FameEX Morning Crypto News Recap | June 12, 2025
2025-06-12 03:45:37Trump Calls for Full-Point Fed Rate Cut to Ease Maturing Debt Burden
Trump urged on the Truth platform that the Federal Reserve should cut interest rates by one full point, emphasizing that this would significantly reduce the interest on maturing debt, which is crucial.
Scott Bessent, U.S. Treasury Secretary, Emerges as Top Contender for Fed Chair
U.S. Treasury Secretary Scott Bessent is emerging as a possible candidate to replace Jerome Powell as Federal Reserve Chairman. Powell’s term ends in May 2026, and President Trump has hinted he will announce a successor soon.
U.S. Senate Moves Forward on Genius Act
The U.S. Senate advanced the Genius Act with 68 votes in favor and 30 against, after over a month of proposal.
Analyst: Bitcoin Nears Record Highs, But Whales Are Still Holding
CryptoQuant analyst Dan noted that Bitcoin is nearing historical highs, but no large whales have taken profits. Whales may be waiting for higher prices or for the market to overheat before making moves.
Tether CEO Suggests Partnership with Bank of America for Stablecoin Issuance
Tether CEO Paolo Ardoino retweeted news about Bank of America issuing a stablecoin with the caption "Choose your player," hinting at a potential collaboration. Bank of America’s CEO previously expressed interest in launching a stablecoin, focusing primarily on cryptocurrency transactions.
Massive Leveraged Bitcoin Buys by Strategy Could Destabilize BTC Markets
Sygnum, a regulated digital asset bank, reported that Strategy is accumulating excessive BTC holdings through leverage. This could impact liquidity and sentiment, creating long-term risks for Bitcoin's stability and hindering its broader adoption by institutional investors.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.