Version 2.16.0-70.0.dev

Merge commit '6da3725698d2fe1efa618aba2af94cbed06dcf50' into 'dev'
diff --git a/tools/VERSION b/tools/VERSION
index 1bde2b2..ae9a195 100644
--- a/tools/VERSION
+++ b/tools/VERSION
@@ -23,9 +23,9 @@
 #  * Making cherry-picks to stable channel
 #     - increase PATCH by 1
 #
-CHANNEL be
+CHANNEL dev
 MAJOR 2
 MINOR 16
 PATCH 0
-PRERELEASE 0
-PRERELEASE_PATCH 0
+PRERELEASE 70
+PRERELEASE_PATCH 0
\ No newline at end of file