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Subject: =?UTF-8?Q?Ethereum=E2=80=99s_next_5_upgrades?=
To: Vincent Herbert <vince@showfile.com>

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Coinbase Bytes After the merge, ETH will see the surge, verge, purge, and=
=20
splurge. We=E2=80=99ll explain. View in browser=20
<https://links.coinbase.com/e/evib?_t=3D3aca56371967418192255878e9689713&_m=
=3Dce7f28801a7f4fc1a971c529be1bd30d&_e=3DI2pinO4l_ss64phcj4-7HCLUoCuZLo3_tx=
4IzST5p2JXP3MpUjCt02E2zkJYKeMOtl_tPJE8fA4wS5XForlwepxz9XRsdEWbTXswViMCEQtHs=
JEViaw_TgUr69fBCxYT31pMF2NbEPUma89mxNYLPg%3D%3D>
 <https://coinbase.com>=20
 27 Jul 2022=20
 <https://coinbase.com>=20
Last week, Ethereum co-founder Vitalik Buterin laid out the next 5 phases f=
or=20
ETH=E2=80=99s blockchain, which will improve scalability and efficiency. [M=
ichael=20
Ciaglo via Getty Images]

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

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

 * Bitcoin gave up most of last week=E2=80=99s gains. Tesla announced it so=
ld 75% of=20
its BTC, and mining =E2=80=9Cdifficulty=E2=80=9D dropped for a third straig=
ht week.=20
 * Vitalik Buterin explained Etherum=E2=80=99s future after the merge. Ther=
e are four=20
subsequent, rhyming stages that will improve scalability, says ETH=E2=80=99=
s co-founder.
 * The metaverse is having another moment. From Dubai to Tokyo, the metaver=
se=20
is going global.=20




Bitcoin

 =C2=A317,739.67=20

 -10.63%=20
 <https://coinbase.com/price/bitcoin?bytes_title=3Dbitcoin>=20

Ethereum

 =C2=A31,224.54=20

 -8.66%=20
 <https://coinbase.com/price/ethereum?bytes_title=3Dethereum>=20


Cardano

 =C2=A30.39=20

 -10.78%=20
 <https://coinbase.com/price/cardano?bytes_title=3Dcardano>=20

Solana

 =C2=A330.62=20

 -18.76%=20
 <https://coinbase.com/price/solana?bytes_title=3Dsolana>=20


Dogecoin

 =C2=A30.05=20

 -15.97%=20
 <https://coinbase.com/price/dogecoin?bytes_title=3Ddogecoin>=20

Polkadot

 =C2=A35.63=20

 -14.95%=20
 <https://coinbase.com/price/polkadot?bytes_title=3Dpolkadot>=20


Bitcoin

 =C2=A317,739.67=20

 -10.63%=20
 <https://coinbase.com/price/bitcoin?bytes_title=3Dbitcoin>=20

Ethereum

 =C2=A31,224.54=20

 -8.66%=20
 <https://coinbase.com/price/ethereum?bytes_title=3Dethereum>=20

Cardano

 =C2=A30.39=20

 -10.78%=20
 <https://coinbase.com/price/cardano?bytes_title=3Dcardano>=20


Solana

 =C2=A330.62=20

 -18.76%=20
 <https://coinbase.com/price/solana?bytes_title=3Dsolana>=20

Dogecoin

 =C2=A30.05=20

 -15.97%=20
 <https://coinbase.com/price/dogecoin?bytes_title=3Ddogecoin>=20

Polkadot

 =C2=A35.63=20

 -14.95%=20
 <https://coinbase.com/price/polkadot?bytes_title=3Dpolkadot>=20
Price changes are for the past week, ending on Jul 27, 2022 at 01:38 PM UTC
See the latest prices <https://coinbase.com/price>=20



 BTC UPDATE=20

This week in Bitcoin: Tesla=E2=80=99s balance sheet and dropping mining dif=
ficulty

The coming week could be an eventful one for Bitcoin as the U.S. Federal=20
Reserve is expected to raise interest rates again and a number of big tech=
=20
firms are scheduled to release earnings, all of which could add more volati=
lity=20
to an already jittery market. But before we cross that bridge, the biggest=
=20
cryptocurrency by market cap was in the news this week due to Tesla CEO Elo=
n=20
Musk announcing the electric car maker had sold the majority of its BTC.=20
Meanwhile, mining firms have seen a simultaneous increase in sustainability=
 and=20
a drop in difficulty, as many unplug to bolster U.S. energy grids. Let=E2=
=80=99s take a=20
look behind the headlines.

 * During Tesla=E2=80=99s Q2 earnings call last week, Elon Musk announced t=
he company=20
sold 75% of its BTC, worth about $936 million.Musk explained=20
<https://www.cnbc.com/2022/07/20/tesla-tsla-earnings-q2-2022-.html> that Te=
sla=20
raised this capital defensively due to uncertainty about Covid lockdowns in=
=20
China thathalted=20
<https://www.bloomberg.com/news/articles/2022-07-21/china-lockdowns-that-we=
ighed-on-tesla-results-aren-t-going-away?sref=3DaInCMkkj>
 manufacturing in Shanghai for three weeks. =E2=80=9CThis should not be tak=
en as some=20
verdict on Bitcoin,=E2=80=9D Musk said. In 2021, Tesla became one of the mo=
st visible=20
institutional BTC buyers after purchasing$1.5 billion=20
<https://www.cnbc.com/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html=
> of=20
the cryptocurrency.=20
 * Energy sources for Bitcoin mining saw a Q2 improvement to 59.5%=20
sustainability, according to theBitcoin Mining Council=20
<https://bitcoinminingcouncil.com/bitcoin-mining-electricity-mix-increased-=
to-59-5-sustainable-in-q2-2022/>
.The global forum of mining firms collected data from over 50% of the Bitco=
in=20
network via a voluntary survey and found a 6% increase in sustainability fr=
om=20
the previous year, and a 2% boost from the previous quarter. According to t=
he=20
report, Bitcoin mining makes up 0.15% of the global energy supply.=20
 * Meanwhile, Bitcoin mining difficulty saw its largest drop in a year as=
=20
miners turned off machines during a U.S. heatwave.Mining difficulty refers =
to=20
the amount of computer power required to mine new BTC on the Bitcoin networ=
k =E2=80=94=20
the more miners/power plugged into the network, the higher the difficulty. =
Last=20
Thursday saw a5% drop=20
<https://www.coindesk.com/tech/2022/07/22/bitcoin-mining-difficulty-sees-la=
rgest-drop-since-july-2021-as-miners-feel-the-texas-heat/>
 in difficulty as American miners likely turned off machines as electricity=
=20
prices spiked during extreme heat, particularly in Texas. This was the thir=
d=20
consecutive difficulty decrease since BTC prices crashed in June.=20


Why it matters=E2=80=A6 Since last week=E2=80=99s Tesla news, BTC has gradu=
ally shed about=20
10%, though it is still up roughly 20% since mid-June=E2=80=99s lows under =
$18,000. As=20
analysts and retail investors alike try todetermine=20
<https://www.bloomberg.com/news/articles/2022-07-24/battered-bitcoin-devote=
es-begin-to-contemplate-a-market-bottom?sref=3DaInCMkkj>
 if the market bottom is already in, diverging opinions have emerged. Galax=
y=20
Digital CEO Mike Novogratz recentlysaid=20
<https://www.bloomberg.com/news/articles/2022-07-19/novogratz-says-he-was-d=
arn-wrong-on-risks-of-crypto-leverage?sref=3DaInCMkkj>
 the =E2=80=9Cworst is over=E2=80=9D while analysts at blockchain analytics=
 firm Glassnodenote=20
<https://www.bloomberg.com/news/articles/2022-07-24/battered-bitcoin-devote=
es-begin-to-contemplate-a-market-bottom?sref=3DaInCMkkj#:~:text=3D%E2%80%9C=
This%20may%20mean%20further%20downside%20and/or%20consolidation%20time%20is=
%20required%20to%20establish%20a%20bottom%2C%E2%80%9D%20Glassnode%20said.%2=
0%E2%80%9CHowever%2C%20it%20may%20also%20signal%20that%20a%20greater%20degr=
ee%20of%20investor%20support%20exists%20in%20this%20bear%20cycle.%E2%80%9D>
 the possibility that =E2=80=9Cfurther downside and/or consolidation time i=
s required=20
to establish a bottom.=E2=80=9D While no one can say what will happen in th=
e future,=20
investors who have taken the long view with crypto have historically been=
=20
rewarded. Looking for some tips? We have you covered:
Learn to manage downturns=20
<https://www.coinbase.com/learn/tips-and-tutorials/how-to-minimize-your-los=
ses-during-a-falling-market?src=3Dbtcupdate_cta>



 RHYME TIME=20

Ethereum=E2=80=99s Vitalik Buterin says after ETH=E2=80=99s merge you can e=
xpect the surge,=20
verge, purge, and splurge

Last week, the entire crypto market rallied on the updated September timeli=
ne=20
for Ethereum=E2=80=99s long-awaitedmerge upgrade=20
<https://www.coinbase.com/bytes/archive/ethereum-merge-rally-explained>, wh=
ich=20
will see the blockchain move from energy-intensiveproof-of-work=20
<https://www.coinbase.com/learn/crypto-basics/what-is-proof-of-work-or-proo=
f-of-stake#undefined:~:text=3Din%20this%20explainer.-,What%20is%20proof%20o=
f%20work%3F,-Proof%20of%20work>
 mining to a more energy-efficientproof-of-stake=20
<https://www.coinbase.com/learn/crypto-basics/what-is-proof-of-work-or-proo=
f-of-stake#undefined:~:text=3Dproof%20of%20stake.-,What%20is%20proof%20of%2=
0stake%3F,-Ethereum%E2%80%99s%20developers%20understood>
 system. But the merge is only half the story =E2=80=94 55% to be exact =E2=
=80=94 according to=20
ETH co-founder Vitalik Buterin, whospoke=20
<https://www.youtube.com/watch?v=3DkGjFTzRTH3Q> about the future of the=20
blockchain at the Ethereum Community Conference in France last Thursday. Pe=
r=20
Buterin (the Dr. Seuss of crypto?) Ethereum will see subsequent, rhyming=20
upgrades called the =E2=80=9Csurge,=E2=80=9D =E2=80=9Cverge,=E2=80=9D =E2=
=80=9Cpurge,=E2=80=9D and =E2=80=9Csplurge.=E2=80=9D Let=E2=80=99s take a=
=20
quick look at the playfully named upgrades.



 * The merge is Ethereum=E2=80=99s first major upgrade, which will see the =
blockchain=20
move to proof-of-stake validation to verify transactions and unlock new ETH=
.=20
The upgrade will =E2=80=9Cmerge=E2=80=9D the current proof-of-work blockcha=
in with a=20
proof-of-stake blockchain called theBeacon Chain=20
<https://decrypt.co/resources/what-merge-ethereum-move-proof-stake>, which =
has=20
been running since 2020.=20
 * The surge will increase scalability and enable faster, cheaper transacti=
ons=20
via a process called =E2=80=9Csharding <https://ethereum.org/en/upgrades/sh=
arding/>,=E2=80=9D=20
which essentially divides large pieces of data into smaller shards, making =
it=20
even easier forlayer-2 blockchains=20
<https://blog.coinbase.com/scaling-ethereum-crypto-for-a-billion-users-715c=
e15afc0b>
 (likePolygon <https://www.coinbase.com/learn/crypto-basics/what-is-polygon=
>)=20
to operate more efficiently on top of the main Ethereum blockchain. =E2=80=
=9CEthereum=20
today can process 15 to 20 transactions per second,=E2=80=9D Buterin explai=
ned. With=20
sharding, =E2=80=9Cit=E2=80=99s going to be able to process 100,000 transac=
tions per second.=E2=80=9D=20
 * The verge refers to technical upgrades=20
<https://vitalik.ca/general/2021/06/18/verkle.html> that will allow users t=
o=20
become network validators =E2=80=94 computers responsible for verifying ETH=
=20
transactions =E2=80=94 without having to store massive amounts of data, whi=
ch is =E2=80=9Cgreat=20
for decentralization,=E2=80=9D Buterin said.=20
 * The purge is a phase that aims to remove old network history to ease=20
network bottlenecks and further reduce the amount of hard drive space requi=
red=20
for validators.=20
 * The splurge includes final tweaks and fine tuning of previous steps that=
,=20
according to Buterin, is the =E2=80=9Cfun stuff that will make Ethereum int=
o a much=20
more powerful system.=E2=80=9D=20


Why it matters=E2=80=A6 Part of taking the long-view on crypto is recalling=
 that=20
Bitcoin is only 13 years old, while Ethereum is only seven. During Buterin=
=E2=80=99s=20
presentation he contended that while =E2=80=9CBitcoiners consider Bitcoin t=
o be 80%=20
complete =E2=80=A6 Ethereans consider Ethereum to be 40% complete.=E2=80=9D=
 As the crypto=20
market evolves alongside the underlying technology, it=E2=80=99s important =
to remember=20
an oft-repeated phrase from Crypto Twitter =E2=80=94we=E2=80=99re still ear=
ly=20
<https://twitter.com/search?q=3Dwe%27re%20still%20early%20crypto&src=3Dtype=
d_query&f=3Dtop>
.
Learn about the merge=20
<https://www.coinbase.com/bytes/archive/ethereum-merge-rally-explained?src=
=3Drhymetime_cta>
 <http://coinbase.com/buy?src=3Dbytesdynamicbanner_cta>=20

 THE META NARRATIVE=20

From Dubai to Tokyo to the cover of Time Magazine, the Metaverse is having =
a=20
moment

=E2=80=9CThe Next Digital Era Will Change Everything=E2=80=9D was the headl=
ine=20
<https://time.com/6196282/time-metaverse-cover/> atop a recent issue of Tim=
e=20
magazine that featured a deep dive =E2=80=9Cinto the metaverse=E2=80=9D fro=
m Matthew Ball, a=20
venture capitalist and author of a new book about the buzzword that refers =
to=20
our theoretical, all-encompassing digital future. But this moment of mainst=
ream=20
recognition wasn=E2=80=99t the only notable metaverse development in recent=
 weeks.=20
Here=E2=80=99s a quick roundup.

 * The Crown Prince of Dubai, Sheikh Hamdan bin Mohammed, unveiled the=20
emirate=E2=80=99s =E2=80=9CMetaverse Strategy=E2=80=9D in a series of tweet=
s last week. Sheikh Hamdan=E2=80=99s=20
plan <https://twitter.com/HamdanMohammed/status/1548987283310878722?> for t=
he=20
metaverse economy in Dubai over the next five years consists of quintupling=
 the=20
number of metaverse and blockchain companies, supporting 40,000 additional=
=20
virtual jobs, and adding $4 billion to the economy, with the ultimate goal =
of=20
entering the world=E2=80=99s top 10 metaverse economies and becoming =E2=80=
=9Ca global=20
frontrunner in adopting digital solutions.=E2=80=9D=20
 * A number of leading web3 brands have come together to establish the =E2=
=80=9COpen=20
Metaverse Alliance for Web3,=E2=80=9Dwith the goal of creating a set of sta=
ndards that=20
will enable the industry to address the challenges of interoperability and=
=20
build a metaverse where individual platforms are interconnected, open, and=
=20
decentralized. OMA3, which will operate as a DAO, follows the founding last=
=20
month of theMetaverse Standards Forum=20
<https://metaverse-standards.org/news/press-releases/leading-standards-orga=
nizations-and-companies-unite-to-drive-open-metaverse-interoperability/>
, a group formed by tech giants such as Meta (formerly Facebook), Microsoft=
,=20
and Sony.=20
 * The University of Pennsylvania=E2=80=99s Wharton, a leading U.S. busines=
s school,=20
announced=20
<https://www.theblock.co/post/159723/wharton-school-launches-metaverse-focu=
sed-business-course?utm_source=3Dbasicrss&utm_medium=3Drss>
 it=E2=80=99s launching an online course called =E2=80=9CBusiness in the Me=
taverse Economy,=E2=80=9D=20
which it says is the first program focused on the metaverse from an Ivy Lea=
gue=20
institution. Meanwhile in Japan, the University of Tokyo will soon begin=20
offering courses on the fundamentals of the metaverse that will be conducte=
d=20
in, appropriately, the metaverse. The courses are aimed at addressing a=20
=E2=80=9Cshortage of personnel skilled to handle digital transformation,=E2=
=80=9Daccording=20
<https://www.asahi.com/ajw/articles/14677709> to newspaper Asahi Shimbun.=
=20


Why it matters=E2=80=A6 While the metaverse may indeed =E2=80=9Cchange ever=
ything,=E2=80=9D it is=20
still in its infancy, and the nascent industry, along with the broader web3=
=20
space, will require significant investment, collaboration, and user adoptio=
n in=20
order to displace the centralized web2 era and reframe ideas around individ=
ual=20
ownership across the internet. This week=E2=80=99s headlines illustrate how=
 this work=20
is moving forward, and even Time magazine can=E2=80=99t help but take notic=
e.
Read about the metaverse=20
<https://www.coinbase.com/learn/crypto-basics/what-is-the-metaverse?src=3Dt=
hemetanarrative_cta>



 NUMBERS TO KNOW=20

1 billion

The total number of crypto holders by 2030, if current adoption trends=20
continue, according to a new jointreport=20
<https://github.com/Foresight-Ventures/Research/blob/main/What%20Does%20the=
%20Future%20Hold%20for%20Crypto%20Exchanges_Eng_Jul%202022.pdf?utm_source=
=3DPR&utm_medium=3DMedia+release&utm_campaign=3DBCG+report>
 on the future of crypto exchanges from Boston Consulting Group, Bitget, an=
d=20
Foresight Ventures.

$150,000

The amount an NFT trader accidentally spent after he forgot to cancel a bid=
 he=20
placed for the ETH name =E2=80=9Cstop-doing-fake-bids-its-honestly-lame-my-=
guy.eth=E2=80=9D as=20
part of an elaboratejoke=20
<https://decrypt.co/105597/ethereum-nft-whale-loses-150k-on-a-meme-gone-wro=
ng>.=20

8 months

That=E2=80=99s how much longer the current crypto bear market could last, a=
ccording to=20
newresearch=20
<https://blockworks.co/crypto-bear-market-may-drag-on-another-8-months-gray=
scale/?utm_source=3DSailthru&utm_medium=3Demail&utm_campaign=3DDaily%20NL%2=
0Thursday%206.21.22&utm_term=3DDaily%20Newsletter>
 from digital asset manager,Grayscale Investments=20
<https://www.coinbase.com/learn/crypto-basics/crypto-retirement-account>.=
=20
Learn about bear markets=20
<https://www.coinbase.com/learn/crypto-basics/what-is-a-bull-or-bear-market=
?src=3Dnumberstoknow_cta>



 TUNE IN=20

The Degen Trilogy and the NFT-powered future of filmmaking

A question for all the cinephiles out there =E2=80=94 what would it look li=
ke to make=20
a blockbuster for the blockchain era? This week, Coinbase is teasing the an=
swer=20
to that question with part one ofThe Degen Trilogy=20
<https://www.youtube.com/watch?v=3DI26DE3c48rY>, an interactive short film =
series=20
that combines NFT technology with the collective ethos of the NFT community=
.=20
After hosting a casting call for Bored Ape Yacht Club owners, seven NFTs we=
re=20
cast in the web3 action adventure, each withsmart-contract=20
<https://www.coinbase.com/learn/crypto-basics/what-is-a-smart-contract> ena=
bled=20
licensing. For the first time ever, NFT owners get to participate in and=20
benefit from the on-screen action. And this is just the start.
Watch part one <https://nft.coinbase.com?src=3Dtunein_cta>=20



 TOKEN TRIVIA=20

How often is Bitcoin=E2=80=99s blockchain updated with new transactions?

A Every 10 minutes=20
B Once per hour=20
C Once per day=20
D Twice per day=20
Find the answer at the end of the email.
Learn about mining=20
<https://www.coinbase.com/learn/crypto-basics/what-is-mining?src=3Dtokentri=
via_cta>



 NOW TRADING ON COINBASE=20

GNO=20
GNO is an Ethereum token that powers Gnosis, an open-source and decentraliz=
ed=20
prediction market platform.
 <https://www.coinbase.com/price/gnosis-gno?bytes_new=3Dgnosis-gno>=20
NEST=20
NEST is an Ethereum token that powers the NEST Protocol, a price prediction=
=20
platform that aims to improve the crypto market.
 <https://www.coinbase.com/price/nest-protocol?bytes_new=3Dnest-protocol>=
=20
MTL=20
MTL is an Ethereum token that powers the Metal's products and ecosystem.=20
 <https://www.coinbase.com/price/metal?bytes_new=3Dmetal>=20
SYLO=20
SYLO is an Ethereum token for the Sylo Network, a decentralized communicati=
on=20
infrastructure created by many independent users running Sylo Node software=
 on=20
their own computers and servers.
 <https://www.coinbase.com/price/sylo?bytes_new=3Dsylo>=20


Trivia answer

A Every 10 minutes=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

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l3JXM6nzU5vUFFtLVOLG6AUArOu6otneZvQH_geSU3Ne2fX_TDDG0iVCJl_ZIzUwTI81xAFQJ-5=
I6RrVXCxegEOJ_Nckz71floW96jjJu0Dk9OZNZDiPIbaC9CDOcX4-4oCKf9l84AIWbk5NEqTx5J=
NB2z0POVUPg0a_A19dwAwgEKKWAKK0QZ1fSHxgJkGsl9gHHKZ61bfTseg0_d81s14yt36X9Cnsk=
usLUvF4TN_-u7mXGvg-58SL9SevsdLK_VkAFHP5IZKp2UMdLwtEKt8XNKDbZ4BRCE69kNJ6X9oG=
xxjnqgyKP77v_Yx3MRuadCw9xzTiwVNr26SHMiAMzP9vZwp_PQRTUGf8vMQGog7BcaWZNHL8-Zn=
icg82LmxhHHZI_KjfY%3D>
 from future editions of Coinbase Bytes.

------=_Part_3285188_1552025904.1658930265136
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ze: 16px;color: #0A0B0D;"><span style=3D"color:transparent;visibility:hidde=
n;display:none;opacity:0;height:0;width:0;font-size:0;">After the merge, ET=
H will see the surge, verge, purge, and splurge. We=E2=80=99ll explain.</sp=
an><img src=3D"https://links.coinbase.com/e/eo?_t=3D3aca5637196741819225587=
8e9689713&amp;_m=3Dce7f28801a7f4fc1a971c529be1bd30d&amp;_e=3DI2pinO4l_ss64p=
hcj4-7HCLUoCuZLo3_tx4IzST5p2JXP3MpUjCt02E2zkJYKeMO9jewefXQZfjoWyXIzIfX3rrjK=
EHnIQeVNd1v8OGSW6bwhmMC0tljjcjts-kSPdCdGK8zBSLVejJGp7h0fjNqfLNMbArvpZNIH35z=
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reak-word; margin: 0px auto;" class=3D"block-grid"> <div style=3D"padding: =
0px 10px 10px;"> <div style=3D"text-align: right; margin-bottom: 24px;"><a =
href=3D"https://links.coinbase.com/e/evib?_t=3D3aca56371967418192255878e968=
9713&_m=3Dce7f28801a7f4fc1a971c529be1bd30d&_e=3DI2pinO4l_ss64phcj4-7HCLUoCu=
ZLo3_tx4IzST5p2JXP3MpUjCt02E2zkJYKeMOtl_tPJE8fA4wS5XForlwepxz9XRsdEWbTXswVi=
MCEQtHsJEViaw_TgUr69fBCxYT31pMF2NbEPUma89mxNYLPg%3D%3D" target=3D"_blank" r=
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n: none; line-height: 1.5; font-size: 12px;">View in browser</a></div> <div=
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> <td style=3D"text-align: left; vertical-align: middle;"><a href=3D"https:=
//links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dce7=
f28801a7f4fc1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg1oO5uN8--JsEZZgDbJk=
x50fpY05GJo3gUIvD8wowfL_m4oneZKqBpO7NSVgIJ9gshjVckCHcf92sPA4i5DZZAjT5LNYiGT=
O23MXNVrKXxG7NrcFB6CUyoe3CR0vSuK6O3ArhVkh_S5i5JbwD-bTKZCKUoKyaq_KaYS8EpqX-z=
UIPeKstHVN6sAFdZHik4LGKOEg74jNVBJQouDtqiH2dpUVbD-RpekTqDut-lp1WHeGNHKuA8J32=
A5sIpNWKm6Gv7sEfRs3iZUCLpte142DO_Ao_DLFcaJTxLqpoOkaY9ychKZtvOarXGVICbYUFxLT=
mR1ge-QXAoqcZNHNcx82eeRH_gHW-J5xfx8HRsbulODM" title=3D"Coinbase Bytes" targ=
et=3D"_blank" rel=3D"noopener noreferrer"><img src=3D"https://d15k2d11r6t6r=
l.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6d=
d6a/3aca56371967418192255878e9689713/cbytes-4x.png" height=3D"36" style=3D"=
display: block; height: 36px;"></a></td> <td style=3D"text-align: right;"><=
p style=3D"font-size: 20px; color: rgb(10, 11, 1); margin: 10px 0px 0px;"> =
27 Jul 2022 </p></td> </tr> </tbody> </table> </div> <a href=3D"https://lin=
ks.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dce7f2880=
1a7f4fc1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg1oO5uN8--JsEZZgDbJkx50fp=
Y05GJo3gUIvD8wowfL_m4oneZKqBpO7NSVgIJ9gshjVckCHcf92sPA4i5DZZAjT5LNYiGTO23MX=
NVrKXxG7lyFgxACeM2lY-RV91JrCaRrsomP7O1i6jcmmTY-ihl-XbCSh1InP3rOUS66mmJMbIhX=
KRN1AbSaVHeatMFlAioIQraYAyjOhGFBMZ72-B3S5PaDetOc6hYO1gaW7rdRXXAtGIF-IG1QuuL=
r6OTPFODl-RIKi22WPfivnQQyns0KawWFV_ucPtDuD415_ccZJGhIckB2qlewmx8XJqXyy4gVQx=
L2f7Wyr3k3GjwBMy8jGzykxYrgHx6fXFM3ICPi_" target=3D"_blank" rel=3D"noopener =
noreferrer"><img src=3D"https://images.ctfassets.net/q5ulk4bp65r7/62NHl0ZpG=
EtzQqFkgl8aJf/a86aa80d32951a23241cedf699431d38/Michael_Ciaglo_via_Getty_Ima=
ges.jpg" width=3D"100%" style=3D"display: block; width: 100%;"></a> <p styl=
e=3D"margin: 16px 0px 0px; line-height: 1.5; word-break: break-word; font-s=
ize: 12px; color: rgb(91, 97, 110);">Last week, Ethereum co-founder Vitalik=
 Buterin laid out the next 5 phases for ETH=E2=80=99s blockchain, which wil=
l improve scalability and efficiency. [Michael Ciaglo via Getty Images]</p>=
 <p style=3D"margin: 48px 0px 16px; font-size: 32px; line-height: 1.26; wor=
d-break: break-word;"><strong>What=E2=80=99s up? It=E2=80=99s Coinbase Byte=
s </strong></p> <p style=3D"margin: 0px; line-height: 1.6; word-break: brea=
k-word;">There=E2=80=99s never a dull moment on the blockchain. Here=E2=80=
=99s what you need to know this week:</p> <!--[if mso]><ul style=3D"line-he=
ight:1.6;mso-line-height-alt:26px;"><![endif]--><!--[if !mso]><!-- --><ul s=
tyle=3D"margin: 10px 0px; padding-left: 24px; line-height: 1.6;"><!--<![end=
if]--> <li style=3D"margin: 0px; padding: 6px 0px;"><strong>Bitcoin gave up=
 most of last week=E2=80=99s gains. </strong>Tesla announced it sold 75% of=
 its BTC, and mining =E2=80=9Cdifficulty=E2=80=9D dropped for a third strai=
ght week.</li> <li style=3D"margin: 0px; padding: 6px 0px;"><strong>Vitalik=
 Buterin explained Etherum=E2=80=99s future after the merge. </strong>There=
 are four subsequent, rhyming stages that will improve scalability, says ET=
H=E2=80=99s co-founder.&nbsp;</li> <li style=3D"margin: 0px; padding: 6px 0=
px;"><strong>The metaverse is having another moment. </strong>From Dubai to=
 Tokyo, the metaverse is going global.</li> </ul> <p style=3D"margin: 0px; =
padding: 0px;"></p> <!--[if !mso]><!--> <div class=3D"desktop_hide" style=
=3D"mso-hide:all;display:none;max-height:0;overflow:hidden;"> <table style=
=3D"width:100%;table-layout:fixed;margin:0;"> <tbody> <tr> <td style=3D"pad=
ding-top:40px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca563=
71967418192255878e9689713&_m=3Dce7f28801a7f4fc1a971c529be1bd30d&_e=3DuwUJ0j=
HEx7nAiBTpcKhRg5VJXFqeK1-pYgnpOvAPyahuq49eIll0u3A8jyoNI_e54KSVsvkkzJG5h921W=
ms1Pfq6FVvA_hI3FscoeFhLXfaETfdvgYL7ugx-mZoaDGDkwXEkaaOouIACkXHPy-d94IgXMPd2=
lv0ALlsLjtztA2mUXrlWyUu9z5JE8zEu_SORizpiZhXRU9_Uh2x52JFm2NGCqai878B9xicrIH6=
iHf8JWYkwhktyp82ZKIngjvVrchMSXZ-ri3iAy1FTWr5QZSyG6-wE4tB1RkGMCWQmGlKR2uILZO=
H0fmA1zjUS6r9KhfxOhngIphAsVKIsTvVlFDV7UmaMOsILFklBQ2C6xJMfW7miePHYenN2ZUFzT=
JbBsKM31rPkWIjjnps_HfjWOmLdh0bWOM0Mz1juGjpn3h4%3D" target=3D"_blank" style=
=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D=
"padding:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfr=
ont.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5=
6371967418192255878e9689713/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:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><stron=
g>Bitcoin</strong></p> <p style=3D"margin:8px 0px;"> =C2=A317,739.67 </p> <=
p style=3D"margin:0;font-size:12px;"> -10.63% </p> </div> </td> </tr> </tbo=
dy> </table> </a> </td> <td style=3D"padding-top:40px;"> <a href=3D"https:/=
/links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dce7f=
28801a7f4fc1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg5VJXFqeK1-pYgnpOvAPy=
ai5C2W24p5zT3JNTIo9yUGsLtK0B4Rf0fdT6vnrVVumvyQ5DrwnPseu39M1NiqtYRcamAlUCBM4=
mGgZvwbPb34-sEYmuqLQNSPOPQ_jk2mwNqkoRFXYD1MkinY746Nf3HmCVbpjMz3vUirp8l7tWzF=
i_VqG_5etitu2e5drosS8XAsBWeJ8Htxwf6MwbLcuLwXUCQuKYXpI4Qr8gKzYHd_38XAMa9Ul5z=
4pXMthm3WIgPEVxMW-f7kdUpsXUEeuQZ2R9Vy3hGOs1uWCMdE2kySanLInyc0tBf35WCakhj8m3=
DbklkPXwvm-K1pxFXfz6tSI0YXlneePWg3_sgLgpRsmcfxml2vP6YkL0JARjxD-wbbOTn3uLCuF=
_Nd0rbPpd00%3D" target=3D"_blank" style=3D"text-decoration:none;color:#0A0B=
0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical-align:top;"> <im=
g src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669=
d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/down-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>Ethereum</strong></p> <p style=3D"=
margin:8px 0px;"> =C2=A31,224.54 </p> <p style=3D"margin:0;font-size:12px;"=
> -8.66% </p> </div> </td> </tr> </tbody> </table> </a> </td> </tr> <tr> <t=
d style=3D"padding-top:20px;"> <a href=3D"https://links.coinbase.com/a/clic=
k?_t=3D3aca56371967418192255878e9689713&_m=3Dce7f28801a7f4fc1a971c529be1bd3=
0d&_e=3DuwUJ0jHEx7nAiBTpcKhRg5VJXFqeK1-pYgnpOvAPyaivRGTk2X0QVgiQFitY5HiNKq7=
K-lS4rdunpJhucwGZ68c1jh-XQvkZZq-1913JyRBYlCfcKRu_mZPjBVThD3wbQIitxlnjErH-00=
oBBWz304r-ylG2yC5Cfiw-xIvqJH1d4QXoUEf2udpCU1ZZBqnmjtQmgXDOK2rKG6IxLXA4Gqmcw=
I0oT6nLidWNWXo1_OwxaqlqW9AgBoP4E__-Dd5V0nQy9lX3FVgxbCM5M-WAl7dSOMlJrbqmImHV=
VWZ_zEcRNsPreEy010tdVg04NC91-AimOWq16GEPrCwy-UXeNmZ5AQ1kvBFwFh3ujTBSwsP-05c=
UFstRPKecbNsM5XIVgeNJRICFFEO9pCYR13YWwAjEVEgi3No-Ayzmt6V4K-o%3D" target=3D"=
_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr>=
 <td style=3D"padding:0;vertical-align:top;"> <img src=3D"https://d15k2d11r=
6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542c=
ff6dd6a/3aca56371967418192255878e9689713/down-arrow.png" style=3D"height:12=
px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"12" wid=
th=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"ma=
rgin:0;"><strong>Cardano</strong></p> <p style=3D"margin:8px 0px;"> =C2=A30=
.39 </p> <p style=3D"margin:0;font-size:12px;"> -10.78% </p> </div> </td> <=
/tr> </tbody> </table> </a> </td> <td style=3D"padding-top:20px;"> <a href=
=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e968971=
3&_m=3Dce7f28801a7f4fc1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg5VJXFqeK1=
-pYgnpOvAPyahKKltcNq5fZyk98g7MuoZzKVWJ9n-rHi4efm3SDM6cLZxaXZnumUerljGm9gagx=
r8vhXnu33th1Hlv-lx1EM3mbugCihdXTWJw-D8Ig7lNtzbLobfIgGChAJY5fydCzAnWdBGDN_hX=
5Q3mrlq_KYDXpQ2HXtxehmGTbB3mdhRzs4bA33y68uH-gOF_hI6gfjwW0p9nZwykX5h89kw-xZy=
yTfO_ieoLiRmCv7Y1aCzyEVjuMW3k9khZqGal-z_PoMvDgRzgoSrp8aZkUHfsKjwJVDlmSr_NYn=
yLj6TjO0b96BXj1LvIrl-7SRk62gqLU-7MVd8WzWJ6yWOKTSIFEm4JNtUa_JC4Jcih5V-UHNvco=
YF9g0kKBMzjmSpbmDhDK5c%3D" target=3D"_blank" style=3D"text-decoration:none;=
color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical-align=
:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Inte=
grators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e96897=
13/down-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=A330.62 </p> <p style=3D"margin:0;font-size:=
12px;"> -18.76% </p> </div> </td> </tr> </tbody> </table> </a> </td> </tr> =
<tr> <td style=3D"padding-top:20px;"> <a href=3D"https://links.coinbase.com=
/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dce7f28801a7f4fc1a971c52=
9be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg5VJXFqeK1-pYgnpOvAPyaiXv9esV1x5-esR9Qi8=
l-PcZ7_NZoGMhZpSwOSQnznBS6w7f_qaPx4eG9QnH2u8fiPRaeZrkzzEE0SgDixT-E7Gpvpj0qg=
r6cS5dAYQ7kN_kyYA3W_J3-qEZB3bjZpc0RqWWNH8-3U5Kt5pYZC9SMohfTHs0MUt-PxOP5lu7S=
eDiyuIkk597EQqLU8-stelfey3yyxVpIsGtB9FqAaxvar23xiZu_PMDHDy5_qtD-JsWaqVcNAPV=
e32mEvaXtVBKcA8SvUWFG5Na1FvyKGqEyrc4HWEQqvDkGKRab7HEsMhx7eB0A4oN-W7cnGoI4yX=
d8hI5vnNcvDvsYhuUYsYLl6vRy1n0Vt_d6ASoGhWYBLVFZCMTvrIEhYKSZKabnft-M4%3D" tar=
get=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbod=
y> <tr> <td style=3D"padding:0;vertical-align:top;"> <img src=3D"https://d1=
5k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7=
e-c542cff6dd6a/3aca56371967418192255878e9689713/down-arrow.png" style=3D"he=
ight:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"=
12" width=3D"12"/> </td> <td style=3D"padding:0;vertical-align:top;"> <div =
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;"> -15.97% </p> </div> =
</td> </tr> </tbody> </table> </a> </td> <td style=3D"padding-top:20px;"> <=
a href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e=
9689713&_m=3Dce7f28801a7f4fc1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg5VJ=
XFqeK1-pYgnpOvAPyahYZbhWOdk5slFCo6b4QcfG11SH7M_9F_DY-9DnWtjb9S2IXdZEClZjp5r=
zPvAVjFStfYQagBaTpzc6IW4FXq8Hnj2ugi8R-bayUhKFh4wDTpVZL2xxgp4xPMFP17tk44E4oE=
ZG64dcVQxejvY7RU7KZBPwSiykjYMr1rf5ANU7RjqG48wCo4sURYZlJa_1bPvbYgecQC5pYoOZU=
ZdHg87jUx1Rb0dNRgqUefy3efVgyCcjFW0qLPD-icDQ1NLok3nYsOpb6r0OO76QIZE9NjsJ3JyO=
Rxtvhdz3167joyrxNYI6z-UxMkbPeQbOqZ7nGYT5F205pG_WZKzsbEOl1_QO3Ewbg6cOAbw2jgg=
FYai-67K_Wh2RfV9_zFWmra7jDiU%3D" target=3D"_blank" style=3D"text-decoration=
:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical=
-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/user=
s/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878=
e9689713/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"p=
adding:0;vertical-align:top;"> <div style=3D"text-align:left;margin:0px 0px=
 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Polkadot</strong>=
</p> <p style=3D"margin:8px 0px;"> =C2=A35.63 </p> <p style=3D"margin:0;fon=
t-size:12px;"> -14.95% </p> </div> </td> </tr> </tbody> </table> </a> </td>=
 </tr> </tbody> </table> </div> <!--<![endif]--> <div class=3D"mobile_hide"=
> <table style=3D"width:100%;table-layout:fixed;margin:0;"> <tbody> <tr> <t=
d style=3D"padding-top:40px;"> <a href=3D"https://links.coinbase.com/a/clic=
k?_t=3D3aca56371967418192255878e9689713&_m=3Dce7f28801a7f4fc1a971c529be1bd3=
0d&_e=3DuwUJ0jHEx7nAiBTpcKhRg5VJXFqeK1-pYgnpOvAPyahuq49eIll0u3A8jyoNI_e54KS=
VsvkkzJG5h921Wms1Pfq6FVvA_hI3FscoeFhLXfaETfdvgYL7ugx-mZoaDGDkwXEkaaOouIACkX=
HPy-d94IgXMPd2lv0ALlsLjtztA2nn1ZmiyWmqcE0CYvaOv9iBljSB12r9yMaTiajmJPOWQ_7s1=
G30jYHBa7cfr7QxnPc9PEWrw2koy1QXbgnsl9JJcydZdsr9ioCzgv22bxNvP9AtAgcIGuGoXUAE=
tvXFwPL4Bvr-CfRQyIuZQdn1Ve1IhG2fYAI81xkV9PjSqnPapCDWlTmVM2ylOU-mTWZ0NdklvpQ=
W4Vpdcy8CouMzdhpDeNzUfopCHQQ3RcNP2_tzf0kkcazGohit9dd2behwC4w%3D" target=3D"=
_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr>=
 <td style=3D"padding:0;vertical-align:top;"> <img src=3D"https://d15k2d11r=
6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542c=
ff6dd6a/3aca56371967418192255878e9689713/down-arrow.png" style=3D"height:12=
px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"12" wid=
th=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"ma=
rgin:0;"><strong>Bitcoin</strong></p> <p style=3D"margin:8px 0px;"> =C2=A31=
7,739.67 </p> <p style=3D"margin:0;font-size:12px;"> -10.63% </p> </div> </=
td> </tr> </tbody> </table> </a> </td> <td style=3D"padding-top:40px;"> <a =
href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e96=
89713&_m=3Dce7f28801a7f4fc1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg5VJXF=
qeK1-pYgnpOvAPyai5C2W24p5zT3JNTIo9yUGsLtK0B4Rf0fdT6vnrVVumvyQ5DrwnPseu39M1N=
iqtYRcamAlUCBM4mGgZvwbPb34-sEYmuqLQNSPOPQ_jk2mwNqkoRFXYD1MkinY746Nf3HmCVbpj=
Mz3vUirp8l7tWzFih5ioFj0hdlyFLKFKRxK90Yod6V3alP2kX3vsm1djEK9R5Xr4L0NzWGLUQuz=
jkGgXPZhiXYlO929OB9qEvjZj_BmXrDdAxYushD0wFU47bzMJS4PEZ1L-ZE2MrVovaZ9P2TVXKX=
v5b8XmhCtJ1unAFySqklm5Okn5vFLnPpZTIgzarB_9fosXc6Naib7NuHpCfQbiEDUvQThPnOcNz=
uGmAgcs5mZ7VyINE4qzS81qTtk%3D" target=3D"_blank" style=3D"text-decoration:n=
one;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical-a=
lign:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/=
Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9=
689713/down-arrow.png" style=3D"height:12px;width:12px;margin:2px 0px 0px 0=
px;vertical-align:top;" height=3D"12" width=3D"12"/> </td> <td style=3D"pad=
ding:0;vertical-align:top;"> <div style=3D"text-align:left;margin:0px 0px 0=
px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Ethereum</strong></=
p> <p style=3D"margin:8px 0px;"> =C2=A31,224.54 </p> <p style=3D"margin:0;f=
ont-size:12px;"> -8.66% </p> </div> </td> </tr> </tbody> </table> </a> </td=
> <td style=3D"padding-top:40px;"> <a href=3D"https://links.coinbase.com/a/=
click?_t=3D3aca56371967418192255878e9689713&_m=3Dce7f28801a7f4fc1a971c529be=
1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg5VJXFqeK1-pYgnpOvAPyaivRGTk2X0QVgiQFitY5Hi=
NKq7K-lS4rdunpJhucwGZ68c1jh-XQvkZZq-1913JyRBYlCfcKRu_mZPjBVThD3wbQIitxlnjEr=
H-00oBBWz304r-ylG2yC5Cfiw-xIvqJH0Tr79arzZZAbvNAnmfU4ImqlesbMhPYbID29Naeoq6h=
e41q3RnlfBj2PGrkiTDcmniC94hByw97bkdCPYheJZOniDe_1vyX0ua4deghexrMfNeaHVmMC5y=
ifZ8FT44hd7tUMDqXvirGFrBZZvkV1tBwjlvL8J2EzFMV_QizOqw_Rf_G4r2zO0NDWl0HJGzMm5=
vYB34rF7KxoWfp4yK2Fn8Gbdk9lTg1StixAR_vN6vRO5iNWonHOhHnLqyPv-EMjM%3D" target=
=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody> =
<tr> <td style=3D"padding:0;vertical-align:top;"> <img src=3D"https://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=
=A30.39 </p> <p style=3D"margin:0;font-size:12px;"> -10.78% </p> </div> </t=
d> </tr> </tbody> </table> </a> </td> </tr> <tr> <td style=3D"padding-top:2=
0px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196741819=
2255878e9689713&_m=3Dce7f28801a7f4fc1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTp=
cKhRg5VJXFqeK1-pYgnpOvAPyahKKltcNq5fZyk98g7MuoZzKVWJ9n-rHi4efm3SDM6cLZxaXZn=
umUerljGm9gagxr8vhXnu33th1Hlv-lx1EM3mbugCihdXTWJw-D8Ig7lNtzbLobfIgGChAJY5fy=
dCzAmbjYyrta5o55qqcXv_2gnUkw-Yx2mnePjSV-G1Lxpw2RdK2ffGkMYPIFeL-YzTJ65M2appU=
rs4yLqYXHP9IZuYVD1RN_WGUqekWop-KVGszH3Iwl5mLsMNftCE-SfFYsoanDZM51dg90VpJ-wb=
WeGLOAVzCf9XlwKxcLBpjDFypC0rIuXHqwRT7wFr8DtPFphEkno9BjQdkja5E7UxjjdqaMUqNiu=
sbnae0n-hw_dP_L_VAVy0Bc7_LJNKuzQHCCk%3D" target=3D"_blank" style=3D"text-de=
coration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;=
vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/pub=
lic/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca563719674181=
92255878e9689713/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 st=
yle=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</s=
trong></p> <p style=3D"margin:8px 0px;"> =C2=A330.62 </p> <p style=3D"margi=
n:0;font-size:12px;"> -18.76% </p> </div> </td> </tr> </tbody> </table> </a=
> </td> <td style=3D"padding-top:20px;"> <a href=3D"https://links.coinbase.=
com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dce7f28801a7f4fc1a971=
c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg5VJXFqeK1-pYgnpOvAPyaiXv9esV1x5-esR9=
Qi8l-PcZ7_NZoGMhZpSwOSQnznBS6w7f_qaPx4eG9QnH2u8fiPRaeZrkzzEE0SgDixT-E7Gpvpj=
0qgr6cS5dAYQ7kN_kyYA3W_J3-qEZB3bjZpc0RqWWNH8-3U5Kt5pYZC9SMoh1DAVOyc5nZULwfQ=
cdvMmxwt7ZZVVtdWd890ai8NXFN35oV7g2VV_fEe0fOmTStu6s79JzMlqDcuK7NkYA17mC6Da9C=
o4dPjfzUdItxdHc4RDq0mciASx710DjgXgCI_vhoVvvcVTHcrragesIo2v3DFWf_ua_xKTFK9n1=
4KaTx7fS2xrvBpyrGFr9n5H7vYXbcof7LabqyWkjqcQz94FJZB7cWwrHAgWRh_ohnoZ4Pc%3D" =
target=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <table> <t=
body> <tr> <td style=3D"padding:0;vertical-align:top;"> <img src=3D"https:/=
/d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-=
bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/down-arrow.png" style=3D=
"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=
=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;vertical-align:top;"> <=
div style=3D"text-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p st=
yle=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;"> -15.97% </p> </di=
v> </td> </tr> </tbody> </table> </a> </td> <td style=3D"padding-top:20px;"=
> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca563719674181922558=
78e9689713&_m=3Dce7f28801a7f4fc1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg=
5VJXFqeK1-pYgnpOvAPyahYZbhWOdk5slFCo6b4QcfG11SH7M_9F_DY-9DnWtjb9S2IXdZEClZj=
p5rzPvAVjFStfYQagBaTpzc6IW4FXq8Hnj2ugi8R-bayUhKFh4wDTpVZL2xxgp4xPMFP17tk44E=
4oEZG64dcVQxejvY7RU7KnkDaTncQrvDJmxl-diRh7OVg84xyAJppwn68H_evkzRaN8iM154Au5=
Yk9k_JdfwNOC7jmIDog2qy9zkXDfagXBNp_fFHPpVSz4s2q8AT1cgalhy0R-UZoKKWnBUFor0su=
_p1ALbEQ9VloL6D35fKlJfvTijM0l_7zvpd83rkOsM_VidQ1p-4Il73MS0eyoWi6rVd7CEbdJEt=
qLNJAGucK9ZU-ox8ArC8-nMqTU6-Om8%3D" target=3D"_blank" style=3D"text-decorat=
ion:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;verti=
cal-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/u=
sers/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255=
878e9689713/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>Polkadot</st=
rong></p> <p style=3D"margin:8px 0px;"> =C2=A35.63 </p> <p style=3D"margin:=
0;font-size:12px;"> -14.95% </p> </div> </td> </tr> </tbody> </table> </a> =
</td> </tr> </tbody> </table> </div> <p style=3D"margin: 20px 0px 0px; line=
-height: 1.5; word-break: break-word; color: rgb(91, 97, 110); font-size: 1=
2px;">Price changes are for the past week, ending on Jul 27, 2022 at 01:38 =
PM UTC</p> <div class=3D"cta_button" style=3D"margin: 24px 0px 0px; padding=
: 0px; width: 50%;"><!--[if mso]><table width=3D"100%" cellpadding=3D"0" ce=
llspacing=3D"0" border=3D"0" style=3D"border-spacing:0;border-collapse:coll=
apse;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" x=
mlns:w=3D"urn:schemas-microsoft-com:office:word" href=3D"https://links.coin=
base.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dce7f28801a7f4fc=
1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg5VJXFqeK1-pYgnpOvAPyajLUcv4ULQV=
f6PBO9axEevHUKP-h7J_38-BkxxNV6XwIAIReDp-cyRkKoN9yvxME0PhqZjCXQmQOVI3bl21ajI=
nNWpwnnxQgMCDU-MCWA70fC8PCqAUXpjXlbT-hzcs_WdIB5G0l46fL89ocC8K7-rC3JRPPB-gmg=
oyemFIgj9oNFbhx-dL9toVP3t24QdPzg26i5C2K5_0VoPSYDV6Xlg7gBGBkV5Bwlf7uFmYtZUb1=
0iTWntc1X6jZTgYz1zkEmc4RRmt0YJX06i5Sm8UKoNpAx3U0MCryto-OAsQ7F5nyi7aNxaCBUPv=
_6eLB0fuHYACAPyrgm0g4P3s2OGXKCJS" 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, H=
elvetica, Arial, sans-serif;"><![endif]--><a href=3D"https://links.coinbase=
.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dce7f28801a7f4fc1a97=
1c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg5VJXFqeK1-pYgnpOvAPyajLUcv4ULQVf6PB=
O9axEevHUKP-h7J_38-BkxxNV6XwIAIReDp-cyRkKoN9yvxME0PhqZjCXQmQOVI3bl21ajInNWp=
wnnxQgMCDU-MCWA70fDvLN3YBlHeHXGFcfHwno7xzgJDRHZnsMr28O6sDNcbwbGarlmQGP1anJB=
eNO5tyDmiNw7AlOaIO5qQbLzU4fDDZvWHgQDLVmyTgvH57RJuDYTxG5ks024vSDW1Yek9f3rzhg=
xxoN_sg1HUoGwW1kyixFvtvDv293QVV9IYQdqhbxOa2yMI676uJHIIJgF_-7cwE9b_1JZhhf111=
WQOPU7tNbPFJi5xJThO9WqKk_3Qr" target=3D"_blank" rel=3D"noopener noreferrer"=
 style=3D"display: block; margin: 0px; line-height: 1.2; font-size: 16px; t=
ext-decoration: none; color: rgb(255, 255, 255); background-color: rgb(0, 8=
2, 255); border-radius: 30px; text-align: center; padding: 18px 0px;"><stro=
ng>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" valign=3D"top" style=3D"table-layout: fixed; vertical-ali=
gn: top; border-spacing: 0px; border-collapse: collapse; min-width: 100%; t=
ext-size-adjust: 100%;"> <tbody> <tr style=3D"vertical-align: top;"> <td va=
lign=3D"top" style=3D"word-break: break-word; vertical-align: top; min-widt=
h: 100%; text-size-adjust: 100%; padding: 48px 0px;"><table border=3D"0" ce=
llpadding=3D"0" cellspacing=3D"0" width=3D"100%" align=3D"center" role=3D"p=
resentation" valign=3D"top" style=3D"table-layout: fixed; vertical-align: t=
op; border-spacing: 0px; border-collapse: collapse; border-top: 2px solid r=
gb(222, 224, 226); width: 100%;"> <tbody> <tr style=3D"vertical-align: top;=
"> <td valign=3D"top" style=3D"word-break: break-word; vertical-align: top;=
 text-size-adjust: 100%;"><span></span></td> </tr> </tbody> </table></td> <=
/tr> </tbody> </table> <div> <table style=3D"margin: 0px; padding: 0px;"> <=
tbody> <tr> <td style=3D"margin: 0px; padding-right: 11px; vertical-align: =
middle;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Int=
egrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689=
713/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; vertic=
al-align: middle;"><p style=3D"margin: 0px; font-size: 16px; letter-spacing=
: 0.075em;"><strong> BTC UPDATE </strong></p></td> </tr> </tbody> </table> =
<p style=3D"margin: 5px 0px 0px; font-size: 32px; line-height: 1.26; word-b=
reak: break-word;"><strong>This week in Bitcoin: Tesla=E2=80=99s balance sh=
eet and dropping mining difficulty</strong></p> </div> <p style=3D"margin: =
16px 0px 0px; line-height: 1.6; word-break: break-word;">The coming week co=
uld be an eventful one for Bitcoin as the U.S. Federal Reserve is expected =
to raise interest rates again and a number of big tech firms are scheduled =
to release earnings, all of which could add more volatility to an already j=
ittery market. But before we cross that bridge, the biggest cryptocurrency =
by market cap was in the news this week due to Tesla CEO Elon Musk announci=
ng the electric car maker had sold the majority of its BTC. Meanwhile, mini=
ng firms have seen a simultaneous increase in sustainability and a drop in =
difficulty, as many unplug to bolster U.S. energy grids. Let=E2=80=99s take=
 a look behind the headlines.</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"margin: 0px; padding: 6px 0px;"><strong>During Tesla=E2=80=
=99s Q2 earnings call last week, Elon Musk announced the company sold 75% o=
f its BTC, worth about $936 million. </strong>Musk <a href=3D"https://links=
.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dce7f28801a=
7f4fc1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg2hOqUI8H0bHspjvZLMArNRW6S8=
UY0NxyQU1XOFl43SI-Pj9CmsiAJ6ZfJx2FGFeDbHjgJ_XpI3_G1AOq4PA0lBb3I9msvJHVGEtrO=
VzyjGqLJBHwdHPp27Pi2twDBaw6KQ1_wYbgChWAD4rDoklpvlPQEuQ-eLVtIWJfAxswIMatrpj9=
is6fqGC57fPmbJtx8_DlXjImUSlHsj9EYUqWzq3Lo2Q68pEeHZ9eaGCZyuls9ZoxN3pV1ApTtBF=
uCMzqaqCKdWdMdZfs86B06GJAnp1wDWHw-gKMU8cQ2tOprctuUCNDoNQ_Yu7dX6hnbkEaB-KjVR=
qwTPAIPY_3Eo6RYKL5qmVpq5bNA-0UH5RFOluxOke4ClBfJms1ETxRgJ5Rmi3OSr599VOL7w2vL=
TKzSTEtiMcQkGIW0GjseTG6J9b" target=3D"_blank" rel=3D"noopener noreferrer">e=
xplained</a> that Tesla raised this capital defensively due to uncertainty =
about Covid lockdowns in China that <a href=3D"https://links.coinbase.com/u=
/click?_t=3D3aca56371967418192255878e9689713&_m=3Dce7f28801a7f4fc1a971c529b=
e1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg5iBp-PYcQOy2sG3wPm2V4eUZBkHpGXDORjLwQK6F8=
bNCL0_HpPptLWUOrjG7uKVT5Ze-SUu-dGH2dhV7ElJ-99XuyIgTCJP4-TC8SlH4sVSjMmBAMkxo=
9u1GgDwBp_V0HJHtYrIQi8RI09QXWXGWR759rQqJc0lrr1Lp23IBioE7MDaBsZ7RWu2OgJP5ghP=
-h-8wis8kBlQUo6EA3MOCIoJZW5tgmKftn7Bza7LyJ_xn5sLfRw8bYhNdPP35Vun644zUeC2LT1=
eyQ9IniP60N1ov5vjoWTF1Vl40snbyfys-5XlqOr1CA_s-N3NcEDYe-5o6CYWPp2yIwf78Y0cih=
FQx5WaNVYlcGtnmmboHKxtJA6vxeFt40xCSeT5SElrZPTQ0Imt2aInQS7NTzHzpcgX8d8OrkUgB=
hROzaWrYDtiPtP6MA7KfCMNKf3kF_tBGKRt6WKG55G3IiVdbY9yAAcmxRur0Vlhpgm1AtWElxNo=
1czZyCLBPkRfz5uko46gOA%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer"=
>halted</a> manufacturing in Shanghai for three weeks. =E2=80=9CThis should=
 not be taken as some verdict on Bitcoin,=E2=80=9D Musk said. In 2021, Tesl=
a became one of the most visible institutional BTC buyers after purchasing =
<a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878=
e9689713&_m=3Dce7f28801a7f4fc1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg2h=
OqUI8H0bHspjvZLMArNRQioZ9L4BJYrLRGZaG_TrQi7POPIWXiL5F_lgzZLv7RD4x2gzu_rj1FQ=
evHJpdnnPffAzJJFI87-d3CxVZAZlnRwBht2bWwIKvuIn9aiNJ1rFZ33AOtuBT-x0JNL1oa5_vt=
UXuJPlqfd1GZS94uA7fT8B4ad2BkKrZKjf8fTvFJWCYYJtXdR7Df9RD_G8YmIot2lkkPYv0hGEW=
4QmJe1na86PQT-8-YihsvDZFkU5MjcqIIIlpInBOkgbq0Y3r9Xp5eWYs-bi0ZUQ9F0WAvsA1Xq8=
pjIJr9RxFKj0jjG5s1sJMhxl50LgxU3VDLQrjcjhe4v-arURJdmFg_IBhUECyL2Owe1LvCV8BdT=
-aI4VA4XwRtiq4pOUNHzw-jSEMhRrGIuV0mbaZcxu-E9NWuO9r" target=3D"_blank" rel=
=3D"noopener noreferrer">$1.5 billion</a> of the cryptocurrency.&nbsp;</li>=
 <li style=3D"margin: 0px; padding: 6px 0px;"><strong>Energy sources for Bi=
tcoin mining saw a Q2 improvement to 59.5% sustainability, according to the=
 </strong><a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637196741=
8192255878e9689713&_m=3Dce7f28801a7f4fc1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAi=
BTpcKhRg3WgVgzTLrOGUqReTxBvoj1LhGb6TLQKB_K8XoEJ_O5qUBHryNNPYy4H4VN7kVeA1KdW=
S5T45nU3-54w3hC6jMpHJE53LSn6g_vSQmHfdCgt6vamQuTTeZ972_n_Z-m6SyjQwRg5JJvVCO6=
WYnbdFgSR8SuuSPmmhW-jdLhIKTa8DbhSk9oF0uoTF9BSNA5uO1ARKRTX7vol6PozBBEvOfO_Hc=
ZrTQfLuWesCom1pDi9NS4UZa1oiqx8F2CSlmVcluiKH8HG32y_uRXYUDSWibdom6sISqkV0GN6S=
FiFEv9FVvm4b69xvlIJgGWtaAK6hBNd5NiEVxhtxUpiGFK1Pea8cDhPifRrGCr8yBm8NSblcRF9=
9SWlHBXA_uIMqk0e-QjZ3CAK5inZWMBBuz5oQgPUQWzPk0crByM0PFO7PAUbCFANHBUxIqPXetN=
97P1nLI8-tXZi7KNTCt6wUYSP_Og%3D" target=3D"_blank" rel=3D"noopener noreferr=
er"><strong>Bitcoin Mining Council</strong></a><strong>. </strong>The globa=
l forum of mining firms collected data from over 50% of the Bitcoin network=
 via a voluntary survey and found a 6% increase in sustainability from the =
previous year, and a 2% boost from the previous quarter. According to the r=
eport, Bitcoin mining makes up 0.15% of the global energy supply.</li> <li =
style=3D"margin: 0px; padding: 6px 0px;"><strong>Meanwhile, Bitcoin mining =
difficulty saw its largest drop in a year as miners turned off machines dur=
ing a U.S. heatwave. </strong>Mining difficulty refers to the amount of com=
puter power required to mine new BTC on the Bitcoin network&nbsp;=E2=80=94 =
the more miners/power plugged into the network, the higher the difficulty. =
Last Thursday saw a <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca=
56371967418192255878e9689713&_m=3Dce7f28801a7f4fc1a971c529be1bd30d&_e=3DuwU=
J0jHEx7nAiBTpcKhRg8JnOrqGo2YDOyEPQM6eHX2HEoUxpoxGnbvVZuokgQIvFlUc0FKNoeKpC_=
SbXrG862pdgawikWkWVU9VEgwCjkzBprTLBmmLqlmn6u7TRmDE9OtXrf8T78siMqd_6tsFWwo1J=
jCK_ZovoeaRnVUB4MQPAwsvbLPAJFDaW1ABSIQMnlNXVl-jdcNtNj094_RYmfQe1DQZPki3KriN=
_H1e2QmAxQt7oPtmKBtqXCYNSF7KU2sOa42qJtJMrAdZ2FJDARx-jXjCXk0k1RdpRaiP3pPfOrr=
piTp5nQxT5sPD1XyYohskOPEnAB__ygkeDWYEfbOUNP4hZEe1VzTvLB7OwFsxw6SJOyCge0XMkL=
bV3PpLHFcdwcAisPpTsruocNroEJm5e8k_TCVjh96dCTPwmMS_i1zrn5Lp1d_L8k1Bw4PzTcvpe=
myKdAziewAMS7fdqjvP4-GOAlJxUBP23fXnaKtxenL3taFAyqQNQpQoUBGVSYLi827-65f8-4dP=
--MR7g%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">5% drop</a> in =
difficulty as American miners likely turned off machines as electricity pri=
ces spiked during extreme heat, particularly in Texas. This was the third c=
onsecutive difficulty decrease since BTC prices crashed in June.</li> </ul>=
 <p style=3D"margin: 0px; padding: 0px;"></p> <p style=3D"margin: 16px 0px =
0px; line-height: 1.6; word-break: break-word;"><strong>Why it matters=E2=
=80=A6</strong> Since last week=E2=80=99s Tesla news, BTC has gradually she=
d about 10%, though it is still up roughly 20% since mid-June=E2=80=99s low=
s under $18,000. As analysts and retail investors alike try to <a href=3D"h=
ttps://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=
=3Dce7f28801a7f4fc1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg5iBp-PYcQOy2s=
G3wPm2V4eUZBkHpGXDORjLwQK6F8bNmwpVe-1igLY-v6FJJkoQaAwGrFIeMeFkxDGz6vHMEQ0LZ=
dAjK0gUJViP_STYAKPENVeVYLq_SoJZ5gfBcc3fxXxWbD4MV8JpAtjQQyRWFx7XqveNAXcfJlAj=
pE6SWYsQczIiWCY_CobRd19WTojwR6Os-jYPnIXggwLwQzHbVn2xDK5rwOc9Jq-Q4hq5MPrHmOW=
bME2Qdp9piLgtkg0DhS4PvJwFCoVQIELS9QjWRC8A9dK3mjSlndiepCXEx-f6l6WvM-IdmOYwqH=
jyJPf_SeU0pbEdro25Va7LPvxA4fNMXwt_Po2UZBux6TbbRKEjDVagR49nxfLOjHN8PuVYKDVo9=
yCZ6GmMtZIT_W2N_5zxOu4csvuVkrtXwOFa5LvESV-yOJ8AVWajd6ZAeuEmbPfwLPCXXt2VfLSN=
SV3pxnWymjnuapFgOl2p0FPlFylF2cCiFv506__h0EQ1Oj4ZXQ%3D%3D" target=3D"_blank"=
 rel=3D"noopener noreferrer">determine</a> if the market bottom is already =
in, diverging opinions have emerged. Galaxy Digital CEO Mike Novogratz rece=
ntly <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563719674181922=
55878e9689713&_m=3Dce7f28801a7f4fc1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcK=
hRg5iBp-PYcQOy2sG3wPm2V4eUZBkHpGXDORjLwQK6F8bNoK3jAm_0Yd9N96Oc4Yyg2EZFbbJD6=
PyKzrabRJFwWSOyzSzFGoeb1m11flAx_BMRFBrzVEgQpnyF0fhh06BE15Ut5bx8MzDCiONpbfSj=
glWRw75p-DdzVtEPYUJN2fD9bXva-RNwSjOaxFfo6cJCGthkmr-sB4FIXTKOv1W0ZzbIIad7WT-=
H_CV7muJZZeXqlmBLajpj7BizgJMpLcfSeYg2CojuZMnTN1sETtQk6IQ1mRtH-weu27XX6Qw1Di=
9MMmV_TH5B6OKSdI5kq454vJNQTfP7VmYdqx1CzpoGqlJxauOyvCKXxUpGFU2MhFQzydi6YXSZJ=
FHvtxWmYdeiHJA85CY6G7xRDwpAJAvrw_eirtE1oXeePyvMwIGYGC9B685RqT8B-sUB5Gr93zXH=
CSdwlpWQLCpC3wYcKZXjayatmjWUjBlF9VZxbsIXQ6HPEojPk6k-rllF0UEjUM3Ijw%3D%3D" t=
arget=3D"_blank" rel=3D"noopener noreferrer">said</a> the =E2=80=9Cworst is=
 over=E2=80=9D while analysts at blockchain analytics firm Glassnode <a hre=
f=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e96897=
13&_m=3Dce7f28801a7f4fc1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg5iBp-PYc=
QOy2sG3wPm2V4eUZBkHpGXDORjLwQK6F8bNmwpVe-1igLY-v6FJJkoQaAwGrFIeMeFkxDGz6vHM=
EQ0LZdAjK0gUJViP_STYAKPENVeVYLq_SoJZ5gfBcc3fxXxWbD4MV8JpAtjQQyRWFx7XqveNAXc=
fJlAjpE6SWYsQczIiWCY_CobRd19WTojwR6Os-jYPnIXggwLwQzHbVn2xDK5rwOc9Jq-Q4hq5MP=
rHRY9x7o-ZYtvfmUklVTJweJmG10iS2Afhv9MLoV6xK0eyUnTJsEufsFtI6QknkGgqNRCx9rxxK=
di35fdaqgeZH7vSSH1K3-3kX-FoLR5jJAf3pDqoCIQbTfhDbCU1qXCMRIexabsf5LnCCtlIAecU=
o24wIfzq6r2oQcF_I7-BZenT8NQoj-ZZwduCnIGatcEN05_sEKSUQFbtJqHdpB28PBZDGNFWmmx=
LyZve7TJiJo-oJcy1-R1b3w8RLdojqC6TrOUiiUB4KT1sgwt9ltPVqLqYFqIpThw5DrhPoOjXo3=
bO13E1jeWryCOJrBMhbtaNDeuPjuawWwtwbi2bE9KflYbl2YGOR3h2uHg4Y4FH-HNmVj-VN4Ces=
lzsR7g4QLDWtdMhl_eh8KaJGYT03NH-qkvz5EIFjy2uValzaz1f-NjAJD6_SMCC9GXEIdF0EEjb=
IPlt8_nolxCQOX0drVxhwa9XFkdgDq8rhnCot3UzG6UCsA3DKlOcu4jwSwR5fnt_2zW3DmuKWYL=
GoA9mkJ4im3DQuSDQxUPlQUCCGzM5GTvmXy04cqrOGL6eD46-kMf-dlGi1X_-uSWqq1Uugt9rlE=
OF73i1tsWkwxJI1QH9ntpbtkKRdTeEt-pyRAVA7HYfVW6gZX3YOjvvvFIE_ApGH0tPC_5L6t6xq=
kSuBtOHRgk%3D" target=3D"_blank" rel=3D"noopener noreferrer">note</a> the p=
ossibility that =E2=80=9Cfurther downside and/or consolidation time is requ=
ired to establish a bottom.=E2=80=9D While no one can say what will happen =
in the future, investors who have taken the long view with crypto have hist=
orically been rewarded. Looking for some tips? We have you covered:</p> <di=
v class=3D"cta_button" style=3D"margin: 24px 0px 0px; padding: 0px; width: =
50%;"><!--[if mso]><table width=3D"100%" cellpadding=3D"0" cellspacing=3D"0=
" border=3D"0" style=3D"border-spacing:0;border-collapse:collapse;mso-table=
-lspace:0pt;mso-table-rspace:0pt;"><tr><td style=3D"padding:0;" align=3D"le=
ft"> <v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=3D"urn:=
schemas-microsoft-com:office:word" href=3D"https://links.coinbase.com/a/cli=
ck?_t=3D3aca56371967418192255878e9689713&_m=3Dce7f28801a7f4fc1a971c529be1bd=
30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg-TTuJ2oSxNEiNnyuvnlLrdhMcnXbvWN_9tgxoIuwsygwi=
hHkCCh2baGoFKj91HC0n7v6-VdN3Vw7WIzfkvpq0pNqi_OnBCEBEu-_EKO4yFvL7UMrNZqQF_0Y=
BaC7UjF0Q7nAex7lKAgMmeIv-ZeBbatamV7TU1I5ULGSibC3EhaI2Nq4xP3DEdGLJGVxT1SKAt9=
dZKxhfZ64R8OTzKYTZK4d7g-AMEGh2IYMX6ttm2Lh0ii1zWOLmjlEYdMEjQU7UCa1ZS0y19ageQ=
Oxws387z2321-_W3s6bfHrFu7BmjPk885DbVnLiyQYS1GqoaDITn9WE4z65fEu0DrPi0ZYdzF_W=
VSzyy51P4bNRmE8mVix_fQ_R5ghHa0hVrIkVaZqRJFYJ2PkzkycFPD2x-_Mzrp9uH2YZcMD6ZuC=
mPjo3Ly1lJjbk41Iitc7VpIuF8dAhgN9u0jXWbbuYmfkBAup0oXiXZKeUfyrVCIij-h6SFh" st=
yle=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;"><![end=
if]--><a href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192=
255878e9689713&_m=3Dce7f28801a7f4fc1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpc=
KhRg-TTuJ2oSxNEiNnyuvnlLrdhMcnXbvWN_9tgxoIuwsygwihHkCCh2baGoFKj91HC0n7v6-Vd=
N3Vw7WIzfkvpq0pNqi_OnBCEBEu-_EKO4yFvL7UMrNZqQF_0YBaC7UjF0Q7nAex7lKAgMmeIv-Z=
eBbatamV7TU1I5ULGSibC3EhaI2Nq4xP3DEdGLJGVxT1SKAt9dZKxhfZ64R8OTzKYTZK4d7g-AM=
EGh2IYMX6ttm2Lh0ii1zWOLmjlEYdMEjQU7Tff3vxATuGcN_vewdBT2sCG0Kx_wAyKPvr6CjmA3=
kP-rl2du6OUynbiKR98f2pR9dwN2s9eZERaDwRwQeIb-ISFhmsRAIhg_KHkanhxtwwO3Vp8NWJJ=
6NPLpAMN_UKs-2VJ6xoRX40fgR8guUAtp2auq3SPKJxc5q7YCPyVGLMaTK0pxsacPq0RbisycaM=
2fRSf8QX4kLWeAIj-d6R_GabV9FA2boEylsG9WFWCQtKn" target=3D"_blank" rel=3D"noo=
pener noreferrer" style=3D"display: block; margin: 0px; line-height: 1.2; f=
ont-size: 16px; text-decoration: none; color: rgb(255, 255, 255); backgroun=
d-color: rgb(0, 82, 255); border-radius: 30px; text-align: center; padding:=
 18px 0px;"><strong>Learn to manage downturns</strong></a><!--[if mso]></ce=
nter></v:textbox></v:roundrect></td></tr></table><![endif]--></div> <table =
width=3D"100%" role=3D"presentation" valign=3D"top" style=3D"table-layout: =
fixed; vertical-align: top; border-spacing: 0px; border-collapse: collapse;=
 min-width: 100%; text-size-adjust: 100%;"> <tbody> <tr style=3D"vertical-a=
lign: top;"> <td valign=3D"top" style=3D"word-break: break-word; vertical-a=
lign: top; min-width: 100%; text-size-adjust: 100%; padding: 48px 0px;"><ta=
ble border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"100%" align=
=3D"center" role=3D"presentation" valign=3D"top" style=3D"table-layout: fix=
ed; vertical-align: top; border-spacing: 0px; border-collapse: collapse; bo=
rder-top: 2px solid rgb(222, 224, 226); width: 100%;"> <tbody> <tr style=3D=
"vertical-align: top;"> <td valign=3D"top" style=3D"word-break: break-word;=
 vertical-align: top; text-size-adjust: 100%;"><span></span></td> </tr> </t=
body> </table></td> </tr> </tbody> </table> <div> <table style=3D"margin: 0=
px; padding: 0px;"> <tbody> <tr> <td style=3D"margin: 0px; padding-right: 1=
1px; vertical-align: middle;"><img src=3D"https://d15k2d11r6t6rl.cloudfront=
.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5637=
1967418192255878e9689713/dot-1.5x.png" width=3D"12" height=3D"12" style=3D"=
display: block; width: 12px; height: 12px;"></td> <td style=3D"margin: 0px;=
 padding: 0px; vertical-align: middle;"><p style=3D"margin: 0px; font-size:=
 16px; letter-spacing: 0.075em;"><strong> RHYME TIME </strong></p></td> </t=
r> </tbody> </table> <p style=3D"margin: 5px 0px 0px; font-size: 32px; line=
-height: 1.26; word-break: break-word;"><strong>Ethereum=E2=80=99s Vitalik =
Buterin says after ETH=E2=80=99s merge you can expect the surge, verge, pur=
ge, and splurge</strong></p> </div> <p style=3D"margin: 16px 0px 0px; line-=
height: 1.6; word-break: break-word;">Last week, the entire crypto market r=
allied on the updated September timeline for Ethereum=E2=80=99s long-awaite=
d <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca563719674181922558=
78e9689713&_m=3Dce7f28801a7f4fc1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg=
-TTuJ2oSxNEiNnyuvnlLrfD-7eKMXPthVpYB0Mz7bqQEhdXJj4VQMsV-T6Wzs_yl-w4feNH_Kpa=
yiFuN7YEp6QakMaBs3bDKDyEpPkwxMH3OIYIHEoNqX4318iBfusJI_pUTcTQvNYYuoFfwepUxtu=
KlSPgOhfkl06CvrNWEF5f9bgdPfkEBur_loWrMepFWusQnPSqDaxNBJ3y6M6DxbfnDG5V64KNvo=
DS70kxF4m6JZzbQ07QjiKCFUx3fEJPohH0wn9zqTYkd-wxuQ5_YxP6F9jjVhHBmTHWVILwpYwnm=
Ru9Q0tpS8YHBbO0ZSFvPIEbAXalgOWoA0yg-G8pEtVS4URYQCj8R-gqRrTA3Kh1P0hAaGhauQT4=
3pf9oh_MMh-woMSojZvRA0eXjeH4qKF33j2liLnkRgbsVamf9a7a" target=3D"_blank" rel=
=3D"noopener noreferrer">merge upgrade</a>, which will see the blockchain m=
ove from energy-intensive <a href=3D"https://links.coinbase.com/a/click?_t=
=3D3aca56371967418192255878e9689713&_m=3Dce7f28801a7f4fc1a971c529be1bd30d&_=
e=3DuwUJ0jHEx7nAiBTpcKhRg-TTuJ2oSxNEiNnyuvnlLrfSrj7bVAp6D46JQV1Q01yLiHV9uHw=
rzAc-AqbwX_LOrJGiTFXZCfvUIsr4zzERg-pa5__xAUGxjNH1ymYINOtQ9-Y02NhC_RQDS3gZwv=
HMSSbJg9XfHsdOiJPLY4fI-GkLm4MZZ3ZwkIbVO_SiZCg9uCE-PVYR1o78Ns7Je6zSj3jq5heRi=
NFLsfb8Jpj2XiPYfZAtLTHhwFhul5D_SafzrcGRj66C-PAnPWSlNB3nKkLGLfXF2Ucrk8LSYY09=
BjGkKEB8njPNpsJsjDgTSallrkpoCgRpp7X54fRjFwljUU69676MxHFj-DoZpeoZlfj4HqH8Jar=
KTbqHDo6rm2da5OgTOpFfPrhg9vSzZZiwRyJF71SCP8X3hloWQFlur97y8A63bBOAofSjGUwsbL=
sEWu9fbZqY8sMR7s1CPMGyd0GPiZ3Avho-SbmsA8xJTnmyNsbNkH-2EOVgPDTBxUmQzVErw9MS9=
RwdINdRNY9nspSHRtgRKdhqKwBa7xVROE8kQYDqwqUUnByiksrKBqF97xKUpNLgfyoT_PEhiQ2F=
1g%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">proof-of-work</a> m=
ining to a more energy-efficient <a href=3D"https://links.coinbase.com/a/cl=
ick?_t=3D3aca56371967418192255878e9689713&_m=3Dce7f28801a7f4fc1a971c529be1b=
d30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg-TTuJ2oSxNEiNnyuvnlLrfSrj7bVAp6D46JQV1Q01yLi=
HV9uHwrzAc-AqbwX_LOrJGiTFXZCfvUIsr4zzERg-pa5__xAUGxjNH1ymYINOtQ9-Y02NhC_RQD=
S3gZwvHMSSbJg9XfHsdOiJPLY4fI-GkLm4MZZ3ZwkIbVO_SiZCg9uCE-PVYR1o78Ns7Je6zSj3j=
q5heRiNFLsfb8Jpj2XiMZUkuGwXtBKNzPMUI5yKQeVcmcFhtKqd21DSAsjtWHIyGPX4VKc5oIlC=
Lnz62G62CahVVjQZE7qVrKY07Sgboog4I3cIBrGxLLQeiTrVTDOn1Mo74agbckP2oxj2NHFMkx5=
lOohrSK24fTRwHkfaM1CRv9DptbA6HCZa8k2jtn4iJmBH2cACxOtvZLy3lB5dEUVks7aZow3wo4=
KUM0Iw4nk88ZjbXU5KfNj9J5aDAjoW2gl5BaBbpZyT4Fv9QjSm95zM-l-glSELATfyFDsXCDeu4=
JmlqdbcxTELQRbvLrPmR5pt39d5kgio2ldxBsRniT1l_prTXd7qkO7JxhB8ZZZkmjD7N4xTnDkQ=
3DDm-xNqrf9gm5U5baGM94GaRgWPs%3D" target=3D"_blank" rel=3D"noopener norefer=
rer">proof-of-stake</a> system. But the merge is only half the story =E2=80=
=94 55% to be exact =E2=80=94 according to ETH co-founder Vitalik Buterin, =
who <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637196741819225=
5878e9689713&_m=3Dce7f28801a7f4fc1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKh=
Rg3xGsfLpOo8Ika-uSKlsSJ0pv9a7ifrb2OWoM3C7d-QDuiMud7J0lE5viE5Lh8SuEshKooe85n=
_un6i-kGW2m9JFcGHVZ46P_LrUXK2irMD9a3GuGYJbbHQmv6xTj36A44FhEltPAjGBkPiKP9yDB=
H3DX_TgQ43cg6OKufPmV3jyFNsbQSugBHf8XLLI-rXMKo4Zs8KeqlDJJIbVGtWsYzHKTjEw9hno=
Zn2CW6qvbUa8UOHMxGTB1p3eHs_BR6AMn_YkiIaZnUqpxJrfjLj-cT-QT8b_pdhyzkbop9T1Xl2=
BqB1xQnZi7P-29AvucqJPrmcyAqrqNmz5YsPBeaiE_ViTc1GJpfsjw_TEE2jmwQ3v57APGSksd0=
NwfrLlVZIHnw%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">spoke</a>=
 about the future of the blockchain at the Ethereum Community Conference in=
 France last Thursday. Per Buterin (the Dr. Seuss of crypto?) Ethereum will=
 see subsequent, rhyming upgrades called the =E2=80=9Csurge,=E2=80=9D =E2=
=80=9Cverge,=E2=80=9D =E2=80=9Cpurge,=E2=80=9D and =E2=80=9Csplurge.=E2=80=
=9D Let=E2=80=99s take a quick look at the playfully named upgrades.</p> <p=
 style=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;">=
</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"margin: 0px; =
padding: 6px 0px;"><strong>The merge </strong>is Ethereum=E2=80=99s first m=
ajor upgrade, which will see the blockchain move to proof-of-stake validati=
on to verify transactions and unlock new ETH. The upgrade will =E2=80=9Cmer=
ge=E2=80=9D the current proof-of-work blockchain with a proof-of-stake bloc=
kchain called the <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56=
371967418192255878e9689713&_m=3Dce7f28801a7f4fc1a971c529be1bd30d&_e=3DuwUJ0=
jHEx7nAiBTpcKhRg2PqEdWiNq5e1K56s-37ObvEVID_8DRopBo1d_QwoVo6JErj_eJXOgWFb7BX=
d6wB_dF0c99bphvagAJKVY2KwCKq9rkBTG9PIrZn8umnnGnTmpRhDFMZ3ON5GOzziwg5Ke4DJNO=
pyTZDzgx5_By3yhj1Pt2Cn88OL20Ym7Ihk7wR9LenZh1hl4Ucfw7YwD5kgpk2wpQ3Z_CQ7Mm4z2=
kndTYIWsB5HVOdGwc719L8x_1LvFH8insqFDZxOwwskB4aIryEwqjirswyVwDBgIWVZZYi3EZXy=
6TDogltSUUFn9tH6VncfskVyqlMRG4-hezEU9-hKbc5PTbauN1ssC7ZxlHL1gRtw7mgm-XXIJsR=
Ta5E0tNftBjIZq2IWu5EVJimJkB2H-TIdWq_hLfGGf1kZRLc1uB-uUMX9w4UCOg5KYYN" targe=
t=3D"_blank" rel=3D"noopener noreferrer">Beacon Chain</a>, which has been r=
unning since 2020.</li> <li style=3D"margin: 0px; padding: 6px 0px;"><stron=
g>The surge </strong>will increase scalability and enable faster, cheaper t=
ransactions via a process called =E2=80=9C<a href=3D"https://links.coinbase=
.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dce7f28801a7f4fc1a97=
1c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg0cuad04-qXABQ37XAry70FCOKSFOREi3nE6=
iNM8towcL25w1Hz1PCl3mZQJGfiBCzIuGZaUCiiuTOMEGvvEzhV8eFoz7D1aUCfC_tZtHoF99El=
9Dyt4Tbk8eBLn2AOBk_y2RkLEn7nEM0r4bgMGnw_PZqBeIam9zSk8Rs5pHn390aQAN6UQVJyT8A=
xLv6Qq9_pCuRRHAHTC6Nocqjp5kdjEj1V2i_8P1kzDjNHzrdn-Hb9fZVfwwmZ6j6b9hTk_NRpAr=
tRAEeJLPomOPLMhLllR6vmqEaH4x2m4JoKjFfqPlEIGiNiJHUWjGAnjMp3Mh7zsZRLm6PLFjmLb=
OnQW6tcznPnE7_nNS4xhmfa4utSDMgQ3n67p6bMTYe9cOhaboA%3D%3D" target=3D"_blank"=
 rel=3D"noopener noreferrer">sharding</a>,=E2=80=9D which essentially divid=
es large pieces of data into smaller shards, making it even easier for <a h=
ref=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e968=
9713&_m=3Dce7f28801a7f4fc1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg6nuy-a=
qdiGFyMTXBpxEVxyc-JOBo6NB901LT5GUZ-WYvCfP73k2lMfdE81lgKhtCTdvvdVCsrqzMQ8aYQ=
wPwHQk_oAFAR8s7t-rVQVlO5tUHcBiH8zpwvTFf7_xmigCLwyTM1QTGe4eUqVlSww_8pVUn8F_z=
LLATo9uDsNwLR0VeYpdz15wE-BJe5Uj2WaqvdmtsvljMcwGIEgvhs3r4gz_r2z6eAqYEgqIf5xM=
7NdXWXXxBQfDZ8sGoj_CvSka0Hr8bqcIhdmqXFywV4pj5mgECAfSQUlMbMcL-Vd8LRPQiDkNNvF=
c8qfAzaZhWayO3t_bZUQ00qNF4lPiUVgAq38jcBgjGfdKbMjbPWoJM1Om2ZLRQh9Y-H2ZB65KJc=
55QflNh5W3tIEDpP4HzQKzj-zkk3E272QYONh_SnAj23YgOJUucseACB1THOWr6-yOvw%3D%3D"=
 target=3D"_blank" rel=3D"noopener noreferrer">layer-2 blockchains</a> (lik=
e <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca563719674181922558=
78e9689713&_m=3Dce7f28801a7f4fc1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg=
-TTuJ2oSxNEiNnyuvnlLrfSrj7bVAp6D46JQV1Q01yLUP4llFT6s_WuQfynHPUFNg0dnTAGmToG=
Wf-toIejDPU2XLyEsSKynQr4iBxR0uutLVlVWDD3pc8XY1FSgeSeIqIOlJ5qvsqBcZay7K2lm6x=
2aBVCO_kz-eHP3QkcNA7Flz8jj_BuK_zwb40GiinwMQTlxu-1HKJAnlF3VuNXDd-kIA6XBpKdC4=
jbFHcoZuxOC5KE5hgmFNQQpZPQbgOmjdK3NRF6UiKTRU45liJbpSs5xq18TR2Xby4ybptgHu7lg=
OMyQtgr27oTRkMk03ghYicmqczkfEmB9VhbmiUZhwNb8DDSjrvCW6l0cmt6Qu2-TgkD53KGvGf8=
Xy0sdrmMXD2UpW1P17YAtUrl5IBXUZ8%3D" target=3D"_blank" rel=3D"noopener noref=
errer">Polygon</a>) to operate more efficiently on top of the main Ethereum=
 blockchain. =E2=80=9CEthereum today can process 15 to 20 transactions per =
second,=E2=80=9D Buterin explained. With sharding, =E2=80=9Cit=E2=80=99s go=
ing to be able to process 100,000 transactions per second.=E2=80=9D</li> <l=
i style=3D"margin: 0px; padding: 6px 0px;"><strong>The verge </strong>refer=
s to <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563719674181922=
55878e9689713&_m=3Dce7f28801a7f4fc1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcK=
hRg6UgxXCJWQNvxQzbOwGOTGBCpHHiL2HueSzbVFs3drLciZsHchQp2BfgQMgHNd9tfaxfv4Myr=
HuweDS-flGv_MBXfCj0nYmcFKg033HrhlCpZpXIdbCVk-g7MWqoxSYorTjHSmZH1XKT0B4wxgdB=
4nloNRmxkvQVg83ELGuEwMUq5HqJFvJYbS6MzvUvp9bIOvNX5VXZ_4ywdmB0QJsdz326nUjEkj3=
pi1VNpN9GgvhulYal0GOH_gUBatH8LQSJzJl424ce1-fuVfBhUxE_lXez1QG96eIWl8QndfN3Er=
n1nkAou7GiFYWtNA_JKRpBmU5rmzOPfVntPXMapaEbrpn0eUtKzZR6Ho2zt5mgcgL5pnwCkIXcT=
_dZWeh52lJwDIwqNvdJTM_E_uIxvGZ2xKw%3D" target=3D"_blank" rel=3D"noopener no=
referrer">technical upgrades</a> that will allow users to become network va=
lidators =E2=80=94 computers responsible for verifying ETH transactions =E2=
=80=94 without having to store massive amounts of data, which is =E2=80=9Cg=
reat for decentralization,=E2=80=9D Buterin said.</li> <li style=3D"margin:=
 0px; padding: 6px 0px;"><strong>The purge </strong>is a phase that aims to=
 remove old network history to ease network bottlenecks and further reduce =
the amount of hard drive space required for validators.</li> <li style=3D"m=
argin: 0px; padding: 6px 0px;"><strong>The splurge </strong>includes final =
tweaks and fine tuning of previous steps that, according to Buterin, is the=
 =E2=80=9Cfun stuff that will make Ethereum into a much more powerful syste=
m.=E2=80=9D</li> </ul> <p style=3D"margin: 0px; padding: 0px;"></p> <p styl=
e=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;"><stro=
ng>Why it matters=E2=80=A6 </strong>Part of taking the long-view on crypto =
is recalling that Bitcoin is only 13 years old, while Ethereum is only seve=
n. During Buterin=E2=80=99s presentation he contended that while =E2=80=9CB=
itcoiners consider Bitcoin to be 80% complete =E2=80=A6 Ethereans consider =
Ethereum to be 40% complete.=E2=80=9D As the crypto market evolves alongsid=
e the underlying technology, it=E2=80=99s important to remember an oft-repe=
ated phrase from Crypto Twitter =E2=80=94 <a href=3D"https://links.coinbase=
.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dce7f28801a7f4fc1a97=
1c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg23oYlRtQzh_X2eOkit8TrXuEPcSPGGSg86L=
LhltYR-R3InXH9vpgZ0lq8HJa0hriEzAJ3mN3rmKPrwSX5zOs7wtqUzV-qDUz2HlXRUAjQd3s56=
PfdeiHeDFRyJmucSAYx-WSGnnqtcDw0C5OnEfhlJ0G8OyExOr7A0vO9Dbia6G-ps-vYTimBUfzx=
3t8aHqCe6fJDJqeYtDB3WXVpvRwOdX5n3ukrcpQXYS_98NapGDe2r8264M9RLEqljsY3pjhx-Zu=
nNgjHJ5EjggDsIiVHRVQvZUalBg3tvcVKueV_JRY4E6Pj39I6muIslZWxKRy1Ub2bnYZGw53TNH=
ZN494jEmybQDXuBfGC1eEa0-TKpnWRKUNr8VYE9rhczCAVk9IZMyfwZFtLBGB35bq0xzHCxqDGC=
pW7tCdWhfeqUTHpx8-pub0g731xYv44eIXN-unA%3D%3D" target=3D"_blank" rel=3D"noo=
pener noreferrer">we=E2=80=99re still early</a>.</p> <div class=3D"cta_butt=
on" 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" styl=
e=3D"border-spacing:0;border-collapse:collapse;mso-table-lspace:0pt;mso-tab=
le-rspace:0pt;"><tr><td style=3D"padding:0;" align=3D"left"> <v:roundrect x=
mlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=3D"urn:schemas-microsoft-c=
om:office:word" href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196=
7418192255878e9689713&_m=3Dce7f28801a7f4fc1a971c529be1bd30d&_e=3DuwUJ0jHEx7=
nAiBTpcKhRg-TTuJ2oSxNEiNnyuvnlLrfD-7eKMXPthVpYB0Mz7bqQEhdXJj4VQMsV-T6Wzs_yl=
0cbU3vtM3jL_rDQuSg8n9bspcjgZ-pWGpcd2rkyuhic-pcBtA7glDppE5Twzm6ChG8Po30OtbaG=
vd8gxjIU-9Zdg1F1H-GyE8THcA9n8hmBWF1SNnBavJd1Ym7ZRyAwXsOpJZrKpxbff9-MFu-aO5w=
2alS0Utj-W3ufD87ngJU6w8ZGBJpsjd1rlLdJj_oJ6hjshjr3JouwFefrZ_3FO2cclWJCqWG9AQ=
SygaXGb_SPC1sfqx8i4UAqrN6ESY-5KYplqcKuu--I3Xs3tr0H9q-1WWFW8wqU-RQ8MR0o1wRwH=
XyDttF2bNfSpsQYcZdvLqoHn_Odlblr1wf8E73guKeAaykqbOE8OmqeRTjLUa7p_vR7SyIBofIk=
4NQDVfr_Bg%3D%3D" style=3D"width:350pt;v-text-anchor:middle;" arcsize=3D"17=
%" stroke=3D"false" fillcolor=3D"#0052ff"> <w:anchorlock/><v:textbox inset=
=3D"0,0,0,0"><center style=3D"font-family: Helvetica Neue, Helvetica, Arial=
, sans-serif;"><![endif]--><a href=3D"https://links.coinbase.com/a/click?_t=
=3D3aca56371967418192255878e9689713&_m=3Dce7f28801a7f4fc1a971c529be1bd30d&_=
e=3DuwUJ0jHEx7nAiBTpcKhRg-TTuJ2oSxNEiNnyuvnlLrfD-7eKMXPthVpYB0Mz7bqQEhdXJj4=
VQMsV-T6Wzs_yl0cbU3vtM3jL_rDQuSg8n9bspcjgZ-pWGpcd2rkyuhic-pcBtA7glDppE5Twzm=
6ChG8Po30OtbaGvd8gxjIU-9Zdg1F1H-GyE8THcA9n8hmBWF1SNnBavJd1Ym7ZRyAwXsOpJZrKp=
xbff9-MFu-aO5w3iKULjbF3SdpYBREVXCiv4nBR-5g6oB6arUcYdNNWa1T9A9ho57fLxxVMVkyf=
hPI4wMYXwvxTWAf-pOyD4RshedF2ThblzzgQ9U4ew3v74-yEVmlXh1Y6PKqVAYAnW_QrGUuRmoa=
zz4DJO1G35QBPLBvyR5JDewon2lqZhRbYVK0226D6Zjz7m-HNSLs_c42lC3p1ajm-CNrPOJ1eK6=
NNd3aCl5XZgWV6nLPLqSdabw%3D%3D" target=3D"_blank" rel=3D"noopener noreferre=
r" 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;"><st=
rong>Learn about the merge</strong></a><!--[if mso]></center></v:textbox></=
v:roundrect></td></tr></table><![endif]--></div> <a href=3D"https://links.c=
oinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dce7f28801a7f=
4fc1a971c529be1bd30d&_e=3D5WpuU3zoiSymcWLEp3nRQSIV29VATBUEZeatvcPqaTuvm9j2S=
pJBb5n9ie_hOpcwt1-5HVuWRiYPAI4HED9C8RDbnjRSOZCEltx-4tKS9e82mdOoNGjFqsjrpyHs=
PCgXUAXQeleaUq_7orM1E5PMB20t8NDdjhLg3Tb1pElII73s5hrMW8AIbTsKCSKpKAng9W7S3kc=
inDuHYyOBGkCU5KIzyAg9KNcB_XLLmOcxwmSCFEpvZEYD89jdEkJpnm3RiHDKPCmzdwxzeW3TeR=
k_4IsiymPX9gSkXvMYS4sEfCKak5ph5IrBQSNLHKTcsE89EB_kUwi_KFYJN1eXbgpA5vXBzKhJ_=
eiqUj7yLeLMl4DD10RNH2az44dDs9GjDo7hmlQjHspyL7vXCXVlLOU1Cu4vmD08QSPoDoIk9pNx=
CwA%3D" target=3D"_blank" rel=3D"noopener noreferrer"><!--[if !mso]><!-- --=
><div class=3D"desktop_hide" style=3D"display: none; max-height: 0px; overf=
low: hidden;"><img src=3D"https://images.ctfassets.net/q5ulk4bp65r7/4teCjcL=
jem1niYca1gZAL2/7d35fb7498879e1bbb5eb8ec8946e948/coinbase_bytes_recurringbu=
ys_650x360px.jpg" width=3D"100%" style=3D"display: block; width: 100%; marg=
in: 64px 0px;"></div><!--<![endif]--> <div class=3D"mobile_hide"><img src=
=3D"https://images.ctfassets.net/q5ulk4bp65r7/5VsknV0vDAHtkTR76kCkdB/005d7f=
399fa55e57d50380f5ab05855d/coinbase_bytes_recurringbuys_1060x408px.jpg" wid=
th=3D"100%" style=3D"display: block; width: 100%; margin: 64px 0px;"></div>=
 </a> <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> THE META NARRATIVE </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>From Dubai to Tokyo to the cover of Time Magazine, the M=
etaverse is having a moment </strong></p> </div> <p style=3D"margin: 16px 0=
px 0px; line-height: 1.6; word-break: break-word;">=E2=80=9CThe Next Digita=
l Era Will Change Everything=E2=80=9D was the <a href=3D"https://links.coin=
base.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dce7f28801a7f4fc=
1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg0J9TiOh0ZRo3t1ndP6mRrEaL0bkr7aW=
A6DfO4YTtTWhSfpXJtfvZIbNRXmP22mMQDNvlfff0AFJFlyg2CaAp0QzbGI8AnN6Xkd_15bE1pI=
ZFismph75ZikQTai4q9W1iALsSHSTr4KU1JkPtk_DU7M5va7vhPq6u4biMzjDpv77VCsPurJ-m7=
HyqXPZftIjLBm8pXN3-3Pv1j9hkILJrFSaj8uZeH81PACBI5vNi4gB_ZzAq1PSdbdVNI-tfQdlN=
XqxqPJZZcUNbdVvwBXEyBYUobQm3tUQ-to4Vl0UzWf_Iat902mtS3bLW-pnZoET4alJnPyFcpnC=
NA4nqsOYQD6BmhjSjATOfI7v7C9t9uyUF_mQuIoBZgukStQWmYjRv5ZLt3ADOpKdrcj_2N0eQh8=
%3D" target=3D"_blank" rel=3D"noopener noreferrer">headline</a> atop a rece=
nt issue of Time magazine that featured a deep dive =E2=80=9Cinto the metav=
erse=E2=80=9D from Matthew Ball, a venture capitalist and author of a new b=
ook about the buzzword that refers to our theoretical, all-encompassing dig=
ital future. But this moment of mainstream recognition wasn=E2=80=99t the o=
nly notable metaverse development in recent weeks. Here=E2=80=99s a quick r=
oundup.</p> <!--[if mso]><ul style=3D"line-height:1.6;mso-line-height-alt:2=
6px;"><![endif]--><!--[if !mso]><!-- --><ul style=3D"margin: 10px 0px 0px; =
padding-left: 24px; line-height: 1.6;"><!--<![endif]--> <li style=3D"margin=
: 0px; padding: 6px 0px;"><strong>The Crown Prince of Dubai, Sheikh Hamdan =
bin Mohammed, unveiled the emirate=E2=80=99s =E2=80=9CMetaverse Strategy=E2=
=80=9D</strong> in a series of tweets last week. Sheikh Hamdan=E2=80=99s <a=
 href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9=
689713&_m=3Dce7f28801a7f4fc1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRgxnCQ=
t3Cn0289Ofi7Zs7c2iwds6jk_2NkoVVb0UrTeyO2Cie7DTCbb32K8P0oewgKatX6AwWgUGA8G58=
O7pixlvzP7yVPqh5QxU4hAC5p1uzhei8dsDr0aap0lFD6iPLdCn7xAp6n4z-Mh5wmL5hjZhxy0Z=
ZfgNhH2lKYBcT5F5yarArMcBBfs2tgItztMbhYV9jbjjr_1bwbE3oGO3iITatcCiUVF3H3PFeza=
ZB6kQXc73DwpUlKdfvdFUoQ06kXizO8iHT7VPim7fJiqESDODktqn5jiI-v1ZtCGyR0vlmDoLEk=
W09byF6nFBvD737AMtRwVd_WiAbk-9P_k9S6iiA864PKtBrFJYA6sUXoBVCRK-svrncZyP7VCid=
-7UCVksJMduVFCd6ebhpyq4CkX_t9x7AdZxeEiXQxNKGLQKC" target=3D"_blank" rel=3D"=
noopener noreferrer">plan</a> for the metaverse economy in Dubai over the n=
ext five years consists of quintupling the number of metaverse and blockcha=
in companies, supporting 40,000 additional virtual jobs, and adding $4 bill=
ion to the economy, with the ultimate goal of entering the world=E2=80=99s =
top 10 metaverse economies and becoming =E2=80=9Ca global frontrunner in ad=
opting digital solutions.=E2=80=9D&nbsp;</li> <li style=3D"margin: 0px; pad=
ding: 6px 0px;"><strong>A number of leading web3 brands have come together =
to establish the =E2=80=9COpen Metaverse Alliance for Web3,=E2=80=9D </stro=
ng>with the goal of creating a set of standards that will enable the indust=
ry to address the challenges of interoperability and build a metaverse wher=
e individual platforms are interconnected, open, and decentralized. OMA3, w=
hich will operate as a DAO, follows the founding last month of the <a href=
=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e968971=
3&_m=3Dce7f28801a7f4fc1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg-PVPfgy64=
bQ7Kh5RX1b7pvSaZPgRKikn5R13GvoEnjA95DGAiISdA_Zh5ceQVYHNmY_CLW34WE4YTuuixynn=
kcb82IvklhcPVLOX-ow9S1T8sI08WEKeOb8gpbqsEUItkPvrlAMYBXdvtUE2na21o7Ayy9Ha_Kt=
RNeNFdPdRspzfoH5I7x4uZyVsdWtYn8XN3iQJQ9euoboceuJtLQ6DqPOZ3e22IWE4pyah6b6Hde=
UAQYtVUIUu0XZyq_nIBa1KwiFbd_s3K03QGc2MQMEEpsfQT92lFjHdjYdZdZYsbmu4_gJ1wOxCS=
UCc5CTxbNw0uCQ9jAyzO5bWGcwABQntKJh8h0q2VcTV1esgp6L8Y0uO77dqWRib1lg-UduZjKm9=
Oe_xCx1rdArBoQpy4NDUUky1aZcIFiIarjD6BClyf5syxxkxuhjH74gNMtlTEfMZbVDEj9wyBmo=
WICeGLnOLV8wxNLUEr0hN0ZDfkJm0aGlUQ-vLvh6-27JVgD8iqfcUQUP-iSfOdWXKCObEsJ4s3w=
%3D" target=3D"_blank" rel=3D"noopener noreferrer">Metaverse Standards Foru=
m</a>, a group formed by tech giants such as Meta (formerly Facebook), Micr=
osoft, and Sony.&nbsp;</li> <li style=3D"margin: 0px; padding: 6px 0px;"><s=
trong>The University of Pennsylvania=E2=80=99s Wharton, a leading U.S. busi=
ness school, </strong><a href=3D"https://links.coinbase.com/u/click?_t=3D3a=
ca56371967418192255878e9689713&_m=3Dce7f28801a7f4fc1a971c529be1bd30d&_e=3Du=
wUJ0jHEx7nAiBTpcKhRg5haZJpdImE_LDOc5z0GlYVp3Vi33ClSUyLCI6qbv3b4hFO-xEauYRvv=
VrE0jiilwaYHXVMKXKZHuprN5S6xycpSgLUeZikmvROB1BP8snwC_EJBzwq--khG6tTocTCeKjm=
G2Nv5T4So728KO4BOJimoq8FezlH2IKPoFXk9tkYA3wBhFMlH47XaqoGzqqpESLBFyPS77dkDrp=
Zug4TnG4B2R5BEdG5hFkXMdO4XLGHkuqh0LIfuqKdDfhU2_JUMStLVNxosPGBcfehjOcJ4oz_fo=
wz6_FvIqV_qROMcuI-SjUValNaN2xJgycwCRxuZkoR4jEXjLtSYAMSeKNadN56kgl8dW-tfe15k=
iw0d_vcduWPEuO0Pq9EI0_GxiKI_kUusOODBTCpg6n5-Ail-Ua537DsffUcL7dHKnkh9FAAipt2=
AX-J75-psUNBnjNfI0Vrzapuy3PF8r00ThuQppT6PXg9Y6vDNr2ADLENz-gX_tF6nfRDOtXbGT4=
wiwyHBbA%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer"><strong>annou=
nced</strong></a><strong> it=E2=80=99s launching an online course called =
=E2=80=9CBusiness in the Metaverse Economy,=E2=80=9D</strong> which it says=
 is the first program focused on the metaverse from an Ivy League instituti=
on. Meanwhile in Japan, the University of Tokyo will soon begin offering co=
urses on the fundamentals of the metaverse that will be conducted in, appro=
priately, the metaverse. The courses are aimed at addressing a =E2=80=9Csho=
rtage of personnel skilled to handle digital transformation,=E2=80=9D <a hr=
ef=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689=
713&_m=3Dce7f28801a7f4fc1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg58ZtQhj=
R_NVlEQq4HAZ7jsyLRScANJnRPT2_ih9F8LbMJN_NnB7QsdVMoTtzsDfqoiiSi1yUAW14znnAC8=
033up4RCEZoRvLKJOKS_plUio05hQzO8thk6-exde-6VOhFaGJdrHsXLsEi4N5RIWjF2D4VFzZd=
DpG6-S1AaDUIY7UmiHE_KquXLd0GGNmv3rQ8rgP1v_fPAWvGtiPq3_3vyxdOZKvS3BHlfzVRGpg=
Z5d5fdta5MN9Ia8891_u9jvQ1WRxBIwHsIjDX7Y1L0yqyzu-B5F6HQ0vAmXrLiE5nyVTNXYqQ2c=
uUcxehiVUFOZPX4ODzDa3iFze98kV7zpluJMLT50r9vHjF4rV0bs0RhULh91HgFKMqXd80zdB5e=
5Kw%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">according</a> to n=
ewspaper Asahi Shimbun.&nbsp;</li> </ul> <p style=3D"margin: 0px; padding: =
0px;"></p> <p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: =
break-word;"><strong>Why it matters=E2=80=A6 </strong>While the metaverse m=
ay indeed =E2=80=9Cchange everything,=E2=80=9D it is still in its infancy, =
and the nascent industry, along with the broader web3 space, will require s=
ignificant investment, collaboration, and user adoption in order to displac=
e the centralized web2 era and reframe ideas around individual ownership ac=
ross the internet. This week=E2=80=99s headlines illustrate how this work i=
s moving forward, and even Time magazine can=E2=80=99t help but take notice=
.&nbsp;</p> <div class=3D"cta_button" style=3D"margin: 24px 0px 0px; paddin=
g: 0px; width: 50%;"><!--[if mso]><table width=3D"100%" cellpadding=3D"0" c=
ellspacing=3D"0" border=3D"0" style=3D"border-spacing:0;border-collapse:col=
lapse;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.coi=
nbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dce7f28801a7f4f=
c1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg-TTuJ2oSxNEiNnyuvnlLrfSrj7bVAp=
6D46JQV1Q01yLNApmViHQy3Kxt_PELdQqCcljtbrX7bbRdeLf_QVS8Xncus2pvNJMLAz3v1Xorr=
4Fb7foQWAQBHgoFKeXlkmd93Kc9pz1H19IB8erjjvCO22c6n3Y_L0n2OO8hK-4gmYMpUnlYv-6T=
hSSApIkMFuMSgMtFEfY6mq7QsGtmRImcFe-WQYPVcPj9Fq0Mwhjf8I87AdAmrcMekcLYGgjDUvO=
HuP3QTKuzgWhxinLtowauM4fYKHhaV3rcdLJAxCsmJ1u_4esWWtP2v7pBKUAFYT9DWOU7FgZGE5=
T8lK2ByK5DQHnPBqen_vxRhHQS8if63hWyS7gTjNqkg2lWTLoZeXue-nSOBC8GDEBpFlGD_sMAL=
Veg5xkxWSqkYZ_uLOhRFg6WxAq4aA5F0ENh47V5STHGg%3D%3D" style=3D"width:350pt;v-=
text-anchor:middle;" arcsize=3D"17%" stroke=3D"false" fillcolor=3D"#0052ff"=
> <w:anchorlock/><v:textbox inset=3D"0,0,0,0"><center style=3D"font-family:=
 Helvetica Neue, Helvetica, Arial, sans-serif;"><![endif]--><a href=3D"http=
s://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dc=
e7f28801a7f4fc1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg-TTuJ2oSxNEiNnyuv=
nlLrfSrj7bVAp6D46JQV1Q01yLNApmViHQy3Kxt_PELdQqCcljtbrX7bbRdeLf_QVS8Xncus2pv=
NJMLAz3v1Xorr4Fb7foQWAQBHgoFKeXlkmd93Kc9pz1H19IB8erjjvCO22c6n3Y_L0n2OO8hK-4=
gmYMpUnlYv-6ThSSApIkMFuMSgMtFEfY6mq7QsGtmRImcFdSKJ2f9gu8oBaz7nAG0Pc6HnzUDij=
2iJcT5u6U8pYpxCGGxo4Ncmi8pXOkyovg8aCnMuq90rQuBa9y2W-yojY5r6yOaKiAZIutSBBJyF=
nXOh6umDMq33m5qmcIqEtFbqGn1x_jkhFGEx_3xHUjGY-ZFtMRlloPBdlo4CYDRtQseWVaGC0Mu=
jysiZnMvvk5Xb5rxBYAC_XUdg96PGdH5IR7TfcLWGzV8H3eKHeuHVe4Sg%3D%3D" target=3D"=
_blank" rel=3D"noopener noreferrer" style=3D"display: block; margin: 0px; l=
ine-height: 1.2; font-size: 16px; text-decoration: none; color: rgb(255, 25=
5, 255); background-color: rgb(0, 82, 255); border-radius: 30px; text-align=
: center; padding: 18px 0px;"><strong>Read about the metaverse</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-c=
ollapse: collapse; min-width: 100%; text-size-adjust: 100%;"> <tbody> <tr s=
tyle=3D"vertical-align: top;"> <td valign=3D"top" style=3D"word-break: brea=
k-word; vertical-align: top; min-width: 100%; text-size-adjust: 100%; paddi=
ng: 48px 0px;"><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" widt=
h=3D"100%" align=3D"center" role=3D"presentation" valign=3D"top" style=3D"t=
able-layout: fixed; vertical-align: top; border-spacing: 0px; border-collap=
se: collapse; border-top: 2px solid rgb(222, 224, 226); width: 100%;"> <tbo=
dy> <tr style=3D"vertical-align: top;"> <td valign=3D"top" style=3D"word-br=
eak: break-word; vertical-align: top; text-size-adjust: 100%;"><span></span=
></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <div style=3D"m=
argin-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/Integrator=
s/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/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-alig=
n: middle;"><p style=3D"margin: 0px; font-size: 16px; letter-spacing: 0.075=
em;"><strong> NUMBERS TO KNOW </strong></p></td> </tr> </tbody> </table> </=
div> <p style=3D"margin: 16px 0px 0px; font-size: 32px;"><strong>1 billion<=
/strong></p> <p style=3D"margin: 4px 0px 0px; line-height: 1.6; word-break:=
 break-word;">The total number of crypto holders by 2030, if current adopti=
on trends continue, according to a new joint <a href=3D"https://links.coinb=
ase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dce7f28801a7f4fc1=
a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg2tu1vnbNsxMPt-MNeCGSIJKp7koHTloB=
Xc_CUkqoDIbs3b_zd6Eue13rFuV0YlE5iXzIapMnac1O0MhXzZRB7RJZoVkyFgl3SD4POi9JGaE=
awTz9fJpuWRs8ddLC73BbFhCX3HYpudRMsjrvdJPUuvJzdL1IRbTAYtW4DtS48bu_HaCELrf3HB=
U4tqfhHvZbRHPvahwGYS4LlofEqTHOXCq-c5yYL1LGp-SqTu_rTR9WibNXYO77jnjmIYF00LQLl=
3-_GbWs4_LjXSEHsry4Lj8O4mm8oH1IebHXndp0UCBLbbv9TwyOhn_rVdsHRJxbDIekwqsBSSEF=
nBKt5i4XmDCJFBZlWDJr6pHpdh0pPv5ze6Bk5_X7AXXmLLruN0eXGvHrG0Tajq7Kh-h0pVchdNh=
fqlsv8abB9onNZcUvdMpKQASq904p2LEL9kXHSDZ13-vqX1dawdRpwrQohBxLN20RHGDwe6hZ8B=
Cw8AZ5Hd4Zmn6VvWcQxMkIgcvQGSHdMkpguW-x3gUYn5KBPQKjnh0Trm4VpiVAopBR4OAp9AwRx=
04cOGBi9iFkD8ZfrQM-_RxfkTj5ea0Xq4NqDjzo1o%3D" target=3D"_blank" rel=3D"noop=
ener noreferrer">report</a> on the future of crypto exchanges from Boston C=
onsulting Group, Bitget, and Foresight Ventures.&nbsp;</p> <p style=3D"marg=
in: 16px 0px 0px; font-size: 32px;"><strong>$150,000</strong></p> <p style=
=3D"margin: 4px 0px 0px; line-height: 1.6; word-break: break-word;">The amo=
unt an NFT trader accidentally spent after he forgot to cancel a bid he pla=
ced for the ETH name =E2=80=9Cstop-doing-fake-bids-its-honestly-lame-my-guy=
.eth=E2=80=9D as part of an elaborate <a href=3D"https://links.coinbase.com=
/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dce7f28801a7f4fc1a971c52=
9be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg8ZDYYcAQNJRJEu7aqBXVQzNytC-Wvvh9tiX3GwL=
CmGepGJM72_10zgUQklLYoH5wMSEgg8g7mMBfjA09QQ7TDHK5LBw4MuAwwn7GP3uh_64XOApPar=
02Al_ItnPWAM4HbFdX9dIDwQGb-Bl_vpV4BrN8CcX-x3f9PG7rIonsC845U-zZeAwViGWtBqqWM=
sKsamFJfvtIytbUbJ3xLt80pWaqFM0SjSCNwTqke-tAdGs_szjdGgiNnD12YgUBtd396GmVF9ql=
Baril8kUF_4S2i_u7dajHDQqeNim1rEcMID8AgBS40jKsACXSADLfSKqxw89nNUZJL-rEh9pZBC=
splisx9GfFEI-yv6kEVxVeOMX44Ida_AR1gc24e491nPFqLzgH5zxZSUJiMl7oDaNpccqyqtF49=
HZ84LElJEu_Bi" target=3D"_blank" rel=3D"noopener noreferrer">joke</a>.&nbsp=
;</p> <p style=3D"margin: 16px 0px 0px; font-size: 32px;"><strong>8 months<=
/strong></p> <p style=3D"margin: 4px 0px 0px; line-height: 1.6; word-break:=
 break-word;">That=E2=80=99s how much longer the current crypto bear market=
 could last, according to new <a href=3D"https://links.coinbase.com/u/click=
?_t=3D3aca56371967418192255878e9689713&_m=3Dce7f28801a7f4fc1a971c529be1bd30=
d&_e=3DuwUJ0jHEx7nAiBTpcKhRgxzeDbC5RqRF7Qvck2JyJLStQu3yk4YRxkn3NFDyN0wy4DDt=
CdqHbURvKWKs7VTmMTK-8qUK90Um9Cj3n5yfufGiFdEnBPcGpITs3qnpfL_bWKC_hCNvYPPyDNl=
lfPj7wWrfjKkyzw5tbyq631RWa4G9D0LPOUND5wmCwgpb5KWMnLoE0OcJX-_KwYaS34RRaBxMSM=
zm5rS9gHzRsCiR2aMgIcm8zO-qw3ldG8sXHkY_0iwhnX64TDxk9gr4D-wpS8CPaCm_xF6nl-nxU=
IDioMk9onfa-jcAfP4XkMBlpx6eZpyXWM3TQZLCHGbSuFMqQQtD5Y5DVmyEpLkcmQrbJuRBEM97=
scztfMgXriqLwwuOzzrJqUMRb0uGfwfrfR0wgXgV4Q_UvwnRS8dFFB8azP9tog1XwMcD-LxjAUM=
kv5pK2IShOmBQYHg0DzAqw6AiZIl4P9qgbHtZYI9OxVhO6pjtM7RR-Vf0nHAgmd_DNCTv0F2Dyn=
3ZA6AjjcGtaKY0fMu3uwKaYgCYqb-14qVJClsZxMV2_OqismuaPRXPdY7liFsMEeY0R-pRe1Am0=
Q0fO097IcjV_XAK3_EqtGKk-YA%3D" target=3D"_blank" rel=3D"noopener noreferrer=
">research</a> from digital asset manager, <a href=3D"https://links.coinbas=
e.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dce7f28801a7f4fc1a9=
71c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg-TTuJ2oSxNEiNnyuvnlLrfSrj7bVAp6D46=
JQV1Q01yLIcSX7dun3qixAG_OvbXnu3lR7CkPnCPd54PQTBa5U-fcjHVDEjojSd5dh6eNmc_5az=
zEVBy3hYaXkS6NGs6kBvYZwPxEuoWANYEfU04SH4WQB5bJ2SeiIeh2VoeQ4Nfrd4cgdKLrxz4aY=
mvBJEUNvi-7_AIt5erj7wduUn0aZM-ATt35tEiObwiHiVAGg0HBAcbPITfHx-XEC7-IDOIngKoH=
gA5XkGiIHPt0U2LCMutO0eXakngq73qfe2HgH1ebEUfFxo1s7L4Xq7ynoo6u5kZCUNteHU98mFm=
689AYyaqIhDfulQ0rkXzjOVfnDF5GBuR9OrivvYP1p4DvcmLqACuaz6Y7QKydo9h7jaPf8czOSN=
ycUUgXavtJeS9zC2Js" target=3D"_blank" rel=3D"noopener noreferrer">Grayscale=
 Investments</a>.&nbsp;</p> <div class=3D"cta_button" style=3D"margin: 24px=
 0px 0px; padding: 0px; width: 50%;"><!--[if mso]><table width=3D"100%" cel=
lpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"border-spacing:0;bor=
der-collapse:collapse;mso-table-lspace:0pt;mso-table-rspace:0pt;"><tr><td s=
tyle=3D"padding:0;" align=3D"left"> <v:roundrect xmlns:v=3D"urn:schemas-mic=
rosoft-com:vml" xmlns:w=3D"urn:schemas-microsoft-com:office:word" href=3D"h=
ttps://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=
=3Dce7f28801a7f4fc1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg-TTuJ2oSxNEiN=
nyuvnlLrfSrj7bVAp6D46JQV1Q01yLrmgQ01latZiYURHl2ar2huuKnoKFQ5bIWH0n07wncPH-y=
302lR94zI2W_5rZNN3nJUgDF-yyLnN99AzxC7uTZOHufpR2nUHZEHno7RfglR6UBo058gRXMLeR=
W1GjzKYP1YKc6iqLAGxs0zfn-kdkIoduaYjr_Lbq8cCGZXZGiGp0WOvgMuaRK6kBFIgy8KzaFHT=
9oDj3ooXS4dBR8M-DAVShrsafGZCqwz4VOMCLFpl9XlPD94txL9tQDIB0UPxTj0UHUUQdpfodLH=
LhURahHX0Jy8Jt6Xna1SfGU9qg-1_YkWlns-rWN_kUwb0VZz8hLqwLNvzf3mNvMEfaw0NPT0VJ6=
sT2SFD2hTAe6wB71KlKxN3yGrC1wJH0mqwaMA-t85oVWrVQeftfU7ZXCIoPJbvIXnriEbIvjHWi=
xitL088%3D" style=3D"width:350pt;v-text-anchor:middle;" arcsize=3D"17%" str=
oke=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=3D3aca=
56371967418192255878e9689713&_m=3Dce7f28801a7f4fc1a971c529be1bd30d&_e=3DuwU=
J0jHEx7nAiBTpcKhRg-TTuJ2oSxNEiNnyuvnlLrfSrj7bVAp6D46JQV1Q01yLrmgQ01latZiYUR=
Hl2ar2huuKnoKFQ5bIWH0n07wncPH-y302lR94zI2W_5rZNN3nJUgDF-yyLnN99AzxC7uTZOHuf=
pR2nUHZEHno7RfglR6UBo058gRXMLeRW1GjzKYP1YKc6iqLAGxs0zfn-kdkIoduaYjr_Lbq8cCG=
ZXZGiGqzeG-3XERWLaKjczi6Ld3OmPvFen9jPrJw9YcgtydmaQQE_BnDtwe-sLVXqD6RN5Hnr2U=
r1EWK1FzHrCJjdSRJQGHfVPp1JgqpF5XCKV5j04yi9HM0QsMYfZJbfVdEuCbtM6_LfDUj5xDs-B=
IxtmkBc3gSeABgTaLaw_xrGSNpMjsixYj95ovMYVWqEmq7nRxsniySYV-dgn6SqQQrhWtxyhHBk=
cnF5MjFCk_zEYgx0egcEocOII14CYH8tgdt6hg%3D" target=3D"_blank" rel=3D"noopene=
r noreferrer" style=3D"display: block; margin: 0px; line-height: 1.2; font-=
size: 16px; text-decoration: none; color: rgb(255, 255, 255); background-co=
lor: rgb(0, 82, 255); border-radius: 30px; text-align: center; padding: 18p=
x 0px;"><strong>Learn about bear markets</strong></a><!--[if mso]></center>=
</v:textbox></v:roundrect></td></tr></table><![endif]--></div> <table width=
=3D"100%" role=3D"presentation" valign=3D"top" style=3D"table-layout: fixed=
; vertical-align: top; border-spacing: 0px; border-collapse: collapse; min-=
width: 100%; text-size-adjust: 100%;"> <tbody> <tr style=3D"vertical-align:=
 top;"> <td valign=3D"top" style=3D"word-break: break-word; vertical-align:=
 top; min-width: 100%; text-size-adjust: 100%; padding: 48px 0px;"><table b=
order=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"100%" align=3D"cen=
ter" role=3D"presentation" valign=3D"top" style=3D"table-layout: fixed; ver=
tical-align: top; border-spacing: 0px; border-collapse: collapse; border-to=
p: 2px solid rgb(222, 224, 226); width: 100%;"> <tbody> <tr style=3D"vertic=
al-align: top;"> <td valign=3D"top" style=3D"word-break: break-word; vertic=
al-align: top; text-size-adjust: 100%;"><span></span></td> </tr> </tbody> <=
/table></td> </tr> </tbody> </table> <div> <table style=3D"margin: 0px; pad=
ding: 0px;"> <tbody> <tr> <td style=3D"margin: 0px; padding-right: 11px; ve=
rtical-align: middle;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/pu=
blic/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418=
192255878e9689713/dot-1.5x.png" width=3D"12" height=3D"12" style=3D"display=
: block; width: 12px; height: 12px;"></td> <td style=3D"margin: 0px; paddin=
g: 0px; vertical-align: middle;"><p style=3D"margin: 0px; font-size: 16px; =
letter-spacing: 0.075em;"><strong> TUNE IN </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>The Degen Trilogy and the NFT-powered=
 future of filmmaking</strong></p> </div> <p style=3D"margin: 16px 0px 0px;=
 line-height: 1.6; word-break: break-word;">A question for all the cinephil=
es out there =E2=80=94 what would it look like to make a blockbuster for th=
e blockchain era? This week, Coinbase is teasing the answer to that questio=
n with part one of <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5=
6371967418192255878e9689713&_m=3Dce7f28801a7f4fc1a971c529be1bd30d&_e=3DuwUJ=
0jHEx7nAiBTpcKhRg3xGsfLpOo8Ika-uSKlsSJ0o_zUKLhtj_fnoONA1GgQljOz358vByhv_8xs=
vYn3m7NV8G-3KLAdiMnBh_VtHH1d5WJhXQBB-yfNmswjx6gvu9mEuUWHXHRkK78YSgjNeX0R-G_=
2TYSHtSzb0ibRZQrwP9iRgUp0L7_Hmqk-M-8N_4bBKMa877IGIs5YPTqMxkmuq0KEFk0yJVOux4=
a5vFspYC1bEh0FnAgJmbuBPVr1__OiB06Nxuuh3Z4lkuGvojkAnqAOLV7npIFQdy0OCL6uwHPkU=
cR1wyF7ZmrbYiGCKesfV0uz2ZbPpIoHYl16Hzg-6kKq50OX7rj1Ce07vuTJssxQWiPbEQCPeXD3=
Kr01xr6jgdqCQSmQNqROZCt0b_Q%3D%3D" target=3D"_blank" rel=3D"noopener norefe=
rrer">The Degen Trilogy</a>, an interactive short film series that combines=
 NFT technology with the collective ethos of the NFT community. After hosti=
ng a casting call for Bored Ape Yacht Club owners, seven NFTs were cast in =
the web3 action adventure, each with <a href=3D"https://links.coinbase.com/=
a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dce7f28801a7f4fc1a971c529=
be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg-TTuJ2oSxNEiNnyuvnlLrfSrj7bVAp6D46JQV1Q0=
1yLGbXeOeH_zntTVEnfQMbEcxx1TxUhWdYvZvd8prl7kM2lZxswqU_mhCMH-CsTpCEMxGOPJCQt=
Q-BCAiX-HU5FhO3eoi7A6TvibBzt_FF1FSrX48jdwJTkNjcCTaAcbacScT4cOD_6kb9rhAFAthP=
W-Lry3Ga-zySr0wW9dtI0HXMsqzo72SJ1j62Mi0SB1g8MMJAOl4FxUDQzuibF7eWAa3cTtkhOMY=
h4M3G7MLYBXobcMT63diEo0-C7n6rkTwO0kX97jBfd3cVUcuSnkt2JSmuFTAMPJUjZTc5vYyZM8=
1L82IsVTOvBiDYA5VRvT_GH3HqkgV-jacpjQt0cumwswImHU1tZEB10OWgMby841LgavFwy2Dq7=
nhyLK9m8lksd" target=3D"_blank" rel=3D"noopener noreferrer">smart-contract<=
/a> enabled licensing. For the first time ever, NFT owners get to participa=
te in and benefit from the on-screen action. And this is just the start.</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/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dce7f28801a7f4fc1a971c=
529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg7RE6Y9NBOfOqSuV6hfD9j-LtMw7fGG9_dvVBI=
aAV6jPvTf8r241VLxH-fr4vCqfg1TUKTXHvb5BHAypU0IrmNK4ZLDvL4f7TSZpIsv8koS38ENrD=
nR2nwjFwmVruUt9H4ouK01cw1_hHyvE3p2_Ls84bD-UVE7dw3xkPTeLE_89l6fL9K13Mu4lpwaF=
jfyVIUFPZz5TppU_e9NoF3cnQawozJM3SywSDopej2xiKlxnZrdo0vlWdxKO96yBQ8F4Qy-yV9l=
FaEKmCk4btClCIm5J6j71PhqJt7QJDUHb-mxR3FiSwiRIQCXhKCbD-kpy21x0w08kskDdRMF9vw=
dyb0820zmVttAi6cNBAjDsGH4lepRZcCI1zE7JlryCYYDo0Q%3D%3D" style=3D"width:350p=
t;v-text-anchor:middle;" arcsize=3D"17%" stroke=3D"false" fillcolor=3D"#005=
2ff"> <w:anchorlock/><v:textbox inset=3D"0,0,0,0"><center style=3D"font-fam=
ily: Helvetica Neue, Helvetica, Arial, sans-serif;"><![endif]--><a href=3D"=
https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=
=3Dce7f28801a7f4fc1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg7RE6Y9NBOfOqS=
uV6hfD9j-LtMw7fGG9_dvVBIaAV6jPvTf8r241VLxH-fr4vCqfg1TUKTXHvb5BHAypU0IrmNK4Z=
LDvL4f7TSZpIsv8koS38ENrDnR2nwjFwmVruUt9H4ouK01cw1_hHyvE3p2_Ls_x4mPnfJHIvZch=
D2EHXiavwOe6pZAmX85enAt5DjHRS3ZAwUdp_Ce82_PZoyp8WrS5InHiw2fJDKnWXdquD_Zrvqb=
YhgVcRnsmVvgxnmlY76ZkYQJLuktOFYjMZHktGtLoBWd8ezsvhTcN-TDYQCaKGsdBvq48_i5SB5=
_b6_uNt2eRvcX41D5dQJGtcwLB3kQd0HEEC_m9pbgGBdfthEUlsKvFnFvI0BUsyCopdsxG2w%3D=
%3D" target=3D"_blank" rel=3D"noopener noreferrer" style=3D"display: block;=
 margin: 0px; line-height: 1.2; font-size: 16px; text-decoration: none; col=
or: rgb(255, 255, 255); background-color: rgb(0, 82, 255); border-radius: 3=
0px; text-align: center; padding: 18px 0px;"><strong>Watch part one</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> TOKEN TRIVIA=
 </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>How =
often is Bitcoin=E2=80=99s blockchain updated with new transactions?</stron=
g></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: 1=
2px;"><strong>A</strong></td> <td>Every 10 minutes</td> </tr> <tr> <td styl=
e=3D"padding-right: 12px; padding-top: 12px;"><strong>B</strong></td> <td s=
tyle=3D"padding-top: 12px;">Once per hour</td> </tr> <tr> <td style=3D"padd=
ing-right: 12px; padding-top: 12px;"><strong>C</strong></td> <td style=3D"p=
adding-top: 12px;">Once per day</td> </tr> <tr> <td style=3D"padding-right:=
 12px; padding-top: 12px;"><strong>D</strong></td> <td style=3D"padding-top=
: 12px;">Twice per day</td> </tr> </tbody> </table> </div> <p style=3D"marg=
in: 16px 0px 0px; line-height: 1.6; word-break: break-word;">Find the answe=
r at the end of the email.</p> <div class=3D"cta_button" style=3D"margin: 2=
4px 0px 0px; padding: 0px; width: 50%;"><!--[if mso]><table width=3D"100%" =
cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"border-spacing:0;=
border-collapse:collapse;mso-table-lspace:0pt;mso-table-rspace:0pt;"><tr><t=
d style=3D"padding:0;" align=3D"left"> <v:roundrect xmlns:v=3D"urn:schemas-=
microsoft-com:vml" xmlns:w=3D"urn:schemas-microsoft-com:office:word" href=
=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e968971=
3&_m=3Dce7f28801a7f4fc1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg-TTuJ2oSx=
NEiNnyuvnlLrfSrj7bVAp6D46JQV1Q01yL-3wXZy0gt27B0FoHOF4iF3b8ccBqSGaKUf9IcDW_h=
RxE9g1SFR-3BmRCHDgeQOJjaRkplzryB6g_saOLQAkdHdnc1JbozgF91DDE6AZjuQtE-SMUiuBy=
QX-Mh-kF5Fvoy8OCN-ABW4_G-Z45zkCt-CXSvcW2tO8aXt2g9Wlx9ELKgpS99AW9LW6FXg2bGUU=
HjJW7Zlf-cE0N_RwkQgTn5noryPnh9PXetdCtC4RccposTNkvbFv510D8KvyTcSyCledFOaQDNU=
f30KkKphqoYB9qHxGMmpPnKpSR9BhlLGppcX_4lgAXblw6cYXfbcH14F5PB9y6r6VLkn5K_w4s6=
mx9WDG-vhylbnSzFJhnc_THKG3qFfi9PTAaw6m24Af9qIo9r4MV2ocmMZQxeDY0oQ%3D%3D" st=
yle=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;"><![end=
if]--><a href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192=
255878e9689713&_m=3Dce7f28801a7f4fc1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpc=
KhRg-TTuJ2oSxNEiNnyuvnlLrfSrj7bVAp6D46JQV1Q01yL-3wXZy0gt27B0FoHOF4iF3b8ccBq=
SGaKUf9IcDW_hRxE9g1SFR-3BmRCHDgeQOJjaRkplzryB6g_saOLQAkdHdnc1JbozgF91DDE6AZ=
juQtE-SMUiuByQX-Mh-kF5Fvoy8OCN-ABW4_G-Z45zkCt-Maoje-iyV6NIjKfE8yumKR2glz4tA=
2l9jIbG7rkYOWeeQWfU_hXeXNtf8tlOUV7hlACZsBe-t0MPCav3c3E9cLfa4ymHlU9eGHsXYrtV=
H0q1j8L4Y3cd5PhNscuI8ergCALJG2cHYJ9VqzXtxXbJGNx25Xj6E3w9sf6MYyMQtDSirKfObH5=
ghxPH6pxEDGBOhRkFUY_UPDjVNLK1Uq4MTXFG_GdSvg4ofPeXZd4B9mxYvK7DI0mGctlX7_M4TN=
6EA%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer" style=3D"display: =
block; margin: 0px; line-height: 1.2; font-size: 16px; text-decoration: non=
e; color: rgb(255, 255, 255); background-color: rgb(0, 82, 255); border-rad=
ius: 30px; text-align: center; padding: 18px 0px;"><strong>Learn about mini=
ng</strong></a><!--[if mso]></center></v:textbox></v:roundrect></td></tr></=
table><![endif]--></div> <table width=3D"100%" role=3D"presentation" valign=
=3D"top" style=3D"table-layout: fixed; vertical-align: top; border-spacing:=
 0px; border-collapse: collapse; min-width: 100%; text-size-adjust: 100%;">=
 <tbody> <tr style=3D"vertical-align: top;"> <td valign=3D"top" style=3D"wo=
rd-break: break-word; vertical-align: top; min-width: 100%; text-size-adjus=
t: 100%; padding: 48px 0px;"><table border=3D"0" cellpadding=3D"0" cellspac=
ing=3D"0" width=3D"100%" align=3D"center" role=3D"presentation" valign=3D"t=
op" style=3D"table-layout: fixed; vertical-align: top; border-spacing: 0px;=
 border-collapse: collapse; border-top: 2px solid rgb(222, 224, 226); width=
: 100%;"> <tbody> <tr style=3D"vertical-align: top;"> <td valign=3D"top" st=
yle=3D"word-break: break-word; vertical-align: top; text-size-adjust: 100%;=
"><span></span></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <=
div> <table style=3D"margin: 0px; padding: 0px;"> <tbody> <tr> <td style=3D=
"margin: 0px; padding-right: 11px; vertical-align: middle;"><img src=3D"htt=
ps://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-4=
6bb-bd7e-c542cff6dd6a/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 s=
tyle=3D"margin: 0px; font-size: 16px; letter-spacing: 0.075em;"><strong> NO=
W TRADING ON COINBASE </strong></p></td> </tr> </tbody> </table> </div> <a =
href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e96=
89713&_m=3Dce7f28801a7f4fc1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg-TTuJ=
2oSxNEiNnyuvnlLre7wiQ35M1fb9Wl_vgNRU8L4cju52bWGUtGrigQjxmoPeb2qZopxBn-yT6yk=
8B_poD3Jj69_8GiTRCDwW--v5WotiORXUjt0IKzcbqkw4Wkn_6D0hlwMoPSyqCAUxtvo_S-z3Ue=
04C1GQuPzj6wrHxZsLwVg3pg5EwVcZLkxhRNuZNr9ZbYDGczX_1S3RrrcrPP73beS_ukLhksAEJ=
KNvYjkovmy9fW-qoRnQrqH4LlUmyimlW1gy8gpsFE3Yyt6j9KVvGUeEucNrj-X2NgsdOT-wRIKM=
pl0JzuRiyfQgS8FNtoXxOVbR-qEMTOkJm-TwJbJ4H3GXzYKRRa36WOUXwJTIpP9lY2mGJ7XKQ9_=
TLE_pqcypBaA9O7dflADeyNqOOcBR2LraREs0sSD4gyD_YX" target=3D"_blank" rel=3D"n=
oopener noreferrer" style=3D"color: rgb(10, 11, 13); text-decoration: none;=
"> <table style=3D"margin: 16px 0px 0px; width: 100%;"> <tbody> <tr> <td st=
yle=3D"font-size: 32px; line-height: 1.26; word-break: break-word; vertical=
-align: middle; white-space: nowrap;"><strong>GNO</strong></td> <td style=
=3D"vertical-align: middle; padding-left: 12px;"><img src=3D"https://dynami=
c-assets.coinbase.com/d1afa9a4f7ce51fa1af1ab94a15ea875a4df2b9a0b6ca619ea3de=
482d688198d67112c70516b703405b01d9abd5856493c238fe58004b63f4c5b5986a7624da2=
/asset_icons/b2e81465e2ac5d20898c4793c1c672073895ba71688ad1044a01011fe555ca=
88.png" width=3D"26" height=3D"26" style=3D"display: block; width: 26px; he=
ight: 26px; vertical-align: middle;"></td> <td style=3D"vertical-align: mid=
dle; text-align: right; width: 100%;"><img src=3D"https://d15k2d11r6t6rl.cl=
oudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/=
3aca56371967418192255878e9689713/Newsletter%20Assets/newlistings_light.png"=
 width=3D"21" height=3D"18" style=3D"width: 21px; height: 18px; vertical-al=
ign: middle;"></td> </tr> </tbody> </table> <p style=3D"margin: 0px; line-h=
eight: 1.6;">GNO is an Ethereum token that powers Gnosis, an open-source an=
d decentralized prediction market platform. </p> </a><a href=3D"https://lin=
ks.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dce7f2880=
1a7f4fc1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg-TTuJ2oSxNEiNnyuvnlLrex6=
11n1yONfFTfkf7OGDyg5Adn8LSkGlREbQ9rKSEx0GLJ-3mQaGlvEGDaDmAGDW4r8WC1zRMq8K5m=
9qsWP0bgc0_zH0s-gM3CqNQtQ24-iAy0RxIPCxLmCfNF1XbbD4X5MNts7MDh5UIYfSq8kYsQLfJ=
t9X5f_E1jGU432GbGekq6d9CD-Hvv6_fDvx4DeKp8hvlQh5_P_M9CCuCG1k-L8P0ijOH_N9j5JK=
y-_FFSdTwRnkwQ4nJCN1I3zWbCvu92CHMqJOxBnSkmsuXUIedBy6a-Wth08Yzh39q--YJbRN8MK=
qO5pzq3B6MAjqWw6qamH7XAssGMEiuU1uWoGivpdCZeWnrZfoKvGqmIJjv_GwWNUG0kNx1JP_PQ=
hkaiL-0ty9-HuUpKdeMWQsGACBYK" 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: 3=
2px; line-height: 1.26; word-break: break-word; vertical-align: middle; whi=
te-space: nowrap;"><strong>NEST</strong></td> <td style=3D"vertical-align: =
middle; padding-left: 12px;"><img src=3D"https://dynamic-assets.coinbase.co=
m/38fb7cd0f069f8ff5d6d46f6ab010ff3e8d4c4f07aaad587e56b83d45b3142bdd23ac03cb=
b109a4027d59f0c4d556164ff45a3585de1ee81c27fd46e01174bac/asset_icons/ad44400=
a26232a30f2d3f5f42af7a68555a0713e19e9657bf222acce25cea1dd.png" width=3D"26"=
 height=3D"26" style=3D"display: block; width: 26px; height: 26px; vertical=
-align: middle;"></td> <td style=3D"vertical-align: middle; text-align: rig=
ht; width: 100%;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/=
users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5637196741819225=
5878e9689713/Newsletter%20Assets/newlistings_light.png" width=3D"21" height=
=3D"18" style=3D"width: 21px; height: 18px; vertical-align: middle;"></td> =
</tr> </tbody> </table> <p style=3D"margin: 0px; line-height: 1.6;">NEST is=
 an Ethereum token that powers the NEST Protocol, a price prediction platfo=
rm that aims to improve the crypto market. </p> </a><a href=3D"https://link=
s.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dce7f28801=
a7f4fc1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg-TTuJ2oSxNEiNnyuvnlLreqMp=
uM7rXO5su57NkTibtKvlWHn-tR7CV72j68yB0UuM87QS_4spQeiP40CL5Msq-M2AJqqldFxKXB5=
99PbOEsw2pzkPmSdu0IARq8K99YViToG8owKT0zsQUY4Q7JEDyQQ5zq3NuC4CXROdb6Pb2OXRXJ=
W2AcWOVqeT7_sHmwVZ6CCtqAKrATIv_-7SnEUZytx2Rs8N2FAhrPive_SLkbVuVhiVazastq_Pf=
zCdE8poYyA55vkJjZhjcL8-VIbOC-qQuElKD_nI6MrPRLutT0NjWnk6TvCSSKRBp20QC_wkC7pk=
5CRiWV4Y9HRxeO3X5H3Kkrys-sthbg3gEiQZO87L2oxiK1jamOBeURtjF9WSpkn5sX-8WrNDa8m=
X0ZfPs%3D" target=3D"_blank" rel=3D"noopener noreferrer" style=3D"color: rg=
b(10, 11, 13); text-decoration: none;"> <table style=3D"margin: 16px 0px 0p=
x; 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>MTL</strong></td> <td style=3D"vertical-align: middle; padding-left=
: 12px;"><img src=3D"https://dynamic-assets.coinbase.com/1581906f9cc203a4dd=
40b82d0764345ce858de5a110c5acd69f13bf20d5a1e844b49a82621bbd36ad382a922f7be8=
b706550b04ac3cdc4384d19216c92707b87/asset_icons/5950ecc3a4967dc5f45b3158122=
e3d917b6a05cbcc72ab9265999047776f8f87.png" width=3D"26" height=3D"26" style=
=3D"display: block; width: 26px; height: 26px; vertical-align: middle;"></t=
d> <td style=3D"vertical-align: middle; text-align: right; width: 100%;"><i=
mg src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/66=
9d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/Newslet=
ter%20Assets/newlistings_light.png" width=3D"21" height=3D"18" style=3D"wid=
th: 21px; height: 18px; vertical-align: middle;"></td> </tr> </tbody> </tab=
le> <p style=3D"margin: 0px; line-height: 1.6;">MTL is an Ethereum token th=
at powers the Metal's products and ecosystem. </p> </a><a href=3D"https://l=
inks.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Dce7f28=
801a7f4fc1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg-TTuJ2oSxNEiNnyuvnlLrd=
GCalHkv4OTWo0CgINp0FCAkzLQWX90LVJLedCirRJ6VjA9FiKN_op7pyt98GS_eE0E49diQbvYA=
m_JvNRreFZdk3gCSNHoxkyzPILWyAZ1_p2Q9tZcfEMCoaqkkwhf-5URLiVYg2uyP9-iTCG1AJWG=
lfelW2tJlc4kUi91pHmOa8yPEmFiXop90FeqsV23CdFHsbx_rdZOOsnV0DXx-I3m4a8Suk701uG=
kPRE8uJI4SZgG-NcR1ImEeo8v8HQi5jFCM0F1_-tgyW2Wwljo2uWY9ZXmYvm4ORuKGRPJUo2jYM=
7kbFQNA1gBlvI-zYZjGPx5sXq8SmClEjBbYk6W17JNVRiS76YV3SbdlBjS-_OVZqESWLxYLukw5=
k6KC9andg%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>SYLO</strong></td> <td style=3D"vertical-align: middle; padding-=
left: 12px;"><img src=3D"https://dynamic-assets.coinbase.com/065e79dc39c226=
9bf9d5c42fcf04b96e00282026eb45226d4a3286036f10c505965cfc3b01de818ff7bb11cb9=
62d23bd90abc7ebab7c851bda211ce3adcc6568/asset_icons/9a645159bb56cb4a7275a4b=
0ec5c10cdc8fbb3b67779c80e8ff0d8b5bc0ab68a.png" width=3D"26" height=3D"26" s=
tyle=3D"display: block; width: 26px; height: 26px; vertical-align: middle;"=
></td> <td style=3D"vertical-align: middle; text-align: right; width: 100%;=
"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrator=
s/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/New=
sletter%20Assets/newlistings_light.png" width=3D"21" height=3D"18" style=3D=
"width: 21px; height: 18px; vertical-align: middle;"></td> </tr> </tbody> <=
/table> <p style=3D"margin: 0px; line-height: 1.6;">SYLO is an Ethereum tok=
en for the Sylo Network, a decentralized communication infrastructure creat=
ed by many independent users running Sylo Node software on their own comput=
ers and servers. </p> </a> <table width=3D"100%" role=3D"presentation" vali=
gn=3D"top" style=3D"table-layout: fixed; vertical-align: top; border-spacin=
g: 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-adj=
ust: 100%; padding: 48px 0px;"><table border=3D"0" cellpadding=3D"0" cellsp=
acing=3D"0" width=3D"100%" align=3D"center" role=3D"presentation" valign=3D=
"top" style=3D"table-layout: fixed; vertical-align: top; border-spacing: 0p=
x; border-collapse: collapse; border-top: 2px solid rgb(222, 224, 226); wid=
th: 100%;"> <tbody> <tr style=3D"vertical-align: top;"> <td valign=3D"top" =
style=3D"word-break: break-word; vertical-align: top; text-size-adjust: 100=
%;"><span></span></td> </tr> </tbody> </table></td> </tr> </tbody> </table>=
 <p style=3D"margin: 0px; line-height: 1.6; word-break: break-word;"><stron=
g>Trivia answer</strong></p> <table style=3D"margin: 12px 0px 0px; line-hei=
ght: 1.6; word-break: break-word;"> <tbody> <tr> <td style=3D"padding-right=
: 12px;"><strong>A</strong></td> <td>Every 10 minutes</td> </tr> </tbody> <=
/table> <table style=3D"margin: 48px 0px 0px;"> <tbody> <tr> <td style=3D"t=
ext-align: left;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/=
users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5637196741819225=
5878e9689713/Rebrand%20Assets/coinbase_footer_wordmark.png" alt=3D"Coinbase=
" height=3D"26" style=3D"display: block; height: 26px; margin-bottom: 24px;=
"></td> </tr> <tr> <td><a href=3D"https://links.coinbase.com/u/click?_t=3D3=
aca56371967418192255878e9689713&_m=3Dce7f28801a7f4fc1a971c529be1bd30d&_e=3D=
uwUJ0jHEx7nAiBTpcKhRgxuKiYgAgd0XTSqcyokIxgTix3HoUtqhoC7C-z-j2yFgCqUU6tIbThz=
ziRjpe1os88sTZPG2QU1InNI_c7Za7jXZ7_qhKXvBeAVqi6NFjUZyYf1S1wTCIJsS95kuCepBgl=
9BClx1pog_CRBNBRIEjEdR3-euuu2_lJQC9_XVMyVskvX4PnhRrF5W5hVX5rE5s0Ynrahr_eAGX=
97QB-pGEkL_EDdmbUw-8G8xI3ng4a_hwXlVnMcaLcpw8AQGriOccj9xlctKHYO4J0yCtmpFtvGw=
NVHOfHM3zZq8wYrpOTgds8a6sC8mjETcgzDUf5oMq9Cw--2smi472mMSIvx2cD7_udv14PjtlhO=
Y00zmbXSTSJhJ6FoGLbolJfvJyIF7NEFZdLNZICUF1U6KYq8U1eZBBa4hJkG-ipnhxGRCZ42r" =
title=3D"coinbase ios app" target=3D"_blank" rel=3D"noopener noreferrer"><i=
mg src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/66=
9d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/Icons/a=
pp_apple.png" alt=3D"Download on iOS App store" height=3D"46" style=3D"disp=
lay: block; height: 46px; margin-right: 8px;"></a></td> <td><a href=3D"http=
s://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Dc=
e7f28801a7f4fc1a971c529be1bd30d&_e=3DuwUJ0jHEx7nAiBTpcKhRg7oT6iDCOrRxlRSth2=
KQnd60pwQr_HbTe1BoY1mM2ZKLf1E8s_G3qHM1c779eh2C1H1g0FxYKsh9IHR_Nr7y8LjE3YeNL=
KHo8qNW1yQyTS7Z5oXYieHoeBbNMqb824m1QvazwRDwu5LTLu66NhWVXAM662NnHENm_uhK1Gfv=
d3NIKIGZqII7Cm8R0R12ce_t_SHXy1hSyy72cx2LdcDJJ4JXB2AYpGRxr2-uHjk3mk1z1hBsUSt=
a9Yj3TEY80z_9jXYJPDy0n4V7U7QnMbykx3NevG-Gms6EaEyLmoNbatf553v6uCq8KiMQMEi2ui=
WX0UbRcN4vgeU5wOwph7zbMbYRDhv8dNqMc8EvnGnehYdW-NOWWcepWZ2s0fIMGNqDLuSqygalq=
-OP2xXM0OHp7udxaPpAFAq4Kt1BBwYH3lTd" title=3D"coinbase android app" target=
=3D"_blank" rel=3D"noopener noreferrer"><img src=3D"https://d15k2d11r6t6rl.=
cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6=
a/3aca56371967418192255878e9689713/Icons/app_google.png" alt=3D"Download on=
 Google Play" height=3D"46" style=3D"display: block; height: 46px;"></a></t=
d> </tr> </tbody> </table> <div style=3D"margin-top: 24px;"> <p style=3D"fo=
nt-size: 12px; line-height: 1.8; word-break: break-word; color: rgb(91, 97,=
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