From Apple to SWIFT: The Biggest Crypto Updates of the Week
The crypto industry is buzzing with major developments this week. From Apple’s Tim Cook revealing his personal crypto investments to Kraken’s plans for a U.S. IPO, digital assets are making headlines worldwide. Meanwhile, hacks, whale movements, and new regulatory initiatives continue to shape the market. Here’s a look at the top stories you need to know.
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Table of contents
- Apple CEO Tim Cook on Crypto
- Hyperdrive Hack
- Dormant Whale Moves 200,000 ETH
- Kraken Plans IPO
- SWIFT Stablecoin Project
- Rise in Millionaire Crypto Owners
- Bitmine Expands ETH Holdings
- Circle Eyes Reversible USDC Transactions
- Hacker Loses $48 Million in UXLINK Exploit
- SEC’s Innovation Exemption
- About Paybis
- Wrapping Up
Apple CEO Tim Cook on Crypto
Apple CEO Tim Cook revealed that he personally owns Bitcoin (BTC) and Ethereum (ETH). He described crypto ownership as a “reasonable” part of a diversified portfolio. While Apple itself has not made direct crypto investments, Cook’s comments highlight his confidence in digital assets. His stance may also influence mainstream investor interest in crypto.
Hyperdrive Hack
DeFi protocol Hyperdrive confirmed it suffered a security breach leading to losses of $773,000. The attack highlights ongoing vulnerabilities in decentralized finance platforms. Hyperdrive is currently investigating the exploit and working on strengthening its system. Users are advised to remain cautious when interacting with smart contracts.
Dormant Whale Moves 200,000 ETH
An Ethereum whale wallet, inactive since 2017, transferred 200,000 ETH worth about $785 million. Such large movements often raise speculation about market impact. The transfer did not immediately affect ETH’s price but sparked discussions among traders. Many believe it could signal renewed interest from early adopters.
Kraken Plans IPO
Crypto exchange Kraken is preparing for an initial public offering (IPO) in the United States. The company is currently valued at around $15 billion. An IPO would make Kraken one of the largest publicly traded crypto exchanges. This move could strengthen institutional adoption of digital assets.
SWIFT Stablecoin Project
Global payments network SWIFT announced it is working on its own stablecoin and blockchain-based messaging system. The project aims to improve cross-border settlement speed and transparency. This development shows traditional finance adopting blockchain innovations. SWIFT’s entry may also challenge existing stablecoin issuers.
Rise in Millionaire Crypto Owners
The number of individuals holding over $1 million in crypto has risen sharply in 2025. According to data, there are now 241,700 such owners, a 40% increase from the previous year. The surge reflects strong market growth and rising adoption. Crypto continues to attract high-net-worth individuals worldwide.
Bitmine Expands ETH Holdings
Bitmine added 264,000 ETH to its reserves, bringing its total holdings to 2,420,000 ETH. This makes the company one of the largest institutional holders of Ethereum. The purchase demonstrates long-term confidence in ETH as a leading digital asset. It may also influence liquidity and market sentiment.
Circle Eyes Reversible USDC Transactions
Circle, the issuer of USDC, is exploring a feature that would allow reversible stablecoin transactions. The move is aimed at addressing fraud, theft, and transaction disputes. While it could improve user protection, some critics argue it challenges blockchain’s immutability. The proposal is still in early discussion stages.
Hacker Loses $48 Million in UXLINK Exploit
A hacker attempting to exploit UXLINK lost $48 million in stolen crypto. Reports suggest part of the funds has already been moved to exchanges. The failed attack highlights the risks cybercriminals face when targeting blockchain platforms. Security experts continue to track the movement of the stolen assets.
SEC’s Innovation Exemption
The U.S. Securities and Exchange Commission (SEC) is expected to announce a new innovation exemption for crypto firms by the end of 2025. This measure would ease regulatory pressure on blockchain startups. It could help foster innovation while still maintaining oversight. The exemption may encourage more companies to operate in the U.S. market.
About Paybis
Paybis is a global cryptocurrency exchange platform that provides fast, secure, and user-friendly digital asset transactions. Founded in 2014, the company specializes in fiat-to-crypto and crypto-to-fiat conversions, enabling users to buy, sell, and swap Bitcoin, Ethereum, and other cryptocurrencies using various payment methods, including credit/debit cards, bank transfers, and e-wallets.
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With a strong focus on security and compliance, Paybis is registered with regulatory authorities and implements industry-leading AML/KYC procedures. The platform is known for its intuitive interface, 24/7 customer support, and competitive exchange rates, making it a preferred choice for both beginners and experienced traders.
Wrapping Up
Crypto markets are evolving quickly, with traditional finance, regulators, and major players stepping deeper into the space. While risks like hacks and scams remain, adoption is growing across individuals, institutions, and governments. These stories highlight how 2025 is shaping up to be a transformative year for the industry.
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