logo
Cryptocurrency Live News & Updates : Supreme Court Allows IRS Access to Coinbase Data

Cryptocurrency Live News & Updates : Supreme Court Allows IRS Access to Coinbase Data

Economic Times21 hours ago
01 Jul 2025 | 01:05:11 AM IST
The U.S. Supreme Court has opted not to hear an appeal from a Coinbase user, enabling the IRS to collect data from over 14,000 users without warrants. In a significant ruling, the U.S. Supreme Court has allowed the IRS to access data from Coinbase users, affirming the agency's authority without the need for individual warrants. This decision stems from a 2016 summons aimed at users who may have misreported crypto income, raising concerns about financial privacy and government surveillance. Meanwhile, Ethereum has surged past the 2,500 USDT mark, reflecting a 2.72% increase in just 24 hours, showcasing the ongoing volatility and potential in the cryptocurrency market. Zebec Network (ZBCN) is currently testing a crucial support zone, suggesting a possible bullish reversal after a recent price pullback. Additionally, the AI-driven trading platform DexOne has begun beta testing, promising innovative features to enhance trading strategies. Lastly, Strategy, the largest public Bitcoin holder, has expanded its holdings significantly, acquiring nearly 5,000 BTC amid rising market sentiment, indicating a robust confidence in Bitcoin's future. Together, these developments highlight the dynamic nature of the cryptocurrency landscape, with regulatory, technological, and market factors all playing pivotal roles. Show more
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

US stocks dip from record highs with Trump tax bill in focus
US stocks dip from record highs with Trump tax bill in focus

Economic Times

time3 hours ago

  • Economic Times

US stocks dip from record highs with Trump tax bill in focus

Synopsis The S&P 500 and Nasdaq indexes opened lower on Tuesday, after touching record highs a day earlier, as investors monitored U.S. trade talks and a voting marathon in Washington over President Donald Trump's tax and spending bill. The S&P 500 and Nasdaq indexes opened lower on Tuesday, after touching record highs a day earlier, as investors monitored U.S. trade talks and a voting marathon in Washington over President Donald Trump's tax and spending bill. ADVERTISEMENT The Dow Jones Industrial Average fell 33.3 points, or 0.08%, at the open to 44,061.49. The S&P 500 fell 17.7 points, or 0.29%, at the open to 6,187.25, while the Nasdaq Composite dropped 79.1 points, or 0.39%, to 20,290.611 at the opening bell. (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY

7 top Ethereum-based coins to buy before ETH's momentum triggers a sector rally
7 top Ethereum-based coins to buy before ETH's momentum triggers a sector rally

Time of India

time6 hours ago

  • Time of India

7 top Ethereum-based coins to buy before ETH's momentum triggers a sector rally

Ethereum (ETH) is presently trading at $2,417 with a market cap of $291 billion. Its price is rising because of sharding upgrades, DeFi expansion, and ETF inflows. Analysts predict that by the first quarter of 2026, the price will range between $7,000 and $10,000, representing a 2.9x to 4.1x increase. This will spark a rise in Ethereum-based tokens. The ETH ecosystem is still the backbone of DeFi and NFTs. Still, seven ERC-20 coins—Little Pepe ($LILPEPE), Pepe ($PEPE), Shiba Inu ($SHIB), Chainlink (LINK), Uniswap (UNI), Ondo (ONDO), and Polygon (POL)—are ready to make significant gains in the 2025 bull run. They may even outpace $ETH's steady growth with new technology and viral momentum. Little Pepe ($LILPEPE): The outstanding Meme Coin Set To Skyrocket In Stage 4 of its presale, Little Pepe ($LILPEPE) costs $0.0013 and operates a Layer 2 blockchain designed explicitly for memecoins. This cuts gas expenses and speeds up transactions. Meme Launchpad (Pepe's Pump Pad) helps create a viral environment by allowing new projects to start with anti-rug methods. Anti-sniper bot technology ensures that presales are fair, a trait that $ETH's ecosystem lacks. A group of anonymous professionals who have helped make many of the best meme coins on the market boom are working on and supporting Little Pepe ($LILPEPE) behind the scenes. Little Pepe isn't just hype; it's a project grounded in real experience and a profound understanding of meme culture. Pepe ($LILPEPE) is an excellent choice for those seeking significant returns. CLICK HERE TO BUY $LILPEPE Pepe ($PEPE): The Viral Meme Coin Veteran PEPE is an Ethereum-based memecoin that aims to reduce value. The currency draws inspiration from Matt Furie's Pepe the Frog meme. Its goal is to capitalize on the success of meme coins like Shiba Inu and Dogecoin, ranking among the top meme cryptocurrencies. PEPE holds prominence due to its zero taxes, transparency regarding its lack of purposes, and ease of use as a memecoin. Pepe ($PEPE) remains one of the most popular Ethereum-based meme coins, currently trading at $0.000009. Its popularity is due to its online meme appeal and strong community, as 99Bitcoins points out. $PEPE performs well due to retail excitement, while $ETH focuses on institutional investors. Analysts predict that by the end of the year, the price will have increased by 470% to $0.00005132. The power of the community makes it a major player in the Ethereum sector surge. Shiba Inu (SHIB): The Meme Coin Stalwart A community of millions owns the SHIB cryptocurrency and is fully decentralized, meaning no individual or organization has control over it. Based on the Ethereum blockchain, the SHIB cryptocurrency has gained significant popularity and is currently accepted both directly and indirectly as a payment method at hundreds of establishments. The value of Shiba Inu ($SHIB) sits at $0.0000 at this moment; however, its valuation relies on its ecosystem of Shiba Inu DeFi and Shiboshis, along with recent burns, including 115 million tokens burned, which certainly increases demand. It is currently 468% below its peak of $0.00008845. By the end of the year, analysts say it will be worth between $0.0000132 and $0.0000145. The SHIB community is bigger than the ETH retail base. $SHIB remains a solid Ethereum-based investment for the sector's rise, leveraging $ETH's momentum to drive moderate growth. Chainlink (LINK): The Decentralized Oracle Leader Chainlink is a layer on top of the blockchain that enables smart contracts to communicate with each other from anywhere in the world. With a decentralized oracle network, Chainlink enables blockchains to reliably connect to external data feeds, events, and payment mechanisms. This provides intricate smart contracts with the critical information they need to become the most popular type of digital agreement. The Chainlink Network is maintained by a large, open-source group of people who create data, run nodes, write smart contracts, conduct research, verify security, and more. The primary purpose of the company is to ensure that all node operators and users who wish to contribute to the network can do so in a decentralized manner. Chainlink ($LINK) is the backbone of DeFi, providing decentralized oracles for real-world data in smart contracts on the Ethereum blockchain. It costs $12.95. Its connections to Aave and Compound help it become more popular. $LINK is a strong selection for the sector rally, as it plays a key role in Ethereum's ecosystem and can capitalize on $ETH's DeFi momentum. Uniswap (UNI): The DeFi Exchange Titan Uniswap is a popular decentralized trading platform that enables easy trading of decentralized finance (DeFi) tokens without requiring any manual intervention. Uniswap aims to allow everyone with tokens to trade them automatically. It also wants to make trading on its platform faster and easier than it is on regular exchanges. Uniswap (UNI) is the biggest decentralized exchange on Ethereum, handling billions of dollars in trades for a price of $6.79. The V4 upgrade enhances fees and liquidity. Analysts predict that UNI will remain stable but not rise as quickly as other cryptocurrencies. $UNI is a strong candidate for a rally, as its governance and alignment with Ethereum make it a suitable fit for the DeFi rise of $ETH. Ondo (ONDO): The Real-World Asset Innovator The Ondo token holders are responsible for shaping the future of the Ondo DAO, which continues to work toward its goal of making high-quality finance accessible to everyone. The Ondo DAO grants ONDO holders certain rights regarding Flux Finance, which the Ondo DAO currently governs. At $0.73, Ondo ($ONDO) is the leader in real-world asset (RWA) tokenization on Ethereum, connecting DeFi with traditional finance with tokenized bonds and more than $500 million in TVL. $ONDO's focus on RWAs adds to its usefulness, and its expansion on Ethereum makes it a top choice for the sector's surge. Polygon (POL): The Layer 2 Scalability Star The Polygon Ecosystem Token can be used within the deep Polygon ecosystem. This token is essential for various activities within the Polygon, as well as for enabling numerous services within the Polygon ecosystem. Its most important use is staking, whereby users can lock their tokens and receive rewards in return. Additionally, the network pays extra tokens beyond the basic rewards, depending on several factors related to their holdings. Trading at $0.17, Polygon (POL) enhances Ethereum's scalability with rollups, powering DeFi and NFTs with $5B+ in TVL. $POL's role in Ethereum's ecosystem ensures it benefits from $ETH's rally, offering a blend of stability and high upside for the sector surge. Conclusion Ethereum's upcoming rise above $3,200 is expected to trigger a rally across the sector. Still, Little Pepe ($LILPEPE), Pepe ($PEPE), Shiba Inu ($SHIB), Chainlink ($LINK), Uniswap ($UNI), Ondo ($ONDO), and Polygon ($POL) are all expected to make 10x-100x gains that are much bigger than ETH's 2.9x-4.1x gains. Little Pepe ($LILPEPE) is in the lead with its Layer 2 blockchain. $PEPE and $SHIB have meme-driven 100x potential, while $LINK, $UNI, $ONDO, and $POL offer strong utility for returns of 10x to 40x, capitalizing on Ethereum's DeFi and scaling momentum. To get the most out of the 2025 bull run, buy Little Pepe ($LILPEPE) in the presale at with ETH/USDT and spread out your investments with these ERC-20 tokens. For more information about Little Pepe (LILPEPE) visit the links below: Website: Whitepaper: Telegram: Twitter/X:

When liquidity takes over, common sense takes a backseat; for next 10-12 days, ride the market move: Gautam Shah
When liquidity takes over, common sense takes a backseat; for next 10-12 days, ride the market move: Gautam Shah

Economic Times

time7 hours ago

  • Economic Times

When liquidity takes over, common sense takes a backseat; for next 10-12 days, ride the market move: Gautam Shah

Gautam Shah, Founder, Goldilocks Premium Research, says after a period of underperformance, the metals sector is poised for a potential 15% upswing, with both ferrous and non-ferrous stocks presenting attractive opportunities. Real estate also emerges as a compelling play on the India growth story, offering favorable risk-reward profiles. Additionally, select PSU stocks, particularly PSU banks, appear lucrative at current index levels due to their low P/E ratios. What is your view of the world? Lots of new highs, Bitcoin, S&P, Nifty, Nasdaq? Gautam Shah: Who would have thought – based on common sense and rationality – that markets would be at lifetime highs globally, given all the geopolitics that we have gone through in the recent past? It just tells you that when liquidity takes over, common sense takes a backseat. We saw that in the 2003, 2007 bull markets as well. But the price action has been crystal clear. We have been maintaining a bullish view despite all the uncertainties in the recent past. The setup continues to be quite solid. The Nifty went through a five-week lull where a lot of people thought that it was distribution, but actually it was consolidation. It was about building a higher base and thereafter, once the Nifty got past 25,200, the momentum only got better. Even now, there are no real signs of topping out. The market is headed towards the previous high of 26,200 and we review it there. I would say just stay bullish, do not overthink; participate and ride this move, be in the right pockets. It is great to see the broader markets do so well. With the midcap 100, the smallcap 100, all doing well with the largecaps. We seem to be in a bit of a sweet spot and the next 10-12 days should be sorted. But when the earning season kicks off, we will have to just take a step back and review the scene. But till then, all is well. So, for the next 10-12 days just stay with the market, do not go long, do not go short. But what happens after that if the earning season is not satisfactory, a little bit of a miss, a little bit of a hit? If it is okay, then are we in for a bad patch? Gautam Shah: It is unlikely because we have handled a lot of stress locally and globally. Let us not forget we went through a bear market for the broader markets between October 24 and March 25 where the average decline in stocks was about 36-37%. So, coming out of that bear market, coming out of some sort of a slowdown on an economic front, I think the numbers should only pick up. From what I learn from our influential clients, it seems it would not be too bad. In fact, it can only get better from here. Given all that RBI has done in the last two, two-and-a-half months, it is a huge tailwind for the corporate world. So, given all that, I do not think there is room for much disappointment and the market should be on track and we should see further upside towards lifetime highs, when we review. The last time we connected was back in May. You were very positive on Reliance. You said that the Reliance comeback will be very good and we have seen that shaping up. Reliance from close to Rs 1,150 odd is now sitting at Rs 1,500. The stock is retesting the levels of September highs. Why do you believe this time is different for Reliance because some of the brokerages are raising the target. What are you looking for in the technical front? Gautam Shah: More than the specific stock, the fact is there are too many things firing for the Nifty. We saw the banks do well. We saw Reliance making a strong comeback from the recent lows. That helps the overall market because there are too many factors and sectors we are batting for the Nifty. The Reliance comeback is obviously positive. I do not want to comment on specific stocks, but the entire sector looks quite encouraging and there is a high probability that it goes on to test the previous high. But we really take it from there. More than Reliance and energy, the sector that we have been very bullish on for the last three to six months is financial services and it is going to go on to do bigger things. Valuations are comfortable, fundamentals are excellent, earnings visibility is there and smart money action seems to be there and the charts are in great shape. Financial services is the place to be in and if you have to participate in this market rally, you need to be in financial services, housing finance companies, insurance companies, NBFCs, banks for the next three to six months. Anything else in terms of individual themes or ideas which are showing signs of sectoral churn? Gautam Shah: Yes, one thing is very clear that the big winners of the last three years are not doing as well anymore. That is very visible with what has happened in the last three or four months. Among the two pockets that we really like at these levels -- number one is metals. I have said this on multiple platforms in the last many months, I feel that the metals index is setting up for a 15% up move from current levels. A lot of these stocks are beautifully placed on the charts both ferrous and non-ferrous, even though our preference is more non-ferrous. There are big moves of anywhere between 15% and 30% in individual stocks coming. So, metals is a theme that one cannot ignore given the world that we live in currently. Secondly, if you have to play the real estate story, sometime back it was about power and infra which it still is and we continue to like it, but real estate is also a very good proxy to the India story right now and the entire real estate pack, the top five or seven names look excellent. So, you will be getting excellent risk-reward based long positions there. Just to add one more pocket here is PSU. At a 25,500 index can you get a high single-digit PE stock? PSU banks are right up there. So, the entire PSU basket at such elevated index levels looks very interesting and lucrative.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store