1. U.S. FASB approves new standard allowing companies to measure crypto assets at fair value

The U.S. Financial Accounting Standards Board (FASB) approved an accounting standards update allowing companies to record crypto assets at fair value. Companies must assess the fair value of crypto assets annually and reflect market fluctuations in their financial statements. When assets are sold, the full fair value can be recognized in profit. -Original

2. Fed official Hammack: Favors smaller, more frequent rate hikes; financial conditions need to remain tight

Fed official Hammack said that the current federal funds rate is not sufficiently restrictive and that financial conditions need to remain tight. She favors smaller but more frequent rate hikes. -Original

3. Trump: If Democrats win the midterm elections, the U.S. will fall into a Great Depression

U.S. President Trump said that if Democrats win next month's midterm elections, the U.S. will fall into a Great Depression; if Republicans win, every person will receive $5,000, and the country will achieve unprecedented economic success. -Source

4. Stournaras: The ECB may continue to raise interest rates gradually

ECB Governing Council member Stournaras said the ECB may continue to raise interest rates gradually. -Source

5. MicroStrategy adds 250 BTC, bringing its total holdings to 848,250 BTC

MicroStrategy added 250 BTC and repurchased $192 million worth of STRC preferred shares, bringing its total holdings to 848,250 BTC. It currently holds $5.5 billion in cash. -Source

6. SKYA liquidates 1.25 million SOL from its reserves, worth $138 million, to fund a buyback of its outstanding shares

Treasury company SKYA is liquidating its reserve of 2 million SOL. It has recently sold a total of approximately 1.25 million SOL, worth around $138 million, to fund a buyback of 95% of the company's outstanding shares. -Source

7. Ledger hardware implant incident results in losses of over $86 million; Plan B says switching to ETFs brought zero regrets

An unauthorized hardware implant was discovered in Ledger wallets, with some blockchain investigators estimating losses of more than $86 million. The incident has sparked debate about self-custody and the security of Bitcoin ETFs. Plan B said the decision to move Bitcoin holdings into ETFs proved correct after the Coldcard and Ledger vulnerabilities came to light, adding that there were zero regrets. Ophelia Snyder said large holders move self-custodied assets into ETFs for greater security. Adam Back said hardware wallets can still be a secure custody option, but vendors need to strengthen their threat modeling. Jameson Lopp said self-custody can remain robust, but users should avoid rushed migrations that create new centralized points of failure. -Source

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