ChainCatcher news, according to TheBlock, Bitcoin and Ethereum ETFs achieved historic success in 2024, which can be said to be the biggest news in the cryptocurrency and traditional financial markets this year. With a crypto-friendly White House, will this year's success pave the way for a Dogecoin spot ETF in 2025?In response, ETF Store President Nate Geraci stated, "I think everything is on the table under the new government's leadership. I hope the new administration acts quickly to designate which crypto assets are securities and which are not. Once that framework is in place, the approval path for the remaining cryptocurrency spot ETFs should become clearer."Cryptocurrency analyst Louis Sykes said, "I am very confident that we will see Solana ETF trading in the first half of 2025, while the chances for DOGE are much smaller, as Wall Street prefers assets that were not born as memes."Bloomberg Senior ETF Analyst Eric Balchunas stated, "Today's irony is tomorrow's ETF. You can ask yourself if a DOGE ETF is far off. I would say we will see a DOGE ETF; I think someone will try it because why not?"Two Prime Digital Assets CEO Alexander Blume stated, "A DOGE ETF filing is definitely going to happen, and with the huge success of the BTC ETF, entrepreneurial financial firms will seek to create any product that could succeed."

ChainCatcher news, according to Cointelegraph, rumors have begun circulating on social media about Ripple Labs CEO Brad Garlinghouse's recent meeting with incoming President Trump, as the company and Garlinghouse face criticism from industry executives. In response to these rumors, former Messari CEO and founder Ryan Selkis commented, "Brad Garlinghouse is vigorously promoting the deployment of XRP and CBDCs." Riot Platforms Vice President of Research Pierre Rochard retweeted Selkis's comment.Rochard agreed with Selkis's view and wrote, "We cannot allow Ripple to influence U.S. policy-making with their anti-Bitcoin agenda," and expressed hope that Trump would appoint more Bitcoin supporters to his administration. It is rumored that Garlinghouse's meeting with Trump was one of the catalysts for the recent rise in XRP.When appearing on Fox Business recently, Garlinghouse neither confirmed nor denied the rumors of a meeting with Trump. However, he expressed confidence in the future of the crypto industry under Trump's administration. He also stated that he was not surprised by the positive reaction of the crypto market following Trump's victory on November 5. Garlinghouse pointed out that SEC Chairman Gary Gensler's hostility towards the industry is a major driving force suppressing U.S. crypto projects.

ChainCatcher news, according to CryptoSlate, industry experts indicate that Coinbase may face regulatory challenges in complying with the new Financial Accounting Standards Board (FASB) accounting standards in the United States. It is reported that the standard shifts the accounting and disclosure of cryptocurrencies from a low-cost impairment model to a fair value model.These rules were agreed upon by FASB in 2023 and will officially take effect in 2025. However, companies are allowed to adopt these standards early, and some companies, including Coinbase, have already followed this standard.The new standards aim to provide a more accurate valuation of digital assets by capturing the latest value of digital assets rather than treating them as intangible assets, which has been the standard practice.Olga Usvyatsky, former Vice President of Research at Audit Analytics, pointed out that while the new regulations provide investors with more useful decision-making information, they also introduce volatility to company earnings. Companies typically mitigate this volatility by using non-GAAP measures in their financial reports. However, these cannot create separately customized metrics. Usvyatsky believes that Coinbase has precisely done this.Before adopting the new rules, Coinbase excluded cryptocurrency impairment costs from its adjusted EBITDA reconciliation. After adopting the rule, the company excluded fair value fluctuations, which Usvyatsky believes is also a form of customized accounting as it ignores normal recurring operating expenses.Coinbase categorizes its cryptocurrencies on its balance sheet into four new items: investments, operational purposes, borrowed cryptocurrencies, and loan collateral. These assets are accounted for at fair value, with the determination of fair value varying, affecting the recorded gains or losses when market values change.The company also revised the definition of adjusted EBITDA to account for the gains and losses of cryptocurrencies held for investment, believing that these do not represent the normal recurring operating expenses required by its business.Usvyatsky stated that the SEC had previously questioned the company's non-GAAP adjustments, particularly sending letters to Bit Digital and MicroStrategy inquiring about similar impairment eliminations in their financial reports. In a follow-up letter to MicroStrategy in December 2021, the SEC requested that the company remove "the adjustment for impairment expenses related to Bitcoin in non-GAAP measures" in future filings.

ChainCatcher news, according to FOX Business, it is not possible to confirm whether the Meme token DJT on Solana has a direct or indirect connection to Trump, but industry insiders say that individuals associated with the former president have been planning to launch a digital currency for at least two months.

ChainCatcher message, Bloomberg ETF analyst Eric Balchunas posted on X: "Today at the Proof of Talk inside the Louvre, I had an enlightening discussion with 21Shares co-founder Ophelia Snyder, digital asset analysts Matthew Sigel and Jason Xavier. Everyone agrees that tokenization is important, but it may not be a substitute for ETFs.Sigel predicts that the size of the U.S. Bitcoin ETF will exceed $500 billion within 5 years, while Snyder stated that globally it could surpass that figure. They both believe I may have underestimated the demand for Ethereum ETFs, and they plan to position it as 'production tech stocks' and the 'ultimate app store,' which is in stark contrast to Bitcoin's promotional positioning."