Michael Saylor, a Strategy analyst, believes that Apple’s buyback program could benefit from Bitcoin exposure.
Saylor’s Proposition follows BitcoinBTCApple stock has declined 18% since 2025.
As a result of the growing shift in corporate culture, traditional companies have begun to adopt digital assets outside Bitcoin.
Interactive Strength, a Nasdaq listed fitness equipment maker, announced on Wednesday that it plans to raise as much as $500 million to establish Fetch.ai is the largest AI-based corporate Fetch.ai in the world.FETThe token Treasury.
Unidentified whales have been spotted in the area. $300 million leveraged Bitcoin The long-term position opened just hours after James Wynn, a millionaire investor, announced that he had returned to an anonymous trading account.
“Apple should buy Bitcoin,” Saylor: Share buyback disappointing
Michael Saylor is Strategy’s executive chairman. He believes that Apple should use Bitcoin in order to fix the low performance of the stock-buyback program.
“Apple should buy Bitcoin,” Saylor told a reporter on Tuesday that she was preparing to leave for a trip. post.
Saylor responded to Jim Cramer’s criticisms of Apple’s buyback program.
“The Apple buyback is not working right now,” Cramer had written in an X post.
“The company can leave it to earn a lot, or it can take some and integrate. It is not a badge of dishonor. It just isn’t,” He said.
Apple’s Buyback Program aims to decrease the number of shares outstanding and to return value to shareholders. according According to a filing made with the US Securities and Exchange Commission on May 20, 2024, the strategy of buying back $110 billion in stock was announced.
Apple shares have fallen by more than 17% from the beginning of the year.
Bitcoin’s value has increased by more than 17 percent in the same time period. according TradingView data. Zooming in, Bitcoin is up over 1,000% since the beginning of this year, while Apple’s shares are only up 137%.
SEC chairman blasts Gensler’s approach to cryptocurrency, defends own custody
Paul Atkins (Chairman of the US Securities and Exchange Commission, SEC) took a swipe at crypto policies from previous administrations during a discussion about digital assets regulation.
On Monday, the SEC’s crypto taskforce organized an event titled “DeFi and the American Spirit,” Atkins said The previous administration took an aggressive approach in the court system, implying that the former chairman Gary Gensler’s position on digital assets was taken with a heavy hand. The SEC policies regarding staking, as a provider of services, needed to be approved by Congress in order for them to remain valid. He also praised self-custody. “foundational American value.”
“I’m in favor of affording greater flexibility to market participants to self-custody crypto assets, especially where intermediation imposes unnecessary transaction costs or restricts the ability to engage in staking and other onchain activities,” Atkins stated at the event.
“Unfortunately, the prior administration undermined innovation in self-custodial digital wallets and other onchain technologies by asserting through regulatory actions that the developers of such software may be conducting brokerage activities.”
FTX Users fight to unlock $2.2 Billion in bankruptcy claims still disputed
Users are putting FTX, the bankrupt cryptocurrency exchange under scrutiny. They want to know if they can get approval for claims worth at least $2.2 Billion. Numerous creditors continue to fight to have their payments approved.
The FTX Recover Trust has started paying out its second installment on May 30. This involves repaying over $5 billion worth Digital assets are distributed to creditors that have met the pre-distribution criteria.
Sunil, FTX Creditor and Customer Ad-Hoc Committee Member, estimates that at least 2,25 billion dollars worth of payments are still in dispute.
“Current allowed claims: $7.5bn. Total Estimated allowed claims: $10.6bn. 30% of allowed claims are disputed – legit claims will be allowed,” Sunil wrote a letter in the Wednesday edition of X post.
Sunil said to Cointelegraph that the FTX estate has an extra $6.5 billion of reserves in case there are disputed claims. Sunil added:
“I foresee most of the disputed [claims] getting allowed for the next distribution.”
“However, there is much uncertainty regarding the Chinese claims, which made up 8% of claims on the bankruptcy,” Sunil added that it was difficult to estimate a timeframe for the payments until an official distribution partner supporting China has been announced.
MapleStory brings back Avalanche and tops the 1 million daily transaction mark twice in one weekend
Avalanche’s blockchain has exceeded the 1,000,000 daily transaction milestone twice in a single week. This is the first occasion since February 20,24 that the network has reached this landmark.
Avalanche transactions topped the marks on both June 1 and Saturday. According to Nansen, data on blockchain analytics, total transactions reached 5,8 million for the first week of June. This is the most since early 2024.
MapleStory Universe and Avalanche were largely responsible for the spike. noted MapleStory Universe, a Web3 gaming environment built using Avalanche is based on X. MapleStory N was its first title. It launched on May 15, 2009.
The side-scrolling role-playing online game landed on AvalancheThe daily blockchain transactions will barely exceed 500,000 by 2025.
MapleStory is now a cultural phenomenon among gamers The 2000s and the beginning of 2010 were a time when people began to socialize, make friends, and form romantic relationships. This was the proto-metaverse of socializing, making new friends, and forming relationships.
PancakeSwap now offers one-click DeFi UX crosschain swaps
PancakeSwap’s Decentralized Exchange (DEX), PancakeSwap launched crosschain swaps with a single click using the Across Protocol. The aim was to tackle one of most pressing issues regarding user experience in decentralized financial (DeFi).
This integration lets users swap assets with no need for complex third-party infrastructure or blockchain bridges that can complicate user experiences and add additional costs.
Across’s intention-based transfers allows users to define the desired result, for example swapping USDC.USDC( Base for) Wrapped Ether Arbitrum and compete with a relayer network to execute the transaction.
PancakeSwap’s interface allows for one-click token exchanges between BNB Chain and Arbitrum, Base and BNB Chain. This simplifies the transfer of tokens across different blockchain networks.
Crosschain activity historically has been based on blockchain bridgesThey have shown to be very vulnerable.
In 2022, Axie Infinity’s Ronin Bridge was drained One of the largest cryptocurrency exploits ever recorded has resulted in more than $60 million in crypto. Hackers targeted the private key multisignature system, which was a weak security measure.
Overview of the DeFi Market
The data collected from Cointelegraph Markets Pro TradingView shows that most of the largest 100 cryptos by market cap ended the last week in the negative.
It is important to note that the word “you” means “you”. Sonic (S) token decreased 14% as the biggest decline in the top 100, followed by the Jupiter (JUPThe weekly chart shows that the token is down by over 13 percent.
We thank you for taking the time to read our weekly summary on DeFi. We’ll see you next Friday with even more news, insight and information about this dynamically evolving field.
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Source: cointelegraph.com
