Bitcoin: The New Apple of the Stock Market?

Imagine this: Michael Saylor, the guy who’s practically a Bitcoin evangelist, is suggesting that Apple, the tech giant that’s practically a country in its own right, should start buying Bitcoin. 🤯

Now, why would he suggest such a thing? Well, it turns out that while Bitcoin has been on a bit of a winning streak, rising over 11% since the start of 2025, Apple’s stock has been taking a bit of a nosedive, down 18% in the same period. Ouch! 📉

But it’s not just Apple and Bitcoin that are making waves. More and more traditional companies are dipping their toes into the digital asset pool. For instance, Interactive Strength (TRNR), a company that makes fitness equipment (you know, the stuff you buy and then use once before it becomes a clothes hanger), announced plans to raise up to $500 million to create the world’s largest corporate Fetch.ai (FET) token treasury. 🏋️‍♂️💰

Meanwhile, an unidentified whale (not the marine kind, but the crypto kind) opened a $300 million leveraged Bitcoin bet. This happened just hours after millionaire trader James Wynn announced he was back under an anonymous account. Talk about timing! 🐳💰

Apple, the world’s fourth-largest company by market cap, should buy Bitcoin to address the poor performance of its stock buyback program, according to Strategy executive chairman Michael Saylor. “Apple should buy Bitcoin,” Saylor said in a Tuesday X post, responding to Jim Cramer’s criticism of the Apple buyback program. “The Apple buyback is not working right now,” Cramer had written. 🍏🚫

Apple’s buyback program aims to reduce the number of outstanding shares and return value to investors, according to the $110 billion stock buyback strategy announced in a May 2024 filing with the US Securities and Exchange Commission (SEC). But, as we all know, sometimes the best-laid plans go awry. 📜🚫

Apple’s stock has declined more than 17% since the start of the year, while Bitcoin has gained more than 17%. Over the past five years, Bitcoin has surged over 1,000%, compared with a 137% increase in Apple shares. Talk about a rollercoaster ride! 📈📉

But it’s not just about Apple and Bitcoin. US Securities and Exchange Commission (SEC) Chair Paul Atkins took aim at the previous administration’s crypto policies, suggesting that the agency’s stance under former chair Gary Gensler was a bit too heavy-handed. “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 said. 🏛️🚫

Bankrupt cryptocurrency exchange FTX is still causing headaches for its users, with at least $2.2 billion worth of disputed claims still pending approval. The FTX Recovery Trust started its second round of payments on May 30, repaying over $5 billion worth of digital assets to eligible creditors. But there’s still a long way to go. 🤑🚫

The Avalanche blockchain has been making waves too, surpassing 1 million daily transactions twice in one week. This surge in activity was largely driven by MapleStory Universe, a Web3 gaming ecosystem built on Avalanche. Before MapleStory N launched on May 15, Avalanche’s daily transactions rarely topped 500,000 in 2025. 🌄🎮

Decentralized exchange (DEX) PancakeSwap has launched one-click crosschain swaps using the Across Protocol, aiming to simplify the user experience (UX) in decentralized finance (DeFi). Historically, crosschain activity has relied on blockchain bridges, which have proven to be vulnerable. Remember the Axie Infinity’s Ronin Bridge hack in 2022? That was a doozy. 🌉🚫

According to data from CryptoMoon Markets Pro and TradingView, most of the 100 largest cryptocurrencies by market capitalization ended the week in the red. The Sonic (S) token decreased 14% as the biggest decline in the top 100, followed by the Jupiter (JUP) token, down over 13% on the weekly chart. 📉🚫

Thanks for reading our summary of this week’s most impactful DeFi developments. Join us next Friday for more stories, insights, and education regarding this dynamically advancing space. 📚🚫

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2025-06-13 21:27