@merurial9 11 September 2023 more from that month

Legal Battles, Accounting Reform, and Institutional Adoption | Crypto Weekly Brew #007 This week in the ****crypto**** weekly brew we highlight ****crypto**** legal battles, shifts in ****crypto**** accounting standards, and the growing interest of institutional players in digital assets. https://leofinance.io/@leoglossary/cryptocurrency **Coinbase's Global Expansion and Regulatory Outlook**

Source: ****Coinbase signals EU, Canada, Brazil, Singapore and Australia as priorities**** https://cointelegraph.com/news/coinbase-near-term-priorities-eu-canada-brazil-singapore-australia Coinbase is expanding its operations worldwide while maintaining its presence in the United States. This strategic move is driven by the pursuit of well-developed regulations governing ****cryptocurrencies****. Brian Armstrong, CEO of Coinbase, emphasizes the need for the U.S. to catch up in terms of regulation. The recent bipartisan support for ****crypto****-related bills in the House provides hope for the future of this industry. https://leofinance.io/@leoglossary/cryptocurrency **The Changing Landscape of Cryptocurrency Accounting**

Source: ****FASB Adopts Crypto Accounting and Disclosure Rule for Companies**** https://www.wsj.com/articles/fasb-adopts-crypto-accounting-and-disclosure-rule-for-companies-749adc44 At the time accounting standards for ****cryptocurrencies**** are transforming. Approved revisions, by the Financial Accounting Standards Board now allow ****cryptocurrencies**** to be marked to market simplifying accounting practices. This change encourages businesses to reflect the value of their holdings on their ****balance sheets**** potentially leading to wider adoption. https://leofinance.io/@leoglossary/cryptocurrency https://leofinance.io/@leoglossary/leoglossary-balance-sheet **Spot ETH ETF Push**

Source: ****Grayscale Ethereum Trust Discount Drops to Lowest in a Year Amid Spot Ether ETF Push**** https://www.coindesk.com/markets/2023/09/08/grayscale-ethereum-trust-discount-drops-to-lowest-in-a-year-amid-spot-ether-etf-push/ There is growing anticipation surrounding the approval of a spot ****Bitcoin**** ETF and now ARK Invest has proposed a spot ****ETF****. While the ****SEC**** is taking its time to decide on ****ETFs**** this joint initiative aims to provide ****Ethereum**** investors with a new investment opportunity. https://leofinance.io/@leoglossary/leoglossary-bitcoin https://leofinance.io/@leoglossary/leoglossary-exchange-traded-fund-etf https://leofinance.io/@leoglossary/leoglossary-securities-and-exchange-commission-sec **Bakkt Growing Presence and Global Strategy**

Source: ****It's Not Just BlackRock. Exchanges Like Nasdaq Are Muscling in on Crypto, Too.**** https://www.barrons.com/articles/nasdaq-blackrock-exchanges-crypto-bitcoin-64a3f465 Bakkt's acquisition of Apex Crypto has brought about changes enabling the company to expand its ecosystem and form partnerships with platforms such as Weeble, Public.com, and M1 Finance. The financial impact of delistings has been minimal as the company focuses on managing expenses and optimizing operations for increased profitability. Bakkt's international expansion strategy gives priority to markets with frameworks, positive consumer sentiment, and promising growth potential. Latin America will be the target in Q4 2023 followed by entry into the UK, the European Union, Hong Kong, and Australia. Compliance remains a priority for Bakkt as it aligns its operations with evolving regulations. Despite ****crypto**** trading volumes decreasing the past week, the market interest remains strong. The ****crypto**** landscape is constantly evolving and these advancements, in regulation accounting guidelines and institutional involvement, are steps towards establishing cryptocurrencies as assets for companies and investors. https://leofinance.io/@leoglossary/cryptocurrency Thank you for reading and hope you have a good rest of the day! Follow me on these other platforms where I also post my content: ****Publish0x**** || ****Hive**** || ****Read.Cash**** || ****Noise.App**** || ****Twitter****|| ****Torum**** https://www.publish0x.com/@aftershock9?a=Vyb82ANmev https://hive.blog/@mercurial9 https://read.cash/@merurial9 https://noise.app/mercurial9 https://twitter.com/minimalistpixel https://www.torum.com/u/mercurial9