
Cointelegraph|Jun 12, 2025 03:01
🗞️ Need to catch up on the news? Here's our top 10 from today:
🔸 Treasury Secretary Scott Bessent says dollar-linked stablecoins could hit a 2 trillion market cap, calling it "a very reasonable number" that could strengthen the dollar's global position.
🔹 The US Senate has advanced the GENIUS stablecoin bill with a 68-30 vote, setting it up for debate and a full floor vote before potentially heading to the House.
🔸 GameStop proposes 1.75 billion convertible bond offering with proceeds to be used for general corporate purposes including investments aligned with its policy.
🔹 United States Secretary of the Treasury Bessent says the US debt ceiling must be raised and extended.
🔸 Bank of America CEO says the bank is developing a stablecoin both independently and in collaboration with industry partners.
🔹 Stripe to acquire crypto wallet startup Privy to simplify wallet integration and expand its crypto product stack.
🔸 President Trump urges Fed to cut rates by one full point.
🔹 US inflation rises to 2.4%, below the estimated 2.5%.
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