EVOLUTION-NINJA

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Reply-To: Christo from Wayex <christo@wayex-1ebef8f94122.intercom-mail.com>
Message-ID: <1a7228b9-8a437747-1771480882-215473160606889-1586167@outbound.intercom.wayex.com>
Subject: Wayex Weekly Wrap: Bitcoin Slides, But Builders Keep Building
From: "Christo from Wayex" <christo.m@wayex.com>
Date: Thu, 19 Feb 2026 06:01:23 +0000

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Hi Dominic, =0D=0A Welcome to this week's Weekly Wrap! =0D=0A =0D=0A=0D=0A=
=0D=0A=0D=0A =0D=0A What=E2=80=99s Making News This Week =0D=0A Bitcoin's s=
lide below US$70,000 (currently trading at AU$94,408.68 as of 12:00 PM AEDT=
 19/02/26) has tested conviction across markets, but clarity is emerging. T=
he CLARITY Act edges closer to passage, institutional capital is flowing ba=
ck through new channels, and real-world adoption is accelerating. From Drag=
onfly's US$650 (AU$923) million fund to Steak 'n Shake's Bitcoin treasury s=
trategy, builders are moving forward while traders capitulate. Vitalik Bute=
rin's critique of prediction markets and diverging ETF flows between the US=
 and Europe highlight a sector still finding its footing, but the shift fro=
m speculation to infrastructure has never been more apparent. =0D=0A =0D=0A=
=0D=0A=0D=0A=0D=0A =0D=0A =0D=0A=0D=0A=0D=0A=0D=0A=0D=0A =0D=0A Top Gainers=
 &amp; Losers Of The Week On Wayex =0D=0A [Image "0219+WAYEX+WEEKLY+GAIN+AN=
D+LOSe.jpg=3Fexpires=3D1790857026&amp;signature=3D78c1e02ba23340e75a9d4bd86=
b20a144526ee714da2d9e5b1f5bcb1312db256b&amp;req=3DdiAvFsB7moFWUfMW2XS%2FiW4=
Fz2iNsNNCfZlXoK2tWZTD6P8dpKQ%3D%0A"] =0D=0A =F0=9F=94=BC Gainers =0D=0A =E2=
=80=A2 Mantra (OM): +28.9% =0D=0A =E2=80=A2 Pol (POL): +21.2% =0D=0A =E2=80=
=A2 Jito (JTO): +20.9% =0D=0A =F0=9F=94=BD Losers: =0D=0A =E2=80=A2 Beracha=
in (BERA): -36.5% =0D=0A =E2=80=A2 Flow (FLOW): -26.6% =0D=0A =E2=80=A2 Axi=
e Infinity (AXS): -18.5% =0D=0A [Image "0219+FEAR+AND+GREED.jpg=3Fexpires=
=3D1790857026&amp;signature=3D119caff94529ac20ff1701a0d68214c2cc2a3ac2bbd95=
ec16808b092722bc3e3&amp;req=3DdiAvFsB7modXWfMW2XS%2FiSqH3ZcaMvaOF7R1X36Zsay=
r%2BoQNB1k%3D%0A"] =0D=0A =E2=80=8B =0D=0A Market sentiment=3F Currently =
=E2=80=9CExtreme Fear=E2=80=9D. =0D=0A =0D=0A=0D=0A=0D=0A=0D=0A =0D=0A =0D=
=0A=0D=0A=0D=0A=0D=0A=0D=0A =0D=0A Bitcoin Drops 22% as European ETF Invest=
ors Hold Steady, US Flows Turn Negative =0D=0A Bitcoin has started the year=
 with a sharp decline, dropping more than 22% and briefly falling below US$=
70,000 (AU$99,935) to levels last seen in late 2024. European digital asset=
 ETF flows turned negative during January's peak volatility but quickly rec=
overed with two consecutive weeks of net inflows in February, even as Bitco=
in showed little sign of rebounding. In contrast, US ETF outflows have rema=
ined negative since late January, with combined US and European flows still=
 in the red year-to-date. =0D=0A Read more =0D=0A =0D=0A=0D=0A=0D=0A=0D=0A=
=0D=0A =0D=0A Vitalik Buterin Calls Out Prediction Markets for Prioritising=
 "Dopamine Value" Over Utility =0D=0A Ethereum co-founder Vitalik Buterin h=
as criticised prediction markets for "over-converging" on cryptocurrency pr=
ice speculation and sports wagering, describing the trend as a slide toward=
s "corposlop" that prioritises short-term engagement over long-term societa=
l benefit. When challenged by a user who argued financially desperate peopl=
e gamble by default, Buterin replied bluntly: "Yeah, and encouraging financ=
ially desperate people to gamble is bad because the likely outcome is that =
they become even more financially desperate". He proposed repositioning pre=
diction markets as hedging tools and suggested moving away from US dollar-b=
acked stablecoins towards personalised baskets tied to expected expenses. =
=0D=0A =0D=0A=0D=0A=0D=0A=0D=0A=0D=0A =0D=0A CLARITY Act Inches Closer to P=
assage with 80% Probability by April, Says Ripple CEO =0D=0A Ripple CEO Bra=
d Garlinghouse has predicted an 80% chance the CLARITY Act will pass by the=
 end of April, despite ongoing friction over the stablecoin yield provision=
 that caused Coinbase to withdraw its support. US Treasury Secretary Scott =
Bessent said passing the bill would provide "great comfort to the market" a=
mid ongoing volatility, with the White House setting February as a critical=
 month for resolving outstanding issues. Polymarket traders are currently p=
ricing in a 62% chance of passage following upcoming meetings, though Besse=
nt warned the coalition could collapse if Democrats take control of the Hou=
se in November. =0D=0A =0D=0A=0D=0A=0D=0A=0D=0A=0D=0A =0D=0A Dragonfly Capi=
tal Closes US$650M Fund Targeting Real-World Assets and Financial Infrastru=
cture =0D=0A Crypto venture capital firm Dragonfly Capital has closed its f=
ourth fund, raising US$650 (AU$923) million to invest in traditional financ=
ial products built on blockchain rails, including credit card-like services=
, money market-style funds, and tokens tied to real-world assets such as st=
ocks and private credit. "This is the biggest meta shift I can feel in my e=
ntire time in the industry," said Tom Schmidt, a general partner at Dragonf=
ly, with the fundraising coming after what the firm described as a "mass ex=
tinction event" in the crypto VC ecosystem. Last month alone, 111 crypto co=
mpanies raised a combined US$2.5 (AU$3.54) billion across IPOs, PIPEs, debt=
 and equity offerings, signalling institutional capital is returning throug=
h different channels with a focus on stablecoin infrastructure, institution=
al custody, and trading platforms rather than layer-1 blockchains and consu=
mer apps. =0D=0A =0D=0A=0D=0A=0D=0A=0D=0A=0D=0A =0D=0A Elemental Royalty Be=
comes First Public Gold Company to Pay Dividends in Tokenised Gold =0D=0A E=
lemental Royalty Corporation (ELE) has become the first publicly listed gol=
d company to offer shareholders the option to receive dividends in Tether G=
old (XAUT), a blockchain-based stablecoin backed by physical gold, rather t=
han fiat money. The move comes after Tether bought one-third of Elemental l=
ast year and reflects the rapid growth of gold-backed tokens, with the tota=
l market for tokenised gold surpassing US$5 (AU$7.1) billion. XAUT currentl=
y leads the sector in both volume and supply, with much of this growth driv=
en by retail investors seeking exposure to gold without relying on traditio=
nal custodians or intermediaries. =0D=0A =0D=0A=0D=0A=0D=0A=0D=0A=0D=0A =0D=
=0A Stripe-Owned Bridge Secures Conditional Approval for National Trust Ban=
king Charter =0D=0A Bridge, the stablecoin company acquired by payments gia=
nt Stripe, has been granted conditional approval from the Office of the Com=
ptroller of the Currency (OCC) for a national trust banking charter, allowi=
ng it to custody digital assets, offer and issue stablecoins, and operate s=
tablecoin reserves upon full approval. "Stablecoins are becoming core finan=
cial infrastructure. Institutions need regulatory clarity, operational resi=
lience, and scalable systems to build with confidence. A national trust ban=
k establishes that foundation," the firm posted on X. The approval follows =
similar conditional charters granted to Circle, Ripple, and Paxos in Decemb=
er, though traditional banking lobbyists have urged regulators to slow char=
ter-granting decisions amid the rush of crypto-related applications. =0D=0A=
 =0D=0A=0D=0A=0D=0A=0D=0A=0D=0A =0D=0A Steak 'n Shake Reports "Dramatic" Sa=
les Growth Since Accepting Bitcoin Payments =0D=0A U.S. fast-food chain Ste=
ak 'n Shake reported that same-store sales have risen "dramatically" since =
it began accepting Bitcoin payments in May 2025, with Q2 2025 growth of 11%=
 and Q3 2025 growth of 15%, outpacing major competitors including McDonald'=
s, Domino's, and Taco Bell. All Bitcoin collected at participating location=
s flows directly into the company's Strategic Bitcoin Reserve, which has gr=
own to approximately 161.6 Bitcoin, currently valued at around US$10.96 (AU=
$15.6) million, though the reserve is carrying an unrealised loss with hold=
ings roughly 26% below the average purchase price of US$92,851 (AU$131,739)=
 per coin. Beyond payments, the chain has integrated Bitcoin into its emplo=
yee compensation structure, paying hourly employees US$0.27 (AU$0.38) in Bi=
tcoin per hour worked through a programme with Bitcoin rewards firm Fold, t=
argeting Gen Z and Millennial workers. =0D=0A Read more =0D=0A =0D=0A=0D=0A=
=0D=0A=0D=0A=0D=0A =0D=0A Something That Made Us Laugh This Week! =0D=0A [I=
mage "76cae9de-8ffc-4f77-8092-96d4fb0319e4=3Fexpires=3D1790857026&amp;signa=
ture=3Dcd9b16a8c50c124ef25ccec46ad6129c5ad672a0684d418a6b7d3de4eab5a95c&amp=
;req=3DdiAvFsB7lIdbWvMW2XS%2FiZzRVbND1ugwAPiOwLYijhKTyErL2lU%3D%0A"] =0D=0A=
 [Image "7e7b9996-f8fa-4fe4-917c-b10a55282a52=3Fexpires=3D1790857026&amp;si=
gnature=3D41253a83a6fb803d1a0f329e3096dadcd8a942ec94b5537fbfa792ab3d285300&=
amp;req=3DdiAvFsB7lIZcWPMW2XS%2FiQBSOY3wgF7%2B1Hp7o3M%2FBSuBnuvoeYs%3D%0A"]=
 =0D=0A [Image "bd012ccb-3254-4ef9-b98f-00d060a4ae37=3Fexpires=3D1790857026=
&amp;signature=3D80c15560a584be1a92b37363a483780d7150e1c6c216bc838074ea8ef2=
a49f05&amp;req=3DdiAvFsB7lIhbUfMW2XS%2FiZPx%2FOD6Xo2vGYgamxiJUhu9l2MBzt8%3D=
%0A"] =0D=0A [Image "82abea27-12d8-4e2d-a7fd-721bd0db02d4=3Fexpires=3D17908=
57026&amp;signature=3D1f37ea765b24155efdcfef8b210bd67817c85176573678fcff2e3=
dbe439d2436&amp;req=3DdiAvFsB4nYBfUPMW2XS%2FiTI7anEYaWFpWfr2UGZHCTeb0PlNFIM=
%3D%0A"] =0D=0A =0D=0A=0D=0A=0D=0A=0D=0A=0D=0A =0D=0A Founder's Corner =0D=
=0A Traders are currently fixating on Bitcoin=E2=80=99s slide below US$70,0=
00, but they=E2=80=99re missing the forest for the trees. While "naive trad=
ers" get washed out by short-term volatility, the real story is the massive=
 capital migration from speculation toward utility. Vitalik Buterin recentl=
y called out the rise of "corposlop", prediction markets and products that =
prioritise "dopamine value" over societal benefit. He=E2=80=99s right to be=
 sceptical, but the antidote is already here. Dragonfly=E2=80=99s US$650 mi=
llion fund isn't chasing the next meme coin; it=E2=80=99s backing the unsex=
y, indestructible rails of the future, credit services and money markets bu=
ilt on blockchain. We are witnessing a "mass extinction event" for speculat=
ive fluff, leaving only the builders who understand that the "Wild West" mu=
st mature into a regulated, institutional-grade ecosystem. =0D=0A The most =
fascinating proof of this shift isn=E2=80=99t happening on Wall Street, but=
 at your local burger joint. Steak =E2=80=99n Shake=E2=80=99s move to build=
 a Strategic Bitcoin Reserve and pay employees in BTC bonuses is the ultima=
te reality check for the sceptics. Despite an unrealised loss on their hold=
ings, their same-store sales are outpacing competitors like McDonald=E2=80=
=99s and Domino's because they=E2=80=99ve integrated digital assets into a =
cash-producing operating business. From gold mining companies paying divide=
nds in tokenised gold (XAUT) to Stripe=E2=80=99s Bridge securing a national=
 trust charter, the infrastructure is moving beyond "proof of concept" and =
into the real economy. =0D=0A Richard Voice, Co-Founder, Wayex =0D=0A =0D=
=0A=0D=0A=0D=0A=0D=0A =0D=0A Read more =0D=0A =0D=0A=0D=0A=0D=0A=0D=0A=0D=
=0A =0D=0A =E2=80=8B =0D=0A Enjoyed the Wrap=3F =0D=0A Send it to friends o=
r family. If they join Wayex using your referral link, you=E2=80=99ll both =
earn $10 in Bitcoin when they sign up and trade. =0D=0A Until next time, =
=0D=0A The Wayex Team =0D=0A =0D=0A=0D=0A=0D=0A=0D=0A =0D=0A Visit Wayex =
=0D=0A =0D=0A=0D=0A=0D=0A=0D=0A =0D=0A =0D=0A=0D=0A=0D=0A=0D=0A=0D=0A[Image=
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-93185ee18c8aed7a0b2fefd42312bfbea42477baec75b23df450769a76a1b9fe.png"]=0D=
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rmal; line-height: 130%; font-size: 16px; margin: 0; padding: 16px;" align=
=3D"left" valign=3D"top">=0D=0A<div class=3D"intercom-spacer-container">=0D=
=0A<table class=3D"spacer" role=3D"presentation" style=3D"border-spacing: 0=
; border-collapse: collapse; vertical-align: top; text-align: left; width: =
100%; padding: 0;"><tbody><tr style=3D"vertical-align: top; text-align: lef=
t; padding: 0;" align=3D"left">=0D=0A<td height=3D"20" style=3D"font-size: =
20px; line-height: 20px; word-wrap: break-word; -moz-hyphens: auto; hyphens=
: auto; border-collapse: collapse !important; vertical-align: top; text-ali=
gn: left; color: #0a0a0a; font-family: Helvetica, Arial, sans-serif; font-w=
eight: normal; margin: 0; padding: 0;" align=3D"left" valign=3D"top"></td>=
=0D=0A</tr></tbody></table>=0D=0A</div>=0D=0A<p style=3D"color: #0a0a0a; fo=
nt-family: Helvetica, Arial, sans-serif; font-weight: normal; text-align: l=
eft; line-height: 130%; font-size: 16px; margin: 0 0 10px; padding: 0;" ali=
gn=3D"left">Hi Dominic,</p>=0D=0A<p style=3D"color: #0a0a0a; font-family: H=
elvetica, Arial, sans-serif; font-weight: normal; text-align: left; line-he=
ight: 130%; font-size: 16px; margin: 0 0 10px; padding: 0;" align=3D"left">=
Welcome to this week's Weekly Wrap! </p>=0D=0A<div class=3D"intercom-spacer=
-container">=0D=0A<table class=3D"spacer" role=3D"presentation" style=3D"bo=
rder-spacing: 0; border-collapse: collapse; vertical-align: top; text-align=
: left; width: 100%; padding: 0;"><tbody><tr style=3D"vertical-align: top; =
text-align: left; padding: 0;" align=3D"left">=0D=0A<td height=3D"20" style=
=3D"font-size: 20px; line-height: 20px; word-wrap: break-word; -moz-hyphens=
: auto; hyphens: auto; border-collapse: collapse !important; vertical-align=
: top; text-align: left; color: #0a0a0a; font-family: Helvetica, Arial, san=
s-serif; font-weight: normal; margin: 0; padding: 0;" align=3D"left" valign=
=3D"top"></td>=0D=0A</tr></tbody></table>=0D=0A</div>=0D=0A<h2 id=3D"h_9dab=
26d02b" style=3D"color: inherit; font-family: Helvetica, Arial, sans-serif;=
 font-weight: normal; text-align: left; line-height: 130%; word-wrap: norma=
l; font-size: 25px; margin: 0 0 10px; padding: 0;" align=3D"left"><b>What=
=E2=80=99s Making News This Week</b></h2>=0D=0A<p style=3D"color: #0a0a0a; =
font-family: Helvetica, Arial, sans-serif; font-weight: normal; text-align:=
 left; line-height: 130%; font-size: 16px; margin: 0 0 10px; padding: 0;" a=
lign=3D"left">Bitcoin's slide below US$70,000 (currently trading at AU$94,4=
08.68 as of 12:00 PM AEDT 19/02/26) has tested conviction across markets, b=
ut clarity is emerging. The CLARITY Act edges closer to passage, institutio=
nal capital is flowing back through new channels, and real-world adoption i=
s accelerating. From Dragonfly's US$650 (AU$923) million fund to Steak 'n S=
hake's Bitcoin treasury strategy, builders are moving forward while traders=
 capitulate. Vitalik Buterin's critique of prediction markets and diverging=
 ETF flows between the US and Europe highlight a sector still finding its f=
ooting, but the shift from speculation to infrastructure has never been mor=
e apparent.</p>=0D=0A<div class=3D"intercom-spacer-container">=0D=0A<table =
class=3D"spacer" role=3D"presentation" style=3D"border-spacing: 0; border-c=
ollapse: collapse; vertical-align: top; text-align: left; width: 100%; padd=
ing: 0;"><tbody><tr style=3D"vertical-align: top; text-align: left; padding=
: 0;" align=3D"left">=0D=0A<td height=3D"20" style=3D"font-size: 20px; line=
-height: 20px; word-wrap: break-word; -moz-hyphens: auto; hyphens: auto; bo=
rder-collapse: collapse !important; vertical-align: top; text-align: left; =
color: #0a0a0a; font-family: Helvetica, Arial, sans-serif; font-weight: nor=
mal; margin: 0; padding: 0;" align=3D"left" valign=3D"top"></td>=0D=0A</tr>=
</tbody></table>=0D=0A</div>=0D=0A<div class=3D"intercom-divider-container"=
>=0D=0A<table width=3D"100%" role=3D"presentation" style=3D"border-spacing:=
 0; border-collapse: collapse; vertical-align: top; text-align: left; paddi=
ng: 0;"><tbody><tr style=3D"vertical-align: top; text-align: left; padding:=
 0;" align=3D"left"><td style=3D"word-wrap: break-word; -moz-hyphens: auto;=
 hyphens: auto; border-collapse: collapse !important; vertical-align: top; =
text-align: left; color: #0a0a0a; font-family: Helvetica, Arial, sans-serif=
; font-weight: normal; line-height: 130%; font-size: 16px; margin: 0; paddi=
ng: 10px 0;" align=3D"left" valign=3D"top">=0D=0A<table class=3D"divider" r=
ole=3D"presentation" align=3D"center" width=3D"100%" style=3D"border-top-wi=
dth: 2px; border-top-color: #222222; border-top-style: solid; border-spacin=
g: 0; border-collapse: collapse; vertical-align: top; text-align: left; pad=
ding: 0;"><tbody><tr style=3D"vertical-align: top; text-align: left; paddin=
g: 0;" align=3D"left"><td style=3D"word-wrap: break-word; -moz-hyphens: aut=
o; hyphens: auto; border-collapse: collapse !important; vertical-align: top=
; text-align: left; color: #0a0a0a; font-family: Helvetica, Arial, sans-ser=
if; font-weight: normal; line-height: 130%; font-size: 16px; margin: 0; pad=
ding: 1px 0 0;" align=3D"left" valign=3D"top">=0D=0A</td></tr></tbody></tab=
le>=0D=0A</td></tr></tbody></table>=0D=0A</div>=0D=0A<h2 id=3D"h_e7ca1df04f=
" style=3D"color: inherit; font-family: Helvetica, Arial, sans-serif; font-=
weight: normal; text-align: left; line-height: 130%; word-wrap: normal; fon=
t-size: 25px; margin: 0 0 10px; padding: 0;" align=3D"left"><b>Top Gainers =
&amp; Losers Of The Week On Wayex</b></h2>=0D=0A<div class=3D"intercom-cont=
ainer"><img src=3D"https://wayex-1ebef8f94122.intercom-mail.com/i/o/mfj0shy=
v/2080957098/96c76fc8e97abdc9840b843bc319/0219+WAYEX+WEEKLY+GAIN+AND+LOSe.j=
pg=3Fexpires=3D1790857026&amp;signature=3D78c1e02ba23340e75a9d4bd86b20a1445=
26ee714da2d9e5b1f5bcb1312db256b&amp;req=3DdiAvFsB7moFWUfMW2XS%2FiW4Fz2iNsNN=
CfZlXoK2tWZTD6P8dpKQ%3D%0A" width=3D"564" style=3D"outline: none; text-deco=
ration: none; -ms-interpolation-mode: bicubic; width: auto; max-width: 100%=
; clear: both; display: block;"></div>=0D=0A<p style=3D"color: #0a0a0a; fon=
t-family: Helvetica, Arial, sans-serif; font-weight: normal; text-align: le=
ft; line-height: 130%; font-size: 16px; margin: 0 0 10px; padding: 0;" alig=
n=3D"left">=F0=9F=94=BC Gainers </p>=0D=0A<p style=3D"color: #0a0a0a; font-=
family: Helvetica, Arial, sans-serif; font-weight: normal; text-align: left=
; line-height: 130%; font-size: 16px; margin: 0 0 10px; padding: 0;" align=
=3D"left">=E2=80=A2 Mantra (OM): +28.9%</p>=0D=0A<p style=3D"color: #0a0a0a=
; font-family: Helvetica, Arial, sans-serif; font-weight: normal; text-alig=
n: left; line-height: 130%; font-size: 16px; margin: 0 0 10px; padding: 0;"=
 align=3D"left">=E2=80=A2 Pol (POL): +21.2%</p>=0D=0A<p style=3D"color: #0a=
0a0a; font-family: Helvetica, Arial, sans-serif; font-weight: normal; text-=
align: left; line-height: 130%; font-size: 16px; margin: 0 0 10px; padding:=
 0;" align=3D"left">=E2=80=A2 Jito (JTO): +20.9%</p>=0D=0A<p style=3D"color=
: #0a0a0a; font-family: Helvetica, Arial, sans-serif; font-weight: normal; =
text-align: left; line-height: 130%; font-size: 16px; margin: 0 0 10px; pad=
ding: 0;" align=3D"left">=F0=9F=94=BD Losers:</p>=0D=0A<p style=3D"color: #=
0a0a0a; font-family: Helvetica, Arial, sans-serif; font-weight: normal; tex=
t-align: left; line-height: 130%; font-size: 16px; margin: 0 0 10px; paddin=
g: 0;" align=3D"left">=E2=80=A2 Berachain (BERA): -36.5%</p>=0D=0A<p style=
=3D"color: #0a0a0a; font-family: Helvetica, Arial, sans-serif; font-weight:=
 normal; text-align: left; line-height: 130%; font-size: 16px; margin: 0 0 =
10px; padding: 0;" align=3D"left">=E2=80=A2 Flow (FLOW): -26.6%</p>=0D=0A<p=
 style=3D"color: #0a0a0a; font-family: Helvetica, Arial, sans-serif; font-w=
eight: normal; text-align: left; line-height: 130%; font-size: 16px; margin=
: 0 0 10px; padding: 0;" align=3D"left">=E2=80=A2 Axie Infinity (AXS): -18.=
5%</p>=0D=0A<div class=3D"intercom-container"><img src=3D"https://wayex-1eb=
ef8f94122.intercom-mail.com/i/o/mfj0shyv/2080957680/23838118ab31ae2ba7c01bc=
043a6/0219+FEAR+AND+GREED.jpg=3Fexpires=3D1790857026&amp;signature=3D119caf=
f94529ac20ff1701a0d68214c2cc2a3ac2bbd95ec16808b092722bc3e3&amp;req=3DdiAvFs=
B7modXWfMW2XS%2FiSqH3ZcaMvaOF7R1X36Zsayr%2BoQNB1k%3D%0A" width=3D"564" styl=
e=3D"outline: none; text-decoration: none; -ms-interpolation-mode: bicubic;=
 width: auto; max-width: 100%; clear: both; display: block;"></div>=0D=0A<p=
 style=3D"color: #0a0a0a; font-family: Helvetica, Arial, sans-serif; font-w=
eight: normal; text-align: left; line-height: 130%; font-size: 16px; margin=
: 0 0 10px; padding: 0;" align=3D"left"><br>=E2=80=8B</p>=0D=0A<p style=3D"=
color: #0a0a0a; font-family: Helvetica, Arial, sans-serif; font-weight: nor=
mal; text-align: left; line-height: 130%; font-size: 16px; margin: 0 0 10px=
; padding: 0;" align=3D"left">Market sentiment=3F Currently =E2=80=9CExtrem=
e Fear=E2=80=9D. </p>=0D=0A<div class=3D"intercom-spacer-container">=0D=0A<=
table class=3D"spacer" role=3D"presentation" style=3D"border-spacing: 0; bo=
rder-collapse: collapse; vertical-align: top; text-align: left; width: 100%=
; padding: 0;"><tbody><tr style=3D"vertical-align: top; text-align: left; p=
adding: 0;" align=3D"left">=0D=0A<td height=3D"20" style=3D"font-size: 20px=
; line-height: 20px; word-wrap: break-word; -moz-hyphens: auto; hyphens: au=
to; border-collapse: collapse !important; vertical-align: top; text-align: =
left; color: #0a0a0a; font-family: Helvetica, Arial, sans-serif; font-weigh=
t: normal; margin: 0; padding: 0;" align=3D"left" valign=3D"top"></td>=0D=
=0A</tr></tbody></table>=0D=0A</div>=0D=0A<div class=3D"intercom-divider-co=
ntainer">=0D=0A<table width=3D"100%" role=3D"presentation" style=3D"border-=
spacing: 0; border-collapse: collapse; vertical-align: top; text-align: lef=
t; padding: 0;"><tbody><tr style=3D"vertical-align: top; text-align: left; =
padding: 0;" align=3D"left"><td style=3D"word-wrap: break-word; -moz-hyphen=
s: auto; hyphens: auto; border-collapse: collapse !important; vertical-alig=
n: top; text-align: left; color: #0a0a0a; font-family: Helvetica, Arial, sa=
ns-serif; font-weight: normal; line-height: 130%; font-size: 16px; margin: =
0; padding: 10px 0;" align=3D"left" valign=3D"top">=0D=0A<table class=3D"di=
vider" role=3D"presentation" align=3D"center" width=3D"100%" style=3D"borde=
r-top-width: 2px; border-top-color: #222222; border-top-style: solid; borde=
r-spacing: 0; border-collapse: collapse; vertical-align: top; text-align: l=
eft; padding: 0;"><tbody><tr style=3D"vertical-align: top; text-align: left=
; padding: 0;" align=3D"left"><td style=3D"word-wrap: break-word; -moz-hyph=
ens: auto; hyphens: auto; border-collapse: collapse !important; vertical-al=
ign: top; text-align: left; color: #0a0a0a; font-family: Helvetica, Arial, =
sans-serif; font-weight: normal; line-height: 130%; font-size: 16px; margin=
: 0; padding: 1px 0 0;" align=3D"left" valign=3D"top">=0D=0A</td></tr></tbo=
dy></table>=0D=0A</td></tr></tbody></table>=0D=0A</div>=0D=0A<h2 id=3D"h_bd=
c8fe51f9" style=3D"color: inherit; font-family: Helvetica, Arial, sans-seri=
f; font-weight: normal; text-align: left; line-height: 130%; word-wrap: nor=
mal; font-size: 25px; margin: 0 0 10px; padding: 0;" align=3D"left"><b>Bitc=
oin Drops 22% as European ETF Investors Hold Steady, US Flows Turn Negative=
</b></h2>=0D=0A<p style=3D"color: #0a0a0a; font-family: Helvetica, Arial, s=
ans-serif; font-weight: normal; text-align: left; line-height: 130%; font-s=
ize: 16px; margin: 0 0 10px; padding: 0;" align=3D"left">Bitcoin has starte=
d the year with a sharp decline, dropping more than 22% and briefly falling=
 below US$70,000 (AU$99,935) to levels last seen in late 2024. European dig=
ital asset ETF flows turned negative during January's peak volatility but <=
a href=3D"https://wayex-1ebef8f94122.intercom-clicks.com/via/e=3Fob=3DvbIfq=
oXQiVt6%2Bs6dT3xaZvMthbwsEJaEZ6SC6IAo5%2F26Mf8ndt3i%2BkV5gBeWPvGJ6uVQA6iZ4b=
%2FEXUvPcs%2FxDh4YTR%2BVCpRZJj0oO7d%2Bgfnk9SRPgGdAedi5wylbbRpnnF1oJn6qfMPiu=
r3R7FDQOw%3D%3D&h=3Dc72205b6a239d9eb9df4addf0f6077a388747d94-mfj0shyv_21547=
3160606889&l=3D1629431aaeaf21169f6d93af2d6a1b46aeb331cc-199481369" target=
=3D"_blank" class=3D"intercom-content-link" style=3D"color: #165fc6; font-f=
amily: Helvetica, Arial, sans-serif; font-weight: normal; text-align: left;=
 line-height: 130%; text-decoration: none; margin: 0; padding: 0;">quickly =
recovered with two consecutive weeks of net inflows</a> in February, even a=
s Bitcoin showed little sign of rebounding. In contrast, US ETF outflows ha=
ve remained negative since late January, with combined US and European flow=
s still in the red year-to-date.</p>=0D=0A<div class=3D"intercom-button-con=
tainer"><table class=3D"button radius intercom-align-center" align=3D"cente=
r" role=3D"presentation" style=3D"border-spacing: 0; border-collapse: colla=
pse; vertical-align: top; text-align: center !important; width: auto; margi=
n: 0 auto 16px; padding: 0;"><tbody><tr style=3D"vertical-align: top; text-=
align: left; padding: 0;" align=3D"left"><td style=3D"word-wrap: break-word=
; -moz-hyphens: auto; hyphens: auto; border-collapse: collapse !important; =
vertical-align: top; text-align: left; color: #0a0a0a; font-family: Helveti=
ca, Arial, sans-serif; font-weight: normal; line-height: 130%; font-size: 1=
6px; margin: 0; padding: 0;" align=3D"left" valign=3D"top"><table role=3D"p=
resentation" style=3D"border-spacing: 0; border-collapse: collapse; vertica=
l-align: top; text-align: left; padding: 0;"><tbody><tr style=3D"vertical-a=
lign: top; text-align: left; padding: 0;" align=3D"left"><td style=3D"word-=
wrap: break-word; -moz-hyphens: auto; hyphens: auto; border-collapse: colla=
pse !important; vertical-align: top; text-align: left; color: #ffffff; font=
-family: Helvetica, Arial, sans-serif; font-weight: normal; line-height: 10=
0%; font-size: 16px; background-color: transparent; border-radius: 3px; mso=
-shading: #2199e8; margin: 0; padding: 0; border: 1px none rgba(0,0,0,0.2);=
" align=3D"left" bgcolor=3D"transparent" valign=3D"top"><a class=3D"interco=
m-foundation-button" style=3D"color: #FFF; font-family: Helvetica, Arial, s=
ans-serif; font-weight: bold; text-align: left; line-height: 130%; text-dec=
oration: none; font-size: 14px; display: inline-block; border-radius: 3px; =
background-color: #2199e8; margin: 0 0 8px; padding: 5px 80px; border: 2px =
solid #2199e8;" target=3D"_blank" href=3D"https://wayex-1ebef8f94122.interc=
om-clicks.com/via/e=3Fob=3D3FO1BBHSWAnnqWxm5o2IDjJtQbzwdLtdhJC2JQ9MF%2FMnUt=
CAcJwfnEyi%2FOZiJk1Ew2%2FrnULCHvqrSfQYZOIkXFO9IguiovNOmeyLk09tcxYkERlHll7nA=
w2eKrzePsIH&h=3D8bddec46781e3f7ac45bf1c409a3c538edff004d-mfj0shyv_215473160=
606889&l=3D019d468e2e7f154d5c1c6ef01d7e6a6dc4c9b6b1-199481370">Read more</a=
></td></tr></tbody></table></td></tr></tbody></table></div>=0D=0A<div class=
=3D"intercom-divider-container">=0D=0A<table width=3D"100%" role=3D"present=
ation" style=3D"border-spacing: 0; border-collapse: collapse; vertical-alig=
n: top; text-align: left; padding: 0;"><tbody><tr style=3D"vertical-align: =
top; text-align: left; padding: 0;" align=3D"left"><td style=3D"word-wrap: =
break-word; -moz-hyphens: auto; hyphens: auto; border-collapse: collapse !i=
mportant; vertical-align: top; text-align: left; color: #0a0a0a; font-famil=
y: Helvetica, Arial, sans-serif; font-weight: normal; line-height: 130%; fo=
nt-size: 16px; margin: 0; padding: 10px 0;" align=3D"left" valign=3D"top">=
=0D=0A<table class=3D"divider" role=3D"presentation" align=3D"center" width=
=3D"100%" style=3D"border-top-width: 2px; border-top-color: #222222; border=
-top-style: solid; border-spacing: 0; border-collapse: collapse; vertical-a=
lign: top; text-align: left; padding: 0;"><tbody><tr style=3D"vertical-alig=
n: top; text-align: left; padding: 0;" align=3D"left"><td style=3D"word-wra=
p: break-word; -moz-hyphens: auto; hyphens: auto; border-collapse: collapse=
 !important; vertical-align: top; text-align: left; color: #0a0a0a; font-fa=
mily: Helvetica, Arial, sans-serif; font-weight: normal; line-height: 130%;=
 font-size: 16px; margin: 0; padding: 1px 0 0;" align=3D"left" valign=3D"to=
p">=0D=0A</td></tr></tbody></table>=0D=0A</td></tr></tbody></table>=0D=0A</=
div>=0D=0A<h2 id=3D"h_42f1dccec8" style=3D"color: inherit; font-family: Hel=
vetica, Arial, sans-serif; font-weight: normal; text-align: left; line-heig=
ht: 130%; word-wrap: normal; font-size: 25px; margin: 0 0 10px; padding: 0;=
" align=3D"left"><b>Vitalik Buterin Calls Out Prediction Markets for Priori=
tising "Dopamine Value" Over Utility</b></h2>=0D=0A<p style=3D"color: #0a0a=
0a; font-family: Helvetica, Arial, sans-serif; font-weight: normal; text-al=
ign: left; line-height: 130%; font-size: 16px; margin: 0 0 10px; padding: 0=
;" align=3D"left">Ethereum co-founder Vitalik Buterin has criticised predic=
tion markets for "over-converging" on cryptocurrency price speculation and =
sports wagering, describing the trend as a slide towards "<a href=3D"https:=
//wayex-1ebef8f94122.intercom-clicks.com/via/e=3Fob=3DMM33JOpRa%2Btp%2F2T%2=
Bu%2FgO%2FEjqw27%2F8y2gyaoBsb8NxQFLgblBex%2FKaaTizlI3AfqDVCjLXGMTUPyg21kZEy=
CLGw%3D%3D&h=3Dfec84068993674bfc3a6a654cf67371c9bdeb94f-mfj0shyv_2154731606=
06889&l=3D1e815763696246c65020535a9aacc16450125fad-199481371" target=3D"_bl=
ank" class=3D"intercom-content-link" style=3D"color: #165fc6; font-family: =
Helvetica, Arial, sans-serif; font-weight: normal; text-align: left; line-h=
eight: 130%; text-decoration: none; margin: 0; padding: 0;">corposlop</a>" =
that prioritises short-term engagement over long-term societal benefit. Whe=
n challenged by a user who argued financially desperate people gamble by de=
fault, Buterin replied bluntly: "Yeah, and encouraging financially desperat=
e people to gamble is bad because the likely outcome is that they become ev=
en more financially desperate". He proposed <a href=3D"https://wayex-1ebef8=
f94122.intercom-clicks.com/via/e=3Fob=3DTDtJZB9xkwAy%2BEvfnsJlgDcvVLhtzc5VA=
oegJc0Svxn1fH6jFuw4o5kAIUZYuoBk49nZk0YtZQ5PqtF64Js9pkbbINKH9Jymxhx14QPf6Phc=
9g9IdY7cPmsVh9nFTk7N&h=3Da1c7b9e4e3c7d5a6fa70ffd8bfbe3cae4cdfb147-mfj0shyv_=
215473160606889&l=3D6994b599f9bbd6f70159e86d547a85ab64c3775c-199481372" tar=
get=3D"_blank" class=3D"intercom-content-link" style=3D"color: #165fc6; fon=
t-family: Helvetica, Arial, sans-serif; font-weight: normal; text-align: le=
ft; line-height: 130%; text-decoration: none; margin: 0; padding: 0;">repos=
itioning prediction markets as hedging tools</a> and suggested moving away =
from US dollar-backed stablecoins towards personalised baskets tied to expe=
cted expenses.</p>=0D=0A<div class=3D"intercom-divider-container">=0D=0A<ta=
ble width=3D"100%" role=3D"presentation" style=3D"border-spacing: 0; border=
-collapse: collapse; vertical-align: top; text-align: left; padding: 0;"><t=
body><tr style=3D"vertical-align: top; text-align: left; padding: 0;" align=
=3D"left"><td style=3D"word-wrap: break-word; -moz-hyphens: auto; hyphens: =
auto; border-collapse: collapse !important; vertical-align: top; text-align=
: left; color: #0a0a0a; font-family: Helvetica, Arial, sans-serif; font-wei=
ght: normal; line-height: 130%; font-size: 16px; margin: 0; padding: 10px 0=
;" align=3D"left" valign=3D"top">=0D=0A<table class=3D"divider" role=3D"pre=
sentation" align=3D"center" width=3D"100%" style=3D"border-top-width: 2px; =
border-top-color: #222222; border-top-style: solid; border-spacing: 0; bord=
er-collapse: collapse; vertical-align: top; text-align: left; padding: 0;">=
<tbody><tr style=3D"vertical-align: top; text-align: left; padding: 0;" ali=
gn=3D"left"><td style=3D"word-wrap: break-word; -moz-hyphens: auto; hyphens=
: auto; border-collapse: collapse !important; vertical-align: top; text-ali=
gn: left; color: #0a0a0a; font-family: Helvetica, Arial, sans-serif; font-w=
eight: normal; line-height: 130%; font-size: 16px; margin: 0; padding: 1px =
0 0;" align=3D"left" valign=3D"top">=0D=0A</td></tr></tbody></table>=0D=0A<=
/td></tr></tbody></table>=0D=0A</div>=0D=0A<h2 id=3D"h_75728c8072" style=3D=
"color: inherit; font-family: Helvetica, Arial, sans-serif; font-weight: no=
rmal; text-align: left; line-height: 130%; word-wrap: normal; font-size: 25=
px; margin: 0 0 10px; padding: 0;" align=3D"left"><b>CLARITY Act Inches Clo=
ser to Passage with 80% Probability by April, Says Ripple CEO</b></h2>=0D=
=0A<p style=3D"color: #0a0a0a; font-family: Helvetica, Arial, sans-serif; f=
ont-weight: normal; text-align: left; line-height: 130%; font-size: 16px; m=
argin: 0 0 10px; padding: 0;" align=3D"left">Ripple CEO Brad Garlinghouse h=
as predicted an <a href=3D"https://wayex-1ebef8f94122.intercom-clicks.com/v=
ia/e=3Fob=3D8SqdplybS0cG%2FxNvC7NFEg2A%2BkVWfBTJ%2Be4pEzMwfal7sTGyoYwAh149l=
J7bbk2DyaYIy9nPeCp5qwjX%2F7FI8hnGLviT77hShRe4yDusYLkgGNbSChsvCHUNKMdFc0trR%=
2B%2FoP0kqQLsaXs0SeJz14Q%3D%3D&h=3Dcd773add3bf78312c8e963dc99fb26079148df11=
-mfj0shyv_215473160606889&l=3De5e28a8463e8e67be0afb35cf7ca1da75710eaca-1994=
81373" target=3D"_blank" class=3D"intercom-content-link" style=3D"color: #1=
65fc6; font-family: Helvetica, Arial, sans-serif; font-weight: normal; text=
-align: left; line-height: 130%; text-decoration: none; margin: 0; padding:=
 0;">80% chance the CLARITY Act will pass</a> by the end of April, despite =
ongoing friction over the stablecoin yield provision that caused Coinbase t=
o withdraw its support. US Treasury Secretary Scott Bessent said passing th=
e bill would provide "great comfort to the market" amid ongoing volatility,=
 with the White House setting February as a critical month for resolving ou=
tstanding issues. Polymarket traders are currently pricing in a <a href=3D"=
https://wayex-1ebef8f94122.intercom-clicks.com/via/e=3Fob=3DRZHeMoVZYMrXKWJ=
x83u3QU7cF2VlXDuFy5p4Q6WZuXzEUWVOpG%2FikwADe1LMNljNRhiWjGLfElxmyhtz4vU0TVah=
DnUHhnzaQcmakZey3NU%3D&h=3D854683e0756cc3501a5209e20857f4b6a4e41249-mfj0shy=
v_215473160606889&l=3Df623e71fd1d864e433558da49008ce4f6f4abb9d-199481374" t=
arget=3D"_blank" class=3D"intercom-content-link" style=3D"color: #165fc6; f=
ont-family: Helvetica, Arial, sans-serif; font-weight: normal; text-align: =
left; line-height: 130%; text-decoration: none; margin: 0; padding: 0;">62%=
 chance of passage</a> following upcoming meetings, though Bessent warned t=
he coalition could collapse if Democrats take control of the House in Novem=
ber.</p>=0D=0A<div class=3D"intercom-divider-container">=0D=0A<table width=
=3D"100%" role=3D"presentation" style=3D"border-spacing: 0; border-collapse=
: collapse; vertical-align: top; text-align: left; padding: 0;"><tbody><tr =
style=3D"vertical-align: top; text-align: left; padding: 0;" align=3D"left"=
><td style=3D"word-wrap: break-word; -moz-hyphens: auto; hyphens: auto; bor=
der-collapse: collapse !important; vertical-align: top; text-align: left; c=
olor: #0a0a0a; font-family: Helvetica, Arial, sans-serif; font-weight: norm=
al; line-height: 130%; font-size: 16px; margin: 0; padding: 10px 0;" align=
=3D"left" valign=3D"top">=0D=0A<table class=3D"divider" role=3D"presentatio=
n" align=3D"center" width=3D"100%" style=3D"border-top-width: 2px; border-t=
op-color: #222222; border-top-style: solid; border-spacing: 0; border-colla=
pse: collapse; vertical-align: top; text-align: left; padding: 0;"><tbody><=
tr style=3D"vertical-align: top; text-align: left; padding: 0;" align=3D"le=
ft"><td style=3D"word-wrap: break-word; -moz-hyphens: auto; hyphens: auto; =
border-collapse: collapse !important; vertical-align: top; text-align: left=
; color: #0a0a0a; font-family: Helvetica, Arial, sans-serif; font-weight: n=
ormal; line-height: 130%; font-size: 16px; margin: 0; padding: 1px 0 0;" al=
ign=3D"left" valign=3D"top">=0D=0A</td></tr></tbody></table>=0D=0A</td></tr=
></tbody></table>=0D=0A</div>=0D=0A<h2 id=3D"h_2b377280d6" style=3D"color: =
inherit; font-family: Helvetica, Arial, sans-serif; font-weight: normal; te=
xt-align: left; line-height: 130%; word-wrap: normal; font-size: 25px; marg=
in: 0 0 10px; padding: 0;" align=3D"left"><b>Dragonfly Capital Closes US$65=
0M Fund Targeting Real-World Assets and Financial Infrastructure</b></h2>=
=0D=0A<p style=3D"color: #0a0a0a; font-family: Helvetica, Arial, sans-serif=
; font-weight: normal; text-align: left; line-height: 130%; font-size: 16px=
; margin: 0 0 10px; padding: 0;" align=3D"left">Crypto venture capital firm=
 Dragonfly Capital has closed its fourth fund,<a href=3D"https://wayex-1ebe=
f8f94122.intercom-clicks.com/via/e=3Fob=3DZpURdhoOrcEjsP3DzufXqzBf%2B2%2F51=
dwBSJs4Oa9JVHIkPgUHOru5pFAOkNYy%2FWgcBF02jy6k7tMJcc%2FpaOsvGlTOifwiQQiEcTA%=
2BxOntF1TrhcWrQcsN46kQ3TBytT0krvzPFii3meHyZSvmH%2BBgQMwArb4Mvf4O59RAf0t53lg=
OBGvTaPk2Bc2axxt3MV3%2BAXcf%2FT5yd3T99z00xJIu8w%3D%3D&h=3D9191a9d95e2fdb85f=
e484558cd40d529d10d6111-mfj0shyv_215473160606889&l=3D78023d6efd6efe38121130=
22c329e269f8d30c5c-199481375" target=3D"_blank" class=3D"intercom-content-l=
ink" style=3D"color: #165fc6; font-family: Helvetica, Arial, sans-serif; fo=
nt-weight: normal; text-align: left; line-height: 130%; text-decoration: no=
ne; margin: 0; padding: 0;"> raising US$650 (AU$923) million</a> to invest =
in traditional financial products built on blockchain rails, including cred=
it card-like services, money market-style funds, and tokens tied to real-wo=
rld assets such as stocks and private credit. "This is the biggest meta shi=
ft I can feel in my entire time in the industry," said Tom Schmidt, a gener=
al partner at Dragonfly, with the fundraising coming after what the firm de=
scribed as a "mass extinction event" in the crypto VC ecosystem. Last month=
 alone, 111 crypto companies raised a combined US$2.5 (AU$3.54) billion acr=
oss IPOs, PIPEs, debt and equity offerings, signalling institutional capita=
l is returning through different channels with a focus on stablecoin infras=
tructure, institutional custody, and trading platforms rather than layer-1 =
blockchains and consumer apps.</p>=0D=0A<div class=3D"intercom-divider-cont=
ainer">=0D=0A<table width=3D"100%" role=3D"presentation" style=3D"border-sp=
acing: 0; border-collapse: collapse; vertical-align: top; text-align: left;=
 padding: 0;"><tbody><tr style=3D"vertical-align: top; text-align: left; pa=
dding: 0;" align=3D"left"><td style=3D"word-wrap: break-word; -moz-hyphens:=
 auto; hyphens: auto; border-collapse: collapse !important; vertical-align:=
 top; text-align: left; color: #0a0a0a; font-family: Helvetica, Arial, sans=
-serif; font-weight: normal; line-height: 130%; font-size: 16px; margin: 0;=
 padding: 10px 0;" align=3D"left" valign=3D"top">=0D=0A<table class=3D"divi=
der" role=3D"presentation" align=3D"center" width=3D"100%" style=3D"border-=
top-width: 2px; border-top-color: #222222; border-top-style: solid; border-=
spacing: 0; border-collapse: collapse; vertical-align: top; text-align: lef=
t; padding: 0;"><tbody><tr style=3D"vertical-align: top; text-align: left; =
padding: 0;" align=3D"left"><td style=3D"word-wrap: break-word; -moz-hyphen=
s: auto; hyphens: auto; border-collapse: collapse !important; vertical-alig=
n: top; text-align: left; color: #0a0a0a; font-family: Helvetica, Arial, sa=
ns-serif; font-weight: normal; line-height: 130%; font-size: 16px; margin: =
0; padding: 1px 0 0;" align=3D"left" valign=3D"top">=0D=0A</td></tr></tbody=
></table>=0D=0A</td></tr></tbody></table>=0D=0A</div>=0D=0A<h2 id=3D"h_d85d=
1ddaf5" style=3D"color: inherit; font-family: Helvetica, Arial, sans-serif;=
 font-weight: normal; text-align: left; line-height: 130%; word-wrap: norma=
l; font-size: 25px; margin: 0 0 10px; padding: 0;" align=3D"left"><b>Elemen=
tal Royalty Becomes First Public Gold Company to Pay Dividends in Tokenised=
 Gold</b></h2>=0D=0A<p style=3D"color: #0a0a0a; font-family: Helvetica, Ari=
al, sans-serif; font-weight: normal; text-align: left; line-height: 130%; f=
ont-size: 16px; margin: 0 0 10px; padding: 0;" align=3D"left">Elemental Roy=
alty Corporation (ELE) has become the first publicly listed gold company to=
 offer shareholders the option to <a href=3D"https://wayex-1ebef8f94122.int=
ercom-clicks.com/via/e=3Fob=3D1rnCdY7eM%2BOg2GNhFt7ht4nfSJTRLP%2FRRyDtWE5RG=
uS5w%2FcBJ1OfbhlpnDoRO1jL55cPfiF8E%2Bi8lmvJ5WsDhDmQlQjzxbqZBSCXuULiWGbUfSI8=
Im3haJWcOO8hM0ZT8QuUpM1h%2FHtyXyhjlrm31N5nGNhU93PlPW9e6YtX4lQ%3D&h=3D4a7271=
564c478deabfb576bae38eccafec17cb47-mfj0shyv_215473160606889&l=3De8a8f609fda=
fd7d609b42c0c20a6039738be1d9e-199481376" target=3D"_blank" class=3D"interco=
m-content-link" style=3D"color: #165fc6; font-family: Helvetica, Arial, san=
s-serif; font-weight: normal; text-align: left; line-height: 130%; text-dec=
oration: none; margin: 0; padding: 0;">receive dividends in Tether Gold</a>=
 (XAUT), a blockchain-based stablecoin backed by physical gold, rather than=
 fiat money. The move comes after Tether bought one-third of Elemental last=
 year and reflects the rapid growth of gold-backed tokens, with the total m=
arket for tokenised gold surpassing US$5 (AU$7.1) billion. XAUT currently l=
eads the sector in both volume and supply, with much of this growth driven =
by retail investors seeking exposure to gold without relying on traditional=
 custodians or intermediaries.</p>=0D=0A<div class=3D"intercom-divider-cont=
ainer">=0D=0A<table width=3D"100%" role=3D"presentation" style=3D"border-sp=
acing: 0; border-collapse: collapse; vertical-align: top; text-align: left;=
 padding: 0;"><tbody><tr style=3D"vertical-align: top; text-align: left; pa=
dding: 0;" align=3D"left"><td style=3D"word-wrap: break-word; -moz-hyphens:=
 auto; hyphens: auto; border-collapse: collapse !important; vertical-align:=
 top; text-align: left; color: #0a0a0a; font-family: Helvetica, Arial, sans=
-serif; font-weight: normal; line-height: 130%; font-size: 16px; margin: 0;=
 padding: 10px 0;" align=3D"left" valign=3D"top">=0D=0A<table class=3D"divi=
der" role=3D"presentation" align=3D"center" width=3D"100%" style=3D"border-=
top-width: 2px; border-top-color: #222222; border-top-style: solid; border-=
spacing: 0; border-collapse: collapse; vertical-align: top; text-align: lef=
t; padding: 0;"><tbody><tr style=3D"vertical-align: top; text-align: left; =
padding: 0;" align=3D"left"><td style=3D"word-wrap: break-word; -moz-hyphen=
s: auto; hyphens: auto; border-collapse: collapse !important; vertical-alig=
n: top; text-align: left; color: #0a0a0a; font-family: Helvetica, Arial, sa=
ns-serif; font-weight: normal; line-height: 130%; font-size: 16px; margin: =
0; padding: 1px 0 0;" align=3D"left" valign=3D"top">=0D=0A</td></tr></tbody=
></table>=0D=0A</td></tr></tbody></table>=0D=0A</div>=0D=0A<h2 id=3D"h_db70=
a34d71" style=3D"color: inherit; font-family: Helvetica, Arial, sans-serif;=
 font-weight: normal; text-align: left; line-height: 130%; word-wrap: norma=
l; font-size: 25px; margin: 0 0 10px; padding: 0;" align=3D"left"><b>Stripe=
-Owned Bridge Secures Conditional Approval for National Trust Banking Chart=
er</b></h2>=0D=0A<p style=3D"color: #0a0a0a; font-family: Helvetica, Arial,=
 sans-serif; font-weight: normal; text-align: left; line-height: 130%; font=
-size: 16px; margin: 0 0 10px; padding: 0;" align=3D"left">Bridge, the stab=
lecoin company acquired by payments giant Stripe, has been g<a href=3D"http=
s://wayex-1ebef8f94122.intercom-clicks.com/via/e=3Fob=3DWw524W8qxZckBvx%2Fw=
I4IXSRifjzCTbOYc2Dp6Gg7J6hc1iIT3QczmSx0gFbWdHoZ8O5H8tq6RNGUrlvlEqbxosv12IHY=
3nWKV54GSlxveLUAiMrUu0YW1f81msMjOu8EmPdLWce5447fCT9jQvPkZyf5uSsmZY6gD055nYD=
U0UAKkhVtsJX00Zp2JXiklB69M2utHt03SGbbRrT%2FlyH1bxJmbaeVOELaM2OY2YbT57efZTxf=
r82v8JnCQmWkcnyBcjLvG2MTzkDCSKBNBRKfKZA12144ZkMJpiFFpM6Qmi9c2E%2FfoiuwXlrT%=
2F6D6xz6RPGSjiAzA1DlTy5V%2FNAtrn0WRnOAK52LOo6BO9MaQxBySI2GYpI%2BkC28l9ly%2B=
WmC5Ai5uEXfRTLlAUzEI2ahdHlAOICFmh2W2K7j%2BhT1lrfRkSwnmsKVJci19o2jo7eDV&h=3D=
3d8b6caec7b4916337deed1071be82f8960aa39b-mfj0shyv_215473160606889&l=3Ddb36a=
37d2ad6ade67d5aa500b7be1897daaf3f6c-199481377" target=3D"_blank" class=3D"i=
ntercom-content-link" style=3D"color: #165fc6; font-family: Helvetica, Aria=
l, sans-serif; font-weight: normal; text-align: left; line-height: 130%; te=
xt-decoration: none; margin: 0; padding: 0;">ranted conditional approval</a=
> from the Office of the Comptroller of the Currency (OCC) for a national t=
rust banking charter, allowing it to custody digital assets, offer and issu=
e stablecoins, and operate stablecoin reserves upon full approval. "Stablec=
oins are becoming core financial infrastructure. Institutions need regulato=
ry clarity, operational resilience, and scalable systems to build with conf=
idence. A national trust bank establishes that foundation," the firm posted=
 on X. The approval follows similar conditional charters granted to Circle,=
 Ripple, and Paxos in December, though traditional banking lobbyists have u=
rged regulators to slow charter-granting decisions amid the rush of crypto-=
related applications.</p>=0D=0A<div class=3D"intercom-divider-container">=
=0D=0A<table width=3D"100%" role=3D"presentation" style=3D"border-spacing: =
0; border-collapse: collapse; vertical-align: top; text-align: left; paddin=
g: 0;"><tbody><tr style=3D"vertical-align: top; text-align: left; padding: =
0;" align=3D"left"><td style=3D"word-wrap: break-word; -moz-hyphens: auto; =
hyphens: auto; border-collapse: collapse !important; vertical-align: top; t=
ext-align: left; color: #0a0a0a; font-family: Helvetica, Arial, sans-serif;=
 font-weight: normal; line-height: 130%; font-size: 16px; margin: 0; paddin=
g: 10px 0;" align=3D"left" valign=3D"top">=0D=0A<table class=3D"divider" ro=
le=3D"presentation" align=3D"center" width=3D"100%" style=3D"border-top-wid=
th: 2px; border-top-color: #222222; border-top-style: solid; border-spacing=
: 0; border-collapse: collapse; vertical-align: top; text-align: left; padd=
ing: 0;"><tbody><tr style=3D"vertical-align: top; text-align: left; padding=
: 0;" align=3D"left"><td style=3D"word-wrap: break-word; -moz-hyphens: auto=
; hyphens: auto; border-collapse: collapse !important; vertical-align: top;=
 text-align: left; color: #0a0a0a; font-family: Helvetica, Arial, sans-seri=
f; font-weight: normal; line-height: 130%; font-size: 16px; margin: 0; padd=
ing: 1px 0 0;" align=3D"left" valign=3D"top">=0D=0A</td></tr></tbody></tabl=
e>=0D=0A</td></tr></tbody></table>=0D=0A</div>=0D=0A<h2 id=3D"h_3fb9cc96ee"=
 style=3D"color: inherit; font-family: Helvetica, Arial, sans-serif; font-w=
eight: normal; text-align: left; line-height: 130%; word-wrap: normal; font=
-size: 25px; margin: 0 0 10px; padding: 0;" align=3D"left"><b>Steak 'n Shak=
e Reports "Dramatic" Sales Growth Since Accepting Bitcoin Payments</b></h2>=
=0D=0A<p style=3D"color: #0a0a0a; font-family: Helvetica, Arial, sans-serif=
; font-weight: normal; text-align: left; line-height: 130%; font-size: 16px=
; margin: 0 0 10px; padding: 0;" align=3D"left">U.S. fast-food chain Steak =
'n Shake reported that same-store sales have risen "dramatically" since it =
began accepting Bitcoin payments in May 2025, with Q2 2025 growth of 11% an=
d Q3 2025 growth of 15%, outpacing major competitors including McDonald's, =
Domino's, and Taco Bell. All Bitcoin collected at participating locations f=
lows directly into the company's Strategic Bitcoin Reserve, which has grown=
 to <a href=3D"https://wayex-1ebef8f94122.intercom-clicks.com/via/e=3Fob=3D=
ybZHRas%2BHVo8Y5qB%2BrruG4p6eXlfApBRklzLhm9UdkCp6g%2BOdweUSOoIxSGocsiKw0CUe=
lowoX5%2BJQ32IVo2z6Cl4ksYlytSEVmsioKcobwQYL14lk8uyYAYogWGlUKKxCPF28l27gIk%2=
BSXnJ32YsA%3D%3D&h=3D49302f410251d99d44b35e5161ca4b82a79b3d49-mfj0shyv_2154=
73160606889&l=3D5e76a1c2eacba849506b55d6e66e4dab3beec2dd-199481378" target=
=3D"_blank" class=3D"intercom-content-link" style=3D"color: #165fc6; font-f=
amily: Helvetica, Arial, sans-serif; font-weight: normal; text-align: left;=
 line-height: 130%; text-decoration: none; margin: 0; padding: 0;">approxim=
ately 161.6 Bitcoin</a>, currently valued at around US$10.96 (AU$15.6) mill=
ion, though the reserve is carrying an unrealised loss with holdings roughl=
y 26% below the average purchase price of US$92,851 (AU$131,739) per coin. =
Beyond payments, the chain has integrated Bitcoin into its employee compens=
ation structure, paying hourly employees US$0.27 (AU$0.38) in Bitcoin per h=
our worked through a programme with Bitcoin rewards firm Fold, targeting Ge=
n Z and Millennial workers.</p>=0D=0A<div class=3D"intercom-button-containe=
r"><table class=3D"button radius intercom-align-center" align=3D"center" ro=
le=3D"presentation" style=3D"border-spacing: 0; border-collapse: collapse; =
vertical-align: top; text-align: center !important; width: auto; margin: 0 =
auto 16px; padding: 0;"><tbody><tr style=3D"vertical-align: top; text-align=
: left; padding: 0;" align=3D"left"><td style=3D"word-wrap: break-word; -mo=
z-hyphens: auto; hyphens: auto; border-collapse: collapse !important; verti=
cal-align: top; text-align: left; color: #0a0a0a; font-family: Helvetica, A=
rial, sans-serif; font-weight: normal; line-height: 130%; font-size: 16px; =
margin: 0; padding: 0;" align=3D"left" valign=3D"top"><table role=3D"presen=
tation" style=3D"border-spacing: 0; border-collapse: collapse; vertical-ali=
gn: top; text-align: left; padding: 0;"><tbody><tr style=3D"vertical-align:=
 top; text-align: left; padding: 0;" align=3D"left"><td style=3D"color: #FF=
FFFF; word-wrap: break-word; -moz-hyphens: auto; hyphens: auto; border-coll=
apse: collapse !important; vertical-align: top; text-align: left; font-fami=
ly: Helvetica, Arial, sans-serif; font-weight: normal; line-height: 100%; f=
ont-size: 16px; background-color: transparent; border-radius: 3px; mso-shad=
ing: #2199e8; margin: 0; padding: 0; border: 1px none rgba(0,0,0,0.2);" ali=
gn=3D"left" bgcolor=3D"transparent" valign=3D"top"><a class=3D"intercom-fou=
ndation-button" style=3D"color: #FFFFFF; font-family: Helvetica, Arial, san=
s-serif; font-weight: bold; text-align: left; line-height: 130%; text-decor=
ation: none; font-size: 14px; display: inline-block; border-radius: 3px; ba=
ckground-color: #2199e8; margin: 0 0 8px; padding: 5px 80px; border: 2px so=
lid #2199e8;" target=3D"_blank" href=3D"https://wayex-1ebef8f94122.intercom=
-clicks.com/via/e=3Fob=3D3FO1BBHSWAnnqWxm5o2IDjJtQbzwdLtdhJC2JQ9MF%2FMnUtCA=
cJwfnEyi%2FOZiJk1Ew2%2FrnULCHvqrSfQYZOIkXFO9IguiovNOmeyLk09tcxYkERlHll7nAw2=
eKrzePsIH&h=3D8bddec46781e3f7ac45bf1c409a3c538edff004d-mfj0shyv_21547316060=
6889&l=3D019d468e2e7f154d5c1c6ef01d7e6a6dc4c9b6b1-199481370">Read more</a><=
/td></tr></tbody></table></td></tr></tbody></table></div>=0D=0A<div class=
=3D"intercom-divider-container">=0D=0A<table width=3D"100%" role=3D"present=
ation" style=3D"border-spacing: 0; border-collapse: collapse; vertical-alig=
n: top; text-align: left; padding: 0;"><tbody><tr style=3D"vertical-align: =
top; text-align: left; padding: 0;" align=3D"left"><td style=3D"word-wrap: =
break-word; -moz-hyphens: auto; hyphens: auto; border-collapse: collapse !i=
mportant; vertical-align: top; text-align: left; color: #0a0a0a; font-famil=
y: Helvetica, Arial, sans-serif; font-weight: normal; line-height: 130%; fo=
nt-size: 16px; margin: 0; padding: 10px 0;" align=3D"left" valign=3D"top">=
=0D=0A<table class=3D"divider" role=3D"presentation" align=3D"center" width=
=3D"100%" style=3D"border-top-width: 2px; border-top-color: #222222; border=
-top-style: solid; border-spacing: 0; border-collapse: collapse; vertical-a=
lign: top; text-align: left; padding: 0;"><tbody><tr style=3D"vertical-alig=
n: top; text-align: left; padding: 0;" align=3D"left"><td style=3D"word-wra=
p: break-word; -moz-hyphens: auto; hyphens: auto; border-collapse: collapse=
 !important; vertical-align: top; text-align: left; color: #0a0a0a; font-fa=
mily: Helvetica, Arial, sans-serif; font-weight: normal; line-height: 130%;=
 font-size: 16px; margin: 0; padding: 1px 0 0;" align=3D"left" valign=3D"to=
p">=0D=0A</td></tr></tbody></table>=0D=0A</td></tr></tbody></table>=0D=0A</=
div>=0D=0A<h2 id=3D"h_4615238a56" style=3D"color: inherit; font-family: Hel=
vetica, Arial, sans-serif; font-weight: normal; text-align: left; line-heig=
ht: 130%; word-wrap: normal; font-size: 25px; margin: 0 0 10px; padding: 0;=
" align=3D"left"><b>Something That Made Us Laugh This Week! </b></h2>=0D=0A=
<div class=3D"intercom-container intercom-align-center" style=3D"text-align=
: center !important;" align=3D"center"><img src=3D"https://wayex-1ebef8f941=
22.intercom-mail.com/i/o/mfj0shyv/2080959643/6a99dc7b811ae5d98bc61596258b/7=
6cae9de-8ffc-4f77-8092-96d4fb0319e4=3Fexpires=3D1790857026&amp;signature=3D=
cd9b16a8c50c124ef25ccec46ad6129c5ad672a0684d418a6b7d3de4eab5a95c&amp;req=3D=
diAvFsB7lIdbWvMW2XS%2FiZzRVbND1ugwAPiOwLYijhKTyErL2lU%3D%0A" align=3D"cente=
r" style=3D"outline: none; text-decoration: none; -ms-interpolation-mode: b=
icubic; width: auto; max-width: 100%; clear: both; display: block; margin-l=
eft: auto; margin-right: auto;"></div>=0D=0A<div class=3D"intercom-containe=
r intercom-align-center" style=3D"text-align: center !important;" align=3D"=
center"><img src=3D"https://wayex-1ebef8f94122.intercom-mail.com/i/o/mfj0sh=
yv/2080959731/12e220c68c1bb5ff6b7de3e531d1/7e7b9996-f8fa-4fe4-917c-b10a5528=
2a52=3Fexpires=3D1790857026&amp;signature=3D41253a83a6fb803d1a0f329e3096dad=
cd8a942ec94b5537fbfa792ab3d285300&amp;req=3DdiAvFsB7lIZcWPMW2XS%2FiQBSOY3wg=
F7%2B1Hp7o3M%2FBSuBnuvoeYs%3D%0A" align=3D"center" style=3D"outline: none; =
text-decoration: none; -ms-interpolation-mode: bicubic; width: auto; max-wi=
dth: 100%; clear: both; display: block; margin-left: auto; margin-right: au=
to;"></div>=0D=0A<div class=3D"intercom-container intercom-align-center" st=
yle=3D"text-align: center !important;" align=3D"center"><img src=3D"https:/=
/wayex-1ebef8f94122.intercom-mail.com/i/o/mfj0shyv/2080959948/c3c27b9093db6=
f590360feb8d2fa/bd012ccb-3254-4ef9-b98f-00d060a4ae37=3Fexpires=3D1790857026=
&amp;signature=3D80c15560a584be1a92b37363a483780d7150e1c6c216bc838074ea8ef2=
a49f05&amp;req=3DdiAvFsB7lIhbUfMW2XS%2FiZPx%2FOD6Xo2vGYgamxiJUhu9l2MBzt8%3D=
%0A" align=3D"center" width=3D"564" style=3D"outline: none; text-decoration=
: none; -ms-interpolation-mode: bicubic; width: auto; max-width: 100%; clea=
r: both; display: block; margin-left: auto; margin-right: auto;"></div>=0D=
=0A<div class=3D"intercom-container intercom-align-center" style=3D"text-al=
ign: center !important;" align=3D"center"><img src=3D"https://wayex-1ebef8f=
94122.intercom-mail.com/i/o/mfj0shyv/2080960109/d6df2364999b2230807ca291de3=
6/82abea27-12d8-4e2d-a7fd-721bd0db02d4=3Fexpires=3D1790857026&amp;signature=
=3D1f37ea765b24155efdcfef8b210bd67817c85176573678fcff2e3dbe439d2436&amp;req=
=3DdiAvFsB4nYBfUPMW2XS%2FiTI7anEYaWFpWfr2UGZHCTeb0PlNFIM%3D%0A" align=3D"ce=
nter" style=3D"outline: none; text-decoration: none; -ms-interpolation-mode=
: bicubic; width: auto; max-width: 100%; clear: both; display: block; margi=
n-left: auto; margin-right: auto;"></div>=0D=0A<div class=3D"intercom-divid=
er-container">=0D=0A<table width=3D"100%" role=3D"presentation" style=3D"bo=
rder-spacing: 0; border-collapse: collapse; vertical-align: top; text-align=
: left; padding: 0;"><tbody><tr style=3D"vertical-align: top; text-align: l=
eft; padding: 0;" align=3D"left"><td style=3D"word-wrap: break-word; -moz-h=
yphens: auto; hyphens: auto; border-collapse: collapse !important; vertical=
-align: top; text-align: left; color: #0a0a0a; font-family: Helvetica, Aria=
l, sans-serif; font-weight: normal; line-height: 130%; font-size: 16px; mar=
gin: 0; padding: 10px 0;" align=3D"left" valign=3D"top">=0D=0A<table class=
=3D"divider" role=3D"presentation" align=3D"center" width=3D"100%" style=3D=
"border-top-width: 2px; border-top-color: #222222; border-top-style: solid;=
 border-spacing: 0; border-collapse: collapse; vertical-align: top; text-al=
ign: left; padding: 0;"><tbody><tr style=3D"vertical-align: top; text-align=
: left; padding: 0;" align=3D"left"><td style=3D"word-wrap: break-word; -mo=
z-hyphens: auto; hyphens: auto; border-collapse: collapse !important; verti=
cal-align: top; text-align: left; color: #0a0a0a; font-family: Helvetica, A=
rial, sans-serif; font-weight: normal; line-height: 130%; font-size: 16px; =
margin: 0; padding: 1px 0 0;" align=3D"left" valign=3D"top">=0D=0A</td></tr=
></tbody></table>=0D=0A</td></tr></tbody></table>=0D=0A</div>=0D=0A<h2 id=
=3D"h_2e5f12b488" style=3D"color: inherit; font-family: Helvetica, Arial, s=
ans-serif; font-weight: normal; text-align: left; line-height: 130%; word-w=
rap: normal; font-size: 25px; margin: 0 0 10px; padding: 0;" align=3D"left"=
><b>Founder's Corner </b></h2>=0D=0A<p style=3D"color: #0a0a0a; font-family=
: Helvetica, Arial, sans-serif; font-weight: normal; text-align: left; line=
-height: 130%; font-size: 16px; margin: 0 0 10px; padding: 0;" align=3D"lef=
t">Traders are currently fixating on Bitcoin=E2=80=99s slide below US$70,00=
0, but they=E2=80=99re missing the forest for the trees. While "naive trade=
rs" get washed out by short-term volatility, the real story is the massive =
capital migration from speculation toward utility. Vitalik Buterin recently=
 called out the rise of "corposlop", prediction markets and products that p=
rioritise "dopamine value" over societal benefit. He=E2=80=99s right to be =
sceptical, but the antidote is already here. Dragonfly=E2=80=99s US$650 mil=
lion fund isn't chasing the next meme coin; it=E2=80=99s backing the unsexy=
, indestructible rails of the future, credit services and money markets bui=
lt on blockchain. We are witnessing a "mass extinction event" for speculati=
ve fluff, leaving only the builders who understand that the "Wild West" mus=
t mature into a regulated, institutional-grade ecosystem.</p>=0D=0A<p style=
=3D"color: #0a0a0a; font-family: Helvetica, Arial, sans-serif; font-weight:=
 normal; text-align: left; line-height: 130%; font-size: 16px; margin: 0 0 =
10px; padding: 0;" align=3D"left">The most fascinating proof of this shift =
isn=E2=80=99t happening on Wall Street, but at your local burger joint. Ste=
ak =E2=80=99n Shake=E2=80=99s move to build a Strategic Bitcoin Reserve and=
 pay employees in BTC bonuses is the ultimate reality check for the sceptic=
s. Despite an unrealised loss on their holdings, their same-store sales are=
 outpacing competitors like McDonald=E2=80=99s and Domino's because they=E2=
=80=99ve integrated digital assets into a cash-producing operating business=
=2E From gold mining companies paying dividends in tokenised gold (XAUT) to=
 Stripe=E2=80=99s Bridge securing a national trust charter, the infrastruct=
ure is moving beyond "proof of concept" and into the real economy.</p>=0D=
=0A<p style=3D"color: #0a0a0a; font-family: Helvetica, Arial, sans-serif; f=
ont-weight: normal; text-align: left; line-height: 130%; font-size: 16px; m=
argin: 0 0 10px; padding: 0;" align=3D"left"><b>Richard Voice, Co-Founder, =
Wayex</b></p>=0D=0A<div class=3D"intercom-spacer-container">=0D=0A<table cl=
ass=3D"spacer" role=3D"presentation" style=3D"border-spacing: 0; border-col=
lapse: collapse; vertical-align: top; text-align: left; width: 100%; paddin=
g: 0;"><tbody><tr style=3D"vertical-align: top; text-align: left; padding: =
0;" align=3D"left">=0D=0A<td height=3D"20" style=3D"font-size: 20px; line-h=
eight: 20px; word-wrap: break-word; -moz-hyphens: auto; hyphens: auto; bord=
er-collapse: collapse !important; vertical-align: top; text-align: left; co=
lor: #0a0a0a; font-family: Helvetica, Arial, sans-serif; font-weight: norma=
l; margin: 0; padding: 0;" align=3D"left" valign=3D"top"></td>=0D=0A</tr></=
tbody></table>=0D=0A</div>=0D=0A<div class=3D"intercom-button-container"><t=
able class=3D"button radius intercom-align-center" align=3D"center" role=3D=
"presentation" style=3D"border-spacing: 0; border-collapse: collapse; verti=
cal-align: top; text-align: center !important; width: auto; margin: 0 auto =
16px; padding: 0;"><tbody><tr style=3D"vertical-align: top; text-align: lef=
t; padding: 0;" align=3D"left"><td style=3D"word-wrap: break-word; -moz-hyp=
hens: auto; hyphens: auto; border-collapse: collapse !important; vertical-a=
lign: top; text-align: left; color: #0a0a0a; font-family: Helvetica, Arial,=
 sans-serif; font-weight: normal; line-height: 130%; font-size: 16px; margi=
n: 0; padding: 0;" align=3D"left" valign=3D"top"><table role=3D"presentatio=
n" style=3D"border-spacing: 0; border-collapse: collapse; vertical-align: t=
op; text-align: left; padding: 0;"><tbody><tr style=3D"vertical-align: top;=
 text-align: left; padding: 0;" align=3D"left"><td style=3D"color: #FFFFFF;=
 word-wrap: break-word; -moz-hyphens: auto; hyphens: auto; border-collapse:=
 collapse !important; vertical-align: top; text-align: left; font-family: H=
elvetica, Arial, sans-serif; font-weight: normal; line-height: 100%; font-s=
ize: 16px; background-color: transparent; border-radius: 3px; mso-shading: =
#2199e8; margin: 0; padding: 0; border: 1px none rgba(0,0,0,0.2);" align=3D=
"left" bgcolor=3D"transparent" valign=3D"top"><a class=3D"intercom-foundati=
on-button" style=3D"color: #FFFFFF; font-family: Helvetica, Arial, sans-ser=
if; font-weight: bold; text-align: left; line-height: 130%; text-decoration=
: none; font-size: 14px; display: inline-block; border-radius: 3px; backgro=
und-color: #2199e8; margin: 0 0 8px; padding: 5px 80px; border: 2px solid #=
2199e8;" target=3D"_blank" href=3D"https://wayex-1ebef8f94122.intercom-clic=
ks.com/via/e=3Fob=3D3FO1BBHSWAnnqWxm5o2IDjJtQbzwdLtdhJC2JQ9MF%2FMnUtCAcJwfn=
Eyi%2FOZiJk1Ew2%2FrnULCHvqrSfQYZOIkXFO9IguiovNOmeyLk09tcxYkERlHll7nAw2eKrze=
PsIH&h=3D8bddec46781e3f7ac45bf1c409a3c538edff004d-mfj0shyv_215473160606889&=
l=3D019d468e2e7f154d5c1c6ef01d7e6a6dc4c9b6b1-199481370">Read more</a></td><=
/tr></tbody></table></td></tr></tbody></table></div>=0D=0A<div class=3D"int=
ercom-divider-container">=0D=0A<table width=3D"100%" role=3D"presentation" =
style=3D"border-spacing: 0; border-collapse: collapse; vertical-align: top;=
 text-align: left; padding: 0;"><tbody><tr style=3D"vertical-align: top; te=
xt-align: left; padding: 0;" align=3D"left"><td style=3D"word-wrap: break-w=
ord; -moz-hyphens: auto; hyphens: auto; border-collapse: collapse !importan=
t; vertical-align: top; text-align: left; color: #0a0a0a; font-family: Helv=
etica, Arial, sans-serif; font-weight: normal; line-height: 130%; font-size=
: 16px; margin: 0; padding: 10px 0;" align=3D"left" valign=3D"top">=0D=0A<t=
able class=3D"divider" role=3D"presentation" align=3D"center" width=3D"100%=
" style=3D"border-top-width: 1px; border-top-color: #222222; border-top-sty=
le: dotted; border-spacing: 0; border-collapse: collapse; vertical-align: t=
op; text-align: left; padding: 0;"><tbody><tr style=3D"vertical-align: top;=
 text-align: left; padding: 0;" align=3D"left"><td style=3D"word-wrap: brea=
k-word; -moz-hyphens: auto; hyphens: auto; border-collapse: collapse !impor=
tant; vertical-align: top; text-align: left; color: #0a0a0a; font-family: H=
elvetica, Arial, sans-serif; font-weight: normal; line-height: 130%; font-s=
ize: 16px; margin: 0; padding: 1px 0 0;" align=3D"left" valign=3D"top">=0D=
=0A</td></tr></tbody></table>=0D=0A</td></tr></tbody></table>=0D=0A</div>=
=0D=0A<p style=3D"color: #0a0a0a; font-family: Helvetica, Arial, sans-serif=
; font-weight: normal; text-align: left; line-height: 130%; font-size: 16px=
; margin: 0 0 10px; padding: 0;" align=3D"left"><br>=E2=80=8B</p>=0D=0A<p s=
tyle=3D"color: #0a0a0a; font-family: Helvetica, Arial, sans-serif; font-wei=
ght: normal; text-align: left; line-height: 130%; font-size: 16px; margin: =
0 0 10px; padding: 0;" align=3D"left"><b>Enjoyed the Wrap=3F </b></p>=0D=0A=
<p style=3D"color: #0a0a0a; font-family: Helvetica, Arial, sans-serif; font=
-weight: normal; text-align: left; line-height: 130%; font-size: 16px; marg=
in: 0 0 10px; padding: 0;" align=3D"left">Send it to friends or family. If =
they join Wayex using your referral link, you=E2=80=99ll both earn <i>$10 i=
n Bitcoin</i> when they sign up and trade.</p>=0D=0A<p style=3D"color: #0a0=
a0a; font-family: Helvetica, Arial, sans-serif; font-weight: normal; text-a=
lign: left; line-height: 130%; font-size: 16px; margin: 0 0 10px; padding: =
0;" align=3D"left">Until next time,</p>=0D=0A<p style=3D"color: #0a0a0a; fo=
nt-family: Helvetica, Arial, sans-serif; font-weight: normal; text-align: l=
eft; line-height: 130%; font-size: 16px; margin: 0 0 10px; padding: 0;" ali=
gn=3D"left"><b>The Wayex Team</b></p>=0D=0A<div class=3D"intercom-spacer-co=
ntainer">=0D=0A<table class=3D"spacer" role=3D"presentation" style=3D"borde=
r-spacing: 0; border-collapse: collapse; vertical-align: top; text-align: l=
eft; width: 100%; padding: 0;"><tbody><tr style=3D"vertical-align: top; tex=
t-align: left; padding: 0;" align=3D"left">=0D=0A<td height=3D"20" style=3D=
"font-size: 20px; line-height: 20px; word-wrap: break-word; -moz-hyphens: a=
uto; hyphens: auto; border-collapse: collapse !important; vertical-align: t=
op; text-align: left; color: #0a0a0a; font-family: Helvetica, Arial, sans-s=
erif; font-weight: normal; margin: 0; padding: 0;" align=3D"left" valign=3D=
"top"></td>=0D=0A</tr></tbody></table>=0D=0A</div>=0D=0A<div class=3D"inter=
com-button-container"><table class=3D"button radius intercom-align-center" =
align=3D"center" role=3D"presentation" style=3D"border-spacing: 0; border-c=
ollapse: collapse; vertical-align: top; text-align: center !important; widt=
h: auto; margin: 0 auto 16px; padding: 0;"><tbody><tr style=3D"vertical-ali=
gn: top; text-align: left; padding: 0;" align=3D"left"><td style=3D"word-wr=
ap: break-word; -moz-hyphens: auto; hyphens: auto; border-collapse: collaps=
e !important; vertical-align: top; text-align: left; color: #0a0a0a; font-f=
amily: Helvetica, Arial, sans-serif; font-weight: normal; line-height: 130%=
; font-size: 16px; margin: 0; padding: 0;" align=3D"left" valign=3D"top"><t=
able role=3D"presentation" style=3D"border-spacing: 0; border-collapse: col=
lapse; vertical-align: top; text-align: left; padding: 0;"><tbody><tr style=
=3D"vertical-align: top; text-align: left; padding: 0;" align=3D"left"><td =
style=3D"color: #ffffff; word-wrap: break-word; -moz-hyphens: auto; hyphens=
: auto; border-collapse: collapse !important; vertical-align: top; text-ali=
gn: left; font-family: Helvetica, Arial, sans-serif; font-weight: normal; l=
ine-height: 100%; font-size: 16px; background-color: transparent; border-ra=
dius: 3px; mso-shading: #2199e8; margin: 0; padding: 0; border: 1px none rg=
ba(0,0,0,0.2);" align=3D"left" bgcolor=3D"transparent" valign=3D"top"><a cl=
ass=3D"intercom-foundation-button" style=3D"color: #ffffff; font-family: He=
lvetica, Arial, sans-serif; font-weight: bold; text-align: left; line-heigh=
t: 130%; text-decoration: none; font-size: 14px; display: inline-block; bor=
der-radius: 3px; background-color: #2199e8; margin: 0 0 8px; padding: 5px 8=
0px; border: 2px solid #2199e8;" target=3D"_blank" href=3D"https://wayex-1e=
bef8f94122.intercom-clicks.com/via/e=3Fob=3DG0EWTQt0NbRms8ppetWx%2BvpO9KChl=
0hwpnFv4kxQ71o%3D&h=3D3c08749d627ed436b31eea8b47536d8d336d524a-mfj0shyv_215=
473160606889&l=3Dbacfa3fe910ef2bbc5d4f1a84004180abf7089c2-199481379">Visit =
Wayex</a></td></tr></tbody></table></td></tr></tbody></table></div>=0D=0A<d=
iv class=3D"intercom-spacer-container">=0D=0A<table class=3D"spacer" role=
=3D"presentation" style=3D"border-spacing: 0; border-collapse: collapse; ve=
rtical-align: top; text-align: left; width: 100%; padding: 0;"><tbody><tr s=
tyle=3D"vertical-align: top; text-align: left; padding: 0;" align=3D"left">=
=0D=0A<td height=3D"20" style=3D"font-size: 20px; line-height: 20px; word-w=
rap: break-word; -moz-hyphens: auto; hyphens: auto; border-collapse: collap=
se !important; vertical-align: top; text-align: left; color: #0a0a0a; font-=
family: Helvetica, Arial, sans-serif; font-weight: normal; margin: 0; paddi=
ng: 0;" align=3D"left" valign=3D"top"></td>=0D=0A</tr></tbody></table>=0D=
=0A</div>=0D=0A<div class=3D"intercom-social-container">=0D=0A<table class=
=3D"menu social-table intercom-align-center" align=3D"center" width=3D"100%=
" role=3D"presentation" style=3D"border-spacing: 0; border-collapse: collap=
se; vertical-align: top; text-align: center !important; width: auto !import=
ant; padding: 0;"><tbody><tr style=3D"vertical-align: top; text-align: left=
; padding: 0;" align=3D"left"><td style=3D"word-wrap: break-word; -moz-hyph=
ens: auto; hyphens: auto; border-collapse: collapse !important; vertical-al=
ign: top; text-align: left; color: #0a0a0a; font-family: Helvetica, Arial, =
sans-serif; font-weight: normal; line-height: 130%; font-size: 16px; margin=
: 0; padding: 0;" align=3D"left" valign=3D"top">=0D=0A=0D=0A=0D=0A<table r=
ole=3D"presentation" style=3D"border-spacing: 0; border-collapse: collapse;=
 vertical-align: top; text-align: left; padding: 0;"><tbody><tr style=3D"ve=
rtical-align: top; text-align: left; padding: 0;" align=3D"left">=0D=0A<th =
class=3D"menu-item" style=3D"color: #0a0a0a; font-family: Helvetica, Arial,=
 sans-serif; font-weight: normal; text-align: left; line-height: 130%; font=
-size: 16px; display: inline-block; margin: 0; padding: 10px;" align=3D"lef=
t"><a href=3D"https://wayex-1ebef8f94122.intercom-mail.com/via/e=3Fob=3D2zJ=
lTY0inYhJ4iYpXIEdyEwYIVMF5%2BimRwhwYEqDS1g%3D&h=3Dc0502f233e63750a659ea04ac=
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one;" width=3D"24" height=3D"24"></a></th>=0D=0A<th class=3D"menu-item" sty=
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ayex-1ebef8f94122.intercom-mail.com/via/e=3Fob=3DDLlTbC8bF6v0TULHwVELO%2BBB=
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eight: 130%; text-decoration: none; margin: 0; padding: 0;"><img src=3D"htt=
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ng" alt=3D"facebook" style=3D"height: 24px; width: 24px; outline: none; tex=
t-decoration: none; -ms-interpolation-mode: bicubic; max-width: 100%; clear=
: both; display: block; margin-left: auto; margin-right: auto; border-style=
: none;" width=3D"24" height=3D"24"></a></th>=0D=0A<th class=3D"menu-item" =
style=3D"color: #0a0a0a; font-family: Helvetica, Arial, sans-serif; font-we=
ight: normal; text-align: left; line-height: 130%; font-size: 16px; display=
: inline-block; margin: 0; padding: 10px;" align=3D"left"><a href=3D"https:=
//wayex-1ebef8f94122.intercom-mail.com/via/e=3Fob=3DREazUyLSYUvG40ICNiz%2Fo=
0Bf0P7B3CJe5lAOXDglMchSvIsSNVWpnwIpPhi6iHwm&h=3D8f910d606f592f1723f483cb106=
fd9bb7537ddab-mfj0shyv_215473160606889&l=3D1340d8b133ac10fa8b3927baeb6d8bd2=
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height: 130%; text-decoration: none; margin: 0; padding: 0;"><img src=3D"ht=
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=2Epng" alt=3D"instagram" style=3D"height: 24px; width: 24px; outline: none=
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clear: both; display: block; margin-left: auto; margin-right: auto; border-=
style: none;" width=3D"24" height=3D"24"></a></th>=0D=0A<th class=3D"menu-i=
tem" style=3D"color: #0a0a0a; font-family: Helvetica, Arial, sans-serif; fo=
nt-weight: normal; text-align: left; line-height: 130%; font-size: 16px; di=
splay: inline-block; margin: 0; padding: 10px;" align=3D"left"><a href=3D"h=
ttps://wayex-1ebef8f94122.intercom-mail.com/via/e=3Fob=3DwLtTRLzx57KD5JB22m=
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9d8a87e455a9c-199481383" target=3D"_blank" style=3D"color: #2199e8; font-fa=
mily: Helvetica, Arial, sans-serif; font-weight: normal; text-align: left; =
line-height: 130%; text-decoration: none; margin: 0; padding: 0;"><img src=
=3D"https://static.intercomassets.com/assets/emails/social/linkedIn-origina=
l-144x144-at-6x-c8d9ed0939da6143c60ed253b1a41888897c51651f32267296b715f49c8=
f48bd.png" alt=3D"linkedin" style=3D"height: 24px; width: 24px; outline: no=
ne; text-decoration: none; -ms-interpolation-mode: bicubic; max-width: 100%=
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r-style: none;" width=3D"24" height=3D"24"></a></th>=0D=0A<th class=3D"menu=
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font-weight: normal; text-align: left; line-height: 130%; font-size: 16px; =
display: inline-block; margin: 0; padding: 10px;" align=3D"left"><a href=3D=
"https://wayex-1ebef8f94122.intercom-mail.com/via/e=3Fob=3DeZq9IhKmq3AyQkIS=
Pi1yrNdEynw2ikqoLdpRcm7T08RgJdK5Gffv0XMIAGg1TJmd&h=3Df3e3f6db57565e181abd27=
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mily: Helvetica, Arial, sans-serif; font-weight: normal; text-align: left; =
line-height: 130%; text-decoration: none; margin: 0; padding: 0;"><img src=
=3D"https://static.intercomassets.com/assets/emails/social/reddit-original-=
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485.png" alt=3D"reddit" style=3D"height: 24px; width: 24px; outline: none; =
text-decoration: none; -ms-interpolation-mode: bicubic; max-width: 100%; cl=
ear: both; display: block; margin-left: auto; margin-right: auto; border-st=
yle: none;" width=3D"24" height=3D"24"></a></th>=0D=0A<th class=3D"menu-ite=
m" style=3D"color: #0a0a0a; font-family: Helvetica, Arial, sans-serif; font=
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lay: inline-block; margin: 0; padding: 10px;" align=3D"left"><a href=3D"htt=
ps://wayex-1ebef8f94122.intercom-mail.com/via/e=3Fob=3D2i9RRehehjxAW62sGNcJ=
R%2BTIMD%2FbCwTDsHyLPcxKEJY%3D&h=3D815414e8e6ace4a5b219d568bd3f176c9ac7035f=
-mfj0shyv_215473160606889&l=3D80c7b648a45dd0c084738f68460a43300d5564e3-1994=
81385" target=3D"_blank" style=3D"color: #2199e8; font-family: Helvetica, A=
rial, sans-serif; font-weight: normal; text-align: left; line-height: 130%;=
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intercomassets.com/assets/emails/social/telegram-original-144x144-at-6x-296=
6ced46a55c7a0d2ddc07ca4847d3910b6b20f256e7af019aba777c6fda0ee.png" alt=3D"t=
elegram" style=3D"height: 24px; width: 24px; outline: none; text-decoration=
: none; -ms-interpolation-mode: bicubic; max-width: 100%; clear: both; disp=
lay: block; margin-left: auto; margin-right: auto; border-style: none;" wid=
th=3D"24" height=3D"24"></a></th>=0D=0A</tr></tbody></table>=0D=0A=0D=0A</td></tr></tbody></table>=0D=0A</div>=0D=0A</td></tr></tbody>=
</table></center>=0D=0A<center style=3D"width: 100%; min-width: 580px;"><ta=
ble class=3D"container intercom-template-content" role=3D"presentation" sty=
le=3D"border-spacing: 0; border-collapse: collapse; vertical-align: top; te=
xt-align: inherit; background-color: #fefefe; width: 580px; margin: 0 auto;=
 padding: 0;" bgcolor=3D"#fefefe"><tbody><tr style=3D"vertical-align: top; =
text-align: left; padding: 0;" align=3D"left"><td style=3D"word-wrap: break=
-word; -moz-hyphens: auto; hyphens: auto; border-collapse: collapse !import=
ant; vertical-align: top; text-align: left; color: #0a0a0a; font-family: He=
lvetica, Arial, sans-serif; font-weight: normal; line-height: 130%; font-si=
ze: 16px; margin: 0; padding: 16px;" align=3D"left" valign=3D"top">=0D=0A<p=
 style=3D"color: #0a0a0a; font-family: Helvetica, Arial, sans-serif; font-w=
eight: normal; text-align: left; line-height: 130%; font-size: 16px; margin=
: 0 0 10px; padding: 0;" align=3D"left"><br>=E2=80=8B</p>=0D=0A<p style=3D"=
color: #0a0a0a; font-family: Helvetica, Arial, sans-serif; font-weight: nor=
mal; text-align: left; line-height: 130%; font-size: 16px; margin: 0 0 10px=
; padding: 0;" align=3D"left"><br>=E2=80=8B</p>=0D=0A<p style=3D"color: #0a=
0a0a; font-family: Helvetica, Arial, sans-serif; font-weight: normal; text-=
align: left; line-height: 130%; font-size: 16px; margin: 0 0 10px; padding:=
 0;" align=3D"left"><small style=3D"font-size: 12px; color: #0a0a0a;"><b><i=
>Disclaimer</i></b><i>: All information in this article is for informationa=
l purposes only. You should not construe any such information or other mate=
rial as legal, tax, investment, financial, or other advice. Nothing contain=
ed herein shall constitute a solicitation, recommendation, endorsement, or =
offer by CryptoSpend (Trading as Wayex) to invest, buy, or sell any coins, =
tokens, or other crypto assets. Any descriptions of CryptoSpend (Trading as=
 Wayex) products or features are merely for illustrative purposes. Past per=
formance is not a guarantee or predictor of future performance. The value o=
f crypto assets can increase or decrease, and you could lose all or a subst=
antial amount of your purchase price. You need to do your research and due =
diligence to make the best possible judgement, as any purchases shall be yo=
ur sole responsibility. For additional information, please review our: <a h=
ref=3D"https://wayex-1ebef8f94122.intercom-clicks.com/via/e=3Fob=3Dw7eL6Ob1=
Ld6vNBAqc6I%2B5SAQTgFlk5OAfi8kr8lEy71IxhTN7TGacby22I1A8NHd&h=3D23582f805213=
3260e2834a027ad6ffecded73a0f-mfj0shyv_215473160606889&l=3D831b258f998392f9f=
1118a5071555395e7db4836-199480542" target=3D"_blank" class=3D"intercom-cont=
ent-link intercom-footer-link" style=3D"color: #165fc6; font-family: Helvet=
ica, Arial, sans-serif; font-weight: normal; text-align: left; line-height:=
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a href=3D"https://wayex-1ebef8f94122.intercom-clicks.com/via/e=3Fob=3DubBTr=
Vc3Zp7qyQk5bUpGDL0Ct2yMPcKWm8pd1lwVvh3xlrAr9XIOiPs2a7R6xknx&h=3D6b4aabaeded=
5fdab0bc2cb6ba6f6234fbf321467-mfj0shyv_215473160606889&l=3D3115806eac311d90=
1c32c000ff27f903e3b2c953-199480543" target=3D"_blank" class=3D"intercom-con=
tent-link intercom-footer-link" style=3D"color: #165fc6; font-family: Helve=
tica, Arial, sans-serif; font-weight: normal; text-align: left; line-height=
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</a>, <a href=3D"https://wayex-1ebef8f94122.intercom-clicks.com/via/e=3Fob=
=3Dc4j03Gc5KGZzBLcZ5ocidc17oPPzQ7zlAtPZdOWqoz75yMo0ft1Q6ugRuK6EAE4o&h=3D583=
01303fc0d582fa18899589fc7e6996596fdca-mfj0shyv_215473160606889&l=3D2b7ad8b6=
9470f252027c1350e2025a8ef1b057e6-199480544" target=3D"_blank" class=3D"inte=
rcom-content-link intercom-footer-link" style=3D"color: #165fc6; font-famil=
y: Helvetica, Arial, sans-serif; font-weight: normal; text-align: left; lin=
e-height: 130%; text-decoration: none; margin: 0; padding: 0;">Product Disc=
losure Statement </a>and <a href=3D"https://wayex-1ebef8f94122.intercom-cli=
cks.com/via/e=3Fob=3DRZFFpY5iX7zv%2FwFbHzzCgVyhLnK925dwJNTiMgz8YjJtgfG5j%2B=
asXAgd1Qru%2BCeH&h=3Dcea08ff8c74a543974c0f8974dc858827a1ca0d9-mfj0shyv_2154=
73160606889&l=3D1f2b3605712ef0563383d56c667c1979fd4a6d9d-199480545" target=
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olor: #165fc6; font-family: Helvetica, Arial, sans-serif; font-weight: norm=
al; text-align: left; line-height: 130%; text-decoration: none; margin: 0; =
padding: 0;">Target Market Determination</a>.</i></small></p>=0D=0A<p style=
=3D"color: #0a0a0a; font-family: Helvetica, Arial, sans-serif; font-weight:=
 normal; text-align: left; line-height: 130%; font-size: 16px; margin: 0 0 =
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ext-align: left; line-height: 130%; font-size: 16px; margin: 0 0 10px; padd=
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ns-serif; font-weight: normal; line-height: 130%; font-size: 16px; margin: =
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ize: 16px; margin: 0 0 10px; padding: 0;" align=3D"left"><br>=E2=80=8B</p>=
=0D=0A<p class=3D"text-center" style=3D"text-align: center; color: #0a0a0a;=
 font-family: Helvetica, Arial, sans-serif; font-weight: normal; line-heigh=
t: 130%; font-size: 16px; margin: 0 0 10px; padding: 0;" align=3D"center"><=
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PTY LTD trading as 'Wayex' (ACN 630 245 813)</b></small></p>=0D=0A<p style=
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10px; padding: 0;" align=3D"left"><br>=E2=80=8B</p>=0D=0A</td></tr></tbody>=
</table></center>=0D=0A                        </td>=0D=0A                 =
   </tr>=0D=0A                </tbody>=0D=0A</table>=0D=0A            </td>=
=0D=0A        </tr>=0D=0A    </tbody>=0D=0A</table>=0D=0A    <p style=3D"te=
xt-align: center; font-size: 12px; color: #646462; text-decoration: none; f=
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