FameEX Morning Crypto News Recap | June 12, 2025
2025-06-12 03:47:07Trump: A 1% Rate Cut by the Fed Would Drastically Reduce Debt Interest
Trump called on the Truth platform for the Federal Reserve to reduce interest rates by one full point, highlighting that this would greatly lower the interest on maturing debt, which is vital.
Treasury’s Scott Bessent Now a Leading Candidate for Federal Reserve Chairman
U.S. Treasury Secretary Scott Bessent is being considered as a potential replacement for Jerome Powell as Federal Reserve Chairman. Powell's term expires in May 2026, and President Trump has suggested that he will announce a successor shortly.
U.S. Senate Votes to Progress Genius Act Toward
The U.S. Senate advanced the Genius Act with 68 votes in favor and 30 against, following over a month of discussion.
Analyst: Despite Nearing Peak Prices, Bitcoin Whales Show No Signs of Profit-Taking
CryptoQuant analyst Dan observed that Bitcoin is approaching historical highs, but no large whales have taken profits, possibly waiting for higher prices or market overheating before acting.
Tether’s CEO Suggestsof Stablecoin Collaboration with Bank of America
Tether CEO Paolo Ardoino retweeted news about Bank of America issuing a stablecoin, captioned "Choose your player," suggesting a potential partnership. Bank of America's CEO had earlier shown interest in launching a stablecoin, emphasizing its use primarily for cryptocurrency transactions.
Massive Leveraged Bitcoin Purchases by Strategy Could Shake BTC Markets
Sygnum, a regulated digital asset bank, noted that Strategy is using leverage to accumulate excessive BTC holdings. This could disrupt liquidity and sentiment, posing long-term risks to Bitcoin's stability and limiting its adoption by institutional investors.
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