May 8, 2024 4:28 PM
-
newsletter@mail.coinbase.com
Venture capital’s return to crypto
Discussion on crypto market trends, venture capital investments, and analysis of emerging crypto technologies.
3 crypto themes that VC firms are getting behind. View in browser 5/8/24 Venture-backed investments in crypto startups and protocols have rebounded in a major way in 2024. What’s up? It’s Coinbase Bytes There’s never a dull moment on the bloc
May 8, 2024 4:28 PM
-
newsletter@mail.coinbase.com
Venture capital’s return to crypto
Discussion on crypto market trends, venture capital investments, and analysis of emerging crypto technologies.
3 crypto themes that VC firms are getting behind. View in browser 5/8/24 Venture-backed investments in crypto startups and protocols have rebounded in a major way in 2024. What’s up? It’s Coinbase Bytes There’s never a dull moment on the bloc
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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">3 crypto themes that VC firms are getting behind.</span><img src="https://links.coinbase.com/e/eo?_t=3aca56371967418192255878e9689713&_m=0c1a25c376af4046a877ce2e2f78c409&_e=1rvu5nh3u8zgDRPpAV7v1fzjYaZWvEM7feM8IdDzC-rLdq1gFam4MxyBnIqWFeazC5DPz2KhtKL96Xs4PIFQ99t3bN46viF2ewlqae4LkR6SfIE7SmBPrZQMaI-cuMifb8vdFurpaFDfKKbtrEu4P_UBGwe0l_6aHKXiTKNoc6g%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">5/8/24</p></td></tr></tbody></table></div><a href="#" target="_blank" rel="noopener noreferrer"><img src="https://images.ctfassets.net/q5ulk4bp65r7/1FmoRTrBn8Zak0UIcw2Nf9/aaa3c974e8f02affd10450da76b97069/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)">Venture-backed investments in crypto startups and protocols have rebounded in a major way in 2024.</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>Bitcoin rebounded back above $60K. </strong>What BTC futures markets, ETF inflows, and a major BTC milestone could mean for crypto markets moving forward.</li><li style="margin:0px; padding:6px 0px"><strong>Venture capital is pouring back into crypto technology. </strong>A closer look at three emerging categories that VCs are funding this year.</li><li style="margin:0px; padding:6px 0px"><strong>This week in numbers. </strong>The percentage of swing state voters who say crypto is a key issue, Standard Chartered’s BTC price prediction for 2025, and more stats to know.</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 role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="middle" width="22"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top" style="padding-top:0px"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow_updated_2.png" width="12" style="display:block; width:12px"> </td></tr></tbody></table></td><td align="left" valign="middle"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:16px; line-height:24px; font-weight:600; color:#0A0B0D">Bitcoin </td></tr></tbody></table></td></tr></tbody></table></td></tr><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:16px; line-height:24px; font-weight:400; color:#0A0B0D; padding-top:5px; padding-bottom:5px; padding-left:22px">$61,113.85 </td></tr><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:12px; line-height:18px; font-weight:400; color:#0A0B0D; padding-left:22px">+5.52% </td></tr></tbody></table></td></tr></tbody></table></a></td><td style="padding-top:40px"><a href="#" target="_blank" style="text-decoration:none; color:#0A0B0D"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="middle" width="22"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top" style="padding-top:0px"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/down-arrow_updated_2.png" width="12" style="display:block; width:12px"> </td></tr></tbody></table></td><td align="left" valign="middle"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:16px; line-height:24px; font-weight:600; color:#0A0B0D">Ethereum </td></tr></tbody></table></td></tr></tbody></table></td></tr><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:16px; line-height:24px; font-weight:400; color:#0A0B0D; padding-top:5px; padding-bottom:5px; padding-left:22px">$2,957.55 </td></tr><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:12px; line-height:18px; font-weight:400; color:#0A0B0D; padding-left:22px">-0.34% </td></tr></tbody></table></td></tr></tbody></table></a></td></tr><tr><td style="padding-top:20px"><a href="#" target="_blank" style="text-decoration:none; color:#0A0B0D"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="middle" width="22"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top" style="padding-top:0px"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow_updated_2.png" width="12" style="display:block; width:12px"> </td></tr></tbody></table></td><td align="left" valign="middle"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:16px; line-height:24px; font-weight:600; color:#0A0B0D">Solana </td></tr></tbody></table></td></tr></tbody></table></td></tr><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:16px; line-height:24px; font-weight:400; color:#0A0B0D; padding-top:5px; padding-bottom:5px; padding-left:22px">$140.68 </td></tr><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:12px; line-height:18px; font-weight:400; color:#0A0B0D; padding-left:22px">+5.43% </td></tr></tbody></table></td></tr></tbody></table></a></td><td style="padding-top:20px"><a href="#" target="_blank" style="text-decoration:none; color:#0A0B0D"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="middle" width="22"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top" style="padding-top:0px"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow_updated_2.png" width="12" style="display:block; width:12px"> </td></tr></tbody></table></td><td align="left" valign="middle"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:16px; line-height:24px; font-weight:600; color:#0A0B0D">XRP </td></tr></tbody></table></td></tr></tbody></table></td></tr><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:16px; line-height:24px; font-weight:400; color:#0A0B0D; padding-top:5px; padding-bottom:5px; padding-left:22px">$0.52 </td></tr><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:12px; line-height:18px; font-weight:400; color:#0A0B0D; padding-left:22px">+0.39% </td></tr></tbody></table></td></tr></tbody></table></a></td></tr><tr><td style="padding-top:20px"><a href="#" target="_blank" style="text-decoration:none; color:#0A0B0D"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="middle" width="22"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top" style="padding-top:0px"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow_updated_2.png" width="12" style="display:block; width:12px"> </td></tr></tbody></table></td><td align="left" valign="middle"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:16px; line-height:24px; font-weight:600; color:#0A0B0D">Dogecoin </td></tr></tbody></table></td></tr></tbody></table></td></tr><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:16px; line-height:24px; font-weight:400; color:#0A0B0D; padding-top:5px; padding-bottom:5px; padding-left:22px">$0.14 </td></tr><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:12px; line-height:18px; font-weight:400; color:#0A0B0D; padding-left:22px">+10.34% </td></tr></tbody></table></td></tr></tbody></table></a></td><td style="padding-top:20px"><a href="#" target="_blank" style="text-decoration:none; color:#0A0B0D"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="middle" width="22"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top" style="padding-top:0px"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow_updated_2.png" width="12" style="display:block; width:12px"> </td></tr></tbody></table></td><td align="left" valign="middle"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:16px; line-height:24px; font-weight:600; color:#0A0B0D">Cardano </td></tr></tbody></table></td></tr></tbody></table></td></tr><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:16px; line-height:24px; font-weight:400; color:#0A0B0D; padding-top:5px; padding-bottom:5px; padding-left:22px">$0.45 </td></tr><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:12px; line-height:18px; font-weight:400; color:#0A0B0D; padding-left:22px">+1.04% </td></tr></tbody></table></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 role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="middle" width="22"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top" style="padding-top:0px"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow_updated_2.png" width="12" style="display:block; width:12px"> </td></tr></tbody></table></td><td align="left" valign="middle"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:16px; line-height:24px; font-weight:600; color:#0A0B0D">Bitcoin </td></tr></tbody></table></td></tr></tbody></table></td></tr><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:16px; line-height:24px; font-weight:400; color:#0A0B0D; padding-top:5px; padding-bottom:5px; padding-left:22px">$61,113.85 </td></tr><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:12px; line-height:18px; font-weight:400; color:#0A0B0D; padding-left:22px">+5.52% </td></tr></tbody></table></td></tr></tbody></table></a></td><td style="padding-top:40px"><a href="#" target="_blank" style="text-decoration:none; color:#0A0B0D"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="middle" width="22"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top" style="padding-top:0px"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/down-arrow_updated_2.png" width="12" style="display:block; width:12px"> </td></tr></tbody></table></td><td align="left" valign="middle"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:16px; line-height:24px; font-weight:600; color:#0A0B0D">Ethereum </td></tr></tbody></table></td></tr></tbody></table></td></tr><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:16px; line-height:24px; font-weight:400; color:#0A0B0D; padding-top:5px; padding-bottom:5px; padding-left:22px">$2,957.55 </td></tr><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:12px; line-height:18px; font-weight:400; color:#0A0B0D; padding-left:22px">-0.34% </td></tr></tbody></table></td></tr></tbody></table></a></td><td style="padding-top:40px"><a href="#" target="_blank" style="text-decoration:none; color:#0A0B0D"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="middle" width="22"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top" style="padding-top:0px"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow_updated_2.png" width="12" style="display:block; width:12px"> </td></tr></tbody></table></td><td align="left" valign="middle"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:16px; line-height:24px; font-weight:600; color:#0A0B0D">Solana </td></tr></tbody></table></td></tr></tbody></table></td></tr><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:16px; line-height:24px; font-weight:400; color:#0A0B0D; padding-top:5px; padding-bottom:5px; padding-left:22px">$140.68 </td></tr><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:12px; line-height:18px; font-weight:400; color:#0A0B0D; padding-left:22px">+5.43% </td></tr></tbody></table></td></tr></tbody></table></a></td></tr><tr><td style="padding-top:20px"><a href="#" target="_blank" style="text-decoration:none; color:#0A0B0D"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="middle" width="22"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top" style="padding-top:0px"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow_updated_2.png" width="12" style="display:block; width:12px"> </td></tr></tbody></table></td><td align="left" valign="middle"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:16px; line-height:24px; font-weight:600; color:#0A0B0D">XRP </td></tr></tbody></table></td></tr></tbody></table></td></tr><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:16px; line-height:24px; font-weight:400; color:#0A0B0D; padding-top:5px; padding-bottom:5px; padding-left:22px">$0.52 </td></tr><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:12px; line-height:18px; font-weight:400; color:#0A0B0D; padding-left:22px">+0.39% </td></tr></tbody></table></td></tr></tbody></table></a></td><td style="padding-top:20px"><a href="#" target="_blank" style="text-decoration:none; color:#0A0B0D"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="middle" width="22"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top" style="padding-top:0px"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow_updated_2.png" width="12" style="display:block; width:12px"> </td></tr></tbody></table></td><td align="left" valign="middle"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:16px; line-height:24px; font-weight:600; color:#0A0B0D">Dogecoin </td></tr></tbody></table></td></tr></tbody></table></td></tr><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:16px; line-height:24px; font-weight:400; color:#0A0B0D; padding-top:5px; padding-bottom:5px; padding-left:22px">$0.14 </td></tr><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:12px; line-height:18px; font-weight:400; color:#0A0B0D; padding-left:22px">+10.34% </td></tr></tbody></table></td></tr></tbody></table></a></td><td style="padding-top:20px"><a href="#" target="_blank" style="text-decoration:none; color:#0A0B0D"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="middle" width="22"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td align="left" valign="top" style="padding-top:0px"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/up-arrow_updated_2.png" width="12" style="display:block; width:12px"> </td></tr></tbody></table></td><td align="left" valign="middle"><table role="presentation" cellpadding="0" cellspacing="0"><tbody><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:16px; line-height:24px; font-weight:600; color:#0A0B0D">Cardano </td></tr></tbody></table></td></tr></tbody></table></td></tr><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:16px; line-height:24px; font-weight:400; color:#0A0B0D; padding-top:5px; padding-bottom:5px; padding-left:22px">$0.45 </td></tr><tr><td class="whitetext whitecolor" align="left" valign="top" style="font-family:Coinbase Sans,'Inter',Arial,sans-serif; font-size:12px; line-height:18px; font-weight:400; color:#0A0B0D; padding-left:22px">+1.04% </td></tr></tbody></table></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 May 8, 2024 at 10:16 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>MARKET BYTES </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 rallied back above $60K — what might happen next? </strong></p></div><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">After closing out April down for the <a href="#" target="_blank" rel="noopener noreferrer">first time since August</a>, bitcoin began to bounce back this week. As of Wednesday morning, <a href="#" target="_blank" rel="noopener noreferrer">BTC</a> was hovering above $62,000 (compared to last week’s low below $57,000) and <a href="#" target="_blank" rel="noopener noreferrer">virtually all major cryptocurrencies</a> were up for the week. </p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">What helped drive the spike? For one, cooler-than-expected <a href="#" target="_blank" rel="noopener noreferrer">employment numbers</a> may have increased traders’ expectations that the Federal Reserve will cut interest rates this year. Some traders may have also taken advantage of lower prices to “buy the dip.”</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Here are three market updates to know.</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word"><strong>1: What do futures markets suggest could happen next?</strong></p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">One way to gain perspective on where pro traders think prices are heading is <a href="#" target="_blank" rel="noopener noreferrer">to look at futures markets</a>, which can provide insight into the direction of potential future price movements in the spot market.</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">As prices ticked back up this week, there was an increase in demand for bitcoin <a href="#" target="_blank" rel="noopener noreferrer">call options</a> that would pay off if prices rise to $75,000, or even $100,000. According to <a href="#" target="_blank" rel="noopener noreferrer">Coindesk</a>, “Data from [crypto options and futures exchange] Deribit show traders have locked in over $688 million in the $100,000 strike call options across different maturities.”</p><ul style="margin:10px 0px 0px; padding-left:24px; line-height:1.6"><li style="margin:0px; padding:6px 0px"><strong>Keep in mind… </strong>Nobody can predict the future, and these leveraged bets will be liquidated if the prices move in the wrong direction. This mechanism can be a major driver of market volatility, because when enough of such trades are liquidated at the same time, they can drag the broader market down with them, leading to further liquidations.</li></ul><p style="margin:0px; padding:0px"></p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word"><strong>2: The Bitcoin network has processed 1 billion transactions</strong></p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">On Sunday — exactly <a href="#" target="_blank" rel="noopener noreferrer">800 hundred weeks and one day</a> since Bitcoin was launched in 2009 — the BTC network processed its <i>billionth</i> transaction. </p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Over its entire life so far, the network has processed an average of 178,475 transactions per day, but in recent months that number <a href="#" target="_blank" rel="noopener noreferrer">has often spiked significantly</a> as prices have surged, the <a href="#" target="_blank" rel="noopener noreferrer">halving</a> came and went, and new technologies like <a href="#" target="_blank" rel="noopener noreferrer">Ordinals</a> and <a href="#" target="_blank" rel="noopener noreferrer">Runes</a> have arrived.</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">As Bitcoin Magazine <a href="#" target="_blank" rel="noopener noreferrer">reports</a>: “April 23 saw a single-day transaction record above 926,000, and while volume has moderated from those highs, Bitcoin continues averaging 600,000+ transactions in May 2024.”</p><ul style="margin:10px 0px 0px; padding-left:24px; line-height:1.6"><li style="margin:0px; padding:6px 0px"><strong>The Rune effect… </strong>Last week, Bitcoin Runes — a new protocol that allows users to easily launch tokens on top of the Bitcoin network — accounted for a <a href="#" target="_blank" rel="noopener noreferrer">majority of transaction volume</a>. The popular protocol has been a boon to miners, who have seen spiking transaction fees make up for some of the post-halving declines in block-reward revenue. </li></ul><p style="margin:0px; padding:0px"></p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word"><strong>3: BTC ETF inflows picked back up</strong></p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">From big funds like BlackRock’s IBIT to smaller funds like Bitwise’s BITB (did these firms all play the same game of Boggle?), the entire spot bitcoin ETF sector saw <a href="#" target="_blank" rel="noopener noreferrer">inflows rise</a> this week, according to <a href="#" target="_blank" rel="noopener noreferrer">data from the Block</a>. </p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">And for the first time since the BTC ETFs began trading in January, the biggest fund finally saw cashflows turn positive. </p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Grayscale’s Bitcoin Trust ETF, which has more than $18 billion under management, saw net inflows of around $63 million on May 3, <a href="#" target="_blank" rel="noopener noreferrer">according to Bloomberg</a>. </p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">This is significant because the fund, which was converted into a spot BTC ETF, has management fees around 1.5%, compared to less than 0.3% for most competitors. (Grayscale is also launching a <a href="#" target="_blank" rel="noopener noreferrer">low-fee alternative</a>.) </p><ul style="margin:10px 0px 0px; padding-left:24px; line-height:1.6"><li style="margin:0px; padding:6px 0px"><strong>Diamond hands gang?… </strong>So far at least, the majority of BTC ETF holders appear to be in it for the long haul. “Over 95% of the ETF investors HODL-ed during what was a pretty nasty and persistent downturn,” said Bloomberg ETF analyst <a href="#" target="_blank" rel="noopener noreferrer">Eric Balchunas</a>. “Over time two things tend to be true for ETFs: net growth and relatively strong hands.”</li></ul><p style="margin:0px; padding:0px"></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 more market insights</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>VENTURE TIME </strong></p></td></tr></tbody></table><p style="margin:5px 0px 0px; font-size:32px; line-height:1.26; word-break:break-word"><strong>The new crypto technologies that VCs are backing </strong></p></div><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">As crypto markets have reawakened this year, investments in crypto-related startups and protocols have also returned in a big way.</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Venture capital — which dipped during crypto winter as buzzy new sectors like AI emerged — is back. Early-stage (or “Series A”) investment is <a href="#" target="_blank" rel="noopener noreferrer">approaching levels</a> last seen during the 2021 bull run; <a href="#" target="_blank" rel="noopener noreferrer">at least $1 billion</a> in capital has been poured into startups for two consecutive months; and firms still have an ocean of capital left to deploy.</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Fundraising has also picked up steam. Crypto venture giants Pantera Capital and Paradigm (co-created by Coinbase co-founder and current board member Fred Ehrsam) are <a href="#" target="_blank" rel="noopener noreferrer">raising new funds</a> of $1 billion and $850 million, respectively, to back crypto initiatives.</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Amid all this activity, what are the new crypto-powered technologies receiving funding? Here’s a breakdown of three sectors you should know about.</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">(<strong>Quick disclosure before we dive in</strong>: <a href="#" target="_blank" rel="noopener noreferrer">Coinbase Ventures portfolio companies and associated projects</a> are denoted with an asterisk (*) upon first reference in this story.)</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word"><strong>1: Decentralized physical infrastructure projects</strong></p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Decentralized physical infrastructure (DePIN) is one of the <a href="#" target="_blank" rel="noopener noreferrer">hottest crypto narratives</a> of the year, with startups in the field already raising tens of millions of dollars this year.</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">DePIN projects are peer-to-peer networks in which individuals contribute resources like computing power, data storage, or wireless connectivity in exchange for rewards defined by the protocol’s incentive mechanism.</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">DePIN startups that have raised funds this year include:</p><ul style="margin:10px 0px 0px; padding-left:24px; line-height:1.6"><li style="margin:0px; padding:6px 0px"><strong>IO Research</strong>: This Solana-based startup <a href="#" target="_blank" rel="noopener noreferrer">raised $30 million</a> earlier this year. The company is focused on providing decentralized computing for AI and machine-learning startups, by incentivizing individuals to lend unused GPU power to the network. To date, the startup has <a href="#" target="_blank" rel="noopener noreferrer">more than 25,000 GPUs</a> in its network, which have processed over 40,000 hours of computation. </li><li style="margin:0px; padding:6px 0px"><strong>Natix Network: </strong><a href="#" target="_blank" rel="noopener noreferrer">Natix</a>, which is also a Solana-based DePIN project, <a href="#" target="_blank" rel="noopener noreferrer">raised $4.6 million</a> last month to help fund its vision of collecting real-time geospatial and mapping data. (Users download an app that connects them to an “internet of cameras” that can feed real-time data from users’ smartphone cameras and dashcams into AI analysis in exchange for rewards.) According to Natix, this data is especially useful for firms like autonomous-driving startups. To date, Natix claims to have nearly 100,000 registered drivers, who have mapped more than 17 million miles since April 2023.</li></ul><p style="margin:0px; padding:0px"></p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word"><strong>2: The tokenization of real-world assets </strong></p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">One of the biggest opportunities for crypto is tokenization, in which pretty much any asset class — from stocks to real-estate — can be represented as a token on a blockchain. </p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">The prospect of faster, cheaper global transactions has analysts predicting that tokenization could grow into a <a href="#" target="_blank" rel="noopener noreferrer">$10 trillion</a> industry by 2030. As BlackRock CEO Larry Fink recently <a href="#" target="_blank" rel="noopener noreferrer">put it</a>, tokenization represents “the next generation for markets.”</p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">A wide range of crypto startups are seeking to build the protocols that would power this new tokenized ecosystem. And venture firms seem eager to invest — more than two dozen tokenization startups have already raised around $80 million so far this year. Two examples are: </p><ul style="margin:10px 0px 0px; padding-left:24px; line-height:1.6"><li style="margin:0px; padding:6px 0px"><strong>Securitize*</strong>: The startup, which raised $47 million last week in a round led by BlackRock, is already one of the leading tokenization firms, <a href="#" target="_blank" rel="noopener noreferrer">with more than $600 million</a> in assets on chain. Securitize allows users to invest in onchain private equity or VC funds, including BlackRock’s <a href="#" target="_blank" rel="noopener noreferrer">recently launched tokenized treasury </a>fund, which has garnered $375 million of investment within two months.</li><li style="margin:0px; padding:6px 0px"><strong>Homium:</strong> This Avalanche-based platform, which <a href="#" target="_blank" rel="noopener noreferrer">raised a $10 million Series A round</a>, aims to help homeowners unlock equity by offering loans backed by their home’s future price appreciation. Where does the capital come from? Institutional investors can purchase tokenized shares in pools of these loans. </li></ul><p style="margin:0px; padding:0px"></p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word"><strong>3: Bitcoin-scaling solutions </strong></p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Compared to most newer cryptocurrencies, Bitcoin processes transactions slowly — taking, as noted above, 15 years to reach 1 billion transactions. (Ethereum, by contrast, has <a href="#" target="_blank" rel="noopener noreferrer">processed</a> 2.4 billion transactions in less than ten years.) </p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">But a number of startups are aiming to solve Bitcoin’s processing limitations via a host of innovations: “layer 2” (L2) protocols like the <a href="#" target="_blank" rel="noopener noreferrer">Lightning Network</a>*, restaking protocols like Lorenzo Protocol, and cross-chain bridges like Core DAO. BTC-ecosystem startups have inked 81 funding deals so far this year, compared to 77 in all of 2023, <a href="#" target="_blank" rel="noopener noreferrer">according to the Block</a>. Among these are:</p><ul style="margin:10px 0px 0px; padding-left:24px; line-height:1.6"><li style="margin:0px; padding:6px 0px"><strong>Mezo*</strong>: This L2 project, which <a href="#" target="_blank" rel="noopener noreferrer">just raised $21 million</a>, allows users to lock their BTC into a <a href="#" target="_blank" rel="noopener noreferrer">smart contract</a> and receive an Ethereum-compatible token that’s backed by their bitcoin holdings. That token can then be used across the DeFi ecosystem, opening up a host of use cases.</li><li style="margin:0px; padding:6px 0px"><strong>ZKM: </strong>The Ethereum L2 ZKM raised $5 million this week in advance of a new <a href="#" target="_blank" rel="noopener noreferrer">BTC L2 effort</a> that would help bridge the two blockchains. Said the firm’s CEO, “We aim to connect multiple blockchain ecosystems, enhancing scalability, security, and interoperability across the board.”</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">In addition to the many <a href="#" target="_blank" rel="noopener noreferrer">new funds being raised</a>, at least some of the billions of dollars that venture funds raised during the last bull cycle are still available. </p><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Startups have taken advantage of this situation by pioneering a new <a href="#" target="_blank" rel="noopener noreferrer">“rolling” funding strategy</a>, where, instead of organizing rounds of investment that take place over years, VCs are able to continually buy into a startup. Decentralized artificial intelligence firm OG Labs used this strategy to raise $35 million — around 20 times more capital than the firm had estimated it would receive.</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 tokenization</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>NUMBERS TO KNOW </strong></p></td></tr></tbody></table></div><h1><strong>$150 billion</strong></h1><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Total transaction volume the Ethereum L2 network Arbitrum <a href="#" target="_blank" rel="noopener noreferrer">has achieved</a> via the decentralized exchange (DEX) Uniswap, making it the first L2 to achieve that much volume on the popular DEX. </p><h1><strong>$200,000</strong></h1><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Standard Chartered’s prediction for BTC’s price by the end of 2025, according to a new report. The bank’s analysts <a href="#" target="_blank" rel="noopener noreferrer">also suggested</a> that a second Trump presidency could drive up BTC prices due to “a more supportive regulatory environment,” among other factors.</p><h1><strong>40%</strong></h1><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Weekly gain of RNDR, the native token of AI-meets-crypto company the Render Network, as of Tuesday. RNDR, which saw the biggest weekly gains of the top 100 cryptocurrencies, was <a href="#" target="_blank" rel="noopener noreferrer">just one of several AI-related tokens</a> that surged following a rally for AI chipmaker NVIDIA’s stock. </p><h1><strong>20%</strong></h1><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Approximate percent of swing-state voters who <a href="#" target="_blank" rel="noopener noreferrer">consider</a> crypto a key issue in the upcoming U.S. elections, according to a new poll conducted by blockchain venture firm Digital Currency Group. DCG executive Julie Stitzel noted that the survey data “shows crypto is top of mind for voters in swing Senate states and that a pro-crypto position is a net positive for policymakers and candidates.”</p><h1><strong>10%</strong></h1><p style="margin:16px 0px 0px; line-height:1.6; word-break:break-word">Percent of its monthly bitcoin profits that fintech firm Block (formerly Square) <a href="#" target="_blank" rel="noopener noreferrer">plans</a> to use for acquiring more BTC throughout the rest of 2024. As of March 31, Block reported <a href="#" target="_blank" rel="noopener noreferrer">8,038 BTC</a> (about $482 million) on its balance sheet, ranking <a href="#" target="_blank" rel="noopener noreferrer">seventh</a> on the list of largest corporate BTC holders.</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>What is a stablecoin?</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>A cryptocurrency that has its price pegged to a reserve currency, typically the U.S. dollar</td></tr><tr><td style="padding-right:12px; padding-top:12px"><strong>B</strong></td><td style="padding-top:12px">A horse-themed cryptocurrency</td></tr><tr><td style="padding-right:12px; padding-top:12px"><strong>C</strong></td><td style="padding-top:12px">A highly volatile cryptocurrency</td></tr><tr><td style="padding-right:12px; padding-top:12px"><strong>D</strong></td><td style="padding-top:12px">The native token of the Cardano blockchain</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 more about stablecoins</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>NOW TRADING ON COINBASE </strong></p></td></tr></tbody></table></div><a href="#" target="_blank" rel="noopener noreferrer" style="color:rgb(10,11,13); text-decoration:none"><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>SHDW</strong></td><td style="vertical-align:middle; padding-left:12px"><img src="https://asset-metadata-service-production.s3.amazonaws.com/asset_icons/c65ad9b5ab9349079a7a0f67971226e0f98f140e155a568ce7d9b4cc14ba31b5.png" width="26" height="26" style="display:block; width:26px; height:26px; vertical-align:middle"></td><td style="vertical-align:middle; text-align:right; width:100%"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/Newsletter%20Assets/newlistings_light.png" width="21" height="18" style="width:21px; height:18px; vertical-align:middle"></td></tr></tbody></table><p style="margin:0px; line-height:1.6">The Shadow ecosystem is a decentralized physical infrastructure network developed by GenesysGo. </p></a><a href="#" target="_blank" rel="noopener noreferrer" style="color:rgb(10,11,13); text-decoration:none"><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>TNSR</strong></td><td style="vertical-align:middle; padding-left:12px"><img src="https://asset-metadata-service-production.s3.amazonaws.com/asset_icons/518da4928c5a7c7718d9a6e53f4933bd77b7b775bb778708870fd169721db9fe.png" width="26" height="26" style="display:block; width:26px; height:26px; vertical-align:middle"></td><td style="vertical-align:middle; text-align:right; width:100%"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/Newsletter%20Assets/newlistings_light.png" width="21" height="18" style="width:21px; height:18px; vertical-align:middle"></td></tr></tbody></table><p style="margin:0px; line-height:1.6">The Tensor Protocol is an autonomous protocol on Solana that NFT marketplaces can use to access deep liquidity and connect their users with other NFT traders. </p></a><a href="#" target="_blank" rel="noopener noreferrer" style="color:rgb(10,11,13); text-decoration:none"><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>NEON</strong></td><td style="vertical-align:middle; padding-left:12px"><img src="https://asset-metadata-service-production.s3.amazonaws.com/asset_icons/ce881c5af5afb9d8ab7687f78bd4b8826e74c996e487eb17729c78095823688a.png" width="26" height="26" style="display:block; width:26px; height:26px; vertical-align:middle"></td><td style="vertical-align:middle; text-align:right; width:100%"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/Newsletter%20Assets/newlistings_light.png" width="21" height="18" style="width:21px; height:18px; vertical-align:middle"></td></tr></tbody></table><p style="margin:0px; line-height:1.6">Neon EVM, the first parallelized EVM on Solana, allows developers to seamlessly deploy Ethereum dapps to Solana. </p></a><a href="#" target="_blank" rel="noopener noreferrer" style="color:rgb(10,11,13); text-decoration:none"><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>SAFE</strong></td><td style="vertical-align:middle; padding-left:12px"><img src="https://asset-metadata-service-production.s3.amazonaws.com/asset_icons/56f840fe12654c2de7447d319382c77c8f91510ada5aa223c2a83bfc50cd8f3b.png" width="26" height="26" style="display:block; width:26px; height:26px; vertical-align:middle"></td><td style="vertical-align:middle; text-align:right; width:100%"><img src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/3aca56371967418192255878e9689713/Newsletter%20Assets/newlistings_light.png" width="21" height="18" style="width:21px; height:18px; vertical-align:middle"></td></tr></tbody></table><p style="margin:0px; line-height:1.6">Safe provides developers with an open-source and modular account abstraction stack. </p></a><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>A cryptocurrency that has its price pegged to a reserve currency, typically the U.S. dollar</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 is licensed to engage in Virtual Currency Business Activity by the New York State Department of Financial Services. <br><br>© Coinbase 2024 | 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/CI0/0100018f5a892f9f-d8f6f1c7-9579-48e2-abca-433e38188710-000000/t-pdEt3r_wlfqAosRb1tXkpUfFSx-ZEKj2TCFBUEwm8=352" style="display:none; width:1px; height:1px"> </body></html>
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