Companies in the US can now report their Bitcoin holdings at fair market value! 🎉 The FASB fair value accounting rule, which was adopted in 2023, went into effect today. The change could speed up companies’ ability to add Bitcoin to their balance sheets. However, NFTs and other digital assets are not included.

Bitcoin rose above $106,000 in Asia, but fell to $104,500 ahead of the Fed’s expected rate cut. Solana’s earnings were notable, while Chainlink (LINK) rose 4% on whale purchases. 💰

Let’s discuss the impact of these changes on the crypto market in the comments! 👇