19 hours ago
Bitcoin vulnerability whitethorn supply a lucrative fiscal accidental for Apple’s banal buyback program, according to Strategy’s Michael Saylor.
Saylor’s proposition follows a Bitcoin (BTC) rally of implicit 11% since the opening of 2025, which outperformed the 18% diminution of Apple shares during the aforesaid period.
Illustrating a increasing firm shift, progressively much accepted companies are adopting integer assets beyond Bitcoin.
On Wednesday, Interactive Strength (TRNR), a Nasdaq-listed fittingness instrumentality manufacturer, announced plans to rise up to $500 cardinal to establish the world’s largest firm Fetch.ai (FET) token treasury.
Meanwhile, an unidentified whale opened a $300 cardinal leveraged Bitcoin bet, sparking speculation astir the investor’s identity, arsenic the agelong presumption was opened hours aft millionaire trader James Wynn announced that helium was backmost nether an anonymous account.
“Apple should bargain Bitcoin,” Saylor says, arsenic stock buyback disappoints
Apple, the world’s fourth-largest institution by marketplace capitalization, should bargain Bitcoin to code the mediocre show of its banal buyback program, according to Strategy enforcement president Michael Saylor.
“Apple should bargain Bitcoin,” Saylor said successful a Tuesday X post.
Saylor’s remark responded to Jim Cramer’s disapproval of the Apple buyback program.
“The Apple buyback is not moving close now,” Cramer had written successful an X post.
“The institution tin permission it to gain a lot, oregon it tin instrumentality immoderate and integrate. It is not a badge of dishonor. It conscionable isn’t,” helium said.
Source: Michael SaylorApple’s buyback programme aims to trim the fig of outstanding shares and instrumentality worth to investors, according to the $110 cardinal banal buyback strategy announced successful a May 2024 filing with the US Securities and Exchange Commission (SEC).
Source: Cointelegraph/TradingViewApple’s banal has declined much than 17% since the commencement of the year.
Over the aforesaid period, Bitcoin has gained much than 17%, according to information from TradingView. Zooming out, Bitcoin has surged implicit 1,000% successful the past 5 years, compared with a 137% summation successful Apple shares.
SEC seat bashes Gensler’s attack to crypto, defends self-custody
US Securities and Exchange Commission (SEC) Chair Paul Atkins took purpose astatine the erstwhile administration’s crypto policies successful a roundtable lawsuit exploring integer plus regulation.
In a Monday lawsuit led by the SEC’s crypto task unit titled “DeFi and the American Spirit,” Atkins said the anterior administration, suggesting the agency’s stance connected integer assets nether erstwhile seat Gary Gensler, took a heavy-handed attack done the courts. He added that the SEC’s policies connected staking arsenic a work supplier needed legislature support to person lasting authority, and touted self-custody arsenic a “foundational American value.”
“I’m successful favour of affording greater flexibility to marketplace participants to self-custody crypto assets, particularly wherever intermediation imposes unnecessary transaction costs oregon restricts the quality to prosecute successful staking and different onchain activities,” Atkins said astatine the event.
“Unfortunately, the anterior medication undermined innovation successful self-custodial integer wallets and different onchain technologies by asserting done regulatory actions that the developers of specified bundle whitethorn beryllium conducting brokerage activities.”
Paul Atkins addresses “DeFi and the American Spirit” roundtable participants connected Monday. Source: SECFTX users combat to unlock $2.2 cardinal successful still-disputed bankruptcy claims
Bankrupt cryptocurrency speech FTX is facing caller scrutiny from users warring for astatine slightest $2.2 cardinal worthy of disputed claims inactive pending approval, with galore creditors continuing to conflict to get their repayments approved.
The FTX Recovery Trust started its 2nd circular of payments connected May 30, repaying implicit $5 cardinal worth of integer assets to eligible creditors who had completed pre-distribution requirements.
Still, astatine slightest $2.25 cardinal worthy of repayments stay successful dispute, according to estimates shared by Sunil, FTX creditor and Customer Ad-Hoc Committee member.
“Current allowed claims: $7.5bn. Total Estimated allowed claims: $10.6bn. 30% of allowed claims are disputed - legit claims volition beryllium allowed,” Sunil wrote successful a Wednesday X post.
Source: SunilThe FTX property holds an further $6.5 cardinal worthy of reserves for disputed claims, which are apt to beryllium paid astatine the adjacent distribution, Sunil told Cointelegraph, adding:
“I foresee astir of the disputed [claims] getting allowed for the adjacent distribution.”
“However, determination is overmuch uncertainty regarding the Chinese claims, which made up 8% of claims connected the bankruptcy,” Sunil said, adding that it is hard to foretell a timeline for these payments until a organisation supplier supporting China is announced.
MapleStory revives Avalanche, tops 1 cardinal regular transactions doubly successful 1 week
The Avalanche blockchain surpassed 1 cardinal regular transactions doubly successful 1 week, the archetypal clip the web deed this milestone since February 2024.
Avalanche transactions topped the people connected June 1 and again connected Saturday. Total transactions for the week opening June 2 reached 5.8 million, the highest play full since aboriginal 2024, according to information from blockchain analytics level Nansen.
The spike successful enactment was mostly driven by MapleStory Universe, Avalanche noted connected X. MapleStory Universe is simply a Web3 gaming ecosystem built connected Avalanche. Its archetypal game, MapleStory N, launched connected May 15.
Before the side-scrolling online role-playing crippled landed connected Avalanche, the blockchain’s regular transactions seldom topped 500,000 successful 2025.
Avalanche web enactment stayed quiescent until MapleStory’s May 15 launch. Source: NansenMapleStory became a cultural improvement among gamers successful the 2000s and aboriginal 2010s. It was a proto-metaverse for socializing, making friends and adjacent forming romanticist relationships.
PancakeSwap launches one-click crosschain swaps to simplify DeFi UX
Decentralized speech (DEX) PancakeSwap has launched one-click crosschain swaps utilizing the Across Protocol, aiming to code 1 of the astir pressing idiosyncratic acquisition (UX) issues successful decentralized concern (DeFi).
The integration allows users to swap assets without analyzable blockchain bridges oregon different outer third-party infrastructure that complicate the idiosyncratic acquisition and incur further fees.
Across’s intent-based transfers let users to simply specify their desired outcome, specified arsenic swapping USDC (USDC) connected Base for Wrapped Ether (WETH) connected Arbitrum, and a web of relayers competes to fulfill the transaction.
One-click crosschain token swaps spell straight done PancakeSwap’s interface among BNB Chain, Arbitrum and Base, simplifying transfers crossed siloed blockchain networks.
PancakeSwap’s crosschain swaps. Source: PancakeSwapHistorically, crosschain enactment has relied connected blockchain bridges, which person proven to beryllium vulnerable.
In 2022, Axie Infinity’s Ronin Bridge was drained for much than $600 cardinal worthy of cryptocurrency successful 1 of the largest crypto exploits successful history. The hack targeted a backstage cardinal multisignature scheme, a information measurement that proved inadequate.
DeFi marketplace overview
According to information from Cointelegraph Markets Pro and TradingView, astir of the 100 largest cryptocurrencies by marketplace capitalization ended the week successful the red.
The Sonic (S) token decreased 14% arsenic the biggest diminution successful the apical 100, followed by the Jupiter (JUP) token, down implicit 13% connected the play chart.
Total worth locked successful DeFi. Source: DefiLlamaThanks for speechmaking our summary of this week’s astir impactful DeFi developments. Join america adjacent Friday for much stories, insights and acquisition regarding this dynamically advancing space.
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