Overview of Key Overnight Developments on June 12

1. Chanos: I sold MSTR and bought Bitcoin;

2. Ethereum NFT trading volume has rebounded to 2022 levels;

3. Payment giant Stripe acquires crypto wallet provider Privy;

4. US Treasury Secretary reiterates that stablecoins could cement the dollar's dominance;

5. The US Senate has passed the GENIUS Act related to stablecoins;

6. GameStop plans to privately issue $1.75 billion in convertible preferred notes;

7. US Treasury Secretary: Still expects stablecoin demand for US Treasuries to reach $2 trillion;

8. Michael Saylor: STRD is listed on Nasdaq today, becoming the third Bitcoin-backed preferred stock.