The US government has urged the Supreme Court not to take up a Coinbase user’s challenge against the Internal Revenue Service’s (IRS) effort to obtain his crypto transaction records. In a filing dated May 30, Solicitor General D. John Sauer argued that Coinbase user James Harper has no Fourth Amendment right to shield his financial records held by the exchange. The government claimed that Harper “voluntarily” shared his data with Coinbase, and that the IRS followed proper legal procedures to obtain it through a judicially approved summons. Harper’s case centers…
Month: May 2025
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BlackRock’s Bitcoin ETF ends 31-day inflow streak with biggest outflow ever
The world’s largest asset manager, BlackRock, has ended its 31-day spot Bitcoin exchange-traded fund (ETF) inflow streak with its biggest recorded outflow day since the product launched in January 2024. On May 30, BlackRock’s iShares Bitcoin Trust (IBIT) ended its significant inflow streak with its largest daily outflow of $430.8 million, according to Farside data. Before this, IBIT’s largest outflow day was on Feb. 26, with $418.1 million in outflows. BlackRock Bitcoin ETF massive outflow day ETF analyst Nate Geraci said in a May 31 X post, “What a run…
Analysts predict XMR and XYZ could see 3x gains due to strong Bitcoin market correlation
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Analysts forecast XMR and XYZ could triple in value, linked to Bitcoin trends, sparking investor attention and optimism. Analysts forecast that XMR and XYZ could potentially triple in value. This prediction is based on their strong connection to Bitcoin’s current market trends. The possibility of such significant gains has captured the attention of investors and market observers. Could these cryptocurrencies be poised for remarkable growth in the near future?…
What is Cryptocurrency Trading & How to Earn Money from Crypto in Pakistan
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Bitcoin Price Sees Drop as Altcoin Traders Face Increased Pressure
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…
Bitcoin ETFs Soar as Investors Flee Gold Holdings
A strategic pivot among investors is becoming clear as capital shifts from traditional safe havens to digital alternatives. Over the past five weeks, U.S.-based bitcoin ETFs attracted more than $9 billion in inflows, predominantly led by Blackrock’s Ishares Bitcoin Trust (IBIT), while gold ETFs experienced over $2.8 billion in outflows. Analysts cite bitcoin’s rising appeal […] Original
Webus Plots $300M XRP Reserve to Obliterate Cross-Border Payment Friction Fast
China-based Webus is unleashing plans for a $300 million XRP reserve, aiming to obliterate global payment barriers and redefine cross-border mobility with blockchain and AI. $300M XRP War Chest: Webus Preps for Global Payment Disruption With Blockchain Boost Webus International Ltd. (Nasdaq: WETO) announced on May 29 a dual-pronged initiative aimed at transforming both its […] Source CryptoX Portal
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Ethereum’s ‘own Saylor’ SharpLink Gaming plans $1B ETH purchase
US sports betting platform SharpLink Gaming has filed with the Securities and Exchange Commission (SEC) to offer up to $1 billion in shares of common stock in an effort to increase the holdings of its newly launched Ether treasury. “We intend to use substantially all of the proceeds from this offering to acquire Ether, the native cryptocurrency of the Ethereum blockchain commonly referred to as “ETH,” SharpLink Gaming said in the May 30 filing. SharpLink outlines ETH investing risks “We also intend to use the proceeds from this offering for…