FASB’s Bitcoin fair value accounting rules go into effect today

According to The Bitcoin Historian, which was reposted by Bitcoin Magazine, FASB’s fair value accounting rules officially came into effect for Bitcoin today.

FASB's Bitcoin fair value accounting rules take effect today

According to The Bitcoin Historian, which was later reposted by Bitcoin Magazine, FASB's fair value accounting rules for Bitcoin officially came into effect today. Previously, companies could only assess the value of Bitcoin based on the purchase price, not its increased value.

The picture shows that MicroStrategy founder Michael Saylor said last week: FASB (Financial Accounting Standards Board) has officially passed the fair value accounting rules for Bitcoin, which will apply to fiscal years starting after December 15, 2024. This improvement will promote the adoption of Bitcoin as a reserve asset by companies.

Pnut the Squirrel owner takes legal action against Binance

According to the statement and legal documents provided by Squirrel_Dad (the owner of the internet celebrity squirrel "Pnut the Squirrel"), its legal team has officially sent a cease and desist letter to Binance, accusing Binance of unauthorized use of its intellectual property, including the images, trademarks and story content of "Peanut the Squirrel". The letter accuses Binance of displaying relevant content on its platform without permission and listing tokens, suspected of infringing copyright and trademark rights. Squirrel_Dad said it will protect its creative works through legal means and plans to take further legal action.

Squirrel_Dad's behavior has caused dissatisfaction among some users. His personal X account has been reported by many people and currently displays a warning that his personal profile may contain potentially sensitive content.

Bitcoin founder Satoshi Nakamoto becomes world's 16th richest person as Bitcoin price surges

According to Bitcoin Magazine, Bitcoin founder Satoshi Nakamoto has become the 16th richest person in the world, surpassing Michael Bloomberg, as the price of Bitcoin reached $106,000 and his personal wealth was estimated at $106 billion.

El Salvador's Bitcoin holdings now have a profit of more than $360 million

According to a screenshot shared by Salvadoran President Nayib Bukele on the X platform, the country’s bitcoin holdings are worth more than $632 million, with a profit of more than $360 million from the initial investment and a yield of 133.95%.

Trump Family Crypto Project World Liberty Purchases $250,000 in ONDO Tokens via Cow Protocol

According to Arkham monitoring, at 6:51 am Beijing time today, World Liberty, a crypto project related to the Trump family, spent 250,000 USDC to purchase 134,216 ONDO tokens through Cow Protocol.

Last night, the Trump family’s crypto project World Liberty Fi once again increased its holdings of AAVE, worth about $91,000

Data: ARB, APE, QAI and other tokens will be unlocked in large amounts this week, of which ARB unlocked value is about 91.4 million US dollars

Token Unlocks data shows that ARB, APE, QAI and other tokens will be unlocked in large amounts this week, including:

Arbitrum (ARB) will unlock approximately 92.65 million tokens at 9:00 pm Beijing time on December 16, accounting for 2.26% of the current circulation and worth approximately US$91.4 million;

ApeCoin (APE) will unlock about 15.6 million tokens at 8:30 pm Beijing time on December 17, accounting for 2.16% of the current circulation and worth about US$24 million;

QuantixAI (QAI) will unlock approximately 232,000 tokens at 8:00 am Beijing time on December 18, accounting for 5.16% of the current circulation, with a value of approximately US$22 million;

Cardano (ADA) will unlock approximately 18.53 million tokens at 8:00 a.m. Beijing time on December 16, accounting for 0.05% of the current circulation, with a value of approximately US$20.1 million;

Pixels (PIXEL) will unlock approximately 54.38 million tokens at 6:00 pm Beijing time on December 19, accounting for 7.05% of the current circulation, with a value of approximately US$12.1 million;

Ethena (ENA) will unlock approximately 12.86 million tokens at 3:00 p.m. Beijing time on December 18, accounting for 0.44% of the current circulation, with a value of approximately US$14.7 million;

Echelon Prime (PRIME) will unlock approximately 750,000 tokens at 8:00 am Beijing time on December 17, accounting for 1.46% of the current circulation, with a value of approximately US