Hero's Image

Fed pivot, US corporations get clarity on crypto, and Ledger is breached

The Hash Insider

Crypto values dipped this week, catching its breath after eight weeks of green. But folks in the market are buzzing with optimism, thanks to signals about interest rates from last week's FOMC meeting. The Nasdaq Crypto Index (NCI) saw a 4.3% correction driven by ether (ETH) falling 5.2% and bitcoin (BTC) dropping 3.9%.


Captura de tela 2023-12-18 170041.png


FASB confirms 'Fair Value' approach for corporate crypto holdings

The US Financial Accounting Standards Board's recent update, effective after December 15, 2024, allows companies to recognize changes in cryptocurrency fair value versus the previous practice of reporting losses solely when assets are below purchase price. Companies can now diversify reserves without accounting obstacles, potentially boosting corporate demand for crypto assets. This benefits both businesses and investors, providing a clearer view of company holdings. It may also encourage US firms to explore crypto assets for balance sheet diversification.


Google prepares for potential bitcoin ETFs by easing crypto ad rules

The company is adjusting its crypto advertising policy to permit promotions for "cryptocurrency coin trusts," opening avenues for more crypto-related financial products. This shift coincides with speculation surrounding the approval of spot BTC ETFs. The updated policy is scheduled to be implemented on January 29.


Connector kit from hardware wallet provider Ledger faces major security threat 

An assault, stemming from a compromised software library within Ledger's ConnectKit, resulted in the injection of malicious code into the frontends of various decentralized applications. This breach posed a significant risk to Ledger users and their assets, prompting some projects to temporarily disable their websites. Ledger patched the vulnerability, but the incident serves as a reminder of potential risks in certain crypto projects.


From Hashdex: Notes from the CIO - An update on spot bitcoin ETFs

Our CIO Samir Kebage discusses the potential approval of spot bitcoin ETFs in the US in the new year. If approved, these ETFs could unlock a $50 trillion market, offering bitcoin exposure in a trusted and liquid vehicle. The SEC's decision process involves regulatory actions and filings, with a potential approval deadline by January 10, symbolizing market maturity and institutional readiness. This presents a significant opportunity for investors in 2024.



This material expresses Hashdex Asset Management Ltd. and its subsidiaries and affiliates (“Hashdex”)'s opinion for informational purposes only and does not consider the investment objectives, financial situation or individual needs of one or a particular group of investors. We recommend consulting specialized professionals for investment decisions. Investors are advised to carefully read the prospectus or regulations before investing their funds. The information and conclusions contained in this material may be changed at any time, without prior notice. Nothing contained herein constitutes an offer, solicitation or recommendation regarding any investment management product or service. This information is not directed at or intended for distribution to or use by any person or entity located in any jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation or which would subject Hashdex to any registration or licensing requirements within such jurisdiction. No part of this material may be (i) copied, photocopied or duplicated in any form by any means or (ii) redistributed without the prior written consent of Hashdex. By receiving or reviewing this material, you agree that this material is confidential intellectual property of Hashdex and that you will not directly or indirectly copy, modify, recast, publish or redistribute this material and the information therein, in whole or in part, or otherwise make any commercial use of this material without Hashdex’s prior written consent. 

Investment in any investment vehicle and cryptoassets is highly speculative and is not intended as a complete investment program. It is designed only for sophisticated persons who can bear the economic risk of the loss of their entire investment and who have limited need for liquidity in their investment. There can be no assurance that the investment vehicles will achieve its investment objective or return any capital. No guarantee or representation is made that Hashdex’s investment strategy, including, without limitation, its business and investment objectives, diversification strategies or risk monitoring goals, will be successful, and investment results may vary substantially over time. Nothing herein is intended to imply that the Hashdex s investment methodology or that investing any of the protocols or tokens listed in the Information may be considered “conservative,” “safe,” “risk free,” or “risk averse.”

Certain information contained herein (including financial information) has been obtained from published and non-published sources. Such information has not been independently verified by Hashdex, and Hashdex does not assume responsibility for the accuracy of such information. Hashdex does not provide tax, accounting or legal advice. Certain information contained herein constitutes forward-looking statements, which can be identified by the use of terms such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue”  “believe” (or the negatives thereof) or other variations thereof. Due to various risks and uncertainties, including those discussed above, actual events or results, the ultimate business or activities of Hashdex and its investment vehicles or the actual performance of Hashdex, its investment vehicles, or digital tokens may differ materially from those reflected or contemplated in such forward-looking statements. As a result, investors should not rely on such forward- looking statements in making their investment decisions. None of the information contained herein has been filed with the U.S. Securities and Exchange Commission or any other governmental or self-regulatory authority. No governmental authority has opined on the merits of Hashdex’s investment vehicles or the adequacy of the information contained herein.



Logo Hashdex
The material contained on this website is for informational purposes only and Hashdex, and its affiliates, is not soliciting any action based upon such material. The material is not to be construed as investment advice nor is it to be construed as recommendation, offer or solicitation to buy or sell any financial instrument or product or to adopt any investment strategy. Further, the material contained on this website does not constitute a representation that the financial instruments described therein are suitable or appropriate for any person. Past performance is not an indication of any future performance. This website may contain advertising of financial products.