Silo, a non-custodial decentralized finance marketplace, announced Friday morning the launch of its V2 protocol on Sonic, a high-performance Layer 1 network. This means users on Sonic can now tap into lending markets where risks are kept separate. This means…

Silo V2 debuts on Sonic, offering flexible and secure DeFi lending

Dogecoin has observed a rebound from the support line of a Parallel Channel. 
Here&#8217;s where the next target could lie, according to an analyst. Dogecoin 
Found Support At Lower Level Of This Channel In a new post on X, analyst Ali 
Martinez has talked about how the daily Dogecoin price is currently looking 
from the perspective of a technical analysis (TA) pattern. The pattern in 
question is a Parallel Channel, which forms whenever an asset&#8217;s price 
witnesses consolidation between two parallel trendlines. The upper line of the 
channel tracks successive highs, and the lower one lows. Related Reading: This 
Altcoin Looks Like PEPE Before It Exploded, Analyst Says The cryptocurrency 
breaking out of either of these levels implies a continuation of the trend in 
that direction. A surge above the channel is a bullish signal, while a fall 
under it is a bearish one. There are three different types of Parallel 
Channels. The Ascending variation occurs when the trendlines are sloped 
upwards. That is, it represents a phase of consolidation to the upside. 
Similarly, the Descending type involves the asset going down with time. In the 
context of the current topic, the third and most common variant is of 
interest. This type signifies a phase of true sideways movement, with the 
channel being parallel to the time-axis. Now, here is the chart shared by 
Martinez that shows the Parallel Channel that the 1-day price of Dogecoin has 
been moving inside for the last few months: As displayed in the above graph, 
the Dogecoin daily price recently saw a brief retest of the lower level of the 
Parallel Channel. This line of the pattern is generally considered a level of 
support, and indeed, it played this role during the recent retest as well by 
helping the memecoin to turn around. DOGE has since been on the way up. 
According to the analyst, the cryptocurrency is now targeting the $0.19 level, 
situated at the midway point of the Parallel Channel. In the event that 
Dogecoin can clear this level, it&#8217;s possible that the coin may set its sights 
on the $0.26 mark next. This price corresponds to the upper level of the 
pattern, which provided resistance to the memecoin on a couple of occasions in 
May. Related Reading: Bitcoin Short-Term Upper Bound Is $117,000, Glassnode 
Says From the current exchange rate, a surge to this line would imply an 
increase of more than 50%. It now remains to be seen how the asset&#8217;s 
trajectory would look in the near future and whether the lines of the Parallel 
Channel would play any part. DOGE Price At the time of writing, Dogecoin is 
floating around $0.172, up over 7% in the last week. Featured image from 
Dall-E, charts from TradingView.com

Dogecoin Bounces Back With 8% Gain—Is $0.26 In Sight?

Ripple USD gains major momentum as Amina Bank becomes the first global bank to 
support RLUSD, signaling a breakthrough moment for regulated digital asset 
adoption worldwide. Amina Debuts First Bank Support for Ripple’s RLUSD A 
regulated gateway to stablecoin exposure is rapidly evolving as institutions 
seek compliant digital assets to bridge traditional finance and crypto […]

Ripple USD Finds First Banking Partner as Swiss Bank Amina Offers RLUSD Access

Bitcoin price started a fresh increase above the $107,500 zone. BTC is now 
consolidating and might struggle to continue higher above the $110,000 
resistance. Bitcoin started a fresh increase above the $108,500 zone. The 
price is trading above $108,000 and the 100 hourly Simple moving average. 
There is a short-term rising channel forming with support at $109,500 on the 
hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start 
a fresh increase if it stays above the $107,850 zone. Bitcoin Price 
Consolidates Gains Bitcoin price started a fresh increase after it settled 
above the $105,500 resistance. BTC cleared many hurdles near $107,000 to start 
a decent increase. The bulls pushed the price in a positive zone above the 
$108,000 level. The price even spiked above the $110,000 level before the 
bears appeared. A high was formed near $110,578 and the price is now 
consolidating gains near the 23.6% Fib retracement level of the upward move 
from the $105,116 swing low to the $110,578 high. Bitcoin is now trading above 
$108,000 and the 100 hourly Simple moving average. Besides, there is a short- 
term rising channel forming with support at $109,500 on the hourly chart of 
the BTC/USD pair. On the upside, immediate resistance is near the $110,000 
level. The first key resistance is near the $110,500 level. A close above the 
$110,500 resistance might send the price further higher. In the stated case, 
the price could rise and test the $112,000 resistance level. Any more gains 
might send the price toward the $113,200 level. Downside Correction In BTC? If 
Bitcoin fails to rise above the $110,000 resistance zone, it could start 
another decline. Immediate support is near the $109,500 level and the 
channel’s trend line. The first major support is near the $108,800 level. The 
next support is now near the $107,850 zone and the 50% Fib retracement level 
of the upward move from the $105,116 swing low to the $110,578 high. Any more 
losses might send the price toward the $106,400 support in the near term. The 
main support sits at $105,000, below which BTC might continue to move down. 
Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish 
zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above 
the 50 level. Major Support Levels – $108,800, followed by $107,850. Major 
Resistance Levels – $110,000 and $110,500.

Bitcoin Price Coiling Up — Is a Surge Past $110K on Deck?

Ethereum (ETH) is up more than 8% over the past 48 hours, climbing from around 
$2,400 on July 1 to nearly $2,600 at the time of writing. The latest on-chain 
analysis reveals that both accumulation addresses and liquid staking volume 
are approaching all-time highs (ATH), fueling optimism that ETH’s price may 
soon follow. Ethereum Liquid Staking, Accumulation Addresses Nearing Historic 
Highs According to a recent CryptoQuant Quicktake post by contributor 
Carmelo_Aleman, Ethereum’s liquid staking activity has seen a notable increase 
since June 1. The total amount of ETH staked rose from 34.54 million to 35.52 
million by June 30 &#8211; an increase of nearly one million ETH in just one month. 
Related Reading: Ethereum Eyes Key Resistance As Price Reclaims $2,550 – Here 
Are The Levels To Watch As of July 1, ETH set a new record in liquid staking, 
reaching 35.56 million ETH. A closer look suggests that most accumulation 
addresses are linked to institutional investors, exchange-traded funds (ETFs), 
and other large holders. Many of these investors choose to earn yield through 
liquid staking while waiting for substantial price appreciation. Among the 
biggest beneficiaries of this trend are decentralized finance (DeFi) protocols 
like Lido and Binance Liquid Staking, known for their scale and investor- 
friendly features. In addition to the rise in liquid staking, ETH accumulation 
addresses are also nearing record highs. As shown in the following ETH Cohort 
Study chart, these addresses grew 35.97% &#8211; from 16.72 million on June 1 to 
22.74 million by June 30. For the uninitiated, Ethereum accumulation addresses 
are wallets that acquire and hold ETH without significant outgoing 
transactions, often excluding known exchange, miner, or smart contract 
addresses. These addresses typically signal long-term investor confidence, as 
they represent entities accumulating ETH without actively selling. Also worth 
highlighting is that the Realized Price of these accumulation addresses &#8211; 
their average acquisition cost &#8211; stood at $2,114 on July 1. As ETH trades at 
$2,593 at the time of writing, these accumulation addresses are sitting on a 
healthy profit of approximately 22.65%. ETH Primed For A Breakout? Technical 
analysis suggests that ETH could be poised for a breakout in the near term. In 
a recent post, crypto analyst Titan of Crypto pointed out that ETH appears 
ready to break out of a broadening wedge pattern on the weekly chart, with a 
potential upside target of $4,200. Related Reading: Ethereum In Demand: ETF 
Inflow Streak Extends To 7 Weeks Institutional interest in Ethereum also 
appears to be strengthening. Notably, ETH may have found its own 
“MicroStrategy moment,” with Tom Lee and Joe Lubin revealing plans to 
accumulate significant ETH positions. That said, ETH must maintain support 
above the $2,200 level. A breakdown below this threshold could open the door 
for a drop to as low as $1,160. At press time, ETH is trading at $2,593, up 
1.7% in the past 24 hours. Featured image from Unsplash, charts from 
CryptoQuant and TradingView.com

Ethereum Liquid Staking Hits New ATH With 35.5 Million ETH Locked – Will Price Follow?

A sweeping crypto tax overhaul promises to unlock everyday digital asset use 
by slashing compliance burdens, exempting small transactions, and aligning 
crypto with traditional finance rules. De Minimis Rule Aims to Eliminate Tax 
Headaches for Small Crypto Payments Tax policy momentum is building as 
lawmakers aim to dismantle outdated financial frameworks that hinder digital 
innovation […]