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Date: Wed, 7 Sep 2022 23:47:41 +0000
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From: Coinbase Bytes <newsletter@mail.coinbase.com>
Message-ID: <010001831a5a3026-c700237f-5452-4547-a936-86a325c6f446-000000@email.amazonses.com>
Mime-Version: 1.0
Reply-To: newsletter@mail.coinbase.com
Subject: The Ethereum Merge has begun
To: Vincent Herbert <vince@showfile.com>

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Coinbase Bytes The latest ETH updates. Plus, we=E2=80=99re answering the mo=
st common=20
Merge questions. View in browser=20
<https://links.coinbase.com/e/evib?_t=3D3aca56371967418192255878e9689713&_m=
=3D32f30dec3d5541f2a7c82cfec06144ce&_e=3DJL55iuGUZW-F6zfnDjfPsN_Dl0-rk4BDN-=
YoKVTzf06l6FZwPvyg7EIq8CB1boU2hvIQx56BmM1KG_ZKYpsfhA%3D%3D>
 <https://coinbase.com>=20
 8 Sep 2022=20
 <https://www.coinbase.com/>=20
The Ethereum Merge is upon us. [Image courtesy of Liam Cobb=20
<https://liamcobb.com/>]

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:

 * Ethereum=E2=80=99s Merge has begun. The blockchain=E2=80=99s upgrade to =
Proof-of-Stake was=20
activated by this week=E2=80=99s Bellatrix upgrade.=20
 * All your Ethereum Merge questions, answered. We=E2=80=99re breaking down=
 the most=20
commonly asked questions about the Merge.=20
 * A reading guide to learn more about the Merge. We=E2=80=99ve collected s=
ome helpful=20
resources to help you dive deeper into Ethereum=E2=80=99s upgrade.=20




Bitcoin

 =C2=A316,736.32=20

 -2.98%=20
 <https://coinbase.com/price/bitcoin?bytes_title=3Dbitcoin>=20

Ethereum

 =C2=A31,416.64=20

 +4.92%=20
 <https://coinbase.com/price/ethereum?bytes_title=3Dethereum>=20


Cardano

 =C2=A30.41=20

 +7.80%=20
 <https://coinbase.com/price/cardano?bytes_title=3Dcardano>=20

Solana

 =C2=A328.36=20

 +5.23%=20
 <https://coinbase.com/price/solana?bytes_title=3Dsolana>=20


Dogecoin

 =C2=A30.05=20

 +0.19%=20
 <https://coinbase.com/price/dogecoin?bytes_title=3Ddogecoin>=20

Polkadot

 =C2=A36.25=20

 +2.97%=20
 <https://coinbase.com/price/polkadot?bytes_title=3Dpolkadot>=20


Bitcoin

 =C2=A316,736.32=20

 -2.98%=20
 <https://coinbase.com/price/bitcoin?bytes_title=3Dbitcoin>=20

Ethereum

 =C2=A31,416.64=20

 +4.92%=20
 <https://coinbase.com/price/ethereum?bytes_title=3Dethereum>=20

Cardano

 =C2=A30.41=20

 +7.80%=20
 <https://coinbase.com/price/cardano?bytes_title=3Dcardano>=20


Solana

 =C2=A328.36=20

 +5.23%=20
 <https://coinbase.com/price/solana?bytes_title=3Dsolana>=20

Dogecoin

 =C2=A30.05=20

 +0.19%=20
 <https://coinbase.com/price/dogecoin?bytes_title=3Ddogecoin>=20

Polkadot

 =C2=A36.25=20

 +2.97%=20
 <https://coinbase.com/price/polkadot?bytes_title=3Dpolkadot>=20
Price changes are for the past week, ending on Sep 7, 2022 at 11:09 PM UTC
See the latest prices <>=20



 MERGE ON THE VERGE=20

Ethereum=E2=80=99s Merge is underway. What=E2=80=99s the reaction?

On Tuesday morning, Ethereum's transition from Proof-of-Work=20
<https://www.coinbase.com/learn/crypto-basics/what-is-proof-of-work-or-proo=
f-of-stake#:~:text=3Din%20this%20explainer.-,What%20is%20proof%20of%20work%=
3F,-Proof%20of%20work>
 toProof-of-Stake=20
<https://www.coinbase.com/learn/crypto-basics/what-is-proof-of-work-or-proo=
f-of-stake#:~:text=3Dproof%20of%20stake.-,What%20is%20proof%20of%20stake%3F=
,-Ethereum%E2%80%99s%20developers%20understood>
 approached completion when the last major upgrade of its network ahead of =
the=20
much-anticipated Merge wasactivated=20
<https://twitter.com/terencechain/status/1567115533233049606>. The so-calle=
d=20
Bellatrix upgrade <https://blockworks.co/ethereums-bellatrix-upgrade-goes-l=
ive/>
 marks the first of two steps (the Paris upgrade, which will complete the=
=20
process, is expected next week) that will serve to bring the Merge to fruit=
ion.=20
A complex technological endeavor years in the making, the Merge aims to mak=
e=20
the second-biggest crypto by market value more energy-efficient and scalabl=
e.=20
With the Merge now underway, let=E2=80=99s take a look at some market, deve=
loper, and=20
investor reactions.

 * As the Merge upgrade kicked off, ETH was up more than 5%=20
<https://www.bloomberg.com/news/articles/2022-09-06/ether-gains-as-one-of-t=
he-last-legs-of-network-upgrade-begins?srnd=3Dcryptocurrencies-v2&sref=3DaI=
nCMkkj>
 as of Tuesday morning and outperforming the broader crypto market.Enthusia=
sm=20
for Ethereum Name Service domain names (basically web3 usernames that repre=
sent=20
long alphanumeric crypto wallet addresses) has also surged, with a170% spik=
e =20
<https://decrypt.co/109028/ethereum-domain-names-top-nfts-as-most-traded-as=
set-on-opensea>
in sales sending ENS names to the top of the sales chart ahead of Bored Ape=
=20
Yacht Club on NFT marketplace OpenSea. The lead-up to the Merge has seen=20
derivatives trading for ETH increase roughly10%=20
<https://www.coindesk.com/markets/2022/09/02/derivative-volumes-of-ether-su=
rpass-bitcoin-ahead-of-merge-heres-why/>
 over the last month, with open interest in ETH options having exceeded tho=
se=20
of Bitcoin for the first time in August,noted=20
<https://www.theblock.co/post/167454/ether-derivatives-smash-milestones-lef=
t-and-right-as-the-merge-looms?utm_source=3Dbasicrss&utm_medium=3Drss>
 the Block.=20
 * Ethereum developers were, not surprisingly, excited about the success of=
=20
the Bellatrix upgrade.Developer Tim Beiko perhaps captured the mood of the=
=20
moment when he noted <https://twitter.com/TimBeiko/status/15671971846675783=
68>=20
that =E2=80=9CI=E2=80=99ve said =E2=80=98we might have merged by then=E2=80=
=99 twice on meetings today and it=20
feels pretty surreal tbh! It's happening.=E2=80=9D With one final hurdle to=
 come before=20
the Merge is complete, developer Preston Van Loonsaid=20
<https://www.forbes.com/sites/ninabambysheva/2022/09/06/first-phase-of-ethe=
reum-merge-biggest-thing-in-crypto-since-bitcoin-goes-live/?sh=3D4fc2ce9417=
db>
 that for those working on the project, =E2=80=9Cwe're not sleeping much in=
 part out of=20
excitement and in part out of a little bit of anxiety because it is such a =
big=20
deal with so much at stake.=E2=80=9D=20
 * What will happen to Ethereum=E2=80=99s price as the Merge is completed? =
That=E2=80=99s=20
anyone=E2=80=99s guess.Some traders are expecting it to push prices higher=
=20
<https://blockworks.co/what-could-happen-to-the-ether-price-following-the-m=
erge/>
, while others think it will do theopposite=20
<https://cointelegraph.com/news/surge-or-purge-why-the-merge-may-not-save-e=
thereum-price-from-septembear>
. (You can read Coinbase Institutional Research=E2=80=99s examination of bu=
ll and bear=20
caseshere=20
<https://www.coinbase.com/institutional/research-insights/research/market-i=
ntelligence/ethereums-merge-investing-at-an-inflection-point>
.) As a report from Citinoted=20
<https://www.coindesk.com/markets/2022/09/05/citi-ether-extends-rally-ahead=
-of-the-merge-despite-bitcoin-weakness/>
, =E2=80=9Cit is hard to say how much of the Merge is priced in=E2=80=9D al=
ready. But as Matt=20
Hougan, CIO of Bitwise Asset Management,told=20
<https://www.forbes.com/sites/ninabambysheva/2022/09/06/first-phase-of-ethe=
reum-merge-biggest-thing-in-crypto-since-bitcoin-goes-live/?sh=3D4fc2ce9417=
db>
 Forbes, =E2=80=9CAnyone who's expecting the Merge to happen on Sept. 15 an=
d ETH price=20
to double, I think, will be sorely disappointed.=E2=80=9D=20


Why it matters=E2=80=A6 After months of adverse headlines about inflation, =
the Fed=E2=80=99s=20
rate hikes, and crypto winter price declines, the reality that Ethereum=E2=
=80=99s=20
long-awaited upgrade is here could inject somemuch-needed optimism=20
<https://www.coindesk.com/business/2022/09/06/what-might-restart-the-crypto=
-bull-market-bernstein-has-ideas/>
 into the market. One of the primary reasons for this renewed confidence? A=
s=20
one commentatorput it=20
<https://www.coindesk.com/layer2/2022/08/18/ethereums-merge-will-increase-i=
ts-use-cases-and-drive-its-investment-narrative/>
, Ethereum=E2=80=99s transition =E2=80=9Cwill prove that a decentralized an=
d permissionless=20
network can operate in an energy-efficient manner.=E2=80=9D
More on the Merge and investing=20
<https://www.coinbase.com/institutional/research-insights/research/market-i=
ntelligence/ethereums-merge-investing-at-an-inflection-point?src=3Dthemerge=
_cta>



 ETH FAQ=20

Five key Ethereum Merge questions, answered

Still trying to wrap your head around the Merge? We=E2=80=99ve got you cove=
red. Below=20
we=E2=80=99re answering the most common questions about the Merge, from wha=
t it is to=20
why it matters. Let=E2=80=99s dive in.

 * What is the Merge? The Merge upgrade will see the Ethereum blockchain mo=
ve=20
from its current, energy-intensive "Proof-of-Work" system to a "Proof-of-St=
ake"=20
system. (Read more about the differences between PoW and PoS systems=20
<https://www.coinbase.com/learn/crypto-basics/what-is-proof-of-work-or-proo=
f-of-stake>
.)=20
 * What exactly is being merged? Ethereum=E2=80=99s upgrade will combine th=
e current=20
Proof-of-Work blockchain with a Proof-of-Stake blockchain called the Beacon=
=20
Chain, which has been running since 2020. After the Merge, the Beacon Chain=
=20
will begin validating Ethereum mainnet's blockchain through a system based =
on=20
rewards and penalties (i.e. "stake") rather than the costs associated with=
=20
energy-intensive computations (i.e. "work").=20
 * Why is it so important? The biggest protocol upgrade in the history of=
=20
crypto will see the second-largest cryptocurrency=E2=80=99s network move to=
ward being=20
vastly more energy efficient, potentially reducing its consumption by as mu=
ch=20
as 99%. The Merge will also allow for the building of more efficient scalin=
g=20
solutions =E2=80=94 Ethereum=E2=80=99s smart-contract compatible blockchain=
 powers everything=20
from DeFi to Bored Ape Yacht Club, but the tsunami of resulting traffic has=
=20
bogged down the network.=20
 * Will the Merge reduce Ethereum=E2=80=99s gas fees? In the short-term, pr=
obably not,=20
as the upgrade is about a change in the consensus mechanism (the way Ethere=
um=20
validates transactions) rather than an increase or expansion of its capacit=
y.=20
 * What comes after the Merge? In July, Ethereum co-founder Vitalik Buterin=
=20
laid out a series of upgrades that will follow the Merge. First up is what =
he=20
referred to as =E2=80=9Cthe surge,=E2=80=9D which will increase scalability=
 and enable faster,=20
cheaper transactions via a process called =E2=80=9Csharding,=E2=80=9D which=
 essentially divides=20
large pieces of data into smaller shards, making it even easier for layer-2=
=20
blockchains (like Polygon) to operate more efficiently on top of the main=
=20
Ethereum blockchain. (Read our explainer of the other upgradeshere=20
<https://www.coinbase.com/bytes/archive/ethereums-next-5-upgrades>.)=20

Our full guide to the Merge=20
<https://www.coinbase.com/ethereum-merge?src=3Dethfaq_cta> =20
<http://coinbase.com/buy?src=3Dbytesdynamicbanner_cta>=20

 AROUND COINBASE=20

A rundown of Merge resources

 * Our guide <https://www.coinbase.com/ethereum-merge> to all things Merge,=
=20
complete with a countdown clock!=20
 * Here=E2=80=99s a post=20
<https://blog.coinbase.com/the-ethereum-merge-is-coming-heres-what-you-need=
-to-know-5f3b3045aab2>
 from our blog on what users can expect from Coinbase in response to the Me=
rge.=20
 * Coinbase Head of Institutional Research David Duong unpacks=20
<https://www.coinbase.com/institutional/research-insights/research/market-i=
ntelligence/ethereums-merge-investing-at-an-inflection-point>
 the bull and bear investing cases for Ethereum related to the Merge along =
with=20
some misconceptions surrounding what this upgrade means to the network and =
its=20
users.=20
 * Coinbase software engineer Yuga Cohler explains=20
<https://blog.coinbase.com/the-merge-and-the-ethics-of-ethereum-dec22a43b36=
3>=20
why accomplishing the Merge will =E2=80=9Cprove the viability of decentrali=
zation as a=20
social organizing principle.=E2=80=9D=20
 * ICYMI last week, listen <https://www.youtube.com/watch?v=3DGUhDXUA4mfQ> =
to=20
Coinbase CEO Brian Armstrong and Ethereum co-creator Vitalik Buterin discus=
s=20
the Merge, Proof-of-Stake, decentralization and much more on our Around the=
=20
Block podcast.=20





 TOKEN TRIVIA=20

Which of the following is not a planned Ethereum upgrade?

A The Verge=20
B The Scourge=20
C The Purge=20
D The Splurge=20
Find the answer at the end of the email.
Explore Ethereum's next upgrades=20
<https://www.coinbase.com/bytes/archive/ethereums-next-5-upgrades?src=3Dtok=
entrivia_cta>



 NOW TRADING ON COINBASE=20

NEAR=20
NEAR is the native token of the NEAR Protocol, a highly scalable blockchain=
=20
network that provides a developer-friendly, decentralized application platf=
orm.
 <https://www.coinbase.com/price/near-protocol?bytes_new=3Dnear-protocol>=
=20
MXC=20
MXC is the ERC-20 utility token of the MXProtocol, a decentralized data=20
network which utilizes low-power wide area network technology.
 <https://www.coinbase.com/price/mxc?bytes_new=3Dmxc>=20
OOKI=20
OOKI is an Ethereum token that powers the Ooki Protocol, a decentralized=20
finance protocol that supports lending, borrowing, and margin trading.
 <https://www.coinbase.com/price/ooki-protocol?bytes_new=3Dooki-protocol>=
=20
CBETH=20
Coinbase Wrapped Staked ETH (=E2=80=9CcbETH=E2=80=9D) is a utility token th=
at represents=20
Ethereum 2 (ETH2), which is ETH staked through Coinbase.
=20
<https://www.coinbase.com/price/coinbase-wrapped-staked-eth?bytes_new=3Dcoi=
nbase-wrapped-staked-eth>


Trivia answer

B The Scourge=20

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



 =C2=A9 Coinbase 2022 | Coinbase Europe Limited=20
 70 Sir John Rogerson=E2=80=99s Quay | Dublin 2 | D02 R296 | Ireland=20
 +353 1800 200 355=20
 =C2=A9 Coinbase 2022 | CB Payments, Ltd=20
 5 Fleet Place | London | EC4M 7RD | UK=20
 +44 808 168 4635=20

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

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


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><a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196741819225587=
8e9689713&_m=3D32f30dec3d5541f2a7c82cfec06144ce&_e=3DmWsVv8sTITdFvdAvvQrd4r=
pNa9Om9xX62zg3o7er8m8Ul3pFTHFvoSoHn5GFqEAhMQWBNT5VQ1Y4wq_B9QGmexQXWrs_6MJxB=
pJTKTy-ruYKlTA-QVLRbvVrNuYPZ_QO-dPBusLahj5PKhDT85tbnw8lO7L9WmOSgvn03MfbBgyv=
5l8xuSBAcJJtAQ2nVNY4vvTvfEFFSvQBy_ZoZpG-am2AsNx0J-GUl5feEXhtQJMPqG4aV0IB1XK=
f1tEdiGzkxcZMHdwhBNxidM-UHDrad0KsQDFGQ8ew3GdxIvexPixpw8cwJ7xtsCbU0rICGehE" =
title=3D"Coinbase Bytes" target=3D"_blank" rel=3D"noopener noreferrer"><img=
 src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d=
5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/cbytes-4x=
.png" height=3D"36" style=3D"display: block; height: 36px;"></a></td> <td s=
tyle=3D"text-align: right;"><p style=3D"font-size: 20px; color: rgb(10, 11,=
 1); margin: 10px 0px 0px;"> 8 Sep 2022 </p></td> </tr> </tbody> </table> <=
/div> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192=
255878e9689713&_m=3D32f30dec3d5541f2a7c82cfec06144ce&_e=3DmWsVv8sTITdFvdAvv=
Qrd4t-9KD0qcINLPmDml0usAofY0esS-CqhOJQZaBnGbjV7lgOWyFOsCR2b1ehwKFNgrfW23HIE=
SsDEq5NHQKw0uvRT0KGzISM74_QQis2iiXS8Zm14jnrCOWKzu6yFs5_5f6oDQBpshK20E-eQzUD=
62u6FcooAb2tNPrQhHRSByQGkaHdcFH2aNXDJndrxa8gjRSZk1pq2YD3OPBL8U1wVqLKsvxV1Ey=
YRUawjCjZMhao1WSTO8m7kmY8JBzVQmVZGWW0FM9UbZdlQ_M4fVdfPhHOWvljyfrkCe7kcgLr0N=
vUa" target=3D"_blank" rel=3D"noopener noreferrer"><img src=3D"https://imag=
es.ctfassets.net/q5ulk4bp65r7/3GMhMn6wgmQaP0oxKggquN/aaad0fe1b2bbbb9e93f80e=
e0131544d0/The_Ethereum_Merge.jpg" width=3D"100%" style=3D"display: block; =
width: 100%;"></a> <p style=3D"margin: 16px 0px 0px; line-height: 1.5; word=
-break: break-word; font-size: 12px; color: rgb(91, 97, 110);">The Ethereum=
 Merge is upon us. [Image courtesy of&nbsp;<a href=3D"https://links.coinbas=
e.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D32f30dec3d5541f2a7=
c82cfec06144ce&_e=3DmWsVv8sTITdFvdAvvQrd4rWivXYrijsHDDsbf_HOINN36bPyXomDvWD=
SVz36YZaoSf5hPddeRkACaxDH5Hmm7mAFhlJF0q1yLs8dm0QZKYxZZUulgN3_-Mku1gVJVkqm5n=
mveDVmwyhwopwXGXY9iIHWwjgo3HJPjQwW2RfpSMUf7mVWnn9UvdmGVIIr4_c6-wDWT0sJ1jg4p=
6w7pFujSWfaT9i8G5ta4lKWBSRsvARDfXt_CVw6wz8rC1yTfk9oEp6Rgp82n4LFT7Nj84rXtdDJ=
zIxBFXSRLXnN9YUvyHDHPf9nBgi5bhw_5Y6tmtyb" target=3D"_blank" rel=3D"noopener=
 noreferrer">Liam Cobb</a>]</p> <p style=3D"margin: 48px 0px 16px; font-siz=
e: 32px; 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=
-height: 1.6; word-break: break-word;">There=E2=80=99s never a dull moment =
on the blockchain. Here=E2=80=99s what you need to know this week:</p> <!--=
[if mso]><ul style=3D"line-height:1.6;mso-line-height-alt:26px;"><![endif]-=
-><!--[if !mso]><!-- --><ul style=3D"margin: 10px 0px; padding-left: 24px; =
line-height: 1.6;"><!--<![endif]--> <li style=3D"margin: 0px; padding: 6px =
0px;"><strong>Ethereum=E2=80=99s Merge has begun. </strong>The blockchain=
=E2=80=99s upgrade to Proof-of-Stake was activated by this week=E2=80=99s B=
ellatrix upgrade.</li> <li style=3D"margin: 0px; padding: 6px 0px;"><strong=
>All your Ethereum Merge questions, answered. </strong>We=E2=80=99re breaki=
ng down the most commonly asked questions about the Merge.</li> <li style=
=3D"margin: 0px; padding: 6px 0px;"><strong>A reading guide to learn more a=
bout the Merge. </strong>We=E2=80=99ve collected some helpful resources to =
help you dive deeper into Ethereum=E2=80=99s upgrade.</li> </ul> <p style=
=3D"margin: 0px; padding: 0px;"></p> <!--[if !mso]><!--> <div class=3D"desk=
top_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> <t=
d style=3D"padding-top:40px;"> <a href=3D"https://links.coinbase.com/a/clic=
k?_t=3D3aca56371967418192255878e9689713&_m=3D32f30dec3d5541f2a7c82cfec06144=
ce&_e=3DmWsVv8sTITdFvdAvvQrd4hstoXqTndZirm7qJhA2xVg8I0k_mG-bc9ar07vODcXoIhl=
cbyLsbZ_Ve-F9NNPl1RACLOYjjmvLHeqkkVdlbMbkZm6J06-qyQ6e2hjhwGPt5Wiip9bqyuQvlI=
GDkkFRdqr-Bd9X7IqixM0WAKzfsLvBn-d8H10h76Y6bY58Lm13qQp7m0aONeVQ4SppqWdtnHIj8=
rtu9EB0K1JPheFRfddn_J5KsnM2VjUPRs3yjMxTCY2pvO7xyYKzBsBLYPLrzgv9bJWUO_OrxpjO=
tCleEBSpi2UM9Srr3O5ilOI2zOtZSPrUplpc0TSCC2yW4UW8xgvpIhB-4coYqOLP6E3ewcA%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 =
style=3D"margin:0;"><strong>Bitcoin</strong></p> <p style=3D"margin:8px 0px=
;"> =C2=A316,736.32 </p> <p style=3D"margin:0;font-size:12px;"> -2.98% </p>=
 </div> </td> </tr> </tbody> </table> </a> </td> <td style=3D"padding-top:4=
0px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196741819=
2255878e9689713&_m=3D32f30dec3d5541f2a7c82cfec06144ce&_e=3DmWsVv8sTITdFvdAv=
vQrd4hstoXqTndZirm7qJhA2xVjFUl1pvH0pND5U9SuoSz4rvSAYLdNiaMrvmW3RRsciK6TH6Zs=
3dpv_T8Inz1_RMhapN8TD1RrP9ThYerJzUWLZYc9D3I_f7SeOT3MH6qQ6Vg1nsSJuYzlqUIGfXZ=
-j0sJQBmPkABx2W0AMBcNv3oy0AUSM7ytaToYTaXrj-rI9uGX2COivd5Qw9VKCMsbeVaRiaupnL=
PPx2mbE1LQ6FFQqU7gE0K4hFwjVmoh5wtNlgu9Iv_cqHem1O1Ni9VgqFTsr7Wu9DzK16gAbVyhH=
5XPqLTWbbBmy0SuSLTzMDIViy07uDUWwF1WfSsDe5ZJ1DmE%3D" target=3D"_blank" style=
=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D=
"padding:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfr=
ont.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5=
6371967418192255878e9689713/up-arrow.png" style=3D"height:12px;width:12px;m=
argin:2px 0px 0px 0px;vertical-align:top;" height=3D"12" width=3D"12"/> </t=
d> <td style=3D"padding:0;vertical-align:top;"> <div style=3D"text-align:le=
ft;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>=
Ethereum</strong></p> <p style=3D"margin:8px 0px;"> =C2=A31,416.64 </p> <p =
style=3D"margin:0;font-size:12px;"> +4.92% </p> </div> </td> </tr> </tbody>=
 </table> </a> </td> </tr> <tr> <td style=3D"padding-top:20px;"> <a href=3D=
"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_=
m=3D32f30dec3d5541f2a7c82cfec06144ce&_e=3DmWsVv8sTITdFvdAvvQrd4hstoXqTndZir=
m7qJhA2xViC8I4C8GEfTOYmfRukZ9UOYZKA4oYMfMIWGB-ZxChDq2K-74PkIXuvw7i2NXgAg4Sf=
d8swjHg7aaLmo3sdmRN2i4WMqqkvw2mdkrg0L_9XId3A55c6BdBabboKOkMdH6cZsxds8f9b-Nr=
MX85cXTrsaxOiMh4StBMLnV2EzX-Dynx2DOFAPUj5eoi-Ug_JldNXvYI6pTDupRwcrK5UQ16C9n=
vm3-YvBNI24stFF0zHYMjcFko1wtaCscEAOnI9BkSXRAwodY6pFAiVwGvQlHQFV1IFhKo5tJXzs=
L2wa0M20YkVpkMjDuVLOPP4M_mABvw%3D" target=3D"_blank" style=3D"text-decorati=
on:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertic=
al-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/us=
ers/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca563719674181922558=
78e9689713/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"p=
adding:0;vertical-align:top;"> <div style=3D"text-align:left;margin:0px 0px=
 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Cardano</strong><=
/p> <p style=3D"margin:8px 0px;"> =C2=A30.41 </p> <p style=3D"margin:0;font=
-size:12px;"> +7.80% </p> </div> </td> </tr> </tbody> </table> </a> </td> <=
td style=3D"padding-top:20px;"> <a href=3D"https://links.coinbase.com/a/cli=
ck?_t=3D3aca56371967418192255878e9689713&_m=3D32f30dec3d5541f2a7c82cfec0614=
4ce&_e=3DmWsVv8sTITdFvdAvvQrd4hstoXqTndZirm7qJhA2xVit2n4CnyJ7p0QlLnbvIxKfjN=
FbzL1pozu7kGioPLHHTzJ5oO-eFY_ju2E9j-4XKI3HYTyqcSN8owA11z_mw6aKMugCFszXlKpSR=
f1Hgix_rjr68FY-HtBvaZ09vOrK2rRLLtIsqYGIJn3_f5OLraEiW3ImSa-MQXOQABclxkkZ6CkQ=
OWJvFwiUB6gEqYTgCUm451leHGZudn5oStoRNkQ1pHwjvvzXirDiTWRtep2BuY67nANZLsPSYi0=
jv_8XWL6cU3ASr5K_vObU2MzJPGyJ90uNi8JsrposW7RmjR-2NRe0lSNS-M5gbmvKUSJfTG4%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-46b=
b-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" style=3D=
"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=
=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;vertical-align:top;"> <=
div style=3D"text-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p st=
yle=3D"margin:0;"><strong>Solana</strong></p> <p style=3D"margin:8px 0px;">=
 =C2=A328.36 </p> <p style=3D"margin:0;font-size:12px;"> +5.23% </p> </div>=
 </td> </tr> </tbody> </table> </a> </td> </tr> <tr> <td style=3D"padding-t=
op:20px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca563719674=
18192255878e9689713&_m=3D32f30dec3d5541f2a7c82cfec06144ce&_e=3DmWsVv8sTITdF=
vdAvvQrd4hstoXqTndZirm7qJhA2xVjBPmoWSu6JV0XsN9v3xhnGUh16GzVekga2UuOYEX64_ws=
lqkJvdVp_GvYbZOxfOxxD0Dk3RNa5TfXpyw7n_P9hZMsr_ceqIgUCSkwITfhyZdK1FgNO5bq4cH=
9ThgxwZ8GD59_5HJoBWMbI21nuNXYgM6i1bkYD-gwkR9rVakhs56ODQi29j4f8MBKsfmjioICNs=
TLCeJNsiv8BXTiamTKI9SbZUGM7-UYzXZa8QyIXDeu_9IXyhRZ-6w92ntEqT1pyBYRlOX1SH2Y0=
RP5tSji9WAxv-5zen9o2jEc1Y6x-12iTuX-CgPuVTyNUnpiYjdI%3D" target=3D"_blank" s=
tyle=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td styl=
e=3D"padding:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.clo=
udfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3=
aca56371967418192255878e9689713/up-arrow.png" style=3D"height:12px;width:12=
px;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-alig=
n:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><str=
ong>Dogecoin</strong></p> <p style=3D"margin:8px 0px;"> =C2=A30.05 </p> <p =
style=3D"margin:0;font-size:12px;"> +0.19% </p> </div> </td> </tr> </tbody>=
 </table> </a> </td> <td style=3D"padding-top:20px;"> <a href=3D"https://li=
nks.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D32f30de=
c3d5541f2a7c82cfec06144ce&_e=3DmWsVv8sTITdFvdAvvQrd4hstoXqTndZirm7qJhA2xVi6=
85vDRjhFdRI7k4unDFBKc9IfF614rwzqjva7oV7wlOKkrJRQa1XY5adRxwkozuPWhMiy6EQXFMC=
m5cVzWQtfB5M2STuD_9pF1NYIoQNLZkVEHafo1Wr1qmgIMM-TlxeLvijmwi1GGNYvfM7EAHM2EF=
r6c8P1XRk8m0X20dWrjEzlWdHk1LwZUea6aqaZ4KjUMZZu0PczoBPcfn42HvjF3XxtTZL3-thLp=
pdJbHzbMdcqrArEgv_etdDOWonugeVoQxenBDRDSmWqqxT9nY17XSw6z9Rz-NAOBVTSJ2ocNUY2=
nSW215EWK1dJdL48X6s%3D" target=3D"_blank" style=3D"text-decoration:none;col=
or:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical-align:to=
p;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integra=
tors/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/=
up-arrow.png" style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertic=
al-align:top;" height=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;ve=
rtical-align:top;"> <div style=3D"text-align:left;margin:0px 0px 0px 10px;l=
ine-height:1;"> <p style=3D"margin:0;"><strong>Polkadot</strong></p> <p sty=
le=3D"margin:8px 0px;"> =C2=A36.25 </p> <p style=3D"margin:0;font-size:12px=
;"> +2.97% </p> </div> </td> </tr> </tbody> </table> </a> </td> </tr> </tbo=
dy> </table> </div> <!--<![endif]--> <div class=3D"mobile_hide"> <table sty=
le=3D"width:100%;table-layout:fixed;margin:0;"> <tbody> <tr> <td style=3D"p=
adding-top:40px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5=
6371967418192255878e9689713&_m=3D32f30dec3d5541f2a7c82cfec06144ce&_e=3DmWsV=
v8sTITdFvdAvvQrd4hstoXqTndZirm7qJhA2xVg8I0k_mG-bc9ar07vODcXoIhlcbyLsbZ_Ve-F=
9NNPl1RACLOYjjmvLHeqkkVdlbMbkZm6J06-qyQ6e2hjhwGPt5Wiip9bqyuQvlIGDkkFRdqr-Bd=
9X7IqixM0WAKzfsLv_r8oKt6ZyUAKex0B7RMwfZ-uIVLfje8Z9fAEaOqtoCD-Xi4sAEV4tuCCkq=
g84I_GhiSa_4yPjCWhVwQ-LI9jXhpZANHp7q_xG58V9ykd8MhKl3H4vzV6a7lPWhh3jwWM9LrH7=
96Idosu_rnJFEjyip9wwDxvFD8g7nYsbP2J5f90ll75gD06afXhlMaNjCQc%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://d15k2d11r6=
t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cf=
f6dd6a/3aca56371967418192255878e9689713/down-arrow.png" style=3D"height:12p=
x;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"12" widt=
h=3D"12"/> </td> <td style=3D"padding:0;vertical-align:top;"> <div style=3D=
"text-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margi=
n:0;"><strong>Bitcoin</strong></p> <p style=3D"margin:8px 0px;"> =C2=A316,7=
36.32 </p> <p style=3D"margin:0;font-size:12px;"> -2.98% </p> </div> </td> =
</tr> </tbody> </table> </a> </td> <td style=3D"padding-top:40px;"> <a href=
=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e968971=
3&_m=3D32f30dec3d5541f2a7c82cfec06144ce&_e=3DmWsVv8sTITdFvdAvvQrd4hstoXqTnd=
Zirm7qJhA2xVjFUl1pvH0pND5U9SuoSz4rvSAYLdNiaMrvmW3RRsciK6TH6Zs3dpv_T8Inz1_RM=
hapN8TD1RrP9ThYerJzUWLZYc9D3I_f7SeOT3MH6qQ6Vg1nsSJuYzlqUIGfXZ-j0sJQBmPkABx2=
W0AMBcNv3oy0BJp6juHu7Qb3placyPgHVmWgPh08vdr86vysCFb84T-adfVCRn3QieqrTp838k5=
wLqWmXp7TgSoXsjluy8W9ivLNyB4t8Ep_ms7lQ-PPm4ZDWKXl45EeGqZRxPriJ760naWYHON6qm=
Jix9nHYWEIUQPe9VW6gU2g1Ncfff-tHkU%3D" target=3D"_blank" style=3D"text-decor=
ation:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;ver=
tical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public=
/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca563719674181922=
55878e9689713/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>Ethereum</st=
rong></p> <p style=3D"margin:8px 0px;"> =C2=A31,416.64 </p> <p style=3D"mar=
gin:0;font-size:12px;"> +4.92% </p> </div> </td> </tr> </tbody> </table> </=
a> </td> <td style=3D"padding-top:40px;"> <a href=3D"https://links.coinbase=
.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D32f30dec3d5541f2a7c=
82cfec06144ce&_e=3DmWsVv8sTITdFvdAvvQrd4hstoXqTndZirm7qJhA2xViC8I4C8GEfTOYm=
fRukZ9UOYZKA4oYMfMIWGB-ZxChDq2K-74PkIXuvw7i2NXgAg4Sfd8swjHg7aaLmo3sdmRN2i4W=
Mqqkvw2mdkrg0L_9XId3A55c6BdBabboKOkMdH6chu6LyoMxRzCPDhD-xbUkWoJZT2k13t4nI2p=
-PTNsRpIWwr_RpaYqXhCRFgzDfuSdlRnlT_sfOPY9oeOxmRfbgVSlVz4nne_qRYC8Xu9r3v5-xI=
u9ndHGrxZ8HYovBRnFaGCJL5CwYaV986y4mya80hUDWUp5CmRr5aB5MJYU9iazEHKJ95byzN3ty=
J876ulY%3D" target=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"=
> <table> <tbody> <tr> <td style=3D"padding:0;vertical-align:top;"> <img sr=
c=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d571=
3-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png=
" style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top=
;" height=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;vertical-align=
:top;"> <div style=3D"text-align:left;margin:0px 0px 0px 10px;line-height:1=
;"> <p style=3D"margin:0;"><strong>Cardano</strong></p> <p style=3D"margin:=
8px 0px;"> =C2=A30.41 </p> <p style=3D"margin:0;font-size:12px;"> +7.80% </=
p> </div> </td> </tr> </tbody> </table> </a> </td> </tr> <tr> <td style=3D"=
padding-top:20px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca=
56371967418192255878e9689713&_m=3D32f30dec3d5541f2a7c82cfec06144ce&_e=3DmWs=
Vv8sTITdFvdAvvQrd4hstoXqTndZirm7qJhA2xVit2n4CnyJ7p0QlLnbvIxKfjNFbzL1pozu7kG=
ioPLHHTzJ5oO-eFY_ju2E9j-4XKI3HYTyqcSN8owA11z_mw6aKMugCFszXlKpSRf1Hgix_rjr68=
FY-HtBvaZ09vOrK2rQZPTRm05XUJLFZUqrsJ6NkHSFIakB0eY9NbfQrQusq5TRXQWg95-F3ZgSd=
W8BzQr3h--CUwy7JTItsOYZlRSD25pjLQ1i6NjgzMtU4zIPgXoK7A44vmyByNMLKSST4Cw9mbvy=
rJ7-NWjAD35zViVwDP2I8rwTFUJtEjlGze4l6zBIHWRpZ0q-SzzrU6bV5CZA%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://d15k2d11r=
6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542c=
ff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" style=3D"height:12px=
;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"12" width=
=3D"12"/> </td> <td style=3D"padding:0;vertical-align:top;"> <div style=3D"=
text-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin=
:0;"><strong>Solana</strong></p> <p style=3D"margin:8px 0px;"> =C2=A328.36 =
</p> <p style=3D"margin:0;font-size:12px;"> +5.23% </p> </div> </td> </tr> =
</tbody> </table> </a> </td> <td style=3D"padding-top:20px;"> <a href=3D"ht=
tps://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=
=3D32f30dec3d5541f2a7c82cfec06144ce&_e=3DmWsVv8sTITdFvdAvvQrd4hstoXqTndZirm=
7qJhA2xVjBPmoWSu6JV0XsN9v3xhnGUh16GzVekga2UuOYEX64_wslqkJvdVp_GvYbZOxfOxxD0=
Dk3RNa5TfXpyw7n_P9hZMsr_ceqIgUCSkwITfhyZdK1FgNO5bq4cH9ThgxwZ8GD59_5HJoBWMbI=
21nuNXYg9w9XC82oTmbK6L_bua3oBZCQeCRVD0VhkDM1cQJjeop-bm5iZzuBFtzqrQHzHBvHjOT=
30TqiqJm74fX920Osh743wFEx88F_oV9KAmlkEexaJ6SliYvPfRLGtUsRiY8gOT5D0GLQQA1J5Y=
u4EelNzjro0EC_JIsywLFEdWl3Ktg%3D" target=3D"_blank" style=3D"text-decoratio=
n:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertica=
l-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/use=
rs/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5637196741819225587=
8e9689713/up-arrow.png" style=3D"height:12px;width:12px;margin:2px 0px 0px =
0px;vertical-align:top;" height=3D"12" width=3D"12"/> </td> <td style=3D"pa=
dding:0;vertical-align:top;"> <div style=3D"text-align:left;margin:0px 0px =
0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Dogecoin</strong><=
/p> <p style=3D"margin:8px 0px;"> =C2=A30.05 </p> <p style=3D"margin:0;font=
-size:12px;"> +0.19% </p> </div> </td> </tr> </tbody> </table> </a> </td> <=
td style=3D"padding-top:20px;"> <a href=3D"https://links.coinbase.com/a/cli=
ck?_t=3D3aca56371967418192255878e9689713&_m=3D32f30dec3d5541f2a7c82cfec0614=
4ce&_e=3DmWsVv8sTITdFvdAvvQrd4hstoXqTndZirm7qJhA2xVi685vDRjhFdRI7k4unDFBKc9=
IfF614rwzqjva7oV7wlOKkrJRQa1XY5adRxwkozuPWhMiy6EQXFMCm5cVzWQtfB5M2STuD_9pF1=
NYIoQNLZkVEHafo1Wr1qmgIMM-TlxeLvijmwi1GGNYvfM7EAHM29UTqXjagqj_8rB_QWitYIOh5=
fkfW5xaQY1cOvp3yReA2j0v5Vlg0TIBBFtt09aIpfEuI1xzOX3LJ1W4CtfTaJD3tp3ZVOacveGz=
jtpA6AglMBaUNrHjtDZvBaj4qw1EyHawvgdLIZ5FwEC5ghb3gdtIc-wufkxMrL9gumSsQmH4%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-46b=
b-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" style=3D=
"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=
=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;vertical-align:top;"> <=
div style=3D"text-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p st=
yle=3D"margin:0;"><strong>Polkadot</strong></p> <p style=3D"margin:8px 0px;=
"> =C2=A36.25 </p> <p style=3D"margin:0;font-size:12px;"> +2.97% </p> </div=
> </td> </tr> </tbody> </table> </a> </td> </tr> </tbody> </table> </div> <=
p style=3D"margin: 20px 0px 0px; line-height: 1.5; word-break: break-word; =
color: rgb(91, 97, 110); font-size: 12px;">Price changes are for the past w=
eek, ending on Sep 7, 2022 at 11:09 PM UTC</p> <div class=3D"cta_button" st=
yle=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"b=
order-spacing:0;border-collapse:collapse;mso-table-lspace:0pt;mso-table-rsp=
ace:0pt;"><tr><td style=3D"padding:0;" align=3D"left"> <v:roundrect xmlns:v=
=3D"urn:schemas-microsoft-com:vml" xmlns:w=3D"urn:schemas-microsoft-com:off=
ice:word" href=3D"www.coinbase.com/price/" style=3D"width:350pt;v-text-anch=
or:middle;" arcsize=3D"17%" stroke=3D"false" fillcolor=3D"#0052ff"> <w:anch=
orlock/><v:textbox inset=3D"0,0,0,0"><center style=3D"font-family: Helvetic=
a Neue, Helvetica, Arial, sans-serif;"><![endif]--><a href=3D"www.coinbase.=
com/price/" target=3D"_blank" rel=3D"noopener noreferrer" style=3D"display:=
 block; margin: 0px; line-height: 1.2; font-size: 16px; text-decoration: no=
ne; color: rgb(255, 255, 255); background-color: rgb(0, 82, 255); border-ra=
dius: 30px; text-align: center; padding: 18px 0px;"><strong>See the latest =
prices</strong></a><!--[if mso]></center></v:textbox></v:roundrect></td></t=
r></table><![endif]--></div> <table width=3D"100%" role=3D"presentation" va=
lign=3D"top" style=3D"table-layout: fixed; vertical-align: top; border-spac=
ing: 0px; border-collapse: collapse; min-width: 100%; text-size-adjust: 100=
%;"> <tbody> <tr style=3D"vertical-align: top;"> <td valign=3D"top" style=
=3D"word-break: break-word; vertical-align: top; min-width: 100%; text-size=
-adjust: 100%; padding: 48px 0px;"><table border=3D"0" cellpadding=3D"0" ce=
llspacing=3D"0" width=3D"100%" align=3D"center" role=3D"presentation" valig=
n=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"t=
op" style=3D"word-break: break-word; vertical-align: top; text-size-adjust:=
 100%;"><span></span></td> </tr> </tbody> </table></td> </tr> </tbody> </ta=
ble> <div> <table style=3D"margin: 0px; padding: 0px;"> <tbody> <tr> <td st=
yle=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; height: 1=
2px;"></td> <td style=3D"margin: 0px; padding: 0px; vertical-align: middle;=
"><p style=3D"margin: 0px; font-size: 16px; letter-spacing: 0.075em;"><stro=
ng> MERGE ON THE VERGE </strong></p></td> </tr> </tbody> </table> <p style=
=3D"margin: 5px 0px 0px; font-size: 32px; line-height: 1.26; word-break: br=
eak-word;"><strong>Ethereum=E2=80=99s Merge is underway. What=E2=80=99s the=
 reaction?</strong></p> </div> <p style=3D"margin: 16px 0px 0px; line-heigh=
t: 1.6; word-break: break-word;">On Tuesday morning, Ethereum's transition =
from <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca563719674181922=
55878e9689713&_m=3D32f30dec3d5541f2a7c82cfec06144ce&_e=3DmWsVv8sTITdFvdAvvQ=
rd4t-9KD0qcINLPmDml0usAodGc__wv95zZCd1_pim4aeRkBhqDrndobmNUHZdQ4Ha8bNFWBADB=
l34ZE4CFAkpELB6_lCA_fvHng87f0U39Rox8BGq3huMRA_QsbPSsEV_HKGpRPvpNlVNzPZ5ZsKH=
86kkGxWgKZQ-0WVdhQNiQIQbLWl267_qlA2b8V-htctQ98dINTnXfq37w8x19WWP4o4SUJrLjhL=
N0CD_j6hHh-25xU2zrPj42o94_ixqLGuJ0lkSNPpzzLr3KFNmO1ndKD2n-GjF4-wjPFrkzTqPDE=
i7WocAcWPKElr0gCysOTGP36Vwt-1uzpwx2vq0pgtupe__YOKBkv6lAoa5OZq9IAd5pApqE60Jo=
iACXES6arsE27HaNC2ybbXxZdD4Tm0Mf6OGr41RA-ciKa408pfGnwQlaef-VGDxYR2GGeflf7WN=
2cEXJH_mAPKhREk-9tCV8I-1SlEP50PWWedCSIGvK63j" target=3D"_blank" rel=3D"noop=
ener noreferrer">Proof-of-Work</a> to <a href=3D"https://links.coinbase.com=
/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D32f30dec3d5541f2a7c82cf=
ec06144ce&_e=3DmWsVv8sTITdFvdAvvQrd4t-9KD0qcINLPmDml0usAodGc__wv95zZCd1_pim=
4aeRkBhqDrndobmNUHZdQ4Ha8bNFWBADBl34ZE4CFAkpELB6_lCA_fvHng87f0U39Rox8BGq3hu=
MRA_QsbPSsEV_HKGpRPvpNlVNzPZ5ZsKH86kkGxWgKZQ-0WVdhQNiQIQbLWl267_qlA2b8V-htc=
tQ9_PPe9gRlZBVeIM8yG_VCXUdg9PRxgHAI7_chow9q-njFm45oaDUjyWR9KmbM-1AvLZakVzz4=
3CujmVP_7yHNDn96di4xfCQtVx-kek4piaNzssRTYKvLOxUtiO9O-K13GxX-mosfvzv6Gkr151e=
ZKmxcpMFdp39RzVhpILBII7FOzmLDOEJBKqYUjY4s_hetI5f_cW90JXg03NiDxA-OFnRwX8qdCX=
kkHxu9hz81KGLwVLgHT6c4qOvNQEzHBbe-uj5x0fQQ16T0zxLtGL6heJna0rcvV9LF3PGAv6dJM=
bbPxSb5AHfZOwBuQp-BK5FkQZhs50HwLZdgTdo4HTHGBw%3D" target=3D"_blank" rel=3D"=
noopener noreferrer">Proof-of-Stake</a> approached completion when the last=
 major upgrade of its network ahead of the much-anticipated Merge was <a hr=
ef=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689=
713&_m=3D32f30dec3d5541f2a7c82cfec06144ce&_e=3DmWsVv8sTITdFvdAvvQrd4pccNhki=
MFB71FkyX50PQBDpWfhogZ8fL6QUGtKaCJRdnDRXfCGNVaoP2fd8FytSJSz-EVbOEMMVFU4N6mK=
4JdanXDRCPTcAMu5aXLadsgj6_F0yPPUli7hxR80L5BFnnXZ_bTsByHOYBctz4YBzR6MBo2H8Sz=
MhRC0oW-f4COmqwnaXF1Ty-dtH8UeOPQ-4G1AAuD8snvJT6wP-Kdhe7RvmWba57XMAHBQiKyp6o=
GZdxCOvybXfKYi25nH7qJGDo9e_SQDjWKHAnJIc7Sc48fEw0RbDViU7_v1gF_1DwqpsnoOJ0niY=
i6Yb_RjRvPdSSqxMn7GmQzJAj45nYcW4oyA%3D" target=3D"_blank" rel=3D"noopener n=
oreferrer">activated</a>. The so-called <a href=3D"https://links.coinbase.c=
om/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D32f30dec3d5541f2a7c82=
cfec06144ce&_e=3DmWsVv8sTITdFvdAvvQrd4j2HKp_-LP8Wq9vRBv1vxj9omwhF6BMwQPrToK=
bq9cZ7PKrlm1173Sb2Xs26TL-MpGKmt91pt9IU1JidZjTK4MKHDZkCbnQXhIm86rkk7-98ywUcp=
4v9oJxa_ltWXCWVEiBi9mL4bnh8N3pLONJnZFqrg0o0vvg-67dkgSnVXnWMSegf8StMZ5i23ups=
3mWIAI8YdXXjKz-EBnMDIN2HKrnxTqFKiy4ebUAP11zEyb5qmTWW57QnP-gn28yDSWe-TEkYkAW=
T9uCfspJcQEF4e-2-SEEJSv8D0j9eXuweZpco_LpzE6CWo5VRdKyCSXs6kfGtuCqlRlRSsjMxfy=
hpTVrEbnv0j4rPDnJkd1v7_9Ya" target=3D"_blank" rel=3D"noopener noreferrer">B=
ellatrix upgrade</a> marks the first of two steps (the Paris upgrade, which=
 will complete the process, is expected next week) that will serve to bring=
 the Merge to fruition. A complex technological endeavor years in the makin=
g, the Merge aims to make the second-biggest crypto by market value more en=
ergy-efficient and scalable. With the Merge now underway, let=E2=80=99s tak=
e a look at some market, developer, and investor reactions.</p> <!--[if mso=
]><ul style=3D"line-height:1.6;mso-line-height-alt:26px;"><![endif]--><!--[=
if !mso]><!-- --><ul style=3D"margin: 10px 0px 0px; padding-left: 24px; lin=
e-height: 1.6;"><!--<![endif]--> <li style=3D"margin: 0px; padding: 6px 0px=
;"><strong>As the Merge upgrade kicked off, ETH was up more than </strong><=
a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e=
9689713&_m=3D32f30dec3d5541f2a7c82cfec06144ce&_e=3DmWsVv8sTITdFvdAvvQrd4i1N=
uZsqqFtKRsq17sJroDRwGkdZnSVCO2qXCd6t_zNsFgGpc_REyxYOyd5mr_RxlSoxHbY0qv5cPTw=
4YRB0llnOJM74-hO1VGiI-aLZqV-pJmL44I_WvCoMGVsX9y4NTOG1l_QJLRhQ783a1dwcIlksf-=
p55tR7zQNCnp0hyFzCQy3TYTmQglP7GT8WufdMkgN1CpezN7UZfGA7V32T7ERJgyGoAMchJFfiH=
v8fXgmY20iLNo_B3nRAr85Beist8tbxwGcbluJJw9ZInfJBOzASfcZHAHLXK27sI4X62bySrT5X=
tsCBK9RiWT7gZ2a1fqfW5VI4nC5kLAvTgU1yKx9lpf62UnKcTKmuQoWlkaaX2WkPMkudzpftDUz=
Roru3B0mBmOMZztuA0oEH48KGEg3lvuEehyDEw9QfQ-Ffs20MUQl6yYEyBi0o8LDLWHBt0hqYxF=
9Vx6s69RCWD8vbDxI%3D" target=3D"_blank" rel=3D"noopener noreferrer"><strong=
>5%</strong></a><strong> as of Tuesday morning and outperforming the broade=
r crypto market. </strong>Enthusiasm for Ethereum Name Service domain names=
 (basically web3 usernames that represent long alphanumeric crypto wallet a=
ddresses) has also surged, with a <a href=3D"https://links.coinbase.com/u/c=
lick?_t=3D3aca56371967418192255878e9689713&_m=3D32f30dec3d5541f2a7c82cfec06=
144ce&_e=3DmWsVv8sTITdFvdAvvQrd4pNUJljzJDWdufsmSBHbx2E-0xEOTMLMcDQqlz6SHQXL=
Udm_xeourP3mdMvwQ7YWsTHs9opUJaibc-YMo9559j6M8dxvkbH53P53Co86kZkGYufE8q9VFIn=
wdWPTi6mGblm8kDqQYNtjeLHKEvH02CU0Ee0F_HbwUh_0aqscvrTmPHEpLHLaJcQq3IhQN1gMBb=
wDW9s8lXm_QTNLBsS6wivW2mKQCpUzmNbXpogX5eRe9bmfRxotk5cDLu7_cuzZ6hyjKVgAzct4n=
flC-XxV5LLnnGs3nq2I2e9zl4-h9hKDQBj4CY7O6GH33cm0qOecy8DgH4GBCWFxGD8aRGz4Qj78=
oazCoFn0dZBkuQxjq3BwmRJCgUcDOfls03Ax8CvtIA%3D%3D" target=3D"_blank" rel=3D"=
noopener noreferrer">170% spike </a>in sales sending ENS names to the top o=
f the sales chart ahead of Bored Ape Yacht Club on NFT marketplace OpenSea.=
 The lead-up to the Merge has seen derivatives trading for ETH increase rou=
ghly <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563719674181922=
55878e9689713&_m=3D32f30dec3d5541f2a7c82cfec06144ce&_e=3DmWsVv8sTITdFvdAvvQ=
rd4lG0ZIWr2mM3g468yBLx2mNkf8tu9kfkhJHxeHlKXVMPAWNu_QH7kFUwC_BPbyCq5QXbsBnwF=
NhF6pD5ce9cYBBahBy5IACo_oEN-975rEo0n4KshbH6DV4ckVUUt7IeVMXtsgg5zwA3GTBqWBz8=
s5lQCJizIm_wiLUzjTFo2dOFJBgFIRZRb-tJ5aovaI-_Ynji1IEAMslArZF8QBrhct9zUd_5jah=
2oJK1pS7lL7SVAkxQ5KfJfHh3V013zrGL1_jdeH63qQnfxSoN4opSC_EscRS9EBUgUZGS8ypVkU=
VvE4BrlI3VLpgIXmD0eRciegJPLCuoe2KzYKxlOQ02SUl2VxLUlV_L67kDb6pBGKmCroqMDbJ5q=
n2iNNXlVMMPY0dmltPSadK5P-bsxIcNeaSxWa3rdc8CcJyhzJxVXfm8" target=3D"_blank" =
rel=3D"noopener noreferrer">10%</a> over the last month, with open interest=
 in ETH options having exceeded those of Bitcoin for the first time in Augu=
st, <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637196741819225=
5878e9689713&_m=3D32f30dec3d5541f2a7c82cfec06144ce&_e=3DmWsVv8sTITdFvdAvvQr=
d4jhUdQJloyUNi3Cx41ZgnaPIEo7Ucy2u-_uJSAxLrRm-S8K9EvN60MJsvdrP9Tr86HRBZJ4sXS=
RZZ7YUETacsne1Wp0Xblk2v89uiXHNUAlo52eiCj9wPqcnWdgOamgGzXlrfw_Z9GD51qYhSVxag=
k9mTy1w41NRZtvtfvhfkKj_Xje-TNcBHn6sTG6LDuffawSDWY5NbcUsQgkKTQ18i70lXvPHu8Ef=
eIfy6lcj-T26MHTdYJzAbZgLkgVnJfNb9l--HuGQs0rb8IHVGWTdD0uipFYI175ba8lV8iZhOL_=
yOUXErrJeNoOthrWyRZe7YoiY10AT2bBx9aT1OLJ98yWZ82z9xMPn1AtAZ1v6aT1IxqLcZZvFD8=
hbwILDd1SUPTm6Qhf-OsitJ3Aie8PYB9eHNew78jl8spAjE7MlDWKD9pKVCpWIxOTw1-VBrNs29=
g%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">noted</a> the Block.=
&nbsp;</li> <li style=3D"margin: 0px; padding: 6px 0px;"><strong>Ethereum d=
evelopers were, not surprisingly, excited about the success of the Bellatri=
x upgrade. </strong>Developer Tim Beiko perhaps captured the mood of the mo=
ment when he<a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967=
418192255878e9689713&_m=3D32f30dec3d5541f2a7c82cfec06144ce&_e=3DmWsVv8sTITd=
FvdAvvQrd4k4owEQO8QFi9MA-hXgs6p5nHwruk1QlAqIhJWs7giuODHB5eSxDf5mxGdVKxQirAZ=
IZ2S_vSObl2CIEX8Mc9H-F9CoDH3fBkQC1VC7Buv55tqt9CtqR0TzEVCdqsHSKRIxD_olBgPI2n=
Wt0IxUlNglGKDVzByZBURxO_vdNlvz3jaIeztWs6aSXLp-_df7wh5ssqopobO_kevNPufJH8Ttz=
ktu6ULc3mQ6Gcn4oY8rk4ltGZbq1tO3-3Ti1cmgTLjDshAOJSVMg25YREbTKKeGDuXTnkF5Vm36=
_Su6Yj-7kMqTJV1aNBeoqt2tqRyzyzp9kZRa7R6nbCWRGLvV97es%3D" target=3D"_blank" =
rel=3D"noopener noreferrer"> noted</a> that =E2=80=9CI=E2=80=99ve said =E2=
=80=98we might have merged by then=E2=80=99 twice on meetings today and it =
feels pretty surreal tbh! It's happening.=E2=80=9D With one final hurdle to=
 come before the Merge is complete, developer Preston Van Loon <a href=3D"h=
ttps://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=
=3D32f30dec3d5541f2a7c82cfec06144ce&_e=3DmWsVv8sTITdFvdAvvQrd4hDpNrlpeIZAKg=
GDfRC7ct3gHTtvZZDVCcfZSnZ2qBBmf0OJ18ytt_RRReGfyFIkLtLtQRCXI3U0gp0QXO9dL3r5X=
k9t4dwF_kEtL9jgm4ZQ7ExXq7GMiD80ky_jJWTTwy91tQJ6UTRY1B_SbjSVC9_GdWwZIOE8Hj5Q=
4ZaPuM0e3TnxqgY_n4pe2WsmOL9ebdSxgTX5KAqI8RhyPAPR0UyDhjeVYsU81krHbUx91FWqEQs=
iKfuIaqyjU45uhvjaAjzrj4OzpJLPxDpdQ69ijTqP0oY28J_1SDb0dnYxJ_bJwh3w-9fGAVoEjy=
uHD_-DS9d_OWCUW3RiK0-1cvAOGftsoh9JN--A4lz21blVeYu-PM7cAeBIWfxw-4lqe8C3vqrrY=
TCoe4Z9IihoR21aTmYEA-CtG4boRUYK1rWIaQSikX3F74QnHLfuVaxxCopckrWeNvQrDIclmC09=
LkmMows%3D" target=3D"_blank" rel=3D"noopener noreferrer">said</a> that for=
 those working on the project, =E2=80=9Cwe're not sleeping much in part out=
 of excitement and in part out of a little bit of anxiety because it is suc=
h a big deal with so much at stake.=E2=80=9D<strong>&nbsp;</strong></li> <l=
i style=3D"margin: 0px; padding: 6px 0px;"><strong>What will happen to Ethe=
reum=E2=80=99s price as the Merge is completed? That=E2=80=99s anyone=E2=80=
=99s guess. </strong>Some traders are expecting it to push prices <a href=
=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e968971=
3&_m=3D32f30dec3d5541f2a7c82cfec06144ce&_e=3DmWsVv8sTITdFvdAvvQrd4nG0kPcJHf=
dqS71Xz012I60AKtqKztmE7-0n7hmbzIPummeEuVlQpgWRfHiiuoAvx0FAXCYHyRydd7XLfMpQA=
IMqRm0REJDRHAsVzG-9c2nXrPWM1K7nSR5j82KwJ5BmSNcuBE6D4I0KLhzTPsqW3UwCdJ_ZJv7m=
PGqJCSTiw13i8kt6jXUsKsFtTI6RGFYAsm1przaNvtR3o_z-uJjRmw_CsOYLJOPmB2QqujYWHPV=
h5LQXZf7OdTRRqfdn5A4x3PXI84CYl6s7jBPw3xeNAqgLdwLB59fVtbc7RlmavKo9LUyjGByEtd=
IZnWjONvvMwQcvYNpY5vNsw4MIS0PH8b6ELcF-eozQB3blrNVUcpiM__bhj_zVdtSrcgmCg37zU=
Q%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">higher</a>, while ot=
hers think it will do the <a href=3D"https://links.coinbase.com/u/click?_t=
=3D3aca56371967418192255878e9689713&_m=3D32f30dec3d5541f2a7c82cfec06144ce&_=
e=3DmWsVv8sTITdFvdAvvQrd4jQZYkrUHPO0Oy2ZTl7C_mPM2JWjtDssWd0qtz7XfLZ7dmqJ0cS=
ST7xiKhYN62sjJ-jJB3jYN-A5_SVXq0kMb3sDGRLsVbVcos-8C92pQopNTSTtBISunI01RmpoWf=
FBLZ5ZCxzJyprANXF6cZZeyAyxzCfjOhfLu0U48fhrZeIk0tF3KD73fx-33CWocph_7jewM6-73=
14wYxGU1BE5hUpSSPnT8fUZqVFwTPoNGAXJ0f6pPzj_64TOeitbhyOFLQradRiVqKDbnRt9ReOI=
Lx7OFflU8tR4fxIqT2XCrpgmNlRjGxj1Q6t3Uv7xEAydIkEC-cVylyPGl6V2_0XwR0wWlcgd_5r=
D4TQQlbVy3r2We6d5IMIrPxeQYoMaWy847tkaMp4ic07e4WtWvF9UOcI%3D" target=3D"_bla=
nk" rel=3D"noopener noreferrer">opposite</a>. (You can read Coinbase Instit=
utional Research=E2=80=99s examination of bull and bear cases <a href=3D"ht=
tps://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=
=3D32f30dec3d5541f2a7c82cfec06144ce&_e=3DmWsVv8sTITdFvdAvvQrd4t-9KD0qcINLPm=
Dml0usAodZaCQPmjlLPPnv5K8K6x5fcwIUAgFd1z6ya9hogXgxbe4McKOlKoMB7z1B-gGHEuXnq=
Avtd4LgwWxTeL6jx6khCMgGNZANEhYYj4i818Hybjo7L5IOR00GxYAn1gL5roGsWxC4tyXvhzNL=
IYXLO95sdiw5GsVF5rPDotebjOegrJi-YagPyyDRc1Wn-GQBHxj9JwCjM5vb8HDFppUR4czJ2p7=
ixpH6SAcOjdMvxrRaIvu1Vnk1ILqE_xYH6zfTCFsnb_n4G7mm9SMryidYZFcrq4XA18pfy34pvD=
KJN9JJU-z6gcHpkdtpFiVKDH1Ao4vu7DaovIh6brx0rv-V8pJN4fTcFpTUhHH78ovWo65APZ8LW=
y57gXjP2YCFlP-ox3ttZkNeQu8MelMqa3Cu_peh-aaakjJxNCsjjPXrlH9XhA%3D%3D" target=
=3D"_blank" rel=3D"noopener noreferrer">here</a>.) As a report from Citi <a=
 href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9=
689713&_m=3D32f30dec3d5541f2a7c82cfec06144ce&_e=3DmWsVv8sTITdFvdAvvQrd4lG0Z=
IWr2mM3g468yBLx2mNkf8tu9kfkhJHxeHlKXVMPv38kb-TDNVv_PNpixvXp-YR5WwWKlAnqynUx=
qfnkRqTSt5o9jW590uRtWh5RL2WYQO0biW-d8FpoeyhNDb-nGZwI8cwOo3CIYVdOjbW9WZFF7nZ=
landyvGwgCsEhlyX434sa93d5w3unYeZvgTIRg3a9zt5MCaO2GlNAp6ZjIc_uWDoHDXT8-IWGd6=
OTwAvXtlqryPiuCieAsm9dEhrzeMDsVyCZDb-AE1j4R2nG0bXhzuiRWMHAhFstUwIGDNVnshXhZ=
My91mSZFgwxSxQRjWUnzPYOmfQQy5H_lBot7VV5eLNKkrmK4_6e1bqTPMONPTtHB1T_HfFAxOsY=
LZ-nS_1A0mX4rfVYxyIkj6A53rPaAR45TeCN_PFW3lcInfcF" target=3D"_blank" rel=3D"=
noopener noreferrer">noted</a>, =E2=80=9Cit is hard to say how much of the =
Merge is priced in=E2=80=9D already. But as Matt Hougan, CIO of Bitwise Ass=
et Management, <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371=
967418192255878e9689713&_m=3D32f30dec3d5541f2a7c82cfec06144ce&_e=3DmWsVv8sT=
ITdFvdAvvQrd4hDpNrlpeIZAKgGDfRC7ct3gHTtvZZDVCcfZSnZ2qBBmf0OJ18ytt_RRReGfyFI=
kLtLtQRCXI3U0gp0QXO9dL3r5Xk9t4dwF_kEtL9jgm4ZQ7ExXq7GMiD80ky_jJWTTwy91tQJ6UT=
RY1B_SbjSVC9_GdWwZIOE8Hj5Q4ZaPuM0e3TnxqgY_n4pe2WsmOL9ebdSxgTX5KAqI8RhyPAPR0=
UyDhjeVYsU81krHbUx91FWqEQsiKfuIaqyjU45uhvjaAjzrj4OzpJLPxDpdQ69ijTrPYqhJklc-=
2SJxSbof5620u8tvmSYV_ngG6orJ7DLCsie64aTXqF7Mldb0KjtZCoHDypDamUAungOR44NUj15=
vakhKLOo6wQguoKEeib8FMlShL9fq30oXh5RrAu1IvkJhcUVoNjrDMv80EGMvLUHETYGsA-KI11=
uIY0BUOWiCmf5CjbbART-xlB8MhaJmnIA%3D" target=3D"_blank" rel=3D"noopener nor=
eferrer">told</a> Forbes, =E2=80=9CAnyone who's expecting the Merge to happ=
en on Sept. 15 and ETH price to double, I think, will be sorely disappointe=
d.=E2=80=9D</li> </ul> <p style=3D"margin: 0px; padding: 0px;"></p> <p styl=
e=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;"><stro=
ng>Why it matters=E2=80=A6 </strong>After months of adverse headlines about=
 inflation, the Fed=E2=80=99s rate hikes, and crypto winter price declines,=
 the reality that Ethereum=E2=80=99s long-awaited upgrade is here could inj=
ect some <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418=
192255878e9689713&_m=3D32f30dec3d5541f2a7c82cfec06144ce&_e=3DmWsVv8sTITdFvd=
AvvQrd4lG0ZIWr2mM3g468yBLx2mPMawzeZWNSBZA_YlEsnRlPPTjsgeBlmXEoqiI4-dc8TThAR=
Tcz-He3FkIHEJfm8ldLAeq4a_Vhh5vLoUOteWCeNkQlNxVMfF6k4nG96bry3Ob_rbDCYc-SEEbm=
8PpmzoaiP9FvMgMwsBSxh0vGCa73b934OY2DoxF1IBNxMBMCMpXdyPOBIbEHxWMa-kgo6EOJwSq=
BkIqGGzTNzPJE_mHq_Pu6VKArgj0d2Qg8iShAxTp7Q6s45Hd7djfNb-GmJ2S5r1TaiWd5_tQnON=
kQZ3EcWAQXW25TgXTM4xtbFyA1UWT1l1rxxuHZAO1EVVsLchQ6A8mMDaTGSGTCHAqr4U4SUwuwK=
2aUFjGt8C-paObTXf5dPm0LYCgAd2fWns2bOK0%3D" target=3D"_blank" rel=3D"noopene=
r noreferrer">much-needed optimism</a> into the market. One of the primary =
reasons for this renewed confidence? As one commentator <a href=3D"https://=
links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D32f30=
dec3d5541f2a7c82cfec06144ce&_e=3DmWsVv8sTITdFvdAvvQrd4lG0ZIWr2mM3g468yBLx2m=
NBMLOuwyTapfLIZCPwbCYMm80gbvHF7lbh2tbS-Nk-BS65gWNO6gVp0q3r8zfd9wRIIvMr0KD8P=
IqS3XqikRT75tBmMxq-Wb3rBrTnyxfymecLIlu9Wil31YuMF9JImV5V8FdcFJbiq0MlxoUjF0fu=
UIuNrRGnsv7MpXbaCG2KVOXX-rJXejYC5QZeIxpuABattso3fpOspyYERCb1209186_YaMafRux=
PJm1bVkKsJYyE8YqnVyx6RHY1LJWRwRxBWxHQxTCPS-QZKRNWrDi44W7Mr89zVEnS2EsaOqs9gg=
TY-kK45X0xrbMcQDfJhwmxxcVyYXUYFqzQSwUeKiT55g4UIFo83PIT-pBFzP3ou9SljujXAKIUX=
89qZK1loJnG0dwiIxkTmMwTwH9F_IM3" target=3D"_blank" rel=3D"noopener noreferr=
er">put it</a>, Ethereum=E2=80=99s transition =E2=80=9Cwill prove that a de=
centralized and permissionless network can operate in an energy-efficient m=
anner.=E2=80=9D</p> <div class=3D"cta_button" style=3D"margin: 24px 0px 0px=
; padding: 0px; width: 50%;"><!--[if mso]><table width=3D"100%" cellpadding=
=3D"0" cellspacing=3D"0" border=3D"0" style=3D"border-spacing:0;border-coll=
apse:collapse;mso-table-lspace:0pt;mso-table-rspace:0pt;"><tr><td style=3D"=
padding:0;" align=3D"left"> <v:roundrect xmlns:v=3D"urn:schemas-microsoft-c=
om:vml" xmlns:w=3D"urn:schemas-microsoft-com:office:word" href=3D"https://l=
inks.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D32f30d=
ec3d5541f2a7c82cfec06144ce&_e=3DmWsVv8sTITdFvdAvvQrd4t-9KD0qcINLPmDml0usAod=
ZaCQPmjlLPPnv5K8K6x5fcwIUAgFd1z6ya9hogXgxbe4McKOlKoMB7z1B-gGHEuXnqAvtd4LgwW=
xTeL6jx6khCMgGNZANEhYYj4i818Hybjo7L5IOR00GxYAn1gL5roFcMVraVsjXE0xRN5Xkduu-E=
k32pm1VQorRE7knuN5zvsgF7tc_qI8fKFX_CwPbYsYlQeug1zwH_gmU_Mdea5LZRS_mv-79sXoc=
fZNRmsjCobePDzYLKMpQGrxOF3fS4cnFE-w4CMUbsFPDpS22az7oab6HtyEo9DUrdteRnE_hyfa=
74sBEflXTO8OMCLVmZKy2E1SkVDy3_HS5QtkMfaoNM-wgSj_oaw6vdDHO6KjBLwzcXGOH1TRdf2=
wUlUxE6RfsZiq4yTr-_aWKaWBNJpi2Mghc5ct3xE4dGW9ZZWm4qQ5YTya2NIsUFEoLWF8Cgps%3=
D" style=3D"width:350pt;v-text-anchor:middle;" arcsize=3D"17%" stroke=3D"fa=
lse" fillcolor=3D"#0052ff"> <w:anchorlock/><v:textbox inset=3D"0,0,0,0"><ce=
nter style=3D"font-family: Helvetica Neue, Helvetica, Arial, sans-serif;"><=
![endif]--><a href=3D"https://links.coinbase.com/a/click?_t=3D3aca563719674=
18192255878e9689713&_m=3D32f30dec3d5541f2a7c82cfec06144ce&_e=3DmWsVv8sTITdF=
vdAvvQrd4t-9KD0qcINLPmDml0usAodZaCQPmjlLPPnv5K8K6x5fcwIUAgFd1z6ya9hogXgxbe4=
McKOlKoMB7z1B-gGHEuXnqAvtd4LgwWxTeL6jx6khCMgGNZANEhYYj4i818Hybjo7L5IOR00GxY=
An1gL5roFcMVraVsjXE0xRN5Xkduu-Ek32pm1VQorRE7knuN5zvsgF7tc_qI8fKFX_CwPbYsYlQ=
eug1zwH_gmU_Mdea5LZRS_mv-79sXocfZNRmsjCobePDzYLKMpQGrxOF3fS4cnFE-w4CMUbsFPD=
pS22az7ol2cQjmCQttHKR9nt5-13QBbYLCBZ1E6qWIioTThxBuiVQWBUT54AhlPsp24ANZ0cWuI=
vKvRtd7thDtgDxl2vd1ycvpcbGyd_s6yBqtxY7Uj3OEMupzxADc8VuInI1J3CjIbwXeSB9HhOW9=
PjTDlVxX54z1_opAmI-RSC3izGmOU%3D" target=3D"_blank" rel=3D"noopener norefer=
rer" style=3D"display: block; margin: 0px; line-height: 1.2; font-size: 16p=
x; text-decoration: none; color: rgb(255, 255, 255); background-color: rgb(=
0, 82, 255); border-radius: 30px; text-align: center; padding: 18px 0px;"><=
strong>More on the Merge and investing</strong></a><!--[if mso]></center></=
v:textbox></v:roundrect></td></tr></table><![endif]--></div> <table width=
=3D"100%" role=3D"presentation" valign=3D"top" style=3D"table-layout: fixed=
; vertical-align: top; border-spacing: 0px; border-collapse: collapse; min-=
width: 100%; text-size-adjust: 100%;"> <tbody> <tr style=3D"vertical-align:=
 top;"> <td valign=3D"top" style=3D"word-break: break-word; vertical-align:=
 top; min-width: 100%; text-size-adjust: 100%; padding: 48px 0px;"><table b=
order=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"100%" align=3D"cen=
ter" role=3D"presentation" valign=3D"top" style=3D"table-layout: fixed; ver=
tical-align: top; border-spacing: 0px; border-collapse: collapse; border-to=
p: 2px solid rgb(222, 224, 226); width: 100%;"> <tbody> <tr style=3D"vertic=
al-align: top;"> <td valign=3D"top" style=3D"word-break: break-word; vertic=
al-align: top; text-size-adjust: 100%;"><span></span></td> </tr> </tbody> <=
/table></td> </tr> </tbody> </table> <div> <table style=3D"margin: 0px; pad=
ding: 0px;"> <tbody> <tr> <td style=3D"margin: 0px; padding-right: 11px; ve=
rtical-align: middle;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/pu=
blic/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418=
192255878e9689713/dot-1.5x.png" width=3D"12" height=3D"12" style=3D"display=
: block; width: 12px; height: 12px;"></td> <td style=3D"margin: 0px; paddin=
g: 0px; vertical-align: middle;"><p style=3D"margin: 0px; font-size: 16px; =
letter-spacing: 0.075em;"><strong> ETH FAQ </strong></p></td> </tr> </tbody=
> </table> <p style=3D"margin: 5px 0px 0px; font-size: 32px; line-height: 1=
.26; word-break: break-word;"><strong>Five key Ethereum Merge questions, an=
swered</strong></p> </div> <p style=3D"margin: 16px 0px 0px; line-height: 1=
.6; word-break: break-word;">Still trying to wrap your head around the Merg=
e? We=E2=80=99ve got you covered. Below we=E2=80=99re answering the most co=
mmon questions about the Merge, from what it is to why it matters. Let=E2=
=80=99s dive in.</p> <!--[if mso]><ul style=3D"line-height:1.6;mso-line-hei=
ght-alt:26px;"><![endif]--><!--[if !mso]><!-- --><ul style=3D"margin: 10px =
0px 0px; padding-left: 24px; line-height: 1.6;"><!--<![endif]--> <li style=
=3D"margin: 0px; padding: 6px 0px;"><strong>What is the Merge? </strong>The=
 Merge upgrade will see the Ethereum blockchain move from its current, ener=
gy-intensive "Proof-of-Work" system to a "Proof-of-Stake" system. (<a href=
=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e968971=
3&_m=3D32f30dec3d5541f2a7c82cfec06144ce&_e=3DmWsVv8sTITdFvdAvvQrd4t-9KD0qcI=
NLPmDml0usAodGc__wv95zZCd1_pim4aeRkBhqDrndobmNUHZdQ4Ha8bNFWBADBl34ZE4CFAkpE=
LB6_lCA_fvHng87f0U39Rox8BGq3huMRA_QsbPSsEV_HKGpRPvpNlVNzPZ5ZsKH86kkGxWgKZQ-=
0WVdhQNiQIQbmld1SQRz-ia2phn09DIioQbNls3t2LO9G_Ay4MH5ULekXzNRWZ3Rd8gJ1Q3Musx=
rXcMzoehWdie0sbXurQ8NnxSCp9OmQhfdx0DUeV-EEeiHDuVPP6aF_d4CHUHnnmHGz7T-lV2fGA=
-x03Ub7k47cm24mDdjiQIk04h2wk-_beCdNEVo6Au51AlL8Z4GFKlYlDVKQpfqY4qZWUnlcsq7s=
A%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">Read more about the =
differences between PoW and PoS systems</a>.)&nbsp;</li> <li style=3D"margi=
n: 0px; padding: 6px 0px;"><strong>What exactly is being merged? </strong>E=
thereum=E2=80=99s upgrade will combine the current Proof-of-Work blockchain=
 with a Proof-of-Stake blockchain called the Beacon Chain, which has been r=
unning since 2020. After the Merge, the Beacon Chain will begin validating =
Ethereum mainnet's blockchain through a system based on rewards and penalti=
es (i.e. "stake") rather than the costs associated with energy-intensive co=
mputations (i.e. "work").</li> <li style=3D"margin: 0px; padding: 6px 0px;"=
><strong>Why is it so important? </strong>The biggest protocol upgrade in t=
he history of crypto will see the second-largest cryptocurrency=E2=80=99s n=
etwork move toward being vastly more energy efficient, potentially reducing=
 its consumption by as much as 99%. The Merge will also allow for the build=
ing of more efficient scaling solutions =E2=80=94 Ethereum=E2=80=99s smart-=
contract compatible blockchain powers everything from DeFi to Bored Ape Yac=
ht Club, but the tsunami of resulting traffic has bogged down the network.<=
/li> <li style=3D"margin: 0px; padding: 6px 0px;"><strong>Will the Merge re=
duce Ethereum=E2=80=99s gas fees? </strong>In the short-term, probably not,=
 as the upgrade is about a change in the consensus mechanism (the way Ether=
eum validates transactions) rather than an increase or expansion of its cap=
acity.&nbsp;</li> <li style=3D"margin: 0px; padding: 6px 0px;"><strong>What=
 comes after the Merge? </strong>In July, Ethereum co-founder Vitalik Buter=
in laid out a series of upgrades that will follow the Merge. First up is wh=
at he referred to as =E2=80=9Cthe surge,=E2=80=9D which will increase scala=
bility and enable faster, cheaper transactions via a process called =E2=80=
=9Csharding,=E2=80=9D which essentially divides large pieces of data into s=
maller shards, making it even easier for layer-2 blockchains (like Polygon)=
 to operate more efficiently on top of the main Ethereum blockchain. (Read =
our explainer of the other upgrades <a href=3D"https://links.coinbase.com/a=
/click?_t=3D3aca56371967418192255878e9689713&_m=3D32f30dec3d5541f2a7c82cfec=
06144ce&_e=3DmWsVv8sTITdFvdAvvQrd4t-9KD0qcINLPmDml0usAodI_cgX1KksXr15EuUaDI=
8E_l_atF6BeZweAGLTqUMod-gfjdpBO7Kces7myq8JpjbwHQDmZLXARQF_qoqXWZvLeNRoDbvQe=
ror8N5qkvGwepcuxaFbZLaWlSw7WYQ9e7wPHAeGAlpIaaTvIJAl1g-BJB3HIkgI8TxR1CADZtik=
sa8NuX2_h_rrMkCU4UvPBxMzj0y4dJ07q-9i3SpCYH-OFo3JVzyF2EOwP4RzhNCUD2I7TuP1AgH=
_9m2Tvt1ZQ2fyh8_FuPRNcm4tn0YP9qDwPH8odDNyhWF7Df1fzJorHu1u0stRS5DL6N0ByVkrWO=
KjAjUau-TeKlTsCLLvEFKu" target=3D"_blank" rel=3D"noopener noreferrer">here<=
/a>.)</li> </ul> <p style=3D"margin: 0px; padding: 0px;"></p> <div class=3D=
"cta_button" style=3D"margin: 24px 0px 0px; padding: 0px; width: 50%;"><!--=
[if mso]><table width=3D"100%" cellpadding=3D"0" cellspacing=3D"0" border=
=3D"0" style=3D"border-spacing:0;border-collapse:collapse;mso-table-lspace:=
0pt;mso-table-rspace:0pt;"><tr><td style=3D"padding:0;" align=3D"left"> <v:=
roundrect xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=3D"urn:schemas-=
microsoft-com:office:word" href=3D"https://links.coinbase.com/a/click?_t=3D=
3aca56371967418192255878e9689713&_m=3D32f30dec3d5541f2a7c82cfec06144ce&_e=
=3DmWsVv8sTITdFvdAvvQrd4t-9KD0qcINLPmDml0usAoe5mU1HEudkhtYmojsJg3bxVtRCjM5c=
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oikYj13nrP2uOKKyY4gxdzMJydX-2vyYilhwDvcEinOXNYl0ZBcfVyAVvFX2sCfgAk%3D" styl=
e=3D"width:350pt;v-text-anchor:middle;" arcsize=3D"17%" stroke=3D"false" fi=
llcolor=3D"#0052ff"> <w:anchorlock/><v:textbox inset=3D"0,0,0,0"><center st=
yle=3D"font-family: Helvetica Neue, Helvetica, Arial, sans-serif;"><![endif=
]--><a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196741819225=
5878e9689713&_m=3D32f30dec3d5541f2a7c82cfec06144ce&_e=3DmWsVv8sTITdFvdAvvQr=
d4t-9KD0qcINLPmDml0usAoe5mU1HEudkhtYmojsJg3bxVtRCjM5cuXwev8dsA5cZYByTKD83pz=
53CX9aCQqLUkr3Q96nB9dS9VWpQYxbZE1YDlAoy9SIQsKYsjNZXZV2LiyxFVMo3qifhhRBU6BJm=
GnJX-ED_ZGU7A6gLGC-AlRnO_MMYoFCn8jLCwvbhSEXXSKqUQAcyRalTd8Qv6B03QoJkiuRw0IG=
Y3_KQajcELmgYF3toN4G33YZ9eVyUHQUI3zgW9i4_Twf8DHpmQ_X49XpzNLw5uLSr2ZlqrM4sl6=
r5QBlOgRfqO_XiQndtGD7cjPuSI2EShnxOFeXJargT3E%3D" target=3D"_blank" rel=3D"n=
oopener noreferrer" style=3D"display: block; margin: 0px; line-height: 1.2;=
 font-size: 16px; text-decoration: none; color: rgb(255, 255, 255); backgro=
und-color: rgb(0, 82, 255); border-radius: 30px; text-align: center; paddin=
g: 18px 0px;"><strong>Our full guide to the Merge</strong></a><!--[if mso]>=
</center></v:textbox></v:roundrect></td></tr></table><![endif]--></div> <a =
href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e96=
89713&_m=3D32f30dec3d5541f2a7c82cfec06144ce&_e=3DKIyiOoVRXiCX8xHM_NzBtSSIvD=
bprsAVOy9y4IkZTcN1OQ1z4ouwX-jljTMZwBhuweQmJcBiegco8c-l3c7BLK1L-eVKOPeSELo4N=
h4zDDFcrLYVWYyy9EW969a3hXX7zyZBxREeGlfd9WZhljnV3dewwFwQiJulcbidXcqyChmYRTXF=
8pJISdwG5KDbW79Q8HALt0spj5TQ4SwSLdsmJHS2HZZS0dGI-LBM9OWIwMa9Y_doUJbspTHYCzh=
ch6c75bT_P3ddteBGPRQVBuxSlTpaPb2q3gGTyMMyExlpsgEvHPF43EIeRqWfdqdzZm2_YRdywZ=
04poSa0Mcm8wIicTDwr9LlscIIVj778hSc5WE%3D" target=3D"_blank" rel=3D"noopener=
 noreferrer"><!--[if !mso]><!-- --><div class=3D"desktop_hide" style=3D"dis=
play: none; max-height: 0px; overflow: hidden;"><img src=3D"https://images.=
ctfassets.net/q5ulk4bp65r7/4teCjcLjem1niYca1gZAL2/7d35fb7498879e1bbb5eb8ec8=
946e948/coinbase_bytes_recurringbuys_650x360px.jpg" width=3D"100%" style=3D=
"display: block; width: 100%; margin: 64px 0px;"></div><!--<![endif]--> <di=
v class=3D"mobile_hide"><img src=3D"https://images.ctfassets.net/q5ulk4bp65=
r7/5VsknV0vDAHtkTR76kCkdB/005d7f399fa55e57d50380f5ab05855d/coinbase_bytes_r=
ecurringbuys_1060x408px.jpg" width=3D"100%" style=3D"display: block; width:=
 100%; margin: 64px 0px;"></div> </a> <div> <table style=3D"margin: 0px; pa=
dding: 0px;"> <tbody> <tr> <td style=3D"margin: 0px; padding-right: 11px; v=
ertical-align: middle;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/p=
ublic/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5637196741=
8192255878e9689713/dot-1.5x.png" width=3D"12" height=3D"12" style=3D"displa=
y: block; width: 12px; height: 12px;"></td> <td style=3D"margin: 0px; paddi=
ng: 0px; vertical-align: middle;"><p style=3D"margin: 0px; font-size: 16px;=
 letter-spacing: 0.075em;"><strong> AROUND COINBASE </strong></p></td> </tr=
> </tbody> </table> <p style=3D"margin: 5px 0px 0px; font-size: 32px; line-=
height: 1.26; word-break: break-word;"><strong>A rundown of Merge resources=
</strong></p> </div> <!--[if mso]><ul style=3D"line-height:1.6;mso-line-hei=
ght-alt:26px;"><![endif]--><!--[if !mso]><!-- --><ul style=3D"margin: 10px =
0px 0px; padding-left: 24px; line-height: 1.6;"><!--<![endif]--> <li style=
=3D"margin: 0px; padding: 6px 0px;">Our <a href=3D"https://links.coinbase.c=
om/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D32f30dec3d5541f2a7c82=
cfec06144ce&_e=3DmWsVv8sTITdFvdAvvQrd4t-9KD0qcINLPmDml0usAoe5mU1HEudkhtYmoj=
sJg3bxzNF5pWOjuIvmOsvcGDKLs_FSs-6v5chVZIy9m9YoVKuk82ULqlRlcJhXQipLXXEYxGgf4=
TOs3q8ING43r3v2O2EA3_9CFwnpSEik__gdMihfjttRWQn8h13Rgn2o4WHMAytzKNlPXKsgW9Ca=
M3be0i08WXnZ8bVSxLvmvxvV0FzaLq6oyYyu6cbWOt2vSgO58t1EISfpZBN9GuPxeUltNNjuVjw=
pegE548Gnrv69zMozkCeKa55xaIdnDxXN5Edaqn-q--orcxpdrCAnr0RUrg%3D%3D" target=
=3D"_blank" rel=3D"noopener noreferrer">guide</a> to all things Merge, comp=
lete with a countdown clock!</li> <li style=3D"margin: 0px; padding: 6px 0p=
x;">Here=E2=80=99s a <a href=3D"https://links.coinbase.com/u/click?_t=3D3ac=
a56371967418192255878e9689713&_m=3D32f30dec3d5541f2a7c82cfec06144ce&_e=3DmW=
sVv8sTITdFvdAvvQrd4u41DkRHA5-21SdxGE1IeboGGAA1m8sZV4dksk7vowbSaUGlMXe-GFKjE=
xqhV-pEK2Gqx2Q26mApprgZSjyGn1eUkaQICVJ1g8xLvpC6GAW_gC25sDtT_Gqk5sqe6-PMJzbG=
hpQwTVxbhHT_RDKRhejoB7biWoVktI4XL2FJX8SDG4W6DL7Udb2mwZcXxtuzDSbrXmfla6f921W=
W4l7M3JzxbU61npNgHpkV6t7np6eKeCLtlZ2bxnJMqnsh_13YYtEu-jiXZzMs7LmDEbEWnR4fgc=
1GTHG9FbaPFhRfowyVv_hX0UmD6xe8RxJ-lZAHgtUUZ1cf-EpOyPw50X8zfkLMo7JFgZXrJdPQ4=
u4NrBkm_2Ov9QjA--rCTJQA7sTQedlYwlMop2HvZB1NPQbtfZQ%3D" target=3D"_blank" re=
l=3D"noopener noreferrer">post</a> from our blog on what users can expect f=
rom Coinbase in response to the Merge.&nbsp;</li> <li style=3D"margin: 0px;=
 padding: 6px 0px;">Coinbase Head of Institutional Research David Duong <a =
href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e96=
89713&_m=3D32f30dec3d5541f2a7c82cfec06144ce&_e=3DmWsVv8sTITdFvdAvvQrd4t-9KD=
0qcINLPmDml0usAodZaCQPmjlLPPnv5K8K6x5fcwIUAgFd1z6ya9hogXgxbe4McKOlKoMB7z1B-=
gGHEuXnqAvtd4LgwWxTeL6jx6khCMgGNZANEhYYj4i818Hybjo7L5IOR00GxYAn1gL5roGsWxC4=
tyXvhzNLIYXLO95sdiw5GsVF5rPDotebjOegrJi-YagPyyDRc1Wn-GQBHxj9JwCjM5vb8HDFppU=
R4czJ2p7ixpH6SAcOjdMvxrRaItqwbJfe2ToV4NnA9iZKY29xX5Gnub1m_EZJWJIfxBZjAVgIOC=
xIJG4iKjvNobJPxCwzKApqHlZHQIVpinHW-8APxj58Ubq9rLLOw05ndI_ExwNtiM7Vphx9eNPqg=
am0PzehO6WBtE1Sw28mm4AljZ5m4EtQW8-Abh5g0Llg7PLKJDxqepa_QkMi8qO54BlmjA%3D%3D=
" target=3D"_blank" rel=3D"noopener noreferrer">unpacks</a> the bull and be=
ar investing cases for Ethereum related to the Merge along with some miscon=
ceptions surrounding what this upgrade means to the network and its users.<=
/li> <li style=3D"margin: 0px; padding: 6px 0px;">Coinbase software enginee=
r Yuga Cohler <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563719=
67418192255878e9689713&_m=3D32f30dec3d5541f2a7c82cfec06144ce&_e=3DmWsVv8sTI=
TdFvdAvvQrd4u41DkRHA5-21SdxGE1IeboQ4xi5DQJKBqv9OmWBt4t4sUd2eB34oomYYJwrFL1T=
c-iCCb2hycsD04Wyepm0hBPHweHxowdjsqjdBd2BkDIeLwStCohpYEkugx4lsSlR_mR25zu3Nxc=
REiIHhoeA4Ih8Rn9djeXaiWxfqCpLq5mYA0Gonuus0oigkNveEJae02svEh8oXGooguWKes3rDP=
Mto3YeW9PTkcG5cOU8LQAZ1cZcsrP-Q30vEI4h4EEu7jGHmZocXSEZSjtGW-cftcrH_uOGljHNc=
YTeodTh6jWCb5PchvdTzrQ6NZF_D6IGjCqDxkDqvCh622YFgG5FfVbIhxJbqNFLE6-LVncBH8lT=
" target=3D"_blank" rel=3D"noopener noreferrer">explains</a> why accomplish=
ing the Merge will =E2=80=9Cprove the viability of decentralization as a so=
cial organizing principle.=E2=80=9D</li> <li style=3D"margin: 0px; padding:=
 6px 0px;">ICYMI last week, <a href=3D"https://links.coinbase.com/u/click?_=
t=3D3aca56371967418192255878e9689713&_m=3D32f30dec3d5541f2a7c82cfec06144ce&=
_e=3DmWsVv8sTITdFvdAvvQrd4j5HA_d1NlD2Q3KHkwUj7eCngMmMHp9F7UWGSwAOy6vq-ACvz-=
IC_hYt2nZssT7adJUdT2xnTbwlEOy1dmGHbn1x8b04gsY7euXGM1G3Ng2Ix8yMMkjfPWCWU-YAZ=
Jzt0EGnsM1mn_CAIZKBOOT9VAXqdCRBkZf7KSQpgrHhkair_G_HfdAE3xNh3dZL6G48SRE4JTX_=
Ts0uL7Nw7cvBcG8NF7-vXIr1tnnjd3BSegq4RcFyEDNEeqqeqXzLkKrACimFE75bBpswhLxRnWj=
Iit6JuWI9LNbJcIfvZqoHobi25o3pi5HTTN1n9RVDZf24Iw%3D%3D" target=3D"_blank" re=
l=3D"noopener noreferrer">listen</a> to Coinbase CEO Brian Armstrong and Et=
hereum co-creator Vitalik Buterin discuss the Merge, Proof-of-Stake, decent=
ralization and much more on our Around the Block podcast. </li> </ul> <p st=
yle=3D"margin: 0px; padding: 0px;"></p> <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> TOKEN TRIVIA </strong></p></td> </tr> </tbody> </table> <p styl=
e=3D"margin: 5px 0px 0px; font-size: 32px; line-height: 1.26; word-break: b=
reak-word;"><strong>Which of the following is not a planned Ethereum upgrad=
e?</strong></p> </div> <div style=3D"margin-top: 16px;"> <table style=3D"li=
ne-height: 1.6; word-break: break-word;"> <tbody> <tr> <td style=3D"padding=
-right: 12px;"><strong>A</strong></td> <td>The Verge</td> </tr> <tr> <td st=
yle=3D"padding-right: 12px; padding-top: 12px;"><strong>B</strong></td> <td=
 style=3D"padding-top: 12px;">The Scourge</td> </tr> <tr> <td style=3D"padd=
ing-right: 12px; padding-top: 12px;"><strong>C</strong></td> <td style=3D"p=
adding-top: 12px;">The Purge</td> </tr> <tr> <td style=3D"padding-right: 12=
px; padding-top: 12px;"><strong>D</strong></td> <td style=3D"padding-top: 1=
2px;">The Splurge</td> </tr> </tbody> </table> </div> <p style=3D"margin: 1=
6px 0px 0px; line-height: 1.6; word-break: break-word;">Find the answer at =
the end of the email.</p> <div class=3D"cta_button" style=3D"margin: 24px 0=
px 0px; padding: 0px; width: 50%;"><!--[if mso]><table width=3D"100%" cellp=
adding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"border-spacing:0;borde=
r-collapse:collapse;mso-table-lspace:0pt;mso-table-rspace:0pt;"><tr><td sty=
le=3D"padding:0;" align=3D"left"> <v:roundrect xmlns:v=3D"urn:schemas-micro=
soft-com:vml" xmlns:w=3D"urn:schemas-microsoft-com:office:word" href=3D"htt=
ps://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D=
32f30dec3d5541f2a7c82cfec06144ce&_e=3DmWsVv8sTITdFvdAvvQrd4t-9KD0qcINLPmDml=
0usAodI_cgX1KksXr15EuUaDI8E_l_atF6BeZweAGLTqUModws72q-807DPuxaR6JhBCmZ5xtW3=
-WE-E3T7GPkczJbr0j2XDvUAq3s5n5-1BQda6-etuG3Zw1WklqNSJUSecpWeHYs0hXL0QHTHFYu=
awO6J98_BOM_2pvKs8wQZtVoebQAmfUZVJDNqlBpNjCX27kN8gKjx0Ixr-op405ib1Bq9apsrGq=
ExHP69yPBtmEf1kIPAnDLTBwA3SAKnIzExardhnIuhJOlnUhcUz-eTMM33d6Q06sO4nWzLIKibm=
fX26mg0PegCCEi3yVXlW0DBQ9aR6wWOz-6dmq6Wex5HYfUozsWOmh6ZcwTUUxIAnH8wNw%3D%3D=
" style=3D"width:350pt;v-text-anchor:middle;" arcsize=3D"17%" stroke=3D"fal=
se" fillcolor=3D"#0052ff"> <w:anchorlock/><v:textbox inset=3D"0,0,0,0"><cen=
ter style=3D"font-family: Helvetica Neue, Helvetica, Arial, sans-serif;"><!=
[endif]--><a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196741=
8192255878e9689713&_m=3D32f30dec3d5541f2a7c82cfec06144ce&_e=3DmWsVv8sTITdFv=
dAvvQrd4t-9KD0qcINLPmDml0usAodI_cgX1KksXr15EuUaDI8E_l_atF6BeZweAGLTqUModws7=
2q-807DPuxaR6JhBCmZ5xtW3-WE-E3T7GPkczJbr0j2XDvUAq3s5n5-1BQda6-etuG3Zw1WklqN=
SJUSecpWeHYs0hXL0QHTHFYuawO6J98_BOM_2pvKs8wQZtVoebWDSh0yhmKr_K87zG6Y673jY5s=
TgmQEu9D3hp1GJdHBbLPKqzJUr8FToE4FqQL988PQCNUzCTa-yISTh_xBtwjslo0rB4IyKUf76_=
w1-bOoIKle04HVIVhX7tSAUOD4zX8lnLR2eBvMGZSFh6C0F-ZKsfAAt3zqCc6CwzghnDbOlzAz4=
a_DjVEIup01ugZ0BYg%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer" sty=
le=3D"display: block; margin: 0px; line-height: 1.2; font-size: 16px; text-=
decoration: none; color: rgb(255, 255, 255); background-color: rgb(0, 82, 2=
55); border-radius: 30px; text-align: center; padding: 18px 0px;"><strong>E=
xplore Ethereum's next upgrades</strong></a><!--[if mso]></center></v:textb=
ox></v:roundrect></td></tr></table><![endif]--></div> <table width=3D"100%"=
 role=3D"presentation" valign=3D"top" style=3D"table-layout: fixed; vertica=
l-align: top; border-spacing: 0px; border-collapse: collapse; min-width: 10=
0%; 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: fixed; vertical-ali=
gn: top; border-spacing: 0px; border-collapse: collapse; border-top: 2px so=
lid rgb(222, 224, 226); width: 100%;"> <tbody> <tr style=3D"vertical-align:=
 top;"> <td valign=3D"top" style=3D"word-break: break-word; vertical-align:=
 top; text-size-adjust: 100%;"><span></span></td> </tr> </tbody> </table></=
td> </tr> </tbody> </table> <div> <table style=3D"margin: 0px; padding: 0px=
;"> <tbody> <tr> <td style=3D"margin: 0px; padding-right: 11px; vertical-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> NOW TRADING ON COINBASE </strong></p></td> </tr> =
</tbody> </table> </div> <a href=3D"https://links.coinbase.com/a/click?_t=
=3D3aca56371967418192255878e9689713&_m=3D32f30dec3d5541f2a7c82cfec06144ce&_=
e=3DmWsVv8sTITdFvdAvvQrd4t-9KD0qcINLPmDml0usAodIqqFHPPATq9SQGX_BS4fZEFX88c2=
CxRb99bXYaYNZIZNBwvYD6e4VUDxwNHv_hjLLU6kAlyXGtoIR_RKf7wkee5pFhNczx70PTHlAEM=
1F4tG886cySs83dklsgON-1V_dNxxwCP-M7pqsFtPZXrrCsbm5Q5vItFBOg1W61C8A-rgYUGS5M=
wk24dPzeJHHJdTES3UefxuPgVDg5lglEkEJMgMHDQaPw9K6N8PMY1n0sMoyJ_WsNrPVpAk4WqxZ=
ZDL4xakm8tQ1NlyZH9FhL8fjYOltqh-LaXw7Bq64xyieyBqmyDiOLrQD0Cj2d3-JWocofEWEDqt=
BbqnhJv6N__yA" target=3D"_blank" rel=3D"noopener noreferrer" style=3D"color=
: rgb(10, 11, 13); text-decoration: none;"> <table style=3D"margin: 16px 0p=
x 0px; width: 100%;"> <tbody> <tr> <td style=3D"font-size: 32px; line-heigh=
t: 1.26; word-break: break-word; vertical-align: middle; white-space: nowra=
p;"><strong>NEAR</strong></td> <td style=3D"vertical-align: middle; padding=
-left: 12px;"><img src=3D"https://dynamic-assets.coinbase.com/5ea79a9a39313=
18ea33126c7a8a0ff557dcfee5162010e148c271484810b3f512ca99f04d0f0d33c4dd857ef=
b036edd1b7f6f5f3d8f9a977f513a8b3a3a3af64/asset_icons/59d6d2f03f379903976561=
33cf91c9397017f69652e0232f3f3b8850d18367cb.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/Integrato=
rs/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/Ne=
wsletter%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;">NEAR is the native t=
oken of the NEAR Protocol, a highly scalable blockchain network that provid=
es a developer-friendly, decentralized application platform. </p> </a><a hr=
ef=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689=
713&_m=3D32f30dec3d5541f2a7c82cfec06144ce&_e=3DmWsVv8sTITdFvdAvvQrd4t-9KD0q=
cINLPmDml0usAoeJgzXho6k327Ms7xThNzjPqxmW8QbqBBbYvd_eKHib7GifywYcmuZey3uAQWn=
FyUCY_s5QIHcAppfWaYB6vwK9rhR8ZAKWEO7JV1SAFq_4FCjrBxP4Qp2eO8jPLk09fYymONXAy1=
BrsHez9DoJxNY1Nixw-CmhCD0OyBZRO-h9qVqHdR7dUJySoK0ikfWd_PHWSdmcEE4kLnuZjc_qG=
5LLfarghz_CD41bX1k6VRxMmIG0KT8FfAiD4jgGRSbPvzUsf3YB87SXvyVSL1VXva7nvsZY9xL3=
Oj4KkFkoA0mRQT7SrNt21PbdhTjP-_rbfEY%3D" target=3D"_blank" rel=3D"noopener n=
oreferrer" style=3D"color: rgb(10, 11, 13); text-decoration: none;"> <table=
 style=3D"margin: 16px 0px 0px; width: 100%;"> <tbody> <tr> <td style=3D"fo=
nt-size: 32px; line-height: 1.26; word-break: break-word; vertical-align: m=
iddle; white-space: nowrap;"><strong>MXC</strong></td> <td style=3D"vertica=
l-align: middle; padding-left: 12px;"><img src=3D"https://dynamic-assets.co=
inbase.com/08f77b58316742f5cd63d17b6b2626272647d5aac296ed094c540210b955e506=
99f9228df1f0c535d024eaa5f9d55dadee65d8d9c17201f5f60e0d57e50dc238/asset_icon=
s/1ea16e3257d1a244cf8f822cd5ebfc3dc331858a176fc610dd4920222b431783.png" wid=
th=3D"26" height=3D"26" style=3D"display: block; width: 26px; height: 26px;=
 vertical-align: middle;"></td> <td style=3D"vertical-align: middle; text-a=
lign: right; width: 100%;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.ne=
t/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5637196=
7418192255878e9689713/Newsletter%20Assets/newlistings_light.png" width=3D"2=
1" 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;=
">MXC is the ERC-20 utility token of the MXProtocol, a decentralized data n=
etwork which utilizes low-power wide area network technology. </p> </a><a h=
ref=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e968=
9713&_m=3D32f30dec3d5541f2a7c82cfec06144ce&_e=3DmWsVv8sTITdFvdAvvQrd4t-9KD0=
qcINLPmDml0usAoesfil4BQZaHToAK21XPlqt5dX_Z91XVGVfldgV8TZwZ4V9EACpYriYS31XCA=
3sxTLRw1xVY48ZrP3xArlnJlUPKG-hH7VRn8eRTbwUkKSW5GpO9CBbA1gzsVvn4so5cKV3OAq41=
jOVNbQ4_KMzduepfZCQl3mqydJF-5LkPQIzTIaXE2_auGHTEnR_7xyXzV8aT9gbmGaru-y1gB47=
bM_8G9N0mE_wTj6_GzYOlpKRhi_FLH2RGgozRfhBesuMy-behP6zsUzjlyqasnAKhgtQzKsZ9Av=
Xw3QPerqTY8fEE2DWh9Ff8JTIivIrIiLIt2lZzUvuGpLthBhoVyPRr8d8" target=3D"_blank=
" rel=3D"noopener noreferrer" style=3D"color: rgb(10, 11, 13); text-decorat=
ion: none;"> <table style=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: middle; white-space: nowrap;"><strong>OOKI</strong></td> =
<td style=3D"vertical-align: middle; padding-left: 12px;"><img src=3D"https=
://dynamic-assets.coinbase.com/4df13aba4200705841250521ce22c1437e1ee57286dd=
40c6a4f1d370bc91ccbaaec287a754ef7f43884f309e246aaa62e3b0ea48d7d82059db423fa=
65cedca2d/asset_icons/83b8fbcc8403fcc7e4048157e811a37b47477a843c52e93770bd2=
e0ca7b79779.png" width=3D"26" height=3D"26" style=3D"display: block; width:=
 26px; height: 26px; vertical-align: middle;"></td> <td style=3D"vertical-a=
lign: middle; text-align: right; width: 100%;"><img src=3D"https://d15k2d11=
r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542=
cff6dd6a/3aca56371967418192255878e9689713/Newsletter%20Assets/newlistings_l=
ight.png" width=3D"21" height=3D"18" style=3D"width: 21px; height: 18px; ve=
rtical-align: middle;"></td> </tr> </tbody> </table> <p style=3D"margin: 0p=
x; line-height: 1.6;">OOKI is an Ethereum token that powers the Ooki Protoc=
ol, a decentralized finance protocol that supports lending, borrowing, and =
margin trading. </p> </a><a href=3D"https://links.coinbase.com/a/click?_t=
=3D3aca56371967418192255878e9689713&_m=3D32f30dec3d5541f2a7c82cfec06144ce&_=
e=3DmWsVv8sTITdFvdAvvQrd4t-9KD0qcINLPmDml0usAodJQCIB98B_xQ4WzYXgpi-aDwNt7Rb=
Au1AtUxQw8yDrBzSOUHD_lU_j1LXVAfzdWrflH4FFW0HuVlSieuSYglsT3O9UXKFokn-DCUpyGs=
_reUavLNs-EyyXUePdb9lwp1NlWf04qePR_0Xzx5U6FX73C8kS7pcNM5WPCu9FLsfxrtPQ-7om-=
2iUmKTfNd_kCRGI_nmExcT4HWFa9ogzxpoFTd6NQOEEe52eDSjK8uLYlySwH4jN7aLqT2A2iwAh=
MeI8rXE5LjweCwdsnLS7nVaASi6mMHKGMS2ui-dFpMQUXupYMpyz8BatImcGIlS7XCZ87lHRv2J=
-kDFkVwjxr7n227BfiDqizu9PoaEkT4E-dRggWoEvEb72d4fokb9A5ok%3D" target=3D"_bla=
nk" rel=3D"noopener noreferrer" style=3D"color: rgb(10, 11, 13); text-decor=
ation: none;"> <table style=3D"margin: 16px 0px 0px; width: 100%;"> <tbody>=
 <tr> <td style=3D"font-size: 32px; line-height: 1.26; word-break: break-wo=
rd; vertical-align: middle; white-space: nowrap;"><strong>CBETH</strong></t=
d> <td style=3D"vertical-align: middle; padding-left: 12px;"><img src=3D"ht=
tps://dynamic-assets.coinbase.com/55517c7b84cff054d0bf84f6d82680b5368915854=
f855ec4fe0178478a637b18a985ec85b87387beb2ae2a1b276fcb320ac7451c358302ceebb1=
79c58934ff65/asset_icons/93aa525880c2df46f3d5404cff1844a42f1a5d1fc812128ae3=
f70f2ce4a882e1.png" width=3D"26" height=3D"26" style=3D"display: block; wid=
th: 26px; height: 26px; vertical-align: middle;"></td> <td style=3D"vertica=
l-align: middle; text-align: right; width: 100%;"><img src=3D"https://d15k2=
d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c=
542cff6dd6a/3aca56371967418192255878e9689713/Newsletter%20Assets/newlisting=
s_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;">Coinbase Wrapped Staked ETH (=E2=80=9CcbETH=E2=80=
=9D) is a utility token that represents Ethereum 2 (ETH2), which is ETH sta=
ked through Coinbase. </p> </a> <table width=3D"100%" role=3D"presentation"=
 valign=3D"top" style=3D"table-layout: fixed; vertical-align: top; border-s=
pacing: 0px; border-collapse: collapse; min-width: 100%; text-size-adjust: =
100%;"> <tbody> <tr style=3D"vertical-align: top;"> <td valign=3D"top" styl=
e=3D"word-break: break-word; vertical-align: top; min-width: 100%; text-siz=
e-adjust: 100%; padding: 48px 0px;"><table border=3D"0" cellpadding=3D"0" c=
ellspacing=3D"0" width=3D"100%" align=3D"center" role=3D"presentation" vali=
gn=3D"top" style=3D"table-layout: fixed; vertical-align: top; border-spacin=
g: 0px; border-collapse: collapse; border-top: 2px solid rgb(222, 224, 226)=
; width: 100%;"> <tbody> <tr style=3D"vertical-align: top;"> <td valign=3D"=
top" style=3D"word-break: break-word; vertical-align: top; text-size-adjust=
: 100%;"><span></span></td> </tr> </tbody> </table></td> </tr> </tbody> </t=
able> <p style=3D"margin: 0px; line-height: 1.6; word-break: break-word;"><=
strong>Trivia answer</strong></p> <table style=3D"margin: 12px 0px 0px; lin=
e-height: 1.6; word-break: break-word;"> <tbody> <tr> <td style=3D"padding-=
right: 12px;"><strong>B</strong></td> <td>The Scourge</td> </tr> </tbody> <=
/table> <table style=3D"margin: 48px 0px 0px;"> <tbody> <tr> <td style=3D"t=
ext-align: left;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/=
users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5637196741819225=
5878e9689713/Rebrand%20Assets/coinbase_footer_wordmark.png" alt=3D"Coinbase=
" height=3D"26" style=3D"display: block; height: 26px; margin-bottom: 24px;=
"></td> </tr> <tr> <td><a href=3D"https://links.coinbase.com/u/click?_t=3D3=
aca56371967418192255878e9689713&_m=3D32f30dec3d5541f2a7c82cfec06144ce&_e=3D=
mWsVv8sTITdFvdAvvQrd4iSKVFL6vcQwZDo_Zg-OCxAXIPlZLXHTOY4g4t-4-NWPVFPKtTBcJAP=
s1ORakSdNZU7e6ifL0I-d82dT5gdRlH7qFp9a-hFqE8Bu8x8sB5W2tQUyIyEdSyyuA8nxfmPOx5=
w4y0A0uJGW5_95RpSrwaS9OYqNakxhQJDtE7ZBolqbvRVneErHqQoa17l_ldtx4Jr2GpPa6absM=
KjmVAKbXOMGIShvuaT2N8lV8vR5vtWCz6qnefOlODHwsrUvKHE1MDSLrpqVPckfVnbSQT86BoGc=
QJ5HwMeuHjhRCBk1s44jIZGyobWMEHSX0ec_2qq43Te82YQpn7H4ZlgOfZ7v68n9TMCrNBCIkax=
6HROWzczg" title=3D"coinbase ios app" target=3D"_blank" rel=3D"noopener nor=
eferrer"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Int=
egrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689=
713/Icons/app_apple.png" alt=3D"Download on iOS App store" height=3D"46" st=
yle=3D"display: block; height: 46px; margin-right: 8px;"></a></td> <td><a h=
ref=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e968=
9713&_m=3D32f30dec3d5541f2a7c82cfec06144ce&_e=3DmWsVv8sTITdFvdAvvQrd4hiB1KR=
ieAbQMmYg1_ts6u_ipenjDFRrw3NpAxhqCuoEe-eDLDBA7_n8c7YiSAy4PSSSD3mwGJKMj_NId-=
yWI_3UaijidLegcJBaKC9X3J3xz6qGspi7wDQT1e8NcBv1GyVrthVfce0Fjjglyl8LJB_yUHJPQ=
71QHKyOF8uEChu-5RN7rBINswAf0loEWPcdWJ6WWNb_adBN41rnvkA6lqiQEPTMphL3oG7GiejE=
cAWEa6pNDqfQ6nmZHXc7D1RPltlQp63SaZdJ9JSIdtfAvMo50PHoEAVHln3ZWvkzDUPnmVXrS0B=
1b96KadvnQU1jHQoe3WW4_YV8tTM3T3jQgR-aBBPdneZheFYGkOOiccAB" title=3D"coinbas=
e android app" target=3D"_blank" rel=3D"noopener noreferrer"><img src=3D"ht=
tps://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-=
46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/Icons/app_google.pn=
g" alt=3D"Download on Google Play" height=3D"46" style=3D"display: block; h=
eight: 46px;"></a></td> </tr> </tbody> </table> <div style=3D"margin-top: 2=
4px;"> <p style=3D"font-size: 12px; line-height: 1.8; word-break: break-wor=
d; color: rgb(91, 97, 110);">Disclaimer: This material is the property of C=
oinbase, Inc., its parent and affiliates ("Coinbase"). The views and opinio=
ns expressed herein are those of the author and do not necessarily reflect =
the views of Coinbase or its employees and summarizes information and artic=
les with respect to cryptocurrencies or related topics that the author beli=
eves may be of interest. This material is for informational purposes only, =
and is not (i) an offer, or solicitation of an offer, to invest in, or to b=
uy or sell, any interests or shares, or to participate in any investment or=
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. No representation or warranty is made, expressed or implied, with respect=
 to the accuracy or completeness of the information or to the future perfor=
mance of any digital asset, financial instrument or other market or economi=
c measure. The information is believed to be current as of the date indicat=
ed on the materials. Recipients should consult their advisors before making=
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and Exchange Commission or the U.S. Commodity Futures Trading Commission.<b=
r><br> <table class=3D"w_312" role=3D"presentation" border=3D"0" cellpaddin=
g=3D"0" cellspacing=3D"0" width=3D"660"> <tr> <td class=3D"whitetext whitec=
olor" align=3D"center" valign=3D"top" style=3D"font-family:Coinbase Sans, '=
Inter', Arial, sans-serif; font-size:12px; line-height: 18px; color:#0A0B0D=
; font-weight:400; padding-top: 4px; letter-spacing:-0.15px;"> =C2=A9 Coinb=
ase 2022&nbsp;| Coinbase Europe Limited <br> 70 Sir John Rogerson=E2=80=99s=
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e Financial Conduct Authority under the Electronic Money Regulations 2011 (=
register number 900635) for the issuing of electronic money. <br> <br> Cryp=
tocurrency is not regulated by the UK Financial Conduct Authority and is no=
t subject to protection under the UK Financial Services Compensation Scheme=
 or within the scope of jurisdiction of the UK Financial Ombudsman Service.=
 Investing in cryptocurrency comes with risk and cryptocurrency may gain in=
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rofits from cryptocurrency sales. <br> </td> </tr> </table> <br><br> <a sty=
le=3D"text-decoration:none;" href=3D"https://links.coinbase.com/e/eh?_t=3D3=
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mWsVv8sTITdFvdAvvQrd4k8aseRqvPccpJnohKrF4_zVnuJ0k7lFfATN_GIbj3qWxatkgzJsdj7=
KWI9sCJw7_vQtwqLlFkAH2xTJf9DwPxRc-yCPpp8RBs8eMP0gq2HMxgrHQFlaYIYkyoz3uPloIK=
rtPDAB00YyXhsb7-89nFks2p484l2GbGx2juKN_jgeV5uHGuHZwHg5kG3XiF7CYOKrWeIR0X0Mo=
k5mNOrtIzCa0QnKxJWSGHaBGU9YFXwFXq1xo_N411Gd1AYCE3YnISWThY7HuZyl9_LUJsGT-ZXe=
pYuuklLjsm4W9yR5w7Rv7EoYEFIMNid4gqh96G8_tg3TbvUhwr7Y214SNDRUZUsJ0wbnPVRN1h5=
dFTPAhsJ-Ki8eRpKtjUow-f9BdMLrbhMtYq-toUkIQo6-T_4I2m6ivzCw0xCx7-27hVtGaebzam=
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