bc.. This is some TEXT inside a "Code BLOCK"

{
  if (JSON) {

    return {"JSON":"value"}
  }
}

Back to 10-4 CAPS 

p.. Some multiline Paragragh

Here is some output!!! "Some" CAPS

<pre><code>This is some TEXT inside a &quot;Code BLOCK&quot;

{
  if (&lt;span class=&quot;caps&quot;&gt;JSON&lt;/span&gt;) {

    return {<a href=""><span class="caps">JSON</span></a>&amp;#8220;value&amp;#8221;}
  }
}


Back to 10-4 &lt;span class=&quot;caps&quot;&gt;CAPS&lt;/span&gt; </code></pre>

<p>Some multiline Paragragh

Here is some output!!! &#8220;Some&#8221; <span class="caps">CAPS</span></p>

<span class='caps'>...</span> (Inside codeblock)
<a href>...</a> (On a word that is not a link)
&amp;#8220; (Double escaping of quotes)