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Date: Fri, 15 Jul 2022 08:02:50 +0000
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From: Coinbase Bytes <newsletter@mail.coinbase.com>
Message-ID: <0100018200e1bf9c-4a94726e-4395-4257-8208-d9b7ddfd1925-000000@email.amazonses.com>
Mime-Version: 1.0
Reply-To: newsletter@mail.coinbase.com
Subject: When will crypto reach bottom?
To: Vincent Herbert <vince@showfile.com>

------=_Part_976610_1243040793.1657872170492
Content-Type: text/plain; charset=UTF-8
Content-Transfer-Encoding: quoted-printable

Coinbase Bytes After months of pain in the market, what will it take for cr=
ypto=20
prices to level off? View in browser=20
<https://links.coinbase.com/e/evib?_t=3D3aca56371967418192255878e9689713&_m=
=3Dd3b0aed455454ab3881ff30c6afbb97f&_e=3DtlNimLQ8fAPfPCe5JJeK22rOACThx-aqEC=
sYqj77aq2xZhwQ12rTnTuKqYXPQe2wuFvNis1z4640kmDQGEzcIt8pzHnIPzintevoL2HGuOwX3=
TKOEti1W-7gnsllI2so42hh9JV5oz5RvN4XlKY5Ag%3D%3D>
 <https://coinbase.com>=20
 15 Jul 2022=20
 <https://www.coinbase.com/>=20
Amid a frigid crypto winter, many are looking for signs of a market bottom.=
=20
[Image via Big Bear Cabins]

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

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

 * Macroeconomic and liquidity issues rippled through crypto markets. As=20
inflation climbs higher, excess risk is being shaken out.=20
 * Key cryptoverse quotes. Compelling takes on NFT market =E2=80=9Cvibes,=
=E2=80=9D crypto=20
smartphones and more.=20
 * Noteworthy numbers. The number of BTC being returned eight years after t=
he=20
biggest hack in history and other key figures to know this week.=20




Bitcoin

 =C2=A317,608.68=20

 -3.42%=20
 <https://coinbase.com/price/bitcoin?bytes_title=3Dbitcoin>=20

Ethereum

 =C2=A31,023.89=20

 -1.38%=20
 <https://coinbase.com/price/ethereum?bytes_title=3Dethereum>=20


Cardano

 =C2=A30.37=20

 -6.18%=20
 <https://coinbase.com/price/cardano?bytes_title=3Dcardano>=20

Solana

 =C2=A331.70=20

 +0.89%=20
 <https://coinbase.com/price/solana?bytes_title=3Dsolana>=20


Dogecoin

 =C2=A30.05=20

 -9.46%=20
 <https://coinbase.com/price/dogecoin?bytes_title=3Ddogecoin>=20

Polkadot

 =C2=A35.73=20

 -5.13%=20
 <https://coinbase.com/price/polkadot?bytes_title=3Dpolkadot>=20


Bitcoin

 =C2=A317,608.68=20

 -3.42%=20
 <https://coinbase.com/price/bitcoin?bytes_title=3Dbitcoin>=20

Ethereum

 =C2=A31,023.89=20

 -1.38%=20
 <https://coinbase.com/price/ethereum?bytes_title=3Dethereum>=20

Cardano

 =C2=A30.37=20

 -6.18%=20
 <https://coinbase.com/price/cardano?bytes_title=3Dcardano>=20


Solana

 =C2=A331.70=20

 +0.89%=20
 <https://coinbase.com/price/solana?bytes_title=3Dsolana>=20

Dogecoin

 =C2=A30.05=20

 -9.46%=20
 <https://coinbase.com/price/dogecoin?bytes_title=3Ddogecoin>=20

Polkadot

 =C2=A35.73=20

 -5.13%=20
 <https://coinbase.com/price/polkadot?bytes_title=3Dpolkadot>=20
Price changes are for the past week, ending on Jul 15, 2022 at 07:59 AM UTC
See the latest prices <https://coinbase.com/price>=20



 MARKET UPDATE=20

Bitcoin maintains 2022 lows as record inflation rages and more struggling=
=20
crypto firms emerge

Another month, another scorching hot inflation reading. On Wednesday mornin=
g,=20
the consumer-price index (the CPI is a key way the U.S. measures inflation)=
=20
increased 9.1% from the year before =E2=80=94 meaning shoppers paid sharply=
 higher=20
prices for everything from groceries to gasoline to rent. The=20
higher-than-expected reading immediately spooked crypto and stock markets, =
as=20
Bitcoin dipped 5% and the S&P 500 opened down 1%. Elsewhere, the liquidity=
=20
crisis gripping crypto firms Three Arrows Capital and Celsius continued to=
=20
cascade through the market. But it=E2=80=99s not all bad news this week, we=
 promise!=20
Let's dig in.

 * Forty-year-high Inflation, and the Fed=E2=80=99s efforts to fight it, ar=
e=20
pressuring both stock and crypto markets =E2=80=94 and sparking recession c=
oncerns.
June=E2=80=99s historic 9.1% year-over-year spike in consumer prices outpac=
ed the 8.8%=20
Dow Jones estimate and coincided with the biggestyield curve inversion=20
<https://www.investopedia.com/terms/i/invertedyieldcurve.asp> (a key recess=
ion=20
indicator) between 10-year and 2-year Treasury notessince 2000=20
<https://www.cnbc.com/2022/07/13/us-bonds-treasury-yields-tick-higher-as-tr=
aders-prepare-for-inflation.html>
. The latest inflation reportlikely means=20
<https://www.wsj.com/articles/feds-inflation-dashboard-puts-more-weight-on-=
volatile-energy-food-prices-11657704600?mod=3Darticle_inline>
 another interest rate hike is on its way from the Fed, which has been=20
accelerating efforts to unwind pandemic-era stimulus. Riskier assets like=
=20
crypto and tech stocks that formerly benefited fromexcess consumer cash=20
<https://www.nytimes.com/2022/01/22/business/economy/inflation-biden-pandem=
ic.html>
 have seen some of the steepest declines as a result.=20
 * Two months after the Terra/Luna collapse, liquidity and credit issues=20
continue to ripple through overextended crypto firms including Three Arrows=
=20
Capital (3AC), Celsius, Voyager, and more. After filing for bankruptcy on J=
uly=20
1, 3AC =E2=80=94 which had managed $10 billion =E2=80=94 has seenlegal spar=
ring=20
<https://www.coindesk.com/business/2022/07/12/three-arrows-founder-says-att=
empt-to-work-with-liquidators-met-with-baiting/>
 between the firm=E2=80=99s founders and its liquidators. The 3AC fallout h=
as impacted
Blockchain.com=20
<https://www.reuters.com/technology/blockchaincom-faces-270-mln-hit-loans-b=
ankrupt-three-arrows-coindesk-2022-07-08/>
 ($270 million in losses on loans to 3AC),Voyager Digital=20
<https://www.cnbc.com/2022/06/27/three-arrows-capital-crypto-hedge-fund-def=
aults-on-voyager-loan.html>
 (which filed for bankruptcy protection after 3AC couldn=E2=80=99t pay back=
 $670=20
million) andBlockFi=20
<https://www.ft.com/content/126d8b02-f06a-4fd9-a57b-9f4ceab3de71>. FTX CEO =
Sam=20
Bankman-Fried has since =E2=80=9Cbailed out=20
<https://decrypt.co/104807/bitcoin-bailouts-sbf-ftx-cz-binance-blockfi-voya=
ger>
=E2=80=9D the latter two. Meanwhile, Celsius =E2=80=94 one of the first fir=
ms to pause=20
withdrawals due to liquidity troubles =E2=80=94paid off=20
<https://www.coindesk.com/markets/2022/07/12/celsius-pays-off-aave-loan-mov=
es-418m-steth-stack-to-unknown-wallet/>
 massive DeFi loans beforefiling for bankruptcy protection=20
<https://www.businesswire.com/news/home/20220713005911/en/Celsius-Network-I=
nitiates-Financial-Restructuring-to-Stabilize-Business-and-Maximize-Value-f=
or-All-Stakeholders>
 on Wednesday night.=20
 * Bitcoin mining firms are feeling the pressure too. Despite falling crypt=
o=20
prices, global mining power has remainednear all-time highs=20
<https://www.blockchain.com/charts/hash-rate> over the past month, meaning=
=20
mining-energy costs are high even as cryptoblock rewards=20
<https://www.investopedia.com/terms/b/block-reward.asp> have lost value. As=
 a=20
result, some miners are selling their crypto to pay off expenses.Core Scien=
tific
=20
<https://www.businesswire.com/news/home/20220705005347/en/Core-Scientific-A=
nnounces-June-Updates>
, one of the world=E2=80=99s largest miners, sold $167 million of BTC (over=
 75% of its=20
BTC) to pay for servers and other debt; Canadian minerBitfarms=20
<https://www.globenewswire.com/en/news-release/2022/06/21/2465965/0/en/Bitf=
arms-Adjusts-HODL-Strategy.html>
 sold $62 million of BTC (50% of its BTC) to improve liquidity; andArgo=20
Blockchain=20
<https://www.accesswire.com/707783/Argo-Blockchain-PLC-Announces-June-2022-=
Operational-Update>
 liquidated $15.6 million to pay off a loan with Galaxy Digital.=20
 * So, what about the good news? On the global adoption front, Italy is=20
subsidizing$46 million=20
<https://cointelegraph.com/news/italian-government-will-provide-46-million-=
in-subsidies-for-blockchain-projects>
 for internet blockchain projects, and the Central African Republic announc=
ed a=20
new national cryptocurrency,Sango Coin=20
<https://www.theblock.co/post/155665/central-african-republic-launches-nati=
onal-cryptocurrency-called-sango-coin>
, which will be =E2=80=9Cthe gateway to [the country=E2=80=99s] natural res=
ources,=E2=80=9D per its=20
president. Meanwhile,$5.5 billion=20
<https://www.bloomberg.com/news/articles/2022-07-06/crypto-deals-balloon-as=
-distressed-financing-sharks-circle?utm_medium=3Dsocial&utm_source=3Dtwitte=
r&utm_content=3Dcrypto&utm_campaign=3Dsocialflow-organic&sref=3DaInCMkkj#xj=
4y7vzkg>
 of venture capital poured into crypto projects in the first half of the ye=
ar.=20
Most recently:Axie Infinity=20
<https://www.coinbase.com/learn/crypto-basics/what-is-axie-infinity> develo=
per=20
Sky Mavis launched a $150 million fund for blockchain games, and layer-1=20
protocol Rubixraised=20
<https://blockworks.co/funding-roundup-despite-bear-market-money-is-still-p=
ouring-into-crypto/>
 $100 million from a firm specializing in cross-border transactions. Elsewh=
ere,=20
Ethereum successfully launchedproof of stake=20
<https://www.coinbase.com/learn/crypto-basics/what-is-proof-of-work-or-proo=
f-of-stake>
 on its Sepolia testnet, the second of three milestones before the blockcha=
in=E2=80=99s=20
energy-efficientupgrade=20
<https://www.coinbase.com/bytes/archive/what-is-the-ethereum-merge-proof-of=
-stake#:~:text=3D(Learn%20about%20staking%20via%20Coinbase,Chain%20is%20sta=
ke%20your%20ETH.>
, called the Merge.=20


Why it matters=E2=80=A6 Several months into a crypto winter, with BTC down =
70% from=20
November=E2=80=99s all-time highs, a big question is percolating: Are we ne=
ar a bottom?=20
While some analystscontend=20
<https://www.coindesk.com/learn/signs-bitcoin-may-have-bottomed-heres-what-=
experts-told-us/#:~:text=3D%E2%80%9CI%20do%20not,lows%2C%E2%80%9D%20he%20sa=
id.>
 that macro factors are key =E2=80=94 like the Fed slowing down rate hikes =
or equity=20
earnings forecasts gettingrevised lower=20
<https://www.coinbase.com/institutional/research-insights/research/monthly-=
outlook/the-elusive-bottom-july-2022#:~:text=3DUltimately%2C%20we%20believe=
,perhaps%20in%204Q22.>
 =E2=80=94 others feel that we arealready close=20
<https://money.com/bitcoin-bottom-how-low-crypto-prices-drop/#:~:text=3D%22=
The%20levels%20of%20activity%20and%20the%20political%2C%20corporate%20and%2=
0institutional%20landscape%20being%20so%20bitcoin%2Dfriendly%20and%20more%2=
0willing%20to%20at%20least%20listen%20today%20makes%20me%20think%20it%27s%2=
0close%20to%20a%20bottom%2C%22%20Brendler%20says.%20%22But%20you%20never%20=
know.%22>
 to the low-end. While no one can predict how crypto markets will move, the=
=20
search for the bottom isn=E2=80=99t just about price levels. As one crypto =
tradertold=20
CoinDesk=20
<https://www.coindesk.com/learn/signs-bitcoin-may-have-bottomed-heres-what-=
experts-told-us/#:~:text=3D%E2%80%9CThe%20bottom%20is%20as%20much%20a%20pro=
duct%20of%20time%20as%20it%20is%20price%2C%20in%20most%20cases%2C%E2%80%9D%=
20Cred%20said.%20%E2%80%9CBad%20memories%20need%20to%20fade%20from%20the%20=
public%20consciousness%2C%20reputation%20risk%20must%20subside%2C%20enthusi=
asm%20from%20survivors%2C%20builders%20and%20other%20incumbents%20must%20re=
turn%2C%20and%20cynicism%20must%20abate%20to%20make%20way%20for%20optimism.=
%E2%80%9D>
, =E2=80=9Cthe bottom is as much a product of time as it is price =E2=80=A6=
 cynicism must abate=20
to make way for optimism.=E2=80=9D
Learn to manage downturns=20
<https://www.coinbase.com/learn/tips-and-tutorials/how-to-minimize-your-los=
ses-during-a-falling-market?src=3Dmarketupdate_cta>



 TAKES=20

From vibe officers to HODLers, the week=E2=80=99s crypto-iest quotes

Weed whacker=E2=80=A6 =E2=80=9CWe need the excesses to get weeded out=E2=80=
=9D was the assessment=20
offered by Rockefeller International ChairmanRuchir Sharma=20
<https://www.coindesk.com/layer2/2022/07/08/bitcoin-will-make-a-comeback-ro=
ckefeller-international-chairman-says/>
 in making the case that Bitcoin remains a solid asset over the long-term b=
ut=20
will continue to see price pressure in the short-term due to an over-abunda=
nce=20
of easy money and speculation.

Vibe check=E2=80=A6 When it comes to building community around NFTs, =E2=80=
=9Cvibes are=20
everything=E2=80=9D a collectorsaid=20
<https://www.theguardian.com/technology/2022/jul/08/nft-vibes-managers> in=
=20
explaining why a number of NFT projects have started to employ a =E2=80=9Cc=
hief vibes=20
officer.=E2=80=9D The role is meant to create a positive environment for pr=
ospective=20
and existing NFT owners, and, as the Guardian observed, is =E2=80=9Csomethi=
ng of a=20
cross between a marketer, influencer and investor relations officer.=E2=80=
=9D

Something from Nothing=E2=80=A6 =E2=80=9CThe timing was right that now we c=
an take this=20
technology to the masses,=E2=80=9Dsaid=20
<https://decrypt.co/104464/much-ado-about-nothing-why-polygon-is-making-a-w=
eb3-push-into-mobile>
 Polygon Vice President of Growth Arjun Kalsy about the Ethereum scaling=20
platform=E2=80=99s decision to launch a smartphone in partnership with tech=
 company=20
Nothing that will help make the world of web3 more accessible on mobile. Th=
e=20
Nothing Phone 1 wasunveiled=20
<https://twitter.com/nothing/status/1546882382069989376> this week in Londo=
n.

HODL steady=E2=80=A6 =E2=80=9CHolders are less likely to sell BTC in turbul=
ent periods,=E2=80=9D was=20
one of the key takeaways from Coinbase Institutional=E2=80=99s monthly outl=
ook, written=20
by head of institutional research David Duong. Duong viewed this trend amon=
g=20
those holding BTC for more than 6 months as a =E2=80=9Cpositive sentiment i=
ndicator=E2=80=9D=20
amid broader market weakness. Read the full reporthere=20
<https://www.coinbase.com/institutional/research-insights/research/monthly-=
outlook/the-elusive-bottom-july-2022>
.
Learn BTC basics=20
<https://www.coinbase.com/learn/crypto-basics/what-is-bitcoin?src=3Dtakes_c=
ta> =20
<https://www.coinbase.com/earn?src=3Dearn_bytes>=20

 NUMBERS TO KNOW=20

$44B or $1B or $?

The range of financial outcomes facing Elon Musk as he defends a lawsuit=20
<https://www.cnbc.com/2022/07/12/twitter-sues-elon-musk-to-enforce-original=
-merger-agreement.html>
 from Twitter that seeks to force the Tesla CEO to complete his $44 billion=
=20
deal to acquire the social media network. A judge could potentially decide =
to=20
have Musk pay the $1 billion breakup fee instead, or the legal standoff cou=
ld=20
allow him to re-negotiate the price or even potentially walk away entirely.=
=20
Stay tuned.

141,686 BTC

The amount of Bitcoin that Mt. Gox=E2=80=99s bankruptcy trustee is close to=
 releasing=20
<https://www.bloomberg.com/news/articles/2022-07-07/mt-gox-creditors-inch-c=
loser-to-repayment-as-bitcoin-dump-looms#xj4y7vzkg>
 to its users eight years after the worst crypto hack in history (The=20
Tokyo-based firm ceased operations in 2014 after losing about 850,000 BTC.)=
 The=20
disbursement of these funds =E2=80=9Ccould put pressure=E2=80=9D on BTC pri=
ces if many of the=20
creditors choose to sell their coins, according to Bloomberg.

300 ETH

The amount of ETH (approximately $344,000) that was spent to purchase the=
=20
Ethereum Name Service domain of000.ETH=20
<https://decrypt.co/104472/ethereum-name-service-registrations-spike-216-in=
-one-week>
 earlier this month, setting a new record. ENS registrations have been on a=
=20
noticeable upswing recently, with purchases increasing as much as 200%=20
week-over-week.

8.5%

The percentage of Kenyan citizens that own digital currency, according to a=
=20
recentreport=20
<https://unctad.org/system/files/official-document/presspb2022d8_en.pdf> fr=
om=20
the United Nations Conference on Trade and Development (UNCTAD). This makes=
=20
Kenya not only the most crypto-forward country in Africa, but places it=20
fifth-highest globally for crypto adoption, one spot ahead of the U.S.
Learn about web3=20
<https://www.coinbase.com/learn/market-updates/around-the-block-issue-22#th=
e-web3-stack?src=3Dnumberstoknow_cta>



 TUNE IN=20

Will central bank digital currencies ever replace cash?

Decentralization is one of Bitcoin=E2=80=99s best-known benefits =E2=80=94 =
no single entity=20
can control it. But are there any advantages to centralized digital money=
=20
controlled by a government? Right now, roughly100 countries=20
<https://www.atlanticcouncil.org/cbdctracker/> and nearly all of the world=
=E2=80=99s=20
major central banks (including the Federal Reserve) are exploring central b=
ank=20
digital currencies (CBDCs), which are digital versions of government-issued=
=20
money. In the latest episode ofAround the Block=20
<https://www.coinbase.com/around-the-block>, host Justin Mart sits down wit=
h=20
Visa=E2=80=99s CBDC exec, Catherine Gu, to discuss the potential benefits a=
nd risks of=20
state-issued digital currencies.
Listen to Around the Block=20
<https://open.spotify.com/show/4QsMNyNEUDu62E3L1PSlWB?src=3Dtunein_cta>=20



 TOKEN TRIVIA=20

What is Bitcoin=E2=80=99s maximum supply?

A 50 million=20
B There is no maximum supply=20
C 21 million=20
D 12 billion=20
Find the answer at the end of the email.
Read about Bitcoin=E2=80=99s creator=20
<https://www.coinbase.com/learn/crypto-basics/who-is-satoshi-nakamoto?src=
=3Dtokentrivia_cta>



 NOW TRADING ON COINBASE=20

BOBA=20
BOBA is an Ethereum token that governs Boba DAO and can also be staked for=
=20
rewards on the Boba Network.
 <https://www.coinbase.com/price/boba-network?bytes_new=3Dboba-network>=20
AST=20
AST is an Ethereum token for AirSwap, a decentralized peer-to-peer trading=
=20
network.
 <https://www.coinbase.com/price/airswap?bytes_new=3Dairswap>=20


Trivia answer

C 21 million=20

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

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 248 3rd St #434 | Oakland, CA 94607 | US
 +1 (888) 908-7930

Unsubscribe=20
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<style id=3D"reset-style" type=3D"text/css">body,table,td,tr,p{font-family:=
Helvetica Neue,Helvetica,Arial,sans-serif}body{margin:0;padding:0}table,td,=
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ple-data-detectors=3D'true']{color:inherit!important;text-decoration:none!i=
mportant}a{color:#1957f5}</style> <style id=3D"media-query" type=3D"text/cs=
s">@media(max-width:590px){.cta_button{width:100%!important}.block-grid{wid=
th:100%!important;max-width:100%!important}.mobile_hide{min-height:0;max-he=
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isplay:block!important;max-height:none!important}}</style> </head> <body st=
yle=3D"margin: 0;padding: 0;-webkit-text-size-adjust: 100%;background-color=
: #FFFFFF;font-family: Helvetica Neue, Helvetica, Arial, sans-serif;font-si=
ze: 16px;color: #0A0B0D;"><span style=3D"color:transparent;visibility:hidde=
n;display:none;opacity:0;height:0;width:0;font-size:0;">After months of pai=
n in the market, what will it take for crypto prices to level off?</span><i=
mg src=3D"https://links.coinbase.com/e/eo?_t=3D3aca56371967418192255878e968=
9713&amp;_m=3Dd3b0aed455454ab3881ff30c6afbb97f&amp;_e=3DtlNimLQ8fAPfPCe5JJe=
K22rOACThx-aqECsYqj77aq2xZhwQ12rTnTuKqYXPQe2wT0uFRVqrjEvE7rQA4EU8FHsphaILn3=
62LSv46eCBpnz32ZLCEfPY-TruSYEXcGRoBo7RTB-Z6gj9I6EurPZjj8USFfDyLAxQFqvgDly8p=
IwYoWod-HMcS3K_XNTUHDoD4qd28_NDC-x4nbC14JK3Fg%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 style=3D"min-wi=
dth: 320px; max-width: 570px; overflow-wrap: break-word; word-break: break-=
word; margin: 0px auto;" class=3D"block-grid"> <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=3Dd3b0aed455454ab3881ff30c6afbb97f&_e=3DtlNimLQ8fAPfPCe5JJeK22rOACThx-a=
qECsYqj77aq2xZhwQ12rTnTuKqYXPQe2wuFvNis1z4640kmDQGEzcIt8pzHnIPzintevoL2HGuO=
wX3TKOEti1W-7gnsllI2so42hh9JV5oz5RvN4XlKY5Ag%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=3Dd3b0a=
ed455454ab3881ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYDy-cMUvQAlVtZZHS0AhKS=
zcKHRfmBw3eo5CiuiuZqFQRnuULqZ-qDdvjZOOtB9M1m5k_0uK6Oe58UDebA9lp8rQKC1jOI5OB=
DNhAkWbZ6TyGjRzxCl8MtJwLEMYJqMMrwRNAub9OzV1Mp79T-JZ-gr9neYbDg_BLanfaEXtd2cc=
QEHST3k3Xha_MP4scg2dT-VJ3MDhffqKGF7YNRCzksnqEYABPEIgEA3kXmMQG6nfzBh4xAEZoMh=
p2Fe-Rhn9lBwVOQcMh-MzgP47mr_z5_UowhM1uXmcYJqZcxKIP6IaiWzH9bfxSyeVbHl_dmhJ13=
GxMYSBH5TCHp--TlmP0-ht12tRCD-7uKSPRACSF20K" 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;"> 15=
 Jul 2022 </p></td> </tr> </tbody> </table> </div> <a href=3D"https://links=
.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd3b0aed455=
454ab3881ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYA9ht9jhGRLVogwpha4j7hGRzCu=
cTwL7TwElLfAFMoQWrX-3S-wH9ieasJutAYLKG-UUPTTpHuH5UYm8Y1krrn1Aw1yucYLGfX5NHB=
ZJq0MAawe2BPU5kzHKQic-5Q3CFzUSMDbjn5-MVJAfcco1gcnHFMOINF4n4YdfBglPlNKTYq5uz=
8XaMF_jEaXEH3P5-gdAm1R4NY8ImXMghjtEMMXGXGq8yV2sNmumY51_w8khRaztLChYmsMFNYc5=
d1e2-tYzge-suYW68ySX07vCnlYlhWq9Q6vRzum9IiWCFgV0sS35DHzkLi-DlL2Hb4Z_D1TBy0M=
zDm5UG0x3BCj-D7j0QH1EpiajYtTgpGK6dZ5o" target=3D"_blank" rel=3D"noopener no=
referrer"><img src=3D"https://images.ctfassets.net/q5ulk4bp65r7/4FPWAOZZXnm=
6fnreRq2Y2X/6bfd437431ac218e2d2365076742bbb1/Big_Bear_Cabins.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);">Amid a frigid crypto winter, many are looking for signs =
of a market bottom. [Image via Big Bear Cabins]</p> <p style=3D"margin: 48p=
x 0px 16px; font-size: 32px; line-height: 1.26; word-break: break-word;"><s=
trong>What=E2=80=99s up? It=E2=80=99s Coinbase Bytes</strong></p> <p style=
=3D"margin: 0px; line-height: 1.6; word-break: break-word;">There=E2=80=99s=
 never a dull moment on the blockchain. Here=E2=80=99s what you need to kno=
w this week:</p> <!--[if mso]><ul style=3D"line-height:1.6;mso-line-height-=
alt:26px;"><![endif]--><!--[if !mso]><!-- --><ul style=3D"margin: 10px 0px;=
 padding-left: 24px; line-height: 1.6;"><!--<![endif]--> <li style=3D"margi=
n: 0px; padding: 6px 0px;"><strong>Macroeconomic and liquidity issues rippl=
ed through crypto markets. </strong>As inflation climbs higher, excess risk=
 is being shaken out.</li> <li style=3D"margin: 0px; padding: 6px 0px;"><st=
rong>Key cryptoverse quotes. </strong>Compelling takes on NFT market =E2=80=
=9Cvibes,=E2=80=9D crypto smartphones and more.&nbsp;</li> <li style=3D"mar=
gin: 0px; padding: 6px 0px;"><strong>Noteworthy numbers. </strong>The numbe=
r of BTC being returned eight years after the biggest hack in history and o=
ther key figures to know this week.</li> </ul> <p style=3D"margin: 0px; pad=
ding: 0px;"></p> <!--[if !mso]><!--> <div class=3D"desktop_hide" style=3D"m=
so-hide:all;display:none;max-height:0;overflow:hidden;"> <table style=3D"wi=
dth:100%;table-layout:fixed;margin:0;"> <tbody> <tr> <td style=3D"padding-t=
op:40px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca563719674=
18192255878e9689713&_m=3Dd3b0aed455454ab3881ff30c6afbb97f&_e=3DFkzAKl09o1WR=
g7cwFpdJYDpoqdD6wze5QGGn9GBT0aqAUj4twED78qD2fzCZJRbVx70rj8diwUr-hyXASpwHt-B=
KhU0DXVKN6ukx9qHZ2q2l7kJBIwGMCdHvrEm_e7Q_yKs7rmhX-Dm1SOJ-7_0zfDBeQRV2wfxDJP=
l0-V1EJcwWS5z0x_Fyeqrw8dZmOPCZpAh1T5OFOvohYWrecUkuDjXcJ0tP37VMTACK9RUclCnIE=
ghCHrrim4AkmJvU5TS7ZR-7uRZB6AJrRaUdk2cUtBznloh_hv19X5kWqknWomlf52Bana97fcNI=
c0R1chj04oW2jYPVknGUwvU_TUZWOFxMGjke6EvGaMOXV0asaJjW4X5qsAiDzMnm2DiCyuLDfnB=
DZOIA82N4HkPc121zysEdApRQfTl_EVNHK_uxhTc%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/3aca56371967=
418192255878e9689713/down-arrow.png" style=3D"height:12px;width:12px;margin=
:2px 0px 0px 0px;vertical-align:top;" height=3D"12" width=3D"12"/> </td> <t=
d style=3D"padding:0;vertical-align:top;"> <div style=3D"text-align:left;ma=
rgin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Bitco=
in</strong></p> <p style=3D"margin:8px 0px;"> =C2=A317,608.68 </p> <p style=
=3D"margin:0;font-size:12px;"> -3.42% </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=3Dd3b0aed45545=
4ab3881ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYDpoqdD6wze5QGGn9GBT0aqDjBwQ5=
YvJ3s1pYioPFXRdVcTQqHJpLeuEIzSzlODJdztZeUa8PIREdcT82egaAq58EjRa9eI8cHk4PPcr=
_1WzQXGgZ6si6HsztrSsgo6FrR3p_4plONgHcQPCINd4DcOros7o__wyA8tbq-ilV6Tw-BK37mO=
2cKCGYrXBDSE2GSNH9ZzsPU_FT92CD8mfcIvcz5X3XmAeG0py01eoi9XGQ8GZpDEn7WF-SxsFVT=
u2E5ickN13HPwuPjgOFcj4H6XXrJJ7TsE_7W1KRr6Gb31ohvJOULgjmNJaorf6P81JrzAqpMvEj=
j0LfmftGlHELbYkSlDIgRbMuupnSJQmaOimYmUGRYgxGgnmdizbvWJCMk43GS4mjUwFkxrcQZ6z=
YBs%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/669d5713-9b=
6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/down-arrow.png" =
style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;"=
 height=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;vertical-align:t=
op;"> <div style=3D"text-align:left;margin:0px 0px 0px 10px;line-height:1;"=
> <p style=3D"margin:0;"><strong>Ethereum</strong></p> <p style=3D"margin:8=
px 0px;"> =C2=A31,023.89 </p> <p style=3D"margin:0;font-size:12px;"> -1.38%=
 </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=3D=
3aca56371967418192255878e9689713&_m=3Dd3b0aed455454ab3881ff30c6afbb97f&_e=
=3DFkzAKl09o1WRg7cwFpdJYDpoqdD6wze5QGGn9GBT0ar2nD4SBc4WuYSYgUG6ExZMosmdQv0-=
PzOSXTwePdrgwCPd7juUw9i2QqgI19ilFsOyiEpe9ajy7MwndyhYPPnqCrCZW2BkdzufTSpUgiL=
YSZ4ivUc5bKPQZryDaVbrjXj6bu4qDEbNav0Ad0PKyi_bNZgdtZRWBhBFtG4F13pGdXuGszrcnB=
76GPtKCOaQKcsSz76sK8yd9qmY0NFbTn5ztqcQ9wK56lInCiuVGnbfCZMW1UiTEWC6jDvp53Sw3=
-xYKNxFPviAU0mt2-GEJQzyIM_dy-cJq4eKXRdDibINrVYU6yCjKd8j4ILfSlIdaM2mVl6lipq2=
PBfftTRIWMAi8qyFwigEhOFaznUBCU8NyfBwvl-aFqG0bZ6WKRbwhO0%3D" target=3D"_blan=
k" 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/down-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"tex=
t-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;=
"><strong>Cardano</strong></p> <p style=3D"margin:8px 0px;"> =C2=A30.37 </p=
> <p style=3D"margin:0;font-size:12px;"> -6.18% </p> </div> </td> </tr> </t=
body> </table> </a> </td> <td style=3D"padding-top:20px;"> <a href=3D"https=
://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd3=
b0aed455454ab3881ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYDpoqdD6wze5QGGn9GB=
T0aqf4pk93uBp9wx6cAZTuQEIoIJJ651UG3ySBC2t9hel7F3q1lYCQTa-OEpkbt3rGTbPCrSYBi=
9SSbo8e1CG9gKcdF_s_hsOh8K10_PLEpOLFIQfj8lp0POcPHgRbKAiSPWvBVYc8Uz_TIu2sgUaB=
WUWIo30wT3wD1j7Mm5UP8p3FA6oSOt7QNDmaCp7biVM5N2zmkw6qM_kcdb5VgSCC4TZT3XFM4Fq=
8hpJlFBFRJ60Cgvbo_2T7dGYHozpQrtd8aZA3o3NZ0IvwD-KV54MwJ-PkuOLfGuZEtH-1cNlKw2=
UFY3KLJjYJ7ex7ve7nnHyDVMLQvzG4UWSOdIF7mTYj_-xLnkF0sY_LjTexyVaAZdotL4N_2ZIZp=
nBJEJ2tIoOBLA%3D" target=3D"_blank" style=3D"text-decoration:none;color:#0A=
0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical-align:top;"> <=
img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/6=
69d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arr=
ow.png" style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-ali=
gn: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-he=
ight:1;"> <p style=3D"margin:0;"><strong>Solana</strong></p> <p style=3D"ma=
rgin:8px 0px;"> =C2=A331.70 </p> <p style=3D"margin:0;font-size:12px;"> +0.=
89% </p> </div> </td> </tr> </tbody> </table> </a> </td> </tr> <tr> <td sty=
le=3D"padding-top:20px;"> <a href=3D"https://links.coinbase.com/a/click?_t=
=3D3aca56371967418192255878e9689713&_m=3Dd3b0aed455454ab3881ff30c6afbb97f&_=
e=3DFkzAKl09o1WRg7cwFpdJYDpoqdD6wze5QGGn9GBT0arb0RyjQqKrAAdjtNL6EZBSBalejaH=
68mXbXBOSxaaNon378aMHDdF87j9lTZ-BGYnHtGIMsCQpXQlTi07YozQf7z0UVGmSVBotiBLXBT=
ITiIoB9TfinDJp5YxGne95KLn1_jdt0SANw9SLRr4TWN4gdDjAuLuveOmFyfxsaegfI4n9xV6bw=
7H46zPdZEqNGJe0MQi0Nh_S_S59-912wIJWl6VTz3O5DMD1J_lVRcZpU7uzio7RRoiFLjF8-axV=
TRux8_jwuuYWXS1TFRJl3uf1736_J56dh0nvzrsUpnIbgniwkqBcVfytE5s4Bl_7RTEbuGxSvL2=
3PImA0FCfA6COnqDS_MOMRaGKyizsBRL701WNMkB1Csi-hhb8Gg8OKzM%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://d15k2d11r6t6r=
l.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6d=
d6a/3aca56371967418192255878e9689713/down-arrow.png" style=3D"height:12px;w=
idth:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"12" width=
=3D"12"/> </td> <td style=3D"padding:0;vertical-align:top;"> <div style=3D"=
text-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin=
:0;"><strong>Dogecoin</strong></p> <p style=3D"margin:8px 0px;"> =C2=A30.05=
 </p> <p style=3D"margin:0;font-size:12px;"> -9.46% </p> </div> </td> </tr>=
 </tbody> </table> </a> </td> <td style=3D"padding-top:20px;"> <a href=3D"h=
ttps://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=
=3Dd3b0aed455454ab3881ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYDpoqdD6wze5QG=
Gn9GBT0aouyNpzw_o4-cv7OUbHrUHv1eVAVSjKZpqX8u9l4vLqP2ZYT3_DAzhgHPdWed0xdw5x9=
eio5iN3R0p-J14SK8bWCGI5gu_mTR-K1XEaBubtNOobjKRr8WLGQqQk0wJSM3ARVOpCigDMHBns=
VAXTFi7gJEA0-dqrAejyrbwQa7yY9yjY7zARKV_jPa_y7KzPAH-0azw1g-vHLhWOSclreH3ze0s=
uEMPcKqJO65Fkj0jhbDgya6lL3oMHSHlYPiBJLsSMWUNPw3qUiDebyNBuLVm26x9iptuV7aRm62=
2e3jmDyBRNLyTjh6osseWSaD8dBWpyy85LXV0X47IME9fnQVE7Y0kS2CNq0CIRy6h-u6pJa9NRX=
jpjbB4hTuAZWfa_XvM%3D" target=3D"_blank" style=3D"text-decoration:none;colo=
r:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical-align:top=
;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrat=
ors/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/d=
own-arrow.png" style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;verti=
cal-align:top;" height=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;v=
ertical-align:top;"> <div style=3D"text-align:left;margin:0px 0px 0px 10px;=
line-height:1;"> <p style=3D"margin:0;"><strong>Polkadot</strong></p> <p st=
yle=3D"margin:8px 0px;"> =C2=A35.73 </p> <p style=3D"margin:0;font-size:12p=
x;"> -5.13% </p> </div> </td> </tr> </tbody> </table> </a> </td> </tr> </tb=
ody> </table> </div> <!--<![endif]--> <div class=3D"mobile_hide"> <table st=
yle=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=3D3aca=
56371967418192255878e9689713&_m=3Dd3b0aed455454ab3881ff30c6afbb97f&_e=3DFkz=
AKl09o1WRg7cwFpdJYDpoqdD6wze5QGGn9GBT0aqAUj4twED78qD2fzCZJRbVx70rj8diwUr-hy=
XASpwHt-BKhU0DXVKN6ukx9qHZ2q2l7kJBIwGMCdHvrEm_e7Q_yKs7rmhX-Dm1SOJ-7_0zfDBeQ=
RV2wfxDJPl0-V1EJcwrYzqpTxuYbLpha60StCOLKwrXGNA_BxA28qC01fOVlK8Nej15OYehBi3r=
EUSXvttriCA_eEN0kwPbo4Ki_rvDdauhdXr2VaPbSA-J29Cl9bBHMR_XeQN7tP2ZoBxP3TU64pC=
GqGNejsBFbELQUvSTR5nTiksGf3pdUsilMjjIdWp8sUtDZ82xW0ZdXCsonvGsfEcUevYOqbSl_l=
OR4oP2Ul5vSOmrcsq7LmIs0UUnEH3k_fSJaAvJQCOXhc5b4fU%3D" target=3D"_blank" sty=
le=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=
=3D"padding:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.clou=
dfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3a=
ca56371967418192255878e9689713/down-arrow.png" style=3D"height:12px;width:1=
2px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"12" width=3D"12"/=
> </td> <td style=3D"padding:0;vertical-align:top;"> <div style=3D"text-ali=
gn:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><st=
rong>Bitcoin</strong></p> <p style=3D"margin:8px 0px;"> =C2=A317,608.68 </p=
> <p style=3D"margin:0;font-size:12px;"> -3.42% </p> </div> </td> </tr> </t=
body> </table> </a> </td> <td style=3D"padding-top:40px;"> <a href=3D"https=
://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd3=
b0aed455454ab3881ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYDpoqdD6wze5QGGn9GB=
T0aqDjBwQ5YvJ3s1pYioPFXRdVcTQqHJpLeuEIzSzlODJdztZeUa8PIREdcT82egaAq58EjRa9e=
I8cHk4PPcr_1WzQXGgZ6si6HsztrSsgo6FrR3p_4plONgHcQPCINd4DcOros7o__wyA8tbq-ilV=
6TwzkyvEAa5ld-8EHj070ZKY_W_FbnSC2WImnQ3H4fzz4BmynDdwQcKPGuFNCJx81cOixsYrH3l=
daVh6Lrp6l9sYcMMZ3c4MMvgJ4LJLVcX3s9WDoSh9fgFeFaayz9id4B_mgo-MynlKuEeRNRt1zU=
3TXMDPgcXKpcJLH7YPzaNbKbbs51TIEmQ6PFmV6NbC5pmNB4Kj6FamkPIV6dHfrLg6g8V0QhV32=
ZVyasOcVmIxx4%3D" target=3D"_blank" style=3D"text-decoration:none;color:#0A=
0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical-align:top;"> <=
img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/6=
69d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/down-a=
rrow.png" style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-a=
lign:top;" height=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;vertic=
al-align:top;"> <div style=3D"text-align:left;margin:0px 0px 0px 10px;line-=
height:1;"> <p style=3D"margin:0;"><strong>Ethereum</strong></p> <p style=
=3D"margin:8px 0px;"> =C2=A31,023.89 </p> <p style=3D"margin:0;font-size:12=
px;"> -1.38% </p> </div> </td> </tr> </tbody> </table> </a> </td> <td style=
=3D"padding-top:40px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D=
3aca56371967418192255878e9689713&_m=3Dd3b0aed455454ab3881ff30c6afbb97f&_e=
=3DFkzAKl09o1WRg7cwFpdJYDpoqdD6wze5QGGn9GBT0ar2nD4SBc4WuYSYgUG6ExZMosmdQv0-=
PzOSXTwePdrgwCPd7juUw9i2QqgI19ilFsOyiEpe9ajy7MwndyhYPPnqCrCZW2BkdzufTSpUgiL=
YSZ4ivUc5bKPQZryDaVbrjXj4gTeppKia0UQvdXq6B7uRJrfpi_CLrz1ZQW9tXdw2vL_hCLPmGT=
j0WkzM8GjKnVl6TJZ-EVZSeXrA7WqONkpngMT2FUGiXwqAL85rKzjQTEJU_pn3_gtBDk9q_LzJe=
hal1E0ZSPZbd-MHWvGZpBtsOpA_XArW-YwmHpN4JGnR54NMeRqxQiAYFVyRhe9UxdAb7qb83XpV=
Tx1TJec8MLoKCS7zH61Yta-_YiThxrAqSLTCI2Go6yNELvI4X0lZAU8%3D" target=3D"_blan=
k" 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/down-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"tex=
t-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;=
"><strong>Cardano</strong></p> <p style=3D"margin:8px 0px;"> =C2=A30.37 </p=
> <p style=3D"margin:0;font-size:12px;"> -6.18% </p> </div> </td> </tr> </t=
body> </table> </a> </td> </tr> <tr> <td style=3D"padding-top:20px;"> <a hr=
ef=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689=
713&_m=3Dd3b0aed455454ab3881ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYDpoqdD6=
wze5QGGn9GBT0aqf4pk93uBp9wx6cAZTuQEIoIJJ651UG3ySBC2t9hel7F3q1lYCQTa-OEpkbt3=
rGTbPCrSYBi9SSbo8e1CG9gKcdF_s_hsOh8K10_PLEpOLFIQfj8lp0POcPHgRbKAiSPWrIO-lta=
WCrUMm_Wma6JAESsjyNLX-bs4xwZABLW1gH5Fz28TXyqccU6hENL3C0gmpogksYcxQ6NGsIypqW=
CINhwlJXmTFik5GudUuyeoqRv5Yp_WgN_MZG_LMkfWz-m3tm--FMKG1Q1pdwGqlMseazJbPoP4f=
VBN_JI7PuWXxoPqxTQZcdcCfDb7zITray7oSbogTGOnqB9iVsMmRMkblidF4oQv38gZj1-zBsQ7=
pFXdgX9b9YC1F8K3LLWxfmZs%3D" target=3D"_blank" style=3D"text-decoration:non=
e;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical-ali=
gn:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/In=
tegrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e968=
9713/up-arrow.png" style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;v=
ertical-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 1=
0px;line-height:1;"> <p style=3D"margin:0;"><strong>Solana</strong></p> <p =
style=3D"margin:8px 0px;"> =C2=A331.70 </p> <p style=3D"margin:0;font-size:=
12px;"> +0.89% </p> </div> </td> </tr> </tbody> </table> </a> </td> <td sty=
le=3D"padding-top:20px;"> <a href=3D"https://links.coinbase.com/a/click?_t=
=3D3aca56371967418192255878e9689713&_m=3Dd3b0aed455454ab3881ff30c6afbb97f&_=
e=3DFkzAKl09o1WRg7cwFpdJYDpoqdD6wze5QGGn9GBT0arb0RyjQqKrAAdjtNL6EZBSBalejaH=
68mXbXBOSxaaNon378aMHDdF87j9lTZ-BGYnHtGIMsCQpXQlTi07YozQf7z0UVGmSVBotiBLXBT=
ITiIoB9TfinDJp5YxGne95KLn1_jdt0SANw9SLRr4TWN4gGODZS8yQL4ZnRB-UOFKVafF0OUz-8=
Vb4D1TJ4HyHegQu-Y37vLML0ryiAhr-EP2DA4D6ABbV09FJxdudB6ga2MwBVwVGSeJBffqjwQ7M=
V61Eg8AK44RoTY18MvjhkI4Pmvo4F6eGXGfVRs4VRSJYmc3VWqgIZauhGnagxi8U2Z7IY418one=
eVMEqXyWx2QowjUYC7-8c1WwmHEb2B0WHOVf3XrCgn_q7l7G_LEW8xHY%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://d15k2d11r6t6r=
l.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6d=
d6a/3aca56371967418192255878e9689713/down-arrow.png" style=3D"height:12px;w=
idth:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"12" width=
=3D"12"/> </td> <td style=3D"padding:0;vertical-align:top;"> <div style=3D"=
text-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin=
:0;"><strong>Dogecoin</strong></p> <p style=3D"margin:8px 0px;"> =C2=A30.05=
 </p> <p style=3D"margin:0;font-size:12px;"> -9.46% </p> </div> </td> </tr>=
 </tbody> </table> </a> </td> <td style=3D"padding-top:20px;"> <a href=3D"h=
ttps://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=
=3Dd3b0aed455454ab3881ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYDpoqdD6wze5QG=
Gn9GBT0aouyNpzw_o4-cv7OUbHrUHv1eVAVSjKZpqX8u9l4vLqP2ZYT3_DAzhgHPdWed0xdw5x9=
eio5iN3R0p-J14SK8bWCGI5gu_mTR-K1XEaBubtNOobjKRr8WLGQqQk0wJSM3ARVOpCigDMHBns=
VAXTFi7gunNOp3oiYO3EikMO3qAuGGwahlEZNGVd8Bo0A_9HrxFLGOADq1Ap2smVszZ3LUAeFPj=
t6Gm8j8_Q6hICKejX4N0WeAkEzhuZJLkGv2s7VoE_ey03BnO9Wjv4T8t6evUKub8bItpMKxmeRX=
iORpzfEIVoSnydtRVq__jFB_sMd4xkOtnI9FczpBCMXc-nauubq9_GX7lpkUnAI_euxEHtVL_VB=
k2tN4xpiwLmHQe-JDo%3D" target=3D"_blank" style=3D"text-decoration:none;colo=
r:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical-align:top=
;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrat=
ors/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/d=
own-arrow.png" style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;verti=
cal-align:top;" height=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;v=
ertical-align:top;"> <div style=3D"text-align:left;margin:0px 0px 0px 10px;=
line-height:1;"> <p style=3D"margin:0;"><strong>Polkadot</strong></p> <p st=
yle=3D"margin:8px 0px;"> =C2=A35.73 </p> <p style=3D"margin:0;font-size:12p=
x;"> -5.13% </p> </div> </td> </tr> </tbody> </table> </a> </td> </tr> </tb=
ody> </table> </div> <p style=3D"margin: 20px 0px 0px; line-height: 1.5; wo=
rd-break: break-word; color: rgb(91, 97, 110); font-size: 12px;">Price chan=
ges are for the past week, ending on Jul 15, 2022 at 07:59 AM UTC</p> <div =
class=3D"cta_button" style=3D"margin: 24px 0px 0px; padding: 0px; width: 50=
%;"><!--[if mso]><table width=3D"100%" cellpadding=3D"0" cellspacing=3D"0" =
border=3D"0" style=3D"border-spacing:0;border-collapse:collapse;mso-table-l=
space:0pt;mso-table-rspace:0pt;"><tr><td style=3D"padding:0;" align=3D"left=
"> <v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=3D"urn:sc=
hemas-microsoft-com:office:word" href=3D"https://links.coinbase.com/a/click=
?_t=3D3aca56371967418192255878e9689713&_m=3Dd3b0aed455454ab3881ff30c6afbb97=
f&_e=3DFkzAKl09o1WRg7cwFpdJYDpoqdD6wze5QGGn9GBT0aoguPldq51pWbjFygYp44RbyKQH=
bY_8Yzs3R545H7gOgRJt49yOhpYH4ej-lTvBe3dK72cYhRymmGLAt1CN1JudPYfsk1VKFnEXIiS=
8EDJkuVuMTn2Pyp3BkbROAh4y8WcrIGJIrExUocTYzZOsuh04Ao2VuqgzHrWROZWLlxCWs_aRCq=
nouIjqHGXT2cKA9RaOuSKwqPwwRCgZx0lPCNwkpuGr432OxsMMpNcAkH2ESKePjE0-kRzHVt3zC=
DKuTxyzh29Lq5JwgHJmZJjZ-epm-Ph0KHnfnJfPzELGybiL7erbKesxn0A9S6MYWwjVQZBT1Z0H=
VzejssgYLNF2kahd" style=3D"width:350pt;v-text-anchor:middle;" arcsize=3D"17=
%" stroke=3D"false" fillcolor=3D"#0052ff"> <w:anchorlock/><v:textbox inset=
=3D"0,0,0,0"><center style=3D"font-family: Helvetica Neue, Helvetica, Arial=
, sans-serif;"><![endif]--><a href=3D"https://links.coinbase.com/a/click?_t=
=3D3aca56371967418192255878e9689713&_m=3Dd3b0aed455454ab3881ff30c6afbb97f&_=
e=3DFkzAKl09o1WRg7cwFpdJYDpoqdD6wze5QGGn9GBT0aoguPldq51pWbjFygYp44RbyKQHbY_=
8Yzs3R545H7gOgRJt49yOhpYH4ej-lTvBe3dK72cYhRymmGLAt1CN1JudPYfsk1VKFnEXIiS8ED=
JkuUcvXnyyMfPliM_hPO0d1xFOkJPlK6YR3d4AgY9FZxZsVOfAKudOFcVVxOTXkqPxrsaIX08g1=
m_OUIcG4MUjhkfhBMBxbJfwzpsyqomcdYQuiK0szVfk67fQtj9dKwKCq5mdrHUX3hu4f-SZCdsU=
Asf4eyqC5EXTAPZ0kLjtKs-BpQbArzEyylNta6Da_DPVokefmkEpCOhcstwLn9sFymkYLVOoBfD=
rtD4WZ3oWQ8pp" target=3D"_blank" rel=3D"noopener noreferrer" style=3D"displ=
ay: block; margin: 0px; line-height: 1.2; font-size: 16px; text-decoration:=
 none; color: rgb(255, 255, 255); background-color: rgb(0, 82, 255); border=
-radius: 30px; text-align: center; padding: 18px 0px;"><strong>See the late=
st prices</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-s=
pacing: 0px; border-collapse: collapse; min-width: 100%; text-size-adjust: =
100%;"> <tbody> <tr style=3D"vertical-align: top;"> <td valign=3D"top" styl=
e=3D"word-break: break-word; vertical-align: top; min-width: 100%; text-siz=
e-adjust: 100%; padding: 48px 0px;"><table border=3D"0" cellpadding=3D"0" c=
ellspacing=3D"0" width=3D"100%" align=3D"center" role=3D"presentation" vali=
gn=3D"top" style=3D"table-layout: fixed; vertical-align: top; border-spacin=
g: 0px; border-collapse: collapse; border-top: 2px solid rgb(222, 224, 226)=
; width: 100%;"> <tbody> <tr style=3D"vertical-align: top;"> <td valign=3D"=
top" style=3D"word-break: break-word; vertical-align: top; text-size-adjust=
: 100%;"><span></span></td> </tr> </tbody> </table></td> </tr> </tbody> </t=
able> <div> <table style=3D"margin: 0px; padding: 0px;"> <tbody> <tr> <td s=
tyle=3D"margin: 0px; padding-right: 11px; vertical-align: middle;"><img src=
=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713=
-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/dot-1.5x.png"=
 width=3D"12" height=3D"12" style=3D"display: block; width: 12px; height: 1=
2px;"></td> <td style=3D"margin: 0px; padding: 0px; vertical-align: middle;=
"><p style=3D"margin: 0px; font-size: 16px; letter-spacing: 0.075em;"><stro=
ng> MARKET UPDATE </strong></p></td> </tr> </tbody> </table> <p style=3D"ma=
rgin: 5px 0px 0px; font-size: 32px; line-height: 1.26; word-break: break-wo=
rd;"><strong>Bitcoin maintains 2022 lows as record inflation rages and more=
 struggling crypto firms emerge</strong></p> </div> <p style=3D"margin: 16p=
x 0px 0px; line-height: 1.6; word-break: break-word;">Another month, anothe=
r scorching hot inflation reading. On Wednesday morning, the consumer-price=
 index (the CPI is a key way the U.S. measures inflation) increased 9.1% fr=
om the year before =E2=80=94 meaning shoppers paid sharply higher prices fo=
r everything from groceries to gasoline to rent. The higher-than-expected r=
eading immediately spooked crypto and stock markets, as Bitcoin dipped 5% a=
nd the S&amp;P 500 opened down 1%. Elsewhere, the liquidity crisis gripping=
 crypto firms Three Arrows Capital and Celsius continued to cascade through=
 the market. But it=E2=80=99s not all bad news this week, we promise! Let's=
 dig 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>Forty-year-high Inflation, and the Fed=
=E2=80=99s efforts to fight it, are pressuring both stock and crypto market=
s =E2=80=94 and sparking recession concerns. </strong>June=E2=80=99s histor=
ic 9.1% year-over-year spike in consumer prices outpaced the 8.8% Dow Jones=
 estimate and coincided with the biggest <a href=3D"https://links.coinbase.=
com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd3b0aed455454ab3881f=
f30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYLlsX2eEU4eKstmqmLVihIB-0K9uDF3xn6cUF=
6mfoe_-6gyJ6mYfypo9FQIkuIFkDwQczVckMD2CxlTKIt4JwvlbzE2jABLBR3NcRqyua8F7ZLJE=
CALotXTH7x05fXBYosvNKwrXnZ71CcolVgne85Bj6931ItmY5yrUtPyM55-cg9230bL4e-D-S8e=
zAkRd5Fe8E3LdfXUY5QIDWNssK9gzgorODDsb7wXgu9D-cohHsSndJMDWC9jBSQLfsFgIGbGyyM=
gGs0f4FWTn_lnUrKvwkZIuhSUM68KR_sin3XBEnm19h5kAqpY2R3y5qnWjD9ceSqxA8vJW9xBON=
eVfT678rvYftdxDKOvOnjMr-2Fbv8qvqxcVsf3KMvWXN9BkUrGal3thTWAwxHhYA-NoPcs%3D" =
target=3D"_blank" rel=3D"noopener noreferrer">yield curve inversion</a> (a =
key recession indicator) between 10-year and 2-year Treasury notes <a href=
=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e968971=
3&_m=3Dd3b0aed455454ab3881ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYBSJJGhW3l=
H0ricHBvox_J3ZFBd1LSTyxkVxgww4GpEsxsE1afXNZ9OYiMSYrN_tdDT3hBlM64h6tzGEKqPDa=
ItPGHKHcco-tTC_uS-0mqMl8D_9nNw76pucSLFIrQ-EwOU7OKuO03jOzn0ANFAfWfWbIVxbuRdW=
n4dt7mg5UEZAZzmxFZVr-G6yclV43_smwU3adl4ZDQ-14riCFzj8Ou-DnZZGArptfIGKowF_dko=
u-H4oDe5MaiMTNxZa0kr28jj1rN4n8rpFv4rDsvW0LRaZ9oRflfLrYswDbvFqKtC7U0s9tAfFWW=
3ockZ-UdJS8Rjjkak3QYjm5Rj6NPVDekvo5g_wuEeqiP2EQrTihEdxyhXJGAVCv8wmFGF9VZKZ2=
pDD3cYqp6vL1ybzNihyeEGU5J3rkU7XOOeaWKUSVuzapJNx1HE5Q_r64G3blCXnLpkHyfmwsyAH=
0VT0ttdHR5E%3D" target=3D"_blank" rel=3D"noopener noreferrer">since 2000</a=
>. The latest inflation report <a href=3D"https://links.coinbase.com/u/clic=
k?_t=3D3aca56371967418192255878e9689713&_m=3Dd3b0aed455454ab3881ff30c6afbb9=
7f&_e=3DFkzAKl09o1WRg7cwFpdJYN-zZCn8zllYsuDk6D_zRcmU_YekxvOpbjHRa3GLnc8bixD=
S1pkDkwJgwENzD4vg71otyWO2rrF3Z5VlIuUsBGM3NWYTLrl8zcdJzCslAVHO79xOgKYubQBb0s=
I05Jy8Mk43KqQ44-Toa0Fm5i4Nz7qdYSYB2Ym8HSJXf0XZFEON1J34JGuBeZv_mFgQHL94TKPog=
NIzGCid4addvYfGW1h97qfyHy7C0GJHQQ_L6NPrfS2OJI2SS7Cr-n18AD1pv7VgVdNTt6keudEX=
i26qxjByIXsgh-anzygxsIZVmJ6mk4RX4vTLGwGJLNfIZgEWxVX-k4k0W18GSI7iESSIaKKZmtZ=
1MsDqcXqhb8tcsCA3M79Zf_nxp7fhv4A6OmMZBaUg6EfhoTeemRyCmmO3koeJo2cc65aAWXGTJj=
AHPtL9K9H9lvbEGYIMyB5BFcSmcFk5Qa1cTBybxN5JKrkK_FmfOAQXatfpgJwN901_kO-cNiOQ8=
DUoq0_8ediVI2ZZ9w%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">like=
ly means</a> another interest rate hike is on its way from the Fed, which h=
as been accelerating efforts to unwind pandemic-era stimulus. Riskier asset=
s like crypto and tech stocks that formerly benefited from <a href=3D"https=
://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd3=
b0aed455454ab3881ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYInz4BN95rWbtvwTazG=
oMN7xMkkPGi0jbYu0XQzn15jCQr8zka4xBAfGIvpzV1ra45xVPp3dG0DXKz7gw2RuX2wFvrV1dG=
nSMOV30Tf2mT10pXD65FlWPtxd7W3fyDddD7HFimCU1626v36u2yJvsdIzeQUPkN_6qBRvXNCAq=
7377t5AJZgoki9c_rDE8yJ8qVbV_0FEQmho15bPpzZfRfVLowxqayQxL7SuGriBYRH-WwwWubXe=
a8yxepGV_GLXGdr4Wup9J14kG8Q4TyQnTPUvxv6XU5LXb5jtUEyTGwoJ6lsTSzsJZBMzwL6y1Xo=
Y89jRjbJvqr8JpeY8ncSL-txDk9ZC2jM17AoDRca-3zOXu1jffvyHe67YyF6J5EsS_gggmbMZUU=
G2Y3q8nqr8vZHsoHNsE83JGbGvp57riQ_7wAQTo9mprItqgtJvhF2imQ%3D%3D" target=3D"_=
blank" rel=3D"noopener noreferrer">excess consumer cash</a> have seen some =
of the steepest declines as a result.</li> <li style=3D"margin: 0px; paddin=
g: 6px 0px;"><strong>Two months after the Terra/Luna collapse, liquidity an=
d credit issues continue to ripple through overextended crypto firms includ=
ing Three Arrows Capital (3AC), Celsius, Voyager, and more.</strong> After =
filing for bankruptcy on July 1, 3AC =E2=80=94 which had managed $10 billio=
n =E2=80=94 has seen <a href=3D"https://links.coinbase.com/u/click?_t=3D3ac=
a56371967418192255878e9689713&_m=3Dd3b0aed455454ab3881ff30c6afbb97f&_e=3DFk=
zAKl09o1WRg7cwFpdJYMmwk-pM8LV-p2sc9Pv0fWg2ehzIqZ3ttKmqwkce_ZXR3WeK4a0xEcxlb=
OPtUWuz6-pIMeD-znq4a2EOEOdsWz4A_aj5zyMAmoXSBm36fbdjzH0KsbfYbQ1fnAx_kIOwU7-V=
Wnkm37dirvshQG_ncD4zXiwimVrnCKIB9nXJd9HJf40IaJg-CEYWH0zK3gqyqWbiyg164QPKClC=
CFgbY96x1HfEJyOXgP5QZm3VSEKKGnBenu5_WTO6X_-u-emXIYfe2a_9OqcuCpsFJ0gaFEEPQbJ=
rmlpeXcS0xduIrWRVYMwyq6VPgPTl8alEUY3Onq_XMkpSJvdiow8LwiiU3WZ2QXu9cuw5q0DNnq=
IuV7dLbftFz8ZvSsR1S_1tPZj_DpJ73k91JBgDkH7FI8x7SVZy9qqvFLPVzUgJjHDf1hDH8x14y=
py_BsdCZQxSVjIhUdpMWN2wZZTx5WnM3nASn7idhKQdMjJlHE-dvgJdtTnMs" target=3D"_bl=
ank" rel=3D"noopener noreferrer">legal sparring</a> between the firm=E2=80=
=99s founders and its liquidators. The 3AC fallout has impacted <a href=3D"=
https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=
=3Dd3b0aed455454ab3881ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYB2KRjtJQQfmJJ=
7uDmbavkAt2jlCIFoAVHUYNss2HHH_ufZMUx-Fe9v7YJI2WfaUfqJvhCoriaG6w50APoNFQzwbf=
jUEqrJZkNt6eHtudOVP4CkFIclsIQuI2NkILDsGFzJpPWG6U2ji1QCo7tIygBjOiqt-bn8IeRIs=
UbFAfDX4cadLLOPFwGISjH6ca6IEx5LKAlGwCUaBlRWwQI3j4emPX887Cgv36N5so5CFApyRlQG=
AEuHUN3p0IfE-c6e9E_ErwTTLLlDtBpax2gSe4ahxSP2tz7WlYkehiBpbZYRjxFzr985Dn6vo81=
UzTgpFPFopdyS9PC_yWMihAG7kpz267xjPManWHFq3XqtJS4m-Vo8X4Mr1YiHSc4QE1nLyxO1v-=
sqzqGye2v5hEZEkXs0gWswpJDuaF6vFT4l4t3r05wnfPV7hswUta6dduObexGUGoVXgcwroVAKg=
i6znpjvLJijVL_47JySs_1xaMUaN" target=3D"_blank" rel=3D"noopener noreferrer"=
>Blockchain.com</a> ($270 million in losses on loans to 3AC), <a href=3D"ht=
tps://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=
=3Dd3b0aed455454ab3881ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYBSJJGhW3lH0ri=
cHBvox_J36QV4m5ZmhthTmUzP41wxg3X1swTuEEzd18seovKpFHaDPPVTX3wNwjYVtG_ONLtS87=
NpSWpuFtgSx3SFl-GGdOTJhHD_AvDhVORIU46QQnIYBMCVA3aJLWO1cocSs3fC2uQ0q2h-pDDQr=
qTGay-COgBsRqt8vqbCbfnncdqMV2YJfjlooaNoMSUW7-yK0wzcgMZy-aqKwhwlbHAtjufauCvh=
9NkcJuBOnb7fPO76mbBtRELpcbk21r-5Lz6Gg4QC-DpJPNE8qEF5fvM39VfecuFQocFnNm72zVG=
zm7muhWiEz3Pg6jE_vNEHo6m-HCJXtrkeBQqRBt8GilerrFdxXiAdoIhXbvSzyXyiiyh9xOZ0zd=
Z_eYAq1_ZAvPJt514iJc1sARX1gPu-z7HtIdh_C_uh2a1fBjNjYq7rE5Ds61p4nRuJu8g51F_eE=
s40bIQM%3D" target=3D"_blank" rel=3D"noopener noreferrer">Voyager Digital</=
a> (which filed for bankruptcy protection after 3AC couldn=E2=80=99t pay ba=
ck $670 million) and <a href=3D"https://links.coinbase.com/u/click?_t=3D3ac=
a56371967418192255878e9689713&_m=3Dd3b0aed455454ab3881ff30c6afbb97f&_e=3DFk=
zAKl09o1WRg7cwFpdJYN1RSMiDW_xM9tZ84H7liIrCu-7OKMoaFXCiuMQpByvqI-iQ4FbpEldQW=
8M5jtfXbG1VCzNg9tGp8Pi3r8LK4vnAkrzRI66uJwd7mW5QxnkHefY16gVKBASyaEzi6BzV70DL=
nV0EGI0oeidT81m2vOACcQP17OwBqUBZKN-PPKzHrbpgWB77mbeZ50Q_bPHoIXYKpgvjMKlDWlM=
6QItR0SWTOJ7H1AT-aCLwrN0Up9FdOQkETBy48LFnePz7uWIoUo_v5fftep3Nz6HRrItDUdF6z5=
HwYRjcZCopR2Zf4UDdLlbCU1NyTqlq9W0t_vayL0hER2gzLkBxCd7VK342egs53Xs3YInVQe5DO=
iyG0awwVUKUXlK0A34EA6q5H9OSvGAh7JuK3pzoJUqRZi11j73TozSiL36KNhVur3RRUQBi" ta=
rget=3D"_blank" rel=3D"noopener noreferrer">BlockFi</a>. FTX CEO Sam Bankma=
n-Fried has since =E2=80=9C<a href=3D"https://links.coinbase.com/u/click?_t=
=3D3aca56371967418192255878e9689713&_m=3Dd3b0aed455454ab3881ff30c6afbb97f&_=
e=3DFkzAKl09o1WRg7cwFpdJYAVE1zy-m1Ao2hsktEGvYAhR8sRdre225BFWJ_52_aaszUCRwlq=
3iM1k737F29oK2_Q6npETla8xYknYxtCbmL6tEHOPPgWYZe3lN1_GNFS_aqV33Sy-SDuEp-XwfO=
3nCChgAnX68r0d3181L6ZAOJo7lzZurmRbRBw8ACsGSZlyzaWl92ED7rmiKs4P0YcAF3WObJBmm=
vXDOAzIWLcP7kVKQ-G7R92oUvdbN-NYyS_soqrq8X6NxOignk6Un0wflJaQB6BGCKccPpcsmXmS=
betcrbRcba34Wh_XrHz0W-91SKw-9zEjMMgFjT482TtFhL3amSGQqhciO2l1b2wyzg8TozkjVNk=
E8EKTP0gqKZ8VawfrcBaaYfvWsoaEUSw4zy8z9ihgbPb8IWhU-fr0oI73qrS2YSLklRN79iO1AR=
o7X0TUJNiu49T0s7tj2fw7EQ%3D%3D" target=3D"_blank" rel=3D"noopener noreferre=
r">bailed out</a>=E2=80=9D the latter two. Meanwhile, Celsius =E2=80=94 one=
 of the first firms to pause withdrawals due to liquidity troubles =E2=80=
=94 <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637196741819225=
5878e9689713&_m=3Dd3b0aed455454ab3881ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpd=
JYMmwk-pM8LV-p2sc9Pv0fWgOr6CKWFMWEb7ldimuij2tXjrMbBnypt_uldemCz6wJdge1QDHsd=
kQCAyOAqQQJig_KVY0Zc7pfuiAbzwJmksgjG92BWAQiHbi8fd70y786QD2E9ZBHyjF5Jl1Djva9=
fA5-H9MKiR5vGnYL-fZjaixSLXW-9wnlbo_mV3Bm18xEScWMag7gwPnjia865rLPnV-jZ25I_cj=
i1--pLjlADYWkvX42R_Wa_vFxiu4k657Zi57j8UoADaJMFYfeJvJr8gnZXq9Yz7NuC_LXwEW0wZ=
Ba_ynO3PbU7Zr-cnWNzXJQEyKRVaU6A6GcX8pXsIibCl2nHPfDvJUH_5RPlITaOkskVlrn7oYe4=
zgHjupV-O81A-Hxsq9Y9K_XkHoA9Zk3drcsTDc8KuEzpqqqacJvMyZcOgsLgCNdFH9rBtLdJkeg=
kim0AIFuXI3pgsMyZtGBk9ZU5UP-wm3_D52SYKqVY_4" target=3D"_blank" rel=3D"noope=
ner noreferrer">paid off</a> massive DeFi loans before <a href=3D"https://l=
inks.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd3b0ae=
d455454ab3881ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYHw_Yy4kzyIBRlqeVVH_FvK=
iGpSHv1XD90K8XuRKCPt_0qDODmZNnudQIMsHQDvpOmX2-vxweEmlB2fOqXx8sOD_szz9yIzReQ=
YAnzKOS21EYbsU-aQdpaTmzxhcH3GmRW-hcMXfNTfUjhoslLsyreRq-FkXl53bIEi309GsqHXQ5=
itAGwTR_2Kno9mEShc6fFx72Rxt6prZdCC6bJeWprjBn5q0Tix9u-BXqSYjdCXlBM7qW-0U9GD-=
ZdNwvGamFuDwPkNkauLDs1gD_2dO33P7wW5DX6e2l2SAVGNCszj6oaIhxu4hKAKOxvtmZRt3hfK=
jGV6WgkFcF6f5rKegLRTxxSziM1rfqxd6E-o5_uhKThb0pb5yVeq48lhFBjVNfN4cSyax8U-fKh=
QEmjqSbI0esORK3z8cunAIseijjuJXoZdjk9xZpyWS87U9F4T-qDKhRvOvcBW-JQyuyKX1GFRkZ=
SJAult_d1GIzTobgozCKpzYBM-YzKVPr1iNpcuoLWtC5YBo_NJ2Pk8KDy203XNCi3RDu91cBI7r=
Xx4yq2us" target=3D"_blank" rel=3D"noopener noreferrer">filing for bankrupt=
cy protection</a> on Wednesday night.</li> <li style=3D"margin: 0px; paddin=
g: 6px 0px;"><strong>Bitcoin mining firms are feeling the pressure too. </s=
trong>Despite falling crypto prices, global mining power has remained <a hr=
ef=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689=
713&_m=3Dd3b0aed455454ab3881ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYJwcou1_=
KgfOASNjvL_lzAnOuu2Okic5CNxMkRVxn8V7mB7dvmZBOChc3x3hn73O1T21dx_DCZ7dv6Uz3c1=
wvhk0HzlWb-PHoiRLPpCb6w1ntuu5UhlqF5qx_EhcsgVGaCsU0dCQK2NLJMkzNSxfeDSOgy3nGp=
5TPRGYy_LMVw8kz6NJm1Gqkju4-QtJkKtyHRKwDZZA-3iLuSZ2crq77DsJklMP5YUEJr0ty7Jg_=
4zGvdkPIkuioPfHV0KVnXyMreFa1OFACBT673I3urSq-UZhAYG14oX0jXGvM9sVkYOh-lsFzbSZ=
nJxRD1VfzW0UbTXck3OBD5FsdLP6CnvHqKiY5LO91XGDKRFZbrovjBh-NP_RC7ZfT-CMrp0tkSE=
XxA%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">near all-time high=
s</a> over the past month, meaning mining-energy costs are high even as cry=
pto <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637196741819225=
5878e9689713&_m=3Dd3b0aed455454ab3881ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpd=
JYLlsX2eEU4eKstmqmLVihICaBoWCbNCDO4Pd4jxXmlUSk_O8wnnUwX3geDcBO8Gd5AAC8sGcDN=
sviu_kE4bgyPUIhddqH1huy9C3UG_BpQeW1Em9u4xNJ5JKE3SI6k9iACDu8rhQXKE9yMsiLGUBC=
qC8fOT2SRqCrSa4WutdwlXdzYQgLSOud0NNSNACvFR5jtgLSefXPBrToTqzhbIF69XNPaVebieq=
fkoTDGFQ47C5a4sVKavwA7VClVu9GeKuGgWnGrwJEtL554L0UGuwYvfTzPx_XCqapGUgtgCjMIJ=
SKBUlz3swE-cMAZabs6JC3hGYc3Vt_sbaBTscvV2danlmeRqA55GNCC6edMX-CRW8AEx2X7MOLC=
_SFLjGtPjY2EyvlW4Quza2W3_j77z3fek%3D" target=3D"_blank" rel=3D"noopener nor=
eferrer">block rewards</a> have lost value. As a result, some miners are se=
lling their crypto to pay off expenses. <a href=3D"https://links.coinbase.c=
om/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd3b0aed455454ab3881ff=
30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYHw_Yy4kzyIBRlqeVVH_FvKiGpSHv1XD90K8Xu=
RKCPt_4VFZHutgJFUWiEPsKGkv1AvgRz0iAz-hcbhJM6x4tefZNwZZ9_YGQf5pIz7GEL8Hq2ZwG=
XHIGnB42BouIaWJwhDyM6RFVfl4AosFlmrpRtqw6tIgDmVB9JAG7p8ZZdgPN6upGuxuHz0Vy_1m=
-6r9KXC9O0-x2Y_4T00BERgGu-9Si0lzW5dYfwCelbSGtDvqFYBzki0qgFXjYlAoBdkRll7vBCj=
KvpqU0aDVDrXITTphgLBanfA-Oq4DYUEQ8AatGofhyFATjFg0zm8B3tC7BCThICqYlMbwdr_feR=
MY-7v_zikX2_46hz6Jg96fyUX6YahDdH3dhRj2ANRsmvypZgQz2l0whvrfwkKKqFM23aBj7uSYx=
COT0-YWQ5Pi_2FqwuSyfBqCQ1Virn4iEetEEYIBwQvDaV2hqDFNb3ev918%3D" target=3D"_b=
lank" rel=3D"noopener noreferrer">Core Scientific</a>, one of the world=E2=
=80=99s largest miners, sold $167 million of BTC (over 75% of its BTC) to p=
ay for servers and other debt; Canadian miner <a href=3D"https://links.coin=
base.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd3b0aed455454ab=
3881ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYCihCA1OzcmmQIaTNlEpsjciCrDYv_Zy=
zNiGKq77xDdzcIC1kLJ3CEpU4AroyYdCtQBFEHWfymsZQ6wGYEGerPuvBYfLorMH3LQKbXn1nfw=
QgGU0_TDbpzaaQ_tam0u3kaTWyR3yUgS8lm2ZYCJee_MtjXNUw9ydV1etd2n1oGjJxmkCAAZy82=
b0gpNJp0PghyVm5QvpENeL2avjMIL1Wrkbuc-vpg13-w7J_-8QtE3v-y2MEFZyen5snrqiCVpiD=
-NCXCjV9BtHUy-ZyzDGTxMBbDDLIuy2a0TQSmdHT2x4xFz-AoAkGTXO3uYePr-x6Ta_8a_lQNs4=
o4_Ad8HSoMLO7edAOzpyj42twnZrI-R6X9bPcNilCZHuKxgaHVeHVYcakBXqOn6zPkIGVL6LaTf=
S1hzdWXVZvUWfAJ97-D7-tqfU3OmykHkjQItPpprMXFFpDcZf9KpXE_7uwEEHHJk%3D" target=
=3D"_blank" rel=3D"noopener noreferrer">Bitfarms</a> sold $62 million of BT=
C (50% of its BTC) to improve liquidity; and <a href=3D"https://links.coinb=
ase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd3b0aed455454ab3=
881ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYKFzqwd09jXVTQ3Z9u7Z2J9e0NH3FoVJv=
PWtmVAMOuEsSJtA2aEwJWptKJ6-Ego9dsazEweGn8_GTudC6Uw5cqxNxGNDnKJ2XocengywUDwz=
Ey9-jo-ohF3waRFayy7CcLSPRZfZ8hs2ssYYgiUB0eCP6xY6JtatjKIHKF7cj5twMAbvChrc5mX=
12BWXDjW2iE8ZpqWRK7umb3uHWp7iqayF0s_zqY2G2S7ymR8QxJid1tuCgtf35ie54VUfJsMUQv=
QEvO7bh61DyOoE2AhBlCvRKyQSh2-NkVzqkKKJuVaCMJVOm9RzGLfB29FQGn-a9Oh2KdjvI8RrJ=
A9g3u6x1j7bEcNZUdSOHKPPV5LrGZ5E3aXVTvltFBP_ZhiUM_hyBkcESGGbhiCIdaQXQnq84Cwb=
6S2aS5kHug5oDOfw2ktB4kMa316YddBQeH1Zt_hhbg%3D%3D" target=3D"_blank" rel=3D"=
noopener noreferrer">Argo Blockchain</a> liquidated $15.6 million to pay of=
f a loan with Galaxy Digital.</li> <li style=3D"margin: 0px; padding: 6px 0=
px;"><strong>So, what about the good news? </strong>On the global adoption =
front, Italy is subsidizing <a href=3D"https://links.coinbase.com/u/click?_=
t=3D3aca56371967418192255878e9689713&_m=3Dd3b0aed455454ab3881ff30c6afbb97f&=
_e=3DFkzAKl09o1WRg7cwFpdJYLujuHZbvrOV_aMzIOc6pSlGH5VI4UD_2Ee0ZzoE0APT-CcqHU=
ecINZFHElUru6lSp3Hr3vP95BmnO3cUFWSfMFJ3cm_aVBgIGSB7ttmfkpvij6lzZ3W5N8F2nsMb=
2RvtxIX1GYINr7x-x8rZw5ravF-WYjQ67mVDtEallg31_aguFQ1QjI0GLFIG6ygqqh9wiLad4ML=
N84wT1CdsCyOkRqNl4lJdAe024VIbMcC3CNFwDAV4NOiSLtRxe7mfpCPFrvG2uiLSgBLTumw7E9=
5leDk0jm6c9c1x8ZVoPspszKsOvmi4iOGxfjrllfqTymzcDbgr-TNTfpoI9KNU1ibiKX1AY-UQT=
3Mym3-Q-UKuOmNUvWKt-2ae4lPVpEtUJmvjtuysRIH_dtarOmAXhLsZO7Mfb11sIawTCLDTWtX8=
DfKMV0UN5WCCVan3v8OS8zj1gmHCVemr2BAYtMSq2Q8eol34oWhec1Ny1lOZWaDcrZf" target=
=3D"_blank" rel=3D"noopener noreferrer">$46 million</a> for internet blockc=
hain projects, and the Central African Republic announced a new national cr=
yptocurrency, <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563719=
67418192255878e9689713&_m=3Dd3b0aed455454ab3881ff30c6afbb97f&_e=3DFkzAKl09o=
1WRg7cwFpdJYLckeyYWKWgjPcZfWDDEzmpl0umQ0jeZ1ahlfmZi6XvSknnBIxZlWKF0JMUI8-KP=
P6jkAY1uj3W86FRLBEidqm8mtWmGXbI7tnqm6U2VHBKagEqcIeR6jsxCFQwomF3bb81Z5-eqoDN=
Tx3uJnjYGlA1MHpV_QaZgaJjyA4_dovqjz1nA40QZaSCvvi3cR2NEPIaBF9kEFvzrVZhb3JnkKL=
wUrSPUTNE-YdhfHYEF2zmg0e5ay1uSdMFok_pwRo8MeGfI1ZQxm1FeG473UIH0TN5S8iUvORPGH=
fggZBBO2xPKnBA4KZIOa7YNGcu0R4jDLQzfkgtGYrVMrx3vKLjcnAoEecfGIikIL1GHJEzInzSw=
MFKjfLfipFF-iP8Vm2-p_TukLVmC12fZH0_6_I6NDMQ-2faLGdoy2QWDpirfeYW7mOiI-jjgQrQ=
eAO3_pn8EN4xGUYQSNT9YVszqfIg5sZqvYLMtAQBCxmA-l0U6fmlZ" target=3D"_blank" re=
l=3D"noopener noreferrer">Sango Coin</a>, which will be =E2=80=9Cthe gatewa=
y to [the country=E2=80=99s] natural resources,=E2=80=9D per its president.=
 Meanwhile, <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967=
418192255878e9689713&_m=3Dd3b0aed455454ab3881ff30c6afbb97f&_e=3DFkzAKl09o1W=
Rg7cwFpdJYPqQC2SRhYekOhqqRfDHF0uY2eK_nk22Q5NQeVQ0kbzjJlfpe09ul2pFNlircrDwmK=
tI5iWi89e2pbp3QfQnfafzwh8NguoaI2UK1dAKZuKhprv-kVJtQ9SO3dyt2mzt5I5k4bJqTc95o=
f_MVf-FJRhlf-PHQkBhRolpmTaqCHvIkQUvqQ0AaWu2hbpOoQ_eA5f4jRqBg8rsWUcebLVNLf0G=
7ZZ3O2R2F6nx3bfGnQgfmuoAxhpy70Gx5LC-5vUO_c9DQz6p2qxd-XRjE0SCvl8gUxRm_le0_R0=
gfIVayhd3eRQsZKLWJ28pDmw2eVcJsD7BQwRsVj37WJI9Gjj-6hyKSTfTKTmn3tLHt4dfpjketZ=
Tzl6Xr2-UewgqiYQ3upvCEV7TfNVyu5KdPOFp-G2lqBMEYQmt_s5DhPdF2UgjsYx3W1HicxKV7z=
cza_4k80MMlYeoEueJZf2IFWmyjhFFDifwVDNtEB-8n8tntLx3B-betsbTqdhxPJFtKaXgJE3-L=
wnRcJkfYJHTsrZB6iOj__ORYhuilgxCetROCtkDqS5m_0ni3HVi0nZ2OGP997CWPibpFNs5Vkbt=
zqhgEY8dsqkMdqy1bTX8OT1hqbCBL3gctd83XtJWHirPozSgGIw%3D%3D" target=3D"_blank=
" rel=3D"noopener noreferrer">$5.5 billion</a> of venture capital poured in=
to crypto projects in the first half of the year. Most recently: <a href=3D=
"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_=
m=3Dd3b0aed455454ab3881ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYA9ht9jhGRLVo=
gwpha4j7hFfIqYnKoiL_s1vRXUx4LMNfFJQXxJigHvGpr8ez9ayUZFuKt8EaFEeOCjSSR6nitpf=
RjzwM4SYsGUQkOtXbpmP_2CXpdPCwql16it6vsdoQdSK5_R5_Nz_4qfPBbmRZN5zELOlFEktBGQ=
U-bZDriEG0_hxbe_Ms17mF0M1SYtCk5IQCxV4Rn5cYR3SsCHW1QLRTAGjxEYyXVEx_ATW87VVZy=
TCED4KN2TkroGCI7lrVfym4-hwuBmSvYPlpsDp87uQ45qcPFTLR-PyLCrsdFfNrFtAFU_XeAhLk=
FcADqnM2MF94TNf621WM1kResg-WCVrbs9sGeNXkyh77Y0oP23bPFWbwaxO90yCZLcEQQ-i6s11=
ewZ8xxLC7zJVpeqgnhHz6TnOFrz1dXaaIW67Yb-t" target=3D"_blank" rel=3D"noopener=
 noreferrer">Axie Infinity</a> developer Sky Mavis launched a $150 million =
fund for blockchain games, and layer-1 protocol Rubix <a href=3D"https://li=
nks.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd3b0aed=
455454ab3881ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYFeOHwUkav7JmKhavEBVnTRL=
bVfudxWCBIWukm6JG8onOakPlZ7q7t0o4xC8tVNqcr2cPBJmRmkqelap1jPlEVQxFIbDMx_kDTr=
6_6V_zIvdXWYQTGY1V_tqK4uDOf8X14vNFuN_KooZ7b_ryy1IBBGTPqP2XF6KVHMuChsYw3aFMm=
O-XC5oOMAna7bT6MCX-BsW99WBwP4OJVq4IaZKkYAl5qXsk5Q3WzCjbAcfa6f_UiFjesGoIdyMk=
8CswNv9I9A7p3jVlvXR1u_He9Znnx6cyo2cqc0DWy6kRKq6iPuzyVjo4mHXH-ISUaPHyQmhBaQF=
Ly_bZZeKVv3KmIWI2DdEAKDyQ-c4pPmqPYqzjRCoWbTvxDjmfTGKuNeXJLqOowb9kW4YJEQWMlF=
eE3jT4e7s2Znl3RPZh7l5k5u8fJIoFlDWzmbmxYMK0ZN6jMDmBKWh_IVHiTzlstasVgJxclE%3D=
" target=3D"_blank" rel=3D"noopener noreferrer">raised</a> $100 million fro=
m a firm specializing in cross-border transactions. Elsewhere, Ethereum suc=
cessfully launched <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5=
6371967418192255878e9689713&_m=3Dd3b0aed455454ab3881ff30c6afbb97f&_e=3DFkzA=
Kl09o1WRg7cwFpdJYA9ht9jhGRLVogwpha4j7hFfIqYnKoiL_s1vRXUx4LMNYNar15RkaI39JWU=
H1KUgHarm4CY3sHtEGBcVMGLrtZnT5Vhjowi9WOIYn1-3PbwyfZJh3kLHwRvjuFSLN-MjWCJ4PE=
JbBr9xiTpauZVOkcxCyXysFrHlhlQAeiwT0NvOn0LrxWW3YmpQRJ80g7XfH9XcnEhmDtxM71NbZ=
uN4850s7boe20XKVqci3VweAV-XsTBgoDgMy53jcze9TmwlDUnkAuArVMC0jftaf9IG99K_uC6R=
clYXUgqwL7KUtqYTpbYIR7sJQoHoojX7ojyKZT68TTwAt-V4nJNy2KxEp73o2mL8-WC7RFNjiGw=
fChB2nPTGjbZKsg0vOwnwwfIduUGArkwNl_XcnTrsC5zad8V9t3fg1Y3TCw_1hN3Sv3VVmuvZKm=
67RA9aCFJVmsZcvg%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">proof=
 of stake</a> on its Sepolia testnet, the second of three milestones before=
 the blockchain=E2=80=99s energy-efficient <a href=3D"https://links.coinbas=
e.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd3b0aed455454ab388=
1ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYA9ht9jhGRLVogwpha4j7hHbXbOOFBOtgtU=
FmAvzf1SoIq6zT5o7sRHKtIO0vQHfcHx0sIRawDeMDS-rXcl4qqzHleANwnrjLSju8vvt5H9z7e=
cfUd0nXaaSVCpi-4HmvAgEVG_zZwc4LDs3awSAW2cUFhlwBEI7kGBVC60qNQ3vTQz5MHaPDqSEv=
GL2jVf43_0JRK0P9C6sZSw1yktH7-I3cTw61vRsl58M081-CjUEtM_7ZLluMsqpCJsdk_TZP4hf=
M6YcBZ4PqD2pSeDtZicJhNyTYKEiT6kZXQAYY2MnFIm4iP7f3iIXigxSkFRyV9vXUyWFqkJKLMc=
SfHOGqXz0bI5hVdQ6-XVsfNZOj0aGgcYVcSEdwsdM6O9LWSqm_1daUwez9f2nNsmOmZoSmrwUv8=
cmIH4glNrsz966LoohN-aYpOqfaAbSj8CooCiNq-_FSgJKRPc0OJIaog002l-M-IxJFnehgHGgb=
7oYtSjKFIlRPciOmcydVHgMOQetnWu4q0g8DWcYCV6FoMgjuLbyUA3RnHZmKWh2yy2eSgOn" ta=
rget=3D"_blank" rel=3D"noopener noreferrer">upgrade</a>, called the Merge.<=
/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 ma=
tters=E2=80=A6</strong> Several months into a crypto winter, with BTC down =
70% from November=E2=80=99s all-time highs, a big question is percolating: =
Are we near a bottom? While some analysts <a href=3D"https://links.coinbase=
.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd3b0aed455454ab3881=
ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYMmwk-pM8LV-p2sc9Pv0fWh_X6H241oLmOKR=
CHAQOO-EifJITdr4oIAlE5hl06tixzY9ETTiOYETuAbRT0rgQfdu1yaT5Z9ngBouzCNNUnFkfM3=
Ti3xLey7dSuq-G85dzdB-I157FQtipgrd5yZ0vG8LvvEhiOyGStu1HBRzu1aHC5Vody8RcDaWdO=
_ag6Egblgi1tGWqni37Eptjq_23TyF59VNyCWrXN2PVpnOnjUHvFuU-PZ9oIstxW3gJzHiIZOBK=
aGT6ewUV_oqbwOc6_Lv9ssDan2A2efDpOwSteMxdrtsFfh16Wti2FruQ1Y7m7wSiCYNJPqCt2TL=
1IdBDRQrq1RKf2Nved9yBh0nie8I_dQhi5glWXQeImdgdpdUxxboZo7lOgxdvlSoEAdCXsVDSen=
tZsPk58nkb-IVosGaCFB8ht9CJ3YWCUuAMFxIx9QFQY0IV3bYkKqA2IGoAGS-N39deoADrD_D4d=
YbJIjYtw9imus1Y8GfZCNqPm-bP-DGPBg3yNF0uEhZff8W4Ao%3D" target=3D"_blank" rel=
=3D"noopener noreferrer">contend</a> that macro factors are key =E2=80=94 l=
ike the Fed slowing down rate hikes or equity earnings forecasts getting <a=
 href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9=
689713&_m=3Dd3b0aed455454ab3881ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYA9ht=
9jhGRLVogwpha4j7hEp9MKSYcOxNi7Jm-h9l_NeUohtgsIncDtCp1ZlRqjGR8zL0J1ez-LXOb3I=
z8Rv251wbnTSSV6yUBl1kdPXl9aOJO192eQI4l5igeXODHFRD4fd9hqoMjadR4mskIoKPTwhadh=
o__twATnwe_dA9uRZvHSSxhlJUK5Z-JqSJiJrgDItBAHM1UUCuQX3RlT298-s6VaJZo_8HcjHDj=
_qFVrW3ykZWrjJSfce9mfjBr4j-7kGgblKAQInj0zCbrJvNlBENSpZyuiW_XT1SKwl5ncsmtKxK=
1Gza8wADBe9lsKDsed0RKkFqWhPpQR7gOLadeTU0ddcC_rFPUy4wyHJUtsXodfRwzJP_1MRNUbe=
GLOu6eg1sz8elxnvf-mTDuh72WOnZVixiR4AVXiURFkPA8MYK39gb5Dd-WJk6q8gdhjW44Ex2Zl=
GCGL0t18ctZ7fg5mnpWdSJZ9V0JBvoVLbqqZJtspPb3HwkPie9NoXmMickfv8tkHb8olJL-KsOL=
4-BJPUoh_ZA0gs7BFJRvoELhZn" target=3D"_blank" rel=3D"noopener noreferrer">r=
evised lower</a> =E2=80=94 others feel that we are <a href=3D"https://links=
.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd3b0aed455=
454ab3881ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYDKnc1F86DhYVwk5w73ZZrWohcf=
sBYAnBTpvoGPJTkG38EAAUyeDIwkxel6eaBUIlux3G4hEdIFRCY76z__ptaydtxCStfFlW0j_cL=
1z5rdwjDfW87oA0OgEux9_R-sMo1ld-UF_4mBGbnoSLz7Xj6TAPGdgebcyNZtcx2K9nAo_lfsQG=
eyq4G6kCT2Ng14mpaIaiRV5eb-8tYa54SMdOMZ1kZWwXOLQyiqmpMRoOij_4DBgv1tFO__U6yBM=
s2pWq-KmZVWpzFzBRCuPyseqce_t_psI-VQ1LuWTDKSDsU1Tn2tJyzwDht2QcgWHY7QyhsbfY9F=
17uMVjBZJnijl4t4ghoMuoV7EvdPREWErj0Decl1-lcoUbiiVGV3V98dSMjCfHwOznYKeW1YkAU=
I7sGgF5CDIA_8UIQI2E2eqk1vEst7Km8uB7j075TCkKhEh8eGVjlLZXJ65RH9xIcePKlYniJLHP=
BhEGUpMlFPivGkuG2T5E9FV6YqEkKDX5E-H3jwlf0YUGPgfioGvV8Lnfnhn4sgE3SbDrrdiVUnq=
iZE7RODNMSmoTpGU5XP2n2jZLdxahRGrGaDJ1gtbihQ_0lwjYYxnurrrNpnE3t9neQVBIDDgh5p=
Cb9O4y4CBxF8VKD5Lv-h1jRt9C2nFVleQNdQLJpEi0w6EoRD7MEeeGW844yjBpXMIvxj4Q_VYK_=
fv4ONrGgx1nHBRbnDcw50kWhppydOmysRo1n5PWnNkCmxb0v3dbKA-HtT7dRTQvuiPzpGxawRQN=
MAP8svK4BuZLpXtYleWRJt8b5w39gyV9uWt6JlrOJGUkEyKBcwfC33SEA%3D%3D" target=3D"=
_blank" rel=3D"noopener noreferrer">already close</a> to the low-end. While=
 no one can predict how crypto markets will move, the search for the bottom=
 isn=E2=80=99t just about price levels. As one crypto trader <a href=3D"htt=
ps://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D=
d3b0aed455454ab3881ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYMmwk-pM8LV-p2sc9=
Pv0fWh_X6H241oLmOKRCHAQOO-EifJITdr4oIAlE5hl06tixzY9ETTiOYETuAbRT0rgQfdu1yaT=
5Z9ngBouzCNNUnFkfM3Ti3xLey7dSuq-G85dzdB-I157FQtipgrd5yZ0vG8LvvEhiOyGStu1HBR=
zu1aHC5Vody8RcDaWdO_ag6Egblgi1tGWqni37Eptjq_23TyuE5CT0tAXQisxBz9xiv-nmwWxuu=
BpWQWXT3LnWLagJpdlg6NXLMdVmZGrsGnxr5rE2m1Q2ecqaqUOTMwS4g5IBjrXbM3vFspzl5wFi=
yiX4UFwwJ5muN8nRSubCmYbqpMsTd6dimwRMAfPQci8HT-yMG1SEh3_HOlVa7g6lKLV0gChESKT=
4MWFcbdyHvK0244I5RWHp-WwzYWioXBo1QlfHcN3bl0CBrL5ayI57BeS65Rbk30IqVnwbtQl-yo=
4m7VIODQhtnl68ctIW_txPLd-xLLxgKm0GGbYvyHNJKUkRtrBgK_2VQqMS31NZ8einV8vRFU7T4=
RVdjgVzE4-O0OYcXiKJXB9CY_ZbNlYri2KLptK9YSYJ-9Z3KVPvZ4KeWMl7rPyr025f0n5yFpZd=
8h057TXjdU4dCbJlis2wR55olnVAVlihsHZBJv1bue8e67dfMARSTvLRs-p6zsjq5JVG2SadMkH=
kXTTEO31ko2X388m5U0JgUdzTIY7ls5ar0ZrUHs-B7g0NCV0h-siAlO_iRqGxqtb1cj8PVg5Gje=
dtDUUSVYoYG5tQBWSs90z6v5LW60LkdohN7qfULAFxWFL4w1nWzrWfyGnf0rxmjkvT1sDfroFtR=
JIkO4L66bgVqwpHRyPo-Ky3qYrijJ1oNA7_HCsvPXGqlo9MBV6jdf-qSC0V4QwfEYMczsoPtgxV=
cajGR0YHjWS1GyXwEGMoOlQA_W3YzmvDCSa8FF-TI3HUvuXw9riHSCtRXh9adbWjWllMzyuHc64=
5Bxc0MtyC5uE0gc7GIwDiG6CdB98bKKimA%3D%3D" target=3D"_blank" rel=3D"noopener=
 noreferrer">told CoinDesk</a>, =E2=80=9Cthe bottom is as much a product of=
 time as it is price =E2=80=A6 cynicism must abate to make way for optimism=
.=E2=80=9D</p> <div class=3D"cta_button" style=3D"margin: 24px 0px 0px; pad=
ding: 0px; width: 50%;"><!--[if mso]><table width=3D"100%" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" style=3D"border-spacing:0;border-collapse:=
collapse;mso-table-lspace:0pt;mso-table-rspace:0pt;"><tr><td style=3D"paddi=
ng:0;" align=3D"left"> <v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:vm=
l" xmlns:w=3D"urn:schemas-microsoft-com:office:word" href=3D"https://links.=
coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd3b0aed4554=
54ab3881ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYA9ht9jhGRLVogwpha4j7hH5mq5f=
8CQYd7dmUTZo3QUiWk0MwCl72hBXAW0r4PtCEqWhiOcuGmJA2Ac7wL89NQV9mInzFC3Cymp_1Zh=
baQulirfdIz-jlKy82pRciPyHW6kMejRJX_3JneoSraeuNoJQuLOttuvqrBvmTGzOD0vKTdlJMg=
7CGgnoEOEdNAn68Y6HLSx5nBID3CBTbSd11la3d4KWGQJuOSbqvkVDSUUvgCzKrp93w0d1fGiOd=
Q_0RfN6b7PHGBIqA5F_kE-w01wfrohuWK2qNOSAcrcgMLzfm-FUGYGUYOYne9vBxy7-4j-0uH_U=
VfXfClgddv4mLD0s4QZRdFOb_Ci4qygrgYIyyRLKMfaZ8BOA9qDCfbp1WV4jVz55hEJbkzRmp16=
02__pEHgFHNAI8tsCRzjNopu3vOwLQVxqfmV_HRqyYDbxKT0MbIAYAgucPvtn3-T0WoruSdc5ER=
01q7pNst_KKerO" 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, s=
ans-serif;"><![endif]--><a href=3D"https://links.coinbase.com/a/click?_t=3D=
3aca56371967418192255878e9689713&_m=3Dd3b0aed455454ab3881ff30c6afbb97f&_e=
=3DFkzAKl09o1WRg7cwFpdJYA9ht9jhGRLVogwpha4j7hH5mq5f8CQYd7dmUTZo3QUiWk0MwCl7=
2hBXAW0r4PtCEqWhiOcuGmJA2Ac7wL89NQV9mInzFC3Cymp_1ZhbaQulirfdIz-jlKy82pRciPy=
HW6kMejRJX_3JneoSraeuNoJQuLOttuvqrBvmTGzOD0vKTdlJMg7CGgnoEOEdNAn68Y6HLSx5nB=
ID3CBTbSd11la3d4KWGQJuOSbqvkVDSUUvgCzKrp93w0d1fGiOdQ_0RR_KeTAYFaL4FcwQ0qgwX=
Lns-nUwFreIlM5OhMxYtqpG_6Vqi8m_CzpO0r09HgPLa8vsLZjcDxHxD9LlKQSOntKupXnVLZh4=
3C7Oj4Ev7513BpGM3ScgdTdsbKfJugp4jyj4CpnLV4R5erZdUIb_DTH03eHTCDghqGzvg3q4o02=
t0tQyx_02lx-jEDOrpNUMM9mOAC1N69Qw7ghI0db1tzQXO373SGaSl6GsaastvXNB" target=
=3D"_blank" rel=3D"noopener noreferrer" style=3D"display: block; margin: 0p=
x; line-height: 1.2; font-size: 16px; text-decoration: none; color: rgb(255=
, 255, 255); background-color: rgb(0, 82, 255); border-radius: 30px; text-a=
lign: center; padding: 18px 0px;"><strong>Learn to manage downturns</strong=
></a><!--[if mso]></center></v:textbox></v:roundrect></td></tr></table><![e=
ndif]--></div> <table width=3D"100%" role=3D"presentation" valign=3D"top" s=
tyle=3D"table-layout: fixed; vertical-align: top; border-spacing: 0px; bord=
er-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%; p=
adding: 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-c=
ollapse: collapse; border-top: 2px solid rgb(222, 224, 226); width: 100%;">=
 <tbody> <tr style=3D"vertical-align: top;"> <td valign=3D"top" style=3D"wo=
rd-break: break-word; vertical-align: top; text-size-adjust: 100%;"><span><=
/span></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <div> <tab=
le style=3D"margin: 0px; padding: 0px;"> <tbody> <tr> <td style=3D"margin: =
0px; padding-right: 11px; vertical-align: middle;"><img src=3D"https://d15k=
2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-=
c542cff6dd6a/3aca56371967418192255878e9689713/dot-1.5x.png" width=3D"12" he=
ight=3D"12" style=3D"display: block; width: 12px; height: 12px;"></td> <td =
style=3D"margin: 0px; padding: 0px; vertical-align: middle;"><p style=3D"ma=
rgin: 0px; font-size: 16px; letter-spacing: 0.075em;"><strong> TAKES </stro=
ng></p></td> </tr> </tbody> </table> <p style=3D"margin: 5px 0px 0px; font-=
size: 32px; line-height: 1.26; word-break: break-word;"><strong>From vibe o=
fficers to HODLers, the week=E2=80=99s crypto-iest quotes</strong></p> </di=
v> <p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break-wo=
rd;"><strong>Weed whacker=E2=80=A6</strong> =E2=80=9CWe need the excesses t=
o get weeded out=E2=80=9D was the assessment offered by Rockefeller Interna=
tional Chairman <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637=
1967418192255878e9689713&_m=3Dd3b0aed455454ab3881ff30c6afbb97f&_e=3DFkzAKl0=
9o1WRg7cwFpdJYMmwk-pM8LV-p2sc9Pv0fWhR5jbb_L1Mjufy200eFbKm7MiV1bCgG_KjtoAtCC=
d6mvECgkyNAs2Uon9rCyLq6eZxDefOLgDV1TxhNVhzIA6hdEJ7RKQDAi7qoVm7vwvNeZwqTa9UG=
0FxDPodfnMBwkSYmc6GB60nnUUHdoOfFyL_ZAIkm1bZwSq50O4eK8HohO18D8fhhiTGx2CpfkrM=
l-D8_gCgNPiVepG--YnoE4g_hmKvy8t24lB5cQ-hd-p-fC1fsnzr7nQvG-ny_Ve1C7kLjGtoG1D=
9aQFK5MMDPQV5vtvsG_E55ZdjRuzWqlL1OIP3hRcMlp2rxBtnFnaAkaHu1ncSsBhNLMzjeRgLUT=
2bwe3F30nHzMn1hZYPNYmPbh94VwuPNboveZksktfCp9Na1ZWlRT9Gvnd5ZrPqXK_6e77nj1H6_=
nc7jh70yT6QlhTSD_dS3EhlOKFJ6XwhJ2dToSfeQmjcIVSFW_UahY5x" target=3D"_blank" =
rel=3D"noopener noreferrer">Ruchir Sharma</a> in making the case that Bitco=
in remains a solid asset over the long-term but will continue to see price =
pressure in the short-term due to an over-abundance of easy money and specu=
lation.&nbsp; </p> <p style=3D"margin: 16px 0px 0px; line-height: 1.6; word=
-break: break-word;"><strong>Vibe check=E2=80=A6 </strong>When it comes to =
building community around NFTs, =E2=80=9Cvibes are everything=E2=80=9D a co=
llector <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563719674181=
92255878e9689713&_m=3Dd3b0aed455454ab3881ff30c6afbb97f&_e=3DFkzAKl09o1WRg7c=
wFpdJYJpZCiZHYkOD-mqba1AldhCwsb0IobcGaFUS9kKSNC7HddQlJfKYsOsJWNCLsTMzHRf325=
ccso9eCO4JjFKT8rxW6B8jKlElRJIt_pQ9PoAau5TxTWaKdD1oKEL7ZwsHulYu4Itk1Ojz7AQ1o=
mpNWyfCbPoy-g8YmJ0nRTGGDnrYCYxOzfX9e3TOhoxw1Pj8oFVPeXmEs4LEHf9egCW_7so4Do3G=
7MOImNyyNg19bpbZledi0lkgScDae3fsS4GN3V22bFhzw2JO1ef0jr7ylC3DyD_jUDHWAGBdpv1=
L0b3-uIZ4LlwUkIddWXOPVW0Xwle6u_N7qFw5trE4WhzErONdjfCDyjvUbt39B3hqTNOWejB3bE=
IBTNPSXRuf_kj5pMNU2S9s4fWlKtXdpLhxq58jSFEQAzWzeqWRtBg6o1bw" target=3D"_blan=
k" rel=3D"noopener noreferrer">said</a> in explaining why a number of NFT p=
rojects have started to employ a =E2=80=9Cchief vibes officer.=E2=80=9D The=
 role is meant to create a positive environment for prospective and existin=
g NFT owners, and, as the Guardian observed, is =E2=80=9Csomething of a cro=
ss between a marketer, influencer and investor relations officer.=E2=80=9D =
</p> <p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break-=
word;"><strong>Something from Nothing=E2=80=A6 </strong>=E2=80=9CThe timing=
 was right that now we can take this technology to the masses,=E2=80=9D <a =
href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e96=
89713&_m=3Dd3b0aed455454ab3881ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYFjnPY=
T0ED6dCeUdslcELnP6hAnPi_BJOnHyBaNZUrShueqHDUpZW8ICVWR-k1AjZARBv4waTev6gUv_F=
bEjJ5aejESPv9ih-PTP3lOBX7PcmH_XUGFW8gmKyKC_Is_-OfJ4oYBuCtY2j_H8uAxRsQbXhKNb=
puvn9mEV0QD7YCGuYAW-OXoeLD5mACRGJVSkEexAPFSwlDQQqNCQnTg-Y5CX2tQn176elBm9M5o=
OuX2A3PJhI2yQV7NLAHowxWiudflX_qfeHeaXYbb41-hnAfnJeTTP4rm-KcZQ7yYzBxKWLKekLv=
r-Wb-EtTJhKjCdV_XEFHMTBthlM6YRGcu7JDbv44imnYsRi2MCqCbjsFlUIq2BhmQtVanZMMtHG=
BHL8NFy5jKFq_E4erB8FTMBsFXe1k7ctSUHdzTjuVl3MAWeL_z5Q4XCsJGdt7Ko7rmbXWuvmuYQ=
aV1xvSI1Neua_6c%3D" target=3D"_blank" rel=3D"noopener noreferrer">said</a> =
Polygon Vice President of Growth Arjun Kalsy about the Ethereum scaling pla=
tform=E2=80=99s decision to launch a smartphone in partnership with tech co=
mpany Nothing that will help make the world of web3 more accessible on mobi=
le. The Nothing Phone 1 was <a href=3D"https://links.coinbase.com/u/click?_=
t=3D3aca56371967418192255878e9689713&_m=3Dd3b0aed455454ab3881ff30c6afbb97f&=
_e=3DFkzAKl09o1WRg7cwFpdJYDD5HPOb55sfUtnaftlUBXO4-E7VsDiqW_DdxMaZTkjiaSanJI=
w1LJkiNbHf-FSfa9HOh3lHCQVA6m7Gd9duMWPB-LNBq4pBvjK0xFTJoyicvAlPlXd5d3b27Dsnr=
N2rK3iKLA_-_Zws7PnUfeH9_8RfHVqOpIP1EiuwAESIpEHvE1Ltvs8C2lNDs7nsknTJMjripzGL=
HwaDhJtkABg1NB9EzaYR6-mlSrgl26iMXZUeKQr751nXifOI3WlFMVX5_F4WN3zY7d1XZorewj9=
PubzxU0_yA8zgOHdacayuqWij5GgovBMptTdyZsV0FQOYD50-j0ANxNUkirHCQilLP52jMSDsso=
d27WgvAmrEXFWPZRpmWl47Ntf5b2JG1XRkWCAIv-jh6bqoER-DNJQhSEA%3D" target=3D"_bl=
ank" rel=3D"noopener noreferrer">unveiled</a> this week in London.</p> <p s=
tyle=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;"><s=
trong>HODL steady=E2=80=A6 </strong>=E2=80=9CHolders are less likely to sel=
l BTC in turbulent periods,=E2=80=9D was one of the key takeaways from Coin=
base Institutional=E2=80=99s monthly outlook, written by head of institutio=
nal research David Duong. Duong viewed this trend among those holding BTC f=
or more than 6 months as a =E2=80=9Cpositive sentiment indicator=E2=80=9D a=
mid broader market weakness. Read the full report <a href=3D"https://links.=
coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd3b0aed4554=
54ab3881ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYA9ht9jhGRLVogwpha4j7hEp9MKS=
YcOxNi7Jm-h9l_NeUohtgsIncDtCp1ZlRqjGR8zL0J1ez-LXOb3Iz8Rv251wbnTSSV6yUBl1kdP=
Xl9aOJO192eQI4l5igeXODHFRD4fd9hqoMjadR4mskIoKPTwhadho__twATnwe_dA9uRZvHSSxh=
lJUK5Z-JqSJiJrgDItBAHM1UUCuQX3RlT298_CydZ0gLkV22TQ5pii_7K0yzz8UavjG1cQMJNx0=
-RSuonuSNtFf74Dp0-02X9a3QpIg8atYhjSGHzdMhaMz4Ae8O4nBdwY0mxSyplWkVZqqmP0PgeY=
IvmsHkNhtp9KX7Hc5f-Uy9oGijQFoO8U3VdhR9JA0VXQiuflll9n3jBMhhfjoKePzNDOpIEm1Ww=
Nk7FflRDKomK4gnW6cZR8VYebTVR9456GjPjK6k-jvA6Ni_NxjAO8OJCCuYphUYHqwpSVH3WQ3p=
vIvTcGuFa5AakX" target=3D"_blank" rel=3D"noopener noreferrer">here</a>. </p=
> <div class=3D"cta_button" style=3D"margin: 24px 0px 0px; padding: 0px; wi=
dth: 50%;"><!--[if mso]><table width=3D"100%" cellpadding=3D"0" cellspacing=
=3D"0" border=3D"0" style=3D"border-spacing:0;border-collapse:collapse;mso-=
table-lspace:0pt;mso-table-rspace:0pt;"><tr><td style=3D"padding:0;" align=
=3D"left"> <v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=
=3D"urn:schemas-microsoft-com:office:word" href=3D"https://links.coinbase.c=
om/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd3b0aed455454ab3881ff=
30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYA9ht9jhGRLVogwpha4j7hFfIqYnKoiL_s1vRX=
Ux4LMNmSvA2ERgOlox7CxdATG6BvP2HW7ebZ-7kBZXpYll5cwJzGdD0ndIpbdYcpfu0tRv9G600=
Ya9rBKV8t9OChqKg3vtuL8Xr79Jas0E43ev8YJ295zcSbhFbh6DS3fbNAd62KXDxYuhSRHM6lJ6=
C3WiZD0YFv4JWxuR_9GcnBK65IkXxuYS4jUohrJPSh-BKgnH2DnuoYBWqreWS2plh3ZR1JJjcKR=
3-9UcVn_KhIW4nHeCxyBSLm99QhunJ0Bu3NKgum2VDTDLBPL-KCY3P-QN3sRjsSSoO5pX_60tld=
nVdizyOktPO8DNbjvj24zeQPttHtbjuoUMRteGrBBKw_p5g4cOfmbm05MT6e1J0eSfQkQStZcZC=
MgCZyj8VcdwUYxS" style=3D"width:350pt;v-text-anchor:middle;" arcsize=3D"17%=
" stroke=3D"false" fillcolor=3D"#0052ff"> <w:anchorlock/><v:textbox inset=
=3D"0,0,0,0"><center style=3D"font-family: Helvetica Neue, Helvetica, Arial=
, sans-serif;"><![endif]--><a href=3D"https://links.coinbase.com/a/click?_t=
=3D3aca56371967418192255878e9689713&_m=3Dd3b0aed455454ab3881ff30c6afbb97f&_=
e=3DFkzAKl09o1WRg7cwFpdJYA9ht9jhGRLVogwpha4j7hFfIqYnKoiL_s1vRXUx4LMNmSvA2ER=
gOlox7CxdATG6BvP2HW7ebZ-7kBZXpYll5cwJzGdD0ndIpbdYcpfu0tRv9G600Ya9rBKV8t9OCh=
qKg3vtuL8Xr79Jas0E43ev8YJ295zcSbhFbh6DS3fbNAd62KXDxYuhSRHM6lJ6C3WiZG-VNTO8Q=
hManNEK9Lal1z7wAlPQqZ9GDfBkjlmLr7Uq696RM9H3SRyE1XbyXkz7zyufTiYl1NFTYdXnEitB=
mv7QBWTqqFUNZshzhnssgC4HukS_gE9TxQj7tUqBFN0Hpf34QMfXYKaOz5WcaCEB-6cSdAzvun_=
__v1ZY-ieMlOi22jJpPuuTWuR3PjOzyYd-D1_sR24BcGGRZP7gnn_3ecE15QoYn2SllMz6E_4jB=
XG" target=3D"_blank" rel=3D"noopener noreferrer" style=3D"display: block; =
margin: 0px; line-height: 1.2; font-size: 16px; text-decoration: none; colo=
r: rgb(255, 255, 255); background-color: rgb(0, 82, 255); border-radius: 30=
px; text-align: center; padding: 18px 0px;"><strong>Learn BTC basics</stron=
g></a><!--[if mso]></center></v:textbox></v:roundrect></td></tr></table><![=
endif]--></div> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637=
1967418192255878e9689713&_m=3Dd3b0aed455454ab3881ff30c6afbb97f&_e=3DFkzAKl0=
9o1WRg7cwFpdJYA9ht9jhGRLVogwpha4j7hHgZHLdBQnqG8Y44PtUUP64qyCWRuJnfXAfaYsroh=
jGhu248IjCGywiW3jZeWokQQ8sF8MgZVzcDkOIPUDnqfyZ0JsKnyHT2gxkUaxTG9bUjv5PAdXpz=
fwB_jbEumV_47P5D8mDg-clU13c0EuM7xUp7DHSO6cmJQo3dZFwcnAFPmGNfVvb4F1SZNgAmYba=
cwpEHkzI9uykFRHrfK5OxSEwM9Qonz7j2F837Q-u7tn8vXPRlzVrvXK2RF3DyNr0tfoKzwhpAdp=
dHvJTw2KG6XKv942hErxr7s3PM5qpnnqgWs-a2eQCKfwYy1MPOTjwdzUUj7eLOreL6hDTIRNLpd=
esqKibgSynrI7iiFBiPfeGjA%3D%3D" target=3D"_blank" rel=3D"noopener noreferre=
r"><!--[if !mso]><!-- --><div class=3D"desktop_hide" style=3D"display: none=
; max-height: 0px; overflow: hidden;"><img src=3D"https://images.ctfassets.=
net/q5ulk4bp65r7/28RPj3RUwCb6Cpby298aZI/c9e876c8644086f83cfcadb4684cb11c/ne=
w_promo-mobile-earn.png" width=3D"100%" style=3D"display: block; width: 100=
%; margin: 64px 0px;"></div><!--<![endif]--> <div class=3D"mobile_hide"><im=
g src=3D"https://images.ctfassets.net/q5ulk4bp65r7/6I0yCrePeiDJSGjYQ71pdp/e=
a86db5907bfdb3766afc7122b5417de/new_promo-desktop-earn.png" width=3D"100%" =
style=3D"display: block; width: 100%; margin: 64px 0px;"></div> </a> <div s=
tyle=3D"margin-bottom: 16px;"> <table style=3D"margin: 0px; padding: 0px;">=
 <tbody> <tr> <td style=3D"margin: 0px; padding-right: 11px; vertical-align=
: middle;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/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> NUMBERS TO KNOW </strong></p></td> </tr> </tbody> </=
table> </div> <p style=3D"margin: 16px 0px 0px; font-size: 32px;"><strong>$=
44B or $1B or $?</strong></p> <p style=3D"margin: 4px 0px 0px; line-height:=
 1.6; word-break: break-word;">The range of financial outcomes facing Elon =
Musk as he defends a <a href=3D"https://links.coinbase.com/u/click?_t=3D3ac=
a56371967418192255878e9689713&_m=3Dd3b0aed455454ab3881ff30c6afbb97f&_e=3DFk=
zAKl09o1WRg7cwFpdJYBSJJGhW3lH0ricHBvox_J0aymUiGqHl56t1d-5a26h4deO1rMk3jL_c7=
5a_enDXQ4tReTnBdo727n_MnbxERrht4uBlnvBjHGsegMPg0p0HGiFie1sQ5VPouxVlNwkdeqbU=
dAA8VgWX4got9wP5dq4GERGUhXLyCHhydZnVzANUbhuNPIRP5wRBrdSlAvXKkB6J9IYY4SjaE6A=
YrwA8RSI9Q49_B7lDpmRPLwh3oIV5QYZeTZmCUxwE5sMbEl2tS7qTOSOh40uZuyF7DRxGPPxYmV=
Ns2QgLJ_936D_2B4OqS91FS3vMx5RFv4MfbWMnmcCQpVlZM6IyJAJH0seVcMFyB4Xf5ElvhnRX9=
JOAGT5TbFjR0rvD64wdcwSZD0cDrBHDLAx766gvGZgp2pwpd4nTSiw16XZ3k2aJTTBXIsTsAw6k=
6cvteDTGkXuJMGct6vgbYqk1dL4VXartvCk0Ue0%3D" target=3D"_blank" rel=3D"noopen=
er noreferrer">lawsuit</a> from Twitter that seeks to force the Tesla CEO t=
o complete his $44 billion deal to acquire the social media network. A judg=
e could potentially decide to have Musk pay the $1 billion breakup fee inst=
ead, or the legal standoff could allow him to re-negotiate the price or eve=
n potentially walk away entirely. Stay tuned.&nbsp;&nbsp;</p> <p style=3D"m=
argin: 16px 0px 0px; font-size: 32px;"><strong>141,686 BTC</strong></p> <p =
style=3D"margin: 4px 0px 0px; line-height: 1.6; word-break: break-word;">Th=
e amount of Bitcoin that Mt. Gox=E2=80=99s bankruptcy trustee is close to <=
a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e=
9689713&_m=3Dd3b0aed455454ab3881ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYPqQ=
C2SRhYekOhqqRfDHF0uY2eK_nk22Q5NQeVQ0kbzjaAODV2Rc5ZMAgAUWip6eglbCUmqYEVIczYv=
yNOnWZCzuY6O2mj7IWDpm5ller2sJn4-2brdDbmXl2-47SlbnSLy1xowD_HNpDN6K8jUUg3WmX2=
-nsUd5_JTPMWM5wz6EfjIOi3w8IP7fryh-NzhMf5gvQWIjF6IkIt5VcO2DmNujJd9I0C_qS8ejF=
u64tdiIMTY-lxxEX5H3sgGYNYqm6u85Nj1uoOW7IxOBz56CtNzPqcx1JEHducz2TkwBKDhbQmma=
lUTohCjJ7wEbEtN445T-jz_1EyphQ0yDvtgMkmdPagIM8dTEDwOAo3pCECCXt0WewArgNIyAK8H=
gjmcfmr5FKxu5aw2rae6J3___LVb8OkiXlDchRAgOo16cpDeAbijxIElEBwlvvjJwxBPBuO1EO_=
upGU7quv-yFbtTEuzjP4GjVLLuCCP00k6KD1yJ" target=3D"_blank" rel=3D"noopener n=
oreferrer">releasing</a> to its users eight years after the worst crypto ha=
ck in history (The Tokyo-based firm ceased operations in 2014 after losing =
about 850,000 BTC.) The disbursement of these funds =E2=80=9Ccould put pres=
sure=E2=80=9D on BTC prices if many of the creditors choose to sell their c=
oins, according to Bloomberg.&nbsp;</p> <p style=3D"margin: 16px 0px 0px; f=
ont-size: 32px;"><strong>300 ETH</strong></p> <p style=3D"margin: 4px 0px 0=
px; line-height: 1.6; word-break: break-word;">The amount of ETH (approxima=
tely $344,000) that was spent to purchase the Ethereum Name Service domain =
of <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255=
878e9689713&_m=3Dd3b0aed455454ab3881ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJ=
YJZikxH5yjsGieOBvCXqhsRCTdjJeO4roAuwhDNpaNMfbNMIPCLWBxDiAD2de2_D-4oKqfKLcJS=
vMAhuT4Qr9TAUYlsDUvTNxLne1cMw1KFMT_GywEzbrQtJGE0A2DGRxhJFl_P5wF3WVIwQhb5_OK=
zjgF31wnBCBqr4K5bhhF0oAPJVmAtIAu9tl7bSRFiiY_1XIk5wDpGNtQITJNXhHvKIsJizUlUP2=
JG2JMi9e8sNS4MBQy4_n8ZZLWS-LYE_NRtvJdEsD4VPsGtVuihaSb_ooPF9MoYsn1nO0Ep9E-qe=
RTpGM2wtWuNCooKvpjDGNDjKjvi3eGSC2I0Z9Uc2oKtR219sviYc3GAtJoIsE8-aOvAL3ubygWq=
SRPSOijgwCyRxZikzafYly2cXyagHRNg_CIaofxcwTZV4sys_Yn5VjDZen5x6fijEcogYe4psbg=
%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">000.ETH</a> earlier t=
his month, setting a new record. ENS registrations have been on a noticeabl=
e upswing recently, with purchases increasing as much as 200% week-over-wee=
k.</p> <p style=3D"margin: 16px 0px 0px; font-size: 32px;"><strong>8.5%</st=
rong></p> <p style=3D"margin: 4px 0px 0px; line-height: 1.6; word-break: br=
eak-word;">The percentage of Kenyan citizens that own digital currency, acc=
ording to a recent <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5=
6371967418192255878e9689713&_m=3Dd3b0aed455454ab3881ff30c6afbb97f&_e=3DFkzA=
Kl09o1WRg7cwFpdJYNXDTaEcfCTE0jc1gl6HMoCf3llsKBJj2oL-GwDV5fU4SGooLJBi4kcRxPm=
689aTz3WlSgjsELCrkM1eS67MzyAh3mDiw1fJ3Ke1F7PR1Z_gjns0udlBCWHQ3LQesMXaP330jo=
BpuZKe2lpiUfvWGter0mIrD6HANZxlfcx6wGov9tnDz57qy9QgGgrjlDzy3HkUS1z6mpuThg5Fg=
niXR22AHq_wRkiCIWW_69LJlffFFsk4Nse0y-OhcHvYxCyrM1hDGwHCbxQlP4naxQ_a1UWrKk7K=
SfmixVsocqXYKmrtejgi_H_DHFqBYt0eyZWW78pFGZf7rzhuI3v4DFR_FZTBXrH3JU3pS1N0IwD=
eztP4e0RO8WOWh6bKChTZdG7uzcfvdqNuZx8hKB_Pk2H2ZJUOlWwbB57XLAde5Y7kUHKt" targ=
et=3D"_blank" rel=3D"noopener noreferrer">report</a> from the United Nation=
s Conference on Trade and Development (UNCTAD). This makes Kenya not only t=
he most crypto-forward country in Africa, but places it fifth-highest globa=
lly for crypto adoption, one spot ahead of the U.S. </p> <div class=3D"cta_=
button" style=3D"margin: 24px 0px 0px; padding: 0px; width: 50%;"><!--[if m=
so]><table width=3D"100%" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" =
style=3D"border-spacing:0;border-collapse:collapse;mso-table-lspace:0pt;mso=
-table-rspace:0pt;"><tr><td style=3D"padding:0;" align=3D"left"> <v:roundre=
ct xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=3D"urn:schemas-microso=
ft-com:office:word" href=3D"https://links.coinbase.com/a/click?_t=3D3aca563=
71967418192255878e9689713&_m=3Dd3b0aed455454ab3881ff30c6afbb97f&_e=3DFkzAKl=
09o1WRg7cwFpdJYA9ht9jhGRLVogwpha4j7hEksgXUyX17NvBjmnk9q2ZQExx1kVMfZsmZWR94f=
buKpAZ40oKiPx0tmgaZI2yUrjEzQ1chLowU_FKWoGWpXFo8LcDTB9h6kHldzJA2OXKG4QYLlu0E=
xQVZQSZpaVH78uCk2pWLN-8nuVo7GdJRL_6b00KtUo31JC2kaJs_y5NWzOutvLfp43dElxxPsm_=
14bI8ZRHnQGupDXOsMG22Lv2oABlIr0f85uqnVSXQ2qrNw75Gbun3x8eGqEmC-RwbHVVDX7neBb=
WIZj4yU4Tb6CJHXZFbYo7n5odOrpKrAws_IMNQl1Z4YEfPr24h2V4hnHSbZL4yK70FluYWonFM3=
7NG4i-LLCV9zPgGFbLH_8plLug9v4uacAbtbkxssXO5NRp_TatYNmdapL6rjrU_jwFN3v7wV5je=
hxtD9sm9Agf1px4EIxS-_QXigJ9qtsdhSUA%3D" style=3D"width:350pt;v-text-anchor:=
middle;" arcsize=3D"17%" stroke=3D"false" fillcolor=3D"#0052ff"> <w:anchorl=
ock/><v:textbox inset=3D"0,0,0,0"><center style=3D"font-family: Helvetica N=
eue, Helvetica, Arial, sans-serif;"><![endif]--><a href=3D"https://links.co=
inbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd3b0aed455454=
ab3881ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYA9ht9jhGRLVogwpha4j7hEksgXUyX=
17NvBjmnk9q2ZQExx1kVMfZsmZWR94fbuKpAZ40oKiPx0tmgaZI2yUrjEzQ1chLowU_FKWoGWpX=
Fo8LcDTB9h6kHldzJA2OXKG4QYLlu0ExQVZQSZpaVH78uCk2pWLN-8nuVo7GdJRL_6b00KtUo31=
JC2kaJs_y5NWzOutvLfp43dElxxPsm_14bI8ZRHnQGupDXOsMG22Lv2oWEspxbepuYRz5OhC1Lh=
d6sWZtaSIfX29YFxS9TwHlxMg3tgF2e55JUpPBsMDtqBNkyOCIHenYC9nQgXjYFQ_-FFqN9TnSU=
zB-q9tiwwOr-23mpGF0LcH6vv9iLBX7taefMdcVHwsVHLaQuERXLbxyoSn3NBkloVpp2qLyM8zJ=
LSlLMgqUb3IRCScRcNU61ThSV4zo8PzVo2zRiCdqGHPYGWgVOieaI9mRuTnQUo7P9Y%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: 30px; text=
-align: center; padding: 18px 0px;"><strong>Learn about web3</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-coll=
apse: collapse; min-width: 100%; text-size-adjust: 100%;"> <tbody> <tr styl=
e=3D"vertical-align: top;"> <td valign=3D"top" style=3D"word-break: break-w=
ord; vertical-align: top; min-width: 100%; text-size-adjust: 100%; padding:=
 48px 0px;"><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=
=3D"100%" align=3D"center" role=3D"presentation" valign=3D"top" style=3D"ta=
ble-layout: fixed; vertical-align: top; border-spacing: 0px; border-collaps=
e: collapse; border-top: 2px solid rgb(222, 224, 226); width: 100%;"> <tbod=
y> <tr style=3D"vertical-align: top;"> <td valign=3D"top" style=3D"word-bre=
ak: break-word; vertical-align: top; text-size-adjust: 100%;"><span></span>=
</td> </tr> </tbody> </table></td> </tr> </tbody> </table> <div> <table sty=
le=3D"margin: 0px; padding: 0px;"> <tbody> <tr> <td style=3D"margin: 0px; p=
adding-right: 11px; vertical-align: middle;"><img src=3D"https://d15k2d11r6=
t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cf=
f6dd6a/3aca56371967418192255878e9689713/dot-1.5x.png" width=3D"12" height=
=3D"12" style=3D"display: block; width: 12px; height: 12px;"></td> <td styl=
e=3D"margin: 0px; padding: 0px; vertical-align: middle;"><p style=3D"margin=
: 0px; font-size: 16px; letter-spacing: 0.075em;"><strong> TUNE IN </strong=
></p></td> </tr> </tbody> </table> <p style=3D"margin: 5px 0px 0px; font-si=
ze: 32px; line-height: 1.26; word-break: break-word;"><strong>Will central =
bank digital currencies ever replace cash?</strong></p> </div> <p style=3D"=
margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;">Decentrali=
zation is one of Bitcoin=E2=80=99s best-known benefits =E2=80=94 no single =
entity can control it. But are there any advantages to centralized digital =
money controlled by a government? Right now, roughly <a href=3D"https://lin=
ks.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd3b0aed4=
55454ab3881ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYEngc5FvmyYz7ep5bh_5yxF8s=
miyQXacvqsEk4m_KqjejQcwYeyMTubHRcZDUg-lVCFOjVjrae3JqOiWc2qm5jtoKKWVF6FzByBm=
1YRlrPAF9Oh962Z2TXeXcpYypApfmyrFz-22VP1hINf5vL1EB0Hmrsra41_k17TiiFJKWCZQdMQ=
bJX8kAlSe2MGPCMUcLAZIITH0R7gwaD_xtNQ4JEiBT-0gXkcbMYPql2MYLjWLkECe4hSa014RCt=
A7n2TneQS3YJN2Ptq6U_NuFiCqssirvw93ZLG5jpVfoszM24a__KnNeCR4v3asWZpdffX7QBQ8d=
7Nh1ysPYcNx9tRNos9meZFtD-xYw7QyRPvv_2F8s4AuZkiQ8AUd298LyFozUA%3D%3D" target=
=3D"_blank" rel=3D"noopener noreferrer">100 countries</a> and nearly all of=
 the world=E2=80=99s major central banks (including the Federal Reserve) ar=
e exploring central bank digital currencies (CBDCs), which are digital vers=
ions of government-issued money. In the latest episode of <a href=3D"https:=
//links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd3b=
0aed455454ab3881ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYA9ht9jhGRLVogwpha4j=
7hHDWXgM3_Lfto8MEDI4LrROmKpcZBm6Z1kD3HWs2TT-ZtkEMAFM0laDBje6JW8YD2pBr-klA9i=
7IFt1_YmQSj7XrVbtXcYgr_ThvA4ILCwimCjvdmMuX841ChgR62fxsW2r0MHnIkLrtDBYMvHq_f=
dSy3-1UguYIojU35kSIaCxDiT_jS05g00mpVmLE0pjJd0OufHCONwPSZtT56u7iRGHynGAZJfRf=
jdmjdixxAqRjj2vYqHvKlb1sFSPUQ_ajEhPzg01OueM36eMl9n7-KMVg00ZuNvUSIjUm4BW66-i=
u4a6t_OOvluafY4LKQGJTMc4CpCJKm0z1T6SBeA0FZr75zwmWzk8ESUN12haQa3u9g%3D%3D" t=
arget=3D"_blank" rel=3D"noopener noreferrer">Around the Block</a>, host Jus=
tin Mart sits down with Visa=E2=80=99s CBDC exec, Catherine Gu, to discuss =
the potential benefits and risks of state-issued digital currencies.</p> <d=
iv class=3D"cta_button" style=3D"margin: 24px 0px 0px; padding: 0px; width:=
 50%;"><!--[if mso]><table width=3D"100%" cellpadding=3D"0" cellspacing=3D"=
0" border=3D"0" style=3D"border-spacing:0;border-collapse:collapse;mso-tabl=
e-lspace:0pt;mso-table-rspace:0pt;"><tr><td style=3D"padding:0;" align=3D"l=
eft"> <v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=3D"urn=
:schemas-microsoft-com:office:word" href=3D"https://links.coinbase.com/u/cl=
ick?_t=3D3aca56371967418192255878e9689713&_m=3Dd3b0aed455454ab3881ff30c6afb=
b97f&_e=3DFkzAKl09o1WRg7cwFpdJYKwM9Y8y_yRyTll0-GVOTXlGRaXghH45klLI1qxtVIBvw=
LwAQGlkXxHGcCJklO9gK27J5-bMdR1zsYES7xUQsXzrFiQvPspfKNyE_Z6rm-DRZDeiLnXcPKvD=
AWy4VabNEatjooWv0lC7MO1-fMznBaJR4bm3GV_sLeSVazknItaTlqacQBcZHqMSNz_fLvpSAbH=
OONGHVKVxHki2_Zs0EfoZiLixfop6uQWebavKFISEz1fmpvlLwR1uV5UiL-aWDa5aKiUKNCiLd9=
8GxxdsRFKyZMFme95CN2hwujAZ08b-sUiGkwggKK5plOkinb4YtvrRUVsfyfyaUDXrT80tyl7gY=
QwetpsNxAPc8jsKI3o9Xx3qjL9PtH6pQj78c6QSND_V-yeVmeFkbD4JD8J072FLJ44d-cFA6arc=
JGE-dKDo" style=3D"width:350pt;v-text-anchor:middle;" arcsize=3D"17%" strok=
e=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-se=
rif;"><![endif]--><a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56=
371967418192255878e9689713&_m=3Dd3b0aed455454ab3881ff30c6afbb97f&_e=3DFkzAK=
l09o1WRg7cwFpdJYKwM9Y8y_yRyTll0-GVOTXlGRaXghH45klLI1qxtVIBvwLwAQGlkXxHGcCJk=
lO9gK27J5-bMdR1zsYES7xUQsXzrFiQvPspfKNyE_Z6rm-DRZDeiLnXcPKvDAWy4VabNEatjooW=
v0lC7MO1-fMznBaJR4bm3GV_sLeSVazknItaTlIym7neWtPGcsim37wMqWyCzFBMyu1ZNuAUvZs=
9L-vKUnSV9g-jrZzP_Y3-LOIzY-2UzURJHrufa1FUiFUgMlAm4KsmlEAM_KpLcwmKMdxga5HkUr=
moKD8Z1PEb-_8wwUl7-EJXN8e3VFh1vB5ugTOM5lYKDzGKS1nj8kV-U-e-UVrOxfS03d52-EBwm=
mFFC-X0IISlMpawQy2UTx4e7DgIRqEjPSwOO9qv2l2FVNoeH2lmj8PCYU5I808EKWbXy" targe=
t=3D"_blank" rel=3D"noopener noreferrer" style=3D"display: block; margin: 0=
px; line-height: 1.2; font-size: 16px; text-decoration: none; color: rgb(25=
5, 255, 255); background-color: rgb(0, 82, 255); border-radius: 30px; text-=
align: center; padding: 18px 0px;"><strong>Listen to Around the Block</stro=
ng></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; bo=
rder-collapse: collapse; min-width: 100%; text-size-adjust: 100%;"> <tbody>=
 <tr style=3D"vertical-align: top;"> <td valign=3D"top" style=3D"word-break=
: break-word; vertical-align: top; min-width: 100%; text-size-adjust: 100%;=
 padding: 48px 0px;"><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0=
" width=3D"100%" align=3D"center" role=3D"presentation" valign=3D"top" styl=
e=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"w=
ord-break: break-word; vertical-align: top; text-size-adjust: 100%;"><span>=
</span></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <div> <ta=
ble style=3D"margin: 0px; padding: 0px;"> <tbody> <tr> <td style=3D"margin:=
 0px; padding-right: 11px; vertical-align: middle;"><img src=3D"https://d15=
k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e=
-c542cff6dd6a/3aca56371967418192255878e9689713/dot-1.5x.png" width=3D"12" h=
eight=3D"12" style=3D"display: block; width: 12px; height: 12px;"></td> <td=
 style=3D"margin: 0px; padding: 0px; vertical-align: middle;"><p style=3D"m=
argin: 0px; font-size: 16px; letter-spacing: 0.075em;"><strong> TOKEN TRIVI=
A </strong></p></td> </tr> </tbody> </table> <p style=3D"margin: 5px 0px 0p=
x; font-size: 32px; line-height: 1.26; word-break: break-word;"><strong>Wha=
t is Bitcoin=E2=80=99s maximum supply?</strong></p> </div> <div style=3D"ma=
rgin-top: 16px;"> <table style=3D"line-height: 1.6; word-break: break-word;=
"> <tbody> <tr> <td style=3D"padding-right: 12px;"><strong>A</strong></td> =
<td>50 million</td> </tr> <tr> <td style=3D"padding-right: 12px; padding-to=
p: 12px;"><strong>B</strong></td> <td style=3D"padding-top: 12px;">There is=
 no maximum supply</td> </tr> <tr> <td style=3D"padding-right: 12px; paddin=
g-top: 12px;"><strong>C</strong></td> <td style=3D"padding-top: 12px;">21 m=
illion</td> </tr> <tr> <td style=3D"padding-right: 12px; padding-top: 12px;=
"><strong>D</strong></td> <td style=3D"padding-top: 12px;">12 billion</td> =
</tr> </tbody> </table> </div> <p style=3D"margin: 16px 0px 0px; line-heigh=
t: 1.6; word-break: break-word;">Find the answer at the end of the email.</=
p> <div class=3D"cta_button" style=3D"margin: 24px 0px 0px; padding: 0px; w=
idth: 50%;"><!--[if mso]><table width=3D"100%" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" style=3D"border-spacing:0;border-collapse:collapse;mso=
-table-lspace:0pt;mso-table-rspace:0pt;"><tr><td style=3D"padding:0;" align=
=3D"left"> <v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=
=3D"urn:schemas-microsoft-com:office:word" href=3D"https://links.coinbase.c=
om/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd3b0aed455454ab3881ff=
30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYA9ht9jhGRLVogwpha4j7hFfIqYnKoiL_s1vRX=
Ux4LMNHcB7XMBTcmzGozCZHMaHXQOV6ri361Y1IoJvrEAqBYLIgX5wcg2oOHkBAWYIWkboNFn04=
MnPeZSW9x8YPDkcHfSnLedRiAf3QjvnI7XD-3aeunreagPMub60QGOMt6z_POi05AayqhgTaYMh=
0SUCyRc2UOz62bgm-ugJ_530r337vckf5yq-p_bouiQwyQu3bLmEEk5jFpVs0FUYt4mV1S7aXep=
7fzO1Z0Ggp9rwFSGbVB-p_G_g8RVJZsFRuHnC7HYzqO1aJF-hjXcyheLnoPPKDNHL7Xy51CBom6=
y8eutIab9eUJwtTYlQsI4BQyWCKSpaTY-O_7wMnZonO-U7EDCMOWlYLkgQZ66uzEQlqv7IBnCgp=
OTujHmtmk9em8A4HDGE6LnNH6HRzqRgmpko9g%3D%3D" style=3D"width:350pt;v-text-an=
chor:middle;" arcsize=3D"17%" stroke=3D"false" fillcolor=3D"#0052ff"> <w:an=
chorlock/><v:textbox inset=3D"0,0,0,0"><center style=3D"font-family: Helvet=
ica Neue, Helvetica, Arial, sans-serif;"><![endif]--><a href=3D"https://lin=
ks.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd3b0aed4=
55454ab3881ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYA9ht9jhGRLVogwpha4j7hFfI=
qYnKoiL_s1vRXUx4LMNHcB7XMBTcmzGozCZHMaHXQOV6ri361Y1IoJvrEAqBYLIgX5wcg2oOHkB=
AWYIWkboNFn04MnPeZSW9x8YPDkcHfSnLedRiAf3QjvnI7XD-3aeunreagPMub60QGOMt6z_POi=
05AayqhgTaYMh0SUCyRc2UOz62bgm-ugJ_530r30DB67OBtgyRPt6iId_BjQS1bUozC8JW0xV8j=
YG2vuifSZ_joyr56R17W4A3Ke_iO2SRGSYynhCqQUB598er2iwz2NojhE7bERbGP8exEzRhvfSD=
HkTnAaabd3jC_lHuCKppwWSjnN9qRzZM7Nh3KmVwlZn22roTj3_t3SwIOmb21opYu2_y7A7wWJz=
YYWMm_EGnwwDB3ZLFuPjP6pMq0tZSam3JJlnM2c4so1CzVHR5g%3D%3D" target=3D"_blank"=
 rel=3D"noopener noreferrer" style=3D"display: block; margin: 0px; line-hei=
ght: 1.2; font-size: 16px; text-decoration: none; color: rgb(255, 255, 255)=
; background-color: rgb(0, 82, 255); border-radius: 30px; text-align: cente=
r; padding: 18px 0px;"><strong>Read about Bitcoin=E2=80=99s creator</strong=
></a><!--[if mso]></center></v:textbox></v:roundrect></td></tr></table><![e=
ndif]--></div> <table width=3D"100%" role=3D"presentation" valign=3D"top" s=
tyle=3D"table-layout: fixed; vertical-align: top; border-spacing: 0px; bord=
er-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%; p=
adding: 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-c=
ollapse: collapse; border-top: 2px solid rgb(222, 224, 226); width: 100%;">=
 <tbody> <tr style=3D"vertical-align: top;"> <td valign=3D"top" style=3D"wo=
rd-break: break-word; vertical-align: top; text-size-adjust: 100%;"><span><=
/span></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <div> <tab=
le style=3D"margin: 0px; padding: 0px;"> <tbody> <tr> <td style=3D"margin: =
0px; padding-right: 11px; vertical-align: middle;"><img src=3D"https://d15k=
2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-=
c542cff6dd6a/3aca56371967418192255878e9689713/dot-1.5x.png" width=3D"12" he=
ight=3D"12" style=3D"display: block; width: 12px; height: 12px;"></td> <td =
style=3D"margin: 0px; padding: 0px; vertical-align: middle;"><p style=3D"ma=
rgin: 0px; font-size: 16px; letter-spacing: 0.075em;"><strong> NOW TRADING =
ON COINBASE </strong></p></td> </tr> </tbody> </table> </div> <a href=3D"ht=
tps://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=
=3Dd3b0aed455454ab3881ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYA9ht9jhGRLVog=
wpha4j7hFYQUA13paDL3qYtG3AviqCxOQ15CNJIu5lgfOYEOiJ163MBg55OmSai5qJq7GKJv-D8=
ovcXhsRSERfKt8MTyJPrS5K-FiFgUzKB8nleE9cEJx8fPaf3AJ1kghWs_-N5RJ9XagpBK2BAXwo=
aKSh7Q9-6Hrysde-IsWubXTFNwPbf0RzYYQBmQGyGVpFojx17Xkt2t9wB2ZyxlBFfjJ6az4-hot=
OcuNbj9h7L1fc8pUFxIB6Rf2qTEDYO0vbm7UNB7KpOkUiotGeTSn_gvpJim1iR1ZIUpQMTS3ejs=
aS7-6XAXde-__po0peb71v0NjPUYezeaXpjbxjOZ_zC02P5S1xd1FZqSu29I5M4vRFxKtX41JIG=
PL9dpG1J40DPbLmtgSaz5dp3_KbFjZXvTLVXFP_" target=3D"_blank" rel=3D"noopener =
noreferrer" style=3D"color: rgb(10, 11, 13); text-decoration: none;"> <tabl=
e style=3D"margin: 16px 0px 0px; width: 100%;"> <tbody> <tr> <td style=3D"f=
ont-size: 32px; line-height: 1.26; word-break: break-word; vertical-align: =
middle; white-space: nowrap;"><strong>BOBA</strong></td> <td style=3D"verti=
cal-align: middle; padding-left: 12px;"><img src=3D"https://dynamic-assets.=
coinbase.com/bec5786cf78f3266c3dc6ce232749a2aa61694f397aa26d4bbbe9ebcd25f98=
22601533c58be3a5de24096ecc931340ac450510f286857e1c5be6acaa9eb7a5d1/asset_ic=
ons/ff48eb23dd3bb2b550ced91b7534f1e3f1022ad51c485ee2487a0e2ce360835d.png" w=
idth=3D"26" height=3D"26" style=3D"display: block; width: 26px; height: 26p=
x; vertical-align: middle;"></td> <td style=3D"vertical-align: middle; text=
-align: right; width: 100%;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.=
net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371=
967418192255878e9689713/Newsletter%20Assets/newlistings_light.png" width=3D=
"21" height=3D"18" style=3D"width: 21px; height: 18px; vertical-align: midd=
le;"></td> </tr> </tbody> </table> <p style=3D"margin: 0px; line-height: 1.=
6;">BOBA is an Ethereum token that governs Boba DAO and can also be staked =
for rewards on the Boba Network. </p> </a><a href=3D"https://links.coinbase=
.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd3b0aed455454ab3881=
ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYA9ht9jhGRLVogwpha4j7hHEQIkJ8JBkRLpS=
aaC9_7eTbgcnlTxbbGaJA9sNQvK2tXFoUaHrpH87oYEvW6mnshgmlblv8iAzYzdhyiPu4V-sSRF=
nDAz56HBBxlQx0XP3kmq5K6FeN4XWx7x-r-9Re4BgqyNDNsYk2hLqhOeMRzaPiSEgDZvWcRyWBF=
YHfi__Hd2UaWDAGqp7J4FA_A0kByxCI9mAtVU1QJ5xCQ39ZPW1AF8Hrj2Nby7gztfyvTcenc0LG=
kdlkdxPihO4IEuX7ZvxQwhmlJzuBQViKxh9A9Xa8VqsdaOY0I2vOuDznuRMQJy0NA0Aebe3RFec=
2ROHVhPqiuA8ZhIx48f1GAPXjXlLA4VjOt4Y7vS_YkZvbaLFG8qobC1fi3MBrO7_WgXIicY%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 style=3D"font-size: 32px; line-height: 1.26; word-=
break: break-word; vertical-align: middle; white-space: nowrap;"><strong>AS=
T</strong></td> <td style=3D"vertical-align: middle; padding-left: 12px;"><=
img src=3D"https://dynamic-assets.coinbase.com/9fd5fc4b2b4769be9f650de27469=
3ec18bc9fb938548002a51d07d02c6a718c9882898d246e4920d7159e5a64380d6192e5243b=
6d8a28cb50c4d52faa2f5458f/asset_icons/8a169b6a74271d9ab6445b9d38cc1de7ff56a=
3766320a71e1cdb4ec4a994de68.png" width=3D"26" height=3D"26" style=3D"displa=
y: block; width: 26px; height: 26px; vertical-align: middle;"></td> <td sty=
le=3D"vertical-align: middle; text-align: right; width: 100%;"><img src=3D"=
https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6=
a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/Newsletter%20Asse=
ts/newlistings_light.png" width=3D"21" height=3D"18" style=3D"width: 21px; =
height: 18px; vertical-align: middle;"></td> </tr> </tbody> </table> <p sty=
le=3D"margin: 0px; line-height: 1.6;">AST is an Ethereum token for AirSwap,=
 a decentralized peer-to-peer trading network. </p> </a> <table width=3D"10=
0%" role=3D"presentation" valign=3D"top" style=3D"table-layout: fixed; vert=
ical-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 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: 2p=
x solid rgb(222, 224, 226); width: 100%;"> <tbody> <tr style=3D"vertical-al=
ign: top;"> <td valign=3D"top" style=3D"word-break: break-word; vertical-al=
ign: top; text-size-adjust: 100%;"><span></span></td> </tr> </tbody> </tabl=
e></td> </tr> </tbody> </table> <p style=3D"margin: 0px; line-height: 1.6; =
word-break: break-word;"><strong>Trivia answer</strong></p> <table style=3D=
"margin: 12px 0px 0px; line-height: 1.6; word-break: break-word;"> <tbody> =
<tr> <td style=3D"padding-right: 12px;"><strong>C</strong></td> <td>21 mill=
ion</td> </tr> </tbody> </table> <table style=3D"margin: 48px 0px 0px;"> <t=
body> <tr> <td style=3D"text-align: left;"><img src=3D"https://d15k2d11r6t6=
rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6=
dd6a/3aca56371967418192255878e9689713/Rebrand%20Assets/coinbase_footer_word=
mark.png" alt=3D"Coinbase" height=3D"26" style=3D"display: block; height: 2=
6px; margin-bottom: 24px;"></td> </tr> <tr> <td><a href=3D"https://links.co=
inbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dd3b0aed455454=
ab3881ff30c6afbb97f&_e=3DFkzAKl09o1WRg7cwFpdJYFoylQ84axXzolQscY-qYq82kWiCxa=
HcsGRIpM1equTmAnwJISass97K9KBxGS_RuMKFPvLdTGiEIgzIwjJy9Flmx7ZB8roLo4WGGTr8v=
_qZrSZfF1gIhp2RSwyTWOZ2BwmM4TBgcp5YjioJRT_wxlJpHxUardvqD8wcrEDFPRi6KvZpsCPQ=
NKqNc2qaQNSLMeAGor0ePCQvHvbU-fsj3uqJFCFrE5rdLKQF9wMjEqDaQwTwvqO-YbM5-ba0J_E=
KVAzE09I4hO9D8yvcpII1Pm1lCd85YM6u39ayqUuKMU0yTEkgjnmt_9JY6trKP7wu_Z3bxSRNW8=
WRw5iIzgUYAhP110ABvenn-nKBAdVn_snABKumeUxqd8SxeTdOxMvjaeWeXVYf3Ejl8dtnN0auJ=
NJmuFV9u23IQGEQ7tTBmxTg" title=3D"coinbase ios app" target=3D"_blank" rel=
=3D"noopener noreferrer"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/=
public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca563719674=
18192255878e9689713/Icons/app_apple.png" alt=3D"Download on iOS App store" =
height=3D"46" style=3D"display: block; height: 46px; margin-right: 8px;"></=
a></td> <td><a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967=
418192255878e9689713&_m=3Dd3b0aed455454ab3881ff30c6afbb97f&_e=3DFkzAKl09o1W=
Rg7cwFpdJYFyKAjGljGBoCllmpocIDUaXPG56BNkzqlAlJsCmwshcIHqj9j39xr1hl8HPjtdEgU=
wZXRDJ7WkU8TSGWv-CMPMcjom0BT9aqS9GTxGwZM0JvApWcxa8uD_m-JQAUxghfjJPRPqYmhcSK=
u-Pfa2mRbApazgra3hVRJUMHzI3UP4_ego8PNNFA2RVgVVUN1_XsoH6nOTLRyJ4YQDiwECNtppM=
QqY7hsKTIzIJqLP1EjcPHpMr7xfdQUL08YEPXPuzHHNxdghpIRn79S1PfVOdgcU6RrQga_xa9ZK=
hNBvE1SOzNCiKNS-jfYSL_lBuW58L_U3Emaf_CmRhrhN8xwPlc55uiZUTEuq2qFjoOX0oMEbavd=
lyl55FRMJBkApzyMJ9CKNSBkm507A9U63-wC9Nu61j6DAAbKJx8YFyi7QZiq7i" title=3D"co=
inbase android app" target=3D"_blank" rel=3D"noopener noreferrer"><img src=
=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713=
-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/Icons/app_goo=
gle.png" alt=3D"Download on Google Play" height=3D"46" style=3D"display: bl=
ock; height: 46px;"></a></td> </tr> </tbody> </table> <div style=3D"margin-=
top: 24px;"> <p style=3D"font-size: 12px; line-height: 1.8; word-break: bre=
ak-word; color: rgb(91, 97, 110);">Disclaimer: This material is the propert=
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