Gate.io Blog Daily Flash | Tesla has not bought or sold any cryptocurrency since 2021；Ethereum beacon chain validators exceeded 350,000

Daily Flash | Tesla has not bought or sold any cryptocurrency since 2021；Ethereum beacon chain validators exceeded 350,000

21 April 13:57

Today's Topic - Tesla has not bought or sold any cryptocurrency since Q1 2021

As of April 21, according to Tesla's latest financial report for the first quarter of 2022, it currently has $1.26 billion in digital assets, which is from the same as its holdings at the end of the fourth quarter of 2021.

The statement shows that Tesla has not bought or sold any cryptocurrency since the first quarter of 2021, and any change in the holding value of the company's digital assets comes from price fluctuations. In the third quarter of 2021, due to the decline of BTC price, Tesla was required to report an impairment of $51 million in the financial statement balance sheet.

Tesla reported revenue of $18.76 billion in the first quarter of 2022, exceeding the expected $17.8 billion. Automobile revenue was $16.86 billion, representing an increase of 87% over the same period last year. According to the accounting rules of the Securities and Exchange Commission on digital assets, if the price of digital assets falls in a quarter, the company must report impairment; If the price of digital assets rises, they should not be reported as income on the balance sheet unless the relevant assets are sold.

Do you think Tesla will increase or decrease its holdings of digital assets in the future?

Today's Chart - The number of network validators of Ethereum beacon chain exceeded 350,000

According to the latest data on Ethereum's official website, the number of network validators of the beacon chain has exceeded 350000, up from 351118 before the issuance of the news. In addition, the current total staking volume of Ethereum beacon chain is 11235675 ETH.

Today's Influencer - Ripple CEO opposes polarization in cryptocurrency

Yesterday, Brad Garlinghouse, chief executive officer of Ripple, said in an interview that tribalism is harmful to the cryptocurrency industry, and unhealthy polarization does not bode well for the growth of the cryptocurrency market. He said that many high-quality cryptocurrencies can succeed, which is why tribalism has no place.

He recalls that many companies managed to thrive at the same time during the Internet boom in the late 1990s because they were committed to solving different problems. He also said he was particularly worried about the lack of effective communication and coordination between cryptocurrency industry leaders and regulators in Washington. Garringhouse called the lack of cooperation "shocking".

Hot events yesterday - #Australian Bitcoin spot ETF , #NBA playoff dynamic NFT#

Australia's first BTC and ETH spot ETF will be launched next week

NBA announced the release of a dynamic version of the playoffs NFT

US Secret Service has seized $102 million worth of illegal cryptocurrency

"Double blackmail" attack increased by 500%, Monero may become the first-choice cryptocurrency

CEO of Ripple: Bitcoin's "tribalism" is hindering the development of the cryptocurrency industry

Author: Gate.io Observer Byron B.,Translator: Joy Z.
* This article represents only the views of the observers and does not constitute any investment suggestions.
*Gate.io reserves all rights to this article. Reposting the article will be permitted provided Gate.io is referenced. In all other cases, legal action will be taken due to copyright infringement.

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Daily Flash | Tesla has not bought or sold any cryptocurrency since 2021；Ethereum beacon chain validators exceeded 350,000

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