22. FAIR VALUE MEASUREMENT As of December 31, 2024, the Group’s assets that are measured at fair value on a recurring basis in periods subsequent to their initial recognition is as follows: | | | | | | | | | | | | | Fair value measurement | | | | | at December 31, 2024 | | | | | Quoted prices | | | | | | | | | in active | | | | | | | Fair | | markets for | | Significant other | | Significant | | | value at | | identical | | observable | | unobservable | | | December 31, | | assets | | inputs | | inputs | | | 2024 | | (Level 1) | | (Level 2) | | (Level 3) | | | US$ | | US$ | | US$ | | US$ | Description | | | | | | | | | Assets | | | | | | | | | Derivative assets* | | 859 | | — | | 859 | | — | Cryptocurrency assets | | 9,581 | | 9,581 | | — | | — | | | | | | | | | | Total Assets | | 10,440 | | 9,581 | | 859 | | — |
As of December 31, 2025, the Group’s assets that are measured at fair value on a recurring basis in periods subsequent to their initial recognition is as follows:
| | | | | | | | | | | | | Fair value measurement | | | | | at December 31, 2025 | | | | | Quoted prices | | | | | | | | | in active | | | | | | | Fair | | markets for | | Significant other | | Significant | | | value at | | identical | | observable | | unobservable | | | December 31, | | assets | | inputs | | inputs | | | 2025 | | (Level 1) | | (Level 2) | | (Level 3) | | | US$ | | US$ | | US$ | | US$ | Description | | | | | | | | | Assets | | | | | | | | | Derivative assets* | | 404 | | — | | 404 | | — | Cryptocurrency assets | | 6,978 | | 6,978 | | — | | — | | | | | | | | | | Total Assets | | 7,382 | | 6,978 | | 404 | | — |
* | Derivative assets are related to the accumulator and decumulator agreements in which the Company would purchase or pay out certain cryptocurrencies over the terms. The fair value of derivative assets not settled as of December 31, 2024 and 2025 were US$859 and US$404, respectively. |
The Group measures certain financial assets, including the investment under the measurement alternative method and equity method at fair value on a nonrecurring basis only if they were determined to be impaired. The Group’s non-financial assets, such as intangible assets and property and equipment, would be measured at fair value when an impairment charge is recognized.
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