In this episode of the Crypto Daily Download, we dive into the latest developments in the cryptocurrency world. The Financial Accounting Standards Board is set to explore whether certain cryptocurrency assets can be classified as cash equivalents and how to account for crypto transfers. This decision is expected by the end of summer 2026. A small fintech company linked to a Trump family crypto project has made headlines by firing its auditor just weeks after hiring them, due to licensing issues. Bitmine, led by Tom Lee, is preparing to launch its Made in America validator network in early 2026, with ambitious projections of generating over $1 million per day in ETH staking rewards, contingent on several factors aligning. Strategy has made a significant move by purchasing over 1,200 Bitcoin for $109 million, raising its total holdings to nearly 672,500 Bitcoin, although the news has impacted its common stock negatively. Jane King with the latest from the NYSE.
