FASB approves "fair value" accounting rules for companies holding crypto, into effect in 2025 — link
Bloombergtax
Long-Awaited Bitcoin Accounting Rules to Capture Rises, Dips (2)
Crypto companies and other businesses with significant holdings of digital currencies will get long-awaited accounting rules to measure the value of the Bitcoin, Ethereum, and other crypto in their coffers, US accounting standard-setters unanimously voted…
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Southeast Asia super-app Grab adds support for web3 services — link
The Block
Southeast Asia super-app Grab adds support for web3 services
Users of the Grab super-app can now set up a web3 wallet, win blockchain-based rewards like NFTs and more on the platform.
JPMorgan exploring blockchain-based payment and settlement system: Bloomberg — link
The Block
JPMorgan exploring blockchain-based payment and settlement system: Bloomberg
JPMorgan is experimenting with a blockchain-based deposit token to hasten transaction speed and lower costs, Bloomberg reports.
US authorities interview Winklevoss over claims against DCG and its CEO — link
Reuters
US authorities interview Winklevoss over claims against DCG and its CEO, source says
U.S. authorities are probing claims of fraud that Cameron Winklevoss, the co-founder of crypto firm Gemini Trust Co, has made against the Digital Currency Group (DCG) and its founder Barry Silbert, according to a source familiar with the inquiry.
The 90-day supply of aggregate stablecoins has dropped more than 20% from $162 billion in March 2022 to $120 billion today, pointing to a decline in on-chain liquidity — link
CFTC Goes After Opyn, Other DeFi Operations in Enforcement Sweep — link
PayPal rolls out crypto-for-USD conversion service — link
The Block
PayPal rolls out crypto-for-USD conversion service
PayPal's new crypto service is available to wallets, dApps and NFT marketplaces, and it's also live on MetaMask.
Standard Chartered-owned crypto firm Zodia launches in Singapore — link
CNBC
Standard Chartered-owned crypto firm Zodia launches in Singapore
Zodia Custody, a subsidiary of Standard Chartered, has expanded its presence in Singapore for the first time, the company told CNBC exclusively.
Aggregate average daily spot and futures volumes for BTC and ETH declined by 30% in the last two months, compared to a daily average in 2Q23 of $54.6B — link
Franklin Templeton files with SEC To offer spot Bitcoin ETF — link
X (formerly Twitter)
Eric Balchunas (@EricBalchunas) on X
JUST IN: Franklin has filed for a spot bitcoin ETF h/t @NateGeraci
Banking powerhouse HSBC working with crypto custody firm Fireblocks: sources — link
CoinDesk
Banking Powerhouse HSBC Working With Crypto Custody Firm Fireblocks: Sources
Fireblocks, which specializes in cryptocurrency safekeeping technologies such as multi-party computation (MPC), already works with BNY Mellon and BNP Paribas.
Hashdex files for Ethereum Spot ETF — link
FixTweet
James Seyffart (@JSeyff)
UPDATE: @hashdex has filed for a Spot #Ethereum ETF. Joining @ARKInvest /@21Shares and @vaneck_us.
↘️ Quoting James Seyffart (@JSeyff)
Update: Another filing from @hashdex this morning. But it looks identical to the one from Friday(Quoted). My guess is…
↘️ Quoting James Seyffart (@JSeyff)
Update: Another filing from @hashdex this morning. But it looks identical to the one from Friday(Quoted). My guess is…
CoinEx hot wallets appear to be drained of nearly $28 million in crypto — link
The Block
CoinEx hot wallets appear to be drained of nearly $28 million in crypto
Hot wallets associated with the crypto exchange CoinEx appeared to have been drained of cryptocurrency on Tuesday.
The value of real-world assets (RWAs) on-chain reached a new all-time high of $3.1 billion as of September 1.
The value is comprised of 37.3% gold and precious metals; 1.63% equities; 0.41% carbon offsets; 22.98% money markets; 20.04% treasuries; 4.38% real estate; and 13.27% private credit. As it currently stands, inherently yield-bearing RWAs capture 61% of the cumulative RWA market cap — link
The value is comprised of 37.3% gold and precious metals; 1.63% equities; 0.41% carbon offsets; 22.98% money markets; 20.04% treasuries; 4.38% real estate; and 13.27% private credit. As it currently stands, inherently yield-bearing RWAs capture 61% of the cumulative RWA market cap — link
Judge denies Bankman-Fried's request for pretrial jail release — link
Reuters
Sam Bankman-Fried loses bid for pretrial jail release
Sam Bankman-Fried on Tuesday lost a bid to be released from jail so he can better prepare for his Oct. 3 trial on fraud charges stemming from the collapse of his FTX cryptocurrency exchange, a court filing showed.
FTX tweaks crypto sale proposal to placate U.S. government — link
CoinDesk
FTX Tweaks Crypto Sale Proposal to Placate U.S. Government
The bankrupt crypto exchange wants to sell off its billions of dollars in crypto before returning funds to creditors – but doesn’t want markets forewarned