1. Binance Alpha expands the list of supported currencies.
Binance Alpha will be able to list DarkStar (DARK token) and Cycle Network (CYC) today, August 4, 2025, with an airdrop distribution for Alpha point holders within the system. Details on eligibility and token distribution will be through the Binance Alpha events page.
2. Increased Bitcoin flows to Binance.
There have been massive outflows of Bitcoin to the Binance platform, approaching 7,000 BTC daily, coinciding with the price dropping to around $112,000 below key support levels. This movement indicates selling pressure from both retail investors and whales simultaneously.
3. Statement from CZ regarding the global race for Bitcoin adoption.
Founding CEO Changpeng Zhao (CZ) predicted that the entry of countries into Bitcoin within their financial structures will turn into a strategic race. Sovereign nations are racing to avoid falling behind technically.
4. The market is poisoned by vague news about a new ban in China.
Unconfirmed rumors suggest that Beijing is considering a comprehensive ban on all aspects of digital currencies, including individual ownership of Bitcoin, causing prices to drop to around $112,360 before a slight rebound. There are no official confirmations yet.
5. Powell from the US Federal Reserve supports digital currency.
Jerome Powell announced that American banks are now capable of dealing with digital currencies like XRP, which is a strong boost for the integration of digital currencies into the traditional financial framework.
6. Market updates and alternative currencies.
Market sentiment has turned negative, Bitcoin and ETH have declined with the liquidation of leveraged positions, and cash flows to the platform, while Binance launched a Holding Interest feature on BNB and ADA, allowing simple retention yield distribution to encourage investors to keep their assets in spot wallets.
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📉 Technical outlook on Bitcoin.
Bitcoin dropped from ~$123,200 to ~$112,700 over a few days, losing approximately 2.5% within 24 hours. Key support levels at $112,700 and $115,500 have been breached. The next time interval is critical; breaking the $112,700 support could push the price towards $107K or lower. Nearby resistance is at $113,700 and $115,500.