HEX

File: D:/hMailServer/Data/showfile.com/admin/61/{61512931-3E88-454B-A0DF-79A4C52D2CB0}.eml
Content-Type: multipart/alternative; boundary="----=_Part_818050_776138891.1634734577888"
Date: Wed, 20 Oct 2021 12:56:18 +0000
Feedback-Id: 1.us-east-1.TQLiVf/rBjClwRiRLqnvdJT2gxVOHcgDf6Da6aS84zo=:AmazonSES
From: Coinbase Bytes <marketing@cb.mail.coinbase.com>
Message-ID: <0100017c9dc619af-efca7b73-0900-4f7c-838c-a935cbcf0b66-000000@email.amazonses.com>
Mime-Version: 1.0
Reply-To: newsletter@cb.mail.coinbase.com
Subject: =?UTF-8?Q?The_NFT_market=E2=80=99s_latest_moves?=
To: Vincent <vince@showfile.com>

------=_Part_818050_776138891.1634734577888
Content-Type: text/plain; charset=UTF-8
Content-Transfer-Encoding: quoted-printable

Coinbase Bytes Why don=E2=80=99t crypto and NFT markets always move in sync=
? Plus, a=20
breakdown of the new Bitcoin ETF. View in browser=20
<https://links.coinbase.com/e/evib?_t=3D3aca56371967418192255878e9689713&_m=
=3D2cc45db35ac6411cb9c3878267960343&_e=3D55waCjw23cTuPO_2uWkQfnSfzHFMMNdcce=
-CDGCBIyLUhgrRoTlqZ7L-Yp-jZ8AJPyiDMLUE0USwI0INRqZ0NPwij9n1yI_V3tVajCSztWEKF=
yGLyeZnydSskIRfwAVF73aKaOlpfl53yWHXtSShFQ%3D%3D>
 <https://coinbase.com>=20
10.20.21
 <https://coinbase.com/trade?src=3Dhero>=20
ProShares Bitcoin Strategy Fund made a historic debut on Monday as the firs=
t=20
=E2=80=9Cbitcoin-linked=E2=80=9D ETF on the New York Stock Exchange. [Spenc=
er Platt via Getty=20
Images]

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

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

 * A Bitcoin futures ETF has arrived. We=E2=80=99re breaking down everythin=
g you need=20
to know.=20
 * Hot NFT projects are cooling as crypto rallies. Why aren=E2=80=99t the t=
wo markets=20
moving in sync right now?=20
 * The most intriguing quotes of the week. Hot takes and compelling=20
microstories from the cryptoverse.=20




Bitcoin

$64,250.70

 +14.72%
 <https://coinbase.com/price/bitcoin?bytes_title=3Dbitcoin>=20

Ethereum

$3,938.80

 +12.85%
 <https://coinbase.com/price/ethereum?bytes_title=3Dethereum>=20


Cardano

$2.15

 +1.70%
 <https://coinbase.com/price/cardano?bytes_title=3Dcardano>=20

Solana

$160.56

 +5.13%
 <https://coinbase.com/price/solana?bytes_title=3Dsolana>=20


Polkadot

$41.67

 +18.52%
 <https://coinbase.com/price/polkadot?bytes_title=3Dpolkadot>=20

Dogecoin

$0.25

 +9.00%
 <https://coinbase.com/price/dogecoin?bytes_title=3Ddogecoin>=20


Bitcoin

$64,250.70

 +14.72%
 <https://coinbase.com/price/bitcoin?bytes_title=3Dbitcoin>=20

Ethereum

$3,938.80

 +12.85%
 <https://coinbase.com/price/ethereum?bytes_title=3Dethereum>=20

Cardano

$2.15

 +1.70%
 <https://coinbase.com/price/cardano?bytes_title=3Dcardano>=20


Solana

$160.56

 +5.13%
 <https://coinbase.com/price/solana?bytes_title=3Dsolana>=20

Polkadot

$41.67

 +18.52%
 <https://coinbase.com/price/polkadot?bytes_title=3Dpolkadot>=20

Dogecoin

$0.25

 +9.00%
 <https://coinbase.com/price/dogecoin?bytes_title=3Ddogecoin>=20
Price changes are for the past week, ending on Oct 20, 2021 at 12:37 PM UTC
See the latest prices <https://coinbase.com/price>=20



 BIT TO THE FUTURE=20

After eight years, a U.S. Bitcoin ETF is finally here. But what is it exact=
ly?

In recent weeks, as Bitcoin chugged back above $60,000, one category of cry=
pto=20
headline was almost impossible to miss: the imminent arrival of the first-e=
ver=20
=E2=80=9CBitcoin futures ETF.=E2=80=9D Yesterday,ProShares Bitcoin Strategy=
 fund=20
<https://www.proshares.com/funds/bito.html> (BITO) listed on the New York S=
tock=20
Exchange after a 75-day review by the SEC. The milestone arrived eight year=
s=20
after the Winklevoss twins applied for the first Bitcoin ETF =E2=80=94 back=
 when a=20
bitcoin cost about $90. So why now? And just what the heckis a Bitcoin futu=
res=20
ETF? Let=E2=80=99s dive in.

 * ETFs, or exchange-traded funds=20
<https://www.coinbase.com/learn/crypto-basics/what-is-an-etf>, =E2=80=94 a =
$6.7=20
trillion industry =E2=80=94 are popular with everyone from retirement-savin=
gs investors=20
to giant Wall Street funds.ETFs are similar to mutual funds =E2=80=94 they =
provide=20
investors exposure to an asset (like gold) or a basket of assets (like tech=
=20
stocks). They also tend to have low fees and, as the name implies, are trad=
ed=20
on major stock exchanges,=C2=A0meaning they can be bought or sold via any m=
ajor=20
brokerage.=20
 * Futures ETFs are distinct from spot-market ETFs, which invest directly i=
n=20
an asset. Proshares BITO invests in BTC futures, which are a bundle of=20
contracts to buy BTC at a future date for a specific price. BTC futures ten=
d to=20
be correlated with bitcoin prices (meaning they roughly move up and down=20
together), but they aren=E2=80=99t exact mirrors of each other.=C2=A0=20
 * SEC Chair Gary Gensler acknowledged futures-based BTC ETFs in remarks=20
<https://www.sec.gov/news/public-statement/gensler-aspen-security-forum-202=
1-08-03>
 this year, citing the =E2=80=9Csignificant investor protections=E2=80=9D p=
rovided by the=20
Investment Act of 1940 for futures-based trading (one legal analystdisputed=
=20
<https://news.bloomberglaw.com/securities-law/analysis-gensler-problematica=
lly-applies-40-act-to-bitcoin-etfs>
 this rationale). However, spot-based BTC ETFs and other parts of the crypt=
o=20
market still lack regulatory clarity (read our policy proposal=20
<https://blog.coinbase.com/digital-asset-policy-proposal-safeguarding-ameri=
cas-financial-leadership-ce569c27d86c>
).=20
 * Several additional futures-based BTC ETFs are expected to launch by the =
end=20
of October,including Valkyrie=E2=80=99s=20
<https://www.sec.gov/Archives/edgar/data/0001877493/000138713121008347/valk=
-n1a_081121.htm>
BTFD <https://twitter.com/BitcoinMagazine/status/1450217587476926465> fund =
(a=20
slyjoke=20
<https://www.investopedia.com/terms/b/buy-the-dips.asp#:~:text=3DBTFD%2C%20=
or%20%22buy%20the%20f******%20dip%22%2C%20is%20an%20aggressive%20strategy%2=
0of%20dip-buying%20encouraged%20by%20traders%20in%20hot%20markets%2C%20such=
%20as%20with%20Bitcoin.>
?). In total, about40=20
<https://www.coindesk.com/policy/2021/10/15/bitcoin-pumps-on-report-of-favo=
rable-etf-prospects/>
 crypto ETF applications =E2=80=94 including Ethereum funds and more =E2=80=
=94 have been=20
submitted to the SEC, which has ahistory=20
<https://markets.businessinsider.com/news/currencies/sec-bitcoin-etf-decisi=
on-delay-gensler-cryptocurrencies-deadline-markets-2021-10>
 of extending deadlines for rulings on digital asset ETFs.=20
 * More than 24 million shares of BITO (worth nearly $1 billion) traded on=
=20
Tuesday, as the fund became the second-most heavily traded fund on record =
=E2=80=94 =E2=80=9Ca=20
watershed moment for the crypto industry,=E2=80=9Daccording=20
<https://www.bloomberg.com/news/articles/2021-10-19/proshares-bitcoin-futur=
es-etf-starts-trading-in-watershed-moment>
 to Bloomberg. Retail traders were hungry for shares, with BITO becoming th=
e=20
most-bought asset on Fidelity=E2=80=99s platform in the first few hours of =
trading.=20
Bitcoin prices rose as well =E2=80=94 breaking the $64,000 mark for the fir=
st time=20
since April.=C2=A0=20


Why it matters=E2=80=A6 Much of the excitement around BTC ETFs comes from i=
nvestors=E2=80=99=20
belief that such funds could broadly appeal to traders who aren=E2=80=99t y=
et=20
comfortable with the idea of buying crypto directly. (And indeed, existing=
=20
crypto ETFs in Canada and Latin America have beenbig hits=20
<https://blockworks.co/brazil-bitcoin-etf-follows-similar-launches-in-canad=
a/>
.) While these first futures-based BTC ETFs might hold more appeal for adva=
nced=20
traders looking to diversify portfolios with indirect exposure to bitcoin, =
some=20
analystspredict=20
<https://www.cnbc.com/2021/10/15/bitcoin-etfs-may-finally-make-their-debut-=
sort-of.html>
 that they=E2=80=99ll pave the way for ETFs that hold crypto directly. Acco=
rding to=20
Douglas Yones, the head of exchange-traded products at the NYSE: =E2=80=9CT=
his is an=20
exciting step but not the last.=E2=80=9D
Learn more about BTC futures=20
<https://www.coinbase.com/learn/crypto-basics/what-is-a-bitcoin-futures-etf=
?src=3Dbittothefuture_cta>



 NFT UPDATE=20

Crypto is booming, so why are some major NFT projects struggling?=20

Bitcoin broke $50,000 for the first time in February 2021, around the time=
=20
Christie=E2=80=99sauctioned=20
<https://www.cnbc.com/2021/02/18/christies-to-auction-beeple-nft-art-and-wi=
ll-accept-ether-as-payment.html>
 off a Beeple NFT for $69.3 million. So you=E2=80=99d think that crypto pri=
ces and NFT=20
sales would be pretty tightly correlated. But that hasn=E2=80=99t seemed to=
 be the=20
case. Take August, for example: at the time, crypto prices remained depress=
ed,=20
but NFT market OpenSeaposted=20
<https://www.marketwatch.com/story/nft-marketplace-opensea-records-3-4-bill=
ion-transaction-volume-in-august-10-times-the-month-before-11630707640>
 a record $3.4 billion in trading volume. This week, however, as Bitcoin ca=
me=20
close to spring=E2=80=99s all-time highs, many major NFT projectslost steam=
 =E2=80=94 and=20
OpenSealogged <https://dune.xyz/rchen8/opensea> a roughly 30% drop in daily=
=20
trading volume over the last week. Time for a closer look.

 * Just weeks after notching their first $1 million=20
<https://decrypt.co/82774/cool-cats-cryptoadz-ethereum-nfts-1-million> sale=
s,=20
Ethereum collectible projectsCool Cats=20
<https://opensea.io/collection/cool-cats-nft?tab=3Dactivity> and CrypToadz=
=20
<https://opensea.io/collection/cryptoadz-by-gremplin?tab=3Dactivity> saw th=
eir=20
floor prices=20
<https://www.coindesk.com/business/2021/08/31/why-everyone-in-nfts-is-sudde=
nly-talking-about-price-floors/>
 fall sharply. Meanwhile, Degenerate Apes, the avatars that sent Solana to=
=20
all-time highs in August,posted <https://solanart.io/collections/degenape>=
=20
their lowest average prices since launch on Monday.=C2=A0=20
 * After a blockbuster $60 million launch last week, the Gundam=20
<https://gundam.fandom.com/wiki/The_Gundam_Wiki>-inspired Mekas generative =
NFT=20
project shed value (from a floor price above 7 ETH to less than 2 ETH on=20
October 15) after some major NFT collectorsclaimed=20
<https://decrypt.co/83600/mekaverse-ethereum-nft-rollout-dogged-fraud-alleg=
ations>
 that developers had rigged the raffle system used for the launch. On the=
=20
project=E2=80=99s Discord, Mekas=E2=80=99 developers insisted that =E2=80=
=9Ceverything was distributed=20
clearly, fairly, and randomly.=E2=80=9D=C2=A0=20
 * Even with this week=E2=80=99s declines, October NFT sales still seem poi=
sed to=20
match August=E2=80=99s highs.NFTs that maintained momentum include a new dr=
op from NBA=20
Top Shot, featuring Shaquille O=E2=80=99Neal and Dwayne Wade. The retro pac=
k seemed to
renew=20
<https://twitter.com/nbatopshot/status/1449548331923955720?ref_src=3Dtwsrc%=
5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1449548331923955720%7Ctwgr%5E%7Ctwco=
n%5Es1_&ref_url=3Dhttps%3A%2F%2Fcointelegraph.com%2Fnews%2Fretro-nft-packs-=
drive-frenzied-top-shot-speculation>
 interest in the collectible marketplace. CryptoPunks alsoheld steady=20
<https://opensea.io/collection/cryptopunks?tab=3Dactivity>, and (in case yo=
u were=20
wondering) the lowest price for a digital pet rock is still above$1 million=
=20
<https://twitter.com/etherrockprice/status/1448331810086207489>.=C2=A0=20


Why it matters=E2=80=A6 When NFTs first took off in early 2021, the thesis =
was that=20
crypto whales, flush from the bull run, were looking to park some of their=
=20
holdings =E2=80=94 and that NFT sales would cool alongside the broader mark=
et. But when=20
crypto slumped this summer, record interest in NFTs led creators to mint=20
collectibles,in-game creatures=20
<https://www.coinbase.com/learn/crypto-basics/what-is-axie-infinity>, and t=
ens=20
of thousands of unique avatars. It may be that the vast proliferation of=20
projects makes any single project less buzzworthy,=C2=A0which might be good=
 for=20
collectors who just love the art (as opposed to speculators looking to make=
 a=20
bundle of ETH). But NFTs change fast =E2=80=94 an exciting new project, a v=
iral=20
artwork, or a rarezombie Punk=20
<https://www.larvalabs.com/cryptopunks/search?query=3DZombie> can move the =
market=20
in unexpected ways.
Join the Coinbase NFT waitlist=20
<https://www.coinbase.com/NFT/announce?src=3Dnftupdate_cta> =20
<https://www.coinbase.com/invite?src=3Dinvite_bytes>=20

 TAKES=20

Big Short investor goes long on (some) crypto, Morgan Stanley CEO says cryp=
to=20
is here to stay

 * Wall Street bets=E2=80=A6 During Morgan Stanley=E2=80=99s Q3 earnings ca=
ll, CEO James=20
Gorman addressed crypto=E2=80=99s longevity. =E2=80=9CI don=E2=80=99t think=
 crypto is a fad,=E2=80=9D he said.=20
=E2=80=9CThese things aren=E2=80=99t going away, and the blockchain technol=
ogy supporting it is=20
obviously very real and powerful.=E2=80=9D=20
 * Bitcoin faithful... Addressing Congress about the U.S. debt ceiling=20
<https://www.foxbusiness.com/politics/house-votes-lift-debt-ceiling-default=
-december>
 showdown, Wyoming Senator Cynthia Lummissaid=20
<https://bitcoinmagazine.com/markets/thank-god-for-bitcoin-senator-cynthia-=
lummis-debt-limit-raise>
: "Time and again=E2=80=A6presidents of both parties have run up the debt i=
rresponsibly=20
with no plan to address it. So thank God for Bitcoin...that transcends the=
=20
irresponsibility of governments, including our own."=20
 * Burry sorry... Big Short investor Michael Burry, who has issued dire=20
warnings about cryptocurrencies from BTC to SHIB,clarified=20
<https://markets.businessinsider.com/news/currencies/big-short-michael-burr=
y-crypto-bitcoin-speculation-bubble-blockchain-nft-2021-10>
 his position: "I've not been shorting cryptocurrencies at all," he said. "=
I=20
have not been involved in them except for a dabble =E2=80=94 actually on th=
e long side=20
in a couple that I see as 'better' cryptocurrencies."=C2=A0=20
 * Shark bank=E2=80=A6 Shark Tank investor Kevin O=E2=80=99Leary said he se=
es =E2=80=9Ctrillions of=20
dollars=E2=80=9D moving into crypto: =E2=80=9CFor the first time ever, my c=
rypto exposure is=20
greater than gold.=E2=80=9D O'Leary wasn=E2=80=99t the only Shark Tank star=
 to weigh in: in a=20
series of tweets, Mark Cubanlaid out his case=20
<https://www.cnbc.com/2021/10/18/mark-cuban-bitcoin-will-be-safe-haven-of-c=
rypto-with-one-advantage.html>
 for BTC as =E2=80=9Cthe best store of value on the market=E2=80=9D with =
=E2=80=9CZERO competition.=E2=80=9D=C2=A0=20

Learn about inflation=20
<https://www.coinbase.com/learn/crypto-basics/what-is-inflation?src=3Dtakes=
_cta>=20



 TOKEN TRIVIA=20

What is an example of hot storage?

A A piece of paper with your private keys, kept in a safety deposit box=20
B A crypto wallet connected to the internet=20
C A wool-lined crate=20
D Any crypto account protected by two-step authentication=20
Find the answer at the end of the email.
See tips for storing your crypto=20
<https://www.coinbase.com/learn/crypto-basics/what-is-a-crypto-wallet?src=
=3Dtrivia_cta>



 NOW TRADING ON COINBASE=20

FX=20
FX is an Ethereum token that powers Function X, which comprises a core=20
blockchain, cross-chain protocol, and platform for decentralized applicatio=
ns.
 <https://www.coinbase.com/price/function-x?bytes_new=3Dfunction-x>=20
WCFG=20
Wrapped Centrifuge (WCFG) is an Ethereum token that=E2=80=99s intended to r=
epresent=20
Centrifuge (CFG) on the Ethereum blockchain.
=20
<https://www.coinbase.com/price/wrapped-centrifuge?bytes_new=3Dwrapped-cent=
rifuge>


Trivia answer

B A crypto wallet connected to the internet=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
<https://links.coinbase.com/e/eh?_t=3D3aca56371967418192255878e9689713&_m=
=3D2cc45db35ac6411cb9c3878267960343&_e=3DeJS6jQHbr_d5ftx2pT-tN2Bj-prh-Wb8ZX=
52B8nzVCeysq3ohwkZH0hQw-1ktoLR_91bnwMnIXOpjNLV_epTknChGCApV8ZLSONluOa0ypgtK=
nDWaTiZHhZk1oo0bqDwgz0KFRx_p2zU35FBlGjEa4GYIfhud9WmjWNYFZ6A5AQHvmUFvYg63-2Z=
h_vo7uz1aMv7V2Qi1amQwSLNOGxDI8d7WUURXJISXKs0GqVDu1-vXuV2lDS0o__wIbtdz_obxO4=
i6QHgvrxNRJf-Kz3qLbIMPsGwePtZxk6_7odsyBExyVJ4OnT22IPbIWUwKqUvD4XUK5fT5fwmjr=
sTW7w0wDeliywznej7iZinZNBBd9M93nZ3cUDe3PUgXcDeCCtNbMVteZGGHfZkYHxYypGRkw%3D=
%3D>
 from future editions of Coinbase Bytes.

------=_Part_818050_776138891.1634734577888
Content-Type: text/html; charset=UTF-8
Content-Transfer-Encoding: quoted-printable

<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional //EN" "http://www=
.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns=3D"http://www.w=
3.org/1999/xhtml" xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"urn:=
schemas-microsoft-com:office:office"> <head> <!--[if gte mso 9]><xml><o:Off=
iceDocumentSettings><o:AllowPNG/><o:PixelsPerInch>96</o:PixelsPerInch></o:O=
fficeDocumentSettings></xml><![endif]--> <meta http-equiv=3D"Content-Type" =
content=3D"text/html; charset=3Dutf-8"> <meta name=3D"viewport" content=3D"=
width=3Ddevice-width"> <!--[if !mso]><!--> <meta http-equiv=3D"X-UA-Compati=
ble" content=3D"IE=3Dedge"> <!--<![endif]--> <title>Coinbase Bytes</title> =
<style type=3D"text/css">body,table,td,tr,p{font-family:Helvetica Neue,Helv=
etica,Arial,sans-serif}body{margin:0;padding:0}table,td,tr{vertical-align:t=
op;border-collapse:collapse}*{line-height:inherit}a[x-apple-data-detectors=
=3D'true']{color:inherit!important;text-decoration:none!important}a{color:#=
1957f5}</style> <style type=3D"text/css" id=3D"media-query">@media(max-widt=
h:590px){.cta_button{width:100%!important}.block-grid{width:100%!important;=
max-width:100%!important}.mobile_hide{min-height:0;max-height:0;max-width:0=
;display:none;overflow:hidden;font-size:0}.desktop_hide{display:block!impor=
tant;max-height:none!important}}</style> </head> <body style=3D"margin: 0;p=
adding: 0;-webkit-text-size-adjust: 100%;background-color: #FFFFFF;font-fam=
ily: Helvetica Neue, Helvetica, Arial, sans-serif;font-size: 16px;color: #0=
A0B0D;"><span style=3D"color:transparent;visibility:hidden;display:none;opa=
city:0;height:0;width:0;font-size:0;">Why don=E2=80=99t crypto and NFT mark=
ets always move in sync? Plus, a breakdown of the new Bitcoin ETF.</span><i=
mg src=3D"https://links.coinbase.com/e/eo?_t=3D3aca56371967418192255878e968=
9713&amp;_m=3D2cc45db35ac6411cb9c3878267960343&amp;_e=3D55waCjw23cTuPO_2uWk=
QfnSfzHFMMNdcce-CDGCBIyLUhgrRoTlqZ7L-Yp-jZ8AJnwXyccV2OVf3JhP8TdEtpS7zxcXnOr=
CXOqw6ydKZ2pbfYBjjSWtvH-JjEpHBs_6Xie55fbIMpNe5uwnFD1-mu-2fiTnbLrg-ny0EtEOdR=
wiGimurgOPxluNRKc1elkZdZC8EBPVCCeHUqi-dDC1KIA%3D%3D" style=3D"border:0;widt=
h:1px;height:1px;border-width:0px!important;display:none!important;line-hei=
ght:0!important;" width=3D"1" height=3D"1"/> <div id=3D"root" style=3D"min-=
width: 320px; background-color: #FFFFFF; width: 100%"> <div class=3D"block-=
grid" style=3D"min-width: 320px; max-width: 570px; overflow-wrap: break-wor=
d; word-break: break-word; margin: 0px auto;"> <div style=3D"padding: 0px 1=
0px 10px;"> <div style=3D"text-align: right; margin-bottom: 24px;"><a href=
=3D"https://links.coinbase.com/e/evib?_t=3D3aca56371967418192255878e9689713=
&_m=3D2cc45db35ac6411cb9c3878267960343&_e=3D55waCjw23cTuPO_2uWkQfnSfzHFMMNd=
cce-CDGCBIyLUhgrRoTlqZ7L-Yp-jZ8AJPyiDMLUE0USwI0INRqZ0NPwij9n1yI_V3tVajCSztW=
EKFyGLyeZnydSskIRfwAVF73aKaOlpfl53yWHXtSShFQ%3D%3D" target=3D"_blank" rel=
=3D"noopener noreferrer" style=3D"color: rgb(91, 97, 110); text-decoration:=
 none; line-height: 1.5; font-size: 12px;">View in browser</a></div> <div s=
tyle=3D"margin-bottom: 20px;"> <table style=3D"width: 100%;"> <tbody> <tr> =
<td style=3D"text-align: left; vertical-align: middle;"><a href=3D"https://=
links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D2cc45=
db35ac6411cb9c3878267960343&_e=3DeJS6jQHbr_d5ftx2pT-tN4C8TeLxzXnUobxo9L8LYe=
-9SuBt6mXCzKPpKcJLprBT1Ch8PqLsCmN8KLkRiRb7zCLLde970mhI2RDeZ-XbC_PN5McmFGA7V=
bU4yM2M4daGy8NiSVMT1P4zS6TPbBNESunrqi84gxzKvOJTX_AySu32yii2ffMUM9Arz0KDcfr1=
B7CHEFNlIST1hDSjSQA0l5sT1aqcAu0otH18xtrOeaZb7m6V0XjsGEH5Yc5i28X8ZOqC5p5kZDj=
tcBvtZllamNW08ZzvTgDUrMbjTOHz2lJnVKXGxMZWUthJTlevirET_njTJZIHQ-9B99Gngh3zTH=
Q6lwjfkFey7N4CF9_t0lfShWO__9nXet6umyNooAfy" title=3D"Coinbase Bytes" target=
=3D"_blank" rel=3D"noopener noreferrer"><img src=3D"https://d15k2d11r6t6rl.=
cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6=
a/3aca56371967418192255878e9689713/cbytes-4x.png" height=3D"36" style=3D"di=
splay: 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;">10.=
20.21</p></td> </tr> </tbody> </table> </div> <a href=3D"https://links.coin=
base.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D2cc45db35ac6411=
cb9c3878267960343&_e=3DeJS6jQHbr_d5ftx2pT-tN1IAaVO0t-WQvkV2VnHxVw9hZ5KSRwlB=
y0hXGucWwuCk-cZNUPeOJPWfPY4Hp_piD6kK2V3JJO9nraGsX6xWDghwSP6aBUw7p8KdAA093nc=
XwHmgV3KqVfaSN2oxJpLe629TIKRHaY5hFtAnrIOx5g5Xh8nyD55qC9Q5PMmHh8vIGFJRAaqFB-=
kaC0UMU0JSNS-KBvgQ5Onl-pLY14sLgqV6J0umcUhJvZxS4SrtCyvcbM7CTdjjhwt3zfeTvAeAC=
IbH4Mb3HGUkY_mPyFXt9rDnQ1e5jtK-Vv_ExFB9m3o5g55skruDACtkPoZzweAJRiLc9Jylv_1i=
g13UQBI_mXO4PqwCnF0W1DYi1vLVhjsXx0NdZtQf2nap0_FnUvUOqg%3D%3D" target=3D"_bl=
ank" rel=3D"noopener noreferrer"><img src=3D"https://images.ctfassets.net/q=
5ulk4bp65r7/2hQdKBJdAoILCe1uk6CoBz/eaa57cc7b2ee21b70573287134fff2fb/GettyIm=
ages-1347515736.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);">ProShares Bitcoin Strategy=
 Fund made a historic debut on Monday as the first =E2=80=9Cbitcoin-linked=
=E2=80=9D ETF on the New York Stock Exchange. [Spencer Platt via Getty Imag=
es]</p> <p style=3D"margin: 48px 0px 16px; font-size: 32px; line-height: 1.=
26; word-break: break-word;"><strong>What=E2=80=99s up? It=E2=80=99s Coinba=
se Bytes </strong></p> <p style=3D"margin: 0px; line-height: 1.6; word-brea=
k: 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"l=
ine-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>A Bitcoin=
 futures ETF has arrived. </strong>We=E2=80=99re breaking down everything y=
ou need to know.</li> <li style=3D"margin: 0px; padding: 6px 0px;"><strong>=
Hot NFT projects are cooling as crypto rallies. </strong>Why aren=E2=80=99t=
 the two markets moving in sync right now?</li> <li style=3D"margin: 0px; p=
adding: 6px 0px;"><strong>The most intriguing quotes of the week. </strong>=
Hot takes and compelling microstories from the cryptoverse.</li> </ul> <p s=
tyle=3D"margin: 0px; padding: 0px;"></p> <!--[if !mso]><!--> <div class=3D"=
desktop_hide" style=3D"mso-hide:all;display:none;max-height:0;overflow:hidd=
en;"> <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=3D2cc45db35ac6411cb9c3878267=
960343&_e=3DeJS6jQHbr_d5ftx2pT-tN25Cn3M7-x0EqJnOSxg2qz77tIqy7dg3Mq3nmDTGf8X=
wc0GmMB96XsrMXoT7mmCjT9P9bTuUY1xyLSSNka7DbGTGf6A6TGkK1Tr8BJ04d490ZtVkVSzOVn=
ZKz4teVeg7YNV6c0zP4pKffvYH6iVIrYKiiH6BaQPSc1sKs1Z8soYLVX6rWBO90B9-0nRRmtR-F=
nlPHh5RdyZjDNQcKtDzwjouNSYZjp2pHb6dFcsdXxc4k3Sn-GH3ffEsQIXIPqEpzSMxkn5FI1Dd=
yMEOdDuSjFG-iw5SDrNjytLKmq6fO_cRrr1p0vOaMJLuM78qCznHrj_wwhhZUaruQ71RWrv7b2A=
IyP-oncGWPJJOxRo9zEN63eFESHRo5zcC-J6j3xDP524jVC_oq30HtGTCvJF8xDQ%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://d15k2d=
11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c5=
42cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" style=3D"height:1=
2px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"12" wi=
dth=3D"12"/></td><td style=3D"padding:0;vertical-align:top;"> <div style=3D=
"text-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margi=
n:0;"><strong>Bitcoin</strong></p><p style=3D"margin:8px 0px;">$64,250.70</=
p><p style=3D"margin:0;font-size:12px;"> +14.72%</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=3D2cc45d=
b35ac6411cb9c3878267960343&_e=3DeJS6jQHbr_d5ftx2pT-tN25Cn3M7-x0EqJnOSxg2qz5=
9_8LiIOuFJNuOLs-IjpP3JigqPbZXpgfVESupNJ2RMtnASNLzwVHuxwfMkMHvcXW2dbMlmGa7ql=
HJxqAOUh-U4-U0Sb8MB1WvXlmEG4tgUPgGsisPnu50iBIua1ZF_IicViSgRpgC1JtJHc-lFvlfp=
xnjLT4NcAnjRAcFAmqKmMXEFdO2Y23RKTRKCRKpH7Xgoh2dfm8Ivv2Qp8XvqmAh74ktdub052gP=
7mEBhsqasJ8jLSMINEzCuuUhHMykD1Pa6CbScHyAbvSvry1rBKmsaFuIJEBF8Eu7_HzWcEwSzsC=
QmJgMIh9eKj_itLY7ZHMO-wiTvGkXDmlR2XbPutgjJiJ3kVg1g9siD3tfJe4RSYqp9pFRP-3ZQr=
PwaB0M1Qw%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/up-arrow.pn=
g" style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:to=
p;" 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>Ethereum</strong></p><p style=3D"margin:8=
px 0px;">$3,938.80</p><p style=3D"margin:0;font-size:12px;"> +12.85%</p></d=
iv></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=3D2cc45db35ac6411cb9c3878267960343&_e=3DeJS6jQHbr_d5=
ftx2pT-tN25Cn3M7-x0EqJnOSxg2qz7Uy902mHk5lxbsM9ZCCmbl55MSpGDJVyGEVb2RVgpPTIF=
yg4cvADU-2M8GphPbcc6sH629z2a8SsNvnhC8T-2ssp3Ho0ZJlWewbSUv-NVWS9hwdcUFNxOlSi=
uKkzj0vrmLPD6CguI-RLm5wtS3f_xVSDs96VSnt8uH5glnVeyppBpz0lY5CW28OaUPS7Q7GX1zr=
p9fyFFikubXlo6cqqlweYuCHVhH52o7Vq6bjdRxYc-nyJd55lgDhHM3XjQ11hdsNKSjo0YmJIZJ=
yxdCAITjYXfkKd4sa9yIMyKWZhymYbEKZJcCmkd5QDrtUyfZ-U_udOSDRgQTgdF7KUy--5mBNe5=
P4u5i8Be1V8H0LrJk8vvxHhOulV_w0FlcQB18qcQ%3D" target=3D"_blank" style=3D"tex=
t-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"paddin=
g:0;vertical-align:top;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/=
public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca563719674=
18192255878e9689713/up-arrow.png" style=3D"height:12px;width:12px;margin:2p=
x 0px 0px 0px;vertical-align:top;" height=3D"12" width=3D"12"/></td><td sty=
le=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</s=
trong></p><p style=3D"margin:8px 0px;">$2.15</p><p style=3D"margin:0;font-s=
ize:12px;"> +1.70%</p></div></td></tr></tbody> </table> </a> </td> <td styl=
e=3D"padding-top:20px;"> <a href=3D"https://links.coinbase.com/a/click?_t=
=3D3aca56371967418192255878e9689713&_m=3D2cc45db35ac6411cb9c3878267960343&_=
e=3DeJS6jQHbr_d5ftx2pT-tN25Cn3M7-x0EqJnOSxg2qz4DexI2iFejwLDA7oryEomBHR0jN2x=
2DU7xjT7xP-lWuqfvgmsF8cV99vOCZ1kXn2nSZKWW-Aq79b4s2pM7YseLK3DzZNCsypk94OHKcG=
g56JqUYTmEV7mEQtX4juHR76nVHR-qOm4DwYg6TY_y9mEe0v3BGBPJRRN9V_FOHNX1kCLmGCPZp=
uhBITsvPcPfnOsdQao01hneSxVbZ7FNbw9UxABxhCorBpAEOogNweRYbcTCekw8f5emeSeZ07ke=
53XBqJWRZ8NlKnIXIZMlJM03FDJFlJ-KfhNuyIUJOpMijZU9GeFXrMDuct8NZr9nmnNN7BlOT12=
KpNMZ5CwWpZea_8FCNE7NXNJlg47KqZwHaRdsiy3sS6b9rJtNTGnyM54%3D" target=3D"_bla=
nk" style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td=
 style=3D"padding:0;vertical-align:top;"><img src=3D"https://d15k2d11r6t6rl=
.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd=
6a/3aca56371967418192255878e9689713/up-arrow.png" style=3D"height:12px;widt=
h:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"12" width=3D"1=
2"/></td><td style=3D"padding:0;vertical-align:top;"> <div style=3D"text-al=
ign:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><s=
trong>Solana</strong></p><p style=3D"margin:8px 0px;">$160.56</p><p style=
=3D"margin:0;font-size:12px;"> +5.13%</p></div></td></tr></tbody> </table> =
</a> </td> </tr> <tr> <td style=3D"padding-top:20px;"> <a href=3D"https://l=
inks.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D2cc45d=
b35ac6411cb9c3878267960343&_e=3DeJS6jQHbr_d5ftx2pT-tN25Cn3M7-x0EqJnOSxg2qz4=
ca4bDcpoKeLb7RR7ElreQuu2I6faGmda81wrXCCGdhBgWqo4HipZKSVS2tyJFwJUUWwXY8-5lCh=
GKVvlEFomiPNEKefUx4LcOmJs35FStxKgsgpAUzsmjsuEnMgvLbinsNdDnlkK4HB9XV0_ZkZxGr=
Kzv2nkk2JQbkrUpNPoIbAIjFlGHkReKF4NS8kslSkrNVTbi413IKNfXR-0GPXJrE4d5WS-vm6CC=
U8fXglxR92muSrtqWvRK9nba5Q5wAB1rQckDWqE0CXLur3Q8SXBqymMOTBG6qsHdiiuaL9z1PrM=
jYUWdEoZQIiaXToIPOELFRwajhVP3Vz8hsJyRT3eu44mhX6_qkiC8NxgRhBUPP6mwXc0fpinq5M=
mhMzxrev0%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/up-arrow.pn=
g" style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:to=
p;" 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>Polkadot</strong></p><p style=3D"margin:8=
px 0px;">$41.67</p><p style=3D"margin:0;font-size:12px;"> +18.52%</p></div>=
</td></tr></tbody> </table> </a> </td> <td style=3D"padding-top:20px;"> <a =
href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e96=
89713&_m=3D2cc45db35ac6411cb9c3878267960343&_e=3DeJS6jQHbr_d5ftx2pT-tN25Cn3=
M7-x0EqJnOSxg2qz68V_KFYIGTl2cHLieG3FXN83A4nOnw2pDhiI65gQeNXqeCelCB7Nku7QD4W=
7m7Y5sHDD3BlR8ori60BY4RA77qirIn4xXUgFTdv8J0NQZ65qKarLmUBOjYSsjvGvOmx3kSUDS0=
E4X9brC5fq0sckZBWSrfRRsOcVp88HSMTqE1UEFf22mlDHlfONk8NztnbWKxOQ4rsGN2VqXoSWz=
7XYG36VlJGcNLBBr_rmXgc9tSxh96YaYCJlRgMN1WKAUfLDdnGTP4gsp_Wgiju5VOZJDoJ1j1sr=
XZUR0fsKaGwAdlgL37mvams67B2yXnJQiJsnvOZcu7zL3_1TJ8n1QEAYK-Fpe5ZdQ_KELVGnwZP=
m6q5FquRorwIh_QAq6JuBGAmvc%3D" target=3D"_blank" style=3D"text-decoration:n=
one;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical-a=
lign:top;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/I=
ntegrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e96=
89713/up-arrow.png" style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;=
vertical-align:top;" height=3D"12" width=3D"12"/></td><td style=3D"padding:=
0;vertical-align:top;"> <div style=3D"text-align:left;margin:0px 0px 0px 10=
px;line-height:1;"> <p style=3D"margin:0;"><strong>Dogecoin</strong></p><p =
style=3D"margin:8px 0px;">$0.25</p><p style=3D"margin:0;font-size:12px;"> +=
9.00%</p></div></td></tr></tbody> </table> </a> </td> </tr> </tbody> </tabl=
e> </div> <!--<![endif]--> <div class=3D"mobile_hide"> <table style=3D"widt=
h:100%;table-layout:fixed;margin:0;"> <tbody> <tr> <td style=3D"padding-top=
:40px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418=
192255878e9689713&_m=3D2cc45db35ac6411cb9c3878267960343&_e=3DeJS6jQHbr_d5ft=
x2pT-tN25Cn3M7-x0EqJnOSxg2qz77tIqy7dg3Mq3nmDTGf8Xwc0GmMB96XsrMXoT7mmCjT9P9b=
TuUY1xyLSSNka7DbGTGf6A6TGkK1Tr8BJ04d490ZtVkVSzOVnZKz4teVeg7YNV6c0zP4pKffvYH=
6iVIrYIjZoM24oSmno89vHZjSRf7EvFk95GGd1CYoirohTGitYWkpWHTtRKm1XnnvnJVWgJy8im=
BxRSHtngrs7F7ZQ-A3gjz2Sa8qh4lP-bUn0JRHAKC1iKae7LCp2hogshhSc-7nM0mcEbiaXhbbP=
Wibp6vz8BXg9meFQPgJE-wF9z2f0V6zB6dZAfocri3N7PCsXBBeWiJyXAz0Kchu0hizY0pp2B62=
PNk_YtmtfwktYWGL9nH46fZ3F1QK1ij_PeJUeE%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>Bitcoin</str=
ong></p><p style=3D"margin:8px 0px;">$64,250.70</p><p style=3D"margin:0;fon=
t-size:12px;"> +14.72%</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=3D2cc45db35ac6411cb9c3878267960343=
&_e=3DeJS6jQHbr_d5ftx2pT-tN25Cn3M7-x0EqJnOSxg2qz59_8LiIOuFJNuOLs-IjpP3JigqP=
bZXpgfVESupNJ2RMtnASNLzwVHuxwfMkMHvcXW2dbMlmGa7qlHJxqAOUh-U4-U0Sb8MB1WvXlmE=
G4tgUPgGsisPnu50iBIua1ZF_IicViSgRpgC1JtJHc-lFvlfEJ01PznLLn8_rI_V4_s1Q8NHYMJ=
nvvzadrGDcMGa5LGqaNw49IU6_0vRsyybVJba6X1rowfaeEBRDJOwd6nFwb3f_wZ2QUJgYRXtZe=
COHAiQASd8XXJcIt8KHJ5PT-2g1r7b7g95Jhms6zzs0pMOPDJtJe6hNEqgZr6b2cyM8A5Pn5ZAt=
w-5Rhqjwq8fGuKXPoIvkXn9djYaVrPL05d3fnex5rxsOcsIW_uLXsbGSJI%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/up-arrow.png" style=3D"height:12px;wi=
dth: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>Ethereum</strong></p><p style=3D"margin:8px 0px;">$3,938.80</p><p s=
tyle=3D"margin:0;font-size:12px;"> +12.85%</p></div></td></tr></tbody> </ta=
ble> </a> </td> <td style=3D"padding-top:40px;"> <a href=3D"https://links.c=
oinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D2cc45db35ac6=
411cb9c3878267960343&_e=3DeJS6jQHbr_d5ftx2pT-tN25Cn3M7-x0EqJnOSxg2qz7Uy902m=
Hk5lxbsM9ZCCmbl55MSpGDJVyGEVb2RVgpPTIFyg4cvADU-2M8GphPbcc6sH629z2a8SsNvnhC8=
T-2ssp3Ho0ZJlWewbSUv-NVWS9hwdcUFNxOlSiuKkzj0vrmujl2S7eM4MXsliy_PQUAvbMON-ts=
iSbLchiE277LbqKjwfqyfAqIRG_zKfRlCCpJSZfw4HwYoDjYnGMoC5LrC6F1fT2WhIhBiiFtYhE=
7Es4urE-QyWUccSUmnRaWvTc4TSHVaiV1a2wQZzUXp5YDzccmM7fvmrQcjEzm3YJWSGsskMTAYu=
jC2zX3GT_oTGmQoFwD3nqplwt0Rv_MGCdkevUmtssRNJY_BtwbHXq8CIw0om3nV0n70Vs1DoJPJ=
0_4%3D" target=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <t=
able> <tbody> <tr> <td style=3D"padding:0;vertical-align:top;"><img src=3D"=
https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6=
a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" sty=
le=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" he=
ight=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;=
">$2.15</p><p style=3D"margin:0;font-size:12px;"> +1.70%</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=3D3aca56371967418192255878e=
9689713&_m=3D2cc45db35ac6411cb9c3878267960343&_e=3DeJS6jQHbr_d5ftx2pT-tN25C=
n3M7-x0EqJnOSxg2qz4DexI2iFejwLDA7oryEomBHR0jN2x2DU7xjT7xP-lWuqfvgmsF8cV99vO=
CZ1kXn2nSZKWW-Aq79b4s2pM7YseLK3DzZNCsypk94OHKcGg56JqUYTmEV7mEQtX4juHR76nru3=
2YA2rstWw2kh4B-qaQhDpUjUhQ3_XlXDm_wGActYc5aD9HgmOdKO4stSjkme5J1I2PPNbo9DwWR=
5ahTal6N9VxBtKVBkVjeE-iWCusqvFdetzrBme-MRGzlxeoS5XHA3mvOipsz0_OiSM4vZeaVoHz=
XZR4KVe0qHzL_zZeBJxzXGq22QxQhNWWUynu9McdQEat2iJpX13fvmdkEGt4TS8tJIF2IjPvMgD=
3LN2M7aNksvG3DhLfX76IFkW8i-0%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/3aca56371967418192255878e=
9689713/up-arrow.png" style=3D"height:12px;width:12px;margin:2px 0px 0px 0p=
x;vertical-align:top;" height=3D"12" width=3D"12"/></td><td style=3D"paddin=
g:0;vertical-align:top;"> <div style=3D"text-align:left;margin:0px 0px 0px =
10px;line-height:1;"> <p style=3D"margin:0;"><strong>Solana</strong></p><p =
style=3D"margin:8px 0px;">$160.56</p><p style=3D"margin:0;font-size:12px;">=
 +5.13%</p></div></td></tr></tbody> </table> </a> </td> <td style=3D"paddin=
g-top:20px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca563719=
67418192255878e9689713&_m=3D2cc45db35ac6411cb9c3878267960343&_e=3DeJS6jQHbr=
_d5ftx2pT-tN25Cn3M7-x0EqJnOSxg2qz4ca4bDcpoKeLb7RR7ElreQuu2I6faGmda81wrXCCGd=
hBgWqo4HipZKSVS2tyJFwJUUWwXY8-5lChGKVvlEFomiPNEKefUx4LcOmJs35FStxKgsgpAUzsm=
jsuEnMgvLbinsNdDnlkK4HB9XV0_ZkZxGjKIycOUEpcriQIY__UQs_zWrTXwGkDTAH2gEa_g4Ut=
mQ4Y9USN_UYMvMUZvXOlYWE-fFn7GGcS-gQY760eHQ66xzgA6yFimWfl9mk7cAxa1Nax2KeRjf3=
V0RdzkxHEiA5CBLkBvK_5hS2j6DE33fVkR6YGZ0i78oooKivi1ZOeTHsqeKWVqurx2KVMXMZOOu=
MZ4gkaAK7yJizq33SL_vQ8pDNOvmPdgSSHW74gJcK9c%3D" target=3D"_blank" style=3D"=
text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"pad=
ding:0;vertical-align:top;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.n=
et/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca563719=
67418192255878e9689713/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;marg=
in:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Polkado=
t</strong></p><p style=3D"margin:8px 0px;">$41.67</p><p style=3D"margin:0;f=
ont-size:12px;"> +18.52%</p></div></td></tr></tbody> </table> </a> </td> <t=
d style=3D"padding-top:20px;"> <a href=3D"https://links.coinbase.com/a/clic=
k?_t=3D3aca56371967418192255878e9689713&_m=3D2cc45db35ac6411cb9c38782679603=
43&_e=3DeJS6jQHbr_d5ftx2pT-tN25Cn3M7-x0EqJnOSxg2qz68V_KFYIGTl2cHLieG3FXN83A=
4nOnw2pDhiI65gQeNXqeCelCB7Nku7QD4W7m7Y5sHDD3BlR8ori60BY4RA77qirIn4xXUgFTdv8=
J0NQZ65qKarLmUBOjYSsjvGvOmx3kSUDS0E4X9brC5fq0sckZBR7u9ddsz2rXPvnVSqkZuIQtmh=
WY5vUa_DblBEEpbKUM36zNHySovL2nFN4NhciRiMHskJnd80QVVymX-rwphGp59ePBjzgnUnIYY=
oyQn1FkWCJ0LU7TcYT_zx5gyeCmZ71gBt5ila2d6q-Pe_AaLgGYIXi5DGQJYmu2m2yUzwIv6DSW=
Pjn2CpXSIwKfCssWd8escQZFxcxzwVGkXqXu7U5H_bxo38yMUYMuEv3nh8Dc%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/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"te=
xt-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;">$0.25</p><p st=
yle=3D"margin:0;font-size:12px;"> +9.00%</p></div></td></tr></tbody> </tabl=
e> </a> </td> </tr> </tbody> </table> </div> <p style=3D"margin: 20px 0px 0=
px; line-height: 1.5; word-break: break-word; color: rgb(91, 97, 110); font=
-size: 12px;">Price changes are for the past week, ending on Oct 20, 2021 a=
t 12:37 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" 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=3D2cc45d=
b35ac6411cb9c3878267960343&_e=3DeJS6jQHbr_d5ftx2pT-tN25Cn3M7-x0EqJnOSxg2qz6=
GI4NbMTHz6opMLqYg__Fpvruz6fUxRIrOOJwyc_7bWyOhCzv71jy8TjVhwTQxKNF_yNR1_nujYD=
1HdZGuAYkBLApm-yMzZnj2uHUx8Zzumf3fDMnIWnutIO_7jxeZoOeBqNhR1dcy5nTqL5q82mw2V=
fTiLDT9un8vHX2colXg_Isf4tAQxT2ZkzEyg6HAscId8q4m_zgPOQ83sJ-igUTg9YkwUDOGI8Jn=
2Km5bwkmtFGcaDtRYMjODVfRhDQDU8khq32Rrdr-eKSmLpr5-GdvATkizUoHDoDpaEiLZUC8MXA=
e6Nn4WQdsLMFYldhgx7C3KRQseMYQqfZ4y9SCJgdE" 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"https://links=
.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D2cc45db35a=
c6411cb9c3878267960343&_e=3DeJS6jQHbr_d5ftx2pT-tN25Cn3M7-x0EqJnOSxg2qz6GI4N=
bMTHz6opMLqYg__Fpvruz6fUxRIrOOJwyc_7bWyOhCzv71jy8TjVhwTQxKNF_yNR1_nujYD1HdZ=
GuAYkBLApm-yMzZnj2uHUx8ZzumRCadHBU3IDfeg5HGv35zadKr2H3rDF1skI1MY7YJ8eA3_ALa=
KZQmczEsr6M4RPAzR9rGL8qMjYbu5eW-g4wHIOMxbknx11izYLnO647pM3KyHOEJg_x7yJV-3Xo=
o8Lk6lUNHBTGIKucrizgYBHdALLM05OCNcPfA2w9hZfE6hKso80cfwhiqj_fh_4KPN9nPX4fsQQ=
HFD0fSjRTi9u4c98ernAHlLNU_ZUJ1qqPYyDI" target=3D"_blank" rel=3D"noopener no=
referrer" style=3D"display: block; margin: 0px; line-height: 1.2; font-size=
: 16px; text-decoration: none; color: rgb(255, 255, 255); background-color:=
 rgb(0, 82, 255); border-radius: 8px; text-align: center; padding: 18px 0px=
;"><strong>See the latest prices</strong></a><!--[if mso]></center></v:text=
box></v:roundrect></td></tr></table><![endif]--></div> <table width=3D"100%=
" role=3D"presentation" valign=3D"top" style=3D"table-layout: fixed; vertic=
al-align: top; border-spacing: 0px; border-collapse: collapse; min-width: 1=
00%; text-size-adjust: 100%;"> <tbody> <tr style=3D"vertical-align: top;"> =
<td valign=3D"top" style=3D"word-break: break-word; vertical-align: top; mi=
n-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" rol=
e=3D"presentation" valign=3D"top" style=3D"table-layout: fixed; vertical-al=
ign: top; border-spacing: 0px; border-collapse: collapse; border-top: 2px s=
olid 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: 0p=
x;"> <tbody> <tr> <td style=3D"margin: 0px; padding-right: 11px; vertical-a=
lign: middle;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/use=
rs/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5637196741819225587=
8e9689713/dot-1.5x.png" width=3D"12" height=3D"12" style=3D"display: block;=
 width: 12px; height: 12px;"></td> <td style=3D"margin: 0px; padding: 0px; =
vertical-align: middle;"><p style=3D"margin: 0px; font-size: 16px; letter-s=
pacing: 0.075em;"><strong> BIT TO THE FUTURE </strong></p></td> </tr> </tbo=
dy> </table> <p style=3D"margin: 5px 0px 0px; font-size: 32px; line-height:=
 1.26; word-break: break-word;"><strong>After eight years, a U.S. Bitcoin E=
TF is finally here. But what is it exactly?</strong></p> </div> <p style=3D=
"margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;">In recent=
 weeks, as Bitcoin chugged back above $60,000, one category of crypto headl=
ine was almost impossible to miss: the imminent arrival of the first-ever =
=E2=80=9CBitcoin futures ETF.=E2=80=9D Yesterday, <a href=3D"https://links.=
coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D2cc45db35ac=
6411cb9c3878267960343&_e=3DeJS6jQHbr_d5ftx2pT-tNwo42M4EDYSeHg3ThPvIxARs34Mk=
n-nyt_uj8z-8RH94O6nSEeig4ZUs1eTLPJoB4juyh31DZtPbsWkopJZSs161hPPGL88sqPzWh4N=
H90JgVfHuBd-rIVxn8_3qo72UX1crxg3YcFd-jlKNj0zPHsPKdRF0Bdy0E25vhiiu-grclqX2HI=
e78KMm8tswu2Ch02RAaW44yy6uw3k06oYRa_7g3Kn4KesxThtEzF4AUFGMJMHZ6k5cZccZC3y_P=
zLk6u8S3G2n52-hBiMqNtxn0WJ-h8TIMy4GNzFQtrxuw137mHx0QrpGJCKTbWVQpsVCKueVeo9K=
okjnM9kfpa4HkmPNSDwSaxkg5aqM2q1xvvgVQQKUjPc0_noPhIHYKFF7BQ%3D%3D" target=3D=
"_blank" rel=3D"noopener noreferrer">ProShares Bitcoin Strategy fund</a> (B=
ITO) listed on the New York Stock Exchange after a 75-day review by the SEC=
. The milestone arrived eight years after the Winklevoss twins applied for =
the first Bitcoin ETF =E2=80=94 back when a bitcoin cost about $90. So why =
now? And just what the heck <i>is </i>a Bitcoin futures ETF? Let=E2=80=99s =
dive in.</p> <!--[if mso]><ul style=3D"line-height:1.6;mso-line-height-alt:=
26px;"><![endif]--><!--[if !mso]><!-- --><ul style=3D"margin: 10px 0px 0px;=
 padding-left: 24px; line-height: 1.6;"><!--<![endif]--> <li style=3D"margi=
n: 0px; padding: 6px 0px;"><strong>ETFs, or </strong><a href=3D"https://lin=
ks.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D2cc45db3=
5ac6411cb9c3878267960343&_e=3DeJS6jQHbr_d5ftx2pT-tN4iO4jr-swpb-N0TFcMk8nu0X=
R6xcnH_4xIMUEMwNcqOHjVWWn1T71i9hjOrPaoJjqK7ETCnsmE3eW7Pl8Q-Ic8Dmo-gZbA1JAb7=
MqGXOVTNWCxQQWcsC8S2NAFICZ3aI-PGna9ZNdqJlLadDb3SU6kN0_viHKMfY3Bab8dqilQ-S7G=
0zM1hLMzCk8Zcp4KX5OVlgfe5O4aWFfkpuCYcX8zce92b9nk5dJ5f-SLZuGHBRvOUNYjkfA7R-r=
ceveS4QD5flEFhewynHPXwT6Ak51Gvs41UrxMKkViU7GmFgM_L3YXUPV7LR2L0XiwAKm-oZwuWz=
-aZUZPEpi92_EZebMYMgSH-9o-hlxUU-JZ_Z4uyuu9QKet55vtSjhq39Q1s3iq2AgZW6tOJgJ-B=
SLY-7WA%3D" target=3D"_blank" rel=3D"noopener noreferrer"><strong>exchange-=
traded funds</strong></a><strong>, =E2=80=94 a $6.7 trillion industry =E2=
=80=94 are popular with everyone from retirement-savings investors to giant=
 Wall Street funds. </strong>ETFs are similar to mutual funds =E2=80=94 the=
y provide investors exposure to an asset (like gold) or a basket of assets =
(like tech stocks). They also tend to have low fees and, as the name implie=
s, are traded on major stock exchanges,&nbsp;meaning they can be bought or =
sold via any major brokerage.</li> <li style=3D"margin: 0px; padding: 6px 0=
px;"><strong>Futures ETFs are distinct from spot-market ETFs, which invest =
directly in an asset</strong>. Proshares BITO invests in BTC <i>futures</i>=
, which are a bundle of contracts to buy BTC at a future date for a specifi=
c price. BTC futures tend to be correlated with bitcoin prices (meaning the=
y roughly move up and down together), but they aren=E2=80=99t exact mirrors=
 of each other.&nbsp;</li> <li style=3D"margin: 0px; padding: 6px 0px;"><st=
rong>SEC Chair Gary Gensler acknowledged futures-based BTC ETFs in </strong=
><a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637196741819225587=
8e9689713&_m=3D2cc45db35ac6411cb9c3878267960343&_e=3DeJS6jQHbr_d5ftx2pT-tN1=
YmhF7m7wEr5c0YquxyjdgRFDCT-qEtf5_Vr3_3eMh66ZECWMrkAFJ_Pz_E_zcFF1SAeO-xTIhE6=
yllS7Qfyhf9vLcAHjpGdn3KsPN6hDwhTo8m0j8jA4NSODwPA1rF9MlxYC9oQ05s6WVSZ-CzxPcF=
-NiaF48fvL0afD6cKxl9VPsdZSRBW8OUdtZP4eO63gHC1bl96NpR3hj1IJgYuQpH7uwqt3xXAL4=
KVjCxBLPsheWIGVAwGoTcQN_GTTLmttumZdMqnwnYyrzcE1v3JT_PLKrrWgjWFWVqGPQYvtO2Dj=
A4ZcB8G1u5L2_OLV-H4qw7w7m970GbrYzwHPicF7JtOjSkmaOrHOuOu7bq6ghV-ANmhg_b1B5Rt=
BeTrQYmnsERg2e7GHCMZLv8GlWpckuyh2HnaN_bqApWJHxGPxa4MHD8cRTgj3hqEY9UWlnBjg%3=
D%3D" target=3D"_blank" rel=3D"noopener noreferrer"><strong>remarks</strong=
></a><strong> this year,</strong> citing the =E2=80=9Csignificant investor =
protections=E2=80=9D provided by the Investment Act of 1940 for futures-bas=
ed trading (one legal analyst <a href=3D"https://links.coinbase.com/u/click=
?_t=3D3aca56371967418192255878e9689713&_m=3D2cc45db35ac6411cb9c387826796034=
3&_e=3DeJS6jQHbr_d5ftx2pT-tN3R83GwiUE-jsEi2uiVdCgEp_67wlbCMHd1PFyozYI5LcnHs=
zgyhNvXeZ35HemMuxEBcIr-XvTt3G0avSayHxxPRqpbgzpWNkdYITkQkhW5FaqiAs7d4KWtWCfX=
q_0jt4tHLpshKCf9He1yJxwXj2d9fMioMQ1hqMc4ZwnuSBOvtps8kM9pqjQG45B-TzpUz2GcGp-=
UN9hZvle-7VfWFR2hlCzSzvSTM8L3kTsl8miZ7TXi_x893Tg-ZTY3MFGR61ui7yx16aiBDw33_x=
xEa8BS3ySyoQRyE_YgPsMv9PWWb-qz6WuDUMJBpGhVCp2zfOwIfrxny0r-WKPLnxYBSNYJWDGGn=
03R3cWc6ak4e4SmkjKyKIh7hynD2GWk15MDYTg0s4N_I7NsceTReRwSMd7cq4oxdg3vFJMX-VRi=
pkRO6CVuvP6tle0YNGcMlvG3Z4zB8uYyjWCnKDfMdNHjzQZE%3D" target=3D"_blank" rel=
=3D"noopener noreferrer">disputed</a> this rationale). However, spot-based =
BTC ETFs and other parts of the crypto market still lack regulatory clarity=
 (<a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563719674181922558=
78e9689713&_m=3D2cc45db35ac6411cb9c3878267960343&_e=3DeJS6jQHbr_d5ftx2pT-tN=
6hutRsqiEWKScF3Df9EepAx32WNToCLbwAVpJG5tJYPe_3OJUL4BpXuOI0mdP0Btc_Z9GHf2Fhw=
6Xl2i9HjICAtMbau22fsehWaTZZsHN39LTeoG5n0kgH9KALyESkWgszF0aDrB5WCgeiWyAXpJrD=
9mLvG4EW2g0KSthGbtskAy-h_yDvnUfhOSsanZM3P65b7wYOnsQrJTIwJMe4T2GmwJwrWO4EGyc=
6iNkSZZEz4mUnR21Ru-izluzeJJarMKUuBsXDJPVF7iwNL0kh3EvZ8pByvZ8fWEQHjyN5dxYEgN=
NtcY7eH5ktj80NrBdj-UKhLb2xBKSJYFSxlZ8FYBvsZqdYQ6DdXHcgn7yChadQZJFcEiPc3XwwR=
VO3o67cOUR7onN64hew6KPRVPxtG7O9w-S7rhB8nJzaRAahxsv6Y8if7_muCYCcQ075n6CpzKhL=
peVwLw8s-oMhDx9SpqBzoSn47_ClVI3810JQfx4mN" target=3D"_blank" rel=3D"noopene=
r noreferrer">read our policy proposal</a>).</li> <li style=3D"margin: 0px;=
 padding: 6px 0px;"><strong>Several additional futures-based BTC ETFs are e=
xpected to launch by the end of October, </strong>including <a href=3D"http=
s://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D2=
cc45db35ac6411cb9c3878267960343&_e=3DeJS6jQHbr_d5ftx2pT-tN5Wo-7Lq9Uht6DO6R3=
UL2pH_eKmLmDqs_Mtj28ehfE0aBI7a1tJhC4MbXhwTgiH9ep1-t4vBwphT921dPBqgAv0Da996Z=
zf4_rjZwuSw6TcBqex3lVzGWgt_VthAPto6fFhMkqSFEvAdJ8muLetXfYvwQSg57GBljX_S6ZhI=
0i0FDsJLOCZiRFcD2ev3ALEBPpUTw_njiieVWtn_Qn9e1x70wDC5FSqQZFEgyiVg2GDfyXS1cbE=
aHG7u5IGXqcZr-fSEGrmky_Eq9QFs612S3i-qcLF-v-VXtgbgHXfIK0tWZMYFM9iaxCpkQtShBP=
mzHpec0hlK1oRCD35y_yJ71TWmIt2ATOiMu1bJnWEgmP6_U7oVfilCg8ntAyscJiTMZa351rseb=
MPTJLoajHw3-QaL0HZEea-La8tT4Ut66qBWb0JY0s_7fOwDB9oGwzCpPA%3D%3D" target=3D"=
_blank" rel=3D"noopener noreferrer">Valkyrie=E2=80=99s</a> <a href=3D"https=
://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D2c=
c45db35ac6411cb9c3878267960343&_e=3DeJS6jQHbr_d5ftx2pT-tN8NSQJu3051EHHkNvp5=
kmVx6-jEpPzYe2Fg0aQZMqHYNtaGnE5fM7-5CRlLtqC1FmlPeDfC-gVSpPRfR2cb0ffSo1GxWLT=
N4eo_joIjpXC0r2-Q-mXdIYxKQgYvLhf-oBYAmpI_sBmt1TzH182b0uLBp8FVreBFV_roKTitoN=
LU7Vie7Zfec5FaCBue-AHO_n0sBz95xShl5pPnXGHNJkCCLGV6xkOQskPFP9XuDxvCQJ5fMdojk=
Jupcz00dehLpkhNQ8j2JkP4UXSDshucN53UcpuymEcKTp3wjGyWfxCm40z5-A_FifMa5ygRTlNO=
iwzx_vavfeaIAaswvJ41eSsnz0eMOo1vESRh95cMYwRxJjevzA1hfCgCo2AyokQb5B1KVE6aPhU=
qOal3Dhhrm6CX1drbV_WRR7ge_h9gH-tjV" target=3D"_blank" rel=3D"noopener noref=
errer">BTFD</a> fund (a sly <a href=3D"https://links.coinbase.com/u/click?_=
t=3D3aca56371967418192255878e9689713&_m=3D2cc45db35ac6411cb9c3878267960343&=
_e=3DeJS6jQHbr_d5ftx2pT-tNxQZySPK16xMih4quWVULbds39AR2tfZKuXZFpqRqApzJWtzpm=
uAwWpBchyRFH8vn1b78TV46M2gmuxS76-qHSjEa2cD8yj77SJcrh_pX1TX52PeoKAqxk-3xZEPk=
k_qkfLspW-POmcRjofr7zWpWRUEk0XMjK9epgbTwGwlQ4Zqybhh0rHZ88RgA9u93qHTjT5obBoZ=
dityfDiSftPoywBOscXCyesBdYAL10w1Lh1iRgdO_ZDi92Zi2Y6xjfkv7PqRGUAK7Wzg7V-HKMr=
pmXUpS2ZfnqOFlbq6Z1XR3oQu_BW6cwbSC1o1MVtCmPrbD_3zdp-mmNXYKH79RXiwyoZ9-svFmL=
7Wq9OYH8roceeuJ_Z2z_44dzqEkGd8cPu2X431mV1ChbrwDm2xwJU34FZo__YExC6S5DzAYxOyu=
qtcNsM92YpGI7QxOr2twhUeNL7ZN7daopuNlUXX6oZgEwHwsIHuHHWDsxhRjvmt_0TJaKH4S7FP=
VjHu9yxORPD8gi6jME21yqn1rBoIPfmRhBAHj0TWZ0RiOYxvJtdecImR7xJoAxoEs27iRLO1kYh=
Zb8Sb5NKiybSfjT4ziGHjBbVK0G9uWsxzZ9Fkbkk7Kz5qbuEpxgsxVtEfIPh6Ins9s47UIga_PU=
WwhJc36MS7_bA%3D" target=3D"_blank" rel=3D"noopener noreferrer">joke</a>?).=
 In total, about <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563=
71967418192255878e9689713&_m=3D2cc45db35ac6411cb9c3878267960343&_e=3DeJS6jQ=
Hbr_d5ftx2pT-tNx_X55uwkGm1zoOGhdLQhDBSo8v-sOaEJiaZrk83i9DzutkX1Nh7xeqUL2WFT=
MzTbw0G5d1ufvbwnXMvMBpJB24xqJQtdQHmO2KWmMts5EwwlEqZNv-Ihw7GeM1om74WgRnm84jk=
M2vomv9mrVP0Ic2T6K8OWd3bi5ZiWDsEYBqTBK9csPxGOFhpZnj9r6TDIjV9OdHJllI857eFtWE=
WvwV0xrl_obgJPz-6CzM9wYtW21_T3J3hZWdk_rp2DexNDnYdCNlGQoemGYavdnvU-fns9pMnBW=
d6t3Oh74gxDqLPeml_TvVUz0sfxskN76nP8Y8VlB2k7QF7m7MrfuzFCdfurvl0IV1G11TxPrPWw=
5h1tIgScjwFX4E8dLM2xsRkdA9IGLt6ht3bUb88ldti-AH4-FkYAxAlmZzFeCdTpEjuoWzQvzeH=
s0O_T1S60RcaKDXxYCHu8ZkuiApwiDiPr9I%3D" target=3D"_blank" rel=3D"noopener n=
oreferrer">40</a> crypto ETF applications =E2=80=94 including Ethereum fund=
s and more =E2=80=94 have been submitted to the SEC, which has a <a href=3D=
"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_=
m=3D2cc45db35ac6411cb9c3878267960343&_e=3DeJS6jQHbr_d5ftx2pT-tNyJd-vYe9Tscf=
rhwfD_Uj4y9h-2krDlnyaroWM6p-JLBBMFKoOXWoxdWenIcsK5OyErbdXloET2TmjtabcJRnObK=
AfD8I1o6SgjPd-GsPD_irloZpbA7sp5Jwc_fiWdgGsn2CMZ8hpGNsgv63DvZKd_kfAeb2MVAzGL=
g_55qFw2UWZNgFCM2qnKhWDTHvZ5O6B--dq-3dviAZyuPlniUr3wL2vMGOihRwpOZhW0wP9pBHf=
JyxwTMaWWklF22Ia-nY3CleX7eROs5nmc7Wz9Zvkn_GtvFMs21obaPC26Olsfgdyed25UDemJ2O=
oJy2dTpr3X19JZB6jomLhkdJ1T0ef7wk2C5j1oOthgLU6rNq5IlDn0GGaLfGIrillpdEgDazHn8=
2yPeaDBipLzESmLf-69Cs-aeacAj8N_Ycj5dR-A-6T6xA5Hj0CbdZLjY4cN2OqiEHJ2Rs5hvLak=
cbk_gXIcLSero77D5Y73PR8YhMewAlQ7WdOuMgWvmBzVKyuWlDQ%3D%3D" target=3D"_blank=
" rel=3D"noopener noreferrer">history</a> of extending deadlines for ruling=
s on digital asset ETFs.</li> <li style=3D"margin: 0px; padding: 6px 0px;">=
<strong>More than 24 million shares of BITO (worth nearly $1 billion) trade=
d on Tuesday</strong>, as the fund became the second-most heavily traded fu=
nd on record =E2=80=94 =E2=80=9Ca watershed moment for the crypto industry,=
=E2=80=9D <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637196741=
8192255878e9689713&_m=3D2cc45db35ac6411cb9c3878267960343&_e=3DeJS6jQHbr_d5f=
tx2pT-tN1oxcKbSXU1-k6yAbErrCDxZrjk5zacxnf5UlHofvN-4KstvHPkoUw3l1g1zzcXBG2b_=
KvI4hgYXW3s5FsOinnBbU4Lvmtfsn8fJDvXXUMl3tulhGfdT3OmN8a1pSld5gdXcrbMRxqhBzbu=
GTNAtAtpnnTFuDnTCl1KXWnN_IVc3sVXIIscTinC94D1G_UYLkllIjKJrqKmTTqt0NFBMcXM-9S=
Xl__cevrGx83MRnIJYUFZU1gio6uCam5TM0Ks71w_9Q9BQGVR57Jg_3v3abMAPN2MvOWTC-OOkp=
qt81RoE_R_CX9TspNoFB9xz-XbOdGuJfDNXGhRXR1Z7LvImE1duHTRllCMIqMFfHHfPTTcOp58b=
g-OjU3HFlvtNd0_yz-9r79KN16aLEQtJRctkfb2Qyxtw42QSHOqdL5Sb2G60nvxWfTYB4Mxu5qx=
zLJpho7UYhg9M4RsNgLEGaAaroKIv8P-cnSK3Ip8mCAYvua0T" target=3D"_blank" rel=3D=
"noopener noreferrer">according</a> to Bloomberg. Retail traders were hungr=
y for shares, with BITO becoming the most-bought asset on Fidelity=E2=80=99=
s platform in the first few hours of trading. Bitcoin prices rose as well =
=E2=80=94 breaking the $64,000 mark for the first time since April.&nbsp;</=
li> </ul> <p style=3D"margin: 0px; padding: 0px;"></p> <p style=3D"margin: =
16px 0px 0px; line-height: 1.6; word-break: break-word;"><strong>Why it mat=
ters=E2=80=A6</strong> Much of the excitement around BTC ETFs comes from in=
vestors=E2=80=99 belief that such funds could broadly appeal to traders who=
 aren=E2=80=99t yet comfortable with the idea of buying crypto directly. (A=
nd indeed, existing crypto ETFs in Canada and Latin America have been <a hr=
ef=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689=
713&_m=3D2cc45db35ac6411cb9c3878267960343&_e=3DeJS6jQHbr_d5ftx2pT-tN65KVXO8=
1WYtULnZz9tvQqiez69HnBHCmGCE3dZLLaeVd9lOmN2z2o9n7K3yRL8tN1Jd6Ux7j4hKl2nQcr-=
X4j2iLeViKa2xzk_u2HZEnuNzoL2qBtEFoKhBJclc4cIIfC3j0u05S5KMRSR3bdjdrGiy1BS9gG=
65cmAPUMbIYEIXTRG7ugRD2CaU19o1oImt_twt0SQRO0B4A2mwGQ7E3k9sf1YrbvidVoxCeCBtZ=
G4S9Ht-4S74v1sPwfWF2SlZ3NqoWzFqMdQzq8uejf5Hwyya-g3rtzBVCRY2-Ga0hpL-HYazphif=
gWgSUtPLAW9xEo0r1OC7ndK-LBGFitjcsKb55Q6cZR5tovss87AyRN9nyXcbb0AOanFnzgTrEs2=
uBnbqBrqN1Bu2A5z396w9v8hOojWKoHs7tQCzacPUfMS-" target=3D"_blank" rel=3D"noo=
pener noreferrer">big hits</a>.) While these first futures-based BTC ETFs m=
ight hold more appeal for advanced traders looking to diversify portfolios =
with indirect exposure to bitcoin, some analysts <a href=3D"https://links.c=
oinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D2cc45db35ac6=
411cb9c3878267960343&_e=3DeJS6jQHbr_d5ftx2pT-tN_LAMY_HlAeied7aznq1ekO4KZ80l=
M6SFL37UBIFqsYY1LeEjb210mcVu8WaGhvrQisAJM0b1sBQ1goL2g0E8-qk95JIeh0tsqGHCrtX=
qO045N0O_gpvhD21mTE-TaPcb8KfP7T0O0EEz34MkiUkHFYkhbRWJnKmzNOuTwS1RguPls2nt27=
Mc62iTNf1pze4EPiCHSNPEDLL5Kn63nr_f9sx8tVuT2B5PTl_oMd11WIxFfjF3C6SEYJ7FJU5MZ=
2RoOSTyYDhxDUPk7kRZDUgfxBuuzBZLW1EDTsYSntzfBQyZ00b-go_CyFZMBeuJY6N9LLeU0ChP=
SvgJTZttQGQbBvRBT7ng9FcK7CkU_RvAL9bs--6doje2k51k6gjz6eGVkcw4o8AgHaDtj09HZs-=
Za0-WdREWga_r1x3FErO31L8gJohxjO2aUPUioiBT6-5qQ%3D%3D" target=3D"_blank" rel=
=3D"noopener noreferrer">predict</a> that they=E2=80=99ll pave the way for =
ETFs that hold crypto directly. According to Douglas Yones, the head of exc=
hange-traded products at the NYSE: =E2=80=9CThis is an exciting step but no=
t the last.=E2=80=9D </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=
2cc45db35ac6411cb9c3878267960343&_e=3DeJS6jQHbr_d5ftx2pT-tN4iO4jr-swpb-N0TF=
cMk8nu0XR6xcnH_4xIMUEMwNcqOK8ZCOkBO9PUQ44BuGqMHKjau1DDPHID3uOO81PhHb81GeZaw=
Z4i7CkSuxohtVUMQHfdswYtvpDgMD_PEdJeCT7U6iko8zD1e1ktWoPkqjf_k5zNGJENwCMUG1mi=
I-YGRSqYs-ngjJ-Cvd0SVkc28W1nL9A6jgfPVFmxsOmuJhYykSDkJsC4oJk-3qpcE6lGH1h-wQx=
Dfbt_z-nK86oms6stlNGGMwRQ5Sd0KAZS1dFrz65OTOD7yWOxZXOgAoMhnHpbKBH-RHfRc17chy=
uI0FTzrcbcNln0gYv8kRXAcF5ap0ab9yEOPAqLW--T3mmSd9O-LX8dzRsoh_6VopwHZ0ItQAXmf=
iJ-DH749qkpFS8HEvZKbNu6qbtqBnyKrdMqCzUKIKMCSklU3rNOOGQUQxFpA6dR1vfzHSyqxZVN=
iROk%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-ser=
if;"><![endif]--><a href=3D"https://links.coinbase.com/a/click?_t=3D3aca563=
71967418192255878e9689713&_m=3D2cc45db35ac6411cb9c3878267960343&_e=3DeJS6jQ=
Hbr_d5ftx2pT-tN4iO4jr-swpb-N0TFcMk8nu0XR6xcnH_4xIMUEMwNcqOK8ZCOkBO9PUQ44BuG=
qMHKjau1DDPHID3uOO81PhHb81GeZawZ4i7CkSuxohtVUMQHfdswYtvpDgMD_PEdJeCT7U6iko8=
zD1e1ktWoPkqjf_k5zNGJENwCMUG1miI-YGRSqYs-ngjJ-Cvd0SVkc28W1nL9A6jgfPVFmxsOmu=
JhYyw9U4ryqFAkqELa9cN3TFlQRTGgjLiajMOZph6obCQBbP2S3I6V5c7lqcbJ2v80eMs8ZFUTC=
sI8P_3U8jjHrqBQ9ek3H8W67H02SDgGrKOaqg2hee0521o6-hy050xQJWsgGmsOv60e2n4KReTD=
eYwLY7ZGOH3oN7YIiRvDTknhqhU6gh4sck1PDywLgSN_wWzm6Z5L4XWegtpyALnwopDcvAVhEq6=
5Bt32MDEr9p7B9xOmrsVF03LK8XiTV_bhgs%3D" target=3D"_blank" rel=3D"noopener n=
oreferrer" style=3D"display: block; margin: 0px; line-height: 1.2; font-siz=
e: 16px; text-decoration: none; color: rgb(255, 255, 255); background-color=
: rgb(0, 82, 255); border-radius: 8px; text-align: center; padding: 18px 0p=
x;"><strong>Learn more about BTC futures</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> NFT UPDATE </strong></p></td> </tr> </tb=
ody> </table> <p style=3D"margin: 5px 0px 0px; font-size: 32px; line-height=
: 1.26; word-break: break-word;"><strong>Crypto is booming, so why are some=
 major NFT projects struggling? </strong></p> </div> <p style=3D"margin: 16=
px 0px 0px; line-height: 1.6; word-break: break-word;">Bitcoin broke $50,00=
0 for the first time in February 2021, around the time Christie=E2=80=99s <=
a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e=
9689713&_m=3D2cc45db35ac6411cb9c3878267960343&_e=3DeJS6jQHbr_d5ftx2pT-tN_LA=
MY_HlAeied7aznq1ekMIlXTvtCa0lPF5DdcOlVyNq0qZH6pkgz6IqoyQByHt0fVwvBz4_ALQoWP=
faT3YTclndxV3rIVVs0D3-3rY4RJ_bnBC2msIuw5eHVgEJayJeKUTMRoonUoghSOItwYYN6JMQ1=
DcL1dOLbygF6APiuCu_oO63EPblzz2-CEpDPQfa282k-uFPHmiVrKMhObBuQaMuZ2r_Jot8gh6d=
6vQJsiNBdSCCgv-eAz5rzMo3PrHepb5F2Pn6-U1GTImmIb5AzQwU8CEhS3bFzvH-Chvd41l0Cgy=
gXYjunVF7yib0bsvA8c_a_IDLXO7Dr6Y-Tbj_ONfEYYsKTVEkVhgoh1cR-_xNxXyy988YII1K3D=
c5v-0DLY1b4R_vwbpPffKikpW-IsOg96R_zRxSxlUXr20JDk2V7HY5P2X_T6RV_Xp-foGQ8KTbA=
nB8SOq3Jj6Dtz8KkM%3D" target=3D"_blank" rel=3D"noopener noreferrer">auction=
ed</a> off a Beeple NFT for $69.3 million. So you=E2=80=99d think that cryp=
to prices and NFT sales would be pretty tightly correlated. But that hasn=
=E2=80=99t seemed to be the case. Take August, for example: at the time, cr=
ypto prices remained depressed, but NFT market OpenSea <a href=3D"https://l=
inks.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D2cc45d=
b35ac6411cb9c3878267960343&_e=3DeJS6jQHbr_d5ftx2pT-tNyfibOxyGHQHlOxNejhHSDy=
VTzogwKTyVJp2OFNPYWUQNUp6gWlkfrdSfTEhzli1c3fg-_Kbd5se2uKtW-LHZabP3MpJj9YTrB=
D8Q53FaHCO9Gmst-AEWhOFTZtbNWeP--sXskdOzRcC-36vrWLyk6cfDIODNLvmANEloE5P-i-ow=
Qh423SyMpjOjvwV5dIJ25npzMdOtxq-faZyog1isg43JkEYjQ0MDC5RGDAf6emlKB54ghnIQh3U=
2UM6lT3oLDwJOMBGPnzoSKVKmReQ9liucWgo6jvRiJYdmf5ICTL9laLtzTHeMB4aBkv13NyQj3F=
bcCG5eJuSOf1j8n0mO3kEaDkWMO7o34MTkB5JnIfGL2d5ASWD5k78WZlJ5e_KBu13lcJK6n9G8d=
fLIjQKDYub6LzE_-8li4-oIujG3QkZ9iyxR8cYUWK1dzYw4vPMqB1SaxFr1Lab-CK4dXmQ_abIi=
gauAB8nZinVzCr73X0ooHqA8uxF7KXPCaa-SV964_ONyrdyJb9gUXGTBinYUEk%3D" target=
=3D"_blank" rel=3D"noopener noreferrer">posted</a> a record $3.4 billion in=
 trading volume. This week, however, as Bitcoin came close to spring=E2=80=
=99s all-time highs, many major NFT projects <i>lost</i> steam =E2=80=94 an=
d OpenSea <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637196741=
8192255878e9689713&_m=3D2cc45db35ac6411cb9c3878267960343&_e=3DeJS6jQHbr_d5f=
tx2pT-tN7RjFNqiV6QdCAuj26gCVUSpPFRF9_Jle0C75brqDQQASlJV1JB91t51CHCkMT5bDSmx=
hY18bhe_LkU7aO6fAlxDARlcUQva5RBLLhzbfmPxUrub9OVXVxOgrpost7P8eGnYe8uZ3fegDR9=
0U76xnoUUj4m7qcM4bDvg0kpAJ8BRxFGSIOCKd3cH8Djuj1tT4kc6iwU1AC0BY1SLQKrkSTUqD-=
1kQazy2egTC6ZAIsHUEUU2OvlYXc2bHTKwNQvhlHcoHR_GoO4K-z9FjjtXbs-H4XkMVadrK_QKv=
KFxRI3WIme4m2f3crD_SbySiB44YAniJP38fGrIGlQAJXpvh0CIKhD6VqsF3qhEWZR8mpr4huu-=
SwFXcYHRKBz9BUqpFQ%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">log=
ged</a> a roughly 30% drop in daily trading volume over the last week. Time=
 for a closer look.</p> <!--[if mso]><ul style=3D"line-height:1.6;mso-line-=
height-alt:26px;"><![endif]--><!--[if !mso]><!-- --><ul style=3D"margin: 10=
px 0px 0px; padding-left: 24px; line-height: 1.6;"><!--<![endif]--> <li sty=
le=3D"margin: 0px; padding: 6px 0px;"><strong>Just weeks after notching the=
ir first </strong><a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56=
371967418192255878e9689713&_m=3D2cc45db35ac6411cb9c3878267960343&_e=3DeJS6j=
QHbr_d5ftx2pT-tNzqs10skqt6uMiiJN7NzzBfdRkPqFk1XT-YvD8NM3ZcoLBRnM8yiX_X46do8=
Y8OiYj52BvWOSp1tg4IfScWNSPXImKuui4EvrDgpYGWawN-0xNYQOrg0kaI0ZoWLJvx71mVv02T=
tk4ij89X-vXhbizSD3Pkz9F1A77kMEBANG9x7CwShw1W0L_L8-rl_0I3BrDmcK2NSBpPYxc-iOL=
_4zshYee9KuMmK1yut4jbo-lYZblw2HLMrjstx-6viWEXNzN-OudEiRUbrprQ7Bp4NK23ReMKNs=
zfqAZiZ3m1SyrR0GIoqLEc6oOvvX0Ry34x_YdLr_xNbDD1yTMGMDZaBoI3FPL6i55jXwoDej9uA=
xVhfJ2Qq52rUEvk69hxIcrEf5i3e1FJ6PzJ9PjoWQlu2VZlfzqVlseohnJySNKJywRvM" targe=
t=3D"_blank" rel=3D"noopener noreferrer"><strong>$1 million</strong></a><st=
rong> sales, Ethereum collectible projects </strong><a href=3D"https://link=
s.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D2cc45db35=
ac6411cb9c3878267960343&_e=3DeJS6jQHbr_d5ftx2pT-tNx9l0Wam3Ys6LGZR6fUUvAYygS=
CF07zBhbbssT-m_Ii38qOnsbd4G0WV8aVPZGEsCxQ6BDawXxNy7rY_9xOivuSxH4jtA8XJI85-f=
44EF7OCyv06DEUtVy_G1WHwtf9hBirhRoAfDy_tC4gHrYsLKmfFjtf5rEtZT9SKGFoOXD9rJ5MR=
ewq4YEQT0VQAARmiRBWoVerETesk2qQN-AkD3mONy_rfn9Lh7_i9S9YqMowTeRCz7iQDP1UbRUn=
OZ4gbmN8FiLN8KbAs9KdDS3JFfIO7bETE9-DEnW2gqNBj9x4_oe0C8a7jjE3mp8yFR0qPdwfUMD=
8T0v4BXeX97iKHhvyBt7ndDLKSj1uv__GePys5QG0ur22iWCIlhV9Zk7C7qNvXU8VuHfoyxv1Q7=
qYpvXk%3D" target=3D"_blank" rel=3D"noopener noreferrer"><strong>Cool Cats<=
/strong></a><strong> and </strong><a href=3D"https://links.coinbase.com/u/c=
lick?_t=3D3aca56371967418192255878e9689713&_m=3D2cc45db35ac6411cb9c38782679=
60343&_e=3DeJS6jQHbr_d5ftx2pT-tNx9l0Wam3Ys6LGZR6fUUvAb-JKc2mqlxXsiUq3lN7ESP=
ssUZp9ePqrLX5RfeSKKO6BgpQRpzgy17mK03yLrknoe6oIq3Z4fg_AEeNESY7gvkKVBFcvkwRFv=
dHgd79sPz73Oik29PIeM2yITqAJOohx116W4UpfNguh50tdBs_o27ys9D2zCM_koc2EaCPVmnx2=
Z1YGK5LL_KIUjDdO1UE7rxjnc53bWHVC11oTptER_C4WwmqcskKhVHCQWLHZ-sS0rwh5KtkcPn4=
c4cfyMenkFJbYPLIAhSC4KqbWX38uZb8BuTnnXqjlAD0NyypqGm7nIqrM9_S3LIZtmyQ-m92lsF=
_bzu1MFG2u9h0gwbCNbeExqchwTVyvEWCXYdSAVc6-UzLzn-JvmTEGaDYWRQcOU6fQhNzc8TFMW=
1uwuQ4ApP" target=3D"_blank" rel=3D"noopener noreferrer"><strong>CrypToadz<=
/strong></a><strong> saw their </strong><a href=3D"https://links.coinbase.c=
om/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D2cc45db35ac6411cb9c38=
78267960343&_e=3DeJS6jQHbr_d5ftx2pT-tNx_X55uwkGm1zoOGhdLQhDBGhI7-5WtpoTpTqm=
7DPk8pLT0xdJSVOZoWOwtdR3RAHknsmbspTc1YqBljLU_hgQWcIUMJXUb8mpsklUyfByjCdRAG7=
FqMmKwYdNnxlIYV3OGOngSMW7xEM1zIUwhkv0pyOLlyn8_nzpeFRE9a2B7kPVDu3E_vqpubj9lb=
N7ZednBoD1l8jVFNgs6meieABQ5DA12zSwLF_N67S4jHoeIECiE5zMCKRltY0tqv9mRL8_MlzzO=
QlmlmyDS3wRzPXrjrBfC6MPPw1XCWt58POZ4LZ9wzpSbC6NG86Rz6IPE527J71vca1nQlttIgBc=
xMzRMV5F9uvHLTN21rImHxthAs4Cs5M4-4Q283CD15Y0irIGElURfVNRuRyJSBSRVVofXnr0F68=
iP8KsuF4CBuqOYqdLO0ERayLvLN8_AhCZBv1sZ81wnA1Jjbv0-SSbQDWLM%3D" target=3D"_b=
lank" rel=3D"noopener noreferrer"><strong>floor prices</strong></a><strong>=
 fall sharply</strong>. Meanwhile, Degenerate Apes, the avatars that sent S=
olana to all-time highs in August, <a href=3D"https://links.coinbase.com/u/=
click?_t=3D3aca56371967418192255878e9689713&_m=3D2cc45db35ac6411cb9c3878267=
960343&_e=3DeJS6jQHbr_d5ftx2pT-tNwHuzj-t9T6E1I1XVy35guis02wnwbhij-EEozDK3Me=
N1NLLsyvU8bxl62bgtV3Ff2LDS0ux55QjJ3rZADmXDtHt2S1hZU3eS4QRlCNHhlBa3K_5HudpM3=
kwHCTTazuUhSYbjzSiyXNXyLPB3TSLPXmzZ1wU0aocKhyYEDxDhimOaL4XhhSbxrk0uGXmXD2p8=
0_daPx4PXMi8rKDWKf4aLys3bX3mXDygBDuDCyb6AAGnGumiSpp-sEiOYp7xdHuPhNQvRc1Ftfq=
jBk2qrlyJn67p32Ro_3KCloQG05AOBLjfUziV71y7Damb917QJs2NnfWhBTFfMFSX9ATI2QpPLS=
7wxLj8Ov8HOSIiZLU_57NxyGfbDcCP_zCJvlgKjk3AA%3D%3D" target=3D"_blank" rel=3D=
"noopener noreferrer">posted</a> their lowest average prices since launch o=
n Monday.&nbsp;</li> <li style=3D"margin: 0px; padding: 6px 0px;"><strong>A=
fter a blockbuster $60 million launch last week, the </strong><a href=3D"ht=
tps://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=
=3D2cc45db35ac6411cb9c3878267960343&_e=3DeJS6jQHbr_d5ftx2pT-tN5PuquHttNDNa6=
u4Bhnqrze1vOc3l5zX6RFyVqiqvQk1LrS1yIQ5ETLn-IntXMzZ-ik1G6aEWT8p46c4YGn9NoEmY=
0CCJnV9hz3vuAxVqNEHfLXCzJw4gvCZk3bEDoglsY8mgV2Q61ap_eX12NfvTYwfWN7bQFOuTwQc=
ngzT2rsndaI9W3WPl2OvVtwaJFx9Yw8c_jeclv9rshlnLjsfo3XQjsfLbObU1l4onA6mMnFf-aZ=
MXWJSitN9_jmSySjVUAUlXyAETxiyQDm_r12EMZPYcoSj3tHgwrvLKw1YX7-pm4NCMurMKBS7Pi=
DSfTh_vCS7N9ymvrVNc4IQPQcgJsXnBgTSa6r66qtMqMYvLDPhk5_cEcCpF9trD5BbkRhv33PuE=
7SsS_dgflGO_zOQRVA%3D" target=3D"_blank" rel=3D"noopener noreferrer"><stron=
g>Gundam</strong></a><strong>-inspired Mekas generative NFT project shed va=
lue</strong> (from a floor price above 7 ETH to less than 2 ETH on October =
15) after some major NFT collectors <a href=3D"https://links.coinbase.com/u=
/click?_t=3D3aca56371967418192255878e9689713&_m=3D2cc45db35ac6411cb9c387826=
7960343&_e=3DeJS6jQHbr_d5ftx2pT-tN7ckiUoD-JhhWEUHEwXEwCW2Be_wLyaNGOmHiqHlzO=
elqOxMwpwQcpQEKEOuzBquVU0z6_NelZTDfK-gpznASca7T3My78ZUrEQ9dQ47c-TTX7usiinVP=
fHn0l64jSdCkQvhDTZTKKns9g1TeZ8f4HtWp3u0Hi_SU5OG4QkdQXJa4JxAhKjM4fWEBIqHCHMD=
W05hYxswqHoibxdZ2eaN96ZpmOs6-Gld2J7ejuIxtGXN1Ax8iasAwrClmcqSN5oZ3BcY8LqIxDR=
Fw2BtY01RmNSRJ0a5kE3yT_PKM5A39PtlgGMPKv5SSB3qeD2AxvVbO1JDo-o_88t2vRXvSRd4kk=
b9sZblpQVFhOpwvJozzBQUSscxC7NClA4cO9K-52oZg_NsxXVAHbVQhEYVzYNZ6u-suZYkNssTG=
aTuSHdVxx995pUDThj8bQMesxrbPqWWfQ%3D%3D" target=3D"_blank" rel=3D"noopener =
noreferrer">claimed</a> that developers had rigged the raffle system used f=
or the launch. On the project=E2=80=99s Discord, Mekas=E2=80=99 developers =
insisted that =E2=80=9Ceverything was distributed clearly, fairly, and rand=
omly.=E2=80=9D&nbsp;</li> <li style=3D"margin: 0px; padding: 6px 0px;"><str=
ong>Even with this week=E2=80=99s declines, October NFT sales still seem po=
ised to match August=E2=80=99s highs. </strong>NFTs that maintained momentu=
m include a new drop from NBA Top Shot, featuring Shaquille O=E2=80=99Neal =
and Dwayne Wade. The retro pack seemed to <a href=3D"https://links.coinbase=
.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D2cc45db35ac6411cb9c=
3878267960343&_e=3DeJS6jQHbr_d5ftx2pT-tN6Pujuea7_H36XJ30YY1qYgHQjYSWIMKCGVU=
Hq1LPJjkog3nNiYepzI-uQH0QB-CL0Ql5G1uNusqKna8p0kHp2c7mqem3e-ap9_krrath_y9vxF=
aNr4llmTWQzVsJSCd4cbQRSUwLdA_zqrcvGrkUPp_4g2_dXqAdFunYunpcl6XZy_MMg-FG5PCuX=
ixhCFw4S99gzU3c8LtdC0_bl3WhJROWHiPhCYsGi3zvEQ9yCSUXsSH4AY8KMI8yKHm-V7ZobTU3=
BJuvrYTszu3tYtNQSHEyLz8Xyr1r1MJ7TDYOFgrogaPNJbk26kXvM7rAymk2Ghst8gQ57i-m_zz=
qjmWzatXybsWBZalKMyViiAod86x3Qm6tBYhzufiRlVlEA38BkJJMs6Tbj-ru15tvz7UcnAdDW6=
YlSIoEaCjzymakEuHCrvEVmLUmpTzr6tDO4pRxg2btWPYdD6tKJ8LyXevwl3U-ichVnGCW39djJ=
0YEnA71YY-2AyTw8PF78-ZrGuatPaQIKZn7BOv05ofeBYbcm0YoAvwQTFmNfwKY6e4DBTAoJOZm=
2SfsFJj1WgrR6qYAkyBgUuIuOroYcDHRenddFMuw2e3-YDa4-uKAPCtIcLBZXQK_cT_L5yeZnc6=
4vv2mJpp604jZcANaogdMEMtJqQ%3D" target=3D"_blank" rel=3D"noopener noreferre=
r">renew</a> interest in the collectible marketplace. CryptoPunks also <a h=
ref=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e968=
9713&_m=3D2cc45db35ac6411cb9c3878267960343&_e=3DeJS6jQHbr_d5ftx2pT-tNx9l0Wa=
m3Ys6LGZR6fUUvAaAYhbFXyMXmzcB7eUVIGx5KdPFS_r-2_Nb-ris_dW77oZwJKeZyZY5EzXZq0=
IP7qhGxtvkQ5ivDusikSraPL05xVx1UFsYohg0cawUa76AUlUua0Au1pkXdeeA98rkFEDBROdUL=
uHhXJjCEtTGD74afQ6g3TfILtvQDsNeIejSizRwvMrQpRbnS4XzTu6QyXPA1qAdY2c2SL5HvjJQ=
iVQNf3qyajennArHKLYpmz0Ek6ok0cDIMkX883gYyuhaJeA5l4h_dkpuD0T-8hImQ_dIgEXEWOT=
jjt37KQggruLFI6Z7s6TylwzC_rf795gTqrC8MEqjEfwxGw7KGa_UJoeS8q_XRumEB7Km05v6VE=
-IL1eH7-tX_MmSrjF7NW0CqNk%3D" target=3D"_blank" rel=3D"noopener noreferrer"=
>held steady</a>, and (in case you were wondering) the lowest price for a d=
igital pet rock is still above <a href=3D"https://links.coinbase.com/u/clic=
k?_t=3D3aca56371967418192255878e9689713&_m=3D2cc45db35ac6411cb9c38782679603=
43&_e=3DeJS6jQHbr_d5ftx2pT-tN9jYtVScuNC8bcq5PKlCgwGIwRRJZOsp7M1_pNl5--f8sZo=
H2ithOnA9lLRoGuEHatGhbtK4f0QSchImp95aYKXeXzbJaOLPHxmOt6O1zPsqhh4SSe3eU7uXm5=
Zr_96vPNWRhl7lnU4Zieyw0WNR58Z8FoQ0Ks3zg7Kf6q5A7s-uQkG-f5R3KPJgAhPtQ-0h08qje=
PQim5d38q_iVg5YG-Qq8FjtCnG1yNJdJPBBHtRiROnSAVHSSvjF3wXcN6jSdIHfbr0SWSM6x6Ks=
LzFWZPyv5GbV1E91GRGPirSI-gKmD5a0vRx0INY2K9dKoIMM8AU5S6NVUGUVwVSPb42Uki-y-Ja=
Ez-tKCabxJQu1YAC1U2AjWVqdMC12P8A-MkspiS3xenMi1EbY0J4-v5VT502jz3pRwUHVsOC9QU=
jdrPp-" target=3D"_blank" rel=3D"noopener noreferrer">$1 million</a>.&nbsp;=
</li> </ul> <p style=3D"margin: 0px; padding: 0px;"></p> <p style=3D"margin=
: 16px 0px 0px; line-height: 1.6; word-break: break-word;"><strong>Why it m=
atters=E2=80=A6 </strong>When NFTs first took off in early 2021, the thesis=
 was that crypto whales, flush from the bull run, were looking to park some=
 of their holdings =E2=80=94 and that NFT sales would cool alongside the br=
oader market. But when crypto slumped this summer, record interest in NFTs =
led creators to mint collectibles, <a href=3D"https://links.coinbase.com/a/=
click?_t=3D3aca56371967418192255878e9689713&_m=3D2cc45db35ac6411cb9c3878267=
960343&_e=3DeJS6jQHbr_d5ftx2pT-tN4iO4jr-swpb-N0TFcMk8nu0XR6xcnH_4xIMUEMwNcq=
OYaSBAC1E-DoKqM6qmpo46JrmqeqKCni0E0ifiw81dCfS_UjqYfPZ52K_GMqy4E5gFAP-sbn9z2=
dK3P01mbMOyA4Gc70JUpaE9z1YAyvEJ-o64ExBO6r0y6F1sWp490_0MZeD2pOAucC-bf7m4F5oq=
sf6aCOb_pDBj4x2SIaU8ul_Z7ZlWm4KeuXLDaCK9KpuDozdtp6BSIsew8a5N5Ibyb1Th7oHEHuu=
C17d7M4gQHw9xLXe62fLs4qCdgpH2OhoZuTs-AVirgsURmIXkk2kto8i-oI9ZnLIdGds4l8wd1p=
4rNpcf04nVnqVaI6cvl6rJhyx-C0eta4AwSnsVa2Ow4ZIwjusMvJ-izRuap9YInWNMOwU28uf6k=
x2SbH9MGfp" target=3D"_blank" rel=3D"noopener noreferrer">in-game creatures=
</a>, and tens of thousands of unique avatars. It may be that the vast prol=
iferation of projects makes any single project less buzzworthy,&nbsp;which =
might be good for collectors who just love the art (as opposed to speculato=
rs looking to make a bundle of ETH). But NFTs change fast =E2=80=94 an exci=
ting new project, a viral artwork, or a rare <a href=3D"https://links.coinb=
ase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D2cc45db35ac6411c=
b9c3878267960343&_e=3DeJS6jQHbr_d5ftx2pT-tNxVAWEh24TXOl6ZciIMdaxsJ5WA4soQFr=
w3S_t6N8W6yQMjqAo2gKXlpk14xib6KNtphCbqWhsCANciu33ReYndnW_4xUQRafYXv8r_QpOgV=
LDoXyg34iUjiCbOqPD98AVEhaGO06HrT0rXdkza2Hvzya6XIGRK1dYlldWmM-mMf9KJVwlbNhxG=
6TerVQ5hBAK21qWZu9ZQFuca_VwnbyYkvZ9ugV5TPp4ALAZO2jSv397vJaMpBLalZp-m6_PaqXt=
WEBDvWa2mK_JQO4u3ak9pG77hH4ePptTGj4YZgZtqItlmAf6Y7pL6VWJn7VFgNNFx2x4pw_GEBx=
eiwtLU1r9CYCnwmsi_sniQQ4m2UBsntk8zq8YmaIRqkx-8WT3mcpOKEXOB4wq96-ewYCxu0fzg%=
3D" target=3D"_blank" rel=3D"noopener noreferrer">zombie Punk</a> can move =
the market in unexpected ways.</p> <div class=3D"cta_button" style=3D"margi=
n: 24px 0px 0px; padding: 0px; width: 50%;"><!--[if mso]><table width=3D"10=
0%" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"border-spacin=
g:0;border-collapse:collapse;mso-table-lspace:0pt;mso-table-rspace:0pt;"><t=
r><td style=3D"padding:0;" align=3D"left"> <v:roundrect xmlns:v=3D"urn:sche=
mas-microsoft-com:vml" xmlns:w=3D"urn:schemas-microsoft-com:office:word" hr=
ef=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689=
713&_m=3D2cc45db35ac6411cb9c3878267960343&_e=3DeJS6jQHbr_d5ftx2pT-tN4iO4jr-=
swpb-N0TFcMk8nt42FaJZRbOzWSrcwPsSjekKB2neNmp5f_jfKHOcnqTTAmoL8Y0GQUH-1TmpWr=
lrQhPsdWi04yddLfc0o0L5p1qnhcLxWxlOpk464_DAFRwMFL0_7TT79MKX6V8J9F0jxvkjNEpaI=
CJzp6VsFIa34iSPMwM37N_1mWcnAiQU2Bxr4dqZl7vo05DfiQv0ThxlaoG-BYjI1IYFW1nGjzLk=
Xb5VRCexTOgXeVaVNIhNYXicZ1OXFnkMkPWvlPO9futoDuJZh3VELUsEMON6vyMZC8IEyWcZitA=
GkM0ZfeSnis_XvcVBB237cO0XlUBhd7szLBU4nht8shsHVUue1a8qvRgs4wFkxoqq0pffRlOOwa=
FzhXGZ9RIWzMwmPaCngmYLM0%3D" style=3D"width:350pt;v-text-anchor:middle;" ar=
csize=3D"17%" stroke=3D"false" fillcolor=3D"#0052ff"> <w:anchorlock/><v:tex=
tbox inset=3D"0,0,0,0"><center style=3D"font-family: Helvetica Neue, Helvet=
ica, Arial, sans-serif;"><![endif]--><a href=3D"https://links.coinbase.com/=
a/click?_t=3D3aca56371967418192255878e9689713&_m=3D2cc45db35ac6411cb9c38782=
67960343&_e=3DeJS6jQHbr_d5ftx2pT-tN4iO4jr-swpb-N0TFcMk8nt42FaJZRbOzWSrcwPsS=
jekKB2neNmp5f_jfKHOcnqTTAmoL8Y0GQUH-1TmpWrlrQhPsdWi04yddLfc0o0L5p1qnhcLxWxl=
Opk464_DAFRwMFL0_7TT79MKX6V8J9F0jxvkjNEpaICJzp6VsFIa34iScyIzjT8aKR49qcpzJ6F=
tK7Tb7Mdv1s71IgBaCxjg2fzg2bSWRxvUoTrO9W_aARhsSqGjJKKgRcvdVmituwZGbnYrZGC4Q9=
Rhuo554DhGi5p6QTbCLNiFg0BKdIQsI1liezb82do1dzYYCDHPAD8HwMBEpYLfbeji_DFhL0BMp=
c22bQicDRIBFUuIUzQ2Xppalvcu0RqqGVV3egsDknNafkh97nrNMUNZTTTA8ric5p4%3D" targ=
et=3D"_blank" rel=3D"noopener noreferrer" style=3D"display: block; margin: =
0px; line-height: 1.2; font-size: 16px; text-decoration: none; color: rgb(2=
55, 255, 255); background-color: rgb(0, 82, 255); border-radius: 8px; text-=
align: center; padding: 18px 0px;"><strong>Join the Coinbase NFT waitlist</=
strong></a><!--[if mso]></center></v:textbox></v:roundrect></td></tr></tabl=
e><![endif]--></div> <a href=3D"https://links.coinbase.com/a/click?_t=3D3ac=
a56371967418192255878e9689713&_m=3D2cc45db35ac6411cb9c3878267960343&_e=3DeJ=
S6jQHbr_d5ftx2pT-tN4iO4jr-swpb-N0TFcMk8ntJ45fxambjRmGen1hCMQOMYBigXdQeCPr4G=
GfIoxeK4xQU2261kamaoFem75gUlJODg36097soJ0FGl497FvjZyHmKFNednjqTuNIXPepVorED=
dBZK0HDPO5WGgYJG6GjvcxBoGPba3Dot2nLt5FOEy7h661o1XVhO789QDRRqJwcbPMLveV_bLxJ=
TI-1LRCP-E9dHhTOhfHSWSSsoONUeBhK4YXlD-VoI3xaw4KM4lcmEtIcMIZ2xZfVwVw9EViUNF0=
lmDJpMr2PF8mtTkDjgWTnUnTKJikyCfh5EdJOnOePiq-pkXFvIrLXqI3a87EXuoktjh_NQLIlQu=
CilWaGPYr_0avu0bnkUj099JQJTuiv73qVtAs3Yg2vH3WjKuOA%3D" target=3D"_blank" re=
l=3D"noopener noreferrer"><!--[if !mso]><!-- --><div class=3D"desktop_hide"=
 style=3D"display: none; max-height: 0px; overflow: hidden;"><img src=3D"ht=
tps://images.ctfassets.net/q5ulk4bp65r7/7mlKQeAllyMjMYlTQzfzR7/bad1ff961d9d=
12ed809ae019db575dc8/promo-mobile-referral__1_.png" 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=
r7/7Lujvt3AceTqWD0VnCjFAJ/23b9a926cac26787c887eb027fb59d95/promo-desktop-re=
ferral__1_.png" width=3D"100%" style=3D"display: block; width: 100%; margin=
: 64px 0px;"></div> </a> <div> <table style=3D"margin: 0px; padding: 0px;">=
 <tbody> <tr> <td style=3D"margin: 0px; padding-right: 11px; vertical-align=
: middle;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/I=
ntegrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e96=
89713/dot-1.5x.png" width=3D"12" height=3D"12" style=3D"display: block; wid=
th: 12px; height: 12px;"></td> <td style=3D"margin: 0px; padding: 0px; vert=
ical-align: middle;"><p style=3D"margin: 0px; font-size: 16px; letter-spaci=
ng: 0.075em;"><strong> TAKES </strong></p></td> </tr> </tbody> </table> <p =
style=3D"margin: 5px 0px 0px; font-size: 32px; line-height: 1.26; word-brea=
k: break-word;"><strong>Big Short investor goes long on (some) crypto, Morg=
an Stanley CEO says crypto is here to stay</strong></p> </div> <!--[if mso]=
><ul style=3D"line-height:1.6;mso-line-height-alt:26px;"><![endif]--><!--[i=
f !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>Wall Street bets=E2=80=A6 </strong>During Morgan Stanley=E2=80=99=
s Q3 earnings call, CEO James Gorman addressed crypto=E2=80=99s longevity. =
=E2=80=9CI don=E2=80=99t think crypto is a fad,=E2=80=9D he said. =E2=80=9C=
These things aren=E2=80=99t going away, and the blockchain technology suppo=
rting it is obviously very real and powerful.=E2=80=9D</li> <li style=3D"ma=
rgin: 0px; padding: 6px 0px;"><strong>Bitcoin faithful...</strong> Addressi=
ng Congress about the U.S. <a href=3D"https://links.coinbase.com/u/click?_t=
=3D3aca56371967418192255878e9689713&_m=3D2cc45db35ac6411cb9c3878267960343&_=
e=3DeJS6jQHbr_d5ftx2pT-tNxmlz_ua71bjAHnKoczBzCAJHjh_knTnL1ttl7m1uqj-ldfkmvN=
XBf7sX3pBb-7ImACG_xjPPySWPl8l8GO6VX2-3NA-_GI8IEj-s07UIYO7CJ_kQi9BlPs4zWwbz_=
SVT2_ok8X5oTBFkwxavOIoLQPLnwFWKoqqtxJF6qsXwtf7RR3WYwLv6X0jRmwGZcV6LR9rfX17s=
RS3Qkbu1h1kMfbQrPhOrq44XRyqv418hz7YPwqt5MBQKAuD2faMNJnF5X80LEXLsdegifQuf4op=
vHLG3-ZLiJYuySC94R_MIRd7yVjCMigifA6A-Uwvkz_30HupbxP_G4_G25M8nEL6QeIGr3XG0TZ=
29ZcK-yJV9NBIHPxzzKQgUp1BzrgCHP5RY_NstTjUdnb5HN2HNBhh_JIAdfy5Vt9Bpt2U_XaWpZ=
oGSPnYia3e6MYQhzyaQqh3cw%3D%3D" target=3D"_blank" rel=3D"noopener noreferre=
r">debt ceiling</a> showdown, Wyoming Senator Cynthia Lummis <a href=3D"htt=
ps://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D=
2cc45db35ac6411cb9c3878267960343&_e=3DeJS6jQHbr_d5ftx2pT-tN7oWXJhBLeJJswpi4=
HHJq6fOcn84UVTsMYrC3qwKAfjG7I5h3OpV8b-RNH5ZKmjK8guSdmxFO1sh8WhFiQhaIN-9rEAq=
7EEOxQbXyLuGandKvnV3G9akC_SUc0uYlbJyRk0Vd7_vKPFa7LDN8V94FzX3f1DVhxGTCjK_lbI=
PW_UTGeWcX5xpVDYkgtH7Q4GWbN2fGINNeaTADEopfutetHzBe1U_Jzir4fuScCQRIb2vTvXghO=
Oz9j14QpB5KLD7fC1ycLV1gJhTkc-ncmtX9uHzasUmpOlVoJsmB59hSM9qtcXkpFDeIxGrjVCx7=
SGo9TOLpvuTyxAS8F4JwBxl5LKrb43jYXxYLOlsFM8Dn4BVgJuWrnpU7-pwwY97hsUJCi-xtSeN=
DMnTTlcHxyjAI9v2p8yYa8S1AVS85HQvlO9khGul4c2z7-Xec201OPi8G2znYB6Fc4SmZ0bxXxa=
gqMk%3D" target=3D"_blank" rel=3D"noopener noreferrer">said</a>: "Time and =
again=E2=80=A6presidents of both parties have run up the debt irresponsibly=
 with no plan to address it. So thank God for Bitcoin...that transcends the=
 irresponsibility of governments, including our own."</li> <li style=3D"mar=
gin: 0px; padding: 6px 0px;"><strong>Burry sorry... </strong>Big Short inve=
stor Michael Burry, who has issued dire warnings about cryptocurrencies fro=
m BTC to SHIB, <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371=
967418192255878e9689713&_m=3D2cc45db35ac6411cb9c3878267960343&_e=3DeJS6jQHb=
r_d5ftx2pT-tNyJd-vYe9TscfrhwfD_Uj4y9h-2krDlnyaroWM6p-JLBcg8zPZUboHLuXj4dFsf=
YthUVYBySSsUPIcZdku4SP9aHhGg5yfTBCvIsFDdndMG3ElCwvUjeIuaX2CtKpioDLMt1jDLfs1=
nKyEdJbuHVyoMJJHrueihynblz7coKYcHm4c2og9XkjtUUyLsjgUc1omWaFUGQw6ZFGvZMudaW9=
SBDBWxAfY_jDxztrr31lDfv_wgEOtB0zk9O9xyEONghsRC9tkMr99_eLc91843ix9WSG8Z122O1=
J6C8TIwFF8U3ptJ-nZQ4E3wV8V-1fFH6_8jRWZh_clgWZphW2K9hMPsVQKp5clvxxqL0Q6_PZAJ=
Tf_veQ5nRsP6eiPSWf2Dc9AthX1smmJsqJJMZupJ-M71nG6YHqqqGZka49D81OJroPKH5D0zsbd=
1cHRIKmlFi9U_BGEqoCQcOZUeo6MkGzlGNiS8hySXJAMjtZTN0XjiSQd1EeopXmmR2FKPwMn-jI=
w%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">clarified</a> his po=
sition: "I've not been shorting cryptocurrencies at all," he said. "I have =
not been involved in them except for a dabble =E2=80=94 actually on the lon=
g side in a couple that I see as 'better' cryptocurrencies."&nbsp;</li> <li=
 style=3D"margin: 0px; padding: 6px 0px;"><strong>Shark bank=E2=80=A6 </str=
ong>Shark Tank investor Kevin O=E2=80=99Leary said he sees =E2=80=9Ctrillio=
ns of dollars=E2=80=9D moving into crypto: =E2=80=9CFor the first time ever=
, my crypto exposure is greater than gold.=E2=80=9D O'Leary wasn=E2=80=99t =
the only Shark Tank star to weigh in: in a series of tweets, Mark Cuban <a =
href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e96=
89713&_m=3D2cc45db35ac6411cb9c3878267960343&_e=3DeJS6jQHbr_d5ftx2pT-tN_LAMY=
_HlAeied7aznq1ekNJOlUx4CsRiEctDNfRqxR0pbXOpxsG2TkQsLnLFZN4ywI1mN5hD41Hd3VBb=
RfR9afBf46lKi-eX8AX4QMefyblPUBWRxtwAi7UwT_9hgipRQLq4dG8vQKEHVpMUFnLPri7oqx3=
b6CbswZ-ZeSJVXihbwyMm_x2cVpNgslXss1WysKY8dXja7E7C_dGDeM9Rkct_FQQA1sg1u9y5YC=
vR8NvrnzPFew-HlQFd3huzZOemNtlxX0IKHgxr7LK5Xg___vN1zywHCbsA9GlpYQ61p3diU8bd-=
uSngt9RQkpcxSHc2utKempZ7g9MivdLZ68zKaCuM049pDgCvtBlogP2Bg0tldM0uv597dSSc3_a=
HRIa-o8c1LCYTsbYW0FkHwTOoORTnW5KgD-U14IPjBF1q6Ns0kggChsCRVUPcxM8e86WOclKQsb=
iR5YdkRMGVA_qLU%3D" target=3D"_blank" rel=3D"noopener noreferrer">laid out =
his case</a> for BTC as =E2=80=9Cthe best store of value on the market=E2=
=80=9D with =E2=80=9CZERO competition.=E2=80=9D&nbsp; </li> </ul> <p style=
=3D"margin: 0px; padding: 0px;"></p> <div class=3D"cta_button" style=3D"mar=
gin: 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-spac=
ing: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:sc=
hemas-microsoft-com:vml" xmlns:w=3D"urn:schemas-microsoft-com:office:word" =
href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e96=
89713&_m=3D2cc45db35ac6411cb9c3878267960343&_e=3DeJS6jQHbr_d5ftx2pT-tN4iO4j=
r-swpb-N0TFcMk8nu0XR6xcnH_4xIMUEMwNcqOZxk_bV6N4Ge-8RCBMOGfPtuE55p7uotBK1jsb=
Z5nXwo8MZQNxt1OMerVq_3VF-_jMbPCOFZPAzY9W7ux2PL3kvbZ94090ECnFWrVhpyDySbpM37Q=
dIuvbey6bNHfPF8adg5nubzjcaPiiM5X3FT_zqJxBUUhKhbvQtUXGFw96WZtREzNHGa8ug23s3i=
K0CCDt8jwmTCu-J5Fhp5Mu-mSjxGWSYpfFOwYWdE8dqSZGBuB3YTBN2YmpQyC_afA2kFA4mLv6Z=
pLfTZLjBnLaU-0xvckr6C8oW8UI8zLZXBd2pp-WiYfnSrQlJa9Pb5tzSlJ1MGlRW8vUZug87R1h=
dzkZ4cLnruyHZwLylJU7ev5QCEdau0PCHMbhv93RxW9zvR2" style=3D"width:350pt;v-tex=
t-anchor:middle;" arcsize=3D"17%" stroke=3D"false" fillcolor=3D"#0052ff"> <=
w:anchorlock/><v:textbox inset=3D"0,0,0,0"><center style=3D"font-family: He=
lvetica Neue, Helvetica, Arial, sans-serif;"><![endif]--><a href=3D"https:/=
/links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D2cc4=
5db35ac6411cb9c3878267960343&_e=3DeJS6jQHbr_d5ftx2pT-tN4iO4jr-swpb-N0TFcMk8=
nu0XR6xcnH_4xIMUEMwNcqOZxk_bV6N4Ge-8RCBMOGfPtuE55p7uotBK1jsbZ5nXwo8MZQNxt1O=
MerVq_3VF-_jMbPCOFZPAzY9W7ux2PL3kvbZ94090ECnFWrVhpyDySbpM37QdIuvbey6bNHfPF8=
adg5nubzjcaPiiM5X3FT_zry6svZIG4EbP9FnTNA8EimwVW8IeanzC70KH9hQGohT6x-cGTwE_e=
GG0F4vc-sLafphPMpbCW_Bi1X3E3MSSht8wUYM_2Esec7Ce5gRvPRo8YP_m47PNsv9SeoFq4DU-=
w8kcIXVCXm6T52KT0LVszCw9hY-sexl2m8dbUnT1WFo6jgfqUdWIYphk0fuzWf6gmTZhP0_t_fS=
7vhhgqh8c9ZSitBAep8nCYJoUDwB4jEX" 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: 8px; text-align: center; padding: 18px 0px;"><s=
trong>Learn about inflation</strong></a><!--[if mso]></center></v:textbox><=
/v:roundrect></td></tr></table><![endif]--></div> <table width=3D"100%" rol=
e=3D"presentation" valign=3D"top" style=3D"table-layout: fixed; vertical-al=
ign: top; border-spacing: 0px; border-collapse: collapse; min-width: 100%; =
text-size-adjust: 100%;"> <tbody> <tr style=3D"vertical-align: top;"> <td v=
align=3D"top" style=3D"word-break: break-word; vertical-align: top; min-wid=
th: 100%; text-size-adjust: 100%; padding: 48px 0px;"><table border=3D"0" c=
ellpadding=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: collapse; border-top: 2px solid =
rgb(222, 224, 226); width: 100%;"> <tbody> <tr style=3D"vertical-align: top=
;"> <td valign=3D"top" style=3D"word-break: break-word; vertical-align: top=
; text-size-adjust: 100%;"><span></span></td> </tr> </tbody> </table></td> =
</tr> </tbody> </table> <div> <table style=3D"margin: 0px; padding: 0px;"> =
<tbody> <tr> <td style=3D"margin: 0px; padding-right: 11px; vertical-align:=
 middle;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/In=
tegrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e968=
9713/dot-1.5x.png" width=3D"12" height=3D"12" style=3D"display: block; widt=
h: 12px; height: 12px;"></td> <td style=3D"margin: 0px; padding: 0px; verti=
cal-align: middle;"><p style=3D"margin: 0px; font-size: 16px; letter-spacin=
g: 0.075em;"><strong> TOKEN TRIVIA </strong></p></td> </tr> </tbody> </tabl=
e> <p style=3D"margin: 5px 0px 0px; font-size: 32px; line-height: 1.26; wor=
d-break: break-word;"><strong>What is an example of hot storage?</strong></=
p> </div> <!--[if mso]><table width=3D"100%" cellpadding=3D"0" cellspacing=
=3D"0" border=3D"0"><tr><td style=3D"padding-right:0px;padding-left:0px;pad=
ding-top:8px;padding-bottom:0px;"></td></tr></table><![endif]--> <table sty=
le=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;"> <tb=
ody> <tr> <td style=3D"padding-right: 12px;"><strong>A</strong></td> <td>A =
piece of paper with your private keys, kept in a safety deposit box</td> </=
tr> <tr> <td style=3D"padding-right: 12px; padding-top: 12px;"><strong>B</s=
trong></td> <td style=3D"padding-top: 12px;">A crypto wallet connected to t=
he internet</td> </tr> <tr> <td style=3D"padding-right: 12px; padding-top: =
12px;"><strong>C</strong></td> <td style=3D"padding-top: 12px;">A wool-line=
d crate</td> </tr> <tr> <td style=3D"padding-right: 12px; padding-top: 12px=
;"><strong>D</strong></td> <td style=3D"padding-top: 12px;">Any crypto acco=
unt protected by two-step authentication</td> </tr> </tbody> </table> <p st=
yle=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;">Fin=
d the answer at the end of the email.</p> <div class=3D"cta_button" style=
=3D"margin: 24px 0px 0px; padding: 0px; width: 50%;"><!--[if mso]><table wi=
dth=3D"100%" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"bord=
er-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=3D3aca5637196741819225=
5878e9689713&_m=3D2cc45db35ac6411cb9c3878267960343&_e=3DeJS6jQHbr_d5ftx2pT-=
tN4iO4jr-swpb-N0TFcMk8nu0XR6xcnH_4xIMUEMwNcqOYynDb6Thc4y7FvUZYokr5xMdNnOZuC=
oGAiqLnPO0X3P-fKRvjO3MWzRLX-XpOFtsNZgzFFJ3j38JzVcp15YoWWl449BxtfSCY-mSI72QE=
P-Y-zDf8llRHPVpmHYrAT-imTzKlLPFlDVEZF4fOnn1wTdyeEefksqAeWZVcXBWXVTAgIF16nSv=
Z3hTuuiu5FUZDm5GHzqKo6thVEo2gLzF_Z9TnjLGctnsimTjfGMLqtdSZbXoTiQD7ct2S8u_l7A=
wG22qIcI_A-PvHG_OyymSG9RUkx2B9SlKJjiv_WFKeU4Ny7uHBUt-K6iakXr8juB7AvewlEiJR1=
FP7ip8ag5Gc_WiulJwA_6O-i8AeCnxI2EFLV4P3pgpWgKvw7wQCES7rmkl1G5_JRGkgI2JJrY7A=
g%3D%3D" style=3D"width:350pt;v-text-anchor:middle;" arcsize=3D"17%" stroke=
=3D"false" fillcolor=3D"#0052ff"> <w:anchorlock/><v:textbox inset=3D"0,0,0,=
0"><center style=3D"font-family: Helvetica Neue, Helvetica, Arial, sans-ser=
if;"><![endif]--><a href=3D"https://links.coinbase.com/a/click?_t=3D3aca563=
71967418192255878e9689713&_m=3D2cc45db35ac6411cb9c3878267960343&_e=3DeJS6jQ=
Hbr_d5ftx2pT-tN4iO4jr-swpb-N0TFcMk8nu0XR6xcnH_4xIMUEMwNcqOYynDb6Thc4y7FvUZY=
okr5xMdNnOZuCoGAiqLnPO0X3P-fKRvjO3MWzRLX-XpOFtsNZgzFFJ3j38JzVcp15YoWWl449Bx=
tfSCY-mSI72QEP-Y-zDf8llRHPVpmHYrAT-imTzKlLPFlDVEZF4fOnn1wbXC7Pbbp3noJe_w2Pa=
LASMf1cKJnta6U-OlaJ0yMJkexKF2Kw4dft3HP5M1TTniEIMOxmgBBoFydVjHv0nBuJCZ9V-_Nh=
lrads6hftfyTY-vEBI2PbscLN2wqNNmttB8Myoibj-0GziCgk0kojwjyQtD931ngMcUL6WN7tWW=
nus5mi-Mgd0OaHAPgdyIq-XQOIKUpmEQaS4dBL1tEeoYxA2WR_Zl635huefuUGbkWKiv5K_qLc-=
xG2w4oZEKdm0Zw%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer" style=
=3D"display: block; margin: 0px; line-height: 1.2; font-size: 16px; text-de=
coration: none; color: rgb(255, 255, 255); background-color: rgb(0, 82, 255=
); border-radius: 8px; text-align: center; padding: 18px 0px;"><strong>See =
tips for storing your crypto</strong></a><!--[if mso]></center></v:textbox>=
</v:roundrect></td></tr></table><![endif]--></div> <table width=3D"100%" ro=
le=3D"presentation" valign=3D"top" style=3D"table-layout: fixed; vertical-a=
lign: 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-wi=
dth: 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-align:=
 top; border-spacing: 0px; border-collapse: collapse; border-top: 2px solid=
 rgb(222, 224, 226); width: 100%;"> <tbody> <tr style=3D"vertical-align: to=
p;"> <td valign=3D"top" style=3D"word-break: break-word; vertical-align: to=
p; text-size-adjust: 100%;"><span></span></td> </tr> </tbody> </table></td>=
 </tr> </tbody> </table> <div> <table style=3D"margin: 0px; padding: 0px;">=
 <tbody> <tr> <td style=3D"margin: 0px; padding-right: 11px; vertical-align=
: middle;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/I=
ntegrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e96=
89713/dot-1.5x.png" width=3D"12" height=3D"12" style=3D"display: block; wid=
th: 12px; height: 12px;"></td> <td style=3D"margin: 0px; padding: 0px; vert=
ical-align: middle;"><p style=3D"margin: 0px; font-size: 16px; letter-spaci=
ng: 0.075em;"><strong> NOW TRADING ON COINBASE </strong></p></td> </tr> </t=
body> </table> </div> <a href=3D"https://links.coinbase.com/a/click?_t=3D3a=
ca56371967418192255878e9689713&_m=3D2cc45db35ac6411cb9c3878267960343&_e=3De=
JS6jQHbr_d5ftx2pT-tN4iO4jr-swpb-N0TFcMk8nt-euHTC2UJs7an6N3_lPEdnKWdWNp1OU8d=
aMX8gy3MsbR4VrUPQP04ydCzLAm0EVgdAt9StIUNKh61u2UknbeqtzP9_eIbh003oalmT86mw4s=
PrkfWJmYs3YYWwA861sDdBQqiMzxQrLe0ATAY2augb-z13FSlr1hag2X2GyiuguzRSnPUJIweEz=
Y9fZq6BRYvDHnk5RI8y51keGJcDERKc9itruiMOSUfoWff7n9kl60-dW-zqn3EWZQg0yxYZ1I8a=
moejzF9mLdSzQ4ufkVqmw7nAskVlp4sdnn0BL1nkNW6H-SUNBcZAQtMZ_32dKzGkfM2E2osvoi1=
sOt7MlFX_UvTHgB9LDUaZ9betkJCIIYIb-c3fHSLh4oQjk8SY5K2B3yvXiuWE0_PuLc7Nlx2" t=
arget=3D"_blank" rel=3D"noopener noreferrer" style=3D"color: rgb(10, 11, 13=
); text-decoration: none;"> <table style=3D"margin: 16px 0px 0px; width: 10=
0%;"> <tbody> <tr> <td style=3D"font-size: 32px; line-height: 1.26; word-br=
eak: break-word; vertical-align: middle; white-space: nowrap;"><strong>FX</=
strong></td> <td style=3D"vertical-align: middle; padding-left: 12px;"><img=
 src=3D"https://dynamic-assets.coinbase.com/2149457c70f4ba9b15862990694d84f=
4615f71812a1e81578378290750e69436b5b4a03849abc00df2bd81eb31d5c2a5e6c9ad7d28=
476f2280e77245de36737e/asset_icons/21f2016c1cec870ec333d17b38930087c8b50771=
c690ee98c105362687f58773.png" width=3D"26" height=3D"26" style=3D"display: =
block; width: 26px; height: 26px; vertical-align: middle;"></td> <td style=
=3D"vertical-align: middle; text-align: right; width: 100%;"><img src=3D"ht=
tps://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-=
46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/Newsletter%20Assets=
/newlistings_light.png" width=3D"21" height=3D"18" style=3D"width: 21px; he=
ight: 18px; vertical-align: middle;"></td> </tr> </tbody> </table> <p style=
=3D"margin: 0px; line-height: 1.6;">FX is an Ethereum token that powers Fun=
ction X, which comprises a core blockchain, cross-chain protocol, and platf=
orm for decentralized applications. </p> </a><a href=3D"https://links.coinb=
ase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D2cc45db35ac6411c=
b9c3878267960343&_e=3DeJS6jQHbr_d5ftx2pT-tN4iO4jr-swpb-N0TFcMk8nvDE0Kzpyu81=
eN-_JzPUG0TiAygZMjaH90zZ0MzzBi3NK0PpZ8msN50sUxY1fNbm1cNzZCBS7yYX9Q04AFUOMOR=
mBtStJn8ATMPh58Tv7xvuxnosqvKVJv7ZPcNdtUg5X7wizWOYNSl2klMVUUYZvsp2-Z19OU7YIf=
cEP6OVCxVcyl5BdY7xc3SxBSUs_ryaXpGPiIZXu99gd-zFMvfwGk2IkpFkVM1KQKF6Qa_KJxHho=
zCWpIwGLWB_uuBNw2M0lfpvdSAFllWjnWcmyRe5hQbHW0C0rYD_eM2cDJl-J_JAQoNNF2hWuClI=
S9jsLAG255rv9NCgG_NxEFpMjPWmwcXjYeZCuEO90STSdPtEML5AGSr4l0VcKSojQaYnUWNNWac=
U26bZb8yr-yHb3eg-B4Lp2hNPrGIES5ZKg0kkdi7sg%3D%3D" target=3D"_blank" rel=3D"=
noopener noreferrer" style=3D"color: rgb(10, 11, 13); text-decoration: none=
;"> <table style=3D"margin: 16px 0px 0px; width: 100%;"> <tbody> <tr> <td s=
tyle=3D"font-size: 32px; line-height: 1.26; word-break: break-word; vertica=
l-align: middle; white-space: nowrap;"><strong>WCFG</strong></td> <td style=
=3D"vertical-align: middle; padding-left: 12px;"><img src=3D"https://dynami=
c-assets.coinbase.com/0a18cf819a001ed19fe745c6177b644ec593b7b8a1f772c3bbf75=
3eb69ee12008a2a23622abbc8a3c3561b328d1825f98fe25c9835d0e0287809af09ac274f06=
/asset_icons/956b826dfb2cdc2fd38ea7aacc0244c8e5d1ca1a60065a448317e33e9dd2d9=
75.png" width=3D"26" height=3D"26" style=3D"display: block; width: 26px; he=
ight: 26px; vertical-align: middle;"></td> <td style=3D"vertical-align: mid=
dle; text-align: right; width: 100%;"><img src=3D"https://d15k2d11r6t6rl.cl=
oudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/=
3aca56371967418192255878e9689713/Newsletter%20Assets/newlistings_light.png"=
 width=3D"21" height=3D"18" style=3D"width: 21px; height: 18px; vertical-al=
ign: middle;"></td> </tr> </tbody> </table> <p style=3D"margin: 0px; line-h=
eight: 1.6;">Wrapped Centrifuge (WCFG) is an Ethereum token that=E2=80=99s =
intended to represent Centrifuge (CFG) on the Ethereum blockchain. </p> </a=
> <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"v=
ertical-align: top;"> <td valign=3D"top" style=3D"word-break: break-word; v=
ertical-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-layo=
ut: fixed; vertical-align: top; border-spacing: 0px; border-collapse: colla=
pse; border-top: 2px solid rgb(222, 224, 226); width: 100%;"> <tbody> <tr s=
tyle=3D"vertical-align: top;"> <td valign=3D"top" style=3D"word-break: brea=
k-word; vertical-align: top; text-size-adjust: 100%;"><span></span></td> </=
tr> </tbody> </table></td> </tr> </tbody> </table> <p style=3D"margin: 0px;=
 line-height: 1.6; word-break: break-word;"><strong>Trivia answer</strong><=
/p> <table style=3D"margin: 12px 0px 0px; line-height: 1.6; word-break: bre=
ak-word;"> <tbody> <tr> <td style=3D"padding-right: 12px;"><strong>B</stron=
g></td> <td>A crypto wallet connected to the internet</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=3D2cc45db35ac6411cb9c3878267960343&_e=3D=
eJS6jQHbr_d5ftx2pT-tNyf49rimXZOp9ZOzHq28b64qcFJXgH2VtYnVmTA2RAvMD7bRs0AsK_z=
ywlfebXOH1y1Au6CxOuHxaw_ynEhdaRGUZzg1Ib8BTB-7G6mXgEXiDCiysMyEqT--c9_mhGbRb0=
biiGRc52DFDX8w3FWNfoihJ1FPgJrJEUJJ3Du36lwplU4WLxDVO90ivGCSTSh7QAXisRaBPgeWN=
FgYTsBZdVM9EP3v2A_M6p7O3MlYFg-pD-121wAkoOvuMEDBJjNpjFOCC9eyz1mzLk8aOtCR05yY=
AQe7_Plv2lof_JLIWUVQsJm0UNhXNJ0kwE2Hgh_y9bh5pnCAO9htuId8WQIRFtfrlNvH3shsQ66=
Cqpsx3VysLPrmyCBX9eA3Mn6uGD0k8dWKNJw57zllshieux9jH1abfyff7Tp3EsfpKlkZ2hhe" =
title=3D"coinbase ios app" target=3D"_blank" rel=3D"noopener noreferrer"><i=
mg src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/66=
9d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/Icons/a=
pp_apple.png" alt=3D"Download on iOS App store" height=3D"46" style=3D"disp=
lay: block; height: 46px; margin-right: 8px;"></a></td> <td><a href=3D"http=
s://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D2=
cc45db35ac6411cb9c3878267960343&_e=3DeJS6jQHbr_d5ftx2pT-tNwQ0aJIVFF3heQiZQw=
vtT3NsZ3c-1_Rojd0cPS7Sn2mN-fu6TYWoFZUm5BVY3A_O4DRgo-Gfdd83ml883AU14npUEM3Lv=
B1EHxMW_WMrX4_HqVUWgjbfN7JZXxkzgWhAfcsL7ge77dY9N4B2Ikm3EiY6duTZK4AOpTkWHEjN=
eP1LQd4LKIYA7OmoX8eXaQJvSxO8gseZNss98iBtQ3ZC3peqPID5WC6jqeRyETcy5ED_SNc-D5U=
4Hi7_pDVdCUK2TA4NbrUJG3yxgBt_HeAI0SAwGEsMHEldTrpxYrexjrU8kZIleLolnepWXUzChd=
SD_JDqZsBPjAQidSW9zfquI1kKMc7qoTlx11VUviBiICHVZsz5wLXdk5X0z9zG9yZcxqRzOa8pJ=
d3P3vm--xYFqizrrwOo9gOj7CXsw60GIb1x" title=3D"coinbase android app" target=
=3D"_blank" rel=3D"noopener noreferrer"><img src=3D"https://d15k2d11r6t6rl.=
cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6=
a/3aca56371967418192255878e9689713/Icons/app_google.png" alt=3D"Download on=
 Google Play" height=3D"46" style=3D"display: block; height: 46px;"></a></t=
d> </tr> </tbody> </table> <!--[if mso]><table width=3D"100%" cellpadding=
=3D"0" cellspacing=3D"0" border=3D"0"><tr><td style=3D"padding-right:0px;pa=
dding-left:0px;padding-top:24px;padding-bottom:0px;"></td></tr></table><![e=
ndif]--> <p style=3D"margin: 24px 0px 0px; font-size: 12px; line-height: 1.=
8; word-break: break-word; color: rgb(91, 97, 110);">Disclaimer: This mater=
ial is the property of Coinbase, Inc., its parent and affiliates ("Coinbase=
"). The views and opinions expressed herein are those of the author and do =
not necessarily reflect the views of Coinbase or its employees and summariz=
es information and articles with respect to cryptocurrencies or related top=
ics that the author believes may be of interest. This material is for infor=
mational purposes only, and is not (i) an offer, or solicitation of an offe=
r, to invest in, or to buy or sell, any interests or shares, or to particip=
ate in any investment or trading strategy, (ii) intended to provide account=
ing, legal, or tax advice, or investment recommendations or (iii) an offici=
al statement of Coinbase. No representation or warranty is made, expressed =
or implied, with respect to the accuracy or completeness of the information=
 or to the future performance of any digital asset, financial instrument or=
 other market or economic measure. The information is believed to be curren=
t as of the date indicated on the materials. Recipients should consult thei=
r advisors before making any investment decision. Coinbase may have financi=
al interests in, or relationships with, some of the entities and/or publica=
tions discussed or otherwise referenced in the materials. Certain links tha=
t may be provided in the materials are provided for convenience and do not =
imply Coinbase's endorsement, or approval of any third-party websites or th=
eir content. Coinbase, Inc. is not registered or licensed in any capacity w=
ith the U.S. Securities and Exchange Commission or the U.S. Commodity Futur=
es Trading Commission.<br><br> =C2=A9 Coinbase 2021 | Coinbase Inc.<br> 100=
 Pine Street Suite 1250 | San Francisco, CA 94111 | US<br> +1 (888) 908-793=
0<br><br> <a style=3D"text-decoration:none;" href=3D"https://links.coinbase=
.com/e/eh?_t=3D3aca56371967418192255878e9689713&_m=3D2cc45db35ac6411cb9c387=
8267960343&_e=3DeJS6jQHbr_d5ftx2pT-tN2Bj-prh-Wb8ZX52B8nzVCeysq3ohwkZH0hQw-1=
ktoLR_91bnwMnIXOpjNLV_epTknChGCApV8ZLSONluOa0ypgtKnDWaTiZHhZk1oo0bqDwgz0KFR=
x_p2zU35FBlGjEa4GYIfhud9WmjWNYFZ6A5AQHvmUFvYg63-2Zh_vo7uz1_HORK9zjsGIHmBKDj=
pmLr8AW8jkvDZYHMpONqvMxntLe0VGqDNFYqugxMVScLubNmFX9rHydyOIF-ik5GR6N-r2u-Aly=
CzMaOEEld-vJhZunUnmdZTK3IWGruKkT3yv6BFVzCJKOy107HfK3xbrv_HxqM3xmpUBc8iw1jdv=
VhIWuoRt3N-1X6RQHKXZ5Ng2hZRN37foQFb3W-CH-sc2jtmVEjXSUujky601PU2ly_kM4ePu-0_=
QhZ-yzCZYphf1oQxPrhgBvvoU9Wixsp0Wy8p_WrOWclaGGULQpmZf5gBM%3D">Unsubscribe</=
a> from future editions of Coinbase Bytes.</p> </div> </div> </div> </body>=
 </html>
------=_Part_818050_776138891.1634734577888--