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As the Ripple-SEC legal row inches toward its logical conclusion, Brad Garlinghouse is doubling down on the XRP project, pointing to his tattoo as a badge of commitment. In the near term, Garlinghouse will improve the project as fresh XRP news indicates soaring network fundamentals. XRP News: Brad Garlinghouse Bets It All On XRP Ripple
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Ryan Salame, the former FTX executive sentenced to 7.5 years in prison, is seeking to have his conviction vacated, alleging…
FARTCOIN has experienced ongoing volatility, with significant price fluctuations over the last few weeks. Despite sudden drops, the meme coin has shown signs of recovery.
To continue this upward momentum, FARTCOIN must break through key resistance levels, and current market conditions suggest it could achieve this soon.
The Relative Strength Index (RSI) has recently moved above the neutral line, marking the first time in two weeks that the RSI is in the bullish zone. This shift is a positive sign for FARTCOIN, as it indicates that bullish momentum is starting to build.
A strong RSI is crucial for the altcoin’s recovery, signaling renewed buying interest in the market.
As the RSI remains in the bullish zone, it suggests that the potential for a breakout is increasing. This could lead to further price growth for FARTCOIN, especially if investors continue to support the meme coin.
The Squeeze Momentum Indicator is also showing signs of bullish potential for FARTCOIN. Currently, the indicator is noting a squeeze, which typically signals a period of consolidation before a potential breakout.
The histogram reveals that bearish momentum is waning, which suggests the altcoin could experience a shift toward upward movement.
The last time the Squeeze Momentum Indicator showed a similar pattern, FARTCOIN surged, indicating that the squeeze may be a precursor to more gains. If the squeeze is released, the meme coin could see a significant rise, potentially pushing the price higher.
FARTCOIN has risen by 11% over the last 24 hours, currently trading at $1.12, and is approaching the key resistance level at $1.20.
If the meme coin manages to break through this resistance, it could signal a continuation of the recent upward movement. A breach of $1.20 would open the door for further gains.
Securing $1.20 as support would be a critical next step for FARTCOIN. If it can maintain this level, the meme coin could rise to $1.42, recovering losses from June. This upward momentum would indicate a strong recovery and could lead to more sustained price growth if the trend continues.
However, if selling pressure builds in the coming days, FARTCOIN could fall below the $1.02 support level. A drop below $1.00 would be concerning and could result in further losses, potentially pushing the price down to $0.91.
Such a decline would invalidate the bullish thesis and signal a shift in market sentiment.
The post FARTCOIN Price Indicators Turn Bullish – Is Another Rally Coming? appeared first on BeInCrypto.
Cryptocurrency exchange Coinbase has filed an amicus brief with the United States Supreme Court. The brief is based on a case challenging the Internal Revenue Service’s authority to collect customer data from cryptocurrency platforms without a warrant. Coinbase Chief Legal Officer Paul Grewal announced the filing on X. He also urged the court to “right the wrong” of the third-party doctrine.
In its amicus brief filed Wednesday, Coinbase argues that the IRS action “invaded a sphere in which over 14,000 Americans had a reasonable expectation of privacy against a warrantless IRS trawl for extensive personal and financial information.” In addition, the top cryptocurrency exchange notes that the government’s position could effectively eliminate privacy protections for blockchain users.
The Supreme Court case stems from a confrontation that began in 2017 when the IRS issued what’s known as a “John Doe summons” to Coinbase. They sought financial data for more than 500,000 customers. Additionally, the Trump administration made this request as part of the tax agency’s efforts to ensure cryptocurrency users were properly reporting and paying taxes on their transactions.
Coinbase also actively contested the IRS’s request, which Grewal described as a “fishing expedition.” Through court battles, the exchange managed to substantially narrow the scope of the data it was ultimately compelled to provide to the IRS.
The third-party doctrine says that any time you voluntarily share info with a third party you have no reasonable expectation of privacy whatsoever. Today @coinbase filed an amicus brief with the US Supreme Court to right this wrong. 1/3
— paulgrewal.eth (@iampaulgrewal) April 30, 2025
James Harper, a Bitcoin researcher, lawyer, and fellow at the American Enterprise Institute, started the current Supreme Court case. In 2020, Harper filed a lawsuit against the IRS and challenged the agency’s authority to demand his financial records without a warrant. His case has now made its way to the nation’s highest court.
The key point of Coinbase’s legal argument is a fundamental challenge to the “third-party doctrine,” a legal principle that the Department of Justice has cited in defending the IRS actions. Under this doctrine, “a person lacks a reasonable expectation of privacy in information voluntarily provided to a third party, including bank records pertaining to him,” according to the DOJ’s position.
Coinbase’s Grewal explained the exchange’s opposition to this principle in a tweet thread announcing the brief filing. The third-party doctrine says that if you knowingly provide information to a third party, you can’t reasonably expect privacy. Grewal responds that this is too general an opinion and does not acknowledge the new digital age.
The exchange’s letter calls on the Supreme Court to act to make clear that the third-party doctrine does not permit the IRS to perform dragnet searches. Importantly, Coinbase makes clear that its stance goes far beyond cryptocurrency. In addition, as it asserts its dedication to tax compliance, Coinbase demands government requests that are “narrow and tailored” and are not blanket exercises in data collection.
The move by Coinbase comes amidst other notable activities in the crypto space. A US court recently vacated its decision against Tornado Cash. Grewal also congratulated Tornado Cash’s achievement and appreciated the court’s consideration after this win.
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