In corporate accounting, a profit and loss (P&L) statement is a type of financial statement that shows the amount of money made and spent over a certain period. The activity of P&L calculation is called P&L accounting. However, in the crypto / digital asset market, P&L accounting is in general similar to the traditional market but has additional complexity. In this article, 1Token will share insights on the calculation of P&L in crypto trading.
Bitcoin Pumped in Expectation of the Spot ETF | Crypto Daily Digest Oct.24
After the first gold ETFs were approved in 2003, the price of gold increased by 420% in the following 10 years. And that's for the old and traditional asset, gold. Imagine what the ETF impact could be for Bitcoin?
Taproot Asset, Bringing Stablecoins Back to the Bitcoin Network | Crypto Daily Digest Oct.19
USDT was initially issued on the Bitcoin network's Omni Layer before moving to Ethereum and many other Layer 1 networks. Lightning Network's Taproot Asset allows stablecoins to return to the Bitcoin network.
Bitcoin Shows No Correlation with All Major Asset Classes | Crypto Daily Digest Oct.18
Recent research by Galaxy claims Bitcoin can be a hedge asset against global uncertainties for investment portfolios in the long run due to its low or even negative correlation to most major asset classes.
While the news of the Bitcoin Spot ETF approval turned out to be false, it undeniably buoyed market sentiment. Several policy signals have all pointed to the fact that approving a spot Bitcoin is only a matter of time.
October Large Token Unlocks | Crypto Daily Digest Oct.13
In October, several prominent projects, including Aptos, ApeCoin, Axie Infinity, and Optimism, will undergo a new round of token unlocks. We have calculated the potential price impact of these token unlocks.