According to the latest filing in the Harper Vs IRS case, the US government argued that the individual has no right to block the IRS from accessing his crypto records. While the user alleged that the IRS unlawfully accessed his private financial information, the government is urging the Supreme Court to rule in favor of the IRS. US Government Sides with IRS in Coinbase User’s Privacy Case US Solicitor General D. John Sauer argued in a May 30 filing that James Harper, a Coinbase user, lacks Fourth Amendment protection for his financial records stored with the exchange. The government claims Harper voluntarily shared his data with Coinbase, and the IRS followed proper procedures, like judicially approved summons, to obtain it. The filing also referenced Coinbase’s own privacy policy, which notified users that their information might be disclosed to law enforcement agencies. “The IRS may ‘examine any books, papers, records, or… Read More at Coingape.com
US President Donald Trump is reportedly launching a new crypto wallet in partnership with Magic Eden. Apparently, users will also be eligible to partake in a $1 million airdrop of TRUMP tokens.
There aren’t many specific details about this project available, but Magic Eden confirmed its involvement. Trump has a long-running interest in the NFT market, launching new ones last month, which could explain this choice.
Trump recently included NFT rewards in his Gala Dinner package, potentially explaining Magic Eden’s help making the wallet.
Unfortunately, we don’t have even the most basic information about the TRUMP wallet yet, including topics like KYC information, security, custody structure, etc. For now, interested users can join the waitlist in the hope of future developments.
The waitlist doesn’t have a clear end date, but it encourages users to buy TRUMP tokens. The meme coin has seen increased sell-offs since the dinner concluded a few weeks ago. Yet, today’s wallet announcement brought a brief spike.
The latest crypto wallet will likely bring more political scrutiny, specifically from the Democrats. Yet, the US president seems committed to furthering his meme coin venture.
XRP has seen a price rebound recently, which is in line with a shift in investor behavior. The altcoin is benefiting from holders opting to HODL, providing support for a potential recovery in the coming days.
This shift in sentiment is key to reversing the losses seen in June and pushing XRP back above key barriers.
XRP Holders Mature
Addresses holding XRP for over 6 to 12 months have experienced a noticeable rise in concentration this month, up by 12.8% to 19.1%. This surge in mid-term holders indicates a strong level of conviction in the asset’s future.
The increase in long-term holders reflects the growing belief that the price will recover despite recent volatility.
Moreover, holders who have owned XRP for 3 to 6 months have shifted their behavior toward HODLing rather than selling. This maturity in investor sentiment suggests confidence that XRP’s price will rebound.
The rise in mid-term holders plays a crucial role in stabilizing the asset and supporting its price recovery.
Looking at the macro momentum, the Mean Coin Age (MCA) has shown a consistent uptick throughout this month.
The MCA reflects the behavior of long-term holders (LTHs), and its rise indicates that LTHs are choosing to accumulate XRP instead of selling. This is a positive sign, as LTHs hold significant influence over the asset’s price.
The increasing accumulation of LTHs further supports the bullish outlook for XRP. Since LTHs have the most substantial holdings, their decision to hold rather than sell ensures stability and helps support a recovery in the price.
This accumulation behavior is likely to help XRP regain its footing and potentially reach higher price levels.
XRP is currently trading at $2.19, just below the crucial resistance of $2.23. Breaching this resistance level is vital for the altcoin to continue recovering from the losses seen in June.
If XRP manages to break through $2.23 and flip it into support, the next target would be $2.27.
If XRP price can sustain its momentum and hold above $2.23, it could continue rising and reach $2.32, fully recovering from June’s losses. This would mark a significant turning point in the recovery phase and set the stage for further upward movement.
(@MagicEden) 
