This article is excerpted from The Block's newsletter "The Daily," reporting on several important developments in the cryptocurrency sector. Firstly, Strategy (formerly MicroStrategy) announced the upgrade of its "21/21 Plan" to the "42/42 Plan," advancing its $84 billion Bitcoin strategy, which led to a stock price increase of approximately 3.8%. Secondly, Movement Labs suspended co-founder Rushi Manche amid a market manipulation scandal, with investigations ongoing. Additionally, Nasdaq-listed logistics solutions company Fr8Tech plans to establish a $20 million corporate treasury dedicated to purchasing official Trump commemorative coins to promote fair trade between the US and Mexico. The US Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) proposed cutting off Cambodian Huione Group's access to the US financial system due to allegations of over $4 billion in money laundering activities, including $37 million linked to North Korean hackers. Gaming operating system Playtron launched Game Dollar at the Dubai Sui Basecamp, a programmable stablecoin supporting purchases, subscriptions, and rewards within its ecosystem. Lastly, The Block's Tim Copeland interviewed Aptos Labs CEO Avery Ching to explore whether the crypto AI content at TOKEN2049 was substantive.

The following article is adapted from The Block’s newsletter,The Daily, which comes out on weekday afternoons.It's Friday! You know times have changed when a U.S. Congressman is pushing to install crypto ATMs in federal buildings — all in the name of aligning with President Trump's "vision." But given the notoriously bad exchange rates those machines offer, it doesn't exactly scream "Art of the Deal."In today's newsletter, analysts remain bullish on Strategy's "turbocharged" $84 billion bitcoin plan, Movement Labs suspends co-founder Rushi Manche following an alleged market-making scandal, Nasdaq-listed Fr8Tech plans to create a $20 million TRUMP memecoin treasury and more.Meanwhile, amid the charade of crypto-AI booths, panels and pitches at TOKEN2049, The Block's Tim Copeland sat down with Aptos Labs CEO Avery Ching to find out if any of it was more than just smoke and mirrors.Let's get started.Strategy (formerly MicroStrategy) is trading up around 3.8% on Friday after doubling down on its "21/21 Plan" with a new "42/42 Plan."Movement Labs confirmed it has suspended co-founder Rushi Manche as it continues to investigate an alleged MOVE token dumping scandal.Nasdaq-listed logistics solutions firm Fr8Tech plans to create a $20 million corporate treasury dedicated to buying Official Trump memecoins, aiming to advocate for fair trade between the U.S. and Mexico.The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) proposed cutting off the Cambodia-based Huione Group from the U.S. financial system over $4 billion in alleged money laundering, including $37 million linked to North Korean hackers.Gaming operating system Playtron unveiled Game Dollar at Sui Basecamp in Dubai on Friday — a programmable stablecoin built with support from M0 and Bridge for purchases, subscriptions and rewards across its ecosystem.Never miss a beat with The Block'sdaily digestof the most influential events happening across the digital assetecosystem.

Strategy launches the $84 billion Bitcoin “42/42 Plan,” Movement Labs co-founder Rushi Manche suspended