🗞️ You need to update today's news:
- Treasury Secretary Scott Bessent stated that stablecoins linked to the dollar could reach a market capitalization of $2 trillion, calling this a "very reasonable figure" that could strengthen the global position of the dollar.
- The U.S. Senate passed the GENIUS stablecoin bill with a vote of 68-30, setting it up for debate and a full vote before potentially moving to the House of Representatives.
- GameStop proposed a $1.75 billion convertible bond offering, with the proceeds to be used for general corporate purposes including investments aligned with the company's policy.
- U.S. Treasury Secretary Bessent stated that the U.S. debt ceiling must be raised and expanded.
- The CEO of Bank of America stated that the bank is developing an independent stablecoin and collaborating with industry partners.
- Stripe will acquire the cryptocurrency wallet startup Privy to simplify wallet integration and expand its cryptocurrency product stack.
- President Trump urged the Fed to cut interest rates by one point.
- U.S. inflation rose to 2.4%, lower than the estimated 2.5%.
