL0/https:%2F%2Flinks.coinbase.com%2Fa%2Fclick%3F_=
t=3D3aca56371967418192255878e9689713%26_m=3Dbd2c8cc91ee442d6b36ae979695c88c=
1%26_e=3D6fBFF9BlRlVLrOYVA6UScSSG9b3AjYG9fghCwA1jwUDxR_Dbx2NfRPx6nCaFPHjm-R=
18Ld3gWIvEuiKfSzeU9yfZN5qBZiSfyIiisaNVLC3gO4jbz6sy5KPmDPVEgr_84-vC1Mn78-stx=
Fj-Nbnk0v_TSJnDqqNf4dmNoM2Cv324YirWakC1y_Nm_FgZ4e_UsRYO-qzOFuZTgCVHx06Tbvi7=
Xm7VWLWgL-AG0gaY0cikVpZ2KwdgbFPg2SboUQ6atue_edQo9DusX09S-wLuhztGCiVvhUPTUwI=
9Ie6MgnSJx1DgU5RlnvK4h9t40X2agTjwWisNQAOPLPFD7P4c_K-CGH8N69leqhL1kieGjJc%25=
3D/1/0100018ad8ed7c74-5c038db1-f24b-4e6a-a2fa-fba33644c3e6-000000/OAaJDzcSF=
1ybySka8txhJtYH0B9n6424o6LGqkUraKY=3D320" target=3D"_blank" style=3D"text-d=
ecoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0=
;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/pu=
blic/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418=
192255878e9689713/down-arrow.png" style=3D"height:12px;width:12px;margin:2p=
x 0px 0px 0px;vertical-align:top;" height=3D"12" width=3D"12"/> </td> <td s=
tyle=3D"padding:0;vertical-align:top;"> <div style=3D"text-align:left;margi=
n:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Bitcoin<=
/strong></p> <p style=3D"margin:8px 0px;"> =C2=A321,700.37 </p> <p style=3D=
"margin:0;font-size:12px;"> -1.18% </p> </div> </td> </tr> </tbody> </table=
> </a> </td> <td style=3D"padding-top:40px;"> <a href=3D"https://comm.coinb=
ase.com/CL0/https:%2F%2Flinks.coinbase.com%2Fa%2Fclick%3F_t=3D3aca563719674=
18192255878e9689713%26_m=3Dbd2c8cc91ee442d6b36ae979695c88c1%26_e=3D6fBFF9Bl=
RlVLrOYVA6UScSSG9b3AjYG9fghCwA1jwUDoPCGvkMtm0od1hTP6pgbcHeX8wel4uHxcYxFCuMb=
WChKbnsfRympt1LqmkgRdzqiJRvPq3n4FMH5bG9iwDEnLjCZZe3lPVm2fZkLDi73_5F9Uuz_wX1=
JY6IO0L69hjt4MMF0omrb1WlAmC9JEyAkbLJDZ-K3DFS-r1-YgwNbLLJapDWX2OUARbbIMYYVAJ=
gCE-E4X8uhj_aFL0-TTWSDjy3y8geOmBwGCxSau8w2e3XodzMZ5P5syLoneskyFbHacc0s5AmE8=
KpaZSU_q4h8WEgdtl22QSEGbRZVeQ-ppq2wzu_g0_oYcLkfetVst7Uk%253D/1/0100018ad8ed=
7c74-5c038db1-f24b-4e6a-a2fa-fba33644c3e6-000000/_-bFkFlgNZcf6o5fZEfSOnJnvN=
ct1OZF3hNnn3ajwWc=3D320" target=3D"_blank" style=3D"text-decoration:none;co=
lor:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical-align:t=
op;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integr=
ators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713=
/up-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>Ethereum</strong></p> <p st=
yle=3D"margin:8px 0px;"> =C2=A31,316.76 </p> <p style=3D"margin:0;font-size=
:12px;"> +0.09% </p> </div> </td> </tr> </tbody> </table> </a> </td> <td st=
yle=3D"padding-top:40px;"> <a href=3D"https://comm.coinbase.com/CL0/https:%=
2F%2Flinks.coinbase.com%2Fa%2Fclick%3F_t=3D3aca56371967418192255878e9689713=
%26_m=3Dbd2c8cc91ee442d6b36ae979695c88c1%26_e=3D6fBFF9BlRlVLrOYVA6UScSSG9b3=
AjYG9fghCwA1jwUDTfdwjDNxrBGhf63KmLWdWsxUCoN-p0YmVvwNqXXEU94b3jSYf05doWZP4-Q=
bMvFuO2T7qHc1mfn_TqJreVumoLMwlvyJ0oZZ6JUt6IZq12vQdQVl-r5IPtqp2KmRrlJfM2Jov3=
CsY8xg-ionsfKcGP1BTiG1cDpTzdcpkwJVYwjyDTfp6KnItPIhdo1srCTxr2a3gPBUyW5ICDFI8=
D7m2euH4q0Up56KECJNkVWPErQF7cpZrKf62mpcErV0Y2Jw94_SJQlXq7NSFyTgPYvK_bjPoh_Y=
0_FFBfcQrIP5Pf-8THcZZDr0hs5Cdv6OHSu0%253D/1/0100018ad8ed7c74-5c038db1-f24b-=
4e6a-a2fa-fba33644c3e6-000000/MDFLyTDHIfNY-TyXPOb-kaSAN0eWLN9C80xoL6JtbfA=
=3D320" 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>XRP</strong></p> <p style=3D"margin:8px 0p=
x;"> =C2=A30.41 </p> <p style=3D"margin:0;font-size:12px;"> -2.35% </p> </d=
iv> </td> </tr> </tbody> </table> </a> </td> </tr> <tr> <td style=3D"paddin=
g-top:20px;"> <a href=3D"https://comm.coinbase.com/CL0/https:%2F%2Flinks.co=
inbase.com%2Fa%2Fclick%3F_t=3D3aca56371967418192255878e9689713%26_m=3Dbd2c8=
cc91ee442d6b36ae979695c88c1%26_e=3D6fBFF9BlRlVLrOYVA6UScSSG9b3AjYG9fghCwA1j=
wUD--rKW8D2TLWSVYm92PouPJJ_8ZJKz3yHk22eHcUNsPjTvrt9qWdv-Cs91xMoS7Z-6U6biNn1=
Oq9zrFMfAqUyDS1T0bDkqWunWwULwVdJ9nf8_bnujp9Hg37S1eT5F12fq6XVmx-Auxu-DjOCkG9=
3_vi1uCCMxhDZsxG5HR34oYYeeISXlO-26lUhbapleWL_a6AGnTH0zWTNncbNqHFAhQTVdo6B9y=
Vxxa3CTyxMxkGUbO8eMlifMtBtec-QQeKfidNylVfM5qZ1Gu_cPypTr6941mCLgxrylZ51GE0-H=
bLejC9z0_PmOWJ3T-h9oTUM%253D/1/0100018ad8ed7c74-5c038db1-f24b-4e6a-a2fa-fba=
33644c3e6-000000/jZmuqxXWHxLpgaq3P9tg64xaZlSMDYv3ZqTcd6OLCss=3D320" 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>Cardano</strong></p> <p style=3D"margin:8px 0px;"> =C2=
=A30.20 </p> <p style=3D"margin:0;font-size:12px;"> -0.49% </p> </div> </td=
> </tr> </tbody> </table> </a> </td> <td style=3D"padding-top:20px;"> <a hr=
ef=3D"https://comm.coinbase.com/CL0/https:%2F%2Flinks.coinbase.com%2Fa%2Fcl=
ick%3F_t=3D3aca56371967418192255878e9689713%26_m=3Dbd2c8cc91ee442d6b36ae979=
695c88c1%26_e=3D6fBFF9BlRlVLrOYVA6UScSSG9b3AjYG9fghCwA1jwUCgJS4VJcQicWAZT9Z=
w8AuGM8EuvtsPovPxPqx_8EckwB4hI7xwTjDwTPqKhzjyXhVrapb-7IYvTKUhmSlvtobJuuXvul=
t8xqTxQXU9Z4QcShx5IscMDPmhcYxHLvSwPatO6sMDD2Jf-HVcJmj2GqgkPUWo_GEYzPmkhvakO=
yxjqPftJTWPmO-N62qnebe5ym0dKr0MU8BHvLJJeQiAlNeePd7ALhjA4r800YI3oxUlbh5N3C-b=
2MWg3_QWZ8xm8LVDmyYGFsc87Kh_k1coL_FdkQDmCvBoNqANAN7NddBb8PRriqkWsMGhHKN3P8G=
HmgI%253D/1/0100018ad8ed7c74-5c038db1-f24b-4e6a-a2fa-fba33644c3e6-000000/uT=
sPO_uzobrLFpZn354MnitieE4cSyWhiErn5cFMaNA=3D320" target=3D"_blank" style=3D=
"text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"pa=
dding:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront=
.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5637=
1967418192255878e9689713/down-arrow.png" style=3D"height:12px;width:12px;ma=
rgin: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:lef=
t;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>D=
ogecoin</strong></p> <p style=3D"margin:8px 0px;"> =C2=A30.05 </p> <p style=
=3D"margin:0;font-size:12px;"> -1.97% </p> </div> </td> </tr> </tbody> </ta=
ble> </a> </td> <td style=3D"padding-top:20px;"> <a href=3D"https://comm.co=
inbase.com/CL0/https:%2F%2Flinks.coinbase.com%2Fa%2Fclick%3F_t=3D3aca563719=
67418192255878e9689713%26_m=3Dbd2c8cc91ee442d6b36ae979695c88c1%26_e=3D6fBFF=
9BlRlVLrOYVA6UScSSG9b3AjYG9fghCwA1jwUBF-E6KfF4Z1DPnhGhylJj-vculFczRNBrBbtQy=
YkXvgq1TnWOlULydszPUgVELwhk_Jl_u5Ep6dbTKAB9NrrX27EvNJl6RmeRuiEpFnvr8ZcWbL5I=
TPy5t6RAieyQScKq5xREEcifKssfPnC6PXEKF1RCUCeTt6-gy5oJFRZGI3ORGFWlkkmYR6-tj3t=
UWXCP_9UJXDV9yXMJkuJcKKh0bmuKIC7fNqkjCECmP7LgCFBUoX5NB8vnJr4nTOjPwy68s3K0kw=
gjMcV-rNIs7DmqvdczKKCXgQogXOUcwXCbgNTihpkst2do-Z8SWnVEPvjg%253D/1/0100018ad=
8ed7c74-5c038db1-f24b-4e6a-a2fa-fba33644c3e6-000000/Zlr7iCJz_Txb3rVdeM2zQjf=
3FW5_S_8jAOnTp6ulkKQ=3D320" target=3D"_blank" style=3D"text-decoration:none=
;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical-alig=
n:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Int=
egrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689=
713/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"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>Solana</strong></p> <p=
 style=3D"margin:8px 0px;"> =C2=A315.71 </p> <p style=3D"margin:0;font-size=
:12px;"> -4.68% </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 c=
hanges are for the past week, ending on Sep 27, 2023 at 11:00 PM UTC</p><di=
v 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"le=
ft"> <v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=3D"urn:=
schemas-microsoft-com:office:word" ses:no-track href=3D"https://links.coinb=
ase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dbd2c8cc91ee442d6=
b36ae979695c88c1&_e=3D6fBFF9BlRlVLrOYVA6UScejugWbrDEM0cGbtQqS_4_EojWXSIlT7c=
zGgMm1zqIc0z-3tNExZwjJX0Pb8nxbrmtnfCJBywpd__Vm7Hba8j8EIE4qHGkGezfw8xbZbQZCA=
hExF7YdfKbEJ3TkWkhGoQo59ScL2yfdU9cX6adgb6JAzeHVeS1ozCLTxC093t3DjZV8ru54bPby=
Kk-tebzJlkW5g71tFwaIVHfCffXosxkXYS7Z_LF3TC12_71WgxllWieuxjD6kWXlAyjsflpeNig=
P19xeusKHoE6TcVnRXJx8tzxk9jtsQ-XvnsMvn3tgD" style=3D"width:350pt;v-text-anc=
hor:middle;" arcsize=3D"17%" stroke=3D"false" fillcolor=3D"#0052ff"> <w:anc=
horlock/><v:textbox inset=3D"0,0,0,0"><center style=3D"font-family: Helveti=
ca Neue, Helvetica, Arial, sans-serif;"><![endif]--><a href=3D"https://link=
s.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dbd2c8cc91=
ee442d6b36ae979695c88c1&_e=3D6fBFF9BlRlVLrOYVA6UScejugWbrDEM0cGbtQqS_4_EojW=
XSIlT7czGgMm1zqIc0z-3tNExZwjJX0Pb8nxbrmtnfCJBywpd__Vm7Hba8j8EIE4qHGkGezfw8x=
bZbQZCAhExF7YdfKbEJ3TkWkhGoQha-ZpP-T5nc765BPxwuxJcGzAxuB4fqo61viWG8WW7CZbBd=
MpI5KnoGCHRbANWp2GfSyPd_6MhLNlVX6JeuM1In75A3hwi5Y_pTe-4PVE3c1Ly0oib8XotKJaw=
uLPZMG2DGAO3CeQ7o0Z1Y5CEnSAkKBXdX_IIvSUEmDKWMSg-m" target=3D"_blank" rel=3D=
"noopener noreferrer" style=3D"display: block; margin: 0px; line-height: 1.=
2; font-size: 16px; text-decoration: none; color: rgb(255, 255, 255); backg=
round-color: rgb(0, 82, 255); border-radius: 30px; text-align: center; padd=
ing: 18px 0px;"><strong>See the latest prices</strong></a><!--[if mso]></ce=
nter></v:textbox></v:roundrect></td></tr></table><![endif]--></div><table w=
idth=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 va=
lign=3D"top" style=3D"word-break: break-word; vertical-align: top; min-widt=
h: 100%; text-size-adjust: 100%; padding: 48px 0px;"><table border=3D"0" ce=
llpadding=3D"0" cellspacing=3D"0" width=3D"100%" align=3D"center" role=3D"p=
resentation" style=3D"table-layout: fixed; vertical-align: top; border-spac=
ing: 0px; border-collapse: collapse; border-top: 2px solid rgb(222, 224, 22=
6); width: 100%;"><tbody><tr style=3D"vertical-align: top;"><td valign=3D"t=
op" style=3D"word-break: break-word; vertical-align: top; text-size-adjust:=
 100%;"><span></span></td></tr></tbody></table></td></tr></tbody></table><d=
iv><table style=3D"margin: 0px; padding: 0px;"><tbody><tr><td style=3D"marg=
in: 0px; padding-right: 11px; vertical-align: middle;"><img src=3D"https://=
d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-b=
d7e-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;"><strong> PLANET CR=
YPTO </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>As t=
he U.S. falls behind on crypto regulation, regions from Asia to Europe are =
becoming key hubs </strong></p></div><p style=3D"margin: 16px 0px 0px; line=
-height: 1.6; word-break: break-word;">While crypto markets have been uncha=
racteristically quiet this year =E2=80=94&nbsp;with bitcoin volatility touc=
hing <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563719674181922=
55878e9689713&_m=3Dbd2c8cc91ee442d6b36ae979695c88c1&_e=3D6fBFF9BlRlVLrOYVA6=
UScRsSyjjEOBawAT71eEpdOS3V24-S2VYw_-qsMpF08IeKLbOKUE5EiRpUm5n6A4-xLrEZmGUlW=
2s2l2ebIrlhlU_JMzDtZr6qjbj7Sgjy6uD29CSpCryzhYZkqqWf-aRCQoqF8GZJwvYfQ9sBXAvz=
pJ4til8rzjkU_ZxMCJk26xwIypoP4Hx1m2pZN8Yd9kQtBiJ5RHxrddTylgcc5_TqqovRf-FrhcD=
oi7_oNLol_jf_xrxzO9CLxtM7bQIs_2KF_D6oPOYQQIulMQOT1Zf_v7RAxwBS_xolDYWXI72fHt=
eA6zXCkeWSYNaGy2chCaJJprYpARjDSMw6LLshQtRpyGhFbUZ-JVO3lM5thjaQnnE5XzqVGD5YA=
LC6b9G2t5w5FujHFVC_pgfEsMqMvOgevrM%3D" target=3D"_blank" rel=3D"noopener no=
referrer">historic lows</a>&nbsp;=E2=80=94 crypto adoption around the world=
 has continued to ramp up in ways that go way beyond just buying and sellin=
g tokens. Powered by various combinations of institutional adoption, runawa=
y inflation, popular peer-to-peer protocols, and business-friendly environm=
ents, new crypto hubs =E2=80=94&nbsp;and use-cases =E2=80=94 have been emer=
ging all over the world.</p><p style=3D"margin: 16px 0px 0px; line-height: =
1.6; word-break: break-word;">Here=E2=80=99s a quick tour of some of crypto=
=E2=80=99s global hot spots:</p><p style=3D"margin: 16px 0px 0px; line-heig=
ht: 1.6; word-break: break-word;"><strong>Asia is quickly becoming the most=
 important region in the world for crypto adoption.&nbsp;</strong></p><p st=
yle=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;">The=
 biggest and most populous continent in the world also sees the most crypto=
 activity. According to <a href=3D"https://links.coinbase.com/u/click?_t=3D=
3aca56371967418192255878e9689713&_m=3Dbd2c8cc91ee442d6b36ae979695c88c1&_e=
=3D6fBFF9BlRlVLrOYVA6UScc0BT2OTvgF38QCj2i5TTAagj6gRrw_w8UKscH4oDsQeBuGGSRlg=
xXbV7_ml0M3ANhHgYYjA5cGOgEW-XeuqF7M9qBfXVslsB2Zo1uj4Xz8yQqV-NVEX28KFCZfKM1z=
4EHk7SxZ-UlZ8higIAflVthdgoST51Rsz3agNCNqyPmTy5MAVpNupilCUDoJdx8syxZAMiVhjG-=
-TNd9G7CsYmsZpYQzAO29sd4oxfFEaefDliJ15wbHse-0lqWvQLBcfzz_b55cpB32IcuoHegNDg=
P9_aTtEJHbj0_wouGXkHCDzWqSNgkUzGsfRnzJ4Vla9mL2jsstgJh_jEy1yrhHuQcfHhNdSWJEg=
CR1ZFVxmE0H-" target=3D"_blank" rel=3D"noopener noreferrer">a new excerpt f=
rom Chainanalysis=E2=80=99s 2023 Global Crypto Adoption Index</a> (the full=
 report will be out in October), six of the ten countries leading in grassr=
oots crypto adoption are in Asia: India, Vietnam, the Philippines, Indonesi=
a, Pakistan, and Thailand.&nbsp;</p><p style=3D"margin: 16px 0px 0px; line-=
height: 1.6; word-break: break-word;">India, <a href=3D"https://links.coinb=
ase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dbd2c8cc91ee442d6=
b36ae979695c88c1&_e=3D6fBFF9BlRlVLrOYVA6USccs44iqGs69cAJpAQfBR1PsDmrXH5LRaV=
km1zqG4fd9i5ObAoex3Qb24k02ffsgN21wasSlKPfHVjbSVQ7bdc2-fc7CuF1gj99cKvyOFY31D=
bgqOigi5ci4TWfTMH3uciS09G4-0MJ6k38iK7u8YyKKv-heiamynmwxL48eiN1KwolY9uX_NK6Y=
s055y0GPIsohZssnQUAKP6Iy3Ajwa1gIdXqlJWdwYhagXgc_zzrCyNa3Ltk4dgQjCaNl82h-Hb3=
-UywA--w20HDNaCfecRs5F4Qm1Lmy3o4JGGD7dqbVZPVXafOUfh9I1ttfjpoWmz4C4Z53RpI5oQ=
RHJ37zivKcPl1yV5Rw8WuSQiCvtVw0C" target=3D"_blank" rel=3D"noopener noreferr=
er">which tops the list</a>, is the second-largest crypto market in the wor=
ld by =E2=80=9Craw estimated transaction volume,=E2=80=9D and is in the top=
 five in when it comes to using lending protocols and smart contracts. In T=
hailand, where an estimated <a href=3D"https://links.coinbase.com/u/click?_=
t=3D3aca56371967418192255878e9689713&_m=3Dbd2c8cc91ee442d6b36ae979695c88c1&=
_e=3D6fBFF9BlRlVLrOYVA6UScUuUGk90uOG9QpLF50ZJ7KsO08wzV_FJiwfg6yGvoDSizFg73t=
9A1zUhmdLYPl85LRYegGnAhld2ofgzi6kgkywkeT7T01rMC3pHcJVXyJ9TFARgtcgEqkKrJlqNk=
zt6XuxZnTg6PmlERRR8psBDETY0CT72-xs_8efGCBC7O1VmarbgTfvSxbLJi7t82agx0Du_gHO-=
yxvz7KeUKjxX_5C9B9elqD5tVKZX3tOkRcfywmW8jT4CO4CB_FB7GqxtkozEA7-VnPMOS41eSio=
SdKtCDsS9_S-vXDSCQqdTXruvj-brn3p5avq7GS4SFW5AQmfSxb8moMYRwnwzNqPj4Cib2QevCJ=
Q0JGWQJSQzRoJbJzfG7WznHRsbcKLE18IqBw%3D%3D" target=3D"_blank" rel=3D"noopen=
er noreferrer">12%</a> of the population own crypto, the government <a href=
=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e968971=
3&_m=3Dbd2c8cc91ee442d6b36ae979695c88c1&_e=3D6fBFF9BlRlVLrOYVA6UScWq7ushqbV=
TpoUZ0AlOQTqU2a3howLjlVJQy8ufietBw5N5SpDRa7zoXU4RNMIlwhvi54n-MEOi3sIf9NE3Rc=
HYS89rMzWlI8ID-F04fs5iOARG8o5EVjLlF_QLlX3zHmaQbEMsKWH5dazOVsVCXy9wbN-fLJxrw=
jKhzSZJKmgCmpeGlCGEwsrH_aujZP4p4BPhuO2fViZ6-9Yo7z5Cz-vlsdzWmHKx1GmNnLB52NJq=
z0FJT65xxvFNuPP2sqz3RxGL1QL3dUZ34fm3-M8NYPN8cM0iJK4q1K_pkV6LDiyFKiOwuwbyEiD=
zSBNEVCoV87uJUZDu-xRJ6dAGoArImIBVgPhylhSHnW0_hgNcYrAYEj0ylXX19PRoMCVUfz6tyV=
w%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">just announced</a> a=
n airdrop worth around $280 to citizens using blockchain technology and dig=
ital wallets. And in South Korea, which has among the <a href=3D"https://li=
nks.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dbd2c8cc=
91ee442d6b36ae979695c88c1&_e=3D6fBFF9BlRlVLrOYVA6UScWmfbc3I1Swqu5Ck-nND13z5=
DQU-bGl079Wh-cPMBJkpWZhSsNopOUIoRmglTFdgnDzCPaFtq-SFtMyRXsOlt5GDPX3YrT1V7wg=
fYw7C1bClpCMXbMyguNYGPJAtxdI_6YRATjIhp1GbiDOupcVY8LkC3_zC2Rrb6HpK4On0UJkYUV=
pQYVdEBVmCbE_X1Z3jeAx-lXhJpWmXF3av996RvAe4w2ZXl3FB5eEFNLFDOqzH5eYMmDdviYQ-J=
I9jsb3pWPUBYl9H3Ung9p-aR2VwcHlq43UoC9Ou8LB6Epn6yr4_ALMZ2zdlRkeFWJty4SHwJrAR=
kAeCUjU76kTgrdUuga3tJjYeHZW0g8vU-vytgSYqML-AzbuZISkKLFswKCZjQu4yAs6RwChh6Rb=
D3fhtHR41fMNQkPEYRytzhDp5-OwEae-ZeoPTlRc0JO3LJluwVQ%3D%3D" target=3D"_blank=
" rel=3D"noopener noreferrer">most comprehensive</a> crypto regulations glo=
bally, blockchain gaming is <a href=3D"https://links.coinbase.com/u/click?_=
t=3D3aca56371967418192255878e9689713&_m=3Dbd2c8cc91ee442d6b36ae979695c88c1&=
_e=3D6fBFF9BlRlVLrOYVA6UScRlPmfp3tLUMGLHOG1q0azopn0Jipzf96qtFDJpPnuqAumV4Cg=
uU9gdD0iJbLb8ef1VbwHKHjwsj20uO5ZB7uToqd-IiPnd1GG25DeupsM40kvJ2ouQKKGSyLOcox=
7-HSfDeulHcs14L0URAg0oW9TL1xu3lI11NfydwE-q6cM6I7l0GYr2DWu7vy14V7QsLyZZY27y2=
nUYsSZmPbeVUCv_kPRYlwmYsu8ZIURsNwLhbOMdazEQ0PhU_iLGQyYIXVAtBZq2-xl9C1jZSagF=
cLBZ23mXYRkuZ71ORjAcM8bwJ_VfQdg_Rj5o7Sjde42L06lVVtmPJiP17rUWwr5UR41yFwh87qd=
f2wfzPD-IEoZqobdC9IQ-h22u8nFDvpj_Fvg%3D%3D" target=3D"_blank" rel=3D"noopen=
er noreferrer">emerging as a major industry</a>.&nbsp;</p><p style=3D"margi=
n: 16px 0px 0px; line-height: 1.6; word-break: break-word;"><strong>Europe =
is eclipsing the U.S. in crypto regulation, and drawing investors because o=
f it.</strong></p><p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-=
break: break-word;">As Europe prepares for next year=E2=80=99s implementati=
on of the landmark Markets in Crypto-Assets Regulation (MiCA) legislation, =
a new report finds that investors increasingly believe Europe is a more cry=
pto-friendly market than the U.S. According to CoinShares, <a href=3D"https=
://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dbd=
2c8cc91ee442d6b36ae979695c88c1&_e=3D6fBFF9BlRlVLrOYVA6UScfPp0Cm4scTK_7ve0kL=
i8S8f2SJQrwIrIVTWYJNI3BGoiUbDCDl0VfWX4v9asJ95LeKw8v39IjfD7P9k2JhBZTpeAn06-Q=
D7y7N5cLq5P9mlcUrICQoHqasSSTLuYO6CBsKAoMdmaVUhC6Rl9tfDiHS2W3FSPaGJhavbiF-Xi=
a5462ixnc18PX4zRpZUEmlM4rm4BETukrJUSQbXwQ56vzIulRyPNJv5fuD6VsQ2PwpoHQ0rZmPG=
vt3FG1HZ0ezeCdPisgFWY-avJdqO6-7GrEuddtjn-yNIIW51NsjrZVxNp1PwHfXFPuGRM5KTZnz=
YC4ZZPoC_PUEJCkDrbFbBba_l1Ys0QFfZ_LY_GIfxavOOwCV6SEyo1_XQzwXKWnUHNQ%3D%3D" =
target=3D"_blank" rel=3D"noopener noreferrer">regulatory differences</a> ha=
ve resulted in divergent investor behavior: Just last week investors pulled=
 around $14 million out of U.S. crypto investment products at the same time=
 that European crypto products saw around $16 million of <i>inflows</i>.&nb=
sp;</p><p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: brea=
k-word;">The growing regulatory framework in Europe has also led to <a href=
=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e968971=
3&_m=3Dbd2c8cc91ee442d6b36ae979695c88c1&_e=3D6fBFF9BlRlVLrOYVA6UScfDWsibw7b=
_iLcMBXriFYBaGy2KX4Z6pst7lcG65Li3Rjo8xEINyVS0mNKcoFb5oG8iajHahz1Qh6RqqiOm5V=
wkQiuA739k2fQlgd1P-AhOZqSuSXlOkrZGCeZGpnrIq-K6blN5qsqx1il2Qp9PD4t1vrmO7oDx2=
4vi4jPJMzvs940CpgE9pbKfxm2rdctX5LZfPQeIu8R0ZzILDnRfFBtzliFSwxBBIhkUp_pB3T65=
333bxWdOsT7j7klf_ESPiL-fE2UxHFuMapmEnGBp789T7z0Eadv02rbI-AJgNT4Qx5WEPyibexy=
sLFqZtkEhkUSkL-bk6B1ec0-ZnPTP0IXgoEqlZvLXEG2_nA39as-971hl4kgaZ3DQJlrl1T4tXq=
r118A29Q5-6CdO6BuCTicM%3D" target=3D"_blank" rel=3D"noopener noreferrer">la=
st month=E2=80=99s launch</a> of the region=E2=80=99s first =E2=80=9Cspot=
=E2=80=9D bitcoin exchange-traded fund (ETF) in Amsterdam. Meanwhile, at le=
ast ten major U.S.-based firms including BlackRock are still waiting for th=
e SEC to weigh in on their applications for similar products.&nbsp;</p><p s=
tyle=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;">Cr=
ypto industry leaders have also repeatedly expressed a desire to expand int=
o Europe due to the regulatory structure. =E2=80=9CThe European market dema=
nd that we=E2=80=99re seeing, combined with the regulatory framework establ=
ished by MiCA, is robust,=E2=80=9D <a href=3D"https://links.coinbase.com/u/=
click?_t=3D3aca56371967418192255878e9689713&_m=3Dbd2c8cc91ee442d6b36ae97969=
5c88c1&_e=3D6fBFF9BlRlVLrOYVA6UScUWj_h72mzi89qI2LWl89UpZoIbxBReB5wahiiFp7C3=
fLSK2JSPz2VsOlp3GDgz3lhuirea_d5AzkKTcWOd5eojG77Tj0YMJa9b-gTM-z89lu4vGk2aUFn=
zXjGjGR7G9qVO2t7N1cL05rEGXGIBj6ERAGlPz-Lucl9lrfIR7L-1STpnPT4xQyg5LJjiGX_o9t=
cyeXRajt3B_lO2mw-VZbGCDUT46W7b0n5RngoKbH5GAxqdZR6sh1voVZefimLZMIYUR0zTDsz2d=
5alszLRumc3l4vvl4f7Ux-SJdF-BjMJTuMLn5afPr7sf-FFX7RhRm-5BXh60u1ydlmCvljriVe8=
G8IlHUmyXeNJRXtvB2Gvf" target=3D"_blank" rel=3D"noopener noreferrer">said</=
a> Leon Marshall, the new head of Galaxy Digital=E2=80=99s Europe division.=
 =E2=80=9CThat makes Europe a desirable destination for crypto firms to bui=
ld and grow.=E2=80=9D</p><p style=3D"margin: 16px 0px 0px; line-height: 1.6=
; word-break: break-word;"><strong>Crypto adoption is especially crucial in=
 Sub-Saharan Africa.</strong></p><p style=3D"margin: 16px 0px 0px; line-hei=
ght: 1.6; word-break: break-word;">While sub-Saharan Africa is the world=E2=
=80=99s smallest crypto economy by <a href=3D"https://links.coinbase.com/u/=
click?_t=3D3aca56371967418192255878e9689713&_m=3Dbd2c8cc91ee442d6b36ae97969=
5c88c1&_e=3D6fBFF9BlRlVLrOYVA6UScc0BT2OTvgF38QCj2i5TTAbgsfn99vMYzOxH4Rnl1Ws=
OJ7Jzb6TNpXcYmYBHuzMmJq2JIbfm74q8HIa2a2RUiu5SVAgRnHP4EXZPu26X2R5S_Nn-nFivNb=
DjtnmDMt3ruT7_1PHJ1Oz9BGjVmC-rZbJaW1mbqudSB0Z_l1rPrMCt39n9dnKOWQfwSwjRuzlXy=
MbT1yNbaIZoJMHlYVjpFc49ZvJmS1TO73kzIAK9j6iFTkTIJ4Dv3YWa9HhIXCQpHzs-26eFIFep=
OFRC_CYb78TV3Q6c6fjsVM7BRQR7Q3KNiZ6BrbmnLqRUi4zSzM-9xcHlOVv299M_JEx4LPqnbRv=
SLluSg5oX7NT4z_fdtsfT" target=3D"_blank" rel=3D"noopener noreferrer">transa=
ction volume</a>, it=E2=80=99s a region where residents are <a href=3D"http=
s://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Db=
d2c8cc91ee442d6b36ae979695c88c1&_e=3D6fBFF9BlRlVLrOYVA6USca72ZYYQrPPPe7RoJj=
qROOccEZN1oj60Uz5vlVBiTcQjb3GC6UmBUZeWppCbhYL2HWlABQ7WM6u97IA40fmTd_gbaP0QP=
PigrUqeV40yUpj4EY7Y3TXIW2pey-_dOkOGP8PXI5OsiD-5ClCfeF3EoVe-0N2JUU89B5VGG_F-=
uI0iHxANSpJl7xkSLw8SA_-hO2u_vR2fCN4GJafUxQwSSmCUp70ZL7__d2LS6E6s7Yr31I2XogQ=
oDkecbaYV5Sr0Ae08cQCDQE3eamRmFuub0mmSx6PziRke28oZsU7BwXeZyO9Nfyqf87fapfWK6a=
3KWNJFDEBHZlsyTEEm1RPJDl1KCmt23_07k_wQl7Tv6gRVZuW8DTDtyRctY__eudmS5A%3D%3D"=
 target=3D"_blank" rel=3D"noopener noreferrer">especially reliant on crypto=
</a> for everyday activities. With many countries battling rising inflation=
 and weakening currencies, bitcoin has become an economic lifeline. Nearly =
10% of the region=E2=80=99s crypto transactions are in bitcoin, the highest=
 rate in the world =E2=80=94&nbsp;and residents are also increasingly using=
 stablecoins.&nbsp;</p><p style=3D"margin: 16px 0px 0px; line-height: 1.6; =
word-break: break-word;">In Nigeria, where the government has tried to crac=
k down on crypto repeatedly, <a href=3D"https://links.coinbase.com/u/click?=
_t=3D3aca56371967418192255878e9689713&_m=3Dbd2c8cc91ee442d6b36ae979695c88c1=
&_e=3D6fBFF9BlRlVLrOYVA6UScZlBP1oyNdSOL_4LYuAAV3lHut_SmYkPdVYG4izMtc2lYKi8L=
2IVbfE9V6BbdftakQCRstTPUZZPhFo7RjENI6c1G7DofWpkClA72juWFTG3xuP-Bcqn5AAYZvNn=
f-Ztt1116v9aIH7nTb72LtrnwgvKAE7e1Szm2vPCJtDwEjXJ-_COhwXf8bQiOBXcyq71qWkYUB6=
rzELxcLYELOXaE901U4tjhubogbQ1faG8f3-pXJcSQkIvM44x0sJ-U48rTe9yL-VoJUjTLO_WOs=
l8BBOsspuTmuAnu8a7KevKmr85tudyfyZlnqanYnuq9JGTfBVSIm_nKQS4BIv4CyOQKQAkYqFno=
KwkSZAqJZkfBwqq3WpoekfVRI-uRDJDIA4kh75w4pMkkZ9YA0Aj8Nrfbezr1pxmi0Kz1z8LTZ29=
7oqNp0pQ9n1vhs-ORWa8IN0pwoQb9VtgrxUciZwvhxPzdWI%3D" target=3D"_blank" rel=
=3D"noopener noreferrer">crypto transaction volume increased</a> 9% to $56.=
7 billion between July 2022 and June 2023, making it one of just six countr=
ies in the top 50 to see a rise in usage. Uganda also saw significant growt=
h, with transaction volume rising 245% to $1.6 billion.</p><p style=3D"marg=
in: 16px 0px 0px; line-height: 1.6; word-break: break-word;"><strong>The bo=
ttom line=E2=80=A6 </strong>&nbsp;</p><p style=3D"margin: 16px 0px 0px; lin=
e-height: 1.6; word-break: break-word;">Crypto is famously borderless, but =
the individuals and companies that power the industry have to be based some=
where =E2=80=94&nbsp;and the regions and nations that have clearly defined =
the rules of the road are in better positions to attract the crypto industr=
y. With 83% (and counting) of major financial hubs <a href=3D"https://links=
.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dbd2c8cc91e=
e442d6b36ae979695c88c1&_e=3D6fBFF9BlRlVLrOYVA6UScejugWbrDEM0cGbtQqS_4_ESjnP=
S-sb7u6-S9If9yCr9Aa2u1KdF4mlbtGJWb0Jsp5r2wTz9fD_JYk3tN_-uhIkyT3-ZKNMnfd7dpO=
doughQzM4xen2_vxOu0R9i2OD3_lmG2OnRKlQ5hG5_vhmfviQR8ezALg06GBvHDUhc7zmqSWKkM=
bkemAVP4xK_7PvpzeGU4J0rA0SWDyjKM9BCDlmQMmjNGi7r7luproxM3qV4ugnEvvBqFsScfHp_=
Mpu1rslqzNYbhV2a0mk2OJ67hWWEkwgtqNVAso3LhLbWMb4jI09mRLNEQsdGFJOlBTduqNrmpCg=
khndHz9Fjjqk9w_1weirl2Zgig9NMq9u4ducVX8k0K59fqaKEVMg0Uena_XipNASoymWOzaevIy=
Vm-BE%3D" target=3D"_blank" rel=3D"noopener noreferrer">already moving towa=
rd regulatory clarity for crypto,</a> U.S. policymakers have some major cat=
ching up to do if they want America to host, and benefit from, the next wav=
e of crypto innovation.</p><div class=3D"cta_button" style=3D"margin: 24px =
0px 0px; padding: 0px; width: 50%;"><!--[if mso]><table width=3D"100%" cell=
padding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"border-spacing:0;bord=
er-collapse:collapse;mso-table-lspace:0pt;mso-table-rspace:0pt;"><tr><td st=
yle=3D"padding:0;" align=3D"left"> <v:roundrect xmlns:v=3D"urn:schemas-micr=
osoft-com:vml" xmlns:w=3D"urn:schemas-microsoft-com:office:word" ses:no-tra=
ck href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878=
e9689713&_m=3Dbd2c8cc91ee442d6b36ae979695c88c1&_e=3D6fBFF9BlRlVLrOYVA6UScTx=
tKnF6D_WbbA2stGcwVwBTBuI1YEPWrXRUz_6Hfil-4Ee1VNHPTPdNevfwF-m2DLbJ168WqSzXnd=
n5-X6BQPnSNdOB9JrYfV9yI9SmF7MrlQBIxwFHNxvruesouOWfl6vbWltA-VRjPzVlyCjmYnwUs=
vSnG4ia_v9fkUKKrimtRKSMFv_NOkaTwsCxhWZlKvU3eetuqmC23Q8Mys4iNcCHFkpCpgoEkrp3=
VHpf521ZuYYUGwzfxWSAO-tpjjdqy1cpjNp0Y5GeiSJkcjQN-ZYcGG6v-gst0kJYwSffJ8NyqLH=
q4bBLoY00eys8HGzFEw%3D%3D" style=3D"width:350pt;v-text-anchor:middle;" arcs=
ize=3D"17%" stroke=3D"false" fillcolor=3D"#0052ff"> <w:anchorlock/><v:textb=
ox inset=3D"0,0,0,0"><center style=3D"font-family: Helvetica Neue, Helvetic=
a, Arial, sans-serif;"><![endif]--><a href=3D"https://links.coinbase.com/u/=
click?_t=3D3aca56371967418192255878e9689713&_m=3Dbd2c8cc91ee442d6b36ae97969=
5c88c1&_e=3D6fBFF9BlRlVLrOYVA6UScTxtKnF6D_WbbA2stGcwVwBTBuI1YEPWrXRUz_6Hfil=
-4Ee1VNHPTPdNevfwF-m2DLbJ168WqSzXndn5-X6BQPnSNdOB9JrYfV9yI9SmF7MrlQBIxwFHNx=
vruesouOWfl2dpkI4xM5t5L0Wwv8h71QJsgKdxhgTCWHfgNc3gcl8b0Qh5BMLJXqcxh2FxpoWbX=
9DoHxv4d1hMT1V8nJVrggrC-Kj5RxSQ5YqvNd8YSupUnPcP1Ga6uL8AmtQTRxpX7QIhjzuL1701=
RsDwYvBM7fNmWnkj8ksCDQxSby89R5gD34rQ2Ho7LWX6vadoGYntHw%3D%3D" target=3D"_bl=
ank" rel=3D"noopener noreferrer" style=3D"display: block; margin: 0px; line=
-height: 1.2; font-size: 16px; text-decoration: none; color: rgb(255, 255, =
255); background-color: rgb(0, 82, 255); border-radius: 30px; text-align: c=
enter; padding: 18px 0px;"><strong>Advocate for crypto</strong></a><!--[if =
mso]></center></v:textbox></v:roundrect></td></tr></table><![endif]--></div=
><a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196741819225587=
8e9689713&_m=3Dbd2c8cc91ee442d6b36ae979695c88c1&_e=3D6fBFF9BlRlVLrOYVA6USce=
jugWbrDEM0cGbtQqS_4_HzAwGVv0tFkJMNC7HoGAH3qzwddekiDjHh8Lh8ixR6e--xTQhy6qQG_=
78-a1koXzD47tO3RcZdABhiP51-teokg-6N2IncmMI4dmtiaie2KrVg6PuxWkwBTOnxnZa7xxmX=
sn1aGEbAWBnwRkQv87W9deiXB8PaZ_rLw_o9R8zur-fi0Wp24Yf47-bWY8J_MpCjNWvHcbq2TQ1=
-HrSPLXCYFOLLlSn8Xdsl3UlOBJnX_4JP3RK7eOL4AND412yXr1hqNg3iJo8OJ5tqyT3bb6fkqU=
iroMKCCq9waORZBJY-7g%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer"><=
!--[if !mso]><!-- --><div class=3D"desktop_hide" style=3D"display: none; ma=
x-height: 0px; overflow: hidden;"><img src=3D"https://images.ctfassets.net/=
q5ulk4bp65r7/1Dn5HJqvZMyq3r0o39KA2k/ec2018a85783b993cc53520195089f95/coinba=
seisdifferent_650x488px_grey__1_.jpg" width=3D"100%" style=3D"display: bloc=
k; width: 100%; margin: 64px 0px;"></div><!--<![endif]--><div class=3D"mobi=
le_hide"><img src=3D"https://images.ctfassets.net/q5ulk4bp65r7/4nRcu1gCrTl2=
Eno6DC1aqn/c9bb11ecadba3accfc148f24c092b332/coinbaseisdifferent_1060x408px_=
grey__1_.jpg" width=3D"100%" style=3D"display: block; width: 100%; margin: =
64px 0px;"></div></a><div><table style=3D"margin: 0px; padding: 0px;"><tbod=
y><tr><td style=3D"margin: 0px; padding-right: 11px; vertical-align: middle=
;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrato=
rs/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/do=
t-1.5x.png" width=3D"12" height=3D"12" style=3D"display: block; width: 12px=
; height: 12px;"></td><td style=3D"margin: 0px; padding: 0px; vertical-alig=
n: middle;"><p style=3D"margin: 0px; font-size: 16px; letter-spacing: 0.075=
em;"><strong> VIRTUAL REALTY </strong></p></td></tr></tbody></table><p styl=
e=3D"margin: 5px 0px 0px; font-size: 32px; line-height: 1.26; word-break: b=
reak-word;"><strong>The multi trillion-dollar opportunity global firms see =
in =E2=80=9Ctokenizing=E2=80=9D real-world assets</strong></p></div><p styl=
e=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;">In th=
e last few years, new crypto-powered technologies have enabled everything f=
rom automatic royalty payments and fractional ownership to 24-hour peer-to-=
peer markets and much more. Now, many in crypto and on Wall Street see the =
tokenization of real-world assets =E2=80=94 where ownership of things like =
real estate, art, stocks, or many other asset classes can be represented as=
 <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196741819225587=
8e9689713&_m=3Dbd2c8cc91ee442d6b36ae979695c88c1&_e=3D6fBFF9BlRlVLrOYVA6USce=
jugWbrDEM0cGbtQqS_4_F4vQ4CCLvHzt2DQOzwGwUtdok1HNwUl5o0Id_fF_1B-GYpul_CUIPzo=
1t3Y8ag5m0lIACtz-tE17Wx-cE0_I3F8Fdn8Ahd88scTlvaRih3MSjhroYcSuXQ5fy__6K989-Y=
MKStD81qIOT7sL5cdikbGnz-1O84MUEf6agWtWSEDdEhvsL4ag1fpCeIBK3tSiSpOggoZjTZUUD=
3CvULtPkxcxOGMETkAtRjYVAixG5oYfhO_f7ngWpt6uCj3IdAlCfa1rVcx9B_QlushUXEaHtqvt=
AFfkaRq42SBbd3AmxKWB0PuATJUqjGJwoeCZ9TKRxA82ro5QEf-jnDWFNxdxAR" target=3D"_=
blank" rel=3D"noopener noreferrer">a token</a> on a blockchain&nbsp;=E2=80=
=94&nbsp;as a multi-trillion dollar opportunity. According to <a href=3D"ht=
tps://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=
=3Dbd2c8cc91ee442d6b36ae979695c88c1&_e=3D6fBFF9BlRlVLrOYVA6UScfDWsibw7b_iLc=
MBXriFYBbYjOVbDPMf_eo6-qKDxXzoe62W-1iJVeGVFoEfiLZ2o3jKKv9kYObe1mytoEKwj4DQG=
YaJD8WSIgS-UCT0APZ4a5nt9D3LtkqtmrJQIgHTo9XQ9v_1Ncv5xRTpx4cUB053ga6INQuJCX5G=
i6cXZZXgQNjpCTiVn3JT0BCcU92_pK0IBKinSudAf7NWp_7TE34aWg1ZAxvURHyMgUeII1OUhtr=
eokogglrAy4VvPWElN-1xN7wMJS2DOeZ-UG9epJ0JGkYsxpDfrEMYwkt445zMRVzku4WQ6_HvQu=
EbRlDO5zNS_atthRoWcrAk7Ie7RQWzfNHNTBNtEy3sn9Aw4gWnXfTGYYcfCh9E8QrZK1WhbGDga=
LQpO9JrbOygOjixb-5G-GMa_7eRiP6dym7lWUgzsLDT__OHzGqWAEyNmNTS_2zYoVyZBkyj1rW6=
oXgrB4s%3D" target=3D"_blank" rel=3D"noopener noreferrer">a recent CoinDesk=
 report</a>, a thesis has emerged that =E2=80=9Cthe tokenization of real wo=
rld assets (RWA) will form the backbone of the next bull run and unlock the=
 transfer of trillions of dollars of value into crypto.=E2=80=9D&nbsp;</p><=
p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;"=
></p><p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break-=
word;">Here=E2=80=99s what you need to know:</p><!--[if mso]><ul style=3D"l=
ine-height:1.6;mso-line-height-alt:26px;"><![endif]--><!--[if !mso]><!-- --=
><ul style=3D"margin: 10px 0px 0px; padding-left: 24px; line-height: 1.6;">=
<!--<![endif]--><li style=3D"margin: 0px; padding: 6px 0px;"><strong>Tokeni=
zing real-world assets is conceptually similar to </strong><a href=3D"https=
://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dbd=
2c8cc91ee442d6b36ae979695c88c1&_e=3D6fBFF9BlRlVLrOYVA6UScejugWbrDEM0cGbtQqS=
_4_F4vQ4CCLvHzt2DQOzwGwUtE_sL7WAOv5n9XVoXT-QsAMMKtj5SUEwBIoIcHlFjIx3UMqSx0b=
wB6BZLxgRA5gdRVbcegF-m_ngrByDFZ0R2yQD20LnEAeAHuXiGoQHcc0GVioz_dueFcU8Dm33RV=
uiPCNK80wcPIukTVQ4y-GaghAwrUI5g8Lqodv5wsg8sGaGXHAaW2i4mq7TLPW4TprUoUK_dRd8j=
Yd0x8hipUb0r0ZmGbCTMhO387H3hmAhnVUo1erTUQdupl_1tgB_VPY4-Zp9y6455MAJDCVjkJIX=
zeRJh21m0U8snlg-eoTFLKCqP_RGcO6X2EeWeLZGQsTzY" target=3D"_blank" rel=3D"noo=
pener noreferrer"><strong>stablecoins</strong></a><strong> (digital currenc=
ies pegged to stable assets like a dollar), but expanded to include a much =
wider range of asset classes.</strong> An investor with limited capital cou=
ld purchase a tiny fractional share of an office building, for instance, or=
 a blue-chip artwork. As <a href=3D"https://links.coinbase.com/u/click?_t=
=3D3aca56371967418192255878e9689713&_m=3Dbd2c8cc91ee442d6b36ae979695c88c1&_=
e=3D6fBFF9BlRlVLrOYVA6UScej-rHpuI8oCnE3Zys03gKDpwYmbOD1iGUA_KaSaBWg_bf5GEwg=
W18Akl2NJQik0l9jYxV1S_Sz5gaEj5i7njbkY1zL3MfPmQfQEpj1_Lgxcpnj18oyVnUW32W7EY_=
3SjHQI8Si3QvCBQNIZ4rYoyKKTH6hYlWG2-WdVas91UCjx6j17ZfZknVgwWiNPKn6_oYmvdiCrH=
iYcV8_P-vwMvYBgoL47p3j9P-lfOTyvskxyWyuBUq5xo4ntlC9FgQsVMKq3rNnDH2ClXSXwhLXV=
PRM8UtoYxQqB1BouLgOeZPCPeLMWaz9N2h8yB1fkgsOG_coAtA4ACVB29vucglIjfvV_lZzHSx8=
SgiwjXXj1SvaTBUxfIJtVr1AT0ZOHaghnkmUWUBJDFipl6CkNzx3CXl8%3D" target=3D"_bla=
nk" rel=3D"noopener noreferrer">a new report</a> from the Federal Reserve n=
otes, =E2=80=9CAmong the benefits of tokenization, lowering barriers to ent=
ry into otherwise inaccessible markets and improving the liquidity of such =
markets are the most prominent.=E2=80=9D</li><li style=3D"margin: 0px; padd=
ing: 6px 0px;"><strong>Last week, Citi </strong><a href=3D"https://links.co=
inbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dbd2c8cc91ee44=
2d6b36ae979695c88c1&_e=3D6fBFF9BlRlVLrOYVA6UScejugWbrDEM0cGbtQqS_4_EHxgekqH=
b2uUoB6yts605DuF_JVP4xgL3NJYoE679wl4AT693Q0zMf1c6MGFuNKKR6c5__KZr1_yJIMpNQE=
8x2RY7AuKpZT7iQhX3ws04_gn5Sspd8OrOSH4GkBpFGmOIv6IdJBmdsVGa96dUQlAqLZN20PnDs=
ZawG7ueDNa2PRs3qa30x3H3OZuFQavb_UXaNZqA9gJkTluIlFKEvZPE-k3NF08GEzJHg17rb5mz=
pPtByfh6HdQ6H3zRZKQ3KtVhZiEs8r4NWlAKsGmas7Xcv3pgrlSmAFPBbHp31OPrtwgRInf9SIu=
rFoa191a6ZCoWWXAytz-ibICePKjmMIlZYAeyx9Urmez8_29vHmgFSww%3D%3D" target=3D"_=
blank" rel=3D"noopener noreferrer"><strong>announced a program</strong></a>=
<strong> that allows institutional clients to convert their deposits into d=
igital tokens</strong> that can be sent anywhere in the world with the near=
-instant transfer settlements of a blockchain. And earlier this month, Deut=
sche Bank <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637196741=
8192255878e9689713&_m=3Dbd2c8cc91ee442d6b36ae979695c88c1&_e=3D6fBFF9BlRlVLr=
OYVA6USccs44iqGs69cAJpAQfBR1PsKY-tWj2_tFsR4PpaSL1Fu0DNLZSVPUYmia8NozOBde9As=
BRlLO6OFiI6aM83orW8ovSzfJbOXMZhTXEg7XRP6QtS9YYC6u7siiL7k45mQ-mhyt_kUxanX6-t=
jiDJ7-9SyfBaXSl8tamwaU48o9BAw1KciBu40SoEDUtk6p3lj9bFAv6NP1uZd_LqLP5p6IdEwT1=
b1gk-x-q7-Gl48ehnHxHDaxZOyGfE3PNDQKI7Da-3xgbuipRRMRBKMpy9nfNZVsZRcW6Sgvl6PR=
W0FYnLGf-QD98a8U7mMOYSexhBeDmSPuv_e0geYiO2b8Rt1q3TPoo-lllYTrm7lX_Cm79Au" ta=
rget=3D"_blank" rel=3D"noopener noreferrer">announced</a> that it would be =
tokenizing traditional financial securities. =E2=80=9CWe expect to see more=
 traditional assets and cash payments eventually come on-chain,=E2=80=9D sa=
id the bank=E2=80=99s crypto chief. =E2=80=9CPositioning ourselves for the =
future is our primary focus and we are working on a select number of projec=
ts to develop our capabilities.=E2=80=9D&nbsp;</li><li style=3D"margin: 0px=
; padding: 6px 0px;"><strong>Tokenized real estate allows for faster and ch=
eaper transactions for a typically illiquid and paperwork-heavy asset class=
</strong> =E2=80=94&nbsp;and allows for fractional ownership (whether the u=
nderlying asset is a specific building, real-estate development, or a real-=
estate fund). In one recent example, a Hong Kong crypto company called Tykh=
e Capital recently <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5=
6371967418192255878e9689713&_m=3Dbd2c8cc91ee442d6b36ae979695c88c1&_e=3D6fBF=
F9BlRlVLrOYVA6UScVLdapf4wK_GPiFmbyK3h59jaoZSkiDKmeBsv4ipLUwFw2ff2FE8Lm2Txom=
9Qq8WPOsWYc1OFga1GmoYzlFexAHbjvN1mMNrGkrrv8dARbGwtxPOKzMpDXqfGEsAvl7woNHZWL=
AHbEgcIuY0MjOqt7_6qPR0fjOjlJDXWhMcU8N5P2P1An53GELS35jEYzCnPHN1ctGSI0CeaHc54=
hnHCmpmyHQANC0wzNACTMr66bNB3Ymy8CbIp_DmrAJr8Tc59fS_Ix1Eiu3fWwRqGSuJOQJj9bF9=
B7JUJve3KWM0zfwFGGxsnnHizs1u2TgVHqAgSv4wrSz_o_LbWRmmgg69u-RKazlYOZUVLljAShr=
kbPth" target=3D"_blank" rel=3D"noopener noreferrer">announced</a> it was s=
eeking regulatory approval for a token called Prince, which would sell toke=
nized shares of a Hong Kong real-estate fund.</li><li style=3D"margin: 0px;=
 padding: 6px 0px;"><strong>A new international test shows it=E2=80=99s pos=
sible to send tokenized assets across multiple blockchains. </strong>In lat=
e August, the global interbank messaging system Swift and dozens of major b=
anks <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563719674181922=
55878e9689713&_m=3Dbd2c8cc91ee442d6b36ae979695c88c1&_e=3D6fBFF9BlRlVLrOYVA6=
UScfDWsibw7b_iLcMBXriFYBYJz6akZXyEMtthxGjYbhDmGNCWuCLYLbM0c2v7uMiY54eNgSGp8=
wK5wFEPK7LJ_Zc9HBWQ2mPjp_tssw7hUs8Er-t2ngJzWH1G5NytcPZ8DuFfVvhoBJLZVn-ntFb9=
3oi0jooJEBxqzLZWN4tcGz4Xvh-OXZGiqYgdYbQYNVUCDbaSLR7IrfOvGmOPlgxuLOh68cyuCvO=
fzwRFW8EIAzmrijPSf6Ejgf4hRHguhCVI9gwX3iaRVHuES3_7ICCOmai-FEordKAMibuVhXG-sl=
ski1g84oMo3Y3cxfLdAoGYGo2PxfJ_EwfZbkuWGCYKjiFGQUt9Xu46qR7SPbDNtLz2aQOeXgeKf=
B7Zo4hnDyXjC4ycXfxstxwrtQ6Z8rKBDZZ7Pl7v4XCT6PJPonZCo0eXPxzwOdJHNfqa1HQ7HyQA=
fw%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">completed a success=
ful experiment</a> using Chainlink=E2=80=99s new Cross-Chain Interoperabili=
ty Protocol to move tokenized assets across a variety of public and private=
 blockchains.</li><li style=3D"margin: 0px; padding: 6px 0px;"><strong>Last=
 year, a consortium including JP Morgan </strong><a href=3D"https://links.c=
oinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dbd2c8cc91ee4=
42d6b36ae979695c88c1&_e=3D6fBFF9BlRlVLrOYVA6USccs44iqGs69cAJpAQfBR1PvZortON=
dIQ4mYNBnJctCH-j98PesDtTW3pOn7HwOCK-OimchFbUvavyNMzfzdRtRIJPmO3JKmN0ult3dVo=
8wRyQEWGoPPl7ZEV9jEQyFypWJXq70Rq_HlICff_7aCYRZua-c6nU2B_KDmibBxBD0pb_NfUU9f=
cnrcAYSaN61kq7twHRtYz6SPLfQkIiDxOR6hmntQTvrl93QS9b6qDnxBDzzKuWknrNyTAnlg5sq=
UxmDmI_Eoh-gGYosTWN7wl9z7d6BydwCjHQ1eR_hG7XppkGwtAnvF3UHO1KfRFfMdcYrdo-bZbl=
7W2m9-v7DXU7ercXLEyEkCqc_7rbmQjbtYF83ftotcwjBodUNSnCCXjpQ%3D%3D" target=3D"=
_blank" rel=3D"noopener noreferrer"><strong>successfully</strong></a><stron=
g> experimented with creating tokenized Singapore dollars and Japanese yen.=
</strong> The assets were then used to trade against liquidity pools of tok=
enized government bonds.<strong> </strong>The tests were a big deal because=
 they used a combination of private bank blockchains and public protocols i=
ncluding the Aave DeFi protocol and the Polygon blockchain, demonstrating W=
all Street=E2=80=99s growing interest in interacting with open web3 technol=
ogy. Aave Companies CEO, Stani Kulechov, called the blockchain trade =E2=80=
=9Ca monumental step forward for DeFi.=E2=80=9D&nbsp;</li></ul><p style=3D"=
margin: 0px; padding: 0px;"></p><p style=3D"margin: 16px 0px 0px; line-heig=
ht: 1.6; word-break: break-word;"><strong>The bottom line=E2=80=A6 </strong=
>BlackRock CEO Larry Fink has <a href=3D"https://links.coinbase.com/u/click=
?_t=3D3aca56371967418192255878e9689713&_m=3Dbd2c8cc91ee442d6b36ae979695c88c=
1&_e=3D6fBFF9BlRlVLrOYVA6UScfJ_3HU9QLqRa9ff45lFUqKv19KIchEW7w28UIKmdOsZ7Tjt=
_-5tF-UZAn9g3VEj5WeqndVzIkI7yHsmJY6BCyxZrI76LkByUZz3aHw2ceg5u-R6YK0u7vzLDxs=
CnHyY4wCNNRbYz8jZQG2a0jTsd3hhCVaReQm5FRVWqcwZulyaVx2T1EieL4hEURkfvrAEg5ZI4l=
E_hZ9QSIUGlSeIIPG8DUBw06bEIEbYsJwk5I7Bg15X6Q-__WK3HTACt1Y4Blq__F3toZPZMchaG=
YIuMDj5lk_EYO2jv0AndA1qUc-1TGkmOBqEiPDIAkPoWsaE3uCU4QXBs77blyoCMzPISmB0UUsu=
Ne0svDy73ksnyDVulLaTR6YQ-3XwZx-ytmxmdzVrGG6p6FHRW4ljkX16Rsnr_G9uVxC8qEh-RW1=
cinIsYwfhG8ucszSwRMgWIEak8A%3D%3D" target=3D"_blank" rel=3D"noopener norefe=
rrer">said</a> that the tokenization of securities is =E2=80=9Cthe next gen=
eration for markets,=E2=80=9D&nbsp;and according to a BNY Mellon survey, 97=
% of surveyed institutional investors =E2=80=9Cagree that tokenization will=
 revolutionize asset management.=E2=80=9D The opportunity that experts see =
in bringing real-world assets online is vast. As a Bernstein analyst <a hre=
f=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e96897=
13&_m=3Dbd2c8cc91ee442d6b36ae979695c88c1&_e=3D6fBFF9BlRlVLrOYVA6UScZDGrMADb=
RUAtel-XojUvGbEeu5x5Qv5U1qSt-VCaMrrt1ZUDwnmf5X1rmHcrGm_r2txkusq01gpskNOd3JI=
41ijm6PIHlkGnSEB5cjEEMHaNT866BcV3V4owcMfDPfD4jo5yLwI6YfRiTEjbK5Y7sTLUfj2r3z=
qU99iY6Qfuh8tFx950odRF8z6ggm-gUXT6u5J1mnOIGSgqSRZpRwNMT6LrHim_YWYLgc204vpfO=
yqb13fGFziPvY8b4rWoYyACU2gxfastCllIrpNzJwjPcXeaByfxnDd8iq-MrTmgYRNhC9C3G4NV=
t85_L-vhjo-cZbn2jAlxvxtdyKIurp2AZ5LrESAdMza_wKrwgLn-PWjqulJh8waTnwajvOm7_7Q=
B1QilrU45hJLAky9pjynUzyYkK4Hi6wjkVfSpjLz3Ni5" target=3D"_blank" rel=3D"noop=
ener noreferrer">put it earlier this summer</a>, =E2=80=9CTokenization, we =
believe, will transform financial markets over the next decade. We forecast=
 ~$5 trillion of real-world financial assets will be tokenized on blockchai=
ns over the next 5 years.=E2=80=9D</p><div class=3D"cta_button" style=3D"ma=
rgin: 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-spa=
cing: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:s=
chemas-microsoft-com:vml" xmlns:w=3D"urn:schemas-microsoft-com:office:word"=
 ses:no-track href=3D"https://links.coinbase.com/a/click?_t=3D3aca563719674=
18192255878e9689713&_m=3Dbd2c8cc91ee442d6b36ae979695c88c1&_e=3D6fBFF9BlRlVL=
rOYVA6UScejugWbrDEM0cGbtQqS_4_F4vQ4CCLvHzt2DQOzwGwUtdok1HNwUl5o0Id_fF_1B-GY=
pul_CUIPzo1t3Y8ag5m0lIACtz-tE17Wx-cE0_I3F8Fdn8Ahd88scTlvaRih3MSjhroYcSuXQ5f=
y__6K989-YMKStD81qIOT7sL5cdikbfUBnK14KAIOakKcxpZ1Ptd3T879g9h0oTvTYbFtzuEAo0=
p9giW9dXI6tloe_OO12TQGQzvRSCBNey1Zx6NhgcFcL_IB79w1tqMV4maealI9xAkG3g9G7txCw=
ZD6AbU-7rhWj3Oiv_A4ISv455d_jekFDSAZEHZzvoUpFloH3rTJ9Ma6zjL-TZ-n4YhTiKDQ4" s=
tyle=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;"><![en=
dif]--><a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196741819=
2255878e9689713&_m=3Dbd2c8cc91ee442d6b36ae979695c88c1&_e=3D6fBFF9BlRlVLrOYV=
A6UScejugWbrDEM0cGbtQqS_4_F4vQ4CCLvHzt2DQOzwGwUtdok1HNwUl5o0Id_fF_1B-GYpul_=
CUIPzo1t3Y8ag5m0lIACtz-tE17Wx-cE0_I3F8Fdn8Ahd88scTlvaRih3MSjhroYcSuXQ5fy__6=
K989-YMKStD81qIOT7sL5cdikbgyiDgfAeyyWtxzGfG0W9TD4lk6rRd9jAzV-QcbMGOoOiMO_TF=
etvRNoqgRRarKd7H6QMeu-Doe2WgZJvffXPxT6D7zTqvbGm5S3k954fyeL-LAMGvi4Xo4F1PLFf=
o735LQcXSVNtVXSDJ-V6fac1eeaKgNkjeV_UiSSewLhU90EPcDM1ftYLD_WsfpruwQqo" targe=
t=3D"_blank" rel=3D"noopener noreferrer" style=3D"display: block; margin: 0=
px; line-height: 1.2; font-size: 16px; text-decoration: none; color: rgb(25=
5, 255, 255); background-color: rgb(0, 82, 255); border-radius: 30px; text-=
align: center; padding: 18px 0px;"><strong>Learn about tokens</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-ali=
gn: 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; t=
ext-size-adjust: 100%;"><span></span></td></tr></tbody></table></td></tr></=
tbody></table><div style=3D"margin-bottom: 16px;"><table style=3D"margin: 0=
px; padding: 0px;"><tbody><tr><td style=3D"margin: 0px; padding-right: 11px=
; vertical-align: middle;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.ne=
t/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5637196=
7418192255878e9689713/dot-1.5x.png" width=3D"12" height=3D"12" style=3D"dis=
play: block; width: 12px; height: 12px;"></td><td style=3D"margin: 0px; pad=
ding: 0px; vertical-align: middle;"><p style=3D"margin: 0px; font-size: 16p=
x; letter-spacing: 0.075em;"><strong> NUMBERS TO KNOW </strong></p></td></t=
r></tbody></table></div><p style=3D"margin: 16px 0px 0px; font-size: 32px;"=
><strong>$135.8 million</strong></p><p style=3D"margin: 4px 0px 0px; line-h=
eight: 1.6; word-break: break-word;">Total funding that crypto startups <a =
href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e96=
89713&_m=3Dbd2c8cc91ee442d6b36ae979695c88c1&_e=3D6fBFF9BlRlVLrOYVA6UScVZ8DF=
s5nGp4fk6UOy3RyLt1j9EL1vuxtLsC8dAi6qcLUR9EFR8h7KZfhwNMFePLAuFul7_8eI-j2zCTD=
PT0b-rHWLzYCRPI35Tc9nh4jmSZyWX0J7VT1trvr1QbC9ggoQNkAX4zzgW4GdKVFzGrLDrgtkT5=
x1AEjOGuuAMmyxX7YBLg6-6Wz7lT7CDqPZgUYSlr9bKUefhvtFF-IDyBWr8OTp3H6HfNzYHJ6va=
o0lvha6oSq2_HW1THQxj8qpVyrVsz--eYexa-ldU968jDtcPUT5Qlrez7FQQ9y0Agal7fVqz8hJ=
dmDlXSSXKkoHvbKO0_ESKIfYTLE3ajJPje9qj1bu6qQ-ouzg_pbqOGMu-kmT9OPrLdvsZEd5StO=
9bjLmNikak1BGKK_4lf_w_Pahc%3D" target=3D"_blank" rel=3D"noopener noreferrer=
">raised last week</a> amid an uptick of venture capital investments, led p=
rimarily by VC giant (and Coinbase backer) Andreessen Horowitz (a16z). Amon=
g last week=E2=80=99s moves were a16z=E2=80=99s $33 million fundraise for w=
eb3 gaming studio Proof of Play and $25 million seed investment in web3 inf=
rastructure startup Bastion. Mesh, a =E2=80=9Cfinancial operating system=E2=
=80=9D that bridges traditional and traditional assets, also raised $22 mil=
lion.</p><p style=3D"margin: 16px 0px 0px; font-size: 32px;"><strong>5,445&=
nbsp;</strong></p><p style=3D"margin: 4px 0px 0px; line-height: 1.6; word-b=
reak: break-word;">Number of bitcoins (worth roughly $150 million) that Mic=
roStrategy <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563719674=
18192255878e9689713&_m=3Dbd2c8cc91ee442d6b36ae979695c88c1&_e=3D6fBFF9BlRlVL=
rOYVA6UScRsSyjjEOBawAT71eEpdOS1UVhdaZNRao1rsu9UalfBLfPAaVnDfAHGLKY-Oz9PhGZl=
OH4S6RtFZXdASy9M-1rksiYP5nptCwYD5WnRdKKcIQ9fA5kM_eEgf6GTGu3axBTM3A3LeiX--2d=
bqGA15HwOtveM3nRShsQtH4O2EuM4Of12g206LtT_S-jL6_1jxb8hNhtqlRdI74ELEHh4u73GRo=
qzv2FrO0RN-jqRJ9wdVXtbIpX9QeKKqQZwXU-BR6_96WKjavJ-eNRlWkkbnZqlyo-JNLzUa8V48=
hv2G-tHJTXSAxP9EhgEujEvC3J4RjHq08KEBTuJ2CuwKyV5hZ96wU1fdYC6yGtWsgErxB3D82XN=
AzvOzf6_M5si-LKOCP3U6eab-AzsOcM_hLrqxesE%3D" target=3D"_blank" rel=3D"noope=
ner noreferrer">purchased</a> in August and September per a new SEC filing.=
 The business intelligence company, founded by longtime BTC booster <a href=
=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e968971=
3&_m=3Dbd2c8cc91ee442d6b36ae979695c88c1&_e=3D6fBFF9BlRlVLrOYVA6UScYKeOaW62z=
LPsL7CyK6syZu7JCt1ePtHkIP9Wq-LncFQPvDyAnxVOCPV3oecn84pqrLlZvgB2pQ9_JzIFk1jX=
B0-bj34vEtA6UtwMAOS94EO9xyqvIATzUh2yo1FGSIqOXphtlybDdfP2wDB5UYGGvURIr57waqu=
RsebR0se4-HdXPRupM9XHgTvXjWt5neBX5uZAy9B13wgkx6osrxzBlc7hHHVQNvgW_Y34JwNvvV=
7VINoQA53Zi0W1nvSW67TcbEzizGsyae0cpAWmeYFp3_BjCxzZMeot7TkYz5GK4o9" target=
=3D"_blank" rel=3D"noopener noreferrer">Michael Saylor,</a> is the largest =
corporate holder of bitcoin with a total of 158,245 BTC (about $4.1 billion=
).</p><p style=3D"margin: 16px 0px 0px; font-size: 32px;"><strong>11</stron=
g></p><p style=3D"margin: 4px 0px 0px; line-height: 1.6; word-break: break-=
word;">Number of blockchains =E2=80=94 including Polkadot, Optimism, and Av=
alanche =E2=80=94 that <a href=3D"https://links.coinbase.com/u/click?_t=3D3=
aca56371967418192255878e9689713&_m=3Dbd2c8cc91ee442d6b36ae979695c88c1&_e=3D=
6fBFF9BlRlVLrOYVA6UScZpBnvhnQUlcgCxzzKcw6gt2cjNREfi9f_3bRTVgvoi5mfZirZL0BET=
9-jKPZbONj1kJXwiVLiDQASRzS3GMeyS9zTWUGkr2L4EQjzXhJLRvT0wMLLXZnRz-2tt6V3Oxsy=
eANxD74kdama3lgU9m73CMBVMa0LD15gHnmXUJEI4sXmQ6wJucwAYUF2Fde2kaK7LanOcCXUkWj=
DHXjinmr3ANdt9UAs8pzZV-l27MhDJUPm_80zdnoa9DYhk5t_69pYndFhVVSwPUkWa5e4UPmqjI=
JtZSZQU2IxjRktnyc4g5HVIZBWZnPdjWii3pub1NCqdokAstOBBFplyAA3pHJG_LU33R7hg0hCf=
Xi6HM7CuIXjX9FnfhSOuzZk7PWaqbEOc6hpznMdzWrwm5MkY9fsdaUHKk6w3MfYUxQ10tQDpo" =
target=3D"_blank" rel=3D"noopener noreferrer">Google Cloud</a> has added to=
 its public analytics database BigQuery. =E2=80=9CWe=E2=80=99re doing this =
because blockchain foundations, web3 analytics firms, partners, developers,=
 and customers tell us they want a more comprehensive view across the crypt=
o landscape,=E2=80=9D Google said in an announcement.&nbsp;</p><p style=3D"=
margin: 16px 0px 0px; font-size: 32px;"><strong>2</strong></p><p style=3D"m=
argin: 4px 0px 0px; line-height: 1.6; word-break: break-word;">Estimated nu=
mber of years it will take to test a digital euro, <a href=3D"https://links=
.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dbd2c8cc91e=
e442d6b36ae979695c88c1&_e=3D6fBFF9BlRlVLrOYVA6UScfDWsibw7b_iLcMBXriFYBYtkhw=
M-AF0A1e8eXSn-8VISZ9Ckw5DPV7ijg3Y8ldcTN4bvkA3lo1ph9te9_ORjY-EF2RArNJwGgLqZX=
o1DSAwb9_eZmGg8DOtdXZHZnAHUd5JL4bCtCFwA1_DvOxpHjVPhDfico_iVFnrnY_ZD3ljYMyew=
9Tkbr8BJtjr-O9pEbRUqmq0EoLmYRMNFVuCUJ-2b8NhArSGOf7P6Xs9U8DPM_yaCgeB2Vk8BXlr=
swG10A_jdQpgDnMcEsG8aDWe-Zu3q_rYPM7sqk9Rn0JzdedqWBkm-IFPVV-o80Mcly5zN8otZdr=
Ei8TO4MLCy2AAsudrX7Pxw1hO_641k3urIpEfN6hywRgcDxK8jThNDAWYb4nbUll8rhJx60LmKp=
e2e7I%3D" target=3D"_blank" rel=3D"noopener noreferrer">according</a> to Eu=
ropean Central Bank (ECB) President Christine Lagarde. The ECB will decide =
whether to move ahead with their central-bank digital currency pilot projec=
t in late October after weighing <a href=3D"https://links.coinbase.com/u/cl=
ick?_t=3D3aca56371967418192255878e9689713&_m=3Dbd2c8cc91ee442d6b36ae979695c=
88c1&_e=3D6fBFF9BlRlVLrOYVA6UScfDWsibw7b_iLcMBXriFYBYtkhwM-AF0A1e8eXSn-8VI8=
1CVgOsBapXL9da4V84ffWT1OppMyIwreiVkAL0FJ5rEtnA3VfwCZ3btbDY4I6WPlo2__gcGEqh-=
G4nBoH1Gvunh1fBXRy4-xzxiJhM9QXLamlgsJWxued2SkKSVyG4EPeCGFQUosVSzS-sU648_j6E=
tl5D9cbgBLLPCe8QFKWZYHLbNxN9K98NfRLnwW9zJbut6eAvf1b_h-JX0LJkYVtSxOUs3tCyAhZ=
t7Jqo4zf0VoAY4WBGzU4Bjen3rK6F9086-tOeqHCNS8KPK1vBNJVOtPJDmPXVZAflHaaJKXRTZa=
EalY3SaZRsuhssuvt5s3BZqd3YrMy1AsacZeZhY_TLv0YCGNNOTSAR0QJZLvhpfLPpu8kQviZNB=
XkzOyJn0gNkEFxJq6wUnqgAHqA4jwA%3D%3D" target=3D"_blank" rel=3D"noopener nor=
eferrer">concerns</a> from European Union members.</p><table width=3D"100%"=
 role=3D"presentation" style=3D"table-layout: fixed; vertical-align: top; b=
order-spacing: 0px; border-collapse: collapse; min-width: 100%; text-size-a=
djust: 100%;"><tbody><tr style=3D"vertical-align: top;"><td valign=3D"top" =
style=3D"word-break: break-word; vertical-align: top; min-width: 100%; text=
-size-adjust: 100%; padding: 48px 0px;"><table border=3D"0" cellpadding=3D"=
0" cellspacing=3D"0" width=3D"100%" align=3D"center" role=3D"presentation" =
style=3D"table-layout: fixed; vertical-align: top; border-spacing: 0px; bor=
der-collapse: collapse; border-top: 2px solid rgb(222, 224, 226); width: 10=
0%;"><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 sty=
le=3D"margin: 0px; padding: 0px;"><tbody><tr><td style=3D"margin: 0px; padd=
ing-right: 11px; vertical-align: middle;"><img src=3D"https://d15k2d11r6t6r=
l.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6d=
d6a/3aca56371967418192255878e9689713/dot-1.5x.png" width=3D"12" height=3D"1=
2" style=3D"display: block; width: 12px; height: 12px;"></td><td style=3D"m=
argin: 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: 3=
2px; line-height: 1.26; word-break: break-word;"><strong>What is Uniswap?</=
strong></p></div><div style=3D"margin-top: 16px;"><table style=3D"line-heig=
ht: 1.6; word-break: break-word;"><tbody><tr><td style=3D"padding-right: 12=
px;"><strong>A</strong></td><td>A centralized exchange</td></tr><tr><td sty=
le=3D"padding-right: 12px; padding-top: 12px;"><strong>B</strong></td><td s=
tyle=3D"padding-top: 12px;">A decentralized exchange</td></tr><tr><td style=
=3D"padding-right: 12px; padding-top: 12px;"><strong>C</strong></td><td sty=
le=3D"padding-top: 12px;">A decentralized autonomous organization</td></tr>=
<tr><td style=3D"padding-right: 12px; padding-top: 12px;"><strong>D</strong=
></td><td style=3D"padding-top: 12px;">Ethereum=E2=80=99s next upgrade</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><d=
iv 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-tabl=
e-lspace:0pt;mso-table-rspace:0pt;"><tr><td style=3D"padding:0;" align=3D"l=
eft"> <v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=3D"urn=
:schemas-microsoft-com:office:word" ses:no-track href=3D"https://links.coin=
base.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dbd2c8cc91ee442d=
6b36ae979695c88c1&_e=3D6fBFF9BlRlVLrOYVA6UScejugWbrDEM0cGbtQqS_4_F4vQ4CCLvH=
zt2DQOzwGwUtg4uJYhmvmqdJ4oWY93GKJ2Ixsryil08uL_Ok-hznOKuk0ReFp6lFQRKmHMCTCVq=
9fLJzTBKSIQyH4ILvPU-3FKokoOYmnndvhrTbmzO6Kxi5Ke7EM0Uy3l6uJim2s_8_-Ji19B9Ybn=
lNi5Utt153Q7sDH3ZDn1vH1GddYhbuRlMwzAOpm1a2rdOCO1uuCF8JEvMxcbUFgReVOtf-Wrv-_=
ueLee8TiPsHi3l0xI2TgSB1PHXX7_KUFG1d_-karl_wPtu6bXJeREdhWYIu41kKiigZzmsIzOuf=
u_UEolWV9YZfpsgORHGDJa06A4D80_SI84oWiMt3duqLawaCN7h8vw%3D%3D" style=3D"widt=
h: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=3D3aca56371967418192255878e96=
89713&_m=3Dbd2c8cc91ee442d6b36ae979695c88c1&_e=3D6fBFF9BlRlVLrOYVA6UScejugW=
brDEM0cGbtQqS_4_F4vQ4CCLvHzt2DQOzwGwUtg4uJYhmvmqdJ4oWY93GKJ2Ixsryil08uL_Ok-=
hznOKuk0ReFp6lFQRKmHMCTCVq9fLJzTBKSIQyH4ILvPU-3FKokoOYmnndvhrTbmzO6Kxi5Ke7E=
M0Uy3l6uJim2s_8_-Ji19B9YbnlNi5Utt153Q0tzSE1VVcui6atGuwWWSyUSSL0odJGEvU-Tk1q=
cZwFQg2F9h3-61EPqaeFMN3eNkRGPTHRQyqnBqc-zJLz2lS0XJu1lDOtHdC5tFDF4Y_MK9BnpXv=
30nK5rcvvoqG1FJFaUPe4wePhjnLCSgPt-joKDkG4PTP5gETgnOTIMDzdGxKfmwBxf6-HOyZday=
GRz3A%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer" style=3D"display=
: block; margin: 0px; line-height: 1.2; font-size: 16px; text-decoration: n=
one; color: rgb(255, 255, 255); background-color: rgb(0, 82, 255); border-r=
adius: 30px; text-align: center; padding: 18px 0px;"><strong>Learn about Un=
iswap</strong></a><!--[if mso]></center></v:textbox></v:roundrect></td></tr=
></table><![endif]--></div><table width=3D"100%" role=3D"presentation" styl=
e=3D"table-layout: fixed; vertical-align: top; border-spacing: 0px; border-=
collapse: collapse; min-width: 100%; text-size-adjust: 100%;"><tbody><tr st=
yle=3D"vertical-align: top;"><td valign=3D"top" style=3D"word-break: break-=
word; vertical-align: top; min-width: 100%; text-size-adjust: 100%; padding=
: 48px 0px;"><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=
=3D"100%" align=3D"center" role=3D"presentation" 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> NOW TRADING ON COINBASE </strong></p></td></tr><=
/tbody></table></div><a href=3D"https://links.coinbase.com/a/click?_t=3D3ac=
a56371967418192255878e9689713&_m=3Dbd2c8cc91ee442d6b36ae979695c88c1&_e=3D6f=
BFF9BlRlVLrOYVA6UScejugWbrDEM0cGbtQqS_4_Fy5PXLpx195r7JSOs3vxKn0mof3v-up7cv_=
eCCe8z4FuW54BgM8nvzv9m7gftN5YQ4BPfRnBxPL9oPHNhodnXZfwQRHOLiJBHhEUCpmDe8W7Up=
_nVOUkEaCK4FH1y47fZ-BEe-gnaA8iHmqrSQQ2-ik4iwClaIkbKjRTYGLPCnmpPf8eS4JhiVSiE=
SGr0hHIYAqPfbhE1yWopZxoRdsQ7x07uTtwuQdviVH3k5oK4XSXgEvOEMTLIWQwbNj-5vSUEI1O=
MVKOOQfR6lH0LJiHF2wg-iSXzQXqLzELCxK9o2t0zw1tac2GW-EUc8mYRsQEY%3D" target=3D=
"_blank" rel=3D"noopener noreferrer" style=3D"color: rgb(10, 11, 13); text-=
decoration: none;"><table style=3D"margin: 16px 0px 0px; width: 100%;"><tbo=
dy><tr><td style=3D"font-size: 32px; line-height: 1.26; word-break: break-w=
ord; vertical-align: middle; white-space: nowrap;"><strong>VET</strong></td=
><td style=3D"vertical-align: middle; padding-left: 12px;"><img src=3D"http=
s://dynamic-assets.coinbase.com/379fbd483545e7160260356c4a750e617be3734a126=
87629d4c5efd045a237d7985c434394fc59bf906b6227772cff6975edcc4e87c202c24fa3d4=
8df68f29bd/asset_icons/8103b1436a31a4ee8fb562db86a5a2510e6dc2c25d172e6f9a82=
b36e15965574.png" width=3D"26" height=3D"26" style=3D"display: block; width=
: 26px; height: 26px; vertical-align: middle;"></td><td style=3D"vertical-a=
lign: middle; text-align: right; width: 100%;"><img src=3D"https://d15k2d11=
r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542=
cff6dd6a/3aca56371967418192255878e9689713/Newsletter%20Assets/newlistings_l=
ight.png" width=3D"21" height=3D"18" style=3D"width: 21px; height: 18px; ve=
rtical-align: middle;"></td></tr></tbody></table><p style=3D"margin: 0px; l=
ine-height: 1.6;">VET is one of two native tokens on the VechainThor blockc=
hain. </p></a><a href=3D"https://links.coinbase.com/a/click?_t=3D3aca563719=
67418192255878e9689713&_m=3Dbd2c8cc91ee442d6b36ae979695c88c1&_e=3D6fBFF9BlR=
lVLrOYVA6UScejugWbrDEM0cGbtQqS_4_FTZP9SfeFTxbZ82AA2b6ORKlzIF5UFgiTA9UABjsIf=
dWaSyx8eRW-NRTDneM1hVnidceZYc_qn5uNslEYvEBPeQnG2nkccmKTjsODG7jlI6GQrpE48dMO=
QKhL6XlLG7smZyU6eJZrWeZncF30U-Tr4-ySAZ6z6SXUMe0cHomrkV6g42pjpPrrzFWm6rqD8Qj=
k96vhKZ55a1nxO3pV3YveNEfwp-0kAdK2vKt62RJtwV6NpxRSr28SiKHSVS8rLAEicdWgrDVsyF=
3srJQlG2IWo4Vqe_bj0V63IIlCzTwfm_7qGXZd35rUZpx9UfodeA2jfRjLJTGiKktuX5KaJOMal=
" target=3D"_blank" rel=3D"noopener noreferrer" style=3D"color: rgb(10, 11,=
 13); text-decoration: none;"><table style=3D"margin: 16px 0px 0px; width: =
100%;"><tbody><tr><td style=3D"font-size: 32px; line-height: 1.26; word-bre=
ak: break-word; vertical-align: middle; white-space: nowrap;"><strong>VTHO<=
/strong></td><td style=3D"vertical-align: middle; padding-left: 12px;"><img=
 src=3D"https://dynamic-assets.coinbase.com/3a5914c76a2a40a083fe9e2cf094ec1=
819c76f095883b84181107a7d9296cdaa17dbf8a5da502b0041a05d783d1fc4618a7e97d5cb=
38b9d11bab15934d6d8b4c/asset_icons/84433d2945b722442febfd5ef939d322170862f0=
00162f2a5111d622d080c5e8.png" width=3D"26" height=3D"26" style=3D"display: =
block; width: 26px; height: 26px; vertical-align: middle;"></td><td style=
=3D"vertical-align: middle; text-align: right; width: 100%;"><img src=3D"ht=
tps://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-=
46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/Newsletter%20Assets=
/newlistings_light.png" width=3D"21" height=3D"18" style=3D"width: 21px; he=
ight: 18px; vertical-align: middle;"></td></tr></tbody></table><p style=3D"=
margin: 0px; line-height: 1.6;">VTHO is one of two native tokens on the Vec=
hainThor blockchain. </p></a><table width=3D"100%" role=3D"presentation" st=
yle=3D"table-layout: fixed; vertical-align: top; border-spacing: 0px; borde=
r-collapse: collapse; min-width: 100%; text-size-adjust: 100%;"><tbody><tr =
style=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-word; v=
ertical-align: top; text-size-adjust: 100%;"><span></span></td></tr></tbody=
></table></td></tr></tbody></table><p style=3D"margin: 0px; line-height: 1.=
6; word-break: break-word;"><strong>Trivia answer</strong></p><table style=
=3D"margin: 12px 0px 0px; line-height: 1.6; word-break: break-word;"><tbody=
><tr><td style=3D"padding-right: 12px;"><strong>B</strong></td><td>A decent=
ralized exchange</td></tr></tbody></table><table style=3D"margin: 48px 0px =
0px;"><tbody><tr><td style=3D"text-align: left;"><img src=3D"https://d15k2d=
11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c5=
42cff6dd6a/3aca56371967418192255878e9689713/Rebrand%20Assets/coinbase_foote=
r_wordmark.png" alt=3D"Coinbase" height=3D"26" style=3D"display: block; hei=
ght: 26px; margin-bottom: 24px;"></td></tr><tr><td><a href=3D"https://links=
.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dbd2c8cc91e=
e442d6b36ae979695c88c1&_e=3D6fBFF9BlRlVLrOYVA6UScfVwjouUoWXFiIsn27s9t0OJjhe=
s10gm9C7GZzhiAsMNRlX-6lRXQWGCR-KXzSFboACN4ps05f0EUPokawDEsA__pEfNrWHjDQggOb=
SSKNYks5PyRuIVgZsrjCgU_cyuD5hgvhaaiwGMwhjfDcNsXsOHF0yqOhQEVDMDuOzy1MtvxaEes=
-ZXJX5Vt6c9y4J4noYVSeSceJpK5E6nFLkwDM4aa_xQR_KsZNsRs6Dc7lYSz3vWfEUGK-VI4PR6=
2ZE8v5YL7PWUZNF9_mw83FEhj7Cldp3q5rXNfwmlqEFdyexQ1Ticf72UXqXy_TojIqZm-U0gppM=
p4s4yEOpcfkPGjvMzVNLEq1ayjRXvC0Y8edUB" title=3D"coinbase ios app" target=3D=
"_blank" rel=3D"noopener noreferrer"><img src=3D"https://d15k2d11r6t6rl.clo=
udfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3=
aca56371967418192255878e9689713/Icons/app_apple.png" alt=3D"Download on iOS=
 App store" height=3D"46" style=3D"display: block; height: 46px; margin-rig=
ht: 8px;"></a></td><td><a href=3D"https://links.coinbase.com/u/click?_t=3D3=
aca56371967418192255878e9689713&_m=3Dbd2c8cc91ee442d6b36ae979695c88c1&_e=3D=
6fBFF9BlRlVLrOYVA6UScR3-wiaWkpkd2MD-QbTMJMIKgZFuSNfD9UWCNmDYR23VX57HPbR0oTI=
rrqJA8nDlfxks6qpMFxluVlygpFtVyYHp-hOo9IZaqJ1teE3SD2x55I-tj9axFRR4f3B5DErPIm=
vTcPvdz2Wgj0iOPYn7RiPH4Eo5LJRc-thnOJ9M2YN_XpvbYlnJ-aF0CfLoAps6OrkpeHHJFVx8K=
rROBkmB7yWLsp6sYhCBLpoOCxqd-_PH9so6NKNBXsVA1fDrHSqLkEEL_K7bZO0yO90H7uzZqpfP=
doyYfNeWS0LRhuLCPHvPmPR7gOg5AHvHdrEH1_fYAp5Slh9XI1PJaKXWNJXxB7gyfL66PvtFE2q=
2nrmF_5IE" title=3D"coinbase android app" target=3D"_blank" rel=3D"noopener=
 noreferrer"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users=
/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e=
9689713/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=
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