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Date: Thu, 16 Dec 2021 13:09:44 +0000
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From: Coinbase Bytes <marketing@cb.mail.coinbase.com>
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Reply-To: newsletter@cb.mail.coinbase.com
Subject: How inflation is impacting Bitcoin
To: Vincent <vince@showfile.com>

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Coinbase Bytes If BTC is an inflation hedge, why are prices struggling? Als=
o,=20
how crypto is revolutionizing crowdfunding View in browser=20
<https://links.coinbase.com/e/evib?_t=3D3aca56371967418192255878e9689713&_m=
=3D93db12d64bd945eebf35bebb7ca78efe&_e=3DhQw2aUpQ5RyJcLRNVEX8xxY1PGNQQhgctN=
MYJfv19ReSKu0nxWCHA8LIDQkWXc09GyYTvoAl5ed1vCbeDKkZm9dh7zFFbjDcHZi0GAgJ15jKM=
yFoFUDOAaWEd4m0ZsayKoM1Frjiai6WZZShiQlpFA%3D%3D>
 <https://coinbase.com>=20
12.16.21
 <https://coinbase.com/trade?src=3Dhero>=20
Gas <https://ethereum.org/en/developers/docs/gas/> prices: the bane of driv=
ers=20
and crypto users alike. As historic inflation impacts everyday commodities,=
=20
what does it mean for Bitcoin? [alancrosthewaite via Getty Images]

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

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

 * Bitcoin prices are stalling. BTC is often cited as an inflation hedge, s=
o=20
why is it 30% off recent all-time-highs amid historic inflation?=20
 * Crypto is revolutionizing crowdfunding. From Kickstarter to=20
ConstitutionDAO: how fundraising is evolving.=20
 * The week in numbers. The surprising price of a Bored Ape NFT, and other =
key=20
figures to know.=20




Bitcoin

=C2=A336,393.62

-4.82%
 <https://coinbase.com/price/bitcoin?bytes_title=3Dbitcoin>=20

Ethereum

=C2=A33,014.13

-10.33%
 <https://coinbase.com/price/ethereum?bytes_title=3Dethereum>=20


Solana

=C2=A3137.81

-6.53%
 <https://coinbase.com/price/solana?bytes_title=3Dsolana>=20

Cardano

=C2=A30.97

-7.99%
 <https://coinbase.com/price/cardano?bytes_title=3Dcardano>=20


Polkadot

=C2=A320.21

-10.68%
 <https://coinbase.com/price/polkadot?bytes_title=3Dpolkadot>=20

Avalanche

=C2=A379.43

 +12.52%
 <https://coinbase.com/price/avalanche?bytes_title=3Davalanche>=20


Bitcoin

=C2=A336,393.62

-4.82%
 <https://coinbase.com/price/bitcoin?bytes_title=3Dbitcoin>=20

Ethereum

=C2=A33,014.13

-10.33%
 <https://coinbase.com/price/ethereum?bytes_title=3Dethereum>=20

Solana

=C2=A3137.81

-6.53%
 <https://coinbase.com/price/solana?bytes_title=3Dsolana>=20


Cardano

=C2=A30.97

-7.99%
 <https://coinbase.com/price/cardano?bytes_title=3Dcardano>=20

Polkadot

=C2=A320.21

-10.68%
 <https://coinbase.com/price/polkadot?bytes_title=3Dpolkadot>=20

Avalanche

=C2=A379.43

 +12.52%
 <https://coinbase.com/price/avalanche?bytes_title=3Davalanche>=20
Price changes are for the past week, ending on Dec 16, 2021 at 01:07 PM UTC
See the latest prices <https://coinbase.com/price>=20



 MARKET UPDATE=20

If Bitcoin is an inflation hedge, why are prices struggling?

On Friday, the U.S. Bureau of Labor Statistics reported=20
<https://www.bls.gov/news.release/cpi.nr0.htm> its largest 12-month jump in=
=20
Consumer Price Index (CPI) numbers since 1982. You might expect Bitcoin =E2=
=80=94 which=20
wasdesigned <https://www.coinbase.com/learn/crypto-basics/what-is-inflation=
> to=20
be resistant to inflation =E2=80=94=C2=A0to rise on news of the highest inf=
lation metrics in=20
four decades, but after jumping around 4% in the hours after the CPI report=
,=20
Bitcoin forfeited its gains over the weekend. And since reaching a newall-t=
ime=20
high <https://www.coinbase.com/price/bitcoin> near $69,000 in November, the=
=20
cryptocurrency has been broadly trending downward even as global inflation =
has=20
surged. So has Bitcoin=E2=80=99s value as ahedge investment=20
<https://bitcoinmagazine.com/markets/2020s-rampant-inflation-calls-for-bitc=
oin>=20
been overstated, or is something else going on? Let=E2=80=99s dig in.=C2=A0

 * Despite lagging prices, Bitcoin=E2=80=99s network is hitting all-time hi=
ghs by a=20
variety of other metrics. Bitcoin=E2=80=99s mining power has fully recovere=
d=20
<https://www.cnbc.com/2021/12/10/bitcoin-network-hashrate-hits-all-time-hig=
h-after-china-crypto-ban.html>
 since falling sharply after China=E2=80=99smidyear=20
<https://www.coindesk.com/markets/2021/05/21/bitcoin-falls-as-china-calls-f=
or-crackdown-on-crypto-mining-trading/>
 mining crackdown (The U.S. and Kazakhstan are nowtop mining destinations=
=20
<https://www.cnbc.com/2021/10/13/us-beats-china-as-the-number-one-destinati=
on-for-bitcoin-miners.html>
). Meanwhile, arecord number <https://bitcoinvisuals.com/ln-nodes> of globa=
l=20
computers (roughly 18,000 =E2=80=9Cnodes=E2=80=9D) are operating Bitcoin=E2=
=80=99sLightning Network=20
<https://www.coinbase.com/learn/crypto-basics/what-is-lightning>, which ena=
bles=20
faster, cheaper BTC transactions.=20
 * Bitcoin=E2=80=99s limited supply is key to its potential as a hedge agai=
nst=20
inflation.Around 90%=20
<https://www.coindesk.com/tech/2021/12/13/bitcoin-touches-new-milestone-wit=
h-90-of-total-supply-mined/>
 of the maximum 21 million BTC that will ever exist has already been mined =
and=20
circulated. And while thesupply=20
<https://www.blockchain.com/charts/total-bitcoins> of BTC has increased, as=
=20
expected, by 4.2% since the beginning of 2020, the supply of U.S. dollars h=
as=20
increased bynearly 37% (around $6 trillion new dollars)=20
<https://tradingeconomics.com/united-states/money-supply-m2> as the governm=
ent=20
and Federal Reserve responded to COVID with an unprecedented=E2=80=9Cmoney-=
printing=E2=80=9D=20
<https://www.nytimes.com/2021/12/14/briefing/omicron-pandemic-inflation-bor=
is-johnson.html#:~:text=3DAs%20the%20global,in%20those%20markets.>
 strategy and otherstimulus measures=20
<https://www.investopedia.com/government-stimulus-efforts-to-fight-the-covi=
d-19-crisis-4799723>
.=C2=A0=20
 * Countries such as Argentina and Turkey have seen even sharper increases =
in=20
money supply than the U.S.and faster currency devaluation=20
<https://www.nytimes.com/2021/12/13/business/inflation-turkey-brazil-hungar=
y.html>
. They=E2=80=99ve also seen Bitcoin appreciate more dramatically against th=
eir=20
respective currencies. While BTC has appreciated nearly 60% against the U.S=
.=20
dollar this year, it has appreciated nearly 90% against the Argentine peso =
and=20
more than 200% against the Turkish lira.=20


Why it matters=E2=80=A6 Historically, Bitcoin has handily outperformed infl=
ationary=20
fiat currencies =E2=80=94 making it a popular hedge for both institutional =
and retail=20
investors. But that doesn't meanspiking inflation=20
<https://www.bloomberg.com/opinion/articles/2021-12-13/crypto-is-an-imperfe=
ct-hedge-against-inflation>
 automatically causes BTC prices to rise, or that the two are correlated at=
=20
all. Crypto markets, after all, are complicated. From a macro view, the Fed=
eral=20
Reserve=E2=80=99s efforts to combat inflation could strengthen the dollar b=
ut reduce=20
BTC=E2=80=99s momentum as an inflation hedge. Meanwhile, some investors mig=
ht feel=20
empowered to sell and take profits at the end of the year, especially as BT=
C=20
remains historically high.
Read up on inflation=20
<https://www.coinbase.com/learn/crypto-basics/what-is-inflation?src=3Dmarke=
t_update_cta>



 JUST FOR FUND=20

How crypto is revolutionizing global fundraising

Last month, a group of internet strangers banded together and raised $47=20
million in an attempt to buy a rare copy of the U.S. Constitution. Weeks af=
ter
ConstitutionDAO=20
<https://www.theverge.com/22820563/constitution-meme-47-million-crypto-crow=
dfunding-blockchain-ethereum-constitution>
 broke fundraising records, the OG crowdfunding platform Kickstarterannounc=
ed=20
<https://www.bloomberg.com/news/articles/2021-12-08/kickstarter-blockchain-=
will-combine-crowdfunding-with-crypto?utm_source=3Ddlvr.it&utm_medium=3Dtwi=
tter&cmpId=3Dgoogle>
 its own decentralized, crypto-fueled crowdfunding platform. But which=20
blockchains will power the future of fundraising?=C2=A0

 * Kickstarter=E2=80=99s decentralized crowdfunding protocol will be built =
on Celo, a=20
blockchain that aims to power mobile payments and financial applications=20
worldwide. The =E2=80=9Ctotal value locked=E2=80=9D =E2=80=94 or amount dep=
osited =E2=80=94 on the Celo=20
blockchain has surged this year to more than$500 million=20
<https://defillama.com/chain/Celo>.=20
 * ConstitutionDAO raised nearly $47 million from nearly 17,500 unique=20
addresses <https://dune.xyz/ilemi/ConstitutionDAO-Funding-Tracker> across t=
he=20
world=E2=80=94 with a median contribution of just 0.051 ETH. While the grou=
p was=20
ultimately outbid=20
<https://www.bloomberg.com/news/articles/2021-12-09/ken-griffin-s-son-told-=
him-you-have-to-buy-the-constitution?sref=3DaInCMkkj>
 at a Sotheby=E2=80=99s auction by billionaire hedge-fund manager Ken Griff=
in, the=20
DAO=E2=80=99s record-breaking fundraise and the rise of crypto collecting t=
echnology=20
like NFTs aretransforming the auction landscape=20
<https://www.theartnewspaper.com/2021/11/11/sothebys-to-accept-live-bidding=
-in-ethereum-on-two-banksy-works>
.=20
 * In January, a former Christie=E2=80=99s exec is going to auction 10,000 =
digital=20
pieces of a 2005 Banksy paintingas NFTs issued on the Avalanche blockchain=
=20
<https://www.nytimes.com/2021/12/01/arts/design/banksy-nft-loic-gouzer-part=
icle.html>
. Avalanche is an Ethereum-compatible blockchain that has seen significant=
=20
growth this past year: the total value locked has soared to more than$10 bi=
llion
 <https://defillama.com/chain/Avalanche> =E2=80=94 with the number of daily=
=20
transactions on the networkrecently topping 700,000=20
<https://stats.avax.network/dashboard/c-chain-activity>.=20


Why it matters=E2=80=A6 While ConstitutionDAO used Ethereum=E2=80=99s block=
chain =E2=80=94 which=20
remains the dominant home for smart-contract powered technology like DeFi a=
nd=20
NFTs =E2=80=94=C2=A0the Kickstarter and Banksy-share projects have turned t=
o competing=20
blockchains Celo and Avalanche. Why? Because like Ethereum, they are
smart-contract=20
<https://www.coinbase.com/learn/crypto-basics/what-is-a-smart-contract>=20
compatible and support a wide range of apps and protocols, but with much lo=
wer=20
network fees and speedier transaction times. Ethereum is racing forward wit=
h=20
scaling solutions like theETH2 upgrade=20
<https://www.coinbase.com/learn/crypto-basics/what-is-ethereum#what-is-ethe=
reum-2>
, but a key question remains: how much market share can rival blockchains=
=20
achieve in the meantime?
Learn about ETH rivals=20
<https://www.coinbase.com/learn/market-updates/around-the-block-issue-20?sr=
c=3Dcrypto_crowd_cta>
 <https://www.Coinbase.com/gifting>=20

 NUMBERS TO KNOW=20

=E2=82=AC1 trillion

Approximate amount=20
<https://www.reuters.com/markets/europe/germanys-trillion-euro-savings-bank=
s-mull-crypto-wallet-2021-12-13/>
, in euros, that Germany=E2=80=99s savings banks hold for more than 50 mill=
ion Germans.=20
Why is this relevant? Because some members of the German Savings Bank=20
Association are considering offering customers crypto wallets as interest i=
n=20
crypto investments soars amid high inflation and negative interest rates.=
=C2=A0=C2=A0

$17.8 billion

Amount that crypto venture funds have raised this year, as of the end of=20
November=C2=A0=E2=80=94=C2=A0nearly triple the sum=20
<https://www.wsj.com/articles/crypto-venture-funds-look-for-an-edge-in-a-cr=
owded-market-11639396803>
 raised by crypto ventures in all of 2020.=C2=A0

20,000

Number of avatars released as part of RTFKT Studios=E2=80=99 recent CloneX =
NFT=20
<https://clonex.rtfkt.com/> drop. Digital fashion studio RTFKT was recently=
=20
acquired by Nike <https://news.nike.com/news/nike-acquires-rtfkt>. It descr=
ibes=20
the =E2=80=9Cinterplanetary tourist=E2=80=9D NFTs as the beginning of =E2=
=80=9Ca whole new ecosystem=20
for our community.=E2=80=9D (Nike isn=E2=80=99t the only sneaker brand maki=
ng NFT/metaverse=20
moves: Adidasrecently partnered=20
<https://www.yahoo.com/now/adidas-originals-leaps-metaverse-bayc-093007505.=
html>
 with Bored Ape Yacht Club.)

$3,066=C2=A0

Amount that one unlucky NFT collector earned selling a Bored Ape Yacht Club=
=20
NFT over the weekend. The ape=E2=80=99s owner meant to list the NFT for 75 =
ETH=20
(approximately $300,000 at the time) but accidentally listed it for .75 ETH=
.=20
The bargain ape wasimmediately=20
<https://www.cnet.com/news/bored-ape-yacht-club-someone-accidentally-sold-a=
-300k-nft-for-3k/>
 scooped up by a bot. The seller attributed the mistake to =E2=80=9Ca lapse=
 in=20
concentration.=E2=80=9D
Brush up on NFTs=20
<https://www.coinbase.com/learn/crypto-basics/what-are-nfts?src=3Dnumbersto=
know_cta>



 TUNE IN=20

Listen to Coinbase's new podcast, Around The Block

Want to learn more about how ConstitutionDAO allowed strangers around the=
=20
globe to bid $47 million at a Sotheby=E2=80=99s auction? Check outthis rece=
nt episode=20
<https://www.youtube.com/watch?v=3DiKBn7uxLyug> of the Coinbase podcast Aro=
und=20
the Block =E2=80=94=C2=A0which takes you deep into crypto=E2=80=99s most th=
ought-provoking ideas and=20
poses questions like, =E2=80=9CHow can DAOs forever change how humans organ=
ize and=20
connect communities and capital?=E2=80=9D=C2=A0

Every Wednesday, Coinbase Ventures <https://www.coinbase.com/ventures>=E2=
=80=99 Justin=20
Mart and Katherine Wu unpack crypto=E2=80=99s game-changing innovations, in=
terview=20
industry experts, and peer into the future of the cryptoeconomy. New this w=
eek:=20
Justin and Katherine define =E2=80=9CZero Knowledge Proofs=E2=80=9D and dis=
cuss on-chain=20
privacy with Jill Gunter ofSlow Ventures <https://slow-prod.herokuapp.com/>=
.=20
Listen to Around The Block=20
<https://podcasts.apple.com/us/podcast/coinbase-around-the-block/id15933327=
93?src_podcast>



 TOKEN TRIVIA=20

Which of the following is a popular NFT artist?

A Bumple=20
B crwdpleasr=20
C FEWOCiOUS=20
D Jeff=20
Find the answer at the end of the email.
Discover NFT artists=20
<https://www.coinbase.com/learn/crypto-basics/art-collectors-guide-to-nfts?=
src=3Dtoken_trivia_cta>



 NOW TRADING ON COINBASE=20

IMX=20
IMX is an Ethereum token that powers Immutable X, a scaling solution for NF=
Ts=20
that aims to enable near-instant, low fee transactions.
 <https://www.coinbase.com/price/immutable-x?bytes_new=3Dimmutable-x>=20
BICO=20
BICO is an Ethereum token powering Biconomy, a protocol that aims to=20
seamlessly connect users to any decentralized application across multiple=
=20
chains for relatively low fees.
 <https://www.coinbase.com/price/biconomy?bytes_new=3Dbiconomy>=20
API3=20
API3 is an Ethereum token that powers the API3 project, which aims to conne=
ct=20
traditional APIs with the blockchain ecosystem.
 <https://www.coinbase.com/price/api3?bytes_new=3Dapi3>=20
GODS=20
GODS is an Ethereum token that powers Gods Unchained, a blockchain-based=20
trading card game.
 <https://www.coinbase.com/price/gods-unchained?bytes_new=3Dgods-unchained>=
=20


Trivia answer

C FEWOCiOUS=20

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

 =C2=A9 Coinbase 2021 | Coinbase Inc.
 100 Pine Street Suite 1250 | San Francisco, CA 94111 | US
 +1 (888) 908-7930

Unsubscribe=20
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one!important;line-height:0!important;" width=3D"1" height=3D"1"/> <div id=
=3D"root" style=3D"min-width: 320px; background-color: #FFFFFF; width: 100%=
"> <div style=3D"min-width: 320px; max-width: 570px; overflow-wrap: break-w=
ord; word-break: break-word; margin: 0px auto;" class=3D"block-grid"> <div =
style=3D"padding: 0px 10px 10px;"> <div style=3D"text-align: right; margin-=
bottom: 24px;"><a href=3D"https://links.coinbase.com/e/evib?_t=3D3aca563719=
67418192255878e9689713&_m=3D93db12d64bd945eebf35bebb7ca78efe&_e=3DhQw2aUpQ5=
RyJcLRNVEX8xxY1PGNQQhgctNMYJfv19ReSKu0nxWCHA8LIDQkWXc09GyYTvoAl5ed1vCbeDKkZ=
m9dh7zFFbjDcHZi0GAgJ15jKMyFoFUDOAaWEd4m0ZsayKoM1Frjiai6WZZShiQlpFA%3D%3D" t=
arget=3D"_blank" rel=3D"noopener noreferrer" style=3D"color: rgb(91, 97, 11=
0); text-decoration: none; line-height: 1.5; font-size: 12px;">View in brow=
ser</a></div> <div style=3D"margin-bottom: 20px;"> <table style=3D"width: 1=
00%;"> <tbody> <tr> <td style=3D"text-align: left; vertical-align: middle;"=
><a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196741819225587=
8e9689713&_m=3D93db12d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfG=
C235VQl_w2giCwvPxG3_BijKXlBQiwuhfRwKsUjgpAqfgMeZUfgasiffQorBxyD-qlJO9K6QEpf=
pFJ-ls2FGcDzh3o2VKBCGn5mZsD1tu3ALkncF31xGAuh2i7a6La1F94wJQO2931_rY91MUyL8-5=
-_wUxlbc1UxRTjBXULf4ya2VG5RUm-ijDwGXvIXcxsAjyychvuAnAYFHk_AWwethHaixC7NhBQr=
VBLn1Hhdoyn2RjjeIzKM4cJhwY_guMAiZ8QBPlLKmEm0ZzEj9IqR_EGZ4mYZwTNLG_GZe2Yza2S=
I8Tt7ruQrBdLyFuy0MmVxRtTpuf7htxkaVXWDMZ5gTxQJoBtDtfu_rwALJe3wB" title=3D"Co=
inbase Bytes" target=3D"_blank" rel=3D"noopener noreferrer"><img src=3D"htt=
ps://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-4=
6bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/BYTES/bytes-holiday-=
logo.png" height=3D"36" style=3D"display: block; height: 36px;"></a></td> <=
td style=3D"text-align: right;"><p style=3D"font-size: 20px; color: rgb(10,=
 11, 1); margin: 10px 0px 0px;">12.16.21</p></td> </tr> </tbody> </table> <=
/div> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192=
255878e9689713&_m=3D93db12d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQb=
P2UfKrDoBdarLMKLmIfrkF469G5DyOKHhzt_ujQU-hcD2eejsyc0yT-YS_3kmKeTmZekXb1QXkC=
f4QupoPmSMuKTG2xnDplI_SuuH8-4YV_p_cXl4WjLqxcDGc2vavQidy8vg9TeyDSvWknNO47Gsc=
ArdTRkhJO9xEOg5lC71G5cm7YHckDhCofCyt-GWHRL5ByfNdU6h2m1l4xOe3WVQOgaYeNzgr5Ti=
oUej02_45nwkudZz48uVwnjl4xXjRHovBOFoOdAMXM0R1DEKDUYHNefaU8okPPR7gUkyrSA9214=
if91iv6OJX5zLIlsaZjZf2A7dR5RBUp_AOsMGc6ztxri1b0R6S7mj94gHpMfcOndMSTGe43T8hq=
_BBBlAhlbqqEUg%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer"><img sr=
c=3D"https://images.ctfassets.net/q5ulk4bp65r7/1u4E0Hs5IGaz7OGkO5jwxW/c273a=
f3e7317072fb9ce465ef7822454/GettyImages-176876900.jpg" width=3D"100%" style=
=3D"display: block; width: 100%;"></a> <p style=3D"margin: 16px 0px 0px; li=
ne-height: 1.5; word-break: break-word; font-size: 12px; color: rgb(91, 97,=
 110);"><a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563719674181=
92255878e9689713&_m=3D93db12d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0Enr=
QbP2UfLqHlP_JYaPe0PHFEmRK2Hg2Sq8Eb1fYvhpxhxfnm-W_SCJl4ZUY2Ib6nXZl4eawHhD5qT=
ywW0qrIElQQc8Qy3vWb1N1tmEI9Q4j0NLQ5lTPn5ErzK5299P11rNc_T5QO8aIrWMExIVmqCncs=
8JoZ_ImvrKkBEf3frxXFr_EPQ77nGAomNLGpE_1k_qj_rHhzbOudk7maA4HvcCO42oTtyQ2o3IV=
1DBtF9ZQpVxJp2eC9ZEIVpLHXnY0frm-pNklbioVF4k2wNjwYgvjjP1kzR1kQKg-4Tk7hXRdjI5=
Gp7WZxFdbJ9TQQMxNmlEjH76yhIZZsDbx3lpsBSKtk5qUkFN9deFXnW6Jf2c9Ft0qzAelUFVr3k=
PxD0r9Cav8bgXVUQ%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">Gas</=
a> prices: the bane of drivers and crypto users alike. As historic inflatio=
n impacts everyday commodities, what does it mean for Bitcoin? [alancrosthe=
waite via Getty Images]</p> <p style=3D"margin: 48px 0px 16px; font-size: 3=
2px; line-height: 1.26; word-break: break-word;"><strong>What=E2=80=99s up?=
 It=E2=80=99s Coinbase Bytes</strong></p> <p style=3D"margin: 0px; line-hei=
ght: 1.6; word-break: break-word;">There=E2=80=99s never a dull moment on t=
he blockchain. Here=E2=80=99s what you need to know this week:</p> <!--[if =
mso]><ul style=3D"line-height:1.6;mso-line-height-alt:26px;"><![endif]--><!=
--[if !mso]><!-- --><ul style=3D"margin: 10px 0px; padding-left: 24px; line=
-height: 1.6;"><!--<![endif]--> <li style=3D"margin: 0px; padding: 6px 0px;=
"><strong>Bitcoin prices are stalling. </strong>BTC is often cited as an in=
flation hedge, so why is it 30% off recent all-time-highs amid historic inf=
lation?</li> <li style=3D"margin: 0px; padding: 6px 0px;"><strong>Crypto is=
 revolutionizing crowdfunding. </strong>From Kickstarter to ConstitutionDAO=
: how fundraising is evolving.</li> <li style=3D"margin: 0px; padding: 6px =
0px;"><strong>The week in numbers. </strong>The surprising price of a Bored=
 Ape NFT, and other key figures to know.</li> </ul> <p style=3D"margin: 0px=
; padding: 0px;"></p> <!--[if !mso]><!--> <div class=3D"desktop_hide" style=
=3D"mso-hide:all;display:none;max-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://links.coinbase.com/a/click?_t=3D3aca563=
71967418192255878e9689713&_m=3D93db12d64bd945eebf35bebb7ca78efe&_e=3DeTlU11=
JAbvv0EnrQbP2UfBgjSvBvm090rb4_wm0vBMTpGRXiij13DIuTpPqg_LFk0qEpvqVEcGJxtCF5S=
-QDfdXjFh3uI8c6ETvcT4HKc243LhvW0lhxEh-mhbhKMainseBPLvgQRIFmFKJmiVeU9xLKHpAK=
gRu_O0Vm3L58thjepSOn1sj6RX3mlpX6Ei4Uy1711rzpBWSyT1MGgqiTFspvNymy835OOL6TWn9=
GQAzc9j5jIKZF_C3xLttWkT42A-mPkiOtShV1P7h_z4bv9xqqqJbIW0HHB7JsH8xPZsc4vkjAC5=
1ycrZPn3tumIJrEdNy6gHvj7kHEH8SMxs9bTJoAX3zuCywM3_73gYLiXTG99sAIrvDGor1gJySq=
iSmOLw-z9PbQaSV7ZmQmS4zjEGOu4JTuMbwbRIq-XrYh14%3D" target=3D"_blank" style=
=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D=
"padding:0;vertical-align:top;"><img src=3D"https://d15k2d11r6t6rl.cloudfro=
nt.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56=
371967418192255878e9689713/down-arrow.png" style=3D"height:12px;width:12px;=
margin:2px 0px 0px 0px;vertical-align:top;" height=3D"12" width=3D"12"/></t=
d><td style=3D"padding:0;vertical-align:top;"> <div style=3D"text-align:lef=
t;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>B=
itcoin</strong></p><p style=3D"margin:8px 0px;">=C2=A336,393.62</p><p style=
=3D"margin:0;font-size:12px;">-4.82%</p></div></td></tr></tbody> </table> <=
/a> </td> <td style=3D"padding-top:40px;"> <a href=3D"https://links.coinbas=
e.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D93db12d64bd945eebf=
35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfBgjSvBvm090rb4_wm0vBMR-02s1VLOINAf=
D42BNnEP3tbNXlElvp9Tlzp0GH8yebNiq2x7WUbI1wq0hf5M4-teUm7u581kqazKK8Bwz5BOcS9=
lh2mHA0_m73W_ADt-eX5wqOoQF0N1WZrh7hfWDgVmSw4XGgHhO20a7BDTnydPPC9Coy-tXMW396=
U4D0nHEriJATyDDI6HGuEdIlSPJTAiKv7RpUtU4FtSijoOuAK2hVjlcEBWqLkOEPfTCg_VHkQv9=
BA6j_wAqaqKg9pmmHdDCgedkkP3AS1GqXq7RdH0lIKsyMTuYEeGCN_eTcLvjvy70MIzFXXfgTCp=
0RbQi20UFa6HaJ88CGdA_fdaomICMXh2C7gczhsBe1IH9baOn_iWCnXv02JvK1ebHJgruqNc%3D=
" target=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <table> =
<tbody> <tr> <td style=3D"padding:0;vertical-align:top;"><img src=3D"https:=
//d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb=
-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/down-arrow.png" style=
=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" heig=
ht=3D"12" width=3D"12"/></td><td style=3D"padding:0;vertical-align:top;"> <=
div style=3D"text-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p st=
yle=3D"margin:0;"><strong>Ethereum</strong></p><p style=3D"margin:8px 0px;"=
>=C2=A33,014.13</p><p style=3D"margin:0;font-size:12px;">-10.33%</p></div><=
/td></tr></tbody> </table> </a> </td> </tr> <tr> <td style=3D"padding-top:2=
0px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196741819=
2255878e9689713&_m=3D93db12d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQ=
bP2UfBgjSvBvm090rb4_wm0vBMSxUudScOyWVoMFcWkoCVgACBdnJ9HGThTtVGQ-DAxLPojV_Az=
2s93lPDONRdH-YLfgAiOSWccFW7-BWjDfRPFsTWqW1RHh6EmAKsdKI_vrwfj43CsX3-9sVzTAE9=
amCiHOmIO1br5My7EFluQ4Zwt-_tk6XIopqA0gaEAuvQCHoZxghUcrR01Hv6sKAueVvo2ORjNM8=
FnFQ6XDDNEnhs89neMArB-wIQ7TryZPRhBFmKj0BR6tTV8oVhVgCLbNhqadAxDGUJdkD8GBcvbL=
XD_nTRAeijfdAsnA49eaFxolXsr90xeR0QralKBtAjgJlqKH1Oxw6wpQ8UWYYWdCzggi5gTXUcK=
_1YcMqfAE_StgI5LzdInyyYlHhhP8UWqcKPA%3D" target=3D"_blank" style=3D"text-de=
coration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;=
vertical-align:top;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/publ=
ic/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5637196741819=
2255878e9689713/down-arrow.png" style=3D"height:12px;width:12px;margin:2px =
0px 0px 0px;vertical-align:top;" height=3D"12" width=3D"12"/></td><td style=
=3D"padding:0;vertical-align:top;"> <div style=3D"text-align:left;margin:0p=
x 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Solana</stro=
ng></p><p style=3D"margin:8px 0px;">=C2=A3137.81</p><p style=3D"margin:0;fo=
nt-size:12px;">-6.53%</p></div></td></tr></tbody> </table> </a> </td> <td s=
tyle=3D"padding-top:20px;"> <a href=3D"https://links.coinbase.com/a/click?_=
t=3D3aca56371967418192255878e9689713&_m=3D93db12d64bd945eebf35bebb7ca78efe&=
_e=3DeTlU11JAbvv0EnrQbP2UfBgjSvBvm090rb4_wm0vBMTWIW6DFeFNHGI5wZbTvoEFR9x2jM=
LaARz5QGRrfJ5SSo1lSG23UDABqymXmXZ8wWD-87UodqFMAsGDsvtFaOnlg0ep0YfNmaZPgBgy4=
inQkiZssvcd2qBrJ0WxiOk7XJddWeYt-47iXBIF6ObaEPotlGLjkvFpBAf97yJfIwfBISho74vJ=
g4qllLxbnnhINIrxW2U1YA4JchbIZA38yBIIEOTQpfiyMM7zCeRvBoOwOLW7zAAWpZpgu64APO4=
DmXPp_APFyPCrtjb6rvweXBAHAd936cKEfsyFHBVjKnT3f3LxZDk3WmDaREkYfTuf477b9-pgi9=
5KblHwnOqkqmNhlYB7xPCbskbQgodbCmm3_QKQEO10h4sp-71FYWdo_1s%3D" target=3D"_bl=
ank" style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <t=
d style=3D"padding:0;vertical-align:top;"><img src=3D"https://d15k2d11r6t6r=
l.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6d=
d6a/3aca56371967418192255878e9689713/down-arrow.png" style=3D"height:12px;w=
idth:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"12" width=
=3D"12"/></td><td style=3D"padding:0;vertical-align:top;"> <div style=3D"te=
xt-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=A30.97</p><=
p style=3D"margin:0;font-size:12px;">-7.99%</p></div></td></tr></tbody> </t=
able> </a> </td> </tr> <tr> <td style=3D"padding-top:20px;"> <a href=3D"htt=
ps://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D=
93db12d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfBgjSvBvm090rb4_w=
m0vBMRxddpdIKFm7xTbuemywzU4zMvmgT0eC-qJtFdSHQGWXBheNxEvJnl6qDeora5g8eP66SbN=
D5V_c74bWHoTuklwLcFHiz1SxWG_zmXn5KohTip83bn4YRCnpY_YMWnTyLncr1eT1uHN0-JIxYS=
ICGxgRUw9KxtnNgRqkQpQtuVR6BO-UHblMzVSllghbPBEg15lkuqZwGmFlrgo5xZg61pkfZqsXq=
qNBa4ZbZW779jjtd2cCl59kvd2jcGQFVjC55dTxjZc_Df2R2It3A85BOyNx9fAGbP9GUFBjffvq=
kpBMXjCrvKG1MMP0jxR-nSxWQOOjUhpKMhi0FZ3oTkgAW4kJI4rqiDOr4aArOuYdEIVvZOCgx7_=
j2tsMeGv-JrTkxI%3D" target=3D"_blank" style=3D"text-decoration:none;color:#=
0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical-align:top;">=
<img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/=
669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/down-=
arrow.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;vertica=
l-align:top;"> <div style=3D"text-align:left;margin:0px 0px 0px 10px;line-h=
eight:1;"> <p style=3D"margin:0;"><strong>Polkadot</strong></p><p style=3D"=
margin:8px 0px;">=C2=A320.21</p><p style=3D"margin:0;font-size:12px;">-10.6=
8%</p></div></td></tr></tbody> </table> </a> </td> <td style=3D"padding-top=
:20px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418=
192255878e9689713&_m=3D93db12d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0En=
rQbP2UfBgjSvBvm090rb4_wm0vBMTwY09dE5fq_ELk1vc8DhWUI7pVq4zCW7n39EqpOKbrCaInL=
RqGwEyzWK5BavoCVgpYzTp_W5iQ0RJdV2tRO0q_sasC1YL_y_51Tclqa8S5JRETfkpM1AMXcONy=
USCfI-LXe82YiGhH4979OzDqKWso-G0mufcDFxULUY6ueFhhsGXV4TJjxFmcaNtcZyF1zvVGe1d=
1nMHAMx6rf3F_CcsneKsfhK93xfs1ybcP_fW9UyUfwwBwzehplhG2CqVJsFKxOi-YKR-5S7WWLr=
TrAY7haJspj1cDA3Xar5XEFsndQ_l57C9uK7dfe9uMOIkC1hlqDnNmwEUdugrTb-o_1LhNDwZjK=
FTy0c1ORwhMEtjSeRYQVAzJFmNL49_FK4AR95A%3D" target=3D"_blank" style=3D"text-=
decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:=
0;vertical-align:top;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/pu=
blic/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418=
192255878e9689713/up-arrow.png" style=3D"height:12px;width:12px;margin:2px =
0px 0px 0px;vertical-align:top;" height=3D"12" width=3D"12"/></td><td style=
=3D"padding:0;vertical-align:top;"> <div style=3D"text-align:left;margin:0p=
x 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Avalanche</s=
trong></p><p style=3D"margin:8px 0px;">=C2=A379.43</p><p style=3D"margin:0;=
font-size:12px;"> +12.52%</p></div></td></tr></tbody> </table> </a> </td> <=
/tr> </tbody> </table> </div> <!--<![endif]--> <div class=3D"mobile_hide"> =
<table style=3D"width:100%;table-layout:fixed;margin:0;"> <tbody> <tr> <td =
style=3D"padding-top:40px;"> <a href=3D"https://links.coinbase.com/a/click?=
_t=3D3aca56371967418192255878e9689713&_m=3D93db12d64bd945eebf35bebb7ca78efe=
&_e=3DeTlU11JAbvv0EnrQbP2UfBgjSvBvm090rb4_wm0vBMTpGRXiij13DIuTpPqg_LFk0qEpv=
qVEcGJxtCF5S-QDfdXjFh3uI8c6ETvcT4HKc243LhvW0lhxEh-mhbhKMainseBPLvgQRIFmFKJm=
iVeU9xLKHpAKgRu_O0Vm3L58thhVJsUbfRD8NdchRZcY8tugShwG9-fgBxQFdrpYBRyyBj6QAWV=
R0j-1VKEnt7WFR45yWgKa2OrVOjH1KcMjKYTu8RLxTAcVGKj8UMdP_zxcEaGPWcJESUVqLtY4f3=
RLuhC-1Z04ik8D1Ejug6u2W3FPc4Ik_75YynvfMHxDu805FFFH44KmpZhp6N-rmKYpLZE419Q0e=
JmUt97_sj1Wa01t2J16UXzJuweNau2z6ewElpfR0lCKDNq8iPD-2k0eOWY%3D" target=3D"_b=
lank" style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <=
td style=3D"padding:0;vertical-align:top;"><img src=3D"https://d15k2d11r6t6=
rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6=
dd6a/3aca56371967418192255878e9689713/down-arrow.png" style=3D"height:12px;=
width:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"12" width=
=3D"12"/></td><td style=3D"padding:0;vertical-align:top;"> <div style=3D"te=
xt-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=A336,393.62=
</p><p style=3D"margin:0;font-size:12px;">-4.82%</p></div></td></tr></tbody=
> </table> </a> </td> <td style=3D"padding-top:40px;"> <a href=3D"https://l=
inks.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D93db12=
d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfBgjSvBvm090rb4_wm0vBMR=
-02s1VLOINAfD42BNnEP3tbNXlElvp9Tlzp0GH8yebNiq2x7WUbI1wq0hf5M4-teUm7u581kqaz=
KK8Bwz5BOcS9lh2mHA0_m73W_ADt-eX5wqOoQF0N1WZrh7hfWDgVmSw4XGgHhO20a7BDTnydPPC=
cG__5HG1b8c7yCdLBeIe3CX3Lv1VPbT9F82e-ymaQqFjjEW0v-kp4TOl7Fkxf_3G_JR4_I0P3ix=
ffFIcOOZeDykvdmSxVoL8LK1HSAhFa6gbITTBlaciodO8b83BiAUE0NyOikltlCoNO2MrIgQQEf=
Rt_xe-29V5FLrOlJOaw6sZkD_-4EfT0NGEuGXW8FhsTjyp9ITO7TKgIgzMVgPa50A_4Ltuj0DjA=
1vO4Pw5aw%3D" target=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D=
;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical-align:top;"><img s=
rc=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d57=
13-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/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-alig=
n:top;"> <div style=3D"text-align:left;margin:0px 0px 0px 10px;line-height:=
1;"> <p style=3D"margin:0;"><strong>Ethereum</strong></p><p style=3D"margin=
:8px 0px;">=C2=A33,014.13</p><p style=3D"margin:0;font-size:12px;">-10.33%<=
/p></div></td></tr></tbody> </table> </a> </td> <td style=3D"padding-top:40=
px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192=
255878e9689713&_m=3D93db12d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQb=
P2UfBgjSvBvm090rb4_wm0vBMSxUudScOyWVoMFcWkoCVgACBdnJ9HGThTtVGQ-DAxLPojV_Az2=
s93lPDONRdH-YLfgAiOSWccFW7-BWjDfRPFsTWqW1RHh6EmAKsdKI_vrwfj43CsX3-9sVzTAE9a=
mCiFoYwNzEnoB9kXrHrNE5LNSoex0CM7238Fz33K54KY406xFU_pEigrTvhyTjlUBEFu1IZTYb5=
iwyMgsYVm9d9obYi_4WnPX0iAaw-7ivogWljoMZ7gUeVMdXEJKJS8_HM35uRXqVKJxqL95M7arM=
hZ-LdRJH7EqNwYIMFDzd3IL7hK2_4emYTT9GskGvh8NWow9T_Llbg1pdisX7KtCrxdA8ixmk_Xk=
RENyBPpglH_ZNFvPijlUGQ7z_NpzIaFfeSQ%3D" target=3D"_blank" style=3D"text-dec=
oration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;v=
ertical-align:top;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/publi=
c/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192=
255878e9689713/down-arrow.png" style=3D"height:12px;width:12px;margin:2px 0=
px 0px 0px;vertical-align:top;" height=3D"12" width=3D"12"/></td><td style=
=3D"padding:0;vertical-align:top;"> <div style=3D"text-align:left;margin:0p=
x 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Solana</stro=
ng></p><p style=3D"margin:8px 0px;">=C2=A3137.81</p><p style=3D"margin:0;fo=
nt-size:12px;">-6.53%</p></div></td></tr></tbody> </table> </a> </td> </tr>=
 <tr> <td style=3D"padding-top:20px;"> <a href=3D"https://links.coinbase.co=
m/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D93db12d64bd945eebf35be=
bb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfBgjSvBvm090rb4_wm0vBMTWIW6DFeFNHGI5wZb=
TvoEFR9x2jMLaARz5QGRrfJ5SSo1lSG23UDABqymXmXZ8wWD-87UodqFMAsGDsvtFaOnlg0ep0Y=
fNmaZPgBgy4inQkiZssvcd2qBrJ0WxiOk7XJcNaOkty2L3Q9qxC-mJbZytZTtmPyz4S0y6AVGhA=
3r3yTa_JOUgGD_e7DfeKsC8ZAY4mdYm-vcGj5i1wBRecPW_XfxXQBpcVwUl80yu9Z-nJbSXzDnO=
gWDL_NOeITeYPsa6pqcJh_o4xM6GYMlRTkoL1YhLjI0Wyx31EtCl5A9BRKxA3lgwrxljLyQqA0j=
C46SA8bEfaF1yUvS1srWiRZI5xorOlvWmiBDcMllRj2hGkDSWroT5tI26CtadsKdSIWI%3D" ta=
rget=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbo=
dy> <tr> <td style=3D"padding:0;vertical-align:top;"><img src=3D"https://d1=
5k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7=
e-c542cff6dd6a/3aca56371967418192255878e9689713/down-arrow.png" style=3D"he=
ight:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"=
12" width=3D"12"/></td><td style=3D"padding:0;vertical-align:top;"> <div st=
yle=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=A3=
0.97</p><p style=3D"margin:0;font-size:12px;">-7.99%</p></div></td></tr></t=
body> </table> </a> </td> <td style=3D"padding-top:20px;"> <a href=3D"https=
://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D93=
db12d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfBgjSvBvm090rb4_wm0=
vBMRxddpdIKFm7xTbuemywzU4zMvmgT0eC-qJtFdSHQGWXBheNxEvJnl6qDeora5g8eP66SbND5=
V_c74bWHoTuklwLcFHiz1SxWG_zmXn5KohTip83bn4YRCnpY_YMWnTyLncr1eT1uHN0-JIxYSIC=
Gxg9QoUVl1OC5M-Vxcvmg9xQ90ZXUeeu8dvKOF1P4aO4l8Fk6ZdZapXkLoBZba43DBg8AjC0Chr=
p6RAmdkS0nk94hCE21YzYRtkKZaRA-pakaiDUU08ZhhZlwEwcIc7XhQgwqVar0I0V6FntrPAE3g=
Pun448V4209mIJ6qbQHIVQpZra63XRrryw2F9rhm-knmjJjbmTKbAxVmqMq8020JuZIuCtbQi7j=
A0FBlKpwBVBV8%3D" target=3D"_blank" style=3D"text-decoration:none;color:#0A=
0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical-align:top;"><i=
mg src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/66=
9d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/down-ar=
row.png" style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-al=
ign:top;" height=3D"12" width=3D"12"/></td><td style=3D"padding:0;vertical-=
align:top;"> <div style=3D"text-align:left;margin:0px 0px 0px 10px;line-hei=
ght:1;"> <p style=3D"margin:0;"><strong>Polkadot</strong></p><p style=3D"ma=
rgin:8px 0px;">=C2=A320.21</p><p style=3D"margin:0;font-size:12px;">-10.68%=
</p></div></td></tr></tbody> </table> </a> </td> <td style=3D"padding-top:2=
0px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196741819=
2255878e9689713&_m=3D93db12d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQ=
bP2UfBgjSvBvm090rb4_wm0vBMTwY09dE5fq_ELk1vc8DhWUI7pVq4zCW7n39EqpOKbrCaInLRq=
GwEyzWK5BavoCVgpYzTp_W5iQ0RJdV2tRO0q_sasC1YL_y_51Tclqa8S5JRETfkpM1AMXcONyUS=
CfI-LXe82YiGhH4979OzDqKWso4T2rhOmqxHluenbjfI5SQwpSccY18efdH2gLMv5nECr7dRxLy=
GFBT_nYlKyvs4b3xlssrymKVpNFnfbPPCmVkGN4OEnz6pJA5GZDt3M57wYe9WU1xpFyWGcjGYrC=
LqEC-F4FPi0gL8rJkq46eOQ6S7ZHHiXqqljNG7Fiij9HVPa1P9YW_K5jCUTLc3V9BFAtbkC9f5a=
sEGVMgT-iAmrtc3SG9icPW77LTu68qNW3fqo%3D" target=3D"_blank" style=3D"text-de=
coration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;=
vertical-align:top;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/publ=
ic/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5637196741819=
2255878e9689713/up-arrow.png" style=3D"height:12px;width:12px;margin:2px 0p=
x 0px 0px;vertical-align:top;" height=3D"12" width=3D"12"/></td><td style=
=3D"padding:0;vertical-align:top;"> <div style=3D"text-align:left;margin:0p=
x 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Avalanche</s=
trong></p><p style=3D"margin:8px 0px;">=C2=A379.43</p><p style=3D"margin:0;=
font-size:12px;"> +12.52%</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;">P=
rice changes are for the past week, ending on Dec 16, 2021 at 01:07 PM UTC<=
/p> <div class=3D"cta_button" style=3D"margin: 24px 0px 0px; padding: 0px; =
width: 50%;"><!--[if mso]><table width=3D"100%" cellpadding=3D"0" cellspaci=
ng=3D"0" border=3D"0" style=3D"border-spacing:0;border-collapse:collapse;ms=
o-table-lspace:0pt;mso-table-rspace:0pt;"><tr><td style=3D"padding:0;" alig=
n=3D"left"> <v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=
=3D"urn:schemas-microsoft-com:office:word" href=3D"https://links.coinbase.c=
om/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D93db12d64bd945eebf35b=
ebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfBgjSvBvm090rb4_wm0vBMTMLvsnv5UIxs1X7d=
pV91QCXrOsMxu46jZCcFWzphJHVPF6CorZkO-4bIiXqDRIZrpHFqQ7YD-EabFTM9R-HDIWMCVVH=
4OMpp-tq8Ox2srW89BVNtmB13ptW2Ygv6mdIHVCJR1vTmXlqtZOF_xDAmSarDRjHeqKjYZupGMg=
EYknmokTNI3gfICS9X2fQidb0EXaIfqLO-oQ4LKqkdlyZw2ckeXDllCAy-X3Bwti4zUzg6P5qbR=
XgwXhm0veoaIgrdOGKatooGF9MnL3ZkL1wd5Efg2ysQTPPSzfGUEiSdkP0AGsooJ8PiBJPnsmtT=
GfYUVo6Us_6YQkHgOv47j5uUZQ" style=3D"width:350pt;v-text-anchor:middle;" arc=
size=3D"17%" stroke=3D"false" fillcolor=3D"#0052ff"> <w:anchorlock/><v:text=
box inset=3D"0,0,0,0"><center style=3D"font-family: Helvetica Neue, Helveti=
ca, Arial, sans-serif;"><![endif]--><a href=3D"https://links.coinbase.com/a=
/click?_t=3D3aca56371967418192255878e9689713&_m=3D93db12d64bd945eebf35bebb7=
ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfBgjSvBvm090rb4_wm0vBMTMLvsnv5UIxs1X7dpV91=
QCXrOsMxu46jZCcFWzphJHVPF6CorZkO-4bIiXqDRIZrpHFqQ7YD-EabFTM9R-HDIWMCVVH4OMp=
p-tq8Ox2srW8zEZkxwvKwmXqOpiX1tnFdLjLH5FfEEk34e6r7PJk9E0PqHba3rIaQAGyVsHKPaw=
XLqckHCEyI4JLvBMNrR7BDccaG4tNE6mUWO2Ql-I_LSvu56Gw73YASDvgzlix2uzWzWuxIR2Abl=
sSLTz1iS3LC1AG7JjW8dy2eBQPnkK8awRFjAV6rvgwXUw07rzJ17Az0TdXvixN0G3YlxQNepWJx=
q1xUNxmZBnI3Pw-wp_WJBi" target=3D"_blank" rel=3D"noopener noreferrer" style=
=3D"display: block; margin: 0px; line-height: 1.2; font-size: 16px; text-de=
coration: none; color: rgb(255, 255, 255); background-color: rgb(0, 82, 255=
); border-radius: 8px; text-align: center; padding: 18px 0px;"><strong>See =
the latest prices</strong></a><!--[if mso]></center></v:textbox></v:roundre=
ct></td></tr></table><![endif]--></div> <table width=3D"100%" role=3D"prese=
ntation" valign=3D"top" style=3D"table-layout: fixed; vertical-align: top; =
border-spacing: 0px; border-collapse: collapse; min-width: 100%; text-size-=
adjust: 100%;"> <tbody> <tr style=3D"vertical-align: top;"> <td valign=3D"t=
op" 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"presentati=
on" valign=3D"top" style=3D"table-layout: fixed; vertical-align: top; borde=
r-spacing: 0px; border-collapse: collapse; border-top: 2px solid rgb(222, 2=
24, 226); width: 100%;"> <tbody> <tr style=3D"vertical-align: top;"> <td va=
lign=3D"top" style=3D"word-break: break-word; vertical-align: top; text-siz=
e-adjust: 100%;"><span></span></td> </tr> </tbody> </table></td> </tr> </tb=
ody> </table> <div> <table style=3D"margin: 0px; padding: 0px;"> <tbody> <t=
r> <td style=3D"margin: 0px; padding-right: 11px; vertical-align: middle;">=
<img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/=
669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/dot-1=
.5x.png" width=3D"12" height=3D"12" style=3D"display: block; width: 12px; h=
eight: 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> MARKET UPDATE </strong></p></td> </tr> </tbody> </table> <p sty=
le=3D"margin: 5px 0px 0px; font-size: 32px; line-height: 1.26; word-break: =
break-word;"><strong>If Bitcoin is an inflation hedge, why are prices strug=
gling?</strong></p> </div> <p style=3D"margin: 16px 0px 0px; line-height: 1=
.6; word-break: break-word;">On Friday, the U.S. Bureau of Labor Statistics=
 <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637196741819225587=
8e9689713&_m=3D93db12d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfI=
qBuzxkC4eUvyfu31Pwl_G2ArLmgP6_dkWIN2mR8EE6e6r8pv1oNIzH_hsEq77JOqJ0YHyDcPrvP=
lrWqnCBR0roxL8iu6M_TYS9vuE41mcxRsfWfD6xWFIUW5iMuaA5FQqlUD6T6FkXJElJlybUs_Ta=
fbgBzNYAiqk8IniDDmfjwr0w-HNgDlBVN4exuJefMCD_ISEW3Mu_rIVOEfBLIEivJJqv7qBj-WH=
pXVYdIg44oh-5fK77FvXvBBcVdXO-sH4QybrRnuIWsEmR2aVNUCWWhfJpv5QA0d6WHcqm9cIMg-=
gV0GDECkblt9uUZPEg9k7bh7Bc49cWK7sw2W0-oct-gPL0ueOThZKHPVpMSg52Iy_M6ZoRP_n7r=
KttQueO2Q%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">reported</a>=
 its largest 12-month jump in Consumer Price Index (CPI) numbers since 1982=
. You might expect Bitcoin =E2=80=94 which was <a href=3D"https://links.coi=
nbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D93db12d64bd945=
eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfNY9a5vJJaUqEAzQTawq4Fi8Q1K1LHC=
EsxNrnv2zjEHBOiV3hE-mwzhH55qv9i-R8Kzr1KMaqD9bBmeZrBLgw81tTtGiUZOMfjQgKWzWK0=
X4Vb9eCY1NbEGuwcz0Jam6au-fkoWwWmQ4GFmZgLD279WbMglbmSviYIMAkemb1AzQTFv1J2Tuc=
cXw99tSo2GSg37w_UJYyCu6WbBvdvtVHMC4PaESREYAY2NRBCaiiQsdklLFScf84Kn3lQ859VKo=
Ku2mA8hhmE8cwZYqQKQKMLEvK6xMWC3E0hmCG3rKmEqf-hXsdQz2nhnx6MZBcxXtgPJ6y4uwxSZ=
7oxfsFktrt_M2wlW4tNmb0o0bDEq3lUNq5-mUlIWUloV_mIlkNQ5uA2PljDpSKjt24bkKzT4WIv=
gAUCGoXO7Oa3uwWpcpdlRv" target=3D"_blank" rel=3D"noopener noreferrer">desig=
ned</a> to be resistant to inflation =E2=80=94&nbsp;to rise on news of the =
highest inflation metrics in four decades, but after jumping around 4% in t=
he hours after the CPI report, Bitcoin forfeited its gains over the weekend=
. And since reaching a new <a href=3D"https://links.coinbase.com/a/click?_t=
=3D3aca56371967418192255878e9689713&_m=3D93db12d64bd945eebf35bebb7ca78efe&_=
e=3DeTlU11JAbvv0EnrQbP2UfNY9a5vJJaUqEAzQTawq4FheAsBPYsz_yb9XS7a4fwT18h0y3K5=
jscYv-QqkqQVBFBYKxJgxrhjEKifdEDx875Z4R2INQoAdHWqyx4FO1Z4XOoaxMyllCW3tv-df-Q=
w2xImaYTtHquCSD6dgdVrLgJ0qaFijpzX5ueVqpREw6Y_DaamUUuIUWajl7DekfsZ3PWDXhE7v3=
gSey75kx72y0655YldgtUTr3SyUrRnq3sukWTbFNGXLTIAm4ssgiKpi1ZfqEGwwEbc6AgoYOl7w=
TwIy7EdkHDT4Bt5llnuaA_OCxsJV33p7zp3s6am3aLb1x38PE2dHZmg1o4JTLkYNlB7mUTAtf8q=
K_E31USBP-DdUsqEnDsB0Bu2Rs18Nw0QX3Q%3D%3D" target=3D"_blank" rel=3D"noopene=
r noreferrer">all-time high</a> near $69,000 in November, the cryptocurrenc=
y has been broadly trending downward even as global inflation has surged. S=
o has Bitcoin=E2=80=99s value as a <a href=3D"https://links.coinbase.com/u/=
click?_t=3D3aca56371967418192255878e9689713&_m=3D93db12d64bd945eebf35bebb7c=
a78efe&_e=3DeTlU11JAbvv0EnrQbP2UfLxjcQxSwBUhX9uAbWeYKcXJ7xd_McvoK7RmRmKhrMW=
46Biln1QJ0AMnWnuyAm37VOxBqdBY9T1-m1oVeFN7VabpsanJbC19YJJnj0omkWwr8s87wLRPVy=
NYrEAZSl8CtI1-vJ8vVwRcSyeDoa0K-q1TdfQL_WmTWxHIaDkuni5zr1Jdk6ocb2XHXvC4z9D0A=
GvmTutRPAmV2eNG-1lbtaxfTE0hcfIpdDtfGvcP3bX_KTqVNLtL_b-FhNSsah1LgarHDT8sPgry=
uV97fE_gcPMhDvJe1JcVt0NT2FcQBTOMNnBq-6R2a5htiv1HRYQD5E-fCnoHCQmDMCwwXUVuQUn=
OPqjIz_RsmzG7PZD4enZoDh5LfgLRn30CfwOFcuRD6zhlPiCAIHaRD0vyTF9blyf7Geh8nHn-fJ=
A9TyYsG9m2zrHUCHcZfqh88S262TBWig%3D%3D" target=3D"_blank" rel=3D"noopener n=
oreferrer">hedge investment</a> been overstated, or is something else going=
 on? Let=E2=80=99s dig in.&nbsp;</p> <!--[if mso]><ul style=3D"line-height:=
1.6;mso-line-height-alt:26px;"><![endif]--><!--[if !mso]><!-- --><ul style=
=3D"margin: 10px 0px 0px; padding-left: 24px; line-height: 1.6;"><!--<![end=
if]--> <li style=3D"margin: 0px; padding: 6px 0px;"><strong>Despite lagging=
 prices, Bitcoin=E2=80=99s network is hitting all-time highs by a variety o=
f other metrics.</strong> <a href=3D"https://links.coinbase.com/u/click?_t=
=3D3aca56371967418192255878e9689713&_m=3D93db12d64bd945eebf35bebb7ca78efe&_=
e=3DeTlU11JAbvv0EnrQbP2UfHm0M1X0T_Vcqf_F6BvGD-PEzhRhuf9lo3kU6R3gVkSyTUuiYqy=
sEVePPh5NUdE5j2V41VNXnijVGjZIWvQINtStyAPA_Pz3lugfr_NRtonXllWW3HaO7rpn2YzJ0i=
sxQ3yVoGMDS0YtDfASeqZE1Z8mYMqbWkwh6N_WfFZ0r5TAbqzOiNiXIaLxEDdT-_2LJSkSr_KuS=
NdhjTMla8_joRs91Tp4VZpnabsVXc0JEUrv6bk6Z8FxakoBSyDSdDQ6CKTR_yPAJoC_c7sAsZOI=
iR7bXWagSG9x0cBuNDaj15W6ROqzGkJeE_Bq0m9hQ67kj_-R5p6OFw5ZEC-kruwWuPMiiyXkAhF=
_rXn9_LG-nQ8nbIQC4WvugCDvodqfIgoUshGvPYmDmmiFMBsIQLSfryVvAQ7gSg5BRv1ZxrCdoP=
NL7C5ZcuKhgaGMqStHCYJmzMdLvRnfFnd74OqRVATDwbo%3D" target=3D"_blank" rel=3D"=
noopener noreferrer">Bitcoin=E2=80=99s mining power has fully recovered</a>=
 since falling sharply after China=E2=80=99s <a href=3D"https://links.coinb=
ase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D93db12d64bd945ee=
bf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfEEDObjF4r34vlTEZ9DbJFVPObzakwK4p=
6Nwn9q_tcjiubV7tIkTrmdy5vUew-FSN9iabTz4ThIay8xCHlnLLEvKBPft4ewrDVqii2L8fkCq=
p0OloiAZhHTPja5smjbmLttO1CeAaO0TCPXB5lYzxOPcORnWliV2PVKTnhvrMODUbXu6waYzpQ8=
_faKLT6DEeYrcOi9k0EIe_Wl2YP6XLVqMZ3U1krzEz9lWwYYWaZ5Bmn2Pl6F72Gs8ecTv97q2HH=
corTsppKsA4pUrPviLxRadGRZqJ6WJ05AltYcp-e9qRcVZzJVSpYIY3JW8a5s1MpwPOFu2s7-zA=
VRIkODvFjtQ-NKD6JnUDzxNsACjG3e0vhTOOni9UiCpannikqK_Pu4X7nwH3UtmGwNt5xWCVhJF=
2mV--NlonMdylbU8ZIe58s2mw3C48S7truIykcCHh9cmGM-AA7DfE74CC11L5NNVGgkcYagarBg=
MjpC6IJjU" target=3D"_blank" rel=3D"noopener noreferrer">midyear</a> mining=
 crackdown (The U.S. and Kazakhstan are now <a href=3D"https://links.coinba=
se.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D93db12d64bd945eeb=
f35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfHm0M1X0T_Vcqf_F6BvGD-OBXAarpmgsEa=
OMGwn2vTlNxyvvSb2rWxG9YsENFaq3nQGJegU2qpx44AJ0u9xW3gP0RouQ7Fm6hjYoKaGPYcJtQ=
ma_ygEOVVyxy_oshkPifiKIEuSGHYLr3MVYzCLBLPnbEjwuhEHaAUAzp6Etu-HrJ69naW6GXU6l=
uOCzX23ZnuuOGD2OVBbDnRBHdvz7LZt2DpNxDCBSS-m_IIbVSdD91wgOg2Dmb7aHUF7RaZ5sdqB=
xaiS1OtjagXkgKQ7pfx3VSqxSD7tQh72Ms-DOwWARS3tVFaZMCcM9AXFXssAjaVqfRrx-75dJmj=
DH3WDEZ31qUYFHvPuVvlPK3OP4Hy50rktHBi3MU0i0utrQnYv5KnjIx00uAae8q8YILXLIRLJgg=
LZ79HyJ5UPQYbsjM0gGANi3e8yCxtlMPzRtFVRAt0YezPf7R2UgjF58HbWuiHU%3D" target=
=3D"_blank" rel=3D"noopener noreferrer">top mining destinations</a>). Meanw=
hile, a <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563719674181=
92255878e9689713&_m=3D93db12d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0Enr=
QbP2UfMpwl0T2qzaB5BJdjHcfSyTCXLvmcNzT7V04X8G58ciFmeJBKto3iz8WiiDD7DDiLxM2bP=
Br9Jv64UFh5eyYPIisOgcBAMo4lfsATvh2J4lxNxhN8fWqspl8nrypEHC9Yc7WO2qUQZdumWkiS=
hQ8n4Pu-sd5VsS1-MgPZhCaya7DBuWjFIMJgfQo6fTJvcGNg8MwY8LzwN3PQ6z-Y1jL58VpX9Qs=
XEE6s_srO0CbGDbC7Jmmd1imEI0ESpIoMryarnMm9yuI4EIy3rRBrSPh_FSAiY7hTUv4xfkAqOD=
ARqYIf_ASLzZtx4SAuLxV1A6FjSHqCL5e2mydA2l_W0a0S8_epvVPPdRRQxYlnqc_f1QMGI8JjP=
KflcwrqQMXiywSNA%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">recor=
d number</a> of global computers (roughly 18,000 =E2=80=9Cnodes=E2=80=9D) a=
re operating Bitcoin=E2=80=99s <a href=3D"https://links.coinbase.com/a/clic=
k?_t=3D3aca56371967418192255878e9689713&_m=3D93db12d64bd945eebf35bebb7ca78e=
fe&_e=3DeTlU11JAbvv0EnrQbP2UfNY9a5vJJaUqEAzQTawq4Fi8Q1K1LHCEsxNrnv2zjEHBdC-=
MXjVoqVRL3O4V9WEwI1tCfYdopx8FJ2dVU5B-gUBYx4cD0Jf6NO3E44f9pYq48O6Y7nkpSSJe56=
PG3XigIa8N3S4m3eriBxmeaVuBi6FJwu-6LVSvKDhkQx8ooQX1_nAM3D30aCiAiwv4zKch8beSS=
G2leRiQ6W79qvaunEMilXj8UPb3Q7y-iusfTce7RqJ4QZb4rYL12K18R4196dm9Xn7ix0SwplMn=
UY3mpHjGH69JI89vbSws2LGw9NEn_JkZx2B9F1acaM0xpkoBwIuae4AUyBdBG3TahdPDUajo4Hp=
8kRylqlqNIPBdAVQMKx5XtCVG1HyQ8LDaaa4LXotGsg0Yw4QIbk9YlMc8Je9D8ltuXfujk7-Weg=
CkJeN-" target=3D"_blank" rel=3D"noopener noreferrer">Lightning Network</a>=
, which enables faster, cheaper BTC transactions.</li> <li style=3D"margin:=
 0px; padding: 6px 0px;"><strong>Bitcoin=E2=80=99s limited supply is key to=
 its potential as a hedge against inflation. </strong>Around <a href=3D"htt=
ps://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D=
93db12d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfEEDObjF4r34vlTEZ=
9DbJFXxCZb6tUC7RKKwwsgU9IYHiMwPuS2GOcS9u3rWEGyF_s4t4sCQSiSohmcgO6UpvtqVH1iF=
DgAiqUwxz3pdYREHx4_YqMMlrXJ5vmy_R8T47bQi00odHhkDSrNt8Gm2tvDjgqWbodmVDByB56d=
hJy-IzagIjXWq3ic_oXKs3PKhXMNQRWv4jJXUPrusktPvuToPvx3GO5craKa_0yLvnpEQ8FdEr5=
kfEQMmFF010_6FqPQu_xkGbnf7LleemtSnow8JvWwVpSJpJEIZ3LGCifvRpci7BiMz4LytBTV4w=
_ikBIznsXCV4wENPYN8W1ejcbIEpZhOwSNcmfe-JY92mEoGaMV3NkqkbEgvZpetQs-c0nb_Ms65=
w3hEQgtCEI1cv48oqpsmNxy-4PQzqw5oMjQ3b6sIXNq-iJV8cx1a7o6rPGabuhZEdLZNW0PoWzh=
Vd2c%3D" target=3D"_blank" rel=3D"noopener noreferrer">90%</a> of the maxim=
um 21 million BTC that will ever exist has already been mined and circulate=
d. And while the <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563=
71967418192255878e9689713&_m=3D93db12d64bd945eebf35bebb7ca78efe&_e=3DeTlU11=
JAbvv0EnrQbP2UfKbIp3dVuEI5KQpM8LqyOBG9zIXyx0_AVOL80iK4pJ0hWriNT-W25z3esKtRD=
qeF94cVyj6Rw5r4HHT-LkLGN9KdQ7VNwkbqBLHjO7YgzWMeJ3KD3f8EMPDmaBnzUFOgJFBvvtUn=
vEIzmNATbN99JbbxmMObPpvAoV8A8IpNglmLOdOM_ud1z-vG3ndVDvfbqNpiQXbR94_Y4-yWgYe=
wBAA79cDj7WTAF1C0pdbZI46XmNw2rB-ItT7-Bq2cNpVKclZJdtpHOrJ3wtJykq4e9noBFLTLM3=
FIP4kLwvAcyX5B82Pycrdt9f9iz05sm47f6E_U_HpZG04vxeykslOG9E-_THt28cM0BfoaJtC-A=
t9Bg66wls2LhNiGVHEauXC1qPJo1r6hHQ6qDBBMemm48Lg%3D" target=3D"_blank" rel=3D=
"noopener noreferrer">supply</a> of BTC has increased, as expected, by 4.2%=
 since the beginning of 2020, the supply of U.S. dollars has increased by <=
a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e=
9689713&_m=3D93db12d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfJGT=
qCZX_sK9U9wqe86-Ioz8WNs6_F4I1ZYLu6b5BpQZJ2LzPiTJHr4BIwz43PYLhve_tzWxmQOwsPd=
L2E8kikZcv0kvtZ9a_16c069GRBRJ9knVxJVackEz2M5e0hAk8APLcm05dvFx405YZj51q1KJa8=
y3GI2WduLMj5LJERJQOJFHKWEPEZfIofNSSsR_MngyrcZu51OF4EV8EU7sW_MaFMJ_YYVCm1ZaX=
mmeh-g5oCYXu6-7cZzGgkVL7ILyQzQMoof0BrVlrP7tqPED-gT1XMCMwwIzEm6IYcghqEoB0em2=
XsBhuS1VZCt2fNq7mslUUmTL4-sys3foiROqugmcvdF8ONmIm5QA6zHwAiOyBYeohPFwmbzGYUT=
0BT1oU0Wz8G46FdiUc2Prk6x9zbI%3D" target=3D"_blank" rel=3D"noopener noreferr=
er">nearly 37% (around $6 trillion new dollars)</a> as the government and F=
ederal Reserve responded to COVID with an unprecedented <a href=3D"https://=
links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D93db1=
2d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfAeCkTbajWC4D5hpIho3wh=
ZK8IxkbY4AtD4bF2dR7TAoXZQBJdmeCWwqT9iuMroX3iSi7IzJ6rPzhWo8N70ZACQUIiEXKCPGx=
8JOKzniLRM1DX4dqsrzy7Ach3dOD9oFSPs9a2U9PHsZXpDVTbiTNXfiuKMGQQBynJ-WS265HCHW=
V4MPkYUDCe5O3SJmvxwn8SNidCez6jW7yG7gCS6sB_qCkP-Di4rEwkeGt-aRxyQOiY8z0xXTatG=
ESpO1kBHy9-8havtuCLfEupvRDdgG9RyXeAig3d6sab6ElEve2cH51hD192UCJghPXsEmk0XnX8=
xMQMTX7Dt-kM9dHZb5NWN9y7BCt2Ae2uTJTERte6teWAxBbxhs2qCaqkw1TN94ka0ruLjjjo1nw=
pCK8bBwac5yI0qqELGcY6RsG7Mwx_JdsrghGZ0aADtwwHc2pGrVepsx1j5IoAJj4jTisixnohyD=
t2qNW5XJNsFWF8vX6TCqmP3vTxlqqQMgejI5PSxWUg%3D%3D" target=3D"_blank" rel=3D"=
noopener noreferrer">=E2=80=9Cmoney-printing=E2=80=9D</a> strategy and othe=
r <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563719674181922558=
78e9689713&_m=3D93db12d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2Uf=
APHExVWWUCKDwOjPr06vB3BuYlsN2fQOHYssaVqcHm-hojNFRBs0oobzU7xInFIfV3HJN00SvF_=
bnehZR6bgE0sitPlo0CJ4qNqLZH-aVe7eaQXLGveN-rtAtgiIgLspMzfVdcGqRG2pxsgpp9V0mW=
H5MuOlRmGMvGOtQczgs2lGL7v2XX7Fqqjro1M4hj9V_tKBcE4bcR0Lk6_gNH62bitR7ucX6AGCE=
haWZqV2_JRH1dDfqRGj3aWpZM9EIzeugbtLVWCCwjloUzIOwtSYlPm27dX4YyShoD0pjImvneYa=
fbIOlRafqUuLldCvJGAIuaRnCOWdTV_Vg8XpEse0FVx6Go0D9CSeeWFC9_oMGbIcoKoc6ppi5b1=
VVgVEslhFlFfi-e_hjNzA_XDr3iLXDaQ6aWs7FERQ1ODvn5lXGWAQtkNslWV7FVBC3ZU7Jcun2K=
8BezzQmgG7k3ZfSy0TB4%3D" target=3D"_blank" rel=3D"noopener noreferrer">stim=
ulus measures</a>.&nbsp;</li> <li style=3D"margin: 0px; padding: 6px 0px;">=
<strong>Countries such as Argentina and Turkey have seen even sharper incre=
ases in money supply than the U.S. </strong>and <a href=3D"https://links.co=
inbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D93db12d64bd94=
5eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfAeCkTbajWC4D5hpIho3whaI8t2wgG=
_cfOFqzBxVtKryMfuUY5Z3BKA8qPYHPRzwT4ScNad_N1Imi_ljkyvgY7aoPEkxWT_67T6emgqaT=
R8OH663JzPbXKXtjzC6s8yuVPQF8x8Gn8dNJ9z1LYJpxu7GLky7OxuKctr3ccH2S0ZXzmt3Khp5=
HfEz8dQr3AJ7d5rezdLItg4eBP-EFSCs7i7zxDiK06XpJeyAOUOxHN6asVrnhFFZvnqJznL4kB9=
C6NxTCn9GyU0shKrXZ6vUMeC7eb_ZnwnYgSyLEA2at6KJi96vHd5I5lbVrFLdCEknKlwLxjh2KD=
2JvBztvsuejZsWgIgrHotoPwtY1xnp6L_DUVAcWnKs_rc0SZxeMg3MR1GzlZCr-73fOf7IvKZ3s=
z5VtnfCs0MEDA3WCmhUVHb9PnHMirTHBgmqkN7sflAodg%3D%3D" target=3D"_blank" rel=
=3D"noopener noreferrer">faster currency devaluation</a>. They=E2=80=99ve a=
lso seen Bitcoin appreciate more dramatically against their respective curr=
encies. While BTC has appreciated nearly 60% against the U.S. dollar this y=
ear, it has appreciated nearly 90% against the Argentine peso and more than=
 200% against the Turkish lira.</li> </ul> <p style=3D"margin: 0px; padding=
: 0px;"></p> <p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-break=
: break-word;"><strong>Why it matters=E2=80=A6 </strong>Historically, Bitco=
in has handily outperformed inflationary fiat currencies =E2=80=94 making i=
t a popular hedge for both institutional and retail investors. But that doe=
sn't mean <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637196741=
8192255878e9689713&_m=3D93db12d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0E=
nrQbP2UfFkCOTwlWsgipNU3TF5dl01a2yPwXiM6raMSYflMTx_YwrNxIAnuaSlj7wAe69FGQvx3=
yNN_OGIn4L1hKVM5D68zqYkxwpivKALhEwsJ1y3Q9NaPRsr9UGVNIl-r6wLnXkmFILIrhWusPDe=
QXnuhm4icUY86-bVccDF7WHCfaL9jZc4M9JlCNc4-m2FTMaF84wnNd0qL7cvQvVw3iPnj953dUO=
KmhPkggqnGN-k7VGqJbFli4gvBkWwz6C_ax0SMh1NUo8BC2YW7ha6yAJOOl-gcf0km_vwNn-Nvg=
pqWIAVFHztmxeE_66FK1_BgkZWdOxBTrGiFfLnPJevMkeowRsDtfqokRGxK4zcA9uJTjFG_CQ9o=
PfyX-3Rrs34RtQwoZL8EdmH_h7FzHhag_wmOvScAWz-c4UFzbDgQmwi00Agi2Df7Oa8EUnR1Kcj=
Rvm94Krc8hXrK8c0piao11EkPRV8%3D" target=3D"_blank" rel=3D"noopener noreferr=
er">spiking inflation</a> automatically causes BTC prices to rise, or that =
the two are correlated at all. Crypto markets, after all, are complicated. =
From a macro view, the Federal Reserve=E2=80=99s efforts to combat inflatio=
n could strengthen the dollar but reduce BTC=E2=80=99s momentum as an infla=
tion hedge. Meanwhile, some investors might feel empowered to sell and take=
 profits at the end of the year, especially as BTC remains historically hig=
h.</p> <div class=3D"cta_button" style=3D"margin: 24px 0px 0px; padding: 0p=
x; width: 50%;"><!--[if mso]><table width=3D"100%" cellpadding=3D"0" cellsp=
acing=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;" a=
lign=3D"left"> <v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns=
:w=3D"urn:schemas-microsoft-com:office:word" href=3D"https://links.coinbase=
.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D93db12d64bd945eebf3=
5bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfNY9a5vJJaUqEAzQTawq4Fi8Q1K1LHCEsxNr=
nv2zjEHBOiV3hE-mwzhH55qv9i-R8Cu_Hlps1XjW_iFTyS_NssmLpBdDPRcsJtic43zNdvvRB2w=
utzpMlylN9pMTSPcDX3gV9ZcB-rx9EzC7SM1izadOTFEgQb595eiXdPSSKRnOZmuZpv4VNdseFg=
85ZHNUIiZzVeun_0DqmQAfJ8Ck9KX-RDo7bavZO1vkUsgGbq1cUk5AE-FUw2htPCE_FCaUVou2w=
q5zZG09du7ksSUnm2YbNPy701_DskrZKKBdF8g5EBGNhKKfu2RFEjMOniwYPZdbnx51YK4jQF5Q=
68SzRCy2sjKjLWX3HZwtuxtXlGL_Le_9gbeHdi7FUxSY-4O3bpTdjqwbE3vzN3SlK503SaJL1xD=
VKOzTqOd6ch_wLGOJ59eExKpYcbDxfV3xZCqdDQ%3D%3D" style=3D"width:350pt;v-text-=
anchor:middle;" arcsize=3D"17%" stroke=3D"false" fillcolor=3D"#0052ff"> <w:=
anchorlock/><v:textbox inset=3D"0,0,0,0"><center style=3D"font-family: Helv=
etica Neue, Helvetica, Arial, sans-serif;"><![endif]--><a href=3D"https://l=
inks.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D93db12=
d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfNY9a5vJJaUqEAzQTawq4Fi=
8Q1K1LHCEsxNrnv2zjEHBOiV3hE-mwzhH55qv9i-R8Cu_Hlps1XjW_iFTyS_NssmLpBdDPRcsJt=
ic43zNdvvRB2wutzpMlylN9pMTSPcDX3gV9ZcB-rx9EzC7SM1izadOTFEgQb595eiXdPSSKRnOZ=
muZpv4VNdseFg85ZHNUIhHd5__k0TjepVQ32PZDEt8uCLPF3zZmXGXWo_o2YVu5YW2LRmmDCbVg=
2_PrDhCZAec7w3F-doZWIP6VxAbTP7p30Xn2WMaKi0wIeMzRVPmCCHjZITKkCcaKwDWrgaWCuda=
BoB0MDQLwtSB7nXZ6j4_TLS1qT1uohaQL5olPgcl7BEfdIo3EbDJYm8t8pUelj0_6L3CyqHApjF=
flLC3MhOPzlp4S_POgcSGfXHmz5HKOx_CajR4NNvlylbnU0_mJaQ%3D%3D" target=3D"_blan=
k" rel=3D"noopener noreferrer" style=3D"display: block; margin: 0px; line-h=
eight: 1.2; font-size: 16px; text-decoration: none; color: rgb(255, 255, 25=
5); background-color: rgb(0, 82, 255); border-radius: 8px; text-align: cent=
er; padding: 18px 0px;"><strong>Read up on inflation</strong></a><!--[if ms=
o]></center></v:textbox></v:roundrect></td></tr></table><![endif]--></div> =
<table width=3D"100%" role=3D"presentation" valign=3D"top" style=3D"table-l=
ayout: fixed; vertical-align: top; border-spacing: 0px; border-collapse: co=
llapse; min-width: 100%; text-size-adjust: 100%;"> <tbody> <tr style=3D"ver=
tical-align: top;"> <td valign=3D"top" style=3D"word-break: break-word; ver=
tical-align: top; min-width: 100%; text-size-adjust: 100%; padding: 48px 0p=
x;"><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"100%" =
align=3D"center" role=3D"presentation" valign=3D"top" style=3D"table-layout=
: fixed; vertical-align: top; border-spacing: 0px; border-collapse: collaps=
e; border-top: 2px solid rgb(222, 224, 226); width: 100%;"> <tbody> <tr sty=
le=3D"vertical-align: top;"> <td valign=3D"top" style=3D"word-break: break-=
word; vertical-align: top; text-size-adjust: 100%;"><span></span></td> </tr=
> </tbody> </table></td> </tr> </tbody> </table> <div> <table style=3D"marg=
in: 0px; padding: 0px;"> <tbody> <tr> <td style=3D"margin: 0px; padding-rig=
ht: 11px; vertical-align: middle;"><img src=3D"https://d15k2d11r6t6rl.cloud=
front.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3ac=
a56371967418192255878e9689713/dot-1.5x.png" width=3D"12" height=3D"12" styl=
e=3D"display: block; width: 12px; height: 12px;"></td> <td style=3D"margin:=
 0px; padding: 0px; vertical-align: middle;"><p style=3D"margin: 0px; font-=
size: 16px; letter-spacing: 0.075em;"><strong> JUST FOR FUND </strong></p><=
/td> </tr> </tbody> </table> <p style=3D"margin: 5px 0px 0px; font-size: 32=
px; line-height: 1.26; word-break: break-word;"><strong>How crypto is revol=
utionizing global fundraising</strong></p> </div> <p style=3D"margin: 16px =
0px 0px; line-height: 1.6; word-break: break-word;">Last month, a group of =
internet strangers banded together and raised $47 million in an attempt to =
buy a rare copy of the U.S. Constitution. Weeks after <a href=3D"https://li=
nks.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D93db12d=
64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfC7RXcD8W54ZRMQ3JmL2mvP4=
xIytrk7nowoXA2uSmxv1K_rIRp8M5U35fUJiUP9sML2v7ZKVeBpdno8r85x3tcIqjGjyHLC9aph=
GdvjQs12NCbEuEvgDLjjcZcAdCS13qzH22lOOxqJyQ4vQDLz6tc13-Ke_E1UTMBCcft__wys3ah=
ORpmkvdO-vjNwA2pzfo_CNYTZBbQjhUyutwivAcGOZXJlP-Sbuo55qvUDXM--HElvnNPK-jzIiK=
JFB_mwlqpWbgfxMvL9Sc3IkAzt0oRC_NjXwI4syrSrOp2YFWvBeapuvwp_bNjWyhYbDMdhX_wrH=
YvNeEgy0bt357lQGpdpyJEXmGpm4D9IvKDOcHOojt3V-9krbwH4ykSKxVxgFfDlyQcCeafisI3s=
QoaM1gInhS2AsZp1gbljnF962HNXHIp-p2zw1IPkCCJcS26E-cycx8HZcqJ7iLSC-4OjN42jvMq=
S-rnqBXqprj95Bb7IR" target=3D"_blank" rel=3D"noopener noreferrer">Constitut=
ionDAO</a> broke fundraising records, the OG crowdfunding platform Kickstar=
ter <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637196741819225=
5878e9689713&_m=3D93db12d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2=
UfFkCOTwlWsgipNU3TF5dl03FENrR6wA0WGTWTvGcNkYqWT_wA2katIpIhGRPRXqhyswNBzu1qV=
Zc-ulPN4Hkp5tugvS2vecmZbyPoJAi7N_QpVTJCmk7xFDgovu8Y8SFSPKGq8GQFKWqq_aJIPye4=
iv2fg4FERSs5MPgGH0lKriWVfjNJoabnQETDXxLF_1CjN_PP1wfwJAWDDRw-OVzOe8WqG7LPQiI=
N0Gs-sbdnTPy0201_VeUrdqEeTGMOBIfYaiLGDk5eDOoTTU1KiCnPayE15X-5RJUxaCAlkqPqIn=
sYN4_3dNmaH1Hjev8xvZ1WoghpkQ6HcJUMGzcViBJp5juguGf9Vo8pZ8H7_1phYATeI-0XCLwB_=
4eaDg9ggXTOMU7YMQmBpFt1nuYu7u79gUjgUR0CDgo2oeTCaTirmjsyLcCq0TDp5a3_gdetQzRI=
gaNiSi0BQo_tXs3BBDaYnNhnKG53PxqmSt2pnTPHPiDNBMAYGGsVr2mPX7ljEJDH_2hVY_fecvm=
fniW_L_UiGSn6iyWIAZ3IS5jvIV8bD5d" target=3D"_blank" rel=3D"noopener norefer=
rer">announced</a> its own decentralized, crypto-fueled crowdfunding platfo=
rm. But which blockchains will power the future of fundraising?&nbsp;</p> <=
!--[if mso]><ul style=3D"line-height:1.6;mso-line-height-alt:26px;"><![endi=
f]--><!--[if !mso]><!-- --><ul style=3D"margin: 10px 0px 0px; padding-left:=
 24px; line-height: 1.6;"><!--<![endif]--> <li style=3D"margin: 0px; paddin=
g: 6px 0px;"><strong>Kickstarter=E2=80=99s decentralized crowdfunding proto=
col will be built on Celo, </strong>a blockchain that aims to power mobile =
payments and financial applications worldwide. The =E2=80=9Ctotal value loc=
ked=E2=80=9D =E2=80=94 or amount deposited =E2=80=94 on the Celo blockchain=
 has surged this year to more than <a href=3D"https://links.coinbase.com/u/=
click?_t=3D3aca56371967418192255878e9689713&_m=3D93db12d64bd945eebf35bebb7c=
a78efe&_e=3DeTlU11JAbvv0EnrQbP2UfHLbVKgEeqLYaAlpCta2526Bcv8wR4Pvpv-0CFxQRaF=
8HtowpQtIU5taMMFt78pCklJVZaeWkHdPE1cTXhhfAreNZjzf-W8b1yQimM3axVe62i3DiLH-3W=
LccvqfVhB3HZkkzPlYn7OAgjsV7JVEk6a2tc4qdM9odxT2go2lTHGetZpZvmMeHhIRenmTbP_QC=
z8pBq4FlW1V5A1RQQ7WsZ6Q2wMZXeSekY78S43bw5av90axm30whvLspXdq0QHHZ1YYmuh29xgL=
h2NzOhGkBJE253nArjuqTyVAUARXrJviVJLO29mCPOM7_m6mUL3Csvg-dYnVCxMdCznAyuwoaDg=
1q2FfCeuf_pc_vu-PYvX9vsEwycCe_dqtu5dJy8gJJg%3D%3D" target=3D"_blank" rel=3D=
"noopener noreferrer">$500 million</a>.</li> <li style=3D"margin: 0px; padd=
ing: 6px 0px;"><strong>ConstitutionDAO raised nearly $47 million </strong><=
a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e=
9689713&_m=3D93db12d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfJzE=
oWkk_eeOXQmkZjjFaeCWh14VsFZZcoBJ5cZtnrXvJSEy6Mf3gY1mNUWeCisrj3srJLWNxZQQOQu=
PbYe7D-EmwcJaEmITSTdCD2egYvRaFQdHfReIdDFxTDtjSpsIwdrtd1a7DEILltKmutXI3seFOM=
op7rQ3Hfri9I79E3pFai9Tpp1HLxr54cWC8Y2jQwmIYRfwMlhdSzc8qeGvh2CPKAsSnbL120waF=
aVTkmefaF_IWO5T9-GuXKxrNtOS4yMqvI1yFIz4nM7sJUC62iVHjmvB9Yhyn3r156Of0mhSwbOh=
Q6L-8btWCFRO8EHRl-xEoJD-zF4DwCbfQoZof0thrWXijQcubZN3fUz6RH0FAk7LQTPa2csTAh8=
r7dzn0mVmCWhm5sKTAjA69SpZLCs%3D" target=3D"_blank" rel=3D"noopener noreferr=
er"><strong>from nearly 17,500 unique addresses</strong></a><strong> across=
 the world </strong>=E2=80=94 with a median contribution of just 0.051 ETH.=
 While the group was <a href=3D"https://links.coinbase.com/u/click?_t=3D3ac=
a56371967418192255878e9689713&_m=3D93db12d64bd945eebf35bebb7ca78efe&_e=3DeT=
lU11JAbvv0EnrQbP2UfFkCOTwlWsgipNU3TF5dl03FENrR6wA0WGTWTvGcNkYqJBp2VeeZahcbw=
iUZCzNoeK75xAaYp-pKODIsCaLreXN3Z8VTIpHatBkhy_wt1N3nJxxpfETWG6poBX686mrdt-53=
tykM-kBRwuOjHYi5Dq95sICpZQNg0n4EdJGFTIW9_Fz5lBl2b0qC2235RbxQw2op28sU5FJAl1N=
n7Ca7FSIBqdTEsDB0gUE5qomUtv0xr5m0X_2aLasuccRtvkXEEbOrG0C7lQABAw-tzde_UwYkBO=
W49y4YLZtiAJmFKibLPCyR2-pfLmaH22G4NDT98DB6eyDUzM_D1iSOTMCetJnLqSw7sp5A-VHH5=
n_jrnUaNaiR8sFp4zQjXYHg6MWtFIwNJ3jQgFdCeSQQ86tWRpzW5mIAvXH4Uzjjf39aN5NhbF5S=
QB-Bv73935CEJGpa6dGuYX861ZDOuLSheVgP5XextnmTBQ0IsVFG0TqQQCFb" target=3D"_bl=
ank" rel=3D"noopener noreferrer">ultimately outbid</a> at a Sotheby=E2=80=
=99s auction by billionaire hedge-fund manager Ken Griffin, the DAO=E2=80=
=99s record-breaking fundraise and the rise of crypto collecting technology=
 like NFTs are <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371=
967418192255878e9689713&_m=3D93db12d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JA=
bvv0EnrQbP2UfCTULoqrRs0WcTJwm-5IlDQWvhoiRsRuWDU4F4tMM85l8rzCQv1HfFq7P61FK5q=
aCPBcSrivVEEkOgeG6l7Zh_vMauCOS_yBVHiILSjIkSV9jFqyj-dXysb6ficqmiuCCIgxBei9gB=
FIIwRHlNYgJgPiZppXc1B_EqDJ24dv6vbLEn-QJpSHyyxJceeeYdbk-OdmrwOd7OQU-kT1QV3tj=
4OJj-IBpOFAiKQPa_3xgOPf2zUKZpmUmrv349EqwhWc_RvThFRorkDNux_-J4Y8AEvoAMzV3e5Q=
3GKEB48H2o2UqJclOuMeug73dDrGL_TnII6s0QjqiQ3vaa3khC0CxeNLcPBQ_qQKfBipJM7xjD2=
eRlNq796oLyR5Pey2KaFrKPpZeJer4T0YaUNYnBTqjPSC-g1A3oramgWTlI0OMWfuJNyWZl82k6=
awNpk8npqOuw1e0K7bd4ZBXkyEg743hxI%3D" target=3D"_blank" rel=3D"noopener nor=
eferrer">transforming the auction landscape</a>.</li> <li style=3D"margin: =
0px; padding: 6px 0px;"><strong>In January, a former Christie=E2=80=99s exe=
c is going to auction 10,000 digital pieces of a 2005 Banksy painting </str=
ong>as <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637196741819=
2255878e9689713&_m=3D93db12d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQ=
bP2UfAeCkTbajWC4D5hpIho3whamq8jPfiWC-0Qiex6c2p1ekN93ZWx2p0yWoXl1Nyd_6gkVfDw=
p_LH_j3Y7-CqgrGyUdEgJI9c0Oqc07HGKN8xhDHBfyu28sUYf5IR-3-RJbVG0xznr3vIgi5G9Zw=
XCZxwp0Q0WlR-zEk2C8pdKK0R2XvzZPnT_ZAhsK6EhJt3wl3DLnsIK7b3346EWh-S2gcHdnvCtn=
S3Pd1FNYQHQptvRs-0Ifyv6rVzpRrhCOKKa2_39ja-D56Wd2rwg0sXfXmF_WtV89xDTt41MX9ca=
Ln5BndDZoiw1sM342DzdKrVaeONiacvp8cCGoGoS28PCigiQHvLFCarsRHnQ5JVC8qWFEy4uCVR=
diIbc3hZrCFzN4UHbTLRVQZ4DomgtDbVGuWMS7uPcGsLQzEqoSYYTcFJ5uzcA_I4bzUmzWXQgcw=
3_OA%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">NFTs issued on th=
e Avalanche blockchain</a>. Avalanche is an Ethereum-compatible blockchain =
that has seen significant growth this past year: the total value locked has=
 soared to more than <a href=3D"https://links.coinbase.com/u/click?_t=3D3ac=
a56371967418192255878e9689713&_m=3D93db12d64bd945eebf35bebb7ca78efe&_e=3DeT=
lU11JAbvv0EnrQbP2UfHLbVKgEeqLYaAlpCta2525Sc_ohTldFf4NpegCER9dWIMh268uVUPBGe=
F80qJgBTtAEpYzshLZVgmLxIXVQHsKEFYnDfhSBGZ50HVk3vd3AH4UU7WiFoIWvRA2jGLNV2aXS=
xyVtIEYQAbkwnsCk25kKof3bcs05yx4TjwVH-3xALDumVMZQ3N_xtAosbPjvCIqVHwjWgCps_cE=
BepHK8DA_n7JhTLNjm4-2wTr-76umOtgrbyNBLtd6qoCBHQVjFKfrQ5xkUwYq3VNOjMVK5HDTTU=
3cfgaGOk3lQ45bkl_VSeJfVWmTUZqG0CarDtRGZkx6ghYWFOin8mDSlqxmUo3mQjG7nDvluDRc1=
NuMvR3CrsfJk_7RoayCz_eNSKgDQA%3D%3D" target=3D"_blank" rel=3D"noopener nore=
ferrer">$10 billion</a> =E2=80=94 with the number of daily transactions on =
the network <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967=
418192255878e9689713&_m=3D93db12d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv=
0EnrQbP2UfMed6v9ek9AnaHSKvv5FRDH-7VX_Ox6j5PYKnpxoqy1S5bc1pWwV2u0Egh0LrpcnzW=
_Ulq8JfFwpYIgTtjfuvzEwlGjU7Re6adxQ5TM07-yrh5wuKsfvJuvPBKgM9z3rSXovg4C2FTVb4=
75KueLJlzVx2us0waKA0_IssPbDC4dNtlr7Hq3qxS3J2vModvvO-q82pNMI97bxU0Dt1f08PsPb=
U4sKbOURWBxGJmgud-_XboKOXe5FVkS0jEkMYXLO6ziyBwG3WILTjNCVzd3C6-kZnOy7rsie7lt=
KGxruOJgbpUYpOEw6AprDqiR0uppOZb4JZ7QSh3N1FeyIrvOr1oioMKm9aGamnjV5sOZNqu2DVI=
cSQNIMUC-iGGGDV1_-8-mrYleaUm3pIFlQCL-7OJM%3D" target=3D"_blank" rel=3D"noop=
ener noreferrer">recently topping 700,000</a>.</li> </ul> <p style=3D"margi=
n: 0px; padding: 0px;"></p> <p style=3D"margin: 16px 0px 0px; line-height: =
1.6; word-break: break-word;"><strong>Why it matters=E2=80=A6 </strong>Whil=
e ConstitutionDAO used Ethereum=E2=80=99s blockchain =E2=80=94 which remain=
s the dominant home for smart-contract powered technology like DeFi and NFT=
s =E2=80=94&nbsp;the Kickstarter and Banksy-share projects have turned to c=
ompeting blockchains Celo and Avalanche. Why? Because like Ethereum, they a=
re <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255=
878e9689713&_m=3D93db12d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2U=
fNY9a5vJJaUqEAzQTawq4Fi8Q1K1LHCEsxNrnv2zjEHBtHBYXx9P6Zsz_wfbIP60TqmysZzHZbM=
eJZ79KNhDjE7iidSahsdYKULrRb7b8w-Fjfx-3UulBTQ4IoE6cHc9ncCSwQ6AZ25lWSkslzyBxp=
b3UM-jmwpCdtya2HYHqHLozdsZwKX2SKQTaT14oLYs3taQM8ulXT3O8_aTtlxp9RRKSDBIR2ztn=
vf2St8J9ex0EsOfMZA8z9L9vQKKaLK0Aou_O19wqje6Tvkuh-F7JRCtlei2eSNOlimpyUIAkcCU=
mrgyOkIY0IcwqqRoVawTvoyErBdQTfkcvATrZo-H-aojCDJ7wGRdquThYfR5XfN_Z9HOSAk5Htp=
cYl4ccizwWPjOPLyEMiPpIr_waWyN-2mE5PlmZ92n1hyMwqFAiVxC" target=3D"_blank" re=
l=3D"noopener noreferrer">smart-contract</a> compatible and support a wide =
range of apps and protocols, but with much lower network fees and speedier =
transaction times. Ethereum is racing forward with scaling solutions like t=
he <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255=
878e9689713&_m=3D93db12d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2U=
fNY9a5vJJaUqEAzQTawq4Fi8Q1K1LHCEsxNrnv2zjEHBbkvNLzgK-_sHFsSCNFfihICLWcBW3bB=
hD-eUXy6pRfunEagZkGle4ppf6Y6a43SEVfnntLetXf3k-G9JirJek9rWyxnG1KFJCFqpZbVl6N=
2q9jXMRWdJEZzN0ZqVFRJ9_R_l-ouqynz8c8s9JJLCDBp4dI-7UMuXwNKJBtoi9LFChUMgaisY-=
ZZglArluB5KKXI0JmmFmegbDU6efyB-CHmdy2ptjE6tp8y_0UEyTrEHCppmayy_zt2k7FGOzGfi=
XbMhVhVhMUGLRjtIkHc2gFkvkQ0paUI7HzV9f23D9_1hpZFhSNmojXNBsvXhc1MU8a9eCGx8vsN=
2UzfkWWVj1kNpWCjWu-5uqXpj1ymL_Z3KmO02FJbFpWP152fT2yM5ZJI0-kQrYg8dhkdtX9LrzQ=
%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">ETH2 upgrade</a>, but=
 a key question remains: how much market share can rival blockchains achiev=
e in the meantime?</p> <div class=3D"cta_button" style=3D"margin: 24px 0px =
0px; padding: 0px; width: 50%;"><!--[if mso]><table width=3D"100%" cellpadd=
ing=3D"0" cellspacing=3D"0" border=3D"0" style=3D"border-spacing:0;border-c=
ollapse:collapse;mso-table-lspace:0pt;mso-table-rspace:0pt;"><tr><td style=
=3D"padding:0;" align=3D"left"> <v:roundrect xmlns:v=3D"urn:schemas-microso=
ft-com:vml" xmlns:w=3D"urn:schemas-microsoft-com:office:word" href=3D"https=
://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D93=
db12d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfNY9a5vJJaUqEAzQTaw=
q4FixdREEWhqWtHanPNRI8opWNkrk5LORo3psNda774TnW4_kRQlm8P62EpBTzesNr20euo8dvM=
i9RWhN3xluKDr_JV43r9w9FXQU0Np8r1lE3IzqTqmuinZjg97IximGsT2GJquiMJy6fmGDSCh3D=
sYM8MJxo1_z0kaWmQv-OKLhxrt9XKwgMDOdNplrh8AvcE96nL9nkhgux7B781ROqObHn5QzoXNt=
zdN-cFrsAIH1QQUKXK2G3VCWIuUHWhzJvzpieEnB8aDnnEfIEQszOu5pcYk-Sdwv031AeMQzuWE=
B0UC9oBWp1AsXrwE2uB-pQub1bpvlpJLddW6rUvz9KVQVQPiGqrFk5BGJduu4ixQkQGju2Q20dl=
TPGOY91KlwMKRo44jFAnYaAT3mQK_kn8R_7ZTU2UCDWDT2ci5h_AVGNg%3D%3D" style=3D"wi=
dth: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=3D93db12d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfNY9a5=
vJJaUqEAzQTawq4FixdREEWhqWtHanPNRI8opWNkrk5LORo3psNda774TnW4_kRQlm8P62EpBTz=
esNr20euo8dvMi9RWhN3xluKDr_JV43r9w9FXQU0Np8r1lE3IzqTqmuinZjg97IximGsT2GJqui=
MJy6fmGDSCh3DsYM8MJxo1_z0kaWmQv-OKLhxrt9XKwgMDOdNplrh8AvcE97I8YF70kOTpgWXT-=
-5CBVBie0UqSoPqRSyHIR0ktrGoQFpsdIxecCj7TLehpZ-G9aZg4NbjKHdwwA2t93Q-oRsPtjXp=
uYKJTn3b27Mn_FcvaVv-BO9ZmQq-gRe9eFoE7JHG47BwgoOyi7bkBMKDuIw-D5uSoRELe2ioIZA=
LFMdbcj4tCO1UQYIswNQOC_zIlCGTXPAPYdXXsNNEPgj7mfnkt7zxJqyvb56YMDx2Nncw%3D%3D=
" target=3D"_blank" rel=3D"noopener noreferrer" style=3D"display: block; ma=
rgin: 0px; line-height: 1.2; font-size: 16px; text-decoration: none; color:=
 rgb(255, 255, 255); background-color: rgb(0, 82, 255); border-radius: 8px;=
 text-align: center; padding: 18px 0px;"><strong>Learn about ETH rivals</st=
rong></a><!--[if mso]></center></v:textbox></v:roundrect></td></tr></table>=
<![endif]--></div> <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5=
6371967418192255878e9689713&_m=3D93db12d64bd945eebf35bebb7ca78efe&_e=3DeTlU=
11JAbvv0EnrQbP2UfCJ2d6iVaLVmsKCMEbldo55eOcZGVvCIMWvLd1IXUA7CVweNz9kedMndQ9k=
Enmaa-vU5zePYJqAITHJh2JzqsyDTzzsSH7FCiVIMYl6V9gesYVCjo7IDgJbpmBSLO3Yc3_2_KD=
ZuhguqfDZ7LjesOgKsv1Nn1uAOCRbkVwQATbBxsnCjKMelr0uGCMoqLg8eESt3zPY4d_CDWi2j7=
UQe2yeHyaYW-bFVZRtNnRtoFTAXQ20eqMaXespw8w8pZujJ_YKG1CrU2DhMViDcrmZ7vAXEguwQ=
DbyRfHZ-gK2lrZXvXkuvlCRzWhgss5G8YIo3aVkCn2_PqZeWi1dlUOw4YeKrt8o0xhIyZZsUE8w=
rqDok-86FHsrH1cO6rKfaw0MGzg%3D%3D" target=3D"_blank" rel=3D"noopener norefe=
rrer"><!--[if !mso]><!-- --><div class=3D"desktop_hide" style=3D"display: n=
one; max-height: 0px; overflow: hidden;"><img src=3D"https://images.ctfasse=
ts.net/q5ulk4bp65r7/2Kql9aP8lHhlu7ZxgaYWa3/b0586c38d713384632e0dc14ae93f778=
/promo-mobile-referral.png" width=3D"100%" style=3D"display: block; width: =
100%; margin: 64px 0px;"></div><!--<![endif]--> <div class=3D"mobile_hide">=
<img src=3D"https://images.ctfassets.net/q5ulk4bp65r7/4WHhrH8pVEBBBiPGIgC6I=
E/2340010341611391f0394c455ef36d18/promo-desktop-referral.png" width=3D"100=
%" style=3D"display: block; width: 100%; margin: 64px 0px;"></div> </a> <di=
v style=3D"margin-bottom: 16px;"> <table style=3D"margin: 0px; padding: 0px=
;"> <tbody> <tr> <td style=3D"margin: 0px; padding-right: 11px; vertical-al=
ign: middle;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/user=
s/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878=
e9689713/dot-1.5x.png" width=3D"12" height=3D"12" style=3D"display: block; =
width: 12px; height: 12px;"></td> <td style=3D"margin: 0px; padding: 0px; v=
ertical-align: middle;"><p style=3D"margin: 0px; font-size: 16px; letter-sp=
acing: 0.075em;"><strong> NUMBERS TO KNOW </strong></p></td> </tr> </tbody>=
 </table> </div> <p style=3D"margin: 16px 0px 0px; font-size: 32px;"><stron=
g>=E2=82=AC1 trillion</strong></p> <p style=3D"margin: 4px 0px 0px; line-he=
ight: 1.6; word-break: break-word;"><a href=3D"https://links.coinbase.com/u=
/click?_t=3D3aca56371967418192255878e9689713&_m=3D93db12d64bd945eebf35bebb7=
ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfPW72Hs2N75cLq3XGQmWAvqYCemn5z0Wt4jXhjTcAF=
irPxFs1NneyIO18TbH9NyIakmHK66dJWH_MzRkv78C6lzxvxoyq0RqEpgGIBLp7PciEoynzI2j-=
zMeiUtzmFJEpCSMtVHlqMq5gtIYcaG6lAFAM-ICy_szlqyEkqCsfjUx3B83aMLrjVloFIrJsRUR=
kqln3hd0t9o1Lzt3VnJuOkVm-zjZOZlUS71LCFU_MFczMpa2vZJyYKtqZUbRxvAx_tj91HOP63F=
bRgCWwt86gbOz-jEVtPs8FWapOhiDEha1gMwdRkcomR3JJiuGoD9l43ugwa-YJ763eMTgz3xmN5=
SYeGRF8LSc9qBRuKhCHprztJDSaWWBvVBwWIzyVOHjwCVq3Q_BeedlbIxIrcDF4AfvSMb7QTVWT=
4LTOc3aTt1IbtEbe_lM3cRvvCq7jqqnnmbEiDWMAqDU1dMGAvWnI3Y%3D" target=3D"_blank=
" rel=3D"noopener noreferrer">Approximate amount</a>, in euros, that German=
y=E2=80=99s savings banks hold for more than 50 million Germans. Why is thi=
s relevant? Because some members of the German Savings Bank Association are=
 considering offering customers crypto wallets as interest in crypto invest=
ments soars amid high inflation and negative interest rates.&nbsp;&nbsp;</p=
> <p style=3D"margin: 16px 0px 0px; font-size: 32px;"><strong>$17.8 billion=
</strong></p> <p style=3D"margin: 4px 0px 0px; line-height: 1.6; word-break=
: break-word;">Amount that crypto venture funds have raised this year, as o=
f the end of November&nbsp;=E2=80=94&nbsp;<a href=3D"https://links.coinbase=
.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D93db12d64bd945eebf3=
5bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfAWwTAgZZzylbebZijym-Kxrzx2NGJUDeDPI=
RSGKnWx4t3Y_TUaIdlIhmoPv-y21f5wIecEKFt3aUxnTTIBulhnr0uevf8udDwUYbqwB6BXVlEB=
kSEjQkmEadB9eN3fn-uqfZF8FEAj_Y73viZiahMdGCPNsDaOH7qUZQyB98K1N6Jhj4yS1MBUfnC=
9Ote_3ZdqFcfuNW6WhHZgkohUq-ma8s8ZD2Wx1_ZqGxyMpfRcJMF1UTToOkwKYmSZKgYHldHDr4=
EqeTH35e10CRZsIosyAm1WrynBnXDVJZR3maKasDDPlatP9xqKTdt04E93WqwGYCjLYhfeNy4eB=
R18dosahixetuSh4f954w03a5x1zPOaPqP_qxu28wWWq6T2IeTN2ixI7zHhF08ThMDb4VJRqKSh=
fmXoIrlB1Joe9bMCMFtPU9VLoMainKbZvNZ35ggV3ssojXu3GMrgGkQKtQ7Y%3D" target=3D"=
_blank" rel=3D"noopener noreferrer">nearly triple the sum</a> raised by cry=
pto ventures in all of 2020.&nbsp;</p> <p style=3D"margin: 16px 0px 0px; fo=
nt-size: 32px;"><strong>20,000</strong></p> <p style=3D"margin: 4px 0px 0px=
; line-height: 1.6; word-break: break-word;">Number of avatars released as =
part of RTFKT Studios=E2=80=99 recent <a href=3D"https://links.coinbase.com=
/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D93db12d64bd945eebf35beb=
b7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfAhnFJDV5S4nQAIZfjPuhMPEBaANvrhzstOkgC7c=
8r9ZQaL6_N_Zc4tLw0WhTJUT-WPXCBBUcU3-1dFjluKzGpEyhxOWorKDJUByn-V4EMj9JAhq-nB=
pGz8H52Rg2c6VeO62X_OXNGwgyQaFBMorchQQS-_kT355DNbM-WJSe365f6Yv4pJ2-PZisKA6q9=
QqIMcM2umM3Zh9QYH8ljXRDgFZT4W-K7GEPN3-7XquNzfJ3KFdyfQptYMkR1WIE-Thd83xSE5h8=
DzixoOW41HYb9e7u6el9PNlPlzCljVBvsxr3Jg_U9ajuuLA8qnUWFb0hIRMP83nAyfVHPV6Verh=
66Onz__PER1-dBS8hn5DgYUc" target=3D"_blank" rel=3D"noopener noreferrer">Clo=
neX NFT</a> drop. Digital fashion studio RTFKT was <a href=3D"https://links=
.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D93db12d64b=
d945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfLK52Q9Hq0KP__NG-jE9EdX9Wt3=
TcLvZZWsSrj5C0BQPr986HoGktDUdSRSU_Pcn2SDSVKjzZjyF_Giz_08x5tX0_QVUReCQFDamdC=
Hg0250uC-h7iAk-lVeLmYLaAyiCNxC-5h5oGAwjS9lyg_2BiGFSTAlhN4tnbXCw_BM9o-KdQji4=
Ko6Bzc5ZCk82qoAr3ahUZdkCEfUxfs7v0RW6FJ3KqyROqWjZSn047SGUnGZw1kt4U9v3YV1BkTu=
zU_h7UC_uptgmRxibJkhFVn-bXvSUq8T3DdzYs4CUDnBQ-mxA6-jhswiHkNbXLUxrvKOSvBLPDz=
ph3tpK5I_UtqDqsHeGVqJjjGFVhN9mDn26E2t2gUkXHw-u31nF81VFKdGwUoD4RwnQBtVEICECJ=
wShsw%3D" target=3D"_blank" rel=3D"noopener noreferrer">recently acquired b=
y Nike</a>. It describes the =E2=80=9Cinterplanetary tourist=E2=80=9D NFTs =
as the beginning of =E2=80=9Ca whole new ecosystem for our community.=E2=80=
=9D (Nike isn=E2=80=99t the only sneaker brand making NFT/metaverse moves: =
Adidas <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637196741819=
2255878e9689713&_m=3D93db12d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQ=
bP2UfB4_S4qPJtl5StSc-_3JMJ5FB3AKZ4ls8wBkTzL4V8wTDbdsLs4tbgHK1uCIwl6EVZtEJ5m=
xQbb1hsyJ_8I5xbaNFRHMLIoza-KRQf4hVBhXktIEx08Jzt4Jn6LOkRTeybatC51kc0qxEs8Klm=
OeO7Br9nnbM2nb9msM7sZSTg5FfsT8QnGm80Rtu5geGWnY4XKHrmXEREjMIr0LQNbBW8P_GpFG3=
DDlunAf71Z0wT7NHuIGigEGGWxJgAWcuI09-iLOZsYZL8tt2llK_StKvYM7dHFrIzo3qsIPxN66=
q6_kGArJMyUYEWvn5i4mjWcQsJGkPijmh8uJt33Ha3-5xGbib6qE3xYb6WCwKHTPll0wvxe6Jvp=
RvZ5OduScacHmkjKzvcbdgy_ydJdPVlw6Mg8Anw-rHie61MIOvUZYSlWHg9LMVV6y8G2CWwrOFf=
vBOA%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">recently partnere=
d</a> with Bored Ape Yacht Club.)</p> <p style=3D"margin: 16px 0px 0px; fon=
t-size: 32px;"><strong>$3,066&nbsp;</strong></p> <p style=3D"margin: 4px 0p=
x 0px; line-height: 1.6; word-break: break-word;">Amount that one unlucky N=
FT collector earned selling a Bored Ape Yacht Club NFT over the weekend. Th=
e ape=E2=80=99s owner meant to list the NFT for 75 ETH (approximately $300,=
000 at the time) but accidentally listed it for .75 ETH. The bargain ape wa=
s <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563719674181922558=
78e9689713&_m=3D93db12d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2Uf=
IvBOCe-7wpcVeIV-Al-D6_JRKqImLK7Zb3YkoTFikZ5XLtDu4MExaD_y465tNX9Bn4S2-kXFsiB=
ndZaFWeT6vt883N3c711iNYBBSRBlPs1QrklrCvUoMZKC_jMk4sYUGYIs1cDkD10fX712WvKH3j=
wAfCPuiKtWQOTM-FZc4BA97AzYQO7PrtXwwpcL2P6bIJp17VyGPOeFkH1B51oQxQxDVZ6KrnHG8=
FlOlEkDjd-day0mvEzmoVgXgfs4Ah78OJPz6p2IeFRuFv4Y1QOU9rBNAYehVSoEAQUIB-TWcB0o=
HtMSDsDO2SPBiZMZ-iC5uq_e-EwwgKiyEWqHGU92pyteM1gx2-oO-r9_iGdq_e7J9RhjwB2hZeV=
Nh9dOERGxi9X7I20rPQtJVfcArL6hB1jh8HF-TYDdbOzdkdW142ytAE1ru-mG7GyMyHqsq9OYg%=
3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">immediately</a> scoope=
d up by a bot. The seller attributed the mistake to =E2=80=9Ca lapse in con=
centration.=E2=80=9D</p> <div class=3D"cta_button" style=3D"margin: 24px 0p=
x 0px; padding: 0px; width: 50%;"><!--[if mso]><table width=3D"100%" cellpa=
dding=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 styl=
e=3D"padding:0;" align=3D"left"> <v:roundrect xmlns:v=3D"urn:schemas-micros=
oft-com:vml" xmlns:w=3D"urn:schemas-microsoft-com:office:word" href=3D"http=
s://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D9=
3db12d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfNY9a5vJJaUqEAzQTa=
wq4Fi8Q1K1LHCEsxNrnv2zjEHBS5eivqWIWPHBbteMo_Bz3vLCep2VcE_Z4B0u20H1NoeIOv8Xa=
nWrYNJ63CyGUAuEu0Cj1slSf1PtIEB904guYjHaGZ6v-EA4-IVn-QltKFfZbD7PI7UApvoIXJN0=
5qf6y6BeqysXcasqcY4PCNq1Sa152bSgxeGVGt4Ps_UAXQwoWCvX91CEJ10TJC8PS9JjSEX4wLZ=
PWdpeWBciIB6KvpLHinrc1clWBgnz4u7_7lYzyfC-xs1_JgTRo2IGtkDC95tX_Dv4JqG4EYRNsG=
EqyjsRLL7OIsEeOgLpR1hVPGbslgXpYm3c6jcaA50US7Yift1Xxjr94PsuWLBh6MS_HEcH-sf5Z=
I2MvF4a2c0fMnBUpIT7TNcx3sz6wIUxy1U-6gheHtD6cXEQMT3XUggdNg%3D%3D" style=3D"w=
idth:350pt;v-text-anchor:middle;" arcsize=3D"17%" stroke=3D"false" fillcolo=
r=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=3D3aca56371967418192255878e9=
689713&_m=3D93db12d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfNY9a=
5vJJaUqEAzQTawq4Fi8Q1K1LHCEsxNrnv2zjEHBS5eivqWIWPHBbteMo_Bz3vLCep2VcE_Z4B0u=
20H1NoeIOv8XanWrYNJ63CyGUAuEu0Cj1slSf1PtIEB904guYjHaGZ6v-EA4-IVn-QltKFfZbD7=
PI7UApvoIXJN05qf6y6BeqysXcasqcY4PCNq1SZuzVM_Hp-pqbm0oZrSQpvfuW4rSx0j8vLY9ne=
CFmN7seBaNSifcdtDEPfRIfuan1hRKm6LHrJ0QphCmYqbrgkjpGZO8kBBANZhmghH6gm7tNAcYa=
WzLNquxJbd7c5pxP4a_j5KZKKs8VFNWaoWdKFnj3WUrO_-deMs7OE-OO2GtP1X8Kyu7ftaC0E09=
2vpB9z3ZaGSNiWAREOUTi5yn7tT8ldGSEehAQxOGuvLkDJ4r07s_5Xmot-mH5Ye3RrWpNg%3D%3=
D" target=3D"_blank" rel=3D"noopener noreferrer" style=3D"display: block; m=
argin: 0px; line-height: 1.2; font-size: 16px; text-decoration: none; color=
: rgb(255, 255, 255); background-color: rgb(0, 82, 255); border-radius: 8px=
; text-align: center; padding: 18px 0px;"><strong>Brush up on NFTs</strong>=
</a><!--[if mso]></center></v:textbox></v:roundrect></td></tr></table><![en=
dif]--></div> <table width=3D"100%" role=3D"presentation" valign=3D"top" st=
yle=3D"table-layout: fixed; vertical-align: top; border-spacing: 0px; borde=
r-collapse: collapse; min-width: 100%; text-size-adjust: 100%;"> <tbody> <t=
r style=3D"vertical-align: top;"> <td valign=3D"top" style=3D"word-break: b=
reak-word; vertical-align: top; min-width: 100%; text-size-adjust: 100%; pa=
dding: 48px 0px;"><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" w=
idth=3D"100%" align=3D"center" role=3D"presentation" valign=3D"top" style=
=3D"table-layout: fixed; vertical-align: top; border-spacing: 0px; border-c=
ollapse: collapse; border-top: 2px solid rgb(222, 224, 226); width: 100%;">=
 <tbody> <tr style=3D"vertical-align: top;"> <td valign=3D"top" style=3D"wo=
rd-break: break-word; vertical-align: top; text-size-adjust: 100%;"><span><=
/span></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <div> <tab=
le style=3D"margin: 0px; padding: 0px;"> <tbody> <tr> <td style=3D"margin: =
0px; padding-right: 11px; vertical-align: middle;"><img src=3D"https://d15k=
2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-=
c542cff6dd6a/3aca56371967418192255878e9689713/dot-1.5x.png" width=3D"12" he=
ight=3D"12" style=3D"display: block; width: 12px; height: 12px;"></td> <td =
style=3D"margin: 0px; padding: 0px; vertical-align: middle;"><p style=3D"ma=
rgin: 0px; font-size: 16px; letter-spacing: 0.075em;"><strong> TUNE IN </st=
rong></p></td> </tr> </tbody> </table> <p style=3D"margin: 5px 0px 0px; fon=
t-size: 32px; line-height: 1.26; word-break: break-word;"><strong>Listen to=
 Coinbase's new podcast, Around The Block</strong></p> </div> <p style=3D"m=
argin: 16px 0px 0px; line-height: 1.6; word-break: break-word;">Want to lea=
rn more about how ConstitutionDAO allowed strangers around the globe to bid=
 $47 million at a Sotheby=E2=80=99s auction? Check out <a href=3D"https://l=
inks.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D93db12=
d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfEqWx1oRGhOgMX7a80GMe2f=
Kv_uRJF-H-3HeHzi3mfPYrPFAQnm2hijfab1U8yFK0X39FWixHtazYjJWaoU5TYoZ9tQC4L_Fml=
ynAmPTqZzAeEQNUwN2K-FMYQSOaiUSu-UijI3EcYf04UFeXGSZRPbokXU3JtIOdm_gy7umRrpzx=
OlET9bLm_fxr2Tmv5W-tNf6-hAkIfZDt7hh4rmPcQjIBJzG_72noNPJ03FVVU2Y98_XbGF0iQki=
5qw7c8I8k21sH-YxS2VVgNxcTIXRbHrQXbc25iRO36U3rRmIsUzI4kL6uet2oe1A1k9ZZzHNl-x=
riKn_xmzB29QC8l3tWRThNe5oCaxFO0duAcCUBUq-l2J7Am4oCixSHPeqsQp1vw%3D%3D" targ=
et=3D"_blank" rel=3D"noopener noreferrer">this recent episode</a> of the Co=
inbase podcast Around the Block =E2=80=94&nbsp;which takes you deep into cr=
ypto=E2=80=99s most thought-provoking ideas and poses questions like, =E2=
=80=9CHow can DAOs forever change how humans organize and connect communiti=
es and capital?=E2=80=9D&nbsp;</p> <p style=3D"margin: 16px 0px 0px; line-h=
eight: 1.6; word-break: break-word;">Every Wednesday, <a href=3D"https://li=
nks.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D93db12d=
64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfNY9a5vJJaUqEAzQTawq4FgC=
UPbJsMmfXliC_Rh0ddMvMx1kFDh6VvH41V-whTO3LX3cX7mYoO33OW0vSee2LtdRzv0KVM96u5x=
T-UL7ho4nDCfYRld45qYGhuBuuhYm-uirLizCknVbqkEFzK_CqaiNl3wfz97uls8HnQE9mxTDeP=
6MKAN-SmjrYbPpgDddL8Ydt4tPv31Un26jgSLG7266BYUozsMEKRMBRbiSOON-9S9-O3jryx3tZ=
KBycjwOo8IHvI2wopkrmnbIxGkJjL74ayU1kWaQU7vO_x27TATLMFlV2w8MMFB3ph4NwOqPBzBP=
fklih1J8b2wTaTv-n1rKwtNWGmicqKWCwirBFk986oYAiEiJUfK4oyQ6NU_qmw%3D%3D" targe=
t=3D"_blank" rel=3D"noopener noreferrer">Coinbase Ventures</a>=E2=80=99 Jus=
tin Mart and Katherine Wu unpack crypto=E2=80=99s game-changing innovations=
, interview industry experts, and peer into the future of the cryptoeconomy=
. New this week: Justin and Katherine define =E2=80=9CZero Knowledge Proofs=
=E2=80=9D and discuss on-chain privacy with Jill Gunter of <a href=3D"https=
://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D93=
db12d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfMkW7wwFXYyzdKDP6Dn=
4xA76yGDEnYxBqa5n21xsecGQWk4rmSknMIIvpJjV2L8xOPq28kgFcQnb7EEbpROvhZhYz2iNIr=
O6RM6k01Bka7EHNMNpkMzmOF3KiFk_-OFieNIohn9HhyW9TigQO7di66UEE_AG-knJbO_nviAAt=
8FNFbOrCPdM1w31evfaI6nU3MofwCwnL2yghXbHyMMGWcQ2BHd5N0LIQ2-m9KT6n3nFti8pfloa=
e3mu99xGDlaNkHUZEcbixZNQMcKa0uQ42cAsXSJ4vmn63exCUPW2BH3SBsvc3OiOVm2FMhDGOR-=
bDzcrcNDG6LwfPDbLXCH8ojDSOim4CcIkOAKdB_MDksJtCXNSaXGUsF_0mJkIOx0rzg%3D%3D" =
target=3D"_blank" rel=3D"noopener noreferrer">Slow Ventures</a>. </p> <div =
class=3D"cta_button" style=3D"margin: 24px 0px 0px; padding: 0px; width: 50=
%;"><!--[if mso]><table width=3D"100%" cellpadding=3D"0" cellspacing=3D"0" =
border=3D"0" style=3D"border-spacing:0;border-collapse:collapse;mso-table-l=
space:0pt;mso-table-rspace:0pt;"><tr><td style=3D"padding:0;" align=3D"left=
"> <v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=3D"urn:sc=
hemas-microsoft-com:office:word" href=3D"https://links.coinbase.com/u/click=
?_t=3D3aca56371967418192255878e9689713&_m=3D93db12d64bd945eebf35bebb7ca78ef=
e&_e=3DeTlU11JAbvv0EnrQbP2UfOsizgAXc8kOgHnOe8uOfYR7STdM39KmPdJIYWNXGcg3-7em=
NT6Hc3HTAHnviCZX50J4P0XIomrfnCnH5NdIcR0QG797-FsHVKkV8QsyP-9ZhjLb4QRttGDDrag=
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QfFUJ_6qC4NwAAN5i8FeYU7TN3s__fVn1VimJhdMJBoXhQ1xfO-81UBThT_JzUxx3rIs2y5T9y9=
j5qXHKPkQpVtVxupZL9NJyk07TA%3D%3D" style=3D"width:350pt;v-text-anchor:middl=
e;" 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.coinbas=
e.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D93db12d64bd945eebf=
35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfOsizgAXc8kOgHnOe8uOfYR7STdM39KmPdJ=
IYWNXGcg3-7emNT6Hc3HTAHnviCZX50J4P0XIomrfnCnH5NdIcR0QG797-FsHVKkV8QsyP-9Zhj=
Lb4QRttGDDragBcTYIHLdbmyLtINeD1mHnwzaS-U2KFwnOEb7HtloPKjZGQIdPffAxJwrlZ3MBm=
qyZqLA6A8roNpo8yGGYHkhr_nkfQ1EIIbLilWEva75uMZTUv6TmGWyLSuxu8zp6yZSEVJo00bh7=
fB0toQ_VEmTbzBBeSzP8juYBuI8-QwWfnyVEe33vM2Z5m2DT-Y1z76HOFuGV3iMYEQe5VRGIzMF=
2l7-ghuXNw1AHv_OpILPsS0bRNromRyou-hSc4mVtdy9o8NNQ2Vhp_iKLt-t0INeCN3tItBJxJn=
_4N65t3GVvOe7wydBhQBk2N5isyi8w2WVLaTHg5A%3D%3D" target=3D"_blank" rel=3D"no=
opener noreferrer" style=3D"display: block; margin: 0px; line-height: 1.2; =
font-size: 16px; text-decoration: none; color: rgb(255, 255, 255); backgrou=
nd-color: rgb(0, 82, 255); border-radius: 8px; text-align: center; padding:=
 18px 0px;"><strong>Listen to Around The Block</strong></a><!--[if mso]></c=
enter></v:textbox></v:roundrect></td></tr></table><![endif]--></div> <table=
 width=3D"100%" role=3D"presentation" valign=3D"top" style=3D"table-layout:=
 fixed; vertical-align: top; border-spacing: 0px; border-collapse: collapse=
; min-width: 100%; text-size-adjust: 100%;"> <tbody> <tr style=3D"vertical-=
align: top;"> <td valign=3D"top" style=3D"word-break: break-word; vertical-=
align: top; min-width: 100%; text-size-adjust: 100%; padding: 48px 0px;"><t=
able border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"100%" align=
=3D"center" role=3D"presentation" valign=3D"top" style=3D"table-layout: 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=
"vertical-align: top;"> <td valign=3D"top" style=3D"word-break: break-word;=
 vertical-align: top; text-size-adjust: 100%;"><span></span></td> </tr> </t=
body> </table></td> </tr> </tbody> </table> <div> <table style=3D"margin: 0=
px; padding: 0px;"> <tbody> <tr> <td style=3D"margin: 0px; padding-right: 1=
1px; vertical-align: middle;"><img src=3D"https://d15k2d11r6t6rl.cloudfront=
.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5637=
1967418192255878e9689713/dot-1.5x.png" width=3D"12" height=3D"12" style=3D"=
display: block; width: 12px; height: 12px;"></td> <td style=3D"margin: 0px;=
 padding: 0px; vertical-align: middle;"><p style=3D"margin: 0px; font-size:=
 16px; letter-spacing: 0.075em;"><strong> TOKEN TRIVIA </strong></p></td> <=
/tr> </tbody> </table> <p style=3D"margin: 5px 0px 0px; font-size: 32px; li=
ne-height: 1.26; word-break: break-word;"><strong>Which of the following is=
 a popular NFT artist?</strong></p> </div> <div style=3D"margin-top: 16px;"=
> <table style=3D"line-height: 1.6; word-break: break-word;"> <tbody> <tr> =
<td style=3D"padding-right: 12px;"><strong>A</strong></td> <td>Bumple</td> =
</tr> <tr> <td style=3D"padding-right: 12px; padding-top: 12px;"><strong>B<=
/strong></td> <td style=3D"padding-top: 12px;">crwdpleasr</td> </tr> <tr> <=
td style=3D"padding-right: 12px; padding-top: 12px;"><strong>C</strong></td=
> <td style=3D"padding-top: 12px;">FEWOCiOUS</td> </tr> <tr> <td style=3D"p=
adding-right: 12px; padding-top: 12px;"><strong>D</strong></td> <td style=
=3D"padding-top: 12px;">Jeff</td> </tr> </tbody> </table> </div> <p style=
=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;">Find t=
he answer at the end of the email.</p> <div class=3D"cta_button" style=3D"m=
argin: 24px 0px 0px; padding: 0px; width: 50%;"><!--[if mso]><table width=
=3D"100%" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"border-=
spacing:0;border-collapse:collapse;mso-table-lspace:0pt;mso-table-rspace:0p=
t;"><tr><td style=3D"padding:0;" align=3D"left"> <v:roundrect xmlns:v=3D"ur=
n:schemas-microsoft-com:vml" xmlns:w=3D"urn:schemas-microsoft-com:office:wo=
rd" href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196741819225587=
8e9689713&_m=3D93db12d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfN=
Y9a5vJJaUqEAzQTawq4Fi8Q1K1LHCEsxNrnv2zjEHB6O2xm28MDLPvKs1ScTPVXZlUapowqewrg=
-6wmdNcrijX-US3FEeWYMRuASpRE0PD7Xsv772MpNSXeo0LMDqXmX2cQIZIpmL1vgJOvz7d8H3R=
8pQuRWHvgkj9v1m9ItSLg-6I0P5zSarksRrPGgGI9hAzIj3LworsOahEkJik99NqDeb1eUflx-n=
sj9bwRwaRafooVgjiIaS78sEch4jMLjO31lyylQDk0immuJY9TeRhlY2bEukUcdAwp90EHNTCoO=
qwujO6W4OlpCV4KRKIKvu45lSOcmshS2bLwQjdIQq-o9S1HWC7zrkxp7uhtGQsddxD_TXIXYTL3=
sRGuEcz1su6t0b7GIDpxmcJ1XP5i8IVc0QIrmR1hyi5Nta3J0FFd6-nJ3IcAijXxwU8uPBPSpPp=
hFlzW1fviwHm1AXi8qs%3D" style=3D"width:350pt;v-text-anchor:middle;" arcsize=
=3D"17%" stroke=3D"false" fillcolor=3D"#0052ff"> <w:anchorlock/><v:textbox =
inset=3D"0,0,0,0"><center style=3D"font-family: Helvetica Neue, Helvetica, =
Arial, sans-serif;"><![endif]--><a href=3D"https://links.coinbase.com/a/cli=
ck?_t=3D3aca56371967418192255878e9689713&_m=3D93db12d64bd945eebf35bebb7ca78=
efe&_e=3DeTlU11JAbvv0EnrQbP2UfNY9a5vJJaUqEAzQTawq4Fi8Q1K1LHCEsxNrnv2zjEHB6O=
2xm28MDLPvKs1ScTPVXZlUapowqewrg-6wmdNcrijX-US3FEeWYMRuASpRE0PD7Xsv772MpNSXe=
o0LMDqXmX2cQIZIpmL1vgJOvz7d8H3R8pQuRWHvgkj9v1m9ItSLg-6I0P5zSarksRrPGgGI9hAz=
Ij3LworsOahEkJik99OhDeAjfBDd23fVdsqSBQAd_hv9d7pwBsswYdG_xE5mRenooEa67228zbK=
rEo5ihN_a6AK08V9PHCK0ntHxEioOeC2gybf1Arv6RlOuxxDojLNgzyt86THWMa0DDhPEHh_DCL=
PCKi2xkGFj1NZ312B1AIPPe6aNY0sgdFzNAFFrM2eBvCiAVlKs-nEzfDUfbVlfcS3jqBQ8HdZlj=
l25BR4DC-dByaDqe9_cVGuvuvyTwUGW38tUKyNuSW5S7KGoVV8%3D" target=3D"_blank" re=
l=3D"noopener noreferrer" style=3D"display: block; margin: 0px; line-height=
: 1.2; font-size: 16px; text-decoration: none; color: rgb(255, 255, 255); b=
ackground-color: rgb(0, 82, 255); border-radius: 8px; text-align: center; p=
adding: 18px 0px;"><strong>Discover NFT artists</strong></a><!--[if mso]></=
center></v:textbox></v:roundrect></td></tr></table><![endif]--></div> <tabl=
e width=3D"100%" role=3D"presentation" valign=3D"top" style=3D"table-layout=
: fixed; vertical-align: top; border-spacing: 0px; border-collapse: collaps=
e; min-width: 100%; text-size-adjust: 100%;"> <tbody> <tr style=3D"vertical=
-align: top;"> <td valign=3D"top" style=3D"word-break: break-word; vertical=
-align: top; min-width: 100%; text-size-adjust: 100%; padding: 48px 0px;"><=
table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"100%" align=
=3D"center" role=3D"presentation" valign=3D"top" 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=
"vertical-align: top;"> <td valign=3D"top" style=3D"word-break: break-word;=
 vertical-align: top; text-size-adjust: 100%;"><span></span></td> </tr> </t=
body> </table></td> </tr> </tbody> </table> <div> <table style=3D"margin: 0=
px; padding: 0px;"> <tbody> <tr> <td style=3D"margin: 0px; padding-right: 1=
1px; vertical-align: middle;"><img src=3D"https://d15k2d11r6t6rl.cloudfront=
.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5637=
1967418192255878e9689713/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> NOW TRADING ON COINBASE </strong>=
</p></td> </tr> </tbody> </table> </div> <a href=3D"https://links.coinbase.=
com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D93db12d64bd945eebf35=
bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfNY9a5vJJaUqEAzQTawq4FiiX0xcONvEFr7pj=
liodMkqcZNoI-8H3WR6HUGyL2BLBmktfjRYPq_ZeEOhx1PCEYrJcqL4HZ3P7q17gRfdNr3ntq0T=
v2n68NqQU7oWFqBWbGhS4MAxhWTSPqbIruq74p_Cg8UzZ00dJszMB2Q-VdnCm8iny7i7t8PGjPK=
4gt61zAMVXKXk1DgX15fo1yxOXvagOU82y-CN-lzp73oBkctJmN66oHzP25EGDVhvqOWJ_2AHMK=
72fkRPuxxVnrPS70d8_mW4ubekPvAUaX7-FoUe1QH-uwBDJs1ObwZnfyRzTbjQcHfw5QpbB4ynu=
nbqJ7oKdqtA4nWnl5w1njvVHY0LA5N3h1WwolTK73XvYLMRTp8b1V3VhTf9c8ytUiaa4CCpgRGg=
b6COW3hTSNPwSBn2" target=3D"_blank" rel=3D"noopener noreferrer" style=3D"co=
lor: 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-he=
ight: 1.26; word-break: break-word; vertical-align: middle; white-space: no=
wrap;"><strong>IMX</strong></td> <td style=3D"vertical-align: middle; paddi=
ng-left: 12px;"><img src=3D"https://dynamic-assets.coinbase.com/a7d84f34707=
72b54098325668c451bed7783b72092043253422232cda93b75fce93e554f497d10ce712e16=
aca1d60c4309d204dc07dfc9a12411f25c07d65ab7/asset_icons/98c6ce796a9a3787ecdd=
b35b2d27dfaef77bb1ababff4c5af9c72c5a1e116351.png" width=3D"26" height=3D"26=
" style=3D"display: block; width: 26px; height: 26px; vertical-align: middl=
e;"></td> <td style=3D"vertical-align: middle; text-align: right; width: 10=
0%;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integra=
tors/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/=
Newsletter%20Assets/newlistings_light.png" width=3D"21" height=3D"18" style=
=3D"width: 21px; height: 18px; vertical-align: middle;"></td> </tr> </tbody=
> </table> <p style=3D"margin: 0px; line-height: 1.6;">IMX is an Ethereum t=
oken that powers Immutable X, a scaling solution for NFTs that aims to enab=
le near-instant, low fee transactions. </p> </a><a href=3D"https://links.co=
inbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D93db12d64bd94=
5eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfNY9a5vJJaUqEAzQTawq4FgPHeZQO3=
E9KiL4De8dDVE1KesU__beBPtzaRe5gR3IRH6N5khYeo9OLAGpEPLlDIAFtNX6vajTPGP1tOa-j=
g9_K7tFFW4l7pUaCV24CZCkjesm1wHbkw24ijlYr66dAafoWEt_f7VXn6zw7XdjhJsqZjnHFZ_Z=
InFGBfN7V0cHVRVQenC_bGhs1a8Nd34Gbvc-TAfbTOWkB02i_4HPPWDsoPRtzXLfISc5cqIuyei=
w9UhYIpUEd7J_H2cbS0XL5TbrnnwCnrAKFmJqxIeDES8L5IcQE1qwU6R5k8860Ppnt8gJ2hXvl7=
gOfJYNBKDDpwvLgpgyRS-QfgATLjMoM20I6hbZZtkYsQ_XgAmPJmfn5As1AHL6T8iKV_bh-lU7D=
is%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; w=
idth: 100%;"> <tbody> <tr> <td style=3D"font-size: 32px; line-height: 1.26;=
 word-break: break-word; vertical-align: middle; white-space: nowrap;"><str=
ong>BICO</strong></td> <td style=3D"vertical-align: middle; padding-left: 1=
2px;"><img src=3D"https://dynamic-assets.coinbase.com/c13497348b928a13af38d=
c4bbdec2b7ab076f5ad3afc90a31c7c00ed850fff90b955bb2abda292c40e8e1ec6d6f4afd0=
394c1a40f9eee22fcaf4c522793fd433/asset_icons/5c78d3e386b7a2580a150dc01c6c1e=
1cb21192dc939badcd422c8742b4e9a11c.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"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5=
713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/Newsletter=
%20Assets/newlistings_light.png" width=3D"21" height=3D"18" style=3D"width:=
 21px; height: 18px; vertical-align: middle;"></td> </tr> </tbody> </table>=
 <p style=3D"margin: 0px; line-height: 1.6;">BICO is an Ethereum token powe=
ring Biconomy, a protocol that aims to seamlessly connect users to any dece=
ntralized application across multiple chains for relatively low fees. </p> =
</a><a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196741819225=
5878e9689713&_m=3D93db12d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2=
UfNY9a5vJJaUqEAzQTawq4FiFoZzEmQCnnsbNGoUfeLcbeXOTnN1ibEGrQfNrwMO1MfWYY9cMOI=
K_9r5b0uZkM5kKIRGhp11vgDh-5voDBdKVmO9ZR3e6-v5zlermXtEk3Jh2N0AUINY5UuW7fg9J_=
STXNfc2c4XLTbv6rzUvX93-Jk_cOyF_bGsBKscC_agYzSAgAb2IXUuAqM7jRqIbKgYn0Oh1cviU=
AxsugooucZIdQQbzC62GqxtIEdiiJ4t1GUBt1bhsvE4KDE-G1Xsb0fSm3e81HCYg4oHYZcBl2eZ=
bt8yF7-a1JE2Z7tq_ZovpAOuDxoHjP_T0xQxyLQyXiGrorvxYSmWnOp-IIqRayUABye40iM-C_E=
dH8ds8HyEeaFIc82067qPlgsBhcya2eMI%3D" target=3D"_blank" rel=3D"noopener nor=
eferrer" style=3D"color: rgb(10, 11, 13); text-decoration: none;"> <table s=
tyle=3D"margin: 16px 0px 0px; width: 100%;"> <tbody> <tr> <td style=3D"font=
-size: 32px; line-height: 1.26; word-break: break-word; vertical-align: mid=
dle; white-space: nowrap;"><strong>API3</strong></td> <td style=3D"vertical=
-align: middle; padding-left: 12px;"><img src=3D"https://dynamic-assets.coi=
nbase.com/f7ebfe65087148ff64cb5c3ef61ab2ff3f48a2a78825f9b1856270311cad5769c=
fbcec2aa7d4c4c7cf8f8be1ef664d128de2a055f2a3a5b9e2178abec8779f8c/asset_icons=
/b7e4d5f6878b345a5ba7d75a4c8f6d1ee9b9145e24331963d599a856345b3ca9.png" widt=
h=3D"26" height=3D"26" style=3D"display: block; width: 26px; height: 26px; =
vertical-align: middle;"></td> <td style=3D"vertical-align: middle; text-al=
ign: right; width: 100%;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net=
/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967=
418192255878e9689713/Newsletter%20Assets/newlistings_light.png" width=3D"21=
" height=3D"18" style=3D"width: 21px; height: 18px; vertical-align: middle;=
"></td> </tr> </tbody> </table> <p style=3D"margin: 0px; line-height: 1.6;"=
>API3 is an Ethereum token that powers the API3 project, which aims to conn=
ect traditional APIs with the blockchain ecosystem. </p> </a><a href=3D"htt=
ps://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D=
93db12d64bd945eebf35bebb7ca78efe&_e=3DeTlU11JAbvv0EnrQbP2UfNY9a5vJJaUqEAzQT=
awq4Fgrrfpv9TxqDZf6HRiFaKf-Qn1klZD-RDfSkyNucV499ONoJ8nfCO-jhFgy3zd8euf3fmS8=
119ict_v43fNjZj68uvLBIWDTrmXeUEYIsvyuw0J8LYy4_Y7kK83tKnqUIposEo_-EXNAJl7qEC=
H3XZ9Wvj-m_dyTQKZLDnteRhlWvsprNNfMqW0HwaTJEy3XBiB4YAC3tiBwC2AyT2rrgvjHmVI9b=
pbCBjtFLNnOSbGH0KO6JF61ApW6WtvAcH28aEGgtxH7JIfUv8m6k_gus1bIFdA37PAh0XkrNGRb=
s6PWEg78dgwZrVQBbb7aQFZbJyNwA7WgX21xuketxE0JfJ87O-5qJ_NcRuVIHuS8mizyws-v7J3=
MCCFgwSbRcL90HTIuz63jxyMvs3_EfzrDpGI" target=3D"_blank" rel=3D"noopener nor=
eferrer" style=3D"color: rgb(10, 11, 13); text-decoration: none;"> <table s=
tyle=3D"margin: 16px 0px 0px; width: 100%;"> <tbody> <tr> <td style=3D"font=
-size: 32px; line-height: 1.26; word-break: break-word; vertical-align: mid=
dle; white-space: nowrap;"><strong>GODS</strong></td> <td style=3D"vertical=
-align: middle; padding-left: 12px;"><img src=3D"https://dynamic-assets.coi=
nbase.com/f3af9fe7c5c92b272168b43858cd05462d61b5a2e53c990fc75467ede14932a27=
3803ca11d84564cf44a26a946fd7b98bc34972b83cb3ac771807292615af33d/asset_icons=
/b6098354862e3b12155d433429ea4b85dc0ef860a74d0aeef108426fea2d92f3.png" widt=
h=3D"26" height=3D"26" style=3D"display: block; width: 26px; height: 26px; =
vertical-align: middle;"></td> <td style=3D"vertical-align: middle; text-al=
ign: right; width: 100%;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net=
/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967=
418192255878e9689713/Newsletter%20Assets/newlistings_light.png" width=3D"21=
" height=3D"18" style=3D"width: 21px; height: 18px; vertical-align: middle;=
"></td> </tr> </tbody> </table> <p style=3D"margin: 0px; line-height: 1.6;"=
>GODS is an Ethereum token that powers Gods Unchained, a blockchain-based t=
rading card game. </p> </a> <table width=3D"100%" role=3D"presentation" val=
ign=3D"top" style=3D"table-layout: fixed; vertical-align: top; border-spaci=
ng: 0px; border-collapse: collapse; min-width: 100%; text-size-adjust: 100%=
;"> <tbody> <tr style=3D"vertical-align: top;"> <td valign=3D"top" style=3D=
"word-break: break-word; vertical-align: top; min-width: 100%; text-size-ad=
just: 100%; padding: 48px 0px;"><table border=3D"0" cellpadding=3D"0" cells=
pacing=3D"0" width=3D"100%" align=3D"center" role=3D"presentation" valign=
=3D"top" style=3D"table-layout: fixed; vertical-align: top; border-spacing:=
 0px; border-collapse: collapse; border-top: 2px solid rgb(222, 224, 226); =
width: 100%;"> <tbody> <tr style=3D"vertical-align: top;"> <td valign=3D"to=
p" style=3D"word-break: break-word; vertical-align: top; text-size-adjust: =
100%;"><span></span></td> </tr> </tbody> </table></td> </tr> </tbody> </tab=
le> <p style=3D"margin: 0px; line-height: 1.6; word-break: break-word;"><st=
rong>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-ri=
ght: 12px;"><strong>C</strong></td> <td>FEWOCiOUS</td> </tr> </tbody> </tab=
le> <table style=3D"margin: 48px 0px 0px;"> <tbody> <tr> <td style=3D"text-=
align: left;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/user=
s/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878=
e9689713/Rebrand%20Assets/coinbase_footer_wordmark.png" alt=3D"Coinbase" he=
ight=3D"26" style=3D"display: block; height: 26px; margin-bottom: 24px;"></=
td> </tr> <tr> <td><a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5=
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SQGnnTvcq3fvmyKW_joCK-n5lihbccZExL7jG36a7w4J5Ux-rps-5jpV-n26f9fz9qLi0u4mH5v=
CSLH9VhuYyUD2kWhkcI7qDkUDr3fsqY89ATBG5twn53iIiai0OBswsmZ3S18-vsWVI-GD-_7KRO=
zUcsB3-FG58OiOAW0WS9T2i6ZK3K0eAQxn_guLFs6DYizxSfezmxLcBY2DHIGwkrWB7_hSVqooP=
H-mx-iDFExX-gSlWE4_I6qBu-dPrkytm2hRAss2mJWS13yqpWOAl40H2ra7hd67hkc7-BYvIt3g=
QqyAa5kUmT8fpPBYDjN1VEBuObfDtc1bZcKrzJW3t68yCaJRdWHGrR203WbjpG2mclSu4" titl=
e=3D"coinbase ios app" target=3D"_blank" rel=3D"noopener noreferrer"><img s=
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pple.png" alt=3D"Download on iOS App store" height=3D"46" style=3D"display:=
 block; height: 46px; margin-right: 8px;"></a></td> <td><a href=3D"https://=
links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D93db1=
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U3MTM6DvVv0HN7AHKREjKJjMZi6aC_ct-3rY0QU8F95-8Y9pFX9GLcHsHgyd9Q-V0qW14FDeWhe=
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blank" rel=3D"noopener noreferrer"><img src=3D"https://d15k2d11r6t6rl.cloud=
front.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3ac=
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le Play" height=3D"46" style=3D"display: block; height: 46px;"></a></td> </=
tr> </tbody> </table> <div style=3D"margin-top: 24px;"> <p style=3D"font-si=
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