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Date: Wed, 9 Feb 2022 11:44:37 +0000
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From: Coinbase Bytes <marketing@cb.mail.coinbase.com>
Message-ID: <0100017ede4cbbe9-ea178e3e-41ef-46ea-9e78-1864e78ca69b-000000@email.amazonses.com>
Mime-Version: 1.0
Reply-To: newsletter@cb.mail.coinbase.com
Subject: Is crypto staging a comeback?
To: Vincent <vince@showfile.com>

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Coinbase Bytes Is this a momentary adjustment, or the start of an upcycle? =
View=20
in browser=20
<https://links.coinbase.com/e/evib?_t=3D3aca56371967418192255878e9689713&_m=
=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=3DM6dnEu4xf8DuXxA4k2pJJ2IP5EC2gdGZti=
SRpicCBx86E32iyTXxoiFpFAlX-_4OKQOf-i-lZJOQVTzGy7GjSxeIr-zocjlYFzey9XCwjJYna=
qqJr5AvROe3C-teAM1RK0G2kSGpyHXR4uN69etjjg%3D%3D>
 <https://coinbase.com>=20
 09-Feb-2022=20
 <https://coinbase.com/>=20
After a weekend crypto rally, all eyes turn to Washington D.C. this week fo=
r=20
congressional hearings expected to examine crypto policy. [John Baggaley vi=
a=20
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:

 * Crypto started the week with a rally. Bitcoin crossed $44,000 on Monday=
=20
after a strong weekend for the crypto market.=20
 * A DeFi network suffered a $323 million hack. The story of Wormhole Netwo=
rk=20
and the second biggest DeFi exploit ever.=C2=A0=20
 * The week in numbers. The price of an IRL house being sold as an NFT and=
=20
other key figures to know this week.=20




Bitcoin

 =C2=A332,184.63=20

 +13.21%=20
 <https://coinbase.com/price/bitcoin?bytes_title=3Dbitcoin>=20

Ethereum

 =C2=A32,315.12=20

 +13.42%=20
 <https://coinbase.com/price/ethereum?bytes_title=3Dethereum>=20


Cardano

 =C2=A30.88=20

 +10.88%=20
 <https://coinbase.com/price/cardano?bytes_title=3Dcardano>=20

Solana

 =C2=A383.46=20

 +2.34%=20
 <https://coinbase.com/price/solana?bytes_title=3Dsolana>=20


Avalanche

 =C2=A365.18=20

 +21.43%=20
 <https://coinbase.com/price/avalanche?bytes_title=3Davalanche>=20

Polkadot

 =C2=A316.01=20

 +6.45%=20
 <https://coinbase.com/price/polkadot?bytes_title=3Dpolkadot>=20


Bitcoin

 =C2=A332,184.63=20

 +13.21%=20
 <https://coinbase.com/price/bitcoin?bytes_title=3Dbitcoin>=20

Ethereum

 =C2=A32,315.12=20

 +13.42%=20
 <https://coinbase.com/price/ethereum?bytes_title=3Dethereum>=20

Cardano

 =C2=A30.88=20

 +10.88%=20
 <https://coinbase.com/price/cardano?bytes_title=3Dcardano>=20


Solana

 =C2=A383.46=20

 +2.34%=20
 <https://coinbase.com/price/solana?bytes_title=3Dsolana>=20

Avalanche

 =C2=A365.18=20

 +21.43%=20
 <https://coinbase.com/price/avalanche?bytes_title=3Davalanche>=20

Polkadot

 =C2=A316.01=20

 +6.45%=20
 <https://coinbase.com/price/polkadot?bytes_title=3Dpolkadot>=20
Price changes are for the past week, ending on Feb 9, 2022 at 11:36 AM UTC
See the latest prices <https://coinbase.com/price>=20



 MARKET UPDATE=20

Is this week=E2=80=99s crypto bounce the beginning of an upcycle, or just a=
 momentary=20
adjustment?

After months of cloudy forecasts, crypto prices finally rallied this week,=
=20
with the total crypto market surging about 15% to $2 trillion. In the wake =
of=20
positive headlines =E2=80=94 including increased crypto adoption by individ=
uals and=20
institutions as well as signs pointing to potential near-term regulatory=20
clarity =E2=80=94 BTC and ETH climbed by 25% and 40% respectively from thei=
r January=20
lows. But are we seeing a sustained uptrend or is this just a short-term=20
adjustment? Let=E2=80=99s take a look at the bigger picture.

 * Governments around the world are clarifying their stances on=20
cryptocurrencies=C2=A0via a wide range of policy initiatives =E2=80=94 some=
 supportive, some=20
less so. Portugal, for instance, is pursuing 0% crypto taxes=20
<https://www.cnbc.com/2022/02/06/bitcoin-family-moves-to-portugal-crypto-ta=
x-haven.html>
 in an effort to bolster innovation in the space. The Indian government, wh=
ich=20
as recently as November was pursuing legislation outlawing crypto, is now=
=20
considering a proposal that would legalize it with a30% tax on crypto incom=
e=20
<https://www.coindesk.com/policy/2022/02/01/india-to-levy-30-tax-on-crypto-=
income-cbdc-launch-in-2022-23/>
. China, on the other hand, has broadly cracked down on the industry. Last=
=20
summer, crypto prices tumbled after China banned Bitcoin mining, paving the=
 way=20
for the debut of their government-issued =E2=80=9Cdigital yuan=E2=80=9D at =
the Winter Olympics=20
this week.=C2=A0=20
 * In the U.S., congressional hearings are examining crypto policy this wee=
k.=20
The bipartisan Senate Agriculture Committee is holding ahearing=20
<https://www.agriculture.senate.gov/hearings/examining-digital-assets-risks=
-regulation-and-innovation>
 today, featuring CFTC Chair Rostin Behnam. Underlying this meeting is a=20
fundamental crypto policy question: Should crypto be regulated as a securit=
y or=20
a commodity? Commodities (like gold and oil) are regulated by the CFTC, whi=
le=20
securities (like stocks and bonds) are regulated by the SEC. While the CFTC=
 has=20
said that BTC, ETH, and (most recently) USDT are commodities, SEC Chair Gar=
y=20
Gensler has said that many crypto assets are securities. Ultimately, more=
=20
clarity is still needed about how digital assets are regulated.=20
 * A top Treasury Department official testified=20
<https://finance.yahoo.com/news/stablecoins-needs-clear-consistent-rules-as=
-crypto-booms-treasury-official-130006596.html>
 in front of the House Financial Services Committee, with the aim of creati=
ng=20
=E2=80=9Cconsistent=E2=80=9D and =E2=80=9Cclear=E2=80=9D rules for a stable=
coin market that has grown into the
hundreds of billions=20
<https://timesofindia.indiatimes.com/business/cryptocurrency/blockchain/gro=
wth-of-stablecoins-swelled-in-12-months-with-over-172-16-billion-worth-of-s=
tablecoins-in-circulation/articleshow/88899961.cms>
 of dollars. And a bipartisan group of lawmakers hasproposed a bill =20
<https://bitcoinmagazine.com/markets/bipartisan-bill-to-eliminate-taxes-for=
-small-bitcoin-transactions>
that would eliminate tax obligations for capital gains under $200 =E2=80=94=
 potentially=20
making it easier to use BTC for everyday purchases.=20
 * Meanwhile, tech firms and Wall Street continue to explore crypto =E2=80=
=94 even as=20
stock markets are reeling in the wake of Meta=E2=80=99s 25% plunge.On Tuesd=
ay, an ETF=20
thatinvests=20
<https://www.theblockcrypto.com/linked/133350/valkyries-bitcoin-mining-etf-=
will-list-on-nasdaq-tomorrow>
 in publicly traded Bitcoin mining companies was listed on the Nasdaq under=
 the=20
ticker =E2=80=9CWGMI=E2=80=9D (crypto slang for =E2=80=9Cwe=E2=80=99re gonn=
a make it=E2=80=9D). In related news, =E2=80=9CBig=20
Four=E2=80=9D accounting firm KPMG Canada announced that it has purchased b=
othBTC and=20
ETH for its treasury=20
<https://blockworks.co/kpmg-canada-adds-bitcoin-ether-to-balance-sheet/>,=
=20
Google=E2=80=99s CEOsays=20
<https://blockworks.co/alphabet-ceo-says-company-definitely-looking-at-bloc=
kchain/>
 the company is =E2=80=9Cdefinitely looking at blockchain,=E2=80=9D and Dis=
ney appears to be
hiring=20
<https://www.theblockcrypto.com/linked/133042/disney-is-looking-for-a-busin=
ess-developer-with-nft-experience>
 a business developer with =E2=80=9Ca passion=E2=80=9D for NFTs.=20


Why it matters... Crypto adoption continues to surge =E2=80=94 with a recen=
t survey=20
finding thatone out of ten=20
<https://cryptoslate.com/more-than-10-of-global-working-age-internet-users-=
own-crypto/>
 global internet users has purchased some cryptocurrency. But if you ask=20
investors still on the sidelines why they have yet to participate, one ofth=
e=20
primary concerns=20
<https://www.reuters.com/technology/us-regulators-must-provide-more-clarity=
-crypto-rules-says-bny-mellon-cfo-2022-01-18/>
 they cite is regulatory uncertainty. With a variety of hearings and pendin=
g=20
legislation, and the White House=E2=80=99sforthcoming executive order=20
<https://www.barrons.com/articles/white-house-executive-action-regulate-cry=
ptos-national-security-51643312454>
 about actions the United States government will take regarding digital ass=
ets,=20
the smart money will be paying close attention.
See Coinbase=E2=80=99s policy proposal=20
<https://blog.coinbase.com/digital-asset-policy-proposal-safeguarding-ameri=
cas-financial-leadership-ce569c27d86c?src=3Dmarketupdate_cta>



 CAN OF WORMS=20

The story behind last week=E2=80=99s $323 million crypto hack

Last week, the fourth largest crypto exploit ever drained $323 million=20
<https://arstechnica.com/information-technology/2022/02/how-323-million-in-=
crypto-was-stolen-from-a-blockchain-bridge-called-wormhole/>
 from a blockchain bridge called Wormhole. (A blockchain bridge is exactly =
what=20
it sounds like =E2=80=94=C2=A0it allows users to move crypto from one block=
chain to=20
another.) While the victims of the hack were refunded within hours by Wormh=
ole=20
ownerJump Crypto <https://jumpcrypto.com/>, plenty of questions remained. L=
ike:=20
Why was the hack possible? Who was responsible? And how did Jump Crypto hav=
e=20
$323 million in cash on hand to fix things? Let=E2=80=99s dive in.

 * First, what=E2=80=99s Wormhole? Wormhole is one of the biggest blockchai=
n bridges=20
<https://decrypt.co/81764/ethereum-solana-wormhole-send-nfts-across-blockch=
ains>
 between the Ethereum and Solana networks, allowing users to move crypto an=
d=20
NFTs between the two chains. If a user wants to move 10 ETH from Ethereum t=
o=20
Solana, for example, they=E2=80=99d use Wormhole to lock their 10 ETH into =
asmart=20
contract <https://www.coinbase.com/learn/crypto-basics/what-is-a-smart-cont=
ract>
 on the Ethereum network, and would then be able to mint an equivalent amou=
nt=20
of =E2=80=9Cwrapped=20
<https://medium.com/pnetwork/beginners-guide-to-wrapped-tokens-2b2ea7c60a2b=
>=E2=80=9D=20
ETH on the Solana network.=C2=A0=20
 * The $323 million incident was the result of a software bug=20
<https://wormholecrypto.medium.com/wormhole-incident-report-02-02-22-ad9b8f=
21eec6>
that allowed an unidentified hacker to mint 120,000 wrapped ETH on the Sola=
na=20
network without depositing the required collateral on Ethereum. Soon after=
=20
recognizing the hack, Wormhole paused all token transfers on its bridges to=
=20
begin patching the exploit, which took about 16 hours. By Thursday morning,=
=20
Jump had replaced the stolen ETH, ensuring that no user funds were impacted=
.=C2=A0=20
 * Some on Twitter wondered how Jump came up=20
<https://twitter.com/blknoiz06/status/1489022366441263104?s=3D20&t=3D5yvvbd=
GfTsH1OZSvOGu0Bg>
 with all that money so fast.Jump Crypto is a division of a decades-old tra=
ding=20
firm <https://www.jumptrading.com/> that has recently made a big push into=
=20
crypto, building a crypto team of nearly 140 people. It=E2=80=99s not clear=
 how it=20
earns all of its revenue, but a major driver seems to be executing crypto=
=20
transactions made by Robinhood users,a right it paid Robinhood $247 million=
=20
<https://www.bloomberg.com/news/articles/2022-02-03/jump-trading-seen-as-re=
plenishing-stolen-amount-in-wormhole-hack?sref=3DaInCMkkj>
 for during the first nine months of last year.=20
 * The attack highlighted potential vulnerabilities of crypto bridges.=20
Developing safe and secure smart contracts on a single blockchain is alread=
y=20
difficult. Wormhole, which interacts with six chains (Avalanche, Oasis, Bin=
ance=20
Smart Chain, Ethereum, Polygon, and Terra) is faced with an infinitely hard=
er=20
task, as indicated by the exploit. Security experts, like Dan Guido, CEO of=
 the=20
security firm Trail of Bits, call blockchain bridges =E2=80=9Camong the mos=
t difficult=20
code to write=20
<https://arstechnica.com/information-technology/2022/02/how-323-million-in-=
crypto-was-stolen-from-a-blockchain-bridge-called-wormhole/>
=E2=80=9D because of the complexity of coding for multiple chains.=20


Why it matters=E2=80=A6 More than $20 billion is locked in cross-chain brid=
ges=20
<https://news.bitcoin.com/despite-crypto-market-rout-total-value-locked-in-=
cross-chain-bridges-jumps-9-in-30-days/>
 like Wormhole, and Ethereum co-founder Vitalik Buterinrecently highlighted=
 the=20
security limitations=20
<https://twitter.com/VitalikButerin/status/1479501366192132099?ref_src=3Dtw=
src%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1479501366192132099%7Ctwgr%5E%7C=
twcon%5Es1_&ref_url=3Dhttps://www.coindesk.com/tech/2022/02/02/blockchain-b=
ridge-wormhole-suffers-possible-exploit-worth-over-250m/&utm_source=3DItera=
ble&utm_medium=3Demail&utm_campaign=3Dcampaign_3641091>
 that exist with such applications. In fact, Wormhole was the second bridge=
 to=20
beexploited in two weeks=20
<https://www.coindesk.com/markets/2022/01/28/defi-protocol-qubit-finance-ex=
ploited-for-80m/?utm_source=3DIterable&utm_medium=3Demail&utm_campaign=3Dca=
mpaign_3641091>
. DeFi is still a relatively new innovation, and while it offersvast benefi=
ts=20
<https://www.coinbase.com/learn/crypto-basics/what-is-defi#:~:text=3DDeFi%2=
0(or%20%E2%80%9Cdecentralized%20finance%E2%80%9D,on%20public%20blockchains%=
2C%20primarily%20Ethereum.&text=3DAs%20with%20crypto%20generally%2C%20DeFi,=
pseudonymous%2C%20and%20open%20to%20all.>
 outside the world of traditional finance, it also comes with some heighten=
ed=20
risks. Before using a protocol, ensure that its smart contracts are audited=
 and=20
that you=E2=80=99re following the best practices to keep your crypto secure=
.=C2=A0
Brush up on crypto security=20
<https://www.coinbase.com/learn/crypto-basics/how-to-secure-crypto?src=3Dca=
nofworms_cta>
 <https://www.coinbase.com/earn?src=3Dearn_bytes>=20

 NUMBERS TO KNOW=20

$5 billion

Record amount of monthly venture capital funding=20
<https://www.theblockcrypto.com/news+/133292/january-crypto-vc-roundup-reco=
rd-breaking-month-nearly-5-billion-investments>
 that poured into roughly 200 crypto-tech startups in January. How=E2=80=99=
s February=20
looking?Polygon <https://www.coinbase.com/learn/crypto-basics/what-is-polyg=
on>=20
=E2=80=94 the Ethereum scaling solution with low fees and speedy transactio=
ns =E2=80=94 just=20
raised $450 million this week from Sequoia Capital India and 40 other VC fi=
rms.

$3.6 billion

Amount in BTC seized by the U.S. government=20
<https://www.cnbc.com/2022/02/08/feds-seize-3point6-billion-stolen-from-bit=
finex-hack.html>
, which alleges the funds were stolen in the 2016 hack of the crypto exchan=
ge=20
Bitfinex =E2=80=94 the largest-ever financial seizure by the Justice Depart=
ment.=20
Assistant Attorney General Kenneth A. Polite Jr. said, =E2=80=9CToday, fede=
ral law=20
enforcement demonstrates once again that we can follow money through the=20
blockchain.=E2=80=9D

1.7 million

Number of transactions per second that the U.S.=E2=80=99s central bank digi=
tal=20
currency (CBDC) research initiative,Project Hamilton=20
<https://www.bostonfed.org/news-and-events/press-releases/2022/frbb-and-mit=
-open-cbdc-phase-one.aspx>
, is able to process. Helmed by The Federal Reserve Bank of Boston and MIT,=
 the=20
project is conducting technological research about CBDCs =E2=80=94 a digita=
l version of=20
government-issued money =E2=80=94 but =E2=80=9Cdoes not aim to create a usa=
ble CBDC for the=20
United States.=E2=80=9D

$650,000

Starting auction price of a Florida home being sold as an NFT=20
<https://propy.com/browse/first-us-real-estate-nft/> =E2=80=94 a first for =
a piece of=20
real estate in the U.S. The NFT will include ownership rights to the 2,000=
=20
square-foot-home and custom mural by a local Florida artist. (NFTs=20
<https://www.coinbase.com/learn/crypto-basics/what-are-nfts>, popularized b=
y=20
viral artwork, can authenticate ownership for a vast array of digital and=
=20
physical goods.)

17

Number of crypto exchanges (including Coinbase) that founded the Crypto Mar=
ket=20
Integrity Coalition <https://www.cryptomarketintegrity.com/>, a new group w=
hose=20
mission is to work with regulators to =E2=80=9Cpromote public and regulator=
y confidence=20
in the new asset class.=E2=80=9D




 TUNE IN=20

How NFT marketplaces use =E2=80=9Cvampire attacks=E2=80=9D to compete for b=
usiness

Vampire attacks? Staking? What is this, Bram Stoker=E2=80=99s Dracula=20
<https://www.youtube.com/watch?v=3DfgFPIh5mvNc>? We kid, we kid =E2=80=94 w=
e=E2=80=99re here to=20
explain crypto=E2=80=99s ever-expanding glossary. On this week=E2=80=99s ep=
isode ofAround The=20
Block <https://www.coinbase.com/around-the-block>, Justin Mart and Katherin=
e Wu=20
break down the spookily named strategy NFT market LooksRare used to attract=
=20
collectors from industry leader, OpenSea.
Listen to Around The Block=20
<https://open.spotify.com/show/4QsMNyNEUDu62E3L1PSlWB?src=3Dtunein_cta>=20



 TOKEN TRIVIA=20

Which of the following is a taxable crypto transaction?

A  Converting BTC to ETH=20
B Spending DOGE to buy a pizza=20
C Selling ADA for cash=20
D All of the above=20
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

FIDA=20
FIDA is a Solana token that governs Bonfida, a product that aims to build a=
=20
user interface, API, and data analytics for the Serum decentralized exchang=
e.
 <https://www.coinbase.com/price/bonfida?bytes_new=3Dbonfida>=20
QSP=20
QSP is an Ethereum token that powers Quantstamp, a security auditing networ=
k=20
for crypto protocols.
 <https://www.coinbase.com/price/quantstamp?bytes_new=3Dquantstamp>=20
AVT=20
AVT is an Ethereum token that powers Aventus, a scaling solution for Ethere=
um=20
that aims to provide faster and cheaper transactions.
 <https://www.coinbase.com/price/aventus?bytes_new=3Daventus>=20
ORCA=20
ORCA is a Solana token that governs the Orca decentralized exchange.=20
 <https://www.coinbase.com/price/orca?bytes_new=3Dorca>=20


Trivia answer

D All of the above=20

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

 =C2=A9 Coinbase 2022=C2=A0| Coinbase Inc.
 100 Pine Street Suite 1250 | San Francisco, CA 94111 | US
 +1 (888) 908-7930

Unsubscribe=20
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width=3Ddevice-width"> <!--[if !mso]><!--> <meta http-equiv=3D"X-UA-Compati=
ble" content=3D"IE=3Dedge"> <!--<![endif]--> <title>Coinbase Bytes</title> =
<style id=3D"reset-style" type=3D"text/css">body,table,td,tr,p{font-family:=
Helvetica Neue,Helvetica,Arial,sans-serif}body{margin:0;padding:0}table,td,=
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mportant}a{color:#1957f5}</style> <style id=3D"media-query" type=3D"text/cs=
s">@media(max-width:590px){.cta_button{width:100%!important}.block-grid{wid=
th:100%!important;max-width:100%!important}.mobile_hide{min-height:0;max-he=
ight:0;max-width:0;display:none;overflow:hidden;font-size:0}.desktop_hide{d=
isplay:block!important;max-height:none!important}}</style> </head> <body st=
yle=3D"margin: 0;padding: 0;-webkit-text-size-adjust: 100%;background-color=
: #FFFFFF;font-family: Helvetica Neue, Helvetica, Arial, sans-serif;font-si=
ze: 16px;color: #0A0B0D;"><span style=3D"color:transparent;visibility:hidde=
n;display:none;opacity:0;height:0;width:0;font-size:0;">Is this a momentary=
 adjustment, or the start of an upcycle?</span><img src=3D"https://links.co=
inbase.com/e/eo?_t=3D3aca56371967418192255878e9689713&amp;_m=3Df2dd30955bf6=
4fe2865ca80b0f5ce9be&amp;_e=3DM6dnEu4xf8DuXxA4k2pJJ2IP5EC2gdGZtiSRpicCBx86E=
32iyTXxoiFpFAlX-_4OhUqYr2nLaKMkRLvJiioY_Oa6rSpMW-c5ddT6mQXzgwrKUP_BdD_6WEd3=
3BSn3v9jiLtQt-KkOh1RSDrV5BzxjGKOSMOm4noBr7yKpQMji1xiikPoI-dJm3PBLJipOuULrqN=
qA1Smk4IK8WOb8q2WVg%3D%3D" style=3D"border:0;width:1px;height:1px;border-wi=
dth:0px!important;display:none!important;line-height:0!important;" width=3D=
"1" height=3D"1"/> <div id=3D"root" style=3D"min-width: 320px; background-c=
olor: #FFFFFF; width: 100%"> <div style=3D"min-width: 320px; max-width: 570=
px; overflow-wrap: break-word; word-break: break-word; margin: 0px auto;" c=
lass=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=3D3aca56371967418192255878e9689713&_m=3Df2dd30955bf64fe2865ca=
80b0f5ce9be&_e=3DM6dnEu4xf8DuXxA4k2pJJ2IP5EC2gdGZtiSRpicCBx86E32iyTXxoiFpFA=
lX-_4OKQOf-i-lZJOQVTzGy7GjSxeIr-zocjlYFzey9XCwjJYnaqqJr5AvROe3C-teAM1RK0G2k=
SGpyHXR4uN69etjjg%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer" styl=
e=3D"color: rgb(91, 97, 110); text-decoration: none; line-height: 1.5; font=
-size: 12px;">View in browser</a></div> <div style=3D"margin-bottom: 20px;"=
> <table style=3D"width: 100%;"> <tbody> <tr> <td style=3D"text-align: left=
; vertical-align: middle;"><a href=3D"https://links.coinbase.com/a/click?_t=
=3D3aca56371967418192255878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_=
e=3D4PJzI_bTGbiFyKpSNc-5PUjtQA9D6wIev06pvlUzqeKlpnBdrqOAmsv1hjsof-sJPWMW_cL=
4qR7HQyK11xdSHOVNxLDo9V26-WdDS6wUzHVscQVYbFzsRGgPaz_-4A9sHba4zUN40iyrU5s6SY=
TPy2nLjzwozeGGEH1H0pQ-igHmccMfyGw1rnhSuMOD7c1DYuLAXyZWjkSnCpLNrR2WPeqiOW58D=
PzMpKS7_MqXnl8UpznF-bvvWXqUgAHzhdCKEq10BdUV8P_oPZhw2BVCVvbQC9NtPJXCijU3-b14=
1olzYws8bU4e4oXvnmhbErZ2N13UebO7uMjBMc8irSWbjeWhdmqhI5tNYO6QTz2kIEM76AzjZ28=
NjSkppfiIPcgc" title=3D"Coinbase Bytes" target=3D"_blank" rel=3D"noopener n=
oreferrer"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/I=
ntegrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e96=
89713/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; col=
or: rgb(10, 11, 1); margin: 10px 0px 0px;"> 09-Feb-2022 </p></td> </tr> </t=
body> </table> </div> <a href=3D"https://links.coinbase.com/a/click?_t=3D3a=
ca56371967418192255878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=3D4=
PJzI_bTGbiFyKpSNc-5PSJonCHyeNYZ2OeUY1lRXqek4UWxr5af5I23LtVjdFo-01r8U7IurJhT=
vqxlW71V0YVQpOadj3um8pr0GBOSH49fAN7eagjjSlyRdoF6JKlHplt_ORngEtWA2B3uZ2T267n=
eV-IPUG863ZxspENZs24j1fCIZaCfedfh-RYOWboI4wm_DGiXOixwtwJfbin2JYKN2M4nbqqZ6-=
G1zOUzX23WWLJwRwqNO8tVpCmKNss2W9ZMA-ww4g5ITaOWG6nUaY_3UbyH_1dXoXLy3bPMbIxqm=
T1CCJHp4k06ju2zsC5uu3zDX_sOYnVJTIvYAyBK9_fMEEbXHdNj8OP_AKMD03EKYK6FQOen360B=
4NFOuqui" target=3D"_blank" rel=3D"noopener noreferrer"><img src=3D"https:/=
/d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-=
bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/BYTES/GettyImages-129767=
2676-min.jpg" width=3D"100%" style=3D"display: block; width: 100%;"></a> <p=
 style=3D"margin: 16px 0px 0px; line-height: 1.5; word-break: break-word; f=
ont-size: 12px; color: rgb(91, 97, 110);">After a weekend crypto rally, all=
 eyes turn to Washington D.C. this week for congressional hearings expected=
 to examine crypto policy. [John Baggaley via Getty Images]</p> <p style=3D=
"margin: 48px 0px 16px; font-size: 32px; line-height: 1.26; word-break: bre=
ak-word;"><strong>What=E2=80=99s up? It=E2=80=99s Coinbase Bytes </strong><=
/p> <p style=3D"margin: 0px; line-height: 1.6; word-break: break-word;">The=
re=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-height:1.6;mso-=
line-height-alt:26px;"><![endif]--><!--[if !mso]><!-- --><ul style=3D"margi=
n: 10px 0px; padding-left: 24px; line-height: 1.6;"><!--<![endif]--> <li st=
yle=3D"margin: 0px; padding: 6px 0px;"><strong>Crypto started the week with=
 a rally. </strong>Bitcoin crossed $44,000 on Monday after a strong weekend=
 for the crypto market.</li> <li style=3D"margin: 0px; padding: 6px 0px;"><=
strong>A DeFi network suffered a $323 million hack. </strong>The story of W=
ormhole Network and the second biggest DeFi exploit ever.&nbsp;</li> <li st=
yle=3D"margin: 0px; padding: 6px 0px;"><strong>The week in numbers. </stron=
g>The price of an IRL house being sold as an NFT and other key figures to k=
now this week.</li> </ul> <p style=3D"margin: 0px; padding: 0px;"></p> <!--=
[if !mso]><!--> <div class=3D"desktop_hide" style=3D"mso-hide:all;display:n=
one;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=3D3aca56371967418192255878e9689713&_=
m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=3D4PJzI_bTGbiFyKpSNc-5PRhkunV7XxpLP=
ft8TNr084lHmBQcB1PdQAtOYJDIVN0n4LDKogvHFGLkOX0OaNa2_8RjbGAmkmf1oVy2BP9fPVA_=
DZOfWafFIFWZd9BoH3Y-iifd2weamE63I3pPeoUpoCBCsoeZTU7sQBdSFUJaGxJhwozG2Q-9M78=
21uqCGk2QE4dD2vF5yOsAulOEEVO47pXi8sdXKhrazrFGUUgPUK7y8L0bEaxVRxV9dYHA_T_IfR=
k-czPf2toVZdjjEGVbasxvIJ8ioudUq5orm7BtiKpoSnWygt0i6JSdnUjULKydu-FYD9FQl4gcp=
gV3uHwWl81I7VS8K1QcgXT47Ju8LtwlQ_h7XNgQ5lQTePrkAWo700AGRK6lri_3WanM5lyPcw4_=
2-zhyqhYW804Lz3SqKA%3D" target=3D"_blank" style=3D"text-decoration:none;col=
or:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical-align:to=
p;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integra=
tors/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/=
up-arrow.png" style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertic=
al-align:top;" height=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;ve=
rtical-align:top;"> <div style=3D"text-align:left;margin:0px 0px 0px 10px;l=
ine-height:1;"> <p style=3D"margin:0;"><strong>Bitcoin</strong></p> <p styl=
e=3D"margin:8px 0px;"> =C2=A332,184.63 </p> <p style=3D"margin:0;font-size:=
12px;"> +13.21% </p> </div> </td> </tr> </tbody> </table> </a> </td> <td st=
yle=3D"padding-top:40px;"> <a href=3D"https://links.coinbase.com/a/click?_t=
=3D3aca56371967418192255878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_=
e=3D4PJzI_bTGbiFyKpSNc-5PRhkunV7XxpLPft8TNr084lBGekXKawmvEUpivUw8rJc8MzRe_b=
YxKkzLxmejDLyyMp_VIyHLOr4j76Hns2yUr37HuvM2upp2BzRy_pWJbtEB2-4XYU_i5n477eoS1=
Yiah2UTFy_rNR-4tWCzEyktWEtZnxXP3AqWSiyeFsCvEwturrYCUeGQE4kTf0YEKOdesBeo2y4Z=
9BriVYRBTwKcUSygpUKrjx4ifsNUgfRulVhG-JqlbJJNLesGQGy29OcDqSnZ9LnRZFX3TwGnQPR=
fcwAtH-p-o8bO1jS1v7akBeXgGuuxsXp32iMl1Gb28ULdkisWUImD_smebGua65cONVveQdaanE=
FFPzUI4mvkzeBP-6JPEhlq1Y3vCiMvwusa_NCZsX5m1xkCbijQLeflMI%3D" target=3D"_bla=
nk" style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td=
 style=3D"padding:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6r=
l.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6d=
d6a/3aca56371967418192255878e9689713/up-arrow.png" style=3D"height:12px;wid=
th:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"12" width=3D"=
12"/> </td> <td style=3D"padding:0;vertical-align:top;"> <div style=3D"text=
-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"=
><strong>Ethereum</strong></p> <p style=3D"margin:8px 0px;"> =C2=A32,315.12=
 </p> <p style=3D"margin:0;font-size:12px;"> +13.42% </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=3D3aca56371967418192255878=
e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=3D4PJzI_bTGbiFyKpSNc-5PRh=
kunV7XxpLPft8TNr084nwBdVai12Dbjc4vpz5m0vfYI-LPcBz-GZwPXvq15DfjR2imD4SXKcm4i=
iZLx82BA7tbdRTtimg9DiJzJLjYXbBDI0wRtZQcTICPf-J4jky1GcmJeSWRDUPc_8fK9HUgsX22=
o1swcvlxitUpY3nFEalteMnuXzP7GCcxrB5O2vNKevWxckpfBSBfTw2KPJ8V0ArbfYKH93E5Esj=
emQZ_qOan9K2o4Fh3yrsUjYjWbAy2pqyNSCBNvsIdg4tyw8cy8SIRcsCfzk8dITGwPjAoXqYd5_=
MdSTgPr5XBffVqdP0j5nywGOdvt4FZsoYS4KdHqIZ_UvJvx724f0QWmB6q6neRpKCgKQIWGA4nm=
r9NvNJ0c_F4YGsdcWViOEw9FX9XXo%3D" target=3D"_blank" style=3D"text-decoratio=
n:none;color:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertica=
l-align:top;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/use=
rs/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca5637196741819225587=
8e9689713/up-arrow.png" style=3D"height:12px;width:12px;margin:2px 0px 0px =
0px;vertical-align:top;" height=3D"12" width=3D"12"/> </td> <td style=3D"pa=
dding: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=A30.88 </p> <p style=3D"margin:0;font-=
size:12px;"> +10.88% </p> </div> </td> </tr> </tbody> </table> </a> </td> <=
td style=3D"padding-top:20px;"> <a href=3D"https://links.coinbase.com/a/cli=
ck?_t=3D3aca56371967418192255878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce=
9be&_e=3D4PJzI_bTGbiFyKpSNc-5PRhkunV7XxpLPft8TNr084lexleFl--_APNnn5QCRtAgEn=
XeWbw5Yiw3Vd1Q6wd2i95tVN_EPj2d8YqVez0O7Yy5DAipiaaZSCDL281vB1vShU6eed8-JXEFr=
fGlA9_4_LGQgCaj_a-iyKrbzruiERxpUrt4z7ftEzW9aOWVi1YJyFdOxHKUh50Nl6rsw2GeFxOh=
DRVoqU6EzhQ9WOIzqKVZ5PtUSrMsiESjUWS3rG6_RwGI2c4plBJKibJrqHDU_YFuBHsgHKLs3JX=
sy11LL15d-9_gUnSz71G3d3Tj-US-LBJ9DZYnuxkx4MozWDiMM67WpfelQk-IO4wv4QU0ocn1Vk=
p0B_Pm7vCaHfQDu1thvqzQeWu90JUqDjkAPoRXY1qUAuFVck9j5gBGW05u57M%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://d15k2d11=
r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542=
cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" style=3D"height:12p=
x;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"12" widt=
h=3D"12"/> </td> <td style=3D"padding:0;vertical-align:top;"> <div style=3D=
"text-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margi=
n:0;"><strong>Solana</strong></p> <p style=3D"margin:8px 0px;"> =C2=A383.46=
 </p> <p style=3D"margin:0;font-size:12px;"> +2.34% </p> </div> </td> </tr>=
 </tbody> </table> </a> </td> </tr> <tr> <td style=3D"padding-top:20px;"> <=
a href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e=
9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=3D4PJzI_bTGbiFyKpSNc-5PRhk=
unV7XxpLPft8TNr084kQ_G7cdNciyoPTTpNA-6nfrmR47cyyNyqfrgiV7IBZtOI-mrvmAci777M=
_RcB0zRYOKZOsJxIsjVJaRAysZG2WgzFqJs_uL6jZ0d2rjkbjVM1p0x_2_-JxJzW9aTUEcSnQ5w=
0nvs6HjDg3_YQWQKsmjh9zhmtNRmyS9Uhv_oz5aovy9hdjWCYQNoqWl9CxH7i5mgTeG7RyU6vDM=
zdqq-voLHvMIqm_aUsSi7nqrK1OtF1BrE11g_SxDxtUZlrjCv0D0tvFXa_X_XU0ZM0ltKxDk3fI=
G7gnLBq5vUIW_jxQRUOXgX7nCQUl_1_eS0pfw-1ilFqWVrJbXA47nfNI_1IxLMMAn_kkJr05TgB=
iOwX3wFJSTtZzTw0M7EJuR8qXn5M%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/up-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>Avalanche</strong><=
/p> <p style=3D"margin:8px 0px;"> =C2=A365.18 </p> <p style=3D"margin:0;fon=
t-size:12px;"> +21.43% </p> </div> </td> </tr> </tbody> </table> </a> </td>=
 <td style=3D"padding-top:20px;"> <a href=3D"https://links.coinbase.com/a/c=
lick?_t=3D3aca56371967418192255878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5=
ce9be&_e=3D4PJzI_bTGbiFyKpSNc-5PRhkunV7XxpLPft8TNr084k3nO7wMVPCY1kpD8FUp-Sq=
GStGEtQjspoBhAiqKLkqdxfaj6xSt4FPq3p3Q7AwSaTt5OKULj0gDZgwwLQCWKq-mcgjeRsfKxj=
noGRs5YAxZ3O1TBVVH7xY61a4-zQPx4ZGz715CMGDWJOQtMbqbkGiDiWEKU1jx2sQQZsh-w4jaQ=
Tq61GB2odLlzDzxPaPeTShMdd2XJeaDvqY1TPzA9ZxTT7H-GYvbuqqzuIDYAVWcU2tnSl3SCoeI=
5S64WzB5jO37bTjtJCJ2kCiBZ5PnhfastfIib0GzlRaLBDWX8i5Eb1WdrrbbniC_8ufe5lRbMIz=
Pl-nD0nRm2nunzcjJkO8_QwyQr9XeiGcOcpNxXzNMIReMlSpzQ1yD4hxYBrf6Lo%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/up-arrow.png" style=3D"height:=
12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"12" w=
idth=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>Polkadot</strong></p> <p style=3D"margin:8px 0px;"> =C2=A3=
16.01 </p> <p style=3D"margin:0;font-size:12px;"> +6.45% </p> </div> </td> =
</tr> </tbody> </table> </a> </td> </tr> </tbody> </table> </div> <!--<![en=
dif]--> <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=3D3aca56371967418192255878e9689713&_=
m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=3D4PJzI_bTGbiFyKpSNc-5PRhkunV7XxpLP=
ft8TNr084lHmBQcB1PdQAtOYJDIVN0n4LDKogvHFGLkOX0OaNa2_8RjbGAmkmf1oVy2BP9fPVA_=
DZOfWafFIFWZd9BoH3Y-iifd2weamE63I3pPeoUpoCBCsoeZTU7sQBdSFUJaGxIF3Q82DC1Lxj2=
fRDuswuUlm7RaDlCBjQbtaJn7HW9CsiwFVfvg84HGWdf2jUJJMxqQoW5HT0Ii03BKIIfsYklMHw=
ZxPFsx1nNHTV9jueXZ7Xkp6QsT4JnKL2WQHgtKPvZvH60m2gGrUdoqAaWQjb9CNM3Yw2llGtXW-=
bHRhlYD1qS0WgFFUkYVTXLYUuq7VVNmUrEAnNYx3D5j65JXTCxZSzElTGjG7gO8AiHplFRVO2hE=
YbjPIk6r9P20AyZXlpY%3D" target=3D"_blank" style=3D"text-decoration:none;col=
or:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical-align:to=
p;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integra=
tors/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/=
up-arrow.png" style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertic=
al-align:top;" height=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;ve=
rtical-align:top;"> <div style=3D"text-align:left;margin:0px 0px 0px 10px;l=
ine-height:1;"> <p style=3D"margin:0;"><strong>Bitcoin</strong></p> <p styl=
e=3D"margin:8px 0px;"> =C2=A332,184.63 </p> <p style=3D"margin:0;font-size:=
12px;"> +13.21% </p> </div> </td> </tr> </tbody> </table> </a> </td> <td st=
yle=3D"padding-top:40px;"> <a href=3D"https://links.coinbase.com/a/click?_t=
=3D3aca56371967418192255878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_=
e=3D4PJzI_bTGbiFyKpSNc-5PRhkunV7XxpLPft8TNr084lBGekXKawmvEUpivUw8rJc8MzRe_b=
YxKkzLxmejDLyyMp_VIyHLOr4j76Hns2yUr37HuvM2upp2BzRy_pWJbtEB2-4XYU_i5n477eoS1=
Yiah2UTFy_rNR-4tWCzEyktWEtZnxXP3AqWSiyeFsCvEwt7ltzBpf6IlPN4uWeogHzsKUcuYIL1=
JQ-N_y4LTBfWNX4sUEyKle7bOPJZZ1A4cnlNnvRksgfAcPjfGpjwEsv0OdV3-UHMMZySgDLHJ8w=
jzHPAwQMANK0v5sh-r4fR-Vg6vsPt9TYtxMabg4y8I2_6SZCRrkc9Kxd1gPragJR2Gztx-FJ5xE=
M5vZQBM63Jo8Inj2pp1Z01eCYyOP5Y08PFr-qMKfBu0cE6rUG287-OLM%3D" target=3D"_bla=
nk" style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td=
 style=3D"padding:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6r=
l.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6d=
d6a/3aca56371967418192255878e9689713/up-arrow.png" style=3D"height:12px;wid=
th:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"12" width=3D"=
12"/> </td> <td style=3D"padding:0;vertical-align:top;"> <div style=3D"text=
-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margin:0;"=
><strong>Ethereum</strong></p> <p style=3D"margin:8px 0px;"> =C2=A32,315.12=
 </p> <p style=3D"margin:0;font-size:12px;"> +13.42% </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=
=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=3D4PJzI_bTGbiFyKpSNc-5PRhkunV7XxpLPf=
t8TNr084nwBdVai12Dbjc4vpz5m0vfYI-LPcBz-GZwPXvq15DfjR2imD4SXKcm4iiZLx82BA7tb=
dRTtimg9DiJzJLjYXbBDI0wRtZQcTICPf-J4jky1GcmJeSWRDUPc_8fK9HUgsV3_QmO0gliHhqD=
gljydMarOwjAjhIFOJHTUvBZCuFWRgmjCVu3nQSFtrR_xSf-EGrTRnqEzn_muwAC821PCa5v-WF=
2SQDDvLi-tTFFGki7eUQhFJGXNpZ-cxpA3AkpSjIzJmU_4pEj2X7tAyGCuk-2NLa7Mk6HBvXnQi=
xONaMlZCcftjbdWBaB_lQT4u1f1wZmvamM3d5g0jFvAiTfWgr2_pbAG-8RqAzJz3l7z-Bc45hAp=
avBcxZFZhztkUY7fY8%3D" target=3D"_blank" style=3D"text-decoration:none;colo=
r:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical-align:top=
;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrat=
ors/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/u=
p-arrow.png" style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertica=
l-align:top;" height=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;ver=
tical-align:top;"> <div style=3D"text-align:left;margin:0px 0px 0px 10px;li=
ne-height:1;"> <p style=3D"margin:0;"><strong>Cardano</strong></p> <p style=
=3D"margin:8px 0px;"> =C2=A30.88 </p> <p style=3D"margin:0;font-size:12px;"=
> +10.88% </p> </div> </td> </tr> </tbody> </table> </a> </td> </tr> <tr> <=
td style=3D"padding-top:20px;"> <a href=3D"https://links.coinbase.com/a/cli=
ck?_t=3D3aca56371967418192255878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce=
9be&_e=3D4PJzI_bTGbiFyKpSNc-5PRhkunV7XxpLPft8TNr084lexleFl--_APNnn5QCRtAgEn=
XeWbw5Yiw3Vd1Q6wd2i95tVN_EPj2d8YqVez0O7Yy5DAipiaaZSCDL281vB1vShU6eed8-JXEFr=
fGlA9_4_LGQgCaj_a-iyKrbzruiERxfb1zsJNkUgL6XLlN3yxN0GvOa0BeA-iGmvVkcFDCoThfz=
ECLwnssGvYk46zXrOVTKSCJ9hZ08zTQ9im-FdU8tkr7SCMIeHiCYDaPWuKaOPlBcqnaaiwoxb-a=
HFh-d2bj4vzntZ6dbHTVLsrfvTFdzG56a9QHluIWEbfoMU5Nxs5c6kF-b4vvjirBYsYOwdJvODi=
pUbeCvuBs8OcnkDjDNKUNIpStndg9crPtAh2Jy8Ei8UYNjXKpZPPF9iUkr2KU%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://d15k2d11=
r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542=
cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" style=3D"height:12p=
x;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"12" widt=
h=3D"12"/> </td> <td style=3D"padding:0;vertical-align:top;"> <div style=3D=
"text-align:left;margin:0px 0px 0px 10px;line-height:1;"> <p style=3D"margi=
n:0;"><strong>Solana</strong></p> <p style=3D"margin:8px 0px;"> =C2=A383.46=
 </p> <p style=3D"margin:0;font-size:12px;"> +2.34% </p> </div> </td> </tr>=
 </tbody> </table> </a> </td> <td style=3D"padding-top:20px;"> <a href=3D"h=
ttps://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=
=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=3D4PJzI_bTGbiFyKpSNc-5PRhkunV7XxpLPf=
t8TNr084kQ_G7cdNciyoPTTpNA-6nfrmR47cyyNyqfrgiV7IBZtOI-mrvmAci777M_RcB0zRYOK=
ZOsJxIsjVJaRAysZG2WgzFqJs_uL6jZ0d2rjkbjVM1p0x_2_-JxJzW9aTUEcSnQ5w0nvs6HjDg3=
_YQWQKsmvfhfExAvCQ4TU73jnf84wty3bx4O7c20nrb4RVyQG8LLloR9ZR4xd20dfWVTtIFFqy6=
2F_hNAzkJLojTAj4F8Vxxjjc13PICJEaa5HuDW9W5jwJkyH7HYvVvTNcBpL1cgxpWHdBQK4kwJU=
B2QwQst76hurjYKJJzx1aBAL2W5RkFwtEQMUgwD4eneHHf1590PD5F0BG5269TFukslwe1nJBhb=
NGE8fmi_Fv-TWUyg8w%3D" target=3D"_blank" style=3D"text-decoration:none;colo=
r:#0A0B0D;"> <table> <tbody> <tr> <td style=3D"padding:0;vertical-align:top=
;"> <img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrat=
ors/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/u=
p-arrow.png" style=3D"height:12px;width:12px;margin:2px 0px 0px 0px;vertica=
l-align:top;" height=3D"12" width=3D"12"/> </td> <td style=3D"padding:0;ver=
tical-align:top;"> <div style=3D"text-align:left;margin:0px 0px 0px 10px;li=
ne-height:1;"> <p style=3D"margin:0;"><strong>Avalanche</strong></p> <p sty=
le=3D"margin:8px 0px;"> =C2=A365.18 </p> <p style=3D"margin:0;font-size:12p=
x;"> +21.43% </p> </div> </td> </tr> </tbody> </table> </a> </td> <td style=
=3D"padding-top:20px;"> <a href=3D"https://links.coinbase.com/a/click?_t=3D=
3aca56371967418192255878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=
=3D4PJzI_bTGbiFyKpSNc-5PRhkunV7XxpLPft8TNr084k3nO7wMVPCY1kpD8FUp-SqGStGEtQj=
spoBhAiqKLkqdxfaj6xSt4FPq3p3Q7AwSaTt5OKULj0gDZgwwLQCWKq-mcgjeRsfKxjnoGRs5YA=
xZ3O1TBVVH7xY61a4-zQPx4ZGz715CMGDWJOQtMbqbkGiGdWgpRRYYeTiZGHxMoYsYvOMcw59uU=
X05L3SgnaXrSiwlPyJzPpxRarsRwygKMg2xfGeIn4ZR7LXLAfItDHT8BQ-kKvqFurtIU81jxfeF=
aAQioZtCg2eUoC3h8VZ0KVnrrTXgCGCexnITNPloHTa3PUTOAblpg4SKkvkwRBSNWroLOP9SEtk=
runwJQNaKn_YWiFKE1B6MclciTFmx7DVFYmsmrHA1Qo7G__xyqAVIIU%3D" target=3D"_blan=
k" style=3D"text-decoration:none;color:#0A0B0D;"> <table> <tbody> <tr> <td =
style=3D"padding:0;vertical-align:top;"> <img src=3D"https://d15k2d11r6t6rl=
.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd=
6a/3aca56371967418192255878e9689713/up-arrow.png" style=3D"height:12px;widt=
h:12px;margin:2px 0px 0px 0px;vertical-align:top;" height=3D"12" width=3D"1=
2"/> </td> <td style=3D"padding:0;vertical-align:top;"> <div style=3D"text-=
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=A316.01 </p=
> <p style=3D"margin:0;font-size:12px;"> +6.45% </p> </div> </td> </tr> </t=
body> </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: 12px;">Price changes are for the past week, ending on Fe=
b 9, 2022 at 11:36 AM UTC</p> <div class=3D"cta_button" style=3D"margin: 24=
px 0px 0px; padding: 0px; width: 50%;"><!--[if mso]><table width=3D"100%" c=
ellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"border-spacing:0;b=
order-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-m=
icrosoft-com:vml" xmlns:w=3D"urn:schemas-microsoft-com:office:word" href=3D=
"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_=
m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=3D4PJzI_bTGbiFyKpSNc-5PRhkunV7XxpLP=
ft8TNr084lmWKr1ngAhcdDLacycFGScGETabjhfO-6gz_07nbOxjG0GDma3WIplSu5-lg8KQiCS=
SQCqF9wHSjSpyIJXJ5Hrz23O5vtYKyMcnt95bJEnv3ieVnJwLHpnBmszuT1MaeS-PjE5lWUQRKk=
8VhPWvNfcIBPFGa6XHn1zwo1tskTZoWteYpa_3ISy4yrFTtoqILG4e5fLzDQEgXqdrOvzNYhpzu=
ipTZ0JMijXihm5VMNJZtRcIJQMTQ4uARfJWEjffQFCIu0igsu0eHCGrvx4bwXgOcD_sdU2fDbzO=
RMJPYgHTFQ7VMNnDsHAmsSyECXOsHCcVEpzp7WuNVH4Mv5W25XO" 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"htt=
ps://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3D=
f2dd30955bf64fe2865ca80b0f5ce9be&_e=3D4PJzI_bTGbiFyKpSNc-5PRhkunV7XxpLPft8T=
Nr084lmWKr1ngAhcdDLacycFGScGETabjhfO-6gz_07nbOxjG0GDma3WIplSu5-lg8KQiCSSQCq=
F9wHSjSpyIJXJ5Hrz23O5vtYKyMcnt95bJEnv-Gy-V0x9VamNiZ5pKDf53Uvpvb_lsg925s9CjK=
lBLrUmQG2rCyKaP8fh1XNEQlCf7r0a7tUBOiDZusWItd7bqHNo-2FBv9HcJWDQgGgp75EXmUfr5=
rxczvVEZ1v4S6jpETmosXCmiECpmBv4w1MhDBQMAKBzKXpb_pRGITRrS8DzAcO5pekc4YRuomYY=
4vb1i45t-r5runBA_WUtRkFT0xBpK9U3jx72ZTqrrj8NMc-" target=3D"_blank" rel=3D"n=
oopener noreferrer" style=3D"display: block; margin: 0px; line-height: 1.2;=
 font-size: 16px; text-decoration: none; color: rgb(255, 255, 255); backgro=
und-color: rgb(0, 82, 255); border-radius: 8px; text-align: center; padding=
: 18px 0px;"><strong>See the latest prices</strong></a><!--[if mso]></cente=
r></v:textbox></v:roundrect></td></tr></table><![endif]--></div> <table wid=
th=3D"100%" role=3D"presentation" valign=3D"top" style=3D"table-layout: fix=
ed; vertical-align: top; border-spacing: 0px; border-collapse: collapse; mi=
n-width: 100%; text-size-adjust: 100%;"> <tbody> <tr style=3D"vertical-alig=
n: top;"> <td valign=3D"top" style=3D"word-break: break-word; vertical-alig=
n: 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"c=
enter" role=3D"presentation" valign=3D"top" style=3D"table-layout: fixed; v=
ertical-align: top; border-spacing: 0px; border-collapse: collapse; border-=
top: 2px solid rgb(222, 224, 226); width: 100%;"> <tbody> <tr style=3D"vert=
ical-align: top;"> <td valign=3D"top" style=3D"word-break: break-word; vert=
ical-align: top; text-size-adjust: 100%;"><span></span></td> </tr> </tbody>=
 </table></td> </tr> </tbody> </table> <div> <table style=3D"margin: 0px; p=
adding: 0px;"> <tbody> <tr> <td style=3D"margin: 0px; padding-right: 11px; =
vertical-align: middle;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/=
public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca563719674=
18192255878e9689713/dot-1.5x.png" width=3D"12" height=3D"12" style=3D"displ=
ay: block; width: 12px; height: 12px;"></td> <td style=3D"margin: 0px; padd=
ing: 0px; vertical-align: middle;"><p style=3D"margin: 0px; font-size: 16px=
; letter-spacing: 0.075em;"><strong> MARKET UPDATE </strong></p></td> </tr>=
 </tbody> </table> <p style=3D"margin: 5px 0px 0px; font-size: 32px; line-h=
eight: 1.26; word-break: break-word;"><strong>Is this week=E2=80=99s crypto=
 bounce the beginning of an upcycle, or just a momentary adjustment?</stron=
g></p> </div> <p style=3D"margin: 16px 0px 0px; line-height: 1.6; word-brea=
k: break-word;">After months of cloudy forecasts, crypto prices finally ral=
lied this week, with the total crypto market surging about 15% to $2 trilli=
on. In the wake of positive headlines =E2=80=94 including increased crypto =
adoption by individuals and institutions as well as signs pointing to poten=
tial near-term regulatory clarity =E2=80=94 BTC and ETH climbed by 25% and =
40% respectively from their January lows. But are we seeing a sustained upt=
rend or is this just a short-term adjustment? Let=E2=80=99s take a look at =
the bigger picture.</p> <!--[if mso]><ul style=3D"line-height:1.6;mso-line-=
height-alt:26px;"><![endif]--><!--[if !mso]><!-- --><ul style=3D"margin: 10=
px 0px 0px; padding-left: 24px; line-height: 1.6;"><!--<![endif]--> <li sty=
le=3D"margin: 0px; padding: 6px 0px;"><strong>Governments around the world =
are clarifying their stances on cryptocurrencies&nbsp;via a wide range of p=
olicy initiatives =E2=80=94 some supportive, some less so</strong>. Portuga=
l, for instance, is pursuing <a href=3D"https://links.coinbase.com/u/click?=
_t=3D3aca56371967418192255878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be=
&_e=3D4PJzI_bTGbiFyKpSNc-5PZP5gZUbHOZ6fntfoimcrUPFzCnBMTX_sUZd4bglj2S3p6swV=
LpR6_7SKrXMXmLRu5Qynw3MwUViLaOUbb4nDxNm0GdJxGfhaW7YoaOG9qL286DGvB4LB26peH8U=
j2w7fZOquVLIShYBJLyaXhO5HPehpglL9k5POXHJSN4If6NhH7D5ggqyKE7TLHhnlFPTI91JyZa=
OYs-HqaEv0bn2MD3MB6xvJdFqCO8ZqOosbau1R07Lw8qMoZ6NjOthEpyRgZnZA4Y1loKaiBGSIx=
UBnej7MHR3x9OvvW8IX6CJkTRGgeAB6XOnBT298NZvXSyPMCu1Nje1G8t1nvFy9dgGBXymj7P_c=
ZWWCFJawNp8n986xCm7H_sA3piRxZyCvyeLJNtqBdQ3-RUT39s4Kn1WmA9oTTBYmLPSORXsVuTb=
TUBkRAqbg-EH6qYALSR_5PvwbA%3D%3D" target=3D"_blank" rel=3D"noopener norefer=
rer">0% crypto taxes</a> in an effort to bolster innovation in the space. T=
he Indian government, which as recently as November was pursuing legislatio=
n outlawing crypto, is now considering a proposal that would legalize it wi=
th a <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563719674181922=
55878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=3D4PJzI_bTGbiFyKpSNc=
-5PchNK8qB7HEWfSC11-yYiZSyGmm6cp1RvhHlr6Dz77fK1LrOq9Zq8XgrOHxcPo17azzREj1P1=
1yvd-8_FyQtU6ZjH1ElmnB5v0adhgQRt1qXdgjGC8FstfEoohf5CBVxFAWVtKN-1XucmNg0jIQ7=
YfgDTVTwhgJT01xLYC7ZaDEgwOAP5KgJogH5bpyHY0YAO-k-FiuHzAaF9v6fv9Phzfc2wyi7v0i=
gO3-B8Yv-wQRK9_aRZLI8HVklp8qnOHZzNPxdljAUomxfLv4cokAoBv10OOZ9SdFIUtuAVHkJSN=
zWkGTqiI7fT3uHJKAQVlmAJzpL-XwxS_WjTVlszUopDB4Sel-cPG4eKxsWC6gQ0_srA61Mt1TaA=
DsecLtnQ8X-vKMuT7GXDafbAdAh0Y8sUAnaKzqyBWV7ycYDJVbj1sJazK3rIj0E-DtI4vnu2Szb=
40CWJJpX1Ihod6IfPefWn24%3D" target=3D"_blank" rel=3D"noopener noreferrer">3=
0% tax on crypto income</a>. China, on the other hand, has broadly cracked =
down on the industry. Last summer, crypto prices tumbled after China banned=
 Bitcoin mining, paving the way for the debut of their government-issued =
=E2=80=9Cdigital yuan=E2=80=9D at the Winter Olympics this week.&nbsp;</li>=
 <li style=3D"margin: 0px; padding: 6px 0px;"><strong>In the U.S., congress=
ional hearings are examining crypto policy this week. </strong>The bipartis=
an Senate Agriculture Committee is holding a <a href=3D"https://links.coinb=
ase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Df2dd30955bf64fe2=
865ca80b0f5ce9be&_e=3D4PJzI_bTGbiFyKpSNc-5PWJDg12hFY6nt_57hV6-Sz9k-nVeQum_b=
FmgUry9AmP-YboVylw5TRz-vJo05st3d0VbmAaOkWlCtyOaDHde05G2mtO2zG9lkzIZ_ruYsVTE=
BfJLf_9ZoPwKXOL64w1BUhievk0DYEOIseMp1z9Q_fg6KUDe2-X1BiNoCsdfXrpYf7NJ78cyV3c=
9MlgSv2L2PCH_dwaed_12QwvZfqbBt29QsqJkSXyJ-Pofw0gfBHGSOLRLVvF8We2Vz-e6wsOdYX=
JJCJulr4Po3MCipMme7GCkBa3gGrmPgFgsyB_2FYtzVHEa8Z8esqvz-qE069RBasITeTKDLr3J5=
weHrFLHcCVeO8TLvWOcYLiA_4UvXLW3o5wQiIA9tr126IlEZcNiMcsDBc0JGj-EVmXi3CdQB02f=
WJNsdsl_nvnX-ytQZYmQBKkseyyCSFbe8HLLs8P2qrpuqf9CUmEBoJQXbI4LRKY%3D" target=
=3D"_blank" rel=3D"noopener noreferrer">hearing</a> today, featuring CFTC C=
hair Rostin Behnam. Underlying this meeting is a fundamental crypto policy =
question: Should crypto be regulated as a security or a commodity? Commodit=
ies (like gold and oil) are regulated by the CFTC, while securities (like s=
tocks and bonds) are regulated by the SEC. While the CFTC has said that BTC=
, ETH, and (most recently) USDT are commodities, SEC Chair Gary Gensler has=
 said that many crypto assets are securities. Ultimately, more clarity is s=
till needed about how digital assets are regulated.</li> <li style=3D"margi=
n: 0px; padding: 6px 0px;"><strong>A top Treasury Department official </str=
ong><a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637196741819225=
5878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=3D4PJzI_bTGbiFyKpSNc-=
5PX-W2fi0EsG7LPvqE8xWKntnCIbT97Rai2I1DViRIBWCXbdyfZtv3umJn5Jx3SF3IxSVj20sVE=
6uzuskFhMqelmhF0BwS4WZMWjMxmJt79n0f3N0nijCgYM61dN2TFU9ID9QnX5QOz4sjMhxKlcVr=
k1XS1TUvgBcifjhEref5AbuT9krcv_HeauuRmNYSt1tiLJUuYdCrtKK6zf856q4sjyZ0Isxgh5P=
JNsmy2QTDU6nufAsrn3Kh20dtRGkc56hyOvl530UFsXRvBqfRqaMpLYq0_FfKnocp48aurZ6Z0_=
X7_izzZ5mnFpSQ2DcDtYml6E3a7EXogAaMbTPEiF6SCEalXHTiaj3HxOjSvPo8CyS9-bF7_PDc9=
1ha_sjoGIzLa12pDzUh-g_mtR9EubTvo5sDDrYu7MAocNBIX61n1CauwGmPqik3WvsSesozevYG=
athdFvIvRVgdhyce0PbvnRGme_GR4zwOoLMpqFBEK-l" target=3D"_blank" rel=3D"noope=
ner noreferrer"><strong>testified</strong></a><strong> in front of the Hous=
e Financial Services Committee</strong>, with the aim of creating =E2=80=9C=
consistent=E2=80=9D and =E2=80=9Cclear=E2=80=9D rules for a stablecoin mark=
et that has grown into the <a href=3D"https://links.coinbase.com/u/click?_t=
=3D3aca56371967418192255878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_=
e=3D4PJzI_bTGbiFyKpSNc-5PQdPkskMKbq5zFXHbISdKTJ_kJpiRd7ZXreIZwNiqv0PLXvQinD=
yqDIbi8ba4VqozJ6MiAN1qxxwzH-6M03kSt8gO5xNf-VT0XsboyXZkPGlcjYBwP9Dzu9TWIKcw_=
1eQKkvP9UAvnZypV3Pv-jKBMIauVfuOJlnoG-IEUH0DQ06_jJLVyl90qQby5TnnkuL2QLdKQSqn=
iXNLXoJdoynz9UtaLNKaWsEIbtgarMEU1hTfDnrTZ93iqyQYcQmJco8flEuDSpBltg1N9ZCamlA=
rZwSR3XKEolGhQiTKRGhRvTzq4uJc5h-8kFori4rbJWWvuaArk4Z0idrH90j_pa28BBl6RkzgGd=
vW-LWugqrw4_p5Zq_dHdrDp6NkvrwfQcnQPvd-8FHQbk74rg9JYI-dF0GejySUpEqTXHkQu1r36=
O7vhWMsmttq7u7TnAjorfYUxqnHI44ClX_5cHc9qFqOZEMCxL3ix3oYCSpg4ISsacD7EfucO8c2=
9id8Lwksogt2s--PQPtHyF3MhfT5vicuDoe8Vki8E8lQCcdX-LRM-YyJaEH0ZPMUzYdyh3QAO8V=
CMbMVMF3MhPsl4saNg1x8xk%3D" target=3D"_blank" rel=3D"noopener noreferrer">h=
undreds of billions</a> of dollars. And a bipartisan group of lawmakers has=
 <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637196741819225587=
8e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=3D4PJzI_bTGbiFyKpSNc-5Pe=
LengauLUtVUYo3FZI0fyFWutzPZYBHNiUnntgeRcxQPkopkWutF3fQCzwyJf70eY-MxxRH9d0Gq=
YiZB5NbNqW5p2bD63EGWQIIgMrUMVo1qwJHCtnRosgzid01lzImgP-ItiWkjZeQrc_xk8jKYZ1m=
DuS2kCnRIJqwwY3TPDeI_nYvAcbrS_Ww12UMeetL4TgE7SQytzDhSW_sGJJOQt6da98azKv_Ijl=
K0g1v2_Yq6gcC9Kg0i8xw-skwlMmTTVxzyaI4PMnpJQOL4_stkebewpBBBupeIYnX-LTTF98Zna=
0RZzH5hg5uhjDPMywhO1KwfmGFwInYj0Eh1scqKQ8UHVaUd-8OSjYIljq9MEOTJVNp0Sedstw5n=
Y4aXTP0LDK5tWdtk1_wd8UMRm08mar8TQ3zdvmkM-RVi0YgutQdnuNdQR124vRWvvRI0Ng8GFgz=
oZeeGo899yRYufwB5hk%3D" target=3D"_blank" rel=3D"noopener noreferrer">propo=
sed a bill </a>that would eliminate tax obligations for capital gains under=
 $200 =E2=80=94 potentially making it easier to use BTC for everyday purcha=
ses.</li> <li style=3D"margin: 0px; padding: 6px 0px;"><strong>Meanwhile, t=
ech firms and Wall Street continue to explore crypto =E2=80=94 even as stoc=
k markets are reeling in the wake of Meta=E2=80=99s 25% plunge. </strong>On=
 Tuesday, an ETF that <a href=3D"https://links.coinbase.com/u/click?_t=3D3a=
ca56371967418192255878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=3D4=
PJzI_bTGbiFyKpSNc-5Pcs_PbPp47R-EMBIkzAMmH3xbjlKB526pxxlBo9UVQnBIphbB_kKq9I8=
H1XBoM9VANvla3eWRNJIIlmZN8rZKeplrZzmcgCex07ujq97GZDtJ1tOy8bs0uIz31XgRBhNFn4=
4tVCielraoOE2jXdOYCy9N1HO-Mj4u7Fvs5T4YDyDdi9ZZ8NQN_NIahl3MoSb1fGugdRd6gJt2N=
h3YUMDDRd6EKJ-4fRhcu93EetYZTz4af_YA6NqjpPxkLJC2YGuW0MW7spj4kp9Z2y9I_mUeyEoy=
uk14dqLHD4ewGART510YMAlMWTNidi92vzUkoYb8-n0eODwJPTWYVYEkMLsWMSNPqyPcl-o_Yrt=
QMcANWTUUGK1gGWLkITl5dMJe7mx4CEpYNjOepYmQX2WiIE9HzpyyFQHVcTeL_lrck3p8_iKrLp=
jNYvFDTjFdarG6KDH2i5YjWGTKPiZ7Q9NCqFBrLg%3D" target=3D"_blank" rel=3D"noope=
ner noreferrer">invests</a> in publicly traded Bitcoin mining companies was=
 listed on the Nasdaq under the ticker =E2=80=9CWGMI=E2=80=9D (crypto slang=
 for =E2=80=9Cwe=E2=80=99re gonna make it=E2=80=9D). In related news, =E2=
=80=9CBig Four=E2=80=9D accounting firm KPMG Canada announced that it has p=
urchased both <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563719=
67418192255878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=3D4PJzI_bTG=
biFyKpSNc-5PS67pJ1whmFlvy1lVPewR14H40qUbFc4ZGiJQMQ50K9hipI3P0mSff0d48lvJSu3=
kMrU5CrqpaOlFbTqkFS_x5MxhDgSvAUBdBHZrkerRfapGZP8EasY_P9KKb17EoklWI6J3yKIfhr=
Qu-RWuwrtAMGXclhZUTLdvImowt1jSoRs9Q5ueldyY0fEnAUiax_GePnkFlHYrz-Tc6eUUPROdo=
Z2t28iL8rDtnLrLpSzQlAV20obyeGI1DJ5zB1yKtXMTeoYOMKKVNyzUv4cTGRnysGDM7v5cLBJu=
36kkwwss9mUnmFU-5POVKm9tleDPx5_qAlQkuzDxFU9wiGJ1A2CNcoZHLI-k-ZpNtfkVSs1FPOY=
AK3UMvBKZqmcwd2mwTplGbJl2VB6bn7v8Y3jjzj6cDLjQ6Slkh7NdC61k45l128W" target=3D=
"_blank" rel=3D"noopener noreferrer">BTC and ETH for its treasury</a>, Goog=
le=E2=80=99s CEO <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563=
71967418192255878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=3D4PJzI_=
bTGbiFyKpSNc-5PaeQGYmu28O9vZvFnuVdwvk6TZeYw0LLBtmTtf0JH54RY0FMtrjQFH2ZtOpd7=
-e2VgTxyn1HNOmnOO0MOHvSztRGn6emXtxAt-1djT7bfAE6wOXuuOQIJ8ckUBsglKFHZrOgZ86a=
hcGBsMZj3V1LxHWUASdgMUcwyw-Ml8wmMXWT3VFrDL-hzY2BT9eBg45wgDT0-cee0DqmGx9yjsK=
6qbKs5AgFAW_vUtNHUWjdCyDxsA_r-Xvsg-c63VUdNS_14WGein4ZGv3vpmYjUMEP6vZA3HPkSm=
dmgzrh8hKiBJI6mFiq2yW-71Ul1JPuCTxRLMKj5v8b70VPTpe-Nkj-hGuaRJaRR7Q2rTNaCF8Pa=
2wd2904cTrcPKONHwASG77RgDq44pYF4joMHaRdj70i2z4kJSUbLlY1qr5ky_xUqJYZn3DhtBNd=
dPAjirNhrn_wxg%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">says</a=
> the company is =E2=80=9Cdefinitely looking at blockchain,=E2=80=9D and Di=
sney appears to be <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5=
6371967418192255878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=3D4PJz=
I_bTGbiFyKpSNc-5Pcs_PbPp47R-EMBIkzAMmH3xbjlKB526pxxlBo9UVQnBqvdB_nXE4HKluKo=
2bn5wtD8uJInUZHtkjV1ocMyjmGrNUX3R_bflHwBiErb4kGr5OyUUwuIuuMUHYZw0wcpSUyn-SH=
ZqQQj5P1o4Bhc7bpnhiym92Bs3IvvFm5TO9YhgnyLj30yX-ikkR3Ffj4HTFl-KJcMarmqrNTN5q=
neUNiOGOLv1XSfPBI_YJbsdpFuzvM3laIMXSQ37wFV-pc2nQAjxrt0dBrAk75Af6NtE1oNfMNfa=
S4AGueb4eSWRO8OUeFZZXhcDIbLt0z-uCiCi7p_NHrQ5UF4wA6PDjeOZekqgVWSUTLpdeXvLHpF=
lX_F01kipj4HsekJ0_A-u1VCG6yciFe1-2KPrYuWDbZ0GJ7g2BtftffPyK3SYJPQn5yC25cv8ej=
R4q9fJU_7yBCNvBZZ2plrO8xDf4I0BmMAobEc%3D" target=3D"_blank" rel=3D"noopener=
 noreferrer">hiring</a> a business developer with =E2=80=9Ca passion=E2=80=
=9D for NFTs.</li> </ul> <p style=3D"margin: 0px; padding: 0px;"></p> <p st=
yle=3D"margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;"><st=
rong>Why it matters...</strong> Crypto adoption continues to surge =E2=80=
=94 with a recent survey finding that <a href=3D"https://links.coinbase.com=
/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Df2dd30955bf64fe2865ca80=
b0f5ce9be&_e=3D4PJzI_bTGbiFyKpSNc-5PUpxWAyS3qWLCSz-hIOJiciYihdHkXkxz4XL4IcO=
xgODTmHJdbirUarr6tj_mT8LFAktwGjHbsu1zkeI7QngRPPemppAyDd-0MN_E03EtyCLlOZoQiS=
YaAbgg-UcpOge_gXRNXQTlfSqii0xP-ZKN-tI-BkAL7K8RwIKqCH4r7zlla7zmR51HBgjUlr9HS=
o1TlShmjdmFDucArzoGXC1XAuXWDUxsOPd2AiWL3E9fOeb0j953H1aLuETIlRerBsYn6WzcIqm9=
sg-LuxdeCd_KxZQpTWmIAQv4uqqqk9NDuZV5HZHYh6m9Q0ozf51DxQTOchhlGR8Q69O1bv6JgZi=
WFuXyGKhLZhOxBJX2KjOumPYG9GJMuPr3ZtJwvDGjXW7viW6lPx58hbQ6FP3eBGkqMLy4d7szvv=
kx4oLty41-_VyUZT387QGM0YMn2c2gRs4yw%3D%3D" target=3D"_blank" rel=3D"noopene=
r noreferrer">one out of ten</a> global internet users has purchased some c=
ryptocurrency. But if you ask investors still on the sidelines why they hav=
e yet to participate, one of <a href=3D"https://links.coinbase.com/u/click?=
_t=3D3aca56371967418192255878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be=
&_e=3D4PJzI_bTGbiFyKpSNc-5PR6tbkago3Kw1dz-4nbTW3cm9tCJcjJ7p86oSC-yIZNfcdYuZ=
OCHw9Lq1htkk7CTE-mTa5w1gbp_ZMu9qfVG8VxBNH5WVhz_WYBHLcLWqKfx1n7PclvCbforsRqD=
uft8xn3yXAhpBwUPlFwRNSzd3lxjnkoEbubR0iuYxJDoqgiDfeb4vPo6e1QSPpNZKj885F1qDri=
MAKQRxfxtibMlDWOFc41iJxVGaNArkNqmQA40_zvkrXfpfDT9i6whJI2FZh2K1sNlD_RYbeOuA5=
yeptPZysu9T97gVcCYKCDONMCoysYEB0o45k0QMa8MQIt7_KEZPAk0xqxQeHqRzw1rBKjeBLLp-=
jestLCYytgapcDZiZ7Om9q7RIEQWpoIg6-U1uVBqglvVPjadPsd6E3rPfQ_KEw3h_8dQRl_K2HK=
gkMWaIkepSMyQuuR3zr381JtXKJ2r4hH2FPxl6Q700MRtBGFIwBvTFeZT0UxFq6f5yWm" targe=
t=3D"_blank" rel=3D"noopener noreferrer">the primary concerns</a> they cite=
 is regulatory uncertainty. With a variety of hearings and pending legislat=
ion, and the White House=E2=80=99s <a href=3D"https://links.coinbase.com/u/=
click?_t=3D3aca56371967418192255878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f=
5ce9be&_e=3D4PJzI_bTGbiFyKpSNc-5PQ5tA9X0WMk52npgR-W7PwJvrHkZB77wBHp46396uta=
6OKHruZm7K-qgvReEcoq2MxwCi-RygiAm1admfrNtZqlYaGCtTX6P3JR6v6wTq0kgWwlVml9Pez=
0zS744Pr3heCIJOoR3XI9e_UY05iY8Tes9IGA_tBBsL0vX-8R_qki7SzmVawqjKrim5W0KuEiKP=
fOpH6c3uLlS7_hNX2SgbcAFroLsEYXiYjfneI0wp-nzd5-pqnXgbV0Pa-LlKUWgO4MQW1eG8kGH=
7lYFGRqRSseVNn86HPTXPaj5A7Qy8O5IjYStm6Q6-nvtDC1nHPVU761u0rQxddMyTthNfcSbVPU=
7diHn6uO1S7oClk4vX_TW7D-9-ZUzxCS6C_ZzixD9sjukQ7eoaSkOFKKtnncuZwFXjREcBmpbZC=
CUK8D_ZuwEvMvNjdOaRacxlstO9FiAN0uvVIFy04MSfJCAxsMkTkw%3D" target=3D"_blank"=
 rel=3D"noopener noreferrer">forthcoming executive order</a> about actions =
the United States government will take regarding digital assets, the smart =
money will be paying close attention.</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/u/click?_t=3D3aca5637196741819225=
5878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=3D4PJzI_bTGbiFyKpSNc-=
5PfhypaLiKrj7XkJPZMKcWI6NcJQ4nlO3m0NJYidC6qGBSLrqxYVVe-3eZzbiBNT1vm9_m1TbCG=
7iE9pUfOnBkoQW4UOkQ-To9rq8lX4XWsGZ_Zmumik0bBzMnV7eFWvvXCcfEFotCMGaY_Aq34s29=
0Xp_qQzXBKdiUWtPFetIg7lAwNPeZ1AkmnkU4SKQJkdQEIjZRz-mo1ldlNTz7yf5NIUfLllTc-Z=
UC-ptkSU7hiBSE-XVH961v6YJSRk6tdrJNU9R2Sa9KLkXGJF8SNY7uxL0nTEWGVIG1cHjhuHZAD=
4XIup07OYNi_XKWb4Y8oz-BnbZRvy7MoSW1OjRlR-9au_IjLGN0gpn4W4zJSFkvgZLiaWWQmeFB=
PB_LCi3wc3IJayXaKllNDKknLUt6Bm2ZxnzezyM6uEEXbgZjjMRb3nESskdB3evpeTio4kQnroR=
oAI7PvfDVScts9FWj2P4dP6pW9-Fy8HWb2vsKhhquzJxzl0sYZ7cO-B00y2a_40aA%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/u/click?_t=3D3aca56371967418192=
255878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=3D4PJzI_bTGbiFyKpSN=
c-5PfhypaLiKrj7XkJPZMKcWI6NcJQ4nlO3m0NJYidC6qGBSLrqxYVVe-3eZzbiBNT1vm9_m1Tb=
CG7iE9pUfOnBkoQW4UOkQ-To9rq8lX4XWsGZ_Zmumik0bBzMnV7eFWvvXCcfEFotCMGaY_Aq34s=
290Xp_qQzXBKdiUWtPFetIg7lAwNPeZ1AkmnkU4SKQJkdQEIjZRz-mo1ldlNTz7yf5NIUfLllTc=
-ZUC-ptkSU7hiBSE-XVH961v6YJSRk6tdrJA218pUH-a6M1uyDUei2fp_xNFiOvp5CJnrnSO_fB=
VSBK-tnbeckDSDF3vrmTCJV0HYnrYSR7n_ET8GznJ-BEZCNtR1ueDkpZ0rdYmuBRtvoBUcr_1Oz=
3Vwea3Hg-X2114NFu3eEMGsCWnJ6mXtSJHPlCikVyT3IzNAeBwTAPkzffI3jWiYsJgHbhPj9c3G=
l8A2CUxgw_C2IVEXbfVsIYiabJ8-hD_y-fyKCeSKl2yuYGNiYe4WZ788QuW89Fee1Zg%3D%3D" =
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 Coinbase=E2=80=99s polic=
y proposal</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" sty=
le=3D"word-break: break-word; vertical-align: top; min-width: 100%; text-si=
ze-adjust: 100%; padding: 48px 0px;"><table border=3D"0" cellpadding=3D"0" =
cellspacing=3D"0" width=3D"100%" align=3D"center" role=3D"presentation" val=
ign=3D"top" style=3D"table-layout: fixed; vertical-align: top; border-spaci=
ng: 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"margin: 0px; padding-right: 11px; vertical-align: middle;"><img sr=
c=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d571=
3-9b6a-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;"><str=
ong> CAN OF WORMS </strong></p></td> </tr> </tbody> </table> <p style=3D"ma=
rgin: 5px 0px 0px; font-size: 32px; line-height: 1.26; word-break: break-wo=
rd;"><strong>The story behind last week=E2=80=99s $323 million crypto hack<=
/strong></p> </div> <p style=3D"margin: 16px 0px 0px; line-height: 1.6; wor=
d-break: break-word;">Last week, the fourth largest crypto exploit ever <a =
href=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e96=
89713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=3D4PJzI_bTGbiFyKpSNc-5PTx986=
2QRFtV2iqCkxp0p8utuzcBYdM3z6Sg7pzY4iY0eatJhSFiHf-t-eoxHVPOKsJjD0EpNQYShdZz9=
xv3XHurWB3_CcbsWp6PAU43IXwZGWLYWa1rTchu47C77U63Y06qFppUkDy_bLnsJBvcfvei9sbW=
iGC6G7PvsRyCBTXx8r5O4ewYzejseBr2q2hYH74zeZSDYlR6JJAw6Wt4eRgOs7AzlJH8QHOeNuF=
FnPTYtsMAk20ivMOsfUUhHSlfV06vP9DZS18eGs4JrA-KtXucFZJjYeySR5TXCCHLXhC_aE4XoD=
JR4Dv2MUbspYWrHX2xCmocz1CiVmswJvzNVft4MetAawq5L1UfIH4jIKtNxQ8ILJkmOWllihVzb=
yGCR_jAbiJBGnbfZsFg5bZhbbkrOmC2MjY0nEv3ziHx08O7PVp0sXNngW38cVxwkavs5NRXD2Rf=
YZuMoxJKM8F8cjnhkEQ-m77jOZ5ThzBVYa_6HPLTYuDLAqCHiziUAQwW8A%3D%3D" target=3D=
"_blank" rel=3D"noopener noreferrer">drained $323 million</a> from a blockc=
hain bridge called Wormhole. (A blockchain bridge is exactly what it sounds=
 like =E2=80=94&nbsp;it allows users to move crypto from one blockchain to =
another.) While the victims of the hack were refunded within hours by Wormh=
ole owner <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637196741=
8192255878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=3D4PJzI_bTGbiFy=
KpSNc-5PRTebALxKTZSIKVhbXSFOgDniuBvGff7asLPtZbzDp68Z3HTwgWcycuwPK1fTrsuS1Rt=
9KaYRCHojnAo8-82M4IbGgJLz_tFH6S25S_lTQBwEzDQnwl06dlT2XjYTBjc52cn6ApBiVQbOYx=
k7q6lbRx72mYJj-I6aG3HxRF-NHZ4PzTtvn1DRUXIHzRQ7aiTPYCVMcDTdDuJXPwLIdqgZXIbL1=
xCnwQJmUVUmz82y4Wx7xQ6kXdofzMPUqNjvY6sSOBPZ1UBJnx696StMJxESfj50wt3cTdZRwJjX=
nnDBp6xVMVVKEOO1YBY-llDOL1jugEJrYHKSJx346LBMdiu5pMQQnU8piPk_SdxPwyoTsNa" ta=
rget=3D"_blank" rel=3D"noopener noreferrer">Jump Crypto</a>, plenty of ques=
tions remained. Like: Why was the hack possible? Who was responsible? And h=
ow did Jump Crypto have $323 million in cash on hand to fix things? Let=E2=
=80=99s dive in.</p> <!--[if mso]><ul style=3D"line-height:1.6;mso-line-hei=
ght-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>First, what=E2=80=99s Wormhole?=
 </strong>Wormhole is <a href=3D"https://links.coinbase.com/u/click?_t=3D3a=
ca56371967418192255878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=3D4=
PJzI_bTGbiFyKpSNc-5PWeUAyg_xEXhHkbYJsDZVVJOBkX5q_npWSJsFWucs5kcJoW2bP1O0Jv3=
KPBfxNltOCR_jY4ewyN2ENx1_YtedcoAwDACSdzTYoLrTRvLU98Ze9-gPvyPqx6zDGvwbg8g2hI=
LIM1HKMbdYEDWlHEK2EO9LFsxrq3VlbBXtqkHJRVq1ZcWWyJaEubZTRxmLlyZvRC6Gf0Jtqsbbs=
zZPhT3zIkOAEDJ5TrAL61ydbH7qQxHQIN8dj9q4i_5Gv2e4dIodwwvg9FkdQP6Itvy2fsH_zbvQ=
jU1Ki9zf-rknmE4s1ACBk7LyVh0uiBRGcUph2qyPsh95poXSKd2jtAAp8K5VTYQF0wbCzpO3Dtf=
wJ4awPGAUpnGg85HFXf1fkhh1fPT6Am8tVC7cEsKJcjf3kzGSqYt4SuA7YKAltBnopgZhDhJ3os=
x2FLKqMgAa2l8dsZKLw%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">on=
e of the biggest blockchain bridges</a> between the Ethereum and Solana net=
works, allowing users to move crypto and NFTs between the two chains. If a =
user wants to move 10 ETH from Ethereum to Solana, for example, they=E2=80=
=99d use Wormhole to lock their 10 ETH into a <a href=3D"https://links.coin=
base.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Df2dd30955bf64fe=
2865ca80b0f5ce9be&_e=3D4PJzI_bTGbiFyKpSNc-5PdR8-KFHz0dO4KwE6J6rqt8BhQBbIDBm=
xuFi_76GaGISIsqBZh4q_ZqrZY_dr59-g-LqykjjvYsnkqBib4h8gao07qXD5ZcI5Q3FPTWil5r=
skKkdwquPcWnfPjY2uYD8uZQ3MdElTrBPtkc4xqoC2n6LIuHbJVjrKuWXlQt0UnYg68xsVz2pci=
ovjXfBIQTh1Trm5fbgcE52QgLmE92vejxzdzt_Ucg-5tpLPIYuKJi-evxyRuNhxiWRnUOEAr8xo=
I9Uft-dWZ-ASZq8Hz6QQrB7CUyngPZlw_Mvo_gLFLyyAdv7L0Bu5weSyfzuzVxkrObvbV1n6Hkf=
IND5WOhLlQ2HXzwi1OKb0f1ysIzGtU9dz_pH9_MGmz9nl66S6H6Ra9Ry_6P47C21GJvwcuCe6iP=
5Gosg1-AErnOd-zdhGaIV" target=3D"_blank" rel=3D"noopener noreferrer">smart =
contract</a> on the Ethereum network, and would then be able to mint an equ=
ivalent amount of =E2=80=9C<a href=3D"https://links.coinbase.com/u/click?_t=
=3D3aca56371967418192255878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_=
e=3D4PJzI_bTGbiFyKpSNc-5PTMgSz72U8RnkGgm83eYb-lkFJbNN3utrpIHvIXa4ZA1U9pZ8yz=
lfAfvGx8IJIwMn4On6-iOe-qFa75wIbhKEbepy_DwagqcpoOdtj0vqRbsjCh-3kF88nDvv3AUas=
D3Ctf594Y9Mvp5CfW1EPSSdG37XnGBAo1NXfkMfEbfyjwgV4L5FLtI7mI4f_dcVeFrSt80RGH1W=
988YCFTozhuFWF6buPBFY7zLHbJWSKIO7MDXnkI3yA4kan2YIqotNQDKaaUiSTK1sZH3Ef4mFqc=
XP-tCE6Y60MPntTvRmCC_IHG82gR8SeO-oZLmUyjXHlfZyZhc-K97gd0stloJLXAl8E59SMZMv-=
X5IZ4GjHUnFpQah1Y5ZFxcOs524932o8v71R8p5kazjfX9RYgB-7MYTWqexlHQUqO8i6alw0ybs=
q4" target=3D"_blank" rel=3D"noopener noreferrer">wrapped</a>=E2=80=9D ETH =
on the Solana network.&nbsp;</li> <li style=3D"margin: 0px; padding: 6px 0p=
x;"><strong>The $323 million incident was the </strong><a href=3D"https://l=
inks.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Df2dd30=
955bf64fe2865ca80b0f5ce9be&_e=3D4PJzI_bTGbiFyKpSNc-5PTcGcJPg4iJunRBEVD4AaEl=
OeKpPL2XWalWXdrT4FRsFVzKzWnt7Oxhjl1ug10NKKbAq6zWP8N_IuRSTe9O12BE-XHxES2KykM=
YZfWQVNnieGM06qc2TuFDlfvU8n4lUJBmU5vR0UdB0AMu3BjlzgwM2bVak0gBbXuJXltGeZn8Wu=
89Lh8sxD9rp3N83CIABjftVXuLXy34FRCovJHUC-x2566Em-PB-fg_iI_mHy2I7NAY_cWb2o1OF=
FB8Wdpx2G1ADonW1ZqyFbHbLzNUEs8dq2-Lh3RMHHpg5QCNYqClKfq3_7teD7RPYA7jM5ZPHqor=
-J2vi40PHYrcH_e9VHy11-57aUyFR2DjnHlAcMhyGPFUOmqr-i-wnQvm5IzbklVGHhT6i1vETzG=
QLMtLmcUbKQgrM0ZBFIy003euFqLtSe2JcuRkMcCnNrzIjPyrR4w%3D%3D" target=3D"_blan=
k" rel=3D"noopener noreferrer"><strong>result of a software bug</strong></a=
><strong> </strong>that allowed an unidentified hacker to mint 120,000 wrap=
ped ETH on the Solana network without depositing the required collateral on=
 Ethereum. Soon after recognizing the hack, Wormhole paused all token trans=
fers on its bridges to begin patching the exploit, which took about 16 hour=
s. By Thursday morning, Jump had replaced the stolen ETH, ensuring that no =
user funds were impacted.&nbsp;</li> <li style=3D"margin: 0px; padding: 6px=
 0px;"><strong>Some on Twitter wondered </strong><a href=3D"https://links.c=
oinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Df2dd30955bf6=
4fe2865ca80b0f5ce9be&_e=3D4PJzI_bTGbiFyKpSNc-5PW9B-YhKFGfu0RPUjOQHF-KiSCfMm=
8MmKYEX4IPU8SfjKGhMXJKlPmqSaa1b34I8vjLq1oYxSTbxzZwfBJ3vfe7oHLV4RWFzIOdFRQwB=
zJqFy97VsSeQkdPuKXEFSAv2V4blrmhWWWkUpnxCRO4P_PtlNa-Aokcx5hYK0tHKGhJD0vzvwDp=
QJK0PuakjGQt1jpSPKApK0JUU-xquxrzKsLwgIJRXYkSUzSU8oXBjHXW-XAny3lZewGrIqA7pNO=
-1EixFhF81PA_OwHW5CSl2vnIR69oSHKTdyJGJRqf3w_pqc9iSM3waVehDXjm_7DbQtvX-D6PTz=
BxFrGUA6iJ17UtPMpB2tj1YWTm1MZBYyRo3qAUlb0d4tKtdYcoc8ASUnUsSzpOmvohYDCF8sTuh=
Odwzfma5L2th8VoV1v9OKO6En8zDVgW0FCf132rJ_9_W4g%3D%3D" target=3D"_blank" rel=
=3D"noopener noreferrer"><strong>how Jump came up</strong></a><strong> with=
 all that money so fast. </strong>Jump Crypto is a division of <a href=3D"h=
ttps://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=
=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=3D4PJzI_bTGbiFyKpSNc-5PX2jgZuoduNLRa=
QMGbMCpvi08sQVT3bhkhTD7fK8DmJdtnpnHaA7BlBoGEkIZdaQCpXCoey3ILuQDFP-Msbz4jXrp=
p4DrPNjg_b2JixWCIu37JiWxfCnzu_5GuaU9eT0OmxnXfEzENq7WDIwMSbG8Sauii9GTL8uITMg=
TYt46BhqFiALJDaRnOPLTlKwgTZYMhW2mvowMzDd6Jcb-JiXvP3j78j7XNTPeCro-FKWZXDFW26=
kNOJ26gJ9-0A-MwOMJtkOFqIYypFVHdIntZYst3IMDshGcxKVBq-2La4SjQCzkpI8SIQY6_-Vhe=
AETfT9thF-S_5i-lxS5y45Xge_Z9Rd5yT3mt3bcLSEU-3sPati" target=3D"_blank" rel=
=3D"noopener noreferrer">a decades-old trading firm</a> that has recently m=
ade a big push into crypto, building a crypto team of nearly 140 people. It=
=E2=80=99s not clear how it earns all of its revenue, but a major driver se=
ems to be executing crypto transactions made by Robinhood users, <a href=3D=
"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_=
m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=3D4PJzI_bTGbiFyKpSNc-5PdCwDqxj2yddo=
J6lvYUG1gw_BLCXWDjyStWZHrlj43KJPsuh0lV1h8llXH8H0RNBoBkOcXhDGeIh2WaAZF9JrT2A=
7B7I3-MNLDmcj2_Gz5sLfDdapNACnGfpPCJFWxYyatbWO2m3EPK3nBTtZfdXwIKo23DVIpnbyld=
3GDP1lQYQGjrk1odQsZ92eQlzuUvmBCgnocSSAmKx7b-Hmbhz17aUcwPlmt-QSbk4OHpcfptFI_=
yrW5GLnjYgX8-jYDR2S-zLFPhoPEuk05qDLneKe_tpC5Sg9lBLyKYfEO_bqcBOOwGIYCKLXMxy-=
p-JtgUmDyskC5XRxB0XPMFp-B3icoQ1Ung-MA0cAPMAUZ1cqxqWE_Ks3Q4w7QPu_LorA9iPDyOD=
_tw0sdBr30qsqFieuBZvyBqpN-GUnzpV0vLfx6Of8bziTSacwTlBdLO0bhBB4sAfFkPTakbH36v=
cdJrAr9yjoOqrQ0SblWn9OD8oPy0XxUP45N9aPdSR-Lw9FmfUEQ%3D%3D" target=3D"_blank=
" rel=3D"noopener noreferrer">a right it paid Robinhood $247 million</a> fo=
r during the first nine months of last year.</li> <li style=3D"margin: 0px;=
 padding: 6px 0px;"><strong>The attack highlighted potential vulnerabilitie=
s of crypto bridges.</strong> Developing safe and secure smart contracts on=
 a single blockchain is already difficult. Wormhole, which interacts with s=
ix chains (Avalanche, Oasis, Binance Smart Chain, Ethereum, Polygon, and Te=
rra) is faced with an infinitely harder task, as indicated by the exploit. =
Security experts, like Dan Guido, CEO of the security firm Trail of Bits, c=
all blockchain bridges =E2=80=9C<a href=3D"https://links.coinbase.com/u/cli=
ck?_t=3D3aca56371967418192255878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce=
9be&_e=3D4PJzI_bTGbiFyKpSNc-5PTx9862QRFtV2iqCkxp0p8utuzcBYdM3z6Sg7pzY4iY0ea=
tJhSFiHf-t-eoxHVPOKsJjD0EpNQYShdZz9xv3XHurWB3_CcbsWp6PAU43IXwZGWLYWa1rTchu4=
7C77U63Y06qFppUkDy_bLnsJBvcfvei9sbWiGC6G7PvsRyCBTXx8r5O4ewYzejseBr2q2hYH74z=
eZSDYlR6JJAw6Wt4eRgOs7AzlJH8QHOeNuFFnPTYtsMAk20ivMOsfUUhHSlfV2tg0lIbjYr-SM5=
_9G82aK09TsuXPGacG7ON7lfLx07eJGtwYkcOJ7I4LAFEHr22vCIhdQcN5rJi_XzfK7-4XQ0sn4=
-C0ssew9UnPZ5kQuyNA8uNQlPCsX0g97g7GXzBbqdL2KMSj4Oa4D0NrVfAbM_1bCZCzCmeQPK7p=
OkY7nduvfo0RDt3WBj_PRb4JIvVhC7OAC_RzRr3UWWEZeZozUA2Q6IK7XWPjk-gMBD38Ies1JfI=
7XZdaD9jD4kfKj0S2g%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">amo=
ng the most difficult code to write</a>=E2=80=9D because of the complexity =
of coding for multiple chains.</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>More than $20 billio=
n <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca563719674181922558=
78e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=3D4PJzI_bTGbiFyKpSNc-5P=
X098ai3l-6srQsiZn9ea0XfI6-AqjiSAxUxyvl7WBlnoeDM7-bMimozvjy5EbBeyaTohfdFRINO=
sl5fjvJ_TMQqAWKUh4eHT-lL_P8F3wwywKv7taei7O8u3mVmfiayUHb2W6FgEPKZvxVefWPWu0H=
YpIKiP1CJhf66FG9H5K7a9aYDpocxXjtctdpwiC9DzBLPh93C8evjjpbkfE0lkUHUI4QtsKlU9F=
C94lVnLxcogfh4koXsGBtzDhqAVKxGzh8r7if9D_rja34XnyEQQ6kFbXDHSn2SkLMTw10B3ii_E=
qv871TJxsmE61N1uyB59ry36xOBi3pIIP1OoN4Yul4-m72gAsKDwBvoIK3jzkjHtgG8YP2KxHNh=
oeygSJaW9lxIR6T9mgdpgsmt8bjVJEAP3VursIgBxIMVd0eK09qIqpdWLYq7Dyl4eLY06pyDmvk=
De8qSASplbeeTVUeYMWOH0JFalTeqblBGJIN6Zrkp" target=3D"_blank" rel=3D"noopene=
r noreferrer">is locked in cross-chain bridges</a> like Wormhole, and Ether=
eum co-founder Vitalik Buterin <a href=3D"https://links.coinbase.com/u/clic=
k?_t=3D3aca56371967418192255878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9=
be&_e=3D4PJzI_bTGbiFyKpSNc-5PbsNxhQ66fxY-a-S9BUa773PDm9D-B1KyJlFKK5etsM4q0w=
THLnADHlDzDbQqxXDm-X0cEP1fXGg-z2VKn9_3P_aDLMnKV5u5Cl9CpEc5rnmoH-_ALcukwumAI=
TdFhNcR2kGiLhe_PEgCmS2oTbHWCrHF-TE8GZ8KRUv6y0WrZMOyymKsAPFWke8BKtgqPwZEuFh1=
_u1NC29SSFOGCE34YO38mWeVN96a2wSjduxFsI--3_UQWWGju3X0PbF9vVh-WghyassmkbDEOk6=
yoD527FZ19OR4AvQegmGM9oOMI9DXt-wPIunryWbakZ3FnmOJTCg0wv4pOSzbDZJkcZPudYd5i-=
cz84rxHM_a398IwUYKLIsLpYm0UTcqgYBe5uIChZhUyFKzlw7B86BX4LuUFwW-jyG8Wg-7sCKu8=
2gjlEkEvovmEXxNx_sMrLkXhEnDDF9EIJl0zdIRHMzpMDNSc4O8MFtM6sW36lZYKtn2ylpygiSO=
E4-GmgAs-chPhxPJzsG8wmcufSvR0C4UDW76i58ZjZthl6FLbp5nlaObTKvVu6jYpYTxZq8mXRf=
UGknalFAO-EQnM5HwDn6yx9pfRhs82dnI5vwE5-gqm2oqYRyXjCLWRJvbiPJGDaRqMNBjvE84Ii=
XedirjKKGhM_9vMwzSKYNJ_duNs5hdvR-C6h4I7a2InC-4ViLAoR4dfcR5htc1ir_lzVjJI4OiZ=
JITdR9gSVBVngPb_zAQEHbQqP_c4nTJy2RMpdQkbcnPOrp3ykafdxgNfutkhYpUWk4-RU%3D" t=
arget=3D"_blank" rel=3D"noopener noreferrer">recently highlighted the secur=
ity limitations</a> that exist with such applications. In fact, Wormhole wa=
s the second bridge to be <a href=3D"https://links.coinbase.com/u/click?_t=
=3D3aca56371967418192255878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_=
e=3D4PJzI_bTGbiFyKpSNc-5PchNK8qB7HEWfSC11-yYiZSr4pkyhsadkWc6By4u-MRzead3Zg9=
dhFEBs2ZWDLoqF0bOds38InN589joWIFdSBnVOfE-Fc9tTeyzXyZCVhn6crax7fTwsImQJJZEl5=
0cAvJBXKS6jiDzJ9LgpcCvlBe2oPdz-Hgsx9CcbiJQ5tkfilfPkf9A9WYH7U2OOFzXh8_MIO5LN=
E_y6Z3-82GQLwydwhStBufJQvfgK5JrvQ97IWYBOG_QbgYwcXRiKqYA3ElZizeS1Kek0te85Htd=
_TD9k1tzRW_nFqkWezCR8x-pNeG3R449qwh0fF2BFfVUqUhkO3X8Ayu8_U2WRpC3hhDNM2pBzFs=
Yh-6RVCMZI20HVHIbfh9UJbkdugcbfs4SsZO6YyIomhgPWEkN2oIFU-x60fQ2ryXoMN0LYQeGwu=
2UJe-zxn1OnKOB4Ri1dZNDivIHTDjPKRAnLkoDptD43aBjJLZhMpKc2L3jXSZQqzJ9hZTJREJ0s=
jyivlwkaKRK3Gm2BcmGUDvfhigmdMVM-I528N8ST6V-UIc-CpSmyjAd" target=3D"_blank" =
rel=3D"noopener noreferrer">exploited in two weeks</a>. DeFi is still a rel=
atively new innovation, and while it offers <a href=3D"https://links.coinba=
se.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Df2dd30955bf64fe28=
65ca80b0f5ce9be&_e=3D4PJzI_bTGbiFyKpSNc-5PdR8-KFHz0dO4KwE6J6rqt8BhQBbIDBmxu=
Fi_76GaGIShNKn1rJxLxZSOO6-z5uWeTsWvOppDEe4h7tFMrPWe3yQfKdMqJ7o1DEebpD2HF__Q=
wZvqGc8fBD4qVDmV2RRsdZemOdq20Mr7ZaNTUpj3DomlN2dNKl8sM-NrEoa6ts9rEN3JLR7GlCW=
KBgqhghNl8cWzQ9WaC-dtki71J9DbS5HiWE4XsyUEBPk0PeBBPK9k-aXLAtbyZ-nOSDo4E7M71V=
uI7LflVrXlKENRp-vHjdyjOreIqcb20X4GeRfDZtgKpFSn2M2c-ObF9efJ2MTX07vt2nvKcet_J=
3tUPrrPwOIDV1KpdlvrLStJm_ulCvLPc3y7-daHoQTFmX96HcH5evg8k8pS4fF4SBbcqXqkTYBx=
KsFHv4A23rhCdM_TH8fbs378nDaTx9HX2FHOPB59c6jDNTwORb9dzMqPjfM2cdEEwGeGYv6eKtG=
d_RMofVMl5d8P9-ZsWIjCL6gM9TlPlaTRRnLlWDqBBPcptfAslOGr4tdHYNsgSKOi-fM0kJWU2p=
5EA6VcCd-iK-WgvjyBxY9Qo59dmpdvbDKfgJDtLFHfwg316leTr-RM94R9GrN5iwh3QQc8A0Ihi=
aDG25BPI-pGUcF8p5cBZkELMOn3f_vR2LQMdBb63o1vUzezzi9" target=3D"_blank" rel=
=3D"noopener noreferrer">vast benefits</a> outside the world of traditional=
 finance, it also comes with some heightened risks. Before using a protocol=
, ensure that its smart contracts are audited and that you=E2=80=99re follo=
wing the best practices to keep your crypto secure.&nbsp;</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:schemas-microsoft-com:vml" xmlns:w=3D"urn:schemas-=
microsoft-com:office:word" href=3D"https://links.coinbase.com/a/click?_t=3D=
3aca56371967418192255878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=
=3D4PJzI_bTGbiFyKpSNc-5PdR8-KFHz0dO4KwE6J6rqt8BhQBbIDBmxuFi_76GaGISDjhafTtK=
LFhF5Oz6unUR1xwVYUTki4SgLLIaEttbtRIbNaOVz1USELV2q0kgakZs3SvfAFLTfEoBNm-NQN3=
RJvrzg3beAALyxvZtVTa26qFk2V7So7iQLA_3AbUkbMjD75lx_hW2w61jon7H6eTQFFSRbwDDWJ=
YYLaeIKtrM-HKpMZrlO80QhT1VsYegvoVs96qshxweC80OMFJbcOMkg_9NBICL-_5j57ZaekURG=
cdhAZ8KA_ral-6onznaNrxPIk-3Zh22HB9Lk0QHOz3eNqAs4r_pwISwt6FXwe1hBlbPSqMQ0Oea=
RbFQqcu-4AsrvVaoQFNzzcjbeETsMUou08PWAcEQCGaVEG_XJABWvlqqBYgymVxrtk8yPpc0dX3=
q4ynhDtnDYLTY1fwpHVJwwQ%3D%3D" style=3D"width:350pt;v-text-anchor:middle;" =
arcsize=3D"17%" stroke=3D"false" fillcolor=3D"#0052ff"> <w:anchorlock/><v:t=
extbox inset=3D"0,0,0,0"><center style=3D"font-family: Helvetica Neue, Helv=
etica, Arial, sans-serif;"><![endif]--><a href=3D"https://links.coinbase.co=
m/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Df2dd30955bf64fe2865ca8=
0b0f5ce9be&_e=3D4PJzI_bTGbiFyKpSNc-5PdR8-KFHz0dO4KwE6J6rqt8BhQBbIDBmxuFi_76=
GaGISDjhafTtKLFhF5Oz6unUR1xwVYUTki4SgLLIaEttbtRIbNaOVz1USELV2q0kgakZs3SvfAF=
LTfEoBNm-NQN3RJvrzg3beAALyxvZtVTa26qFk2V7So7iQLA_3AbUkbMjD75lx_hW2w61jon7H6=
eTQFI43d-tvNpLyPQNWDtpKDt1ZQrRyu0-jWwUcqrb7_HxOMmqC0-Ravno2RHW0IQPFCbz5bb1U=
cxh4OkTZGeVC7rzwHkwb3T0jICcFE8-oHMHcMy7-EEMQTGg_750WdsEe72TywnJUvmMVjawakwG=
kbSUKC5r1sOQiW8_415ln9G8IT2qaW8EUAMyCWzaJHbWO9OnnGyfdmDZ91AcQ84EuL2disHsUpP=
o05LPDZSAKyLFcbnHLJOx84OrdvNLISSYQng%3D%3D" target=3D"_blank" rel=3D"noopen=
er noreferrer" style=3D"display: block; margin: 0px; line-height: 1.2; font=
-size: 16px; text-decoration: none; color: rgb(255, 255, 255); background-c=
olor: rgb(0, 82, 255); border-radius: 8px; text-align: center; padding: 18p=
x 0px;"><strong>Brush up on crypto security</strong></a><!--[if mso]></cent=
er></v:textbox></v:roundrect></td></tr></table><![endif]--></div> <a href=
=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e968971=
3&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=3D4PJzI_bTGbiFyKpSNc-5PdR8-KFHz0=
dO4KwE6J6rqt_ljcw4zu9B8ltY-1ZEZQIitG7PPTE-58DBzvj_QDFNwpUYLDTPRMqgt6J6uNv-F=
CmueyD-rQyTgSnTaFKaMFAIQL99MusY_eqrMIJbj4ZoFVrhKB3jWUZ1QCM4gpotxxspyWZfLwt7=
oGD7-XvtpVYnK0j7IFgA76i8EnlcwevpTbrX67TX_HUqL5rwvObT-khTkrsStSlktoELIyvLKl_=
fXdWlir4aDZM9UtG-cOloC3P_Hxj09ldh-4IoJytFcePUbvX2RS85QK_8HkOX8--7-1Xs5errvi=
UL80uGooMPtylYhDnrxMRJ4tSRAgpCcXyazPutVcFDQaa88CdkvDqmlMj_WdCvueuIN6zfpLRwW=
w%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer"><!--[if !mso]><!-- -=
-><div class=3D"desktop_hide" style=3D"display: none; max-height: 0px; over=
flow: hidden;"><img src=3D"https://images.ctfassets.net/q5ulk4bp65r7/28RPj3=
RUwCb6Cpby298aZI/c9e876c8644086f83cfcadb4684cb11c/new_promo-mobile-earn.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/q5ulk4bp65r7/6I0yCrePeiDJSGjYQ71pdp/ea86db5907bfdb3766afc712=
2b5417de/new_promo-desktop-earn.png" width=3D"100%" style=3D"display: block=
; width: 100%; margin: 64px 0px;"></div> </a> <div style=3D"margin-bottom: =
16px;"> <table style=3D"margin: 0px; padding: 0px;"> <tbody> <tr> <td style=
=3D"margin: 0px; padding-right: 11px; vertical-align: middle;"><img src=3D"=
https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6=
a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/dot-1.5x.png" wid=
th=3D"12" height=3D"12" style=3D"display: block; width: 12px; height: 12px;=
"></td> <td style=3D"margin: 0px; padding: 0px; vertical-align: middle;"><p=
 style=3D"margin: 0px; font-size: 16px; letter-spacing: 0.075em;"><strong> =
NUMBERS TO KNOW </strong></p></td> </tr> </tbody> </table> </div> <p style=
=3D"margin: 16px 0px 0px; font-size: 32px;"><strong>$5 billion</strong></p>=
 <p style=3D"margin: 4px 0px 0px; line-height: 1.6; word-break: break-word;=
">Record amount of monthly <a href=3D"https://links.coinbase.com/u/click?_t=
=3D3aca56371967418192255878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_=
e=3D4PJzI_bTGbiFyKpSNc-5Pcs_PbPp47R-EMBIkzAMmH3lLDNM8um8R5d6P95JR6oEe_AlWUp=
0oHWasAWSIRb-IO72m4CgTlh0CsdsnkhPIuAk4MHg-RtDEM_CFmwIFcWsGQVDsDvtUYLeIfcsA5=
UxzJv9VmHOIr-MdeNKNAKvcW-RIWB06T7F5o9ogd8JDc6RR0J2oRvZSnZa9-nX6lnYpLJSxg_G2=
Y0f8rjPUN_rMQ33VwF1QBi1YvYCiOr26Ipyg3hVzlZrZYKjfJ72dFyPM3Hyn_MZ7Rueam44R7HO=
MiuZVTX5B7xiTq899qny5P_AcvX0Ezjdb4r5i7HmoOv4iek0nYKmgTsMJfI8V3WkACyx0MfAeH8=
i5bDQho7zC7G5uDbKXSjPmARD7yGAHALSR1eyidpe-ci3TIGoTKgt5E36iHLOKSC5tX45njQ_on=
XgQKO5ML3KXIYD6n-FaZKwOWnmfRmVH3kLC4epqFqQslMDcuEk3kYjjxrCiOLDaKoc" target=
=3D"_blank" rel=3D"noopener noreferrer">venture capital funding</a> that po=
ured into roughly 200 crypto-tech startups in January. How=E2=80=99s Februa=
ry looking? <a href=3D"https://links.coinbase.com/a/click?_t=3D3aca56371967=
418192255878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=3D4PJzI_bTGbi=
FyKpSNc-5PdR8-KFHz0dO4KwE6J6rqt8BhQBbIDBmxuFi_76GaGISt9a6BKknD99CQHYkvwrz2f=
9K9NQbX7WS8pzTszChIW0pUVRBTpzjf09G48hxQZ6hZN-WLmTLCurR914dBeTcxM5p_MQqfCriU=
UX9tptUuDRZHclobrtKPetX31uoYA45MKzj-Yu5Q1IZ2YPPHZhSqzrzqqTGBgg0ABD_igGWQ4Yn=
cdZaVaDzBeqVQEM2WIn8jjBICbYe94QLgNBy2cxxGYvia9DPRTXlwoXfa8DsCdELji9ccVXJTu2=
u3P3VTX0DSVNw0iaX6INtAGIMhKZXlCkTVZNo2ZXc06GwxncVZOLHO1EjmIFp480WxQoalVFgqu=
z8eGJAmnzf6IsR9TP96n32ln90bnswUalFGYUb0Xk%3D" target=3D"_blank" rel=3D"noop=
ener noreferrer">Polygon</a> =E2=80=94 the Ethereum scaling solution with l=
ow fees and speedy transactions =E2=80=94 just raised $450 million this wee=
k from Sequoia Capital India and 40 other VC firms.</p> <p style=3D"margin:=
 16px 0px 0px; font-size: 32px;"><strong>$3.6 billion</strong></p> <p style=
=3D"margin: 4px 0px 0px; line-height: 1.6; word-break: break-word;">Amount =
in BTC <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637196741819=
2255878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=3D4PJzI_bTGbiFyKpS=
Nc-5PZP5gZUbHOZ6fntfoimcrUNEuCSAIfsQ5MhZMQTI3ENR1N2VEdky-ZPkFtT7yVpJ8d5Jr2v=
dgaZ56rvry_sWN5e4TTkreTV2Zhbkw41UitDTRvgpAz5cq4L8DLISlSmISMEJzTEQF9fYo57zjG=
-Eoz392p8GqhGWrjuMhd8BEOOnXadMKInR6L3f9WJovqWgng_ThjusVkGEUuIAviukXKYu9XDRY=
oPkHj6VWrPKSfOndWk4BlvKQOC2jiMkHwAmYvkvME6zDA7yyWqg-_teSlWenzse6xRN5kHbjbaC=
xyQiSPNC23B2Jui0N_Tuo-EpR43bitwtS1WxIqv6A04XwWRjQCdL0PF5FialyqxnjLshxdoc3cs=
7-xoE3GVR8MLfThXq-S_UhnmemBE3K7RL9ZpPBpJcwxlCOcIOJ2lNUd5BX450Z0VetqN0ebEkz_=
aGuA%3D%3D" target=3D"_blank" rel=3D"noopener noreferrer">seized by the U.S=
. government</a>, which alleges the funds were stolen in the 2016 hack of t=
he crypto exchange Bitfinex =E2=80=94 the largest-ever financial seizure by=
 the Justice Department. Assistant Attorney General Kenneth A. Polite Jr. s=
aid, =E2=80=9CToday, federal law enforcement demonstrates once again that w=
e can follow money through the blockchain.=E2=80=9D</p> <p style=3D"margin:=
 16px 0px 0px; font-size: 32px;"><strong>1.7 million</strong></p> <p style=
=3D"margin: 4px 0px 0px; line-height: 1.6; word-break: break-word;">Number =
of transactions per second that the U.S.=E2=80=99s central bank digital cur=
rency (CBDC) research initiative, <a href=3D"https://links.coinbase.com/u/c=
lick?_t=3D3aca56371967418192255878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5=
ce9be&_e=3D4PJzI_bTGbiFyKpSNc-5PUlubJs4-2OYdb7tIovbTQ6o5tgJ3SJME92fx3PdvmGJ=
8h71rQvvcgC40-2U_Z3Eo0noqXGTgKZpWiPtTTBoy3Zd_9XGaMasPZHtahu7fXjvYUZQYEbQoTk=
klO-KcHX7UxgOxW2pDOiQJCDQqFnzUN2CEH7Vv8-1LAGYfBE1Qg1a4c4KKa8b53znhWz9Utsz0d=
jI3XttKQ0W6pqbLz2WGcYwHe3JN5zIduMFfobDpSSHVaYKCoQv4diW3ZaxM0wlAjrWghw5BY8XH=
xZKG4xyxCewCMhoO5dld2k2JkvsyR4RUULawB90hjxmGrVpOwk4dlu9vlT6GaKp6Gyp6Det0mIU=
P8cUFDjzG8KoSGoCaw4w7d1hjqmIWk4ByeI7UAvMWM39_zCHNxkm1cnuqvOzOtkhin0bopr1S4l=
KlGRNO5ngmawAc1XhA8POgkKebFtd51KbIlyQ456DXWEWo7q-Z6w%3D" target=3D"_blank" =
rel=3D"noopener noreferrer">Project Hamilton</a>, is able to process. Helme=
d by The Federal Reserve Bank of Boston and MIT, the project is conducting =
technological research about CBDCs =E2=80=94 a digital version of governmen=
t-issued money =E2=80=94 but =E2=80=9Cdoes not aim to create a usable CBDC =
for the United States.=E2=80=9D</p> <p style=3D"margin: 16px 0px 0px; font-=
size: 32px;"><strong>$650,000</strong></p> <p style=3D"margin: 4px 0px 0px;=
 line-height: 1.6; word-break: break-word;">Starting auction price of a Flo=
rida home <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca5637196741=
8192255878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=3D4PJzI_bTGbiFy=
KpSNc-5PdO3_E8d2U7trfJKr1ip-Flkgg8gW9Z4fgXL-vP0Y4v-r0kSwEHr-qZ3U5qc6V1xu2p5=
tK3hHb4-iVhSZG2hZ5qcCl3YHpxT7hNS9yWD4jLoy7vyvJhUWu5iYht3d48ffxVURr1OxLCUXRQ=
Nl65n7_TPacwNS-EbxylSf95ZwiZSmP2GmDlK9rwMIm-aEyHjvueHdQu04f89Qlx0DQusQ7yhZb=
UGlbxXw0NAGp_grr-YWFRFITMIx-8V9ug0k7M8W5zrjXXyN58tpPdbbcnSVskX_8zBNt9Q03T1s=
SeD-3sTF_bpfAOY27Zazv7QSwmXP4JWUap2WTizoYbGlQZDCdkCYZu1Z1dzKAPYIKVjsZYDrlkH=
zDXTgfO9ZG-8Y7Vm9dZm8FWln1G2YJ25kynNoBw%3D" target=3D"_blank" rel=3D"noopen=
er noreferrer">being sold as an NFT</a> =E2=80=94 a first for a piece of re=
al estate in the U.S. The NFT will include ownership rights to the 2,000 sq=
uare-foot-home and custom mural by a local Florida artist. (<a href=3D"http=
s://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Df=
2dd30955bf64fe2865ca80b0f5ce9be&_e=3D4PJzI_bTGbiFyKpSNc-5PdR8-KFHz0dO4KwE6J=
6rqt8BhQBbIDBmxuFi_76GaGISb8TtIX_EJaAGVXHzsXefGpOTAlTQRLKtdwCSl-HuLtIIoKWNw=
1R2nvY55In9Ha9Aw4VrTrodG3GnnI_5CcOiPAk5oAYDyipd_H63ItFeFEFafdmwtxkxoIb9szHk=
zkHJ9L71pFpKFmA1q570WgC5qWsLac5jw3DBkHTHN2ytuEPWhG9TgW81BKo3CwjdqkUCH55VHls=
H5kxSEO1cswEu496fpGaHK8vsspXgP-iKMPpsbI52n72LrDzD5H5pt8EE2RvjT43TyRKbMR23Bw=
mFeQsFQJxxqp2wyW1Y0y6nAUuSlUViW-gw7FHIkB5K2EFGeIVutHtRQZmnzBk3_qBerWsDn9Ivi=
Olb9P67TwPTxFU%3D" target=3D"_blank" rel=3D"noopener noreferrer">NFTs</a>, =
popularized by viral artwork, can authenticate ownership for a vast array o=
f digital and physical goods.)</p> <p style=3D"margin: 16px 0px 0px; font-s=
ize: 32px;"><strong>17</strong></p> <p style=3D"margin: 4px 0px 0px; line-h=
eight: 1.6; word-break: break-word;">Number of crypto exchanges (including =
Coinbase) that founded the <a href=3D"https://links.coinbase.com/u/click?_t=
=3D3aca56371967418192255878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_=
e=3D4PJzI_bTGbiFyKpSNc-5PUVBXYK0iGe8NSeu9W0cyKG4OJWnimOSh3CSpuzqzpB3Vja2GQf=
nrDZtNr9EVs9eqHVYrL5KDBDgDDEr3ErXcQ0DrRZXTIEmqLX505G5PyoDsJHGa3qsT-K9hbunY-=
bgOJMY6SgmdWYyH66jiuEz5uHNsBQDVy7zVJ-JMbKtmqfyIC3qjetspl_ojlHAeG8yGJpigEqg3=
Qp02DBxsFaVLT3SDdPLhaFAU6mbWVKBFM5ak-4e0yFC0wZ93YxHCNlkSyhXeQ6g7nkoD8KxevH8=
Aupcc6uBQxi21VlcoQwQ5Dgij3iGBjn-CUy4QqJ7O0RjBeIalZdJ6_nhknGN1UHAzaLBy0MiNLH=
7zCEI1ZET_mkT8dw7Pz1zmUtV7S5ny0JI3g%3D%3D" target=3D"_blank" rel=3D"noopene=
r noreferrer">Crypto Market Integrity Coalition</a>, a new group whose miss=
ion is to work with regulators to =E2=80=9Cpromote public and regulatory co=
nfidence in the new asset class.=E2=80=9D</p> <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 valig=
n=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" cellp=
adding=3D"0" cellspacing=3D"0" width=3D"100%" align=3D"center" role=3D"pres=
entation" valign=3D"top" style=3D"table-layout: fixed; vertical-align: top;=
 border-spacing: 0px; border-collapse: collapse; border-top: 2px solid rgb(=
222, 224, 226); width: 100%;"> <tbody> <tr style=3D"vertical-align: top;"> =
<td valign=3D"top" style=3D"word-break: break-word; vertical-align: top; te=
xt-size-adjust: 100%;"><span></span></td> </tr> </tbody> </table></td> </tr=
> </tbody> </table> <div> <table style=3D"margin: 0px; padding: 0px;"> <tbo=
dy> <tr> <td style=3D"margin: 0px; padding-right: 11px; vertical-align: mid=
dle;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/Integr=
ators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713=
/dot-1.5x.png" width=3D"12" height=3D"12" style=3D"display: block; width: 1=
2px; 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> TUNE IN </strong></p></td> </tr> </tbody> </table> <p sty=
le=3D"margin: 5px 0px 0px; font-size: 32px; line-height: 1.26; word-break: =
break-word;"><strong>How NFT marketplaces use =E2=80=9Cvampire attacks=E2=
=80=9D to compete for business</strong></p> </div> <p style=3D"margin: 16px=
 0px 0px; line-height: 1.6; word-break: break-word;">Vampire attacks? Staki=
ng? What is this, <a href=3D"https://links.coinbase.com/u/click?_t=3D3aca56=
371967418192255878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=3D4PJzI=
_bTGbiFyKpSNc-5Pd5IJdmAXVAvcIXW7GuZzBT0-BN7JPB86_GoFMLxvWKd7wZwEgnuxZBemQ-X=
w5BNcjgsyShFe2v5Xn0HXKMM2onRx5Dv2Uuuu1QZ5Ia0Ul3e7IzzG6XLrUFSG1ZHSiJOxg5D1GQ=
mEc0Fv3i2AEYIggwwT-4G2Na-gWogsxUra_qDDeIrqu66UbPIl604HC6eCPNxsH36E81NYiWaA_=
1S4jBRQUPNvb8tbH4wEql2m3bSMYHX0YrPVmuAa6x5gL3syg6lUQ0c0xZAA8QCQ4kjBo32wXrtk=
CsrETweRkJSVac3O4Q6l_c4Q5PwrQVrdUYvFdBbD-A25dgpxyzC4AIqJk8vbSC3ofhocHQjMoV8=
BIkTOh-NWOfxo9duCz4_IkzLVQ%3D%3D" target=3D"_blank" rel=3D"noopener norefer=
rer">Bram Stoker=E2=80=99s Dracula</a>? We kid, we kid =E2=80=94 we=E2=80=
=99re here to explain crypto=E2=80=99s ever-expanding glossary. On this wee=
k=E2=80=99s episode of <a href=3D"https://links.coinbase.com/a/click?_t=3D3=
aca56371967418192255878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=3D=
4PJzI_bTGbiFyKpSNc-5PdR8-KFHz0dO4KwE6J6rqt_M_23FP7_uuK_3Hd16X4Ce2-71CCp9qIb=
uSUSCv8eB8-CkTywzm9Te3TQP0NBrD5sWYQhIAI5qTYqMCiRGQYMhdDjQZq-3IfkjBW2AP9UsuP=
sAGvyD-sDQudSjgteyuIa_vrRd5oSEIzDTm-Ll3D5uLwqJpB1pAG5IIECmt6ZQoqG0Yn-71hS5K=
3lxUPQM9ORvsdAcn0cfgc4PKHIRiXD_R2VPb7A2WwDuUHWNwoytGMAY2CvjT5iVpn-VRtDysszA=
U47DC7mMgA6abNUrXcRSj2ELyQjwam5CW6cE5VdWqkCQM0c6gKr5OE4IyBpePqPtbe8M0NkGVN3=
Sds22emhatibm0vxyd3Ms2USVUt-X7A%3D%3D" target=3D"_blank" rel=3D"noopener no=
referrer">Around The Block</a>, Justin Mart and Katherine Wu break down the=
 spookily named strategy NFT market LooksRare used to attract collectors fr=
om industry leader, OpenSea.</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:schema=
s-microsoft-com:vml" xmlns:w=3D"urn:schemas-microsoft-com:office:word" href=
=3D"https://links.coinbase.com/u/click?_t=3D3aca56371967418192255878e968971=
3&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=3D4PJzI_bTGbiFyKpSNc-5PcG_4_O3n6=
UfvGbUvoXt9HTh2qIdRN9VueCQspJd1Cz6kttKwJNOFcrs9IM3wYy9YGwj7Yus3zMm85ElV2dBM=
_E4I4Fswzv7fV6ospm4zVSbhuhxIUUa8jG8aa687B4a9FRfOzssihESNWPDRpoxMj1mhaiUMdfY=
T_kU-EAsvtBOctA5INvskYM8c-mkUo99L2N15v4uatRKRJbH8-IFdBWK5JbcckgbLGpuV8kbz9A=
khA_eMwrILYj225g4ToCmYe8iFAzHnnIHUv-ALHUd4y2hk06Be1ylRemVgBcN5ZCAniGAbjIBNy=
Io-zMDsuWgg7DxTGoO-ij6PNPGewrLT43urXrd9_2MUeiYXuKLSZIuOsytOPR9w8ZBHf1R3uT3E=
y7XkFATuHZ16BlyhHYboq_tCPoBTm42Ao6-MUjYkzr-" style=3D"width:350pt;v-text-an=
chor:middle;" arcsize=3D"17%" stroke=3D"false" fillcolor=3D"#0052ff"> <w:an=
chorlock/><v:textbox inset=3D"0,0,0,0"><center style=3D"font-family: Helvet=
ica Neue, Helvetica, Arial, sans-serif;"><![endif]--><a href=3D"https://lin=
ks.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Df2dd3095=
5bf64fe2865ca80b0f5ce9be&_e=3D4PJzI_bTGbiFyKpSNc-5PcG_4_O3n6UfvGbUvoXt9HTh2=
qIdRN9VueCQspJd1Cz6kttKwJNOFcrs9IM3wYy9YGwj7Yus3zMm85ElV2dBM_E4I4Fswzv7fV6o=
spm4zVSbhuhxIUUa8jG8aa687B4a9FRfOzssihESNWPDRpoxMj1mhaiUMdfYT_kU-EAsvtBO9yN=
Lj5bduBHNEFB2CqIAouhd_QCApzhyvvsCowmsQSGeNocfIz-sZQ3kGuMEit3Gm61deW_3hWdiEM=
tTJpg0Nt4S254g2Xrmf4wOdczXDkFeUZKdscn1ALeP1aTxDxizC7tpKpPDspsoN7UqwNMqdflrQ=
SojRhxRQr_MylxYI7pW0B_5lfdgfEg48aoxjsD30Z4kmYV1-YLGNae_TL3_6SEhdSgTeY7Vhqm3=
TJXvOyJtMUERSAqpZZdp6ogmb-mf" 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: 8px; text-align: center; padding: 18px 0px;"><stron=
g>Listen to Around The Block</strong></a><!--[if mso]></center></v:textbox>=
</v:roundrect></td></tr></table><![endif]--></div> <table width=3D"100%" ro=
le=3D"presentation" valign=3D"top" style=3D"table-layout: fixed; vertical-a=
lign: top; border-spacing: 0px; border-collapse: collapse; min-width: 100%;=
 text-size-adjust: 100%;"> <tbody> <tr style=3D"vertical-align: top;"> <td =
valign=3D"top" style=3D"word-break: break-word; vertical-align: top; min-wi=
dth: 100%; text-size-adjust: 100%; padding: 48px 0px;"><table border=3D"0" =
cellpadding=3D"0" cellspacing=3D"0" width=3D"100%" align=3D"center" role=3D=
"presentation" valign=3D"top" style=3D"table-layout: fixed; vertical-align:=
 top; border-spacing: 0px; border-collapse: collapse; border-top: 2px solid=
 rgb(222, 224, 226); width: 100%;"> <tbody> <tr style=3D"vertical-align: to=
p;"> <td valign=3D"top" style=3D"word-break: break-word; vertical-align: to=
p; text-size-adjust: 100%;"><span></span></td> </tr> </tbody> </table></td>=
 </tr> </tbody> </table> <div> <table style=3D"margin: 0px; padding: 0px;">=
 <tbody> <tr> <td style=3D"margin: 0px; padding-right: 11px; vertical-align=
: middle;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/users/I=
ntegrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e96=
89713/dot-1.5x.png" width=3D"12" height=3D"12" style=3D"display: block; wid=
th: 12px; height: 12px;"></td> <td style=3D"margin: 0px; padding: 0px; vert=
ical-align: middle;"><p style=3D"margin: 0px; font-size: 16px; letter-spaci=
ng: 0.075em;"><strong> TOKEN TRIVIA </strong></p></td> </tr> </tbody> </tab=
le> <p style=3D"margin: 5px 0px 0px; font-size: 32px; line-height: 1.26; wo=
rd-break: break-word;"><strong>Which of the following is a taxable crypto t=
ransaction?</strong></p> </div> <div style=3D"margin-top: 16px;"> <table st=
yle=3D"line-height: 1.6; word-break: break-word;"> <tbody> <tr> <td style=
=3D"padding-right: 12px;"><strong>A</strong></td> <td> Converting BTC to ET=
H</td> </tr> <tr> <td style=3D"padding-right: 12px; padding-top: 12px;"><st=
rong>B</strong></td> <td style=3D"padding-top: 12px;">Spending DOGE to buy =
a pizza</td> </tr> <tr> <td style=3D"padding-right: 12px; padding-top: 12px=
;"><strong>C</strong></td> <td style=3D"padding-top: 12px;">Selling ADA for=
 cash</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 above<=
/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: 0=
px; width: 50%;"><!--[if mso]><table width=3D"100%" cellpadding=3D"0" cells=
pacing=3D"0" border=3D"0" style=3D"border-spacing:0;border-collapse:collaps=
e;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" xmln=
s:w=3D"urn:schemas-microsoft-com:office:word" href=3D"https://links.coinbas=
e.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Df2dd30955bf64fe286=
5ca80b0f5ce9be&_e=3D4PJzI_bTGbiFyKpSNc-5PdR8-KFHz0dO4KwE6J6rqt8BhQBbIDBmxuF=
i_76GaGISwaG4pAOzJ7Ze6R-PNLmghfuh2PswE9zlIwHmM5VvlSgWMVDyDY4B6dbkHjobC3fIf0=
IwgLiyG47JiJeh3uYZLo9GIwLdQS7qF3CPYx96FdIt_wFw-CAjv0PSwtRIJFR2AMgSfrIBEh3wz=
zcFxPW8LRRw2A2qCqV4_Qs3fazJqFQLjKIQ-n13KiCVk4nt42sHvhKySygyPuKmwAdwf694ff-7=
DhCprEReG8GS-DJRiHrL5jvxEC_BOiHdb9mvlyxeTwq1DunH5EpnKFqe2oXItQo8jszkJtQBNkY=
m3K-PnIjjFoI5LG04dYiUbMqt6jHfq1IEJ4QHA34ZHI8wB_rz2ijhEbilCaz-qGiCNas_YpcKq2=
akVtCLjEOLFfPLsRWkeclyDV9rH8urqATlXc3pMQ%3D%3D" style=3D"width:350pt;v-text=
-anchor:middle;" arcsize=3D"17%" stroke=3D"false" fillcolor=3D"#0052ff"> <w=
:anchorlock/><v:textbox inset=3D"0,0,0,0"><center style=3D"font-family: Hel=
vetica Neue, Helvetica, Arial, sans-serif;"><![endif]--><a href=3D"https://=
links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Df2dd3=
0955bf64fe2865ca80b0f5ce9be&_e=3D4PJzI_bTGbiFyKpSNc-5PdR8-KFHz0dO4KwE6J6rqt=
8BhQBbIDBmxuFi_76GaGISwaG4pAOzJ7Ze6R-PNLmghfuh2PswE9zlIwHmM5VvlSgWMVDyDY4B6=
dbkHjobC3fIf0IwgLiyG47JiJeh3uYZLo9GIwLdQS7qF3CPYx96FdIt_wFw-CAjv0PSwtRIJFR2=
AMgSfrIBEh3wzzcFxPW8LRRw2A2qCqV4_Qs3fazJqFR9S9i2tjSzTUyJf0pQjQ1nYOv6i72sjpD=
TGN9giTzSYmSGvkZlawqIAQipejn77v-ukLh52gOVrekKVxIOD3wiygzZdkDAQ-mfELPnlflcUN=
bh38ylkG99GedyDUYNzFOp2YOfz8LrBzyHefmC6vOGcRGvggWcqLYBbIWTsrkSLlBiFFpYJ__9M=
L69_SjzXRP8AZ6w6Mvuj_FumxzALSVnBbDCuMiLjEM6U38Z3p7oDA%3D%3D" target=3D"_bla=
nk" rel=3D"noopener noreferrer" style=3D"display: block; margin: 0px; line-=
height: 1.2; font-size: 16px; text-decoration: none; color: rgb(255, 255, 2=
55); background-color: rgb(0, 82, 255); border-radius: 8px; text-align: cen=
ter; padding: 18px 0px;"><strong>Learn about crypto taxes</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"ta=
ble-layout: fixed; vertical-align: top; border-spacing: 0px; border-collaps=
e: collapse; min-width: 100%; text-size-adjust: 100%;"> <tbody> <tr style=
=3D"vertical-align: top;"> <td valign=3D"top" style=3D"word-break: break-wo=
rd; vertical-align: top; min-width: 100%; text-size-adjust: 100%; padding: =
48px 0px;"><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D=
"100%" align=3D"center" role=3D"presentation" valign=3D"top" style=3D"table=
-layout: fixed; vertical-align: top; border-spacing: 0px; border-collapse: =
collapse; border-top: 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></t=
d> </tr> </tbody> </table></td> </tr> </tbody> </table> <div> <table style=
=3D"margin: 0px; padding: 0px;"> <tbody> <tr> <td style=3D"margin: 0px; pad=
ding-right: 11px; vertical-align: middle;"><img src=3D"https://d15k2d11r6t6=
rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6=
dd6a/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: 0p=
x; font-size: 16px; letter-spacing: 0.075em;"><strong> NOW TRADING ON COINB=
ASE </strong></p></td> </tr> </tbody> </table> </div> <a href=3D"https://li=
nks.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=3Df2dd309=
55bf64fe2865ca80b0f5ce9be&_e=3D4PJzI_bTGbiFyKpSNc-5PdR8-KFHz0dO4KwE6J6rqt8b=
ln0svA0NaIeSzef-uLga8CsvNvcdjf7U859BAf2vcJVvasfCmKCga-BmQkLRnrVJplTf6nuygSz=
j-pzp4gOUrdQErlGYT0_og1T3JcCuvnUx3z5GAvT9KfQwnNv-NVeaSb8tbPQuFjhRtbmJWqh9zU=
BxzRROSovTZAHHJprmaN_iT-6b7qvlXQm4SENzEQcRdOpCRLOv-okhM-5kjOqKDGoVzPMGWOLx8=
TpN2tanQkiydcLkXEbWB1308W695-hbxn8DHbWkOHzbxalnvH3aNx0fZ5hZ51PcbCqmZCXwXhHm=
Yi8TIoG4g1wgnpY13lGKtyT19iju0jm4DfV8KyAT6Fl5gHmctps4UXf9tH5CSypSbXcMPxRg72j=
cxS0m1NM%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>FIDA</strong></td> <td style=3D"vertical-align: middle; padding-l=
eft: 12px;"><img src=3D"https://dynamic-assets.coinbase.com/5bb635d7ddf5bc5=
375e0183189342bd1564b4eb0e819ef75901b5d80c53ca56b682b2f759aa6826ddfd3083001=
fdbaadc977c643ef42a5ccbcf80d3bd0591642/asset_icons/0d24eb929d1ffd834ddada26=
c07fb43c09d643f70926a44533facbb0bc4faf71.png" width=3D"26" height=3D"26" st=
yle=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/Integrators=
/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/News=
letter%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;">FIDA is a Solana token t=
hat governs Bonfida, a product that aims to build a user interface, API, an=
d data analytics for the Serum decentralized exchange. </p> </a><a href=3D"=
https://links.coinbase.com/a/click?_t=3D3aca56371967418192255878e9689713&_m=
=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=3D4PJzI_bTGbiFyKpSNc-5PdR8-KFHz0dO4K=
wE6J6rqt8H80f6hEZvlf_jY32Nbo2EcE1BebiXelLRyUV_hwZ53E5tPpGl28n705ZFI6qbVyBoY=
xXiMjR33fGjt_1Z62_ZYrZP6gHQo3HHl9y41PUTwR-pkRF_fH6-zZRZlH4RScsG1iWSdPG0Ji6u=
3ohuhqxxL5IKH8_FNH1PA003N5YLY5naLIDo0lRJZ7k3c9VjePI2fGBvwTZzBqTMARctJRXPd6f=
wxk59d-4quXoElx9IfJdFOK6lBV1Toe5J7YOhc7Jt2tdKu3XLW06w2jXAuBCPOtWqENk13tSF7w=
J7OPQ97wYtzGYvfjPeaaNnp2eIqxtsTmPKyOavGGErFXdfavQdNHroIMeq22e0MtA2-WlIECAow=
NdfIcsCsLWyrYg1ylI2jys-yoMtRpqFx1OjBx_F" target=3D"_blank" rel=3D"noopener =
noreferrer" style=3D"color: rgb(10, 11, 13); text-decoration: none;"> <tabl=
e style=3D"margin: 16px 0px 0px; width: 100%;"> <tbody> <tr> <td style=3D"f=
ont-size: 32px; line-height: 1.26; word-break: break-word; vertical-align: =
middle; white-space: nowrap;"><strong>QSP</strong></td> <td style=3D"vertic=
al-align: middle; padding-left: 12px;"><img src=3D"https://dynamic-assets.c=
oinbase.com/0c83e2312ae5ef807632620c4dd4d5c056da76b83022ee53521cf2698269b6a=
c52cb92c46395d23a51712abd5d73ba54a7cadf8dacaa7fcc57c3a4b5f8a7a72d/asset_ico=
ns/bef68605c98ea33617d80c3200a4d4193782303c04b610c6e380370866c308a4.png" wi=
dth=3D"26" height=3D"26" style=3D"display: block; width: 26px; height: 26px=
; vertical-align: middle;"></td> <td style=3D"vertical-align: middle; text-=
align: right; width: 100%;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.n=
et/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca563719=
67418192255878e9689713/Newsletter%20Assets/newlistings_light.png" width=3D"=
21" height=3D"18" style=3D"width: 21px; height: 18px; vertical-align: middl=
e;"></td> </tr> </tbody> </table> <p style=3D"margin: 0px; line-height: 1.6=
;">QSP is an Ethereum token that powers Quantstamp, a security auditing net=
work for crypto protocols. </p> </a><a href=3D"https://links.coinbase.com/a=
/click?_t=3D3aca56371967418192255878e9689713&_m=3Df2dd30955bf64fe2865ca80b0=
f5ce9be&_e=3D4PJzI_bTGbiFyKpSNc-5PdR8-KFHz0dO4KwE6J6rqt-slms0x-SV3eweSSKPdF=
jGTwub4MEoxUXEpT5olDQFJC5J8SpJ8YujK4xqee167ildqhdCpKFPbpVnXkh3nVEW4P7Q-3iO8=
BqcqYIbhRuEzm-6MsXRdRiQZscZgoCNJeRFwrbihVYmIWdRpjA6UdXVpY06GJz6dR7I697bD2Ex=
Llc4J7IJBo6He4bjSEVqbOt5ssm5hvQHUlb1HZ14vm5jKMZ0Zt_DRtJFMo6NuKnsaVSzFWAMoLh=
_cAzWYHKY7UOOdaCf4yXbAEpa6YatF7KzfDVEjL60R50VY8olNwGfgidX_827lUwNJx-gvKj47K=
8WeKTveowxmgFQoedCHmsQo2cEFh2-vg99THt1bg6XomDd9vBpER2WpCWGECtkNfc%3D" targe=
t=3D"_blank" rel=3D"noopener noreferrer" style=3D"color: rgb(10, 11, 13); t=
ext-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>AVT</str=
ong></td> <td style=3D"vertical-align: middle; padding-left: 12px;"><img sr=
c=3D"https://dynamic-assets.coinbase.com/f7f7c14130215ee06d1833c5e305488574=
c002f34d93d9510ddc14fd92c707c1180b7eb5e7ab5b99f0a17c4b20ba7d7c85c73df497e5b=
f09b0d8ba3820630ae3/asset_icons/a7e516708ed3bcb3408eb33705b68ad8b7de9e3781a=
a7976df94c64ff79401cb.png" width=3D"26" height=3D"26" style=3D"display: blo=
ck; 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/Integrators/669d5713-9b6a-46bb=
-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/Newsletter%20Assets/new=
listings_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;">AVT is an Ethereum token that powers Aventu=
s, a scaling solution for Ethereum that aims to provide faster and cheaper =
transactions. </p> </a><a href=3D"https://links.coinbase.com/a/click?_t=3D3=
aca56371967418192255878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=3D=
4PJzI_bTGbiFyKpSNc-5PdR8-KFHz0dO4KwE6J6rqt8CzkP99_msEpk4SYAg5WhGoWFbvRDb819=
4iZ2BqNlg7UIkmNmf-hxvKTnmKIWNjOHM6dpowIznd7_NL-i3OMZVahBafP03O_SqMrFZ0mxHU3=
3DYI23zmJ2IapHx0saSbD65WXZN4j7e3RsivqwuJenQ4xBv9MUtKBkPM9snQ3ULoUJNzusiGrpc=
kjOIXIWeUQ9uzeGzmgj-p8kSk2GnoNrrCoOkiQVTLx1pAGWZlug54VbTX0fhP9vuOnXJlqagwek=
nFxRRh07kR0cMznf9jjnLMUTKAEqKOMx98atsjNAHUbES-i5LcIKegYnlhkVddn1MP74ock31Rv=
7UofGyrq2xnoa0M6kD4PS3VX8JlBBljChSiUbjfqHORJLPlwqmUU%3D" target=3D"_blank" =
rel=3D"noopener noreferrer" style=3D"color: rgb(10, 11, 13); text-decoratio=
n: 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>ORCA</strong></td> <t=
d style=3D"vertical-align: middle; padding-left: 12px;"><img src=3D"https:/=
/dynamic-assets.coinbase.com/dd05661e865e97a78942d6684aa1a90cb28db91e48d339=
42714f395e75a1a2344ed577d0228d0cae4be2f6e74af774479bbf1c7c1690f13c9f0a1c87d=
d684efc/asset_icons/49435e1926043887024ed42b2dd3c3a07b096bf08f419d40e22555b=
9d953ec32.png" width=3D"26" height=3D"26" style=3D"display: block; width: 2=
6px; height: 26px; vertical-align: middle;"></td> <td style=3D"vertical-ali=
gn: middle; text-align: right; width: 100%;"><img src=3D"https://d15k2d11r6=
t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cf=
f6dd6a/3aca56371967418192255878e9689713/Newsletter%20Assets/newlistings_lig=
ht.png" width=3D"21" height=3D"18" style=3D"width: 21px; height: 18px; vert=
ical-align: middle;"></td> </tr> </tbody> </table> <p style=3D"margin: 0px;=
 line-height: 1.6;">ORCA is a Solana token that governs the Orca decentrali=
zed exchange. </p> </a> <table width=3D"100%" role=3D"presentation" valign=
=3D"top" style=3D"table-layout: fixed; vertical-align: top; border-spacing:=
 0px; border-collapse: collapse; min-width: 100%; text-size-adjust: 100%;">=
 <tbody> <tr style=3D"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> <=
p style=3D"margin: 0px; line-height: 1.6; word-break: break-word;"><strong>=
Trivia answer</strong></p> <table style=3D"margin: 12px 0px 0px; line-heigh=
t: 1.6; word-break: break-word;"> <tbody> <tr> <td style=3D"padding-right: =
12px;"><strong>D</strong></td> <td>All of the above</td> </tr> </tbody> </t=
able> <table style=3D"margin: 48px 0px 0px;"> <tbody> <tr> <td style=3D"tex=
t-align: left;"><img src=3D"https://d15k2d11r6t6rl.cloudfront.net/public/us=
ers/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca563719674181922558=
78e9689713/Rebrand%20Assets/coinbase_footer_wordmark.png" alt=3D"Coinbase" =
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a56371967418192255878e9689713&_m=3Df2dd30955bf64fe2865ca80b0f5ce9be&_e=3D4P=
JzI_bTGbiFyKpSNc-5PaXz8mkPjIVPCg929HYcDEIhBMQE_8ze7etJ7aSmURUFooRhVq5ZI4KsD=
5XTdA0fX9aFVnOg7xwll_FrKJxNKgCWuHUB0N4scKdHgH8C5CAJyh74kZ8d6uemeUKWDpUlswT5=
Ts1pMtKkRgerQ2kYf5s1NC5q3eIVZnMCbMdfjlgU-fV70t_YvO0vJfj-1R10jMt3o9uwqh1CX_i=
lpcmzuEVytX-xVQM4tfgdlQu8EY1etgAewiFNj5a80i6q0i4VqAgqP0vi9pirJXGD5qXQWTYzMd=
L3Bfz2Z9fzFPu-x8tFXwrYjQyP0KUotVuDRbHZqsc9BymZqZ49cAnfDEMK9bxsvERknv5k_d_tr=
J8LMv6FrXDUUNe53_JU7w6PZi1R6UlMKgYhewiSI_V-GUNEhOgxeGvws1TnDTkwN9jolY1C" ti=
tle=3D"coinbase ios app" target=3D"_blank" rel=3D"noopener noreferrer"><img=
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y: block; height: 46px; margin-right: 8px;"></a></td> <td><a href=3D"https:=
//links.coinbase.com/u/click?_t=3D3aca56371967418192255878e9689713&_m=3Df2d=
d30955bf64fe2865ca80b0f5ce9be&_e=3D4PJzI_bTGbiFyKpSNc-5PQ00Vzo3vOlBpjYi5gY_=
wuQBwKCuV-LFkha9_SivbSCiHdEaHtOoHzRChjqTJTqzg524Swpb_leVhiMo7k7Nx3gTaTYAxBp=
pOqECbtViSSdoH-eTVTYnuaqtT5d6raLeovRH3VrjfazmyvscJaMVsJrZSNprjwu5lR17cCZaqR=
XKWNNN77gCe2FQaWP_V_4FCMuU4p8N8YATnn3WTNvrTA8EIinPbAljbgm4nAIl1ueZmHBGiBWE0=
D7MfgMPdT03jBeVK3rBEaQ6NEZUYReUuwzHDtIjGTW02-qHQ__clzOBjlOYCQ7EnUYLPJFbJXJ0=
uSlo69gNQK3VnQ-P8BgY69VhaZVlR78VA3PeQZNiW5oRrO4YNVARhEdJzbihH5nZinUMpIGTGUD=
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"_blank" rel=3D"noopener noreferrer"><img src=3D"https://d15k2d11r6t6rl.clo=
udfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3=
aca56371967418192255878e9689713/Icons/app_google.png" alt=3D"Download on Go=
ogle Play" height=3D"46" style=3D"display: block; height: 46px;"></a></td> =
</tr> </tbody> </table> <div style=3D"margin-top: 24px;"> <p style=3D"font-=
size: 12px; line-height: 1.8; word-break: break-word; color: rgb(91, 97, 11=
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 This material is for informational purposes only, and is not (i) an offer,=
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