November 1, 2023 2:53 PM
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newsletter@mail.coinbase.com
Inside crypto’s autumn rally
The email discusses the recent rally in the cryptocurrency market, including Bitcoin, altcoins, and NFTs. It also shares insights from Coinbase's latest State of Crypto report on the views of young Americans towards crypto, and provides updates on the latest prices of various cryptocurrencies.
With BTC, altcoins, and even NFTs getting boosts, analysts are more optimistic than they’ve been in months View in browser 11/1/23 After October’s marketwide rally, is crypto winter finally thawing? [Robin Mathlener via Unsplash] What’s up? It’s
November 1, 2023 2:53 PM
-
newsletter@mail.coinbase.com
Inside crypto’s autumn rally
The email discusses the recent rally in the cryptocurrency market, including Bitcoin, altcoins, and NFTs. It also shares insights from Coinbase's latest State of Crypto report on the views of young Americans towards crypto, and provides updates on the latest prices of various cryptocurrencies.
With BTC, altcoins, and even NFTs getting boosts, analysts are more optimistic than they’ve been in months View in browser 11/1/23 After October’s marketwide rally, is crypto winter finally thawing? [Robin Mathlener via Unsplash] What’s up? It’s
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</style></head><body style="margin:0; padding:0; background-color:#FFFFFF; font-family:Helvetica Neue,Helvetica,Arial,sans-serif; font-size:16px; color:#0A0B0D"><span style="color:transparent; visibility:hidden; display:none; opacity:0; height:0; width:0; font-size:0">With BTC, altcoins, and even NFTs getting boosts, analysts are more optimistic than they’ve been in months </span><img src="https://links.coinbase.com/e/eo?_t=3aca56371967418192255878e9689713&_m=5a5f907d1b7e4f48b37581688b129216&_e=v4W1PcfDuRzIVHaOsgZquu_E3rRrOdEXqDCfzDt4P2J3UxLqanKdSqIp2MPqCA2hz1sgkzHlXRqZUwHugYXuX6vEEAb18mm7dqsxpw47qYI7NO9-QoP22x7R6ncH7MTdFhznnDknz8FZRGD214CqiaQhHSs3hpYdCcIDaFqlAUI%3D" width="1" height="1" style="border:0; width:1px; height:1px; border-width:0px!important; display:none!important; line-height:0!important"><div id="root" style="min-width:320px; background-color:#FFFFFF; width:100%"><div class="block-grid" style="min-width:320px; max-width:570px; word-break:break-word; margin:0px auto"><div style="padding:0px 10px 10px"><div style="text-align:right; margin-bottom:24px"><a href="#" target="_blank" rel="noopener noreferrer" style="color:rgb(91,97,110); text-decoration:none; line-height:1.5; font-size:12px">View in browser</a></div><div style="margin-bottom:20px"><table style="width:100%"><tbody><tr><td style="text-align:left; vertical-align:middle"><a href="#" title="Coinbase Bytes" target="_blank" rel="noopener noreferrer"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/cbytes-4x.png" height="36" style="display:block; height:36px"></a></td><td style="text-align:right"><p style="font-size:20px; color:rgb(10,11,1); margin:10px 0px 0px">11/1/23</p></td></tr></tbody></table></div><a href="#" target="_blank" rel="noopener noreferrer"><img src="https://images.ctfassets.net/q5ulk4bp65r7/u3cERsZhjWUjiDwSBn1Wu/b086b90b5acae86a2647a030c924317f/image1.jpg" width="100%" style="display:block; width:100%"></a><p style="margin:16px 0px 0px; line-height:1.5; word-break:break-word; font-size:12px; color:rgb(91,97,110)">After October’s marketwide rally, is crypto winter finally thawing? [Robin Mathlener via Unsplash]</p><p style="margin:48px 0px 16px; font-size:32px; line-height:1.26; word-break:break-word"><strong>What’s up? It’s Coinbase Bytes </strong></p><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:</p><ul style="margin:10px 0px; padding-left:24px; line-height:1.6"><li style="margin:0px; padding:6px 0px"><strong>Could crypto winter finally be over? </strong>With BTC, altcoins, and even NFTs getting boosts, “Uptober” lived up to its billing. </li><li style="margin:0px; padding:6px 0px"><strong>What young Americans think about crypto. </strong>Coinbase’s latest State of Crypto report examined how Gen Z and Millennials experience the financial system. </li><li style="margin:0px; padding:6px 0px"><strong>This week in numbers. </strong>The renewed popularity of Bitcoin’s Wikipedia page, the value of crypto transactions in North America, and more stats from the week. </li></ul><p style="margin:0px; padding:0px"></p><div class="desktop_hide" style="display:none; max-height:0; overflow:hidden"><table style="width:100%; table-layout:fixed; margin:0"><tbody><tr><td style="padding-top:40px"><a href="#" target="_blank" style="text-decoration:none; color:#0A0B0D"><table><tbody><tr><td style="padding:0; vertical-align:top"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" height="12" width="12" style="height:12px; width:12px; margin:2px 0px 0px 0px; vertical-align:top"> </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>Bitcoin</strong></p><p style="margin:8px 0px">$35,374.09 </p><p style="margin:0; font-size:12px">+1.88% </p></div></td></tr></tbody></table></a></td><td style="padding-top:40px"><a href="#" target="_blank" style="text-decoration:none; color:#0A0B0D"><table><tbody><tr><td style="padding:0; vertical-align:top"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" height="12" width="12" style="height:12px; width:12px; margin:2px 0px 0px 0px; vertical-align:top"> </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>Ethereum</strong></p><p style="margin:8px 0px">$1,851.35 </p><p style="margin:0; font-size:12px">+3.26% </p></div></td></tr></tbody></table></a></td></tr><tr><td style="padding-top:20px"><a href="#" target="_blank" style="text-decoration:none; color:#0A0B0D"><table><tbody><tr><td style="padding:0; vertical-align:top"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" height="12" width="12" style="height:12px; width:12px; margin:2px 0px 0px 0px; vertical-align:top"> </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>XRP</strong></p><p style="margin:8px 0px">$0.61 </p><p style="margin:0; font-size:12px">+10.17% </p></div></td></tr></tbody></table></a></td><td style="padding-top:20px"><a href="#" target="_blank" style="text-decoration:none; color:#0A0B0D"><table><tbody><tr><td style="padding:0; vertical-align:top"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" height="12" width="12" style="height:12px; width:12px; margin:2px 0px 0px 0px; vertical-align:top"> </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">$43.10 </p><p style="margin:0; font-size:12px">+33.58% </p></div></td></tr></tbody></table></a></td></tr><tr><td style="padding-top:20px"><a href="#" target="_blank" style="text-decoration:none; color:#0A0B0D"><table><tbody><tr><td style="padding:0; vertical-align:top"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" height="12" width="12" style="height:12px; width:12px; margin:2px 0px 0px 0px; vertical-align:top"> </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">$0.31 </p><p style="margin:0; font-size:12px">+10.38% </p></div></td></tr></tbody></table></a></td><td style="padding-top:20px"><a href="#" target="_blank" style="text-decoration:none; color:#0A0B0D"><table><tbody><tr><td style="padding:0; vertical-align:top"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" height="12" width="12" style="height:12px; width:12px; margin:2px 0px 0px 0px; vertical-align:top"> </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">$0.07 </p><p style="margin:0; font-size:12px">+2.01% </p></div></td></tr></tbody></table></a></td></tr></tbody></table></div><div class="mobile_hide"><table style="width:100%; table-layout:fixed; margin:0"><tbody><tr><td style="padding-top:40px"><a href="#" target="_blank" style="text-decoration:none; color:#0A0B0D"><table><tbody><tr><td style="padding:0; vertical-align:top"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" height="12" width="12" style="height:12px; width:12px; margin:2px 0px 0px 0px; vertical-align:top"> </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>Bitcoin</strong></p><p style="margin:8px 0px">$35,374.09 </p><p style="margin:0; font-size:12px">+1.88% </p></div></td></tr></tbody></table></a></td><td style="padding-top:40px"><a href="#" target="_blank" style="text-decoration:none; color:#0A0B0D"><table><tbody><tr><td style="padding:0; vertical-align:top"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" height="12" width="12" style="height:12px; width:12px; margin:2px 0px 0px 0px; vertical-align:top"> </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>Ethereum</strong></p><p style="margin:8px 0px">$1,851.35 </p><p style="margin:0; font-size:12px">+3.26% </p></div></td></tr></tbody></table></a></td><td style="padding-top:40px"><a href="#" target="_blank" style="text-decoration:none; color:#0A0B0D"><table><tbody><tr><td style="padding:0; vertical-align:top"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" height="12" width="12" style="height:12px; width:12px; margin:2px 0px 0px 0px; vertical-align:top"> </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>XRP</strong></p><p style="margin:8px 0px">$0.61 </p><p style="margin:0; font-size:12px">+10.17% </p></div></td></tr></tbody></table></a></td></tr><tr><td style="padding-top:20px"><a href="#" target="_blank" style="text-decoration:none; color:#0A0B0D"><table><tbody><tr><td style="padding:0; vertical-align:top"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" height="12" width="12" style="height:12px; width:12px; margin:2px 0px 0px 0px; vertical-align:top"> </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">$43.10 </p><p style="margin:0; font-size:12px">+33.58% </p></div></td></tr></tbody></table></a></td><td style="padding-top:20px"><a href="#" target="_blank" style="text-decoration:none; color:#0A0B0D"><table><tbody><tr><td style="padding:0; vertical-align:top"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" height="12" width="12" style="height:12px; width:12px; margin:2px 0px 0px 0px; vertical-align:top"> </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">$0.31 </p><p style="margin:0; font-size:12px">+10.38% </p></div></td></tr></tbody></table></a></td><td style="padding-top:20px"><a href="#" target="_blank" style="text-decoration:none; color:#0A0B0D"><table><tbody><tr><td style="padding:0; vertical-align:top"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow.png" height="12" width="12" style="height:12px; width:12px; margin:2px 0px 0px 0px; vertical-align:top"> </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">$0.07 </p><p style="margin:0; font-size:12px">+2.01% </p></div></td></tr></tbody></table></a></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 Nov 1, 2023 at 09:21 PM UTC</p><div class="cta_button" style="margin:24px 0px 0px; padding:0px; width:50%"><a href="#" target="_blank" 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"><strong>See the latest prices</strong></a></div><table width="100%" role="presentation" style="table-layout:fixed; vertical-align:top; border-spacing:0px; border-collapse:collapse; min-width:100%"><tbody><tr style="vertical-align:top"><td valign="top" style="word-break:break-word; vertical-align:top; min-width:100%; padding:48px 0px"><table border="0" cellpadding="0" cellspacing="0" width="100%" align="center" 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%"><tbody><tr style="vertical-align:top"><td valign="top" style="word-break:break-word; vertical-align: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 src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/dot-1.5x.png" width="12" height="12" style="display:block; width:12px; height:12px"></td><td style="margin:0px; padding:0px; vertical-align:middle"><p style="margin:0px; font-size:16px; letter-spacing:0.075em"><strong>AN UPTOBER TO REMEMBER </strong></p></td></tr></tbody></table><p style="margin:5px 0px 0px; font-size:32px; line-height:1.26; word-break:break-word"><strong>Crypto markets are rallying — here’s what analysts think might happen next</strong></p></div><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Last week, bitcoin broke the $35,000 level for the first time in 18 months, and prices have mostly remained above $34,000 since. At the same time, a variety of altcoins, decentralized finance (<a href="#" target="_blank" rel="noopener noreferrer">DeFi</a>) platforms, and <a href="#" target="_blank" rel="noopener noreferrer">even NFTs</a> have also surged. </p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">All of which has left traders with one big question: Is “crypto winter” over, or is this just a temporary swing? Let’s dig into the data. (As always, keep in mind that past performance doesn’t indicate future returns.)</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word"><strong>Analysts see signs that bitcoin’s bull phase might have room to grow.</strong></p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">With bitcoin climbing around 30% this month, analysts are <a href="#" target="_blank" rel="noopener noreferrer">pointing to</a> technical indicators that show the cryptocurrency might continue trending upward. </p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Additionally, there are signs that BTC whales are making moves, with onchain transactions <a href="#" target="_blank" rel="noopener noreferrer">of $100,000 or more</a> rising to the highest level of the year, with 23,400 happening just last week. These transactions appear to be driven in part by optimism over the approval of a “spot” bitcoin ETF, which according to a new report from financial services firm Cantor Fitzgerald is bitcoin’s “<a href="#" target="_blank" rel="noopener noreferrer">most important short term catalyst</a>.” </p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">In theory, geopolitical instability and high global interest rates are narratives that crypto was built to address. And, indeed, while crypto has risen in the past month, the S&P 500 has fallen 3%, with crypto markets increasingly <a href="#" target="_blank" rel="noopener noreferrer">decoupling</a> from traditional markets.</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word"><strong>Crypto trading volumes hit highs last seen in March.</strong></p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">After months of <a href="#" target="_blank" rel="noopener noreferrer">historically low volatility</a>, trading volumes for the broader crypto market are beginning to rise again, with volumes on centralized exchanges reaching $24 billion over the weekend — the highest daily trading volume <a href="#" target="_blank" rel="noopener noreferrer">since March 27</a>, and more than twice as high as two weekends prior. </p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">DeFi platforms are <a href="#" target="_blank" rel="noopener noreferrer">also beginning to rise</a>, with transaction volumes hitting their highest point since March. The total value locked (TVL) in DeFi protocols grew by $7 billion (to $42 billion) in the past two weeks — which is especially notable given that DeFi’s TVL had just hit a <a href="#" target="_blank" rel="noopener noreferrer">multiyear</a> <i>low</i> in October. </p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word"><strong>Solana, Chainlink, and Avalanche have all seen strong gains alongside Bitcoin’s rally. </strong></p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Solana, which sank as low as $8 last year in the wake of the FTX collapse, <a href="#" target="_blank" rel="noopener noreferrer">rose</a> more than 20% last week and briefly crossed the $35 mark. Web3 services protocol Chainlink recently passed $11.50 for the first time in 16 months and clocked a gain of over 60% last week. And “layer 1” Ethereum alternative Avalanche gained nearly 15% last week and is up 25% in the past month overall.</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word"><strong>The bottom line… </strong></p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">The month of “Uptober” lived up to its billing, with a number of tokens roaring back to life after months of dormancy.</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">And while nobody can predict the future, some market watchers are more optimistic than they’ve been in a long time — and not just because of the potential for Wall Street to get a spot BTC ETF approved. </p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Bitcoin’s next halving — in which BTC’s miner reward is cut in half to help make the original cryptocurrency resistant to inflation — is currently expected in April. As a recent <a href="#" target="_blank" rel="noopener noreferrer">Morgan Stanley report notes</a>, “Historically, most of bitcoin’s gains come directly after a ‘halving’ event that occurs every four years.”</p><div class="cta_button" style="margin:24px 0px 0px; padding:0px; width:50%"><a href="#" target="_blank" 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"><strong>Learn about BTC halvings</strong></a></div><a href="#" target="_blank" rel="noopener noreferrer"><div class="desktop_hide" style="display:none; max-height:0px; overflow:hidden"><img src="https://images.ctfassets.net/q5ulk4bp65r7/11ethN8SqaxfTpSQp5dFNK/2a692d99adc4eceabaa8a5da01590f6e/650x488px_mobile__1_.png" width="100%" style="display:block; width:100%; margin:64px 0px"></div><div class="mobile_hide"><img src="https://images.ctfassets.net/q5ulk4bp65r7/2EIy1P2xeUhtobZGk8Vi8V/f8427ab27cd5eb64dfcd50efe733d669/1060x408px_desktop__1_.png" width="100%" style="display:block; width:100%; margin:64px 0px"></div></a><div><table style="margin:0px; padding:0px"><tbody><tr><td style="margin:0px; padding-right:11px; vertical-align:middle"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/dot-1.5x.png" width="12" height="12" style="display:block; width:12px; height:12px"></td><td style="margin:0px; padding:0px; vertical-align:middle"><p style="margin:0px; font-size:16px; letter-spacing:0.075em"><strong>STATE OF CRYPTO </strong></p></td></tr></tbody></table><p style="margin:5px 0px 0px; font-size:32px; line-height:1.26; word-break:break-word"><strong>Why young Americans are optimistic about crypto</strong></p></div><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Last week, Coinbase released its latest <a href="#" target="_blank" rel="noopener noreferrer">State of Crypto report</a>, “To Update the Dream, Update the System.” The report — which examined how Gen Z and Millennial Americans experience the current financial system and where they see shortcomings — found that younger generations view crypto as an important tool to help them take more control of their finances.</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Labels like “lazy generation” miss the point, the report concludes: Instead of following conventional paths, younger Americans say they’re “adopting new, flexible models of work, ownership, and finance that don’t rely on legacy middlemen.” What does this outlook mean for Millennial and Gen Z views on crypto? Let’s dive into some of the key points that Coinbase’s research uncovered. </p><ul style="margin:10px 0px 0px; padding-left:24px; line-height:1.6"><li style="margin:0px; padding:6px 0px">Both Gen Z (ages 18—25) and Millennial (26—40) Americans are disillusioned with the traditional finance system, with only 7% saying the financial system works very well for people like them.</li><li style="margin:0px; padding:6px 0px">38% of young Americans say crypto and blockchain can increase economic opportunities for them in ways traditional finance can’t, versus 26% of older people. </li><li style="margin:0px; padding:6px 0px">31% of Millennials and Gen Z own crypto, versus just 12% of Baby Boomers and Gen X. </li><li style="margin:0px; padding:6px 0px">About two in five younger Americans (39%) say politicians should support technologies like cryptocurrency and blockchain to help future generations, versus 28% of older Americans.</li></ul><p style="margin:0px; padding:0px"></p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word"><strong>The bottom line… </strong></p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Young people are taking their futures into their own hands and building new paths to prosperity, and crypto plays an important role. </p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Meanwhile, their views are likely to shape American politics in the years ahead. Gen Z and Millennials account for 40% of the US voting-age population today, and are on their way to becoming a majority by 2028. Already, more than half of them (51%) say they’re likely to throw their weight behind crypto-friendly candidates in 2024.</p><div class="cta_button" style="margin:24px 0px 0px; padding:0px; width:50%"><a href="#" target="_blank" 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"><strong>Read the full report </strong></a></div><table width="100%" role="presentation" style="table-layout:fixed; vertical-align:top; border-spacing:0px; border-collapse:collapse; min-width:100%"><tbody><tr style="vertical-align:top"><td valign="top" style="word-break:break-word; vertical-align:top; min-width:100%; padding:48px 0px"><table border="0" cellpadding="0" cellspacing="0" width="100%" align="center" 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%"><tbody><tr style="vertical-align:top"><td valign="top" style="word-break:break-word; vertical-align: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 src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/dot-1.5x.png" width="12" height="12" style="display:block; width:12px; height:12px"></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>$1.2 trillion</strong></p><p style="margin:4px 0px 0px; line-height:1.6; word-break:break-word">Value of <a href="#" target="_blank" rel="noopener noreferrer">crypto transactions in North America</a> between July 2022 and June 2023, accounting for 24.4% of global activity during that period, according to a new Chainalysis report. “North America’s crypto market is more driven by institutional activity than any other region’s with a whopping 76.9% of transaction volume driven by transfers of $1 million or more,” the report notes.</p><p style="margin:16px 0px 0px; font-size:32px"><strong>13,490</strong></p><p style="margin:4px 0px 0px; line-height:1.6; word-break:break-word">Number of views Bitcoin’s Wikipedia page received on October 24 — the most traffic since mid-2022. “Bitcoin's recent rally and the potential for a spot ETF has people more interested in the asset,” reports <a href="#" target="_blank" rel="noopener noreferrer">The Block</a>. “The newfound interest can be shown in more casual ways, like more people visiting Bitcoin's Wikipedia page."</p><p style="margin:16px 0px 0px; font-size:32px"><strong>15</strong></p><p style="margin:4px 0px 0px; line-height:1.6; word-break:break-word">Age, as of October 31, of <a href="#" target="_blank" rel="noopener noreferrer">Satoshi Nakamoto's</a> Bitcoin whitepaper, which outlines the core mechanics of the cryptocurrency. Next up, Bitcoin will celebrate the 15th anniversary of the first transaction ever recorded on the network on January 3. The message inscribed in the “<a href="#" target="_blank" rel="noopener noreferrer">Genesis Block</a>” referenced a newspaper headline about the Great Recession, a key factor in Bitcoin’s creation: “<i>The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.</i>”</p><table width="100%" role="presentation" style="table-layout:fixed; vertical-align:top; border-spacing:0px; border-collapse:collapse; min-width:100%"><tbody><tr style="vertical-align:top"><td valign="top" style="word-break:break-word; vertical-align:top; min-width:100%; padding:48px 0px"><table border="0" cellpadding="0" cellspacing="0" width="100%" align="center" 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%"><tbody><tr style="vertical-align:top"><td valign="top" style="word-break:break-word; vertical-align: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 src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/dot-1.5x.png" width="12" height="12" style="display:block; width:12px; height:12px"></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>How often is Bitcoin’s blockchain updated with new transactions?</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>Every 10 minutes</td></tr><tr><td style="padding-right:12px; padding-top:12px"><strong>B</strong></td><td style="padding-top:12px">Every 60 minutes</td></tr><tr><td style="padding-right:12px; padding-top:12px"><strong>C</strong></td><td style="padding-top:12px">Once per day</td></tr><tr><td style="padding-right:12px; padding-top:12px"><strong>D</strong></td><td style="padding-top:12px">Twice per day</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%"><a href="#" target="_blank" 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"><strong>Learn about mining</strong></a></div><table width="100%" role="presentation" style="table-layout:fixed; vertical-align:top; border-spacing:0px; border-collapse:collapse; min-width:100%"><tbody><tr style="vertical-align:top"><td valign="top" style="word-break:break-word; vertical-align:top; min-width:100%; padding:48px 0px"><table border="0" cellpadding="0" cellspacing="0" width="100%" align="center" 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%"><tbody><tr style="vertical-align:top"><td valign="top" style="word-break:break-word; vertical-align: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>A</strong></td><td>Every 10 minutes</td></tr></tbody></table><table style="margin:48px 0px 0px"><tbody><tr><td style="text-align:left"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/Rebrand%20Assets/coinbase_footer_wordmark.png" alt="Coinbase" height="26" style="display:block; height:26px; margin-bottom:24px"></td></tr><tr><td><a href="#" title="coinbase ios app" target="_blank" rel="noopener noreferrer"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/Icons/app_apple.png" alt="Download on iOS App store" height="46" style="display:block; height:46px; margin-right:8px"></a></td><td><a href="#" title="coinbase android app" target="_blank" rel="noopener noreferrer"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/Icons/app_google.png" alt="Download on Google Play" height="46" style="display:block; height:46px"></a></td></tr></tbody></table><div style="margin-top:24px"><p style="font-size:12px; line-height:1.8; word-break:break-word; color:rgb(91,97,110)">Disclaimer: This material is the property of Coinbase, Inc., its parent and affiliates ("Coinbase"). The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Coinbase or its employees and summarizes information and articles with respect to cryptocurrencies or related topics that the author believes may be of interest. This material is for informational purposes only, and is not (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, (ii) intended to provide accounting, legal, or tax advice, or investment recommendations or (iii) an official statement of Coinbase. No representation or warranty is made, expressed or implied, with respect to the accuracy or completeness of the information or to the future performance of any digital asset, financial instrument or other market or economic measure. The information is believed to be current as of the date indicated on the materials. Recipients should consult their advisors before making any investment decision. Coinbase may have financial interests in, or relationships with, some of the entities and/or publications discussed or otherwise referenced in the materials. Certain links that may be provided in the materials are provided for convenience and do not imply Coinbase's endorsement, or approval of any third-party websites or their content. <br><br>© Coinbase 2023 | Coinbase Inc. <br>248 3rd St #434 <br>Oakland | CA 94607 | US <br><a href="#">www.coinbase.com</a> <br><a href="#">Get in touch</a> <br><br><br><a href="#" style="text-decoration:none">Unsubscribe</a> from future editions of Coinbase Bytes.</p></div></div></div></div><img alt="" src="http://comm.coinbase.com/CI0/0100018b8ce02064-ce96a065-b9b0-47a0-889e-2a9406387bac-000000/55wyiAoi_4P7Bhg-I1nzkhMHv8C5qE8d9JvKZttkK5M=325" style="display:none; width:1px; height:1px"> </body></html>
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