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Date: Wed, 13 Apr 2022 13:06:44 +0000
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From: Coinbase Bytes <newsletter@mail.coinbase.com>
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Mime-Version: 1.0
Reply-To: newsletter@mail.coinbase.com
Subject: Inside Miami's Bitcoin convention
To: Vincent Herbert <vince@showfile.com>

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Coinbase BytesBitcoin 2022 saw celebs, creators, and investors flock to Mia=
mi=20
to talk all things BTC.View in browser=20
<https://links.coinbase.com/e/evib?_t=3D3aca56371967418192255878e9689713&_m=
=3D9206ae9d9ae44530a490382393be3116&_e=3DdIUhXCvFFpK_7CzSTdaUhpZHLgNo9mmycb=
5hgdzS5mHwdB7VFRuzyN2gZZSLwWrSFbJB246Jt7sNSw6-ylGd5sUy1AM803B0Z2TAC7_IyuZ_Q=
ygKk2d6yVGzAmXtMgOkRjdLcEsHQAbZNdHBhp_uKA%3D%3D>
 <https://coinbase.com>
 13-Apr-2022=20
 <https://coinbase.com/>
Despite choppy markets, Miami remains bullish on BTC. [Bloomberg via Getty=
=20
Images]

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

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

 * Surging inflation is pressuring crypto. Red hot inflation numbers are=20
impacting stocks, crypto, and beyond.
 * Bitcoin fans flocked to Miami for Bitcoin 2022. Celebs, creators, and=20
investors gathered to discuss all things BTC.
 * The week in numbers. The record amount of VC investments flowing into=20
crypto, and other key figures to know this week.




Bitcoin

 =C2=A330,612.70=20

 -10.40%=20
 <https://coinbase.com/price/bitcoin?bytes_title=3Dbitcoin>=20

Ethereum

 =C2=A32,318.58=20

 -8.32%=20
 <https://coinbase.com/price/ethereum?bytes_title=3Dethereum>=20


Solana

 =C2=A377.94=20

 -17.09%=20
 <https://coinbase.com/price/solana?bytes_title=3Dsolana>=20

Cardano

 =C2=A30.72=20

 -15.72%=20
 <https://coinbase.com/price/cardano?bytes_title=3Dcardano>=20


Avalanche

 =C2=A358.95=20

 -11.12%=20
 <https://coinbase.com/price/avalanche?bytes_title=3Davalanche>=20

Dogecoin

 =C2=A30.11=20

 -8.77%=20
 <https://coinbase.com/price/dogecoin?bytes_title=3Ddogecoin>=20


Bitcoin

 =C2=A330,612.70=20

 -10.40%=20
 <https://coinbase.com/price/bitcoin?bytes_title=3Dbitcoin>=20

Ethereum

 =C2=A32,318.58=20

 -8.32%=20
 <https://coinbase.com/price/ethereum?bytes_title=3Dethereum>=20

Solana

 =C2=A377.94=20

 -17.09%=20
 <https://coinbase.com/price/solana?bytes_title=3Dsolana>=20


Cardano

 =C2=A30.72=20

 -15.72%=20
 <https://coinbase.com/price/cardano?bytes_title=3Dcardano>=20

Avalanche

 =C2=A358.95=20

 -11.12%=20
 <https://coinbase.com/price/avalanche?bytes_title=3Davalanche>=20

Dogecoin

 =C2=A30.11=20

 -8.77%=20
 <https://coinbase.com/price/dogecoin?bytes_title=3Ddogecoin>=20
Price changes are for the past week, ending on Apr 13, 2022 at 12:46 PM UTC
See the latest prices <https://coinbase.com/price>



 MARKET UPDATE=20

As inflation and interest rates spike, how will crypto react?=20

As you=E2=80=99ve probably noticed, crypto prices have been trending downwa=
rd in=20
April, with both BTC and ETH down more than 10% since the beginning of the=
=20
month. So what=E2=80=99s behind the dip? The major economic story continues=
 to be=20
inflation, which has been chipping away at the purchasing power of the U.S.=
=20
dollar=C2=A0for months. On Tuesday, the Consumer Price Index (a proxy measu=
re for=20
inflation)recorded <https://www.bls.gov/news.release/pdf/cpi.pdf> an 8.5%=
=20
increase in March over the same time last year =E2=80=94 a 40-year high. (T=
he CPI=20
includes gas prices, so some of the increase is likely the result of the wa=
r in=20
Ukraine and energy supply disruptions.) In response, the Federal Reserve is
widely expected=20
<https://www.reuters.com/business/fed-raise-rates-aggressively-coming-month=
s-say-economists-2022-04-11/>
 to announce another interest-rate hike of 0.5% later this month. Let=E2=80=
=99s dig=20
into what it all means.

 * Despite the latest inflation report, prices of crypto and stocks both=20
rebounded slightly after the announcement.Some investors may have already=
=20
=E2=80=9Cpriced in=E2=80=9D forthcoming interest-rate hikes, while others m=
ay believe that=20
inflation rates are close topeaking=20
<https://www.cnbc.com/2022/04/11/stock-market-futures-open-to-close-news.ht=
ml>.=20
But what happens if inflation and interest rates continue to rise? Investor=
s=20
may be pressured to sell riskier assets like tech stocks and crypto in favo=
r of=20
a guaranteed return on their dollars in a savings account.=C2=A0
 * Bitcoin has historically had a very low correlation with traditional ass=
ets=20
like stocks and bonds =E2=80=94=C2=A0so why has thatchanged=20
<https://www.bloomberg.com/news/articles/2022-01-25/bitcoin-is-moving-in-ta=
ndem-with-stocks-like-never-before-chart?sref=3DaInCMkkj>
 in recent months? This may simply be the result of crypto=E2=80=99s increa=
sing=20
popularity as a multi-trillion dollar asset class. Given that cryptocurrenc=
ies=20
are now held by millions of individuals and many of the biggest institution=
s on=20
Wall Street and beyond, it's not surprising that the same macroeconomic for=
ces=20
that shape other major asset classes are also impacting crypto markets.=C2=
=A0
 * Inflation in developing economies is driving=20
<https://www.ft.com/content/1ea829ed-5dde-4f6e-be11-99392bdc0788> crypto=20
adoption =E2=80=94 could the same happen in the U.S. and Europe if purchasi=
ng power=20
continues to decline?According to one recent global survey=20
<https://blockworks.co/gemini-report-crypto-reached-tipping-point-in-2021/>=
,=20
nearly 60% of adults in Latin America and Africa (home to some of the world=
=E2=80=99s
highest-inflation=20
<https://worldpopulationreview.com/country-rankings/inflation-rate-by-count=
ry>=20
countries) say that crypto is =E2=80=9Cthe future of money=E2=80=9D and abo=
ut 46% of people in=20
those regions say =E2=80=9Ccryptocurrencies are a good way to protect again=
st=20
inflation.=E2=80=9D=C2=A0
 * Wall Street continues to make new bets on crypto. In a new shareholder=
=20
letter=20
<https://reports.jpmorganchase.com/investor-relations/2021/ar-ceo-letters.h=
tm>,=20
JPMorgan Chase CEO Jamie Dimon (a longtime crypto skeptic) touted his bank=
=E2=80=99s=20
adoption of crypto technology: =E2=80=9CDecentralized finance and blockchai=
n are real,=20
new technologies that can be deployed in both public and private fashion,=
=20
permissioned or not. JPMorgan Chase is at the forefront of this innovation.=
=E2=80=9D=20
Another longtime crypto skeptic, Carlyle Group co-founder David Rubenstein,=
 has
evolved=20
<https://decrypt.co/97432/billionaire-david-rubenstein-on-crypto-the-genie-=
is-out-of-the-bottle>
 his stance =E2=80=94 including investing in crypto-industry companies. =E2=
=80=9CIt=E2=80=99s clear to=20
me now that many younger people don=E2=80=99t think there=E2=80=99s much un=
derlying the dollar=20
or the euro or other currencies,=E2=80=9D he noted. =E2=80=9CHaving some cr=
yptocurrency=20
probably enables you to feel better when you can have something that=E2=80=
=99s outside=20
of the government=E2=80=99s control.=E2=80=9D=C2=A0


Why it matters=E2=80=A6 While rising interest rates may have slowed specula=
tive=20
investment in crypto and other higher-risk asset classes, rising inflation =
is=20
also shrinking the value of the dollar, euro, and other fiat currencies. So=
=20
what will happen with crypto over the longer term? In one scenario, rising=
=20
interest rates make cash more appealing, causing capital to move out of cry=
pto=20
markets. In another scenario, crypto=E2=80=99s value proposition as a decen=
tralized=20
alternative to fiat currencies grows more compelling, attracting both retai=
l=20
and institutional investors. As always, only time will tell.
Learn about inflation=20
<https://www.coinbase.com/learn/crypto-basics/what-is-inflation?src=3Dmarke=
tupdate_cta>



 COINCHELLA=20

Bitcoin fans flood Miami for annual crypto bash

If you=E2=80=99re a Bitcoin maxi=20
<https://www.investopedia.com/terms/b/bitcoin-maximalism.asp>, all roads le=
ad=20
to Miami =E2=80=94=C2=A0home to BTC-boosting mayor Francis Suarez, the most=
 yacht parties=20
this side of Cannes, and the world=E2=80=99s biggest annual BTC convention.=
 With=20
roughly 30,000 in attendance (double last year=E2=80=99s event!) Bitcoin 20=
22 had it=20
all: an interactive screen that gave attendeeslaser eyes=20
<https://www.coinbase.com/learn/tip-and-tutorials/crypto-slang-guide#laser-=
eyes>
 as they walked by, Suarez unveiling a 3,000-pound bull statue, and EDM-pow=
ered=20
after-hours parties galore. Of course, there were also plenty of panel=20
discussions and keynote speeches from industry leaders about the future of=
=20
Bitcoin. Let=E2=80=99s take a closer look at the highlights.

 * The weekend=E2=80=99s headliners ranged from Peter Thiel to Serena Willi=
ams. Thiel=20
delivered aprovocative speech=20
<https://www.vanityfair.com/news/2022/04/peter-thiel-warren-buffett-crypto>=
=20
calling Warren Buffett a =E2=80=9Csociopathic grandpa=E2=80=9D for not beli=
eving in the future=20
of Bitcoin, while Williams (joined by NFL stars Aaron Rodgers and Odell Bec=
kham=20
Jr.) hosted a more measured panel. The tennis icon praised BTC for its=20
scarcity, Beckham Jr. added that crypto is a popular topic in NFL locker ro=
oms,=20
and Rodgersopined=20
<https://www.nasdaq.com/articles/serena-williams-odell-beckham-jr.-and-aaro=
n-rodgers-on-why-they-believe-in-bitcoin>
 that the original crypto =E2=80=9Cis the best defense against inflation.=
=E2=80=9D
 * Shark Tank investor Kevin O=E2=80=99Leary gave a speech=20
<https://www.theblockcrypto.com/post/140923/investor-kevin-oleary-touts-pro=
active-regulation-and-policy-at-bitcoin-2022>
 encouraging U.S. lawmakers to pass sensible crypto regulations, a move he =
said=20
would send =E2=80=9Cspigots of capital=E2=80=9D into the crypto industry an=
d pave the way for=20
crypto to become the12th sector=20
<https://seekingalpha.com/article/4475586-stock-market-sectors> of the S&P =
500=20
index. Also in attendance: Wyoming Senator Cynthia Lummis, who described he=
r
forthcoming bill=20
<https://www.politico.com/news/2022/03/24/gillibrand-lummis-cryptocurrency-=
regulation-00020291>
 (co-sponsored by New York Senator Kirsten Gillibrand), as "a legislative=
=20
framework that we hope will provide the sandbox for innovation to occur, bu=
t=20
also put some regulatory parameters so you all know the rules of the road.=
=E2=80=9D
 * Officials from Honduras, Portugal, and Mexico appeared=20
<https://www.theblockcrypto.com/post/141087/honduras-portgual-jurisdictions=
-bitcoin-adoption>
, though none matched El Salvador=E2=80=99s Bitcoin 2021 news, when Preside=
nt Nayib=20
Bukele used the event to announce his country would be the first to make BT=
C=20
legal tender. Honduras announced a =E2=80=9Cspecial economic zone=E2=80=9D =
called Pr=C3=B3spera,=20
where BTC will be accepted as legal tender without capital gains taxes; the=
=20
president of Madeira, an autonomous group of Portuguese islands, also said =
that=20
BTC would be adopted as legal tender there; and a Mexican senator announced=
=20
that she=E2=80=99d be proposing a law that would legalize BTC.
 * Are Bitcoin maximalists finally opening up to DeFi=20
<https://www.coinbase.com/learn/crypto-basics/what-is-defi#:~:text=3DShort%=
20for%20decentralized%20finance%2C%20DeFi,on%20public%20blockchains%2C%20pr=
imarily%20Ethereum.>
?Bitcoin=E2=80=99s most hardcore supporters usually recoil=20
<https://thedefiant.io/bitcoin-maxis/> at any mention of crypto beyond BTC =
as=20
decentralized money. But there are signs thatview might be shifting=20
<https://thedefiant.io/defi-at-bitcoin-2022-conference/> =E2=80=94 a few pr=
esentations=20
at Bitcoin 2022 focused on bringing DeFi, NFTs, and stablecoins to the Bitc=
oin=20
network. One product, called ALEX, allows BTC holders to pool liquidity,=20
similar to ETH-based apps like Uniswap. Another, called Sovryn, uses=20
Bitcoin-based smart contracts and allows bitcoiners to lend, borrow, and tr=
ade=20
on margin with their BTC.


Why it matters=E2=80=A6 Prices may have slumped in recent weeks, but among =
Bitcoin=20
2022 attendees, BTC fever was very much on the rise. Among the weekend=E2=
=80=99s main=20
takeaways? A broad alignment on the need for clear, fair regulation and a s=
ense=20
that the biggest cryptocurrency by market cap has evolved from a niche asse=
t=20
into a mainstream preoccupation. MicroStrategy CEO Michael Saylor illustrat=
ed=20
the shift in an anecdote. Two years ago, Saylor approached a Merrill Lynch=
=20
broker about aquiring some BTC with MicroStrategy funds: =E2=80=9CThey laug=
hed at me=20
and said, not only will I not sell it to you, we're not allowed to talk abo=
ut=20
it or we get fired. Now my inbox has Bitcoin research from Merrill Lynch, s=
ent=20
to me by the same broker.=E2=80=9D
Learn BTC basics=20
<https://www.coinbase.com/learn/crypto-basics/what-is-bitcoin?src=3Dcoinche=
lla_cta>
 <https://www.coinbase.com/invite?src=3Dinvite_bytes>

 NUMBERS TO KNOW=20

$12.5 billion

Estimated amount of VC funding raised=20
<https://www.theblockcrypto.com/news+/141349/march-crypto-vc-roundup-third-=
highest-monthly-inflows-in-cryptos-history>
 by crypto startups in the first quarter of 2022 =E2=80=94 the most ever. M=
arch=E2=80=99s total=20
was $3.5 billion, the third-highest monthly fundraise stat in crypto histor=
y=20
(behind January and February).

129,218 BTC

Amount of bitcoin currently on MicroStrategy=E2=80=99s balance sheet=20
<https://bitcointreasuries.net/>, after CEO and longtime crypto booster Mic=
hael=20
Saylor disclosed adding an additional 4,167 BTC (about $191 million) in a
statement=20
<https://www.sec.gov/Archives/edgar/data/1050446/000119312522095632/d292215=
d8k.htm>
 last Tuesday.=C2=A0

4

Number of bitcoin futures ETFs=20
<https://www.coinbase.com/learn/crypto-basics/what-is-a-bitcoin-futures-etf=
#how-does-the-btc-futures-etf-work>
 currently available to investors, after the SECapproved=20
<https://www.coindesk.com/policy/2022/04/06/sec-approves-teucriums-bitcoin-=
futures-etf/>
 Vermont-based Teucrium=E2=80=99s new fund on April 6. The SEC has yet to a=
pprove any =E2=80=9C
spot-based=20
<https://www.nasdaq.com/articles/latest-bitcoin-etf-approval-could-open-doo=
r-for-grayscale-spot-bitcoin-etf>
=E2=80=9D bitcoin ETFs, which would hold crypto directly (as opposed to hol=
ding bitcoin=20
futures contracts).
Learn more about ETFs=20
<https://www.coinbase.com/learn/crypto-basics/what-is-an-etf?src=3Dnumberst=
oknow_cta>



 TOKEN TRIVIA=20

Which of the following is taxable as income?

AGetting paid in crypto
BReceiving an airdrop
CEarning staking rewards
DAll of the above
Find the answer at the end of the email.
Learn about crypto taxes=20
<https://www.coinbase.com/learn/crypto-basics/understanding-crypto-taxes?sr=
c=3Dtokentrivia_cta>



 NOW TRADING ON COINBASE=20

MINA
MINA is a cryptocurrency that powers Mina Protocol, a layer one blockchain=
=20
that aims to be lightweight, privacy-preserving, and easily verifiable.
 <https://www.coinbase.com/price/mina?bytes_new=3Dmina>


Trivia answer

DAll of the above

 <https://itunes.apple.com/us/app/coinbase-bitcoin-wallet/id886427730?mt=3D=
8>=20
<https://play.google.com/store/apps/details?id=3Dcom.coinbase.android>
Disclaimer: This material is the property of Coinbase, Inc., its parent and=
=20
affiliates ("Coinbase"). The views and opinions expressed herein are those =
of=20
the author and do not necessarily reflect the views of Coinbase or its=20
employees and summarizes information and articles with respect to=20
cryptocurrencies or related topics that the author believes may be of inter=
est.=20
This material is for informational purposes only, and is not (i) an offer, =
or=20
solicitation of an offer, to invest in, or to buy or sell, any interests or=
=20
shares, or to participate in any investment or trading strategy, (ii) inten=
ded=20
to provide accounting, legal, or tax advice, or investment recommendations =
or=20
(iii) an official statement of Coinbase. No representation or warranty is m=
ade,=20
expressed or implied, with respect to the accuracy or completeness of the=
=20
information or to the future performance of any digital asset, financial=20
instrument or other market or economic measure. The information is believed=
 to=20
be current as of the date indicated on the materials. Recipients should con=
sult=20
their advisors before making any investment decision. Coinbase may have=20
financial interests in, or relationships with, some of the entities and/or=
=20
publications discussed or otherwise referenced in the materials. Certain li=
nks=20
that may be provided in the materials are provided for convenience and do n=
ot=20
imply Coinbase's endorsement, or approval of any third-party websites or th=
eir=20
content. 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
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ks.coinbase.com/e/evib?_t=3D3aca56371967418192255878e9689713&_m=3D9206ae9d9=
ae44530a490382393be3116&_e=3DdIUhXCvFFpK_7CzSTdaUhpZHLgNo9mmycb5hgdzS5mHwdB=
7VFRuzyN2gZZSLwWrSFbJB246Jt7sNSw6-ylGd5sUy1AM803B0Z2TAC7_IyuZ_QygKk2d6yVGzA=
mXtMgOkRjdLcEsHQAbZNdHBhp_uKA%3D%3D" target=3D"_blank" rel=3D"noopener nore=
ferrer" style=3D"color: rgb(91, 97, 110); text-decoration: none; line-heigh=
t: 1.5; font-size: 12px;">View in browser</a></div><div style=3D"margin-bot=
tom: 20px;"><table style=3D"width: 100%;"><tbody><tr><td style=3D"text-alig=
n: left; vertical-align: middle;"><a href=3D"https://links.coinbase.com/a/c=
lick?_t=3D3aca56371967418192255878e9689713&_m=3D9206ae9d9ae44530a490382393b=
e3116&_e=3DMyu1Sy9e3gvdBFFCYL4WQzoBGvv--v-7EDIBMr03k_gX5DDG4HlA_a4VW-MjEK6d=
K-9Jv2DNsEKevmLqczV9yopZpaaOaxdd5A7c5SfQpD3dEe9WJZRrTILviVI6BLIuE33RN2ViLcs=
4EkCCx9y-HUeNGPX1WeszLb2NYtl0b_YjQaXjm_dDOnfvCnujbcz0ylXVJIQh-BGnYN3uXt0Qfw=
64M5AMKJ3z6qYmz6HWeTVQyhk_kASJ8jV3QtbotwDFzp_ndkQXUpR5l2drUFnMVLCXYZw1Hm23G=
oMhFpb-P8ToBXUmgbEVNwabv4RqhflAyRL4Ukv5Shi44i_rLLw16CCj8G3mac7lATcxylCEHg6p=
tehKi64amY6mAlGC_hHR" title=3D"Coinbase Bytes" target=3D"_blank" rel=3D"noo=
pener noreferrer"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/=
users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5637196741819225=
5878e9689713/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: 20p=
x; color: rgb(10, 11, 1); margin: 10px 0px 0px;"> 13-Apr-2022 </p></td></tr=
></tbody></table></div><a href=3D"https://links.coinbase.com/a/click?_t=3D3=
aca56371967418192255878e9689713&_m=3D9206ae9d9ae44530a490382393be3116&_e=3D=
Myu1Sy9e3gvdBFFCYL4WQ79enhcXqZ-JLxakW2ELYtXqkwvL44ZoxoHRVNmCJ88E9pBL4kbX8K-=
WzSK1KvsetHboPTnAcdSCbcWBTgHFqZRyVtzX3ZkyKn-jIKaPj9U818xBoJHYRJblPF04wXg6Q3=
p0ropB7-i1rNu-H6ZKjJGSDR21HRg4QZOtfaXd408caernZwEBdhxLJlj1bkRG_GX9rchzKrVMn=
JwW81FThr3ZEhcit5iDI36YRYirpafSxdqrx0WDsUrM7O-ooyGpDT1iBA5uLaBRmdh_L5jxHE6U=
EOMLQbkixGbk-VI-DxeZquO-JxJTxaRw7q2djdrzQgWlQ7Fa7CWs6SkjELeOWGWdDNmwv20N-XU=
2c5yf8CoD" target=3D"_blank" rel=3D"noopener noreferrer"><img src=3D"https:=
//images.ctfassets.net/q5ulk4bp65r7/30ORLp7JYgu2UjfcvdPO0k/21d70c870ca222a9=
47e107d9b2d34deb/Bloomberg_via_Getty_Images.jpg" width=3D"100%" style=3D"di=
splay: block; width: 100%;"></a><p style=3D"margin: 16px 0px 0px; line-heig=
ht: 1.5; word-break: break-word; font-size: 12px; color: rgb(91, 97, 110);"=
>Despite choppy markets, Miami remains bullish on BTC. [Bloomberg via Getty=
 Images]</p><p style=3D"margin: 48px 0px 16px; font-size: 32px; line-height=
: 1.26; word-break: break-word;"><strong>What=E2=80=99s up? It=E2=80=99s Co=
inbase Bytes</strong></p><p style=3D"margin: 0px; line-height: 1.6; word-br=
eak: break-word;">There=E2=80=99s never a dull moment on the blockchain. He=
re=E2=80=99s what you need to know this week:</p><!--[if mso]><ul style=3D"=
line-height:1.6;mso-line-height-alt:26px;"><![endif]--><!--[if !mso]><!-- -=
-><ul style=3D"margin: 10px 0px; padding-left: 24px; line-height: 1.6;"><!-=
-<![endif]--><li style=3D"margin: 0px; padding: 6px 0px;"><strong>Surging i=
nflation is pressuring crypto. </strong>Red hot inflation numbers are impac=
ting stocks, crypto, and beyond.</li><li style=3D"margin: 0px; padding: 6px=
 0px;"><strong>Bitcoin fans flocked to Miami for Bitcoin 2022. </strong>Cel=
ebs, creators, and investors gathered to discuss all things BTC.</li><li st=
yle=3D"margin: 0px; padding: 6px 0px;"><strong>The week in numbers. </stron=
g>The record amount of VC investments flowing into crypto, and other key fi=
gures to know this week.</li></ul><p style=3D"margin: 0px; padding: 0px;"><=
/p><!--[if !mso]><!--> <div class=3D"desktop_hide" style=3D"mso-hide:all;di=
splay:none;max-height:0;overflow:hidden;"> <table style=3D"width:100%;table=
-layout:fixed;margin:0;"> <tbody> <tr> <td style=3D"padding-top:40px;"> <a =
href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e96=
89713&_m=3D9206ae9d9ae44530a490382393be3116&_e=3DMyu1Sy9e3gvdBFFCYL4WQ4QAwo=
UFep6_9A3tBuxkKwWQmXNTZE3H3OgMFTn6NYMrhilOcxeL0ygwVFTFmg4UAe5cbzss1V8dvvOKT=
iN27AS_xU5oZPAqyAX6ub3Obr9YjXoVbEiEikPHzpL8UuDEg0NGEBXZJBtQaIqf4pSqrLkC3E7r=
OdGf-vy9QUSczce-FlI7DiMDBxCxvoJZIzkvZ-h_P14ARBqIx_b4mEtZPkpom2q0DhFoHf_MAqn=
c05NG1ghwHZ3y_pJNRyz6ejVIFu7ECSqTUu8drw25IEDKGJ2hK9uMXNgfNh0l0V0LxG9Rq65heJ=
FJ2JyMp6MvDzG3pBQNZHmTUSbMsX-fRsKSqNLi8RrUQbAHtiIjqvzeyUf2aUE-N-AGUILQSUcAp=
4Kd-lMvik0jwdTAvhnyJJbySbk%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>Bitcoin</strong></p=
> <p style=3D"margin:8px 0px;"> =C2=A330,612.70 </p> <p style=3D"margin:0;f=
ont-size:12px;"> -10.40% </p> </div> </td> </tr> </tbody> </table> </a> </t=
d> <td style=3D"padding-top:40px;"> <a href=3D"https://links.coinbase.com/a=
/click?_t=3D3aca56371967418192255878e9689713&_m=3D9206ae9d9ae44530a49038239=
3be3116&_e=3DMyu1Sy9e3gvdBFFCYL4WQ4QAwoUFep6_9A3tBuxkKwUOmLqC2M81870BpZKBrO=
54yhmhv5eYBntv_fwh8uyXkT7CIsoOh-3b_xk_PSZGK-CCHDU4-kOuq7l90Lx58WBrVeWtNBRt1=
RBjBhzu3uWQuwgmxre8fXIyMXp7Qxek0vubZutqAAVtD394kQyKie0OV-6kNoPpjVn_ZwvSSuUr=
h1FnzUV5qItFdNI1sszi6Ek7Pfonrg6cVf0GApE_iKr6Ak4wCl3UzTeLtD33Qe8RPCRLukZWBUv=
KdyN4W71GeeIWlsvPYJIDj_3v56WaWue7AGiGVLFlUqtUREWRNiddnQ77xoW71BTaB_SxEWkEpT=
9oSQ_Gc8sX26yeDWV1kq-K-S_vsCynfPxOFgwBOBLjuSKZ5ZdAe4B31iXRk8IjwNE%3D" targe=
t=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody>=
 <tr> <td style=3D"padding:0;vertical-align:top;"> <img src=3D"https://d15k=
2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-=
c542cff6dd6a/3aca56371967418192255878e9689713/down-arrow.png" style=3D"heig=
ht: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 st=
yle=3D"text-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D=
"margin:0;"><strong>Ethereum</strong></p> <p style=3D"margin:8px 0px;"> =C2=
=A32,318.58 </p> <p style=3D"margin:0;font-size:12px;"> -8.32% </p> </div> =
</td> </tr> </tbody> </table> </a> </td> </tr> <tr> <td style=3D"padding-to=
p:20px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196741=
8192255878e9689713&_m=3D9206ae9d9ae44530a490382393be3116&_e=3DMyu1Sy9e3gvdB=
FFCYL4WQ4QAwoUFep6_9A3tBuxkKwUsStS-Yaq2o-LF32hM0mm3wiMgFZxctt7zAmAFVS2pJp0_=
nJEjIg1ghh727GvX2zdHbKGfRpMawyHLUBztFAWQDBDX1DXLNZ9m-y8GwI68HGJ_kdkW0s1BDgD=
dLrIQEFc98-VFQ7w_I6bnfJe-Q1V1_MIpB0K1FHEkT3WfdP8vVsePexyE4CC2lK45tHFjT3o9Lj=
yfXIe9TTJS8ZeqszMUsfbFxOwkkVSp0e-NUug03DlSBTfMhs-8T_lztshzUlbgkfROlWN9l4_0r=
bxlpAkN9zYwcOawOZO9MjhKA23_WvXLeB4_Bn5NvYkOyp_XQZqmhbAdY6wK48puokJ9r3pQ5LYV=
icxIEE8rAQ2JqwE9v8dqqtHSvCAhDjX_uV7L9IE%3D" target=3D"_blank" style=3D"text=
-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding=
:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/=
public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca563719674=
18192255878e9689713/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;mar=
gin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Solana=
</strong></p> <p style=3D"margin:8px 0px;"> =C2=A377.94 </p> <p style=3D"ma=
rgin:0;font-size:12px;"> -17.09% </p> </div> </td> </tr> </tbody> </table> =
</a> </td> <td style=3D"padding-top:20px;"> <a href=3D"https://links.coinba=
se.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D9206ae9d9ae44530a=
490382393be3116&_e=3DMyu1Sy9e3gvdBFFCYL4WQ4QAwoUFep6_9A3tBuxkKwVytrJUBQ5hga=
q5dLJbAYzFjEvpXCowQ3b_DjgCZeWeovbAtDTzO6AsOGrrAeiTZ3kR413dWV459u4K8rNBO0_Rk=
KfZ_AhVafwKnNGptuta8PuvCoU-X76B-2LL__R_tMmsd1Gjnaom4b5B3FE-z15j6QP_wGHCVRyS=
faMwb5-ThIk6K4NieVWcyKRlWNOnyvE394F9sA8a-EX0YW780HqEO75fEJ5I5cAOFUBPaNTR5oC=
VhaAYSGRYPS0yL5q1uQkw-uEseJ2ns-DzH_RvAp3rKmIE4BKhFL3_9L-NY4uLlAkUh7ufIlKc8_=
AlNmgGZoEKx4gm935pItJC9d_Bh_QZNcoEge0oWsootxkasWCdA1nyDECyczyuMCmrZ1dEMPE%3=
D" target=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <table>=
 <tbody> <tr> <td style=3D"padding:0;vertical-align:top;"> <img src=3D"http=
s://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46=
bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/down-arrow.png" style=
=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" heig=
ht=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;vertical-align:top;">=
 <div style=3D"text-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p =
style=3D"margin:0;"><strong>Cardano</strong></p> <p style=3D"margin:8px 0px=
;"> =C2=A30.72 </p> <p style=3D"margin:0;font-size:12px;"> -15.72% </p> </d=
iv> </td> </tr> </tbody> </table> </a> </td> </tr> <tr> <td style=3D"paddin=
g-top:20px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca563719=
67418192255878e9689713&_m=3D9206ae9d9ae44530a490382393be3116&_e=3DMyu1Sy9e3=
gvdBFFCYL4WQ4QAwoUFep6_9A3tBuxkKwXCb5pwnn-pQt27fm2czdGTRUCwTRkp9rRK_AhunWei=
5KuA2HwHRsh2xj92Vm1fzB8IovVTcXvEsmfSccx60ZROIzJB-f3KZHUl-I0iKlH27cNUejnSysb=
oGJZqOAxEGrQ2Nm6fvEI_yVZCh7yAc4OfYj7Hs-cTgf0Www_inUaxmFM4dvJxR-ZhsD-mg7UVpY=
5CCF6Up3QpR_WLB8vAXSkuz41VU7CPKF6gV75WUf3a2BVHEX7LeiMbReo43Ph4y5zN1EJ_cWe3k=
vmz23h2j_tZO0umA84Z4qUkkBPd0LKuc1najvyOOzVszq0VzdAB5sHkLNLSLifI8nElEMok_ukp=
IwjKS3u6D4Z9Cf2g560x7Ep_3SSaeJWS-eA1lhOaMlE%3D" target=3D"_blank" style=3D"=
text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"pad=
ding:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.=
net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371=
967418192255878e9689713/down-arrow.png" style=3D"height:12px;width:12px;mar=
gin: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>Av=
alanche</strong></p> <p style=3D"margin:8px 0px;"> =C2=A358.95 </p> <p styl=
e=3D"margin:0;font-size:12px;"> -11.12% </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=3D9206ae9d9a=
e44530a490382393be3116&_e=3DMyu1Sy9e3gvdBFFCYL4WQ4QAwoUFep6_9A3tBuxkKwUNbzQ=
-N4o2wCXGWecgV8Z_iPfPwm14BS3iWOkt9n71JcBqBQNFxDwUiDL9-XaT7XbQCdB_7kaa0hPa1d=
t7TX-gwnhOmCoqVG_WzW7of6YVDzU9c1cqLUp47KdWc7bXAKBQJguv0iyBN5XiE5fbMsj3PinwA=
QDWerNK4ex17RXEDydBsUMEy4sIbsIFDbY8yVBKcL-69IxOc8Id-JRT2zlMlJkmSi_mOnVkuEN7=
KD6hooVbJ0U2sBcfH7CbllaWj3hyoAGMJmd_0RIha8TnEX9iwlEIGWrnOf93KRWkEyiwTTlMhnY=
IoWebAEPPzMhSEJEKLLOWrFNlw40McUJPL_j5wIoBqeX2KV44BH7PbVGdFeFxBCyoXP0YxOxKDy=
msgZc%3D" target=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> =
<table> <tbody> <tr> <td style=3D"padding:0;vertical-align:top;"> <img src=
=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713=
-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/down-arrow.pn=
g" style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:to=
p;" height=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;vertical-alig=
n: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"margi=
n:8px 0px;"> =C2=A30.11 </p> <p style=3D"margin:0;font-size:12px;"> -8.77% =
</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> <td style=3D"padding-top:=
40px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca563719674181=
92255878e9689713&_m=3D9206ae9d9ae44530a490382393be3116&_e=3DMyu1Sy9e3gvdBFF=
CYL4WQ4QAwoUFep6_9A3tBuxkKwWQmXNTZE3H3OgMFTn6NYMrhilOcxeL0ygwVFTFmg4UAe5cbz=
ss1V8dvvOKTiN27AS_xU5oZPAqyAX6ub3Obr9YjXoVbEiEikPHzpL8UuDEg0NGEBXZJBtQaIqf4=
pSqrLlLraEfTNWxGfBbITGhp7V3Zy8Jb9RJuovvyUs3PWqWPEh9roZMsl6vbwNZNPBXA9e3R9aQ=
xOBxMQvVrvwTMwE0Rv1Geu3ogiwd_GcqDMeudvC0jgmhE_l2kM8IT_S2mYI072uBwOcsWoMH3tg=
yBa6ML2dXJvzhvvBo1zT5OEqeBxktKmbjC5n2XdazIDbp9PPwIh0FQLaxTn_V2wLnVeqAqJkvoV=
hLQXyF3f1vp1M2nnT1_HMHwX53Zc03extoYVQ%3D" target=3D"_blank" style=3D"text-d=
ecoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0=
;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/pu=
blic/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418=
192255878e9689713/down-arrow.png" style=3D"height:12px;width:12px;margin:2p=
x 0px 0px 0px;vertical-align:top;" height=3D"12" width=3D"12"/> </td> <td s=
tyle=3D"padding:0;vertical-align:top;"> <div style=3D"text-align:left;margi=
n:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Bitcoin<=
/strong></p> <p style=3D"margin:8px 0px;"> =C2=A330,612.70 </p> <p style=3D=
"margin:0;font-size:12px;"> -10.40% </p> </div> </td> </tr> </tbody> </tabl=
e> </a> </td> <td style=3D"padding-top:40px;"> <a href=3D"https://links.coi=
nbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D9206ae9d9ae445=
30a490382393be3116&_e=3DMyu1Sy9e3gvdBFFCYL4WQ4QAwoUFep6_9A3tBuxkKwUOmLqC2M8=
1870BpZKBrO54yhmhv5eYBntv_fwh8uyXkT7CIsoOh-3b_xk_PSZGK-CCHDU4-kOuq7l90Lx58W=
BrVeWtNBRt1RBjBhzu3uWQuwgmxre8fXIyMXp7Qxek0vubZutqAAVtD394kQyKie0Og6TzDoBD_=
nERm-odlHBzXUkzYVcGLX1WEv9E_3sdGD4R3iI8sXBY2wH5YYv7qFdQz8wfBwdR8c35Djk-ymhl=
SvfZh1BLGa0CgbdjFhkdzWFISG_ElniGWxxILhqCyvuIvI11HF--TKheaMkbouhtWCFZN6nkHEV=
ENYSLKDvYYkzl_VCwSIjmAHYpfdZeeIkmOYKKHxDFbj1KuB5tJYJJBv4CVyNtRw5ssBfdo8hp7C=
k%3D" target=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> <tab=
le> <tbody> <tr> <td style=3D"padding:0;vertical-align:top;"> <img src=3D"h=
ttps://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a=
-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/down-arrow.png" st=
yle=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" h=
eight=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;vertical-align:top=
;"> <div style=3D"text-align:left;margin:0px 0px 0px 10px;line-height:1;"> =
<p style=3D"margin:0;"><strong>Ethereum</strong></p> <p style=3D"margin:8px=
 0px;"> =C2=A32,318.58 </p> <p style=3D"margin:0;font-size:12px;"> -8.32% <=
/p> </div> </td> </tr> </tbody> </table> </a> </td> <td style=3D"padding-to=
p:40px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196741=
8192255878e9689713&_m=3D9206ae9d9ae44530a490382393be3116&_e=3DMyu1Sy9e3gvdB=
FFCYL4WQ4QAwoUFep6_9A3tBuxkKwUsStS-Yaq2o-LF32hM0mm3wiMgFZxctt7zAmAFVS2pJp0_=
nJEjIg1ghh727GvX2zdHbKGfRpMawyHLUBztFAWQDBDX1DXLNZ9m-y8GwI68HGJ_kdkW0s1BDgD=
dLrIQEFc0jsF7sfm4POPsBI8BAui6xYZF66bCumICzBpLAKNZCjNP6jK2QH48kb5RLlZDMDH82Q=
zXRV0MneaUxpHCe62oI_KAjMMD2MdyXeZ7G18yaD6n0Ih6jn-MZ9yRx89wIgETbxYPMMfzJBXfW=
jbGD92cdrBMiezF-X-iFmtNYAyMTzAoCiawJPbI3dM0SfxDgJNhXIMIwSx1m0x1mzOiAisZLMzI=
VPBLCGlWwqzEvm64a1cgnGFxu0yg3WrxlhtkeAY%3D" target=3D"_blank" style=3D"text=
-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding=
:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/=
public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca563719674=
18192255878e9689713/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;mar=
gin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"><strong>Solana=
</strong></p> <p style=3D"margin:8px 0px;"> =C2=A377.94 </p> <p style=3D"ma=
rgin:0;font-size:12px;"> -17.09% </p> </div> </td> </tr> </tbody> </table> =
</a> </td> </tr> <tr> <td style=3D"padding-top:20px;"> <a href=3D"https://l=
inks.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D9206ae=
9d9ae44530a490382393be3116&_e=3DMyu1Sy9e3gvdBFFCYL4WQ4QAwoUFep6_9A3tBuxkKwV=
ytrJUBQ5hgaq5dLJbAYzFjEvpXCowQ3b_DjgCZeWeovbAtDTzO6AsOGrrAeiTZ3kR413dWV459u=
4K8rNBO0_RkKfZ_AhVafwKnNGptuta8PuvCoU-X76B-2LL__R_tMkH_pffIf-KPBFEhhUe6dlQS=
XSZaOAjZlsS1Ya1Bj_B2POlN3VypcRgsBwdnF4S4nrXKQOetrVpBUoYGLu6A0mLj64T6GKVP16u=
NWaSsTBHYktbjD3MvSkZLhZFQRYuUcNhhDSvAKQRrDa0R1VsjjjRHAAwjn3gb5FaMv77TMvoxnd=
-tWE4MorE1FB34cRwBtWr7YZIWc31bWC3jc4FRNluRzwlCmQtDq6yyOBrRyf96aHWEf735ixhn2=
lybVGuMu8%3D" target=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D=
;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical-align:top;"> <img =
src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5=
713-9b6a-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-a=
lign:top;"> <div style=3D"text-align:left;margin:0px 0px 0px 10px;line-heig=
ht:1;"> <p style=3D"margin:0;"><strong>Cardano</strong></p> <p style=3D"mar=
gin:8px 0px;"> =C2=A30.72 </p> <p style=3D"margin:0;font-size:12px;"> -15.7=
2% </p> </div> </td> </tr> </tbody> </table> </a> </td> <td style=3D"paddin=
g-top:20px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca563719=
67418192255878e9689713&_m=3D9206ae9d9ae44530a490382393be3116&_e=3DMyu1Sy9e3=
gvdBFFCYL4WQ4QAwoUFep6_9A3tBuxkKwXCb5pwnn-pQt27fm2czdGTRUCwTRkp9rRK_AhunWei=
5KuA2HwHRsh2xj92Vm1fzB8IovVTcXvEsmfSccx60ZROIzJB-f3KZHUl-I0iKlH27cNUejnSysb=
oGJZqOAxEGrQ2Nm6fvEI_yVZCh7yAc4Ofvl91_fc4mvD0zikawcv81CrzuR-KKecd--qv3tLTzp=
HFLMafzE7rmYM1oYDY9eSKxSEgfYYf9qzF-r84SQ7JODDkda5cunCfgko93M5b1njy-NKc3hIl_=
Ljkbg7OPIfyFl7opdQnb1l5yKRpORnsEZlscqCH94H8wgyer__FvOXmQCycUVACA_PDxt9aZDhd=
aSgmWlg0d5w_fcRhCngdq70SfJZUSbZORxglOdus7eU%3D" target=3D"_blank" style=3D"=
text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"pad=
ding:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.=
net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371=
967418192255878e9689713/down-arrow.png" style=3D"height:12px;width:12px;mar=
gin: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>Av=
alanche</strong></p> <p style=3D"margin:8px 0px;"> =C2=A358.95 </p> <p styl=
e=3D"margin:0;font-size:12px;"> -11.12% </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=3D9206ae9d9a=
e44530a490382393be3116&_e=3DMyu1Sy9e3gvdBFFCYL4WQ4QAwoUFep6_9A3tBuxkKwUNbzQ=
-N4o2wCXGWecgV8Z_iPfPwm14BS3iWOkt9n71JcBqBQNFxDwUiDL9-XaT7XbQCdB_7kaa0hPa1d=
t7TX-gwnhOmCoqVG_WzW7of6YVDzU9c1cqLUp47KdWc7bXAKBQJguv0iyBN5XiE5fbMsj3P-bBN=
7pHELnIN0sRYZZMMLd3rLWkQD1Jab8068sl5cd1wPyJQy5h_5r1eQdFXCF8c7SQP0jKvq_07pnV=
BdZ_839GTiRHU6UkcOLaPPAIZ7u5arrHkTQpJ9-EGmZ9EX-NyiR1p3x4-xdGFADDdXi08Sa2DmV=
qNfsj8FcnRPTbvt5RDSjOKSjLZoA918whpvsgeAcLciAy6jKzq5sfS6XreLdyLO3yAAqbzooHRL=
nz57Y%3D" target=3D"_blank" style=3D"text-decoration:none;color:#0A0B0D;"> =
<table> <tbody> <tr> <td style=3D"padding:0;vertical-align:top;"> <img src=
=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713=
-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/down-arrow.pn=
g" style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:to=
p;" height=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;vertical-alig=
n: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"margi=
n:8px 0px;"> =C2=A30.11 </p> <p style=3D"margin:0;font-size:12px;"> -8.77% =
</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: bre=
ak-word; color: rgb(91, 97, 110); font-size: 12px;">Price changes are for t=
he past week, ending on Apr 13, 2022 at 12:46 PM UTC</p><div class=3D"cta_b=
utton" style=3D"margin: 24px 0px 0px; padding: 0px; width: 50%;"><!--[if ms=
o]><table width=3D"100%" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" s=
tyle=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:roundrec=
t xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=3D"urn:schemas-microsof=
t-com:office:word" href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637=
1967418192255878e9689713&_m=3D9206ae9d9ae44530a490382393be3116&_e=3DMyu1Sy9=
e3gvdBFFCYL4WQ4QAwoUFep6_9A3tBuxkKwUqwwGqunyBitlb14a1mKNSHNIZfzrlBF8y9wd1Li=
GPXg5TCIyoHEatBHkqILEFlM0AQ9tX-JcwP8cetG7nHUuG2zD_gXKNNqvOklU01y6WJ7bjhjFqx=
UgarU60i6Yfcjv3sjRDDsz67wncL3e7Fo_ksyQSPRnO2EnYUJ__enT-rhVgVKCPPQoXzLMn0Vy7=
FI7rdpU6nv8HITOSorkgM9qz7_YLv77VI0iaedjpv1Pp3X20-IXHgEzZuIGycNiJ7Tzp08v3GpY=
E78lfaMMcdR6WPmVw4aK31YmnFZWgwYi6YcYDEQ4Ff_xPifjIfy-EQeae7cIMxhMh9E-oYRJdaD=
BH" style=3D"width:350pt;v-text-anchor:middle;" arcsize=3D"17%" stroke=3D"f=
alse" fillcolor=3D"#0052ff"> <w:anchorlock/><v:textbox inset=3D"0,0,0,0"><c=
enter style=3D"font-family: Helvetica Neue, Helvetica, Arial, sans-serif;">=
<![endif]--><a href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967=
418192255878e9689713&_m=3D9206ae9d9ae44530a490382393be3116&_e=3DMyu1Sy9e3gv=
dBFFCYL4WQ4QAwoUFep6_9A3tBuxkKwUqwwGqunyBitlb14a1mKNSHNIZfzrlBF8y9wd1LiGPXg=
5TCIyoHEatBHkqILEFlM0AQ9tX-JcwP8cetG7nHUuG2zD_gXKNNqvOklU01y6WJ6X1KLbOH2Xwv=
d5ISoH9e9vxTvrIo0UL9LbMfq8zCb_4noL4z4isyXAuOT6qj8IqIe6MTEnv4AbCRorpvkKtBk7x=
mIex-mSBIhxS8h0s8naVX7eqMVp9wjRUDSDucf5sXwIQBd2vTsbxVRgOkUOF5gV4Q15xSvHFIOz=
t4PyDtfjZ2QL4nz5EWJODvcbwq-mt0O_kg6PA969c8_m_XnlLQLuWCluj9iwH1mwp5TbJBLcY" =
target=3D"_blank" rel=3D"noopener noreferrer" style=3D"display: block; marg=
in: 0px; line-height: 1.2; font-size: 16px; text-decoration: none; color: r=
gb(255, 255, 255); background-color: rgb(0, 82, 255); border-radius: 8px; t=
ext-align: center; padding: 18px 0px;"><strong>See the latest prices</stron=
g></a><!--[if mso]></center></v:textbox></v:roundrect></td></tr></table><![=
endif]--></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: bre=
ak-word; vertical-align: top; min-width: 100%; text-size-adjust: 100%; padd=
ing: 48px 0px;"><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" wid=
th=3D"100%" align=3D"center" role=3D"presentation" valign=3D"top" style=3D"=
table-layout: fixed; vertical-align: top; border-spacing: 0px; border-colla=
pse: 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-brea=
k: break-word; vertical-align: top; text-size-adjust: 100%;"><span></span><=
/td></tr></tbody></table></td></tr></tbody></table><div><table style=3D"mar=
gin: 0px; padding: 0px;"><tbody><tr><td style=3D"margin: 0px; padding-right=
: 11px; vertical-align: middle;"><img src=3D"https://d15k2d11r6t6rl.cloudfr=
ont.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5=
6371967418192255878e9689713/dot-1.5x.png" width=3D"12" height=3D"12" style=
=3D"display: block; width: 12px; height: 12px;"></td><td style=3D"margin: 0=
px; padding: 0px; vertical-align: middle;"><p style=3D"margin: 0px; font-si=
ze: 16px; letter-spacing: 0.075em;"><strong> MARKET UPDATE </strong></p></t=
d></tr></tbody></table><p style=3D"margin: 5px 0px 0px; font-size: 32px; li=
ne-height: 1.26; word-break: break-word;"><strong>As inflation and interest=
 rates spike, how will crypto react? </strong></p></div><p style=3D"margin:=
 16px 0px 0px; line-height: 1.6; word-break: break-word;">As you=E2=80=99ve=
 probably noticed, crypto prices have been trending downward in April, with=
 both BTC and ETH down more than 10% since the beginning of the month. So w=
hat=E2=80=99s behind the dip? The major economic story continues to be infl=
ation, which has been chipping away at the purchasing power of the U.S. dol=
lar&nbsp;for months. On Tuesday, the Consumer Price Index (a proxy measure =
for inflation) <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371=
967418192255878e9689713&_m=3D9206ae9d9ae44530a490382393be3116&_e=3DMyu1Sy9e=
3gvdBFFCYL4WQ5i0bxfGDmqAeOB7BisGANKAhS-QXlvCC6I6csZYXZvueopvMYDi3mi0ZI-S4ke=
z-murw2E-nAu4hkm9nn-PYmLnZTs14CPQ6itj433L1VKQrwBDnJHPyAZq2GFbcYQ0N5BeQbU-z0=
LV_fZCtBtuZYssRyy4Q4OZGgc0mscqP9RZEgLcozeT__XVknA0T5flwr6UGg3zUp8tcJEOVk90u=
zkFpFM-USYltHdfp0IFOH0kJgH3o4DoKEM9GZDwFSRgVVcAUYKZdmPN8NYg2ELU1n74JKZuAmWJ=
Uu66iD5slzftCTzD6jZwBhpGRMtNrXO-02jEn8MAYewOnlF6Yq45haglIsKRre3ehr1M96wybxJ=
z4O4_JhDk6UBI6wJzgIpiRQ%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer=
">recorded</a> an 8.5% increase in March over the same time last year =E2=
=80=94 a 40-year high. (The CPI includes gas prices, so some of the increas=
e is likely the result of the war in Ukraine and energy supply disruptions.=
) In response, the Federal Reserve is <a href=3D"https://links.coinbase.com=
/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D9206ae9d9ae44530a490382=
393be3116&_e=3DMyu1Sy9e3gvdBFFCYL4WQz3ZBI6E4Rp1sIPsOMt2_BLLA--GgHNRVhQuloN0=
2ucGM8g0F_Zmv5fWwoKA0H4vfjdiOvu3dMnummnPqngrk4qBS5pWXSV5syv2SvDqu6TyXpezrHD=
jyDTITRw3AkcI0Zn2M01XfWBCXlyouVa_BYNEIfwsRpQgbNxpssquUUVtqeDpMPPwLDG1PIM2DL=
WrgoPJu56B_xcoDSgBiw_0sg_KXEkxlsdYEoXD2Gcm51G5Cq5xXY9oDV7cQH3tknYaDQcO5RSZ_=
LiQ3UtX1qNqZbMORhA9uCq_Nra0_IhekN0Cha3YsnPOoVfjWvb30mBIrbzRYfwSwnnpf8pNAH6T=
2Fw4a9c62kXUM0B7aIJiDhs5WsKWMBOipwp9SP_Rm_eX-EZAPsMOP-RenfN6lVUHpHegCtNNT4-=
G3zpKxhRpzw7MxIitVjOAX4E_4qZ2B4eeBNfB_RMX9GBiKO4ZwvCZ6DE%3D" target=3D"_bla=
nk" rel=3D"noopener noreferrer">widely expected</a> to announce another int=
erest-rate hike of 0.5% later this month. Let=E2=80=99s dig into what it al=
l means.</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>Despite the latest inflation report, price=
s of crypto and stocks both rebounded slightly after the announcement. </st=
rong>Some investors may have already =E2=80=9Cpriced in=E2=80=9D forthcomin=
g interest-rate hikes, while others may believe that inflation rates are cl=
ose to <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637196741819=
2255878e9689713&_m=3D9206ae9d9ae44530a490382393be3116&_e=3DMyu1Sy9e3gvdBFFC=
YL4WQ5bdtwKOzZN1MQ75FaFcLH9UYj6QVUSV9-0V9cesxA0huX24G-FziTGnXVnKLDBomKXBbV9=
LWt_MN8-LtV2t0D0bLdA6bn2cwvk2Wq5c10nDRvDILr_tGdNEbmBoz-tJrJ_ib_Ukr8M1dLaMTK=
bDkIKnq1FUBEMkettEWvg2ajPYi3Ndzg74FKWEAmIBtZxMhE6V7QGaWbDK6d_ZNH7DNIU2J5DTt=
5DA7eLS2gl8VvPAxpcOfsnUXQnFW0lp75eagC3E57GyztHP5fBJJjmQtEBgX7_J-1fsENTjc3lE=
wDBRpM7BGlvXEN1R5lVa6UmHw5jc6D5nl2ru-jI4_0nPZAsGldUMXFK--yqb_CddA6WpHvkZStd=
h9ldSFuSuUBxcZXxnhVLN4zWE4bQ4OlrEDPvZitPaLkQwlg1D3Doksc1y" target=3D"_blank=
" rel=3D"noopener noreferrer">peaking</a>. But what happens if inflation an=
d interest rates continue to rise? Investors may be pressured to sell riski=
er assets like tech stocks and crypto in favor of a guaranteed return on th=
eir dollars in a savings account.&nbsp;</li><li style=3D"margin: 0px; paddi=
ng: 6px 0px;"><strong>Bitcoin has historically had a very low correlation w=
ith traditional assets like stocks and bonds =E2=80=94&nbsp;so why has that=
 </strong><a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637196741=
8192255878e9689713&_m=3D9206ae9d9ae44530a490382393be3116&_e=3DMyu1Sy9e3gvdB=
FFCYL4WQ-Gkm22Jzz-N_IRs0Tn57icyeuHYLejZ9eERKGntz54ANcdKMtChwync_qTfgLvOFdTH=
4dDOmwfI6e4DPfUAiAXli6h_tkGjA7gAARxBoqdH4_sKlq2JcqufMTM6dEaX6teoT7-gF9m4AHL=
ubwsG42kKGxsd1PT1rFafXu4aQHVLUi814QYf7SIJaaIr75jESTr_NX7ZWVkbFWelVpKgkneWNh=
qnTA6BaRlPPjrB-PfUBFnih89_JMQa1svnrQxva7ym9w7JsBR_jNSUjXSkVXCHP2DAluxOLHVUq=
l57JOfumgM2LnseBCid57MhzIHeEBjCxlVeTQ_AT0ogDBvGqCP4s9PzCBKnWtVVX4D-OkpcSVT3=
8r0OgPQpb-BUK6w2VhIu_IoliMNbRSMiXnuouHp4YG5HVUxzQ3sqDvEOckwWdN07H4Lg2FAhfpA=
jI3uL1ldHU-_oo0vOVPr-h_1pZ3VrIrINdgYDgVRIZSIgikHP-QJAy29n2tiKnWWLe__1lQ%3D%=
3D" target=3D"_blank" rel=3D"noopener noreferrer"><strong>changed</strong><=
/a><strong> in recent months?</strong> This may simply be the result of cry=
pto=E2=80=99s increasing popularity as a multi-trillion dollar asset class.=
 Given that cryptocurrencies are now held by millions of individuals and ma=
ny of the biggest institutions on Wall Street and beyond, it's not surprisi=
ng that the same macroeconomic forces that shape other major asset classes =
are also impacting crypto markets.&nbsp;</li><li style=3D"margin: 0px; padd=
ing: 6px 0px;"><strong>Inflation in developing economies is </strong><a hre=
f=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e96897=
13&_m=3D9206ae9d9ae44530a490382393be3116&_e=3DMyu1Sy9e3gvdBFFCYL4WQ1XI6m6bG=
MdmqTNgNPY_8esfFtCfTzcgfstPQAGJChp6qAl-PI9xi4SLucxybDD2uVhiCFB2-gepmg_Bhopa=
J0Eoc_sRV6kKrZ-0kFwdaQvhGH9ZtMuS0Gqh1Md9H-vIbZm33X2qNiPOpTcavhHVMKNm4_cEGhs=
qPlQ1Q3zMOy4Ca35BZVwos2hXf7TcBtMNmJfELUlzXJLKxF93h5NgO1w15bnWErdFgx7zPSPky7=
T_FU52pZ-NaWM2lYzqHL5Hn1KomjeqCIPY46hCtIGcMA8mTRENA1n26j1VR9dMx2Y3Npw5P-s2S=
H7diV6jbFpS3yY8Gyih1sLkRNHPkm-EcngGem9c8SnJAoeAl_A189plhVQA6GO4rNWOdEZo6JOz=
OLLKqEIQyyB41ukIQ9O81z_lRX572e3ZtD6yM57AuOnE" target=3D"_blank" rel=3D"noop=
ener noreferrer"><strong>driving</strong></a><strong> crypto adoption =E2=
=80=94 could the same happen in the U.S. and Europe if purchasing power con=
tinues to decline? </strong>According to one recent <a href=3D"https://link=
s.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D9206ae9d9=
ae44530a490382393be3116&_e=3DMyu1Sy9e3gvdBFFCYL4WQ1DJCIXbBSi5G5ENbVYOYrIejY=
_JsTFudW3yVUBg-3bg6Fh-wGrK0TRXBLNW3YyjpZsBa9kSYF1QjBybbL3YQU1-qsLVoyVcWzdJw=
itByd6qb6jD4tcucX2_X-ll5GMhaKCSsYIWWHU5mzDBAB0ifF1_pjAx3IJkwtTQn3UnZx6Mn99i=
9PhkSoaXQFrT0FfdFkW5AsWEEbbtD_OKTJRoaalyFGJ1GT3-rWU6slYZFa1f2GpXpsHx7g7Nyka=
4Uv_U4unm77POb6i9das-TSWhMiiCfxTs5rJyYQsDOx8gbLOtnTQSgldHMoGckOGnSQKBLKt_6d=
USBPoPgPx9g4_mErtvpJbqcxEswUsj40W_BG5Gogov0qxO-UhS8IXIzASs8AaBdXg3WRH85gseo=
HJqgtkvMzUk-6uav2HAx9wlBLvY" target=3D"_blank" rel=3D"noopener noreferrer">=
global survey</a>, nearly 60% of adults in Latin America and Africa (home t=
o some of the world=E2=80=99s <a href=3D"https://links.coinbase.com/u/click=
?_t=3D3aca56371967418192255878e9689713&_m=3D9206ae9d9ae44530a490382393be311=
6&_e=3DMyu1Sy9e3gvdBFFCYL4WQ2wlS_IRcZUd1Lo5AQETPd5DsM4Iu5-gmJBZE-rFs9wkByf5=
Z43nVYarUg1VP3kvGutNwtd4yPZui_BpSUsTfgSXfCDsE6t7__u6l00iDdGib4WLd31afiz63lT=
ZZjg9s4ZWsL7-gW5rCbdv_rGhbjQSoKahr3gcrMJ7h19kgYiwmwTZXg7JkT1aC1F3lFOadO6ioU=
vJZAqZN46XQOKpXIH0880DrXWxCjqyJSJFqbhpv1611HE29lxM5KcrTq808AuG77NHPIvWbfWgz=
fzpirK5qesvo-8t0-kzRRb1-Q4jTO66FPl6vBJpSvrZMLe2Nff9_MqNEOr-3-fY-m-3RSglAByt=
x-FH0lnUjLQAKgWomxDPHK8PCDz9jyzLQNp4OIwwy5-FX0B5kKx0RvfOuQ85dPnCaYaxy6YmNoR=
DCHy5" target=3D"_blank" rel=3D"noopener noreferrer">highest-inflation</a> =
countries) say that crypto is =E2=80=9Cthe future of money=E2=80=9D and abo=
ut 46% of people in those regions say =E2=80=9Ccryptocurrencies are a good =
way to protect against inflation.=E2=80=9D&nbsp;</li><li style=3D"margin: 0=
px; padding: 6px 0px;"><strong>Wall Street continues to make new bets on cr=
ypto. </strong>In a new <a href=3D"https://links.coinbase.com/u/click?_t=3D=
3aca56371967418192255878e9689713&_m=3D9206ae9d9ae44530a490382393be3116&_e=
=3DMyu1Sy9e3gvdBFFCYL4WQwHrA5tAzE50KJ46lsjUN74QLBtZV3hCgkX2tTilb_jwS-SI8Tyl=
oQJue1xMvWLlja4_ZDXBT9yvNGr9Q7XJSP5tZektPI8cfthyU_Y1q1iJsZALZMCk7mH5jQIPANi=
aUxy5vJWgqB71hRzGpXOrCMJEL4KmSxe8K8f3enOtzH03Rjdj5EShL_PIwzSDn3uPrGjJ3zDgI3=
efeRBCM9v7eeSvde-rSmkEESnK0RKUTn3B3iN-CK88Gl1iCy9TG5WXJR69b0DbCznK6l5FG3dZw=
VtOBlAtixicmaMI3KPHk9bvSj3vPVnANztPm0Ih-puPqvw87cpzh_vUrBr9zliTw0MwRJ8kA-l_=
FbYskqCnBf-JPOcNPYmxS7asgH8HDsFeTwDxMILEU-ffVLU1qs5HS-yzIzK-wiFDxyC2EVgB8mp=
_" target=3D"_blank" rel=3D"noopener noreferrer">shareholder letter</a>, JP=
Morgan Chase CEO Jamie Dimon (a longtime crypto skeptic) touted his bank=E2=
=80=99s adoption of crypto technology: =E2=80=9CDecentralized finance and b=
lockchain are real, new technologies that can be deployed in both public an=
d private fashion, permissioned or not. JPMorgan Chase is at the forefront =
of this innovation.=E2=80=9D Another longtime crypto skeptic, Carlyle Group=
 co-founder David Rubenstein, has <a href=3D"https://links.coinbase.com/u/c=
lick?_t=3D3aca56371967418192255878e9689713&_m=3D9206ae9d9ae44530a490382393b=
e3116&_e=3DMyu1Sy9e3gvdBFFCYL4WQ8N1uen4sPmA3SrC7RqGHeUA7Nefc9Y4wd-u0iVgM41-=
xKITV9OP6xynoKHkKVYs5GQVbtHimLq92rbk1F1yeDznHSd_TGva7notYkfLdJSYcBUm1UNf1ZR=
eV-LS1xEXu5B79Ywf1COv0SqqNstRTLPGZYyK2UH7JgqoBszxRevRfIYcqngfRs5HPinkVfcdAA=
VifB7eA-sVWH92V0_DJNman2UW0iBnyXhDje50B4PGgDev7D0HtFRromF2fSnDxdkU5DYENe5iP=
7JusdPrcls5CsYQ-HSLGZv_PVZgJ-2svqLhtVYqFx2K9j7GhAojKediiocTrB-WQDBfyIaitI-P=
oy56iKBl49HyW0iiQlNNkmOs7oDnMFc-X-Gyt57wuPoMh_gMOMu4_fWFcmfqoq1Bi1CcbblDUNA=
4YA3QTyXzs16fCPN9b_ioG1Rlqw6VwYYn4rxlNXTV_k3thJmQbmQ%3D" target=3D"_blank" =
rel=3D"noopener noreferrer">evolved</a> his stance =E2=80=94 including inve=
sting in crypto-industry companies. =E2=80=9CIt=E2=80=99s clear to me now t=
hat many younger people don=E2=80=99t think there=E2=80=99s much underlying=
 the dollar or the euro or other currencies,=E2=80=9D he noted. =E2=80=9CHa=
ving some cryptocurrency probably enables you to feel better when you can h=
ave something that=E2=80=99s outside of the government=E2=80=99s control.=
=E2=80=9D&nbsp;</li></ul><p style=3D"margin: 0px; padding: 0px;"></p><p sty=
le=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;"><str=
ong>Why it matters=E2=80=A6 </strong>While rising interest rates may have s=
lowed speculative investment in crypto and other higher-risk asset classes,=
 rising inflation is also shrinking the value of the dollar, euro, and othe=
r fiat currencies. So what will happen with crypto over the longer term? In=
 one scenario, rising interest rates make cash more appealing, causing capi=
tal to move out of crypto markets. In another scenario, crypto=E2=80=99s va=
lue proposition as a decentralized alternative to fiat currencies grows mor=
e compelling, attracting both retail and institutional investors. As always=
, only time will tell.</p><div class=3D"cta_button" style=3D"margin: 24px 0=
px 0px; padding: 0px; width: 50%;"><!--[if mso]><table width=3D"100%" cellp=
adding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"border-spacing:0;borde=
r-collapse:collapse;mso-table-lspace:0pt;mso-table-rspace:0pt;"><tr><td sty=
le=3D"padding:0;" align=3D"left"> <v:roundrect xmlns:v=3D"urn:schemas-micro=
soft-com:vml" xmlns:w=3D"urn:schemas-microsoft-com:office:word" href=3D"htt=
ps://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D=
9206ae9d9ae44530a490382393be3116&_e=3DMyu1Sy9e3gvdBFFCYL4WQz1y9ZKGAWRqgjHJ2=
7fhUqb130O9ly1rGmXAE57yHHn95E1PSU5oFYL82SgomBEi0i1WymCQ9KuUQZ8So6eAmFBP8mrP=
4o7CH0SLrkdzcGqc5B6xE4gWayCuDxsBjaJ5cO1YSWAjT5VUBgMAwr2Wnt8EoGeEbjj52pH_wkv=
gpJzgaWdAkJYI-vlW23w-htWobGonYNI8UWhxvl7GodBDyXvZXRhyTjLYPiDT8O4_yHvNaEDQhQ=
u253akCux0FJjMMo1iyOM5SJ2IOJSs6qhWeNkfRpl-305bobFtWWNbMLvPWFukJA73ptBg3Edy8=
znj2BwWI-xl_qxAxAmQ4SQwlGQwh_kVP0sJgwPjYrvmIr4JFDIBeh5wZSmlvo2NsX-NJ6GkgKVA=
h6_j-bCE1i29xy94tE8rO0X-sep-Gzbf2XWQRx-zKwktz0L7gT18JcHPLw%3D%3D" style=3D"=
width:350pt;v-text-anchor:middle;" arcsize=3D"17%" stroke=3D"false" fillcol=
or=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=3D3aca5637196741819225587=
8e9689713&_m=3D9206ae9d9ae44530a490382393be3116&_e=3DMyu1Sy9e3gvdBFFCYL4WQz=
1y9ZKGAWRqgjHJ27fhUqb130O9ly1rGmXAE57yHHn95E1PSU5oFYL82SgomBEi0i1WymCQ9KuUQ=
Z8So6eAmFBP8mrP4o7CH0SLrkdzcGqc5B6xE4gWayCuDxsBjaJ5cO1YSWAjT5VUBgMAwr2Wnt8E=
oGeEbjj52pH_wkvgpJzgaWdAkJYI-vlW23w-htWobEMornRTM6DrrxiMTHe2SLTX8w33XnIh808=
H9H6vm0z90BDuwQNPVF-GEKLUfNNTMWW7c5Tocw1l-W_D58LEMJPvBg3pB3O-O_tVtqeFx5-Loc=
Ky7aEWJLJLSZlb591iI26Y2x7AUONKo2LlNglHQpR3F-vAtSMXumw9PWBlgrmMVuI8HjN5TerMK=
wjileEV25NgvWrsv1KzVQx57fKoxCJb7kooAXqlR3sPSbpZE9SvteXI_aoQlJSGC76oxQBl_g%3=
D%3D" target=3D"_blank" rel=3D"noopener noreferrer" style=3D"display: block=
; margin: 0px; line-height: 1.2; font-size: 16px; text-decoration: none; co=
lor: rgb(255, 255, 255); background-color: rgb(0, 82, 255); border-radius: =
8px; text-align: center; padding: 18px 0px;"><strong>Learn about inflation<=
/strong></a><!--[if mso]></center></v:textbox></v:roundrect></td></tr></tab=
le><![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%;"><tbo=
dy><tr style=3D"vertical-align: top;"><td valign=3D"top" style=3D"word-brea=
k: break-word; vertical-align: top; min-width: 100%; text-size-adjust: 100%=
; padding: 48px 0px;"><table border=3D"0" cellpadding=3D"0" cellspacing=3D"=
0" width=3D"100%" align=3D"center" role=3D"presentation" valign=3D"top" sty=
le=3D"table-layout: fixed; vertical-align: top; border-spacing: 0px; border=
-collapse: collapse; border-top: 2px solid rgb(222, 224, 226); width: 100%;=
"><tbody><tr style=3D"vertical-align: top;"><td valign=3D"top" style=3D"wor=
d-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; paddin=
g-right: 11px; vertical-align: middle;"><img src=3D"https://d15k2d11r6t6rl.=
cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6=
a/3aca56371967418192255878e9689713/dot-1.5x.png" width=3D"12" height=3D"12"=
 style=3D"display: block; width: 12px; height: 12px;"></td><td style=3D"mar=
gin: 0px; padding: 0px; vertical-align: middle;"><p style=3D"margin: 0px; f=
ont-size: 16px; letter-spacing: 0.075em;"><strong> COINCHELLA </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>Bitcoin fans flood Mia=
mi for annual crypto bash</strong></p></div><p style=3D"margin: 16px 0px 0p=
x; line-height: 1.6; word-break: break-word;">If you=E2=80=99re a <a href=
=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e968971=
3&_m=3D9206ae9d9ae44530a490382393be3116&_e=3DMyu1Sy9e3gvdBFFCYL4WQ8Z8mG27Wi=
5SuDOcGX4GKv78vGm3AqIeIUCQVMnnIM-0FKCeZTwPuanM4jDZgK2Cq1qI2HA1KV5NTnwYSAfnh=
BlJjPOS061f6bdoLQjo1mCTwa-vORntlx-Ox9vb7f_VSvvn9ZkAoRKu06aO0Z7poWZRa7vvHdMZ=
khMIygdOL9Q4xaZSEm9T4KVbPhYCVKL11EAzbPfaFBYbOs2OY6J4p5X4lRL4ne_dxqeO3pv-b1a=
Boyn414tyMIP6ofViUi1rHvygKp7GtXw8IlTIPTK_GataDqbCydo4QWlDp8tw-IslaEtGW53OU2=
hMZPzPHTqaiAxOf1NwelfmC7Rj_SJmAtYhHtYasVYv7aJePgxoYrc3KnxciNl3yWNr6v5rEaEYx=
wzEHmLwbRR1O_6pj-oWd3I%3D" target=3D"_blank" rel=3D"noopener noreferrer">Bi=
tcoin maxi</a>, all roads lead to Miami =E2=80=94&nbsp;home to BTC-boosting=
 mayor Francis Suarez, the most yacht parties this side of Cannes, and the =
world=E2=80=99s biggest annual BTC convention. With roughly 30,000 in atten=
dance (double last year=E2=80=99s event!) Bitcoin 2022 had it all: an inter=
active screen that gave attendees <a href=3D"https://links.coinbase.com/a/c=
lick?_t=3D3aca56371967418192255878e9689713&_m=3D9206ae9d9ae44530a490382393b=
e3116&_e=3DMyu1Sy9e3gvdBFFCYL4WQz1y9ZKGAWRqgjHJ27fhUqb0v4qmmXFf1auA9c7tb97e=
eWjbpm1wF8b6ftxIOQJI40PbJTDX4xZQpppcJTdgVMkOiXxRcLJOynTB1cBIszFSxfGH6y_VjJM=
HjUQOTzRUGjpIWxLAQzOYdRcBYlrLHx1VzWLkYvAEbIyG-gqSkzL2xthci_Xmf1WQGmbYfVCQw7=
yaSc_LQJCHINwVezW7wBr4iRt4zKtDHISCrEPKpQJxKpZtZOT1oLcYWjGLscGV2gp9r1bTuYAgl=
2QppjhasKCkLfCQvYBj2Mg0GDgGgdY24lSLoFlGFoC4SzbbySMCqWd5oMCLxSgQF3WIuYaP-Y_d=
Lurxdfnv3I-jbiXFmU-CXvtnswZMcw3-hQyhc5xmodDt4FITZBOB-2eltyysAY7V6lWz0BwiV-f=
gLKAC0ARJBZ1FVbaTB6tS3g1jsHGKvA%3D%3D" target=3D"_blank" rel=3D"noopener no=
referrer">laser eyes</a> as they walked by, Suarez unveiling a 3,000-pound =
bull statue, and EDM-powered after-hours parties galore. Of course, there w=
ere also plenty of panel discussions and keynote speeches from industry lea=
ders about the future of Bitcoin. Let=E2=80=99s take a closer look at the h=
ighlights.</p><!--[if mso]><ul style=3D"line-height:1.6;mso-line-height-alt=
:26px;"><![endif]--><!--[if !mso]><!-- --><ul style=3D"margin: 10px 0px 0px=
; padding-left: 24px; line-height: 1.6;"><!--<![endif]--><li style=3D"margi=
n: 0px; padding: 6px 0px;"><strong>The weekend=E2=80=99s headliners ranged =
from Peter Thiel to Serena Williams. </strong>Thiel delivered a <a href=3D"=
https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=
=3D9206ae9d9ae44530a490382393be3116&_e=3DMyu1Sy9e3gvdBFFCYL4WQx6wAQqmnt12am=
NKsITpkd-81NUSOwXgaQBURey-CZvfoAhXUwM6jvPu2Ab_2ep9VRZEndzNbD9FswLCZRTm1p17c=
82SwjFRKKHvtSOs0CrIqLFmEl-vVNNatQ7nTNUYbXfl1a4K7e_dpP2htHpeYTXLwuIuqf83KXQD=
ndspw5TkwdpRsA-tdVqjyM2Aeh-8ngNswh8Z4PQdH2HsZ_2HvoaFbiYypnOnn2J3P2yreCxXLxs=
pvlM6sxRF_VQdIZBev27pszJuhrA7ebEKUPKxvTSPwaXD1KVtHeOe0lrJtRb3fhZ5XLkgAz8ErM=
2TsJLuwNgsGeaRqLASTvnXwXcuzOj8mKd5aP_0HrSCuEi6UYNajX9wG8p4B5YaOlJMUFKnHvFVO=
XdGS9Z3DMw80ax9ice_Hf8if2tVTragpyHEaK-g" target=3D"_blank" rel=3D"noopener =
noreferrer">provocative speech</a> calling Warren Buffett a =E2=80=9Csociop=
athic grandpa=E2=80=9D for not believing in the future of Bitcoin, while Wi=
lliams (joined by NFL stars Aaron Rodgers and Odell Beckham Jr.) hosted a m=
ore measured panel. The tennis icon praised BTC for its scarcity, Beckham J=
r. added that crypto is a popular topic in NFL locker rooms, and Rodgers <a=
 href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9=
689713&_m=3D9206ae9d9ae44530a490382393be3116&_e=3DMyu1Sy9e3gvdBFFCYL4WQ0exD=
1FnZqAwfI0isXj8QYzO34Dp3uDtUUWkG8OGm_8iH4qM8WJCZJR6uY6mZ-Px0ot-o5yQ_eNKGl0H=
AfjsHth8J6VFkNZ8D0btvU7t9LX6UoCkzYnXMsZifODYVqDcLsWnTyi-9VPJGdBd0_xiOr-ITI3=
JyI_VJML1d552JVf_wqC9SuAdHUvg04jeK_g4dyOHmVgDG1csY4rVyGgWb32rTMbOfPFAbtaCGG=
bQpJNQuu_K4JxYygYZs-sEfcIbovC0or89x2FLbsjc1fdd_DLyQb3-odvRPtdZ2ml1Ak-QdhV9O=
LmhnuKLv2VG020irTeUfYMp3EnWTuQ0yuygLaS2fqUbfpKWVcuvaoyS-gpc1cD2snzi7CGjlnRG=
6esK-Es0eP6NqopCGrHss2cnTMRDW6DDi7vHiEWHj1TXIFw3D7hRLYnYKrsnPiM4FW1jTLozuEP=
FopdnTPsgfDG40VldNuvreyo-CVN5977vbcDA" target=3D"_blank" rel=3D"noopener no=
referrer">opined</a> that the original crypto =E2=80=9Cis the best defense =
against inflation.=E2=80=9D</li><li style=3D"margin: 0px; padding: 6px 0px;=
"><strong>Shark Tank investor Kevin O=E2=80=99Leary </strong><a href=3D"htt=
ps://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D=
9206ae9d9ae44530a490382393be3116&_e=3DMyu1Sy9e3gvdBFFCYL4WQ2D1nXITcoqi3SJdI=
tgvo4oXb7WYL2IzB2TnvZrDe4Q7UiuMrEsAfZPazcbnKQmvBWajFpdGg2qETUmrnMfYKLT_ltPh=
aYNrwbCE11yWUBgAcg_iHV8qOsO6F-8EEXne5V3JWlfSLx69sBkEjyx3lT68kKsZrmdJhT6O4Rr=
sbP8F1x2Sg1D0vcjXqP1iZT868hJiWWCinq5wIh9Hv3uDJGPtob6I6fBzy77sg_Dgi-DfZe6N-Q=
SdLFKZR2axKgy_36Ao9MEUoW7ZjY0pO7PsnSpy0F9zr7l5-cedoom6zjF0nICa1VFbW6czrsV3x=
WIAsUaDSmYnYSCaO40NzjOWvG7yzY84YucYmO8GLX9MyHSZk46vNl8IWVEaeIr5T6f5T3UcJ-G8=
s5GQdHrjFW-AsbfNEKmaJ5dOGpdmJOYLwc49S_zeDfpoKsjvQvnaUC8ihq5iusXfAloZwYcyH_Z=
_Fj5Mx-PlOVbPvgNO37sgF-vq" target=3D"_blank" rel=3D"noopener noreferrer"><s=
trong>gave a speech</strong></a><strong> encouraging U.S. lawmakers to pass=
 sensible crypto regulations</strong>, a move he said would send =E2=80=9Cs=
pigots of capital=E2=80=9D into the crypto industry and pave the way for cr=
ypto to become the <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5=
6371967418192255878e9689713&_m=3D9206ae9d9ae44530a490382393be3116&_e=3DMyu1=
Sy9e3gvdBFFCYL4WQ17ubLhqITRTUEOGanC6CuyTVU7Pn7OJv5PYR5wpOvT_WCHmdejHl5d00ue=
2rYlr7D-uLNVIl66k-LXSu62LAaN_H8PX6-N0FDS0CH_s2Vqk-U6d-xCCzRIEbVp_8hKnnc_O3L=
wdTneHtt0tP4QjHfmTGCFjMLIXpF7NDBe6fINM2GxuPc93Dbe-m6ljGO_IpKiKkbEUYUEIQyeb-=
MOQ_G-WOwEzH4T-HPygkuATpePUkdypCxfKFRFAFz9kItI97nJsuhxgr1sGBuQ0cEs6unKlSEMH=
DXi9iXjItG8o0qj3je6Omh3oxVfVZugp_AcwsTgitUWz0D7rr7o3akcpH4JZMVA9AQFSzPjS7qa=
YHi3du3121MkE5KLNllYZVmZD7j0YrRsYHCn8EM8pu8vayAAl-Sqh1yAzGK66yUlWktV9" targ=
et=3D"_blank" rel=3D"noopener noreferrer">12th sector</a> of the S&amp;P 50=
0 index. Also in attendance: Wyoming Senator Cynthia Lummis, who described =
her <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637196741819225=
5878e9689713&_m=3D9206ae9d9ae44530a490382393be3116&_e=3DMyu1Sy9e3gvdBFFCYL4=
WQ4dGcsdxulpD-ERyIXTn4Qe9JdjAIWEMiekhz5iYi7yzIv-xuJMfk0g3zBqd2llehc_0KU8Zwx=
TuyrDLEozaZe-1RaPJsPblRD--Nac8KykZiRM4gAZvNG6xDq6fNp9gF2_nvtx4DdWq3qZe6q5Qk=
Ax8cEzpXlydRNSs6Ae8kFjC1x994Fo0lgAUAHrOpuu42ijm80fRZ4L60B9EhSoHJzQstGHJ5BYQ=
xHQTSgaDlJvw9LwbI1nrLsDGx8lNUtdnLApquTigwgXLuSqxxRCmzvziM9tA-AUd9UozhNogVD-=
rFueigSs8pTF3ByWXTv1FpKRD55jjJimj2IToHQw_EsCx-ae1ydcPUVPN0mR2WUsU5VlaA5I6Yt=
77Gb5OffFmRolrdhGanJNxvg-IBl2BhmOtpILhN85d3c0nR23zF-sVrR9F-DjqWvL61oK0j38sF=
YaX1DEhsTDV7wctLX2utiw%3D" target=3D"_blank" rel=3D"noopener noreferrer">fo=
rthcoming bill</a> (co-sponsored by New York Senator Kirsten Gillibrand), a=
s "a legislative framework that we hope will provide the sandbox for innova=
tion to occur, but also put some regulatory parameters so you all know the =
rules of the road.=E2=80=9D</li><li style=3D"margin: 0px; padding: 6px 0px;=
"><strong>Officials from Honduras, Portugal, and Mexico </strong><a href=3D=
"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_=
m=3D9206ae9d9ae44530a490382393be3116&_e=3DMyu1Sy9e3gvdBFFCYL4WQ2D1nXITcoqi3=
SJdItgvo4pdsk6iIrYZVq-CWlpkx60PpxXNG-gP3pzO6FsW1vJ3sFgI6VKNbbiVAl8fbeu-lJ4j=
m3h0sy78ovqDddCZvcI8sdkIqvYxj5FPHgdKXm8f2nf4strEr8BWnVDyAjxIP0hxUN-yB-hSP1L=
okzIB8CACnNRaYqgOAQxJyd5DHlihSctsw4k22I4Xp_n_f-dNSQIm5cfURg1co1T_PhxXc3cTpX=
fcLxoJF3J96VQ5SiZdw8K4dggYPzno2xLi-ndztUX_S_C5nHH7rmRaK3xIDxL73IV_iRYOq8CTW=
xPBP4lh0v5DBEYRoBrpjuNwc8hjxc5-VJPeWLMAXpgeEl-wpUJsySORca7pSNq1CZz-o2cO8Yv3=
3ALb8_B_hZMMYbTRdeOU0SMI6njMkanpH6zLntz2nz9SSx9cmY3BiC6qjHe8eg%3D%3D" targe=
t=3D"_blank" rel=3D"noopener noreferrer"><strong>appeared</strong></a>, tho=
ugh none matched El Salvador=E2=80=99s Bitcoin 2021 news, when President Na=
yib Bukele used the event to announce his country would be the first to mak=
e BTC legal tender. Honduras announced a =E2=80=9Cspecial economic zone=E2=
=80=9D called Pr=C3=B3spera, where BTC will be accepted as legal tender wit=
hout capital gains taxes; the president of Madeira, an autonomous group of =
Portuguese islands, also said that BTC would be adopted as legal tender the=
re; and a Mexican senator announced that she=E2=80=99d be proposing a law t=
hat would legalize BTC.</li><li style=3D"margin: 0px; padding: 6px 0px;"><s=
trong>Are Bitcoin maximalists finally opening up to </strong><a href=3D"htt=
ps://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D=
9206ae9d9ae44530a490382393be3116&_e=3DMyu1Sy9e3gvdBFFCYL4WQz1y9ZKGAWRqgjHJ2=
7fhUqb130O9ly1rGmXAE57yHHn9rrIT4z2VHQET2kfNlJlAryv_sISORvGz5_eVfCR3ILJPpkEX=
C1v4NLq4FoLh8UM-trnUpOXLogOFa4uIW0e2wSnlmy9wxVGzhU082jE8wxSJnNMulc3d39Osut1=
F1IgVDQqzTuGvwZ7uHBVBMS3SR06vvgBMvf4x-ElyTkuDJ2E3dRjwSfb-xD592_E4qKGGahRBLL=
pnSXb7K4vZZAS_tHIzUtBJIYs0Uixe0EMAijCFZTZqCZ2ZXbBDv_h6qKcyq6hiriy-GviM0QEhp=
r_mtQg0FqAY_yhJukSK6cC8GJfVxRRTD1P3Um5hexqQrilOkVFGwX5gwi_m-G1FPBmCD5uKL6sd=
YunrtLSteRYpCfImx45GegwiuAHkyp6OibpX_VnxfVgg2y7gzqtm4ulpb7FjjDht2P2i8NMFD8p=
dN0OyYCO8EmFUaUrUyjVK78la9ckFvUYMXqGpaYwFTHuFmcH3HwtQRZxBE9Qoy_8rX5WRiAbgxD=
u1Jl4Aw3ixQGMG" target=3D"_blank" rel=3D"noopener noreferrer"><strong>DeFi<=
/strong></a><strong>? </strong>Bitcoin=E2=80=99s most hardcore supporters u=
sually <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637196741819=
2255878e9689713&_m=3D9206ae9d9ae44530a490382393be3116&_e=3DMyu1Sy9e3gvdBFFC=
YL4WQ471CHXGPGcusWqVff2tu-4iUm24L5bj5vTRHve6SiifQ6KtMFG-kPGrtEGJWpsQgFcb8_7=
cntj51ZMz4sRs3T0BpM0uRLWhLTOqtENYVoFa1L-zUNxOqAkNmiyrGK4eMCuZUF3xom3bd-o5OK=
0LkekAyuE6V5JO_g-epCMYS9bffYMPZgsPTeEOLwGT_TLL2ATzRLLd_ekKcqQTNULwHDFXrOIXO=
KIcm9dNiaiOvdHMm1AUjE2XoP_fNWYSeZpf_Z4tgKh5jR4gDLgGzKiv_aDXqcm15IDl_-9Ib4QQ=
8e4jkPriiYPCvyTM0xNGjLHK9WJFfaMxb9NWBubJSYq7kUGFOxK8C4cK7jRgJFrHVJtq3PSctyn=
RrY0j91LbZY-PwA%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">recoil=
</a> at any mention of crypto beyond BTC as decentralized money. But there =
are signs that <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371=
967418192255878e9689713&_m=3D9206ae9d9ae44530a490382393be3116&_e=3DMyu1Sy9e=
3gvdBFFCYL4WQ5mgHeBsb-1jDppvDa5UsGxx9qt_04pkkn9YF_G3AlgkjSe7iX163JMVBz8QlCP=
FwcSqd7Tvrd3Gk3qwn3X_5s2zWXsdDfMEWpXESGGekzBm5yF3Q9wlDfJxt-O64PNbWdayyH6d5l=
insDPwnEgm-3K-lZv8tr8KIAXfQYgtQpLMSDAWknBHu2viQNY-7x40vN5kUKdv8Btj4XARy_LOI=
Lg3-hLm7kDHoP87znJH-R2ecy_KxJjoV3qisH_PxZdBXGQ0MCnLSjsibCrwQANB3bVVwhKOcO9S=
RQqKe3MJC8YIBqoh-PjTqPJoEOJLyy0j1lhVc3OeMNa7za20jlgghXLx0jljAKW4gJiFnIenq01=
_dcX-M6tWipS7IZ-7_NqDXeQklEfXBeA9N2GlfxlHd_A%3D" target=3D"_blank" rel=3D"n=
oopener noreferrer">view might be shifting</a> =E2=80=94 a few presentation=
s at Bitcoin 2022 focused on bringing DeFi, NFTs, and stablecoins to the Bi=
tcoin network. One product, called ALEX, allows BTC holders to pool liquidi=
ty, similar to ETH-based apps like Uniswap. Another, called Sovryn, uses Bi=
tcoin-based smart contracts and allows bitcoiners to lend, borrow, and trad=
e on margin with their BTC.</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> Prices may have slumped in=
 recent weeks, but among Bitcoin 2022 attendees, BTC fever was very much on=
 the rise. Among the weekend=E2=80=99s main takeaways? A broad alignment on=
 the need for clear, fair regulation and a sense that the biggest cryptocur=
rency by market cap has evolved from a niche asset into a mainstream preocc=
upation. MicroStrategy CEO Michael Saylor illustrated the shift in an anecd=
ote. Two years ago, Saylor approached a Merrill Lynch broker about aquiring=
 some BTC with MicroStrategy funds: =E2=80=9CThey laughed at me and said, n=
ot only will I not sell it to you, we're not allowed to talk about it or we=
 get fired. Now my inbox has Bitcoin research from Merrill Lynch, sent to m=
e by the same broker.=E2=80=9D</p><div class=3D"cta_button" style=3D"margin=
: 24px 0px 0px; padding: 0px; width: 50%;"><!--[if mso]><table width=3D"100=
%" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"border-spacing=
:0;border-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:schem=
as-microsoft-com:vml" xmlns:w=3D"urn:schemas-microsoft-com:office:word" hre=
f=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e96897=
13&_m=3D9206ae9d9ae44530a490382393be3116&_e=3DMyu1Sy9e3gvdBFFCYL4WQz1y9ZKGA=
WRqgjHJ27fhUqb130O9ly1rGmXAE57yHHn9b2by6jjHOZIvs3VGGcmuvuyeWvAWx3fn6feCAYvH=
S0VzEFn7tyBSeP12jWkw7L6_Ko6BwvvlcwlS7FwLtRbEUY9xkwOWAMb-I-TH93GoymDtSkWSbqk=
THhBOK5TuU6xqsmkHDlWZD04Dx0UeAYK9DMv3oYwFyOzENraEQyVzaiAktDcv4F_r7fa6_t0PK2=
yWkkZtDWKOBD21MV16WiFrezimPH5j8uAleyZ00lTBQE8N2zJh8DaVn2-sOlv0T5ZCkvPiN2x_P=
o8aQ4Z-I3cTUx9LK0SPErBNOcIAg-wQnZZQdTpiPfDPpSE0bfd-MhfKi-QZl1hDW-v164xv2y5J=
vbVvTJtGu_iSjtlFteudc2QKo18-xiMXL34evZeWSvnOhdICpjSmlohSDrSNYhvA4g%3D%3D" s=
tyle=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;"><![en=
dif]--><a href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196741819=
2255878e9689713&_m=3D9206ae9d9ae44530a490382393be3116&_e=3DMyu1Sy9e3gvdBFFC=
YL4WQz1y9ZKGAWRqgjHJ27fhUqb130O9ly1rGmXAE57yHHn9b2by6jjHOZIvs3VGGcmuvuyeWvA=
Wx3fn6feCAYvHS0VzEFn7tyBSeP12jWkw7L6_Ko6BwvvlcwlS7FwLtRbEUY9xkwOWAMb-I-TH93=
GoymDtSkWSbqkTHhBOK5TuU6xqsmkHDlWZD04Dx0UeAYK9DPPtqJng9nyA2ZeklC0t5MFmG6PMI=
QDpNC-Cup-JQfZpXLZTv0sTUR_UOjsjBeY-yWcjEy_DYl8iJ3LWsGxGAqgHah0TcqskPkCHYKKN=
q2TQdTQtW3hTH8ZAbZ2bqM10WgBfmXG8IvMPPJxrpiZETYfNg0faMzD1ZR_JuW5FZcNgcgHzoCa=
0HHxUuZY_9aowoZovcr5mD5UbyvqyY6E9zzs-Zdl_4dVUnkR05TreCFLEFjr-i4m8nO3rWLRgE7=
trVQ%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer" style=3D"display:=
 block; margin: 0px; line-height: 1.2; font-size: 16px; text-decoration: no=
ne; color: rgb(255, 255, 255); background-color: rgb(0, 82, 255); border-ra=
dius: 8px; text-align: center; padding: 18px 0px;"><strong>Learn BTC basics=
</strong></a><!--[if mso]></center></v:textbox></v:roundrect></td></tr></ta=
ble><![endif]--></div> <a href=3D"https://links.coinbase.com/a/click?_t=3D3=
aca56371967418192255878e9689713&_m=3D9206ae9d9ae44530a490382393be3116&_e=3D=
Myu1Sy9e3gvdBFFCYL4WQz1y9ZKGAWRqgjHJ27fhUqYszXJq9QmyA-5BbUUHeGy9OByvnrbaZuC=
N-abPTKaxi-mQRMBBHnWSHJ2BNO7SDlAgDShXz8lGz8jscWeh6giGACbYLoelPocRCEH77Ylbpl=
cBO_OhsgWC21ZGT5EvikrAGRwea9IBaMMsra_D529-yvA3y0m_2j2jAPRap_Y-fXrqXcRaALndT=
Ul0T5xuyle9YPLqgM-CFsNkfQ75gA7WNjyBPHXTWVzUg3qAFDXBm20DZAZllsgJbfE2_B0Qv0yC=
fflNrAJ04JfbRQ8wiv2qib0EGN2nUKP3Air8mOP9aaER6fjMdO2aL4QAeRheeEiCrM2dj4p5tI7=
sFnBz6abMi3Jrim22emqRjU03DBQ4dwIO_yeJoMUW4ly9o-Tiykc%3D" target=3D"_blank" =
rel=3D"noopener noreferrer"><!--[if !mso]><!-- --><div class=3D"desktop_hid=
e" style=3D"display: none; max-height: 0px; overflow: hidden;"><img src=3D"=
https://images.ctfassets.net/q5ulk4bp65r7/7mlKQeAllyMjMYlTQzfzR7/bad1ff961d=
9d12ed809ae019db575dc8/promo-mobile-referral__1_.png" width=3D"100%" style=
=3D"display: block; width: 100%; margin: 64px 0px;"></div><!--<![endif]--><=
div class=3D"mobile_hide"><img src=3D"https://images.ctfassets.net/q5ulk4bp=
65r7/7Lujvt3AceTqWD0VnCjFAJ/23b9a926cac26787c887eb027fb59d95/promo-desktop-=
referral__1_.png" width=3D"100%" style=3D"display: block; width: 100%; marg=
in: 64px 0px;"></div></a><div style=3D"margin-bottom: 16px;"><table style=
=3D"margin: 0px; padding: 0px;"><tbody><tr><td style=3D"margin: 0px; paddin=
g-right: 11px; vertical-align: middle;"><img src=3D"https://d15k2d11r6t6rl.=
cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6=
a/3aca56371967418192255878e9689713/dot-1.5x.png" width=3D"12" height=3D"12"=
 style=3D"display: block; width: 12px; height: 12px;"></td><td style=3D"mar=
gin: 0px; padding: 0px; vertical-align: middle;"><p style=3D"margin: 0px; f=
ont-size: 16px; letter-spacing: 0.075em;"><strong> NUMBERS TO KNOW </strong=
></p></td></tr></tbody></table></div><p style=3D"margin: 16px 0px 0px; font=
-size: 32px;"><strong>$12.5 billion</strong></p><p style=3D"margin: 4px 0px=
 0px; line-height: 1.6; word-break: break-word;">Estimated amount of VC fun=
ding <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563719674181922=
55878e9689713&_m=3D9206ae9d9ae44530a490382393be3116&_e=3DMyu1Sy9e3gvdBFFCYL=
4WQ2D1nXITcoqi3SJdItgvo4o6QNZLaUOaTVAhrIx_uWOh7_scr64Y8DdtDFZQTH-QaqupKMBAw=
O1HPY1Jneqa-EcEETEwZzeaq_TdS7qM1YJf3K8uUGrvnfKp47rYl3FApAzDI0ZoUTnwZRaA_uN0=
PI3H1BX4M8val_GGp7wnGMEkee90iXaB1g7hF22gTQzg0Qir_zmZwgb2FpKB9hjaEx_zh8449s0=
C1rOm4H3PoxU9zNgX5sSgBirYv3_2ZFmOzlqzXTCRgO9kXusQMMYElR4bRb-Qsc5Qp__kQygPh1=
jybUy_34oN55PbgW-6BhrOltaHlyRIlsyjmlRurHs66wX2YhHVW_hGHq1RHcApwC106DUZHjtfl=
owTaqUhf0iRhwiFYFhg22hu7hVjWXIH3tjjPYDByKfuUR5bUffQRsS3AI6vb5I-dptKWOr8S9tE=
ycCi6bJnmp3AZKPmzaFQf0hV5q1lDpKdOhMY-NPGaD12" target=3D"_blank" rel=3D"noop=
ener noreferrer">raised</a> by crypto startups in the first quarter of 2022=
 =E2=80=94 the most ever. March=E2=80=99s total was $3.5 billion, the third=
-highest monthly fundraise stat in crypto history (behind January and Febru=
ary).</p><p style=3D"margin: 16px 0px 0px; font-size: 32px;"><strong>129,21=
8 BTC</strong></p><p style=3D"margin: 4px 0px 0px; line-height: 1.6; word-b=
reak: break-word;">Amount of bitcoin currently on MicroStrategy=E2=80=99s <=
a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e=
9689713&_m=3D9206ae9d9ae44530a490382393be3116&_e=3DMyu1Sy9e3gvdBFFCYL4WQ36q=
RGY7Ve9nVlMlODw2b1asDVMcx3X0lpfx0eWM1eyqxRxvZDit8WFZgtiQVv4EgWaIml76som9ESp=
baFzbMXzvOMCxqjy_v4s6BueP6B_hbLV70PiGe50fGsJdfuCqpNMb399U7a5kgdUGNWDxKLTT76=
KqVJ8x8jPw71OJ_V1eTxJT3itCtuGNHYQSL31SnGgGb9M5wd4msbSoIe5Fo_c0crPtRHVSLFRRf=
sMzdCxawuZlfAhiyDHbxlwOH3xw44UcxIBFe1SlSzYM6oP9dLhI5SkqRIaZs8CM7Vg-sAjO1fAZ=
xwh-VQgoXw3-k-wXilzra7qmEkf6neSZMM1TGfrAmly7a5uvUbCeg1yj7T6RUmZsu_2drgW1uCR=
b99Q6_Q%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">balance sheet<=
/a>, after CEO and longtime crypto booster Michael Saylor disclosed adding =
an additional 4,167 BTC (about $191 million) in a <a href=3D"https://links.=
coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3D9206ae9d9ae=
44530a490382393be3116&_e=3DMyu1Sy9e3gvdBFFCYL4WQwbIqzzUtp-6Mjfh3SRVwpAkdp5t=
bmpaJYY4wZMMSVInpJujHmiTlgB4PBceWAshX4FQViloEkVjr705QPSAy5bcLQ8mPCOiGd-19wW=
b6L_dcjCG8c8iY_M6JMJyxuFpPk7h9IhGuCz4ucmWJ-zDBdZSKIg0WV6KWAQy5bYNiaoHF7hBrw=
PlkJBEFQ3qGAw0h-CifyDPv8yvPC1KOL_aXtxTZMxzAcfh5tFh7DG4RMoQ3ZWsH_K6m3bVtHwrs=
T16nfEzsMJ0xIE0ZfLvOXhfGEoPKOVrgpR_DKtSnfkIkv0X8SmO4QcTOqtPUOHYr3wkFJFY9BXn=
X3LLBegpWOUqRKfThmDjgnbAIlzHQ6Jh1C2-SqXPZgplg1pDKQMxb98KKMO0WxW1mc0nB9r8eBH=
ySkhORddW-6kyyJK3VW289eeihiacBU0EHWs8J5JcLAFERQ%3D%3D" target=3D"_blank" re=
l=3D"noopener noreferrer">statement</a> last Tuesday.&nbsp;</p><p style=3D"=
margin: 16px 0px 0px; font-size: 32px;"><strong>4</strong></p><p style=3D"m=
argin: 4px 0px 0px; line-height: 1.6; word-break: break-word;">Number of <a=
 href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9=
689713&_m=3D9206ae9d9ae44530a490382393be3116&_e=3DMyu1Sy9e3gvdBFFCYL4WQz1y9=
ZKGAWRqgjHJ27fhUqb130O9ly1rGmXAE57yHHn97SczrcAqZbz0vTDpNIdgmcZalQ7lHkx7N8mL=
5yYvmwW9lBheiw07OTXsObgjz7Udcq9x18n3UBgFShIliZBwUcTD0p-warjzTN3PiW6h0zYGilU=
8bY4DhWJHt1b2tClVYq4mUZ03c5Y4k32CQubaeIj0V9VSGwXl5NWsE29MsA--VR6Q5FAhZLGZPI=
gQL7NxkuciNfXSCKiPrB13CI1FHttfkwc6aZHphPiseeuBjLVvbxnyhja-qTm_11Cnmm-ysgNH8=
AyphNcNxa5XBzAumh9sGB7kPneIq-shHz4Qff5VWZ0BcWsmU3YCiwOncXa6vEv0OQXYc5ItyY4-=
hphOO2nKBsTLUlGaftzVQuKTgU8vTzg2au8DalIqAlTeI2ZbDe82SKDwqWViH1Aiv0DNJWHLUQK=
R0yTI_siuCP19Deg%3D" target=3D"_blank" rel=3D"noopener noreferrer">bitcoin =
futures ETFs</a> currently available to investors, after the SEC <a href=3D=
"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_=
m=3D9206ae9d9ae44530a490382393be3116&_e=3DMyu1Sy9e3gvdBFFCYL4WQ2QVWN7pmGi5G=
EseAoY-152OSMvtvTNN27nn4jvHcCm5RZXAjJkqlBwf6UAcGMqKCzJEu-NF1-fZxy-VOx7mPfMz=
UQn36tBZL6DVgskzCk-NQIwPGAI7KgVZ6nLpXGJE1-Wui7sW9L2MmuJKdEVeYmCyHvoUoAn7n_H=
nJ01NcZV0JYUcS0aMFarZBMHRNJNMfuZitsdDmQyc8Bc_i6_eV6quPt26xC1JLhhoBDTvzbBALl=
KP5M4bqTyNEFUFJtjknM66pt5I_2tXGD3pgbQ7gcgYI9THtwrX7hu9Y0cull1u5YJuTxRKLu1ug=
cbTtkiiwIfvsYcB_6zPhC_eY72Lv8gkfgjv2PgOnplECjxOxXtTZBn_Iw2V-TctLpYviS8KlCOH=
L7m8JvzxlpzRwTZtZ3Q5Xt4K0y-vahYT2Fl6oWyaGJxJDnZwgujePjXqMTEYXw%3D%3D" targe=
t=3D"_blank" rel=3D"noopener noreferrer">approved</a> Vermont-based Teucriu=
m=E2=80=99s new fund on April 6. The SEC has yet to approve any =E2=80=9C<a=
 href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9=
689713&_m=3D9206ae9d9ae44530a490382393be3116&_e=3DMyu1Sy9e3gvdBFFCYL4WQ0exD=
1FnZqAwfI0isXj8QYxPOGS3-hVUii2bbuXRP9eE6g0Ktkq1_ZLnmZEOo-5fOls5TSaESHFVmqBY=
ytHB4Wx1R8FiiwElT6kbudeb41V8XNxs7YyPvhsaHX5qWj9_gIVOn-p7Sslf494xrO-9dttJuIR=
jKQyMbtUHe1I8DFO4mHVDOPXmqPQ2BaqMU3FYbxKs9Qaq8I_2ep6ykTyLVOYLy1CHZziRMvPrOy=
c5DBhDUYX33IYwhJ4Pt9rNaTyKTmYD8AN17K2yG4hHHkIJQiLJQ1P-T8JvJyO5PV2PLdFHKQgS8=
VrULi0MHbeksWmOw2GVmXqKsSvFyzU9Vx35gyBwpl36RRa1inpuaRJ0PvOr--Zj_fP6AcreN0KE=
OZh5bu2nCrHLk9-4BL0ZV1hihPjsMmIwVD_4oY42i-D6GjBLmrVxf20d60r5cbrjz-xQMCtWVCp=
ZW4_mZn2uJKI-Qlo%3D" target=3D"_blank" rel=3D"noopener noreferrer">spot-bas=
ed</a>=E2=80=9D bitcoin ETFs, which would hold crypto directly (as opposed =
to holding bitcoin futures contracts).</p><div class=3D"cta_button" style=
=3D"margin: 24px 0px 0px; padding: 0px; width: 50%;"><!--[if mso]><table wi=
dth=3D"100%" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"bord=
er-spacing:0;border-collapse:collapse;mso-table-lspace:0pt;mso-table-rspace=
:0pt;"><tr><td style=3D"padding:0;" align=3D"left"> <v:roundrect xmlns:v=3D=
"urn:schemas-microsoft-com:vml" xmlns:w=3D"urn:schemas-microsoft-com:office=
:word" href=3D"https://links.coinbase.com/a/click?_t=3D3aca5637196741819225=
5878e9689713&_m=3D9206ae9d9ae44530a490382393be3116&_e=3DMyu1Sy9e3gvdBFFCYL4=
WQz1y9ZKGAWRqgjHJ27fhUqb130O9ly1rGmXAE57yHHn9f3fTp5ZGZoA-_rG_JeH2uiGWpmixes=
45O4qtIBQZi9ycyiQOZsEVzydmJ0hh9sjRFGHIJcA_rbvsTijnnlI8A1nP2JUYOT3d58IVeaLZg=
YeDEQDeD2RamGYgBjc3HaSev1XrZiI9kR9eT7XiIAlbKD4O1ZOqwZFPhq5GnNJ5OV92-UQ8zZOB=
BbwRoBVYKOr9X4ydGDthUf6CaXmjjGgh3sDBF7mI4vLbVLfqCDxpgQXXKORRKFTBHmnUqvFKfr2=
3cQGugG7LE2xKl4UTBWtO5Xw9QarosAU7x4ed-o4Xf6_oQ0TbxWa84_xWkt8kxqW54P-LX2jf67=
jQeBtNu5CAL0vIOa3upcoPFkCGjzrIGSabVh8sevRS8zs2ItiTK6NqwEzl0I1mn-8X7vhjEYIum=
g%3D%3D" style=3D"width:350pt;v-text-anchor:middle;" arcsize=3D"17%" stroke=
=3D"false" fillcolor=3D"#0052ff"> <w:anchorlock/><v:textbox inset=3D"0,0,0,=
0"><center style=3D"font-family: Helvetica Neue, Helvetica, Arial, sans-ser=
if;"><![endif]--><a href=3D"https://links.coinbase.com/a/click?_t=3D3aca563=
71967418192255878e9689713&_m=3D9206ae9d9ae44530a490382393be3116&_e=3DMyu1Sy=
9e3gvdBFFCYL4WQz1y9ZKGAWRqgjHJ27fhUqb130O9ly1rGmXAE57yHHn9f3fTp5ZGZoA-_rG_J=
eH2uiGWpmixes45O4qtIBQZi9ycyiQOZsEVzydmJ0hh9sjRFGHIJcA_rbvsTijnnlI8A1nP2JUY=
OT3d58IVeaLZgYeDEQDeD2RamGYgBjc3HaSev1XrZiI9kR9eT7XiIAlbKIhkd3YPj5kQOOXuRzW=
P7I3RF5fJfTgnIDdAcYkLlfayOa9NpYA8dPHhqWQNgv4O_ibgtoeHFjSHkSDpxndK2ljZmjb96F=
gFwjkdZFI7LLip4NV5fEA3QWA5sLkb_kmuwAjFGCEl6EA9Fs_m8EFcXGqtoKavXFNs8TyUTgiuC=
rsQatbj5nJAnoOuP5wjAOTRWGb4LhQzLUSdc1TluIgX9BtaxPIcrZSKnFj81SJ6AKEUyK7WxFoC=
J__aSfKp5n1K8g%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer" style=
=3D"display: block; margin: 0px; line-height: 1.2; font-size: 16px; text-de=
coration: none; color: rgb(255, 255, 255); background-color: rgb(0, 82, 255=
); border-radius: 8px; text-align: center; padding: 18px 0px;"><strong>Lear=
n more about ETFs</strong></a><!--[if mso]></center></v:textbox></v:roundre=
ct></td></tr></table><![endif]--></div><table width=3D"100%" role=3D"presen=
tation" valign=3D"top" style=3D"table-layout: fixed; vertical-align: top; b=
order-spacing: 0px; border-collapse: collapse; min-width: 100%; text-size-a=
djust: 100%;"><tbody><tr style=3D"vertical-align: top;"><td valign=3D"top" =
style=3D"word-break: break-word; vertical-align: top; min-width: 100%; text=
-size-adjust: 100%; padding: 48px 0px;"><table border=3D"0" cellpadding=3D"=
0" cellspacing=3D"0" width=3D"100%" align=3D"center" role=3D"presentation" =
valign=3D"top" style=3D"table-layout: fixed; vertical-align: top; border-sp=
acing: 0px; border-collapse: collapse; border-top: 2px solid rgb(222, 224, =
226); width: 100%;"><tbody><tr style=3D"vertical-align: top;"><td valign=3D=
"top" style=3D"word-break: break-word; vertical-align: top; text-size-adjus=
t: 100%;"><span></span></td></tr></tbody></table></td></tr></tbody></table>=
<div><table style=3D"margin: 0px; padding: 0px;"><tbody><tr><td style=3D"ma=
rgin: 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: 12px;"></td=
><td style=3D"margin: 0px; padding: 0px; vertical-align: middle;"><p style=
=3D"margin: 0px; font-size: 16px; letter-spacing: 0.075em;"><strong> TOKEN =
TRIVIA </strong></p></td></tr></tbody></table><p style=3D"margin: 5px 0px 0=
px; font-size: 32px; line-height: 1.26; word-break: break-word;"><strong>Wh=
ich of the following is taxable as income?</strong></p></div><div style=3D"=
margin-top: 16px;"><table style=3D"line-height: 1.6; word-break: break-word=
;"><tbody><tr><td style=3D"padding-right: 12px;"><strong>A</strong></td><td=
>Getting paid in crypto</td></tr><tr><td style=3D"padding-right: 12px; padd=
ing-top: 12px;"><strong>B</strong></td><td style=3D"padding-top: 12px;">Rec=
eiving an airdrop</td></tr><tr><td style=3D"padding-right: 12px; padding-to=
p: 12px;"><strong>C</strong></td><td style=3D"padding-top: 12px;">Earning s=
taking rewards</td></tr><tr><td style=3D"padding-right: 12px; padding-top: =
12px;"><strong>D</strong></td><td style=3D"padding-top: 12px;">All of the a=
bove</td></tr></tbody></table></div><p style=3D"margin: 16px 0px 0px; line-=
height: 1.6; word-break: break-word;">Find the answer at the end of the ema=
il.</p><div class=3D"cta_button" style=3D"margin: 24px 0px 0px; padding: 0p=
x; width: 50%;"><!--[if mso]><table width=3D"100%" cellpadding=3D"0" cellsp=
acing=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;" a=
lign=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=3D3aca56371967418192255878e9689713&_m=3D9206ae9d9ae44530a49=
0382393be3116&_e=3DMyu1Sy9e3gvdBFFCYL4WQz1y9ZKGAWRqgjHJ27fhUqb130O9ly1rGmXA=
E57yHHn98QPaHQtSqiA327aYayiS2tRjuFBbYZdBDS4TWrWtOlhQN_J7LdKXws5OmqOrSw9uEHS=
_88BSWWaAI9O_mXdSko8c6lQytf7IxtqMs_BYlFyHTaULGxJh_eRVpuMDaENjnV7Jaytyv4pXcd=
_Fsz87sCooxk8_3FPRx2_12cQavxyWWUwoLFKlkMOMkudbh8IcBuXHKKPItHdmn02D9mY4b5ryf=
NVaNiACYZSKZED1qTVqGNiRsjh_NXMTjBCzz7FoF1JHssbNZc3dVnnxDorjXW_mAfg8MclDwz1h=
iNBYosWnol1axuiY9fYXPoC7rF1qjE08x1nEI8O5deSJabW_B31qXu2D92-d1nU8Nert8daPyPr=
E1mXtG7yOTMjOTBRHmmDNd5C6AM0ledEvjHdjtQ%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: Helv=
etica Neue, Helvetica, Arial, sans-serif;"><![endif]--><a href=3D"https://l=
inks.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D9206ae=
9d9ae44530a490382393be3116&_e=3DMyu1Sy9e3gvdBFFCYL4WQz1y9ZKGAWRqgjHJ27fhUqb=
130O9ly1rGmXAE57yHHn98QPaHQtSqiA327aYayiS2tRjuFBbYZdBDS4TWrWtOlhQN_J7LdKXws=
5OmqOrSw9uEHS_88BSWWaAI9O_mXdSko8c6lQytf7IxtqMs_BYlFyHTaULGxJh_eRVpuMDaENjn=
V7Jaytyv4pXcd_Fsz87sCooxk8_3FPRx2_12cQavxw1sgj9SQyff_1SJfYd7dkCt8XcWiAYnouq=
GnkKsHK6L3LyqwJs6MrAk-gtPzXgoLbmna7ofA4-h7UjL796mk1fJ2WfbIGDmnQuodwVSXZ6SXG=
iBDvQg0bVV4d7gPD0Pt9UleEaaZQ2wssgTQnG8ff_UcdpJjgbcwLGyYUHhdSDe7GIexk57MvfCX=
RB0irdZ6uCbBvlFvhIX7iBGya6FS95ok918oKH7-NBoD7Haoyceg%3D%3D" target=3D"_blan=
k" rel=3D"noopener noreferrer" style=3D"display: block; margin: 0px; line-h=
eight: 1.2; font-size: 16px; text-decoration: none; color: rgb(255, 255, 25=
5); background-color: rgb(0, 82, 255); border-radius: 8px; text-align: cent=
er; padding: 18px 0px;"><strong>Learn about crypto taxes</strong></a><!--[i=
f mso]></center></v:textbox></v:roundrect></td></tr></table><![endif]--></d=
iv><table width=3D"100%" role=3D"presentation" valign=3D"top" style=3D"tabl=
e-layout: fixed; vertical-align: top; border-spacing: 0px; border-collapse:=
 collapse; min-width: 100%; text-size-adjust: 100%;"><tbody><tr style=3D"ve=
rtical-align: top;"><td valign=3D"top" style=3D"word-break: break-word; ver=
tical-align: top; min-width: 100%; text-size-adjust: 100%; padding: 48px 0p=
x;"><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"100%" =
align=3D"center" role=3D"presentation" valign=3D"top" style=3D"table-layout=
: fixed; vertical-align: top; border-spacing: 0px; border-collapse: collaps=
e; border-top: 2px solid rgb(222, 224, 226); width: 100%;"><tbody><tr style=
=3D"vertical-align: top;"><td valign=3D"top" style=3D"word-break: break-wor=
d; vertical-align: top; text-size-adjust: 100%;"><span></span></td></tr></t=
body></table></td></tr></tbody></table><div><table style=3D"margin: 0px; pa=
dding: 0px;"><tbody><tr><td style=3D"margin: 0px; padding-right: 11px; vert=
ical-align: middle;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/publ=
ic/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5637196741819=
2255878e9689713/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; let=
ter-spacing: 0.075em;"><strong> NOW TRADING ON COINBASE </strong></p></td><=
/tr></tbody></table></div><a href=3D"https://links.coinbase.com/a/click?_t=
=3D3aca56371967418192255878e9689713&_m=3D9206ae9d9ae44530a490382393be3116&_=
e=3DMyu1Sy9e3gvdBFFCYL4WQz1y9ZKGAWRqgjHJ27fhUqZoS_TwNoX4gnEIp_Ec_ZpdmD7vjGj=
dtKk9LVG3G0LldMjAJ6hI_Kp8crgAKrti6N40yWsRaUkAh4h3xIsOnEgf_M_wevzRAujIECd9mn=
GJijIX-C4-2vB6sdVyyRJhuW_QrBaCvCAf9HcrExxJToJkkm6npaeD21FtjYFxYpygxKOCsQFqP=
9TvOCWZz4eAli41rNjJP-DNXFoqCw7-K9V8pjR1P3oaix33CQMd4w5qA8HxY8wvj7N6_1ba5OWI=
GYyJcWlx99k-cx9VI7VDcJwyDGw7s06XF_kqXyYBJAn7PW5y1SL3JRbbzugQZ_9cP7vBru6bo0d=
2qtjFGVDIrztaFC-2lDzm3XA0bDZE6GP1ciqgk-hCTefE0nX-1cwtIGg%3D" target=3D"_bla=
nk" rel=3D"noopener noreferrer" style=3D"color: rgb(10, 11, 13); text-decor=
ation: none;"><table style=3D"margin: 16px 0px 0px; width: 100%;"><tbody><t=
r><td style=3D"font-size: 32px; line-height: 1.26; word-break: break-word; =
vertical-align: middle; white-space: nowrap;"><strong>MINA</strong></td><td=
 style=3D"vertical-align: middle; padding-left: 12px;"><img src=3D"https://=
dynamic-assets.coinbase.com/3339a1e35247d7fa22484296435839f7cdb52041540a584=
748e70bf4fdacdf766ff3ea10b105f08b6429a82f34f67c51be36ceb37880c0deb23dd39cb6=
e9b94e/asset_icons/f3dc85a8b86a883b2625ccb1972fe725e0f2c9c018b45dcb76b1e525=
51b0485d.png" width=3D"26" height=3D"26" style=3D"display: block; width: 26=
px; height: 26px; vertical-align: middle;"></td><td style=3D"vertical-align=
: middle; text-align: right; width: 100%;"><img src=3D"https://d15k2d11r6t6=
rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6=
dd6a/3aca56371967418192255878e9689713/Newsletter%20Assets/newlistings_light=
.png" width=3D"21" height=3D"18" style=3D"width: 21px; height: 18px; vertic=
al-align: middle;"></td></tr></tbody></table><p style=3D"margin: 0px; line-=
height: 1.6;">MINA is a cryptocurrency that powers Mina Protocol, a layer o=
ne blockchain that aims to be lightweight, privacy-preserving, and easily v=
erifiable. </p></a><table width=3D"100%" role=3D"presentation" valign=3D"to=
p" style=3D"table-layout: fixed; vertical-align: top; border-spacing: 0px; =
border-collapse: collapse; min-width: 100%; text-size-adjust: 100%;"><tbody=
><tr style=3D"vertical-align: top;"><td valign=3D"top" style=3D"word-break:=
 break-word; vertical-align: top; min-width: 100%; text-size-adjust: 100%; =
padding: 48px 0px;"><table border=3D"0" cellpadding=3D"0" 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"word-=
break: break-word; vertical-align: top; text-size-adjust: 100%;"><span></sp=
an></td></tr></tbody></table></td></tr></tbody></table><p style=3D"margin: =
0px; line-height: 1.6; word-break: break-word;"><strong>Trivia answer</stro=
ng></p><table style=3D"margin: 12px 0px 0px; line-height: 1.6; word-break: =
break-word;"><tbody><tr><td style=3D"padding-right: 12px;"><strong>D</stron=
g></td><td>All of the above</td></tr></tbody></table><table style=3D"margin=
: 48px 0px 0px;"><tbody><tr><td style=3D"text-align: left;"><img src=3D"htt=
ps://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-4=
6bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/Rebrand%20Assets/coi=
nbase_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"ht=
tps://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=
=3D9206ae9d9ae44530a490382393be3116&_e=3DMyu1Sy9e3gvdBFFCYL4WQ8JjL-eFQ8cszz=
YHZht7kvm3XiIUCp6TfaLQQy-BX-w9mCkO7ZjDJD0H4mORVyGVYFy6jJ1BbirXZ5iiCyfANWfdo=
G9l7taVWEHTIkCCjUlLb1zFIjEsQC1lcgaVylgcmeKvgIvghBL4Yf7ZWnPC0ClqpUc3Babg8opO=
8U7hRm8Q6T_j4HRbq4xXMp-_Z6M3DagM0BsiuRX4MLkPa6NuVx_AHCWucTfkkbN4swpyTh_7FhY=
lgdXVhwKmoNVidGnDrvnwNscIRYz9FoiIzqKuWazyDhy6WrXCabJ1nofgutvoCIFUyh_d52NjvG=
CBDRDMfctuR68QhO9ygc6fKtQzecRMyNbgzqKXpqfhxf0zOLVY4kDL-6ggMJ9162zF-xAviqdMC=
d6xk2PkIAnmyYffM9m6Sz-wir6CrCH-6G-GW1t4" title=3D"coinbase ios app" target=
=3D"_blank" rel=3D"noopener noreferrer"><img src=3D"https://d15k2d11r6t6rl.=
cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6=
a/3aca56371967418192255878e9689713/Icons/app_apple.png" alt=3D"Download on =
iOS App store" height=3D"46" style=3D"display: block; height: 46px; margin-=
right: 8px;"></a></td><td><a href=3D"https://links.coinbase.com/u/click?_t=
=3D3aca56371967418192255878e9689713&_m=3D9206ae9d9ae44530a490382393be3116&_=
e=3DMyu1Sy9e3gvdBFFCYL4WQ3zF20sWFB2g4LAdsHTBvpRawRuLXPGHa46laqKEGbT6veW74_9=
aKj8ph4M66FlkQgZ7Qdf0ICW4mVDp966QW_PCyHKGZsxvBBroOcJHZJ2wemdYGtFtdiAp133nD7=
J2AQlBs7qneRZTc8vCAV0gDCbeu3crZVJQ-iLrsddeGgxrOgyfYB7BnhUee2pQN32-QCBrrc0AZ=
jwYP_FD4dC8cQ0Qgy_JkuAMLZ00ylKG-ggfl7w_dhJVfiiYqxh0tqUKgvOH78WhYoHe7qaDj9_I=
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