Former FDX executive, Ryan Salem, is reportedly heading to court to plead guilty to criminal charges. Tornado cash developer, Roman Storm, has pleaded not guilty to money laundering and sanctions evasion charges. ARK Invest has proposed a spot Ether ETF in collaboration with 21 Shares. The Financial Accounting Standards Board has approved new rules for disclosing cryptocurrency on balance sheets. The change allows companies to mark Bitcoin to market, making it a more accurate asset allocation. It is expected to make it easier for more companies to hold cryptocurrencies. Trading volume for cryptocurrency in August was at a four-year low, but institutional interest in Bitcoin remains strong.
Sure, here are the key facts extracted from the text:
1. Former FTX executive Ryan Salem is heading to court to plead guilty to criminal charges related to the collapse of a crypto exchange.
2. Tornado cash developer Roman Storm pleaded not guilty to money laundering and sanctions evasion charges.
3. Kathy Woods' company, Arc Invest, proposed a spot ether ETF in collaboration with 21 shares.
4. The Financial Accounting Standards Board approved new rules for how companies disclose crypto held on their balance sheets, allowing for marking crypto assets to market values.
5. The change in accounting rules is expected to make it easier for companies to hold crypto assets on their balance sheets and potentially increase institutional adoption.
6. Trading volume for crypto was at a four-year low, but this is not necessarily indicative of waning interest in cryptocurrencies.
These facts are presented in the order they appear in the text.