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Date: Thu, 21 Sep 2023 22:28:17 +0000
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From: Coinbase Bytes <newsletter@mail.coinbase.com>
Message-ID: <0100018ab9dbb022-5b90ed86-f490-46f6-bcbe-95324cefef98-000000@email.amazonses.com>
Mime-Version: 1.0
Reply-To: newsletter@mail.coinbase.com
Subject: Finance giants are making crypto moves
To: Vincent Herbert <vince@showfile.com>

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Coinbase BytesCitigroup, Nomura, and other Wall Street firms making web3 wa=
ves.
View in browser=20
<https://links.coinbase.com/e/evib?_t=3D3aca56371967418192255878e9689713&_m=
=3D12d65500869b4621ba4656dbcd5c521d&_e=3DBtTXNvXPC4MD0PzkHrwnyIV-kGv3v_U7mF=
ymzy2AZAvwamTWKKK0hLgF0ZojbMn77FKHfNpuXD4kpGaOS9W4XA%3D%3D>
 <https://coinbase.com>
 21/09/2023
 <https://www.coinbase.com>
Wall Street continued its investment in crypto infrastructure this week.=20
[Sirisvisual via Unsplash]

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

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

 * Bitcoin crossed $27K as the Fed holds rates steady. The Fed also signale=
d=20
one more hike in 2023 =E2=80=94 what it all means for crypto markets.
 * Wall Street is making more crypto moves. Inside blockchain initiatives f=
rom=20
CitiGroup, Nomura, and more.
 * This week in numbers. The amount of Americans that own crypto, the size =
of=20
India=E2=80=99s crypto market, and other stats you need to know.




Bitcoin

 =C2=A321,628.13=20

 +1.16%=20
 <https://coinbase.com/price/bitcoin?bytes_title=3Dbitcoin>=20

Ethereum

 =C2=A31,290.45=20

 -1.63%=20
 <https://coinbase.com/price/ethereum?bytes_title=3Dethereum>=20


XRP

 =C2=A30.41=20

 +4.37%=20
 <https://coinbase.com/price/xrp?bytes_title=3Dxrp>=20

Dogecoin

 =C2=A30.05=20

 -0.40%=20
 <https://coinbase.com/price/dogecoin?bytes_title=3Ddogecoin>=20


Cardano

 =C2=A30.20=20

 -1.24%=20
 <https://coinbase.com/price/cardano?bytes_title=3Dcardano>=20

Solana

 =C2=A315.89=20

 +4.61%=20
 <https://coinbase.com/price/solana?bytes_title=3Dsolana>=20


Bitcoin

 =C2=A321,628.13=20

 +1.16%=20
 <https://coinbase.com/price/bitcoin?bytes_title=3Dbitcoin>=20

Ethereum

 =C2=A31,290.45=20

 -1.63%=20
 <https://coinbase.com/price/ethereum?bytes_title=3Dethereum>=20

XRP

 =C2=A30.41=20

 +4.37%=20
 <https://coinbase.com/price/xrp?bytes_title=3Dxrp>=20


Dogecoin

 =C2=A30.05=20

 -0.40%=20
 <https://coinbase.com/price/dogecoin?bytes_title=3Ddogecoin>=20

Cardano

 =C2=A30.20=20

 -1.24%=20
 <https://coinbase.com/price/cardano?bytes_title=3Dcardano>=20

Solana

 =C2=A315.89=20

 +4.61%=20
 <https://coinbase.com/price/solana?bytes_title=3Dsolana>=20
Price changes are for the past week, ending on Sep 21, 2023 at 09:54 PM UTC
See the latest prices <https://www.coinbase.com>



 MARKET UPDATE=20

BTC climbed slightly in advance of the Federal Reserve=E2=80=99s September =
interest=20
rate pause

For most of 2023, crypto markets have been in something of a holding patter=
n,=20
with bitcoin experiencing historically low volatility =E2=80=94 partly due =
to the=20
Federal Reserve=E2=80=99s strategy for battling inflation, which has seen i=
nterest=20
rates ramp up to 22-year highs.

This week, the central bank=E2=80=99s Federal Open Markets Committee held i=
ts first=20
meeting since July. Responding to data showing inflation is slowing and gro=
wth=20
and job market numbers remain relatively strong, the Fedchose to keep inter=
est=20
rates at their current level=20
<https://www.wsj.com/economy/central-banking/federal-reserve-powell-interes=
t-rates-ba600bf0>
. Crypto markets had widely anticipated the move, with BTC prices ticking=
=20
upward nearly 4% for the week, before most of the gains were reversed on=20
Thursday morning.

What happened with BTC prices this week?=20

In the runup to the Fed announcement, markets anticipated little major news=
=20
would emerge from the Fed Meeting, although BTC broke the $27,000 mark for =
the=20
first time in a month and notched its first weekly gain in the same period.=
 BTC=20
climbed slightly following the actual announcement before dipping back belo=
w=20
$27,000, with analysts noting the widely anticipated news had already been=
=20
=E2=80=9Cpriced in.=E2=80=9D The biggest cryptocurrency by market cap also =
saw itsdominance=20
<https://www.coindesk.com/markets/2023/09/18/bitcoins-crypto-market-dominan=
ce-rises-to-50-and-it-could-go-higher-say-analysts/>
 =E2=80=94 or its percentage of the total crypto market =E2=80=94 rise back=
 above 50% for the=20
first time in a month.

What do inflation=20
<https://www.coinbase.com/learn/crypto-basics/what-is-inflation> and intere=
st=20
rates have to do with crypto prices?

This is a complicated topic! But in very basic terms=20
<https://www.coinbase.com/bytes/archive/how-record-inflation-impacts-crypto=
>,=20
rising inflation means that the prices people pay for goods and services go=
 up,=20
and the spending power of the fiat currency they earn goes down. This can l=
ead=20
to higher crypto adoption, as it has in countriesincluding Turkey and Argen=
tina=20
<https://decrypt.co/154724/republic-of-turkey-crypto-adoption-half-kucoin> =
=E2=80=94=20
where inflation has severely devalued the local currencies and made crypto =
a=20
popular alternative.

In the U.S., where the Federal Reserve has responded to rising inflation by=
=20
gradually increasing interest rates to the current 5.25% level, some invest=
ors=20
may have chosen to sell riskier assets like tech stocks and crypto in favor=
 of=20
a safer yield on their dollars in some banks=E2=80=99 savings accounts. Con=
versely,=20
falling interest rates would make borrowing money for individuals and=20
businesses cheaper and could influence some investors to shift back into cr=
ypto
as they did during the bull market=20
<https://decrypt.co/197834/what-the-next-fed-meeting-could-mean-for-bitcoin=
>=20
that peaked in late 2021.

What is the Fed watching for? And when could rates go down?

The Fed=E2=80=99s goal is to bring inflation to 2% without causing a big sp=
ike in=20
unemployment =E2=80=94 a scenario widely referred to as a =E2=80=9Csoft lan=
ding.=E2=80=9DAccording to=20
Reuters=20
<https://www.reuters.com/markets/rates-bonds/fed-projections-show-if-soft-l=
anding-is-new-baseline-or-baseless-2023-09-20/>
, many market watchers anticipate that the central bank could increase rate=
s=20
one more time this year: =E2=80=9CShould it occur, that next rate increase =
may indeed=20
be the last of a tightening cycle that began in March 2022, but projections=
 for=20
next year and beyond will indicate how long the period of high interest rat=
es=20
is expected to be, how fast inflation returns to target, and how much the=
=20
economy slows and unemployment rises along the way.=E2=80=9D

The bottom line=E2=80=A6

The Fed has been pretty consistent in telegraphing its next moves, which ha=
s=20
meant that interest-rate announcements have tended to have fairly muted imp=
acts=20
on markets this year. But statements from Fed chair Jerome Powell always ha=
ve=20
the potential to move markets, which is why all eyes were on the central ba=
nk=20
this week =E2=80=94 and will be again at the next meeting at the end of Oct=
ober. As a=20
CoinShares analysttold Blockworks=20
<https://blockworks.co/news/federal-reserve-fomc-rate-decision-crypto-price=
s>:=20
=E2=80=9CIf the Fed is seen to express more dovish rhetoric, then bitcoin p=
rices could=20
rally. Conversely, overly hawkish comments are likely to weigh on prices.=
=E2=80=9D
Learn BTC basics <https://www.coinbase.com/learn/crypto-basics/what-is-bitc=
oin>
 <https://www.coinbase.com/learning-rewards>

 WHALE STREET=20

Inside Wall Street=E2=80=99s latest crypto moves, from Citi=E2=80=99s block=
chain payments plan=20
to new venture fundraises

Ever since June, when a wave of Wall Street=E2=80=99s biggest names applied=
=20
<https://www.coinbase.com/bytes/archive/bitcoin-rallies-on-wall-streets-cry=
pto-moves>
 for spot bitcoin ETFs, many of the world=E2=80=99s biggest banks and inves=
tment firms=20
have continued to invest in new blockchain and crypto-related services. Thi=
s=20
week Citigroup and Japanese investment giant Nomura are among the major pla=
yers=20
making moves. Let's take a closer look:

Citigroup is launching instantaneous blockchain payments=20

Citi Token Services, a new product from the third-biggest U.S. bank, allows=
=20
institutional clients toconvert their deposits into digital tokens=20
<https://www.bloomberg.com/news/articles/2023-09-18/citi-debuts-token-servi=
ce-in-latest-foray-into-digital-assets?sref=3DaInCMkkj&embedded-checkout=3D=
true#xj4y7vzkg>
 that can be sent anywhere in the world =E2=80=94 and because they=E2=80=99=
re processed via=20
blockchain, the transfers settle instantaneously.

Citi=E2=80=99s pilot for the program, which focused on the shipping industr=
y, found=20
that the use of digital tokens and smart contractscould significantly reduc=
e=20
payment-processing times=20
<https://decrypt.co/197602/citigroup-launches-smart-contract-digital-token-=
service-for-institutions>
 for an industry that=E2=80=99s heavily reliant on letters of credit from b=
anks, which=20
can take days to process. Instead, shipping companies could use smart contr=
acts=20
that would automatically transfer funds once the conditions of a transactio=
n=20
have been met.

Citi predicts=20
<https://decrypt.co/124938/citi-says-mass-adoption-crypto-will-be-driven-cb=
dcs-tokenization>
 the tokenization of real-world assets will bring trillions in value to=20
blockchains within 10 years.

Japanese finance giant Nomura is launching a =E2=80=9CBitcoin Adoption Fund=
=E2=80=9D

Via a subsidiary called Laser, Japanese investment bank Nomura (which has $=
500=20
billion under management)is launching the Bitcoin Adoption Fund=20
<https://bitcoinmagazine.com/business/500-billion-nomuras-digital-asset-sub=
sidiary-launches-bitcoin-fund-for-institutions>
, the first in a new range of digital-asset investment products aimed at=20
institutional clients. The Bitcoin Adoption Fund will rely on Komainu =E2=
=80=94 a=20
crypto-custody firm formed by Nomura, Ledger, and CoinShares =E2=80=94 to h=
old clients=E2=80=99=20
assets.

The fund offers only =E2=80=9Clong=E2=80=9D exposure to BTC, meaning that i=
nvestors won=E2=80=99t be=20
able to bet against BTC through the fund. Sebastien Guglietta, head of Lase=
r=20
Digital Asset Management, called bitcoin =E2=80=9Cone of the enablers of th=
is=20
long-lasting transformational change,=E2=80=9D and said that =E2=80=9Clong-=
term exposure to=20
bitcoin offers a solution to investors to capture this macro trend."

Crypto-focused VC firm Blockchain Capital raised a record $580 million

Blockchain Capital has raised nearly $600 million=20
<https://www.bloomberg.com/news/articles/2023-09-18/crypto-vc-firm-blockcha=
in-capital-raises-580-million-for-two-new-funds?srnd=3Dcryptocurrencies-v2&=
sref=3DaInCMkkj>
 across two new funds that will focus on decentralized finance, gaming, and=
=20
crypto infrastructure. Investors in the funds include Visa, PayPal, and the=
=20
Teacher Retirement System of Texas. The new funding round, which is the lar=
gest=20
in Blockchain Capital=E2=80=99s 10-year history, adds to the firm=E2=80=99s=
 existing $2 billion=20
in assets under management.

What=E2=80=99s next?

The really big Wall Street news crypto markets have been waiting for is the=
=20
SEC=E2=80=99s response toa wave of =E2=80=9Cspot=E2=80=9D bitcoin ETF appli=
cations=20
<https://www.coinbase.com/bytes/archive/behind-cryptos-early-summer-rally> =
from=20
earlier this summer =E2=80=94 including one from the world=E2=80=99s bigges=
t asset manager,=20
BlackRock. At least ten major firms are pursuing such products, which would=
 buy=20
BTC and sell shares via conventional brokerages. Bitcoin prices spiked in J=
une=20
when the applications were announced, and again last month when a federal c=
ourt=20
sided with crypto-asset manager Grayscale in a related case. Meanwhile,the=
=20
first European spot BTC ETF=20
<https://finance.yahoo.com/news/europe-spot-bitcoin-etf-means-090100353.htm=
l>=20
began trading in Amsterdam this week.


Learn about ETFs <https://www.coinbase.com/learn/crypto-basics/what-is-an-e=
tf>



 NUMBERS TO KNOW=20

$269 billion

Total volume of India=E2=80=99s crypto market from July 2022 to June 2023, =
making it=20
the second-largest crypto market in the world, behind only the United State=
s.=20
According to a newglobal adoption report=20
<https://www.chainalysis.com/blog/central-southern-asia-cryptocurrency-adop=
tion/>
 from on-chain research firm Chainalysis, India =E2=80=9Cleads the world in=
 grassroots=20
adoption,=E2=80=9D despite its30% tax=20
<https://www.forbes.com/advisor/in/investing/cryptocurrency/crypto-bill/#:~=
:text=3Dthe%20government%20of%20India%20announced%20a%2030%25%20tax%20on%20=
gains%20from%20cryptocurrencies%20and%20a%201%25%20tax%20deducted%20at%20so=
urce.>
 on crypto gains.

52 million

Number of Americans who own crypto, according to research=20
<https://www.coinbase.com/blog/a-call-to-action-mobilizing-52-million-crypt=
o-owners-into-an-army-of-1>
 by Coinbase. That's about one in five adults in the United States, or roug=
hly=20
2 times greater than the number of American families who directly hold stoc=
k,=20
per the Federal Reserve=E2=80=99s latestsurvey=20
<https://www.federalreserve.gov/econres/scf/dataviz/scf/chart/#series:Direc=
tly_Held_Stocks;demographic:all;population:1;units:median>
. This week, Coinbase announcedefforts=20
<https://www.coinbase.com/blog/a-call-to-action-mobilizing-52-million-crypt=
o-owners-into-an-army-of-1>
 to help mobilize crypto advocates ahead of the 2024 election bymaking it=
=20
simple to call=20
<https://www.standwithcrypto.org/?action=3Dcall-your-representative> their=
=20
elected representatives.

3

Number of central banks that are testing a Central Bank Digital Currency (C=
BDC)
=20
<https://www.coinbase.com/institutional/research-insights/resources/educati=
on/what-are-central-bank-digital-currencies-and-what-are-they-used-for>
 interoperabilityproject=20
<https://www.swift.com/news-events/press-releases/swift-advances-cbdc-innov=
ation-interlinking-solution-begins-beta-testing#:~:text=3DBrussels%2C%2013%=
20September%2C%202023%20%E2%80%93,with%20the%20solution%20in%20a>
 with Swift, the global financial messaging network. The Hong Kong Monetary=
=20
Authority, the National Bank of Kazakhstan, and another unnamed participant=
 are=20
testing CBDCs for cross-border payments.






 TOKEN TRIVIA=20

Which crypto blockchain is currently proof-of-stake?

ABitcoin
BEthereum
CLitecoin
DRipple
Find the answer at the end of the email.
Learn more about proof of stake=20
<https://www.coinbase.com/learn/crypto-basics/what-is-proof-of-work-or-proo=
f-of-stake>



 NOW TRADING ON COINBASE=20

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


Trivia answer

BEthereum

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

 =C2=A9 Coinbase 2023 | Coinbase Europe Limited=20
 70 Sir John Rogerson=E2=80=99s Quay | Dublin 2 | D02 R296 | Ireland=20
 =C2=A9 Coinbase 2023 | CB Payments, Ltd=20
 The Scalpel - 18th Floor | 52 Lime Street | London | EC3M 7AF | UK=20
www.coinbase.com <https://www.coinbase.com/>=20
Get in touch <https://help.coinbase.com/en>=20

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

 Cryptocurrency is unregulated in the UK and may gain in value, or lose som=
e=20
or all value. Profits may be subject to Capital Gains Tax.


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s.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D12d655008=
69b4621ba4656dbcd5c521d&_e=3DBM2MLvBngnug31Eaa-lvhq-a8uxa4R855DL7znnr3OzVT5=
kFvsRZX3g3_5z4eqPv1zwSS4PUZKNE28ma7KHE6wH_AmeqR3bTY407kdweV3YoAs8479sqQOciB=
vD72Kw5EN2iKRoPNYF96jHE7InWs69hMEZUoPEahd179DvwIVPwwEz0g4Oawo7r_kZvKsM9zzZE=
cJqYoWokHL5G9qzz0eLo_ii_1s3xvtwEGJ20yo8kv9fVcWt8vEb1FPihQNd66VALfrO2KGV6170=
CC9Soak9DB5U31TeCj7bN9Q64_TUIdvaJ8hdZQ3x4zFuGimzi" title=3D"Coinbase Bytes"=
 target=3D"_blank" rel=3D"noopener noreferrer"><img src=3D"https://d15k2d11=
r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542=
cff6dd6a/3aca56371967418192255878e9689713/cbytes-4x.png" height=3D"36" styl=
e=3D"display: block; height: 36px;"></a></td><td style=3D"text-align: right=
;"><p style=3D"font-size: 20px; color: rgb(10, 11, 1); margin: 10px 0px 0px=
;"> 21/09/2023</p></td></tr></tbody></table></div><a href=3D"https://links.=
coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D12d65500869=
b4621ba4656dbcd5c521d&_e=3DBM2MLvBngnug31Eaa-lvhkFEg3JefGY8UN8LHYGvUOLjZvfr=
It06RjmN22Iyho3dV1LmAcd5MuYle_Lu6PhK25GEdypYdlya2PE2LVQEKfBuevD5XSySSUJzHzw=
m9Z-wadBkePk8gAT_BBwk4FZrnTncDfK9u_tqNZjq_SAGDzuwuxL1ZhzXfrzxBwB9P6xBhq5daB=
9OfeMolFRqgbD7K9JPtz_C1b2rB8movndETvmllFfqRvo_12Ms0Ob0KnQec-e2Dj49E8JEOhj3t=
2ic42It09EjPP1H3XgnJtkNHlM7wn8iVthQ_DrmfzeDFJfX" target=3D"_blank" rel=3D"n=
oopener noreferrer"><img src=3D"https://images.ctfassets.net/q5ulk4bp65r7/1=
RoAQaykDV8p5zftc6fOps/cdbd71932710a72f99ea92805726ae41/hero.jpg" width=3D"1=
00%" style=3D"display: block; width: 100%;"></a><p style=3D"margin: 16px 0p=
x 0px; line-height: 1.5; word-break: break-word; font-size: 12px; color: rg=
b(91, 97, 110);">Wall Street continued its investment in crypto infrastruct=
ure this week. [Sirisvisual via Unsplash]</p><p style=3D"margin: 48px 0px 1=
6px; font-size: 32px; line-height: 1.26; word-break: break-word;"><strong>W=
hat=E2=80=99s up? It=E2=80=99s Coinbase Bytes </strong></p><p style=3D"marg=
in: 0px; line-height: 1.6; word-break: break-word;">There=E2=80=99s never a=
 dull moment on the blockchain. Here=E2=80=99s what you need to know this w=
eek:</p><!--[if mso]><ul style=3D"line-height:1.6;mso-line-height-alt:26px;=
"><![endif]--><!--[if !mso]><!-- --><ul style=3D"margin: 10px 0px; padding-=
left: 24px; line-height: 1.6;"><!--<![endif]--><li style=3D"margin: 0px; pa=
dding: 6px 0px;"><strong>Bitcoin crossed $27K as the Fed holds rates steady=
. </strong>The Fed also signaled one more hike in 2023 =E2=80=94 what it al=
l means for crypto markets.</li><li style=3D"margin: 0px; padding: 6px 0px;=
"><strong>Wall Street is making more crypto moves. </strong>Inside blockcha=
in initiatives from CitiGroup, Nomura, and more.</li><li style=3D"margin: 0=
px; padding: 6px 0px;"><strong>This week in numbers. </strong>The amount of=
 Americans that own crypto, the size of India=E2=80=99s crypto market, and =
other stats you need to know.</li></ul><p style=3D"margin: 0px; padding: 0p=
x;"></p><!--[if !mso]><!--> <div class=3D"desktop_hide" style=3D"mso-hide:a=
ll;display:none;max-height:0;overflow:hidden;"> <table style=3D"width:100%;=
table-layout:fixed;margin:0;"> <tbody> <tr> <td style=3D"padding-top:40px;"=
> <a href=3D"https://comm.coinbase.com/CL0/https:%2F%2Flinks.coinbase.com%2=
Fa%2Fclick%3F_t=3D3aca56371967418192255878e9689713%26_m=3D12d65500869b4621b=
a4656dbcd5c521d%26_e=3DBM2MLvBngnug31Eaa-lvhi5MtwpTXbxxK8AHiMiH3rLWgXjCGmic=
2nGaoIjNHwiLUM3J62J2InCvIUH5qmcRFH1qmYoReB-zIFPAzfqtPCEFqsMGsgKJf7qS9EOXPn_=
ouy6QnZh-DG1SJVRIbASSMM1JmHWAAugiBOA7VJE6SC2YhrYofr2-VzxMinhLrQCajmSYIyFT_o=
2a5HztxtwxNwvwct950IiRRavI3Qsk1Uds2JycC7Ghe_979pmBClD79NKruT2EQa-GISqt1ZBPr=
RMdCYDb78rWambsPD8_cVPxK9He8UM3jvMAVgoaa2xwWYYBj4BoA64pGBcsH1M7L2T_CVVFoyMu=
sbcfW_NZFE8%253D/1/0100018ab9dbb022-5b90ed86-f490-46f6-bcbe-95324cefef98-00=
0000/dPn2Df1X-MLUd0sCDbMgfSj5_uedYn268n8kN7cNrn0=3D319" target=3D"_blank" s=
tyle=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td styl=
e=3D"padding:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.clo=
udfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3=
aca56371967418192255878e9689713/up-arrow.png" style=3D"height:12px;width:12=
px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"12" width=3D"12"/>=
 </td> <td style=3D"padding:0;vertical-align:top;"> <div style=3D"text-alig=
n:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><str=
ong>Bitcoin</strong></p> <p style=3D"margin:8px 0px;"> =C2=A321,628.13 </p>=
 <p style=3D"margin:0;font-size:12px;"> +1.16% </p> </div> </td> </tr> </tb=
ody> </table> </a> </td> <td style=3D"padding-top:40px;"> <a href=3D"https:=
//comm.coinbase.com/CL0/https:%2F%2Flinks.coinbase.com%2Fa%2Fclick%3F_t=3D3=
aca56371967418192255878e9689713%26_m=3D12d65500869b4621ba4656dbcd5c521d%26_=
e=3DBM2MLvBngnug31Eaa-lvhi5MtwpTXbxxK8AHiMiH3rIS4GqUgqkqc82G1IbxGimqT1yJAwc=
RU7YA_Ynn6arS2KiV9Wo7LOQkr5rZYahlp3CxoYCD0RTkPDpC-6_rDYd6TAmO7ekTMQ9bE-pMDo=
-Puyxh2nszzXk0eY3hQ4iaMlAW7_ddLuX4mWrdtvPzMzx7hbfiUkTKab-bDZ8usoMSlUrtS2LUC=
mQKcIwjZY1uHnor7i13ED-SonuHQv32lwijptAcK-WDjdZvPqlUsO8NXoB1-1UAFV6PoKS4wpIU=
bjDuqC5JjSiL1AfuoT-2CmfuF4tWY0HEgZjGWG917jKlEml5CMOTQkQ-rnAwacH229o%253D/1/=
0100018ab9dbb022-5b90ed86-f490-46f6-bcbe-95324cefef98-000000/cde-dndjyfH1Y2=
VfbG8pQ2T2R4w77ths_z-pUDDNTlI=3D319" target=3D"_blank" style=3D"text-decora=
tion:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vert=
ical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/=
users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5637196741819225=
5878e9689713/down-arrow.png" style=3D"height:12px;width:12px;margin:2px 0px=
 0px 0px;vertical-align:top;" height=3D"12" width=3D"12"/> </td> <td style=
=3D"padding:0;vertical-align:top;"> <div style=3D"text-align:left;margin:0p=
x 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Ethereum</st=
rong></p> <p style=3D"margin:8px 0px;"> =C2=A31,290.45 </p> <p style=3D"mar=
gin:0;font-size:12px;"> -1.63% </p> </div> </td> </tr> </tbody> </table> </=
a> </td> </tr> <tr> <td style=3D"padding-top:20px;"> <a href=3D"https://com=
m.coinbase.com/CL0/https:%2F%2Flinks.coinbase.com%2Fa%2Fclick%3F_t=3D3aca56=
371967418192255878e9689713%26_m=3D12d65500869b4621ba4656dbcd5c521d%26_e=3DB=
M2MLvBngnug31Eaa-lvhi5MtwpTXbxxK8AHiMiH3rLR5E3_-SVQY-jxom1SNQlJIjracpySr61l=
igq2_Vj3MpVxmHAKn6UlMEdryaO_xI2hyhVtDbsR-wT-oUAnEAMrJK3SkhKOBD7h4HVOJh5c3JO=
yBv7W6ye7pcTNKnIB-Il7Wm2UwwodyRm-W_qTOjOzXdgOj6bNfuFN3PVn30jlhzyQuvxFanaMPv=
L9ikz3EfDRaB5JXYrPk49eVrLsApyOCl1YQKKKRucyw59syOWE68pKQGwoX3k_H_I6C5S97pov2=
pLjDXSqJ32e4Z759wFjuy1VOVtygadqI4QPs5RNu5ojLY7aflkFtodz6mIBO64%253D/1/01000=
18ab9dbb022-5b90ed86-f490-46f6-bcbe-95324cefef98-000000/FFNJdD_QPM1LnPeEVQE=
uC3m-ggki-7nuwgBsLd8UxZE=3D319" target=3D"_blank" style=3D"text-decoration:=
none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical-=
align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users=
/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e=
9689713/up-arrow.png" style=3D"height:12px;width:12px;margin:2px 0px 0px 0p=
x;vertical-align:top;" height=3D"12" width=3D"12"/> </td> <td style=3D"padd=
ing:0;vertical-align:top;"> <div style=3D"text-align:left;margin:0px 0px 0p=
x 10px;line-height:1;"> <p style=3D"margin:0;"><strong>XRP</strong></p> <p =
style=3D"margin:8px 0px;"> =C2=A30.41 </p> <p style=3D"margin:0;font-size:1=
2px;"> +4.37% </p> </div> </td> </tr> </tbody> </table> </a> </td> <td styl=
e=3D"padding-top:20px;"> <a href=3D"https://comm.coinbase.com/CL0/https:%2F=
%2Flinks.coinbase.com%2Fa%2Fclick%3F_t=3D3aca56371967418192255878e9689713%2=
6_m=3D12d65500869b4621ba4656dbcd5c521d%26_e=3DBM2MLvBngnug31Eaa-lvhi5MtwpTX=
bxxK8AHiMiH3rI_ASnZQm-X_4Mh2jjD5nEubxMU_i4g6hOmRu4qqYejuNNcfJzB3mqEZSk6C5aF=
9DW7XvnVXkUrZ2phf5mOvtGXQe4XU9zNX6sVjDHBCQOZMQy5SgDwn3mFrtMmzQcUcCjB3bZhjsZ=
mtpo4BYg3j1r0jov7T0HtDhTkTZcTyw5FvFDI-UCwJaF36RyW_I2HP7Yn3MjTfJWwtcsUkrYyyU=
s2OjUwAqqpZoL1DI-SbkvuCula_QnXkaQEmjYZiWAFOGm-XDOU3HL5DgdS6-BmxjXCmfcZ3TUxM=
GO-mCJs7XXVaEW-UbWPOL8onL_nWuDtmB4%253D/1/0100018ab9dbb022-5b90ed86-f490-46=
f6-bcbe-95324cefef98-000000/ibxhl8LwCWVhwuUJEXmKplCSB9CsGcmSEgKCEt7oY_I=3D3=
19" target=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <table=
> <tbody> <tr> <td style=3D"padding:0;vertical-align:top;"> <img src=3D"htt=
ps://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-4=
6bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/down-arrow.png" styl=
e=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" hei=
ght=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 0=
px;"> =C2=A30.05 </p> <p style=3D"margin:0;font-size:12px;"> -0.40% </p> </=
div> </td> </tr> </tbody> </table> </a> </td> </tr> <tr> <td style=3D"paddi=
ng-top:20px;"> <a href=3D"https://comm.coinbase.com/CL0/https:%2F%2Flinks.c=
oinbase.com%2Fa%2Fclick%3F_t=3D3aca56371967418192255878e9689713%26_m=3D12d6=
5500869b4621ba4656dbcd5c521d%26_e=3DBM2MLvBngnug31Eaa-lvhi5MtwpTXbxxK8AHiMi=
H3rI6wH_kMlevdnoXMjznkXv8d2j3XGA1wkC6tCvWqFUxRzV9811Pnh_Q4o6cBET5nsMyH3nhSM=
dSUniyHK-qQXaG9zx2wL221c8MNMwvA8_2Y0PMVD54nlEPRjl5EvkkN7bCdcuCisJjdSXmyIeDk=
mayUmNajEFaKvYLrxj1cTLG-b-if0gqqnJK51LHA9kbPUpdRkw0VMRD2djXJzUVUMJxWNW6C35V=
oDjRJdXawKarfvR-zrtteopHTSAJDwWzbNwjatEUmJ-TftDPWfzugPF1QpzqD4EEkntBUjeaiya=
2xMbDI1pn5juxQp2eTtCJfuc%253D/1/0100018ab9dbb022-5b90ed86-f490-46f6-bcbe-95=
324cefef98-000000/15cTOoJAwwYldpfuUqzgBKy7S45vZUgp3zcjuShaal0=3D319" target=
=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody> =
<tr> <td style=3D"padding:0;vertical-align:top;"> <img src=3D"https://d15k2=
d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c=
542cff6dd6a/3aca56371967418192255878e9689713/down-arrow.png" style=3D"heigh=
t:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"12"=
 width=3D"12"/> </td> <td style=3D"padding:0;vertical-align:top;"> <div sty=
le=3D"text-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D"=
margin:0;"><strong>Cardano</strong></p> <p style=3D"margin:8px 0px;"> =C2=
=A30.20 </p> <p style=3D"margin:0;font-size:12px;"> -1.24% </p> </div> </td=
> </tr> </tbody> </table> </a> </td> <td style=3D"padding-top:20px;"> <a hr=
ef=3D"https://comm.coinbase.com/CL0/https:%2F%2Flinks.coinbase.com%2Fa%2Fcl=
ick%3F_t=3D3aca56371967418192255878e9689713%26_m=3D12d65500869b4621ba4656db=
cd5c521d%26_e=3DBM2MLvBngnug31Eaa-lvhi5MtwpTXbxxK8AHiMiH3rKeJLShsliL_VTOyu5=
ZuqjNzUbfSPqKFza_RR2L-KeqIClKym-hjczhVQpsONZE_NE9uN88HB0pMULJ2oxGXnUvIXjecO=
SVFUrs8wHUYeNsY0SEOAv-PARB6TxKLFBP1RPUhmr1n9S5PNUJzsQprdAPPOhpFcxAwsClLM-gA=
ygFpTuZWGpLcSrTBlgN3mA0rU4gP8U0T1DFgCqeSdC2cocViqXGmbsjuNLc2LjnYyKlfHtoJwso=
hVKHzXqojVsarohCgMD1ErRAItae1lW_WRgmhye-YJAO-FSjFZRlLulr84sz9l74_oYvPiFa6tY=
BOC8%253D/1/0100018ab9dbb022-5b90ed86-f490-46f6-bcbe-95324cefef98-000000/E3=
J0N0sN-3wLODfLWhbRCHJeKGFr5RcdY2_q7pS5j4E=3D319" target=3D"_blank" style=3D=
"text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"pa=
dding:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront=
.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5637=
1967418192255878e9689713/up-arrow.png" style=3D"height:12px;width:12px;marg=
in: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>Sol=
ana</strong></p> <p style=3D"margin:8px 0px;"> =C2=A315.89 </p> <p style=3D=
"margin:0;font-size:12px;"> +4.61% </p> </div> </td> </tr> </tbody> </table=
> </a> </td> </tr> </tbody> </table> </div> <!--<![endif]--> <div class=3D"=
mobile_hide"> <table style=3D"width:100%;table-layout:fixed;margin:0;"> <tb=
ody> <tr> <td style=3D"padding-top:40px;"> <a href=3D"https://comm.coinbase=
.com/CL0/https:%2F%2Flinks.coinbase.com%2Fa%2Fclick%3F_t=3D3aca563719674181=
92255878e9689713%26_m=3D12d65500869b4621ba4656dbcd5c521d%26_e=3DBM2MLvBngnu=
g31Eaa-lvhi5MtwpTXbxxK8AHiMiH3rLWgXjCGmic2nGaoIjNHwiLUM3J62J2InCvIUH5qmcRFH=
1qmYoReB-zIFPAzfqtPCEFqsMGsgKJf7qS9EOXPn_ouy6QnZh-DG1SJVRIbASSMM1JmHWAAugiB=
OA7VJE6SC3tfDRexFYT0A88_6C3wWBGLwqQ5TIZIxzlPly2VjNy-noq5F9Wnt9YGwopA6fIrUEL=
KJuzhEDz-mqYuugt3uG7Y4QTO8i7gOgrSMIKbxLFsuBtSV2lfBQkJw9i7bmMWvTwmM3PY7a9Kto=
-v_tJ4RGKN86cqAXJHH2wEqDGJho5ZsySD0c1Yo0r2EHMe55UDws%253D/1/0100018ab9dbb02=
2-5b90ed86-f490-46f6-bcbe-95324cefef98-000000/hDxqG82y6jhvuu9-Y49XBa3bisfgU=
BW8IiK71K2hI4Y=3D319" target=3D"_blank" style=3D"text-decoration:none;color=
:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical-align:top;=
"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrato=
rs/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up=
-arrow.png" style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical=
-align:top;" height=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;vert=
ical-align:top;"> <div style=3D"text-align:left;margin:0px 0px 0px 10px;lin=
e-height:1;"> <p style=3D"margin:0;"><strong>Bitcoin</strong></p> <p style=
=3D"margin:8px 0px;"> =C2=A321,628.13 </p> <p style=3D"margin:0;font-size:1=
2px;"> +1.16% </p> </div> </td> </tr> </tbody> </table> </a> </td> <td styl=
e=3D"padding-top:40px;"> <a href=3D"https://comm.coinbase.com/CL0/https:%2F=
%2Flinks.coinbase.com%2Fa%2Fclick%3F_t=3D3aca56371967418192255878e9689713%2=
6_m=3D12d65500869b4621ba4656dbcd5c521d%26_e=3DBM2MLvBngnug31Eaa-lvhi5MtwpTX=
bxxK8AHiMiH3rIS4GqUgqkqc82G1IbxGimqT1yJAwcRU7YA_Ynn6arS2KiV9Wo7LOQkr5rZYahl=
p3CxoYCD0RTkPDpC-6_rDYd6TAmO7ekTMQ9bE-pMDo-Puyxh2nszzXk0eY3hQ4iaMlAW7_ddLuX=
4mWrdtvPzMzx71gCSQ-AkMEoAzZx4Tp4AZsRDLUU4snWwm4ijRnbd8vjBKtFmCLP60NTIzG4vPT=
u_A1mZh1kTAEkGvw25lYGSS0i9jyd7VHGKtbMMEnz7fZUppz0Yzn-OIw0_L0NVPNJLQhfYWiKq1=
RV4npulASqYtj-mRuq-2sET5GSuUzNDdQY%253D/1/0100018ab9dbb022-5b90ed86-f490-46=
f6-bcbe-95324cefef98-000000/QAKQqg10esxb__MjMZKkW40xRlR319ldfisQ0ms7ZEM=3D3=
19" target=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <table=
> <tbody> <tr> <td style=3D"padding:0;vertical-align:top;"> <img src=3D"htt=
ps://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-4=
6bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/down-arrow.png" styl=
e=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" hei=
ght=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;vertical-align:top;"=
> <div style=3D"text-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p=
 style=3D"margin:0;"><strong>Ethereum</strong></p> <p style=3D"margin:8px 0=
px;"> =C2=A31,290.45 </p> <p style=3D"margin:0;font-size:12px;"> -1.63% </p=
> </div> </td> </tr> </tbody> </table> </a> </td> <td style=3D"padding-top:=
40px;"> <a href=3D"https://comm.coinbase.com/CL0/https:%2F%2Flinks.coinbase=
.com%2Fa%2Fclick%3F_t=3D3aca56371967418192255878e9689713%26_m=3D12d65500869=
b4621ba4656dbcd5c521d%26_e=3DBM2MLvBngnug31Eaa-lvhi5MtwpTXbxxK8AHiMiH3rLR5E=
3_-SVQY-jxom1SNQlJIjracpySr61ligq2_Vj3MpVxmHAKn6UlMEdryaO_xI2hyhVtDbsR-wT-o=
UAnEAMrJK3SkhKOBD7h4HVOJh5c3JOyBv7W6ye7pcTNKnIB-Inuo6Yfeqa_WdnrnsBSJp2E6Jpy=
4bNDK0n4_bG-6ifFYGCkAttnSZbQR48hFjevRm1g9JYpQsQ6pGH_JakQcmk9Are4WVa7lwVtn20=
dcctpsYktUU5-Uc4xswmblKjJvmFEjZZfO6Na5Ya4cZKkJoD24mCei_L0DJAul0w5MHD3HmVAPF=
BIAHoYN1nBCo-oCzc%253D/1/0100018ab9dbb022-5b90ed86-f490-46f6-bcbe-95324cefe=
f98-000000/GwcMiGUQI-hOMKCxS5KcM8puqKgtixQMz2qOiew_Ucg=3D319" target=3D"_bl=
ank" style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <t=
d style=3D"padding:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6=
rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6=
dd6a/3aca56371967418192255878e9689713/up-arrow.png" style=3D"height:12px;wi=
dth:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"12" width=3D=
"12"/> </td> <td style=3D"padding:0;vertical-align:top;"> <div style=3D"tex=
t-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;=
"><strong>XRP</strong></p> <p style=3D"margin:8px 0px;"> =C2=A30.41 </p> <p=
 style=3D"margin:0;font-size:12px;"> +4.37% </p> </div> </td> </tr> </tbody=
> </table> </a> </td> </tr> <tr> <td style=3D"padding-top:20px;"> <a href=
=3D"https://comm.coinbase.com/CL0/https:%2F%2Flinks.coinbase.com%2Fa%2Fclic=
k%3F_t=3D3aca56371967418192255878e9689713%26_m=3D12d65500869b4621ba4656dbcd=
5c521d%26_e=3DBM2MLvBngnug31Eaa-lvhi5MtwpTXbxxK8AHiMiH3rI_ASnZQm-X_4Mh2jjD5=
nEubxMU_i4g6hOmRu4qqYejuNNcfJzB3mqEZSk6C5aF9DW7XvnVXkUrZ2phf5mOvtGXQe4XU9zN=
X6sVjDHBCQOZMQy5SgDwn3mFrtMmzQcUcCjB3bZhjsZmtpo4BYg3j1r06CZlYzDDr7JGKdmhU0X=
U3ebtDq4dxzomijRZHRx8bDHkne97jbvhYuFA-KMtreZ5HNTZb-8pF3umCmVi_6SwYX32lWuC0b=
XrknCSY5zybdCr5n9oE6zDClFrt6D6lGs7-ykdYcmbRgSAijcvu514QVIx9Hr-U4BzSVOz3UImW=
P8%253D/1/0100018ab9dbb022-5b90ed86-f490-46f6-bcbe-95324cefef98-000000/L2zx=
sY0ziLMddQF0H5OnIWVmdZqONxXKQIJpSvSiidA=3D319" target=3D"_blank" style=3D"t=
ext-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padd=
ing:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.n=
et/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca563719=
67418192255878e9689713/down-arrow.png" style=3D"height:12px;width:12px;marg=
in: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>Dog=
ecoin</strong></p> <p style=3D"margin:8px 0px;"> =C2=A30.05 </p> <p style=
=3D"margin:0;font-size:12px;"> -0.40% </p> </div> </td> </tr> </tbody> </ta=
ble> </a> </td> <td style=3D"padding-top:20px;"> <a href=3D"https://comm.co=
inbase.com/CL0/https:%2F%2Flinks.coinbase.com%2Fa%2Fclick%3F_t=3D3aca563719=
67418192255878e9689713%26_m=3D12d65500869b4621ba4656dbcd5c521d%26_e=3DBM2ML=
vBngnug31Eaa-lvhi5MtwpTXbxxK8AHiMiH3rI6wH_kMlevdnoXMjznkXv8d2j3XGA1wkC6tCvW=
qFUxRzV9811Pnh_Q4o6cBET5nsMyH3nhSMdSUniyHK-qQXaG9zx2wL221c8MNMwvA8_2Y0PMVD5=
4nlEPRjl5EvkkN7aYU-kmalRtu5DsUo8FaTtlsNe_DtPsID2Lh6PTcTOgVvatcIEwGgK3gNfkzQ=
DfX9zjaxXyURjJYqu7c2RZFDQgO_6rU3CqBb9ec3E5IswVdFEuTd_BoAa0vANBjbl_fBW-Q9ps-=
MKkFJoiEGrS8SWoOqcBJmVjHfmUk7mzDQFo6fh7GwEtEy2MTpQ6plmAHhQ%253D/1/0100018ab=
9dbb022-5b90ed86-f490-46f6-bcbe-95324cefef98-000000/rSlgWmJS0ftl8FhF0285VQa=
saaFyOqhzbo6rr2gEe5s=3D319" target=3D"_blank" style=3D"text-decoration:none=
;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical-alig=
n:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Int=
egrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689=
713/down-arrow.png" style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;=
vertical-align:top;" height=3D"12" width=3D"12"/> </td> <td style=3D"paddin=
g:0;vertical-align:top;"> <div style=3D"text-align:left;margin:0px 0px 0px =
10px;line-height:1;"> <p style=3D"margin:0;"><strong>Cardano</strong></p> <=
p style=3D"margin:8px 0px;"> =C2=A30.20 </p> <p style=3D"margin:0;font-size=
:12px;"> -1.24% </p> </div> </td> </tr> </tbody> </table> </a> </td> <td st=
yle=3D"padding-top:20px;"> <a href=3D"https://comm.coinbase.com/CL0/https:%=
2F%2Flinks.coinbase.com%2Fa%2Fclick%3F_t=3D3aca56371967418192255878e9689713=
%26_m=3D12d65500869b4621ba4656dbcd5c521d%26_e=3DBM2MLvBngnug31Eaa-lvhi5Mtwp=
TXbxxK8AHiMiH3rKeJLShsliL_VTOyu5ZuqjNzUbfSPqKFza_RR2L-KeqIClKym-hjczhVQpsON=
ZE_NE9uN88HB0pMULJ2oxGXnUvIXjecOSVFUrs8wHUYeNsY0SEOAv-PARB6TxKLFBP1RMHKQSeI=
P10bnzPZWnPHGZmz00MbIK3h4cbm--nZoQ1yml4LGglbMfl-V-wdv7Aom4suqwRRK0aLL7juifQ=
yJdCI1ImxejXOysPsL5S1ptkoRGoopsTCpYrDrUX0AdCCsChOIpTR4vxg4N43MblYQ1vOmb24aS=
_73h2oh7FsVZdjBrfsuNzmpOafsluS99StPc%253D/1/0100018ab9dbb022-5b90ed86-f490-=
46f6-bcbe-95324cefef98-000000/tpxrk1-A-rcjH49QMQkIsPEYtJ1hnaR3MF81XLDUR0A=
=3D319" 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/up-arrow.png" st=
yle=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" h=
eight=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;vertical-align:top=
;"> <div style=3D"text-align:left;margin:0px 0px 0px 10px;line-height:1;"> =
<p style=3D"margin:0;"><strong>Solana</strong></p> <p style=3D"margin:8px 0=
px;"> =C2=A315.89 </p> <p style=3D"margin:0;font-size:12px;"> +4.61% </p> <=
/div> </td> </tr> </tbody> </table> </a> </td> </tr> </tbody> </table> </di=
v><p style=3D"margin: 20px 0px 0px; line-height: 1.5; word-break: break-wor=
d; color: rgb(91, 97, 110); font-size: 12px;">Price changes are for the pas=
t week, ending on Sep 21, 2023 at 09:54 PM UTC</p><div class=3D"cta_button"=
 style=3D"margin: 24px 0px 0px; padding: 0px; width: 50%;"><!--[if mso]><ta=
ble 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-tabl=
e-rspace:0pt;"><tr><td style=3D"padding:0;" align=3D"left"> <v:roundrect xm=
lns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=3D"urn:schemas-microsoft-co=
m:office:word" ses:no-track href=3D"https://links.coinbase.com/a/click?_t=
=3D3aca56371967418192255878e9689713&_m=3D12d65500869b4621ba4656dbcd5c521d&_=
e=3DBM2MLvBngnug31Eaa-lvhkFEg3JefGY8UN8LHYGvUOLjZvfrIt06RjmN22Iyho3dV1LmAcd=
5MuYle_Lu6PhK25GEdypYdlya2PE2LVQEKfBuevD5XSySSUJzHzwm9Z-wadBkePk8gAT_BBwk4F=
ZrnYbtRI--UEK9a9ejkS1MBSRcYHeOIj_b2kCqcl7eTAnf8LN4jw9vbVStBBwTFFdtjrMCpcdVn=
jzXIsvWu3rH7Ts4JXMJmlWlO6gzCj5wt2xaIr899GnBx4N0D9cwQv5doroS6ZYZyLkQUmxeAKGP=
DHwm5Kd79ATl73MXwZZX5BJ-" style=3D"width:350pt;v-text-anchor:middle;" arcsi=
ze=3D"17%" stroke=3D"false" fillcolor=3D"#0052ff"> <w:anchorlock/><v:textbo=
x 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/c=
lick?_t=3D3aca56371967418192255878e9689713&_m=3D12d65500869b4621ba4656dbcd5=
c521d&_e=3DBM2MLvBngnug31Eaa-lvhkFEg3JefGY8UN8LHYGvUOLjZvfrIt06RjmN22Iyho3d=
V1LmAcd5MuYle_Lu6PhK25GEdypYdlya2PE2LVQEKfBuevD5XSySSUJzHzwm9Z-wadBkePk8gAT=
_BBwk4FZrnTh8sWO3zen4koEOriDbGtZ8wDjN9Kle6LtDw7uvvxITeC3NjtQTqcHOBvak9qpu6T=
tFlBK_HZ3LkhMabx0DQ9luX7OJsyu3Wjdkis-4IgpDm36Sy8djzUhwkqDl5rT_UHTpEIH2TLhFK=
GfoNIMF42PneDbiBBfkHHn4GFpOh_pQ" target=3D"_blank" rel=3D"noopener noreferr=
er" style=3D"display: block; margin: 0px; line-height: 1.2; font-size: 16px=
; text-decoration: none; color: rgb(255, 255, 255); background-color: rgb(0=
, 82, 255); border-radius: 30px; text-align: center; padding: 18px 0px;"><s=
trong>See the latest prices</strong></a><!--[if mso]></center></v:textbox><=
/v:roundrect></td></tr></table><![endif]--></div><table width=3D"100%" role=
=3D"presentation" style=3D"table-layout: fixed; vertical-align: top; border=
-spacing: 0px; border-collapse: collapse; min-width: 100%; text-size-adjust=
: 100%;"><tbody><tr style=3D"vertical-align: top;"><td valign=3D"top" style=
=3D"word-break: break-word; vertical-align: top; min-width: 100%; text-size=
-adjust: 100%; padding: 48px 0px;"><table border=3D"0" cellpadding=3D"0" ce=
llspacing=3D"0" width=3D"100%" align=3D"center" role=3D"presentation" 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"word-=
break: break-word; vertical-align: top; text-size-adjust: 100%;"><span></sp=
an></td></tr></tbody></table></td></tr></tbody></table><div><table style=3D=
"margin: 0px; padding: 0px;"><tbody><tr><td style=3D"margin: 0px; padding-r=
ight: 11px; vertical-align: middle;"><img src=3D"https://d15k2d11r6t6rl.clo=
udfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3=
aca56371967418192255878e9689713/dot-1.5x.png" width=3D"12" height=3D"12" st=
yle=3D"display: block; width: 12px; height: 12px;"></td><td style=3D"margin=
: 0px; padding: 0px; vertical-align: middle;"><p style=3D"margin: 0px; font=
-size: 16px; letter-spacing: 0.075em;"><strong> MARKET UPDATE </strong></p>=
</td></tr></tbody></table><p style=3D"margin: 5px 0px 0px; font-size: 32px;=
 line-height: 1.26; word-break: break-word;"><strong>BTC climbed slightly i=
n advance of the Federal Reserve=E2=80=99s September interest rate pause</s=
trong></p></div><p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-br=
eak: break-word;">For most of 2023, crypto markets have been in something o=
f a holding pattern, with bitcoin experiencing historically low volatility&=
nbsp;=E2=80=94&nbsp;partly due to the Federal Reserve=E2=80=99s strategy fo=
r battling inflation, which has seen interest rates ramp up to 22-year high=
s.</p><p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break=
-word;">This week, the central bank=E2=80=99s Federal Open Markets Committe=
e held its first meeting since July. Responding to data showing inflation i=
s slowing and growth and job market numbers remain relatively strong,&nbsp;=
the Fed <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563719674181=
92255878e9689713&_m=3D12d65500869b4621ba4656dbcd5c521d&_e=3DBM2MLvBngnug31E=
aa-lvhv6bA1d72w2IVwKx2VBb2vfYXo1HY0MdCnPavXwp0yOj89n1i8Qzua8cTe7SUMcIfnDaQp=
gx6jnkh9SixfhpSKDvombvAYoXf2Q48X6AIutnOda3v1tWs5Z2-b4ZrZfVmciH6QJd4ORxroB1n=
SVS_batwddAgei1xL5wQa8VSZ5smK7fDq7P_t9l8zr2tAS1UujWlmj-mDTR7EF-V0dulFht6t22=
dz7R3cZyGmopbe45Cvo7Y0UEQPzpJqOp-El5o-Lgj4RVQd3qOVVdvHRSqmwTXylbPh4XBfiSB6x=
dXeJ0eCH0yHR0Tc7MfqklJg0KXo4k9HI8b3Intxqaj0cffSOHeic7f7nPdp0E0nTdCMfDkOmqJw=
E73GAEiFvVNxQvfg%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">chose=
 to keep interest rates at their current level</a>. Crypto markets had wide=
ly anticipated the move, with BTC prices ticking upward nearly 4% for the w=
eek, before most of the gains were reversed on Thursday morning.&nbsp;</p><=
p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;"=
><strong>What happened with BTC prices this week?&nbsp;</strong></p><p styl=
e=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;">In th=
e runup to the Fed announcement, markets anticipated little major news woul=
d emerge from the Fed Meeting, although BTC broke the $27,000 mark for the =
first time in a month and notched its first weekly gain in the same period.=
 BTC climbed slightly following the actual announcement before dipping back=
 below $27,000, with analysts noting the widely anticipated news had alread=
y been =E2=80=9Cpriced in.=E2=80=9D The biggest cryptocurrency by market ca=
p also saw its <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371=
967418192255878e9689713&_m=3D12d65500869b4621ba4656dbcd5c521d&_e=3DBM2MLvBn=
gnug31Eaa-lvhkmLuhY5cWAjt7_W4ryWfAOQ2Ga0zngxgXy0YaLhQ1gUg0vbs3C1BjNqF9LUABF=
i5cQIfcaoTn1sTQmqmsSBL5obmZl1yw1OdceQvivkn1GGi4M5LeE0S6bUqv9VNOMiIXOnFPO-d6=
xym-C1FLeO2RQE7A1i_1YZgoch1TqIHarNRjMdohPFrkWHuLHMJHBDqh63l-vAc062aWaFjdfvo=
miGksrdbZ1tF2z5MuPfhoGC8AyV8lIeRN96tobZPsQtkCXu5nuP5jLBcXVeseYK9sGrNKLa2geD=
dzfbIiV-lS3-JutHPY7w3aVaJR5qubzz2DYujWPOX29VacBRtzxGkGUAWN0dE69hp7ZNjzOpXni=
M1VkFllvDCmkpOwTpbYsyAth5e12SGFXklEag93rNpAyqNwVM0CGEMADIK1fgUY-m1IUttsYtak=
jg3Y2n1r7jyw%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">dominance=
</a> =E2=80=94&nbsp;or its percentage of the total crypto market =E2=80=94 =
rise back above 50% for the first time in a month.&nbsp;</p><p style=3D"mar=
gin: 16px 0px 0px; line-height: 1.6; word-break: break-word;"><strong>What =
do </strong><a href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967=
418192255878e9689713&_m=3D12d65500869b4621ba4656dbcd5c521d&_e=3DBM2MLvBngnu=
g31Eaa-lvhkFEg3JefGY8UN8LHYGvUOIx1HM96xsITc3mk1wkAw4glj3-RADPiFz1OagYXdhE3Y=
WnDCWNoWEGtgMda5lpla_M8RvHna35CSQfWEEEzziKth1M_RUrifl6bZVnmpYDkmvQNnzmMzM48=
5XvFH1YicUFmj-WeEnd-CVeVzy97Mb7fqIKto2-rk1wz2l-ZkaoeiELoClAdNN9pKfhd68xNe5U=
8nHCepFVqm3wdsrDxISWmi51epVoYyESfj2xIcq13nNXe2kAETN05kRwmXtQswwX3-CWq25PDeP=
OJ_dK9xQ49aoog7uE2q7L0vOTWZ5o74DPKnV1ZdrtHkEzMfX0ipO3XTj9JSwFfWUVwKN0NNdd" =
target=3D"_blank" rel=3D"noopener noreferrer"><strong>inflation</strong></a=
><strong> and interest rates have to do with crypto prices?&nbsp;</strong><=
/p><p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break-wo=
rd;">This is a complicated topic! But in <a href=3D"https://links.coinbase.=
com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D12d65500869b4621ba46=
56dbcd5c521d&_e=3DBM2MLvBngnug31Eaa-lvhkFEg3JefGY8UN8LHYGvUOL1nkB96lbuquXQz=
PC2YpMpU-Pj3nLKVvMkPFDyiKZbjU6EqBeokL-tDuhmaMcb1oZYCEwMKXnJX4wVabRtX7jf00rS=
Aojw9f3ym1FydRZOGbEnKf0_h4HEYJghlIFGiUgRJ0dviuM6gpaWCDB_U9vn_7GIGi3QxK_LV0e=
bqOBMA1TVqimmPSnzGWEENsif4ffRYoljLde5YRTFxS3vF9M-_r98Aw_eCZcDZoTmf-xFlBeVVc=
QR4Zt9hrK6PJzZXVwetSKxlrPDri9gmWBBrpISroIOMpgXVWUsHVDHa7lfVZ3275ZzR0wOwRtsM=
8FkwS0vmLIjmESXBOvd00CBKSkR" target=3D"_blank" rel=3D"noopener noreferrer">=
very basic terms</a>, rising inflation means that the prices people pay for=
 goods and services go up, and the spending power of the fiat currency they=
 earn goes down. This can lead to higher crypto adoption, as it has in coun=
tries <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192=
255878e9689713&_m=3D12d65500869b4621ba4656dbcd5c521d&_e=3DBM2MLvBngnug31Eaa=
-lvhgq4nhIUMF9QEWC6k__qr9FtvvCypK7u8U6ewlsAgF0RFES1mHM4ht3kBqU-zcyFTZ5FVa8k=
U9gslvUlQIx-nM0Uq78Gp_BXKJHOAEpoLoiR3brQAv1uzh2RGpid86sei2XEw34zMCvUjqXolRS=
8UINfbED2hzbNcus73KbsZZCyqxmn3UZ3YyQG-k5k9wXt1fVuWT5tR0F73YgbHEI9_lw91cO_y0=
Dijm-x2s7mvypx-damdRJ1aMQJjhwJSHMlenASxh5wjho1FLr2OpOQ7Q5CJq8GBOkf1Q0a7gSdh=
oc-XBf4pJwerQmtsyghI1XUGl37CenJWpL09nlanEQbwR_7rBnN3yUK5FdYtIk7Rkxs" target=
=3D"_blank" rel=3D"noopener noreferrer">including Turkey and Argentina</a> =
=E2=80=94 where inflation has severely devalued the local currencies and ma=
de crypto a popular alternative.&nbsp;</p><p style=3D"margin: 16px 0px 0px;=
 line-height: 1.6; word-break: break-word;">In the U.S., where the Federal =
Reserve has responded to rising inflation by gradually increasing interest =
rates to the current 5.25% level, some investors may have chosen to sell ri=
skier assets like tech stocks and crypto in favor of a safer yield on their=
 dollars in some banks=E2=80=99 savings accounts. Conversely, falling inter=
est rates would make borrowing money for individuals and businesses cheaper=
 and could influence some investors to shift back into crypto <a href=3D"ht=
tps://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=
=3D12d65500869b4621ba4656dbcd5c521d&_e=3DBM2MLvBngnug31Eaa-lvhhMMH-5815sxP0=
dYaaX0iFexiOUGSCXGwSPbMPZEMcbcDylCAUD22CWFvdMGMaCcr6sojsNJgx2_KTEbd6yA7_yhV=
0QY_whXYRjKqc4DUrpght3IUMtQ41s9iFIgcpUWdHJ6bEOhoHdQRQNrTzCjUWhRebQhamTZdNnZ=
wxyIIozfgWO3LJHhEpqVQ_kFhQRc7RHxPU8BDZGID7AF81hgE9PesxV32R3oeHS485O8GcDHCUB=
DUZck9J_fQG0DZLH_l2SBf3tmzy5Fr8Wg2vmuPsVqtwtnlZwFOcsol5U7SL1WrX3U2dHC2kUhkG=
Dids1Fj_xedsIEwTUi_N5YMO-EuvlBRO4bikOPKp5HInlCqB5f" target=3D"_blank" rel=
=3D"noopener noreferrer">as they did during the bull market</a> that peaked=
 in late 2021.&nbsp;</p><p style=3D"margin: 16px 0px 0px; line-height: 1.6;=
 word-break: break-word;"><strong>What is the Fed watching for? And when co=
uld rates go down?</strong></p><p style=3D"margin: 16px 0px 0px; line-heigh=
t: 1.6; word-break: break-word;">The Fed=E2=80=99s goal is to bring inflati=
on to 2% without causing a big spike in unemployment =E2=80=94 a scenario w=
idely referred to as a =E2=80=9Csoft landing.=E2=80=9D <a href=3D"https://l=
inks.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D12d655=
00869b4621ba4656dbcd5c521d&_e=3DBM2MLvBngnug31Eaa-lvhmxWYbDF6zY99JzmsDBBErA=
cbadXBFR7Id7VbhdK8-jumQrP6qM9slCZmFOpwGlxm_ZjmOghQpGQqbVyeLx9cm3hIwD70yigEM=
3EX7mNUb47TLRJfrEk2gS6egFuldKWdlNOJOqDB605iUOcscIiVAPZVGbiluUjYcRIHnCYk9URe=
drVk0TJTTV56OhDHBTvzXCwCVrRJmZx98ZmbZN-xf6rX4WF9XdBrpYEnNEDsL7eeAMZ3s_AzUll=
JqlIUTWdfK-AKimSeIBHcJ2r5RlUdbK1NzvZSKv_7oiZb0i2tvUrqp9nJvolUtsbmJDMXL6SqkA=
7muL_mwMtXQrKQh3LISB1G-Uazo5aZV93NI0WEEDuBh14S_Jk5OQ1JAxl5Q9fpwx-sHTryTaZqG=
f5vNuJILc2-x03ICgsFhrJ3PuBCZja" target=3D"_blank" rel=3D"noopener noreferre=
r">According to Reuters</a>, many market watchers anticipate that the centr=
al bank could increase rates one more time this year: =E2=80=9CShould it oc=
cur, that next rate increase may indeed be the last of a tightening cycle t=
hat began in March 2022, but projections for next year and beyond will indi=
cate how long the period of high interest rates is expected to be, how fast=
 inflation returns to target, and how much the economy slows and unemployme=
nt rises along the way.=E2=80=9D&nbsp;</p><p style=3D"margin: 16px 0px 0px;=
 line-height: 1.6; word-break: break-word;"><strong>The bottom line=E2=80=
=A6</strong></p><p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-br=
eak: break-word;">The Fed has been pretty consistent in telegraphing its ne=
xt moves, which has meant that interest-rate announcements have tended to h=
ave fairly muted impacts on markets this year. But statements from Fed chai=
r Jerome Powell always have the potential to move markets, which is why all=
 eyes were on the central bank this week =E2=80=94 and will be again at the=
 next meeting at the end of October. As a CoinShares analyst <a href=3D"htt=
ps://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D=
12d65500869b4621ba4656dbcd5c521d&_e=3DBM2MLvBngnug31Eaa-lvhpsHRfFvcb6Zu8yKN=
dTiHFb5ke6p1cb3nhk3Auw0IZNExvUmXr9vwJlU-mb1ZIqhs6zJrqMsO2qT0sVq0eR6EBuSm5S3=
UXG0m6s8rwNuTPTf3D0t7ELaH4os9JoecD8LMwFnbGdQN7o_Sz2hZ2bleAUqcDMO_4x1sqPGt8N=
IclHJpdLhOODCdr-Qs_zg6qR6iH3lp2GoMFRQXSfKMIbgzVgdb6Qf7sfcw-G0Vu63V0M6hg92iL=
lNWHUtNmphLDBM8SHRjQX81jz0u8ID-miDEuZE9An0wuXfds3bLThn5gJaEhvAkY6TyojDbrv-K=
WaDqgr3EqjEnpLx88Q43_3DEDeKAOWK-sKRrJHRMyPqZftyCsKA-S_68_HFa-qEsSgtdQ%3D%3D=
" target=3D"_blank" rel=3D"noopener noreferrer">told Blockworks</a>: =E2=80=
=9CIf the Fed is seen to express more dovish rhetoric, then bitcoin prices =
could rally. Conversely, overly hawkish comments are likely to weigh on pri=
ces.=E2=80=9D&nbsp;</p><div class=3D"cta_button" style=3D"margin: 24px 0px =
0px; padding: 0px; width: 50%;"><!--[if mso]><table width=3D"100%" cellpadd=
ing=3D"0" cellspacing=3D"0" border=3D"0" style=3D"border-spacing:0;border-c=
ollapse:collapse;mso-table-lspace:0pt;mso-table-rspace:0pt;"><tr><td style=
=3D"padding:0;" align=3D"left"> <v:roundrect xmlns:v=3D"urn:schemas-microso=
ft-com:vml" xmlns:w=3D"urn:schemas-microsoft-com:office:word" ses:no-track =
href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e96=
89713&_m=3D12d65500869b4621ba4656dbcd5c521d&_e=3DBM2MLvBngnug31Eaa-lvhkFEg3=
JefGY8UN8LHYGvUOIx1HM96xsITc3mk1wkAw4gvoedLJZQh42duwKfg_dtrUHeYtisfeJIPxhnW=
cEgD_7sh-L12ukcqljJhjzvIwmor2XBjdGgg0Fz7OwkaXdi4FWFlRrEdSD9p_lf-yEk1NibWa9N=
GnU-HRXIJ7fv3DHLU-h6Lz3juBrUVcb3Uk6qCUqbXJ0qCWvp8A_Wr9JQpIINe7KOQsy3lBfUqYY=
w0io3eZVMU0BYEmhZ-GNqXRW-t8xBAynsgG3rOMjFFksoChK3wHXl5KHx_EoZdCLYW2bhHg70v4=
lKjvMtpBId4bsD0lG0u7q0Vucw0fsiKiu5CuTRde3T3iqOrhlsrZCBxQ9Z" 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=3D3aca56371967418192255878e968971=
3&_m=3D12d65500869b4621ba4656dbcd5c521d&_e=3DBM2MLvBngnug31Eaa-lvhkFEg3JefG=
Y8UN8LHYGvUOIx1HM96xsITc3mk1wkAw4gvoedLJZQh42duwKfg_dtrUHeYtisfeJIPxhnWcEgD=
_7sh-L12ukcqljJhjzvIwmor2XBjdGgg0Fz7OwkaXdi4FWFlRrEdSD9p_lf-yEk1NibWa9NGnU-=
HRXIJ7fv3DHLOVm0BbpjmFD2Lho9IK64sxgBUtg7Trs5WXRJOZYcNDckSxgdU7M6xSg0Aj1IyyM=
Xc2bSX_BBF79fZMXdmRtbyd2sI3UlDM3wf8iDVn5BGdUe5bxTT32qaNCUIvJvopcOc6hnm0141-=
C7yg_r1UuMWH7jugznQm6cKblKOmnNBsyDC0SicGnPmWrCo-4hKZZi" target=3D"_blank" r=
el=3D"noopener noreferrer" style=3D"display: block; margin: 0px; line-heigh=
t: 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>Learn BTC basics</strong></a><!--[if mso]></ce=
nter></v:textbox></v:roundrect></td></tr></table><![endif]--></div><a href=
=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e968971=
3&_m=3D12d65500869b4621ba4656dbcd5c521d&_e=3DBM2MLvBngnug31Eaa-lvhkFEg3JefG=
Y8UN8LHYGvUOIfjwWvcVlLQspKbiNxjMco35aycM4_46s1dm-_LY4xhxfXnj-_MudFJtADgf1sc=
ayAnD9LouKOeFrw8fjvlkjxtSTlreqeqwQjwDoJYVs0FzyoHQvFAphyhc19Scn2d0Ap9VPcYaNw=
M5bmKjPaETbu7Op6zaTKc0Z7UnubsI9VzDDmT40c_K0Vi4fOWIdVne-hIumYqhoRwbHQIsePB6d=
rpvQ1chGpzi_Q1nQPton-gyqw72aAMHABWmfGrXeUlEM7r44QJbE4PTu-rzsd8eU85cTosR71vC=
1WSVrlOmz9UA%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer"><!--[if !=
mso]><!-- --><div class=3D"desktop_hide" style=3D"display: none; max-height=
: 0px; overflow: hidden;"><img src=3D"https://images.ctfassets.net/q5ulk4bp=
65r7/4SMgNFv6uD1SBBmXQ4ubhW/9a5651782a0eb04408f478a8a5645089/coinbase_getpa=
idtolearn_bytes_650x488px.jpg" width=3D"100%" style=3D"display: block; widt=
h: 100%; margin: 64px 0px;"></div><!--<![endif]--><div class=3D"mobile_hide=
"><img src=3D"https://images.ctfassets.net/q5ulk4bp65r7/4TOHHt4CjhC3DiUK3Ud=
mYs/e216c453cd8f2522b5e633c3d2f4722d/coinbase_getpaidtolearn_bytes_1060x408=
px.jpg" width=3D"100%" style=3D"display: block; width: 100%; margin: 64px 0=
px;"></div></a><div><table style=3D"margin: 0px; padding: 0px;"><tbody><tr>=
<td style=3D"margin: 0px; padding-right: 11px; vertical-align: middle;"><im=
g src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669=
d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/dot-1.5x=
.png" width=3D"12" height=3D"12" style=3D"display: block; width: 12px; heig=
ht: 12px;"></td><td style=3D"margin: 0px; padding: 0px; vertical-align: mid=
dle;"><p style=3D"margin: 0px; font-size: 16px; letter-spacing: 0.075em;"><=
strong> WHALE STREET </strong></p></td></tr></tbody></table><p style=3D"mar=
gin: 5px 0px 0px; font-size: 32px; line-height: 1.26; word-break: break-wor=
d;"><strong>Inside Wall Street=E2=80=99s latest crypto moves, from Citi=E2=
=80=99s blockchain payments plan to new venture fundraises </strong></p></d=
iv><p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break-wo=
rd;">Ever since June, when a wave of Wall Street=E2=80=99s biggest names <a=
 href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9=
689713&_m=3D12d65500869b4621ba4656dbcd5c521d&_e=3DBM2MLvBngnug31Eaa-lvhkFEg=
3JefGY8UN8LHYGvUOLVqKVc0c9m6H59Ao7U_aOHlr1zyhr13bqYftQo2kgd_fwnvZRxkt0FmGBB=
SmwZ5L4Bfx-MqRwxVepGW17OER9Y4uDl1DVZ36kq2N_gQsttp29ZdjGq-RggUvVgEwVO9OotHcW=
K6SaMVKO6U2udUFLT-JYiVZuDQDPKIRTE7QVj5-d-4HvwABgxp29CU9Q88PmCYqyTofW5Zkucr6=
EbUQLnTNnd0UhZSpa_CPPBadohmIgJIDX3ODLeSjnaJ2wn_FaiF7T48jIF3mSLJZ3dXtC0Ux1RV=
akxtxlXU8A5ss8Gsqf-aZunE_p6shebjvNOwVcXfynaBfFzAcWyoVBXT99_4SG1H5YkWt7cQe-u=
2uprHw%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">applied</a> for=
 spot bitcoin ETFs, many of the world=E2=80=99s biggest banks and investmen=
t firms have continued to invest in new blockchain and crypto-related servi=
ces. This week Citigroup and Japanese investment giant Nomura are among the=
 major players making moves. Let's take a closer look:</p><p style=3D"margi=
n: 16px 0px 0px; line-height: 1.6; word-break: break-word;"><strong>Citigro=
up is launching instantaneous blockchain payments&nbsp;</strong></p><p styl=
e=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;">Citi =
Token Services, a new product from the third-biggest U.S. bank, allows inst=
itutional clients to <a href=3D"https://links.coinbase.com/u/click?_t=3D3ac=
a56371967418192255878e9689713&_m=3D12d65500869b4621ba4656dbcd5c521d&_e=3DBM=
2MLvBngnug31Eaa-lvhhQ3GRqtPW55HtgBmzIUIN0WPOoz9C1_NfnYrbsX1SQ5kmWxCCBjy1HQj=
jDls9fppErT3jS2ujc3zEVuORftUKaYtC-VXZEMVnLCLRFVd78-_L4zrPGfGNZljmfKpBPQXKXN=
qVh1fdBgnc-lpV8R72XdKeWXrEY_YapzgzWSdkCcUM_JV2DfpceZhgzr6wdDlKkdzPR_iqF7CKg=
yQYYbZBC-YAxmReItPIDRt1M_IbagxVhcxp3v19yeVbvqA1WyxODp1bq1fKH3I69EeHShcFkMM4=
miIrhGYIVsP76AxyYhPYWOk9ePrMTH5MAO39n1g6C70TUA1oXadDIMNswBtNr0HPEKaOL-Obogl=
kS5g0Zw4W621xSv8TNs2sS1DI9bur4ilJfGsR_1-BteAq28cMllsoAdGlXhLczklzMyPAOiHUgA=
4bVennNvj4JsnnNUx9Yk378hf-xV7x7wliwSVC7AttBanJapJflfxJvZ38x6" target=3D"_bl=
ank" rel=3D"noopener noreferrer">convert their deposits into digital tokens=
</a> that can be sent anywhere in the world =E2=80=94&nbsp;and because they=
=E2=80=99re processed via blockchain, the transfers settle instantaneously.=
&nbsp;</p><p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: b=
reak-word;">Citi=E2=80=99s pilot for the program, which focused on the ship=
ping industry, found that the use of digital tokens and smart contracts <a =
href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e96=
89713&_m=3D12d65500869b4621ba4656dbcd5c521d&_e=3DBM2MLvBngnug31Eaa-lvhuJp6S=
NhEHxe4DJcle-GI9-vha2QMJqaqE-5PLS2HwfFxV8Y56N75wf0QjTKaqeOPBYD94l913cgTymmo=
nsGR6PmKf7SeJzP5KmNJX_PyQiWLxTGdJTFpQHiqkPXVPuPe2FhNvjf9W0gd2JJOBNqGv1xFKeq=
azmTJYZKzIqEBk18KrzSWlkoLx1aUqxEGXcMdo0LVUVJSURmdb18btnqD5UKs38NPyP2W-vmJT0=
_6cepCyIeQhU4S99WeyFAzN73YEXsBUpHrVjHmsJhF7Rrtq24libXShIPR2_Y-q3bZTXgL2bOUU=
wEfUjNOPmYqc0BKA9HmgQhUSmwkQE6QCgxmKlf0b4tipkBiSf95TBaJeJ3xZc6hKyZrYkdw_0F3=
TNgoW8xQyL2weJ2mjRDuw0aSQA%3D" target=3D"_blank" rel=3D"noopener noreferrer=
">could significantly reduce payment-processing times</a> for an industry t=
hat=E2=80=99s heavily reliant on letters of credit from banks, which can ta=
ke days to process. Instead, shipping companies could use smart contracts t=
hat would automatically transfer funds once the conditions of a transaction=
 have been met.&nbsp;</p><p style=3D"margin: 16px 0px 0px; line-height: 1.6=
; word-break: break-word;">Citi <a href=3D"https://links.coinbase.com/u/cli=
ck?_t=3D3aca56371967418192255878e9689713&_m=3D12d65500869b4621ba4656dbcd5c5=
21d&_e=3DBM2MLvBngnug31Eaa-lvhkWPlCTZUKKjwyyjzxwGpCF1RK3JkY_rAdTF8oRv-wD2Oa=
SJPEMBJxn63r7z78IraCp8rGy92m_VP_TwbixbG572Wu3_fuzoGei6Li5eUHKf-qbJddCd3GYcA=
PZUOEvCN_KqqiGedfwBEr9z5iuXw0vYYq3oab8ehbjzppbjTt6TNvW8IwVtoWBma7NxzpIQzwgU=
hnV2v5_LLZlgnBTBkUToF4Ot0cxWA4rBysGWVyqqUT95D2ZJJy08ZgUI8GVoazP0oovQXXy-2TH=
Gp26d99g51EUZeri4befPlXoNpviAaGNY8fzFOELS7lgW4teh6RGhoHpmxC5W_75_pz2w-hZMp9=
-xgLHc7SGSEOpZUV70Ezv2yqMIrREotQ0xl6bPdQ%3D%3D" target=3D"_blank" rel=3D"no=
opener noreferrer">predicts</a> the tokenization of real-world assets will =
bring trillions in value to blockchains within 10 years.&nbsp;</p><p style=
=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;"><stron=
g>Japanese finance giant Nomura is launching a =E2=80=9CBitcoin Adoption Fu=
nd=E2=80=9D</strong></p><p style=3D"margin: 16px 0px 0px; line-height: 1.6;=
 word-break: break-word;">Via a subsidiary called Laser, Japanese investmen=
t bank Nomura (which has $500 billion under management) <a href=3D"https://=
links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D12d65=
500869b4621ba4656dbcd5c521d&_e=3DBM2MLvBngnug31Eaa-lvhtxL1OkNCPA1La1JbeYDim=
m90bTCkounls7KCkWydl3cN_bn6wAUsHQ5rOWovdZYZpnsquLyKkrCDZTVDen8UXBOxSkHunE6-=
lQXTmPAoT_9_uh4HfED0jk6vWCYAeHH4xVJavlaZg_7npGNRPuEVOCRQ5iVfTFDbNfpMTMXZkhI=
eQ-yObCkJ0CHWraIXglGtPBm0NDykDVfPjYo3vJEijEMnbg5Yzw_cwY7P2dZy1YMFptga0nzNgq=
ecoSDP64_oSsiKbDPawZdLFTTUqQdDJ2g86l90KGIm1gqPLIR5hd-iMjchc35FZ71lM5_0yXn2y=
ZMqnntoEpeJHy9jPONYmm4nmla8X9PgmMDDengy2dQ5C-XqJOq9-LgtZMVFgLcvyKFmKhjChAQN=
i-aqLrAchR9dhgr4apitrq-8BibPCwm" target=3D"_blank" rel=3D"noopener noreferr=
er">is launching the Bitcoin Adoption Fund</a>,&nbsp;the first in a new ran=
ge of digital-asset investment products aimed at institutional clients. The=
 Bitcoin Adoption Fund will rely on Komainu =E2=80=94&nbsp;a crypto-custody=
 firm formed by Nomura, Ledger, and CoinShares&nbsp;=E2=80=94 to hold clien=
ts=E2=80=99 assets.&nbsp;</p><p style=3D"margin: 16px 0px 0px; line-height:=
 1.6; word-break: break-word;">The fund offers only =E2=80=9Clong=E2=80=9D =
exposure to BTC, meaning that investors won=E2=80=99t be able to bet agains=
t BTC through the fund. Sebastien Guglietta, head of Laser Digital Asset Ma=
nagement, called bitcoin =E2=80=9Cone of the enablers of this long-lasting =
transformational change,=E2=80=9D and said that =E2=80=9Clong-term exposure=
 to bitcoin offers a solution to investors to capture this macro trend."</p=
><p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break-word=
;"><strong>Crypto-focused VC firm Blockchain Capital raised a record $580 m=
illion</strong></p><p style=3D"margin: 16px 0px 0px; line-height: 1.6; word=
-break: break-word;">Blockchain Capital <a href=3D"https://links.coinbase.c=
om/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D12d65500869b4621ba465=
6dbcd5c521d&_e=3DBM2MLvBngnug31Eaa-lvhhQ3GRqtPW55HtgBmzIUIN0WPOoz9C1_NfnYrb=
sX1SQ5eWOyWvDj84n45h--dw7lAyNd7H6FmeyfQ5cCU-csiohV4KmPoZK_cMw4KvoOC-jHtuAp_=
oPIlEC1cFNAyFUCT-fwAuxM2Yp17dagw_iAVg6QrcrEsggOR3jWHh6TtZddx6yBWPS0B8tXf8Cd=
opky2CiQvLoUeJ_k17BOYxgVmQDwPcuxjwhsmHwFK3T_gwLAxUlndV-58f-arsDMJf273JzOdkX=
j8ccMrENzKY9pHiHXnzINEdpzA5JY6QNHhR54tir_CifbQt88GjtDb60PX0gGEzg4RP8vlP8l3M=
0Pw7KG3K8ayFgezA2tmFXpUlr_0IUc73Zhm-mmc28P5WpB8OKkZhu4bszxQBzCOsL2rAqS4tcoB=
jRfuqw9RX2n0lxcLlZ30tnn4zGumJvc0owvVaAFzJUZurnKKFV0YZtB_pvviETNsvjzye0VLBDb=
PQi1" target=3D"_blank" rel=3D"noopener noreferrer">has raised nearly $600 =
million</a> across two new funds that will focus on decentralized finance, =
gaming, and crypto infrastructure. Investors in the funds include Visa, Pay=
Pal, and the Teacher Retirement System of Texas. The new funding round, whi=
ch is the largest in Blockchain Capital=E2=80=99s 10-year history, adds to =
the firm=E2=80=99s existing $2 billion in assets under management.&nbsp;</p=
><p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break-word=
;"><strong>What=E2=80=99s next?</strong></p><p style=3D"margin: 16px 0px 0p=
x; line-height: 1.6; word-break: break-word;">The <i>really</i> big Wall St=
reet news crypto markets have been waiting for is the SEC=E2=80=99s respons=
e to <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca563719674181922=
55878e9689713&_m=3D12d65500869b4621ba4656dbcd5c521d&_e=3DBM2MLvBngnug31Eaa-=
lvhkFEg3JefGY8UN8LHYGvUOLVqKVc0c9m6H59Ao7U_aOHaV2us2Dcvm-Jx1SbVsZ4BCgmaWoRU=
GYy1RWVgoeAzIbloI4Pt8OfzMfe6BU-cBP99zwe95qgh_xMs5mtnQamDMMjp4gZxK-ejP-fqrEZ=
CrfXodQpd77WMl2SV7yuyiNpkiPncZkT4uhkHZmFU712w0kth2P9bD5kPGAxHhreX0W-3hSALWA=
zp08UOfk-rd_FSxhmDVdwDSRmAGu5-9JccrqnIGKRkkIGX7FQ6VPYSEHsdm0U3vJqqgsEOou_Zp=
tS01LYpH37kucx11CPDjpYjC3t7UVMPlPNeD-qVDUUwzhLdOIE7vzLxE2tv5lgGAtB" target=
=3D"_blank" rel=3D"noopener noreferrer">a wave of =E2=80=9Cspot=E2=80=9D bi=
tcoin ETF applications</a> from earlier this summer =E2=80=94&nbsp;includin=
g one from the world=E2=80=99s biggest asset manager, BlackRock. At least t=
en major firms are pursuing such products, which would buy BTC and sell sha=
res via conventional brokerages. Bitcoin prices spiked in June when the app=
lications were announced, and again last month when a federal court sided w=
ith crypto-asset manager Grayscale in a related case. Meanwhile, <a href=3D=
"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_=
m=3D12d65500869b4621ba4656dbcd5c521d&_e=3DBM2MLvBngnug31Eaa-lvhr2-MBfZA9C_F=
poh3-_xtZvtRZC1kgo6KqywuRKDXe4cIs9tmuAJZ4Qyl-isDlCXBBAgPkwxE7pkPCTVIaSUIKTR=
GSj9AlSAT0w5IV5Yu1HQUCR5q0yu-9416Pm7HzEJGoT7viNqWwnbzYOukONuxTqz3F9tLXwJjva=
oKU33CWxjSAub357MsHKSNNUi3OjfcPtw3BDgYYdAh-bSAUtJY6dKsrH3MFi7Ar0UMmgNeJPRif=
Oy6AOo9XEb1Q_5w-1xlCTh2Czb_sA-VwGHaYH8AHTDd8sW58r5aD7FCukKhQujTnpoz9i9IcT4T=
tUBzkcV5eJk6rtMDPNzzVCUbs1jjBcCB2SmCIHprDPk73oqEMGPO7BZGDHpEmjvIglkZDksRg%3=
D%3D" target=3D"_blank" rel=3D"noopener noreferrer">the first European spot=
 BTC ETF</a> began trading in Amsterdam this week.</p><p style=3D"margin: 1=
6px 0px 0px; line-height: 1.6; word-break: break-word;"></p><div class=3D"c=
ta_button" style=3D"margin: 24px 0px 0px; padding: 0px; width: 50%;"><!--[i=
f 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:roun=
drect xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=3D"urn:schemas-micr=
osoft-com:office:word" ses:no-track href=3D"https://links.coinbase.com/a/cl=
ick?_t=3D3aca56371967418192255878e9689713&_m=3D12d65500869b4621ba4656dbcd5c=
521d&_e=3DBM2MLvBngnug31Eaa-lvhkFEg3JefGY8UN8LHYGvUOIx1HM96xsITc3mk1wkAw4gY=
hRUhLrCayz9ihnr3raD3xiD6N4Ufs1QGgCHH_iPlvn7FMClQ-wfmiRsmVkS6PwTMReHnn01E5Qo=
qBa-XYjnUo1CMtben4hWNDG4XHjvahNa2zi8oKdI1tb2rVtn5lf6ataxqrtE2cNkm4AIkuOjTzP=
KisZbjthe7dhBFddsG3vmT1X5a2H11d5cv1M66geVE9f-JKWnvDktZhT14tnWhRAj08KgWBqRDb=
EzFZWDhXSDE2qGZ95BTXnCZSnL7VQVgA3SMbVpc7JMxQyrNLYBznHwDPg2JsvoYDZQNHfz4H3e2=
3xCHGbZR8vkP7oG6iRd" style=3D"width:350pt;v-text-anchor:middle;" arcsize=3D=
"17%" stroke=3D"false" fillcolor=3D"#0052ff"> <w:anchorlock/><v:textbox ins=
et=3D"0,0,0,0"><center style=3D"font-family: Helvetica Neue, Helvetica, Ari=
al, sans-serif;"><![endif]--><a href=3D"https://links.coinbase.com/a/click?=
_t=3D3aca56371967418192255878e9689713&_m=3D12d65500869b4621ba4656dbcd5c521d=
&_e=3DBM2MLvBngnug31Eaa-lvhkFEg3JefGY8UN8LHYGvUOIx1HM96xsITc3mk1wkAw4gYhRUh=
LrCayz9ihnr3raD3xiD6N4Ufs1QGgCHH_iPlvn7FMClQ-wfmiRsmVkS6PwTMReHnn01E5QoqBa-=
XYjnUo1CMtben4hWNDG4XHjvahNa2zi8oKdI1tb2rVtn5lf6DFv_nDu3nLR64ckDA4w3OdD8UKO=
r71AK-yCc-4GFoaHQkK5kaGV4MyqRSq9HsZBfrLtKjDngp_LwSMd6swFe10Egm9R8vDVwN4hCC2=
sRZ4OobMpUWfkUInJEeVuPxVzPIwgRbX-DFccS1mxUsMGVpP_HBKXWgSb4p1vl4Jn5athXz53HY=
guyEQxGv8_zFAPE" target=3D"_blank" rel=3D"noopener noreferrer" style=3D"dis=
play: block; margin: 0px; line-height: 1.2; font-size: 16px; text-decoratio=
n: none; color: rgb(255, 255, 255); background-color: rgb(0, 82, 255); bord=
er-radius: 30px; text-align: center; padding: 18px 0px;"><strong>Learn abou=
t ETFs</strong></a><!--[if mso]></center></v:textbox></v:roundrect></td></t=
r></table><![endif]--></div><table width=3D"100%" role=3D"presentation" sty=
le=3D"table-layout: fixed; vertical-align: top; border-spacing: 0px; border=
-collapse: collapse; min-width: 100%; text-size-adjust: 100%;"><tbody><tr s=
tyle=3D"vertical-align: top;"><td valign=3D"top" style=3D"word-break: break=
-word; vertical-align: top; min-width: 100%; text-size-adjust: 100%; paddin=
g: 48px 0px;"><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=
=3D"100%" align=3D"center" role=3D"presentation" style=3D"table-layout: fix=
ed; vertical-align: top; border-spacing: 0px; border-collapse: collapse; bo=
rder-top: 2px solid rgb(222, 224, 226); width: 100%;"><tbody><tr style=3D"v=
ertical-align: top;"><td valign=3D"top" style=3D"word-break: break-word; ve=
rtical-align: top; text-size-adjust: 100%;"><span></span></td></tr></tbody>=
</table></td></tr></tbody></table><div style=3D"margin-bottom: 16px;"><tabl=
e style=3D"margin: 0px; padding: 0px;"><tbody><tr><td style=3D"margin: 0px;=
 padding-right: 11px; vertical-align: middle;"><img src=3D"https://d15k2d11=
r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542=
cff6dd6a/3aca56371967418192255878e9689713/dot-1.5x.png" width=3D"12" height=
=3D"12" style=3D"display: block; width: 12px; height: 12px;"></td><td style=
=3D"margin: 0px; padding: 0px; vertical-align: middle;"><p style=3D"margin:=
 0px; font-size: 16px; letter-spacing: 0.075em;"><strong> NUMBERS TO KNOW <=
/strong></p></td></tr></tbody></table></div><p style=3D"margin: 16px 0px 0p=
x; font-size: 32px;"><strong>$269 billion</strong></p><p style=3D"margin: 4=
px 0px 0px; line-height: 1.6; word-break: break-word;">Total volume of Indi=
a=E2=80=99s crypto market from July 2022 to June 2023, making it the second=
-largest crypto market in the world, behind only the United States. Accordi=
ng to a new <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967=
418192255878e9689713&_m=3D12d65500869b4621ba4656dbcd5c521d&_e=3DBM2MLvBngnu=
g31Eaa-lvhi2I79KNzV825Ey4Ym9WkRhjCwhvQONWC12YxStNYgy8GySTBJTw9uMLi_-M5sBBPI=
PIYJ3LGR7h0aa2lynz8vppuVJvfTa6t1FUNCnXH2SkgONbj-fuderYE6QQj5YhgxVtm-Ns6lMJh=
pCyiU32Eh-YjWN5XQFXmeKg2cp8z2XrviFpC5y7IG06XIBKJ7V40GKMBdNdSmcgaI3yN8vDuWRY=
OOVn7ULT7k_9UVISLhd3tlA9eGp4_E7NvymYOslhIjFKEyqeV4tvXWJ8GJWSWCqjsnD4HVcjn3j=
I83iichrXC24JI_bGjX8Mk0hMfGsC3nnejzqvJWaA4P4dOf71ml7trjG3YvOVQLxi2t_71q2djk=
T20phBqKYjP2ebHb3quw%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">g=
lobal adoption report</a> from on-chain research firm Chainalysis, India =
=E2=80=9Cleads the world in grassroots adoption,=E2=80=9D despite its <a hr=
ef=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689=
713&_m=3D12d65500869b4621ba4656dbcd5c521d&_e=3DBM2MLvBngnug31Eaa-lvhkXdhkth=
ymp4zuNUDTZ54JYDoHgJVVNpltNieL3TGqgXcW-_CjSMvDAWCZpV9g63bjdFLr8A5Ihb-pyd3-4=
wFBSK35BgulKrSLDZCboXY2DTcIYxtiG_SW6d-SVMo9rpSaf7ehYsfQgniie0FiD8lIYhMTzzCe=
QW8BmOAWfkSZsioRWQ9aWOpnWFtK0r08C69pPerKmq29QawuKBPylHrm7ElROyn36QATm6geAz-=
ASXnPg0bwTKNwsy520jdvNsHYXahpkcmoMCskdI1TvnIEkQQ5f5vwVNGF_beADBHByYqp-WX1Mv=
0JmQYlDfe3a8le4iTT4wo99lFfd7_N5py0Pp0WHSPk6QqIjF24eTZ3f9naNRKKLjuTtESRx0muy=
GncmWPJZGgR6ZCjERSSVjxA9QpQx4_xmwzpLlL10smpAVKX6IiACJQGLp-ftuYOWdt39oF5ka44=
8Kq0pJyDihBGzIHk4vNGnIIkbhYIYjh9bNo6VDttWzjA0gWinQKxcyZANyMCmWnhC9r6NjlgLuK=
eMJwHoOowhLNmZIU3oxwjJaD3TLAR6wZPXDKQ8tK16_BQ%3D%3D" target=3D"_blank" rel=
=3D"noopener noreferrer">30% tax</a> on crypto gains.</p><p style=3D"margin=
: 16px 0px 0px; font-size: 32px;"><strong>52 million</strong></p><p style=
=3D"margin: 4px 0px 0px; line-height: 1.6; word-break: break-word;">Number =
of Americans who own crypto, according to <a href=3D"https://links.coinbase=
.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D12d65500869b4621ba4=
656dbcd5c521d&_e=3DBM2MLvBngnug31Eaa-lvhkFEg3JefGY8UN8LHYGvUOJCzpQ_CHjUkbv-=
W927Rw9X86vizmajhNf8DOXKq10dpzoOsR07zK5Ln7aVGFZTcoIFtwXtfdkb7iTGZ-EKZhUFn-y=
icN8SFmAIrpLhaUTRttlXOm-gfxpOE-hXDJOC-3-oIyLxtuI14lf26Ug7zznNCPtmS85qQwILv1=
Me2GHIEK6Gu2LsdMD_jAMULU8zKp8K7YeVXbjABppRf-e16xzh_rzUvXAG23yRU-NfdLgC5TRyC=
uLoVbRXmIfqCn1ZGW7SyiJC19mdylkEgAgXk9O5MBD4LHojOG6TctQosC_tjbGknvufmE0UTP3r=
NO30oWqhPCEdOfP20aeAxRmte8b7Pymy18Am2OM_vgtfI9lg5bNFXyNm3-g8EtQv4CCs0FE%3D"=
 target=3D"_blank" rel=3D"noopener noreferrer">research</a> by Coinbase. Th=
at's about one in five adults in the United States, or roughly 2 times grea=
ter than the number of American families who directly hold stock, per the F=
ederal Reserve=E2=80=99s latest <a href=3D"https://links.coinbase.com/u/cli=
ck?_t=3D3aca56371967418192255878e9689713&_m=3D12d65500869b4621ba4656dbcd5c5=
21d&_e=3DBM2MLvBngnug31Eaa-lvho3fG4yifgbrBw-qj51ikRqkdyRr69tfWzqaQq-GThATBC=
cbUuxMHBq-giMTWI7fDXUCdeYi6CaF1GconaWwfe1vlFu2B-kyYXGbw1l6hhYkAmeiwXN0d-uY5=
aeP3fZuXklMIh3zmBvWTwrN06lySfsPy68su3AI-4E99eDFjjja_kPyAuv1sphtZ-mrZbhX5DNW=
rpm6iJXwqbMfs_Ucn4Jpl5BifZzq87EqQrs0oH7lpqwDj15gjEIqm6_-2fkHQvoK5hO15MbFktR=
yQDwMwFIO7H-OvNSeXwrlpSlgpPjAa-CCGAn9Wn1agEmotchuc8wtGKdbdp7J-nJ03Dm3GjsFvB=
mIndO6wlCBozwFwJpgouStQxEjdFrLGJeJWmw8ek6GOKGjbEizBbv2MxO2YXF60DIxcyETBIKut=
N2j8EQs8ZlDcyTWsKZNAxxfQu45qA%3D%3D" target=3D"_blank" rel=3D"noopener nore=
ferrer">survey</a>. This week, Coinbase announced <a href=3D"https://links.=
coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D12d65500869=
b4621ba4656dbcd5c521d&_e=3DBM2MLvBngnug31Eaa-lvhkFEg3JefGY8UN8LHYGvUOJCzpQ_=
CHjUkbv-W927Rw9X86vizmajhNf8DOXKq10dpzoOsR07zK5Ln7aVGFZTcoIFtwXtfdkb7iTGZ-E=
KZhUFn-yicN8SFmAIrpLhaUTRttlXOm-gfxpOE-hXDJOC-3-oIyLxtuI14lf26Ug7zznNCPtmS8=
5qQwILv1Me2GHIEK6Gu2LsdMD_jAMULU8zKp-sNPqiPzF38o4KpxNuHAysg1lpBjaSz2LKg4TVx=
XgjeAk1zzFJGLncwTy60fIaMggmd-weQ7p0sZUuGOqsrKtAKA2d-RqNx_nn4ipKYFgpaWfyu_wo=
64Af4mXGqixZUD3uxMyqu46O80DFt4TWo5ilQBqjYWhkNA1WRpq2dAnU_TWNwy_cQMyKS0mKlmj=
CpeU%3D" target=3D"_blank" rel=3D"noopener noreferrer">efforts</a> to help =
mobilize crypto advocates ahead of the 2024 election by <a href=3D"https://=
links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D12d65=
500869b4621ba4656dbcd5c521d&_e=3DBM2MLvBngnug31Eaa-lvhj3oSruHlg6gWb2W_Kbkbr=
2EryWCqOyegknQSjl3ZARYkpWZGZTuZBjASRc7r-H-SagvMHGccOVZ4RlC3Gxzler-oNIxq2AEP=
xW4dZe7ZgPQLhSiVTpPllra9CDDz5DTNT36QHmA4n18l5mz1fXjc9dNeW_-_a8Ctdo67Q5Ch1nk=
kXLwoKBh2qf9cIZbLoHhO8hD9ubA_NQXJIlRReBWvNRS3iphy7JrDC_80quk42zN6g6KyBNs8d1=
XUz_eFKXqiZMMgIjngBqScsYvH3Bfj61agQSEj_-pWIWILEx4PrnDwgP31atXULYk_MvF3ktAQI=
BvpZ1L7hrRYh7z0JhQgAQvljthQJ4ku63vVskm41cw" target=3D"_blank" rel=3D"noopen=
er noreferrer">making it simple to call</a> their elected representatives.<=
/p><p style=3D"margin: 16px 0px 0px; font-size: 32px;"><strong>3</strong></=
p><p style=3D"margin: 4px 0px 0px; line-height: 1.6; word-break: break-word=
;">Number of central banks that are testing a <a href=3D"https://links.coin=
base.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D12d65500869b462=
1ba4656dbcd5c521d&_e=3DBM2MLvBngnug31Eaa-lvhkFEg3JefGY8UN8LHYGvUOK4n7pMKwN_=
zFJJHahjWKcBvyLG6_9L0RcHHIMo8k-m2ZFeVJ8gGu9RF42vYDJ4oTtqwoWR90aREHZR2D77iBs=
AZiVPikD6IFFo-Zpb8Ilcr2kctGLLjmB2_Wm_xtR7CpSC6FtBhMwe-4fQn1LaAcnDuuCE1CpqWo=
PxrP9qcNpvrmvgqclav3QLu9ewgTjdJSynwayx_KqUJDG6C4giNNeiUH26w_LyYRiXRdsgVZbFY=
mIsO_zlAvB1LITx4gyrl4Jf-N9fC71aigTPOHlpoHEbDgvvcNOVoBSgZHnN7O4m5oyo2gXSfoS1=
pI2WM8O3mfmVI5moxURKdq-phLcCbS1op2D8V7ffsgY6RQERml3bBcbpDC3q8849nMI-LIRCJMr=
s1aoqnjWYrQ4hY660e-X4yuKiKh7MtEEyCIfJYtgIAB-fE4dY_D4rpLJs2sM8Am4%3D" target=
=3D"_blank" rel=3D"noopener noreferrer">Central Bank Digital Currency (CBDC=
)</a> interoperability <a href=3D"https://links.coinbase.com/u/click?_t=3D3=
aca56371967418192255878e9689713&_m=3D12d65500869b4621ba4656dbcd5c521d&_e=3D=
BM2MLvBngnug31Eaa-lvhnLCEwpklqGiGBtPkvynVSI9iVmFSenGl1t-UaRkDkL3ccvWIKsktiS=
iZDrti-IBvoB70kBWH_i9SRbskljXej_oK6-uBi4aYbDunLj63uatm358manOyRIut6V1fSkMqr=
rFRTLPzFXfplb9I9ADJe1oZv7Dv4hJg8QkjOTSjpw7Eco6HvnUiE0RDOiERgFuywqiyq71e7lD7=
Mn_pin_CtgCdkTl4Ux7KKCCoadjrDn_SWOJuWn9nELd8UAntcmQ9NRZ4gwjjjPh0IwyMhO-97zJ=
akM5NAOZ-vBvmrIeLLGv2FrIxg-dskTEfbDsqdnKq6wH3oeiM5GvPWovjBTX63QyQuAGRptJbOp=
hcd1OFnyQy3am0p2ZZa5ZKWOAnROFX3rYSZodQ8bHhnF7OtsSQcjVXoPb9i1Rf585lX1Auc8El8=
UTt8-i8UbWMUZ2L85BCyDZTL5kO9DeXS05ngSCKRwdwajIWR-daqfsHeQqPMHSc9CTxe-IQv0P_=
YoosMdqcP1UwZAzwfCY-EqSJsn-KKfwjAzP4_wo_grBtovnpPrJ" target=3D"_blank" rel=
=3D"noopener noreferrer">project</a> with Swift, the global financial messa=
ging network. The Hong Kong Monetary Authority, the National Bank of Kazakh=
stan, and another unnamed participant are testing CBDCs for cross-border pa=
yments.</p><p style=3D"margin: 4px 0px 0px; line-height: 1.6; word-break: b=
reak-word;"></p><table width=3D"100%" role=3D"presentation" style=3D"table-=
layout: fixed; vertical-align: top; border-spacing: 0px; border-collapse: c=
ollapse; min-width: 100%; text-size-adjust: 100%;"><tbody><tr style=3D"vert=
ical-align: top;"><td valign=3D"top" style=3D"word-break: break-word; verti=
cal-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%" al=
ign=3D"center" role=3D"presentation" 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-alig=
n: top;"><td valign=3D"top" style=3D"word-break: break-word; vertical-align=
: top; text-size-adjust: 100%;"><span></span></td></tr></tbody></table></td=
></tr></tbody></table><div><table style=3D"margin: 0px; padding: 0px;"><tbo=
dy><tr><td style=3D"margin: 0px; padding-right: 11px; vertical-align: middl=
e;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrat=
ors/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/d=
ot-1.5x.png" width=3D"12" height=3D"12" style=3D"display: block; width: 12p=
x; height: 12px;"></td><td style=3D"margin: 0px; padding: 0px; vertical-ali=
gn: middle;"><p style=3D"margin: 0px; font-size: 16px; letter-spacing: 0.07=
5em;"><strong> TOKEN TRIVIA </strong></p></td></tr></tbody></table><p style=
=3D"margin: 5px 0px 0px; font-size: 32px; line-height: 1.26; word-break: br=
eak-word;"><strong>Which crypto blockchain is currently proof-of-stake?</st=
rong></p></div><div style=3D"margin-top: 16px;"><table style=3D"line-height=
: 1.6; word-break: break-word;"><tbody><tr><td style=3D"padding-right: 12px=
;"><strong>A</strong></td><td>Bitcoin</td></tr><tr><td style=3D"padding-rig=
ht: 12px; padding-top: 12px;"><strong>B</strong></td><td style=3D"padding-t=
op: 12px;">Ethereum</td></tr><tr><td style=3D"padding-right: 12px; padding-=
top: 12px;"><strong>C</strong></td><td style=3D"padding-top: 12px;">Litecoi=
n</td></tr><tr><td style=3D"padding-right: 12px; padding-top: 12px;"><stron=
g>D</strong></td><td style=3D"padding-top: 12px;">Ripple</td></tr></tbody><=
/table></div><p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-break=
: break-word;">Find the answer at the end of the email.</p><div class=3D"ct=
a_button" style=3D"margin: 24px 0px 0px; padding: 0px; width: 50%;"><!--[if=
 mso]><table width=3D"100%" cellpadding=3D"0" cellspacing=3D"0" border=3D"0=
" style=3D"border-spacing:0;border-collapse:collapse;mso-table-lspace:0pt;m=
so-table-rspace:0pt;"><tr><td style=3D"padding:0;" align=3D"left"> <v:round=
rect xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=3D"urn:schemas-micro=
soft-com:office:word" ses:no-track href=3D"https://links.coinbase.com/a/cli=
ck?_t=3D3aca56371967418192255878e9689713&_m=3D12d65500869b4621ba4656dbcd5c5=
21d&_e=3DBM2MLvBngnug31Eaa-lvhkFEg3JefGY8UN8LHYGvUOIx1HM96xsITc3mk1wkAw4g4_=
6TvODM0yai6lTJhZP2CGsn8JMyj_EA_-WB43RLRqOALSIu2MltP5lkqiu6sWyQso10ClAKvkNUi=
3TqOARcQ2tVZrEuJnlwssEz4cSMmLDeQJz1XW5P0imKmvFJbleZj-sFhrCRbiyVGEUbMzYqRZoP=
iYZfYTYk3sB7EzxZZK03UGE0naO-ALL33SSyXuGOfR0ubX8XUBiQtjdk5qB3GUXUfheMMXf4na2=
bzEloaq8QiluRmazPw9PhSdnR1tk5ieH6dKt_6rwmO-kBu_DYei72mG_FSolBOX_t8rPZkT_R4O=
nyM2ODLwUCerYNmHuXzV3vk5tkXf_2ThT8GADfpQ%3D%3D" style=3D"width:350pt;v-text=
-anchor:middle;" arcsize=3D"17%" stroke=3D"false" fillcolor=3D"#0052ff"> <w=
:anchorlock/><v:textbox inset=3D"0,0,0,0"><center style=3D"font-family: Hel=
vetica Neue, Helvetica, Arial, sans-serif;"><![endif]--><a href=3D"https://=
links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D12d65=
500869b4621ba4656dbcd5c521d&_e=3DBM2MLvBngnug31Eaa-lvhkFEg3JefGY8UN8LHYGvUO=
Ix1HM96xsITc3mk1wkAw4g4_6TvODM0yai6lTJhZP2CGsn8JMyj_EA_-WB43RLRqOALSIu2MltP=
5lkqiu6sWyQso10ClAKvkNUi3TqOARcQ2tVZrEuJnlwssEz4cSMmLDeQJz1XW5P0imKmvFJbleZ=
j-sFhrCRbiyVGEUbMzYqRXvL1CIBTFK_BUa4ROzdHm4_whFMFJdeGTXsURcts_T013w6MkH_Bc5=
_CAX7Id6fbIp7qVjTibxmPhn-Rp-zWXfwJTOeGwaPhaP2GKomqBysYOxJLJDoAI1VKv7ulgDY1w=
llhLbpsBrYOx5SzXimlb76ZUFkrt5MfrKkLo3JCQR7RXlvg_7Q-zRdwijJVaPmGA%3D%3D" tar=
get=3D"_blank" rel=3D"noopener noreferrer" style=3D"display: block; margin:=
 0px; line-height: 1.2; font-size: 16px; text-decoration: none; color: rgb(=
255, 255, 255); background-color: rgb(0, 82, 255); border-radius: 30px; tex=
t-align: center; padding: 18px 0px;"><strong>Learn more about proof of stak=
e</strong></a><!--[if mso]></center></v:textbox></v:roundrect></td></tr></t=
able><![endif]--></div><table width=3D"100%" role=3D"presentation" style=3D=
"table-layout: fixed; vertical-align: top; border-spacing: 0px; border-coll=
apse: collapse; min-width: 100%; text-size-adjust: 100%;"><tbody><tr style=
=3D"vertical-align: top;"><td valign=3D"top" style=3D"word-break: break-wor=
d; vertical-align: top; min-width: 100%; text-size-adjust: 100%; padding: 4=
8px 0px;"><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"=
100%" align=3D"center" role=3D"presentation" style=3D"table-layout: fixed; =
vertical-align: top; border-spacing: 0px; border-collapse: collapse; border=
-top: 2px solid rgb(222, 224, 226); width: 100%;"><tbody><tr style=3D"verti=
cal-align: top;"><td valign=3D"top" style=3D"word-break: break-word; vertic=
al-align: top; text-size-adjust: 100%;"><span></span></td></tr></tbody></ta=
ble></td></tr></tbody></table><div><table style=3D"margin: 0px; padding: 0p=
x;"><tbody><tr><td style=3D"margin: 0px; padding-right: 11px; vertical-alig=
n: middle;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/=
Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9=
689713/dot-1.5x.png" width=3D"12" height=3D"12" style=3D"display: block; wi=
dth: 12px; height: 12px;"></td><td style=3D"margin: 0px; padding: 0px; vert=
ical-align: middle;"><p style=3D"margin: 0px; font-size: 16px; letter-spaci=
ng: 0.075em;"><strong> NOW TRADING ON COINBASE </strong></p></td></tr></tbo=
dy></table></div><a href=3D"https://links.coinbase.com/a/click?_t=3D3aca563=
71967418192255878e9689713&_m=3D12d65500869b4621ba4656dbcd5c521d&_e=3DBM2MLv=
Bngnug31Eaa-lvhkFEg3JefGY8UN8LHYGvUOI_CuexSUTebI1Xw5RgxA-C841lU98A-WUONLG9i=
q0x-oOLo9_SMpGDk8BemCdLDbUYYyP7FU0hHmZGQSgUO1raeUMvsO1_YD2O0U5aBrbKgR0VS2e2=
Wm6ZGSgIhu92U89co8ksw7qQK0cq6Yzu94xnpDa1aqKamOfVZkqRj8_qw_ZukqaYS-4VI_z7_mC=
pNIhMfvBsITPETu7kCt7GVq3GMXKXFNQPNV7ZMqIXbGI-4ZuqF_tw1NTCjUpgGcZXbjbNCSIpC3=
rZXvL897Usqr4z8xwrkVcQvAy3hUIb5Bffn5df9HRRZuwCVfcB0UBJwsA%3D" target=3D"_bl=
ank" rel=3D"noopener noreferrer" style=3D"color: rgb(10, 11, 13); text-deco=
ration: 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>VET</strong></td><td=
 style=3D"vertical-align: middle; padding-left: 12px;"><img src=3D"https://=
dynamic-assets.coinbase.com/379fbd483545e7160260356c4a750e617be3734a1268762=
9d4c5efd045a237d7985c434394fc59bf906b6227772cff6975edcc4e87c202c24fa3d48df6=
8f29bd/asset_icons/8103b1436a31a4ee8fb562db86a5a2510e6dc2c25d172e6f9a82b36e=
15965574.png" width=3D"26" height=3D"26" style=3D"display: block; width: 26=
px; height: 26px; vertical-align: middle;"></td><td style=3D"vertical-align=
: middle; text-align: right; width: 100%;"><img src=3D"https://d15k2d11r6t6=
rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6=
dd6a/3aca56371967418192255878e9689713/Newsletter%20Assets/newlistings_light=
.png" width=3D"21" height=3D"18" style=3D"width: 21px; height: 18px; vertic=
al-align: middle;"></td></tr></tbody></table><p style=3D"margin: 0px; line-=
height: 1.6;">VET is one of two native tokens on the VechainThor blockchain=
. </p></a><a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196741=
8192255878e9689713&_m=3D12d65500869b4621ba4656dbcd5c521d&_e=3DBM2MLvBngnug3=
1Eaa-lvhkFEg3JefGY8UN8LHYGvUOLu5RVqnc8fZjODfSv5nY6nBokPpp_aObWEN6yAKoqtkWid=
OR5Dg18kuAOnA6WF3vaWh1lwTCIK5VSm4dkrCMm8mBtAh8v07teOTlM0mR7L6zTlWVwWGyWSN2v=
1VWJvMZ2SJVzUTSNtMLy9D72J_ThG2DCEpI9UYwPes6hyxUSVc5wOZoql85sAXJpLAecBH-sqYk=
nsW61RjHNI3GR5CiSUVz9Hr1qKx0axVhCpkx1K1p1uvnM000fKPEGDop3W8vA_fawl7UOGmNp4O=
0BHHeF6ml8ZiItaJvJbMX5UuZxtL5WrOYh_gRnenCze9ArdCw5I_-N6ZkDcqUchc9_fXPA_" ta=
rget=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>VTHO</str=
ong></td><td style=3D"vertical-align: middle; padding-left: 12px;"><img src=
=3D"https://dynamic-assets.coinbase.com/3a5914c76a2a40a083fe9e2cf094ec1819c=
76f095883b84181107a7d9296cdaa17dbf8a5da502b0041a05d783d1fc4618a7e97d5cb38b9=
d11bab15934d6d8b4c/asset_icons/84433d2945b722442febfd5ef939d322170862f00016=
2f2a5111d622d080c5e8.png" width=3D"26" height=3D"26" style=3D"display: bloc=
k; width: 26px; height: 26px; vertical-align: middle;"></td><td style=3D"ve=
rtical-align: middle; text-align: right; width: 100%;"><img src=3D"https://=
d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-b=
d7e-c542cff6dd6a/3aca56371967418192255878e9689713/Newsletter%20Assets/newli=
stings_light.png" width=3D"21" height=3D"18" style=3D"width: 21px; height: =
18px; vertical-align: middle;"></td></tr></tbody></table><p style=3D"margin=
: 0px; line-height: 1.6;">VTHO is one of two native tokens on the VechainTh=
or blockchain. </p></a><table width=3D"100%" role=3D"presentation" style=3D=
"table-layout: fixed; vertical-align: top; border-spacing: 0px; border-coll=
apse: collapse; min-width: 100%; text-size-adjust: 100%;"><tbody><tr style=
=3D"vertical-align: top;"><td valign=3D"top" style=3D"word-break: break-wor=
d; vertical-align: top; min-width: 100%; text-size-adjust: 100%; padding: 4=
8px 0px;"><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"=
100%" align=3D"center" role=3D"presentation" style=3D"table-layout: fixed; =
vertical-align: top; border-spacing: 0px; border-collapse: collapse; border=
-top: 2px solid rgb(222, 224, 226); width: 100%;"><tbody><tr style=3D"verti=
cal-align: top;"><td valign=3D"top" style=3D"word-break: break-word; vertic=
al-align: top; text-size-adjust: 100%;"><span></span></td></tr></tbody></ta=
ble></td></tr></tbody></table><p style=3D"margin: 0px; line-height: 1.6; wo=
rd-break: break-word;"><strong>Trivia answer</strong></p><table style=3D"ma=
rgin: 12px 0px 0px; line-height: 1.6; word-break: break-word;"><tbody><tr><=
td style=3D"padding-right: 12px;"><strong>B</strong></td><td>Ethereum</td><=
/tr></tbody></table><table style=3D"margin: 48px 0px 0px;"><tbody><tr><td s=
tyle=3D"text-align: left;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.ne=
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8e9689713/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=3D3aca5637196741819225587=
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EsVNn_klZj_ARY2mBj_j_OjRNfQBGNUIiuOJd773OmTaG5xMJGB-TwJW9SrjM4lSkd5N1irDrjf=
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jCoNstSw-6gJN8MYpoLwbU0nZlB_-l8vzaRJcsA4TLlBEJ786q2ripvEOhXiYX" title=3D"co=
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