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🪙 Launch of the SOPH token on Binance
Today Binance launches trading of the new token Sophon (SOPH) on the Binance Alpha platform at 21:00 (UTC+8), as well as SOPH/USDT futures contracts with leverage up to 50x on Binance Futures at 21:30 (UTC+8). Eligible users can receive an airdrop by using Alpha Points on a special event page.
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📉 End of support for the Futures NEXT program
Binance has announced the gradual cessation of support for the Futures NEXT program. Starting from May 28, 2025, at 08:00 (UTC), users will no longer be able to nominate new tokens or add new choices to already nominated tokens. Complete cessation of the program is scheduled for May 30, 2025.
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📊 Market updates: BTC and ETH
• Bitcoin (BTC): The market is currently in a short-term bottom-finding phase. Support is at levels 103300, 101175, 98500, and 97200, while resistance is temporarily set at new highs.
• Ethereum (ETH): The price of ETH is holding around $2604 after a sharp rebound from $2538. This recovery occurred after a bullish breakout from a descending triangle, fostering optimism for further growth to the next resistance level at $2745.
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🐳 Activity of large players
The $ALPHA Alert system from Binance has detected significant activity from large players (whales) in the $MANTA token, which may indicate potential changes in market dynamics.
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🏦 Institutional investments in cryptocurrencies
• Captor Capital: The Canadian public company Captor Capital announced the purchase of Bitcoin worth $500,000, as well as raising $450,000 through convertible bonds from a European institutional investor.
• Prediction from MicroStrategy: Michael Saylor, chairman of the board of MicroStrategy, stated at the Bitcoin 2025 conference that the price of Bitcoin could reach $1 million if Wall Street invests 10% of its assets in cryptocurrency.