Latest news on cryptocurrencies and events at Binance today
📉 Bitcoin (BTC)
• BTC fell below $116,000 USDT, down 4.28% in 24h, trading around $115,946 USDT.
• A “reverse head and shoulders” technical pattern was identified which, if confirmed, could drive BTC up to $140K–$160K, after consolidating above the $114K–$115K zone ().
• On-chain data shows that long-term hodlers are starting to take profits, which may indicate a trend reversal ().
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🏦 Tether (USDT)
• Tether accumulated over $1.27 trillion in U.S. Treasury bonds during the second quarter of 2025, as confirmed by its CEO Paolo Ardoino ().
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🐳 Ethereum (ETH)
• A whale opened an 18× leveraged short position in ETH, worth approximately $62.5 million, reports Lookonchain.
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📈 Events and launches at Binance
• Binance Alpha launched a TAC airdrop, allowing eligible users to claim up to 1,875 tokens, depending on their Alpha points.
• Chainbase (C) was also listed on Binance Alpha, triggering airdrop of 750 C tokens for users with at least 160 Alpha points.
• A new Token Generation Event (TGE) model with a bonding curve model was announced in Binance Wallet — the first project is already announced and allows direct purchases with BNB.
• The promotion “8YA: Road to Abu Dhabi” began with the Alpine F1 team, offering VIP prizes and special experiences until July 31.
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🗓️ Corporate announcements
• Binance issued a risk warning regarding Binance Alpha and adjusted its institutional loans, enhancing the availability of capital flexibility.
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In summary:
• BTC pulls back after reaching recent highs and shows interesting technical patterns.
• Binance is driving several initiatives: airdrops, TGEs, and F1-themed promotions.
