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Futures
Futures
Hundreds of contracts settled in USDT or BTC
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HOT
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CandyDrop
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Quick staking, earn potential new tokens
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Hold GT and get massive airdrops for free
Launchpad
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Alpha Points
NEW
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Futures Points
NEW
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Simple Earn
Earn interests with idle tokens
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Auto-invest on a regular basis
Dual Investment
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Soft Staking
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Lending Center
One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
Smart Leverage
NEW
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GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
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Activity Center
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20 USDT
Earn 40% commission or up to 500 USDT rewards
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Gate promises 100% proof of reserves
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FASB Implements Fair Value Accounting Rules for Bitcoin
According to PANews, the Financial Accounting Standards Board (FASB) has officially implemented fair value accounting rules for Bitcoin, effective today. Previously, companies could only assess Bitcoin's value based on its purchase price, without considering any appreciation.
This development is expected to significantly impact how businesses manage Bitcoin as a reserve asset. Michael Saylor, the founder of MicroStrategy, highlighted last week that the FASB's adoption of these rules marks a pivotal change. The new accounting standards will apply to fiscal years beginning after December 15, 2024. This advancement is anticipated to encourage more companies to adopt Bitcoin as a reserve asset, potentially increasing its integration into #Crypto Rebound: Which Coins Are You Watching? #Will Memecoins Experience another surge? corporate financial #BTC Returns to $100K: What’s Next? strategies