The FASB's recent accounting rule revisions are poised to provide a more favorable outlook for companies holding digital assets, helping them mitigate the unfavorable optics generated by impairment losses, as stated in the report.
CRV experienced a significant surge of over 7.6% following the purchase of more than $2 million worth of the token by Justin Sun, the founder of the Tron blockchain. On the other hand, ETH and SOL maintained a slightly negative trend, despite witnessing some upward movement in the past few hours.
Shares of Coinbase, which was selected as the preferred platform for surveillance-sharing agreements in ETF applications, surged above $80 at approximately 11:30 ET on Monday.
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