It's Friday! In today's newsletter, Michael Saylor's MicroStrategy eyes a trillion-dollar valuation in its bitcoin bank endgame, Paradigm invests $20 million in the firm behind the Layer 2 blockchain Odyssey, blockchain analytics platform Arkham ARKM +18.70% plans to launch a crypto derivatives exchange and more.

Meanwhile, Mt. Gox pushes its repayment deadline to 2025.

Let's get started.

Michael Saylor said MicroStrategy's endgame was to become the world's leading bitcoin bank with the potential to reach a trillion-dollar valuation.

Paradigm has invested $20 million in Ithaca, a spinoff from the venture capital firm that is building a Layer 2 blockchain called Odyssey.

Popular blockchain analytics platform Arkham plans to launch a crypto derivatives exchange in November, targeting retail investors in an attempt to compete with giants like Binance.

A crypto whale lost around $35 million worth of tokens in a phishing attack on the Blast network late Thursday.

China's upcoming announcement on fiscal stimulus measures this Saturday could inject fresh liquidity into risk assets, potentially boosting the crypto market, according to several analysts.

Never miss a beat with The Block's daily digest of the most influential events happening across the digital asset ecosystem.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。