towards new crypto accounting standards

Check the best trends & indicators [View in Browser]( Ever heard of Coinbase’s new Layer-2, called Base? Its main objective is ambitious: [to onboard the next billion users into crypto.]( The good news is: you can now create a Base account in your Ledger Live Desktop and Mobile Android to send and receive ETH, with your private keys securely stored in your device. [Learn More →](  News Corner   [The U.S. Financial Accounting Standards Board votes for long-awaited crypto accounting rules.]( This newly voted standard would require businesses to use fair-value accounting for bitcoin and certain other crypto assets. Crypto-focused companies have long rallied for this shift, as it would allow them “to treat digital assets as they would some financial assets instead of as indefinite-lived intangible assets,” writes the Wall Street Journal. “This upgrade (...) eliminates a major impediment to corporate adoption of BTC as a treasury asset,” [Michael Saylor reacted on X.]( [Amid mounting privacy concerns, Vitalik Buterin explores a privacy successor to Tornado Cash.]( Ethereum’s founder defends a new project, “privacy pool,” a “privacy-enhancing protocol” that aims to separate transactions involving criminal activity from those from honest users. “All users with ‘good’ assets have strong incentives and the ability to prove their membership in a ‘good’-only association set,” the paper says. “Bad actors, on the other hand, will not be able to provide that proof.” [El Salvador’s Ministry of Education unveils a Bitcoin course for school students.]( The country’s Ministry of Education has partnered with a non-profit NGO to include Bitcoin in its school curriculum. The Bitcoin Diploma program will initially be taught to 150 teachers from 75 schools to help them understand the basics of Bitcoin and its foundational concepts. Yesterday, the country’s Bitcoin experiment hit a two-year milestone.     Market Indicators  [2nd]( Starknet became the second most active Layer-2 by transaction volume this week as it posted a record-high throughput of 9 transactions per second (TPS) on September 3rd. The Layer 2 competition is heating up? [46]( Today’s crypto Fear & Greed Index (Fear). Despite positive news of seeing a Bitcoin ETF soon materializing, additional Spot Bitcoin ETF delays, a strengthening U.S. dollar and increasing regulatory pressure have all influenced lower performances over the past 7 days.    Ledger Stories    Keep your security secure with [our Ledger Nano x Pod bundle!]( Grab a Ledger Nano now and get a Ledger Nano Pod to keep it secure for up to 50% off.  We collaborated with the token-based community Friends With Benefits (FWB) [on a summer podcast series]( interviewing creative talents around the Web3 galaxy.  Ledger Recover Genesis Series Part 4 - Controlling Access to the backup: Identity Verification [is now available.]( Insight  Real-World Assets Tokenization: A Trillion Dollar Opportunity? Many people and businesses are betting that crypto's future lies in bringing "real world" assets, including stocks, bonds, equities, metal, or gold, on-chain. This week alone, significant crypto players including Coinbase, Circle, and Aave, [launched]( a "Tokenized Asset Coalition" with a strong focus on education. “Two years ago, the majority of people (...) thought about crypto as a crazy volatile asset class, but over the last few years, the visionaries have understood that no, actually, this is the internet for finance,” [said]( Lucas Vogelsang, CEO of Centrifuge. [→]( here for the full article.](   [Ledger]( Follow us on: [Ledger YouTube]( [Ledger Twitter]( [Ledger Instagram]( [Ledger Facebook]( [Ledger TikTok](ledger) & listen to our podcast [here](. This email was sent to you because you signed up at Ledger.com or purchased a Ledger product. We respect your right to privacy. Read our [Privacy Policy]( and [Cookie Policy](. © Ledger SAS. All rights reserved. Ledger brands are registered trademarks of Ledger SAS. Ledger SAS, 1 rue du Mail, 75002 Paris To unsubscribe from future emails or to update your email preferences, [click here](NAME}L86DBG?a=n&i=n&elqTrackId=7e9bde660abe4ef6aae1d6d4dcc02590&elq=f6517f5483894a1782e5fa246d74a29a&elqaid=684&elqat=1&elqCampaignId=250).