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   Coinbase Bytes
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   How the bank’s troubles are impacting crypto markets
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           09/03/2023
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      After a solid start to the year, crypto and stock markets have lost some steam since mid-February. [Spencer Platt via Getty Images]
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      <strong>
       What’s up? It’s Coinbase Bytes
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     <p style="margin: 0px; line-height: 1.6; word-break: break-word;">
      There’s never a dull moment on the blockchain. Here’s what you need to know this week:
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      <li style="margin: 0px; padding: 6px 0px;">
       <strong>
        Silvergate’s woes are dragging on the crypto market.
       </strong>
       A closer look at the crypto-friendly bank’s series of issues.
      </li>
      <li style="margin: 0px; padding: 6px 0px;">
       <strong>
        Key cryptoverse quotes.
       </strong>
       Elon Musk roasted trend-hopping in the tech industry, and Snoop Dogg’s wacky web3 endorsement.
      </li>
      <li style="margin: 0px; padding: 6px 0px;">
       <strong>
        Noteworthy numbers.
       </strong>
       The percentage of Ethereum stakers that are currently in profit, and 3 more stats to know this week.
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               <p style="margin:0;">
                <strong>
                 Bitcoin
                </strong>
               </p>
               <p style="margin:8px 0px;">
                £18,315.85
               </p>
               <p style="margin:0;font-size:12px;">
                -6.63%
               </p>
              </div>
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               <p style="margin:0;">
                <strong>
                 Ethereum
                </strong>
               </p>
               <p style="margin:8px 0px;">
                £1,298.31
               </p>
               <p style="margin:0;font-size:12px;">
                -5.52%
               </p>
              </div>
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               <p style="margin:0;">
                <strong>
                 Cardano
                </strong>
               </p>
               <p style="margin:8px 0px;">
                £0.27
               </p>
               <p style="margin:0;font-size:12px;">
                -10.11%
               </p>
              </div>
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               <p style="margin:0;">
                <strong>
                 Dogecoin
                </strong>
               </p>
               <p style="margin:8px 0px;">
                £0.06
               </p>
               <p style="margin:0;font-size:12px;">
                -10.78%
               </p>
              </div>
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             <td style="padding:0;vertical-align:top;">
              <div style="text-align:left;margin:0px 0px 0px 10px;line-height:1;">
               <p style="margin:0;">
                <strong>
                 Polygon
                </strong>
               </p>
               <p style="margin:8px 0px;">
                £0.90
               </p>
               <p style="margin:0;font-size:12px;">
                -12.37%
               </p>
              </div>
             </td>
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          <a style="text-decoration:none;color:#0A0B0D;" target="_blank">
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              <img height="12" src="https://inboxflows.com/_/image/https%253A%252F%252Fd15k2d11r6t6rl.cloudfront.net%252Fpublic%252Fusers%252FIntegrators%252F669d5713-9b6a-46bb-bd7e-c542cff6dd6a%252F3aca56371967418192255878e9689713%252Fdown-arrow.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZkMTVrMmQxMXI2dCJ9:1pa5an:t4l2dTVjScyJbz3KtQZjc3z1EVABhTchue1qlOM-anU" style="height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" width="12"/>
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              <div style="text-align:left;margin:0px 0px 0px 10px;line-height:1;">
               <p style="margin:0;">
                <strong>
                 Solana
                </strong>
               </p>
               <p style="margin:8px 0px;">
                £15.60
               </p>
               <p style="margin:0;font-size:12px;">
                -16.49%
               </p>
              </div>
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               <p style="margin:0;">
                <strong>
                 Bitcoin
                </strong>
               </p>
               <p style="margin:8px 0px;">
                £18,315.85
               </p>
               <p style="margin:0;font-size:12px;">
                -6.63%
               </p>
              </div>
             </td>
            </tr>
           </tbody>
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          <a style="text-decoration:none;color:#0A0B0D;" target="_blank">
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             <td style="padding:0;vertical-align:top;">
              <div style="text-align:left;margin:0px 0px 0px 10px;line-height:1;">
               <p style="margin:0;">
                <strong>
                 Ethereum
                </strong>
               </p>
               <p style="margin:8px 0px;">
                £1,298.31
               </p>
               <p style="margin:0;font-size:12px;">
                -5.52%
               </p>
              </div>
             </td>
            </tr>
           </tbody>
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         <td style="padding-top:40px;">
          <a style="text-decoration:none;color:#0A0B0D;" target="_blank">
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              <img height="12" src="https://inboxflows.com/_/image/https%253A%252F%252Fd15k2d11r6t6rl.cloudfront.net%252Fpublic%252Fusers%252FIntegrators%252F669d5713-9b6a-46bb-bd7e-c542cff6dd6a%252F3aca56371967418192255878e9689713%252Fdown-arrow.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZkMTVrMmQxMXI2dCJ9:1pa5an:t4l2dTVjScyJbz3KtQZjc3z1EVABhTchue1qlOM-anU" style="height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" width="12"/>
             </td>
             <td style="padding:0;vertical-align:top;">
              <div style="text-align:left;margin:0px 0px 0px 10px;line-height:1;">
               <p style="margin:0;">
                <strong>
                 Cardano
                </strong>
               </p>
               <p style="margin:8px 0px;">
                £0.27
               </p>
               <p style="margin:0;font-size:12px;">
                -10.11%
               </p>
              </div>
             </td>
            </tr>
           </tbody>
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         <td style="padding-top:20px;">
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              <img height="12" src="https://inboxflows.com/_/image/https%253A%252F%252Fd15k2d11r6t6rl.cloudfront.net%252Fpublic%252Fusers%252FIntegrators%252F669d5713-9b6a-46bb-bd7e-c542cff6dd6a%252F3aca56371967418192255878e9689713%252Fdown-arrow.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZkMTVrMmQxMXI2dCJ9:1pa5an:t4l2dTVjScyJbz3KtQZjc3z1EVABhTchue1qlOM-anU" style="height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" width="12"/>
             </td>
             <td style="padding:0;vertical-align:top;">
              <div style="text-align:left;margin:0px 0px 0px 10px;line-height:1;">
               <p style="margin:0;">
                <strong>
                 Dogecoin
                </strong>
               </p>
               <p style="margin:8px 0px;">
                £0.06
               </p>
               <p style="margin:0;font-size:12px;">
                -10.78%
               </p>
              </div>
             </td>
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          <a style="text-decoration:none;color:#0A0B0D;" target="_blank">
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              <img height="12" src="https://inboxflows.com/_/image/https%253A%252F%252Fd15k2d11r6t6rl.cloudfront.net%252Fpublic%252Fusers%252FIntegrators%252F669d5713-9b6a-46bb-bd7e-c542cff6dd6a%252F3aca56371967418192255878e9689713%252Fdown-arrow.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZkMTVrMmQxMXI2dCJ9:1pa5an:t4l2dTVjScyJbz3KtQZjc3z1EVABhTchue1qlOM-anU" style="height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" width="12"/>
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             <td style="padding:0;vertical-align:top;">
              <div style="text-align:left;margin:0px 0px 0px 10px;line-height:1;">
               <p style="margin:0;">
                <strong>
                 Polygon
                </strong>
               </p>
               <p style="margin:8px 0px;">
                £0.90
               </p>
               <p style="margin:0;font-size:12px;">
                -12.37%
               </p>
              </div>
             </td>
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           <tbody>
            <tr>
             <td style="padding:0;vertical-align:top;">
              <img height="12" src="https://inboxflows.com/_/image/https%253A%252F%252Fd15k2d11r6t6rl.cloudfront.net%252Fpublic%252Fusers%252FIntegrators%252F669d5713-9b6a-46bb-bd7e-c542cff6dd6a%252F3aca56371967418192255878e9689713%252Fdown-arrow.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZkMTVrMmQxMXI2dCJ9:1pa5an:t4l2dTVjScyJbz3KtQZjc3z1EVABhTchue1qlOM-anU" style="height:12px;width:12px;margin:2px 0px 0px 0px;vertical-align:top;" width="12"/>
             </td>
             <td style="padding:0;vertical-align:top;">
              <div style="text-align:left;margin:0px 0px 0px 10px;line-height:1;">
               <p style="margin:0;">
                <strong>
                 Solana
                </strong>
               </p>
               <p style="margin:8px 0px;">
                £15.60
               </p>
               <p style="margin:0;font-size:12px;">
                -16.49%
               </p>
              </div>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
     </div>
     <p style="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 Mar 9, 2023 at 01:44 AM UTC
     </p>
     <div class="cta_button" style="margin: 24px 0px 0px; padding: 0px; width: 50%;">
      <!--[if mso]><table width="100%" cellpadding="0" cellspacing="0" border="0" style="border-spacing:0;border-collapse:collapse;mso-table-lspace:0pt;mso-table-rspace:0pt;"><tr><td style="padding:0;" align="left"> <v:roundrect xmlns:v="urn:schemas-microsoft-com:vml" xmlns:w="urn:schemas-microsoft-com:office:word" href="https://links.coinbase.com/a/click?_t=3aca56371967418192255878e9689713&_m=278488c7ea394c7080e0791c46d943bc&_e=oupOKngJFMYrUUrd8eniPihbBGGKM8KzmvUAfMjPMuhS2uo1HLMy86L9da3layPYq0w0kzBp27__KYL8M60F_Hd7rJUb11u0TEdS1B1Eu1yHhq1Lz0GSqTTvaXZqJO6fjRQ0QfUCs2e16aOPp7KzbwrG619-Glo2T1ZlkqFygtQ36zckaBKoMhC45FkNaMZf9-IKLCxfC6n8l54JIdsPBpsegkKpMwgdMERJcyulj3HddUhdkZ6eWA1dneMbfWpeRRjGbBTS8U7Jy3oBYgbVCWd3dU4_kAV6rgCIhFuULlR5XUt5zj0d5kH0UzPWKM2MyRfp-1SB_7DeTpLq4wxn6A%3D%3D" style="width:350pt;v-text-anchor:middle;" arcsize="17%" stroke="false" fillcolor="#0052ff"> <w:anchorlock/><v:textbox inset="0,0,0,0"><center style="font-family: Helvetica Neue, Helvetica, Arial, sans-serif;"><![endif]-->
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       <strong>
        See the latest prices
       </strong>
      </a>
      <!--[if mso]></center></v:textbox></v:roundrect></td></tr></table><![endif]-->
     </div>
     <table role="presentation" style="table-layout: fixed; vertical-align: top; border-spacing: 0px; border-collapse: collapse; min-width: 100%; text-size-adjust: 100%;" width="100%">
      <tbody>
       <tr style="vertical-align: top;">
        <td style="word-break: break-word; vertical-align: top; min-width: 100%; text-size-adjust: 100%; padding: 48px 0px;" valign="top">
         <table align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="table-layout: fixed; vertical-align: top; border-spacing: 0px; border-collapse: collapse; border-top: 2px solid rgb(222, 224, 226); width: 100%;" width="100%">
          <tbody>
           <tr style="vertical-align: top;">
            <td style="word-break: break-word; vertical-align: top; text-size-adjust: 100%;" valign="top">
             <span>
             </span>
            </td>
           </tr>
          </tbody>
         </table>
        </td>
       </tr>
      </tbody>
     </table>
     <div>
      <table style="margin: 0px; padding: 0px;">
       <tbody>
        <tr>
         <td style="margin: 0px; padding-right: 11px; vertical-align: middle;">
          <img height="12" src="https://inboxflows.com/_/image/https%253A%252F%252Fd15k2d11r6t6rl.cloudfront.net%252Fpublic%252Fusers%252FIntegrators%252F669d5713-9b6a-46bb-bd7e-c542cff6dd6a%252F3aca56371967418192255878e9689713%252Fdot-1.5x.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZkMTVrMmQxMXI2dCJ9:1pa5an:t4l2dTVjScyJbz3KtQZjc3z1EVABhTchue1qlOM-anU" style="display: block; width: 12px; height: 12px;" width="12"/>
         </td>
         <td style="margin: 0px; padding: 0px; vertical-align: middle;">
          <p style="margin: 0px; font-size: 16px; letter-spacing: 0.075em;">
           <strong>
            BEAR AT THE GATE
           </strong>
          </p>
         </td>
        </tr>
       </tbody>
      </table>
      <p style="margin: 5px 0px 0px; font-size: 32px; line-height: 1.26; word-break: break-word;">
       <strong>
        How Silvergate Bank’s troubles are impacting crypto markets
       </strong>
      </p>
     </div>
     <p style="margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;">
      After holding steady above $23,000 throughout much of February, Bitcoin has fallen roughly 6% in the past week, pressured by
      <a rel="noopener noreferrer" target="_blank">
       persistent inflation concerns
      </a>
      , the specter of regulatory enforcements from the SEC, and negative crypto industry headlines. One of the biggest drivers of the latter has been the unraveling of Silvergate Bank, a bank best known for serving some of the largest firms in the crypto industry. Last week, Silvergate
      <a rel="noopener noreferrer" target="_blank">
       shuttered its crypto services
      </a>
      due to insolvency concerns and delayed filing an annual report to the SEC, citing “heightened regulatory scrutiny.” As Silvergate’s problems stack up, we’re breaking down the basics you need to know.
     </p>
     <p style="margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;">
      <strong>
       What is Silvergate Bank?
      </strong>
     </p>
     <p style="margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;">
      Silvergate Bank was one of the earliest banks to provide commercial banking services to crypto exchanges and other digital assets businesses, largely through its
      <a rel="noopener noreferrer" target="_blank">
       Silvergate Exchange Network
      </a>
      . SEN, which was
      <a rel="noopener noreferrer" target="_blank">
       shuttered
      </a>
      last week, was a 24/7 instant settlement service that allowed clients to transact at any time, unlike a typical 9-5 bank. This was ideal for crypto exchanges, as crypto markets operate at all times, well outside the schedule of traditional markets. Major companies including Coinbase, Kraken, Gemini, and Paxos formerly relied on Silvergate’s services.
     </p>
     <p style="margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;">
      <strong>
       Why is Silvergate facing issues?
      </strong>
     </p>
     <p style="margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;">
      Silvergate’s issues are connected to the collapse of FTX late last year. Prior to FTX’s collapse, the bank
      <a rel="noopener noreferrer" target="_blank">
       held
      </a>
      $16 billion in deposits, about 90% of which were crypto related. The bank wasn’t engaged in many of the risky practices that led to the downfall of other firms, like uncollateralized loans and hedge fund bets. But the bank run caused by initial concerns over FTX’s financial stability led to about
      <a rel="noopener noreferrer" target="_blank">
       $8 billion
      </a>
      in customer deposits being withdrawn from the publicly traded bank in the last three months of 2022.
     </p>
     <p style="margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;">
      These withdrawals forced Silvergate to quickly
      <a rel="noopener noreferrer" target="_blank">
       liquidate
      </a>
      many of its bond investments in order to pay depositors, leading to it realizing a $1 billion loss for the final quarter of 2022. Silvergate
      <a rel="noopener noreferrer" target="_blank">
       says
      </a>
      that they’re also facing potential investigations from bank regulators and the Department of Justice. Their stock is now more than 90% below the all-time high reached in November 2021, and analysts
      <a rel="noopener noreferrer" target="_blank">
       believe
      </a>
      the shuttering of SEN, their flagship product, is a sign they’re considering ceasing all operations.
     </p>
     <p style="margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;">
      <strong>
       What are the implications for the crypto industry?
      </strong>
     </p>
     <p style="margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;">
      The closing of SEN means that crypto firms will now need to find other onramps between digital assets and dollars. Coinbase, Paxos, Gemini and Crypto.com are among the established firms to have already
      <a rel="noopener noreferrer" target="_blank">
       cut ties
      </a>
      with Silvergate. Signature Bank, a Silvergate competitor, has emerged as a popular alternative option.
     </p>
     <p style="margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;">
      Meanwhile, Silvergate’s losses led the firm to
      <a rel="noopener noreferrer" target="_blank">
       announce last week
      </a>
      that it was evaluating the viability of a path forward. This week it was reported that the bank was in
      <a rel="noopener noreferrer" target="_blank">
       discussions with the FDIC
      </a>
      regarding its current financial situation.
     </p>
     <p style="margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;">
      <strong>
       Why it matters
      </strong>
      … News about Silvergate’s troubles comes at a moment when regulatory scrutiny is
      <a rel="noopener noreferrer" target="_blank">
       ramping up
      </a>
      across the industry — even White House Press Secretary Karine Jean-Pierre
      <a rel="noopener noreferrer" target="_blank">
       said
      </a>
      the administration is monitoring the situation. Regardless of the outcome for Silvergate, its troubles will likely remain a key talking point for regulators and the crypto industry in the months ahead.
     </p>
     <div class="cta_button" style="margin: 24px 0px 0px; padding: 0px; width: 50%;">
      <!--[if mso]><table width="100%" cellpadding="0" cellspacing="0" border="0" style="border-spacing:0;border-collapse:collapse;mso-table-lspace:0pt;mso-table-rspace:0pt;"><tr><td style="padding:0;" align="left"> <v:roundrect xmlns:v="urn:schemas-microsoft-com:vml" xmlns:w="urn:schemas-microsoft-com:office:word" href="https://links.coinbase.com/a/click?_t=3aca56371967418192255878e9689713&_m=278488c7ea394c7080e0791c46d943bc&_e=oupOKngJFMYrUUrd8eniPihbBGGKM8KzmvUAfMjPMuiYLXqXOAtZLskgMMQI3x0nSx6XqtFdb0NYBHcOmWmGVjOHW_SRpEqVL506Cng5MFMbvLwvmBAeD3htNSw6RWrSfWd2BV6zpxoLleJ9AUtMlmpEdjw_SdUo2mozr_QiytX5BU9yx06AmBjLc1haoGIaPr5y0iYIK6Vcpi-vBI8rEwr8R8xqTaO-cD8TGveqyeD7P7gS0q4i6E7rIw7rfRgmK7mbJmlZEi3h5PhGWuoNt19kL4VrWBOuZDbeLcsmDQm-C56ckd92GFAswy5yx3BWvTSIxMHorP1sZRZZtodZskRsTo5j7m2tQ3T9HjX1fzc%3D" style="width:350pt;v-text-anchor:middle;" arcsize="17%" stroke="false" fillcolor="#0052ff"> <w:anchorlock/><v:textbox inset="0,0,0,0"><center style="font-family: Helvetica Neue, Helvetica, Arial, sans-serif;"><![endif]-->
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       <strong>
        Learn crypto basics
       </strong>
      </a>
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     </div>
     <a rel="noopener noreferrer" target="_blank">
      <!--[if !mso]><!-- -->
      <div class="desktop_hide" style="display: none; max-height: 0px; overflow: hidden;">
       <img src="https://inboxflows.com/_/image/https%253A%252F%252Fimages.ctfassets.net%252Fq5ulk4bp65r7%252F7eDXq9NgeWP32mtSPMNzLA%252F6fb6a66acb81b9051f25841b748c996c%252Fpromo-mobile-vote__2_.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZpbWFnZXMuY3RmYSJ9:1pa5an:2bY6UbHstilTAQL1NcLkyhaTAwZDXD8LcGBbNb5QGyQ" style="display: block; width: 100%; margin: 64px 0px;" width="100%"/>
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     </a>
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      <table style="margin: 0px; padding: 0px;">
       <tbody>
        <tr>
         <td style="margin: 0px; padding-right: 11px; vertical-align: middle;">
          <img height="12" src="https://inboxflows.com/_/image/https%253A%252F%252Fd15k2d11r6t6rl.cloudfront.net%252Fpublic%252Fusers%252FIntegrators%252F669d5713-9b6a-46bb-bd7e-c542cff6dd6a%252F3aca56371967418192255878e9689713%252Fdot-1.5x.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZkMTVrMmQxMXI2dCJ9:1pa5an:t4l2dTVjScyJbz3KtQZjc3z1EVABhTchue1qlOM-anU" style="display: block; width: 12px; height: 12px;" width="12"/>
         </td>
         <td style="margin: 0px; padding: 0px; vertical-align: middle;">
          <p style="margin: 0px; font-size: 16px; letter-spacing: 0.075em;">
           <strong>
            TAKES
           </strong>
          </p>
         </td>
        </tr>
       </tbody>
      </table>
      <p style="margin: 5px 0px 0px; font-size: 32px; line-height: 1.26; word-break: break-word;">
       <strong>
        Elon Musk roasts tech’s trend hoppers, Snoop Dogg’s zany web3 endorsement, and key quotes from the week
       </strong>
      </p>
     </div>
     <p style="margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;">
      <strong>
       Artificial interests…
      </strong>
      “I used to be in crypto, but now I got interested in AI” was how Elon Musk
      <a rel="noopener noreferrer" target="_blank">
       revealed
      </a>
      his change of heart on Twitter last week. Or, wait, did he? The statement was delivered in quotation marks, suggesting that the famously crypto-boosting CEO was
      <a rel="noopener noreferrer" target="_blank">
       mocking
      </a>
      the
      <a rel="noopener noreferrer" target="_blank">
       current trend
      </a>
      of people declaring they’ve moved on to the next industry craze. Joke or no joke, his comment seems to have contributed to a
      <a rel="noopener noreferrer" target="_blank">
       drop
      </a>
      in Dogecoin’s price, a token that has frequently gone up and down based on his tweets about it.
     </p>
     <p style="margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;">
      <strong>
       Sorry sight…
      </strong>
      “I am unbelievably sorry for my role in all of this”
      <strong>
      </strong>
      was the message of contrition from
      <a rel="noopener noreferrer" target="_blank">
       Nishad Singh
      </a>
      , the former director of engineering at collapsed crypto exchange FTX, as he pled guilty to criminal charges in the U.S. last week. Singh represents the third close associate of former FTX CEO Sam Bankman-Fried to plead guilty and cooperate with the government’s investigation of him, in which he faces
      <a rel="noopener noreferrer" target="_blank">
       12 criminal charges
      </a>
      .
     </p>
     <p style="margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;">
      <strong>
       Stretch goals...
      </strong>
      “Web3 and crypto can save the capitalist narrative” was the prediction issued by Animoca Brands chairman Yat Siu during a recent
      <a rel="noopener noreferrer" target="_blank">
       interview
      </a>
      with Decrypt. (No pressure, crypto!) Siu’s argument: These technologies can “reintroduce the value of democracy” to people, particularly in the West, who have grown disenchanted from their experiences with these systems.
     </p>
     <p style="margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;">
      <strong>
       Hop Dogg…
      </strong>
      “Turns out, I’ve been a kangaroo this entire time” was how Snoop Dogg
      <a rel="noopener noreferrer" target="_blank">
       explained
      </a>
      the news that he had formed a partnership with Roobet, a crypto gambling site available in some markets, though not the U.S. (The kangaroo thing? A kangaroo appears on Roobet’s brand logo.) Snoop has long been a ubiquitous presence and experimenter in the land of web3 (remember when he and Eminem rapped as their NFT
      <a rel="noopener noreferrer" target="_blank">
       avatars
      </a>
      ?), so much so that Roobet wasn’t even his only
      <a rel="noopener noreferrer" target="_blank">
       partnership announcement
      </a>
      in the space this week!
     </p>
     <div class="cta_button" style="margin: 24px 0px 0px; padding: 0px; width: 50%;">
      <!--[if mso]><table width="100%" cellpadding="0" cellspacing="0" border="0" style="border-spacing:0;border-collapse:collapse;mso-table-lspace:0pt;mso-table-rspace:0pt;"><tr><td style="padding:0;" align="left"> <v:roundrect xmlns:v="urn:schemas-microsoft-com:vml" xmlns:w="urn:schemas-microsoft-com:office:word" href="https://links.coinbase.com/a/click?_t=3aca56371967418192255878e9689713&_m=278488c7ea394c7080e0791c46d943bc&_e=oupOKngJFMYrUUrd8eniPihbBGGKM8KzmvUAfMjPMuiYLXqXOAtZLskgMMQI3x0nzfJOdpQhS_RmccCjvnmCY2vmR6YA3Dk4BvHl5h57skUqEqv4Vnbfkbjy6tamukFBc1PchlZ3_pY3M4yQIGq0UcQDAJvJKSy3FfN00xo-paVTwHeZS_IN6iCam5AloL8fbBcdAADHOfXu2Ief-ec_VhwxiSl2q02kLZz92oxNOVqrKMewIjj10Plgrwym5iwbQQh4ut60SZDZuGCCqaJN7yxPq_RgXEGC9f0cMgP5EAkK-6TpHF74HwY5IWc7spEcHqwfONMTiGGmPR_OHeglWi35DxM9FRZziRilrdmaPkM%3D" style="width:350pt;v-text-anchor:middle;" arcsize="17%" stroke="false" fillcolor="#0052ff"> <w:anchorlock/><v:textbox inset="0,0,0,0"><center style="font-family: Helvetica Neue, Helvetica, Arial, sans-serif;"><![endif]-->
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       <strong>
        Brush up on NFTs
       </strong>
      </a>
      <!--[if mso]></center></v:textbox></v:roundrect></td></tr></table><![endif]-->
     </div>
     <table role="presentation" style="table-layout: fixed; vertical-align: top; border-spacing: 0px; border-collapse: collapse; min-width: 100%; text-size-adjust: 100%;" width="100%">
      <tbody>
       <tr style="vertical-align: top;">
        <td style="word-break: break-word; vertical-align: top; min-width: 100%; text-size-adjust: 100%; padding: 48px 0px;" valign="top">
         <table align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="table-layout: fixed; vertical-align: top; border-spacing: 0px; border-collapse: collapse; border-top: 2px solid rgb(222, 224, 226); width: 100%;" width="100%">
          <tbody>
           <tr style="vertical-align: top;">
            <td style="word-break: break-word; vertical-align: top; text-size-adjust: 100%;" valign="top">
             <span>
             </span>
            </td>
           </tr>
          </tbody>
         </table>
        </td>
       </tr>
      </tbody>
     </table>
     <div style="margin-bottom: 16px;">
      <table style="margin: 0px; padding: 0px;">
       <tbody>
        <tr>
         <td style="margin: 0px; padding-right: 11px; vertical-align: middle;">
          <img height="12" src="https://inboxflows.com/_/image/https%253A%252F%252Fd15k2d11r6t6rl.cloudfront.net%252Fpublic%252Fusers%252FIntegrators%252F669d5713-9b6a-46bb-bd7e-c542cff6dd6a%252F3aca56371967418192255878e9689713%252Fdot-1.5x.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZkMTVrMmQxMXI2dCJ9:1pa5an:t4l2dTVjScyJbz3KtQZjc3z1EVABhTchue1qlOM-anU" style="display: block; width: 12px; height: 12px;" width="12"/>
         </td>
         <td style="margin: 0px; padding: 0px; vertical-align: middle;">
          <p style="margin: 0px; font-size: 16px; letter-spacing: 0.075em;">
           <strong>
            NUMBERS TO KNOW
           </strong>
          </p>
         </td>
        </tr>
       </tbody>
      </table>
     </div>
     <p style="margin: 16px 0px 0px; font-size: 32px;">
      <strong>
       $8.9 billion
      </strong>
     </p>
     <p style="margin: 4px 0px 0px; line-height: 1.6; word-break: break-word;">
      The
      <a rel="noopener noreferrer" target="_blank">
       amount
      </a>
      of missing customer funds that FTX can’t account for, per a public presentation last Thursday. This marked the first time the bankrupt crypto exchange identified exactly how much money has gone missing since its November collapse. FTX said it has found $2.7 billion of customer money so far.
     </p>
     <p style="margin: 16px 0px 0px; font-size: 32px;">
      <strong>
       142,000 BTC
      </strong>
     </p>
     <p style="margin: 4px 0px 0px; line-height: 1.6; word-break: break-word;">
      The amount of recovered BTC (worth roughly $3 billion) expected to begin making its way back to
      <a rel="noopener noreferrer" target="_blank">
       Mt. Gox
      </a>
      creditors this Friday, nearly a decade after the now-defunct crypto exchange — which was one of the earliest on the market — was hacked and drained of 850,000 BTC in 2014. Market onlookers are
      <a rel="noopener noreferrer" target="_blank">
       waiting to see
      </a>
      if the large repayments will impact BTC’s price, especially if creditors choose to liquidate, adding sell pressure across the market.
     </p>
     <p style="margin: 16px 0px 0px; font-size: 32px;">
      <strong>
       20
      </strong>
     </p>
     <p style="margin: 4px 0px 0px; line-height: 1.6; word-break: break-word;">
      The approximate number of personnel that the Securities and Exchange Commission has
      <a rel="noopener noreferrer" target="_blank">
       added
      </a>
      to its new Crypto Assets and Cyber Unit since May 2022, almost doubling the size of the 50-person operation. Now, amid the SEC’s recent campaign of
      <a rel="noopener noreferrer" target="_blank">
       enforcement actions
      </a>
      against the crypto industry, the agency has announced it is “planning to add additional staff.”
     </p>
     <p style="margin: 16px 0px 0px; font-size: 32px;">
      <strong>
       16%
      </strong>
     </p>
     <p style="margin: 4px 0px 0px; line-height: 1.6; word-break: break-word;">
      The
      <a rel="noopener noreferrer" target="_blank">
       percentage
      </a>
      of Ethereum stakers that are currently in profit ahead of ETH’s Shanghai upgrade, slated for April. Shanghai will finally enable stakers to withdraw staked ETH, leading some to speculate about market impact when holders are finally able to sell. But with a small amount of stakers able to realize gains, the upgrade could see stakers stay in the market until more favorable conditions arise.
     </p>
     <p style="margin: 4px 0px 0px; line-height: 1.6; word-break: break-word;">
     </p>
     <div class="cta_button" style="margin: 24px 0px 0px; padding: 0px; width: 50%;">
      <!--[if mso]><table width="100%" cellpadding="0" cellspacing="0" border="0" style="border-spacing:0;border-collapse:collapse;mso-table-lspace:0pt;mso-table-rspace:0pt;"><tr><td style="padding:0;" align="left"> <v:roundrect xmlns:v="urn:schemas-microsoft-com:vml" xmlns:w="urn:schemas-microsoft-com:office:word" href="https://links.coinbase.com/a/click?_t=3aca56371967418192255878e9689713&_m=278488c7ea394c7080e0791c46d943bc&_e=oupOKngJFMYrUUrd8eniPihbBGGKM8KzmvUAfMjPMujWY0wkQzjlL0-y3fSmHkAPiaOFpcihbjifLqU4faZ3Lj-Ugiq-Hqs1DLOl7h5q9uIjmuhkvLBQ8txnbaRJAuwLVx3bJMbuH-XkuXIPhSscEW20z5Wf2rZ7LagP5ZrfqJbwwfUbNpGfVZ0AOecYFlgDPymwAnPOQjxNPt2WV_2ybALbetlYz6Ke_AIc3YuE9uaYJNWp6DqaEDthdI8YspBGcZJaZXXXxVZQ1Cyeo3AhyMq2bvJk82VEGhxQXKxc9LE-YzW_aj8aKmDkUyVTBS-pHjbmWlzh021G3d0iV45Qd5lYK2kz_4u-fGMkdheNkBPNeawOyFq0fPKRdCu2uKP4tLMxT33E9MKolfZdbWy45FT3KiTJJswt8l6KahYpG1uwBPYkZyh0JUNd_-yJrk7hsCq7SyYWkAHkJ007YG_YpRVXwrCR4NFm1ufr078Gjwk%3D" style="width:350pt;v-text-anchor:middle;" arcsize="17%" stroke="false" fillcolor="#0052ff"> <w:anchorlock/><v:textbox inset="0,0,0,0"><center style="font-family: Helvetica Neue, Helvetica, Arial, sans-serif;"><![endif]-->
      <a rel="noopener noreferrer" style="display: block; margin: 0px; line-height: 1.2; font-size: 16px; text-decoration: none; color: rgb(255, 255, 255); background-color: rgb(0, 82, 255); border-radius: 30px; text-align: center; padding: 18px 0px;" target="_blank">
       <strong>
        Learn about Shanghai
       </strong>
      </a>
      <!--[if mso]></center></v:textbox></v:roundrect></td></tr></table><![endif]-->
     </div>
     <table role="presentation" style="table-layout: fixed; vertical-align: top; border-spacing: 0px; border-collapse: collapse; min-width: 100%; text-size-adjust: 100%;" width="100%">
      <tbody>
       <tr style="vertical-align: top;">
        <td style="word-break: break-word; vertical-align: top; min-width: 100%; text-size-adjust: 100%; padding: 48px 0px;" valign="top">
         <table align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="table-layout: fixed; vertical-align: top; border-spacing: 0px; border-collapse: collapse; border-top: 2px solid rgb(222, 224, 226); width: 100%;" width="100%">
          <tbody>
           <tr style="vertical-align: top;">
            <td style="word-break: break-word; vertical-align: top; text-size-adjust: 100%;" valign="top">
             <span>
             </span>
            </td>
           </tr>
          </tbody>
         </table>
        </td>
       </tr>
      </tbody>
     </table>
     <div>
      <table style="margin: 0px; padding: 0px;">
       <tbody>
        <tr>
         <td style="margin: 0px; padding-right: 11px; vertical-align: middle;">
          <img height="12" src="https://inboxflows.com/_/image/https%253A%252F%252Fd15k2d11r6t6rl.cloudfront.net%252Fpublic%252Fusers%252FIntegrators%252F669d5713-9b6a-46bb-bd7e-c542cff6dd6a%252F3aca56371967418192255878e9689713%252Fdot-1.5x.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZkMTVrMmQxMXI2dCJ9:1pa5an:t4l2dTVjScyJbz3KtQZjc3z1EVABhTchue1qlOM-anU" style="display: block; width: 12px; height: 12px;" width="12"/>
         </td>
         <td style="margin: 0px; padding: 0px; vertical-align: middle;">
          <p style="margin: 0px; font-size: 16px; letter-spacing: 0.075em;">
           <strong>
            TUNE IN
           </strong>
          </p>
         </td>
        </tr>
       </tbody>
      </table>
      <p style="margin: 5px 0px 0px; font-size: 32px; line-height: 1.26; word-break: break-word;">
       <strong>
        A closer look at how crypto donations aided Ukraine in the earliest days of Russia’s invasion
       </strong>
      </p>
     </div>
     <p style="margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;">
      ICYMI: Coinbase is
      <a rel="noopener noreferrer" target="_blank">
       spotlighting stories
      </a>
      from the community about how crypto is solving real problems around the world. First up: how crypto is helping with humanitarian aid in Ukraine. Join host Yusuf Omar as he travels to Poland for a
      <a rel="noopener noreferrer" target="_blank">
       first-hand view
      </a>
      of how crypto donations became vital for Ukrainians, whether they escaped the war or stayed in their country to fight the Russian occupation.
     </p>
     <div class="cta_button" style="margin: 24px 0px 0px; padding: 0px; width: 50%;">
      <!--[if mso]><table width="100%" cellpadding="0" cellspacing="0" border="0" style="border-spacing:0;border-collapse:collapse;mso-table-lspace:0pt;mso-table-rspace:0pt;"><tr><td style="padding:0;" align="left"> <v:roundrect xmlns:v="urn:schemas-microsoft-com:vml" xmlns:w="urn:schemas-microsoft-com:office:word" href="https://links.coinbase.com/u/click?_t=3aca56371967418192255878e9689713&_m=278488c7ea394c7080e0791c46d943bc&_e=oupOKngJFMYrUUrd8eniPioqKIxSJgqrTQcEklDEIUSZGx7bEJLrQyIZwN241sv2B2Ws8NyzDBkXESO16v6yFnFDF7rDnUoQki1UySw9kDwMZCpaafHKIJVTSancoImH5B-g-OAWdD5tBpn-SaUo5jgcKI5yup44g5xxNejdb7ENfwgfz5J_TwgT5AEQnr2DasfKQwAZfc0tjBpdeo8SjdJDdw0_i8NPcGzOKVMmOb_2lU0q2hIjnrLWJPMDfABWVwT_KHPTcgNWpUDh-vxE9_ivfAyniGdoBIBv3Q1XbstcEXJA4qDmmcv0vFw1CDZtjZcpHG4z-TxTFBO9ZBmLcA%3D%3D" style="width:350pt;v-text-anchor:middle;" arcsize="17%" stroke="false" fillcolor="#0052ff"> <w:anchorlock/><v:textbox inset="0,0,0,0"><center style="font-family: Helvetica Neue, Helvetica, Arial, sans-serif;"><![endif]-->
      <a rel="noopener noreferrer" style="display: block; margin: 0px; line-height: 1.2; font-size: 16px; text-decoration: none; color: rgb(255, 255, 255); background-color: rgb(0, 82, 255); border-radius: 30px; text-align: center; padding: 18px 0px;" target="_blank">
       <strong>
        Watch the episode
       </strong>
      </a>
      <!--[if mso]></center></v:textbox></v:roundrect></td></tr></table><![endif]-->
     </div>
     <table role="presentation" style="table-layout: fixed; vertical-align: top; border-spacing: 0px; border-collapse: collapse; min-width: 100%; text-size-adjust: 100%;" width="100%">
      <tbody>
       <tr style="vertical-align: top;">
        <td style="word-break: break-word; vertical-align: top; min-width: 100%; text-size-adjust: 100%; padding: 48px 0px;" valign="top">
         <table align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="table-layout: fixed; vertical-align: top; border-spacing: 0px; border-collapse: collapse; border-top: 2px solid rgb(222, 224, 226); width: 100%;" width="100%">
          <tbody>
           <tr style="vertical-align: top;">
            <td style="word-break: break-word; vertical-align: top; text-size-adjust: 100%;" valign="top">
             <span>
             </span>
            </td>
           </tr>
          </tbody>
         </table>
        </td>
       </tr>
      </tbody>
     </table>
     <div>
      <table style="margin: 0px; padding: 0px;">
       <tbody>
        <tr>
         <td style="margin: 0px; padding-right: 11px; vertical-align: middle;">
          <img height="12" src="https://inboxflows.com/_/image/https%253A%252F%252Fd15k2d11r6t6rl.cloudfront.net%252Fpublic%252Fusers%252FIntegrators%252F669d5713-9b6a-46bb-bd7e-c542cff6dd6a%252F3aca56371967418192255878e9689713%252Fdot-1.5x.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZkMTVrMmQxMXI2dCJ9:1pa5an:t4l2dTVjScyJbz3KtQZjc3z1EVABhTchue1qlOM-anU" style="display: block; width: 12px; height: 12px;" width="12"/>
         </td>
         <td style="margin: 0px; padding: 0px; vertical-align: middle;">
          <p style="margin: 0px; font-size: 16px; letter-spacing: 0.075em;">
           <strong>
            TOKEN TRIVIA
           </strong>
          </p>
         </td>
        </tr>
       </tbody>
      </table>
      <p style="margin: 5px 0px 0px; font-size: 32px; line-height: 1.26; word-break: break-word;">
       <strong>
        What is a DEX?
       </strong>
      </p>
     </div>
     <div style="margin-top: 16px;">
      <table style="line-height: 1.6; word-break: break-word;">
       <tbody>
        <tr>
         <td style="padding-right: 12px;">
          <strong>
           A
          </strong>
         </td>
         <td>
          The native crypto for the Dash blockchain
         </td>
        </tr>
        <tr>
         <td style="padding-right: 12px; padding-top: 12px;">
          <strong>
           B
          </strong>
         </td>
         <td style="padding-top: 12px;">
          A peer-to-peer marketplace where transactions occur between traders
         </td>
        </tr>
        <tr>
         <td style="padding-right: 12px; padding-top: 12px;">
          <strong>
           C
          </strong>
         </td>
         <td style="padding-top: 12px;">
          A disincentivized exchange
         </td>
        </tr>
        <tr>
         <td style="padding-right: 12px; padding-top: 12px;">
          <strong>
           D
          </strong>
         </td>
         <td style="padding-top: 12px;">
          A way for banks to facilitate crypto lending
         </td>
        </tr>
       </tbody>
      </table>
     </div>
     <p style="margin: 16px 0px 0px; line-height: 1.6; word-break: break-word;">
      Find the answer at the end of the email.
     </p>
     <div class="cta_button" style="margin: 24px 0px 0px; padding: 0px; width: 50%;">
      <!--[if mso]><table width="100%" cellpadding="0" cellspacing="0" border="0" style="border-spacing:0;border-collapse:collapse;mso-table-lspace:0pt;mso-table-rspace:0pt;"><tr><td style="padding:0;" align="left"> <v:roundrect xmlns:v="urn:schemas-microsoft-com:vml" xmlns:w="urn:schemas-microsoft-com:office:word" href="https://links.coinbase.com/a/click?_t=3aca56371967418192255878e9689713&_m=278488c7ea394c7080e0791c46d943bc&_e=oupOKngJFMYrUUrd8eniPihbBGGKM8KzmvUAfMjPMuiYLXqXOAtZLskgMMQI3x0nBdVYSfp1c78SmQ1r_slKhYGLFgpooon7vYbqUf2pthZnM3JfNb8wN6zal-2tw1pn1fnhakKiZY2BYu8KeqVWLtujP1TyN5mwGErFTGlZLWQ0FZYbtUBpf2oeKH3W2_vpeAvsNity1nXPJE7v8bSqE7c4eLUrGCSuYneGcdzjnEXk1D3ctCXC7E23TRs9-NreMzA099n3WeZgojf9pw3PqOzP9zqMYWZBPo1ZTm4eeBq2l1u5o5eyt6fv_PCkUtGmRpJ7XmUh4ZIFm-BaHvnwCDKTBzninx_B46GTms2t50o%3D" style="width:350pt;v-text-anchor:middle;" arcsize="17%" stroke="false" fillcolor="#0052ff"> <w:anchorlock/><v:textbox inset="0,0,0,0"><center style="font-family: Helvetica Neue, Helvetica, Arial, sans-serif;"><![endif]-->
      <a rel="noopener noreferrer" style="display: block; margin: 0px; line-height: 1.2; font-size: 16px; text-decoration: none; color: rgb(255, 255, 255); background-color: rgb(0, 82, 255); border-radius: 30px; text-align: center; padding: 18px 0px;" target="_blank">
       <strong>
        Learn about DEXs
       </strong>
      </a>
      <!--[if mso]></center></v:textbox></v:roundrect></td></tr></table><![endif]-->
     </div>
     <table role="presentation" style="table-layout: fixed; vertical-align: top; border-spacing: 0px; border-collapse: collapse; min-width: 100%; text-size-adjust: 100%;" width="100%">
      <tbody>
       <tr style="vertical-align: top;">
        <td style="word-break: break-word; vertical-align: top; min-width: 100%; text-size-adjust: 100%; padding: 48px 0px;" valign="top">
         <table align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="table-layout: fixed; vertical-align: top; border-spacing: 0px; border-collapse: collapse; border-top: 2px solid rgb(222, 224, 226); width: 100%;" width="100%">
          <tbody>
           <tr style="vertical-align: top;">
            <td style="word-break: break-word; vertical-align: top; text-size-adjust: 100%;" valign="top">
             <span>
             </span>
            </td>
           </tr>
          </tbody>
         </table>
        </td>
       </tr>
      </tbody>
     </table>
     <div>
      <table style="margin: 0px; padding: 0px;">
       <tbody>
        <tr>
         <td style="margin: 0px; padding-right: 11px; vertical-align: middle;">
          <img height="12" src="https://inboxflows.com/_/image/https%253A%252F%252Fd15k2d11r6t6rl.cloudfront.net%252Fpublic%252Fusers%252FIntegrators%252F669d5713-9b6a-46bb-bd7e-c542cff6dd6a%252F3aca56371967418192255878e9689713%252Fdot-1.5x.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZkMTVrMmQxMXI2dCJ9:1pa5an:t4l2dTVjScyJbz3KtQZjc3z1EVABhTchue1qlOM-anU" style="display: block; width: 12px; height: 12px;" width="12"/>
         </td>
         <td style="margin: 0px; padding: 0px; vertical-align: middle;">
          <p style="margin: 0px; font-size: 16px; letter-spacing: 0.075em;">
           <strong>
            NOW TRADING ON COINBASE
           </strong>
          </p>
         </td>
        </tr>
       </tbody>
      </table>
     </div>
     <a rel="noopener noreferrer" style="color: rgb(10, 11, 13); text-decoration: none;" target="_blank">
     </a>
     <table style="margin: 16px 0px 0px; width: 100%;">
      <tbody>
       <tr>
        <td style="font-size: 32px; line-height: 1.26; word-break: break-word; vertical-align: middle; white-space: nowrap;">
         <strong>
          EUROC
         </strong>
        </td>
        <td style="vertical-align: middle; padding-left: 12px;">
         <img height="26" src="https://inboxflows.com/_/image/https%253A%252F%252Fasset-metadata-service-production.s3.amazonaws.com%252Fasset_icons%252F71f617afa8fa49bf635e042b25f636a21b0a76a8ece55c5864ec0b033df19663.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZhc3NldC1tZXRhZCJ9:1pa5an:WPW4pbcGwV9XaGyKysXfrGr9kb7wVmi8Bplbr0RJeKU" style="display: block; width: 26px; height: 26px; vertical-align: middle;" width="26"/>
        </td>
        <td style="vertical-align: middle; text-align: right; width: 100%;">
         <img height="18" src="https://inboxflows.com/_/image/https%253A%252F%252Fd15k2d11r6t6rl.cloudfront.net%252Fpublic%252Fusers%252FIntegrators%252F669d5713-9b6a-46bb-bd7e-c542cff6dd6a%252F3aca56371967418192255878e9689713%252FNewsletter%2520Assets%252Fnewlistings_light.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZkMTVrMmQxMXI2dCJ9:1pa5an:t4l2dTVjScyJbz3KtQZjc3z1EVABhTchue1qlOM-anU" style="width: 21px; height: 18px; vertical-align: middle;" width="21"/>
        </td>
       </tr>
      </tbody>
     </table>
     <p style="margin: 0px; line-height: 1.6;">
      EUROC is an ERC-20 stablecoin that is pegged on a 1:1 basis to the euro.
     </p>
     <a rel="noopener noreferrer" style="color: rgb(10, 11, 13); text-decoration: none;" target="_blank">
     </a>
     <table style="margin: 16px 0px 0px; width: 100%;">
      <tbody>
       <tr>
        <td style="font-size: 32px; line-height: 1.26; word-break: break-word; vertical-align: middle; white-space: nowrap;">
         <strong>
          PRIME
         </strong>
        </td>
        <td style="vertical-align: middle; padding-left: 12px;">
         <img height="26" src="https://inboxflows.com/_/image/https%253A%252F%252Fdynamic-assets.coinbase.com%252Fcd7a1fabdffc74dd1a8a6efe3a89f59a883556ae16ca63d6b0bd8ffd4379c342e71d71ba0558eadff0fb956834ea9cbe3f7f623b3618595a4b812bcbd9586692%252Fasset_icons%252F72ac5382de819f77dd8e024e46bc940c3cf9207824d0354675175331cb96f57e.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZkeW5hbWljLWFzcyJ9:1pa5an:pNvwpVFiz5smI0GXPOfWpXghKVYq3Q5acOwVFtqWGoQ" style="display: block; width: 26px; height: 26px; vertical-align: middle;" width="26"/>
        </td>
        <td style="vertical-align: middle; text-align: right; width: 100%;">
         <img height="18" src="https://inboxflows.com/_/image/https%253A%252F%252Fd15k2d11r6t6rl.cloudfront.net%252Fpublic%252Fusers%252FIntegrators%252F669d5713-9b6a-46bb-bd7e-c542cff6dd6a%252F3aca56371967418192255878e9689713%252FNewsletter%2520Assets%252Fnewlistings_light.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZkMTVrMmQxMXI2dCJ9:1pa5an:t4l2dTVjScyJbz3KtQZjc3z1EVABhTchue1qlOM-anU" style="width: 21px; height: 18px; vertical-align: middle;" width="21"/>
        </td>
       </tr>
      </tbody>
     </table>
     <p style="margin: 0px; line-height: 1.6;">
      PRIME is a utility and governance token for the Echelon Prime Foundation, a web3 ecosystem advancing the next generation of gaming.
     </p>
     <a rel="noopener noreferrer" style="color: rgb(10, 11, 13); text-decoration: none;" target="_blank">
     </a>
     <table style="margin: 16px 0px 0px; width: 100%;">
      <tbody>
       <tr>
        <td style="font-size: 32px; line-height: 1.26; word-break: break-word; vertical-align: middle; white-space: nowrap;">
         <strong>
          LSETH
         </strong>
        </td>
        <td style="vertical-align: middle; padding-left: 12px;">
         <img height="26" src="https://inboxflows.com/_/image/https%253A%252F%252Fdynamic-assets.coinbase.com%252F9b9902d5f68f4c95a2528db7327202a8a4100d391b226ffd17bc8ad3ad572d82d3dec6233a09451995aef91a2cbe8a4a092851320a30c3445acf087819469812%252Fasset_icons%252F6170ab4319ed8958c48803ada98044953f23cd954ead6bb56f5032166971ad05.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZkeW5hbWljLWFzcyJ9:1pa5an:pNvwpVFiz5smI0GXPOfWpXghKVYq3Q5acOwVFtqWGoQ" style="display: block; width: 26px; height: 26px; vertical-align: middle;" width="26"/>
        </td>
        <td style="vertical-align: middle; text-align: right; width: 100%;">
         <img height="18" src="https://inboxflows.com/_/image/https%253A%252F%252Fd15k2d11r6t6rl.cloudfront.net%252Fpublic%252Fusers%252FIntegrators%252F669d5713-9b6a-46bb-bd7e-c542cff6dd6a%252F3aca56371967418192255878e9689713%252FNewsletter%2520Assets%252Fnewlistings_light.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZkMTVrMmQxMXI2dCJ9:1pa5an:t4l2dTVjScyJbz3KtQZjc3z1EVABhTchue1qlOM-anU" style="width: 21px; height: 18px; vertical-align: middle;" width="21"/>
        </td>
       </tr>
      </tbody>
     </table>
     <p style="margin: 0px; line-height: 1.6;">
      lsETH is an ERC-20 token that represents ETH staked through Liquid Collective’s liquid staking protocol.
     </p>
     <table role="presentation" style="table-layout: fixed; vertical-align: top; border-spacing: 0px; border-collapse: collapse; min-width: 100%; text-size-adjust: 100%;" width="100%">
      <tbody>
       <tr style="vertical-align: top;">
        <td style="word-break: break-word; vertical-align: top; min-width: 100%; text-size-adjust: 100%; padding: 48px 0px;" valign="top">
         <table align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="table-layout: fixed; vertical-align: top; border-spacing: 0px; border-collapse: collapse; border-top: 2px solid rgb(222, 224, 226); width: 100%;" width="100%">
          <tbody>
           <tr style="vertical-align: top;">
            <td style="word-break: break-word; vertical-align: top; text-size-adjust: 100%;" valign="top">
             <span>
             </span>
            </td>
           </tr>
          </tbody>
         </table>
        </td>
       </tr>
      </tbody>
     </table>
     <p style="margin: 0px; line-height: 1.6; word-break: break-word;">
      <strong>
       Trivia answer
      </strong>
     </p>
     <table style="margin: 12px 0px 0px; line-height: 1.6; word-break: break-word;">
      <tbody>
       <tr>
        <td style="padding-right: 12px;">
         <strong>
          B
         </strong>
        </td>
        <td>
         A peer-to-peer marketplace where transactions occur between traders
        </td>
       </tr>
      </tbody>
     </table>
     <table style="margin: 48px 0px 0px;">
      <tbody>
       <tr>
        <td style="text-align: left;">
         <img alt="Coinbase" height="26" src="https://inboxflows.com/_/image/https%253A%252F%252Fd15k2d11r6t6rl.cloudfront.net%252Fpublic%252Fusers%252FIntegrators%252F669d5713-9b6a-46bb-bd7e-c542cff6dd6a%252F3aca56371967418192255878e9689713%252FRebrand%2520Assets%252Fcoinbase_footer_wordmark.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZkMTVrMmQxMXI2dCJ9:1pa5an:t4l2dTVjScyJbz3KtQZjc3z1EVABhTchue1qlOM-anU" style="display: block; height: 26px; margin-bottom: 24px;"/>
        </td>
       </tr>
       <tr>
        <td>
         <a rel="noopener noreferrer" target="_blank" title="coinbase ios app">
          <img alt="Download on iOS App store" height="46" src="https://inboxflows.com/_/image/https%253A%252F%252Fd15k2d11r6t6rl.cloudfront.net%252Fpublic%252Fusers%252FIntegrators%252F669d5713-9b6a-46bb-bd7e-c542cff6dd6a%252F3aca56371967418192255878e9689713%252FIcons%252Fapp_apple.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZkMTVrMmQxMXI2dCJ9:1pa5an:t4l2dTVjScyJbz3KtQZjc3z1EVABhTchue1qlOM-anU" style="display: block; height: 46px; margin-right: 8px;"/>
         </a>
        </td>
        <td>
         <a rel="noopener noreferrer" target="_blank" title="coinbase android app">
          <img alt="Download on Google Play" height="46" src="https://inboxflows.com/_/image/https%253A%252F%252Fd15k2d11r6t6rl.cloudfront.net%252Fpublic%252Fusers%252FIntegrators%252F669d5713-9b6a-46bb-bd7e-c542cff6dd6a%252F3aca56371967418192255878e9689713%252FIcons%252Fapp_google.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZkMTVrMmQxMXI2dCJ9:1pa5an:t4l2dTVjScyJbz3KtQZjc3z1EVABhTchue1qlOM-anU" style="display: block; height: 46px;"/>
         </a>
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