The Daily: MicroStrategy eyes trillion-dollar valuation in bitcoin bank endgame, Paradigm invests $20 million in Layer 2 project and more
2024-10-12

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 plans to launch a crypto derivatives exchange and more.
Meanwhile, Mt. Gox pushes its repayment deadline to 2025.
Let's get started.
MicroStrategy eyes trillion-dollar valuation in bitcoin bank endgame
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 invests $20 million in firm behind Layer 2 blockchain Odyssey
Paradigm has invested $20 million in Ithaca, a spinoff from the venture capital firm that is building a Layer 2 blockchain called Odyssey.
Arkham plans to launch crypto derivatives exchange
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.
Crypto whale loses $35 million in phishing attack
A crypto whale lost around $35 million worth of tokens in a phishing attack on the Blast network late Thursday.
China's fiscal stimulus announcement this Saturday could be market moving for bitcoin
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.
Looking ahead to next week
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