On June 3, the Latvian Cabinet approved Bill No. 24-TA-3148, a major step toward aligning the country’s tax laws with the Crypto Asset Reporting Framework (CARF) and the EU’s DAC8 directive. The new legislation introduces stricter reporting and due diligence rules for crypto asset service providers and will come into effect on January 1, 2026.
Key Highlights of Latvia’s New Crypto Regulation
DAC8 Directive Implementation: The bill incorporates Directive 2023/2226/EU (DAC8), which mandates detailed reporting standards for crypto service providers to prevent tax evasion and crypto-related financial fraud.
Automatic Data Exchange: Aligned with the Multilateral Competent Authority Agreement (MCAA), the new framework enables cross-border financial data sharing for better transparency under CARF.
Stricter Reporting Obligations: The Common Reporting Standard (CRS) and CARF now extend to crypto, requiring service providers to report on crypto assets, swaps, and electronic money products, including central bank digital currencies (CBDCs).
Non-Compliance Penalties: Failure to meet the reporting requirements can result in fines of up to EUR 14,000 (~$16,026).
New Definitions Introduced: The bill formally defines reportable crypto assets and crypto swaps, plugging critical gaps in earlier regulations that allowed for loopholes in taxation.
EU-Wide Adoption Deadline: All EU Member States must publish their DAC8-compliant rules by December 31, 2025.
The new crypto bill aims to increase transparency and cooperation across the EU by ensuring all crypto transactions, including indirect investments, fall under international reporting standards.
CARF also expands CRS coverage to include digital wallets and stablecoins, aligning with the OECD’s global push for crypto regulation.
Latvia’s Vision: A Blockchain Powerhouse
Latvia is rapidly emerging as a hub for crypto and blockchain innovation. According to the Ministry of Economics:
Around 20 new blockchain startups are setting up operations in the country.
Established names like Paybis reflect the growing confidence in Latvia’s crypto-friendly ecosystem.
With a clear regulatory roadmap, Latvia is positioning itself to lead in Web 3.0 development, attracting global talent and investment in blockchain technology.
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The crypto market has experienced a volatile start to Q2, with many tokens posting significant surges in recent days. Meme coins, in particular, have seen a resurgence, with older tokens gaining traction and newer ones attracting attention.
BeInCrypto has analyzed five meme coins for investors to watch in the coming month and their potential for further growth.
Turbo (TURBO)
TURBO has shown impressive momentum, gaining more than 191% in the past two weeks, now priced at $0.004313. The altcoin is testing key resistance at $0.004842. As one of the best performing meme coins this month, it continues to attract attention from investors, signaling strong potential for future gains.
This surge has provided relief to investors impacted by the February Death Cross. With TURBO standing at a near three-month high, the outlook remains positive if the broader market trends support further growth. A breakout above the resistance could propel TURBO towards the target of $0.006857, offering additional upside.
Failure to breach $0.004842 could lead to a reversal in the trend. A drop below this resistance would likely see TURBO testing the support level at $0.003304. This would invalidate the bullish scenario and potentially erase much of the recent price increase.
Neiro Ethereum (NEIRO)
NEIRO has experienced a notable resurgence, surging by 256% this week alone. Currently trading at $0.0661, the meme coin is at a four-month high. As NEIRO looks to break the $0.0715 resistance, it could see continued upward momentum if broader market conditions remain favorable.
The potential for NEIRO to breach $0.0715 is strong, with the broader market showing bullish trends as Bitcoin approaches $100,000. This could provide the necessary momentum to push NEIRO towards the $0.0845 resistance. A successful test of this level would solidify recent gains and set the stage for a move to $0.1000.
A failure to break through $0.0715 would likely send NEIRO into a bearish correction. In this scenario, the price could fall through key support at $0.0568, possibly testing $0.0446. This would invalidate the current bullish outlook, highlighting the importance of breaking resistance for continued growth.
Brett (BRETT)
BRETT has shown remarkable growth, up 120% over the past two weeks, trading at $0.054. This surge marks a near-three-month high for the meme coin, driven by a shift in market conditions. The rally suggests strong investor sentiment, fueled by the growing interest in Base meme coins.
As the market shifts, BRETT has captured attention, making it one of the more promising altcoins in its category.
With continued momentum, BRETT could break through the $0.058 resistance level, opening the door to further gains. A move toward $0.072 is plausible, especially as hype surrounding Base meme coins intensifies.
This meme coin also reignites the Solana vs. Base meme coin discourse; however, Alvin Kan, COO at Bitget Wallet, told BeInCrypto that this may not be the case.
“Solana still leads. It’s fast, cheap, and has an army of degens ready to mint and trade anything viral. Base is growing, and Coinbase might help push it further, but it hasn’t built the same retail energy yet. As for AI meme coins—they’re interesting, but still feel like a niche inside a niche. For now, Solana memes dominate the meme meta.”
However, a correction could follow if BRETT fails to breach $0.058. The price might drop through the $0.052 support, potentially reaching as low as $0.042. This decline would invalidate the bullish outlook, signaling a shift in market sentiment. Without sustained support above $0.058, the upward momentum may be short-lived, and bearish conditions could prevail.
Official Trump (TRUMP)
TRUMP has captured investor attention, surging 60% this week to trade at $12.14. The meme coin has reignited interest, driven by market speculation. Its rise comes amid increasing excitement around politically fueled volatility, making it a popular pick for traders looking to capitalize on unpredictable market swings.
Although TRUMP failed to secure $12.57 as a support level, the possibility of achieving this level in the coming weeks remains strong. The US President’s influence on market movements, driven by unexpected announcements, could provide the catalyst needed for TRUMP to rise further, potentially reaching $14.53 as it follows broader financial trends.
Failure to hold $12.57 as support could signal a reversal. In this case, TRUMP may see its price drop to $11.44 or $10.29, undermining the current bullish outlook. This scenario would invalidate the positive momentum, with investors needing to monitor key levels for potential price shifts closely.
Pudgy Penguins (PENGU)
PENGU has experienced significant volatility since January, with massive drawdowns following early interest. However, the meme coin has rebounded sharply, gaining 118% over the past two weeks. This recovery has caught the attention of investors, reigniting hopes for further growth and renewed momentum in the altcoin’s price.
Currently trading at $0.00846, PENGU is nearing key resistance at $0.01007. If the meme coin can maintain its bullish momentum, it presents a promising opportunity for investors. A successful break above this level could attract additional buyers, further driving its price and expanding the interest in this resurgent meme coin.
Failing to breach $0.01007 would likely result in a price decline, with support potentially falling to $0.00718. This would erode recent gains and invalidate the bullish outlook, with a further drop to $0.00549.
The Ethereum network has gradually improved in the past few years to remain competitive via its L2.
ETH price has yet to invalidate the multi-week falling trend experienced in Q1.
The negotiations of the global trade wars have not spared the wider crypto market, amid an ongoing capital flight to the Gold market. The significant adoption of digital assets by institutional investors and nation-states has significantly complicated the 2024/2025 cryptocurrency bull cycle.
On Wednesday, Federal Reserve Chairman Jerome Powell noted that markets will record continued volatility, amid ongoing decoupling between the United States and China.
Ethereum Network Ready for Bullish Sentiment
According to market data from Santiment, Ethereum’s average network fees have dropped to a five-year low of about $0.168. Interestingly, the Ethereum network recorded earlier on Wednesday the cheapest daily cost of transactions since May 2, 2020.
The Ethereum network has experienced significant competition from other upcoming layer one (L1) blockchains led by Solana (SOL) in the past few years. However, the Ethereum core developers, led by Vitalik Buterin, have made significant network upgrades to ensure competitiveness ahead.
Since 2021, the Ethereum network has experienced a series of major upgrades, led by the London hard fork (EIP-1559), the Merge, the Dencun in 2024, and recently Pectra upgrade. As a result, the Ethereum network has become increasingly usable
Key Ether Price Targets to Monitor
After being trapped in a falling trend since early December 2024, Ethereum’s price has potentially hit the bottom, based on historical trends. According to crypto analyst Benjamin Cowen, Ether’s price, against the U.S. dollar, has been following a similar fractal pattern to the 2020/2021 bull cycle.
Market data from Santiment shows Ethereum price has established a robust support level about $1,528, where 2.61 million addresses accumulated over 4.82 million Ether.
With the gradual recovery of Ethereum Open Futures (OI) amid notable decline in Ether YTD, a potential rebound towards $2.1k is more likely to happen.
The post Ethereum Fees Hit 5-Year Low: Can Ether Bulls Seize the Opportunity? appeared first on Coinpedia Fintech News
The Ethereum network has gradually improved in the past few years to remain competitive via its L2. ETH price has yet to invalidate the multi-week falling trend experienced in Q1. The negotiations of the global trade wars have not spared the wider crypto market, amid an ongoing capital flight to the Gold market. The significant …
The price of XRP, much like the rest of the crypto market, is facing a short-term pullback. On the daily time frame, XRP has been losing momentum as Bitcoin cools off, and since most altcoins tend to follow Bitcoin’s lead, XRP is no exception. When Bitcoin dips or moves sideways, altcoins often react with sharper drops, and that’s exactly what’s happening now.
Bitcoin dominance is currently quite strong, which means Bitcoin is holding its value better than many altcoins. This puts added pressure on coins like XRP, which are now struggling to stay above important support levels. Recently, XRP slipped below a key support area around $2.30.
Is There a Bullish Pattern Forming?
With this level lost, analysts are now keeping a close eye on the next important zone, which sits between $2.10 and $2.15. If XRP fails to hold here, the next significant level to watch would be around $2.00, and below that, there’s some support near $1.80.
Interestingly, there’s a bullish setup forming on the daily chart. There are early signs of an inverse head and shoulders pattern, which is a classic reversal formation that could hint at a bigger move to the upside.
Short-Term Outlook
However, for this pattern to actually play out, XRP would need to stabilize somewhere in the lower $2 range, likely between $2.00 and $2.15, before bouncing back towards $2.62. A confirmed breakout above this higher level would be a strong bullish signal, possibly opening the door to new highs. But for now, this pattern is only a possibility and not confirmed.
In the shorter time frames, XRP has also lost a bit of positive momentum. A short-term bullish divergence recently failed as the price and RSI both made lower lows, canceling out the divergence. This signals the potential for further downside in the immediate term, with the next likely stop being around the $2.10 area.
The post XRP Price Prediction Today: A Dip Below $2 Could Be Next appeared first on Coinpedia Fintech News
The price of XRP, much like the rest of the crypto market, is facing a short-term pullback. On the daily time frame, XRP has been losing momentum as Bitcoin cools off, and since most altcoins tend to follow Bitcoin’s lead, XRP is no exception. When Bitcoin dips or moves sideways, altcoins often react with sharper …
