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 Richard Teng:
"Excited to announce Guilherme Nazar as our new Head of Latin America!   

LatAm is a key region for #Binance  with its rising crypto adoption, and we are confident in Gui's ability to further develop this industry in the region. "   

Full announcement 👇

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Solana's highest data of the year: Will SOL rise? The total asset value (TVL) locked on the Solana blockchain has risen to its highest level in the past year. The native token of the Solana blockchain, SOL, has not been able to break above the resistance level of $150 since August 12. Despite the weak performance of SOL, the blockchain has been seen to gain strength with the performance increase in decentralized applications. Crypto investors are starting to wonder if the developments on the Solana network will push the price of SOL to $190. Cointelegraph, which published an in-depth review of SOL’s progress, gave important signals. Cboe Global Markets’ removal of the 19b-4 forms for Solana spot ETFs from its website has caused a lack of enthusiasm among investors. Market commentators, including financial lawyer Scott Johnsson, suggest that SEC Chairman Gary Gensler has rejected Solana ETFs on securities charges. Bloomberg ETF analyst Eric Balchunas has a similar view. He said the chances of Solana ETFs being approved are slim, but that the needle could turn if Donald Trump wins the US election. According to crypto analyst CoinMamba, the increasing memecoin craze on Ethereum and Tron blockchains is decreasing the interest in Solana. Arguing that the growth of the Solana ecosystem is undeniable, Cointelegraph said: “The increase in the total value locked (TVL) on the Solana blockchain shows that SOL still has potential to rise. On August 22, 34.9 million SOL were locked in the Solana network with decentralized applications, representing the highest level since October 2022 and a 13.7% increase compared to the previous month.” Jupiter, which reached $ 1.06 billion TVL, and Kamino, which holds $ 1.48 billion in deposits, are keeping the Solana ecosystem alive. Jupiter, which reached $1.06 billion in TVL, and Kamino, which holds $1.48 billion in deposits, are keeping the Solana ecosystem alive. Analysts, who stated that SOL has been going through difficult times, expect a recovery rise in the near future.

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📢 On August 23, spot Bitcoin ETFs experienced an inflow of 252 million dollars, while spot Ethereum ETFs saw an outflow of 5.6 million dollars.

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📢 According to Coinglass data, $175 million worth of liquidations occurred in futures in the last 24 hours. • 76% of these ($133 million) are Short positions.

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Is Everything Starting Over Again? Why Is Bitcoin Rising? Julio Moreno, who works at CryptoQuant, said the following in his X post on August 24: Bitcoin demand in the US increased today as the Fed signaled the start of a cycle of lower interest rates. This view put forward by Moreno was based on the Coinbase Premium Index, which shows the difference between the Bitcoin price on Coinbase Pro and Binance, and the demand difference between investors outside the US and investors in the US. The indicator was seen to have reached its highest level since July 15 and had a value of 0.0114. While a positive outlook indicates buying pressure, a negative outlook indicates that a sell-off may already be taking place. Just before August 5, when Bitcoin's price fell incredibly and fell below $ 50,000, the Coinbase Premium indicator had fallen below -0.10. According to data provided by CoinMarketCap, as of writing time, Bitcoin has found buyers at $64,281 after a 5.46% increase since August 23. The price of Bitcoin reached $64,769 last seen on August 2 during the night and then in the morning hours, and then visited $65,000 in the futures market. Just hours before the announcement that the minutes would be shared by the Fed, Bitcoin was finding buyers around $60,000, and miners were concerned about potential selling pressure due to the cost of Bitcoin mining remaining at $72,224. Crypto analyst Will Clemente made the following statement on August 23: There are still 7 days left in the month, but it is impossible to deny that the market has been seeing BTC under $60,000 as value for 6 months.

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Bitcoin walked, these altcoins ran: They left their mark on the day! The decentralized finance (DeFi) project Sun (SUN) on the Tron blockchain was the highest-rising altcoin of the day. SUN rose 60 percent in the last 24 hours. SUN, which came to the fore with Tron founder Justin Sun bringing the memecoin craze to the Tron network, has increased by 251 percent in the last week. SUNDOG, one of the first memecoins launched via Sun Pump, has risen 37 percent in the last 24 hours. The Tron blockchain’s largest memecoin by market value was one of the fastest-rising altcoins of the day. SATS (SATS), one of the Ordinals assets created on the Bitcoin blockchain, became the third highest-rising altcoin of the day. SATS rose 25 percent in the last 24 hours. SATS, which recorded a trading volume of $160 million in the last 24 hours, attracted attention. SATS, a memecoin inspired by Satoshi, reached a market value of $833 million. Popular memecoin Popcat (POPCAT) on the Solana blockchain continues its bull run. The cat-shaped memecoin has increased by 24 percent in the last 24 hours. The memecoin, which took action after Binance listed it in futures, has increased by 70 percent in the last week. Yield Guild Games (YGG), a gaming project supported by Binance, has risen by 20 percent in the last 24 hours. Combining the NFT and gaming worlds, YGG was among the altcoins that left their mark on the day. YGG recorded a transaction volume of over $100 million in the last 24 hours, reaching a market value of $190 million.

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