US-based Coinbase has reportedly agreed to purchase the largest crypto options firm in the world, Deribit. The deal, valued at $2.9 billion, will see Coinbase expand its reach toward crypto derivatives, but parties will have to sidestep a few regulatory hurdles.
Coinbase Moves To Acquire Deribit For $2.9 Billion
After months of horse-trading, Coinbase has inked a deal to acquire crypto options platform Deribit for $2.9 billion. According to a report by the Wall Street Journal (WSJ), the deal will see Coinbase expand the scope of its offerings to include spot, futures, and options.
Joining forces with Deribit will send Coinbase to the top of the rankings for crypto derivatives by options volume and open interest. Deribit holds $30 billion in open interest and trading volumes surpassing $1 billion, with pundits describing the deal as a “steal” for the US-based exchange.
“This is a global step in our global expansion strategy,” said Coinbase in a statement. “With Deribit’s strong international presence and Coinbase’s regulated US and international operations, we’re set to offer unparalleled access to crypto derivatives around the world.”
When there’s an altcoin bull market, returns can be astronomical if you position yourself with the right, undervalued crypto. In this article, we’ll look at three alts that we think could perform exponentially. New token Remittix, whose presale has taken the market by storm. Also, older and more established altcoins Cardano and Dogecoin, both of which have potential as mainstream adoption continues. All three have great potential, but let’s see why.
Remittix Set to Explode Higher as Presale Success Generates Market Excitement
Remittix is already one of the most exciting projects in crypto right, while its presale is still ongoing. Since launching at just $0.015, $RTX has skyrocketed over 400% and has a local price of $0.0781, at time of writing.
With over $15.3 million raised and growing investor interest, Remittix is being touted as a market leader after it launches its mainnet. But what is it about Remittix that’s caught so much attention so early?
The platform is built using a PayFi protocol, which enables users to send crypto to a bank account. Over 40 different cryptocurrencies and 30 different fiat currencies are available and with no FX fees, it’s cheaper and faster, making Remittix a more efficient option compared with existing payment solutions.
With its mainnet launch on the horizon, excitement is building. Analysts have been bullish since it was first announced, but the presale has exceeded all expectations. As the presale nears its final stages, Remittix could be a powerful force in the next wave of crypto adoption, and with it being so early, it could be at least 50X from here.
Cardano Could Explode Higher as it Integrates Bitcoin DeFi
Cardano is beginning to gain traction ahead of its May 27 update, which will enable Bitcoin DeFi integration. This is expected to make Cardano a serious player in the DeFi space. Founder Charles Hoskinson confirmed, “Taproot enables Bitcoin to generate yields, unlocking new revenue paths for holders.”
This integration will make Cardano a bridge between Bitcoin and smart contracts, which could attract billions in BTC liquidity. The price is responding, as we can see on the daily chart: ADA has formed a textbook Cup and Handle pattern, suggesting continued upside.
The SEC has postponed its ruling on Grayscale’s proposed Dogecoin Trust ETF, citing ongoing caution around altcoins and memecoins. Despite this, however, Dogecoin’s technical setup remains bullish and has broken above a year-long trendline, which could mean a possible long-term trend reversal.
DOGE currently holds support at $0.217, with short-term targets at $0.27 and $0.30 within sight. Resistance could hit toward $0.35 and $0.45, but if the market remains bullish, then the Dogecoin price could rip.
Conclusion
When alt season kicks in, it’s time to strap in and enjoy the ride. Unlike previous cycles, not every altcoin will rip so making sure you’re positioned with something that offers utility is essential.
Remittix is what DeFi has long promised and is exciting for any investor. Cardano could be the platform that handles Bitcoin DeFi and if it does, then the price might be dwarfed by the cycle peak. Also, never write off Dogecoin because although memecoins are infamous for their lack of utility, Dogecoin boasts brand recognition, which plays a big role in the memecoin space.
Discover the future of PayFi with Remittix by checking out their presale here:
The post 3 Undervalued Cryptos Set To Skyrocket: Cardano, Remittix and Dogecoin appeared first on Coinpedia Fintech News
When there’s an altcoin bull market, returns can be astronomical if you position yourself with the right, undervalued crypto. In this article, we’ll look at three alts that we think could perform exponentially. New token Remittix, whose presale has taken the market by storm. Also, older and more established altcoins Cardano and Dogecoin, both of …
IRS demands Coinbase data to combat crypto tax evasion; user claims Fourth Amendment violation.
Supreme Court decision could reshape privacy rights for millions of crypto users nationwide.
The U.S. government is urging the Supreme Court to dismiss a legal challenge from James Harper, a Coinbase user who claims the IRS violated his constitutional rights by accessing his crypto transaction data. The case touches on a broader debate: do Americans have a right to privacy when it comes to their crypto activity?
Background: IRS Targets Crypto Tax Evasion
This dispute traces back to a 2016 investigation, where the IRS suspected widespread underreporting of crypto-related income. As part of its probe, the agency issued a court-approved summons to Coinbase, requesting information on high-volume users—including Harper.
The IRS has since argued that such records are crucial in enforcing tax compliance and identifying unreported gains in the fast-evolving crypto space.
Harper’s Argument: A Constitutional Overreach?
Harper contends that the IRS violated his Fourth Amendment rights, which protect U.S. citizens from unreasonable searches and seizures. His legal team argues that obtaining detailed financial data without individual suspicion constitutes government overreach into personal digital finance.
Legal analysts note that this case could become a landmark in defining digital financial privacy. “The Fourth Amendment was written before the internet, but its spirit is very much alive in cases like this,” one privacy attorney told [news source].
U.S. Government’s Response: No Privacy Over Third-Party Records
In a recent filing, Solicitor General D. John Sauer responded that Harper voluntarily provided his data to Coinbase, and therefore waived any reasonable expectation of privacy.
The government pointed to legal precedents like U.S. v. Miller, which held that financial data held by third parties—such as banks—do not receive the same constitutional protections. Coinbase’s user agreement, the filing argues, also clearly states that the company may cooperate with law enforcement when required.
What’s at Stake: Financial Privacy in the Age of Crypto
So far, lower courts have sided with the IRS, viewing Coinbase’s records as business data rather than private papers. If the Supreme Court agrees, it could effectively give the green light for broader government access to user data stored on crypto platforms.
Legal takeaway: A ruling in favor of the IRS could set a precedent that weakens digital privacy protections for millions of crypto users in the U.S., not just those suspected of wrongdoing.
Final Thought
While this case may seem narrow, its implications could be broad and long-lasting. At its heart is a fundamental question: does the U.S. Constitution protect crypto financial records the same way it does your personal files and papers?
With the Supreme Court yet to weigh in, the future of digital privacy in crypto hangs in the balance.
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The post IRS vs. Coinbase: Supreme Court Asked to Reject Crypto Privacy Challenge appeared first on Coinpedia Fintech News
Story Highlights IRS demands Coinbase data to combat crypto tax evasion; user claims Fourth Amendment violation. Supreme Court decision could reshape privacy rights for millions of crypto users nationwide. The U.S. government is urging the Supreme Court to dismiss a legal challenge from James Harper, a Coinbase user who claims the IRS violated his constitutional …
As US President Donald Trump announced a 90-day tariff delay, top cryptocurrencies like Bitcoin (BTC), XRP, and Dogecoin (DOGE) are showing signs of a potential breakout. In addition, with Trump’s hint at pausing the 50% tariff on China, all eyes are on its potential impact on the broader crypto market.
With the traditional financial market experiencing relief after a massive downturn, cryptocurrencies, in correlation with stocks and bonds, are exhibiting positive momentum. Thus, Trump’s pause on his tariffs has sparked speculations of a bullish turn in BTC, XRP, and DOGE prices.
How Will Trump’s Tariff Delay Impact BTC, XRP, DOGE Prices?
Notably, Trump’s unexpected pause on his tariff plans has sparked anticipation of a bullish reversal in the crypto market. These speculations have been further boosted by the Bitcoin price’s recent rally past $94k, marking a significant market shift.
Other top cryptocurrencies like XRP and DOGE have also seen a bullish resurgence following Trump’s tariff delay. Considering the prevailing positive sentiment, analysts and traders remain optimistic about the future performance of BTC, XRP, and DOGE prices.
BTC Price to Hit $180K
Analyst CryptoELITES believe that the Bitcoin price is poised to hit a new all-time high of $180,000 in November 2025. At the same time, crypto expert Merlijn The Trader forecasted the BTC price’s bullish rally to $150k in the near future. Now, Bitcoin is exchanging hands at $94,386, up 1.9%.
Source: X, CryptoELITES
XRP Price Sets Sights at $50
In a recent analysis, expert XRP Governor has set a long-term target for the XRP price amid the latest Trump tariff delay. According to him, XRP could reach an ambitious high of $50 in 2027. Currently, XRP is valued at $2.20, up 2.29%.
DOGE Price Targets $0.22
Dogecoin, which is currently trading at $0.1821, has a short-term target of $0.22. Identifying a bull flag on its price chart, analysts predict DOGE’s potential uptrend.
Crypto Market Boost
Significantly, the crypto market is about to witness its highest rally, as pointed out by market expert Michael van de Poppe.
Source: X, Michael van de Poppe
Trump Views High Tariff as a Victory: Here’s Why
According to Donald Trump, high tariffs, 20%-50%, on foreign imports will be a “total victory” as the US will make a fortune from the revenue generated. In addition, these tariffs will attract companies to set up production in the US. This will create job opportunities and economic growth.
Furthermore, Trump draws comparisons to other countries like China, India, and Brazil to highlight their high tariffs. Thus, he acknowledges that tariffs are a key component of his economic policy.
In conclusion, this move has sparked speculation about a potential bullish rally in the crypto market, with Bitcoin being a key beneficiary.
